Bounce
$VBIV - BEST BOUNCE PLAY OF THE DAY Running up then broke out premarket - then cliff hanger > then bounced to retest highs and exceeded NASDAQ:VBIV
EURUSD - 15m - A scalp bounce of 1.0800 handle and Deep Crab PRZLooks like a mini deep crab like pattern on 15m which could give more support to 1.0800 handle bounce and scalp opportunity for 30-50 pips.
Expecting price to continue lower in the intermediate term, though. So, personally may not be inclined to take this particular trade.
SPX500 - Will this be the top of the Dead Cat Bounce?Looking at the SPX500 Futures:
1. Looks like we could be at the top of a Dead Cat Bounce
2. If this is not the top, a potential tap off the 200 EMA would be where I would expect it to dump
Fundamentally due to covid and the world being under house arrest, I would not expect markets to continue to rally and I am bearish as you can be on a Macro Level.
Technically this is presenting a great short opportunity on open. I will go in with 50% of my position around where we are when we open, the other 50% I will add at the 200EMA and set a stop above it with room for a wick just in case.
Trade, Chart, Learn, Repeat
Coach K
Oil rebound time CryptonikLion Oil is at some historical lows right now due to the weak demand,so i expected that the price can reach as low as 17 cents but that drop will be fast,because i am sure that at the price the buyers will buy at that price like never before so going long on Oil does make a lot of sense, i mean a child can understand that after CV-19 the price of oils will rebound to at least 30-35$ in next 6-9 months
SPY - MAGIC SUPPORT/RESISTANCE level - Market will STOP thereHello traders,
after Easter, we share another educational video. Today´s topic is focused on drawing support and resistance levels.
Many traders draw LINES and they think the market will bounce exactly from that level.
The truth is, you can never do that . Instead, it´s better to understand the S/R level as a zone WHERE you can EXPECT some activity.
Nobody cares if the market breaks the trend-line by few points. What really matters is if the breakout was respected or not.
The example is explained in the AMEX:SPY market, which is very well known but you can use this logic in any market.
Have good trading.
FINEIGHT team
Short BEL 20 indexAs seen there is a historical low resistance level @3123.7, and a fibonacci ratio of 0.382 @3091.265
I've tried to draw the small bullish trendline which will be colliding with these very soon.
This might indicate an end of this short term increase and a fallback to the bearish trend known as the CoVid19 crash or atleast a long term battle trying to break through this heavy resistance level.
Inverted Dead Cat BounceAnalysis on BTCUSD with the pattern Inverted Dead Cat Bounce, that happens after a Dead Cat Bounce. Price rises more than 15% in one day after a downtrend, showing a 4 weeks possible scenario. At the end of this period, there would have some opportunities to buy again. Sell on the 1-2 day of the event. A White Spinning Top candle pattern appeared at the start of the second week of the event, with high wicks on top and bottom of the candle, showing indecision.
BTC's most controversial valuesWell lads, we have found ourselves in the great pinch of 2018.
That first place after the big one, where BTC took a good look above,
double digit thousands and beyond,
and decided:
nope.
But alas, here we are again. Who knows. Maybe we will hit a hard ceiling and fall back to argue over the dirty recession 3K's like animals. There's already a tasty wick that has traversed our swing pattern.
or, maybe not.
Who knows
screw you btc istillloveyoutho
quarantine on
LONG - THETA - Trading OpportunityPrice came back to support, looking good for a long position.
Entry: 0.00001072
Target 1: 0.00001169
Target 2: 0.00001238
Target 3: 0.00001312
SL: 0.00001014
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USDSGD LONG POSSIBLY AT A BOUNCE POINT
WE MAY FOUND SOME SUPPORT
SELLING THIS PAIR IS ALSO THE OPTION AS IF OUR ENTRY TO GO LONG FAILS TO SUPPORT WE WILL HAVE A CHANCE TO SHORT THIS PAIR TO THE NEXT LEVEL OF SUPPORT BEFORE TAKING THIS PAIR TO THE UPSIDE
THIS IS AN EITHER OR SITUATION WE CAN EITHER SELL THIS PAIR IF OUR ENTRY FAILS OR WE CAN EITHER BUY THIS PAIR AFTER OUR MARKET GIVES US CONFIRMATION THAT OUR SUPPORT LEVEL ENTRY ONE IS IDENTIFIED
Direction Change or Resistance Bounce?!Looking more longterm on the 4 hourly candles we can see that we formed a doji candle indicating short term directional change within the market. We just recently touched a MAJOR resistance point of the market around the area of 5600, which ultimately could create a nice looking double top. Watch closely how the 4 hourly candle plays out because this was a huge rejection from 5600 in the time of writing this. If we fail to hold that resistance point and breakout of it, we may see a short term bull-run commencing...
Personally, I still got my bearish sentiment here and I'm still holding strong my 5600 short position with a tight stop loss at 5689.
I feel like we will bounce off the resistance here and develop further downside momentum, as the fundamentals with the coronavirus around aren't looking too good. Gold and the Cryptocurrency market failed to act as a hedge against the general economy as we saw investors start to withdraw their funds...The market is simply moving with the economical crisis at the moment, and as swing traders, it is our goal to catch those huge impulse waves in either direction.
Keep in mind it is only Sunday today, and the volume within markets tends to be rather low. Monday on the other hand, will open up with quite a GAP!! I am looking forward for the week ahead of us, as the opportunities are limitless! :)
This is NOT a financial advice, trade at your own risk!
Bitcoin probable bounce at weekly 200MAHi, this is my second chart I've posted on Tradingview.
I beeeeelieeeeeevee... Bitcoin could see a relief rally here at the weekly 200MA (5.5k BTCUSD).
*Vol relatively average to past dumps volume data even though there's a giant spread.
*Sitting at a candle cluster with high volume.
*RSI at bounce downtrend range.
What would be a safe way to get in on a long-term hold? A daily close above 6.15k-6.3k, basically. All you would be doing around these levels is scalping, if you didn't get in at 5.5k.
BITCOIN BOUNCE | OVERSOLD, WICK REJECTION, FIB CHANNEL MOVEMENTSI is heavily oversold and due a bounce
Price is wicking off price levels showing signs rejection and reversal
FIB Channel is being respected and is also showing signs of a reversal
Targets follow fib channel, 50% level and top of channel (100% level) or within the bounds
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Short Term: Long
Mid Term: Short
Long-Term: Neutral