Neutral
SPY - Falling Trend [MIDTERM]- SPY shows weak development in a falling trend channel in the medium long term.
- SPY has marginally broken down through support at 390.
- An established break predicts a further decline.
- SPY is assessed as technically negative for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
QQQ - Breakout Falling Trend [MIDTERM]- QQQ has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- QQQ has given a positive signal from the double bottom formation by a - break up through the resistance at 295.
- Further rise to 327 or more is signaled.
- QQQ has support at 295 and resistance at 320.
- Overall assessed as technically neutral for the medium long term.
Verify it first and believe later.
WavePoint ❤️
XAU/USD!!! Gold is bearishHello Traders!!
Weekly timeframe:
Gold is in trading in a range and here we can anticipate trading on support and resistance zones. Because it is moving from resistance we can easily anticipate that on daily timeframe market is in a lower trend where we can find some nice opportunities of selling gold.
Daily timeframe:
On daily timeframe market has made strong downward move to support area near 1810.
4H Timeframe:
On my entry timeframe I will be looking to break the support or show some nice retracement move and retest the previous support that will become resistance to go short nicely with some decent risk to reward ratio
Trading Advice:
On Gold my trading advice is to stay neutral untill gold makes some good retracement up or break support and retest it as resistance to go short!!!!
Thanks in anticipation
mahmad01
confusion is the word it's a shame, but we broke on Friday the Symmetrical triangle inside of our huge bull flag, now maybe a new one is in process, but the fact is that we need to cancel the rising wedge formation that take us to new lows, because we are under the effect of the huge bull flag formation we should see explosive movements. thanks to Jerome powell the number 1 terrorist in the world. we have to be very technical now when we place a buy order.
We have hit our target of 25k consistently for last few days. Well, as any other person, I would also like to take a time to give a pat on back since we have hit our targets in BTC. 25K is done.
Now what to expect?
While there is increased trading activity due to some events, its still not looking overlay positive for BTC in long run. I expect it to face resistance here and fall back to see if there are whales willing to push further - I doubt there are.
This will be a strong long term resistance and we will see price bouncing between this and about 18k regularly.
At least for few weeks.
Lets see what BTC holds for us, personally we are closing all the longs. Not entering shorts just yet though, as system hasn't given a short signal yet.
Lets wait and watch.
US30 UPDATE (NEUTRAL!)Hello all!
US30 is moving between these 2 zones marked..
In the case of a Neutral move in a pair, you will be able to trade within the CONSOLIDATION BOX (Shown).. However, I would wait for the price cycle to play out!
Will wait for an expansion (Potentially to the Upside!) before looking to enter!
Like usual, i will update the chart if i see anything and share with you! :)
Take care!