Get started

Bulls Power

S&P Analysis Week of 11/08/2020: Post Election MadnessWho is the newly elected President of the United States? How does that impact the markets? As of this posting, we don't know who the elected U.S. President is. Even if a winner is declared, it is most likely going to be contested. This week there are many variables a. One important variable is the consolidation that price is making in a triangle wedge. We are currently at the top portion of the triangle wedge so price is in a critical spot. If price breaks out, we could easily get to and exceed all time highs. If price is rejected then you will see price pay a visit to the last broken resistance area area. This breakout area was heavy resistance and was never retested. Price WILL come back to this point at some time...when is anyone's guess. Price can take days, weeks, months or years to retest that area. My guess is that the retest will be sooner than later. I indicated three setups: Trade Setup 1 (long): The easiest would be a break above the triangle wedge because it's cleaner and easier to play. Trade Setup 2 (short): A rejection of the top of the triangle wedge. Trade Setup 3a (long): A bounce off of the broken resistance. This would satisfy the retest. However, if it does bounce this is not a preferred trade for me because of the overhead resistance. Price would have a lot of work to do to breakout above this area. Trade Setup 3b (short): This is a continuation of trade setup 2. If the breakout area fails, then price will continue most likely to the bottom of the consolidation triangle wedge. Note: The consolidation between the triangle wedge is energy and a lot is building up. Once the energy is released either in the northern or southern direction, there will be a big move. This is just for awareness in case that even happens during this week. Good luck and be careful. Remember: When it feels really right, it's probably wrong. And when it feels really wrong, it's probably right. Don't forget to support my analysis by hitting the like button
CME_MINI:MESZ2020
by XYZ-Trader-
10
Rising Trendline Breakouts often fails!!!Right now BITCOIN is breaking out above the rising trendline and that could be very risky. If we can hold a weekly candle above the trendline then i can say Bulls are very much in control, but if we go under the trendline and close the weekly candle then bears are in control. The content covered in this chart is NOT to be considered as investment advice. I’m NOT a financial adviser. These are my own personal and speculative opinions, ideas, theories, charts, technical analysis (TA), insights, and price predictions. The technical analysis in this chart is completely speculative and does NOT guarantee any specific result or profit.
BITSTAMP:BTCUSD
by ASMILLI0NAIRE
1
EUR|CAD Long OpportunityFX:EURCAD Leave a like below as well as a comment if this is helpful, it is always much appreciated! Currently the EUR/CAD is Selling off, looking to retest a recent low at 1.54270 Tomorrow the CFTC will release this weeks COT data report and upon analyzing it, we can have a better idea of the direction that price action is heading. ** I will update this analysis once the report comes out** If we can see a strong support around the recent low, we can expect bullish continuation which would help shift the MACD above the 0 level as well as crossing the Signal and MACD SMA lines back up indicating bullish action
Long
by illMcNasty
USD|SEK 4H Bullish PlayFX:USDSEK Leave a like below as well as a comment if this is helpful, it is always much appreciated! On the 4H we can see that currently price action has successfully bounced from the top of the wedge it broke out of, finding support on the 0.618 level on our Fibonacci We can expect price to eventually break above the 0.5 level of the Fibonacci and potentially find it as a support zone before continuing on a bullish trajectory Keep in mind that the MACD is getting ready to shift above the 0 threshold allowing both the EMA and the Signal to cross, following suit with an upward trajectory as price action continues bullish
Long
by illMcNasty
1
GBP/NZD ***IDEA***Whats up guys! So if you've been trading this pair you know its been having bullish movement. I think personally that if price doesn't break through AND close it will go down and test the possible new support I have on the chart. I expect price to reach the bottom of the Fibonacci if price doesn't close above 1%. If price does close above the 1% price go test the 2% on my Fibonacci which will be a great amount of pips. I also plotted take profits for you guys to take if price goes either way. Good luck! I'd keep an eye on this pair tonight!
by lobfxempire
ETC - STUCK IN SIDEWAYS TRADINGEthereum Classic (ETC) is currently stuck in a sideways trading period. However this could change should ETC manage to continue its recent upwards momentum. A breakout from $7.4 USD is needed for ETC to break away from this channel. ETC currently has bullish momentum: - Heikin Ashi - GREEN - BULLISH - MACD - POSITIVE CROSSOVER - BULLISH - Descending triangle formation - BULLISH BREAKOUT - RSI - High value - high interest - BULLISH - Bollinger Bands - Upper region of bands - positive movement after BB contraction - BULLISH ETC is looking handy at the moment, however if $7.4 USD is not broken then ETC will continue to trade sideways (with a likely move down to the support level shown) this is NOT financial or investment advice
KRAKEN:ETCUSD
by UnknownUnicorn10064030