The bullish sentiment from Tesla's earnings release inflated global market sentiment in Europe and dragged the DAX and other indices higher today. Mostly the German index started the session higher by 0.2%, FTSE 100 by 0.3%, and the French CAC by 0.1%. . In addition to Tesla, Meta, Microsoft and Alphabet are releasing results today. Elsewhere in Europe, Orange in...
US stock indices continued their fightback yesterday. All the majors ended in positive territory with the strongest gains posted by the mid-cap Russell 2000, followed by the tech-heavy NASDAQ 100. Stock index futures rallied further overnight but have since pulled back from their highs. Tesla reported after last night’s close. The stock soared 15% despite missing...
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
I am Willing to Short Immediately as old Support Become Resistance now after making it's double top formation looking forward to hit my tp1 and tp2
Bullish indications: Resistance broken at 38227 Inverted head and shoulder pattern broken. trend line resistance broken. Made a new high possible change of trend. Bullish divergence in 4 hr time frame. Trade plan bias long @ 38247 SL:37953 TP1:38550 TP2:38826
GER40 - 24h expiry Yesterday's Marabuzo is located at 18065. Short term bias has turned positive. Risk/Reward would be poor to call a buy from current levels. The primary trend remains bullish. Preferred trade is to buy on dips. We look to Buy at 18065 (stop at 17965) Our profit targets will be 18315 and 18395 Resistance: 18234 / 18300 / 18400 Support:...
POI areas for today. I'm waiting for price to take liquidity and react to these areas. I shall personally take entries dependent on how price reacts in these zones. If price takes liquidity on the 1m timeframe in any area and shoots towards a POI, then that POI is more then likely invalidated. If price slows down before reaching a POI, then it's more then likely...
We have pushed into that gap and taken the previous weeks low. Only reason I am still considering shorts at the moment is because a discount price has not been achieved yet. Once 8:30 news comes out and more candles print I will give what I will be looking for to turn bullish and what I want to see to remain bearish. Like, follow, comment and if you’re new here...
Good morning. Markets had some beautiful movements yesterday. Monday we took out HOTD from last week Friday. Yesterday we saw that nice expansion with 9:45 news. Highlighted on the chart I have that liquidity void shown. I’m expecting us to reject out of this area and move to create a new lower low on 1 hour timeframe. We are currently inside of the weekly gap we...
Following a successful sell signal at the top of the long-term Channel Up (March 28, see chart below), Dow Jones (DJI) is staging its first attempt to resume the bullish trend: Observing past behavior in similar circumstances often helps at making such projections, so we placed Dow's previous correction in August 2023 (right chart) next to today's. The key...
Based on my previous monthly chart, the trend has bottom at the hidden lines, and now switching to weekly chart, the trends has hit upper resistance. It may be a breakout for HSI to pursue further uptrend if it can maintain above the resistance line. If referring to Daily chart, the price is almost hit MA200, further up will test resistance at 18100.
Here is our detailed technical review for NAS100USD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 17264.3. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 17748.6 level. P.S We determine...
Please, check our technical outlook for SPX. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 4966.93. The above observations make me that the market will inevitably achieve 5113.40 level. P.S We determine oversold/overbought condition with RSI...
US100 is Testing 17700 - Will it lead to a bearish pullback? The price is testing a strong resistance zone near 17700. The GDP data and FOMC during the coming weeks can create enough momentum to push the price down more. 📺You may watch the video for further details📺 Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis...
Price is currently rejecting off the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 38579.76 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 39060.40 Why we like it: There is a pullback...
US100 Near Strong Resistance Areas US100 broke down from and ugly variation of a bearish Head & Shoulders pattern. It is ugly because the price moved up and down for a long time without any clear direction. Despite the strong trend now we can see US100 below the neckline of the pattern showing for further price decline. Considering that the trend is still...
H4 - Bearish trend pattern. Currently it looks like a correction is happening. Until the two strong resistance zones hold my short term view remains bearish here.