Entries by Spencer Li

US Stock Indices | High Possibility of a Top Next Week

Last week was spent in a tight consolidation, a pattern commonly known to price action traders as barbwire. Looking at the overall picture, I am fairly confident of a large downside move starting next week, with a 60-70% probability. I will be watching to see if there is any confirmation to short. Spencer LiSpencer is […]

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Forex Trading | EUR/USD – Signs of Bullish Reversal

An inverted H&S pattern spotted on the daily chart of the EUR/USD points to signs of bullish pressure. I will be trading to capitalize on the upside. Spencer LiSpencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity […]

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EURO STOXX 50 – Trading Range

Daily chart of Euro Stoxx 50 Nearing resistance at the top of the range Will it be able to break out? Euro Stoxx 50 is a stock index of Eurozone stocks designed by Stoxx Ltd, an index provider owned by Deutsche Börse and SIX Group. According to Stoxx, its goal is “to provide a blue-chip […]

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US Stock Indices | S&P 500 – Multiple Channels

Let’s wait for it to get there first. This is projected based on the most probable scenario. Note: Probable does not mean 100% Spencer LiSpencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he […]

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CRB Commodities Index – Scalp Opportunity

A great chance for a long scalp, profit target around the old swing high of 305-306. Entry can be on the close of the bar indicated by the arrow or the next day. Spencer LiSpencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a […]

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