US30 Reversal SoonThe us30 looks to be entering a bear market, but with RSI at lows and VXD levels high, it is likely due for a reversal in the near future. However, it looks to push to lower levels and possibly test the next white trend-line. Wait for confirmation in a longer term EMA cross, VXD breakdown, and a bounce in RSI for entry.
Indicies
US30 Trend Analysis The US30 has entered a bull trend with higher highs and a consolidation within the 36000-36400 range. It seems to be holding the 36000 level and bounced to consolidate around that range when it dipped below to the 35800 area briefly.
The VXD (DOW Volatility) has been following a strong downtrend with gaps to the downside following the end of market hours. It has been validating the middle standard dev line line of 2 in terms of a level of resistance.
On the 1hr chart, this shorter-term bull trend can be seen. It is likely that a pullback to the thin trend line or even the bottom line could take place, but a quick bounce would be likely, as the US indices and economic news have been bullish over the past week. With PPI on Thursday, and sales reports on Friday, we can hope that holiday sales will make for positive reports (especially with the NAS100 at strong demand levels). Positive reports could be a catalyst for a retracement to highs prior the dip, which could be around the 36500 range, or even a break above 37000 to kick off all-time highs for the month of January.
The price recently retraced to begin a slide to the lower trend line but was bought up before it could do so. By not making a double bottom or even touching the pullback support line, a sign of an upward push and momentum are seen, which is also shown in the SOEN MI cross and in the RSI uptrend (4hr). The strong bullish candles (4hr) over the past week as the NASDAQ begins to bounce signal a healthy economy.
As economic reports play a large factor, COVID plays a larger one. Considering the news of new cases and regulation, we could see another wave which could be catalyst for a pullback. This does not seem as probable as price dropped earlier today/yesterday and selling momentum was quickly squashed as price bounced and began consolidating around the 36200-36300 level. If sellers today tried to create a bearish move, the buyers today had more steam by creating this consolidation. Sellers would need to make a move by the end of the week to push the price down. If we see some upward after-hours movement, it is likely gearing up to try and test the 36500 level, which is probable to happen before a retest of 36000.
While momentum shifts to the upside today, it is important to note that this push could easily be short lived with negative news. If price begins to slide here, bulls need to be ready for a break in the shorter uptrend. A break in the short trend could indicate a retest of the long trend, and a break in the long trend can indicate a US30 selloff all the way to the demand zone around 35000.
*Not financial advice. Do not make trades as you will lose money. Leveraged products carry higher risk.
$NQ1! Nasdaq Futures. Bounce or bust We've been here before. This upward channel has been tested, provided support and retested before. Bulls need to defend this channel line, or it could get ugly. Quite a few FAANG stocks had huge rejections at an important smoothed moving average (for me) yesterday.
Bulls have got their work cut out for them.
Let's see what happens.
No position, but if strength doesn't come through a short position looks likely in coming days.
potential long bases on the descending triangle pattern us30 just came out of along with a 61.8 entrancement on the hour the market could push up to as far as the 36565 area to then complete the right shoulder of the forming head ans shoulder pattern on the 4 hour
$NQ1! Nasdaq Futures. Another bounce ? Nasdaq futures is on support and seems to be ready for a little bounce.... The question is whether the buyers are more keen than the sellers to lift this index off this current support line, or will we see a test of the bottom of the channel support line ?
No position.
US30 BUY OPPORTUNITY US30USD TECHNCIAL ANALYSIS 2022US30 BUY OPPORTUNITY US30USD TECHNCIAL ANALYSIS 2022
recently reached a new high and dropped back down i think we will see it go back up with the news on usd coming out tomorrow morning
GER40 Dax has been setting up a reversal pattern for months now. looking at it and many other sectors of all indices growth has slowed and a large retrace is possible especially due to world circumstances and the ever continuing issue of COVID 19 as it impacts all aspects of living
Bearish DIv on the DJIThe market is extremely overheated, overbought, and is reaching a peak.
US equities have been going up since March '20 and some traders are worried about a looming depression. The concern is valid. The government keeps printing money, spending money, raising the debt ceiling, COVID is STILL spreading, CDC changing guidance, tapering, interest rates, etc! YA-da-ya-da. IT feels like there are so many moving parts - how do you make sense of them?
You just look at the charts and cut out the noise!
After further review, the stock market is going to crash, it is just a matter of when and why. I believe the catalyst will be a news event that causes a massive sell-off, then, a dead cat bounce, followed by risk off event that sends US equities in a multiyear depression. Looking at the yearly chart of the $DJI from 1987-2021. There is massive bearish divergence there. There is even bearish divergence from '87-'21 on the RSI!
EVERYTHING is overbought. COVID accelerated the transition to digitization and increased people's dependence on the internet. People are saving way more now too which is why the velocity of money has decreased... people are buying assets, houses, gold, and bitcoin. People are waking up and realizing that the US government has been debasing our currency since 1970. And they will continue to do so! People want to own assets, people want to save, people want to be protected from inflation. Robinhood helped democratize trading and access to the stock market and retail has played an increasingly important role in the market.
I believe the market is set to crash next summer and that there will be a multiyear depression. Hyperinflation or stagflation seem to be the most likely scenarios as well. Runaway inflation will be the story. Biden's administration will be the scapegoat. Because let's be honest, every president is only concerned about one thing: getting RE-ELECTED. They don't care how much money they have to print, how much money they have to raise or how much debt they have to finance. Every politician, from Reagan, to Bush, to Obama to Biden, has continued to destroy the US currency. It will be no different with next president we "elect". In other words, Biden's administration is scapegoat for all of Washington and every state actor who has a role in fiscal and monetary policy.
The market is overvalued, propped up by fear and a QE, and is facing a whirlwind of negatives to start 2022. The companies that survive this multiyear depression, will come out twice as strong.
HODL. Buy Bitcoin.
Best of Luck,
@LALPIPS US30 ANALYSISMarket price dropped down to the level of 34760 yesterday and respected
that area as a support level.
Since then it's been creating higher highs and higher lows on the
5min & 15min timeframe. Today at 9:30 am
price broke the resistance level of 35290 shooting up to 35370 in under
10 minutes. giving an indication that it will keep rising until
it gets to another strong resistance area of which is 35500-35600.
After it reaches that point, I suspect
we'll see price correction
The trade of a generation $NASDAQThis is how I will be navigating the markets. Any thoughts or feedback would be greatly appreciated.
$IWM target 201$IWM target 201
Still in the neutral zone, with technicals pointing down.
Let me know your thoughts and what you guys are doing.
Have fun!!
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
$IWM target 201$IWM target 201
Target 1 was hit beautifully… so taking it out onto the 1W 5Y chart target 2 looks like a nice place to sell puts at this time. I would happily start a position there. Right now it’s kind of in the neutral zone, but technicals are pointing to down.
Let me know your thoughts and what you guys are doing.
Have fun!!
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
$NQ1! Nasdaq Futures. Possible bounce ? If history is anything to go by, then we could see a little bounce on the Nasdaq. These little bounces usually fades for a test of the support line lower down. Expecting another -4% on Friday's close, but as always nothing goes down in a straight line.
Volatility seems to be the only given right now.
BITCOIN - where to next? My 2 cents worth (December 4, 2021)Hi to all,
I don't trade crypto. In fact i don't care about crypto, or it's future potential or benefits - or what it could do, may do, possibly do, and/or perhaps will be in the future. In saying that, i do observe the bitcoin chart on one of my saved chart templates regularly - particularly over the weekend (for curiosity mainly) - as i love technical analysis.
In my normal weekend analysis i undertake (as per my normal process of weekly review of the trading week that has just gone by), i decided to look into the daily and weekly chart (after the big price action drop today - Saturday December 4 - price currently approx. 47,000 - being an approx. 10%/11% + drop today alone) - as i type these comments.
I note the following on my chart:
Confluence of levels including:
- 61.8 Fib from the July low
- 38.2 Fib from the 2021 low
- Trend Line Support here.
In my opinion (which doesn't necessarily mean anything at all ), it an interesting price action point when observing the longer time frames. A break below here could really accelerate some further down side - clues on the faster time frames should or may provide further indications from here. I would not be surprised either if price holds here also.
Best wishes to all and stay safe.
bazzman78tv :)
us30 shorts finally activeQuick analysis on us30
We have been rejecting from the 36250 key level on the daily timeframe
It appears we are breaking the low of a bear flag formation
I like 36000 to be the first target as a quick trade
but with the bear flag it looks like 35750 is its final destination.
I will be entering this trade on the minute chart (1minute or 5 minute)
Looking for about a 25 point risk with a 75 point profit target or 36000
Then I will attempt to reshort it after the pull back correction with a smaller position down to 35750.
All things pointing bearish.
If we open and pop above 36250 I most likely wont take any position or take my short idea off
@LALPIPS US30 ANALYSIS - NEW YORK SESSIONUS30 seems to be in the middle of breaking its respected support area of 36110.
Once price breaks support (36110), wait for for market price to respect 36110 as a
resistance for 15 minutes then execute a sell position at 36080.
TP1: 36060
TP2: 36040
TP3: 36020
TP4: 36000
TP5: 35980
SL:36180
USE LOW RISK
PATIENCE IS KEY ⏳
US30 short opportunityNow that we are trading at the 36250 key level we are forming a bearish flag under levels of resistance.
I see us in being in a A, B, C elliot wave move down to about the 36100 level where prior support was
I will be looking to enter this trade on the 5 minute time frame for precise entries.
UK100 buy running ⤴️🙌We are using our POW reversal strategy for this trade a UK100 long.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue arrow is entry point and purple line is stop loss.
Trade history can be seen at the foot of this trade idea too for full transparency.
Previous trades also can be seen on chart.
Both were long trades and both found TP so lets see if we can go three for three.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
US30 PREDICTIONSI like US30 bc it respcts major support and resistance really well, marking up this up on a sunday morning at 5 am before market opens i was thinking another drawdown on price before creating that new new high marked by a fib level resistance
UK100 long running 📈👏Trade details for current trade are shown on the chart.
Trade has been live since 7:15 UK time and we are using our POW reversal script.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue long arrow is entry point and purple line is stop loss.
Previous trades can also be seen on chart one found TP one found SL which was covered in an idea Monday.
Lets see how this trade plays out.
Trade history can be seen at the foot of this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
US30Rules:
-If price break Point 2, 4, or 6 cancel the setup
-Price needs to break Point 1, 3, and 5 to confirm the setup
When price reach the 100FE it normally does a pullback or reversal
The market can Truncate
$NQ1! Channel formingA channel is forming on the Nasdaq, and it's not up. We need to see if support holds, but this weakness could potentially last longer than most might think. Caution on the long side.
UK100 long is valid ↗️✅Morning traders we start the week with an UK100 trade.
Trade details for current trade are shown on the chart.
Trade has been live since 7:15 UK time and we are using our POW reversal script.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little blue long arrow is entry point and purple line is stop loss.
Previous trades can also be seen on chart.
Trade history can be seen at the foot of this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren
