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200ma

SPX500 Currently Resembling 2008 Chart: Will it Crash this Year?I first want to note that this is a speculative idea, I may be seeing what I want to see instead of what is actually on the chart. But, with that said, there appears to similarities between the 2008 chart and the current chart. Additionally, if you hover over the blue ovals - for lack of a better word - on the chart, they should provide some context. Both periods have head and shoulder tops, and it appears that approximately 1800 will act as a short term double bottom, which is similar to the 1260 short term double bottom in early 2008. If the index rejects 1945, then I'm expecting a rough version an inverse head and shoulders to form, but I'm actually not looking for this to happen. Rather, I believe the market will push through the .382 fib level, and hit the .5 retrace before mid March. From there, if we roughly follow 2008s pattern, the index will hover around the 50% retrace until the 200 MA meanders down to around 196, at which point the market would reject the moving average and proceed to crash over the rest of the year. The theoretically, but I believe likely, coming 200 MA rejection may happen sooner if the market pushes through the 50% retrace and gets to the hits the golden ratio 61.8% retrace at 1997.7, which is in essence the massive resistance level of 2000. This immense resistance, if the index gets there, should reject barring any radical change in geopolitics. Finally, if you compare the current SPX500 Index chart to the oil chart posted below, you'll see roughly comparable already formed and head and shoulders with a descending neckline on oil. Of course, oil broke through the neckline that was formed, and dropped very significantly quit quickly. Again, all of this is speculation, so do not trade by it unless history repeats itself and patterns confirm
FX:SPX500
by zkstonks
4
GBPNZD Wave Count: Bull Bat ABC Continuation to Gartley TargetOn the daily time frame, price has been rejected at the PRZ of two larger harmonic bullish patterns (Bat + Gartley). The rejection was swift with a 5 wave bullish impulse, followed by a triangle correction and another small impulse to complete a 3 wave pattern (labeled here as (A) of a possible zig-zag correction). Now we are nearing the completion of a bullish bat pattern near previous corrective wave support (B in this case). The bat PRZ may also be supported by the weekly pivot and the 200 period moving average. The (A)=(B) level is confluent with .618CD on the higher TF patterns, so we may see these higher TF patterns meet their targets with this ABC zig-zag correction. With entry at the bat PRZ, SL placement at 1.13XA and target taken at the confluent target level, this is a low risk high reward trade with a R/R of 8.14. Confluence in the PRZ: Bullish Bat (1D TF) Bullish Gartley (1D TF) Bullish Bat (1HR TF) Previous corrective wave support 200MA support EW Count suggests upcoming bullish impulse .618CD & (A)=(B) target confluence Weekly pivot support Structural S/R Zone
Long
by glennmercer
2
NZDCAD: SIMPLE PRICE ACTION BASED TRADE SETUP ON DAILY !!!Hello Trader, This short trade setup on FX:NZDCAD is simply based on current price action and the key levels that are labelled on the chart above. As we can see that after every consolidation periods (yellow lines) we got breakouts in the form of strong impulse moves (blue arrows). After being in a strong impulse move for the past 4 weeks, the buyers seems to be running out of steam. Keep the 0.90000 key psychological round number in mind, most likely to act as strong resistance level. See the chart above for more detail. Below is the list of valid reasons for placing short pending orders: 1.) Bearish Pin Bar formation right at key psychological round number of 0.89000 2.) Bearish Pin Bar formed exactly at 200 day moving average, which is now currently acting as strong resistance 3.) Strong RSI Bearish Divergence 4.) From historical perspective, market retraced most of the time AFTER strong impulse moves ENTRY: 50% of the Bearish Pin Bar's wick TARGETS: 1st @ 0.88049; 2nd @ 0.87139; 3rd @ 0.85152 STOPS: 20 pips above the Bearish Pin Bar's high NOTE #1: Each target is based on key structure levels (previous swing highs or previous swing lows) Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :) Follow me on Twitter as well: moneymaking2016
Short
by moneymaking
10
AUDJPY: Very nice harmonic setupHere is a very nice shorting opportunity. Bullish gartley with several confirmations: 1. weekly pp 2. 200MA 3. structure resist We have a very nice R/R for both targets. Both targets have structure backup if we look left. Avto_T Green Luck --------------------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information, fill the survey form and reserve your seats my friends! Follow me and be the first to enter our world! Facebook Page Facebook Group Twitter Pre Launch Survey
Short
by RCP
AUDUSD: I Smell BullsThere is a very nice potential rally on FX:AUDUSD . As we see price has broken a bearish trend @0.7021, then made a pullback, then tested the high @0.7040 and now is ranging in ascending triangle. If the price breaks the triangle and makes HHHC, then we are in a bullish market. Our potential target is next structure @0.7096 with the confluence of 1.618 fibs extension. Besides we have a very nice confluence of triangle based targets rule. Avto_T Green Luck ------------------------------------- ATTENTION : Very soon, the best forex services will be available for you traders. Contests, bonuses, the so called “Big Deal” service, which you have never faced before and many more friendly and individual services. Please Click here for more information, fill the survey form and reserve your seats my friends! Follow me and be the first to enter our world! Facebook Page Facebook Group Twitter Pre Launch Survey
Long
by RCP
Three important zones to monitor over the next few weeksWith $EURUSD's price hanging inside a very interesting harmonic sell zone (see linked idea) and $GBPUSD with bullish momentum that hasn't reached my target level (see linked idea), I tried to see if there's some reversal levels I could use to trade $EURGBP. I've found three different levels that could create some short term reversal in $EURGBP that I plan to watch and monitor over the next couple of weeks: 1. AB=CD pattern near 0.725 - This pattern actually already completed and in case that $EURGBP will continue slightly higher it will violate this pattern. If $EURGBP will open below 0.725, this pattern might work. 2. My favorite option is the bearish Butterfly that completes near 0.73 - The figure level, the fib confluence and the harmonic pattern provide good reasons to seek for price reversal near 0.73. 3. The last zone is 0.735 that comes with major structure and the 200 daily SMA line. This zone can be used for stop losses for those who seek to trade the bearish Butterfly. 50-100 pips stop loss above 0.73 could be sufficient if indeed we will see some bearish sentiment crawling back to EURUSD. RSI isn't overbought yet, but its getting there. If we will take the max risk here - 100 pips and max profit for this setup (targets near 0.71), we get about 1:2 Risk/Rewards. Hope that you'll like this analysis and if you do, subscribe to my newsletters - goo.gl
Short
by themarketzone
2
EURJPY SHORTPRICE IS STRUGGLING AT AN IMPORTANT STRUCTURE WHICH HAS ALSO FORMED A SMALL DOUBLE TOP. PRICE ACTION IS SHOWING THAT SELLERS ARE PROTECTING THIS LEVEL. THIS IS LOOKING LIKE A GOOD OPPORTUNITY TO GO SHORT IN LINE WITH THE DOWNTREND. IF PRICE MANAGES TO BREAK THE STRUCTURE LEVEL THEN THE NEXT LEVEL TO LOOK TO SELL IS AT THE 200 SMA WHICH HAS BEEN ACTING AS A DYNAMIC TRENDLINE/RESISTANCE AND IT IS ALSO IN CONFLUENCE WITH THE 61.8 FIB LEVEL WHICH IS MAKING THIS TARE A HIGH PORTABILITY WE COULD GET SOME DOWNSIDE PRESSURE. TARGET AT 126.000
Short
by remelthomas
SWKS trending well but approaching $100SWKS has been trending well for about a year. There was a deep pullback in October 2014, which would have stopped most longer-term trend traders out of the position, but the trend soon resumed its prior linearity. This stock could have first been traded when it broke the 2001 high, in April 2014 at around $40, as the uptrend was already well established. Then, after the October 2014 pullback, it could have been traded again. Although the 2000 high, of $78.25, was on the horizon there was still plenty of room for price to move. In fact, price passed this high with little fuss - the retest marginally breached $78.25 - although the pullback did take a few weeks to complete. Now price is approaching the $100 figure (which can act as a psychological resistance) and the chances of becoming risk-free prior to this are dwindling. For near-term traders there is a good opportunity here, but for longer-term traders it may be safer to wait for $100 to be broken (and possibly also wait for the earnings announcement on 21st April).
NASDAQ:SWKSLong
by iAnneTrader