CME_MINI:NQM2024 - PR High: 17685.50 - PR Low: 17670.00 - NZ Spread: 34.5 Key economic calendar events 08:30 | Initial Jobless Claims - Philadelphia Fed Manufacturing Index 10:00 | Existing Home Sales Value continuing to decline below 17000 - Responding to 2/21 inventory Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 4/18 +0.04% (open < 17665) -...
I'm updating my last reading on SPX about the beginning of a bearish leg. I understand that that previous signal has worked, and market failed to support the 200-SMA, although we're now facing a new test. My outlook remains the same, that the main trend is bearish, but I also believe that the path to the low may come along with counter-trend movements and...
Price has broken the last previous low and now we enter short on the pullback to benefit from good risk to reward ratio. The total market cap of crypto is also showing a bearish sentiment which adds confluence and chance of hitting our take profits.
EURUSD break previous low and pulled back to structure around 1.0940 will be a good area to short SL : 1.0971 TP : Follow arrow
Despite rising gasoline prices at the pumps, Exxon Mobil did not have a strong Earnings Report. The stock remains in a downtrend, with support at a previous technical low.
MMM had a massive High Frequency Trader gap down in April, but has now found support at a previous low from 2016 that is a fundamental support level. Massive Smaller Funds Volume Weighted Average Price selling occurred after the gap down. The bottom has shifted the trend to the upside.
Nvidia has bounced up from a slightly higher low than its previous low. This may result in a bottom formation developing slowly over this summer.
MMM is at a previous yearly low. It rebounded with a gap, an early sign of a potential bottom. Traders who sell short should consider this a higher-risk trade at this time.
STE Pulse Trading Strategy paints a background red bar for short setup Entered short at open of next candle Took Take Profit at a previous support level Trailing SL PM me if you have any questions I could answer for you
Watch for a test of the trend line drawn on the chart. As price recently made a new high it made it on a divergence against the RSI. This is a bearish signal that should continue to drop the price this week. Also, trend momentum has been losing strength based on a falling ADX. If momentum for the bears builds strength as the trend line is tested, be careful...
The green highlighted area on the chart was the first sign of bearishness to return. Price could not even reach the 61.8% level as resistance. Momentum for trend has been maintained for the bears. The Average Directional Index (ADX) line is increasing at the same time the red negative directional index is staying elevated. The bears started to take control...
With price finding early selling interest at a low Fibonacci retracement level ratio and the red negative directional index line not crossing down through the positive directional index line, look for selling interest to remain here with the previous low as a target for a test of support once again. Despite the latest move up recently, the bears maintain...
BTCUSD 4H is in a range Price at top of range Range top @ 7156.6 Long Trade Watch for a Bullish breakout Entry long on 15m chart with a break-hook-go pattern Previous high @ 8287 will be Take Profit area Short Trade Range top breakout failed Price fell back into range Range bottom @ 6009.6 Range bottom will be Take Profit area Our pulse system is bullish so all...