I still have a hard time believing the US will ultimately see a soft landing from the most aggressive rate hiking event in history...the lag effect will prevail in due time. Ask yourself this...If the US economy is so great & resilient then why do the people in power need to deficit spend, especially given we are at maximum employment? Just makes zero sense...
Nasdaq (NDX) started a correction last week (see our March 12 idea below) which was after a rejection at the top of the multi-month Channel Up that transitioned into a Head and Shoulders (H&S) on the lower time-frames (4H) and broke below February's Channel: Despite the early bounce today, we don't expect this correction to be over, but won't be a lengthy one...
The S&P500 (SPX) broke on Friday below the 4H MA50 (blue trend-line), which isn't yet a bearish confirmation as it has done so numerous time within December's Channel Up pattern. What would be a sell signal though, is getting rejected and fail to close a 4H candle above the 4H MA50 again. We will then look for the 4H MA200 (orange trend-line) and target Support 1...
#gifty trading is slightly negative, around 40 points from our closing, a sign of a flat to small gap down. We saw a bounce from hourly support during the Friday trading session, so there is still hope for a bounce or a pullback in the short term. Harmonic ABCD patterns will be activated at a rate lower than 21,900, and it is a crucial support for nifty this week...
V1 - Seems like we may be at the bottom of this short-term DT(DownTrend) and is primed to go bullish again. I marked areas of interest for buys, but if a selling opportunity presents itself then I will call those out too
Banknifty is going through a perfect wedge And by 1 April I see Banknifty at 48500
BUY ABOVE - 46690 SL - 46560 TARGETS - 46870,47050,47200 SELL BELOW - 46450 SL - 46560 TARGETS - 46300,46100,45930 NO TRADE ZONE - 46450 to 46690 Previous Day High - 46690 Previous Day Low - 46300 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 22060 SL - 22010 TARGETS - 22120,22170,22210 SELL BELOW - 21980 SL - 22010 TARGETS - 21940,21900,21850 NO TRADE ZONE - 21980 to 22060 Previous Day High - 22120 Previous Day Low - 21940 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Price is closed near the Support zone at 22000 levels... we are still left with the liquidity below 21850 levels. Bear Trap:: what happens if the liquidity cannot be done now... If this time price failed to push downside more chances of fall below 21850 levels from topside. If price opens up and continue to move upside there will be one more fall from the...
Sell in May 2024 and Go Away. Pump the next 6 months to liquidate doomers before crashing.
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this week has a lot of news release. especially fed rate and fomc statement. I am expecting some big moves with fomc. I am in long positions on xauusd and eurusd for now. let's see.
We are getting a retracement to the strike zone it looks like, please read the comments on the chart. If price touches or gets within 5-10 pips of the strike zone, I will take a buy.
The BLACKBULL:US30 has seen a recent pullback, touching down on a zone of strong support. Our charts show this retreat as a healthy retracement within an overall bullish context. Trade Strategy: Entry Point: We’re looking at the 0.75 Fibonacci level, around 38645.6, as our prime zone for entry. It’s not just a number; this level has historical significance,...
Investors have been optimistic about interest rates and inflation for much of the past year. However, two important charts may undermine those hopes. Today’s weekly chart returns to the yield on the 10-year U.S. Treasury note. First consider the series of higher lows since July 2022 – despite improvements in headline inflation numbers. That rising trendline may...
Hi Everyone and welcome to another weekly analyses: 18/03/24 - 22/03/24 Following the creation of new historical highs @ 18416.3 on Fri March 8th, price began it's downtrend to signal a daily HL @ 17793.2 on Fri March 15th. ------------------------------------------------------------------------------------------------------------------------ Will this...
What do you think? :)) RBD = Rally Base Drop Supply Zone LQP = Liquidity Pool
Week of the 18th March (H4) DXY: Stay below 50% (103.70) to maintain bearish view, could trade down to 102.40 support NZDUSD: Buy 0.61 SL 30 TP 100 AUDUSD: Buy 0.6580 SL 40 TP 80 (Tuesday: RBA Decision) USDJPY: Riskier: Sell 148.50 SL 80 TP 200 (Tuesday: BOJ Policy Decision) GBPUSD: Buy 1.2760 SL 50 TP 100 (Thursday:BOE Voting) EURUSD: Sell 1.0860 SL 30 TP 60...