SPX500 ready for for new lows?Evening traders. Ive been watching the spx500 for quite sometime now. If you look and my chart the price has bounced off the trend line quite a few times. I was expecting to see price move in between both trendlines, squeeze and push either upwards or downwards.
As per my strategy my sell signals have triggered which are all highlighted in red. RED cloud formed. crossover. lagging span broke the cloud and price closed below cloud. However as you can see the highlighted yellow area the market has been volatile and could take an unsuspected upwards move. It could be a trap to trigger positions, push back to the lower trendline or even hit the cloud again and then hit lows at 3639 - 3548.
I am following my strategy though and I will be placing a trade in the next few days.
As always trade safe
cheers
Trendlinebounce
NYT: Fighting the Fed?!New York Times Co
Short Term - We look to Buy at 29.68 (stop at 27.17)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Trend line support is located at 29.60. Support could prove difficult to breakdown. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 35.79 and 39.00
Resistance: 35.90 / 47.50 / 56.00
Support: 29.30 / 22.00 / 16.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
PLTR:Very close to trend line!Palantir Technology
Short Term - We look to Buy at 9.19 (stop at 7.55)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Trend line support is located at 9.00. Support could prove difficult to breakdown. Dip buying offers good risk/reward. Further upside is expected.
Our profit targets will be 12.96 and 14.00
Resistance: 13.00 / 16.00 / 24.00
Support: 9.00 / 6.60 / 4.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
EURUSD SHORT OVERVIEWWe are looking at a conflunce of Events at area marked A:
1. EMA channel still holding Trend
2.Trendline Bounce
3. Support Turned to Resistance
4. Whole Number
5. And possible Dumping/Stop hunts earlier in the week when price moved fast to that zone stopping al those who took Short position early.
SPX (S&P500) - Trendline Support Test - Daily - PotentialSPX ( S&P500 ) is currently testing Trendline Support price above $3737.20.
SPX price could potentially bounce up from trendline support to the price targets above: $3894.86, $4000, $4100.
FOMC Statements & Press Conference policy changes could cause extra volatility this week and month for risk assets.
This would mark the 6th major time the SPX price has tested the lower trendline support line.
However, if trendline support Fails, price could eventually fall down to $3700, $3600, $3500 below.
Utilize stop loss, profit target, position sizing, and risk management.
All content is Not financial advice. Trade at your own risk.
Bitcoin (BTC/USD) Trendline Support Bounced - Potential SwingBitcoin (BTC/USD) price has bounced up from $20000, forming a Trendline Support Line.
Intraday price pullbacks back down can occur this week and month.
Watching to see if a new 1-hour or 4-hour Uptrend forms for Long Swing Trading or not.
Bullish Targets would be: $24000, $26000, $28000.
However, if an intraday uptrend fails to form, there could be a re-test of support levels below.
Bearish targets would be: $22000, $21000, $20000.
Utilize stop loss, profit target, position sizing, and risk management.
All content is Not financial advice. Trade at your own risk.
USDJPY: Bulls never left!!USDJPY
Intraday - We look to Buy at 136.03 (stop at 135.42)
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Dip buying offers good risk/reward. Further upside is expected although we prefer to buy into dips close to the 136.00 level.
Our profit targets will be 137.48 and 138.00
Resistance: 137.50 / 139.40 / 145.00
Support: 136.00 / 132.00 / 126.70
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
PLUG:Higher high?Plug Power
Short Term - We look to Buy at 15.44 (stop at 12.51)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher highs is located at 14.00. This is positive for sentiment and the uptrend has potential to return. Dip buying offers good risk/reward.
Our profit targets will be 23.88 and 26.00
Resistance: 25.00 / 32.00 / 45.00
Support: 15.00 / 10.00 / 5.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre
GBPJPY DOWNTRENDPrice dropped to the initial target and pulled back to the descending trendline.
Bulls have not been able to break above the pivot suggesting the price will drop further towards the support.
A break and consolidation above the trendline will change the bias to bullish with initial target at 167.8.
AUD/USD Technical AnalysisOn the monthly timeframe, AUD/USD prices are keeping the downward structure after creating a double top around 0.80 and bouncing off the bearish trendline several times. In the medium-long term, unless any unpredictable events happen, I expect the price to fall to the pre-covid area which is around 0.57.
XAG/USD TECHNICAL ANALYSISOn the monthly and weekly analysis of silver, you can see the price has formed a double top pattern and broke the neckline. I expect the price to decline back to the area where covid started and that will be in confluence with the target of the double top pattern which is the 14.20 area unless any unpredictable events occur in the time being. This is a medium-term analysis so keep in mind prices can move up and down in the short term, rely on a lower time frame analysis for better entry prices.
GOLD BOUNCES ON TRENDLINE SUPPORTGold has experienced sideways movement in the past few weeks lacking enough bullish momentum to break the 1870 resistance level.
The price has slowly crawled towards the trendline support from where it bounced bullishly on Friday.
Bullish divergence on technical indicators suggests minimal bearish momentum to break the support and drop further.
With NFP coming this week, the price might finally gather enough momentum to break above the resistance and head towards 1920 initially.
Consider looking for buy entries on lower timeframes.
Alternative Scenario
Should the price close below the support, the next destination will be 1753.
Long Term SELL on USDCHFMarket bought corrective into Monthly OB for a retest. Also, we have psychological level 1.0000 at this OB. We are also seeing trendline confluence supporting our Sell bias.
Market could fall to 0.9000. We should also take note of how price reacts with the lower trendline of the inside channel.
*** This is just my opinion. It doesn't serve as financial advice ***