Summary: There is serious indecision between bulls and bears, and stop hunts are likely. Focus on trading only at key levels, and lock in breakeven once a reasonable profit develops. Always use Stop Losses! Key Levels to Watch: 3370: Resistance 3345: Resistance 3330: Bullish/Bearish pivot line 3315: Resistance 3305: Support 3300: Psychological support 3288: Key intraday support 3272: Support Short-Term (15m) Trading Strategy: For Shorts: Enter a SELL if the price breaks below 3305. First watch 3300; If the decline continues, monitor 3296, 3288, and 3282 as potential targets. For Longs: Enter a BUY if the price stabilizes above 3315. First watch 3318 for confirmation; If bullish momentum continues, target 3321, 3326, and 3330. ? If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — it’s a great encouragement for me! Thanks for your support! Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
Not much to explain here...just the boxes all aligned and stacked up onto each other starting from the 1999 low to the bull run high of 2011, and then copied and stacked to show current price action. However, there is a weird thing with boxes of the Gann type. Usually 25 and 75 time allotments, or 1st and last boxes, are the most aggressive moves. But this one has already almost broken the box in the first panel of the 25%. So you will either have a stagnation and then slight down or up drift until you hit the later 75% box at the most right....or you just go "nah, Irish goodbye to yah lad" and jump to the next box up...we shall see. But those lines do hold some weight and you can see the Gann angles had a few good pivots and one generally good line to follow through this initial explosion up. But we go sidesways if the house of bird poo color can clean up their act...pull a Styx and "Come sail away with me..." to the next box up and run to the like 5K limit, who shall know.... -------- from 1999 summer to 2011 summer to move the height of the box.... and its been achieved in merely 2 some years as of this point...oh boy VVVV Notice the 3 peaks at 1900 perfectly aligning with that box edge before the next box is stacked up to accommodate current price action... https://www.tradingview.com/x/9byrIYcR/ Your thoughts...right...wrong...or just a :) all welcome PS...These boxes arent made to fit this chart...It is just a pivot low to pivot high and then copied and stacked/extended....But see how that 2nd box times the triple peak and explosion into the newest up move...crazy hmm
Using momentum indicators, the Nasdaq is overbought and seems to be retreating a bit off of that region. Gold is continuing to move into the overbought region of momentum. The two are following more of a correlation up until now. This current movement marks divergence, which is what is expected. This coincides with the expectation that Gold and equities will trend in opposite directions. In other research, it is noted that when there is correlation followed by divergence, it is typically the equity which was over-extended and will retrace back against Gold's more gradual movement. Gold typically keeps pace with inflation.
--Continued uptrend after retracement. TRENDLINE, VOLUME AND TREND CONTINUATION ON THE DAILY AND WEEKLY TF.
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Quick idea of what i foresee for the upcoming day or so. Enjoy
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 127/61.80% Chart time frame:B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: A A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
FX:GBPUSD The GBP/USD Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 1.3209 2nd Support – 1.3151 ? Please hit the like button and ? Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you. Fundamental Update : on Monday as the trade tensions between the U.S. and China provided some relief to investors, while a stronger dollar further weighed on prices. The U.S. dollar TVC:DXY rose 0.2% against a basket of currencies, making bullion more expensive for overseas buyers. TVC:DJI SP:SPX NASDAQ:IXIC also rising .
This is my first time looking at Corn Futures. I am already loving what I see. This market trends well. Lots of opportunities to get in this market. We can see that we are in a bearish market. Respecting the 1 hour trend line that I place at the market high. It has been following it for some time now. Looking to see if we continue to push down some more this week.