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Waiting On The IBEX 35 (SP35) – Indices – Daily CAPITALCOM:SP35 We are just taking a look at the IBEX 35 and not planning on opening up any positions. This trade is a bit too complicated, and there are no clear signals (because there are too many almost) to indicate which way the price wants to go. A downward trendline from May 2017 connects a peak in February 2020. Technically from this, we can gather that IBEX is still technically in a downtrend. Even though it has dropped in price and climbed to its current position, it still has not crossed our “main” downward trendline signaling an uptrend. There are quite a few patterns to consider in this example. We have a wedge squeezing price along with two symmetrical triangles. The grey support line indicates a hard support level which is also supported by a round number (SAR round number). Additionally, the valleys are supported by high volume, and when this is the case, you can be assured price will probably come to a halt there. Along with the downward resistance line running across the double top, that support line forms a tightening flag. If we have to consider these patterns, we can take into consideration that a partial decline has taken place, and it has retraced to the 50% level of the Fibonacci Retracement level. We can also see a level of HCR (Horizontal Consolidation Region) at the level of support. There is a channel to the left and above, close to the second part of the double top. Both these areas are areas that could halt price movement, but they are so close to the price already that they might not cause any problems. In terms of the small symmetrical triangle, we can see that the price has reached its apex and some form of a break is imminent. However, if we look at the larger symmetrical triangle, we can see that the price still has room to move before we can come to any conclusion. If we had to assume that IBEX #% was currently in an uptrend due to the fact that it has been moving up since October 2020, we could see that two trend lines cut through price. One creates the larger symmetrical triangle while the other is used to evaluate if a downtrend has begun again. By using the 1-2-3 change method, we can see that IBEX 35 is headed in a downtrend but has not closed at the 3 mark, which is the price of 8060. Although, the double top was confirmed with the HCR. I would not personally enter any position here until I see where the price is going to go. In order to go short, I would wait for the price to move and close below the two support lines and at the 3 mark. For a long position, I would actually wait until it crossed the massively long downward trendline that is still a level of resistance. You can see this because it reversed when the price tried to reach it twice (the double top). The price would have to close at around 9368 for me to consider a position trading opportunity for a long position. Hence for the moment, we’ll just sit and wait to see what IBEX 35 is going to do.
CAPITALCOM:SP35
by DevlonJarrodHorne
DXY UPDATEDXY finds itself on a weekly trendline that acted as resistance previously and now the price had its first reaction to it. Only time will tell if it will manage to send the price back down or not. A weekly close above the 93.012 can act as good indication that the Dollar can go higher, at least to 94.50 and maybe even higher. And a weekly close below the 91.81, can act as a good indication that it will test previous levels, like to the trendline acting as support, or maybe even lower than that. Either way, there will be a nice opportunity to take advantage. Patiently waiting.
INDEX:DXY
by ITS-BENG
XAU/USD looking for buyGold is on uptrend from 20th century, so you don't want to trade against the whole market and short this one. We hit 2077 last year and this is absolute high. We got rejected from 1682 which is .382 Fib Retracement level and raising now. Last down trend from Aug '20 seems to be correction move. Last week high on 1843 hit the strong zone created in 2020-2021. So right now you can buy if gold will retest 1800 zone, also you can buy if it go through the 1840 and daily trend line 1853-1857 for next week. Sell if it pass through the 1800 zone. I closed my long from 1800 zone and waiting for buy opportunity now, this looks very volatility and unpredictable in short-term. GL & HF
FX_IDC:XAUUSDLong
by Fridrex
BTCUSDT is below historical resistance V2 🦐BTCUSDT is below historical resistance V2. If the price will have a breakout upward and flip the historical into new support, we can looking for a long, otherwise, if the price will lose the weekly support, we can looking for a short (short term). At that moment we need to wait ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
7
WHERE THE BUYERS FAILED - UPTREND IS OVER - RANGING - CGC - 60MNThe price has been up trending generally until the buyers were stopped. The three arrows show where exactly the buyers has been squeezed. The volumes where very important at those points. It is a probable validation that the market wanted to go down. The horizontal blue lines are marking the new range of the market price. The market is clearly ranging now. There is probably opportunity in trading range breaks. A bottom red line has been identified from past price movement and another top green line has been identified from the top of latest huge gape. At the moment, the market is ranging. It is probably better to use another quality of traders: WAITING. This is my trading view about this market
C
by Diallo_Charts_Ideas
2
IMPORTANT TO WAIT FOR BREAK - GAZP GAZPROM - 30 MN - MY IDEAThank you for your likes! Really appreciated! Please also share to benefit as many people as possible! _________________________________________________________________ GAZP GAZPROM price is ranging after a long run down and some consolidation, finding a balance now. The trend can change if the market evolve out of the boundaries illustrated by the two parallel blue lines acting as natural support and resistance. If you are already in the spot, taking small profit to get out and waiting a better opportunity would be in line with the probability of seeing the market breaking the lines and creating a chance to understand in which direction you should invest. WAITING FOR BREAK!
RUS:GAZP
by Diallo_Charts_Ideas