Spx500buy
🟢 SPX - 1D (08.10.2022)🟢 SPX
TF: 1D
Side: Long
Pattern: Double Bottom / Harmonic Bat
SL: $3275.91
TP 1: $3875.47
TP 2: $4055.71
TP 3: $4201.38
There is some bullish divergence on the 1D time frame on SPX.
Possible double bottom could be forming here if the $3,500 support holds.
This would see bullish continuity through to the end of the 2022.
SPX500 BUY IDEAVery clean entry -- They really do this at the most unexpected times to get you. I PROMISE YOU HALF the people on that sell was holding the trade and very few people took partials/profits. (GREED) Market wanted all those positions... Promise you there were MANY buy limits at that 0.618 zone as well because people wanted to see it hold there and find resistance to sell off once more..
Will post below Lower time frame chart which I cant post when I publish the Idea (has to be 15M or higher)
11:1RR on this trade -- SPX500 BUYWe had already taken SSL and then after we got that large expansion and retracement into OTE 0.618-0.705 which was also inside of FVG that was my hint to enter the trade. We have build up lots of bsl and it looks like a complete MMSM has been created. Will post more details/explanations under this section as I see fit.
Late day PM Session Trade for SPX500Confluences:
- SSL was taken
- Filled in 15M FVG
- BSL Taken / MSS
- Retest above FVG after respecting Breaker OB
- LOADS of BSL from the heavy selling today
- If we are still bearish which is likely -- Looking to take profit at that previous low from 9:30am. That would be a key resistance area.
Just for educational purposes, still learning LOTS about this market and I have gotten humbled SEVERAL TIMES. So take everything I say here with a Grain of SALT.
S&P500 (ES500) likely to move up ..high riskHey tradomaniacs,
todays morning orderflow looks fishy and we might see a move up due to trapped sellers getting fooled by iceberg-orders.
If aggressive buy-pressure comes up soon and sellers give up against the whales we might see a correction to the upside.
I`ll give it a shot even tho its a very risky trade... let`s see
SPX500 likely to MOVE UP!Hey tradomaniacs,
previous sell-offs due to the fact that the market realizes FED is not kidding with rate-hikes were pretty strong, but will probably correct soon as the sentiment is too bearish and has oversold the indicies such as SPX500 and NASDAQ100.
We will probably see a move up to attract more buyers in order to get more liquidity for the sellers.
So far the day has been a mess, buit the previous breakout did not cause another rally which is a strong indication for a reversal due to exthaustion by sellers at the bottom of the day.
Liquidity turned out to be pretty bullish as we head into the after-lunch-session and I could imagine to see a strong breakout here to the upside (short squeeze).
Let`s see what happens =)
S&P 500 See, according to the existing page, our external harmonic bat pattern enters the fall from 4632 to 3875
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Fibonacci says we may have a 50% return, maybe up to 38 Fibonacci and sometimes 23 Fionachi will go back.
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We now see 4 strong downward contexts
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But this 200 pp rise does not mean that stocks are rising
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With this situation, the news that indicates inflation in the world and traders are going all the way to gold.
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I hope you are not fooled by HFT institutions in transactions
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We are the market fuel, so let 4500 be completed and the market trend be determined