leslieyimsm

04:01

leslieyimsm

Calling tops or bottoms is always dangerous. But since this is just an analysis, there's no harm :) The Daily is a green doji candlestick. Not the weakest. However, the 4H is a red doji candlestick. So, we should see price coming back down as of the next 4H candlestick...even if it's small bodied since it's Asia trading hours. If price continues to go higher...

06:26

leslieyimsm Updated 

Market is still bullish, but momentum is weakening. There's a clear support zone at between 5910 to 5950. This is where I forecast it will drop to if profit taking were to happen. If you want to be trading short term, then make sure you see signs of reversal at the 4H chart...like bearish engulfing, tweezer top or double/triple top / H&S at the lower timeframes...

03:11

leslieyimsm

Tomorrow is a BIG day i.e. the US Election! Likely going to chop around until a clear winner is announced. But based on the chart, it looks like it will be sideways to bearish. If I have time, I'll give another update tomorrow afternoon (EST)

05:11

leslieyimsm

Do check out my thought process on the S&P 500's chart in my previous videos. Again, price goes to forecasted area. I believe it's going to be sideways on Monday as US Presidential Election is on Tuesday.

04:33

leslieyimsm

Very bearish day! Hope you managed to get some profits out of it! Price is at support now, but it just might go a little lower still. It will be choppy all the way down though. If you're a short term trader, then you can look at the 5 or 15min charts. Make sure there's some kind of reversal chart pattern (like double/ triple bottom / inverted H&S) formed at the...

03:41

leslieyimsm

As forecasted, it was a choppy day & likely going to continue tomorrow. If you want to be trading, then it's better to time your entry at the nearest to the support level & take profits at the next resistance level, and same on the Sell side. Take care & always trade within your risk!

02:38

leslieyimsm

Price action analysis of the S&P500 E-mini. It is likely going to be choppy for awhile. So it is better to stay aside until a clearer direction is formed. Overall, it's still in an uptrend, but we might see a few more bearish Daily candles.

01:03

leslieyimsm

Too bad I didn't follow through with my original target :) But still made small profits. Next few trading days might be sideways to bearish. So I will look to sell more than buy.

00:42

leslieyimsm

The price action took quite awhile to reach the profit target, and now it has developed into another pattern. I think it's good to take the profits, and call it a good trade. Always trade safely & NEVER risk more than you should!

04:23

leslieyimsm

I analyze charts from Daily down to 1 minute (sometimes). After marking out the supports & resistances, buy & sell zones, taking note of possible chart patterns, then I'll look for possible trading entry. Entry can be counter-trend or counter-cycle. Just need to manage the risk accordingly & know when to take profits. ALWAYS risk smaller than you think you can accept!

leslieyimsm Updated 

This is a rather complex chart because there's quite a number of waves & patterns to look out for. (Well :) who said trading is easy?!) So, I draw my perspective basing on the Daily chart. 1) yellow 12345 = impulse wave down 2) Blue ABC = retracement 3) Green 12 = another impulse wave Right now I'm seeing the end of wave 1 (green line) and forecasting that we...

leslieyimsm Updated 

Based on this 4H chart, it's currently in a downtrend. Also, completed an ABCDE continuation pattern. Forecast to see a small pullback to Supply Zone before selling off! Target profit 1 = next support i.e. 40k area (based on Daily) Target profit 2 = next Demand Zone around 38k area (based on Daily) Heading into the weekend. Volatility usually isn't high. Be...

leslieyimsm Updated 

Based on this 4H chart, there's an inverted H&S pattern. Given the selloff last Friday, the momentum is being suppressed a little. Let's see if it will breakout from its neckline. If it does, then 1st TP will be the recent high. Will like to see price holds above 1620. If it doesn't, then likely it's a fail pattern. Look for strong patterns on tech counters...

leslieyimsm

All the index has experienced a relative selloff recently. So what will this bounce up be, a retracement or trend continuation? If it reversed at 4480 (white line), then it's a retracement and we can expect to see more selloff in the upcoming weeks..likely to reach 4200 area. If this rally continues all the way to 4500 area (green line), then the bulls are back...

leslieyimsm

Strong support at $90. However, down trend line also is strong. Weakening momentum as confirmed by the MACD indicator. Likely to see the down trendline holding down prices. Will have to see which Demand Zone (green boxes) provides the support. If it doesn't and it breaks below the $90 support, then it might fall to $75-$80. Definitely don't want to see it fall...

leslieyimsm

So the wave 1 and 2 played out as forecasted! So we can expect wave 3 to be true as well. If that's the case, we can forecast bitcoin hitting 68k by year's end! As it is, this current surge is still wave 1 within of wave 3 only! Crazy? Maybe! Time will tell and price will show :) Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my...

leslieyimsm

Recent price action is pretty similar to Bitcoin, and so the evaluation is going to be largely similar as well. Next place to watch is the immediate resistance at around 1.13 area. If we see strong rejection, then the upside is probably going to be limited and we will see more side ways action. If it goes all the way to 1.2 area, then we should be the bulls in...

leslieyimsm

Back in August, I applied the Fib. Retracement tool, albeit wrongly, to forecast the possible move the S&P 500 will go before a sizeable correction will happen. 2 months later, turns out to be pretty accurate! Well, not to the T but still pretty impressive I'd say! So, the next question will be how low will it go before resuming its trend? Or is this selloff the...