SPY weekly bullish hammer at MA 200Order BUY SPY ARCA Stop 374.06 LMT 374.06 will be automatically canceled at 20230401 01:00:00 EST
SPY weekly bullish hammer at MA 200 ABC correction into MA 100 or maybe that's it for the downtrend.
Correction
InvestMate|NZDU/USD Time for a correction💵NZDU/USD Time for a correction
💵Quick play
💵Quick play to make a correction in the medium-term uptrend after the double top breakout on the hourly interval
💵Input at current level
💵Stop order above double top
💵Take profit at 0.57334 which is the 0.382 fibo of the upward impulse wave
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What does the EUR/USD chart say ahead of the ECB decision?Today we get the ECB, and another 75bps hike is expected…. so, what are the charts saying ahead of this? EUR/USD has already broken above its 2022 downtrend and back above parity and did so with a decent rally. So, this raises the question of how far is the market likely to correct? We have the 12th September high at 1.0198, but the area on the chart where the resistance starts to intensify is at 1.0349/69, the May and June lows and the August peak. Also, in this vicinity lies the 38.2% retracement at 1.0283 (of the move down from the February peak). If treat the recent consolidation between the .9535 low and 1.00 as a symmetrical triangle and measure that higher, that also gives a potential 1.0400 target, but for now we will stick with the 1.0349/69 band as this was also the 2016 low and represents a strong convergence of resistance.
I tend to leave broken trendlines on the chart, as these should now act as support on any pullbacks, the previous downtrend now lies at .9930. The 55-day moving average lies at .9916 and should add support to this area.
It is also nice to see a confirming break higher by GBP/USD through its 55-day ma at 1.1443, which opens the way to the 1.1760 July low and above here we have a couple of Fibonacci retracements coming in at 1.2050/75 (50% of the move from January 2022 to September 2022).
USD/JPY is also easing back having charted a huge key day reversal from 151.94. It has 140.35 as initial support (22nd September low) but the stronger band of support starts to kick in at the 139.34 July high and the 137.76 38.2% retracement of the move up from March. This band coincides with the base of its cloud at 138.15 and we would ne looking to take profits ahead of here.
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IWM daily evening star reversalOrder SELL IWM ARCA Stop 169.22 LMT 169.22 will be automatically canceled at 20230401 01:00:00 EST
IWM daily evening star reversal that's maybe it for wave 2 wave C correction of uptrend
Bitcoin new bottomhello traders
Bitcoin's impulse wave is bearish
The previous period was correcting or preparing for another bearish wave, and now the price has reached the sellers’ area, so the bearish wave may start from here
To me, it's a selling opportunity to target 16,500 Area
Downside of FTM Cryptocurrencyhello traders
As you can see, the FTM cryptocurrency is in a downward trend, making lower low and lower high
And the price is now retesting the order block with a corrective pattern
The trend is expected to continue and we will get to a new low
EURNZD - Looking To Buy Pullbacks In The Short TermD1 - Price has broken above a strong resistance zone and is holding above it.
No signs of trend change.
H1 - Higher highs.
Currently it looks like a correction is happening.
Until the two key support zones hold my short term view remains bullish here.
A valid breakout above the most recent downtrend line would be the validation for this bullish view.
EURGBPHi traders, EURGBP is setting up for a downside possible move watch price to go our mentioned pattern completion area and look price action on the top for a short position opportunity if price break 0.85786 level without hiting our mentioned pattern completion area then this setup will be invalidate.
Trade with your own strategy GOOD LUCK.
EURUSD continues to rise In the beginning of the week, we talked about price reaching its current levels of 0,9950 and then sell.
However, yesterday we had an impulse move up and right now we won't be looking for short positions yet.
After such a move, we are actually expecting a continuation higher.
Tomorrow we have ECB Interest Rates which is expected to cause more big moves.
In case of a continuation higher, we are looking at 1,0090 next!
This will be the next level where we will look to sell!
QQQ weekly bullish hammer at the end of wave 5 wave 5 downtrendOrder BUY QQQ NASDAQ.NMS Stop 274.21 LMT 274.21 will be automatically canceled at 20230401 01:00:00 EST
QQQ weekly bullish hammer at the end of wave 5 wave 5 downtrend. Either ABC correction to MA 100 or beginning of uptrend. My only concern we didn't panic and capitulate yet, so probably ABC correction.
EURJPY I Strong resistance ahead! Welcome back! Let me know your thoughts in the comments!
**EURJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AGG wave 1 of wave C correctionAGG wave 1 of wave C correction bonds normally predict stocks, so that's probably what we are looking into next 6 month.
EURUSDHi traders, EURUSD is setting up for a upside possible move i am expecting from price to hold the bottom and looking price action for a long position opportunity.
Trade with your according strategy GOOD LUCK.
CAD CHF SWING TRADE (SHORT)hello traders
There is a bearish impulsive wave and we have a correction in the form of an expended flat. We expect to get another bearish impulse wave, so we have a good selling opportunity
The potential downside of goldhello traders
There is a bearish impulse wave and we have a correction in the form of running flat. It is possible that we will get another bearish impulse wave, but the sellers must break the last wall of the buyers and the buyers' reaction be corrective after break and the sellers overcome it as well
If these conditions are met, a sell trade will be executed to target the level of 1611.500
EURUSD isn't strong enough to continue It looks like the upside move that we're expecting this week doesn't have enough strength to continue.
Yesterday, we didn't see the rejection of the 0,9808 support.
You shouldn't be looking to buy anymore but instead, wait for a sell signal.
We could possibly see a move up towards 0,9915 and that's where we will be looking for potential reversal.
EURUSD H1Hi traders, i am looking it the EURUSD chart if price go back and come around our mentioned pattern completion area then i will be looking price action for a short position opportunity, if price drop from the current area and break 0.96325 level without hiting our mentioned level then this setup will be invalidate.
Trade with your according strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong GOOD LUCK.
(1D) S&P500 WXY DOUBLE ZIGZAG CORRECTIONPossible Double Zigzag (WXY) pattern playing out on S&P500, which started from the ATH in January and is still on going.
In my previous analysis from 2020 (linked below), I proposed that the ENTIRE history of the S&P500 so far is simply part of a 5 wave bull Impulse, which is still on going. Within this bull Impulse, we are currently in Wave 3, which itself is turning out to be an 3rd Wave Extension made up of 9 waves. This Wave 3 started at the end of the Housing Market Crash in early 2009. Of this Extended 3rd wave, the current WXY correction we are in represents Wave 8 before we resume the bull trend to complete the extended Wave 3, which will then start the 2nd major correction on the bull impulse mentioned before on the macro scale. The first major correction (Wave 2) was a 3 wave correction consisting of the Dot Com Crash and Housing Market Crash.
According to this analysis, we are still in for some pain well into the new year, so hang tight! Trade responsibly.
#EverythingIsAlreadyWritten
NZDCHF H4Hi traders, NZDCHF is setting up for a downside move i am expecting from price to come around our mentioned pattern completion area and looking price action on the top for a short position opportunity, if price drop from the current area and break 0.55091 level without hiting our mentioned entry level then this setup will be invalidate.
If you are taking this trade so please i request you trade with your according strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong GOOD LUCK.
AUDCHF H1Hi traders, AUDCHF is setting up for a downside move watch price to complete our pattern and look price action on the top for a short position opportunity if price drop from the current area and break 0.62298 level without hiting our mentioned entry level then this setup will be invalidate.
If you are taking this trade so please i request you trade with your acourding strategy do not depend on my analysis, this analysis is just a scenario and i would love to be wrong GOOD LUCK.
EURUSD is heading towards 1,0090! The breakout of 0,9808 from yesterday, confirms the ascend of EURUSD.
The first target here will be 0,9915, followed by 0,9999.
All long positions must be closed before 1,0090!
It's important to understand, that this is only a part of a pullback from the higher timeframes and we should see a reversal to the downside soon.
This will be valid only if price doesn't break below 0,9725!
USDCADHi traders, USDCAD is setting up for a downside move watch sharp breakdown to the downside and look for a short. If price did not give us a sharp breakdown then watch price to come around our upper mentioned area and look on the top for a short position opportunity GOOD LUCK.
