Start of something big or just a temporary pause? [Video]
|Watch the video extracted from the WLGC session before the market open on 9 Jan 2024 below to find out the following:
-
How the change of character bar signals potential shifts in market dynamics.
-
Identify and interpret shortening thrusts to spot a potential reversal.
-
Judge the market health by the magnitude of pullbacks, supply levels, and consolidation characteristics.
-
Analyzing the demand zones in a chart and how they can act as crucial support levels.
-
And a lot more…
The bullish vs. bearish setup is 766 to 45 from the screenshot of my stock screener below pointing to a healthy and positive market environment.
The localised topping formation might be unfolding as per the tweet below:
"This is very bullish momentum $SPX $ES #SP500 and it will take a process like a localized topping formation, similar to the localized stopping process as shown in the video in order to stop the whole trend and then come to a pullback."
8 “low-hanging fruits” (OC, BLDR, etc…) trade entries setup + 21 others (ELF etc…) plus 5 “wait and hold” candidates have been discussed during the live session before the market open (BMO).
OC
BLDR
ELF
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.