here the 5 wave sturcture ends
Top chart is NQ 4 hr - we have a throwback to resistance breakout possible, here is where I will long. The /ES below looks bad however.
Longing NQ at the channel support is a good play.
The Venus retrograde cycle is a historically bearish cycle for US equity markets. The falls seem to be exacerbated when at or near all time highs, which all three markets find themselves. Regardless of catalyst or a reason, a strong dip should be expected between October 2nd and going into the last week of November. The Venus retrograde cycle starts on October 5th...
I see this resistance line holding - worth a play.
Bearish wedge into 4 hr long term resistance.
Done for, bull trap has been sprung.
This is a trap - let's rally right into strong resistance!
This is the sort of setup that will make your week, month, or even your year. You know when you just "know" a setup is going to work? Well, I'd like to stop "just knowing" and actually define this. Because this is the sort of thing, if you traded exclusively, you'd have ridiculous W% and R stats, and crazy growth. Here's why this setup is GRADE A+: ...
TP = 7,640 hit as the 1D Channel Up (RSI = 50.527, MACD = 11.240) advanced towards a new High at 7,700. It has since pulled back to make a Higher Low and we think that this has been priced at 7,400. We are going long again aiming at the next potential Higher High. TP = 7,828.50. When 7,640 is crossed again, we will place the SL there to ensure the safety of a big...
I would cover my long positions or hedge, this might be a bull trap.
See chart for summary. I don't think the market has topped here, but I do think there's an opportunity for short term shorts to nail a momentum move down AFTER a fail at the zone. I included the EMA's here because they provide a good visual tool...a pullback to the 25 EMA + zone + price action fail....that's essentially what I'm looking for. Ideally I'd like to...
There is an opp to go long on the NQ rally if it manages to break over the resistance line and retest it successfully.
Not a whole lot to say that's not obvious on this chart. I just want to point out that getting in on a level like this, we expect a CHANGE IN STATE, from coiling range to explosion (up OR down). Part of the issue is to identify the right times to get in, when explosive moves are going to happen and THEN get in on the right entries. Two separate skills.