NAS 100 TargetsUsing Fibs, Channels, EW, and Full/New Moon Cycles I predict what could be the first target and date then where it could be by the election.Longby TheUniverse618Updated 228
US30 - Watch Buy Zone!US30 is creating a really interesting pattern. We could be in an impulse/diagonal - Both of which follow similar rules. Wave 2 was a clear flat correction = 335, which broke out upwards of 23%! We are seeing a similar correction to wave 2 now. Typically wave 4 retraces atleast to the 38.2 fibonacci level. This is where we'll have our buy zone. We want to see 5 wave move down for subwave C (of wave 4). If all goes according to plan, we can draw an entry trendline using points 2 and 4 of subwave C to catch the 5th move higher. Should be an easy trade! Will update this setup if this gets enough engagement. Goodluck and as always, trade safe!by WicktatorFXUpdated 34
NASDAQ - NDX Critical SituationNASDAQ needs a fresh High above 18908 to negate the Engulfing Bearish Candle! The last engulfing candle drove the market down for two weeks, how about now?by TexasSadr111
Nifty Daily | Trading Range | Key levelsNifty Daily | Trading Range | Key levels 21841/22464/23059 22464 is center point.. for 21841/23059by XDataAnalystUpdated 11
US30 Bias fairly bearish for a short term till we drop back down to 38600 area . follow the arrows for directional market flow . look for sells inside the supply area and hold till we get to 38600 area Shortby KelvinLee2026
S&P500 INDEX: Growth Will Continue! S&P formed a cute cup & handle formation after quite a strong bearish movement on this week. A bullish breakout of the neckline of the pattern is an important sign of strength of the buyers. I think that the Index will keep growing next week. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader114
DJI Double TopI don't use Fibs but was curious if the lines I had drawn will show up and they do nearly perfectly. I don't use fibs, I use my eyes, and well, maybe I'll look at fibs more as they detected/predicted the same levels. I shorted DJI under 40k thursday pre-market and held the short to 39k Looking at DJI as it has no NVDA in it. Here is your double top. Cool CPI gave us a rally, now we're seeing the stagflation symptoms again. Don't think we'll see a third bounce off of the highs around 40k I believe 40k is long gone. S&P and Nasdaq are harder to read because of NVDA. My read is fundamentals first, chart second. There is an explanation for the moves.Shortby decklyndubsUpdated 2
Hellena | DJI (4H): Short to the area of 38566.67.Dear colleagues, I believe that the impulse of the senior wave “1” is not yet over. I assume that the correction is now in priority, so 2 variants of events are possible: 1) formation of lower wave “4” and “5” (39863.75), then correction with the aim to reach the area of 38566.67; 2) The correction will start soon without a new high, but in this case we will have to reconsider the waves. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Shortby Hellena_TradeUpdated 101039
Hellena | SPX500 (4H): Short to 38.2% Fibo lvl 5205.Dear colleagues, I think that the price has either already completed or is about to complete the impulsive movement in wave “1”, so I expect the beginning of correction at least to the area of 38.2% Fibonacci level 5205. It is quite possible that the price will update the high and reach the area of 5375 before starting the correction. Manage your capital correctly and competently! Only enter trades based on reliable patterns!Shortby Hellena_TradeUpdated 242442
Dow Jones Trend Eerily Similar To 1945-1966Going over past bull trends, I believe the current bull trend is in lockstep with the 1945-1966 bull trend. Not the 2000 dot com bull trend. The blue ghost bars is the trend from the 45-66. To me, it is lining up almost like a mirror. IF, this is the case, then the market is in a topping process before a dump down to take out October 2022 low before a major rip higher to continue the trend. I know hindsight is not the same as current price action but it will help me to identify good buying points. It looks like to me that price will return to the 0.68 Fib level after the 2019 crash back to 28,000. From 28,000 to 60,000 will be a 120% gain. In order to continue higher, it must first drop lower to create the orders it will need to fuel the move higher. Longby travis18haneyUpdated 2
Good analysis, good idea, hope it helps youHello, trader. The bearish trend is currently very strong for DOW JONES - MINI DJ30 FULL0624. As long as the price remains below the resistance at 39,463 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 38,537 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 37,991 USD as an objective. Crossing it would then enable sellers to target 36,795 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend. MY OPINION BEARISH UNDER 39,463 USD MY TARGETS USD 38,537 (-1.56%) 37,991 USD (-2.95%) Happy trade by Joe-ChigoraUpdated 4
GER40 the trend is still Bullish**Monthly Chart** Last month candle dropped lower after creating a record high around 18568.8 level. This drop was due to a large selloff around the record high. However, this month the price continued higher and created a new record high just shy of 19000 level which indicates continues of the bullish long-term directional bias. **Weekly Chart** Last two weeks candles closed as dojis which shows a loss of momentum around the high. It will require a large liquidity to push the price higher. Therefore, any retracement or correction will encourage buyers to continue the move. **Daily Chart** There are two scenarios on the daily chart, GER40 price might continue higher without retracements and bush higher before changing the trend or the price will have a deeper retracement and then bush higher and grap the liquidity that formed above the new record high. Either way, I am only interested in buying the retracement. The direction is still bullish and there is no indication yet to move lower.Longby PropSignals2
INSTINCT VS IMPULSEINSTINCT VS IMPULSE An instinctive trader vs an impulsive trader. You have to be consistent and persistent. A proactive trader listens to his guts before acting. An impulsive trader reacts to his/her emotions rather than instincts and chases the market which ultimately leads to more losses. It is important to set aside our emotions when trading and accept losses when our Stop Loss is hit as A LESSON AND NOT REALLY A LOSS. This is because, you have the opportunity to review the events that led to the loss (the lesson), and you save your funds/equity (which the SL is designed for). On the other hand, when you're impulsive and react based on emotions, you're bound to jump back into the market without thinking or planning (instead of being prepared and waiting for the market to come to you). This will lead ultimately to uncontrolled losses which impact on your account and in most cases wipe out your equity. Goodluck!Educationby Xt-force2
Nifty - Expiry Ending 30th May 2025Nifty closed above the channel mid line last week. Hence, unless it falls below this middle line, I won't go short. I will wait for a retracement and go long till the channel top. Again, to remind that I won't take any trade if Nifty doesn't work as per my analysis. Thank you! ------------------------------------------------------- INSIGHTS: ------------------------------------------------------- As usual, I will keep sharing my insights which are based on my personal experience in trading. 1. Please stop watching foreign markets, it won't help but will corrupt your viewpoint and ultimately you will either lose an opportunity or make a loss. 2. Market will not keep taking SL again and again, it has to decide a trend after some time. But if it takes 2-3 SL, just stop and wait for another opportunity. 3. In case you have 2-3 SL hits, immediately stop looking at market, leave your computer, watch some movies or go some place with family or do any other leisure activities, but just get the market out of your head, believe me it helps a lot. 4. If there is a SL, DO NOT THINK TWICE, JUST EXIT, IT IS JUST 20-30 POINTS, you will be getting 100 - 300 points in another trade if you simply take SL this time without thinking twice. But if you show ego to market or think that let me watch for some time, you will definitely regret it. Sometimes you may be right, but that will be just pure luck and gambling. 5. Trade with long term view point, even if you are initiating an intraday, have a weekly viewpoint, so that you will have conviction to either carry forward or just exit if you are not convinced. Longby nkspro3
US30 (Technical and Geopolitical Weekly Analysis)Technical and Geopolitical Analysis: The previous weekly chart indicated a strong upward movement, but the market is now poised to react to geopolitical pressures, particularly the tensions between China and Taiwan, expected to intensify this week and continue into next month. Technical Analysis: Bullish Scenario: If the price stabilizes above 38,700, it is likely to move between 38,700 and 40,050. Any sustained stability above 40,005 will signal a continuation of the bullish trend, potentially reaching 40,970. A retest at 40,005 could occur before the bullish trend resumes. Bearish Scenario: The bearish trend will be confirmed if the price closes below 38,700 on at least the daily chart, targeting 37,990. The next significant support level is 36,460, which is strong support for this year. Key Levels: Pivot Line: 38,700 Resistance Prices: 39,500, 40,005, 40,970 Support Prices: 38,300, 37,990, 36,460 The expected trading range will be between the support at 37,990 and the resistance at 40,050.Shortby SroshMayi3
DXY Index 20 May 2024DXY Index Analysis Week - 20 May 2024 Daily - Range Cloud (D) - Within Cloud Weekly - Range Cloud (W) - Above Cloud Mid Term - Range _________________________________________________________________________________ Apr/May Central Bank meeting: ECB - Neutral BOJ - Dovish FED - Neutral BOE - Bearish Vote, Neutral Fwd Guidance / Mixed RBA - Neutral / Mixed BOC - Neutral (Refer USD for Direction) _________________________________________________________________________________ Comments Staying neutral while waiting for new price development _________________________________________________________________________________ Risk Disclaimer All information provided is based on my personal experience and it does not ensure future profits. This is NOT a trade recommendation for you to copy. If you decide to act upon the posted information, the trade decision is taken at your own risks. Any advice given is deemed to be GENERAL advice. This information or advice given does not take into account your full objectives, current financial situation or needs. Therefore, you should consider the appropriateness of the advice before you act further. The trading of stocks, futures, options, spread betting, spread trading and CFD trading and any other leveraged trading activity involves risk. You should not trade with money you can’t afford to lose. Be honest with yourself. Thank You for browsing here. I wish you the best of luck and hope you make a fortune. Just make sure you do it over time and don’t try to make your millions in a week or day. by TY-TradingUpdated 2
The correction down for SPX500USD has startedHi traders, Last week SPX500USD went up a little more but dropped on Thursday just like I've said in the outlook last week. So now the correction has started we have to wait for the finish of it. Trade idea: Wait for the finish of a correction down to trade longs. If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! Eduwaveby EduwaveTrading2
Dollar Index: Price Action Favouring Bears The US dollar is poised to end the month lower against a basket of six major currencies. According to the US Dollar Index, the greenback is down -1.5% in May and on track to snap a four-month winning streak. Technically speaking, the monthly timeframe presents little to work with this week (well, anything within touching distance that is). The 107.35 October 2023 peak remains a possible resistance, shadowed closely by another resistance level at 109.33 and a 100% projection ratio at 108.48. Below, support is at 99.67, accompanied by a 50-month simple moving average (SMA) at 99.53 and a moderate Fibonacci cluster from 98.72. 200-Day SMA Offers Logical Downside Target Meanwhile, on the daily timeframe, Friday finished considerably lower after bumping heads with resistance at 105.04 and the 50-day SMA at 104.98. With the scope to explore deeper waters from here on the monthly scale, the 200-day SMA calls for attention as a logical downside support target of around 104.39. A break south of here unearths 103.62 support. Further supporting bearish flow is the inability of the Relative Strength Index (RSI) to find acceptance north of the 50.00 centreline last week (though it is worth bearing in mind that the RSI has maintained a position above the 50.00 centreline since 2022 on the monthly chart). Looking ahead, the daily chart shows early signs of a downtrend (series of lower lows and lower highs), with Friday's reaction to the underside of resistance suggesting that dollar bears may maintain control, at least until the 200-day SMA. This dynamic value will be a crucial test for bears, considering the previous reaction observed in mid-May. Short-term action on the H1 chart concluded the week sandwiched between ascending support, extended from the low of 104.39, and trendline support-turned potential resistance, drawn from the low of 104.08. Overhead, resistance calls for attention at 104.84 and 105.04 (daily resistance); lower, eyes might be drawn toward a moderate Fibonacci cluster from 104.47, plotted just north of the 200-day SMA. This Week’s Direction? Coupled with the monthly chart displaying limited support and Friday acknowledging daily resistance around 105.04 (accompanied by the current downtrend and the RSI shaking hands with the lower side of 50.00), this is a sellers’ market for the time being and price action on the H1 timeframe could defend the underside of the breached trendline support and push through H1 ascending support in the direction of the Fibonacci cluster at 104.47. However, were current trendline resistance to cede ground, H1 resistance at 104.80 could be the next port of call for sellers this week. Shortby FPMarkets5
DXY Weekly outlook May 26 2024DXY Weekly, Daily, and H4 Chart Analysis Weekly Bias: Bearish Market Structure Shift (W-MSS): Confirmed two weeks ago, signaling a bearish trend. iFVG-W: Last week, price tested and closed below the inverse Fair Value Gap on the weekly timeframe (iFVG-W), reinforcing the bearish outlook. Target Level (DOL): 103.921, where the Weekly Fair Value Gap (W-FVG) and Weekly Swing Low (W-SSL) converge. Confirmation Needed: Watch for a Bearish Market Structure Shift on the H4 timeframe (H4 Bearish-MSS) to confirm the bearish bias. Daily Bias: Bearish D-FVG-CE: On the daily chart, price has closed below the current Daily Fair Value Gap (D-FVG-CE). D-LRLR & D-SSL: Daily Low Resistance Liquidity Run (D-LRLR) is aligned with the Daily Swing Low (D-SSL) and the Weekly Swing Low (W-SSL), indicating a target for low resistance liquidity. Expectations: In the upcoming week, anticipate a move towards these lower levels, seeking liquidity. H4 Bias: Bearish H4-FVG: On the H4 chart, a Fair Value Gap (H4-FVG) has formed after rejecting from the weekly inverse Fair Value Gap (W-iFVG). Key Level: 104.998 - 104.913 (H4-FVG). Bearish Confirmation: If price moves upward and then rejects from the H4-FVG level, this will confirm the bearish bias. This will be an ideal point (H4-POI) to enter short positions targeting 104.009. Key Levels: Resistance: Recent iFVG-W (Weekly), H4-FVG (104.998 - 104.913). Support/Target: 103.921 (W-FVG and W-SSL), 104.009 (H4 target). In summary, the DXY shows a bearish bias across weekly, daily, and H4 timeframes. Watch for price movements towards 103.921 on the weekly and daily charts, with confirmation from a rejection at the H4-FVG level (104.998 - 104.913) to solidify the bearish trend and target 104.009. Shortby Trader_PKR1
Nasdaq Not Over Yet !Hi mates sharing a long view on Nasdaq as price break resistance (18350) and sustaining very well above and by the today's candle price breached the high of breakout candle too which is a good sign for resistance breakout so from here onwards i am looking some more upside movement in coming sessions friends. Traget meausured from the swing high to swing low made before this breakout and by the rising resistance line too and it seems logical too me. Breakout retest- So as we can see that a proper breakout retest not happened so far after breakout which could provide the best entry as we can minimize our risk in any of trade by these type of retest entries as price earlier retested too it's breakout mentioned on provided chart, Rest i will update idea accordingly whenever needed and good to share anything about this publication. This idea is meant for only educational purpose this not any kind of trading or investment advice. Best Regards- Amit ULongby AMIT-RAJANUpdated 3331
DXY STRUCTURE I know DXY is showing clear signs that it is ready for a buy but without these confirmations, there will be no buys I usually say I'm not here to change your trading style or belittle your trading system I'm here as your market structure analyst, do well to like share and follow.by Dr_Trade12
SPX Is Going Down! Sell! Here is our detailed technical review for SPX. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 5,304.15. Taking into consideration the structure & trend analysis, I believe that the market will reach 5,178.42 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider112