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SPX Showing Indecision After An Attempted Rally Above ResistanceThis is a small update to my pervious monthly and daily chart where i pointed towards the possibility of a Rising Wedge and a Bearish Crab to take us to lower levels soon. As of today we have had a strained rally above the 1.618 and look to be heading for the supply line of our Rising Wedge. But it looks like with all the indecision we are showing only just slightly above resistance and the 1.618 Fibonacci Extension that we may not have enough steam left to rally to those levels. I expect that we will either remain sideways or go down from here and likely will not be making it above the red box before at least first making a decent retracement to lower levels.
OANDA:SPX500USDShort
by RizeSenpai
1
EURUSD D1 Bearish ViewEURUSD has broken below 1.1830 and confirmed Inverted Cup & Handle Pattern. Target 1.1800 and 1.1745 has been hit (Ideas: EURUSD H4 Inverted Cup & Handle Bearish View, 24 March 2021). EURUSD bottomed at 1.1704 and rebound to 1.1915 high. Then EURUSD formed a Doji candle and potentially corrected lower to test: 1. 1.1830 again, and 2. 1.1700 Break and hold below 1.1700 will open the way to test 1.1600. But any move above 1.1915 could cancel Bearish Doji. Reference: EURUSD H4 Inverted Cup & Handle Bearish View, 24 March 2021 EURUSD D1 Bearish View, 22 March 2021
Short
by Wahyu_Luck
US10 Y - TREND REVERSAL IN PROGRESS...D1 : Recent price action is showing a trend reversal in progress. Indeed, last Friday a "doji" (uncertainty and indecision) took place which has been followed yesterday by a bearish engulfing pattern ! Today's ongoing price action continue to move to the downside. Watch carefully the Tenkan-Sen or Conversion Line, currently @ 1.6140 as the first important support and last but not least, at the MID BOLLINGER BAND, "T H E L E A D I N G I N D I C A T O R", currently @ 1.5620 as a pivot level for the ongoing session (s) If you find my analysis valuable for your trading, please do not forget to like and follow me Have a nice trading day All the best Ironman8848
TVC:US10Y
by Ironman8848
2
GBPAUD - Another Push DownWe saw some bearish movement on GBPAUD yesterday however it appears a weak AUD caused a bullish reversal in the pair overnight. (I am currently in UAE timezone) At the time of writing, the London session has just begun & we see price action indicating that another move down may be imminent. I observe a bearish doji followed by what appears so far to be an aggressive bear candle (lets see how this hour closes!). Price appears to have rejected the 1.80 psychological level also. I am aware price appears to have broken the downtrend however if we observe a closure within the trendline then I will classify this as a fakeout. We can then look for short entries to ride priced down to the previous swing low at around the 1.78200 level.
Short
by MMQ_FX
How to trade the US Dollar Index based on US FED policy actionsYesterday JPowell was very dovish. In summary, it's clear that the FED will use every tool necessary to achieve full employment. This implies that he'll let inflation run hot above 2% for a while. The recent rise in the US 10 YR yield indicates inflation is coming. However, JPowell said that he won't use tools to raise rates to follow the yield curve yet but implied that the FED may extend treasuries maturities should higher yields negatively affect unemployment numbers. Unemployment is still high. How to ride this out JPowell seems to think that the upcoming inflation will be transitional. He also expects the GDP growth to hit 6.5% by the end of this year. In addition, increasing vaccination will boost reopening economies around the world. Therefore, I expect the US Dollar to be strong for a while before heading lower. This play has the least resistance and current economic conditions support this. However, the US Dollar may immediately head lower as more money is introduced into the system. The FED will continue with QE as stimmy cheques hit banks this week.
TVC:DXYLong
by GrizzlyBearBee
BTC - H1/M15 - FACING FIRST RESISTANCE (38.2% FIB RET ) @ 56097H1 : Recent price action triggered a corrective recovery towards a high so far of 56450, making on H1 closing a doji pattern = indecision and uncertainty Last candle did not managed to close above the 38.2% Fib ret @ 56097. Cluster H1 support is between 55500 (MBB) and 55250(KS); a failure to hold above this area would again trigger another wave of selling pressure targeting a retest of former lows. M15 : Caught in a kind of triangle pattern with 57000 on the upside and 53000 as pivot level area for further development. Watch clouds as a very short term support zone All the best
BITSTAMP:BTCUSD
by Ironman8848
4
$BTC: Heikin Ashi showing signs of a turn around? Patience!!On the daily heikin chart, we're seeing the first bullish doji forming, which is a sign of indecision and the possible end of this downward trend that we've been in the last week. This 26% correction is fantastic for reloading on fuel for the next push higher. There's almost a 0% chance that 58k was the "top" and that we won't see #Bitcoin push towards the inevitable 6 figures. I'll be looking to long the breakout of the top wick on this doji that's forming today. On the heikin ashi chart if price action was to push above that level, it would show an actual reversal in the trend. Be careful trying to long before that as the bullish doji in the micro downward trend might just be a pause before continuation. $BTC has multiple 30-40% corrections in its last run, and I would never count out the whales from a nice fake, followed by a liquidation of overleveraged moon boys, and then a subsequent earth shattering pump. Let's be patient and find out!
COINBASE:BTCUSDLong
by its_maxbro
1
SE- My international E-Commerce playLast year, SE turned cash flow positive and posted the triple digit revenue growth quarter after quarter. It is a digital entertainment/gaming + E-commerce + Fintech all in one company and is turning into a behemoth in south east asia. In addition, SE was a favorite buy for several top hedge funds in Q4 2020. It seems like we will see some weak rally tomorrow as the bottom-buying pressure seems to have waned compared to previous occasions in which buyers showed up almost immediately as soon as the price touched the bottom of the long-term trend. Not saying the trend will be broken, but it's likely that we will see a brief consolidation first, then another swing low before the reversal happens. Nonetheless, I will buy the dip tomorrow and aim to fill the remaining of my positional size inside the demand zone. Not the investment advice. Just my two cents
NYSE:SE
by Libratus
5
BTCUSDT 4H | Bitcoin market overview: Trend reversalHello, dear subscribers! In the previous review, we looked at the rise in bitcoin price as the preferred scenario for the bitcoin market. In the following days, bitcoin price went up, showing a maximum of $57,700. In today's review, we want to show you a possible reversal of the uptrend. A reversal candlestick pattern may be formed on the bitcoin price chart in the following 4-hour candlestick after 16-00 UTC. The current candle forms a doji or hammer candle. The red candle following it forms a reversal candlestick pattern. Also, this movement confirms the decline of the OBV indicator, which indicates the closing of positions by buyers and the increasing influence of sales in the bitcoin market. Targets of the downward movement will be the levels - $52,000 and $48,000. Subscribe to the channel and stay with us!
Short
by CatalystsFinance
1
BTC - AT A GLANCE - TRADING IN THE ZONE - D1 - H4 - H1D1 : As expected, (Tks to Elon !)..., the Monday's breakout of former high @ 42000 triggered a sharp acceleration move towards a high so far of 48200, close to the psychological target mentioned of 50'000. (see my previous Heat Map post). Looking at yesterday's price action, we can see a "school case", perfect "doji" pattern which means indecision and uncertainty ! In addition, coupled with this doji, there is also a bearish divergence on RSI. Therefore, it looks like, further downside is on the cards ! After this sharp move, the 45000-41000 trading range is very fragile and we can not ruled out to see a mirror effect happening in the coming session (s) which would push the BTC down back towards the form congestion zone of January 41000-42000. Screen shorter time frames to get intermediate signal (s) which will help to validate or invalidate this expected bearish scenario. Important to note that on D1, we are still in a strategic uptrend (see the support trend line in green) and therefore the view expressed here should be seen as a tactical trading approach (countertrend !) Only a clear breakout of the uptrend line support would switch from bullish to bearish in a strategic mode approach ! Scenario 1 (Bullish) : Recovery and breakout of the former high of 48200 and then again sharp acceleration towards 51000 and probably higher (Fib projection) Scenario 2 (Bearish) : Failure to hold above 45'000 (yesterday's intraday low) would put the focus on the 43'000 area (see H4 and H1 comments below) H4 : Downtrend in place. Watch 47'000 on closing period observation; a recovery above that level would, for the time being, neutralise the downside risk. On the downside first level to look is 45'600. A H4 closing below that level would be the first signal confirming an ongoing bearish price action targeting the next support previously mentioned on D1 @ 43000 H1 : Downtrend in place Below all leading indicators ! Watch 44900 as the key pivot point, which is also the top of the clouds support zone and which corroborate the view expressed above on D1 As for H4, only a recovery above 47000 would force to a view reassessment of the expected bearish scenario
BITSTAMP:BTCUSDShort
by Ironman8848
2