ES (US 500) Fibs, Hourly: ES is our main index that provides helps us determine trend. You will notice that this week had a change of character. The market had taken the stairs up, but is now taking the elevator down, with sharp moves coming in a few hours to the downside. Expect more of this. ES pattern at the top is more head and shoulders like. And, unlike YM,...
Here we are, seeing the projection I posted on my site and here becoming reality. P4 was slightly above the Center-Line. How price is falling through it. Next Target is P5. Either the Warning-Line, or the Lower-Medianline-Parallel. In between I expect a bounce up to the Centerline. Also, keep in mind that we could get a HAGOPIAN! That means, if price is not...
Oh my, I feel like a super Bear. Every Chart I see is creating a short setup. The S&P500 opened and close outside of the green L-MLH a second time. Chances that it will run up to test/retest it again are given by nature. But nobody can tell. So, I opened a small short position and I will track it closely.
The count speaks for it self. However, P5 started a new count to the downside. The under- and overshoot where wonderful. Picture perfect I would say. But price traded back into the Fork again, not able to reach the Centerline. We (Medianline & Pitchforker) call this a HAGOPIAN. So, price should go back farther than from where it came (P5). But so far it...
ES/SPY/SPX is currently in a consolidation pattern. The S&P tends to make a big move out of these consolidation patterns once they are given time to play-out. NOTE that these consolidation patterns CAN breakout in any direction AND/OR fake-out in either direction but, observing the weekly price action, Im banking on this pattern being bearish along with the fact...
Keeping this one short and simple there is a nice volume gap above and we are at a decent support level. High volume green candles the past couple of weeks. With FOMC wouldn't be surprised to see a high volume green doji into a blast off near the top of the trendline. Could even see it breaking out of the trendline a bit getting people saying the bear market is...
weekly key reversal bar made a new high closed of the low indication for weakness ahead. wait for retracement for short. supply zone 4275 & 4320. stop loss few pips above key reversal bar i.e 4340, target 4120.
From yesterdays session, they strangled the S&P too high too fast. This will probably lead in a nice short micro crash to the center line. Do you see the daily chart? Price is exactly at the center line, and a 50% warning line confluence. Price just follow the rules of the Andrews Medianlines: "If price breaks through any Medianline, it pulls back to it, before...
That's it - Game over IMO. It looks like we even loose the TL, after bouncing second time from the U-MLH. Target - of course - the Center Line.
Many indication point to a near term short. 1. The blue Arrows measures the pullback swings. Currently we are exactly at the highs, where price usually turned south. 2. Price got rejected again right at the KillZone 3. The A/R Resistance converge with the current high. 4. The indicators MACD & RSI signal short. So, what's a Trader to do here? Could price move...
Divergence The AO Indicator and the highs show us repeating Divergence. Sine Wave The Sine Wave is huge. Seldom I see such massive Sine Waves. From my research I know that with high accuracy, the lower part of the middle pullback get's broken. Then most of the time, after a rather small break, price pulls back sharp. Fork And finally the Pitchfork. This...
ES is dropping hardly, breaking a really good support at 4699 alongside the HMA 209 and we have the 369 HMA supporting the 209 HMA, coming back doing a pullback on the 369 HMA and breaking the 209 HMA under it. and then dropping to the 4610 support point, and breaking it with a huge force, with a large volume. don't forget guys, price broke a channel, probably...
There are no more higher targets for me. Here are possible lower targets. Disclaimer: This is not financial and investment advice Stay safe, trade safe. Atilla Yurtseven
respect to levels let market come to my zones then enter with proper size consider risk too
The big picture clearly shows that ES could not get back into the trend. We can expect sharp down movements. I have market the middle of the trend line on the chart. That's the most important support. Disclaimer: This is not a financial or investment advice. Remember to follow me Stay healthy, Trade safe... Atilla Yurtseven
The white up-sloping lines are the lines of a LT Pitchfork. The dashed one is the WL1 (Warning-Line 1). Price was not able to find support above the WL1. So it's naturally break down and...we see a classic retest from below. Picture perfect rulebook trade! Then price trades south again and nearly meets the Centerline of the yellow Fork. The red dashed line is...
Since I mostly trade in the higher timeframes like daily, weekly & monthly, I sometimes need to sharpen my eyes and mind. This can be done in the lower timeframes like hourly and even minutes...gee I hate these lower TF's because I'm not really good in these lower environments. But to evolve and to take bigger steps, one has to leave the comfort zone. So do...