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Bounce

SP500 futures ( $SPX $SP500 1D) sell in May ? I been following the bounce peacefully these past weeks. But now something is up. A head and shoulders pattern form on the 4h and It is on the verge of completion. If true it may be the beginning of a correction. Target (2636) Stop loss if the price goes back above the right shoulder (2942). We can see impulsive waves on the way down meaning that the primary move is downward. Quite the simple trade. As time goes by, I will keep you updated on the evolution of the asset price, so make sure to follow me on Tradingview If you have any questions or requests, fell free to ask. @Djio_ Disclaimer : This is not financial advice as I am not a financial adviser. This is just my knowledge on what can be said and done from the chart. Due to the volatile nature of the market, everything can change on a day to day basis. Everyone is wise to manage their risk properly when considering any trading decision or activities. PS: I cannot emphasize enough the risk associated with the activity of trading due to the imaginary nature of all paper contracts, the reason why I prefer mainly trading cryptocurrencies instead of more “traditional” assets. On the other end without total systemic collapse it can quickly become a good trade opportunity.
OANDA:SPX500USDShort
by DecisionDoji
EUR/GBP REVERSAL | INVERTED H&S / DOUBLE BOTTOMNOTE: The following extends my earlier post on EUR/GBP. Please refer to it in addition to this post; attached below as a related idea. Inverted H&S - Right Shoulder Forming Double Bottom Still Holding As The Local Low Targeting The 61.8% Fibonacci Retracement Level Macro-Economic Analysis - Further Downside Expected, Thus A Rise In EUR/GBP VERDICT: Cycle low is in and forecasting movement to the upside. Targeting the 61.8% retracement level.
Long
by JayanVarsani
EURJPY Long oportunity - Bounce upFX:EURJPY EURJPY reaching the end of the pattern. It is now trading next to an important support range showing signs of weakness it will possibly bound on this zone and go long with 4 different level targets to get your profit - MACD and RSI diverge on the weekly chart Next week we should see this shorting towards the 116.292 support line and the beginning on the bounce aiming for our first take profit level 118.410 Keep the eyes open for the bounce and enjoy the ride :)
Long
by Hybriss
EURCAD -Here on EURCAD i see a perfect market structure where with the help of the RSI, i see that bulls are tired to defend the support and this we see on RSI that bears are ready and willing to push the price further down. -After this analysis in my opinion bears will break the support the next time the price gets there because on RSI we can see some divergence that shows that bears are aggressively selling and the lack of power from the bulls will lead to an inevitable breakout to the downside. -Wait for the price to get to the red zone for a perfect entry. -CryptonikLion
Short
by CryptonikLion
SPX500 - Will this be the top of the Dead Cat Bounce?Looking at the SPX500 Futures: 1. Looks like we could be at the top of a Dead Cat Bounce 2. If this is not the top, a potential tap off the 200 EMA would be where I would expect it to dump Fundamentally due to covid and the world being under house arrest, I would not expect markets to continue to rally and I am bearish as you can be on a Macro Level. Technically this is presenting a great short opportunity on open. I will go in with 50% of my position around where we are when we open, the other 50% I will add at the 200EMA and set a stop above it with room for a wick just in case. Trade, Chart, Learn, Repeat Coach K
OANDA:SPX500USDShort
by Joel_CoachK
15