I could be wrong but..Just an idea, I definitely could be wrong. everybody is talking about a 2023 recession but the sp 500 has closed 3 weeks in a row near the high of the week. Sure its in a range but 3 bullish hammer candles in a row on the weekly chart? there must be some sort of institutional buying at the 3800 level because every time we go there I see a bounce back up. I feel that a possibility that would be the against the crowd is a strong move up on equities. I feel that a move lower is kind of expected, its the consensus and as we know the market moves against the crowd most of the time. I do believe we are heading lower at some point this year but keep you guard up for a strong move up to flush out the shorts followed by a move down when its least expected.
from a trading perspective I will only be bullish above 4100. i feel the likely scenario is a pop to 4050 followed by a strong move down
let me know your thoughts in the comments below I do respond to all comments. have a fantastic weekend :)
Marketstructure
LTC - Good Key To Feel The Market!🔑Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
I always keep an eye on Litecoin to feel the overall crypto market.
LTC has been overall bullish from a medium-term perspective trading inside the red rising broadening wedge pattern.
After rejection the upper red trendline and breaking below the last minor low in gray the bears took over for a bearish correction.
As we trade lower, we will be approaching the lower bound of the rising broadening wedge .
Moreover, the red zone is a previous high and demand zone.
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the red demand zone and lower blue trendline. (acting as non-horizontal support)
As per my trading style:
As LTC approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
If we break the lower red trendline downward, then expect further bearish movement till the lower bound of the big blue wedge around 55.0
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EUR/USD: Bearish expectative to reach the key level in $1.0440In this analysis, we see that Euro look in the bearish side, but I will going to explain each timeframe what happen here.
In daily timeframe, we see very clear that Euro/U.S. Dollar break up the EMA 200 and market structure indicating a bull market incoming. Based in this clue to trade to long in swing trading.
But if you're analyzing the H4 timeframe, it's unlike probable that Euro doesn't forming any bullish channel or market structure as it's very clear that we're in the correction yet in H4 and H1 timeframe to reach a new lover to $1.0460 USD. But there're not some bullish signal for this timeframe and H1 too.
But now, we see a bearish side that we can to get this opportunity to make this trade in January 2023.
Trade Information:
1) Entry Price: $1.0558 USD (Buy Order Limit)
2) Stop Loss: $1.0609 USD
3) Target Profit: $1.0440 USD
4) Pips: 117 pips
EURJPY - Now Wait For Bears!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last analysis (attached on the chart) we were looking for bulls to take over around our green support.
on DAILY: Left Chart
EURJPY traded higher and now approaching the blue resistance zone, so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
For the bears to take over, we need a break below the previous low in gray.
Bear in mind that EURJPY can still trade higher, dive inside the resistance zone and then form a new swing low. In this case, we will update our gray zone (trigger swing)
Meanwhile, until the sell is activated, EURJPY can still trade higher inside the daily resistance zone or even break it higher.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURJPY I In correction and will decline from resistanceWelcome back! Let me know your thoughts in the comments!
**EURJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EUR/GBP: Reaction point to watch in £0.8764 GBPIn this analysis, we see a nice setup that we can to prepare for both scenario here, first berish and second bullish in the smart point like sell here and buy here.
But nothing will be to make a good preparation here. So, we see in H4 timeframe two scenario that it's very possible to watch in the next hour in EUR/GBP. And below of this sentence we see a explanation that we can to get a possible drop toward £0.8764 GBP and then a bullish setup from this smart point, and also another possible will be that EUR/GBP just make a consolidation and then drop, or make a consolidatio with some time and then make a cheat in the market, it's a thing to watch here and take this both scenario. But in my personal opinion, I believe that EUR/GBP will drop until £0.8764 GBP and then from this smart point will be a bullish setup.
And also to take a perspective in Daily timeframe, we're bullish!!!
Now, I will make a 2nd analysis there to explain why I decide to short EUR/GBP
Good luck!!!
AUDUSD I Short-term buy from support Welcome back! Let me know your thoughts in the comments!
**AUDUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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S&P 500 Big Picture Update - Bearish ScenarioMany investors are already assuming a breakout from the upper trend line and thus a continuation of the uptrend.
The economic sentiment is still bearish , many companies now have to bear the high capital and energy costs and many companies are still highly overvalued.
Therefore, today we would like to introduce you to a bearish scenario that is likely to occur, the Double ZigZag .
Structure of a Double ZigZag
- Superior: (W) - (X) - (Y)
- Subordinate: (ABC) - (ABC) - (ABC)
- Subwaves: (12345 - ABC - 12345) - (ABC) - (12345 - ABC - 12345)
Current situation
If this scenario is correct, we would be in the last sub-wave ABC and now see the last downward movement as sub-wave 12345. This would complete the last subordinate (ABC) wave.
This scenario would be confirmed if in the next few days/weeks the SPX initiates a trend reversal to the downside. We already see a weaker SPX struggling to pump above the yellow highlighted resistance. Even if we could make it above this, it would have to be retested first and thus hold above resistance.
We now expect the SPX to either make another small breakout to the upside before correcting back down, or for the SPX to correct right away.
Strongly changing market
The market is very difficult to assess at the moment. Many economic news are affecting the markets very strongly, new political and economic changes are coming at a record pace and most investors are still afraid to lose money. Thus, this Double ZigZag scenario is one of several possible scenarios. We will post a bullish scenario in the next few days.
EURUSD short analysisHello EMKioko followers,
Yesterday's candle closed bearish with a long wick;signifying huge rejectionfrom above. For this we anticipate selling
pressure to continue today.
You will also notice that we created a new low as the candle dropped lower to close at 1.0573-ish on the 30m. By default,
lower lows and lower highs lead to what we call a down trend.
From these observations, we are going to look for areas on the chart where we are going to form a new lower low and from
the lower low formed, a sell signal to confirm our sell position.
What are your thoughts on the same?
Comment below your analysis and critics.
Success in your trading.
USDJPYhello raders, happy new year, as we all watching the trend usdjpy has reched the resistance key level and bounce once which is rally-base-drop and made doblle bottom seems market may bounce once again 134.500 but as we always need to wait for confirmation..so,, be patient, what you all think,,?
US100 SETUP Hi everyone , this my US100 setup for next week ,
Everything is explained on the chart ,,
Along with a simple forecast for the possible scenarios ,,
if you like the setup give it a BOOST & FOLLOW for mare ,,
TRADE SAFELY .
BTC Detailed Top-Down Analysis - Day 121Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst.
121 out of 500 days done.
I truly appreciate your continuous support everyone!
Let me know if you like the series, and if you would like me to change or add anything.
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Cardano: Sell off toward $0.21 centsADA still in the downtrend and appear that bears are taking control in this trend. what ADA price it's around $0.25 cents, and based in H8 timeframe, we see a potential short toward $0.21 cents. The H4 still bearish and H8 too. What this it's a great opportunity to sell ADA based in price action.
Meanwhile, if we closed up with a bearish signal in Daily candlestick, this could to mean that ADA will drop in the next couple days in this market crash.
I hope that you enjoy to trade cryptocurrencies to short position.
Good Luck!!!
CHFJPY I Swing short from resistanceWelcome back! Let me know your thoughts in the comments!
**CHFJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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EURGBP - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for EURGBP .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich