SO why cant i be a robot ? what even are emotions ? I did my analysis, I did my risk/reward, I entered, Im enjoying the profit. Then boom starts dropping and before i know it im in negative and my whole moods changed. I switch to a lower time frame and im nervously watching it -200, -400, -500, -300, -100, +20, +2 CLOSE! AND breathe.+2. Well its better then the...
Price has cleanly rejected the bottom of structure which was an area of value in the market.This was expected due to the lack of momentum and impulses to the downside which showed us that we could see the downtrend momentarily cease.
Price has broken through horizontal channel early this week leading to a short burst of impulse buying.
With the lack of fundamentals in the currently heavily overbought market, we can expect a drop to come upon the slightest trigger.
While we cannot predict when the breakdown will be, we can still expect a retest of 2974 (Target 1) some time this week.
If the...
I had a quick look at the Indices and I can see a Clear 3-4 Formation. In this video I will draw some wave numbers.
I am not a strict elliotician and this is my FIRST EVER tradingview broadcast so please forgive my mistakes.
Has S&P 500 Completed a Wave 4 Up and Ready for a Wave 5 Down?
I do have a blog if you're interested Just search Immy Yousafzai Forex...
We have been watching this pair for many months wondering when or if the big drop and change in trend will come, But week after week, month after month it keeps increasing ? Whats your opinion and when/if do you think it will change trend direction ?
As well as hundreds of indicators based on historical data leaning highly bearish, strong possibility of a head and shoulders pattern forming on both the 1D and 4H charts. Printing more money can only work for so long, before a correction is inevitable. Bubble could be about to burst.
Here we have the chart layout for DXY as some may be aware it also corrolates with EURUSD!
Downtrend
Defined by a series of Lower Highs (LH) and Lower Lows (LL)
Trade Idea
The rally has posted an exhaustion count on the weekly chart.
Broke the sequence of 6 negative daily performances.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
A break of bespoke support at 2799, and the move lower is already underway.
The bias remains mildly bullish but there is scope...
This demonstrates how a 120 / 20 Moving Average configuration can call short entry points against the S&P500.
The same config can also be used to call rally points.
Explanation on the chart.
Weekly chart.
12 MA
120 MA
Crossovers call changes of overall direction.
This shows how a 20 / 120 double moving average setup has been pretty accurate in calling bear markets (and bull markets too for that matter for the past 25 years or so if not longer.
Because my trading can not catch up, please allow me to write it briefly.
<< tactics >>
When judging that 2800.0 functioned as a resistance line, I will short.
The first limit is on MPP (R1)
The second limit is on WePP (S2)
I would be grateful if you like it idea,give me follow or agrees!
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Brown thick...
It was a story of five months ago when I made a move towards 2900.0.
Currently, it can be seen from the daily story that 2800.0 acts as a strong resistance, preventing up trend persistence.
Daily
I assume that this symbol is not considered an uptrend already.
However, most recently it is likely to consider trading using...
