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THE 4HR 200MA DUMP + A NEW ATH PRINTED AFTERWARDSThis data I have only pulled from about year back. I actually stumbled upon the information one day when I was doing a top down analysis on SPY. Studying data at least from JUN of 2020 until now, using the 4hr chart in combination with the 200MA. I begin to notice a pattern that was occurring. The market seemed to dip in the 3rd week of every other month back to the 200MA. The sell offs aren't really surprising being that market will always correct. What's unique is the "behavior pattern" that it/we showed quarter after quarter. We get sell off into the 200MA, it chops around, then by the 2nd week of the following month, we get a sentiment change and a bull run. The market historically has printed a new ATH every time. This theory once again played out today as of OCT 25th 2021, SPY put in a new ATH. With this run starting roughly two weeks ago. I timed it perfectly and made some nice profit over the last few weeks. My biggest trade actually was #PINS(Pinterest), I banked 497% on that play. I grabbed a 57.5 call with an entry at 53. price eventually broke out & pushed to $66. Trades like that can happen, especially when the entire market is overall bullish. Moving forward, try to keep a mental clock of where we are during each month in comparison to where the market is trading. Could save you a headache or 3.
AMEX:SPY
by DayTraderEarl
Iota - USDT Every day starting with charting!1hr View It has had a few good runs so have used it to day to mark out my support, resistance and trend lines. Every day starting with charting! Purple rectangle - 1 day Yellow - 4hr Green - 1 hr IOTA kicked away from descending wedge and went bullish - Parallell Channel represents this. Needs to break resistance at 1.05 - you could look to trade the channel and take it to 1.10 The next interesting session will be bouncing between 1.05 (if becomes support) and 1.10 If 1.10 becomes support 1.20 is the next point of resistance. Feel free to pass on any feedback on my analysis.
Long
by HiHoCrypto
My bet on silver that wallstreetsilver movement will succesed.Charts show us on monthly and weekly candles clear bullish signs. Daily is a bit trading range from bigger picture. Anyway on 4H graph i marked the Fibonacci levels and daily plus 4H fibs. extensions, match on the same price. That price is a 27. In such conditions on the market i will place another limit order at price 26.550. My trade is based on probability that Silver will sooner reach price of 30 before we fall to 25. Although I personally believe that silver will this year break that 30 lever mark, mainly due to rising inflation and that movement Wall Street Silver. I highly recommended Wall Street Silver youtube Channel or Arcadia Economics for more information about silver market,miners.
FOREXCOM:XAGUSDLong
by Exly11
Resume Bullish Trend and potential correction bearish There was a false breakout circled in RED . My previous analysis has proven to be wrong, so this is an updated analysis. It is interesting to see the price has broken out and closed above The First Resistance Zone Now we can look out for bullish movement toward Fibo 1.5-1.618 between the price of 1.57385 and 1.57636 MACD Cross-over occurred and now passed above the zero-line + Aroon Down is crossing upward as a double confirmation signal Once the price has reached there. We can expect Correction Bearish Trend to The Baseline (Kijun-sen: Cyan line) and potentially reach trend line drawn refer to the false breakouts indicated by Dotted Purple Arrow Anyway, I still believe that EUR/AUD is in long-term BEARISH TREND due to Weekly Timeframe reading. Thx for reading and welcome all opinions.
Long
by TanTradingJournal
Analysis of BTCUSD on the 4 hour chartBitcoin broke an uptrend, and when it breaks 49487, its selling targets are: 47232 And when 47232 is broken, he has broken the Wyckoff drainage stage, so his selling goals are: - 44726 -41527 -38267 -34283 _______________ If he exceeds 53075, his buying goals are: -56839 -59522 _______________ My personal opinion: He broke an uptrend while he was at the end of the Wyckoff discharge stage, and he will break it downwards, so I am in favor selling.
BITSTAMP:BTCUSD
by wmforex