This weeks ES Update: THE RIPPER CAME TO RIP As we were on point last week if you followed, you made roughtly 212 points with 2 MAE. Nice job.
For this week look for a short term top to form. Simple going into todays open and tomorrows RTH open: Beak above ATH and it runs more. Most likely we will see a pullback of at least 100 points by the end of this week to set up the November rally. I'm expecting an overshoot of the highs either on Monday or Tuesday (4570 area) to then hang around until Tuesday/Mid-Wednesday then we go down down down to reset all you people who use RSI, arts and crafts lines, etc. Drop below Fridays lows is where you see a drop to the 8-Day. Once we lose the 8D we start our descent to the 4450 area where we should see an overshoot to 4437 (remember that old POC we blew threw?)
Futurestrading
$ES1! - THE BULLS ARE BACK IN TOWN!!ES Futures setting up for an explosive week!
In light of the fed meetings last week among other international nuisances, we saw a whipsaw last week in the S&P 500 . Multiple things came to fruit though, and I believe the S&P500 is gearing up for an explosive move up. First of all, we had a break below and test of the 50day moving average, which failed to move lower, the 50D MA has proven to be a reliable support this year. The fact that price closed with multiple daily candles below the 50day AND the long term Trend Line AND STILL the bears still FAILED to gain momentum and push lower is a HUGE sign that we are still very much bullish . This is a great case of "when what should've happen doesn't." Not only that, but Fridays daily candle ended with a spinning doji with the tail stabbed into the 50day MA, and the body above. I mean, if I was short right now id be shitting my pants...There's also a cup n handle forming on the 30m chart. As a stock trader it's your job to remain objective when looking at a chart, but there's really no bearish signs presenting themselves at this point. We had a break below major supports that failed and then a complete re-cross back up, feds left interest rates unchanged... This is too good. I've already entered heavy positions LONG. Cheers to a good week ahead, and remember if you're short, bring extra diapers--because this could be a shitty week for you!!
ES1! / S&P500 / LONG / The Market Has Taken it's BreadthThe market has taken it's breadth, and we move ONWARD!
Multiple Bullish signals present for the upcoming trading week.
-Daily Candle closed above the 50day MA
-Classic inverted H&S Pattern
-Profit Target 1: set at 4528.75, this level holds confluence with resistance + prior trend line.
-Profit Target 2: set at 4596.50, this is the price target of the inverted H&S pattern.
This trade will probably play out in 2 separate trades, I have entered at $4460, stop loss set at 4450. I will hold these contracts until PROFIT TARGET 1 is met, selling at that level and watching it closely to see if it can break resistance. IF resistance is broken, I will enter again and aim for PROFIT TARGET 2, selling there. Profit Target 2 may be adjusted based off the price action I see after resistance is broken, but for the time being that's where it's set.
WHEN THE MARKET IS GIVING CLEAR SIGNS, LEAVE IT SIMPLE. THERE IS NO NEED FOR AN IN-DEPTH ANALYSIS.
ES_F Daily: Our Journey to the OH MY MODE ZonePretty easy to see with ES_F that we will most likely gap up to 4479 and initiate a pullback to the 4426 value area this week. That area should hold and chop for a day or two before going again for the OH MY MODE Zone. Once in this zone, ATH on the way and 4600. Love a good bull run.
Gold Futures - Technical Levels
Gold tops out after printing a ATH back in August 2020 and then
Trades within a descending channel printing Lower highs and respecting the top and
bottom of the channel to contain the price action .
A strong break outside of the channel in August 21 followed
by a back test of the top of the channel in Sept and a healthy break
to the upside after Inflation reports at 30 year highs .
This leaves PA currently sitting at the POC, close above this region and we may test the next
resistance or close below and we have the marked supports in chart .
See my other chart on the DXY index ..linked below
Know your Invalidation and Trade your Plan , I hope this gives you some insight .
Nifty Futures Key Trading Levels for 13th Oct 2021Nifty Futures Key Trading Levels for 13th Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
FTM USDT: WILL THE PRICE TOUCH THE $1.53?Hello everyone!
Welcome to this Analysis on Fantom and the possible future movements that it can make, recently Fantom broke a bearish channel at the top of the giant bullish channel, normally, this type of structure means a bullish continuation sign, but this time I have seen many bearish confluences that can lower the price.
Personally, I would say that you are going to make a bearish push to a low of $ 1.98, but remember that this market is quite unpredictable and be prepared to enter it with the trend as your friend and not your enemy.
Good luck!
Important Targets:
Bullish: $2.45 / Trendline (≈$2.53)
Bearish: $1.98 / $1.87 / $1.73 / $1.53
Bitcoin's Bullish scenario Hey Guys
I see that there's a FOMO happening, every one's talking about $100K Bitcoin and there are people out there deciding to buy BTC or add more to their wallet.
But wait, JUST buying is not that important
The more important thing is " WHERE TO BUY? "
If you're going to buy BTC on $50K, Believe me it doesn't make sense!
Bitcoin is now forming a ascending triangle, YES!
But wait to see if it's gon break the pattern or still keeps playing INSIDE it!
You see the chart I've shared, that's the bullish scenario that BTC breaks out of every resistance ahead and shoots for 100K.
This MAY happen IF BTC closes the daily candles (today or tomorrow) above the triangle.
But I'm not so sure that this happens (I feel it needs more correction and more buyers to pump)
I will share some more possible and realistic ideas in the updates or in another idea
thanks for reading this, let me know what YOU think ;)
Nifty Bank Futures Key Trading levels for 5th Oct 2021Nifty Bank Futures Key Trading levels for 5th Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together
#ES_F 10/1Shorting the bounces and looking for a reaction at these support levels before thinking about any long positions.
Levels of interest:
50 DMA – 4435
Reverse Fib – 0.5 = 4365, GP = 4390.75/4397.50
Resistance 1 – 4322
Resistance 2 – 4334
Resistance 3 – Upper trendline (see chart)
Support 1 – 4258
Support 2 – 4238
Support 3 & GP – 4224 (Ideal Long Entry)
Nifty Futures key Trading levels for Oct 2021
Nifty Futures key Trading levels for Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor for before making trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together
Nifty Bank Futures Trading level for 29th Sept 2021Nifty Bank Futures Trading level for 29th Sept 2021
After Trending move on 28th Sept Nifty Bank may remain Volatile or rangebound
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor for before making trading decision.
Futures Levels | Are Rates Ready To Breakout? (ZN, ZB, ZF)Rates look poised for another attempt at a breakout. Can TINA remain our favorite gal if the 10Y gets above 1.5?
Crude looks good, while the Gold blemish continues.
Fed speak after the FOMC with Yellen & Powell testimony this week. The debt ceiling and an infrastructure bill are on tap for Congress. BTC & ETH are holding up, off the lows from last week.
Bitcoin Technical Analysis ~ Scouting Dynamic Resistance LevelsWelcome to our enTHUZed trading community!
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Silver Futures Trade The Range! Longs and Shorts Silver has been in the current sideways range for 410 days and within this time it had printed its ATH of 30$ back in Feb 21.
In August we tested the bottom of the current range to around 22$ with a 11% move to the upside thereafter followed
by a strong rejection at 24.90 to push silver back down to the August range Lows at $22 for the back test.
We are sitting at the bottom of that range so an obvious choice would be to long or you could wait and see what reaction you get
at the levels marked .
I have marked the area you can expect support to step in if this were to reject from 24XX for example and break down from the channel .
If of course Silver claims that level 23.90 as a support then the middle of the channel will pose some resistances , with the Point of control and the .618 and the middle of channel .
Taking some profits if you are long from the bottom would be a good idea or consider shorts from this region .
Trade the range Until it Breaks was some great advice that I was taught !
Always Know your Invalidation and Have a Trading Plan !
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