ES Breaking consolidation channelJust a couple notes going into the next 24-48 hours.
It's likely we move up into 4250 (ES, not SPX) in the next day or two before we start a decline.
Watch for a 5 wave pattern down and expect that may be the beginning of a larger decline and catch the 3 wave pullback.
Keeping it simple today. Market opens soon. Trade carefully!
Cheers!
Futurestrading
DAX: Approach to Resistance Area... how to trade it?Hi everyone!
The main trend on DAX is bullish so if you think about a short trade, it is not possible to anticipate the market/signal so it could be interesting to wait for a first bearish leg development on intraday chart and try to take a short position using the potential technical rebound (wave B) with stop loss above wave A (Top):
If there is no pullback, the next bullish target is around 16.230 area.
...trade with care! 👍
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Cheers!
Daily TF Breakout Alert🔥What's up guys! Today I'm sharing a new alert we've got on EOS crypto coin!
The coin still in range but we've got a beautiful kumo breakout which is a perfect Ichimoku Cloud set up! Please be aware breakout can always be false so make sure to set a proper stop loss and manage risk accordingly. I'm just here sharing whenever I see a breakout set up I like!
D1: Ichimoku Cloud Breakout from bottom to top piercing through. Extremely tight stop loss on D1 which makes it very attractive to enter! All lines pointing upwards!
H4: Series of HH and HL coming into resistance, you can wait for price to break 1.221 to enter or set it as target if you will.
H1: It's creating a bullish pattern about to breakout even ATR is silent about to breakout strongly at any moment!
All good for now! I've set target profits on D1 but you can do the same for lower timeframes on H4 and H1 accordingly.
Happy trading, stay shiny 🔥
Waves pumping! Bullish control yess 🌊Beautiful DEFI project! Now let's get onto the Ichimoku Cloud Analysis:
1D: We've got a strong Kumo Breakout set up! It broke out resistance 2.6 with strong momentum upwards piercing the cloud from bottom to top which is the perfect Ichimoku Cloud breakout set up!
4H: Right now we've got super strong bullish momentum with all the lines pointing strongly upwards even the long term ones so this is really best time to buy. Kijun sen, tenkan sen, senkou span A and span B and Chiko pointing strongly upwards!
1H: Follow strongly and clearly the top 2 higher timeframes mentioned above so this is a great set up. Now, we are going to monitor the long term trade in the hourly chart to take profits accordingly or/and riding the trend either with a trailing stop or just let it run with a wide stop so it's up to you and your trading style.
How to enter : Place stop loss below the cloud as indicated and as for take profits dive into the hourly chart to partially close as soon as targets are met when they hit a strong resistance. I've marked the possible areas where the selling pressure would step in and we don't know yet how strong they could be so stay alert to these areas to take profits partially or fully in case of a reversal. Please, never risk more than 2% of your total capital!
Happy trading and stay shiny 🌊
MANAUSDT SWING LONG Here are the fews points i am looking for this chart
1.Price showing us deep pull back breaking though last uptrend swing low
2.Price showing us a new strong momentum to the upside
3.We can compare those down wave to the new up wave , very clear that buyer are taking control
4.Price start to consolidate and holding up the FIB 50% level (showing us price are strong to buy )
5.We need to see price break out in strong momentum bar before we entry (maybe restested )
6.Remember we are buying new higher high make sure moved you stop loss to breakeven when you are in profit about 1-1 risk and reward
7. Target : no Target (trend following )
S&P Futures in Muddy WatersAfter breaking thru a contested 4006
Sellers made several attempts at bringing the price down. These attempts where rejected at 3969
Unable to maintain the selling pressure, buyers took the initiative and broke 4006 stablishing a High in this uptrend around 4028.
This leaves us with the Range that will be tested form 4026 to 3991.
What might determine this is the price's ability to stay above 4005. If we are seeing a small pullback we might expect a bounce here at 4005 to 4018 and an eventual 4026.
A breach of 4005 and continuation it is expected price to reach 3898 with the possibility of visiting 3990 once again.
All in all this might be a wide trading range and should be addressed according to your trading strategy.
Long US 5s30 Yield CurveThe US Government Treasury 5Y vs the US Government Treasury 30Y is now back above inverted levels and will continue this path as the FOMC hawkish rhetoric and major policy error will drive the US into a recession this year. It is in our opinion that this trade will move from inversion to +100bp as the FOMC pivots, equity markets falter and the FOMC stops their QT and stops Mortgage Back Securities and US Treasury roll offs. In a fiat fractional reserve system the current set up requires continued fiat printing or QE in order to keep asset prices higher. Also inflation is transitory and stemmed from the fiscal direct payment stimulus post Covid. We will see wage pressure come down, debt service go up and a tighter economic environment. All of this is telegraphed already in leading economic indicators. We believe this trade has a better than 5 to 1 payoff structure, risking -25bp to make 125bp.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS- Trading is risky and may involve leverage, Magnelibra or any of its affiliates are not suggesting in any way to guarantee any profits or against any future losses. Trading should be done by well capitalized and individuals well versed in quantifying risk.
What do we think of ALICE?Here is a potential long...
I use leverage and do not give financial advice.
Levels are marked on the chart for buy stop/loss and take profit.
So this all depends on Bitcoin, BTC is in a similar situation coming down for a re-test of a previous resistance flipped support...
Also increasing volume and the decreasing price is a negative divergent so that's always good, add in the small strength gain over USD things are not looking too scary.
ICICIGI - ACCUMULATION OR DISTRIBUTION?NSE:ICICIGI
ICICIGI formed a good trading range.
its been consolidating for 25 days now with a total volume of 10.5 Million shares.
Big players are getting it ready for a big move as they are slowly building positions in the stock.
I will watch for a breakout to the one side with above-average volume.
#Breakout levels are marked on chart
Use position sizing according to your stop loss level.
Like this idea if you find it helpful and please share it with your friends.
Keep learning,
Happy trading.
Thank you.