joeyvalentino

joeyvalentino

This is an idea to trade and identify intraday levels off of. Volume has been present in the market. today price ran out of steam a bit after the open... overall good momentum to the upside on a strong parabolic rally. A small bearish turn here would not surprise me as one could argue that price is due for a correction while traders re load and take profits. my 2...

joeyvalentino

so far based off price action this morning and over the last month, price has failed to reclaim 33200 with any true strength... buyer cannot seem to step above that 33200 area and price has been rejecting off herre pretty heavily, and as we speak... if price cant hold 33000, i would expect to see selling pressure pick up into these important yearly lows.

joeyvalentino

Q2 2022 closed with greatest losses since 2020. Mainly using Head n Shoulders as a point of reference. Price could recover, if so, looking to see how price reacts around the 35000 level. Obviously if it does, at least looking to see a move towards most recent highs. If price is unable to reclaim 35000 I am looking for clear signs of rejection and unwillingness...

joeyvalentino

Looking to see this how week if price tries to test 35000... if it breaks and shows signs of strength, take it long. We do have this ascending channel, it is possibly price could remain within this range in the midterm... and it is also possible to see price break back down to 34000... We shall see. for now until it reaches 35000 the 34956 area seems to be a key...

joeyvalentino

Just an observation regarding risk on and risk off sentiment. Lets talk about the stock market being in the biggest correction since the literal outbreak of the weird COVID Pandemic. DOW, NASDAQ, and S&P having sold off so much and VIX holding higher levels than normal these past few years, reveals to me, a risk off sentiment... obviously. People are uncertain,...

joeyvalentino

Looking to long into the completion of the 5th impulse wave of this Elliot Wave Pattern that has been forming. This mornings price action gave me a confirmation that the 4th wave is playing out accordingly. My bias is that the highest probability entrance for the 5 wave is at the 61.8% retracement from the 3 wave high... looking for support for the 4 wave around...

joeyvalentino

Please excuse all the markups, I am trading intraday scalps... However what I want to bring attention to is a potential roadmap for price action over the coming weeks... FOMC minutes released yesterday resulted in bearish price action and sentiment, I wouldnt be surprised if price continued to weaken into the close of January... Today we saw unemployment claims...

joeyvalentino

The Green price level line represents the top of the macro range previous to the most recent all time highs. My bias is that price action took a sharp plunge from Nov 8 - the beginning of December... Price quickly regained strength and bought back previous losses. If price finds strong resistance above the previous all time range the tells me that price is...

joeyvalentino

The Support Trendline on this Elliot Wave channel has been validated by wick retests. The Dow overall has been pretty bullish with what i believe to be healthy corrections and fair pullbacks. Good risk to reward. simply put

joeyvalentino

all information is linked to previously mentioned trade setup. increased position size. high probability setup. 1.40 is a confident historical level.

joeyvalentino

BIG PICTURE: HTF coulnt break or hold 1.34/1.35 area. Purely a signature trade technical setup INTRADAY FUNDAMENTALS: LTF challenging and testing VWAP but not breaking over or under. Clear area of consolidation and price discovery as EMAs and SMA are not giving a clear indication as to trend but clearly trend momentum shift. TECHNICAL ANALYSIS: Price...

joeyvalentino

BIG PICTURE: Overall Bearish GBP cuz of uncertainty in brexit and technicals as mentioned in linked chart ideas. I was looking for a good entry in GBPUSD but i am also bearish the dollar so i see this as a good opportunity to get short the pound. INTRADAY FUNDAMENTALS: Bearish Reversal forming as indicated by Divergence in the RSI on LTF and HTF. Price is...

joeyvalentino

BIG PICTURE: SXY weakening in price. JPY holding above 50 EMA on HTF. INTRADAY FUNDAMENTALS: Heavy divergence on LTF. Trading below 40 EMA on all intraday Time Frames. Testing monthly VWAP, below weekly and session VWAP. EMA bearish cross. Below stationary 50 on RSI on LTF TECHNICAL ANALYSIS: Week close w newfound resistance @117. The next key market level...

joeyvalentino

BIG PICTURE: After Looking at GBPUSD and EURUSD i determined that EURGBP would be a good cross to play. Bearish GBP for Brexit uncertainty + monthly Levels. end of year is approaching. Bearish USD due to uncertainty in election. Why would money come into these currencies right now? Vaccines may have more positive impact on equities than currencies. INTRADAY...

joeyvalentino

BIG PICTURE: Price is trading below HTF VWAP and 50 EMA on multiple time frames. Bearish GBP overall based on uncertainty going on in the brexit negotiations. on top of that there is a pandemic going on. DXY is facing uncertainty and lack of confidence as well because of the election. INTRADAY FUNDAMENTALS: price is trading below 50 EMA on 4 HR and below...

joeyvalentino

BIG PICTURE: Euro is clearly bullish. DXY is completely bearish. Higher Time Frames suggest a strong bullish move. INTRADAY FUNDAMENTALS: Looking to get in at market open. There is support a 1.21 level. price discovery shows price is holding above this level. VWAP supports current trend on all time frames. Price is holding 50 EMA. At worst we are at best...

joeyvalentino

BIG PICTURE: mid term bullish gold and bearish . overall uncertainty in the dollar, intrensic value in metal gold. Uptrend Confirmation, Long Priority INTRADAY FUNDAMENTALS: Consolidation Pattern (A) respected and held the 1830 support. 1HR Session VWAP suggests that in the short term price is trading higher after retesting 1830. Price is holding 50 MA on...

joeyvalentino

50 Ema Bounce after support at 1800 was respected... a higher low was solidified based off 4hR time frame in confluence with the stationary 50 on the RSI. conservatively securing profits at most recent high.