Pivot
SPX - We warned about the bear trap.Hello investors! Yesterday, I saw some traders calling it a short opportunity, but we already knew it was a bear trap. Just as I said in my last analysis, SPX resumed its trend and yesterday was only a healthy, necessary pullback for the price “take a rest” and go up again.
How we knew it was not time to short yet? Well, it just did a pivot at the hourly chart, and the price found support in both the light blue line (previous top) and the 21 ema. That means yesterday was only a pullback. Hourly chart:
We should be very careful and remember the Dow Theory’s 6th tenet: Trends Persist Until a Clear Reversal Occurs.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
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XTZ - The bulls are strong, but keep your eyes open!As a request, I’ll analyze Tezos today. It did an impressive bullish move, and now is near a resistance zone. It is pivoting continually, and the bulls doesn’t seem to be weakening at all.
At the hourly chart it did a H&S pattern, which would give a very nice trade, as you can check here:
If I was in the trade, I would be very aware of the “resistance zone” and get out if the trend change. It could be a bear pivot, a bearish chart pattern or even the loss of a previous support, as indicated by the red lines in the daily and hourly charts. Suit yourself here and do whatever gives you more psychological comfort.
Since I’m out, I must wait for a pullback, and the “resistance zone” is the ideal place for that to happen.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
SPX - Just closed a GAP.* Remember to support with LIKE and FOLLOW me for more analysis *
SPX today’s candle is a little annoying, yes, but we shouldn’t expect that the market can always go up, without taking a rest. The price respected the 2858 support zone (light blue line) and closed a gap.
If we look at the hourly chart, we may see this move as a correction after a pivot breakout, which is a natural and healthy move for SPX.
Now, there’s not much to do. Like Charles Dow would say, the trend will continue, until it got reversed. In the lack of any bearish sign, we can understand any drop in the prices as a pullback.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Daily analysis;
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- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
Camarilla Weekly resistance levels H4 chartPPO and momentum on these higher time frames are getting tired. the daily range still under resistance. weekly is at resistance. And monthly is at range resistance. I think we may rally potentially to 7.6-7.9. We may pump up. so manage the risk that is appropriate to you.
Bears are never truly gone for good. They are always in the woods waiting
AUDCHF Price just peaked out at R2 on the 1hrThis is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
Today Pivot Points Support and Resistance | Try itI calculate the important lines of support and resistance in my own way. They are good for determining the end or beginning of new trends, as well as for intraday trading and swing trading. In any case, this is a very important confirming moment for my trading strategy. Try it and tell me your opinion. Thank!
TICKER S3 S2 S1 Pivot Point R1 R2 R3
EUR/USD 1.072 1.077 1.08 1.086 1.09 1.095 1.1
USD/JPY 106.572 106.967 107.213 107.673 108.019 108.396 108.753
GBP/USD 1.223 1.23 1.236 1.243 1.25 1.255 1.261
AUD/USD 0.62 0.625 0.63 0.634 0.64 0.643 0.648
USD/CHF 0.959 0.962 0.966 0.969 0.973 0.976 0.979
NZD/USD 0.584 0.59 0.593 0.599 0.604 0.609 0.614
USD/CAD 1.384 1.393 1.4 1.409 1.418 1.425 1.433
NZDJPY UPDATE This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
USDCAD Will Price respect Support? This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
TECHM Intraday for 6th Apr 2020Mostly downtrend....Do not go long..
Short below 520.5, tgt 1- 510, tgt 2 - 491...
If price opens below 512, short @ 510 , tgt 491
No long until price reaches above 540, tgt till 580...or follow pivot points....
If price opens gap down and reaches around 490 levels, go long with tgt as pivot points till 520 max...