I am Bullish On ES, i wanna take Out that Buyside, Those EQ highs On Weekly
After the down trend and the liquidity Taken of the sell side we will see a change of trend towards Supply Zone it's just idea
S&P500 is going according to the analysis of a few weeks ago. it is likely that it is currently in the period of wave 5, there is no visible weakening of the trend in the short term.
Next week we will see a break in resistance to continue to Supply Zone or a rejection of the price for a reversal to demand zone
Too many high volume profile bars. entry only if it comes beyond PD volume bars.
Pair : US500 Description : Rising Wedge as an Corrective Pattern in Long Time Frame with the Breakout of the Lower Trend Line and Retracement Divergence Break of Structure Bullish Channel in Short Time Frame as an Corrective Pattern Completed " 12345 " Impulsive and " ABC " Corrective Wave
Currently I'm just waiting for us500 to rise up to 4005 which is my liquidity area for it to then drop down to the 3960 area taking out multiple traders along the way.
Pair : US500 Index Description : Flag Pattern Divergence Bullish Channel in Short Time Frame as an Corrective Pattern Break of Structure will Complete its Retest at S / R Level Completed " ABC " Corrective Pattern Impulse Correction Impulse
US500 broke down from the weekly support which was not expected in the previous post. But to me it still looks like a fake break down. It has also hit the downward trend line from the top. It seems it is going down a bit and head up right into the support region it has lost.
So as mentioned in the previous post, the price hit the target of 3990 following S1 path. This is a weekly support zone and I expect a bounce from here. The degree of bounce from here and the momentum in that bounce will decide the next course for the price action. The bounce will head towards daily resistance 1 and 2 zone.
This week I'm targeting the daily volume imbalance. However, I'm neutral on whether the price will go higher.
i see a beautiful reversal triangle pattern which is likely to take effect this week
I believe price heading for the weekly volume imbalance.
Hello guys. This index has been forming a bearish/ falling flag for the past few weeks and it broke out of the channel, retested it and a bullish momentum has been formed. My entry point for this trade is at 3800. My stop loss is placed below the previous market zone at 3720 and my targets are 3880, 3960 and 4040. My R:R is 1: 3. Remember, move your stop loss...
Already took two long positions still holding i did not put TP yet because I'm looking to see price react @ 3765 , if it goes above it will go to @ 3807 then break , once broken it will go all the way to @ 3905 and i will close trades
The major US indices, including S&P 500, are continuing to plumed after the Fed rate decision yesterday. The interest rate reached 3.25%, as it was predicted, but the forecasts are that the interest rates will keep increasing into the entire 2023 as well, reaching levels of 4.6% The technical indicators are suggesting a downtrend as well, MACD histogram is below...
S&P 500 on the daily chart. The market is still under the control of the bears. This mean that we have to look for selling opportunities more than the buy once. Let us see how the market will move on Monday.