EURUSD - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for EURUSD .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Megaphone
SPY & QQQ 15m Trend Change Back to Bulls, Need 1h trend change - After this mornings hourly bear flag with no follow through from bears bulls try to play defense and we had a megaphone pattern play out in the morning.
- QQQ was holding SPY up for the entire day, then the last 30mins bear sectors in SPY joined Bull sector QQQ.
- need to confirm a hourly uptrend to set the daily higher low for bulls.
- would like to see bulls play offense tomorrow.
Educational. How to trade a broadening wedge pattern? In this video:
* How to spot and draw a broadening wedge pattern.
* What constitutes an official broadening wedge pattern.
* Is the pattern bullish or bearish?
* What is the probability of breaking down vs. moving further up?
* How to measure target down and how to measure target up?
* Other notes to make on how to trade.
SPY Crash - Prediction and explanation.This is my analysis of the market, specifically the S&P 500. Indicators and fundamentals that point to a massive drop. The formation identified is called a Broadening Formation (aka Megaphone Formation)
Here's the link to better explain the formation in detail - www.investopedia.com
As stated in the video, if you have a difference of a opinion, I would love to hear it and learn how you got there. I'm always willing to learn something new.