SandP 500 E-Mini Futures 60 CME Updated 10/4/2017Price has broken the upper median line, and may now possible come back down to retest 2525 area as possible support. Look to see if price can continue the momentum up to hit the warning line 1.
Actionreaction
Now is the time to TRADE extremely CAREFULLYHey guys, I think this is the most interesting time for BTCUSD. Everyone wants to know where it goes, up to 6k area or it drops lower than the low at 2972. It's just a matter of choice, isn't it? LONG or SHORT at this area. That's it!
But at this current area, 4451, I think you should extremely be careful with what you're gonna do for the next day. Whether you want to LONG or SHORT, you MUST have a 2nd scenario if the market didn't go exactly as you expected. Think further with your next step, if your trading plan didn't workout well, how do you protect you investment, and where is the next entry/exit level to follow the continuous trend? I think this is the area, y'all should have a STOP LOSS for each ENTRY you have.
I chose to say that this is the most interesting time for BTCUSD because if you are familiar with Fibo Retracement, you can see the current 4451 area is 1.272 compared to the last wave (from 2972 to 4121). That makes you think this is a correction wave 3-3-5 according to Elliott Wave theory. For myself, I think it can be true, too, based on my drawing chart. I think this is the end for the correction wave. But again what if? What if it sounds too good to be true? Time for plan B, don't you think?
I change my usual chart from Daily to H4, so you guys can see it clearly. Doing some improvise for BLUE lines, just for fun (because it's already happened), and if you want to see the GREEN lines, check out my previous charts.
Once again, trust YOUR own analysis & trading plan!
SandP 500 E-Mini Futures 60 CME Updated 10/3/2017Price held the middle median line as support and has broken through the upper median line. Look for price to continue to the next warning line 1 as marked. Price should come down and act as support on the retest of the upper median line.
SandP 500 E-Mini Futures D CME Updated 10/3/2017Price has broken the upper action reaction line, and also has continued back into the fork with bullish momentum, so at the moment, we need to see if price will pull back to the lower blue median line and continue higher. Look for price to hold as support and go higher.
SandP 500 E-Mini Futures 240 CME Updated 10/3/2017Price has broken through the sliding parallel, look for price to continue higher after testing this sliding parallel as support. We may have resistance as well at the next sliding parallel which does have frequency.
BTCUSDOn Aug 22 I already said that BTCUSD will going to reach 5k, maybe this Friday or next Monday or next Tuesday (of course if I was right)
The problem with BTCUSD is that this is the new currency which we don't have much highs/lows in the past in order to find a good resistance or support. So I think you all should be very careful in trading this new currency. Don't believe too much on rumors or where BTCUSD will be heading to. Instead, you should focus on the chart, on what you really see, and on what you really should do to protect your investment.
Back to work, where do you think BTC will go afterward? Small or Big Drop after reaching 5k area? Try to analyze your chart efficiently!
SandP 500 E-Mini Futures 240 CME Updated 10/2/2017Price is at weak resistance near the sliding parallel. Look to see if price will push through and retest as support to continue higher.
SandP 500 E-Mini Futures D CME Updated 10/2/2017Price has risen up to around 2520, And we are still holding the back retest of the blue median line as possible resistance. Look to see if price continues holding on to the back, or if we suddenly have a large surge back into the median line to continue higher. We are having a hard time to break back into it. We are also still at the top of the action reaction set.
SandP 500 E-Mini Futures 60 CME Updated 10/2/2017Price had zoomed through the blue median line, and we had mentioned that it could be possible for price to continue to the upper median line. We have done just that and are currently at strong resistance at the upper median line. Look to see if price is going to continue through and retest as support to go to warning line 1, or if price will retrace down to the sliding parallel to show if there will be support or not.
SandP 500 E-Mini Futures 60 CME Updated 9/29/2017The newly drown in pitchfork is pointing to a possible continuation upward if we can break resistance here.
SandP 500 E-Mini Futures D CME Updated 9/29/2017Price has come up and is starting still hugging the back of the median line break retest. Look to see if price will come down from here, or break the median line again and continue. I am thinking we may see a spike up, then a continuing upward range.
SandP 500 E-Mini Futures D CME Updated 9/29/2017Price has risen again above the blue middle median line, and is now retestingthe 2507 are which is the all time high point to break. Look to see if price can break through it today and retest as support, or if we will drop here from price exhaustion.
SandP 500 E-Mini Futures 240 CME Updated 9/28/2017Price has risen above the median line set, and is trying to push higher. Look to see if price will drop to 2495 and act as support.
SandP 500 E-Mini Futures 60 CME Updated 9/28/2017Price has come up and touched resistance at 2506, and his coming down again. We had good touches on Warning Line 1, but now it his broken down after also hitting the next median line as I had mentioned yesterday. Look for price to continue down to 2495 then 2488 then possibly 2480 if the rejection at 2506 holds.
SandP 500 E-Mini Futures 60 CME Updated 9/27/2017Price has come down to warning line 1 and held support at 2488, and is now riding the warning line 1 and trying to break 2500 again. If we break 2500, look at 2506 as next resistance. For diagonal resistance, look for the next sliding parallel, and the bottom retest of the blue median line.
SandP 500 E-Mini Futures D CME Updated 9/27/2017Price has hit the top of the action reaction set and the blue median line confluence. Look to see if price continues to drift down from here. Look at 2480 2450 and 2420 as suport if we go down. The other option would be for price to gain momementum and break into the fork again.
SandP 500 E-Mini Futures 240 CME Updated 9/27/2017Price is coming up under the middle median line and is following the back retest of the median line. As long as price is under the median line, it has the possoibility of drifting down to the next median line. Watch 2488 support, and 2505 resistance to see where price will go to.
SandP 500 E-Mini Futures D CME Updated 9/26/2017Price has stayed under the action reaction set, and the break and retest of the blue median line. Look to see if price will come down to 2480 area and break, or continue higher.
SandP 500 E-Mini Futures 60 CME Updated 9/26/2017Price has hit warning line 1 and 2489 and found support. Look to see if we can break higher again past 2500 area, or if we break warning line 1 and fall lower below 2489.
SandP 500 E-Mini Futures 60 CME Updated 9/25/2017Price has come down to support 2495. We have broken down below the median line, so see if price continues lower to 2489 or at the warning line 1. Look to see if price comes up to 2502 then acts as resistance again. We are ranging at the moment, so look to see price break out of this coil.
SandP 500 E-Mini Futures D CME Updated 9/25/2017Price is still at the retest of the break of the blue median line parallel. Look to see if price will come down to 2480 to see if it will act as support. We are at the top of the action reaction set as well, so it should continue to act as resistance.
SandP 500 E-Mini Futures 240 CME Updated 9/25/2017Price is resting at 2495 near the support and blue median line confluence. Look to see if price will continue to the upside from here , or if it will come down to 2488 and 2480 area. Price looks a bit extended at the moment.
SandP 500 E-Mini Futures 240 CME Updated 9/22/2017Price has come down to the 2495 area. We are currently at the middle median line which could act as support along with the 2495 confluence. Look to see if price will continue down and go to 2488 and 2480 to try to search for support. We may hold here as support as well and try for another run up to the 2506 area.
