The S&P 500 Index looks extremely overextended and a downward movement is likely going forward. Currently, the SPX is in a very similar configuration to the pre-pandemic (late 2019 going into early 2020). Back then the price continued to move higher forming multiple tops while the RSI Exhaustion continued to decrease and stayed mostly bullish exhausted (colored...
A quick video on all the important Nifty and Banknifty levels you must know before tomorrow + LIVE trading announcement!
Quick snapshot of the levels for tomorrow as I read them.
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Now that $MJNE will be under their own 4 licenses, they will realize 100% of the revenues and receive rent and royalties from their LOI with MKC. They have water rights and zero debt. Roger and Paris - “Our cost to grow is second to none.” Test results showing highest terpene levels... The future of cannabis is wholesale. Don't let the number of retail...
All based on price action. Follow me for more TA!
Hey tradomaniacs, even though we`ve seen very dovish statements by Jerome Powell, aswell as worse economic-data from the USA, which is currently bad for the US-DOLLAR as the market started to BET against the Feds policy the bears suffered due to a lack of controle. The current rally seemed to be a bit exthausted as there was no retracement to give bears...
Long trade on 1 Hour timeframe. Mid-term bias--: EUR stronger than AUD. Gartley pattern formed perfectly. RSI zig zag lowest point is reached and forming another bullish line. RSX bounced from oversold level going upward (might have another minor wave triggered). Price trading at the Daily bullish trendline (orang-color line) Trade details: Entry: 1.57350 TP:...
Short trade on Daily timeframe for GBPSGD (Swing trading-Long term). Naked trading with trend line breakout (orange-color line) in bearish bias. Zig zag peak point is reached and forming another bearish line. RSI already on the downward momentum. Price is currently at important resistance level. Trade details (2 options of entry): Entry option 1: 1.81811 (early...
Long trade on Daily timeframe for EURGBP. Gartley pattern formed perfectly on Daily timeframe. Zig zag low point is reached and forming another bullish line. RSI reached oversold level and crossed LSMA. Upward movement still in progress. Trade details: Entry at: The break of the Orange-color line. Around 0.88700 to 0.88750. The Orange-color line need to be broken...
Long trade on 1 hour timeframe for GBPCAD. Short to Mid-term bias--: GBP stronger than CAD. Gartley pattern formed perfectly on 1 hour timeframe. RSI zig zag low point is reached and forming another bullish line. RSX reached oversold level. Price is in the zone (yellow shaded area). Trade details: Entry: 1.74360 TP: 1.75220 SL: 1.73660 Trade already active and...
Short trade on 1 Hour timeframe for EURCHF . Butterfly pattern formed perfectly on 1 hour timeframe. RSI zig zag lowest point is reached and forming another bullish line. RSX reached overbough level and crossed the LSMA going down. Trade details: Entry at: 1.08050 to 1.08045. We are waiting the break of the yellow rectangle area and/or at orange trend line . TP:...
Long trade on Daily timeframe for USDCHF . Long-term bias--: USD stronger than CHF. Crab pattern formed perfectly on Daily timeframe. RSI zig zag lowest point is reached and forming another bullish line. RSX reached oversold level and crossed the LSMA on oversold zone (might have another wave triggered). Trade details: Entry: 0.89310 TP: 0.90300 SL:...
ABBV is on the KEY SUPPORT. If we break it, we are going lower. ENTRY LEVELS LONG: $101.95 BE AWARE $95.91 $91.82 $82.47 STRONG BUY
Cheap or not, BABA is still in a downtrend correction, but trying to form a base. Going back above 266 would be a positive step if you're looking for some signs of reversal. Alibaba is a solid company. I'm neutral/bullish now. Trade safe!
I have bearish view on Bank nifty for tomorrow. If it breaks the levels of 28,800, Then there will be good downside movement. Support Placed at levels of 28500-28400. If nifty sustains 28850 level and try moving up then the resistance placed at levels of 29300-29350. Views are personal. Not responsible for one's P/L.
Hey tradomaniacs, looking at DXY we can clearly see how the market does not know what to do. It`s kinda hard to say where majors go as long as DXY (US-DOLLAR-BASKET) is playing these games. After three attempts to break through the resistance while SPX500 has shown a fakeout below a Key-Support-Level yesterday DXY continues to consolidate in a range. I`m...