Technical Analysis of SPx the price will move under the NFP and the Unemployment rate pressure, so the movement will be huge for the indices. Bullish Scenario: For a bullish trend to emerge, the price must stabilize above 5260, potentially pushing up to 5302. If the price surpasses this level, it may indicate the start of a new bullish trend of about 5347....
Technical analysis of SPx The price dropped from its resistance line at 5320 and is now consolidating between 5266 and 5226. Today, we anticipate significant market volatility with the GDP results expected at 1.2%. The price will likely touch 5266 before dropping towards 5226. If the price stabilizes below 5226, it will support a further decline towards 5192,...
Evening Traders, Today analysis – BTCUSD- trading in a price action apex where a breakout is imminent, Points to consider, - Price Action Impulsive - Dynmic S/R Support - Daily S/R Resistance - Low Volume BTCUSD’s immediate price action is impulsive trading in an apex where a breakout is imminent – allowing for a long bias. The current Dynamic S/R is...
I'm new to posting my ideas here. However, after watching the market for quite a while, I believe that simplicity in this market is the best indicator. Keep It Simple, using simple pattern formations like 'Head and Shoulders,' Pennants, Wedges, and Channels will help to determine which direction the market is going from big scale to small scale, depending on...