"According to what we see, a downtrend structure formed over 3 weeks, where we observe that the institution seeks to buy on Wednesday and Thursday to recover from the declines. These prices, where one can buy, are seen in liquidity zones from previous weeks, months, or even years. Therefore, there is a possibility of taking purchases in this zone, but for it to...
S&P500 is trading inside a narrow Channel Up pattern. As long as the price stays inside, we remain bullish on the index. The ralies inside it have been quite symmetric as well. The MA50 (1d) has been supporting this strong bullish trend since November 03 2023. Trading Plan: 1. Buy as long as the price remains inside the Channel Up. 2. Sell if it breaks below it...
Bullish indications: Trend line resistance break out. resistance break out 39035 bullish engulfer candle while break out. HHHL intact. Flag pattern in 5 min . Trade plan bias long @ 39060 SL:38976 TP1:39152 TP2:39224
Bearish indications: LLLH Support broken Bearish flag pattern. Evening star candle while support break. Trade plan bias short @ 17878 SL:17967 TP1:17777 TP2:17719
Bearish indications: Bearish divergence in 15m and day time frame. Day time frame double top formation. Double top formation in 15 min frame. below the moving average 20. Resistance is respected. Trend line support broken. Bullish indications: Major support is respected. Trade plan bias short @ 17966 SL:18046 TP1:17880 TP2:17809
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Sr. Technical Strategist Michael Boutros (@MBForex) highlights the targets & invalidation levels that matter on the technical charts into the weekly-open.
📈 TASI Share Technical Analysis 📉 🐂 Bullish Momentum: The Tadawul All Share Index (TASI) is currently displaying signs of a potential bull run on the daily timeframe. The market sentiment appears to be favoring the bulls as the price action demonstrates a series of higher highs and higher lows, suggesting a sustained uptrend. 📈🐂 📊 Moving Averages: Two important...
Taken a short scalp on US 30. from 38736.4 to 38711.5 Entry 38736.4 TP 38711.5 SL 38754.9 Nice trade for the day and will let the market do its thing for the remainder of the day. It's Monday so let's start the day well and without over-leveraging like most people tend to do. Daily bias is clear and no need to FORCE YOUR WILL ON THE MARKET Follow your...
This bullish trend has been going on for more than 80 years, during wars the economy grows against the background of money printing and aggressive infusions. I do not believe that the economy can grow honestly against the background of the global crisis. Only linden growth, which will end very, very not fun. Of course, these are just my thoughts and I could be...
Hi guys, For tomorrow Nifty might be come to it's support levels 22250 & 22000, then if open flat then you can trade short till 22250. Nifty not sink with banknifty if both index comes it's support level then possible to go upside direction. Be careful..
Hi guys, Today section nifty closed 500- points down.Maybe it's correction & remove the all retailers whose take long positions. For tomorrow Banknifty support 47000 If Banknifty breaks it's support but not able to break support trendline then tomorrow It's big opportunity to go longs. But trendline & support also breks then go short till 46000. So trade carefully.
The Nas100 index has recently reached the apex of its weekly trendline, exhibiting signs of rejection. This development serves as confirmation to initiate a trade. Take profit (TP) and stop loss (SL) levels have been identified and indicated. It is imperative to adhere to sound risk management practices, ensuring exposure does not exceed one percent of the total portfolio.
In the event of a gap opening above 47400, BANKNIFTY could encounter resistance around the levels of 47515 – 47663, potentially leading to sideways movement. A break below this range could prompt a short trade with a stop-loss order set at 47670, targeting levels between 47204 and 47045. Sustained movement above 47693 might push prices towards 48000 but could...