Get started

Usequity

S&P500 Worst case scenarioWorst case scenario painted out... a real danger to the Infinity and Beyond Projection Any attempt over the next two days is met with resistance and fails the 4H 55EMA; then it breaks down below 4320, and takes out the last low to make a lower low... only to go all the way down to 3880, fulfilling the topping pattern at the very least to the downside projection. Yellow circles point out similarities. And since failing to break up, means further break downs. Just need trigger... over the next two days. Counter projection is to break above decisively for a higher high, into the resistance range above 4400. What say you??? I know I am slightly more bearish... else won't be looking at this down side projection.
CME_MINI:ES1!
by Auguraltrader
2
ATCO more to comeI was having a discussion with one of my trading buddies today regarding my trade on ATCO, using a strategy I adapted from the great Jesse Livermore using a pyramiding order system along and below a mean using standard deviation and the Andrews Pitchfork method. Shortly after the covid drop I started to build a position on ATCO after quickly identifying the reaction from the drop creating positive market structure, I used this structure to find a mean or secular trend (although a little early to call it) to start building a heavy line taking opportunity of price action using either .5, 1 and 1.618 fib levels below the secular trend. I have had a total of 8 entries now (June12th/July13th/august20th/September25th/October29th/December17th in 2020 and jan25th/june24th in 2021) with an avg weighted entry price of 9.81. Using this strategy has enabled me to keep my avg entry price weighted to the downside staying in considerable profit the entire time with plenty of time to react to any significant market downturn that could invalidate the current trend and be able to exit the position for a healthy profit. In the mean time this becomes a risk free trade as I trail my stops up under major market structure and keep a close eye on the multiple trend lines within the ascending range. Fast forward to recent structure we have hit previous local highs mid march which then created a tight descending range forming a bull flag or potentially the handle in a much larger cup and handle formation. This has proven to be a profitable system for me to trade the equity markets looking for major trends to test previous highs and then break through shortly after a short term consolidation. Last night we got a glorious break of that flag with very nice volume to back up the momentum or participation from the down trend and its looking very strong and optimistic now for the break from previous highs and to head back into a price discovery for 2021 above 15 dollars. This trade although not a huge price action % gain has been one of my most profitable position trades to date, which currently sits at almost 26R (based on original account balance from entry), This has been an incredible trade to manage so far and is one of the reasons I love this strategy of position trading so much.
ALong
by DeNomics
5
Potential Diamond pattern-Head of a possible Head and Shoulders My current opinion (to be invalidated if there are signals that contradict my current view). On daily charts, we could probably see an ultimate outburst to the top next week before a progressive collapse (on November 2019?) of the US (and therefore worldwide) equity markets. If this happens, then we would have a perfect Diamond pattern which would be potentially the Head of a Head and Shoulders' pattern. I'd pay attention to the monthly diagonal supports, in addition to everything you know (whether it is linked to data analysis, indicators, patterns, momentum, volatility, intermarket analysis etc.). If this, which could appear to be too good to be true for long-term short-sellers, really happens, then maybe we could see the "Trump rally" become erased(Fundamental new could be linked to raise in corporate taxes again? Punishing the FANG etc?). Borrowing could become more expensive (increasing interest rates). This would go the same for the European Quantitative Easing. We would then be back to 2014-2015, where I think every equity markets started to become a Central Bank-engineered "price bubble". Volume could decrease towards the formation of the potential second shoulder, then spike while the neckline is being cut. The RSI could start going lower and lower until oversold territory. But this would be a positive sign for shorts.
OANDA:SPX500USDShort
by UnknownUnicorn569872
SPX Approaching Support, Prepare For A Drop SPX is approaching its support at 2837.1 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 2958.4 (61.8% Fibonacci extension, horizontal swing low support). Stochastic (89, 5, 3) is approaching resistance where a drop could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
TVC:SPXLong
by Tickmill
SPX test horizontal swing high resistanceSPX reversed off our first resistance at 2956.0 (horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 2856.0 (horizontal swing low support, 38.2% Fibonacci retracement , 100% Fibonacci extension ). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
TVC:SPXShort
by Tickmill
SHORT Dow Jones Carves A Lower High at 24860!The Dow Jones index has made yet another high at 24860 levels before pulling back, which could be a potential top for the down trend to resume further. Please note that Dow Jones pulled back close to the down trend line passing through around 25150 levels and just ahead of fibonacci 0.786 resistance at 25100 levels respectively. This might not be a confirmed bearish reversal though but potential remains for bears to take control from here. Looking at the wave structure, after having produced an impulse wave lower Wave (1), followed by a flat corrective Wave (2), the Dow Jones might be unfolding Wave (3) lower and might have completed waves i and ii at 21800 and 24860 levels respectively. If the above structure holds, we could see much lower levels going forward. Please note that 26000 levels needs to hold for bearish structure to build on from here. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DJ:DJIShort
by FXTM