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SPYTrading Checklist Fundamental: United States - Recent GDP Report: -8.5 - Inflation Rate: +0.5 - Recent Interest Rate Change: +0.75 Technical: - Could be at the start of an abc wave. I wonder if it could turn impulsive. - Stochastic is in an overbought state. - Bearish doji candle spotted while bullish volume broke down a bit. - Current and recent candles may be indicating that the 20 HMA may carry us to the 200 HMA where price feels safe from time to time. Final Notes: - Set stop loss at wave b top to see if the wave is invalid and will reassess if hit. - Set three target o 38% (Risk reward ratio: 1.03) o 61% (Risk reward ratio: 2.28)
AMEX:SPYShort
by Redimere_91
3
AUDNZDTrading Checklist Fundamental: Australia - Recent GDP Report: -2.8 - Inflation Rate: +1.6 - Recent Interest Rate Change: +0.5 New Zealand - Recent GDP Report: -3.2 - Inflation Rate: +0.4 - Recent Interest Rate Change: +0.5 Technical: - We could be starting the c wave. The b wave has retraced the start of the a wave by 61%. - Price is increasing while bullish has been increasing since the beginning of the a wave. - RSI is close to being overbought. Final Notes: - Set stop loss at wave 5 top to see if the wave is invalid and will reassess if hit. - Set three target o 76% (Risk reward ratio:0.73) o 123% (Risk reward ratio: 1.91) o 161% (Risk reward ratio: 2.87)
Short
by Redimere_91
1
ETHUSDTrading Checklist Fundamental: - Net Network Growth : -0.23% - Large Transactions” -1.1% - 24 Hr volume: +25% Technical: - Stochastic overbought - Price creating a resistance. Current candle forming may be rejecting the 20 HMA. - Wave 4 (if valid) should retrace 38% of the start of wave 3 (where wave 2 is). - Two bearish candles at an extension with bullish volume decreasing. - Volume may be exhausting in this area. - If this is truly an impulse to the upside, wave 3 may be rejecting and or creating a new resistance at the 261% price level. Final Notes - Risk reward: 1.14 - I would hope this is really an “abc” impulse to the downside so we can get a better price on the way back up.
BITSTAMP:ETHUSDShort
by Redimere_91
1
EURUSD (Will update)Trading Checklist Fundamental: Unites States - Recent GDP Report: -8.5 - Inflation Rate: +0.5 - Recent Interest Rate Change: +0.75 Europe - Recent GDP Report: +0.4 - Inflation Rate: +0.5 - Recent Interest Rate Change: +0.5 Technical: - RSI Divergence? Lower high on Stochastic. Equal high’s between waves 3 - b. - Wave B retraced the start of wave a 85%. Bullish volume looks like it’s exhausting. - Wave c (if valid) should retrace to 85%, 123%, or 161% of the start of wave a. (Used Fibonacci and Elliott waves to determine targets.
Short
by Redimere_91
1
ETH (Sneaker Version)Hope you like the art. We might be approaching the end of the fifth wave. Do you think we can retrace to the 61% zone of the previous low (wave 4)? We are nearing an overbought area. We haven't gotten there just yet but I would like to see how the candle closes in a couple of hours. If the bull volume can close lower than the previous candle, we may be getting an early sign of weakness. Let's see how this goes. You can also say we are getting close to a double top if you like chart patterns. Follow an Like Let's build together!
BITSTAMP:ETHUSDShort
by Redimere_91
1
SPY (You like the sneakers?)Looks like we may be at a pivot point. We are at an overbought area on the RSI. I believe that this may be an "abc" corrective wave pattern. We may be coming off of the C part of the wave. I didnt want to over mark the chart. Looking for a 61% Fibonacci retracement to the previous low. It's a fair fight around this area regarding bulls and bears volume so I recommend looking at volume analysis before we really see where price may go. Price may need to test this 200 HMA. However, I have my reasons to believe that this current rally needs a cooling down. What do you think?
AMEX:SPYShort
by Redimere_91
GM (You like the Shoe?)We may be around an area where there is usually a good amount of sell volume. We are also on our third green wick'd candle within the last day. Of course we are overbought on the RSI and our current wave may be at its 161% threshold. I believe its a reverse abc pattern. Price is definitely at an important level where we should be able to see if price can push through the trend line. Until that point is proven, I'd like to see it test its recent low. Let's see how the open goes. Not advice.
NYSE:GMShort
by Redimere_91
NYSE - SwingTrading: updated WatchlistBear market surrenders ground; Is this just another bear market rally or is something really bullish going on here? There's really only one way to answer it earnestly. Let the market and the stocks in your own portfolio decide . Since the latest follow-through day took hold with a Day 5 rally in higher turnover on June 24, the major averages enjoyed one of their best rallies yesterday. The Nasdaq composite rolled 3.1% higher and lifted above its fast-declining 50-day moving average for the first time in roughly four months. Small caps performed even better with the Russell 2000 (IWM) ETF rising 3.5% on Tuesday in slightly higher volume vs. Monday. IWM also retook its 50-day line in a bullish style not seen since perhaps the middle of March. All great sign that we either have a big bear market rally or even the start of a new bull market. Swing-Traders should have started to test the market with pilot buys a few days ago and by now be invested by 30-50%. Let the stocks in your own portfolio tell you what to do next. Apply progressive exposure - increase your expoure only on the back of gains in your own portfolio. Here is the link to our updated watchlist: www.tradingview.com All stocks on our watchlist fulfill Minervini's Trend-Template criteria and are selected using IBD's CAN SLIM criteria. Also, they all have low risk entry points. Only the best stocks make it onto our watchlists.
NASDAQ:QQQLong
by JS_TechTrading
Stocks To Watch This WeekThere are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 28 total stocks on this list with 0 short squeeze candidates . Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
NASDAQ:QQQLong
by Jtacher51
2
YING AND YANG Concept The DXY is a Sniper's ISR (RSI in REVERSE) We know that makes the yang most US BASE PAIRS. Therefore we leverage this objective wisdom in the markets as we formulate strategies and formulas to trap price and ride the TREND$ into the promise land of PIP$. These pip$ are only reserved for Snipers and BIG MONEY. So the narrative for this set up is when yang goes short YING goes long. All of the parameters have been set. Price is FALLING INTO OUR SET UP not VICE VERSA ... looking for the trade or chasing the trade* The key is patience and TRUSTING your OBJECTIVE set ups. Price will fall into your trap. When you see your opportunity confidently snipe the trade. Our threshold strategy will always protect our trading accounts. Thus giving us a very small risk ratio compared to the 337 pip Weekly Range Reward. This is the Weekly TF so this is a HOLD until price reaches your profit level. Only you know what you want to extract from the market any given day or trading session. Never over leverage. Trust your trade set up. Have Fun. I AM:PRO TRADING MADE SIMPLE Have a Great Week of Profits SNIPERS! PREPARE TO SNIPE!!!!!!!!!!!!!!!!!!!!!!!!!
by Master-Jedi-Trader
2 Day Death Cross BTC $Seriously though... I do not see to many people talking about this scenario. I am not a financial advisor, and if I am looking at this chart correctly it looks to me the bottom may be in, but many professionals are over thinking the scenario with the inflation worries going on and the higher chances of a depression and further sell offs. What if they are wrong. Maybe we go lower maybe we don't and we stay level or maybe we do in fact have a significant rebound. I am semi bullish to buying more sub 20k myself. My own opinion of course.
INDEX:BTCUSD
by CryptoVallster
2
NKELooks like we may be retracing from the previous C wave. Sell volume decreasing on the last two candles with some bull volume coming in on the current candle. RSI is in oversold territory on the weekly, daily, and 8 hour. Current candle is a flat bottom so far. MacD may also be losing momentum. The current candle has formed bullish right after an indecision candle at a support area. Strong wickage at this level looking back towards May 12th. Looking to see if we can retrace 1 to 80% of previous high a month or more out. Let's see what happens! Might be a good idea to wait until next week. The market been green the last two days. What do you think? Let's have a great day!
NYSE:NKELong
by Redimere_91
1
BTCUSDLooks like we are close to the end of the C wave on the daily timeframe. Sell volume is decreasing on the 2 hour timeframe with the current candle painting bullish (doji) at the moment with that in mind. We are in a session high volume area on the 2 hour timeframe. On the daily, we are potentially recovering and entering a retracement to the current wave and I want to see if we can retrace anywhere between 38% to 61% of wave C. The macd is also showing signs of momentum loss on the bear sentiment. The current daily candle opened higher than the previous candle's close. Let's see what happens. What do you think?
BITSTAMP:BTCUSDLong
by Redimere_91
1