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LIMITED UPTREND - STRONG PULLBACK UP ZONE - S&P500 - ES1! - 30MNThank you for your likes and share! Much Appreciated! __________________________________________________________ The market has touched again a very strong pullback up zone. Probabilities are to see first the going back up a bit and finding a place from were it could again strongly go down. The blue lines are giving hint in what was the recent story of this market. The top red horizontal shows a zone with strong probability of profitable sells entry. Beware, the market could decide to create a new larger range than the ones before before choosing a clear direction. It is likely to make profits if we surf on the coming waves!
CME_MINI:ES1!Long
by Diallo_Charts_Ideas
S&P 500 - 240 - IMPORTANT POINT - 2X GOOD SHORT ENTRY POINTSThank you for your likes and shares! Much appreciated! _______________________________________________ The market is at a very important price which has been a reversal point lately (Fibonacci 78.6% ). This price is a strong resistance now and could become a strong support if the market moves upwards. Upwards, the market former uptrend will be the limit where an amazing short entry point could be expected with possible nice pullback down. In the other side, downward, if the market breaks its horizontal ranging support with a nice candlestick, there is a high probability to see the market going down further with an interesting short entry point (targeting Fibonacci 23.6%). Timing: From middle of next week to middle of the week after. (Wednesday to Wednesday)
TVC:SPXShort
by Diallo_Charts_Ideas
3
BTC Range, opportunity to trade.Context: As I said in my previous Bitcoin TA that went exactly as expected, the Bitcoin price is ranging upward. In this chart, this range is defined by the green range zone. After the pump that I anticipated in my last TA, price is consolidating. Opportunity: After this short consolidation I believe that the price is going to pump to the $6870 resistance before it will pull back to the bottom of the range. This resistance is confirmed by several elements that are appearing on the chart: 1) The 68.20% fib level from the most recent Bitcoin pump that happened at the end of July, 2) The resistance on the RSI that is corroborating the recent movements of the Bitcoin's price, 3) The same kind of resistance is present on the OBV indicator. Confirmation: Very short term LONG position: This position is effective now, but be careful (do not forget your stop-loss). Short term SHORT position: This position will be confirmed when the price of the Bitcoin will reach the resistance at $6870 and that the MACD Signal line will cross the MACD Line downward. We will as well see the RSI and the OBV react as anticipated. Invalidation: Very short term LONG position: This position will be invalidated if MACD cross happens before any pump and that would confirm that a downtrend is created. Short term SHORT position: This position will be invalidated if the price goes over the 68.20% fib level and CLOSE over it. Even if the 1'st position is invalidated, I think that this SHORT position will still be tradable.
BITFINEX:BTCUSD
by hainsdo
4
S&P500 is in 3 monthly cycle now. April/May I expect start climbS&P500 is in 3 monthly cycle now. I expect this to become an horizontal chart till the end of March. April / May I expect a new hugh climb will start. OR when an invert cycle starts, when lower resistances are broken, a huge short will appear. In my opinion S&P500 is very overbought. One day it will collapse to $2100 area. That will be the retracement to the previous horizontal pattern. Till that time we are bullish! My strategy is to never trade on volatile markets. You will lose your money when you do! Just like last week, when came up unexpected volatility, we lost two trades S&P500 and also two trades Oil. The won positions a few days before were at a steady market. Trade on technical-chart analysis! not on news and volatility! Well, one of my other strategies is that trades are only interesting and ‘safe’ to open when: you can possibly lose 1/3rd of the possible profit. So; when you set the indicators after analysing resistances, and you can lose 100 but win 300, it is worth the try! How do I decide to open a position or not? First I analyse: - sentiment on the market > are people in buy mode or short mode - I have some own created indicators, some I show in my charts. - and this own indicators tell me If a new long position starts or a new short > these are the positions where I place my orders! - and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market! And that is Why I win more than I lose. Patience is everything, we’ll wait for the right moment! Most of the times the sentiment changes on Monday! Thank you for following and Succes with trading ! Richard from Rich.Exclusive.Trading
SP:SPXLong
by Rich_Exclusive_Trading
2