Market Structure is simply making distinctions in price flow. its putting structure around what looks like chaos so that we have a way to measure and orient ourselves to any market in any timeframe. When I look at a market, I want to see objectively in swings.
Swings are the common thread that weaves through all markets and timeframes, providing a clear...
These 4 are my top Short ideas for today into the future until the price stays below the Red TrapZone.
The picks are based on momentum, volume and price action.
Following the weekend banking crisis with Silicon Valley Bank, Silvergate and Signature Bank, we're seeing massive contagion risk as bank runs occur. Was the intervention by the FDIC, Federal Reserve Bank, and Treasury, enough to easy concerns?
I have drawn a large channel in solid white
this is accompanied by a triangle structure but more importantly it as a double bottom for price
I have shown this double bottom with a bars pattern along the lower line of the triangle
This is where I think price will turn a recovery
Weekly (not shown):
Possible bearish divergence coming up. Impulse still green, but is shows prices around 101 were rejected and price closed much lower.
MACD-Histogram still rising, as well as EFI. sRSI declining, although it could cross.
Daily
Bearish divergence on MACD-H, MACD lines, EFI and even Stochastic RSI. Stoch RSI crossed bearish and comes from an...
The handle is in a rectangle. Financials have been hot but who knows when the sector will rotate out? The top line of the rectangle should be red as it is resistance.
Support at handle low 65.66 and Mid cup 48.85 Depth is 49.15 LONG ENTRY is 73.55
No recommendation
#CMA: It's in a range expansion mode, after breaking out from Range-1 it's moving towards Range-2 breakout. But we may see a reaction at the Range-2 breakout zone before the breakout. Let's see.
Hey guys, COMERICA is in a fake bearish push with a low volume of executed sales and sellers refusal. The TIMEFRAME M1 shows a new sell-off of sellers with a large volume bear under the VWAP, which makes us say a trend change. That this one asks to go up, it goes in the direction of its next lower. Big possibility of breaking the VWAP Recover losses before...
CMA is approaching our first resistance at 88.30 (Horizontal pullback resistance, 61.8% Fiboancci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 76.33 (50% fibonacci retracement, 61.8 %Fibonacci extension).
Stochastic (89,5,3) is also approaching resistance where we might see a...
CMA is approaching our first resistance at 88.30 (horizontal pullback resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 76.33 (50% Fibonacci retracement, 61.8% Fibonacci extension).
Stochastic (55,5,3) is also approaching resistance where we might see a...
