MeruEU

MeruEU

Hey Guys, Yearly is bullish - but only above 7660. Q Chart is Bearish - Bearish Engulfment. Monthly as Well. Quarterly Stochastic is turning down. 3 Zones to watch: 8100 7650 7373 Monthly candle is testing Bullish Trendline… Bounce expected to form a lower igh below the Double Bottom. -> Bearish Chartpattern I will look for an Entry on the Hourly Chart....

MeruEU

Hello Guys, The yearly Candle is slightly Bullish - but we did not see a break on a closing base of the crucial 7900 area -> ATH. A Retest of this area would constitute a Bullish setup - which I would be happy to be part of after the last rallye. Q2 Close - Doji -> might see a consolidation phase from here with a sideways to down mentality - considering the...

MeruEU

Hey Guys, Just wanted to show a chart / Idea for possible bounce areas. I would like to see a break of the trendline to think about going long. Thanks for reading…

MeruEU

Hey Guys, Yearly Chart is very Bullish - Broke above ATH and retesting it with this Q2 Candle. However the Monthly Chart Doji indicates a Balanced Market ahead into the start of Q3. A break above the highs would indicate a bullish progression - the Triangle could provide fuel for quite a large move - either up or down. Likely to be a move to the upside -...

MeruEU

Hey Guys, the Quarterly and Yearly Chart are Bullish. The Monthly is showing 5 waves - could mean that some traders are willing to take some profits because they expect an ABC - Wave Correction from here. However, a Fifth Wave extension is not that unlikely because the third has not been extended. in simple words: We might see a bit of a correction - or we...

MeruEU

Hey guys, Yearly Chart is bullish, Quarterly forms an inside Bar at a critical stage - Since April I can see a Consolidation at the Yearly High of 2021 - between the marked area on the Mid Cap Index - SP400 - thus I have a neutral bias but I am a bit careful with going short from here. For a bearish szenario MID has to break below 2915 and print a...

MeruEU

Hey Guys, For this Index the Consolidation period has been there since the big Engulfing Candle on the Yearly Chart happened in 22. To become bullish again Russel has to move beyond 2280 (-1625 is the lower end with a mid-point of 1940)… Until then I will take a neutral bias towards this Index. Most likely we will consolidate on the 3D Chart between the...

MeruEU

Hello Guys, I see a larger Timeframe Consolidation since some Years from 98 - 70 Dollars. We have approached the middle Line of this Yearly Consolidation Line and see some weekness taking place. However, for this idea to be confirmed I will wait for the black trendline to be broken and have a bearish pattern below it. This may take place from the green...

MeruEU

Going forward into the second half of 2024 I have given some key levels for you to have a look at. They mainly consist of yearly Key- Fibonacci levels. as long as we stay in the black channel I would expect a rebound from the 5390-5410 area. However - a break below and a bearish chartpattern on lower timeframes will be closely monitored to see if we could...

MeruEU Updated 

Till now we didnt see higher lows on the higher Timeframes. Therefore I would like to see a retracement to the 40k area preferably on HIGH volume. There might be a great buying opportunity comming up after that retest. It could potentially go as low as 10k but that remains to be seen. A break above weekly highs (on high volume) would indicate a bullish...

MeruEU Updated 

I would like to see a move lower from here. But it could happen at 5000 level as well. I consider the liquidity line as important for the market makers. So I might have a valid reason to believe that we could see a lower high forming here. Potential targets are marked. Just a newbie trying to make sense of the market. A break of this consolidation would be...

MeruEU

Hello, just an Idea. Watch SPX closely to get a clue about NVDA. Happy trading

MeruEU

Just an idea. Reaction according to price-action. Feel free to share yooooour opinion about this stock? Happy trading

MeruEU

Just an idea, feel free to share your idea here. Happy trading

MeruEU

Just another idea. Feel free to share your ideas here, happy trading

MeruEU

Just an Idea, please share your views. Will we see a lower high? SPX looks a bit corrective right now. Maybeeeee.... Happy trading

MeruEU

In addition to my previous posts, here a fractal idea. - same structure of the waves. - volume is nearly identical with 1.3k shares. - monthly suggests more downside to come - I consider this a safe bet. - double top at crucial resistance () - spx is facing heavy resistance. - volume will be the key indicator. a breakout on high vol might suggest a...

MeruEU

Hi Dear Friends! Ripple on the edge of monthly resistance. Do or die? Will Ripplers take over the world after economic collapse? Or will it remain to be a "hodlers" choice- till it breaks the 10 Cent level? Only time will tell! So...there might be a great opportunity for a short entry ahead, in confluence with decreasing value of BTC-USD as well as negative...