SPY WEEKLY 20th MAY 2024This is SPY Weekly. I have clearly explained the levels. If you have any doubts make sure to DM me.
NOTE:GO LONG ONLY WITH DEFINED SLs
Wallstreet
S&P 500 Daily Chart Analysis For Week of May 17, 2024Technical Analysis and Outlook:
In the S&P 500 Daily Chart Analysis for the Week of May 10th, it was observed that the market successfully retested the Key Resistance at 5260 and the Outer Index Rally at 5280. It is suggested that the Outer Index Rally at 5342 will be reached after hitting the newly established Key Resistance at 5314, followed by a potential move to the primary down target Mean Support at 5221. Additionally, there is a possibility of further advancement towards the Inner Index Rally at 5408 and the next Outer Index Rally at 5460, with the secondary triggering points at destination points.
GME: History Repeats Itself | 61.54% Potential ReversalGamestop Corp (GME) has been a hot topic in the financial markets, and it seems history might be repeating itself.
After a significant drop, GME has shown signs of a potential reversal, with technical probabilistic indicators are suggesting a bullish trend.
In this trade idea, I will analyze the current market conditions, key levels to watch, and a potential entry and exit strategy for GME.
Key Points:
GME has experienced a considerable decline in recent months, which may be attributed to market volatility and investor sentiment.
My FREE OrderFlow indicator is indicating a bullish trend may be on the horizon.
This probability analysis suggests price rejection at the 0.5 level, which could serve as a potential entry point.
The 30m buyside liquidity level could act as a potential target for short-term target while the 1W buyside liquidity acts as long term target at $120.
Entry:
Wait for confirmation of a bullish reversal, such as a break above the 0.5 Fibonacci retracement level or a strong bullish candle on the 30m chart.
Set a stop-loss order below the recent sellside liquidity on 30m.
Exit:
Consider using a trailing stop-loss to protect profits as the trade progresses.
Risk Management:
Ensure that the trade size is appropriate for your account size and risk tolerance.
Use proper position sizing to manage risk effectively.
Monitor the trade and be prepared to exit if the market conditions change or the trade setup fails.
Please note that this is not financial advice and should be used for educational purposes only. Always conduct your own research and analysis before making any trading decisions.
US30USD LongThis index has formed a doji candle, which might be an indicator of an indecision in the market. I anticipate that the market might retest the resistance at 40,000 based on the fact that sentiment is bearish on this trade.
Entry point at 38150, TP at 40050 ,and SL at 37200 as my R : R is 1: 2.
Kindly remember to risk 1 - 3 % of your account.
US30 HARMONIC PATTERN AND RESISTANCE ZONEThe US30 has formed a compelling harmonic pattern, displaying a distinct W pattern that spurred the recent rally. The resistance established at the peak is pivotal, as we anticipate a reversal when the price reaches that level. This is also where we anticipate the completion of the right wing of the harmonic pattern.
spy weekly 13th May 2024Welcome to Spy weekly. I have discussed the levels and my expectation of the market. If you have any doubts feel free to msg me.
S&P 500 Daily Chart Analysis For Week of May 10, 2024Technical Analysis and Outlook:
The index reached our projected Mean Res 5200 and swiftly jumped higher to press on to our Key Res 5260 and anticipated outcome of Outer Index Rally 5280; this upside move will trigger a strong squeeze pullback to Mean Sup 5178 and 5108. However, Spooz could go down to hit the two Mean Support levels from its current position before going to the mentioned support targets.
SPY WEEKLY-MAY 6 2024Welcome to SPY weekly and I have clearly explained which levels to trade & what direction market can take.
If you have any questions feel free to DM
NOTE: AVOID TRADING SPY
S&P 500 Daily Chart Analysis For Week of May 3, 2024Technical Analysis and Outlook:
The index reached our projected Mean Sup 5013 and swiftly jumped higher by suppressing our played-out interim Dead-Cat Rebound Mean Res 5110. Now, the index is moving to complete our Inner Index Rally 5175. This upside move will trigger a strong squeeze pullback to Mean Sup 5013.
SQ ENTRY 2 MAY 2024I know #sq has #earnings today and as you know I don't trade news so I will be waiting for my levels. It can come there tomorrow or next week or next month.
I will be waiting.
you can't mess up my psychology. I am ready to miss you #sq
#4chaartist
🚂 Bitcoin "Bitcoin represents not just the future of money, but the future of digital asset management, a secure payments system, and decentralized finance."
Bitcoin Market Analysis Post-Halving
After seven weeks of bearish sentiment, the Bitcoin market looks significantly different from the bullish euphoria experienced during the climb from $42,000 to $73,800. Now, with less than 48 hours left in the monthly candle, we stand at a critical juncture that could define Bitcoin's trajectory for May.
The Moving Average Convergence Divergence (MACD) indicator, commonly used to identify market direction, has entered what is known as the "red valley." This signaling suggests that we may be entering a more prolonged bearish period than initially anticipated by many analysts and crypto enthusiasts.
Currently, the BTC/USDT pair is trading around $65,500, facing significant challenges on shorter timeframes to generate the liquidity needed to break through key resistance levels. This stagnation below all-time highs could be interpreted as price consolidation before a potential significant move.
Investors and traders should closely monitor candle closes on higher timeframes and market reactions to crucial resistance levels. Patience and technical analysis will be essential tools for navigating the turbulent waters of the post-halving Bitcoin market.
THIS IS NOT A FINANCIAL ADVICE
SPY WEEKLY APRIL 29 2024I have explained the current situation in SPY so trade it very carefully. If you do trade then ge ready to burn your capital.
NOTE:STAY AWAY FROM SPY
S&P 500 Daily Chart Analysis For Week of April 26, 2024Technical Analysis and Outlook:
The index reached our Mean Res 5057 and valiantly surpassed it, indicating further upside potential to the Inner Index Rally target marked at 5175. From that point on, turning downwards to Mean Sup 5013 is a strong possibility. A further down trajectory is marked as Outer Index Dip 4865.
AMD PRICE ACTION 23 JULY 2024This is the price action for AMD. If you have any doubts, make sure to DM here. I have discussed all the levels and my trade action as well.
NOTE:SELLING PRESSURE IS WAY TOO MUCH
TESLA EARNINGS 23 APRIL 2024I have clearly explained TESLAs price action. Let me know if you have any questions.I dont see any buying opportunity in it currently.
NOTE: TESLA SHOULD BE AVOIDED FOR LONGS
SPY WEEKLY APRIL 22 2024Welcome to spy weekly. I have discussed the price action in the best logical way possible. If you have any doubts, feel g=free to shoot a message.
NOTE:FOCUS ON PRICE ACTION
S&P 500 Daily Chart Analysis For Week of April 19, 2024Technical Analysis and Outlook:
Upon completing the Outer Index Dip 5045, per the Daily Chart Analysis for the week of April 12, Spooz witnessed a decline in this week's trading session, leading to the Key Support level of 4950. The current market trends indicate that the index will experience an upward Dead-Cat rebound, targeting our Mean Resistance level of 5057. However, the downside risks cannot be ignored, and the index may continue its decline to reach the strategic Outer Index Dip at 4865, which is expected to act as a catalyst for reigniting its bullish trend.
Will it fall further or is it time to buy? Tension in East.Since the U.S. inflation data last Wednesday, the EUR/USD has depreciated for four consecutive days, falling by 2.42%.
Tensions in the Middle East and a strong U.S. Dollar Index (DXY) have contributed to this decline, which may be finding a potential buying zone.
The pair is currently trading around 1.063 at the time of writing this article.
The direction of the price this week remains uncertain. The EUR/USD is currently trading in a support zone (at the 61.8% Fibonacci level), but further declines cannot be ruled out given the ongoing conflict in the Middle East or continued strength in the DXY. The DXY directly influences the pair's exchange rate. On the other hand, the price is also near the support level of a triangular pattern, which suggests that after a few days of consolidation, buyers might gain confidence and push the pair toward the 1.09 resistance level indicated by the pattern.
**THIS IS NOT INVESTMENT ADVICE. EACH TRADER IS RESPONSIBLE FOR THEIR OWN TRADING DECISIONS AND RISK MANAGEMENT.**
SPY WEEKLY 15 APRIL 2024This is my weekly SPY analysis. Let me know if you have any questions. I have clearly explained the logical levels.
NOTE: TRADE WITH SL
S&P 500 Daily Chart Analysis For Week of April 12, 2024Technical Analysis and Outlook:
The Spooz continue to experience a severe drop in this week's trading session, hitting our two Mae Sup levels: 5150 and 5120, respectively. The current price action indicates that the market will pursue an upside movement to target our Mean Res 5208 and beyond. On the downside, Spooz may continue on a downward spiral to the Mean Support level of 5070 and Outer Index Dip at 5045, which is expected to act as a launching point to reignite its bullish trend.
SPY live 12 April 2024This is my live analysis for SPY . If you have doubts feel free to leave your comment.
Dow Jones(US30):🔴Possible scenarios🔴(Details on caption)
Well, as you can see Dow Jones in the daily chart swept the liquidity and created a new all-time high, then had a bearish reaction and shiffed the market structure as well.
after that, the price had a retracement from a bullish FVG to a bearish breaker block and continued to the sell side.
For now, there are two different bearish scenarios which I follow the first one.
First scenario: The price created the buy side liquidity below the balance price range in the premium. We all know it is a high-probability scenario that can push the price lower. So in this scenario, we wait to move higher, grab the buy side liquidity, and look for a sell position inside the BPR on a lower time frame.
Second scenario: If the price is strongly bearish we can expect the price to move to sell-side liquidity from inversion which has already tapped in.
💡Wait for the update!
🗓️07/04/2024
🔎 DYOR
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