Get started

Wallstreet

S&P500: Trade the break-out of the Rising Wedge.The index is trading within a Rising Wedge pattern on the 4H chart (RSI = 65.584, MACD = 10.000, ADX = 30.906) and has reached the point of exhaustion. With the 4H MA50 supporting, it is more probable to see an upward break-out. In any case trade the direction of whichever break-out takes place first: bullish TP = 3,407 and 3,429 while bearish TP = 3,367 and 3,339.50. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated. ** Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ** Previous signal:
OANDA:SPX500USD
by InvestingScope
1
Dow Jones: Sell opportunity within the Channel Up.DJI is trading within a Channel Up on the 4H chart (RSI = 55.798, MACD = 115.900, ADX = 32.013) since late June. Today the MACD made a red cross, the RSI has already since Aug 11th hit its Resistance, and it looks as if the Higher High is priced in. We are expecting the price to touch the 4H MA50 once again around 27,100. ** If you like our free content follow our profile to get more daily ideas. ** Comments and likes are greatly appreciated. ** Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. **
TVC:DJIShort
by InvestingScope
1
Go short Dow, fake break, 300 point gap fillExpecting a breakout fakeout here on the dow, 5 min moving averages are very bearish still. These moving averages in no way support a breakout here and daily is very overbought. There is a gap fill still not filled from 3 days ago down at 27690, let see if we can get a 300 point move out of this to the downside. Stop at the daily high 28160, (lower down once fake break confirmed) Leave a like please and I'll keep updating this trade for you as we go through it
OANDA:US30USDShort
by breakoutfakeout
DJI (Wall Street) wobbles. This is a 1H time frame. The perspective is confined to this time frame only. There are no predictions on this chart. There is evidence of an important trend switch for the south, visible to everybody. Trend switches do not mean price is gonna fall. It only creates a greater probability of movement in the direction of the switch. For every probability in one direction, there is a residual probability in the other direction. Lots of traders seem to forget about the residual opposing probability in their risk assessment. This is why I often say that I predict nothing. If anybody goes short on this in the kill zone area, they have to be able to take heavy losses. I always talk about losses quite openly in many of my posts. It is actually the most important thing in trading, to control. Actually it's the only thing any trader can control. Incidentally, look at what's happening with Gold - something I warned about. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
7
Analysis On GBPCAD is to go short soon.In this analysis, you will see that price has been in an uptrend. However, reacted significantly at KEY Level Of Resistance. That allows price to reverse and started a new found downtrend. We can also see that it's respecting market structure by forming a series of Lower Highs and Lower Lows as well as breaking levels of past support and retesting as future resistance. Hence, the strong bias on going short upon the retest of new resistance level.
Short
by MaximumProfitsAcademy-M-P-A
Stand or fall, state your peace tonight!I can't predict the future, unlike many of my fellow traders. However, I know a bad weather setup when I see one. Have a look/listen. I don't like what I see. I see storm clouds gathering. I see delusional pumping of a market. I see a deep disconnect between reality and sentiment. I see momentum falling off. But make no mistake - I do not underestimate the power of the FED to pump! The FED's so-called 'balance sheet' has gone wild and is set to go orbital, in a do-or-die attempt to save the economy. They have the power to print - and oh boy, they're gonna print! The balance sheet can easily head upward of $50 Trillion. This means the market could do a 100% retracement, from 23 March 2020. Along the way people are gonna wake up to " What's the value of money? ". This could send Gold into orbit as well - but if the market crashes don't expect too much of Gold. What's keeping this market up? FED cheap money for sure - and the FAANG stocks. That's about it. Fundamentals are about reality. Sentiment and technical analysis are the fantasy (which we normally exploit). What happens when reality catches up with fantasy? PAIN! Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
FOREXCOM:US30
by Captain_Walker
4