#GME Short squezeGME short volume exceeds x2 2021 level. It could result in big short squeze.GLongby Max_InitioUpdated 220
DXY moved into a narrow range but looks bullish**Monthly Chart** DXY has been moving into a long-term range between 107 and 100 levels (round numbers) from January 2023. Last month candles closed lower after creating manipulation candles on monthly. This month's candle (currently active) tested the low of the previous two months and pushed higher with the NFP announcement last Friday. This moved DXY back into a narrow range. Note: I don’t trade DXY but I use it as an indication when analyzing other currency pairs linked to USD. **Weekly Chart** Last week the DXY closed higher after testing the daily swing low and liquidity pool around 104 level. It closed as a weekly bullish key reversal (low test) candle pattern which indicates a move of the price will be bullish for next week. The next target will be around 106, followed by 107.34 levels. **Daily Chart** You can see the impact of NFP and Employment Change that created a massive bullish candle on Friday after testing the Imbalance price action (IPA) for the entire week near the previous daily low and liquidity pool. This candle is a new IPA that will need to be tested for liquidity again this week. I will be looking for a retracement towards at least 50% of this candle which will provide a second confirmation that the move for DXY will be bullish for the upcoming weeks. This is another indication to look for selling opportunities for other currencies against the USD. Such as EURUSD, AUDUSD, and GBPUSD to go short for this week.Longby PropSignals1
NiftyYou are not going to believe when Nifty actually plays out like this. Today as we approach election results, this is how I see nifty unfolding for next 2 months. Long Play Nifty CMP - 22547.95 Target 23047 SL 22416 Short Play Entry - 23047.50 SL 23080 Target 21850 Long Play Entry 21826 SL 21820.90 Target New All time high. My over all target on higher side is 25245. by Ankit_SilverlineUpdated 3
VIX Analysis Extensive Analysis of the Volatility S&P 500 Index (VIX) Chart (1-hour timeframe) Overview The chart for the Volatility S&P 500 Index (VIX) on the 1-hour timeframe shows a significant downward movement, testing key support levels. The indicators used include Moving Averages, Bollinger Bands, Commodity Channel Index (CCI), MACD, and Support and Resistance levels. Key Observations 1. Moving Averages (200 MA and 50 MA): • 200 MA (Green Line): The price is currently below the 200 MA, indicating a bearish long-term trend. • 50 MA (Blue Line): The price is also below the 50 MA, reinforcing the short-term bearish sentiment. 2. Bollinger Bands: • The price is at the lower Bollinger Band, indicating oversold conditions in the short term. This often suggests a potential for a mean reversion back to the middle band (20 MA). 3. Commodity Channel Index (CCI): • The CCI is likely below -100, indicating oversold conditions. This suggests a potential for a short-term rebound or consolidation. 4. MACD (Moving Average Convergence Divergence): • The MACD line is below the signal line, and the histogram is showing increasing negative values, indicating strong bearish momentum. 5. Support and Resistance Levels: • Resistance Zones: Strong resistance is seen around 13.00, 13.50, and the strong high zone above. • Support Zones: The recent low at 12.00 is marked as a weak low, with further support around 11.50. Comprehensive Technical Analysis 1. Current Trend: • The overall trend is bearish, as confirmed by the price being below both the 50 MA and 200 MA. 2. Oversold Conditions: • The CCI below -100 and the price position at the lower Bollinger Band indicate that the market is currently oversold. This suggests a potential for a short-term rebound or consolidation. 3. Volume: • Increased volume during the sell-off indicates strong selling pressure, but this could also lead to short-term exhaustion, potentially triggering a rebound. 4. Key Support and Resistance Levels: • Resistance: Significant resistance levels start from 13.00 to 13.50 and above. • Support: The recent low at 12.00 is a critical support level, with further support around 11.50. 5. Momentum Analysis: • The MACD indicates strong bearish momentum, but the oversold conditions in the CCI suggest this might not last long without a correction. Best Trade Opportunity Given the current market conditions, the best trade opportunity appears to be a short-term buy trade to take advantage of the oversold conditions and potential for a rebound. Trade Setup: • Buy Level: Around 12.24 (current level near the weak low) • Stop Loss: Below 12.00 (to account for potential further downside) • Take Profit: • First target: 13.00 (near the first resistance level) • Second target: 13.50 (middle resistance level) • Extended target: 14.00 (upper resistance level) Trade Rationale: • Oversold Indicators: Both the CCI and the price at the lower Bollinger Band suggest that the market is oversold and due for a potential rebound. • Risk-Reward Ratio: Entering a buy position near 12.24 offers a favorable risk-reward ratio, especially with a tight stop loss just below the recent low. • Volume Consideration: Increased volume during the recent sell-off indicates potential exhaustion, which might lead to a short-term rebound. Summary • Buy Opportunity: Enter at 12.24 with a stop loss below 12.00. • Targets: 13.00 (first target), 13.50 (second target), and 14.00 (extended target). • Rationale: The market is currently oversold, and the potential for a rebound is high given the CCI and Bollinger Bands indicators. by KironKavanagh1
DXY - Weekly Forecast - 10 June 2024Weekly Forecast for DXY I have a bullish bias. Looking for longs at the areas highlighted, and potential moves back down at the higher highlighted areas. Long04:13by TraderRiz112
NAS100...The Trend Continues with confidenceNow that the ATH was yet again broken and the Monthly still has time on it's hands (15 Days)...It's time to shake off the miscalculated bearish trade and continue trading what this historically bullish market gives consistently... HL's to HH's I will be waiting for my next entry point of a completed HL before continuing with the trend. #aubersystem #auberstrategy #whywewait #zigzagtheoryLongby AuberstrategyUpdated 5512
USD might head higher ...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. After a strong NFP data, the usd rallied quite a bit...if monday is to close bullish and above my indicator, likely indication of more upside.And if Next week's rate speech drop further hint to not taper as soon as foresee...then usd likely gonna be bullish . Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. ********************************************************************* Longby Shadowing_The_Big_Boys0
DXY will soon turn into bloodDXY will soon turn into blood and this will make the markets rebound an currencies moves faster than the recent daysShortby ALMANALALYAFAI338
Buy Low Sell High NAS100Hey Traders Let’s have a great week ! I am looking to see a short to the downside, I have my key levels of Daily High/Low and Weekly High/Low marked. You can see that price is respecting the Daily levels 18,985-19,034. Last week heavy momentum was bullish and has formed inefficient order blocks. I’m looking for price to retest high at 19,068 and take profits to 18,587 before buying again unless price says other wise Stay Consistent , Stay True , Believe In You Tell me what you guys think of my idea. Let’s be respectful or i will eat you alive in the comments Shortby moneymastermoe12
Hang Seng _ Wedge Pattern forming, Target 1_(20694), T2_(29000)Long Term Analysis : "Wedge Pattern" forming in "Hang Seng" and down trendline is "Breakout". So market move to Bullish Trend, wait for if Retest or Trend Continuation. And the 1st Target is 0.5 Fibonacci Retracement price (20694), 2nd Target is Wedge Pattern Top is 29000. After Reach the Wedge Pattern Top (29000) expect Breakout the Pattern. I want to help people to Make Profit all over the "World".Longby SasikumarMani2
Retracement ahead...trade cautiouslyWe predicted this V-shaped stock market recovery one month ago in one of our videos. Happy that it has overcome the fall of election results day. But a retracement is due now, hence trade cautiously. A perfect time to invest for long-term investors in fundamentally strong and sector-specific leaguesby Hobbytopassion_ManishJain2
Probing China recovery narrative (May 5)Fundamentals & Sentiment China: - Good PMI readings - Overall recovery narrative USD: - Bearish sentiment due to latest weak data(Mfg PMI, Labor) Technical & Other Setup: TR(B) Setup timeframe: 4h Trigger: 1h Medium term: Down Long-term: Up Min target: local highs Risk: 1.09% Longby Cherry94Updated 0
SPX is going short on the 10-minute chart analysis, I used fib and it's looking like there is a start for a correcting wave i don't know if it will happen but that seems the case for me. Shortby dmosi1114
NASDAQ FORECAST: ENJOY W CAUTIONPotential NAS100 Movement. Use confirmation factors to enter.Shortby Pfunzo_MNP11
Weekly Forex Outlook Sun.June.9.2024 - Fri.June.14.2024Like and Comments would be appreciated :D Not Financial Advice, Just my outlook/opinion05:06by unkn0wntrad3r111
NAS Buy Idea 5/19/24Looking for NAS to pull back no farther than the somewhere around 18168.8 (Mid-Point of the weekly consolidation + monthly bullish channel mid-point) and then continue bullish to the top of the weekly bullish channel that price is currently in around 19044 **This is for educational purposes only and this is not financial advice because I am not a financial advisor.**Longby cecediditUpdated 3
Daily market analysis Monday 10th JuneDaily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade using price action and other chart techniques. Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. We are doing this only to understand how to read derivative data and perform technical analysis. Strictly for educational purposes only. #nifty50 #banknifty #nifty50prediction #usdinr #optionstradingstrategy #technicalanalysis #tradingforbeginners #niftyprediction #sharemarkettrading #marketpredictiontoday #priceaction #usdinrprediction #niftytechnicalanalysisfortomorrow #tradingchartanalysis #usdinrtradingstrategytomorrow #openinterest12:30by littlesubham3
Dollar analysis and movementI gave my last analysis on Gold which explains the fundamentals and technicals of where I expect to buy gold in other terms when do I expect gold to drop and pick back up. This dollar chart is completely aligned with that idea as well. To quickly summarize my view on Dollar though, I expect DXY to move higher as I believe we're not getting any cuts this year at least not until 2025 and I also believe other central banks such as the BOE and ECB will start cutting before the FED meaning in this high inflation environment in the USA, the dollar will maintain its strength as investors will continue to move tho that currency. Many other factors are taken into account here such as political and geopolitics but this is the main impact I wish to concentrate on. Something very important to mention as well is the amount of money that was injected in the US economy, it is a never seen before situation that is being manifested in this sticky inflation we've been seing for the last several months. Anywho, those are my thoughts mixed with the technicals above, Let me know what you think. Longby JayeUpdated 0
DJ30 New Key Levels Trend AnalysisWhen you look at the daily range on DJ30 you can see that those zones ( horizontal blue) do not offer clean entries, because they are being honored. But we get a clear direction and momentum and even though there is no clear RSI value, instead we have much volatility and a diagonal trendline being supported various times. The less distant it bounces from the trendline, the weaker it gets. Pay attention to the new trendline that has been created. It might not be very accurate yet, because we have little data. But this is how it could possibly look like if this continues to drop...DShortby Underlayer1
S&P500: Is approaching the a significant support areaHey Traders, in the coming week we are monitoring US500 for a buying opportunity around 5240 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5240 support and resistance area. Longby JoeChampion227
UK100UK100 right now in bearish trend as price printing higher lows and lower lows, trade plan mentioned on the chart.Shortby AsifAwan112
NASNAS100 is in strong bullish trend, most probably chance price will continue it's momentum as price respected the support.Longby AsifAwan110