Based on my last post, I was neutral overall but still wanted to see a minor bullish increase upto the old volume imbalance located @ 106.600 which we got. The current market conditions mean that it’s a bit more tricky to guess a bias long term without more market information as all the dollar has done was sweep buyside before sweeping sellside. The outlook on...
04/24/2024 MACD clearly shows bearish momentum , wider lines RSI not over sold price action : Resistance at 50 day MA and bearish downside reversal candle stick pattern: Bearish Engulfing Sell 800 , target 760
This week, DXY TVC:DXY (US Dollar Index) may see accumulation as investors monitor economic data for signs of inflation and Federal Reserve's stance. NQ CME_MINI:NQ1! (Nasdaq 100 Index) might fluctuate amid tech earnings and global uncertainties like geopolitical tensions and inflation fears. I will closely watch these indices for market cues in coming week.
What we have seen in the past two weeks with price action is a slow and steady increase with more wicks attacking Buyside than Sellside throughout the week. Friday 12th April 24 was a pivoting point where all time highs was created @ 2431.78 and never reached back up there again before selling off into the bullish daily order block between 2300 - 2305. Last week...
Awaiting for manipulation at the beginning of the week, ideally Monday before high impact news is released which worked out to absolute perfection. 8am US session was when the lows was created for this week @ 1.23100 before witnessing the buy programme book price to the highs of 1.23616 throughout the US AM session leading into the US 2pm session. Going into...
Since yesterday 22447 to 22481 is again and again blocking the Nifty rally. Only after 22481 is crossed and held we will see the rally continue further. Further resistance will be near 22558, 22612, 22692 or even 22780+. In case the resistance proves strong enough the supports will be found at 22376, 22342 and 22290. If 22290 is broken then further supports will...
On April 24, 2024, Wednesday, the price failed to close above the minor level of $830.40, resulting in a bearish engulfing bar compared to the Tuesday bar formed on April 23, 2024. Looking at my price chart, it's clear that the $830.40 minor structure is crucial for determining buyer sentiment towards this stock. As long as the price of NVDA trades below $830.40,...
PEP had a strong bullish engulfing candle today after a small selloff on positive earnings. I did enter the position with some cash on my last charge post for PEP. Fundamentally I think 192-200$ over the next year sounds reasonable. This is not going to produce astronomical gains, but reasonable and safer gains as we approach recession territory. I believe the...
Hourly candle took both previous day range and highest point of previous bullish candle.. so don't miss short opportunity here .
The stock is poised for a breakout move above it's all time high. Trend and RSI Momentum intact. My SL would be strictly at 624, target - 711.
This is a simple project that is looking for two possible scenarios in the unfolding of events. The most important phenomenon that will be relevant in analyzing and possibly trading this instrument using the elements in the snapshot, is the price action at the shapes. If coincidences of price action near the shapes or icons occur, we can treat them as potential...
Sometimes a drawing can speak better than words, or at least present an idea in a better and more efficient way. This project involves projected tendencies and forces that might affect the price, represented with the curves as attractors and influencers with their respective arrows pointing the direction of the potential simulated pressure applied to the...
On a today's live stream, we spotted a very bullish pattern on WTI Crude Oil: inverted head and shoulders formation after a test of a key horizontal support. We see a confirmed neckline breakout of the pattern. It increases the probabilities that the market will go up now. Target - 84.5 ❤️Please, support my work with like, thank you!❤️
A potential swing trade opportunity in Syrma SGS , a notable player in the electronics manufacturing industry. Reasons are listed below : The stock exhibited resilience as it rebounded strongly from the 450-500 support zone, suggesting a false breakdown and indicating underlying strength. A hammer candlestick formation on the weekly timeframe signals a...
Today On the Daily I am in confliction with bias meaning that it could be changing soon if we repeat another bullish closing day. For this I have dropped down onto the 4hr TF and the most recent 4hr -ob is what I will be referencing as to Bullish or Bearish intra day PA. Scalpers Market atm If you un sure, sit still. We did close above the Daily v.i as I have...
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
I will treat BINANCE:ORDIUSDT like meme coin; it has little utility and should be traded with caution. However, it was found on the list of top losses, and looking at the chart, it seems like the support at $40/Ordi will hold. Add your SL accordingly and manage your risk effectively. What are your thoughts about this analysis? If this analysis makes sense...
Out buyside target from yesterdays related analysis, ESM2024 5121, got in fact hit overnight :)