What you see here is price being trapped between several moving averages. There are buyers and sellers smashed into this mess like sardines. Buyers are putting their bids on one moving average, and sellers are stubbornly putting all their listings on another moving average. One side has got to give. Since sellers are sitting on profit, the path of least resistance...
😯 The pattern looks very clear to me and could be a potential move to put a lot of cheese in the bears pocket if we can crack the neckline. I believe if the neckline breaks we could see 50 - 130 point drop on the emini. This would validate my prediction on the spx500 to selloff. This neckline will tell us major signs of what happens next in the market. Stay...
🥇Day 3 of scalping the markets for 5/5 100% winners! 💰💰💰 I think I'm really starting to fall in love with scalping the markets. I have always been a longterm swing trader and mainly focused on cryptocurrency. I believe that every market has it's own story and operates in it's own way. Cryptocurrency is a completely different market that never sleeps and has it's...
going to be watching what happens at the retest of 3200 area - we could still have a c wave down to complete this 4th wave, before starting the 5th wave. currently targeting at least the ATH of 3400. higher targets at 3500 and 3675
🥇 Day 3 trading the emini futures contract with our custom trading system the ema dots and the Crossover strategy. 3/3 big trade positions all winners! Up $7500 in less than 2 hours of trading total! I will update below here in a second. ⬇️
🥇 I'm going to walk you step by step how I used our trading strategy to win big within the last hour trading the emini futures contract. Updating down below to show smaller time frames... ⬇️
🥇 I get a lot of people ask me, "Can I use your strategy and indicators on lower timeframes?" Absolutely YOU CAN! 👍 I want to walk you through how I capitalized on big gains before the market open on the emini futures contract. One of my big main focus as of lately has been on quick scalping in the futures market. Getting on the right side of the trade get a...
Always keep things simple. As you can see here with the 50 range bar chart for e-mini futures, when the 9 day EMA (green) crosses above the 20 day EMA(red), price direction is clearly defined. Using range bars gets rid of a lot of the noise associated with time-based charts, and keeps other time frames from invalidating your ideas making you miss out on good...
Hi S&P500 Lovers, we wait for a price action in this strong sell zone for example double top or head and shoulders pattern, wait for the breakout of the neckline . My Best Entry Price is Between 3250 and 3300 Our Target is 123.6 Fibo Extention Level PS: This is Not a Financial Advice
the chart shows the E-mini s&p 500 in daily; the market keep going up that what we can see due to the pitchfork retracements
There is a high probability that ES will fall down to the next support level after hitting a strong resistance level.
This major resistance has held 5 times in the last 2 years and broken once support once before it broke down upon the outbreak of Covid. This line also coincides with the 78.6 retracement which according to Elliot wave theory means that if we break this line we are going back to all-time high's. Who knows what this market can do with all of the liquidity...
Hello traders, Description of the analysis: H4 strong s/r zones. There is high probability reactions from these levels. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that...
AMEX:SPY , NASDAQ:AAPL , TVC:SPX -- There's now also an ascending wedge on $ES_F that correlates with the FIB level as well as the top trendline... Long til there, then short for a dump
Thought today we were breaking the turn around pattern by moving up early in the day. Well that got changed around when the announcement of the failed GILD treatment came out. We are still holding the pattern as of now. It looks like we could see 2714-15 first, then 2640 to hit that 38% fib retracement. Wondering if we will bounce around that area for a while...
If today is the top of the corrective wave, then we can establish a Fibonacci extension from the all-time high, to the most recent major low and then to today's top. The 0.786 Fibonacci extension level is within the same value area as some important prior market swing lows. A new Impulse Wave lower over a 49-day period towards the 2k value area is a very likely...
$ES_F $SPX $SPY -- 15 min chart inverse head and shoulders into overhead resistance. first h&s already breaking out
All description on the chart. Please, don't forget to like and follow. Thank you.