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S&P 500, DAX, And Dow Break 38.2% FibonacciWhat a Monday we’ve had, investors appear to have responded properly to unlimited cash components from the Central Banks and the introduction of latest stimulus. This comes on the heel of optimism over the spread of the coronavirus in Europe, where the curve maintains flattening, indicating the worse can be at the back of us. This is great news for the world but also an awesome sign for buyers. While the future remains uncertain and there are talks of unemployment reaching a mean of 30%, at this point, it seems buyers aren’t worried, so long as they have inexpensive stocks to alternate on and that’s why today’s focus may be on indices. Let’s begin with the DAX, the index controlled to finally wreck the 38.2% Fibonacci stage. The fee appears to be on the proper music to cowl the gap shaped at the start of March. First, it ought to spoil two crucial resistances; the first one is the top line of the wedge and the second one is the 50% Fibonacci degree. The wedge has a tendency to be a trend continuation pattern so a downward movement is still likely, mid-term buyers, however, can still enjoy trading the upward push of the index. We’re transferring on to the Dow Jones which changed into yesterday’s index of focus. The inverse head and shoulders pattern has worked permitting the fee to check the 38,2% Fibonacci degree and then spoil it. The next Fibonacci resistances however aren't so promising. Recent rate moves have touched the 23500 and the 24900 resistance levels. The S&P 500 is in a comparable situation; the rate has without difficulty exceeded the 38.2% Fibonacci level. Now the rate is hard the local resistance level of 2700, which seems promising for sellers. In my opinion, the essential resistance for the S&P 500 is the 2880 stage, where we can have the top line of the flag. This is likewise a fashion continuation pattern.
OANDA:SPX500USD
by aleex5893
MMM - Opportunity for Short Hey guys! Here's my view on MMM: Summary Price bounced off a strong support, captured by the recent spike and I am expecting a further push to 168.79 before a reversal. How I would play this trade: Entry: 168.79 Stop Loss: 190.26 Take Profit: 97.21 Reason for my view: There was a strong bounce off the 61.8% fibonacci retracement level, in line with previous breakout levels, as seen by the recent spike. With the $2 trillon rescue package recently injected into the economy, it could provide a temporary boost in market risk sentiment. This could see prices rally higher to test our resistance level at 168.79. Overall bias remains bearish as price is holding nicely below its descending resistance line and 35 EMA. Fundamentally, the Covid-19 outbreak worldwide is not showing signs of peaking out, which could further impede the global recovery. Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
NYSE:MMMShort
by TradingBean
American Airlines Heading towards 9 Years LowWelcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work. AAL price broke the diagonal support it held for last monthly candle. And price has heavily broke it and heading downwards and expecting a target around 3.87 where 9 years low held and the support formed. Profitlio Trading ( Since 2014 in Financial Markets ) ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups being shared here on tradingview is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements. Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
NASDAQ:AALShort
by Profitlio_Trading
DBS (D05) - Key levels to BUYHey guys! Here's my view on D05: Summary I will place a BUY limit at the second support zone 11.52 - 12.40. Action: Buy Limit: 11.52 - 12.40 Stop Loss: 9.90 Take Profit: 16.90 Analysis: Price is testing the 1st support zone now and we could see a bounce to our resistance zones highlighted in red. IF price breaks the 1st support zone, it is likely to push lower to our 2nd support zone where I will look to enter a BUY limit there. Alternatively, you can also look to play the bounce at current price to our first resistance zone before waiting for another entry at the 2nd Support Zone. Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
SGX:D05Long
by TradingBean
4
TUI AG stock strong sell-offTUI AG is was already in a clear downtrend providing us with short opportunities at monthly imbalance around 12 per share. As expected price sold off strongly from that imbalance and has ended up created another huge imbalance around 11.39 per share. We do not need to pay attention to stock fundamental analysis when trading supply and demand imbalances. Of course we can read about the company’s profile and even the big news but that should not prevent you from taking a valid trade using a supply and demand imbalance stock strategy. HSBC has downgraded its investment rating on TUI AG, does that mean anything? Well, not really if we are supply and demand traders. We already know that the monthly timeframe has a bearish bias and new supply imbalances are being created. We should not care what HSBC or any other analysts say about TUI Ag stock, it will not change the fact that we have new strong imbalances.
XETR:TUI1Short
by AlfonsoMoreno
3
How i know what stock have a good future in a crisis - TutorialHello, Some people asked in Telegram / PM how i know what stock will go up and which one should them short or long. I made a list about the different sectors of SPX 500 if its needed to go bear or bull on it. After you choose the sector you need to check the ADX of the coorporation, it need to be strong and always remember to chose the strongest coorporations of the sector that you selected. Here is the graphic: imgur.com You can see my last charts that i did green on almost all of them. Hope you liked and helped to you! Please follow me to keep doing daily analysis for free! Thank you so much! Regards,
NASDAQ:ZMEducation
by aleex5893
TESLA Respected the Key SupportWatch for this parallel lines the price hints. We can the price well maintained under the pressure within two parallel lines but with the bubble price broke the resistance line and boomed. With hard fall in price after COVID tensions we can see a respect happened on the Upper parallel line and it formed as support by now. I expect price will continue its break through back to the parallel lines while having a failed attempt to break it earlier
NASDAQ:TSLAShort
by Profitlio_Trading
1