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Sideways

SPX500. Bullish butterfly pattern forming at 4H TFPossible bullish bitterfly is spotted on SPX500 but 4H candle close above 2160 level will invalidate the idea. If confirmed, this pattern can test the bottom of the fork which is built from September´s high through this month´s peak levels. Short entries are welcome from current values. I will add shorts on market opening as I´m already in a short position as per my previous idea. SL: 1270, TP: 2116 Longs: Entry point: 2116 SL: 2100 TP1: 2140 TP2: 2155
FX:SPX500
by captain_smollett
EURUSD: AnalysisOn FX:EURUSD , the market moves sideways last few days. It found its support at 1.2305 and resistance at 1.1268. The red box shows that the market cannot decide who will get control of the price, Bears or Bulls. The best approach will be to wait breakout and then enter short/long, as people say follow the trend. Few fundamental news coming out today and it is expected that there will be breakout and strong move. Thus, keep an eye on this setup. ----------------------------------------------------------------------------------------------------------------------------------------------------- Top 10 Forex Brokers List - www.best10forex.com Best Binary Options Brokers - www.binaryreviewed.com
by Art_of_Trading
EURAUD - Bullish Gartley+++ Don't forget to LIKE & Follow+++Price is in a sideways move - since price broke up previous PullBack. This sideways move is presenting nice Deep Bullish Gartley on 1H, here on EURAUD. Stops and Targets are conventional. Entry @ 1.4709 Stop @ 1.4672 Initial Target 1 @ 1.4771 Initial Target 2 @ 1.4809 Good Luck! -Alex I'm a Professional Currency Trader & Mentor with years of trading experience. Download my Free Ebook & transform your trading Today! bit.ly If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
EURCHF: Wide stop loss longWe can take a long here, fading this momentum run to the downside in a mostly quiet and sideways market. Support is potentially strong against this level, so we can expect upside soon. Check out my updated track record here: pastebin.com If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers! Ivan Labrie Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask. Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by IvanLabrie
GBPUSD - Bullish Cypher+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish Cypher Formation on 15M, GBPUSD. On 15M market is breaking structures to upside and downside so it is not a surprise that we see advanced patterns in sideway moves. Stops below X, targets are conventional. Entry @ 1.3136 Stop @ 1.3101 Initial Target 1 @ 1.3166 Initial Target 2 @ 1.3185 Good Luck! -Alex I'm a Professional Currency Trader & Mentor with years of trading experience. Download my Free Ebook & transform your trading Today! ow.ly If you'd like to see more good trading ideas from me, click the "Like" button! You can get my trading ideas immediately, just make sure to follow me.
Long
by Aleksandar_Rose
Bitcoin at an Important Short Term Cross RoadUp until now Bitcoin was still consolidating in a wide range of $680-630 in the ascending triangle and did not rally as I expected after the halving day yet to retest $750-790 area. One thing you can learn from Bitcoin's behavior over the years is that it ALWAYS retests the previous high a second time. Also Bitcoin LOVES to bounce within triangles. Currently we have a series of 1H 2H 4H and 1D Bollinger Band Squeeze on the Bitcoin chart which indicate that Bitcoin will strongly move in one direction. Both bear and bull directions are depicted on the chart. If you have not been trading Bitcoin for several weeks now well now is the time to watch for the big move that will unfold in the next few hours and buy/long or sell/short the breakout accordingly. In case of a strong move down and increased volatility Bitcoin could still head to $560-570 to double bottom. Other indicators and factors to consider: $660 support has held strongly so far The 1W RSI megabull trend is still holding strong We have 2 ascending triangle as shown on the chart (kind of a failover just like we had at the 400s The 1D and 1W momentum are still bullish showing that the longterm bulltrend is still intact Google trends shows an expected interest calm which is usual after the strong interest surge of the last spike from $450 to $790: prntscr.com Longterm: Bitcoin is still in a bull market and should reach $950-1000 USD by end of September and new highs close to December 2016- January 2017 I am here to help. Feel free to ask me questions or Private Message me directly. Also follow me on Twitter: twitter.com Also check out our new website in our profile (still work in progress!) Where can I register and buy/sell/trade Bitcoin? Bitfinex Signup: www.bitfinex.com (0.2-0.1% fees - Accepts Worldwide users – If you deposit BTC to the account you can trade without needing verification!) Okcoin Signup: www.okcoin.com (Very low fees and offers 10x 20x leverage - Accepts Worldwide users except US residents – If you are a US resident you can always take the risk and open an account but remember the fake ID # you will put in there) SimpleFX Signup: simplefx.com (High leverage - Accepts Worldwide users) Circle Signup: www.circle.com (US & UK Residents Only) Coinbase Signup: www.coinbase.com (Accepts Worldwide Residents) BitMEX Signup: www.bitmex.com (Offers 50x leverage - Accepts Worldwide Residents) If you join Bitfinex under my referral you will get %10 discount on your trading fees the first month! If it is your first time trading Bitcoin I highly suggest to open an account with Bitfinex and Okcoin.com. if you need help trading I will help you out :)
BITFINEX:BTCUSDLong
by BitcoinGuru
6
What is next for the S&P 500?? Now that the S&P 500 closed out 2015 with an annual loss, you are bound to hear all kinds of dire predictions about the market’s fate for 2016 and beyond. My focus is not weather the dire predictions are true or false. My focus is on the explanation and a visual representation of where some of the predictions may come from. The S&P 500 closed the year down 0.7% at 2043.94. But I can almost guarantee that someone will call for a drop to the 1800 level. Could it happen? Sure. Anything is possible. The chart in this idea should show you why. Let’s take a look at this weekly chart of the S&P 500. The first thing you should notice is this chart has two uptrend lines. I have labeled them UT 1 and UT 2. UT 1 is an uptrend line that starts back in 2009. UT 2 is a steeper uptrend line. I drew this uptrend line on the chart so you can see that the S&P 500 began going up quicker in the second half of 2011. It continued at this new pace through the first half of 2015. But that is when the big picture changed. Take a look at UT 2, in mid August is when the S&P 500 crossed below UT 2. Just as interesting is that the S&P 500 has stayed below UT 2 since then. Since the candles are no longer following the uptrend line, UT 2, many wonder if they are following a downtrend line. I have drawn a red downtrend line at the top of the candles. It seems the candles are following DT 1 for the time being. And since the S&P 500 is below UT 2, one might consider the possibilities that it could come back to UT 1. Hence the 1800 estimate you may read about in the coming days & weeks. Now that we have established how low the S&P 500 might go, let's talk about a couple more possibilities. What if the S&P 500 goes sideways for some time? Actually, it has been going sideways if you look at the chart the right way. Since mid 2014, the S&P 500 has closed above 1920 ish but below 2125 ish every single week except 3. So it is pretty safe to say the S&P 500 is going sideways, albeit in a fairly large range. If you see this sideways action continuing, a great investing strategy will be to go long in the low 1900's and sell (or get short) around 2100. What if the S&P 500 gets above the red downtrend line, DT 1, and then sets a new closing high above say 2135? Well some will say the S&P is going higher. How much higher? I surely couldn't tell you. But at that point, I would agree with them and I would get long (if I wasn't already). So let's recap real quick. 1- You might hear that the S&P is going down to 1800. And it might because that is essentially where UT 1 will be in the near future. If the candles stay below DT 1, it may be time to be short. 2- The S&P has been going sideways for a year of so. You can try to initiate longs when it is in the low 1900's and initiate shorts around 2100. This will continue to work as long as the market continues going sideways. 3- When the market closes above 2125 (top of the sideways channel) you can start looking for a close at or above 2135. These new highs could be an indication that the market is headed higher. It may be time to get long at that point. Thanks for reading! Limit your risk. Protect your gains. Trade what you see. Not what you think, or feel, or hope, or…
SP:SPX
by TheTrendLineInvestor
Bitcoin Bear and Bull Fractals at Crossroads AgainBears: Bitcoin is showing weakness with a double top at $475-500 and H&S formation as well. A move below $400 on Bitfinex will confirm the bears taking over and a potential revisit of $340-350 and even $315. Bulls: If we manage to hold above $400 then we will stay in 2 weeks of sideways and consolidation and break out after January 15th towards new highs of $650-680 Note: Any bad news e.g. BitcoinXT Fork etc. can wick down Bitcoin to $275 then shoot it back up. Donations: 1Kbfudifg5n9DtpYymcL3E8pE2oX4Vq7CG Bitfinex Signup: www.bitfinex.com Okcoin Signup: www.okcoin.com Follow me as well on Twitter see my profile for more info..
BITFINEX:BTCUSD
by BitcoinGuru
EURUSD - Trading SidewaysThe EURUSD started trading sideways. A Symmetrical Triangle can also be drawn on H1 and H4 charts of this currency pair. Considering this, would be pretty hard to determine what is the next move. I would wait for a break outside the range between 1.1214 - 1.1114. A break above the resistance would signal a rally for which I have as a target the area around 1.1300. A break below 1.1114 would signal a drop towards 1.1000. I tend to believe in a down break towards 1.1000 in the next couple of days. For intraday trading lowering the time frame might help.
by Razvan
3
SPX is in a congestion phase and should restest the lowsIn these time of uncertainty, it is very difficult to take a position on the equity markets. I still think there is no reason to have a bigger correction than the one we have known in August, but I believe the market has to retest the lows before rallying again. I think several scenarios/events could hit the market before the end of October. (2 possible FOMC surprises in September/October, China issue,...) I do not know where the bad/good news will come from, but we can feel the market is waiting for it, and this is materialized by the congestion/sideways market we are experiencing today. Technically, a congestion after a fall leads often to another fall. For the Eliott's wave amateurs, remember that in a correction we have 3 waves, a, b, c. I am waiting for the c wave. I could be wrong, I do not think we can predict the future with the charts, but there is a certain logic when we look at the past (I refer to 1987,1998 and 2011 corrections). So as I actually do not want to take a decision now, I'll play the retest and I would aggressively buy in the yellow zone if we hit it.
FX:SPX500Short
by magnans
1
FX CHART OF THE DAY: USDCHF RANGEBOUND TRADINGUSDCHF has been trading laterally for some time now and no sits right on its weekly (120-h) mean. There is no apparent expansion volatility (measured by 3.2 st deviations) and there is no apparent slope of the mean. As there are no significant news (calendar events) coming out on the USDCHF today. traders can pick trades both ways, betting that the price will keep reverting to the mean from its 1st standard deviation Each new approach to the border of the lateral range is a risk of breakout/breakdown, so traders should not forget putting their stops close to relevant peaks/lows. When price approaches the 1st standard deviation next time (either above or below the 120-H mean) It is also critical to watch out for volatility expansion (the 3.2s, red on chard), that will signal that the price is ready to break out / down from its lateral range.
by Killy_Mel
XAUUSD: Bullish Bat Pattern w. Multiple Ways To Trade It Bullish Bat Pattern here on XAUUSD that's looking to be putting in a double bottom at the completion point. (You may hav eone already on the LTF). I say looking because on this 4hr timeframe the current candle won't close for another 2 hours or so and as we all know the close is very important to the story that the market is telling us. If you take a look at the "A" leg for a second you'll notice that Gold has recently been in consolidation since the end of March and with the recent HHHC, there's certainly the chance that we could see a breakout of this sideways action. Yes the USD is very strong and any bit of positive or "as expected" news is going to strengthen it even more. But the technicals are the technicals. With a light news day today, we may see enough relief to hit our small counter-trend targets before Thursday's & Friday's big releases come out. Akil www.TradeEmpowered.com
FX:XAUUSDLong
by Akil_Stokes
18
Anticipatory layout with important trend lines, levels, timefibsWe might be cought in sideways within the red channel for another 20 days. I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago. The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ). The question is what will happen after the yellow box? The red box like last time? Then we will definitelly see 280 again. Or if 320 holds (looks like some strong demand is sitting there), we'll see another pump like seen in the last green box ! Also check out the time fib analysis : 0.382 & 0.618 were important points in time, so 1 will probably be important too! Likely a major low/high in price. The target for a bullish move is the thick blue dashed line, which is this years top resistance trend line. You can expect sellers there.
BITSTAMP:BTCUSD
by MagnusTradingGroup
2