Get started

Levels

EGLDUSDT is testing the 0.618 Fibonacci levelThe price is creating a double top on the weekly resistance at 64$ and the market got a rejection from it. Athe the moment the price is trying to hold the 0.618 Fibonacci level as support. How to approach it? IF the price is going to lose the local support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
2
BTC Wednesday 20thBINANCE:BTCUSDT BITSTAMP:BTCUSD The arrows indicate every time I read a post or an article saying "Bull market is BACK Baby!!!" For a day trader, bull, bear, or sideways are irrelevant. I forecast and then wait for entries. Bright Green lines are points where to expect a test-reject or test-retest-breakthrough. When you see the price test a Green line, it's time to switch to lower timeframes. At the moment the Price is inching upwards in a channel created around 17th of June. But BTC is still in a long term Downward channel. It is important to pay attention to confluences. If the price manages to break 24200, the Daily Resistance, Golden Pocket and the channels crossing is the area where I'd expect a lot of volatility. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
by WhoIsWu
META: downtrend continuation or reversal?META is down almost 60% in the last year and it looks like there are two possible outcomes from here. Bullish scenario: The current pattern is generally bullish and typically anticipates a significant trend reversal. The Sentiment Index indicator shows a weakening in the Bearish Sentiment which could indicate that a more bullish sentiment could come next. Bearish scenario: The price is currently pushed down by two major resistances and any bull attempt must be able to break up both. A breakdown of the Bearish Sentiment trendline (blue trendline at the bottom) would indicate a strong trend continuation to the downside. Given the overall market condition, it is likely that META will move according to the macro-environment, however, the two scenarios above outline what to look for. Remember to do your analysis, be patient and always look for confirmation from the indicators.
NASDAQ:META
by a.b
#ES Futures 06.15.22 Daily Plan with LevelsFED Day! What will the market give us today? Yday we were not able to hold our Key Support of 3764.75-3760.50 as we expected because we were under T+2 low and had people trapped from Globex session above, we were able to get below and accept in lower range and we got the test of lower levels down to our next Key Support at 3714.75-3709.75 and as mentioned we needed extra juice to get through that level and since it was almost towards the end of the day when we got there I did not expect much continuation, I did not expect that good of response from there right away either so I didnt trade it but we got what we got. I spent my day shorting from 65-60 area and had myself a great day. Today can be very tricky to trade as all FED days are because lots of eyes are watching and waiting, currently Globex inventory is 100% long from our close, we are inside T+2 range and seems like cleaning out sellers from above our 3764.75-3760.50 level. We have Retail Sales 8:30 and FOMC starting at 2, Key today is to manage expectations and not expect big moves until they prove themselves. - Supports Today: 3747.50-3744.75 is our PM Support and the area of Yday close which will be important and current Key Level at 3764.75-3760.50 as well as T+2 low - Resistance Today: 3780.50-3776.75 is our current PM Resistance then 3791.75-3787.75 and our Key Level of 3809.50-3805.25 also our T+2 high area for today (from RTH not including Globex) is right at our 3825.50-3820.25 level. > On The Upside continuing to hold above PM Support is a sign of strength, our position is currently under us below 3764.75-3760.50 level which if holds today can give us a test of higher levels at 3780.50-3776.75, 3791.75-3787.75 if we get through those I will be watching next Key Resistance at 3809.50-3805.25 which is Prev Day Globex high area, watching for us to take it and hold or take it and come back in or fail to take. We should still have sellers in the market and I do see us testing the lower Key levels again at some point, will it be today or not we will have to see but I am managing my expectations to the upside until those levels start getting taken out and we hold over. > On The Downside getting back under 3764.75-3760.50 will be our first signs of weakness and breaking our PM support will be a better downside confirm for me, if this happens im looking for a test of 3728.75-3725.25, Key Support at 3714.75-3709.75 and possibly a break of that to 3698.50-3695.50, 3686.75-3683.75 and possibly next Key Support at 3671.75-3665.75 to be tested. As Mentioned Fed days are tricky and we can even see both scenarios play out with them running it up to sell their position from below and then dropping the bid or going lower first trapping more people short to give them a push higher. Have to be patient and watch levels for breaks and continuation.
CME_MINI:ES1!
by HollowMn
#ES Futures Daily Overview with Levels to Watch 06.14.22Yday we saw Key Support area of 3764.75-3760.50 hold on the first test, we did make another attempt at it before close and were able to reach next level down so we found acceptance in that lower range. At the close wholesale took in the supply under 3764.75 and used Globex to drive it up and sell higher, Globex inventory was mostly long all night until we found sellers at our Key Resistance of 3809.50-3805.25 and now we corrected it back to the close. Currently we are holding this 3764.75-3760.50 Key Support area and waiting for PPI release at 8:30. Looks like we are again set to open today under T+2 Low which is all the way back at 3896 so I would be very surprised if we dont see more selling today and at least test the lower levels down to 3714.75-3709.75 and maybe lower if we have enough sell volume. We had two days of big moves so set ups might require patients today. - On The Upside continuing to hold this support at 3764.75-3760.50 can give us another push and test of 3780.50-3776.75 and maybe 3791.75-3787.75 those will be the areas to watch for continuation higher and of course to get any real move out towards that gap we would need to see us get through Key Resistance of 3809.50-3805.25. - On The Downside we now have globex inventory built up in this 3809.50-3760.50 range and if we do break below and accept in the lower range then our levels to the downside are 3741.50-3744.75, 3728.75-3725.25 and next Key Support at 3714.75-3709.75. If we have enough juice today we can see us take that and if we do then we will watch lower areas for response at 3698.50-3695.50, 3686.75-3683.75 are the areas we can see response and next Key Support at 3671.75-3665.75.
CME_MINI:ES1!
by HollowMn
1
#ES Futures Day Trading Overview and Levels to Watch 06.13.22Last night before the Globex open I posted weekly overview with important levels to watch and that most likely we will get more downside being we are under the Supply and buyers in the area where we closed Friday might not be as responsive this time around. 3880-72 was our area to watch to the downside, Globex opened on a gap down and right in that area which gave us a sell to the downside pretty much all night with few pull backs. Looks like so far this morning we found some support at 3811-3804.50 level, our inventory is currently 100% short from Friday close which means there is 60-70% chance we might get some correction to it at the open, how much we will have to see unless we correct before and at the open continue lower, holding that 3811-3804.50 level can give us a test of 3821.25, 3835.50 and possibly 3853.25-3847.25 which will be our Key area to watch if we are to get any more upside from there. On the downside if we fail to get through 3821.25 - 3835.50 or we correct to those levels and come back down to break 3811-3804.05 then we will be looking at lower levels at 3791.50-3776.75 and possibly 3764.75-3758.5 which will be lower Key Support we would need to break to see any continuation lower, if we are going down on big volume and breaking through levels then we can see even lower areas tested, I wanted to see the mid point of the daily range tested this week around 3731-3676.50 but I did not think we might get close to there in Globex so we might get continuation in RTH or we might spend the day cleaning the Globex move and get ready for bigger market moving events this week. If 3764.75-3758.25 breaks we have 3745, 3728 and 3714.75-3709.75 as next Key Support. Careful with longs, we will get pull backs and corrections but we have a lot of people upside down and most likely will see more margin call selling today.
CME_MINI:ES1!
by HollowMn
1
SPY week in reviewLearning to see, trust, & execute the Intraday System Levels are the key to successful day trading. Position Size, Risk Management, and Intraday Strategies are your critical weapons. Knowing WHEN & HOW to deploy capital is essential which is why we deploy our Daily Matrix System to help us determine if we should be selling Credit Spreads, buying Debit Spreads, playing Long Options, using shares, or trading a combination of each & Hedging. This review is step-by-step using our Intraday Volatility Levels and works with $SPY $SPX $ES $ES_F $QQQ $IWM $BTC (and any other individual stock symbol) MON (June 6)- SPY opened with a GAP UP, quickly attacked the GREEN BUY TRIGGER and immediately hit our SUPPLY ZONE / R1 (WHITE LEVEL). Fundamentally you take 50% of your profits here...GET RISK OUT OF THE TRADE!! Stop Loss should have been at your entry or higher on the remaining 1/2. 1100 hours price action stalled and sold off back under the OVER/UNDER (not displayed on this chart) and immediately moved down below the RED SELL TRIGGER and to DEMAND / S1 (WHITE LEVEL) & accomplished SELL TGT #1. Again, take 1/2 off your short profits at WHITE, and either 1/4 or close the trade at the 1st TARGET. If you left some short runners on, you were rewarded with a huge 1200 hrs drop down to SELL TGT #2. Remainder of Monday's PM session chopped between S1 and S3 and ultimately filled the opening gap from Friday. TUES (June 7)- SPY opened GAP DOWN, but rallied from the opening print, achieving the GREEN BUY TRIGGER early and we called Low of Day (LoD) was in by 0945am. Again, 1/2 off at WHITE SUPPLY ZONE, & we achieved BUT TGT #1 in the first hour of trading. Europe close at 1130 gave some an additional long entry, and the move over R2 opened the BUY TGT #2 door (from 413.80 to 416.05) which was a huge move but failed to peak above Monday's HoD (ominous for the remainder of the week). WED (June 8)- SPY opened GAP DOWN from Tuesday's late run, but the VOL LEVELS had us with a RED MINDSIGHT (under RED SELL TRIGGER) almost the entire day. SELL TARGETS #1, #2,& #3 were hit and the entire afternoon session was between SELL TGTS #2 & #3. THURS (June 9)- SPY opened GAP DOWN (again) but the Levels were paining a RANGE DAY with price action likely staying inside the WHITE SUPPLY/DEMAND ZONES. RANGE DAY RULES applied until 1400, at which time SPY moved under the DEMAND/S1 Zone and we all know what happened from there...SELL TGT #1, #2, #3, & #4 were hit and we closed at the LoD. Expect more pressure overnight FRI (June 10)- SPY opened GAP DOWN and only got a wick above the GREEN BUY TRIGGER. NO CLOSE == NO TRADE, so yet again more sell side activity under the 395 level (which was the $SPY OVER/UNDER for the day). Opening Range Breakout (ORB) to the downside, SELL Targets #1 & #2 were hit before 1130am, and SPY expressed range/chop price action until the 1330hrs move back over S2 and push all the way back to the RED SELL TRIGGER at 394.37 before selling back off in Power Hour
AMEX:SPY
by VeteranWS
#ES Futures 06.10.22 Daily Overview and Levels to WatchYday we were waiting to see if we will have enough supply to break T+2 Low and Key Support at 4084.50-4077.25, move took quite a while to get going as we still had plenty of buyers to fill at the support area, to be honest I already started to think it wont happen so missed the whole ride down but we did break support and sold off right under our next Key Support of 4030.75-4025.25, ideally I wanted to see upper levels hold and not reach this support if we were to make a move back out today but that did not happen and it does make sense as we had 7+ Days of inventory built up in that range. So far we flushed and took back the whole move that was done on lower volume before Memorial day which tells us that we ran the price up to sell the product that was acquired lower. Question today is do we continue to head lower since we are set to open below T+2 low and should still have plenty of inventory above to get some Margin call selling or will we find support here and get back over 4030.75-4025.25 to get back to the area where we sold off from. Currently Globex inventory is short and built up below our Key Level and waiting for CPI to move. On The Upside today if we get back over 4030.75-4025.25 and can hold that area it tells us that yesterday sell off was just built up inventory coming out and we could see it rotate back up towards 4046-4042.25, 4061.50-4056.50 and possible to reach and test that Key level of 4084.50-4077.25 to see if sellers are still there, our T+2 low is 4105 and we expect selling from below that area so have to monitor each level for continuation. On the downside failure to get over the Key Level and hold can bring us lower to 4012.50-4008.75, 3994.50-3988.75 and next Key Support at 3976.50-3971.50 if going down with good volume and we break that support then we can head lower to 3957.25-3953.25, 3944.25-3940.25 and 3931.75-3927.25 as we do have plenty of supply built up above and we will be looking for buyers.
CME_MINI:ES1!
by HollowMn
#ES Futures 06.09.22 Daily Overview and Levels to WatchYesterday played out pretty much as first expected, was able to actually call the high and the low within a few points as mentioned I thought we might stay in tighter range between 4157 and our 4103-4099.75 level and we did. Today Globex attempted to break out of our Key Resistance at 4143.75-4137.50 and failed which trapped a lot of people, with that fail I will be looking for us to test the opposite side of this range and our Key Support at 4084.50-4077.25 I believe we should have enough supply to take it out but then we have to monitor how much extension we get and if we accept or come back in. On the downside if we get under 4103.25-4099.75 we can see Key Support at 4084.50-4077.25 and lower levels that I would like to see hold are 4061.50-4056.50 and especially 4046-4042.25, ideally if we will have a fail and come back in we will not break both of those but if we do we have next Key Support at 4030.75-4025.25 to keep in mind. On the upside if we again cant take Key Support which is also our T+2 low for the day then we can see rotation back up or what I will be watching for is a flush of that area and see if we can find buyers at lower levels that will bring us back into this range and that would confirm for me that most likely we are out of supply and can see higher levels of 4103.25-4099.75, 4123.75-4119.25 and Key Resistance at 4143.75-4137.50 and if that does happen today or tomorrow then we can see a run from the Key Resistance up to the next one at 4220. Have to manage expectations as we are still in tight range but today we already seen the signs of it breaking.
CME_MINI:ES1!
by HollowMn