Either we loose about 100 points in a "b" wave before correctively going marginally higher, or we loose 300 points quick. Either way we should stat to see weakness in the ES futures by the SPX open tomorrow. Blue and Black are equally probable pathways. Best to All, Chris
ES futures did not tip the SPX hand too much over the weekend. As of this morning my weekend update has not changed and is fully applicable for this week's trading. Best to All, Chris
The overnight futures are signaling an open right into the 1.0 Fib Extension. Under the BLACK count (which is my primary expectation) we go back down. This would take us into the 3726 area over the next couple of days. From there we would consolidate back into the 3960 area over the course of the next couple weeks. This would be a proper wave 4 as our wave 2...
In the 15-minute chart, we can see that there are two gaps which are not closed. We name them Gap A and Gap B. Currently, we can see that price has formed an inverse head and shoulder pattern. If a breakout occur, we believe that price will retrace to fill the two gaps before it can drop to a new low. Trading Roadmap: First, we wait for a clear breakout from...
Recently, US30 has arrived at a key support level of $32000. As we forecasted in our previous US30 analysis, the price had more rooms to drop, eventually testing the yearly low of $32200 level. We can see that past prices have bounced up from this level. Clear bullish candlestick patterns can be seen to support the start of each correction. As we zoom in...
Previous US100 Chart Update: Last week, US100 has made a new lower low in the $12550 level. This provides a great opportunity to sell at every retracement. US Dollar Index has just made a new high since 2004. This further confirms that a bearish reversal for DXY is unlikely to take place in the near future. Therefore, we will be looking for potential sell...
Upward direction Due to breaking the highest price since If the price can stable above 103.15 Will start strong upward
Since February, US100 has been moving in a $2200 wide range. This range is very wide, but the price has succeeded in reaching the resistance and support levels multiple times. This shows that an immediate break is not likely at key levels and might at least require multiple short-term re-tests before the levels can be broken. From 13000 support level, we can see...
This trade is only valid if the trendline is broken and retested, otherwise, it would be risky to take a blind sell now. A realistic target is in the 126.000 area. USDJPY is also at a very important level of resistance on the monthly chart. Goodluck. Please follow for more trade ideas that'll make you profitable.
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US. Index the price can stable at upwarding zone therefore will try to touch each target at upward respectively like we said in the previous idea. ——— Above 95.66 the next target Will be 96.6 and 97.15 & 98.3 & 100.53
DAX 40: Bearish Pin Bar Signal Price Action: Price formed a Giant Bearish Pin Bar Signal just under the 15355 – 15486 short-term resistance area, late last week. Price briefly moved higher from the recent Bullish Pin Bar Signal that had formed, early last week, but didn’t follow through (We did not consider trading this signal as this market is forming lower...
We are facing a hard period, especially for the bulls, one point to watch is the DXY level. If we can see a breakdown below 95.90 that will be good for the BTC. The big deal is the possible interest rate hike during March, this hike can lead to pumping the DXY.
We try to manage the new bearish trend... SELL now or SELL on Strength??? Price are in the 50% fibo from its drop, but it can possibly make an ABC correction to the 61.8 or 78.6 fibo before it continue to go down... I prefer sell half portion now, and sell another 50% on the retracement to 61.8 - 78.6 level... GOOD LUCK, BEAR!
SP500 on the 4h chart reached as expected the weekly support. The price started a choppy move and create a dirty double bottom that could lead to a retracement move to the upside. How can we approach this scenario? If the price will break the descending trendline and move over the resistance stricture we will set a nice long according to the Plancton Academy...
DXY is at an important zone, time for USD pairs to make some moves?
Hey traders, in the coming week we are monitoring DXY for a buying opportunity around 96,5 zone. i highly recommend to take a look at DXY at the beginning of every week if not everyday. that will help you to spot USD pairs direction and trade them in a more professional way. Trade safe, Joe.
SP500 has shown some weakness in the beginning of 2022... All of us know that one of the most important reason behind such a 12% drawdown is Fed hawkishness... At the time of writing smart money traders are pricing at least 5 interest rate hikes by the end of 2022, which is obviously putting pressure on the US stock market. ''Money today worth more than money...