Spy Entering Choppy Zone While Being At Top Of The Tread LineIf we zoom out on the daily and look at the area SPY is getting ready to tap into we can see its entirely possible for it to break this tread line but buy doing so it will enter into a notoriously choppy zone. It could spend days there before having a break out and then it has the chance to go up or down after the chop. You can see here when it broke to the upside it didn't spend too long there. Meanwhile when it broke to the down side it did so viciously. Very curious to see if we get the Santa Rally break to the upside for December and we get choppy and then as it comes back down before cracking into new lows. Play price action on the daily, this is just a bigger picture look at things. Anything could happen.
Long-short
Market Bias & Top Stock Watches - 11/30/2022Bias: Bullish Grinder
Top Watches: Long - NIO, WOOF, BA, BHC. Short - ZS, SNOW, CRWD, ASPN.
Follow @JLaing for daily review/bias of the market and top stock watches for day trading every morning!
Tune in to my livestream every morning from 9:15 - 10:30 ET to see real live trading and get a more thorough review of my top watches
Solana at critical decision pointHi Tradingview,
BINANCE:SOLUSDT
I want to talk about SOLANA (SOLUSDT). Solana has been in the news recently mainly for bad but it has shown some strength in recent days with
it breaking out of the wedge pattern it has been trading in for the past couple of weeks. However, I feel that will soon be coming to an end.
It is trading in an upside-down cup and handle pattern, this is bearish. We can also see on our TSI indicator that a bearish crossing might be coming soon
with the bears currently in control (below 0) This is highly probable. It could find support though, it has broken out of the wedge and is
currently retesting.
Trading SOL
Now that we have looked at the facts, lets try to make some money off of this.
I will be discussing a long possibility and a short possibility. Both require confirmation
Long:
Entry, confirmation of retest support, double bottom (#2)
Short:
Breakdown of 13.25, and wedge support
ESParty will end soon based off chart here..
Believe top of trend line comes in around 4150-4160 range.
Will be interesting to see if this is where resistance really comes in, retail has to be spooked to buy in at this point, watch for FOMO move to upside in coming days and then downside to follow towards the start of the year or maybe a little prior!
Goins as planned. Still potentional fakeouts to 0.412 zones. Might experience some fakeouts while going down. But talking about 0.382 fib level is for sure coming in a few days or so. Before that we will hit 0.388 price level and might get stuck there for a bit from there Ill make new updates and new potential trades. MARK MY WORDS
BE PATIENT !
DXY - ARE YOU THINKING WHAT I'M THINKINGIf you are looking for a way to tell the strength or weakness in the dollar against other currencies, one of your go-to areas should be the DXY CHART.
Impeccable Right? It has by far become easier trading the dollar base and quotes by simply anticipating what the DXY would do next.
Over a period, the DXY has been dripping down giving away the weakness in the dollar and we must have seen by now, how the XXXUSD pairs have been bullish
whereas the USDXXX pairs have been majorly bearish.
Now I am thinking it is time for a change. I see what the DXY i doing and it will interest me to tell you that in the coming weeks, we may see trends falling back in place.
UNLESS OFCOURSE WE HAVE A BREAK DOWN, THEN WE HAVE A DIFFENT STORY TO TELL.
NB;This is not a financial advice or signal to trade. This is solely educative. Use the information above at your own risk.
AUDUSD/what do you think traders ?Hi guys
If you like our analysis, we will be happy if you support us
As you can see in the daily chart , in the third collision with the channel , it broke and returned to the channel .
Which we consider to be a fake failure .
Similarly , the same thing happened in the third collision with the floor of the channel , which is also known as a fake collision , because it returned to the channel , and shows that pulling back is of special importance.
It has , but the gap is 50/50.
According to the events that have happened , where do you think the fourth collision will take place ?
good luck
CHFCAD/what do you think guys ?Hi guys
If you like our analysis, please support us .
As you can see in the daily chart , the price was able to form an upward trend , and according to the range it is in now , if it succeeds in breaking it,
It is likely to move to the resistance shown by the blue line.
Thank you for your time.
good luck
On the way to 4110-4150, waiting for a pullback again.Analysis of the spx 500 index on November 23
Today we are here to talk about the spx 500 index.
And so let's see what happened to the index over the past day.
What's on the market now:
Today the index is trading at the level of 4003. Yesterday on the market we saw a sharp rise in the index and an attempt to get out of the current correction. As I said earlier, the next level of growth for the index will be the level of 4110-4150. Although now the growth seems obvious, there is still a chance for the market to develop a correction. Globally, I expect the market to continue rising to the 4150-4250 level, this forecast is confirmed as there is a lot of free money in the market due to the reduction of funds and their positions in bonds that I mentioned earlier. Also, we can expect that these volumes will go to the market, and we will see a sharp increase in the index. However, if this attempt is broken, then we will see stabilization in motion and an attempt to roll back the index to the level of 3860.
What I'm looking forward to today:
Today at the open, I expect an attempt to roll back the index to the level of 3970. But since there are new volumes in the market, therefore, there is still a possibility of a sharp increase in the index to the level of 4115. But if this attempt is broken, then we will see a sharp drop in the index to the level of 3860.
Here are my trading recommendations for today.
What I recommend
If you want to go short:
Short positions are possible from the 4110-4150 level, limit your losses.
If you want to go long:
Long positions are possible from the level of 3860, limit your losses.
If you are out of the market:
If you're out of the market. Then you need the perfect price to trade. Long positions are possible from 3860, limit your losses. If you want to open a short position, then it is better to do it from the level of 4110, 4250. Limit your losses.
Also remember to contact me in 2 or 3 days for further trading advice.
Subscribe to my channel and you will always be aware of the movement of the S&P 500 index .
Press Boost if you agree with the current market situation.
Thank you!
See you next time!
Goodbye!
✅EUR_USD TWO SCENARIOS|LONG🚀
✅EUR_USD is trading in a local uptrend
And the pair has formed a bullish pennant
Which is supposed to make us bullish
However, there is a strong horizontal level
Right above the pennant so while I am
Bullish biased I will wait for the breakout
To confirm or disprove my thesis
And only ater that I might enter the trade
LONG🚀
✅Like and subscribe to never miss a new idea!✅
XAUUSD Long position Hello Dears
I think there is a zone to looking for a Long position on Gold...
Target of Last analysis for short has been touched. I am waiting to see reaction to the profit zone and want to enter a short position. approaching resistance lower than Profit zone will be the TP. then hopping in a Long with approval....
Wish the bests
InvestMate|S&P500 Trying to close the gap before falling📈📉📈📉S&P500 Trying to close the gap before falling.
📈📉Post is a direct continuation of the post in which I predicted the falls:
📈📉 Looks like the dips have arrived.
📈📉In order to continue the declines, the markets may play to close the downward gap before continuing the downward rally.
📈📉The downtrend gap coincides perfectly with the 0.382 level of the entire downtrend wave, increasing this probability.
📈📉Worth watching to see what happens after the close.
📈📉The scenario I am playing out is the closing of the down gap followed by a continuation of the decline.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
#1 or #2? Or any other idea?| Your time is precious so I write concise and precise, feel free to ask for more |
So far, we have broken the support due to the FTX scandal, spending time here, and I am assuming two scenarios.
#1 With a motivating narrative/news, we will rise above the support and attract more funds to the crypto market.
#2 We will dump to the next support as the market continues to struggle in tandem with the unfavorable situation in the SPX500USD. As a result, I anticipate a good buying opportunity between 12K and 14K.
There are two yellow arrows there, which I believe will act as a liquidity pool and driving forces.
Do you consider any other possibilities? I would be happy to find out.
Wish you green
| Your time is precious so I write concise and precise, feel free to ask for more |