ES potential short term top After roughly 90 days of upside, ES has now hit a Fib extension resistance on a larger scale. The Ideal scenario would be a retracement of some smaller fibs at target #1, then finally a retest of big support at target #2.
Futuresignals
ALPHA/USDT INCOMING 50% SHORT POSITIONCurrently in a long quick scalp position as you can see on the charts, after that I will shift to the short position where I am looking for 40-50% gains. This analysis is based on my gut feeling and a little bit of patterns and history (I am trading since 8 years having seen 3 bull runs, this is my fourth bull run).
Let's see how this one plays out.
Bitcoin Failing To PumpHey guys,
It looks like Bitcoin had its little pump from $60K to GETTEX:64K but now it appears that it can't hold up the price. It keep making lower highs in the short term and the signals look pretty bearish right now.
The MACD has a green dot on the daily but all other smaller time frames are rather bearish. Things can get volatile so we might see some pumps and dumps while the price consolidates. This could go on for another month or two yet before we see the price making a clear direction in the upward trajectory in October.
I'm looking at Bitcoin falling to $58,500 before we do a bit of sideways action with a positive twist.
If you agree with my thoughts please boost and subscribe!
When you need to decide. Let your heart be the guide.
📊#FLOW Big Upside Break Out Potential: Patience!🧠FLOW has been consolidating in this falling wedge pattern for over a year now. I expect heavy volume once it breaks out. Remember, we will wait for price confirmation to break above the wedge resistance line. Once FLOW breaks below the support level, the signal will be invalidated.
➡️Spot trades can use DCA with a stop loss below $1.5 targeting the September 2022 high. This results in a trade with huge upside potential and a very good risk reward of 17.56💰
Is a Two-Phase Market Sell-Off on the Horizon for $ES1/$SPY?SPDR S&P 500 ETF ( / AMEX:SPY ) - Market Update - 10/9/23
Introduction
Monitoring possible market changes as we move through the constantly evolving financial environment is essential.
In today’s release of the SPY Trading Pro newsletter, we will examine how a significant market decline may happen in two separate stages and its potential effects on investors who are either optimistic or pessimistic. We'll also talk about how economic occurrences like the imminent publishing of April's CPI figures can influence the market's direction.
Phase 1: A Quick Tumble for CME_MINI:ES1! Futures
The first phase of the predicted sell-off sees the CME_MINI:ES1! future losing a staggering 664 points over just five days. This rapid decline may prompt a market rebound, which would be the ideal outcome for bullish investors. However, if the market fails to recover at this point, we could be in for an even more significant downturn.
Phase 2: A Prolonged Plunge
Should the market not bounce back after Phase 1, we'll find ourselves in the midst of Phase 2. This would entail ES futures losing an additional 2,255 points over the following 23 days. When including Phase 1, the entire process would span 18 days, resulting in the most significant sell-off of the year – a 33% drop compared to the February to March decline.
CPI Data and Market Trends
Economic events often strongly influence market movements, and the upcoming release of April's CPI monthly data is no exception. Scheduled for release at 8:30 AM on 5/10/23, this crucial data could significantly impact market trends. Based on my analysis and signals, I expect the CPI to be hotter than the previous month, potentially contributing to the sell-off.
Strategic Trade: PUT Options with Upcoming Expirations
In anticipation of the potential market sell-off, I placed a trade today for 6/16/2023 expiration in-the-money (ITM) PUTs with a strike price of 414. This trade aims to capitalize on the market movement and secure profits amid the anticipated downturn. Additionally, I have set a limit order for 410 6/16/2023 expiration out-of-the-money (OTM) PUTs with a strike price of 405, providing a further opportunity to profit from the predicted sell-off.
Support Levels:
4138 (major), 4134, 4123-4118 (major), 4110, 4095 (major), 4083-4078 (major), 4066, 4062 (major), 4048 (major), 4039, 4022-25 (major), 4010-4013 (major), 3987, 3981-3983 (major), 3974 (major), 3967, 3950-55 (major)
Resistance Levels:
4142, 4147, 4156 (major), 4165, 4178-4181 (major), 4191, 4197 (major), 4205, 4212 (major), 4221, 4228 (major), 4242 (major), 4249, 4262, 4272 (major), 4281 (major), 4289, 4301-4305 (major), 4310, 4328 (major), 4341 (major)
Conclusion:
While predicting market movements is never an exact science, current indicators suggest we may be on the verge of a significant two-phase sell-off. By staying informed about economic events, such as the release of CPI data, investors can better prepare for these potential market shifts and make more informed decisions about their investments. Keep following the SPY Trading Pro newsletter for the latest market insights and trading strategies.
Not Investment Advice:
Please note that the information and strategies shared in this newsletter are for informational and educational purposes only. They should not be considered investment advice, nor should they be used as a basis for making any investment decisions. Always consult a financial professional before making any investment decisions, and ensure you understand the risks involved in trading and investing.
BITCOIN! How low can it go? Well this last pattern wasn't holding up. The MACD on the 3 minute chart was collapsing heaving through most of that triangle formation. So it's like Bitcoin has a bad case of the shits right now. These 15-12-10K prices are looking more and more likely here. We are so deep in a bear market right now its not funny for Bitcoin. Funny for short traders like you and me though.
Don't catch that knife friends. 👍
future signal ( btc usdt )after broke can get short lvrge 10 - 15x
target = 19000
- 18000 - 17000
dm to me for more signal
$SXPUSDT Long SignalAs before BINANCE:SXPUSDT has been really profitable for us. $SXP is going for a short term correction towards the entry points i have mentioned. After this there will be a huge volume pushing it towards the top. The setup i am using is as below:
Binance Futures Long ( 1 - 5x )
Entry : 0.36 - 0.45
One-time-Entry : 0.41 - 0.43
Targetted Profits:
Short Terms : 0.48 , 0.51 , 0.53 , 0.5560 , 0.62 , 0.65
Long Term : 0.83 , 0.95 , 1.20 , 1.60 , 2.12
As a good trader, please becareful with your money always! Use a Stop Loss to prevent massive damages, invest only 10% of your available capital when trading in Futures.
Stop Loss: 0.3350 (or trailing).
-------
MetaFutures.
Inminent RecessionWell, it seems that historically when we get to the current sentiment about the economy, it predicts a strong recession. At this point, it has not happend because taking into account real interest rates, the economy continues being at expansionary levels, but this will cause more harming to purchasing power as inflation keeps growing.
XRP/USD - Update🎯 Target 1 Hit on XRP/USD!
Signals has been shared for free a week ago and now its running at
+9.5% profit ( calculated without leverange ).
Feel free to move up your StopLoss or take some profits!
Luna Can Go a Little Higher 30MinDay Trading Futures - Luna Trade Set Up
Entry: 86.52- 87.18
Take Profit 1 - 88.33
Take profit 2- 88.84
Take Profit 3- 89.67
Take Profit 4- 90.00
Leverage - 20x
Stop Loss- 85.20
#BTC is going to a good position for #SHORT in15MBTC /USDT is Going to get a good setup for SHORT POSITION
you can get this position with LEV3
Good Luck & dont forget to set SL & TP
#BAND is pullback to #bearish #trendlineBAND/USDT is GET the good setup for LONG POSITION by pullback to bearish trendline in 15M TF
You Can get This Position With 7X LEV
GOOD LUCK & Don't Forget to set the SL & TP
#COMP hits bearish #channel #upperline
COMP/USDT is GET the good setup for SHORT POSITION by hits bearish #channel #upperline in 15M Time F
You Can get This Position With 7X LEV
GOOD LUCK & Don't Forget to set the SL & TP
KSM/USDTKSM/USDT
Buy, LONG
Leverage: 3x_5x_7x
TIME SHORT
Entry price: 158.7-143
Targets for Buy:
TP 1 :160
TP 2 : 161.2
TP 3 : 162
TP 4 : 162.8
Stop LOSS:140
EGLD Looking Pretty Good !!!There is a Massive Ascending Triangle on the 4hr chart and we have finally broke out.
I expect that EGLD go above $400 in the next couple of weeks depending on the price action we have the following days.
If we back to the new support levels 290-300 I wouldn't even think of entering a long position in EGLD (I am already in).
GOLD Perpetual Futures Contract Breaks Daily High and MoreThe GOLD perpetual futures contract just made a new daily high, which exceeds the daily highs of the last several days prior. Chart displayed shows daily low and high, range of highs and lows for past days, trend using last 3 pivots, money flow, volume accumulation percentage indicator, and bull/bear power.
Day traders may wish to look for an opportunity to short this as it may correct while longer term traders could interpret this as a long term uptrend.
Algo makes me happy. ALGOs are here to stay. They obviously cannot be taken for granted. One thing I tell friends that purchase an Algo in the form of a Tradingview Script, is that it will help their trading decisions and confirm technical Analysis made by them.
On my quest of finding a good Algorithm, not only for signals and accuracy, but supporting instruments, I came to Elite Signals Algo .
Again, the goal if an Algo is to support your own Technical Analysis. With almost 80% accuracy, this instruments can help your decision making and maintain emotions on the control level.
One of the coolest features is the auto drawing of Support and Resistance level. They are VERY accurate and combined with Candlestick pattern recognition, your day trading becomes very powerful.
Is the Algo making me a lazy Trader? No, not at all. Its a supporting tool, same as any indicator.
Are you interested in this great tool? Follow the link and send me any question you have.
Enjoy your day trading!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only. You can use the information from this post to make your own trading plan for the instruments discussed or other instruments. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Trade update: Still in the fightAfter getting knocked out earlier in the month, the most recent range reversal trade has worked out well. I am going to stick with the short position for now as long as the rate of change stays negative and we remain under the 132 bar (or 22 day) moving average. I am still looking for price to hit range lows near 2.238
Reversing Short to Long at 1051.0Stop: 1000.0
Our reversal trade was invalidated and we are no looking for continuation to the upside similar to our reversal trade in mid-November.
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal sine wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current sine wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For questions or more information feel free to contact me in the comment section or via private chat. To view the entire portfolio and track our performance visit our site.
Buy Signal: 601'6Signal comes from our model-
Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement.
Reversing Short to Long at: 941.3Ingenuity Trading Model- Swing Trading Algorithm used in- Stock, Forex, Futures, and Crypto markets
The model is a Geometric Markov Model :
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement. For more information feel free to contact me via private chat
