Futurestrading
RVN/USDT Descending triangleWe can see a descending triangle on 4 hour chart of RVN/USDT (Binance).
DESCENDING TRIANGLE has bearish reversal interpretation.
If it breaks it support line it will breakdown to the marked point.
Red lines represents major resistances while green are showing major supports.
We can clearly see 2 valid taps on resistance line and support line inside the formed triangle.
Dial indicator showing ( Bought indicator ) means that the current volume is at sell signal.
Learning 500The feeling of how important my losses were last week with assumptions of where the market was headed instead of being patient. What I learned most is my discipline to stick the strategy definitely needs some fine tuning. So this week the focus and trades will be based upon the four charts.
Price appears to be fighting heavy resistance, retesting the 50 Ema?
NQ Trade Plan (3/18)-(3/19)🔸 Leaning Towards Bullish after we see a pullback near 13140 previous resistance before pushing higher.
🔸 NQ Long Above 13175, PT @13250's, 13284 (Yesterday's High), 13350-13370's.
🔸 NQ Short Below 13134, PT @13100, 13000, 12938.
🔸 Make sure to wait for confirmation before entering.
ES Trade Plan 3/12Hello Traders, ES has had a nice rally up this whole week and nearly touch ATH once again. Overall very bullish as long as we continue to trade above 3865 to eventualy retest previous ATH and push into the 4000's that everyone wants to see. I would like to see a healthy pullback to 3900-3901 before we push higher at another attempt to break ATH.
Short below failing to break and hold 3935, PT @3911-3910, 3900-3901, 3892-3893
Long after a healthy pullback that we need to continue higher. Entry @3901-3900 after confirmation of reversal. PT @3920-3921, 3933-3935, 3958-3959 (ATH)
Or breaking and holding above 3935 for a quick retest of yesterday high, PT @3945-3950, 3958-3959 (ATH)
Algo makes me happy. ALGOs are here to stay. They obviously cannot be taken for granted. One thing I tell friends that purchase an Algo in the form of a Tradingview Script, is that it will help their trading decisions and confirm technical Analysis made by them.
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Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only. You can use the information from this post to make your own trading plan for the instruments discussed or other instruments. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
US30 Idea NY Open Session: Selloff imminent? Confirmation Checklist
- Time of Day anticipating volatility to bring us lower through out this week
- Looking for entry at/above weekly opening price
- Higher time frame divergence between US30/Nasdaq/SPX
- Clear targets where liquidity could be resting
- Imbalance
- Broker data feed gap near entry
- Intraday time frame big money foot prints
- Look at the Futures/ETFs for further clues
Anticipating more bearishness on US30
Interested in selling at/above this weeks open price (31482.6) for the best possible R:R
Maximum risk parameter I am considering is 31591 at this time
Targeting
1) 31200
2) 30820
If/when these targets are achieved, will reevaluate my bias on where price may be heading next
This is my opinion on what the market could do. This is not financial advice. Trading with real money involves risk.
Ding 3960 - Short term correction likely - Be careful
The market is now sitting at the top of the channel we've been trading since the $TSLA inclusion.
$SPX $SPY $ES
That's a 6% run since the events surrounding $GME.
Any higher and we're in euphoria land. I'm expecting a correction to 3900, or a fast visit to 4000 with an elevator down.
GOLD TRIANGLE REVEALED - OVERALL SHORT - KEY POINT- GC1! - DAILYThanks for the likes and shares. I really appreciated it, hope to help you the best to have another vision of the market acting as a support idea.
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Can you see how overall trend reveals what is probably going on.
As I like to make it simple for you, there is no hazardous moves.
See how the bleu up trending line and the red down trending one are meeting each other perfectly on the horizontal orange line.
-The blue up trending support line is the most important line in this graph. Probably the best area the enter long from that point.
-The red down trending resistance line is maybe the strongest ceiling on the gold price right now. The price has failed with very important and violent decrease in price following right after the failure to break. It is probably the best place to sell from.
- The orange line is likely to act like a gravity center until the end of the triangle, or, even little bit before the end. From that that point you will probably use your own judgement in how to follow the trend. The orange line could be called "the pullback zone" for the moment but it could become "the breaking point" that will lead to a clear run to the bottom blue up trending support line.
Hope that gave you a bit of insight on what I am thinking about the gold at the moment. Any link with the pandemic? Maybe, but I prefer to look only at the charts. For the moment, I would probably be waiting for best moment to sell it.
M2K set up for a super rare 4:1 R:R and possible crash!The Russell Micro is set up with a SUPER rare short opportunity here and possible crash. The 4H has made its third trend lower is under it's VWAP from highs and has put in a doji on the lows. The trade here is a pullback to 2065.5 with a stop at 2085.5 target at 1980 giving a 1:4 risk to reward ratio. I haven't seen a short setup like this in US equities in a VERY long time... as in, August 2008.