Elliott wave in 1day chart. Is this time to exit?Kindly follow for daily new ideas.💡 feel free to contact in Personal if you have any doubts. I’ll always help for free.
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Impulsive Elliott wave in 1day chart of Bitcoin/USDT . If you’re long term hodler, You do not need to worry because on weekly chart it is still on 1st wave. (yes, this is good news ;) )
This is a simple yet advanced level technical analysis for BTC .
As i said stop loss at 6500 is more safer than 6800. Can you guess the reason? i’ll write in comments.
Tradingsetup
S&P 500 - anticipate up thrust with a short setup27 Apr 2020 recap - on the daily chart, S&P 500 continued to edge higher with decreasing spread and slightly lower volume compared to last Friday's session. During the last hour, it attempted to test the swing high at 2885 but was rejected and closed at 2869, which is inline with my daily market analysis from yesterday. Feel free to check out my market analysis from yesterday below:
Despite the up wave since 22 Apr is laborious, the low supply level does not provide confirmation for short sellers to jump in. Nevertheless, S&P 500 futures reach the resistance level near the swing high at 2885 and it should unfold itself soon.
Bias - down
Key levels - Resistance: 2885 (swing high), 2915 Support: 2840, 2800, 2750
Potential setup - An up thrust or a test of the day high/non-RTH high should provide a good short entry. Else a commit below 2840 with a weak rally up should see continuation of the down swing to test the support at low levels.
Bullish Technical Setup provided by ALEC / Through 26NASDAQ:ALEC
Hey Guys, today i´d like to showcase you a sharp ooking Long Setup for a shorter time frame.
We are looking here at an uplifting and trending Bio TECH Stock that has shows previous Strenght when the market had its weakness.
Alector, Inc. operates as a clinical-stage biopharmaceutical company. They are developing therapeutics for the treatment of neurodegenerative diseases including frontotemporal dementia (FTD), Alzheimer's disease, and Parkinson's disease.
No real profits are yet achieved for the Company but it still has a solid looking balance sheet.
ALEC had a appropriate Consolidation Phase last week where it bounced back multiply times from the 26$ Resistance Level.
Looking at the Hourly the Stock set ups very well it its given Range
The Moving Averages dispaly that the Stock should be ready for a breakout expansion with a confirmation from high Volume following through.
My Entry would be at 26.10 to not get trapped.
Targets are 30, 32 and 36
I´d set my SL at LOD and then trail it with a 15min candel upwards to not give back any gains.
This is only my opinion on technical Analysis and not a buy or sell recommendations. Do your own research before jumping into a bandwagon.
Please leav me a like or a comment if you want to see more of my Analysis !
It would mean a lot to me and id´be greatly appreciated.
Thanks,
Sebastian - TradingExperts EU
S&P 500 - no excessive supply in trading range24 Apr 2020 recap -As mentioned previously in the S&P 500 market analysis ( CME_MINI:ES1! ) after the down wave from 20–21 Apr, which is a change of character stopping the up move to at least a trading range (if not a reversal). Refer below if you are wondering:
There is no excessive supply after the down wave. So far, S&P 500 is able to overcome a few key supply zones and is at the resistance area close to 2885. It is possible for it to test the swing high at 2885. It is expected for S&P 500 to trade between 2715–2885 trading range.
Check out the video below for a complete walk through of the daily market analysis of S&P 500 futures for 27 Apr 2020 trading session.
Bias - down
Key levels - Resistance: 2885 (swing high),2915 Support: 2830, 2800, 2750, 2715 (swing low)
Potential setup - Should S&P 500 test the swing high near 2885, look for a rejection from that area to initiate short entry, with a stop above 2920. First take profit target at 2830 and other key support levels.
S&P 500 shows further weakness ahead - daily market analysis23 Apr 2020 recap -After the announcement of the jobless claims report, S&P 500 rallied up above 2800. The up swing continued after the US session opened and tested the axis line of 2830 as mentioned in my previous video on 23 Apr 2020 on the short squeeze scenario.
Yet, the rally was unsustainable and closed lower at 2780.75. This was the first time for the S&P 500 ( CME_MINI:ES1! ) to close lower after the jobless claims report since the tremendous spike in jobless claims numbers started in 26 Mar 2020.
Yesterday's candle tested the channel line as resistance, the breakdown bar on 21 Apr 2020 and the axis line at 2830, followed by a rejection and closed at the low.
Further weakness could lead S&P 500 to test lower levels of support at 2750 and 2716. A break below 2716 should S&P 500 to test 2625, which is an important level.
Bias - down
Key levels - Resistance: 2800, 2830 Support: 2750, 2716, 2625
Potential setup - look for a rejection from the previous day low at 2784 or a test into the last hour bar 2787–2812 to initiate short entry. First target at the swing low at 2715 with a stop loss above 2819.
S&P 500 trading range with a bias to show further weakness22 Apr 2020 recap - S&P 500 futures ( CME_MINI:ES1! ) tested support level at 2800 and gave back the gain during the London session while digesting the volatile oil trading session and waiting for US jobless claims report later.
The rally from yesterday has shown rejection twice from level 2800. It is worth to note that the rally also tested the up channel, which becomes a resistance trendline.
It is expected for S&P 500 index to have a swing down to at least test 2750 or the swing low at 2715 if it is weakening.
Should 2715 be broken, we should see a test at 2625, which is an important support level for S&P 500 futures.
So far, I expect the price to spend some time within the trading range between 2715–2800, with a bias to break below 2715.
Bias - down
Key levels - Resistance: 2800, 2830 Support: 2750, 2715, 2625
Potential setup - look for a rejection from 2795–2805 to short. Else a break below 2773 with a weak rally up could be another short entry. First target at the swing low at 2715. Stop loss at 2810.
S&P 500 breaks down the up channel - range or reversal?21 Apr 2020 recap - S&P 500 futures ( CME_MINI:ES1! ) broke below the up channel since the bottom from 23 Mar 2020 and a key support level around 2750 with increasing supply, as spooked by the meltdown in oil price.
This is a change of character for the uptrend, suggests that the up move could at least stop for now, at minimum to go into a trading range if not reversing to test the the lower support levels.
Should S&P 500 commits above 2750, this would violate the bearish case and a trading range between 2720–2880 is likely.
Bias - down
Key levels - Resistance: 2780, 2800, Support: 2750, 2717, 2635
Potential setup - look for a test of the of the break down around 2775–2800. A rejection from this level could be a good entry for short. First target at the swing low at 2717, second target at 2635. Stop loss at 2791.
DXY OutlookGenerally, the U.S. dollar index has been in a bearish setup since 1986 as can be seen by the black parallel channel. However, price has been trading in the lower half of the bullish channel which began in 2008 and broke resistance at 161.8% of the Fibonacci level thereby exposing the DXY into the upper half of the bullish channel.
In this view, I have a long bias with a price target of $111.43 (high resistance region).
Long $LX - 1/8/2019I entered a long position in $LX based on some nice patterns I've been stalking for the past 2 days. $LX recently made a new 8 month high and pulled back into the 14.50 support area. For the past 3 days $LX has been consolidating right above this area of support with 3 inside candles in a row on the daily chart. On the 30m chart, $LX developed a coiled spring pattern which is indication of explosive volatility in the near future. Due to these multiple patterns stacking upon each other, I entered a long position at 14.97 after $LX held the 14.50 area a third time on the 30m chart. My stop loss is at 14.48 with a target at 17.
The overall macro conditions of the market at the time of the trade looked good. The Iran War fears were fading and $SPY was making new all time highs continuing the bullish trend. However, market conditions are still volatile and I will keep a close eye on macro conditions if early exits to protect capital are warranted.
USDCAD - DIRECTIONUSDCAD already hit Weekly Counter Trendline
We can see price dropped pretty significant 2 Weeks ago (02 Sep '19)
Our bias should be "sell" now , any buying attempt consider invalid
Scale down to Daily Timeframe to find entry point
Analysed by
Rayhan Ramlan Esfa - @rayhanre
Stevano Devon - @stevvon
Adika Anugrah - @wixfor_x
AUDNZD TRADING IDEA SHORT BIAISafter several test of this ressiatance level , we can probably expect a mouvment to the downside. the stop loss and take profit are just to show and idea of the RR potential , so we will be flexible and strategic with this position.
To see more of our setups don't hesitate to DM me , it's free , you can also follow us on Instagram @airforexone
Ethereum Trading Setups for both Long and ShortHere is ETHUSD 4H. I would consider current region to be quite risky to enter any position until more sub-wave structure gets formed.
ETH recently had broken the yellow triangle below and bounced around 0.786 retracement level.
If we see some uptrend move to retest the bottom of the triangle, it might be a adequate place to enter short.
Moreover, there is a blue mid-term trendline passing above and thus even if it fails to retest (breaks above the bottom of triangle again), I would accumulate more shorts expecting some more resistance from this blue trendline.
For long, I have extended the bounced sub-wave to 1:1 which also happens to be region where yellow long-term trendline passes.
Missed $GVT and $SALT Call? Don't Worry, $QSP Here...Quanstamp having $23 millions dollar market capital with 976+ millions on total supply. QSP is the alumni of Y Combinator and already having 4 regional offices: San Fransisco, Toronto, New York and Tokyo. Their work is helping clients with an understanding of using smart contract and blockchain. Quite relatable with what we need in the status quo. They already have clients! So far, it's great fundamental and match with the industry niche.
Right now chart is also looks very juicy. I love the chart because it really looks like SALT and GVT on it's recent bottom.
As you can see the same setup on GVT and SALT giving tremendous result lately, and I expect the same thing happened to QSP.
If this ideas helps you, give it a thumbs up, comments and follow me. Thanks a lot!