Get started

Bullish Trend Line

The S&P 500 remains in a bullish trend - but beware Quick comments in this analysis. I tend to find just looking at the direction the ema ribbon, or red 20dma is an easy way to tell the underlying trend. Clearly it is still bullish. I was wrong in the latest TA on the S&P 500 I posted. I foresaw a drop through that ema ribbon that did not materialize. That next week I closed that short for a loss, as once the price bounced off that ema ribbon which was historically a setup, it was evident shorting a bull market would have made the loss much worse. I however did not chase the price as it went up higher, nor am I recommending longing here. I do however think while the price can continue higher, frankly I even am expecting it as the price appears very bullish and the financials XLF continue to rise towards historical resistance - there is not a clear setup for longing with the price this far from the mean and so overextended. If the price were to fall to support within the channel, & tag and confirm support off a pivot point to the right of the chart then I would consider longing. If we have a significant drop I will seek to get back into equities. Till then I am stuck spectating, stock picking, and continuing to ride the Bitcoin/Eth bull market up its own wall of worry.
AMEX:SPY
by ZenMode
3
GBP JPY - Bulls on paradeHello traders and analysts. Key: Purple = weekly Blue = Monthly Orange = Daily grey = 4hour pink = 1 hour See our update to the tracking of our position on GJ The original idea is here for 2021: Where are we and why are we there? Fundamentals at play With the successful Brexit transition and recovery from the Risk-off scenario from Brexit, the commodity hedge from Gold will not push higher. While the vaccination and cases remain a concern for the UKs long term success in the economy opening up, the GBP has been seen rising and looks set to continue with a target of 143 poised to be filled by the bulls. XAU USD & GBP JPY are safe havens so expect the volatility within the pairs to remain strong as short term sentiment turns sour. From a Fibonacci prospective: We took the low and plotted the high. We expected the previous wick to be filled as the order blocks in GJ are volatile so price and hit a fresh zone and reverse very quickly . The extension targets below signify our areas of longer term profit taking. While we did not add to the trade here, the opportunity here for buyers was a great opportunity as the 61.8% (golden ratio) hit. Here is our original take for our last entry: The overall bullishness from GBP is due to the JPY with an imbalance on the weekly (see the key) above where price is approaching a purple weekly zone between 147+. We are currently in a weekly zone between 143-145 whereby price has been creating a steep incline however has had healthy price engineering. The imbalances where price can retrace to is now to 137 (weekly) or monthly low 134-135. On a strong imbalance 150+ is the target. From a daily, 4 hour view. Bullish; Bearish This will be extended from the daily rising channel upon a break of 143.4 Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners to advanced . KISS - keep it simple stupid. we trade purely from naked charts, less indicators - remove the noise and clears your mind. If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes. Regardless we will continue producing analysis. Thanks, Team LVPA MMXXI
Long
by LupaCapital
2
US OIL still risingHello Traders and Analysts, Based on what merit? We have seen a nice impulse into the channel and a rejection upon reaching the trendline at $53.00 Good question, based on the fact - from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure to the crisis of Oil supply being heavy weighted in comparison to the demand . The spike to zero was the abundance of supply which effectively the storage supply became over saturated and "worthless", the May contracts were not accepted for physical delivery and the paying for the delivery took place to prevent further storage. This imbalance was created in which created the impulse. Price re-established itself with $30-36 zone for a further imbalance where price will now look to as a strong demand for price engineering if needed. Looking for an entry? Based on the orange trendline - we would be looking to buy further at $48.00 where price may look to establish a lower high. If* this zone is broken, the correction will deepen with $46-48 looking to be a buying area. Here is our original take Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners through to advanced . KISS - keep it simple stupid. Pure imbalance trades - with further explanations on the graphs to understand. If you like our work, please leave a like or comment. If you feel our work is exceptional and would like to donate coins, this is highly appreciated. Many thanks, Team LVPA. Risk disclaimer: All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered by Lupa Capital is provided as general market commentary, and does not constitute investment advice. LCP LTD will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
TVC:USOILLong
by LupaCapital
Potential Ascending Triangle on the S&P 500Potential Ascending Triangle on the 15m. Nice bullish continuation pattern following a nice bottoming pattern. Trendlines: The horizontal line is the resistance area while the ascending line (line trending up) offers support. EMA Ribbon: The ema confirms what we are observing regarding the trend & likewise visualizes the bottoming pattern following the bullish continuation pattern. Inverted H&S pattern – Quick bottoming pattern displaying left shoulder, head, and right shoulder
OANDA:SPX500USDLong
by ZenMode
Long Position: Ethereum mark the 0.618% of Fibonacci!!!Hello, in this technical analysis, Ethereum mark the 0.618% of price entry with confirmatio to entry in long posiiton. I put my buy order limit at $410 USD with a SL at $403 USD and my own take profit it''s $442 USD. So, I see that Ethereum is going to bullish!!! This is a good opportunity to buy Ethereum!!! And then, this is the Daily timeframe. Ethereum show that it's going to bullish!!! So, we would need to buy Ethereum in hte best level to get our target profit!!! Good luck in this posiiton!!!
COINBASE:ETHUSDLong
by harisonhbn9718