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Spy $615 What? is it happening this is a short thesis road bk to $615 last time we were so close we hit $613 now my assessment is seeing Road back to $615 I do anticipate it open Monday around $598-$601 Max target we do have very strong support around 588ish which I don't think we see unless markets grab liquidity to wipe out calls and trap shorts Which is very common these Days.. I will Keep updating this is my personal thesis i think the correction is over and we are heading back to $615 Come Monday Morning Ill post and see what my bot foresees as well as my Price forecast to give an extra confidence boost on the thesis... as Always traders good luck and safe trades
AMEX:SPYLong
by JoeWtrades
Bitcoin (BTC/USD) Technical Analysis – Daily Timeframe Bitcoin (BTC/USD) Technical Analysis – Daily Timeframe This chart presents a technical breakdown of Bitcoin (BTC/USD) using supply and demand zones to anticipate potential price movements. It reflects a bearish bias as price action shows rejection from the supply zone (sell zone) and an expected drop toward the demand zone (buy zone). 🔍 Key Chart Elements 1. Supply Zone (Sell Zone) – Resistance Area The supply zone is highlighted in the upper region, approximately between $86,000 and $88,000. This area represents a strong resistance where sellers are active, preventing further price increases. Bitcoin recently tested this zone but failed to break above, leading to a price rejection. 2. Demand Zone (Buy Zone) – Support Area The demand zone is marked in the lower region, around $69,000 to $67,000. This is a historical support level where strong buying interest is expected. If Bitcoin reaches this level, a potential bullish reversal could occur. 📉 Bearish Price Projection The chart includes a downward arrow, indicating an expected bearish movement from the supply zone toward the demand zone. Reason for the expected drop: BTC is struggling to gain momentum above $86,000, showing signs of weakness. The recent bearish candles suggest increased selling pressure in the market. A failed breakout above resistance increases the likelihood of a downward move. Price Targets: First target: Around $74,000, a potential minor support. Second target: Around $69,000, which aligns with the demand zone and could act as a strong support level. 🔄 Potential Alternative Scenario – Bullish Breakout (Low Probability) If BTC manages to break above the $88,000 resistance level, it could trigger a bullish rally. In this case, the next targets would be $92,000 and $96,000. However, given the current market structure, this is a less likely scenario unless buying momentum increases significantly.
BINANCE:BTCUSDShort
by Pipsview_Analysis
EUR/USD Technical Analysis: Bearish Momentum with 2.04R ShortEUR/USD Technical Analysis: Bearish Momentum with 2.04R Short Opportunity Current Market Structure The EUR/USD is displaying a clear bearish trend across multiple timeframes, with price action showing lower highs and lower lows since late 2024. Analysis of the charts reveals: Daily timeframe: Sustained downtrend since October 2024, with price currently testing resistance near 1.0380 4-hour timeframe: "Confirmed" bearish alignment with both the 8 EMA and 21 EMA positioned below the 55 EMA 1-hour timeframe: Similar bearish configuration, reinforcing the short bias EMA System Confirmation The proprietary EMA System Status indicator demonstrates strong bearish conviction: 240 Signal: Bearish 240 Trend: Bearish Alignment: Confirmed This triple confirmation suggests high-probability conditions for short entries. Key Technical Levels Support Levels: 1.0300: Psychological round number 1.0230: Recent swing low and profit target 1.0200: Major psychological support Resistance Levels: 1.0400: Key resistance zone with 200 EMA confluence 1.0430: Stop placement zone above recent swing high 1.0500: Major psychological resistance Correlation Analysis Supporting the bearish thesis, the DXY (Dollar Index) shows a complementary bullish structure with: Confirmed bullish alignment on the 4-hour timeframe Recent break above the 107.00 resistance level Bullish momentum in MACD This inverse correlation adds significant weight to the EUR/USD short setup. Trade Parameters Entry Strategy: Short at 1.03632 Stop Loss at 1.04287 (65.5 pips) Profit Target at 1.02296 (133.6 pips) Risk/Reward Ratio: 2.04 Risk Management: 1% account risk allocation 0.5 lot position size $500 risk per trade (on $50,000 account) Potential profit: $1,019.85 Technical Confluence Factors Several factors align to support this trade setup: Price rejecting at 55 EMA resistance on multiple timeframes MACD showing bearish momentum and alignment Weekly and daily session boundaries reinforcing resistance zones Recent higher timeframe rejection of the 200 EMA Market Timing Considerations The European and US economic calendars should be monitored for: ECB monetary policy statements Federal Reserve commentary US dollar-impacting economic data releases Conclusion The EUR/USD presents a high-probability short opportunity with a favorable risk-reward ratio of 2.04. All key technical indicators align bearishly across multiple timeframes, with strong correlation confirmation from the DXY. This setup fits the criteria for a "Confirmed" signal within our trading system, meeting our standards for trade execution. Trade management will follow our established protocol with potential scaling out at interim support levels and trailing stops implemented once price moves beyond the 1:1 risk-reward ratio point.
Short
by FXCapitalClub
levels to watch I previously mentioned that a broader market correction was highly likely, predicting that after the market coiled within the 95k-100k range, a downturn would be inevitable. The correction was expected to bring the market down to around 75k. As we’ve seen, the market fell to 78k but has since rallied back to 92k. However, for the market to regain renewed momentum and strength, it would need to close above the 95k level. If that happens, there’s a possibility that the market could test the 108k range once again. On the other hand, if the market fails to break and hold above the 95k mark, sellers are likely to return, leading to a potential retest of the 75k level.
Short
by Shivkumar600