As mentioned with the arrows, IF going to the green box and reverses you know what to do, breaking it above that, going to yellow, retraces to green = Bullish, else aint. Or will we se -7.5k? HAHAHAHAH, The biasness movie is for you to see
The expectation for the E-mini S&P 500 futures contract for Friday is a session that trade inside the Thursdays range with a positive close.
Nifty will open slightly gap up in today's session. After opening if nifty gives breakout of 24250 level then expected strong bullish rally upto 24450+ level in today's session. 24050-24200 zone are consolidation zone for nifty. If nifty gives reversal from the 24200 then possible downside upto 24050 level. This level will act as a strong support for today's session.
There are 3 scenarios for trades today. Trade 1 Buys : if 1 hr candle rejects 1.02500 than Buy with Target @ 1.03100. Trade 2 Sells : if 1 hr candle rejects 1.03100 than Sell with Target @ 1.02500. Trade 3 Sells : if 1 hr candle closes below 1.02400 than Sell with Target @ 1.02000.
NYMEX:CL1! "Successful trading has always been about understand the convictions, the strength and the weakness of buyers and sellers. Once you understand what the other traders are doing in the market, you can successfully trade with them." -Michael Valtos Family in this video I went into a gr8 in depth breakdown of a 5-6R trade that took place today during NY session SHORT on Crude OIL. Paying very close attention to the order flow footprint all the while observing very closely how PA is setting up will help us to develop the mastery of the 'Confluence Profile 500K' (Order Flow Footprint + PA) "10pt STOP". Just think about this...... December of 2024 price moved on average of 120pts during NY session. (5am-2pm) PST. -We know we're not going to catch the whole 120pts so were going to focus our attention on cutting that point ratio in half and catch 50-60pts with a 10Pt STOP.... -Granting us 5-6R in our Favor!! Now this is the RISK we face, WE HAVE ONLY 10PTS of pre-determined RISK. So, the 'Confluence Profile 500K' will consist of the (Order Flow Footprint + PA) to give us the highest probability ratio of entering a position with only 10pts to RISK & this is our journey to Master the 10pt STOP w/ a 50-60pt Target!!! Let's go 2 work. Remember; "Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ consistently. Done correctly, well Abundance awaits us." -500KTrey https://www.tradingview.com/x/abz1iPuV/
Trading idea - Entry point > 21074/61.80% Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 21074/61.80% Chart time frame: B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: B A) Keep rising over 61.80% resistance B) 61.80% Resistance C) Hit the bottom D) 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 provide 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.
I am long AMEX:XBI via $AMEX:LABU. Seasonality is usually good for XBI this time of year and looking at 4h chart its ready to move up.
Interesting idea...every time it cracks the gray, it runs to the orange .25 Gann retrace and then pulls back 50 or so % But what if it has failed at the grey line this time...and cant scream higher to 16k like past times... Well if we apply about 50% down to the gray line...you arrive at 2k on the S&P 500, some 4k down.. Or..OR..maybe you only get to the 7k line which is the retracement of the .25 Gann....thenn... You then retrace about 50% from that 7k line and hit about 3.6k on the S&P 500 This is called Gann-Box Stacking...You take the ultra low and the screaming high, before a massive correction, then you stack those boxes until you hit present day (removed vertical bars for clarity purposes) Neat eh?? So what are your thoughts people...run to 7k... Or...fall to 3.6k, then 2k, or go back to the .25 of 2000/2009 Just a reprint from chart in case you wanted to copy this for sharing... Things are only random until you throw enough pooo at it,, then the most hardy piece sticks and you see what was real and what was hanging on by a thread
Dear friends, The GBP/USD saw a slight shift on Thursday, dropping over 1% as the new trading season began, falling below 1.2400 for the first time in nearly ten months. Market volumes remain thin after the midweek New Year holidays, but trading sentiment is clearly risk-averse. On the chart analysis: on the positive side, the 1.2360 level is seen as key support. If buyers hold firm into the weekend, the price could rebound toward the prior critical breakout level. Wishing you all profitable trades!
Can Consider a Small Long from here on BTC. Good Vol Expected on US market Closing Day.