buy above yellow higlightedbuy above yellow higlighted sell below yellow higihlightedShortby jayvalli0
Trap!Looks like Nifty has walked straight into a spot marked with a big X like in the KGF2 movie. And is waiting to be shot down by bear cartel. This is the narrative that played out in my head. Nifty could either consolidate OR fall from here. On the contrary of Nifty Gaps up OR there is fresh buying in some heavy weights, good enough to make 22500 sellers run for cover, then we could see an unprecedented rally. Shortby OldMonk130
NIFTY TRADING LEVELS FOR 17-05-2024Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.by tony_fx_sm1119
#NIFTY Intraday Support and Resistance Levels -17/05/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22420 level and then possible upside rally up to 22540 level in today's session. in case nifty trades below 22370 level then the downside target can go up to the 22250 level. by TradZoo1110
[INTRADAY] #BANKNIFTY PE & CE Levels(17/05/2024) Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 level in todays session. Any Major downside only expected in case banknifty starts trading below 47950 level. by TradZoo5
NIFTY BANK: Clamp or Follow 3?In term of the move, it is last on hour of move, coming on expiry, one ideally would like to see the follow through on the next day. This time is no different. On the Daily, if not classical, it looks like follow three, exception being the large lower wick. In both the cases, C clamp is visible, suggesting a rather sluggish move but still over laps the previous energy cycles to continue. Not much on the data front, weekend, truncated week ahead, markets would like to play the decay than a sharp ascent or descent. having said that a close above 48300 augurs well for this space and possibly we might be looking at the channel upper end than otherwise, similar trend unfolded in the month of March. The ping pong range will continue, it will frustrate some, some will enjoy the range as long as it lasts. Near term 47700 break and close, unlikely will frustrate the bulls 47800-48400 range is ideal for the day to start. by sreebhashyam1
BANKNIFTY- Intraday Levels -17th May 2024 If BANKNIFTY sustain above 48070 then 48120 then 48161 to 48215 then 48265 then 48307 then 48361 then 48410 to 48452 then 48507 If BANKNIFTY sustain below 47924 then 47870 to 47830 then 47779 then 47724 to 47685 then 47630 then 47579 47542 or 47487 below this bearish then 47394 to 47342 Consider some buffer points in above levels. Please do your due diligence before trading or investment. **Disclaimer - I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk. Thank you. by PrashantTaralkar2
DXY: DXY analysis todayThe dollar slid to a multi-month low on Thursday after U.S. core inflation hit a three-year low and retail sales were flat, raising expectations of lower interest rates in the economy. largest economy in the world. The DXY index recorded its biggest decline of the year, falling 0.75% and penetrating below the MA 200 line. DXY is currently trading around its 5-week low at 104.17 at the beginning of the Asian session.Shortby Chart_MasterPro114
NIFTY: Elections Expiry n ExitNifty, the price action perfectly fails around the supply zone and descends more than what we anticipated. At one time it looked it would end much deeper and stronger, the two-way ferocity of the move for sure to unsettle the players of all kinds, save those who did nothing. The up move has been from all counters and not limited to any, most importantly certain sector has bounced from the range low, certain sectors have broken the recent low and created near term double bottom for example the IT. Markets absorbed the US Inflation data, also the expectation of rate cuts in Europe decelerate, on the margin impacting the dollar moves. This morning Chinese data prints robust Industrial production, which can be positive for Stronger trade related economies like Australia and commodities. Retail sales slag but unemployment falls. Net, no further monetary or fiscal accommodation one can expect from China. The growing concern, if any can turn out, the relative attraction of China Vs India, is that the reason FII selling, no one knows, but it remains a fact, markets are way too pessimistic on China, while on the broader trajectory we remain on the upside on the long run. Not much of data, weekend, Monday holiday, ideally markets should be far lacklustre than seen, save a few counters here and there. Prepare for the month end expiry than anything else. On the graph, the up-move has been sharp and thus a tint of bear bias left, but not enough to turn much deeper. The new range is tad higher 22230-22530 by sreebhashyam1
NAS100 BuyNAS100 Buy Stop Loss: 18477 Targets: 18590 18600 18620 18640 18660 18700 18777Longby MoneyGangPhone1
Potential bearish drop?Dow Jones (US30) has reacted off the pivot and could potentially drop to the 1st support. Pivot: 39,993.29 1st Support: 39,637.89 1st Resistance: 40,530.41 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.UShortby ICmarkets7
DXY UPthis is the idea for dxy to new ath. see previous idea that was correct will post updates on targets based on daily, weekly or monthly charts. So I don't try to post a perfect idea bottom like this again and stop on a local gain lossLongby vregrdedtrdrUpdated 4
Falling towards pullback support, could it bounce from here?S&P500 (US500) is falling towards the pivot which acts as a pullback support and could potentially bounce from this level to the 1st resistance. Pivot: 5,275.81 1st Support: 5,203.86 1st Resistance: 5,379.39 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.ULongby ICmarkets5
2024-05-16 - a daily price action after hour update - dax/Good Evening and I hope you are well. overall market comment Bulls rallied to another ath where many of them took profits and bears began shorting after a lower high. The selling on bigger volume into the close is a sell signal going into tomorrow. Bulls have to break out of the formed bear channels to make bears doubt the highs might be in. Since tomorrow is Opex, everyone is max bullish and VIX is at the lows, we could be in for a surprise tomorrow. dax comment: Bear trend from before the open, after Globex made a new ath 19006. Since it’s the end of the week, the open, low and high prices of the week are important to watch. I always mark them on my charts when they occur. current market cycle: trading range - bulls broke 19000 but no follow through, if we close this week below 18900, we got a higher high but inside a trading range and odds favor that we trade down to 18000 again. key levels: 18738 - 19006 bull case: Bulls began to take profits and today’s selling was without any stop which makes me believe that big institutions are off-loading their positions while they can. Low of the week was 18738 and that should be bulls last hope for tomorrow. If they can not hold that level, we probably trade down to 18600 and below that is 18400. bear case: Bears created a sell signal on the daily chart going into tomorrow. The weekly and monthly charts now show big tails above and if we can close below 18900, that would be a second rejection of that level on the weekly chart. Last time we made a new ath we sold off for 1280 points so that is my base assumption for the next weeks. short term: Bearish - But can see a retest of the highs if bulls break strongly above the 1h 20ema tomorrow. 18738 must hold or we could crash down. medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged trade of the day: EU open could not get a close above the 15m 20ema and had many tails above bars. Could have sold anywhere with stop new ath.Shortby priceactiontds3
📈 Bearish Harmonics Pattern In The Making | DJI Peaked, Again!Hello my fellow traders and news people, I would like to show you this because it is a nice bit of information and can be quite revealing; it can help us connect many dots. The DJI is poised to produce a correction based on normal cyclic market action. Based on the classic fluctuations wee see of prices moving up and down, like the waves in the sea. Today we can see the DJI hitting a new All-Time High, this is true. An All-Time High only means the highest price ever but it doesn't really mean much more than that. For example, the DJI only grew a few points compared to March 2024 peak price, thus giving us a double top. For hype, for political reasons; everywhere the new ATH is advertised and promoted. But for us, this is a bearish development. This isn't either good or bad just as money isn't good or bad, it depends on the use you give it. Think of power; Power isn't good or evil, it depends how you use this power. You can use your power to build, to help others, to share; just as you can use it to destroy. Good or bad depends on us. The higher high hit today is part of what we call an irregular correction. While inflation is "slowing down," a rise of X% is still a rise. Inflation rises because the monetary supply expands. Inflation means the currency is devaluating. Since fiat money is always worth less, you can end up with a higher high (new ATH) rather than a lower high as the correction takes place. If the fiat money value was the same or stronger, we would see a lower high now rather than a new All-Time High, but this changes nothing for traders. For the reporters, knowing this can put you ahead of the game. While yes, it moved up, it is part of a correction which means that soon it will go lower... Knowing this before hand you can also let your people know. Here is the chart: I see it moving lower based on the chart structure, market sentiment and chart signals but things can always change. How you use this information is up to you... Know that... ... ... I love you! Just make sure to be happy, content in your heart with your lifestyle, with your choices, with the daily chores you have to do. If you enjoy every minute of every day... This happiness of the Soul can translate into trading success. We need happiness to welcome abundance. We need a stable mind to trade. Control your mind and achieve all of your goals. Namaste.Shortby AlanSantana131378
US 30 ON TOP US 30 on top of the tend line in h1 last minumim was broken needs to wait retest 39914-39940 zones then SELL will be active Shortby baad6732
US 30 ON TOP US 30 on top of the tend line in h1 last minumim was broken needs to wait retest 39914-39940 zones then SELL will be active Shortby baad6733
Bubble or Brrrrrrrr ?The chart shows the ratio USI:VOLDQ / CBOE:VXN VOLDQ is a measure of NASDAQ breadth in terms of volume. Its the difference between NASDAQ's up and down volume. VXN is the volatility index for the NASDAQ. Bearish case: The ratio is very extended and that historically coincides with significant reversals. Bullish case: If available liquidity is on a tear VOLQ could reach new heights. And if liquidity were to rise even more in the future then VOLDQ has more room to rise. Asset prices tend to rise with liquidity, a byproduct of monetary debasement and quantitative easing (aka Brrrrrrrrrrr) by gb50k1
Remarkable Comeback Nifty but now faces Mid-channel resistance.Nifty recovered handsomely 349.85 points from the low of the day in the last hour against all frantic FII selling. This shows the power of DII and retail investors. Now Nifty faces a tough mid channel resistance 22438 which will take some doing to cross it. If Nifty manages to cross 22438 the next resistances will be at 22496, 22587, 22658, 22730 and 22801. If Nifty is not able to cross the Mid channel resistance the supports will be at 22298, 22215 and 22054. Nifty will be very weak below 22054. Shadow of the candle is looking neutral to negative but if FII jump into action (which unlikely) then frantic upside is possible. Volatility and peak tussle between FII and DII might continue. by Happy_Candles_Investment3
SPY and QQQ Bottom today MOVE to 85 % long calls jan the chart posted is that of the spy it is nearing the end on the first leg down in a wave A and is taking the form of an abc decline into spiral f9 and a high due in the vix cycle 4/15/4/17 put calls have decline well into the cycle and now over bought conditions have as well . I look for a rally to at a min .382 up best of trades Wavetimerby wavetimerUpdated 12
Huge Number of Trading Opportunities Next Week The major trading opportunities next week could be front-loaded, with significant events occurring from Monday to Wednesday. USD Seven Fed officials are scheduled to speak on Monday and Tuesday, followed by the release of the FOMC meeting minutes on Wednesday. AUD The Reserve Bank of Australia will release the minutes from its latest interest rate decision. This should help shed light on how accurate economists' forecasts are for a September rate cut. CAD Canada's inflation data is due on Tuesday, with forecasts predicting a slight decrease to 2.8% from the previous 2.9%. This data could be crucial for assessing the Bank of Canada's next moves. NZD Perhaps the most important event for the NZD is set for late Tuesday when the Reserve Bank of New Zealand is expected to maintain its official cash rate at 5.5%. GBP On Monday, Bank of England Deputy Governor Ben Broadbent will make a public appearance, followed by a speech from Governor Andrew Bailey on Tuesday. Additionally, UK inflation rate data, expected on Wednesday, is anticipated to show a significant drop to 2.7% from 3.2%. by BlackBull_Markets3
CN50 dips continue to attract buyers.CN50USD - 24h expiry Price action has stalled at good support levels and currently trades just above here (12550). Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 12650 will confirm the bullish momentum. The measured move target is 12800. We look to Buy at 12550 (stop at 12450) Our profit targets will be 12800 and 12850 Resistance: 12650 / 12750 / 12800 Support: 12600 / 12550 / 12500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Longby OANDA1
US30 Correction into MOONJust read the bearish divergence as temporary, backed by the US Federal Reserve's careful management of interest rates, US30 to the MOOOOOOOOON! COVID 4 year bull flag to the infinite upside USA USA USA USA LOVE, dysonring2050Longby dysonring20502