S&P Global Inc. short position Hi traders,
The price is approaching the previous all time high and we believe that it´s area where we can expect the profit taking therefore it can be the entry for a short position.
If we get rejection at the previous all time high, the pullback will be likely before any further uptrend continuation .
The target and the stop loss are shown on the chart.
Good luck!
SPGI trade ideas
SPGI - WeeklySPGI- currently down 28% from the ATH, and still in its downtrend.
Has reached and held support at 327. Might see another touch of 327 before attempt to change the trend by gaining yellow (360.55)
Targets in orange if 360.55 is gained as support.
If support is lost then targeting below in cyan.
SPGI. LONG IDEA.2ND stock trading idea!!
Open = 360.00
Target/TP = 390.00
SL= 350.00
Opening level = 360.00 Marks the Beginning for a possible bullish trend (primary/starting level)
Closing level = 390.00 A key level in the overall trend.
(THIS IDEA IS MAINLY BASED ON TECHNICALS)
(this is a personal idea based on what i am seeing MY CHART.)
SPGIit is an H&S with incorrect volumes but it is visible on weekly, I don't know if the volumes are important, maybe they are on the head but they are obscured by the enormous subsequent volumes and on the left shoulder they arrived a little late for the euphoria of the covid
perhaps in June there was a great build-up of sales
I'm interested in entering
SnP Global for further drops. SPGIA new fractal in formation post that rally on the daily. We are awaiting a revisit on the 0.618 level at first and for a divergence for an exit signal post. There is plenty of time for this to happen if Fibtime is to be believed.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
SPGI - Longer Term Trend Line SPGI has formed an ascending broadening formation or a megaphone pattern in two situations with a common uptrend line
In the first situation price dipped to the longer term (green) Trend line once the pattern completed
As the second situation is completing now, price should result in the same position on the longer term trend line (indicated by the curvy arrow)
$SPGI ♡ S&P GLOBAL INC. ♡ +21.43%My trading plan consists of collecting 5 confirmations MINIMUM on one singular timeframe, across 4 different timeframes (20 total minimum) before I even propose a trading idea to my community.
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Disclaimer: Though I take banger trades, you MUST understand the following DISCLAIMER: I am NOT your financial advisor, a financial advisor, NOR do I give financial advice. If the market moves against you, you may sustain a total loss greater than the amount you deposited into your account. You are responsible for all the risks, financial resources, and trading system you utilize. You should not engage in trading unless you fully understand the nature of the transactions you are entering into and the extent of your exposure to loss. If you do not fully understand these risks you must seek independent advice from your financial advisor. This material is my market perspective and intended solely for educational & entertainment purposes.
Divergence and further market correctionThe stock market is due another correction. Focus on the RSI, this kind of divergence could be seen with BTC in summer 2021 which lead to a huge correction and brief bear market. Consecutive ATH's on both chart, whilst RSI showing weaker peaks. It would be expected to see another correction resetting RSI levels.
$SPGI with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SPGI after a Positive Under reaction following its earnings release placing the stock in drift A.
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