SPX500 is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 4742.34 which is an overlap support. Stop loss is at 4690.00 which is a level that aligns with the 38.2% Fibonacci retracement level and sits under a pullback support zone. Take profit is at 4820.40 which is a swing-high resistance. High...
FTSE 100 UK100 trade idea for 20/12/2023 FTSE 100 is in upward channel on daily chart. It broke out of it 2 days ago but came down back inside the channel again. Tomorrow 20th Dec a major catalyst CPI data is released an hour before the market open. This surely will bring major volatility which gives the traders a good opportunity to grab some points if traded on...
Hello TradingView community! I want to share with you my recent Elliott Wave analysis of US30, which is currently indicating a selling opportunity. As an avid follower of the Elliott Wave principle, I've been closely monitoring US30 and I'm excited to discuss my findings. Through my detailed analysis, it's evident that US30 has completed its bullish phase,...
Hi everyone on TradingView! I'm thrilled to share my Elliott Wave analysis of NASDAQ, which, according to my latest observations, is signaling a sell. I've been rigorously applying the Elliott Wave theory to NASDAQ and would like to discuss my findings with you. From my analysis, it's clear that NASDAQ has just completed its bullish impulse phase, characterized...
SP500 could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 4,710.09 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 4,649.99 Why we like it: There is an overlap support that sits above the 61.8% Fibonacci retracement level Take...
In today's trading session, our primary focus is on US30, where we are actively monitoring a potential buying opportunity around the 37100 zone. Currently riding an uptrend, US30 showcases a sustained upward trajectory. Concurrently, the index is undergoing a correction phase, gradually converging towards the trend at the crucial 37100 support area. This numerical...
DXY D1 The dollar index has drifted lower, aligning with the latest developments and insights pertaining to the battle against inflation and central bank interest rates. We witnessed a significant downward move, sliding from 104.000 to 102.000, amounting to a substantial 200-point drop. Subsequently, we are observing a modest rebound, mirroring the overarching...
Hello Traders, welcome to today's analysis of Dow Jones. I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NAS100 Currently filled the 4H demand zone and move upside, after that currently its creating liquidity so strong chances are there that on monday 18/12, it will create more liquidty in london session and grab the buyside liquidity fill the imbalance below and will enter the 30m demand zone which is overlappe on the 4H demand zone making it a strong buy zone and...
Technical Analysis and Outlook: During this week's trading session, the S&P 500 index exhibited remarkable strength, with consistent price momentum throughout. The index managed to surpass our Key Resistance level of 4639 and Inner Index Rally level of 4647, finally resting at the completion of Inner Index Rally level of 4713. Looking ahead, the following two...
Hey Traders, in the coming week we are monitoring US500 for a buying opportunity around 4680 zone, US500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 4680 support and resistance area. Trade safe, Joe.
DAX is trading inside a Channel Up pattern since October 27th and it has been intact for so long that the 1D timeframe remains overbought (RSI = 78.050, MACD = 373.200, ADX = 82.264). Since it is holding the 4H MA50 over the bottom of the Channel Up, we remain bullish aiming at a +4.66% rise (TP = 17,400), which is the lowest it has registered inside this pattern....
Delve into the dynamic world of technology stocks with our in-depth Elliott Wave Analysis of the NASDAQ. This extensive post explores the intricate wave patterns that are shaping the movements of this tech-centric index, reflecting the pulse of innovation and market sentiment. We analyze current market trends, identifying key levels of support and resistance, and...
Join us on a comprehensive journey through the US30, illuminated by Elliott Wave Analysis. This extensive post delves into the current market scenario, assessing the implications of each wave phase and their potential impact on future index movements. We discuss the influence of key economic factors like corporate financial health, technological innovations, and...
Delve into the vibrant world of technology stocks with our detailed Elliott Wave Analysis of the NASDAQ. This extensive post explores the complex wave patterns shaping the movements of this tech-heavy index, reflecting the pulse of innovation and change. We analyze current market trends, pinpointing key levels of support and resistance, and forecast potential...
Navigate the complexities of the US30 market with our detailed Elliott Wave Analysis. In this extended post, we meticulously chart the current wave sequence, interpreting the subtle signals within the Dow Jones’ movements. We explore how factors such as investor sentiment, market liquidity, and international economic shifts are influencing the index. This analysis...
Dow Jones made new All Time High yesterday and today reached the 0.786 Fibonacci Channel level of the 14 month Channel Up pattern. Needless to say it is massively overbought on the 1D timeframe (RSI = 79.702, MACD = 696.100, ADX = 90.584). The sheer strenght of this rise since the October 27th bottom can only be compared to the first rise of the Channel in...
Hey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 16470 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 16470 support and resistance area. Trade safe, Joe.