💡 Pattern: Cup & Handle 💡 RSI: 57 Neutral 💡 Risk: Medium ✅ Resistance: 15800 ✅ Support: 14100 PERFORMANCE 🔴 ST: NEGATIVE 🟡 MT: HOLD 🟢 LT: POSITIVE *ST: Short-term | MT: Mid-term | LT: Long-term Verify it first and believe later. WavePoint ❤️
S&P500 crossed over the Channel Down that started in late July, turned bullish on the 1D technical outlook (RSI = 60.269, MACD = 21.240, ADX = 31.244) and ahead of the U.S. CPI report is targeting the R2 level. If today's 1D candle closes over the top of the Channel Down, aim at the R2 without a pullback (TP = 4,530). If it closes under it, buy after a pullback...
Technical Analysis and Outlook: The Spooz index pivoted briefly from the completed Inner Index Rally 4375. This transition allowed traders with long positions to exit with prudence. The current momentum is solid and targets a Mean Resistance of 4515. Traders expect this momentum to ultimately lead to a retest of our completed Inner Index Rally 4590 on July 27,...
Hi Traders! There is a potential double top pattern formed on the 1D S&P500 chart, and there is potential for further moves to the downside depending on whether we get another price rejection at the important 4393.57 level, which is the 4-week high. Price Action 📊 The market has had a big price rejection around the 4393.57 level and has now reached that level...
Dow Jones turned bullish on its 1D technical outlook (RSI = 59.241, MACD = -34.600, ADX = 33.114) after more than three weeks as it smashed past our target and even crossed over the R1 level (34,150). The inevitable formation of a Golden Cross on the 4H timeframe, indicates that this sequence has one more High left to give on the LH and HH trendlines cross. The...
US30 was bullish through out last week, we also had NFP news last week which was also bullish. We should expect strong retracement to the downside.
We had Massive buys on Nas100 through out last week which was also NFP news. We should expect strong retracement to the downside after price should take resistance at 15218.00 or continue to sell to the downside.
Nasdaq hit our TP = 15,000 as since our last idea (chart at the bottom) we took full advantage of the whole LH leg of the Channel Down. With the 1D technical outlook now just slightly bullish (RSI = 56.567, MACD = -24.590, ADX = 32.703) despite the seven day rally, we are looking towards a short term pullback that will test the buying strength and investor...
US30 D1 The downtrend remains evident. We find ourselves perched at a critical supply level, which has historically served as both a support and resistance area. Notably, last week's move covered an impressive 1,700-point range. As highlighted in our recent IG video, we are keenly interested in exploring short positions, not only for potential corrective...
If price should trade above my Take profit 15209.56 - 15210.69 before 9:30am NY time on the 6th of Nov 2023, then I favor a market reversal to take profit below. But if market doesn't do that, I look for a direction which I believe the market should be going. Idea will be updated frequently. This is a daily chart
Possible scenario for a dull data next week for US30, NAS100 and US500
There is a pattern on H4 and H1, There are multiple tops wit divergence, and the market sentiment for next weeks seems like it has to fall, this trade is with the daily trend so it should fall to the bottom.
Regarding yesterday's trading day: Checked progress for the American index, which closed up by 0.66%. The start of the day was quite promising for the index, marking an initial price at 33,988.8 points, staying above the peaks from November 2nd and continuing to rise during the session. Currently, the short-term outlook for the Dow Jones indicates a strong...
Technical Analysis and Outlook: The stabilized selloff in the bond market in this week's price action sent the index raging upward all the way up to Mean Res 4378 and completing our Inner Index Rally 4375. On the downside, the index will likely go down toward the Mean Sup 4238, followed by a series of price targets marked on the chart. However, due to the...
US30 has been on a bullish trend since Monday trading session. We have NFP NEWS today and we should expect strong bearish candles at 13:30. US30 is at a strong resistance level, we should expect one more push to the upside and see strong bearish candles before the close of the market.
Nasdaq 100 has been on a bullish trend since Tuesday trading session. We have NFP NEWS today and we should expect strong bearish candles at 13:30. Nasdaq 100 is at a strong resistance level, we should expect one more push to the upside and see strong bearish candles before the close of the market.
Target achieved on DAX (chart at the end) as the price made a straight rebound at the bottom of the Channel Down. The 1D technical outlook is neutral (RSi = 52.756, MACD = -158.600, ADX = 30.783) and being that close to the 1D MA50 without being bullish already, makes a short term pullback possible. On the long term, we expect a bullish breakout over the Channel...
Wishes for a nice month everyone and let's all pray for logic and Peace in the World.🌍 🎓 November has started with a bang, and we're seeing some interesting movements in the financial market. 📊 🔍 Observations: Bitcoin's Rollercoaster: BTC took a slight dip today, even after a splendid performance post the Federal Reserve announcement. 💸 Inverse Correlation...