NAS makes a balanced range on the 4H chart, we are now at the extreme boundary of it, we are now either going to see mean reversion back to 17800 or a break higher towards 19k! will post an update into next week.
SPX in my opinion from here will dive into this huge value area, as a lack of orders at these prices is making it hard for it to hold itself up, with the DXY curve sloping upwards we are seeing more and more pumped in the US $ as the Stock market takes losses. The RVI indicator (meh?) has crossed over which 'could' be used to back the idea, and the red cloud...
Current long position, clean traffic to the left once we break! Fibs and price action playing out here nicely.
Looking for a break of structure on the lower time frame after taking last week's highs. Expecting a decent risk to reward here.
The Dow baby. Let's say NFP has something in store for this one tomorrow. In that case, i like to BTFD :) LIAAY
Liquidity is all around you. Think this is a good support area based off of yesterday's strong reaction and liquidity sitting above that needs to be tapped. Lets see here.
The price is in the golden zone if it get rejecte we enter a short position
What Is the Relative Vigor Index? The Relative Vigor Index (RVI) is a momentum indicator used in technical analysis that measures the strength of a trend by comparing a security's closing price to its trading range while smoothing the results using a simple moving average (SMA). The RVI's usefulness is based on the observed tendency for prices to close higher...
Hello all. I previously posted an idea of a possible second wave down on the Dow Jones but, upon future research and analysis I've come to a new conclusion... bullish continuation. Times are tough and the market is shaky but, investors seem to be totally fine with a possible Biden presidency and its looking like we have more room for even more bullish upside....
After DJI slumped yesterday, the index rebound for touching the broken trend line..
Index will continue to the target, THEN WHAT?
SPX500 Rebound from ascending trend line now facing a good resistance, the probability to touch D point ?
Three points of resistances may lead to SPX500 plunge!
SPX500 with three harmonic patterns scenarios in progress Bat, Anti shark & Crab, and the more probable the bat pattern (Green) because it is same point of the SMA 200.
Crude oil USOIL & WTICOUSD currently on perfect support also we can see the Wolf pattern already completed on the monthly chart. I hope OPEC meeting getting good deal to push the prices up.
it might pull back - check your trade and adjust TP accordingly
YM is at extream, have multiple 5 wawes up , and its at trendline resistance. As well plenty of fibo extensions in there.... it will hardly would hit the stop . Its first pullback to 50% then target 30 000. Good Luck!