DJI Potential For Bearish ContinuationOn H4, with the price moving below the Ichimoku cloud and descending trendline, we have a bearish bias.
We are looking for a pullback sell entry at 30105.42 where the 50% Fibonacci line is. Also there is a market gap that looks good to be filled near there. Stop loss will be at 30883.99 where the 61.8% and 50% Fibonacci lines are. Take profit will be at 28456.52 where the 127.2% Fibonacci extension line is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DOW
DJI Potential for Bearish Continuation| 27th Sept 2022On the H4 chart, prices are moving in a descending manner hence we are bullish biased. To add to this bias, the price is below the Ichimoku cloud which indicates a bear market. Looking for a pullback sell entry at 30438.12 where the 38.2% Fibonacci line is. We can take the market gap close by at 30047.79 into consideration for the confluence of this sell. Expecting that gap to be filled.
Take profit will be at 28442.42 where the 127.2% Fibonacci extension line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Will Support Hold for Stocks?The S&P 500 is still in bear-mode, though it appears to have found some support at 3645 as we reported yesterday. We do appear to be seeing some meager consolidation with a narrow range forming between this lower bound and 3714. A red triangle on this level confirms strong resistance. The Kovach OBV does appear to be trekking upward, which may indicate that a relief rally is due. If so, it is not likely we will be able to break past 3749. If we sell off further, 3624 is the next target.
DJI Potential for bearish momentumOn H4, with the price moving below the Ichimoku cloud and descending trendline, we have a bearish bias that the price may drop from the sell entry at 29657.08, which is in line with the swing low. Take profit at 28456.52, where the 100% Fibonacci projection line and 127.2% Fibonacci extension line intersects. Alternatively, the price may rise to the stop loss at 30883.99, where the minor swing high and 50% Fibonacci retracement are.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
S&P 500 Slammed AgainThe S&P 500 has been slammed by recession fears, a hawkish Fed, pervasive risk-off themes in the news, and a potentially disastrous hurricane barreling toward the gulf of Mexico (oil refinery hub) and Florida. We have completely given up the 3700's, and are deep into the 3600's with 3645 providing support at the moment. The Kovach OBV is hugging lows and appears to be very oversold. A relief rally could attempt 3700 again, but otherwise the sentiment is extraordinarily bearish. Our next target is 3624.
DJI Potential for Bearish Momentum | 26th September 2022On the H4, DJI is on a strong bearish trend. We are looking for a pullback sell entry at 29653.29 where the 100% Fibonacci line is. Take profit will be at 27565.24 where the 145% Fibonacci extension line is. Stop loss will be at 31020.79 previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
US30USD YM1! DOW 2022 SEP 25 Week
US30USD YM1! DOW 2022 SEP 25 Week
Dow gave out presents last week with a good short opportunity.
Broadening downward wedge = demand returning.
Watch 29639 = CRITICAL SUPPORT.
Possible scenarios:
1) Long if 29639 / lower trend line support holds
2) Short if price breaks down 29639 on high volume and returns
to test on lower volume.
3) Short on rejection of upper trend line // 30636
4) Bullish break out of wedge: Long on test and accept of breakout
Price reaction levels
Short on Test and Reject | Long on Test and Accept
32789 31793 31385
31042 30636 30202
29639 29315
Weekly: Higher vol & narrower spread down bar, close off low
= minor demand
(ave vol on bar itself) = demand coming in
Daily: Ave vol down bar close off low = No Supply
H4: Vol showed buying on the downtrend. Coupled with possible
SPRING setup
Remember to like and follow if you find this useful.
Have a profitable week ahead.
BMIX Short Term Target $.10 cents Long Term Target $.50 - $27BMIX had a nice W double bottom pattern play out an exact measured move to about 10 cents. Now correcting and priming for the next run. I can 50 cents come fairly quickly, in this parabolic trend, and then after 50 cents the crazy thing is there really isn't any resistance levels up to $27 dollars. Don't sleep on this one while its under a penny, it could really surprise you. This is not trading or financial advice this is just my opinion. Thank you.
INVALIDATION:
If BMIX fails to hold .009 then a drop to .004 is possible at next support level before the upside break.
DOW fut in easy wayAs we are noticing talks about inflation, rise in dollar etsc.
if we see Dow jones charts observations be like:
from past many maonths is making a Lower highs lower lows BUT now the pattern's changing.
Positives
1. 200 MA support : On the weekly charts, it has got support around 29400 levels of 200 MA.
2. RSI divergence : the biggest reflection we are seeing, we can see little bit of RSI now moving otherways as price is tranding towards.
3. if it jump from these lows, we may see LH - LL pattern being distorted ( its very early to say this, but major positive observation)
4. if these levels are breached 26100 is biggest support which definitely will not be affected.
5. looks much oversold
negative
1. Lower lows
2. volume above average.
3. MACD crossover in negative direction.
but as per my observation, if it sustain 29100 - 29200 levels, dow is ready to move in an upside direction. from now onwards can start investing, market shall reward handsomely.
disclaimer: views are personal, please take your advisers advise before taking position.
DJI Potential For Bullish RiseOn the H4 chart, DJI is on a strong bearish trend. Expecting price to break past 29653.29 where the previous swing low lies, looking for a short term buy
at 27705.84, where the -27.2% Fibonacci expansion line and the massive 50% weekly Fibonacci line lies. A safer stop loss will be at 26798.05 where the 161.8% Fibonacci
extension line lies. Take profit will be at 29653.29 where the 38.2% weekly Fibonacci line and previous swing low lies.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential for Bearish Momentum | 23rd September 2022On the H4, DJI is on a strong bearish trend. We are looking for a pullback sell entry at 30651.50 where the 78.6% Fibonacci line is. Take profit will be at 29653.29 where the 100% Fibonacci line and previous low is. Stop loss will be at 31277.69 previous low is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI Potential for Bullish RiseOn H4, with the price moving below the Ichimoku cloud and descending trendline, we have a bearish bias that the price may drop to 28389.36 where the 127.2% and 161.8% Fibonacci extensions are. Looking for a buy entry at that area 28389.36, with stop loss at 27558.84 where the 145% Fibonacci extension line is. Take profit will be at 29653.29, where the 100% projection line and previous swing low is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
DJI Potential for Bearish Momentum | 22nd September 2022On the H4, DJI is on a strong bearish trend . We are looking for a immediate sell entry at 30127.85 where the 100% Fibonacci line and previous swing low are. Take profit will be at 27681.24 where the 161.8% Fibonacci extension line and -27.2% Fibonacci expansion is. Stop loss will be at 32504.04 where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
US30Manually closed as this is going to be interesting but I'm watching for the close of the next two candles to determine what my next move should be.
DOW on the final countdown 🦐DOW on the daily chart is trading below a weekly structure over a daily support.
The market is waiting for today's news and some volatility can be seen.
How can i approach this scenario?
I will wait for a retracement to the upside and if the market will provide us a sign of inversion i will look for a short entry according to the Plancton's strategy rules.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Stocks Brace for the FOMCThe small rally we saw in stocks yesterday was quickly batted down. We managed to make a run for 3909, which was our target and lower bound of some congestion from earlier this month. However, we promptly rejected that level, as anticipated, and immediately sought support again at lows just above 3825. The markets, usually quiet before an FOMC, reacted out of one last burst of fear for the impending meeting today at 2PM EST. It is expected that we will get yet another 75 bps rate hike, with some saying it could be as high as 100 bps. After this, it is likely that we see a relief rally that could test the 3900's again, with 4009 being the ultimate target for a rally. If we sell off again then we should have support at the base of the 3800's.
DJI Potential for Bearish Momentum | 21st September 2022On the H4, ETHUSD is on a strong bearish trend. We are looking for a pullback sell entry at 31488.71 where the 50% Fibonacci line is. Take profit will be at 29833.47 where the previous low is. Stop loss will be at 32504.04 where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
DJI Potential For Bearish ContinuationOn H4, with the price moving below the ichimoku cloud and descending trendline, we have a bearish bias that the price may retrace back up to the 50% Fibonacci line and then drop from the sell entry at 31490.75, to the take profit at 29891.63, where the swing low is. Alternatively, the price may rise to the stop loss at 32504.04, where the swing high is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long US Stocks After FOMCExpected Dump to new lows tomorrow evening after FOMC announcement, throw some limits down below to seize the opportunity. A lot of people claim a recession and what not is coming however we have been in one for about 3 years now. My view is that it is over and things are stabilizing.
Of course there are legitimate reason for while people have these recession views. I must say though I predicted the first run up from 29k in the middle of June 2022. The market didn't have enough steam to get back to 35k. I think these longs will be good. My assumption is that the market makers are taking out the people who were too greedy and didn't take profits a month ago. Reload and go again, take your best shot. I see Markets making new highs in January.
US30I honestly thought this would trigger tomorrow but bottoms up right. Either way move SL into profit if you are going to sleep or close with your current profit. Riders and chancers will let it either hit SL or TP, (NOT RECOMMENDED, THAT THING ABOUT TIME AND BROKERS)
Stocks Pivot, Await FOMCStocks caught a nice pivot from lows just above our level at 3827. We saw some volume come through and were able to break past a relative low at 3887. Currently a bit of a retracement is taking us below that level again. We won't expect much action from the markets before the FOMC, so current levels are likely to hold. Watch for support at 3827 again, and resistance somewhere around 3909 or 3928 if we can make it that far.