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SPY/QQQ Plan Your Trade July 9 - End Of Day FollowupToday's Momentum Rally never really showed up. Remember, I've been warning you these SPY cycle patterns are not 100% accurate all the time. They've done a fantastic job of calling the markets correctly over the past 17+ days. But, today, the Momentum Rally never really materialized. As you'll see in this video, I believe the momentum for a bullish price move was muted today because of the Fed comments and lack of data. In short, the Fed comments took the momentum away, and price struggled to find any real trend. But the momentum for a bullish price move is still there. It is inherently biased toward price. So, I believe we could see a very big (explosive) move to the upside over the next 4+ trading days. Stay patient. This is a great example of learning to wait for the best setups. If my analysis is correct, this current setup could be a very big winner. The bullish price bias may explode to the upside over the next four to five days. Get some.
AMEX:SPYLong
by BradMatheny
9
Has EUR/USD Bottomed-Out???Here I have EUR/USD on the 4Hr Chart! Now we see Price on EU has made a sort of "Rounded Bottom" making its official LOW @ 1.06660 Now with Price struggling with the Resistance Zone @ ( 1.08441 - 1.08266 ) it is beginning to form what looks to be a Potential CUP & HANDLE PATTERN!! This pattern after the completion of the "Bowl" is typically followed by the formation of the "Handle". This will be considered a HIGHER LOW which should be followed by Bullish momentum to the Top of the Cup (Resistance Zone) again, then to BREAK and possibly continue HIGHER!! -The RSI is showing that price is Over-Bought which tells me we could see price needing to make a decline! -Strengthening the Bullish Bias on this idea is also backed by the fact price is now trading ABOVE the 200 EMA! *Before we can confirm this is a Cup & Handle Pattern, we must see Price make a retracement from this High to the ( 1.07751 - 1.07647 ) Range for potential BUY positions! **If Price decides to Break Below our Fib Entry Zone, The potential Cup and Handle Pattern will be INVALIDATED!!
Long
by Novi_Fibonacci
Plan Your Trade 6-28 - Today Is The Big CRUSH DayThis continuation of my Plan Your Trade video series highlights the potential price rotation we'll see today with the big CRUSH pattern. Next week, I believe, will result in a substantial rally phase throughout the week of July 4th. Today's big CRUSH pattern will likely result in a fairly deep downward price move in early trading, followed by a period of basing/stalling before we may see a fairly strong rally phase/squeeze into the end of trading today. These types of price swings are fantastic for day traders and intraday swing trading. Watch the video today and prepare for next week. Overall, nothing has changed. Price is rotating into a rally phase ahead of Q2:2024 earnings. Learn how my SPY Cycle Patterns can help you plan and prepare for market direction and trends. Do you know anyone who can accurately predict price setups/trends 2 to 4 weeks into the future? Well, you are watching me do it right now. Let me know what you think in the comments. Go make some money today.
AMEX:SPYLong
by BradMatheny
12
Plan Your Trade 6-26 - SPY BreakAway PatternGood Morning. This continued video series highlighting my Proprietary SPY Cycle Patterns is designed to help you understand how to prepare for, and trade expected market trends. The SPY Cycle Patterns are predictive. They represent shapes/trends of future price bars on the SPY that can help traders understand where opportunities may exist for trading. They can also help you stay away from consolidation/congestion periods. In today's video, I highlight how the current BreakAway pattern in Trending mode suggests the SPY will rally a bit today. I expect the SPY to close above 545.50-546.50 as the bullish base/support level holds today. There is a bit of downward pressure on the SPY this morning. It will be interesting to see if my expectations are accurate or not. Remember, the SPY Cycle Patterns are not 100% accurate all the time. They are only about 80-85% accurate in most cases. Big news events or outside factors can drive prices in ways that do not align with my SPY Cycle Patterns. However, these SPY Cycle Patterns are generally very accurate in terms of how to plan/prepare for trading opportunities 3 to 10+ days into the future. I hope you enjoy it. Please leave a comment and tell me if you see value in these videos or what you think.
AMEX:SPYLong
by BradMatheny
Plan Your Trade 6/21 - SPY Cycle PatternsPlan your trade to prepare for future price moves using my proprietary SPY Cycle Patterns. This is a continuing video series related to my proprietary SPY Cycle Patterns. These unique patterns highlight potential price moves/trends weeks and months in advance. I wanted to highlight the next 15+ trading days on the charts and track these potential setups to see how closely my expectations translated into price moves. About 3+ days into this experiment, we should see a Top/Resistance price trend today. This is usually where the price attempts to rally upward to a peak, then rolls downward, seeking a new base/bottom. Follow my research and learn how to Plan Your Trades more efficiently.
AMEX:SPY
by BradMatheny
Learning To Plan Your Trade With SPY Cycle PatternsDid you watch my SPY Cycle Pattern video this morning? Were you aware that today was designated a Harami-Inside type of price action? This type of pattern represents a very narrow, often trendless, trading day. I warned all of you before the market opened that today would be a day to sit back and wait for the market to show us whether it wanted to trend or not. Obviously, there were some quick pullbacks and trends—but nothing very big. If you had stayed out of the market most of the day, you probably would have been happy avoiding the chop. Tomorrow is a big CRUSH pattern. These patterns are usually fairly large price range bars that often move against the 3~5 bar trend - in this case, downward. This video covers the next three weeks of trading in the SPY and shows how I read the SPY Cycle Patterns as "sentences" related to how prices will react and move (including trends and ranges) going forward. Of course, nothing is 100% perfect when predicting future price trends. But I think you'll find real value in the SPY Cycle Patterns and how they can help everyone prepare for the type of price action to expect. Plan your trade. Use all the tools required to help you make better decisions. Remember, trade only when the market provides opportunity and efficient price trends. I'll keep updating these videos for all of you over the next few weeks. Let's go make some money as the markets trend into Q2:2024 earnings.
AMEX:SPYLong
by BradMatheny
ETHFI - Confirmed Breakout for a LONG trade$BINANCE:ETFIUSDT (4H CHART) Technical Analysis Update ETHFI is currently trading at $4.1 and showing overall bullish sentiment. Price has broken out from the resistance zone and showing a good bullish momentum. Our first target is around the resistance zone (4.3-4.4) and we can expect the price to reach around 4.8 This is a short term trade and if the price breaks below the support of 3.7 then bearish trend will continue and we will have a short trade opportunity. Entry level: $ 4.09 Stop Loss Level: $ TakeProfit 1: $ 4.224 TakeProfit 2: $ 4.352 TakeProfit 3: $ 4.481 TakeProfit 4: $ 4.684 TakeProfit 5: $ 4.862 Max Leverage: 3x Position Size: 1% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
Cancellation of “Head-and-Shoulders” Pattern. Bears trapThe "Head-and-Shoulders" (H&S) pattern is considered a powerful trend reversal indicator. However, it can also become very costly for new traders. Yesterday, the S&P provided a great example of H&S cancellation. Traders who entered short on the break-out of the shoulders line (and Monday's low) incurred losses after the price returned to the previous day's range and rallied all the way up. Such scenarios happen more often than you might think. To avoid being caught in such traps, it is important to consider two things: 1. Higher Level Context : In this example, the H&S pattern formed on the hourly time frame. But if we zoom out, we'll see that on the weekly chart, the price is in a strong uptrend, currently making new historical highs. This is a very bullish context, with buyers having full control over the price. 2. Price Behavior on the Break-out : Upon confirmation of a reversal pattern, you should expect sellers to jump in and drive the price down as fast as possible. It is "abnormal" to see the price returning to the previous range and gaining acceptance. This is a trigger that something is not right. Some people will add volume analysis on the break-out, but I’m personally not a fan of it, especially for SPY.
AMEX:SPYEducation
by hermes_trisme
XAU/USD - Q2 Market AnalystBased on current trends and analysis, I forecast that XAU/USD will reach a new all-time high (ATH) this week at the earliest and next week at the latest. Therefore, we should consider taking a Long/Buy Action in the market. Here are the key insights: Reversal: There was a strong rejection at the 2291 area after experiencing a strong rejection at 2393. This is a sign that the market has the potential to move upward. Additionally, this week, on May 10, 2024, the market closed above the support area. Correction: The market will undergo a correction around the 2393 area before continuing its bullish trend, as long as there are no adverse news or situations affecting the market. Please remember, this analysis is a personal interpretation of market trends and should not replace professional financial advice. Always conduct thorough research and consult financial experts before making investment decisions.
OANDA:XAUUSDLong
by rvldpw
Impulsive Wave Rally: AUD/USD Targets 0.70750.Hello traders, Here is my analyis of AUDUSD pair. After AUD/USD completed an upward impulsive wave labeled as wave (1) in the chart, the pair is expected to form a minor correction in wave (2) before continuing the impulsive upward wave (3), consisting of five subwaves. Based on our analysis, waves (1) and (2) have already formed, and it appears we are currently in wave (3). We expect a rally from this zone following the shallow wave (2) correction. The channel break indicates potential reversal areas, suggesting the start of a continued upward phase towards the 0.70750 level as a potential target in the bullish direction. However, a lower low below 0.63623 would invalidate the bullish scenario. Alternative Scenario: The alternative scenario is a further drop in wave (2) towards the 0.64977 price region marked by blue box before the rally to the upside.
Long
by Samuel124
USD Waving The Flag in AU?!Here I have AUD/USD on the 1 Hr Chart! Tonight, we have seen Price make a drastic turn to the Upside back into this Descending Channel it was traveling in last week! With this False Break of the Falling Support, could we see the appearance of a BULL FLAG?!?! Now with a Bull Flag, we expect valid tests of both the Falling Resistance and Falling Support!! So far, we've had 2 tests and a False Break of the Support but we are missing a 3rd test of the Falling Resistance! With Price using this Local Support level, I believe we could see that 3rd test of the Resistance!! Now with NZD Low Inflation Expectation Results tonight, we're seeing some strength being put into AUD!! Fundamentally for the rest of the week: AUD- Wage Price Index (Tue) Employment Change, Unemployment Rate (Wed) USD- PPI, Powell Speaks (Tue) CPI, Retail Sales, Empire State Manufacturing Index (Wed) Unemployment Claims (Thur)
Long
by Novi_Fibonacci
6
Pennant - EUHere I have EUR/USD on the 4 Hr Chart! Price made a good push to the Upside surpassing the Highs earlier this month but then getting caught up by the Highs of April Currently Price is bouncing back and forth between the Falling Resistance and Rising Support. Potential False Break zones for both Resistance and Support are marked by the High and Low Points starting the pattern! Pennants are patterns where the fight between Bears and Bulls is equal and eventually one will win out the other, this will be followed by a STRONG, CONVINCING Break of Pattern and Close to Validate the movement. Fundamentally this week for both EUR and USD will be Flash Manufacturing & Services PMI being released Thursday! As Indicators go: -Above 200 EMA -DSR Assist -Above 50 RSI -Super Nova Layout +3
by Novi_Fibonacci
Euro can reach resistance level and then rebound downHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago rebounded from the seller zone, which coincided with the resistance level and rose to 1.0940 points, after which it started to decline inside the pennant pattern. In this pattern, EUR broke the 1.0850 level and fell to the support line, after which at once rebounded and rose to the resistance line of the pennant. Soon, the price exited from this pattern and entered to seller zone, where the Euro some time traded and soon made a downward impulse. price broke 1.0850 and 1.0650 levels, and also later started to grow inside the wedge. In the wedge, the price soon broke the 1.0650 level, which coincided with the buyer zone and continued to move up. But later it made a correction move to the support line of the wedge, after which rebounded and rose until to the resistance line. When the price reached this line, it made a small correction move, after which at once backed up, and now it trying to exit from the wedge. So, in my opinion, the Euro, after exiting from the wedge can reach a resistance level and then the price will rebound down. For this reason, I set my target at 1.0750 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
SP500, TAKE THE PAST AND SEE THE FUTURE?So, this is a slightly different look of another chart. Basically, we might be seeing this play out in real time. This pattern is scary where the price currently sits. and to where it can head. What is the pattern? Trace 2018 to Covid and then into recovery and correction. Bring that to the current move, pattern, wave... whatever you want to call it. It's close, not exact, but close, and close enough that it can't be completely thrown out as an idea. But that's all guessing based on a pattern, which is dumb. So, what do we know. We can see numbers projected to 600. We can see numbers projected to 200. We can see multiple gaps on the downside. We can see multiple stocks at their highs. We can see multiple stocks moving some 10% or more on earnings with price movements that don't quite make sense. We know there are two massive support trends (I just made the one) because of how close they are to each other. We've been seeing stocks break down past massive support trends, and then when all hope is lost, a huge return. We know statistically, gaps almost always close, and in a similar way of thinking, most impulse moves retrace a little over 100% (this gives no indication of the timing of a move, could be days, weeks, months, years...) We can see certain indicators starting to flash some bearish signals. We can see there might be another exit pump but we can't really know. We can see, charts are quite overextended from COVID lows. We know the election is around the corner. We know how bad a "down" market or market crash can look for a sitting president. We know more support comes in at 4780, 4360, 3800, 3300, 2900, 2500, 2200. I'm sure if you look hard enough, you'd find evidence that supports both a bullish and bearish projection on the s&p500, which is good. Take in all the info you can. Don't believe my garbage chart, but also, I wouldn't completely skip it.
AMEX:SPYLong
by nicktussing77
Good Opportunity for LONG trade if price pumps backBINANCE:FLOWUSDT (1W CHART) Technical Analysis Update FLOW is currently trading at $0.902 and price is hovering around the support zone. Im looking at the price to pump back up as the price has already hit the support zone. We can expect pull back but that will be a good opportunity for a DCA. You can enter a LONG trade at the current price and do DCA if the price pulls back to the support zone again. Entry level: $ 0.904 Stop Loss Level: $ 0.652 TakeProfit 1: $ 1.011 TakeProfit 2: $ 1.160 TakeProfit 3: $ 1.416 TakeProfit 4: $ 1.772 Max Leverage: 4x Position Size: 1% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
FET - Breakout from the triangle BINANCE:FETUSDT (1D CHART) Technical Analysis Update FET is currently trading at $2.366 and showing overall bullish sentiment Price has broke out from the resistance line successfully and we are seeing bullish momentum for FET We can expect this bullish momentum to continue and we have good opportunity for a LONG trade here. Entry level: $ 2.15-2.36 Stop Loss Level: $ 1.79 TakeProfit 1: $ 2.66 TakeProfit 2: $ 2.9 TakeProfit 3: $ 3.3 TakeProfit 4: $ 4.5 TakeProfit 5: $ 5.4 Max Leverage: 5x Position Size: 1% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades