In case of banking crisis panic is over and Financial Sector is oversell..
abc correction of second wave of higher degree III wave. Volume cluster at 6800 and channel resistance above.
I was lucky that last week price didn't trigger my sell order. Now price and setup is even better. Head and Shoulder pattern at the top of the channel or at the bottom are my favorites. - 1_TP: as usual at 100% extension of H&S range - 2_TP: at 38.2% fib of previous trend Bellow is my Daily bullish channel support where bounce or consolidation is very...
- After five wave impulse, three waves up almost done, i'm doubt that it will reach 61.8% fib, so will sell on break of the bullish channel.. - In case it will push higher than 61.8% there is order block strong POC (point of control) level - blue area. LWC - (Last week's close) - strong resistance is well. - Idea invalidation level on the chart. Stronger dollar...
Potential Selling Climax, Rounding Top at Channel Resistance Very possible broader market top here. You can take a look the correlation between Bond and SPX Volatility and see that more chances that VIX will go higher from here than lower. VIX up = SPX down s3.amazonaws.com
Double Top will trigger at 2021 low, sitting on channel support now. Let's see what's happens than :)
Neckline test it would be sweat spot. 2020 Close - respectful resistance is well. Early dropped from Daily than last week from Hourly channel and triggered H&S Very possible broader market top here. You can take a look at correlation between Bond and SPX Volatility and see that more chances that VIX will go higher from here than lower. VIX up = SPX down...
Last wave up was corrective because of overlapping structure - that's potential right shoulder for H&S, the Neckline is inline with Channel Support Very possible broader market top here. You can take a look at correlation between Bond and SPX Volatility and see that more chances that VIX will go higher from here than lower. VIX up = SPX down s3.amazonaws.com
Drop from the channel and H&S, the larger Symmetrical Triangle pattern will trigger move lower Very possible broader market top here. You can take a look at correlation between Bond and SPX Volatility and see that more chances that VIX will go higher from here than lower. VIX up = SPX down s3.amazonaws.com
Potential Selling Climax - showing weakness at channel resistance Very possible broader market top here. You can take a look the correlation between Bond and SPX Volatility and see that more chances that VIX will go higher from here than lower. VIX up = SPX down s3.amazonaws.com
- When it drops from 1h bullish channel I will sell it - First TP 38.2% fib and move SL to B/E - Second TP 61.8% fib - Third TP 78.6% fib - Reason for weakness is coming emerging market weakness and AUDJPY is highly correlated to emerging market Weekly Channel Resistance Emerging Market chart
From ATH five wave impulse down, quick three wave correction into 61.8% fib and Last Week Close.. Rising interest rates for long term debt will put pressure on stocks. Channel resistance's on weekly and daily gives me even more conviction to sell
Short setup here.. Gartley and BB upper band, looking for selling volume at 5min
Tight Stop - This Week's High. Life is good, while below Weekly Open, and Bearish Channel is holding on 5min
Bullish Cypher with confirmation when breaks Weekly Open and Previous Weeks High
Long Wicks and Ultra High Volume on the Weekly with Hammer and Doji candlesticks
It looks still possible that price gonna test that neckline prior NFP
Hi there.. Don’t be surprised if January’s U.S. Jobs Report has a big miss today :) Just saying..