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NQ Power Range Report with FIB Ext - 4/18/2024 SessionCME_MINI:NQM2024 - PR High: 17685.50 - PR Low: 17670.00 - NZ Spread: 34.5 Key economic calendar events 08:30 | Initial Jobless Claims - Philadelphia Fed Manufacturing Index 10:00 | Existing Home Sales Value continuing to decline below 17000 - Responding to 2/21 inventory Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 4/18 +0.04% (open < 17665) - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 282.68 - Volume: 21K - Open Int: 254K - Trend Grade: Bull - From BA ATH: -5.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 18675 - Mid: 18106 - Short: 16963 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQM2024Long
by mv3trader5
SPX facing resistance to keep falling - a new doubt levelI'm updating my last reading on SPX about the beginning of a bearish leg. I understand that that previous signal has worked, and market failed to support the 200-SMA, although we're now facing a new test. My outlook remains the same, that the main trend is bearish, but I also believe that the path to the low may come along with counter-trend movements and congestions. On March 13th, prices reached the region of the last bottom and a massive buying volume showed up sustaining the market upper from that level. This drove us to where we are now, pulling back to the 200-SMA, and this famous average is now giving us a new make or break setup. The next days movements will probably drive the direction of the market for the next few weeks, and that could be either bearish or bullish. I would prefer if this was a bearish movement, along with the trend, that tends to make a more straighforward path and with a longer target (I estimate a gain around 10 to 15%, counting from last week close). Any set of black candles would point this way. On the other hand, some white candles, specially with a good volume, would point to the bullish or congestion case. But I believe that it would be a counter trend movement, barely reaching the previous top region (with a posssible return of 6% to 9%) - of course I can be wrong, but then we re-evalute the scenario if the top if reached. I don't know if I will trade the bull case, because I think this would be a more short-term situation. But for the bear case, I'm keeping open my bearish position that targets the next few months.
SP:SPX
by thessia_
Careful with LTCWatch for a test of the trend line drawn on the chart. As price recently made a new high it made it on a divergence against the RSI. This is a bearish signal that should continue to drop the price this week. Also, trend momentum has been losing strength based on a falling ADX. If momentum for the bears builds strength as the trend line is tested, be careful of a re-test of the previous low, or even a new low could be imminent (arrows on chart). Questions let me know.
COINBASE:LTCUSDShort
by CryptoMarket360
XRP is UnBearRipple to watchThe green highlighted area on the chart was the first sign of bearishness to return. Price could not even reach the 61.8% level as resistance. Momentum for trend has been maintained for the bears. The Average Directional Index (ADX) line is increasing at the same time the red negative directional index is staying elevated. The bears started to take control right at the time the black bullish trend line was busted to the downside. The price move below the blue 61.8% Fibonacci level keeps the golden ratio key resistance going forward. A full retracement target to the previous low and the trend line break objective (marked with arrows) creates a zone where buyers are likely to set up camp to build a new floor in the market. This zone is the target over the next week or so. Critical Resistance: $0.30588 Key Resistance: $0.29529 Key Support: $0.26698 Critical Support: $0.24653
BITFINEX:XRPUSD
by CryptoMarket360
2
#FibonacciFriday celebrates with a bearish sentiment in BTCUSDWith price finding early selling interest at a low Fibonacci retracement level ratio and the red negative directional index line not crossing down through the positive directional index line, look for selling interest to remain here with the previous low as a target for a test of support once again. Despite the latest move up recently, the bears maintain control. Not enough bullish signals for me to go long just yet. Happy trading!
BITFINEX:BTCUSD
by CryptoMarket360
BTCUSD 4H BULLISH BREAKOUT OR BEARISH FAILUREBTCUSD 4H is in a range Price at top of range Range top @ 7156.6 Long Trade Watch for a Bullish breakout Entry long on 15m chart with a break-hook-go pattern Previous high @ 8287 will be Take Profit area Short Trade Range top breakout failed Price fell back into range Range bottom @ 6009.6 Range bottom will be Take Profit area Our pulse system is bullish so all we do now is wait for bullish breakout or bearish failure confirmation This is our Strike Trader Elite Trading Strategy available on Tradingview now. Any questions for us please PM us.
BITFINEX:BTCUSD
by Tradingstrategyguides