SPX500 a short updateIt is easy to guess the top but the noise are hard.
All I can update is maybe we have a short term bounce to 3.9k these few days to close a gap.
If we manage to break below 3.7-3.8k , then the market will have higher chance to go down further as mentioned in my idea.
On the higher timeframe, If we manage to break above 4500, then My previous bearish bias will be invalidated.
I think we should have some sideways movement for few months for accumulation if it were to reverse the trend.
Just trade accordingly and be cautious!
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
Neutral
EURUSD 15 TF Tuesday, LN session
I think daily bias is BEARISH, and SM wants to go below the swing low in 4 hour TF.
*3 last candle are in a daily range.
in 1 hour chart, price is bearish. I think it is going below 1.04400.
SM come below the 1.04982 level, buy the sell stops.
Does it go higher or no? I don't know for now
gold for next days OANDA:XAUUSD
we wait till Monday so market opens then decide our direction I also want to add that some "fake-outs" may happen due to sudden news or course change of market. so for example it can go above triangle and suddenly fall our confirmation is when it can pass through first pivots
Continuation Phase - BTCWe are in the Continuation phase, the price of BTC will see a moment of awareness after a decline that lasted several months; its composition is therefore completely healthy.
The drawing tries to explain a completely natural movement in the price trend by bouncing on the "middle zone" between the two approximate bands.
Remain skeptical.
BTCUSDT (Neutral) After a long period of whales manipulation and consolidation, bitcoin or btcusdt had finally moved down!
It trapped the bulltards before reversing the market to go down.
We finally moved down to 21k usdt.
Now, I bias is neutral, either we move up from here or we continue to go down.
There is an upcoming FOMC news!
How do you think it will move the market?
This is not a signal and do not follow but a trade idea. Use your brain to trade and don't follow blindly!
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Possible head and shoulders bottom forming, but I'm cautious. This is the 15 minute chart for the SPY. The CICO Report is set to 48 or 12 hours((48x15)/60), this is painting the chart red, grey and green. The CICO report shows constant selling for the last 3 days, you can see this by the large red pool forming. However, the end of trading today showed a lot of buying volume. Pay attention to the 375 price action during trading tomorrow. If 375 is not respected as support, 350 becomes the next visible support in my view.
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SPY with Ascending Channel on Multiple TimeframesPattern Identified- Ascending Channel
The Ascending Channel pattern was identified on multiple timeframes to include the monthly, weekly, daily and four hour charts.
Due to recent market climate and conditions, I am neutral on SPY until the channel breaks.
Peace & Prosperity,
MrALtrades00
*Lines were used on some of the timeframes to easily identify trend line touches.
*This is not financial advice.