Nifty and Bank Nifty trade plan for tomorrow, 12th JuneNifty and Bank Nifty important levels and trade plan for Wednesday, 12th June08:08by rahulbora110
US30 on pullbackI will try to get en entry at around 38.762 when it comes back down. I am expecting a smaller pullback until the pre opening of NY.DLongby UnderlayerUpdated 0
SPx500 FORECASTOverview: - Current Price: 5,348.8, down by 0.10% (-5.3 points). - Price Action: The index has been in a general uptrend, with some recent consolidation near the highs. Key Observations: 1. Trend: - The overall trend is bullish with higher highs and higher lows. - There has been significant upward movement in late May, followed by some consolidation and minor pullbacks in early June. 2. Recent Price Movement: - After reaching a high around 5356.8, the price has pulled back slightly and is currently consolidating just below this level. - The consolidation near the highs indicates a potential continuation pattern, suggesting that the market might be gathering strength for another move higher. 3. Bearish and Bullish Levels: - Resistance: The recent high around 5356.8 is acting as a resistance level. A breakout above this level could signal further bullish momentum. - Support: The previous swing low around 5280.0 can be considered a key support level. If the price breaks below this level, it could indicate a potential trend reversal or a deeper correction. 4. Volume and Volatility: - The chart does not show volume, but the recent price action suggests that volatility has been relatively low in the consolidation phase. Traders will likely watch for an increase in volume accompanying a breakout or breakdown to confirm the move. Potential Scenarios: 1. Bullish Scenario: - If the price breaks above the resistance at 5356.8 with strong momentum and volume, it could continue the uptrend, targeting new highs. - In this case, the next psychological levels to watch would be around 5400.0 and 5450.0. 2. Bearish Scenario: - If the price fails to break the resistance and falls below the recent consolidation low around 5280.0, it could signal the start of a correction. - In this scenario, the next support levels to watch would be around 5220.0 and 5200.0. 3. Sideways Movement: - The price could continue to consolidate between 5280.0 and 5356.8, indicating indecision in the market. - Traders might wait for a decisive breakout or breakdown from this range to determine the next significant move. Conclusion: The S&P 500 index is currently in a bullish trend with a consolidation phase near recent highs. A breakout above 5356.8 could continue the uptrend, while a breakdown below 5280.0 might lead to a correction. Traders should watch for volume and momentum to confirm any potential moves. Key Levels: Bullish Lines: 5377, 5405 Pivot Point: 5328.5 Bearish Line: 5300, 5251 by RojBarwari1
NAS100 FORECAST Overview: - Current Price: 19019, slightly down by 0.11% (-20.2 points). - Price Action: The index has been in an uptrend since early May, with a recent consolidation phase. Key Observations: 1. Trend: - The overall trend is bullish, with higher highs and higher lows forming since early May. - There was a significant upward movement around mid-May, followed by a correction and another upward push in early June. 2. Recent Price Movement: - After reaching a high around 19050, the price has pulled back slightly and is currently consolidating just below this level. - The consolidation near the highs indicates a potential continuation pattern, suggesting that the market might be gathering strength for another move higher. 3. Bearish and Bullish Levels: - Resistance: The recent high around 19050 is acting as a resistance level. A breakout above this level could signal further bullish momentum. - Support: The previous swing low around 18600 can be considered a key support level. If the price breaks below this level, it could indicate a potential trend reversal or a deeper correction. 4. Volume and Volatility: - The chart does not show volume, but the recent price action suggests that volatility has been relatively low in the consolidation phase. Traders will likely watch for an increase in volume accompanying a breakout or breakdown to confirm the move. Potential Scenarios: 1. Bullish Scenario: - If the price breaks above the resistance at 19050 with strong momentum and volume, it could continue the uptrend, targeting new highs. - In this case, the next psychological levels to watch would be around 19100 and 19200. 2. Bearish Scenario: - If the price fails to break the resistance and falls below the recent consolidation low around 18900, it could signal the start of a correction. - In this scenario, the next support levels to watch would be around 18700 and 18600. 3. Sideways Movement: - The price could continue to consolidate between 18900 and 19050, indicating indecision in the market. - Traders might wait for a decisive breakout or breakdown from this range to determine the next significant move. Conclusion: The US NASDAQ 100 index is currently in a bullish trend with a consolidation phase near recent highs. A breakout above 19050 could continue the uptrend, while a breakdown below 18900 might lead to a correction. Traders should watch for volume and momentum to confirm any potential moves. by RojBarwari1
Double top in playCAC 40 has tested the neckline and now should roll over and move back towards the 7700 level again as a double top is in play. Shortby ForexAnalytixPipczar0
TASI Where are you goingBased on the attached chart, a head and shoulders pattern is clearly visible on the daily timeframe of the Saudi market index. If the index manages to break through the important resistance level of 12041 by 8/7, it is expected to continue rising. However, there is a risk of breaking the support level, which could lead to a reversal of the uptrend. It is important to monitor price behavior near key support and resistance levels to confirm the trend. A break of the support level may indicate weakness in the upward momentum and the possibility of a downward correction. On the other hand, a breakout above the resistance level with strong trading volume may confirm the continuation of the uptrend. In conclusion, the head and shoulders pattern looks promising, but caution should be exercised due to the possibility of breaking support. It is advisable to wait for confirmation of the resistance breakout before entering new long positions.Longby emad_alwan0
The Trading Matrix: 14 Vital Lessons DecodedThe Matrix is a movie where no matter what age you watch it, you’ll gain a different perspective from it. And there is a wealth of knowledge and ideas that you can unlock when you dig deep into the movie. A world where the line between reality and illusion blurs, much like the iconic film. The Matrix, with its deep philosophical underpinnings and action-packed storyline. It isn’t isn’t just a cult classic; it’s a treasure trove of lessons for traders. Let’s decode a few trading lessons you can learn from The Matrix. Building Confidence: The Neo Path Remember Neo’s metamorphosis? From Thomas Anderson, a man riddled with doubt, insecurity and worry. To Neo, the confident savior of humanity. This journey is similar to one that a trader takes. You begin with uncertainty, doubt and worry. You then develop greed and ego. The market disciplines and humbles you again and again and again. But then you develop the edge. You adapt to the trading world with gains, losses, drawdowns and different streaks. And then you develop self confidence and resilience as a trader. Like Neo, you might stumble, but remember, every setback is a setup for a comeback. Confirmation Bias: Dodging the Bullet Much like Neo’s iconic bullet-dodging scene, traders must learn to dodge the deadly bullet of confirmation bias. Neo created some form of movements and hand gestures in order to stop the bullets. But what he truly did was create confirmation bias that he was beyond the physics and laws of the universe. And this system is how he was able to go beyond the normal. Create or adopt a trading system that with Confirmation bias, you can identify high probability trades. And even though, you’re using some pseudo system that no one knows about. You’re simply turning chaos into financial order, to have a mechanical process involved – to grow a consistent account. Only by actively seeking diverse viewpoints can you dodge the bias bullet and make decisions that are truly informed. Take the Red Pill: Embrace Reality Taking the red pill is about confronting the brutal truths of the market. The trading world is not a bed of roses; it’s volatile, unpredictable, and sometimes harsh. Those traders who take the blue pill – Only look to win. Only look to build their portfolio with an insane win rate. Only look to go all in on certain positions. When you take the red pill, you take on the realities of trading. You acknowledge the risks. You prepare for the drawdowns. You know you’re going to take inevitable losses. You understand that your past trading does not indicate future results. Those oblivious traders – get destroyed. Like Neo, when you choose the red pill, you choose to see the market for what it truly is, warts and all. There Is No Spoon: The Power of Perspective The “There is no spoon” scene teaches us the power of perspective. In trading, the market isn’t your enemy; it’s your perception that needs adjusting. Bend your mind, not the spoon. Adopt a system which has a flexible mindset. Be ready to pivot your strategies in response to market dynamics. Success comes not from forcing the market to your will, but from adapting your will to the market. Understand the Code – Understand the Matrix Trading involves deciphering patterns, much like understanding the Matrix’s code. The market moves up, down and sideways. Given. But with Price, Volume and probabilities – there is a proliferation of world of opportunities with each market. Develop the ability to read charts, trends, and indicators. Recognize that behind every market movement, there’s a code to be cracked. Agent Smith and Market Manipulators Just as Agent Smith represents a threat within the Matrix, market manipulators pose real dangers. Stay away from markets with: Too much volatility Too many gaps Unusual trading activity Stay vigilant, and don’t be swayed by pump-and-dump schemes or misinformation. They will disrupt your trading journey. Training Simulation: Practice Makes Perfect Remember the scene where Neo was practice fighting in simulations with Trinity and Morpheus? He was testing, improving, adapting and learning. You should do the same before you risk your hard earned money. Test, Test, Test, Forward Test and Real Test. Use demo accounts and simulations to hone your skills. Make mistakes where it’s safe to do so, and learn from them without risking your capital. Morpheus’s Faith: Belief in Yourself Morpheus believed in Neo before he believed in himself. Cultivate self-belief. Trust in your analysis, your strategy, and your decisions. Without belief, fear and doubt will cloud your judgment. The Architect’s Plan: Strategy is Key Understand the market’s architecture. Develop a trading plan and stick to it. Adjust as necessary, but always with the structure of your overall strategy in mind. Free Your Mind: Emotional Control Neo’s journey was as much about freeing his mind as it was about saving the world. In trading, emotional control is paramount. You need to learn to let go of Ego, Fear and Greed. These are your greatest enemies. You can do this by: Having a strong back tested track record to prepare for what is to come. Risk even less until you don’t feel the losses. Real trade with the smallest positions to get an idea on how the markets work and will operate when you incorporate costs. Train yourself to remain calm and objective, regardless of the market’s ups and downs. FINAL WORDS: The Path to Financial Awakening Trading, is much like deciphering the Matrix. It is an ongoing journey fraught with challenges, revelations, and the need for constant adaptation. The key points to remember with the Trading Matrix are: Building Confidence: The Neo Path Develop self-belief through education and resilience. Confirmation Bias: Dodging the Bullet Seek diverse viewpoints to make informed decisions. Take the Red Pill: Embrace Reality Embrace the reality of the markets with all its risks. There Is No Spoon: The Power of Perspective Adjust your perspective and adapt to market dynamics. Understand the Code – Understand the Matrix Understand the code behind market movements. Agent Smith and Market Manipulators Stay vigilant against market manipulation. Training Simulation: Practice Makes Perfect Use simulations to hone your trading skills. Morpheus’s Faith: Belief in Yourself Cultivate self-belief and trust in your decisions. The Architect’s Plan: Strategy is Key Develop and stick to a well-thought-out trading plan. Free Your Mind: Emotional Control Master your emotions to remain calm and objective. Educationby Timonrosso0
US500 SELLThe market is currently testing the current structure which is forming a divergence on the daily TF. Based on price action , the market is forming a reversal chart pattern on the 4HR TF. We could see sellers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor. Shortby WiLLProsperForex0
US30 Analysis of Dow Jones Industrial Average Index (DJIA) on 15-Minute Chart Indicators Used: • Moving Averages (MAs) • Bollinger Bands • Support and Resistance Levels • MACD (Moving Average Convergence Divergence) • Stochastic Oscillator • Volume Technical Analysis: 1. Moving Averages: • Short-term (Red) and Long-term (Green) MAs: The short-term MA is below the long-term MA, indicating a bearish trend. The price is currently below both MAs, suggesting continued bearish pressure. • Price Action: The price is struggling to break above the short-term MA, indicating resistance at this level. 2. Bollinger Bands: • Band Width: The bands are relatively wide, indicating higher volatility. The price is near the lower band, suggesting potential oversold conditions, but this needs confirmation. • Price Position: The price is hovering around the lower band, indicating downward pressure. 3. Support and Resistance Levels: • Immediate Resistance: Around 38,880, which is a crucial level to watch for a breakout. • Immediate Support: Around 38,720, which has acted as strong support recently. 4. MACD: • Histogram and Signal Line: The MACD histogram shows increasing bearish momentum, and the MACD line is moving away from the signal line, indicating a continuation of the bearish trend. 5. Stochastic Oscillator: • Current Reading: The Stochastic Oscillator is moving down from the overbought region and is currently in the middle range, indicating bearish momentum. 6. Volume: • Recent Activity: There has been a slight increase in volume during the recent price movement, indicating moderate participation in this bearish phase. Observations: • Bearish Trend: Indicators suggest that the price is currently in a bearish trend, with potential for further downward movement. • Resistance Test: The price is approaching the immediate support level at 38,720, which will be crucial in determining the next move. • Mixed Signals: While the MACD and Stochastic Oscillator suggest bearish momentum, the overall trend is still uncertain, and the price is below both MAs. Best Trade Opportunity: Trade Setup: • Entry Point (Short): Consider entering a short position if the price sustains below the support level at 38,720 with confirmation from other indicators. • Confirmation: Look for the price to hold below 38,720 and continued bearish momentum in the MACD and Stochastic Oscillator. • Stop Loss: Set a stop loss above the immediate resistance level at 38,880 to minimize potential losses. • Target: Aim for a target around the next significant support level at 38,640. Alternative Long Trade Setup: • Entry Point (Long): Consider entering a long position if the price breaks above the resistance level at 38,880 with confirmation of bullish signals. • Confirmation: Look for sustained movement above 38,880 and a bullish crossover in the Stochastic Oscillator. • Stop Loss: Set a stop loss below the support level at 38,720. • Target: Aim for a target around the recent resistance level at 39,000. Confidence in the Trade: Confidence Factors: • Technical Confirmation: Multiple indicators suggest a potential bearish momentum building up, providing a structured trade setup. • Support and Resistance: Clearly defined support and resistance levels provide a reliable framework for trade planning. • Volume: Moderate volume during the recent price movement adds validity to the potential breakdown. Factors to Monitor: • Market News: Keep an eye on any significant economic news or events that might affect DJIA prices, such as inflation data or central bank announcements. • Volume: Watch for sustained volume on the breakdown for added confirmation of the trade direction. Summary: • Primary Trade: Short position below 38,720 with a target of 38,640. • Alternative Trade: Long position above 38,880 with a target of 39,000. • Confidence Level: Moderate, given the mixed signals and current bearish phase. Monitor the indicators closely for confirmation before entering the trade. by KironKavanagh110
DJ30 FORECASTBased on the OANDA:US30USD chart, the price at 38790.0 is above the pivot point of 38753, indicating a bullish sentiment. If the price stays above this pivot, it could move towards Bullish levels at 38906 and 39022. Conversely, if it drops below the pivot point, it could target Bearish levels at 38637 and 38484. The current bias is bullish, but close monitoring around the pivot point is essential to confirm the market direction. Key Levels: Bullish Lines: 38818, 38906, 39022, 39165 Pivot Line: 38753 Bearish Line: 38637, 38484, 38279by RojBarwari1
TASI: is downtrend over?At the moment these are the bullish indications of TASI: 1. Taking support at 50% fib level of the uptrend that lasted from 24th Oct 23 to 24th Mar 24 2. Making a double bottom pattern 3. Taking support at an important support/demand level Is downtrend over?by Umair880
DXY Will Go Higher! Long! Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 105.175. The above observations make me that the market will inevitably achieve 106.475 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider111
Bank nifty Weekly closing above 49K will be bullish with 52.5-53K targets. Below 49 K bears will take charge. 42K is long term demand zone.Longby H_U_L_K0
callyesterday we bought Us100 today let's add Ger30 . then my weekly target is about to be reached i will be off for the rest of the week. and there is Fed meeting coming this week so let's stay away from Fundamentals but on ger40 i see an inverse head and shoulderLongby sizwedlaminiforex0
Us30 accurate analysis Us30 looking for another pushup Overall trend buy, triangle breakout happened On 30 mins time frame W pattern formed Longby DNA_Trader_Officials0
DOW JONES - Completed Pattern. OANDA:US30USD While the OANDA:SPX500USD & OANDA:NAS100USD have been hitting new highs the DOW has struggled and has completed a Double ABCD Gartley pattern on friday and sold off into the close. Setting up potential downside targets of 38300, 37800 & to complete the bigger pattern @ around 37k. If we start heading lower on Monday then that could put the wheels in motion for the bigger correction. Big data out mid week will send it one way or the other. Enjoy the week. I will post shorter time frame areas to watch with potential intraday turns points. Shortby L_FUpdated 0
Trade plan for TODAY BNAKNIFTY important/Intraday levels.Trade plan for tomorrow. BNAKNIFTY important/Intraday levels. No Price Action No Support and Resistance No Indicators No Moving Averages Not Gann levels These levels are purely based on mathematics. If it is useful please leave your comment.by iSmarTechTelugu0
NIFTYBANK: Old Guard, New Guidelines?Nifty bank, has not recaptured the old glory, despite the NIFTY crawling back. Still near the 50 K mark, though near 1500 points away. Lots of expectations in change of FM and markets will have to remain focused on no change. It is not an individual it is the team that works. Will Guidelines change matters more than change of Guard. No doubt there is sense of momentum attached to certain Guards. Bulls continue to take home the fact that they are able to hold 49250 very well and it is matter of time before they assert themselves, while bears would be waiting for an opportunity. For now, bulls have an edge so long as they are within the channel drawn. USD moves, US CPI, FOMC to drive, while rural demand and inflation or some of the challenges to address locally. Supports 49350-49150-48950 Supply 49980-50250-50450by sreebhashyam0
Nifty and Banknifty levels for 11th June.Key Levels for the Nifty 50: #NIFTY50 Supports based on pivot points: 22,946.07, 22,601.98, and 22,070.83 Resistance based on pivot points: 23,477.22, 23,664.28, and 24,195.43 Technically 23200 area will act as immediate support Key Levels for the Bank Nifty: #NIFTYBANK Resistance based on pivot points: 50,137.45, 50,471.7, and 51,334.45 Support based on pivot points: 49,274.7, 48,746.2, and 47,883.45Longby vichithra0