After a Rally from the 4900 levels back to the 5200 a negative momentum divergence started to form in the chart. Still in the positive side, but this could mean a major correction is forming. Let's remember that the previous correction was 5% from the All Time Highs. It all depends if the S/R @5200 is breached or not. If not then the ATH will be left behind for...
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...
USNAS100 New Forecast The price should break the resistance trend which is 18095 to continue the bullish trend till 18250, but otherwise, it should break 18030 and 17990 to start a bearish trend till 17940 and under it 17795 so now will move between 17790 and 18140 till breaking pivot line: 18030 Resistance Price: 18140, 18250, 18480 Support price: 17940,...
Today morning, the Ascension Day of Christ, the IBEX35 has experienced strong movements due to the news of the hostile takeover bid for Sabadell by BBVA and the possibility of a refusal by the government in view of the destruction of competitiveness in the banking market. Spanish government bonds, as well as Irish bonds, have been drawn. At noon De Guindos and...
Often overlooked, TVC:DXY chart is inverely proportional to CRYPTOCAP:BTC price. If TVC:DXY is bearish, CRYPTOCAP:BTC will probably go bullish, and if TVC:DXY goes bullish, CRYPTOCAP:BTC probably goes down. TVC:DXY can work as an indicator of CRYPTOCAP:BTC next moves, or even a good way to find bottoms or tops on Bitcoin. Since a top in TVC:DXY ...
Nifty 50 is currently trading within a Channel. This analysis suggests a short-term or swing trade approach. As the market is currently trending downward, consider using Trend Continuation technic and Fibonacci Retracement for your trading strategy.
Price Action Talking Points Pre-Market JSE Sa mid & large caps: in the short term, it's getting crowded in here. Considering the technical summary below, it is a rarity seeing zero constituents in both the oversold phase and even more so in the high bearish momentum phase. Conversely, the high bullish momentum phase is populated with a remarkable 18 names and...
Price at time of publication: 8380. The index is in a high bullish momentum phase, while trading in an overbought range. Traders should consider this a short to medium term countertrend trade idea where the reward-to-risk is starting to favour sellers. My preference is horizontal trend lines however, it may be worthwhile recognizing the diagonal channels, where...
Our friend Fibonacci is showing up a possible next move for SPX. Actually is ranging exactly on the 1.618 level of the last leg, and usually this level to a retrace till the level 1. There we could probably see a reversal that could lead the price into the resistance area at 5250, but it's probably too early for that
U.S. stock index futures declined on Thursday amid rising Treasury yields, as investors awaited jobless claims data that may clarify the Federal Reserve's interest rate strategy for the coming year. During a week short on significant catalysts, market momentum has somewhat faltered. Investors are seeking new insights into the monetary policy direction, especially...
Price is on an Uptrend and lots of buying activity is taking place, it will likely hit POC before it retraces again.
DE40 chart is showing completion of crab pattern. With the help of crab pattern we have identified the PRZ at which we can observe divergence which is also indication of trend reversal so we can take entry at the break of previous HL.
Market broke the support at 22150 New medium term support at 21500 and 21250 as shown in the chart. Meanwhile as mentioned in the last week specific value stock iam accumulating based on q4 results whenever there is a dip, Plan to purchase in three four parcels. Icici bank Axis bank Manppuram Dr reddys Natco Bajaj Fin serv Bajaj Fin Icici...
Undoubtedly, perfect level to buy nifty @ 22951 no stoploss needed. 22951 & 47097(banknifty) happens to be .78 fib retracement level from 26 oct 2023 - may 2024. Dont b scared to buy @ these levels including nifty & bank nifty heavyweights. Reliance, LT, Indusindbank, TCS, HDFCbank, ICICIbank to name a few.
9th May DXY:Look to break out of consolidation, push up higher to 105.80 (61.8%), could retest trendline, rise to 106.10 NZDUSD: Sell 0.5975 SL 20 TP 40 AUDUSD: Buy 0.6595 SL 30 TP 60 (dxy weakens) USDJPY: Buy 156.25 SL 30 TP 70 GBPUSD: Buy 1.2475 SL 20 TP 60 EURUSD: Sell 1.0720 SL 20 TP 40 USDCHF: Buy 0.91 SL 20 TP 40 (break out of consolidation) USDCAD:...
Nifty 15m idea Key Levels 22100 Importnat Support level Trigger for Trend Reversal - 22186 ( Closing and Opening)
Hello everyone, Dow Jones 4H NEW FORECAST Yesterday, the index price succeeded in resuming the upward attack, taking advantage of the formation of the 38800 level of the neck level of the inverted two-peak pattern, which in turn confirms the dominance of the bullish scenario. We noticed that it achieved some positive goals by reaching about 39100. We would...
SPX500 Wave 4 ( Red Circled) is an expanding flat wave pattern, where wave (B)( blue) could reach 5530 +/- before losing 15.98% +/-