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Retracement Near for Stocks?Stocks are bullish, but their trajectory is waning. The Kovach OBV is still strong but has been leveling off. This is usually an indication that we will get a retracement soon. The level 3738 seems to be providing some resistance and we won't be able to break through without some significant momentum. If we can, the 4000's are in sight and 4009 is the next target. A retracement here could be swift and take us to 3887 or even 3867. The neckline of our inverse head and shoulders should provide further support at 3848.
FX:SPX500Short
by quantguy
Bull Breakout for the S&P??Stocks are looking pretty bullish lately. There is a clear bull channel and the Kovach OBV is very strong. We appear to be forming a bull wedge consolidation pattern, suggesting that a further breakout could be approaching. If we are right, a breakout could easily take us back to 4000's. If we are wrong we could retrace the entire move and find support at the neckline of our head and shoulders pattern from earlier this month. Further fallout could take us back to the level which constitutes the head of our inverse H&S pattern at 3737.
FX:SPX500Long
by quantguy
NAS100 - longs running 📈🚀Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. This isn't one of our main timeframes, but I'll be doing more testing on the H2 chart over the weekend. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM . The stats for this pair are shown below too. Thank you. Darren
FX:NAS100Long
by pow_removetheguesswork
S&P Failed Breakout??The S&P broke out from our inverse head and shoulders pattern, but faced resistance at the trend line which forms the upper bound of our pseudo-megaphone pattern. If we can't muster the momentum to continue the breakout, then this is a bearish sign and the S&P could retrace all the way back to 3737. If momentum picks up we can easily hit 3909, a technical level and a Fibonacci Extension level from Fibs anchored on the inverse H&S. The Kovach OBV has dropped off suggesting weakening momentum
FX:SPX500
by quantguy
Inverse Head and Shoulders in Stocks!!The S&P has found support off of the lower bound of our pseudo-megaphone pattern. We appear to be forming an inverse head and shoulders pattern with a neckline at 3848. We are currently forming the second shoulder, and it would be wise to wait until we fully form it before preemptively trading it. Our next target would be 3886, which is the intersection of the upper bound of that pseudo-megaphone pattern and a technical level. If we are wrong, 3792 should provide support
FX:SPX500Long
by quantguy
Long on TSLA is ON! But be wary...Hello Traders! Here is my first post on an equity and it might as well be Tesla, followed by a GME post coming up lol While the dump has been significant, the reversal at Long Entry 1 is a good sign. We shall see what occurs soon. Here are some key levels - Entry 1: $547.28 Entry 2: $ 463.90 Directional Stop: $401.01 Target: $1067.34 While the long setup is activated, I am going to be paying attention to overall economic conditions in the coming weeks. The printing press is being fired up once again! Happy Trading, always manage risk. Quality in trading is the ability to react to one's own psyche
NASDAQ:TSLALong
by SmileyTrades
Bond Yields Still Hammering StocksStocks retreated from relative highs and the upper bound of our pseudo-megaphone pattern, which has been holding for over a week now. We found support at the lower trend line which formed the lower bound of the pattern. The Kovach OBV is still extremely bearish and the recent jump in bond yields will further entice investors to diversify and sell some of their stock positions. Watch for stocks to hug the lower bound of the megaphone pattern and potentiallly break down further. If so, watch 3694, 3676, and 3658 for support. If stocks get a sudden burst of momentum, we have a bit to go before highs or the upper bound of the pattern, and there are three levels in the way which have proved significant in the past: 3792, 3810 and 3825
FX:SPX500Short
by quantguy
Stocks Gearing Up for a Breakout??Stocks appear to be coiling up for a breakout. We had some wild fluctuations the past few trading days, but we are currently seeing a consolidation just under the upper bound of our pseudo-megaphone pattern. Recall that this is not technically a megaphone pattern which requires higher highs and lower lows. However it does obey the spirit of the pattern which is an increase in volatility. We are currently hugging the trend line at the moment, and may form a bull pennant before another breakout. It is also possible to see one more test of lows, so watch what the momentum is doing at open. This will give you a hint. If we reject those highs, 3867 will provide support and then 3848. If we break this level it is likely to test the lower trend line of the pattern again. The levels 3927, 3938, and 3962 are targets to the upside.
FX:SPX500Long
by quantguy
3
DJ30 - running blue 👍Entry details are shown on the chart. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out do they. Also, see my 'related ideas' below to see more just like this. Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM . The stats for this pair are shown below too. Thank you. Darren
ULong
by pow_removetheguesswork
4