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LCID bull flagLCID: Strong downwards wedge after impulsive move signals a bull flag ~ What is interesting about this graph is the VI. It showed bearish momentum but yet had increasing price action! Imagine when the VI sends bullish momentum! ~ RSI also has a lot of room to grow. ~ The only errs in this graph are the death cross on the 11th signifying a bear trend. But this cross is weak as it has low volume. ~ Another err is the false breakout on the lower side before coming back in. This can be attested to the QQQ action of dumping today. The fact LCID was able to stay bullish despite QQQ and the VI being bearish/choppy for some of the day
NASDAQ:LCIDLong
by CheckMatted
1
Perfect Risk to Reward trade for SPXDespite the fact that the S&P is still largely bullish and a lot of data point to the upside, the truth is that currently the SPX has broken a very key trend that was tested many many times. It hasn't had a 10% correction since September 2020, while it has gone up 42% since its September 2020 low and 109% since its March 2020 lows. The truth is that it could keep going and I think it will go higher medium to long term, but I just feel that it will go to test 3900-4000 before going even more parabolic. Up until now most were going long on this very obvious trend. Too many perfect bounces on the Monthly Pivots + Diagonal + 50 DMA. Now all these are lost and they could turn into resistance after being support for so long. Of course the really long term trend is bullish and this might just be a trap. A trap to make everyone think the big trend is broken, only to send it higher. Essentially even if we don't win this trade, the R/R is very attractive. It is 5:1 and I think this trade has at least a 30-35% chance of winning. So if we consider the odds of this trade being a winner and the R/R we can clearly see that his trade is worth it.
FX:SPX500Short
by BitcoinMacro
1
NAS100 ANALYSIS Overall sell set-up on NAS100 has finally been completed, I hope you guys were also able to capitalize on that position Price has impulsively moved towards the downside and given us the third touch on the overall current market structure and has also given us a nice rejection on the H1/H4. Price could form into a smaller (short-term) correction on a LTF indicating to us a continuation to the upside which is the highest probability. If you decide to capitalize on this set up, I would enter at this current point in time or you could wait for the next impulsive move followed by a tight correction on the H1. This is a basic set up hence I know if you manage your trade and your risk accurately, you can and surely will make a lottt of money from this set up alone. Remember, patience + persistence = consistency LETS MILK THESE MARKETS MY FELLOW TRADERS!!
OANDA:NAS100USDLong
by Mckaylen1
1
NAS100 ANALYSIS -UPDATEfrom previous trade set up analysis: If you calculated your risk correctly and played with your entries a little, you would have closed or TP would’ve been hit -depending on your broker spread- with an overall with a good amount of profit while still managed to maintain a good R:R Current Analysis Update: I’m still anticipating further downside movement on NAS100 but currently on the lower time frames (M15 & H1), as you can see we had an impulse to the upside hence price is likely to push further up to grab liquidity and then after I will be waiting for price to give me a sell entry at least on the H1 or M15 before entering short positions as we are overall still in the correctional phase of an impulse to the downside on the H4. I will wait for 6-8 H1 candles before entering, if the opportunity does not present itself yet, I will not enter until there is M15 confirmation. Remember, this is not a signal, this is only my analysis/representation of when and how I will be entering this trade. If you guys decide to take this trade, please use proper trade & risk management.
OANDA:NAS100USDShort
by Mckaylen1
1