Based on previous moves and normal wave pattern behaviour of charts this is a great moment to short it again. First take profit at 1 level lower in 2/3 days Second take profit 2 levels lower in 5/7 days After that we can go up again.
Pattern: Channel Up on 4H. Signal: Bullish (A) as long as the (dashed) Higher Low trend-line holds, Bearish (B) if the (straight) Higher Low trend-line breaks. The orange Triangle is a neutral zone. Target: (A) 2970 (just below the Resistance), (B) 2760 (just above the Support Zone). ** Please support this idea with your likes and comments, it is the best way...
You thought that only the NCAA is entitled to a "March Madness"? Guess again. This chart shows that during recessions (the 2000 and 2008 Bubbles in particular), the S&P index makes a counter-trend rally in March that lasts for 2 months and sees an end in May. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and...
I will be looking to cover my short positions at $2,719.00
Fridays always pumps, so let see, can we hold this fib projection and level.
Pattern: Channel Up on 1D. Signal: (A) Bullish as long as the Higher Low trendline holds (B) Bearish if the 1D MA50 breaks (ideally when the MACD makes a bearish cross too). Target: (A) 2990 (contact with the 1D MA200) and (B) 2470 (the nearest Support). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and...
Following the attention that my recent Dow Jones/ S&P500 ideas got (you can find both at the bottom of this study) in relation to a potential market crash, I thought it would be a good time to look look at how the stock markets (S&P on this particular study) went by in times of sharp increase on the Unemployment Rate. ** Before we start, please support this idea...
Pre-market Futures Short 17:11:14 (UTC) Sun Apr 26, 2020
Hey tradomaniacs, welcome to another free trade-plan. Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation. Market-Sell: 2796,00 Stop-Loss: 2830,00 Target 1: 2759,00 Target 2: 2727,00 Target 3: 2680,00 Stop-Loss: 34 pips Risk: 1-2% Risk-Reward: 2,57 LEAVE A LIKE AND A COMMENT - I...
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Well as you see the chart is pretty explanatory. I want your thoughts on a simple question. Was the sell-off driven by the COVID pandemic just a necessary technical bounce inside the multi-year Channel Up that started at the bottom of the 2008...
Pattern: Channel Up on 1D. Signal: Initially bearish towards the Higher Low trend line of the Channel Up as the Rising Wedge that was supporting broke downwards. (A) If the Higher Low trend line holds it is bullish on the short term. If the 2625 Support breaks, it is bearish. The region in between those is a neutral zone. Target: (A) 2800 (roughly where it can...
US500, SPX Head and Shoulder 06:49:45 (UTC) Wed Apr 8, 2020
Pattern: Channel Up on 4H. Signal: Bearish as the Channel made a Higher High exactly on the 4H MA200 and near the 0.382 Fib from ATH. Target: 2550 (the 0.382 Fibonacci from today's High and right below the 4H MA50 which is on the Higher Low trend line).
Pattern: Fibonacci retracement on the 0.382 level. Signal: (A) Bearish if the 4H MA50 is crossed, (B) Bullish if the 2650 Resistance breaks. Target: (A) 2200 (just above the 2180 Support), (B) 2790 (0.5 Fibonacci and MA200 contact).
Pattern: Channel Down on 1H. Signal: Bullish as the price made a Triple Bottom and Lower Low on the Channel Down. Target: 2600 (+10% rise as per the previous Lower Low).
Hey tradomaniacs, corona....corona...corona reigns? We`ve seen so many quick showdowns during the past years the market has always recovered from. Is this the DIP we should buy? Looking at the chart we can see it is a nice opportunity to buy the DIP of the correction. Technically delicious but very risky since the corona-virus seems to cause a market that...
Pattern: Rebound on the 2850 1D Support. Signal: Bullish as the recovery has already reached the 0.5 Fibonacci level. Target: 3190 (the 0.618 Fibonacci). Every prior rebound on recent sell-offs has extend to the 0.618 Fibonacci.
Pattern: Channel Up on 1W. Signal: Bullish as the index is close to the Higher Low zone (green triangle) of the pattern. The 1D RSI is also on the multi-month Support Zone. Target: 3390 (just below the 1D Resistance)