SPX500USD: Will Start Falling! Here is Why:
Balance of buyers and sellers on the SPX500USD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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Index
SPY: Bullish Continuation & Long Trade
SPY
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy SPY
Entry Point - 436.50
Stop Loss - 429.43
Take Profit - 449.75
Our Risk - 1%
Start protection of your profits from lower levels
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USOIL: Bearish Continuation is Highly Probable! Here is Why:
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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SENESEX SENSEX - has formed an ending diagonal like most indices in the Indian market. This concludes a correction point for the markets. Price should remain bearish below the invalidation level (on chart).
Corrections can be seen up to 38.2 fib level (at 51,000 mark). Or lower.
This idea is based on the Elliott Wave Theory. Any investment/trade should be made with your own risk management.
✨ NEW: DXY ✨ DT SWING ✨SLO2 @ 103.85 ⏳
SLO1 @ 103.50 ⏳
TP1 @ 102.50 (shaving 25%)
TP2 @ 101.70 (shaving 25%)
TP3 @ 101.15 (shaving 25%)
TP4 @ 100.25 (closing ALL Sell Orders)
BLO1 @ 100.05 ⏳
BLO2 @ 99.55 ⏳
When the Price Action of DXY on the 1-Day timeframe is in a downtrend—on average—it will cause the following correlations:
AUDUSD — UT 📈 62% chance of an uptrend
EURUSD — UT 📈 72% chance of an uptrend
GBPUSD — UT 📈 72% chance of an uptrend
USDCAD — DT 📉 73% chance of an downtrend
USDJPY — DT 📉 86% chance of an downtrend
US500: Expecting Bullish Continuation! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current US500 chart which, if analyzed properly, clearly points in the upward direction.
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$DJI has been weak, can it keep going lower?We almost called top on the #indices.
DJ:DJI AMEX:DIA
Daily
Few days ago stated that it could drop 1k points.
Weekly
Yellow areas are the best risk reward entries, for a bounce or if we continue higher.
Monthly
Choppy action is 100% normal since 2018 (Only after CV crash it went straight up). This was not the norm prior to 2018. Usually had few months of up or down patterns.
#stocks AMEX:UDOW AMEX:SDOW
DXY - Be Prepared ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
DXY has been overall bearish trading inside the falling channel in red, however it is currently approaching around the upper trendline.
Moreover, the zone 103.5 is a strong supply.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue supply and upper red trendline.
As per my trading style:
As DXY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich