Get started

Harmonic Patterns

EUR/USD Nears Key Resistance – Will the Uptrend Continue?📊 EUR/USD Daily Technical Outlook – April 10, 2025 EUR/USD is currently trading around 1.0964, following a strong upward move from 1.0800 to 1.1000. This rally has been driven by strong momentum and a clear break of structural resistance levels. However, the pair is now approaching a critical resistance zone between 1.1150 and 1.1200, which could lead to a potential pullback or reversal. 📈 Current Market Structure: The pair has seen a solid rise from 1.0800, breaking through multiple resistance levels along the way. However, as it approaches the strong resistance area between 1.1150 and 1.1200, there may be some profit-taking or correction. The key question is whether the bulls can push through this resistance to continue the uptrend. 🔹 Key Resistance Levels: 1.1150 – 1.1200: This is the critical resistance zone. If price fails to break above this, we could see a pullback or consolidation. 1.1215: A further key resistance. If price reaches this level and struggles to move higher, it may signal a potential reversal. 🔸 Key Support Levels: 1.0960: Immediate support level. A pullback toward this area could offer another opportunity for buying if the bulls continue to dominate. 1.0800: Major support. A failure to hold this level could lead to further downside and shift the market sentiment to bearish. 📐 Price Action Patterns: As the price approaches the strong resistance zone, we might see profit-taking or corrective moves. It's crucial to monitor how price reacts at these levels to determine the next potential move. A break above 1.1200 could signal continued bullish momentum, while failure could lead to a retracement. 🧭 Potential Scenarios: ✅ Bullish Scenario: If EUR/USD manages to break through the 1.1150 – 1.1200 resistance zone, it could continue its uptrend toward higher levels. A close above 1.1200 would strengthen the bullish outlook. ❌ Bearish Scenario: If price fails to break through resistance and pulls back below 1.0960, a deeper correction toward 1.0800 could be on the cards. A break below 1.0800 would suggest a more bearish outlook. 📌 Conclusion: EUR/USD is at a critical resistance point. Watching how the pair reacts near 1.1150 – 1.1200 will be key in determining if the bullish trend can continue or if a correction is likely. These levels will act as the defining points for the next move. 💬 What’s your outlook for EUR/USD? Will the pair break above 1.1200, or is a bearish reversal imminent? Share your thoughts below 👇
Short
by Saeed966
6
GBP/USD Faces Crucial Resistance – Will the Uptrend Continue?📊 GBP/USD Daily Technical Outlook – April 10, 2025 GBP/USD is currently trading around 1.2696, facing significant resistance near the 1.2800 level. After a recent decline from the 1.3434 peak, the pair has been consolidating, forming a range between 1.2740 and 1.2860. The market's reaction to these levels will be crucial in determining the next directional move.​ 📈 Current Market Structure: The recent price action indicates a neutral to bearish trend for GBP/USD. The pair has formed lower highs and higher lows, creating a symmetrical triangle pattern, suggesting indecision in the market. A breakout from this pattern, either above 1.2860 or below 1.2740, will likely set the tone for the next significant move.​ 🔹 Key Resistance Levels: 1.2800: Immediate resistance. A break above this level could signal a potential bullish move.​ 1.2860: Upper boundary of the current range. A decisive break above this level would confirm the continuation of the uptrend.​ 1.2933: Significant resistance zone. If the price manages to break above this level, it could lead to further gains.​ 🔸 Key Support Levels: 1.2740: Lower boundary of the current range. A break below this level could indicate a bearish reversal.​ 1.2720: Short-term support. Failure to hold above this level might lead to a deeper correction.​ 1.2580: Major support zone. A drop below this level would confirm a bearish trend.​ 📐 Price Action Patterns: The formation of a symmetrical triangle suggests that the market is awaiting a catalyst for the next move. Traders should watch for a breakout from this pattern, as it will likely lead to increased volatility and a clear directional bias.​ 🧭 Potential Scenarios: ✅ Bullish Scenario: A breakout above 1.2860, especially with strong volume, could lead to a rally toward 1.2933 and potentially higher levels.​ ❌ Bearish Scenario: A break below 1.2740 could trigger a decline toward 1.2720, with further downside potential if the support at 1.2580 is breached.​ 📌 Conclusion: GBP/USD is currently consolidating within a defined range, with key levels at 1.2740 and 1.2860. The next significant move will depend on a breakout from this range, providing clarity on the market's direction. Traders should monitor these levels closely and prepare for increased volatility as the pair approaches these boundaries.​ 💬 What’s your outlook for GBP/USD? Will the pair break above 1.2860, or is a bearish reversal imminent? Share your thoughts below 👇
Short
by Saeed966
2
Ethereum Struggles Below $1,700 – Is a Reversal on the Horizon?📊 ETH/USD Daily Technical Outlook – April 9, 2025 Ethereum is currently trading around $1,649, facing resistance near the $1,700 level. After a decline from the $1,800 region earlier this month, ETH/USD has been attempting to find support and establish a base. The market is at a critical juncture, with price action suggesting a potential reversal or further downside movement.​ CoinCodex 📈 Current Market Structure: ETH/USD has been in a downtrend since reaching highs near $1,800 in early April. The pair has formed a series of lower highs and lower lows, indicating bearish momentum. Currently, the price is consolidating just below the $1,700 resistance, suggesting indecision among market participants.​ 🔹 Key Resistance Levels: $1,700 – $1,720: Immediate resistance zone. A break above this area could signal a potential reversal and open the door for further gains.​ $1,800: Previous support turned resistance. A move above this level would indicate a shift in market sentiment.​ 🔸 Key Support Levels: $1,600: Psychological support level. A break below this could lead to increased selling pressure.​ $1,500: Major support zone. Holding above this level is crucial for bulls to prevent further declines.​ 📐 Price Action Patterns: Ethereum's recent price action suggests the formation of a descending triangle, a bearish continuation pattern. The horizontal support around $1,600 combined with descending highs indicates that sellers are gaining control. A decisive break below the $1,600 support could lead to a measured move targeting the $1,500 area.​ 🧭 Potential Scenarios: ✅ Bullish Scenario: If ETH/USD breaks above the $1,700 resistance with strong volume, it could signal a reversal, targeting the $1,800 level. This move would require a shift in market sentiment and increased buying interest.​ ❌ Bearish Scenario: A break below the $1,600 support could lead to further declines, with the next target around $1,500. This scenario would confirm the descending triangle pattern and suggest continued bearish momentum.​ 📌 Conclusion: Ethereum is at a pivotal point, trading just below key resistance at $1,700. The formation of a descending triangle suggests a bearish bias, but a break above resistance could invalidate this pattern. Traders should monitor these key levels closely and watch for a decisive move to determine the next directional bias.​ 💬 Do you think Ethereum will break above $1,700, or is further downside ahead? Share your thoughts below 👇
COINBASE:ETHUSDShort
by Saeed966
Bitcoin at $83K – Is This the Calm Before the Next Surge or a TrBTC/USD Daily Technical Outlook – April 9, 2025 Bitcoin is currently consolidating just below the psychological $85,000 level after a historic bull run that pushed price to fresh all-time highs. The market is cooling off — not crashing — with price action forming a high-tight flag, often a continuation signal after a vertical move. However, with momentum slowing and volatility compressing, traders must prepare for a major breakout or breakdown in the coming days. 📈 Trend Structure: BTC/USD remains in a strong bullish trend. Since the breakout above $69,000 (previous ATH from 2021), the rally has been aggressive and directional — barely giving bears a chance to breathe. Price has formed a series of higher highs and higher lows, respecting a steep ascending trendline since early February. But now, the pair is coiling near the highs, forming a tight range between $80,000 and $83,500. 🔹 Key Resistance Zones: $83,500 – $85,000: Immediate resistance; this area has capped price multiple times in recent sessions. A daily close above this zone could trigger the next leg higher. $88,000: Near-term bullish target based on measured move from recent consolidation. $90,000 – $92,000: A psychological milestone — and a possible magnet for price if bulls break out cleanly. 🔸 Key Support Zones: $80,000: Round number support — the floor of the current consolidation. $76,500: Previous breakout zone and minor demand area. $72,000 – $74,000: Major support and ideal re-test level if BTC corrects — where many sidelined bulls are likely waiting to buy in. 📐 Technical Pattern: Bitcoin is forming a high-tight flag — a bullish continuation pattern typically found after strong vertical rallies. The range is tightening, volume is dropping, and volatility is compressing — classic signs that a volatility expansion is coming soon. A breakout above $83,500–85,000 would confirm the flag and likely ignite a sharp move to FWB:88K or higher. On the flip side, a breakdown below $80K could send price to retest $76.5K or even $74K — which would still be healthy within the broader trend. 🧭 Scenarios to Watch: ✅ Bullish Scenario: A breakout and daily close above $85,000 would confirm the continuation pattern, targeting $88,000 first, then $90,000+. Volume and candle structure will be key to confirming the move. ❌ Bearish Scenario: If price fails to break out and instead drops below $80,000, a correction could unfold toward $76,500 or even $74,000 — presenting a potential re-entry opportunity for long-term bulls. 📌 Conclusion: Bitcoin is trading near all-time highs in a classic consolidation phase. Price action favors the bulls, but the breakout hasn’t confirmed — yet. Whether BTC breaks above $85K or drops below $80K will likely define the next major swing. As always, let the candles tell the story — and don’t chase, wait for confirmation. 💬 Are we about to see Bitcoin above $90K? Or is this distribution in disguise? Drop your thoughts 👇
BITSTAMP:BTCUSDShort
by Saeed966
3
Are getting strong 4 long lol??✅ Summary of Top-Down Analysis: 🟢 Daily (Macro Bias): Bias: Neutral → Leaning Bullish Context: MACD and price both made lower lows (convergence = no divergence, but momentum weakening). Price hit strong support at 16,457. Bullish close post-FOMC + macro catalyst (Trump’s tariff changes) = positive sentiment. Key note: China-specific tariff at 125% could inject volatility, possibly sector-specific. 🟠 4HR: Bias: Bullish Confluence: Higher high in price and MACD = bullish momentum confirmed. Price reclaimed structure after failed low. Approaching last week's POC → possible liquidity grab + continuation. 4HR bullish imbalance could be a key reaction zone (support). 🔴 1HR: Bias: Bullish Context: Clear bullish structure + MACD higher high. Aligned with 4HR bullish flow = continuation potential. 🔵 15min: Bias: Bullish Micro Context: Structure and MACD aligned → price above previous NY POC = showing strength into next session. May look to use NY POC or VWAP pullbacks for entry. 🎯 Gameplan Suggestions: Scenario 1 – Continuation Entry: Look for pullbacks into 4HR imbalance zone or 15m demand + VWAP area. Use MACD + price action confirmation for entry (e.g., engulfing, break of lower highs). Targets: swing high above 4HR structure + liquidity zones. Scenario 2 – Reversal Risk: If price shows exhaustion near last week’s POC, especially with MACD divergence on lower timeframes → consider a quick short scalp or stay flat until new structure forms. 👀 Key Levels to Watch: 🔹 16,457 = macro support 🔹 Last week’s POC = near-term resistance/liquidity 🔹 Bullish 4HR imbalance zone (mark this for entries) 🔹 Previous NY POC / VWAP area = short-term entry pullback zone
CME_MINI:NQ1!Long
by martiedirect
Bullish bounce off pullback support?The Ethereum (ETH/USD) is falling towards the pivot and could bounce to the pullback resistance. Pivot: 1,589.64 1st Support: 1,482.06 1st Resistance: 1,757.78 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:ETHUSDLong
by ICmarkets
Falling towards 61.8% Fibonacci support?EUR/JPY is falling towards the pivot which has been identified as a pullback support and could bounce tot he 1st resistance which acts as a pullback resistance. Pivot; 160.52 1st Support: 159.67 1st Resistance: 162.16 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bullish rise?EUR/GBP has bounced off the pivot and could rise to the 1st resistance which lines up with the 50% Fibonacci retracement. Pivot: 0.8524 1st Support: 0.8493 1st Resistance: 0.8589 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bullish bounce off pullback support?AUD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is an overlap resistance. Pivot: 89.50 1st Support: 87.82 1st Resistance: 93.06 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bearish reversal?AUD/NZD is rising towards the pivot and could reverse to the 1st support. Pivot: 1.09400 1st Support: 1.08854 1st Resistance: 1.10183 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
ETH USD🧠 Ethereum’s Cycle Is No Mystery 📉 Dump → 🔁 Consolidation → 🚀 Pump → Repeat? 📊 Cycle Breakdown: 📌 Pump → Dump → Consolidation (CON's) ✅ Pattern repeated since 2018 ✅ Consolidation zones are launching pads ✅ RSI mirrors this exact behavior every time 🔎 Now sitting inside a Fair Value Gap (F.V.G) and RSI bonus back area ⚡️Current Signals: 🔹 RSI is bottoming in the same bonus zone as before major moves 🔹 ETH price sitting on vertical support + FVG zone 🔹 Last time this setup formed? ➡️ 🚀 ETH went from ~$90 → $4,000+ 🏁 What to Watch Next: ‣ Breakout from current RSI range ‣ Retest of $1,400–$1,500 support ‣ Next potential targets: $3,000 → $4,100 💡 History doesn’t repeat—but it rhymes 👀
CRYPTO:ETHUSDLong
by ProfessorXtrader
Bullish rise?MZD/JPY is falling towards the pivot and could bounce to the 1st resistance. Pivot: 82.77 1st Support: 81.64 1st Resistance: 84.63 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Potential bullish bounce?NZD/USD is falling towards the support level which is a pullback support and could bounce from this level to our take profit. Entry: 0.5613 Why we like it: There is a pullback support level. Stop loss: 0.5551 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci retracement. Take profit: 0.5707 Why we like it: There is a pullback resistance level that is slightly below the 161.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Could the Aussie reverse from here?The price is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.6206 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 0.6321 Why we like it: There is a pullback resistance level. Take profit: 0.6067 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Bearish reversal off pullback resistance?USD/CHF is rising towards the resistance level which is a pullback resistance that is slightly above the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8617 Why we like it: There is a pullback resistance that is slightly above the 50% Fibonacci retracement. Stop loss: 0.8673 Why we like it: There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement. Take profit: 0.8478 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Bullish bounce?USD/CAD is falling towards the support level which is a pullback support that is slightly below the 161.8% Fibonacci extension and could bounce from this level to our take profit. Entry: 1.4047 Why we like it: There is a pullback support level that is slightly below the 161.8% Fibonacci extension. Stop loss: 1.3993 Why we like it: There is a pullback support level that lines up with the 78.6% Fibonacci projection. Take profit: 1.4159 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group. Take profit: 1.4159 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us!
Long
by VantageMarkets
We Now Have Conditions for Limit Down Days in SPXMassive intraday pop today but it did not manage to advance much past the last high. The size of the move today means if we had a big one day rejection of it that would now be a limit down day. Which this specific thing does not have to happen (could down trend over a few days) break the low in this setp would give a strong case for limit down days to come. It's not a term I use loosely. In an optimistic outlook today we have a bullish wave 3 and the foothills of a new uptrend (or at least bull trap). But if today rejects and turns out was a big bull trap - then we'd be about to head into the crash section of the move. If you think it's been crashy so far - know that the second half is not slower than the first.
SP:SPXShort
by holeyprofit
45