Nasdaq buy Nasdaq looking for buy side breakout happened let's travel with long side 1:2 RR GOOD MOVE GOOD ANALYSIS Longby DNA_Trader_Officials0
US30 Bull now Hey there on 1hTF the US30 looking for further Bullish movement from downside and cross support level to Resistance level Longby DvsTraderfirm1
Hellena | SPX500 (4H): Short to support area 5165.Dear colleagues, I am considering the possibility that wave “2” is not yet completed, because wave “a” looks more like a part of a correction than a full-fledged correction. Therefore, I count on the update of the high of 5300, and then a downward movement to complete wave “2” to the support area of 5165. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Shortby Hellena_TradeUpdated 131326
US30 IS MEETING NEW SUPPORT?For Forex Traders, the US30 plays a vital role in determining US Dollar health and other commodities and related pairs. Last week, we have seen some tumble towards $38,000 and amid of Middle-East Tension, the stocks might not perform well due to sentiments. This was clearly (Bearish Long Candles) seen as more traders with big volume are moving down the price. We think the price might continue to fall towards to the new low $32,000 after it closed below $38,000. What do you think? Please leave a comment below. Shortby ERUDITE_88Updated 0
call/vuyi think Dax might try to rise but lets be arlet. these days i don't trust stocks because they are overboughtLongby sizwedlaminiforex2
Continuation of HH HLAs the market is already in bull run, so will at least touch the top once again for a reverse. Longby abidhaider0
DXY Will Go Higher From Support! Long! Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 103.851. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.925 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 116
possibility of correction It is expected that the corrective trend will end in the specified resistance range and the continuation of the downward trend will be formedShortby STPFOREX1
possibility of uptrend It is expected that the continuation of the upward trend will be formed up to the specified resistance range. Then, according to the indicator's behavior in this range, the continuation of the movement process will be according to the specified pathsLongby STPFOREX2
Expected level for this year.Hey Folks! I have marked the Target which is expected for bank nifty if it continues its uptrend. But i want to discuss few important points: •Firstly market participants are getting confused these days due to uncertainty in the market, like where it is heading down or up. •If i particularly speak regarding Bank nifty then until we see bank nifty down by 6200 point or more from its all time high is hard to say that the ongoing trend is dangerous. •Even if Bank nifty goes down by 6200 point then also it has the capacity to move around 4200 point in the opposite direction.What i mean to say that short covering can be seen of maximum around 4200 points even if it falls 6200 points. •In simple words remember the pattern of 6200 - 4200 - 6200. •If Banknifty falls around 6200 or more then it triggers a downtrend, which has a possibility of retracement or pullback upto around 4200 points and still continue to be in downtrend. •But while remaining in a downtrend if it goes up by around 6200 points or more then it will trigger the Uptrend. •In an uptrend a fall of around 4200 points has a potential to continue a uptrend from there. •In a Downtrend a rise of around 4200 points has a potential to continue a downtrend. All these discussions are based on my analysis with respect to bank nifty keeping the current volatility in mind.And it is not an investment advice. Feel free to ask any questions incase you have one. All the best folks! I hope that can help you to decide a trend. by prachitv1Updated 5
2024-06-04 - a daily price action after hour update - daxGood Evening and I hope you are well. Here is my update from yesterday after hours with an update for short term, since we clearly broke outside of the channel. dax comment: Globex perfectly retested the breakout at 18630 but failed and the EU session just sold off big time to a lower low. It was a small break below the bear channel line but ultimately a bear trap and market then tested the upper channel line. Market closed at the lows and under the important price 18500. current market cycle: Trading range key levels: 18400 - 18750 bull case: Bulls see the third push down inside the bear channel as a lower high and now want a trend reversal to test back to 18700. They have not been able to make higher highs this week and that show’s weakness. The big bull trend line on the daily chart is still alive and as long as they are near the daily 20ema and the big bull trend line, they will BTFD. Next target is break above the bear channel line around 18530. Invalidation is below 18380. bear case: Bears making lower highs and lower lows. They want the market to continue to go sideways to down to break below the big bull trend line on the daily tf. 18400 is still resistance and therefore we are in an descending triangle and bears have a low chance of breaking below. They need consecutive bear bars below 18400 to strengthen their case. Invalidation is above 18640. short term: Neutral kinda. We will probably hit 18600 soon, where bears decide if it stays resistance or we test 18700 again. If it stays resistance, we could test 18400 again. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: None trade of the day: APPLIES TO YESTERDAY - Bar 13 was the first strong bear bar, then bar 22 + 24 made new lows and stayed below the 15m 20ema. Enough reasons to go short and that was good for 200+ points. My room did not catch the first leg down because I was not at my desk but the second one for 100 points.by priceactiontds0
DXY TRI MONTHLY CHART -- A LONG JOURNEY OF WEAKNESS.The chart should speak for itself. DXY long term view (tri-monthly data) is conveying shifting trend on the dollar index -- to the downside. Expect more long term correction, as this time frame don't change mind too often. Spotted at 102.25 TAYOR. safeguard capital always. Shortby JSALUpdated 1
Competitive Markets are CompetitiveNice surprise today! I shorted at bell ring but not holding it. Closed after hours. For the swingers, you're dead already. For the noobs, you're wrong. For the intraday warriors, it doesn't matter, you'll make money no matter what. Competitive markets (BIG MARKETS) hunt liquidity. Breakouts from ascending channels retest. That means your ludicrous stop loss and "I know what the market should do" mentality will get you raked over the coals. Only the fittest survive. The market is full of pavlovian dogs. "They" ring the bell, you come running in, salivating. You say "the market only goes up!" because you got a cookie every time you said it. And to all the confident shorts on the breakdown, you think you know what the market should do. It should go down. Respect the market. It will go and hunt your stop and humble you first. I expect absolutely MINT trading conditions. Market will likely drop, build liquidity higher on the short interest, and go jab it out for a final hurrah and H+S setup. Maybe even higher again? There is always that last rip up where you think "oh yeah it just goes up forever" because you're the last, most basic schtick, you hold the very top of the the market when every fund has sold every position to ever simp on earth hoping to get rich. But M2 is expanding, so maybe just so much money will be printed and spent by the US gov't that it looks like you are winning as inflation lifts all markets all the more, without any real gains. Because there are so many chartists utterly detached from reality, I do expect some nice rallies in the downtrend. I'll keep selling into you on the rips. I'm sorry if that's you, but I appreciate the liquidity in those moments. Expect the unexpected. Greed is in the market but the smart money is spending to get the market up only so they can sell it back after the lift. "We'll just sell to those breakout idiots." - Quote from an actual fund manager.Shortby decklyndubsUpdated 5510
Where is the SPX most likely headed in the coming yearsAlthough it's hard to predict what the stock market will do in the future, there is already a clear consensus on what is likely to happen. In this chart, I have plotted most predictions from big investment banks like Goldman Sachs and Morgan Stanley to other investors like Michael Burry. I have also calculated the average of all the predictions and plotted it on the chart. I think the most likely scenario is that we retest the lows of the Corona Virus Crisis, and then we trade sideways from there (illustrated with the red arrows). There is also the probability that we bounce off the 3000 SPX as the consensus estimates and then trade sideways from there (illustrated with blue arrows). The main reason we might trade sideways for the coming years is because of a dilemma the Federal Reserve is currently facing. Having to fight a battle between high inflation caused by quantitative easing done during the Coronavirus Crisis, and fighting said inflation by raising interest rates which will make it harder to maintain its 30 Trillion dollars of debt obligations. Likely changing back and forth till there is a deleveraging of the whole system that will last at least 3 years. And since the markets are strongly correlated to what the fed does, this will be the most likely outcome. Let me know your predictions and see if you agree more with the blue arrows or red arrows. Shortby BlasikUpdated 7714
DXY LongNot greatly motivated to give an explanation, due diligence when making a trade, not financial advice. I don't trade DXY, it's correlation purposes to EU I do trade, as always, Not financial advice. Use my analysis to make a personal bias to the market.Longby PepeJTheTrader0
NIFTY: The buck stop at the bank!Never you see this Index so sensitive to the political news than yesterday. 1. We moved sharply higher post the RBI dividend story. 2. We move sharply lower yesterday political events. 3. This index is known for reversing at the extremes. 4. Does this mean we will reverse this time too. The answer lies, is the market still respecting the demand and supply lines or, are these blurred for now. It appears they are blurred, the evidence is not just from this Index, but borrowed from the internals of the Index as well as from other Indexes. Add to that defensives are moving higher or stable. Maybe they will fall today, but that's it. Sure, the dust can settle, gems can be found out, but that can take time. Old resistance or supply zone of 48300-500 stays while we stay below that we will see move to recent low, break of yesterday low can be far larger consequences, and can potentially under play relative to the INDEX. Again, providing stops and take profit remains a challenge on a day of 4 K move. Surprise close if any above 49200 brings cheers to the bulls. Positional players can remain short stops 48800-49200 to revisit yesterday low. by sreebhashyam1
Bank nifty analysis 5 June expiry Bank Nifty has fallen more than 5000 points from top it will be tough to cover that immediately so I think in short term market is moving down or sideways If market shows sideways then better to sell Strangle as peremiums are very high or if market jumps then plan to call sell Disclaimer: for educational purpose only please consult your financial advisor before investmentShortby akash_the_BiGBuLL1
NIFTY: EDGE and WedgeThe inevitable happens, markets stunned. We have been saying and writing, the market the moves excess ahead of the events always correct viciously than one can digest. This time is no different. The diagonal or the Wedge appearing as end of Wave 5 is sure to displace many, not talk of wedge and edge in the political din. More so when the structure in the wave 5 of larger degree. Those who attended our sessions or seen our link will understand. 1. Forewarned is fore armed. 2. Money saved is money made. 3. This time is different. 4. Psychology of Wave 3 and Wave 5 is different, but participants behave as if they are still in wave 3. Sum and substance don't call it broken till it is broken is one of the rules. We did break yesterday. The one-day fall is larger than the COVID fall to start with. The Monthly candle covers the entire yearly rise and thus four-line engulfing pattern for sure. Short term frames have bounced off the lowest level that one could place in the graph and hence, that is relief for a day and not a direction. The break of 22500 seals the move and we are here to go south. How low one has to see; it can be low 20K is not ruled out. As long as we hold 22500 close bases. Cycles and strength drive the leaders and not other way round, be it financials or politics, the cycle of coalition is a test, and that would take time to unfold and endure, in the meantime, markets would take some bets off, and any rally would be sold. For the day, maybe you open with gap 100-150 sell them, add them if you see 22300 bigger positional guys stops 22530 for move back to 21500. We are still in the mood of larger moves and thus larger stops, take it as increments of 50 points. by sreebhashyam7
Bank nifty Spot weekly Chart = Support & ResistancePrice action Chart Bank nifty Support Zone = 46300-45800 Resistance Zone = 48500-49000 Below 45800 is 43000 target Zone with Price action chart analysisby Rohit_PSV1
Broadening Top ChartThe trendline is diverging, which shows the volatility prevailing. Wait for the breakout at the support. This is a reversal pattern and keep your fingers crossed.Longby debjit620
Nifty spot weekly = Post election expected Price action As per Our Nifty Spot analysis Before election result Negative Surprise Target of 21280 was hit Yesterday Now as per current Price chart setup and Political Scenario I have analyzed . Please watch Video analysis With your Comments . Thanks00:57by Rohit_PSV1
Election Result Impact & Target Zone in Nifty Daily ChartNifty Spot Weekly & Daily Chart Trendlines with Election Event Directional Target Zone Positive Surprise & Exit poll Impact Target 1 Upside Zone = 23100-23300 Target 2 Upside Zone = 23800-24100 (Most Likely) Negative Surprise Downward Zone Target = 21900-21200Longby Rohit_PSVUpdated 3