US30I waited for price to the high @ 38826.68 or the low @ 38685.83 Price broke the and closed above the higher price with two candlestick. The price is retesting the level and I'll be using a Fibonacci Level tool to go long/bullish.ULongby im_kurt_mkg335
US30I waited for price to the high @ 38826.68 or the low @ 38685.83 Price broke the and closed above the higher price with two candlestick. The price is retesting the level and I'll be using a Fibonacci Level tool to go long/bullish.ULongby im_kurt_mkg0
Nasdaq - We still have to be careful!TVC:NDQ is still retesting resistance after we just saw an expected rally of +75%. More than a decade ago, the Nasdaq entered one of the most profitable and easy to trade patterns: a rising channel formation. In the beginning of 2023 the Nasdaq once again retested the lower support trendline in confluence with a retest of horizontal support and continued its bullrun from there. But currently resistance is ahead so we have to be quite careful and properly monitor price action on the smaller timeframes. Levels to watch: $19.000, $16.000 Keep your long term vision, Philip - BasicTradingShort03:11by basictradingtv2236
Looking for strong Dollar after Unemployment Data, 4hrDollar Index closed very strong last week friday due to positive Unemployment data. The DXY shows to be in an uptrend overall and it was a matter of time that it will buy after the correction it was doing. This week promises another critical data event with the release of the Consumer Price Index (CPI) on Wednesday. This data, followed immediately by the Federal Reserve's interest rate decision, will significantly impact market volatility. The contrasting data releases, with weak ADP data followed by strong Nonfarm Payrolls, have been mixed. While expectations of robust US employment solidified, the rising unemployment rate presents another data point leaving investors uncertain. This week's CPI release could provide some clarity. A higher-than-expected CPI could prompt a cautious statement from the Fed, potentially bolstering the dollar's appeal as a safe haven asset. Conversely, lower-than-expected CPI would ease pressure on the Fed, potentially paving the way for a future rate cut.Longby AnalysisExpert3
Dollar Index - Interest Rates Drop, Dollar Pumps!We are starting to see a shift in market sentiment with 105.184 prime for attack? Question is... when will it occur??Long05:51by LegendSinceUpdated 0
Where will SPX be in 2026 and 2030?This is a very high-level idea that was generated as part of a tradingview chat. We're going to come back to this in 2026 and 2030 and see how things went! Let me know what you thinkLongby novamatic442
US100 short idea Here is nother selling opportunity. Let's see how this one plays out it's quite late and already active but it's still in a low risk zone for sellsUShortby AnthonyAaron2
BANK NIFTY INTRADAY LEVELS FOR 11 JUNE 2024BUY ABOVE - 49910 SL - 49670 TARGETS - 50100,50250,50550 SELL BELOW - 49670 SL - 49910 TARGETS - 49480,49290,49050 NO TRADE ZONE - 49670 to 49910 Previous Day High - 50250 Previous Day Low - 49670 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 support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍by Jagadheesh_JP20
NIFTY INTRADAY LEVELS FOR 11 JUNE 2024BUY ABOVE - 23300 SL - 23230 TARGETS - 23410,23500,23600 SELL BELOW - 23230 SL - 23300 TARGETS - 23150,23080,23000 NO TRADE ZONE - 23230 to 23300 Previous Day High - 23410 Previous Day Low - 23230 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 support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍by Jagadheesh_JP12
longThe JPY did a nice breakout and it now testing the support zone. At this zone we also can find the fib lvl. Jby misternico2
BANKNIFTY : Trading level and Plan 11-Jun-2024Overview Based on the provided chart and key levels, we can devise a trading plan for different opening scenarios: gap up opening, flat opening, and gap down opening. The chart indicates various resistance and support levels which will be crucial for making trading decisions. Key Levels Last Resistance for New High: 50,906.00 Resistance for New High: 50,416.00 - 50,324.00 Important Resistance for Change of Character (ChoCH): 50,051.00 Opening Resistance/Support: 49,879.00 - 49,767.00 Buyers Support at Opening: 49,600.00 - 49,489.00 Best Buying Try Level: 49,191.00 Trading Scenarios 1. Gap Up Opening If the index opens above the previous close, especially around or above the resistance levels: Initial Plan: If the opening is near 50,051.00, observe the price action. If it breaks above this level with strong momentum, look for a long position targeting the next resistance zone 50,324.00 - 50,416.00. Set a stop loss just below 49,879.00. Secondary Plan: If the price fails to sustain above 50,051.00 and shows signs of reversal, consider a short position targeting the support levels at 49,879.00 and 49,767.00. Set a stop loss just above 50,051.00. 2. Flat Opening If the index opens around the previous closing level: Initial Plan: Monitor the price action around 49,687.65. If it sustains above 49,879.00, consider a long position with targets at 50,051.00 and 50,324.00 - 50,416.00. Set a stop loss at 49,600.00. Secondary Plan: If the price breaks below 49,600.00, look for shorting opportunities targeting 49,489.00 and potentially lower towards 49,191.00. Set a stop loss above 49,879.00. 3. Gap Down Opening If the index opens below the previous close, especially near or below the support levels: Initial Plan: If the opening is near 49,489.00 or lower, watch for a reversal signal. If support holds and there is a bullish reversal pattern, consider going long with targets at 49,767.00 and 49,879.00. Set a stop loss below 49,191.00. Secondary Plan: If the price continues to fall below 49,489.00, look for short positions aiming for 49,191.00. Set a stop loss above 49,489.00. Conclusion Gap Up Opening: Look for long opportunities if resistance is broken, short if resistance holds. Flat Opening: Observe price action around key levels for direction, trade accordingly. Gap Down Opening: Seek long positions if support holds, short if it breaks. Disclaimer Trading involves substantial risk and is not suitable for every investor. The strategies mentioned are based on technical analysis and should be used with caution. Always conduct your own research and consider your risk tolerance before making any trading decisions. The above plan is for educational purposes and does not constitute financial advice.Longby LiveTradingBox3
NIFTY : Trading Levels and Plan for 11-Jun-2024 Overview: The chart indicates several key levels and potential market movements for the Nifty 50 index. Based on the chart, the following plan considers various opening scenarios: gap-up, flat, and gap-down openings. Key Levels: Resistance at New High: 23,461 Opening Resistance: 23,299 - 23,283 Possible Opening Support: 23,205 - 23,188 Buyers Support: 23,118 Best Buy Level at Previous BoS (Break of Structure): 22,936 Scenarios: 1. Gap-Up Opening: Opening Above 23,299: Action: If the market opens above 23,299, it might face resistance near 23,461. Plan: Look for a pullback towards the 23,299 - 23,283 range. If support is confirmed here, consider entering a long position targeting 23,461. Place a stop-loss just below 23,283. 2. Flat Opening: Opening Between 23,234 and 23,299: Action: The market might test the immediate resistance at 23,299. Plan: Wait for the price action to either break above 23,299 or pull back to 23,234. If it breaks above 23,299, consider a long position targeting 23,461 with a stop-loss below 23,283. If it pulls back to 23,234 and finds support, consider entering long with a stop-loss just below 23,188 and target 23,299. 3. Gap-Down Opening: Opening Below 23,234: Action: The market might find support at 23,205 - 23,188 or even lower at 23,118. Plan: If the market finds support at 23,205 - 23,188, consider entering a long position targeting 23,234. If the market breaks below 23,188, wait for the next support at 23,118. At 23,118, if support is confirmed, consider entering a long position targeting 23,234 with a stop-loss below 23,118. Opening Around or Below 23,118: Action: Look for a further decline towards the best buy level at 22,936. Plan: If the market falls to 22,936, and there is a confirmation of support, this could be a strong buying opportunity. Enter a long position targeting 23,118 initially, and if this level is surpassed, look for a move towards 23,234. Place a stop-loss just below 22,936. Conclusion: Gap-Up Opening: Target 23,461 after confirming support at 23,299. Flat Opening: Trade within 23,234 - 23,299 range, look for breakouts. Gap-Down Opening: Watch for supports at 23,205, 23,118, and 22,936 for long opportunities. Disclaimer: This trading plan is based on technical analysis and should be used for educational purposes only. Trading in the stock market involves risk, and it's important to do your own research and consider your risk tolerance before making any trades. Always use proper risk management strategies and consult with a financial advisor if necessary. by LiveTradingBox2
Daily market analysis tomorrow 11th JuneDaily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade using price action and other chart techniques. Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. We are doing this only to understand how to read derivative data and perform technical analysis. Strictly for educational purposes only. #nifty50 #banknifty #nifty50prediction #usdinr #optionstradingstrategy #technicalanalysis #tradingforbeginners #niftyprediction #sharemarkettrading #marketpredictiontoday #priceaction #usdinrprediction #niftytechnicalanalysisfortomorrow #tradingchartanalysis #usdinrtradingstrategytomorrow #openinterestShort08:50by littlesubham1
NIFTY DAILY - 10/6/2024Nifty opens with gap up and made All Time High which 23411 but didn’t sustain the upper level and made days that is 23227 level. Nifty gave closing down by -30 points which is around -0.13%. Index has formed a red body candle with long upper shadow which indicates participants were selling from higher level. Currently RSI is trading at 58. Nifty is not able to sustain above 23300 level so, further 23396 will work as resistance level with support of 23007 level. Bank Nifty levels Support – 49547 Resistance – 49974 Today’s Advance Decline ratio of NIFTY50 Advance - 27 Decline - 23 FII Buy + 2572.38 crores DII Buy + 2764.64crores. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂by radha_232
possible surging for dollarI will change the dollar's bearish stage to bullish stage. I see some potential conflict between south korea and north korea , also china vs taiwan since the new president of china is elected now. dollar target is fibonacci's top which is 140. Longby illuminating_tradeUpdated 6633
spx ready to bounce backS&P 500 bounced back on friday. Market volume looked like traders are ready to buy back for 2 weeks. This is very short term target for long. Approx 6-8% higher from now on . Check the target’s chart above. Longby illuminating_tradeUpdated 337
short the marketspx supposed to go upper more but a lot of data shows that inflation will hold the interest rate high for a long. This will effect the market to go back where it came from. I see some massive decline since it used much of power to be bullish. Bearish trend will be created soon. Shortby illuminating_tradeUpdated 114
EGX30 USD Based Vs. EGPWith the EGX30 index showing a promising 1.44% increase in EGP, it's a bit like the Egyptian national football team clinching a spot in the World Cup, driven by Mo Salah's dazzling offense and Shinawy's impenetrable goalkeeping, reminiscent of the mighty Aswan Dam. The difference between the EGX30's actual value in EGP (25,896) and its USD equivalent (25,528) is 368, symbolizing the team's unwavering determination. This percentage increase hints at positive market movement, akin to Egypt's dynamic play on the field. Just as the team's success is underpinned by strong fundamentals, Egypt's economic stability and favorable conditions attract hot money investors, eager for short-term gains but wary of market volatility. Like passionate football fans rallying behind their squad, these investors seek solid returns and a stable environment. If the EGX30 continues to capitalize on Egypt's robust economic policies, favorable interest rates, and a stable political climate, it could mirror the team's winning streak, drawing in capital the way the national team draws in supporters. In this dynamic landscape, the EGX30 stands poised, much like Salah ready to strike, captivating hot money investors with its potential for growth and stability. Long10:27by ICHIMOKUontheNILE3
Weekly Technical Analysis 10/06/2024Start your week by identifying the key price levels and trends. The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex. *KEY Trend direction is set by the slope of the VWAP Trend phase is determined by the current price relative to the VWAP (20) level Support & Resistance are set by the StdDev #2 Lower and Upper respectively. Momentum is determined by the RSI level (70 as overbought and under 30 as oversold). ---------------------------------------------------------- Analysis Germany 40 remains inside a tight sideways consolidation of its broader bullish trend, with the price decreasing to 18,435, now below the VWAP of 18,600. Support and resistance levels have adjusted to 18,379 and 18,820, respectively. The RSI has decreased to 45, indicating a further moderation in upside momentum compared to the previous report. UK 100 remains in the consolidation phase of a bullish trend, with the price decreasing towards the June lows, and still below the VWAP of 8,284. Support has adjusted to 8,134, while resistance has increased to 8,434. The RSI has decreased to 42, reflecting a significant weakening in momentum compared to the previous report. Wall Street has made no major upside or downside progress in the past 3 months - remaining in a neutral consolidation phase, with the price recently decreasing to 38,712, now below the VWAP of 38,925. Support and resistance levels have adjusted to 37,893 and 39,958, respectively. The RSI has slightly decreased to 45, signalling a reduction in bullish momentum compared to the previous report. Brent Crude remains in a bearish trend and continues in an impulsive phase, with the price decreasing to 79.64 and probing the April lows and 75.00, below the VWAP of 81.27. Support has adjusted lower to 77.24, while resistance has increased to 85.30. The RSI has decreased to 41, indicating a strengthening of bearish momentum compared to the previous report. Gold is trading sideways in a neutral consolidation since topping in mid-April, with the price recently sharply falling to 2,291, now below the previous VWAP of 2,352. Support has adjusted higher to 2,272, while resistance has decreased to 2,432. The RSI has decreased to 41 alongside a big bearish engulfing candlestick on the daily chart, indicating new bearish momentum. EUR/USD remains broadly trendless with the price more recently decreasing to 1.0749, now below the VWAP of 1.0846 - and indicating a possible new phase of weakness. Support has adjusted lower to 1.0768, while resistance has increased to 1.0923. The RSI has decreased to 39, indicating a significant increase in bearish pressure compared to the previous report. GBP/USD remains in a bullish trend but has transitioned into a corrective phase, with the price slightly decreasing to 1.2713, now around the VWAP of 1.2738. Support has adjusted higher to 1.2671, and resistance has decreased to 1.2805. The RSI has decreased to 51, indicating a moderation of bullish sentiment compared to the previous report. USD/JPY remains in a bullish trend - although it has still not overcome the late April peak - and has just reentered an impulsive phase, with the price increasing slightly to 157.03, now above the previous VWAP of 156.54. Support has adjusted higher to 155.16, while resistance has increased to 157.92. The RSI has decreased to 55, reflecting a moderation of bullish momentum compared to the previous report. by Spreadex1
Another 7 DTE on SPX opened todayThe legs: -5140 +5130 / -5395 +5405 Jun 11th New position is marked with the yellow lines, atm I still have open an SPX 7 DTE which I have now rolled twice and if price ends up within the confines of the first Iron Condor, that would be a break even trade. New trade details: Premium: $115 Fees: $7.13 Premium - Fees: $107.87 Capital allocated: $892.13 % gain on investment: 12.09%by leongabanUpdated 0
dxy The dollar index is now in the daily rejection block, I expect a correction to at least 104.886 and then rise again to 105.600.Shortby sepidehsky1
DAX**DAX:** This week's forecast is for the price to fall to the bottom of the channel and reverse to test the highs.by simaoxceps0