S&P 500 Bullish at 4118I think S &P 500 there will be big bull move. So am bullish seeing some patterns , i think a new rally will come in bull move
Target 4500
Stop loss or stop out value. 3840
Time frame - 5 to 15 days.
Note- Not a trading or investment advise. Always consult your broker or financial expert before trading or investment decisions.
S&P 500 (SPX500)
LONG OPPORTUNITY ON EUR/USD the EUR/USD can see a rally for some time
REASONS
1. we are at a very crucial weekly support.
2. we made a double bottom on such crucial support.
3. on 1h time frame we broke a trend that had been tested quite a few times.
4. the dollar index is at its all-time high and made a double top.
so, as the USD depreciates we will see a rally in EUR/USD.
NOTE: IF THE US STOCKMARKET CLOSES IN GREEN OR MAKE SIGNS OF RECOVERY WE MIGHT SEE A HUGE RALLY IN THIS FOREX SO KEEP A TRACK OF US MARKET AS WELL
Russell 2000 | At 0.5 Fibonacci RetracementRussell 2000 We can see this has already corrected to 0.5 Fibonacci Levels, and also we can see 2 previous Highs made in 2018 and 2020, As shared in the analysis of S&P 500 previously that we could notice further breakdown but after some pullback makes more sense looking at Russell 2000's chart.
S&P 500 | Bearish Head & Shoulder PatternOn the Weekly chart in S&P 500 , I can notice Bearish Head and Shoulder Pattern , but coming week after this drastic fall maybe we can see some pullback to the neckline and then further collapse on the downside at least till the level I have marked that is 3491.25 SP:SPX
HUGE Weekly CUP and handle formation on the DXY chartThe DXY chart shows the value of the Dollar against all assets, it is said that if the value of the dollar goes up the value of assets goes down and vice versa.
If this plays out we can expect some red days around all assets.
I hope it doesn't play out, else 2022 will be a bear market.
HEAD AND SHOULDER PATTERN (SELL SIDE)SELL : 392
TARGET : 253 TO 214
Reason For Selling This Script :
In this script it has formed head and shoulder pattern in in monthly time frame. Once this price close below the 392 in monthly time frame and then try sell. Waiting for neckline breakout.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some months to achieve the target.
ALL THE BEST ..
Guess Where The S&P 500 Index Did The Pullback ;)Guess where the S&P 500 index did the pullback ;) and BTC continues to respect the trend line. In context, both the smart money region at the main S&P level (yellow line) as an indicator for the market as a whole and the double support in BTC (trending line + S1) are examples of entry points with excellent risk-return ratio.
S&P 500 (SPX) | Best point for sell🎯Hello traders, S&P 500 in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
According to the count, the first 1 and 2 waves have been completed and wave 2 is not normal correction compared to the main wave 1 because it does not have good conditions in terms of time and depth of correction, but in our wave, wave 2 is in this range.
In our opinion, the 3rd main wave is not complete and the 5th microwave is being formed.
The microwave 5 is not in the range that is likely to end compared to waves 1 and 3, so we think this wave will move up to the Fabio 0.38 relative to the previous waves and then the desired correction will begin.
The structure of wave 5 itself is in its fifth wave, which is relatively well formed in good conditions, and for the completion of other waves and better roofing, we will have climbs up to Fibo 0.618.
Breaking the trend line is required to confirm the correction.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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