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Dissecting SPY Price trends With Fibonacci Price TheoryHave you ever wanted to learn the one technique you can use on any chart, any interval, or any technical or price set up to help you become a better trader? Let me show you the basics of Fibonacci Price Theory and how to use it. Price is always seeking new highs or new lows - ALWAYS. You'll hear others talking about price filling voids or moving through accumulation/distribution phases - which is all true. Price moves through these support/resistance levels or quickly through price voids to reach new highs or lows. This is all part of Fibonacci Price Theory. When you learn to understand various intervals using this technique (Weekly, Daily, 30 Min, or others), you'll quickly be able to identify short-term, long-term, and intra-day trends like a pro. It is not about catching every trend reversal/setup. This technique is about teaching you to stay on the right side of trend and to target the Sweet Spot in the middle of breakaway/breakdown trends. Follow my research. Learn how I can help you become a better trader.
FX:SPX500Education
by BradMatheny
Nasdaq: Taken off 🚀The Nasdaq has now rallied strongly and has left its green target zone between 15 292 and 14 431 points. The next target is now the resistance at 16 062 points and a further rise to around 17 500 points, where we expect the high of the orange wave i. It is important to note, however, that it is also possible that the high was already set in July. This alternative scenario, to which we assign a 40% probability, would come into play in the event of a drop below the zone. The low of the orange wave alt.ii would then have to be in the orange target zone between 13 934 and 12 717 points.
CME_MINI:NQ1!Long
by MarketIntel
QQQ Short under $372I took a short at $372 using credit-calls. The thesis is that NASDAQ:QQQ has made lower highs creating high-resistance liquidity and has shown a propensity to cheese-knife down below prior swing-lows. This is a bearish run. There is a swing-low at $348 that is a possible bounce area; but I think that NASDAQ:QQQ intends to challenge the $372 zone anyway. This zone is an old swing low that was taken out which makes it a high resistance area. Fading a rally to this price makes sense. The thesis is valid if the price action toward $372 is indirect and drawn out. The thesis is less valid if price moves strongly toward $372. The prior swing-high at $380 is much higher resistance and presents a great short opportunity that could open up if $372 becomes challenged. For now selling premium on the short side at $372 makes sense. If we reach $348 a buying opportunity may form. Lastly - 27th SEP took out the 18th AUG Swing-low thus I think the market structure is still bearish which makes any swing-higher to be fadeable unless it starts to take out prior swing-highs.
NASDAQ:QQQShort
by DarthTrader1357
SPY Cycle Patterns CRUSH Day Leads Bearish TrendingMy proprietary SPY Cycle Patterns are an advanced predictive modeling system based on Fibonacci, Gann, and price cycles. The most incredible thing about these patterns is they predict future price action/trends many days, weeks, and months in advance - very accurately. The accuracy ratio of the SPY Cycle Patterns is usually about 85 to 90%. There are times when it is wrong. My proprietary research suggests we have entered a very dangerous new crisis phase. The SPY will likely target $404 or lower (possibly $393). I'm posting this short video to help you prepare for what comes next. Follow my research.
CME_MINI:ES1!Short
by BradMatheny
Looking for short entry on the $NQ overnight session.I believe price action will play out the way the blue bars are illustrated in the yellow circle. Will be looking for a short entry within the pink box range. A lot of people are calling for a counter-trend rally on the $NQ after this massive move down. But I don't think much more than a 1-4 candle correction will result. And as noted by my projection, I believe it will have been a 1 day correction and a weak one at that. May your P&L be green and fat. This is a long term swing trade with 1st profit target at ~ $13,600. Cheers and good luck!
CME_MINI:NQ1!
by DegenerateSatoshi
Nasdaq Bounce from L-MLHWhat a drag yesterday. The red Fork gives us very good context. We see how price reacted two times at the Center-Line. Then came the "Flush" throu the CL with no pull-back. No Mercy! This move brought us down to the Lower-Medianline-Parallel. From here price starts to bounce. It's also a level where NQ had support (see left side). So far, divergence with the RSI is confirming a good potential for a bounce. But I don't believe in this support, until we break the downsloping "Change In Behaviour" line. Price must prove that is has enough strenght. If this CIB line gets broken, I expect a pullback to it. This would be the level where I would stalk a long entry, with a target at the Center-Line. Happy Hump-Day Tr8dingN3rds
CME_MINI:NQ1!Long
by Tr8dingN3rd
Weekly Plan NQ Futures Week Of 9-2409/25 Weekly Plan. NQ Futures December ESZ2023. Weekly Pivot is 14,988 Targets 15,151 9/20 gap top 15,361 last week's vpoc 15,514 prior 5D balance half back Targets 14,816 250% extension of 5D balance break down 14,628 300% extension of 5D balance break down 15,526 6/8 gap bottom Now trading at 14,880 NQZ Alerts You will receive alerts in this channel every time NQ hits (2M candle close): Weekly opening 14,880. Weekly pivot at 14,98. Each weekly target. Side notes: Prior day balance zone is H15,714, HB15,535, L15,352 When trading off weekly levels, each level will act as support and resistance, “no trade zones” do not apply to weekly plan.
CME_MINI:NQ1!
by dhjesus
NQ1!, Rollover, OPEX and etc.Am I bullish or bearish while looking at this daily chart? The answer is neither. A lot had happened this past week: contract rollover, CPI, PPI, quadruple witching. It seems like trading was a mess and chaotic. Many gurus preached on FinTwit to stay away from the market and preserve the capital. I do see a value in those warnings. Especially, for those who are not comfortable with reading the price action or does not have a grasp on what price levels are important. Market action creates a lot of noise and may derail any professional. My approach is to go to a higher timeframe to filter out the noise and most important to focus on the important price levels. A Fib retracement on the chart gives those projected levels to focus on. Here is my price action dissection: multiple attempts to get over the 61.8% have failed, the price is pushed back hard to retest the levels below. I added a new rectangle as the area of interest. I do not attempt to predict whether those level hold or not. I let the market to show that. In my view, the price is stuck in a large consolidation area since June, a few fake outs in August pushed the price back in the middle of that consolidation. Usually, the middle of a consolidation area is where the price oscillates while both sides make attempts to gain control and this is exactly what we see since the last week of August. 09/16/2023
CME_MINI:NQ1!
by SviCapital
Learn To Trade Breakout/Flags More Efficiently - Part IIn my first tutorial, I tried to show how price channels can be used to identify and validate strong trade setups. Additionally, I attempted to show you how to identify better trade setups from what I consider invalid trade setups. Understanding and maintaining at least a 2:1 Reward-to-risk factor for any trade you consider taking is essential. Secondly, it is essential to understand and use proper allocation levels for trades. The simple way to understand allocation levels is to focus on the RISK amount. If your trade risks $5 per share and you can't afford to risk $500 on this trade, then you should NOT attempt to trade 100 shares of this stock. Set your risk level based on how much you intend to risk for the trade - nothing more. If you can only risk $250, then you would only trade 50 shares. If you can only risk $125, then you would only trade 25 shares. Learning to find and identify proper trade setups on Daily and Weekly charts is critical for success in the long run. I firmly believe price tells us everything we need to know about a chart, and indicators reflect price. As you continue to learn some of the techniques I use in various price chart setups, I hope you can refine your techniques to become better traders. I will likely create a PART II and PART III version of these types of advanced trade setups. Hope you enjoy.
AMEX:SSOEducation
by BradMatheny