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McDonalds Sell PossibilityHello traders! Mcdonalds is showing me a couple of different reversal signals after breaking yet failing to break and hold above a key resistance level. Signal #1: Descending Triangle. I'm watching for a continuation of lower highs and if it breaks below the triangle we will have a new lower low. Signal #2: It's approaching the 50EMA. I will be mindful to watch for a break at the market open on Monday. This will give me more confidence in the odds of a sell. Signal #3: Losing momentum on the Money Flow indicator signals bullish weakness. Signal #4: Price action is beginning to move below a falling VWAP. Breaking above the VWAP will be used as stop loss if I decide to enter. I am leaning towards a sell back to the support level 210. Patience. I will only enter a sell after the break of the 50EMA for this trade. Let me know what you think below! *This is not financial advice as I am not a financial advisor. All charts posted are for educational purposes.
NYSE:MCDShort
by Dereckthecoldest
2
30/11/2020 #NDX Pullback Complete?Trend(Daily/Weekly/Monthly): Up/Up/Up Late post today. Selling occured in Asian session but buying up now in European. Based on price action, price is still quite in an uptrend so tough to be bearish. We need another sudden sellling wave to come but momentum seemed to have slowed for now. My blue bias zone is at 12177-87, which we are now still above it. H4 looks very bullish now if you want to short, look for better location. Above R are 12249, 12304, 12349 and 12419 should cap high of day. Below 12177, supports are at 12139, 12097 and 12065-12077, strong support zone which should cap low of day. 12009 will be lower support for reference. Personally, I might go counter-trend short if 12249 fails, targeting the blue zone and watch for reaction for next move.
OANDA:NAS100USD
by FadeMeIfYouCan
26/11/2020 #gold Consolidating, for a Possible next downYesterday was quite a quiet day for gold, my trade plan nailed the top () Today is holidays so expect another quiet day. Based on price action, I am looking at a possible higher move before a strong sell. My bias zone is at 1823.25-24.95 and 1816.3-17.19 is the location for a pullback below further down. Below targets are 1800.35, 1793.027, 1781-84.37; this support zone should cap low of day. Lower support will be 1774.7. Above 1824.95, resistance are 1827.63 and 1832.19 should cap high of day. Higher level will be 1843.45.
OANDA:XAUUSDShort
by FadeMeIfYouCan
25/11/2020 #SPX We are going to Pluto!Upmove continues, thus I shall stop my bearish view (on Twitter). My view means nothing, just follow my trade plan and you will do fine. Based on price action, I do expect a re-tests of 3616 and even 3588. That is only healthy. But market doesn't care so blindly buying is the good thing to do. My bias zone is at 3638-41.2. Above R are 3664, 3673-77 (strong R and ATH) and 3686. With another vaccine news, we might see 3722 but well, just saying. Below 3638, I will look to short to 3616-22, 3600.6, 3590.2, 3582. In the event of a strong sell, we might see 3560. Yea, wishful thinking. I may take scalps along the way today, but nothing major till 3638-41.2 trades.
OANDA:SPX500USD
by FadeMeIfYouCan
24/11/2020 #NDX Continue to be weakRotation continues with #NDX below 12060-80 my key level, while #RUT continue to shine. Not sure when is the next rotation back but probably shorting #NDX is the safer short to do now. My blue bias zone at 11910-22 strong level. Bullish above, with resistance at 11940, 12018, 12068, 12110. If price hits 12210-20, it should offer low risk sell evel. 12068 will be my level to watch for a gd short. Below 11910, support are at 11890, 11854, 11816-24, 1178, 11726, 11686 and 11660. 11634 will offer low risk buy level. IMO, I am quite neutral based on price action. This week is a short week, well supposed to be bullish but well anything can happen.
OANDA:NAS100USDShort
by FadeMeIfYouCan
1
20/11/2020 #NDX Bulls with Slight UpperhandRotation seems to be the workings these days. We have divergence between #NDX and #SPX, one day #NDX is strong, one day #SPX is strong. Why does it not rally together? Lack of money in the market? With yesterday's closing, bulls seem to be more in charge. 11920-32 is my blue bias zone for today and price just bounced off it and is above. I still have the longer term downside bias below 12080 but as my heading says, bulls has an upper hand. If 12050/80 trade, bears will really need a strong rejection and it might signal an end of the bulls. If not 12126 is above. 12248 will likely cap high of day, signifying low risk sell level. Below the blue zone, I will expect stronger selling to happen. Below targets are 11902, 11860, 11828, 11796, 11734. 11702 should cap low of day. 11656 is provded just for reference.
OANDA:NAS100USD
by FadeMeIfYouCan
20/11/2020 #SPX Bull Bear fight continuesYesterday was a lackluster Doji day. I said it multiple times that the bears need to take this down earlier than later, and this week is better than next. Price still above 3510 which is good for the bulls. Today is #OPEX, supposed to be volatile day, and let's see if we will get a resolution today. Bias to downside below 3566-71.1, targeting 3555.1 and 3545.7, 3526, and strong 3505-3509 support zone. 3480 if traded, should cap low of day, providing low risk buy level. Above 3571.1, upside targets are 3584, 3592 and 3606. 3624 should cap high of day.
OANDA:SPX500USD
by FadeMeIfYouCan
18/11/2020 #DAX30 Pretty strong but pullback is healthyYesterday was a ranging day, hitting the highs and lows but trapping both buyers and sellers. But I would say #DAX30 is probably stronger compared to #NDX #SPX #FTSE. Price above my support zone so bias is to the upside but with the consolidation either way is possible. Price is probably preparing for a big move. Bias to the upside above 13130, targeting 13190, 13238, 13310. 13412 if hit, should cap high of day. If 13090 breaks, looks for 13072 as 1st support, with below targets as 13000-14, 12940-52. 12860 will be a good level to look for longs.
OANDA:DE30EUR
by FadeMeIfYouCan
18/11/2020 #NDX #NQ_F Same Bearish Plan but Bears need to takeitYesterday's 12060-82 sell from open provide the best trade. And multiple shorts off 12060 gave good profits. Now we are lower, but #SPX #ES_F is not. Same plan for today, be bearish below my blue zone. But sell needs to come soon if not the bears have to go into hibernataion. Down side targets are 12012 (now resistance), 11948, 11922-32, 11877.6-84, 11804-16, 11704. If 11632 trade today, it should offer a bounce. Upside targets above 12082 are 12140 and 12190 should cap high of day
OANDA:NAS100USDShort
by FadeMeIfYouCan
18/11/2020 #gold #XAUUSD Bearish below 1890I have tweeted many times about the importance of this level. We spent so much time at this level and now price is below. Below targets are 1873.56-76, 1857.20. 1848 recent low should cap low of day. Below this is 1836.6. If price rallies above 1893.52, we are looking at 1897.2, 1900.02-01.4 resistance zone and 1906. 1921.2 is another strong resistance which should cap any up move. Gold used to rally on USD weakness and in tandem with stock market rally. But times have changed. Now it is crashing on any vaccine news (negatively correlated with stock market). We shall see if the rally will continue
OANDA:XAUUSDShort
by FadeMeIfYouCan
18/11/2020 #SPX #ES_F Bull Bear fight continuesSellers failed to bring #SPX lower yesterday. It is approaching a critical level but bulls has advantage because monthly, weekly trend is up. Sell has to come sooner than later. If not, it is just a bull flag forming. My blue zone is 3607.2-10.6. I have shorted on break of this, below targets are 3588-92 support (yesterday's low), 3566, 3542 and 3522 should cap low of day. Lower level of importance is 3510. Above 3610.6, 3632, 3656 can trade while news can bring it up to 3670.6-73.6 which should cap high of day.
OANDA:SPX500USDShort
by FadeMeIfYouCan
17/11/2020 #DAX30 Bullish for nowWe have quite a bit of whipsaw yesterday and we closed mid of range. Price still in a balance area and TBH #DAX30 #FTSE are the stronger indices now. I am looking at 13058-62 zone. Expect a pullback to this zone and see the reaction from there. Above we have 13168, 13264, 13374. I expect 13472 to cap high of day even if there are any news. If 13058 breaks, look for 13014, 12962-64, 12852 to trade. 12730-750 is strong support zone, should cap low of day
OANDA:DE30EUR
by FadeMeIfYouCan
17/11/2020 #NDX Be bearish till it doesn't workIn my other plan for #SPX and in my tweet, I said that as long as #NDX 12080 holds, downside risk for #SPX #RUT #DJIA still exist. Yesterday I made many shorts off 12060-80. Will be same plan for today. To be clear, it is 3 indices bullish (#SPX #RUT #DJIA) vs 1 index (#NDX) which is not. I would say that each of my green levels are more of supports with possible bounces so definitely need to be nimble. Below 12082, bearish bias, targeting 11994, 11964, 11914-22, 11870, 11782. If 11702 trades, it should offer a low risk buy level. Above 12082, be long, targets are 12126, 12205.2. 12336 should cap high of day. But I provided 12408 as a higher level for reference.
OANDA:NAS100USD
by FadeMeIfYouCan
17/11/2020 #SPX #ES_F Be bullish, just don't be the last buyerIt is pretty amazing how they can release vaccine news one Monday after another, and the market just spike up (prob due to algo) like that. Interestingly it happened after Presidential Elections, I mean Trump is like boasting how much he did to help USA with the Covid isn't it? But yet this news came later. Are the CEOs of the 2 companies Biden supporters? My plan yesterday was titled #SPX bullish for now. This is in view of the 3510 level which I said need to break, which hasn't. But if you didn't follow me on Twitter, I said that downside risk for all indices #SPX #DJIA #RUT exist as long as #NDX 12080 not broken. Do note this Today we started off with a gap up but now is coming down. #NDX went above 12080 but fail (look above and fail). IMO is bearish. Price has already crossed my blue zone - bearish. Below targets are 3604, 3592, 3574. 3554.8 should cap low of day but if that breaks, 3510 (the important level!) is below. Above 3625.8, look for longs, targeting 3640, 3652, 3670. 3670 is really a strong R. Expect it to hold. But anyway above it, we have 3701.6
OANDA:SPX500USD
by FadeMeIfYouCan
16/11/2020 XAUUSD Leaning bearI started on my plan around 3 hours ago when price was near my 1900 resistance but now it had come back down to my bias zone. I wanted to say that gold looks over-extended but in the lack of any bearish setup, we look to be going higher. But now it is back to neutral and I am leaning bearish. Wait to see reaction.Go long only on bullish setup, targeting 1899.26-1900.96, 1909.38, 1921.2. In the event 1935.4 trade today, I think it will present a low risk sell level. If 1886.6 breaks, look shorts to target 1876.5, 1863.84, 1853.8. 1848.00 was last week low's and if we reach here, should see a bounce.
OANDA:XAUUSDShort
by FadeMeIfYouCan
16/11/2020 #NDX At inflection point Gap up (very small) and rallied to 12060 level which I talked about in my tweet yesterday together with #SPX at 3614. Price is consolidating, definitely favoring a continuation but it is my important level to watch for today thus I have been taking shorts instead. As you can see 12060 is capping the move now. Maybe we will only see a move when Europe opens (that will be long isn't it). Looking for a move down to 12006, 11960. If 11908, be cautiously bearish for a move down to 11850-56, 11758. 11706 should cap low of day.
OANDA:NAS100USDShort
by FadeMeIfYouCan
16/11/2020 #SPX Bullish for nowI was wrong with my bias on Friday but no damage done. Above my blue zone go long (multiple re-test of my blue zone) would give good profits. Today price opened and rallied. A strong one I would say, above my initial R to the next R. Above R are 3640.2 and ATH 3670.6-73.6 Now price stuck at 3614. I had tweeted this to be a strong R together with #NDX 12060. Inability to go above will bring us back to 3592 and blue zone at 3568-73. To even come back to this level would be interesting. Expect fast sell if 3568 breaks, targeting 3542.4, 3526, 3508.6. 3498 should cap low of day but I included 3480 (Fri's projected low in). Also do note in my tweet I said that #SPX 3510 needs to be break to invalidate the upmove.A close below it will be interesting.
OANDA:SPX500USD
by FadeMeIfYouCan
13/11/2020 #SPX Friday the 13th. BewareAs warned yesterday, don't be too bullish for #SPX. We had a sell lower and based on price action, we are looking for further down today. Blue zone, bearish below 3552.4. Now price is firmly below the blue zone, with targets at 3516, 3503.4, 3480-86.5 will offer a strong buy zone, while if we do hit 3454.6, will offer a low risk buy level. Above, 3552.4, we have 3566.5, 3576.2 as resistance. Unlikely price will go above 3608-14 strong resistance zone today.
OANDA:SPX500USDShort
by FadeMeIfYouCan