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NQ1 - D1 - 50% FIB RET FILLED @ 14883Volatility seen yesterday inside the triangle pattern; indeed after having been under selling pressure, test of the triangle support line, which finally hold and trigger a nice rebound, in breaking on the upside in reaching a high so far of 14'905, filling on its way up the 50% Fibonacci retracenent @ 14'883 of the former leg down from 15'399 to 14'367. The ETCUSD is also facing its first significant resistance (Tenkan-Sen & conversion line) which coincides with the bottom of the daily clouds resistance too...Watch also the lagging line, which, for the time being, managed to recover above the clouds. Slightly above there is the 61.8% Fib ret ƒ 15'005 ahead of MBB @ 15'065 (good leading indicator, as already mentioned on many occasions in my technical analysis) CONCLUSION : Watch, on a daily closing basis the following levels : ON THE UPSIDE : 15'065 ON THE DOWNSIDE : 14'750 And last but not least, monitor closely shorter time frames... Ironman8848
CME_MINI:NQ1!
by Ironman8848
NQ1E-mini-Futures - D1 - TRIANGLE !Looking at the daily picture, after having broke down the clouds, the Nasdaq 100 fut is triggering, a triangle formation in progress in a new broad bear trend ! Indeed, recent and current price action should be seen as a natural pullback towards the former support area which became now the new resistance to break in order to neutralise, temporary, the ongoing downside price action triggered a couple days ago by a successive of long black candles ! So what are the implications of a triangle breakout : a +/- move of 545 points, targeting respectively : ON THE UPSIDE : 15'315 (roughly the top of the clouds resistance area) ON THE DOWNSIDE : 13'896 (former weekly double top pattern seen in last February-April Interesting to note the 38.2% Fib ret (@ 14'761), of the downside move from 15399 to 14'367, also coincides to the triangle breakout level on the upside ! Last but not least, the Lagging span also failed to recover above this important level... CONCLUSION : Looking at the current price action, the odds are likely for further downside towards the triangle base. As always, monitor closely, shorter intraday time frames to get more clues which will help you to act accordingly. Have a nice day :-) Ironman8848
CME_MINI:NQ1!Short
by Ironman8848
5
NASDAQ Same Bearish Price Action, Watch for sell Hello traders: Very similar price action development like SPX, here on NASDAQ its forming similar structures that could lead to the bearish move we have been patiently waiting for. We can see price has been correcting in the al a larger ascending structure for quite sometimes now. Very similar like previous price action before Covid drop. Latest price has a quick move to the upside, hitting the top of the HTF structure, but failed to continue higher. Instead what we get is a reversal correction at the top, and if we get a confirmation reversal with a bearish impulse on the lower time frame, that could lead to the HTF move as well. Be on the lookout for the last confirmation on the LTF, bearish continuation correction after the initial push down would be the ideal entry. Thank you
OANDA:NAS100USDShort
by jojofang0901
49
SPX Third Time is a charm for the sell Hi everyone: Its always a good idea to have our weekly outlook on the market so we can prepare for any kind of development. Here on SPX, the previous 2 analysis I had all had the lower time frame bearish move down, but just wasn't ready to continue its bearish impulse phase further. As price reverse up correctively and continue to develop the current price action structure, which is an ascending channel pattern. As we know ascending structures are reversal in nature, and there's good probability we can expect the same price action that has formed before Covid to have a higher probability of playing out. What we can look out for this week is to wait for a clear lower time frame impulse down, breaking out of the ascending channel. Then be on the look out for bearish continuation correction to form and complete, then look for the entry down to the next low as a potential target. Thank you
OANDA:SPX500USDShort
by jojofang0901
48
SPX500 Prepare for reversal down Hi everyone: Similar approach like DOW JONES, as we can see the similar bearish price action here on SPX. Price has been in the higher time frame ascending correction for quite sometimes now. Few attempts to impulse down and breakout structure, but none has been able to. As we know, price action can continue its consolidation phase for a long time, and its important to be patient and wait for the right setups to form. Latest price formed a smaller ascending structure, and seems like price is breaking down now. To confirm the downside, be on the lookout for LTF bearish correction before entering any sell. IF price does push out of the HTF correction, then watch for further correction to develop and push price further. Thank you
OANDA:SPX500USDShort
by jojofang0901
37
DOW JONES Watch for reversal bearish price action Hi traders: Last week we saw some bearish price on the lower time frames on the indices market, and this week would be nice to see further downside to confirm the higher time frame bearish outlook. Here on DOW JONES, a larger, deeper correction is formed. We see a clear double tops in the marking, and on the LTF there is a potential of a reversal correction. What I would like to see price this week is a confirmed push down on the LTF, forming any small continuation correction along the way, and break previous recent swing lows. Once price does indeed do that, then expecting the HTF correction to at least complete to push down the price to the bottom of the structure, and re-evaluate to see if we are going to see further breakdown, or a possible bullish reversal from the bottom. Thank you
OANDA:US30USDShort
by jojofang0901
24
U.S. Indices Price Action Market Outlook (S&P500, NASDAQ, DOW)Hello everyone: Many have asked me about my outlook and analysis on the US indices currently, so let's take a quick look at them. My overall bias on the indices are bearish. There could be some lower time frames bearish price action to give us confirmation of the bigger sell setups. All of them are pretty much sitting at the top of the overall higher time frame price action, so certainly has good probability that we can get some bearish reversals. I will go over them from a mid-long term approach. Once again patience is key, if the bearish price action does not develop or continue, then no trade and entry, move on to other opportunities and different scenarios. SPX NAS DOW Any questions, comments or feedback welcome to let me know. Thank you Jojo
OANDA:SPX500USD
by jojofang0901
49
NAS100 SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair. Watch strong action at the current levels for SELL GOOD LUCK! Great SELL opportunity NAS100 . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
OANDA:NAS100USDShort
by BULLSS1993
3
France 40 Ascending Channel - Long PositionFrance 40 Ascending Channel - Long Order Entry: €5,668.1 TP & RR: €5,760.5 (1.89) Stop Loss: €5,619.3 REASONS FOR THE TRADE Again, this is a trade that I would like to take, but will not due to already having enough positions. However, I am sharing this idea for those of you looking for a trade setup, especially if you are trading FR40. This is a similar ascending channel to a recent trade idea I posted on Oil (from yesterday). I am expecting the price to slide up and then do a move up, at least forming a double top and possibly reaching the upper trendline. Further, I am seeing a crossover on the Market Flow indicator, so I believe the bulls have enough strength to push the price up. The Stop Loss is set just below the recent low. Generally speaking, if it breaks down from the lower trendline then I would be looking to close the trade since that invalidates the initial setup.
OANDA:FR40EURLong
by Quant_