Hello everyone!
I'm bullish on NAS100, despite the negative figures in January which slowed down the rise of stocks/indices, we still have good results from most companies.
We have Nvidia's earnings report approaching, and it looks very promising!
Technically, I've entered a buy position due to:
- 2 major liquidity uptakes.
- Buy zone created through...
Assuming the current market correction is a scaled down version of the 2000-2009 correction, we likely have one more leg up to complete the pattern. The RSI hit a bottom at the end of the A wave down in 2002 and 2022. Since this time the RSI had been producing higher lows with the exception of one cross in May 2006 and August 2023. This appears to fall in line...
Overview
Observing the current trend and movement of the Nifty index, it is evident that Nifty is showing signs of a bull market. On February 28, there was a period of panic selling that ended at the 21855 level, which is also our trend support level as shown in the linked chart. The Nifty index maintained a sideways movement on Thursday; however, during the...
Take noted the below is not an investment advise, bet at your own risk. I am solely not responsible for any of your loses in money or assets.
The Current Nasdaq Composite price is 13211.81 as of 25 September 2023.
The Nasdaq have potential to drop to 12022.08 to 12000 range in the coming 1.5 months before the Fed's FOMC in November 2023.
The price will hover...
The month of February saw an incredible bull run up to 5110.
The high was created on the 29th of February and as of March 1st, the high has not been broken. There is bearish divergence on D1 and H4.
The upward channel is at the risk of being broken after 2 months.
We have taken a short position at 5104 with a stop loss at 5150 and a reward of 4750.
Good luck!
DAX is approaching its sell zone in the weekly time frame, and due to the filling of the time frame, we can consider the possibility of reacting to this zone.
US 100 day trade result. The high of the previous week was reached. 1/1.4 RR and I pyramided through a "scalp" of 1/2+ RR. For today (Friday) I have no expectations, only some scalping if I have the opportunity
The dollar index has surged strongly following today's release of the German Flash Manufacturing PMI, revealing a contraction in industry expansion with a reading of 42.3. This unexpected downturn not only affects the Euro but also casts implications on GBP pairs. The disappointing figures have sparked concerns among investors, potentially exerting downward...
I want to try this long, in my opinion probable reversal.
The real key regardless of any strategy is to have a decent risk/reward .
You win and you lose , so be cautious.
No financial advice, do your own research.
Hi there!
I'm a buyer on the DOW JONES:
-RMID (Range Manipulation Initiation Distribution)
-We have liquidity uptake.
-We're in an interesting zone.
-We have the optimal Fibonacci.
-We have accumulation before/on the zone.
-We're in the trend.
Let's not forget that we also have good profit results from companies, and we have Nvidia's report coming up, which...
Please, check our technical outlook for DXY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 104.109.
Taking into consideration the structure & trend analysis, I believe that the market will reach 104.976 level soon.
P.S
We determine oversold/overbought...
📈Keep an eye on Nifty Metals Index .
📈On 13th Feb Index has formed hammer candle which indicates trend reversal.
📈Metal index has taken support on trendline as shown into chart and started moving upwards. 📈Index has made triple top and triple bottom pattern on daily chat. We may see bullishness till 8348 level.
📈Stocks to watch into Metal Sector are as...
The market has been trading sideways for a while.
The last price action shows
"It took 160 days to fall 16%, but only 80 days to recover" - which means there is a positive momentum in the market.
Following that, the market is trading sideways, so you can expect to see positive momentum soon.
Due to covid and longer lead times a lot of companies have swollen...
The market has made higher highs, but a divergence in relative strength is seen.
Looking the base count as well, there is a time to cautious, meaning we must scale back our exposure or start taking profits.
On the other side, a weaker market presents the opportunity to identify the leading stocks.
