Disclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money...
Strong channel forming and we could see it play out as a bullish flap pattern or fall down to the bottom of the channel....which one do you think? I am short
Using the Elliot Waves 12345 and ABC we see that price should go to point C as a big correction, and it has already broke the small support created in the last 3 days mentionned by a blue line at 25767.0 which is a good confirmation for the sell setup. Green lines are partial TPs.
i suggested once it breaks out 26000>00 will be looking for long sell
I see support has been tested several times and expect it to break at some point today, once broken we can see from current support to the green area
As we can see from the chart previously once price broke the highlighted level it dumped but retraced very quickly. I anticipate once support is broken we are going to see an even bigger drop. I have a few sell stops in just in case to catch the fall
I been researching for hours and hours on google trying to figur out when it is right time to make a trade because on google it tells me many things about double top that can be trap move??? I am scared that if i do it wrong i will mess up my trades?? I know google tells me that when price bounce off the support level, it is a sell. BUT i also saw that it broke...
Waiting for price to break the support line. Sell stop is set at 25328.
US30 predicted 2020-2021 timeline. Please leave a follow and like if you find it useful and I will keep posting for you guys!
I think the worst has yet to come to the markets, as we are discovering the real impact COVID-19 has on the economy. Right now US30 and other indices appear very inflated. After testing some highs, I am looking to short US30 trailing stopping it to previous March lows. • US-China trade war tensions still lingering • Lower daily highs • Sluggish easing of COVID-19...
If you wanna more follow me, and give a like. I'd love to hear your opinion. Give me a comment. The price broke the support from the up channel. After I waited for confirmation from 23287, which was a support and now it has become resistance.
SPX500 is in a DOWNTREND therefore i'm going in for a sell, however, if you are looking for a good entry, look for a pullback in either 15 minutes timeframe or the 5 minutes timeframe. You can sell NAS100 and US30 as well because they move the same.
So last week I did a very short evaluation of DJI. I have done another evaluation this morning and taken my time and I still believe we will see that final push towards to 25'. The analysis is fairly straight forward. We have our fib, trendlines and ema. I have left the plotted zones out just to keep the chart looking tidy. The fib is looking to complete...
In my previous analysis, I mentioned that a strong sales wave could come to the markets again, in this context, I expect a structure as I mentioned in the chart.. Markets will be very interesting after 6 months, we will wait and see..