Gap Fill Fake out before crashConsidering how bullish the market has been one more fake out to the upside is a possibility. Momentum has definitely shifted but I can see a small move to the upside due to many short positions shorting the trend line and maybe getting squeezed and the gap up.Not all gaps get filled but a fair amount of them do.
Indexes
PROCTER & GAMBLE (PG) May Keep Growing
PG showed a positive reaction to a 116.0 daily/4h structure support.
the price formed a double bottom with higher low on 1H and yesterday it broke above a minor horizontal resistance.
it looks like the stock will keep growing.
the best strategy for us is to wait for a retest of the broken resistance to buy.
initial goal - 119.0
S&P500 Index (SPY) Bearish Forecast
hey guys,
short trade went active this night on spy.
reason:
the price reached a strong resistance on 4H,
broke a channel to the downside and formed a double top formation on 1H
I entered the market on retest with sell limit.
now bearish continuation is expected.
target level:
3094
BP PLC: Catching Bullish Continuation
BP is stuck on a key daily/4h structure resistance.
with a sequence of higher lows and formation of the ascending triangle formation, it looks like buying volumes are accumulating for a breakout.
wait for 4H candle close above the underlined area.
then buy aggressively or on pullback aiming at:
334.0
343.0
DAX Index: How to Sell Wisely???
Dax index set a lower high today on 4H.
now the price on its way to 12160 - 12200 support cluster.
let's see the reaction of the market to that level.
bearish breakout (4H candle close below) of support will be a perfect trigger for us to short the market.
you can sell aggressively or on retest.
Target levels:
11914
11623
Stop:
12450
(if the market sets a new lower high again, you can adjust your stop to it)
in case of a bullish breakout of 12430, setup will be invalid.
RYANAIR (RYA) Key Level & Bullish Forecast
hey guys,
looks like ryanair has respected a recent key support level.
the price has formed an inverted h&s pattern on that and successfully broken and closed above its neckline.
now the price will most likely keep growing.
target levels:
12.2
13.0
One more leg up to finish the correction on US500?I follow here a formation of (abc) correction, whereas we've just finished wave (b) and are heading for wave (c).
DOLLAR INDEX (DXY) Will it RECOVER???
hey guys,
after a strong rejection from 3 days key support level dollar leaves clear reversal clues.
the price stopped setting new lower lows on 4H and currently is on its way to test local structure high - the last resort for bears.
being broken to the upside, the market will set new higher high higher close and local bullish trend,
giving us hope for greenback strengthening.
also note that all USD majors pairs stopped bullish rally and currently leaves reversal clues as well.
be prepared for a change.
MCDONALDS (MCD) Bullish Continuation Trade
hey guys,
MCD is retesting a key 3 days/daily level.
on 1H the price has formed an inverted h&s pattern on that and just recently the neckline was broken with retest.
now the price will keep growing to retest the current local structure high.
T1 - 196.0
T2 - 202.0
Stop - 186.85
A wild US500 scenarioI speculate here on a formation of a EW triangle (also know as a bullish flag), whereas as see a formation of wave (a).
NASDAQ (NAS100USD) Breakout of Major Channel & Bearish Outlook
hey guys,
NASDAQ has violated a support line of a major rising channel on 4H.
now the price retests the broken line and it will most likely trigger a strong selling reaction.
goals for sellers:
9350
9182
note that the structure high of February is now above and it serves as a key horizontal resistance.
it adds additional confidence in this forecast.
SP500 another TPsWe reached TP1 as due to previous analysis and now will see which other direction will SPX take.
NETFLIX (NFLX) Potential Bullish Continuation
hey guys,
it looks like netflix is preparing for a bullish continuation.
the price keeps setting a sequence of higher lows and based on that it just recently formed a double bottom formation.
wait for a bullish breakout of 428.0 level (current local resistance) then buy on retest anticipating a bullish continuation!
goals:
443
454
Dollar, Show us your STRENGTH!
dxy reached a key 3 days/daily structure.
on 4H the price set a double bottom pattern with a higher low.
looks like greenback is finally preparing for a pullback.
the last resort for bears is 97.05 resistance.
if bulls manage to close above this level on 4H, the price will most likely keep growing further.
target levels:
97.5
97.8
in case of a new lower low formation, the market will go lower.
next goal will be 95.9
SANOFI (SAN) Catching Bullish Wave
hey guys,
after a bullish breakout of a major falling trendline, the price is consolidating in a horizontal range.
it looks like buying volumes are accumulating to breakthrough the minor resistance and go higher.
to jump in wisely wait for a 4H candle close above the range, then buy on a pullback or aggressively aiming at:
91.3
92.4 levels
good luck
if the market breaks below the range, setup will be just invalid.