William-trading

William-trading

The Futures did not have a grand sell down at the first supply zone ( Hence, we are looking at the higher ground to short.

William-trading

Let's see if the double three will play out or not. Look out for my detail analysis on the daily chart.

William-trading Updated 

Price recovered slightly after our short call yesterday, ()but we will be shorting based on the following factors. - Bearish flag formation - Supply zone is near.

William-trading

Spot shorted a while when the 1000hrs candle open.

William-trading

Dow futures may pan out as what i have posted earlier. Price is testing the support turned support turned resistance level at 27,328. (Refer to this post As such, we are having a wait and see approach, if price managed to edge higher, the next supply zone will likely be tested.

William-trading Updated 

For traders who like to long, the key resistance at 0.62 is a key crucial level, rejecting it will see the bear resuming its sell down. The only thing supporting the bullish outlook is that the hammer found its support at the immediate support which confluence with the 50% Fibonacci retracement level of the whole bullish up move since 18th March.

William-trading Updated 

I'm taking my chance to hedge my earlier short position. Bullish pennant will be confirmed once price breaks 27,332

William-trading

Microsoft is probably staging an explosive breakout after a formation of a potential ascending triangle and a bullish engulfing candle last Friday. If all things fail, the support level at 180 should provide a decent rebound.

William-trading

The Dow had a great start at the market open but it subsequently fails to break last Friday High, as such, we believe that the Demand for the Dow futures has dried up a little, aiming for a short for now. Should price reverse and break the top by mid-day, we are safe to say that the bull is back with more powder keg.

William-trading

Dow futures close below the 78.6% retracement level and it may signal some profit-taking from the market. Hence, the next level will be tested are around 26011 regions. If Dow exhibit some form of strong correction, then the next rebound level could be around 24,000-24,805.

William-trading Updated 

Price is making new high and finally breaking the 25,00 0 psychological levels. I'm taking chance to short the highlighted red zone in hope that it will form sub-wave C.

William-trading

I think the stock will be seeing some more rally as long as the stock stays supported above 1.85-1.86

William-trading Updated 

The SPX 500 had a good run in the Asia and London session. Formation of an hourly bull flag/rising wedge indicates a continuation of an uptrend ahead. Another factor is that the double bottom rejects the immediate support level, giving a strong indication of potential upside.

William-trading

In response to our previous trade, the bear sell down was weak when price breaks above the range box. hence we are looking at 88.6% as the next target.

William-trading

DBS has been ranging and attempting to break the 20.00 psychological resistance level for some time and since the price has been hovering around the high 19.00 after the third tries. We expect a strong upside again as the resistance has been weakened. Also, the morning star formation near 38.2% Fibonacci level indicates a "shortfall" of the triangle or range,...

William-trading Updated 

Estee Lauder has been attempting to break higher and that is despite the price breaks the rising wedge formation, the stock rally was halted at 50% retracement level of wave 3 by forming a double top formation and a tweezer top formation on the 2nd top. Will there be some chances of an upside? Only if prices close above the 61.8% of the Fibonacci retracement...

William-trading Updated 

There is some more upside to test the 61.8% of the whole downtrend in March 2020. There is a strong possibility of a double corrective wave

William-trading

After breaking the top of the flag, the Dow industrial is on the way to test the supply zone. Should the supply be broken, we will see the rally testing the 161.8% extension level at 25,564 region