In this video, we take a quick look at AMEX:SPY weekly chart to determine what's next for the overall stock market
Seeing a Bitcoin drop to about 89,000 levels. There is a slight increase after a momentum move, on declining volume. Also, Bitcoin has dropped below my pattern. If it holds in the 93,000 range, should be seeing a drop soon.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 11.4/61.80% Chart time frame: C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: D A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
https://www.tradingview.com/x/k0cpZxX0/ Hello,Traders! NZD-JPY is going up And will soon hit a falling Resistance line from where We will be expecting a Local bearish pullback And a move down Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GbpCad my most Recent Trade right now, looking at the GbpCad we can see price Broke the Mayor Level 1.80 and came back to retest the level, giving us a nice set up to the upside, as you can see not only priced retest the Mayor Level 1.80 but also bounced off the Bullish Trendline, indicating is price wants to continue pushing up, what i really saw is price created a nice support area at 1.81 where we got a nice Break of Structure, Break of the Counter Trendline and a Lower High after the break, that's enough for me to enter because overall i don't see anything more price has to do in order to push, there's no more bearish insights to take a look at, and with all the momentum and confluences i do believe price will start pushing anytime soon, of course if you look at my charts you can find more confluences like the inverted H&S Pattern, the Break above of the EMA's, EMA's crossing over, etc. Imma hold this trade until price tells me otherwise.
NASDAQ breaks above its trendline, hinting at a possible short-term rally toward previous consolidation levels — but political volatility could still slam the brakes without warning.
EURUSD’s expanding wedge breakout looks legitimate, supported by the Daily channel — but if the monthly close falters, expect more drawn-out volatility rather than a clean trend.
AUDUSD’s sharp V-shaped recovery suggests another pullback toward the channel low before bulls step back in — momentum still favors upside after a healthy reset.
Gold’s bounce off key trendline support keeps the bull case alive for now — but fundamentals or political shocks could easily trigger sharp downside before any serious continuation.
I like the risk reward of this trade. Better price action that gold since gold has just been going up. There will likely be strength in the USD this week as well. Technicals support this notion. The trade is self explanatory if you check the chart. 78.6 after trend break and retest. Boost, follow and share and I will continue posting. This post is for personal journaling and does not constitute financial advice of any kind.