Rising inflation, conflict in Ukraine, prolonged supply chain disruptions, pandemic-related lockdowns in China, and monetary policy tightening by the central bank have weighed on financial markets recently, fueling concerns about a global economic slowdown.
Wall Street ended sharply lower Wednesday, with Target Corp shares losing about a quarter of their market...
Dow Jones (DJI) has been trading within a Channel Down throughout this whole 2022 correction. Friday's low along with the 1D RSI sequence, resemble the bottom fractal of the last Lower Low within the Channel Down on March 08. The index rebounded to just above the 0.618 Fibonacci retracement level at the time to price the Lower High. Currently the 0.618 Fib is...
With FOMC outcome due tonight, volatility is increasing sharply (pre-event uncertainty)
We are in the dark as to what FED will do tonight - so many possibilities, add to that statement - hawkish or dovish
25 bps market will rally
50 bps appears discounted
75 bps market will panic
Hence better to stay light
Above 21.75 the crucial resistance is at 2.80 if that...
Dow Jones (DJI) is on the 2nd green 1D candle following a streak of 6 red days. The long-term trend has been a Channel Down since the January 05 High and it appears that following Thursday's low as a Lower Low on the Channel, it appears to be repeating the previous Lower Low sequence of January 24. This led to a rebound slightly above the 0.618 Fibonacci...
On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from our 1st resistance at 32553 where the 50% Fibonacci retracement is to our 1st support at 31294 in line with the swing low support. Alternatively, price may break 1st resistance structure and head for 2nd resistance where the 78.6% Fibonacci retracement .
Any...
On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from our sell entry at 32602 where the 50% Fibonacci retracement is to our take profit at 31294 in line with the horizontal swing low support. Alternatively, price may break entry structure and head for our stop loss at 33250 where the 78.6% Fibonacci retracement...
MSCI Index seems bottoming out on monthly chart
Buying should start immediately soon in all Emerging Markets in upcoming days .
#nify #niftybank #commodities
On the H4, with price expected to reverse off the ichimoku cloud , we have a bearish bias that price will drop from our 1st resistance at 33193 where the horizontal pullback resistance and 38.2% Fibonacci retracement is to our 1st support at 32422 in line with the pullback support. Alternatively, price may break 1st resistance structure and head for 2nd resistance...
Dow recently bounced off the support and retraced to the monthly pivot before dropping back to the support.
A small retracement may happen at the beginning of the week before gathering enough momentum to break the support and head towards 31700 initially.
On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from 1st resistance in line with the horizontal pullback resistance and 38.20% Fibonacci retracement to our 1st support in line with the 100% Fibonacci projection . Alternatively, price may break structure and head for 2nd resistance where the horizontal overlap...
The Dow Jones index (DJI), eventually fulfilled the selling sequence of January's fractal which I mentioned as possibility on my last analysis:
The index is now very close to the Higher Lows trend-line of the February 24 Low and even though the January fractal hints to more selling, if the Higher Lows hold, I expect a rebound towards the 0.618 Fibonacci...
On monday morning Asian market opening time. The market price for US30 will go up to around 33193 because thats the probable retracement level as there is also a previous low. There is also an order block at H1 which may help prompt buyers to push the market up. If nothing strange comes up, the market may push up through the Euro opening time Zone through to the...
The exit from the zone is caused by a breakdown of the ice Wyckoff zone.
The target is the volume profile zone. In case of its breakdown, the POC nearest by the weekly profiles
On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from our entry at 33583 where the horizontal overlap resistance is to our take profit at 32689 in line with the horizontal swing low support. Alternatively, price may break structure and head for stop loss where the horizontal overlap resistance and 38.2% Fibonacci...
On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from our entry at 34078 where the 161.8% Fibonacci retracement is to our take profit at 33354 in line with the horizontal swing low support and 61.8% Fibonacci retracement . Alternatively, price may break structure and head for stop loss where the 61.8% Fibonacci...
On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 34078 where the overlap resistance is from our 1st support at 33354 in line with the horizontal pullback support and 61.8% Fibonacci retracement . Alternatively, price may break 1st support structure and head for 2nd support where the...
Price is near to the key pivot and we see that ichimoku cloud indicator is trying to push the price up. Therefore, we can expect the price to potentially bounce from the buy entry level of 34636 in line with 61.8% fibonacci retracement and 61.8% fibonacci projection towards the take profit level of 35368 which is a previous horizontal swing high resistance.
Any...
CME_MINI:ES1! near the convergence of multiple Gann Support Levels 4345, 4335, and 4315 indicating a possible bottom this week from which we can start to move towards Gann Resistance Levels 4403, 4415, and 4460.
CME_MINI:ES1! closing above 4460 this week would indicate continuation of the uptrend towards 4460, 4480, and 4560 Gann Resistance Levels next...
