SPY WEEKLY 12 FEB 2024This is my weekly analysis for SPY. Understand carefully and if you have any questions do not hesitate to ask.
NOTE: DO NOT SHORT
Wallstreetacademy
NAS100 TRADE IDEA We have NFP today, NAS100 is forming a bearish trend, it is at a resistance level and we should see massive sells to the downside at the the open of the New York session and at the release of the NFP reports.
US30 LongThe price has been forming a falling channel for the past few weeks. The lowest low of the trend formed a double bottom , which is an indicator that the trend was to be a bullish move. The price is now at the top trendline of the channel.
I anticipate that the price might continue with the bullish run, and I have 2 possible scenarios of the entry zone. The first is below the current price at around 32200 and the second, at the top of the current price at around 33000.
My position will be at 32950, as I am using the pullback strategy to enter my positions hence it will be above the highest high formed.
The other reason as to why I am trading bullish is the current client sentiment of this index is 75% short and 25% long, and we are all aware that the market markers tend to move in reversal of the crowds anticipation. (Look at the Daily Forex website for the clients sentiment data)
My targets are 33500, 34050 and 34600 thus my target R:R is 1: 3.
Remember, risk only 1-2% of your account!
nas100 analysis (30 may-03 june)good morning you lot hope you guys have a profitable trading week! my expectations on nasdaq for this week are to go long on it and my reasons are as follows
1. we formed a double bottom and broke it's neckline on the daily timeframe
2. there was a breakout of a downward trendline also on the daily timeframe
3. market has formed a new higher high and broke through previous highs
4. there is a high level of bullish momentum as seen by the size of the candlesticks on higher timeframes
5. i will take entries at the retest of structure as shown on the charts either the resistance level we just broke through now or the one we broke through last week
as my bias changes i'll make sure to update my analysis but feel free to share your insights
God Bless!!!!!
Wallstreet next moveAs you can currently see, Wall Street has been in an uptrend for some time now. He has been very receptive to the trend and also the trendline lately. As you can see, the 200ema has also been retested.
The following will happen. as you can see there is a bearic divergence. The target will be the trendline/fibonacci point 0.618. This is a very logical point to reach. From this point we can start looking again for possible buys. Keep in mind that another retest of the 200ema can take place.
GBP/USD LONGAfter carefully looking at the market structure and price action analysis, from our weekly high, the Pound has bee showing some bearish momentum and If you look carefully we have zone that it has been failing to break then it formed bullish momentum with double bottom if you check on the 4hr timeframe. However we’re still consolidating as the buyers are trying to take over this market waiting for a breakout on the 1.35232 zone to go long
US30 CHART ANALYSIS GOING FOR A BUYThe BUY movement will strike after the analysis from the harmonic pattern which the market SOLD afterwards that gives you a clear prediction or a clear direction of the US30 CHART also pay close attention to the SUPPORT AND RESISTANCE from the current market price we only having 2 touches on it but having 3 touches on the HORIZONTAL SUPPORT AND RESISTANCE level.....market will start to bounce and then gives us clear BUY opportunity to enter the trade
ETHUSDT ConsolidationPrice is overall Bullish ! (Monthly, Weekly, Daily) ***Based Off Pure Price Action Market Structure***
Currently Ranging in a triangle which will eventually POP!
Price has 3 options.
1. To Pop Triangle Resistance created NEW FOUND SUPPORT to continue its Bull RUN!
2. Somehow break Support of the Triangle and creating NEW FOUND Resistance to PUSH price Further down.
3. Continue to Consolidation in this Triangle a bit longer until it decided to POP!
From where the Market stands now My Bias is moved toward option 1 considering the insane amount of wicks/exhaustion coming from the Sellers!
Pretty much a waiting game now.
Long Term Projection: 4757.20
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.
CANDEL REVERSE PATTERNLOOKING FOR A STRONG PUSH AFTER THE bearish ENGULFING PATTEREN WAITING FOR A BREAK OF THE TREND LINE.
Following MARKET STRUCTUREfollowing market structure. if the market breaks my trend line I'll jump in on sell. if it retraces pass my 88.6 I'll jump in a buy!
please give me feed back!
walmart stock prices analysishello friends !
i came with new analysis about walmart stocks price (WMT) , as you can see the chart of walmart stock prices , the price Couldn't fix the top of the daily channel , but market still is in bullish mode for long term but after the recent growth market need correction , in my new analysis for walmart i found the nearest support level , if the price break any of these support , it will move down toward the next support level , after the correction complete and we could see the sign of reversal , i will update the analysis with showed resistance in the chart .
hope it will be useful for you .
5.31.2020
GBPJPYEntered Trade Too early out of FOMO
Bearish Momentum
Simple break of Support
Should of waited for a retest before entering
150 point profit for the DOW futures Following a big rally on Monday, a semi-decent one yesterday that fizzled out mid way through the day resulting in a 700 point drop from the high. I am expecting today to be relatively neutral to negative.
No real new stimulus for the upside other than the FOMO of retail clients jumping into the market.
This morning, the RSI and CCI went oversold shortly after the UK open, it is a good opportunity to buy in with limited risk and had yielded 150 points in profit.
Will be looking for a short later in the day.
WallStTraderandCoach - 5+ years of trading my own funds, Coach, Trader, Speaker and world traveller. Turned 10k into £1M in first year.
ALWAYS use a stop loss, NEVER move it. ALWAYS put my own money behind each trade. Profits and losses are my own.
Key signal to buying Wall Street for 400 points profitDuring the increased volatility you can observe a mild selling of Wall street once open, usually this consolidates withing the first 30 - 60 minutes and results in a bounce back - it certainly did yesterday when a very similar trend was there.
The RSI was oversold and the CCI was at a similar level as it was previously when the market came back and then fell again, showing a perfect time to buy and hold for as long as its north of the 100MA line.
WallStTraderandCoach - 5+ years of putting my OWN money to work. Turned 10k into 1M+ in first year. ALWAYS use a stop loss and ALWAYS put my own money behind a trade.
USD JPY ShortUSDJPY Short based upon broken trend line, ema's, market structure, and retest of trend line
GBPCAD TO SHORT OVER NEXT 2 WEEKS?!Potential GBPCAD shorts over next 10 trading days. It is likely
price will hit our profit target but always outline your risk carefully.
Using the limit-up to your advantage when going shortFridays tend to be a positive one for Wall st, especially later in the day - with rallies of 900+ points in the last hour for 3 weeks running.
I like to be a long trader, but when the opportunity presents itself for a protected short I can't not take it.
The limit-up is 5%, if you sell before it hits and hold until the open you can see in this case it makes just under 400points, depending on when you sold.
The RSI and CCI are both overbought. Looking for a pullback, even if it is short term, can be profitable.
WallStTraderandCoach - ALWAYS use a stop loss, NEVER move it, ALWAYS put my own money behind a trade.
5+ years of trading solely Wall St, turned 10k into 1M in first year.
Coach, mentor and public speaker.
Exploiting the volatility.
