Today, I want to analyze the S&P 500 Index ( FOREXCOM:SPX500 ) for you. This index is one of the most important indices in the US stock market , which has been determining the direction of parallel financial markets such as crypto and especially Bitcoin( BINANCE:BTCUSDT ) for the past few days, so an analysis of this index can be important for us. The S&P 500 Index started to fall after Donald Trump imposed new tariffs on countries around the world, which was like a coronavirus . The question is whether this fall is temporary or will continue . To answer this question, we need to consider many parameters, but if we look at the sds chart from a technical analysis chart , we can expect a further decline . The S&P 500 Index is moving near the Resistance zone($5,284-$5,095) and is completing a pullback . It also lost its important Uptrend lines last week, which is not good news for the S&P 500 Index and US stocks . From an Elliott wave theory , the S&P 500 IndexS&P looks like it has completed the main wave 4 , and we should expect the next decline(-10%) . I expect the S&P 500 Index to attack the Heavy Support zone($4,820-$4,530) at least once more. The area where we can expect the S&P 500 Index to pull back is the Potential Reversal Zone(PRZ) . What do you think? Will the S&P 500 Index continue its downward trend, or was this decline temporary? Note: If the S&P 500 Index touches $5,408, we can expect further Pumps. Note: There is a possibility of a Bear Trap near the Heavy Support zone($4,820-$4,530) and PRZ. Please respect each other's ideas and express them politely if you agree or disagree. S&P 500 Index Analyze (SPX500USD),4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button ?? & Share it with your friends; thanks, and Trade safe.
Falling wedge on the 4h means hope is on the way but another leg down in the structure seems likely as we were rejected at resistance the first time. Time to reload shorts?
#ZIL The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest. We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.00930. We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend. We are looking for stability above the 100 moving average. Entry price: 0.01030 First target: 0.01075 Second target: 0.01111 Third target: 0.01153
Technically we can wait for pending Sell on the EURAUD pair. For the position please see the chart above. Don't forget to keep your respective MM and RR. You can cut profit if it is running according to your wishes. Don't move SL longer.
There is an upward impulse wave and a correction pattern. Another upward impulse wave is expected.
#10000LADYS The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it. We are seeing a bounce from the lower boundary of the descending channel, this support at 0.0002670. We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend. We are looking for stability above the 100 moving average. Entry price: 0.0002900 First target: 0.0003067 Second target: 0.0003164 Third target: 0.0003311
https://www.tradingview.com/x/BMSllLLx/ GOLD - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long GOLD Entry Point - 3006.4 Stop Loss - 2998.0 Take Profit - 3024.8 Our Risk - 1% Start protection of your profits from lower levels Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
We are currently seeing buying volume kicking in where we might re-test and fill upper zones and the CME gap, which would be our next zone for a possible short position! https://www.tradingview.com/chart/BNBUSDT.PS/kv2lyK7p-Binance-Coin-BNB-We-Still-Have-a-lot-of-Room-to-Fall/ More in-depth info is in the video—enjoy! Swallow Academy
As you can see there is a simple Head&shoulders pattern on XRP chart, it is going down with 2 targets I pointed on graph. Good Luck=)
I explain why I chose to sit out on the market today to volatility was absurd