NDX levels gave the highs yesterday and as mentioned for yesterday, said we should see a dip but would be bought up; but overall NDX is still looking weak. Unlike SPX, NDX is going below the 2 zones, which is more bearish. For now, before CPI, 13114 and 12870 are fadable IMO, especially if we see 12870, would be a good level to go long back to the zone.
Market gave a reversal candle yesterday. EURUSD was strong and we got only a slight rejection off the PHOD (GBPUSD short was better). What is the market telling us? Market is still above the 2 zones and thus bias is to the upside. Would like to see a retest of the zone, find support to go long to target 1.0942. If 1.0942 trade first instead during European...
Similar move to EURUSD; market made a huge dip but is bought. Now price is within the zone which should provide much resistance. TBH based on yesterday's price action, and that price is below both zones, would expect another revisit of the lows, but given that price just open and went higher, I would say be short only if BZ breaks to target yesterday's low. Be...
DAX is back after holidays, gap up after US went higher yesterday. Price is between the 1 and 2 SD BB. Looking for another spike for a good pullback. Looking for the short between 15812-15872 for a move to PZ. But if market goes to PZ/BZ first look for the bounce to target above instead.
Price is coming down but still supported by the BZ. Not too clear for today, thus better is to wait for market to move and trade accordingly. Above 13072 look for long to 13160 else wait for dip to 12946-12976 for long to 13035.
Market came down on NFP on Friday but bounced off BZ. Today we have confluence of BZ and PZ as support but it is a battle of price action with BZ. If price stays around current price near PZ, could see a rally to 1.2454 (or near there) for a rejection and a short back to Friday's low.
Hey Everyone, Please see our updated 4H chart Goldturn support and resistance reaction levels and updated targets. We have a structure break above 2007 Goldturn resistance opening the range upto 2035, which fell short by a few pips last week still leaving this gap open for us to keep in mind. A new Goldturn formation at 2022 is providing resistance. We will...
I said NDX was in a range but yet market broke down on weakness. But BZ held well for the short and now market is going down more but BZ is holding it. Would like to see 13016 trade before further down else be cautiously bearish when BZ breaks.
GBPUSD came down on US data release with DXY hitting 101.40 strong support. Market is again testing the lows of yesterday after the test and rejection off the PZ. If it had been at the open, I would say that if market come down first (to BZ), look for a long to PZ and if market goes up first, look for a rejection. For now, with price near BZ, will look for the...
Hello traders, in today's trading session my team and I are monitoring GBPJPY for a potential trade setup. At the moment GBPJPY has been very bullish, retesting the high on the weekly timeframe - which doubles as a minor buyers territory OR money spot. Pip Regards, DayBot6. What do you think of this idea?
Has $DXY bottomed? It made the perfect bounce off the PZ yesterday and stopped by BZ in the standard move. This morning, it opened above PZ and is now capped by BZ (again). Can it break BZ today? Yesterday's daily candle points to a possibility.
Hey Everyone, Price is ranging sideways between both the weighted Goldturns 1955 and 1977 with 1977 gap open giving us confidence to buy dips. We took a nice 30pip trade from the dip with a safe exit at 1970. As you can see all the MAs have started to converge together now, which usually happens before a breakout. We have the Core PCE number coming out this...
1W Chart, Southwest Airlines Company (LUV) : MACD : Has been under the histogram since September, 2021, with two attempts to break through the surface, one third move up, should break the ice... RSI : Has been moving into a band between 31.00 and 55.00 PRICE : Has been steadily moving up after bouncing twice around $30, testing the 100MA signal resistance...
USDT Dominance is currently at a level of strong longer term trend SUPPORT (i.e. market resistance level). Red circles represent contact with the current trend support which signals the selling of USDT (i.e. buys in the crypto market), with a current double bottom shown. Green circles represent the current trend resistance hits and USDT sell-offs (crypto...
This is the key level to watch and is holding. Lots of resistance above too but hold this level and we will get a next leg up.
Hey Everyone, Please see our weekly chart update. As stated last week and same again this week the swing range providing the range to buy dips and yet again we saw this play out with a nice bounce back up from the swing range. However the difference this week is we have a weekly candle body close above 1858 leaving the range above open. Please remember weekly...
Avi Salzman in the Article titled 5 Stocks poised to profit from renewables, published on the February 27, 2023 issue of Barron's, studies these 5 stocks: GLW, ENPH, FREY, NTOIY & SBGSY, I picked the first to share with you my impressions 1M Chart, Corning Incorporated (GLW) : MACD : On October 2021, the signals on pierced down from above the histogram and...
Hey Everyone, Fantastic day today with the swing range completing the full swing. The 4H setup is now active and we would need to see EMA5 cross and lock above 1836 to re-open the upper levels again. Our plans to buy dips is still playing out perfectly. Making sure exposure is low to allow management of swings. BULLISH TARGETS 1836 EMA5 CROSS AND LOCK ABOVE...