Daily - looks bearish, in need of a small consolidation or pullback. we are near a key area on daily i.e.** 4947.66 - 4980.52** if price holds above this level, we can observe another leg up from here (low probability). if not, then we can expect a small consolidation and then another dump on SPX this week. Origin - bearish. SPX looks bearish here too. but there...
Channel breakout + sustained above 22250. If it remain above 22250 by EOD. There might be good upward move till 22750.
A correction is expected to form up to the specified support area and then a continuation of the uptrend is established. If the index crosses the support range, it will be possible to continue the correction process until the next support range
Considering the reaction of the index in the support range, it is expected that the upward trend will advance to the resistance range and even the resistance levels. After the possible upward wave, the continuation of the downward trend is expected
The market has been cascading since last week and fulfilling all our analyses. On the weekly timeframe, we see that the market closed with a long BEARISH candle and broke the upward trendline with a full candle body. This week, it has opened with a BULLISH candle indicating that there will be some market manipulation and retracement generally. However, there is...
INDEX:DXY My View On DXY For The Next Few Days Seeing That It Was Somehow Following That Little Trendline Channel It Might Go Down For A Third Touch And Then Fly High
On 1 Hour Timeframe, NIFTY trading important levels. Time to wait for either breakout or Breakdown (reversal) for the Nifty. Breakdown Move - Confirmation for breakdown will be if Nifty starts trading and sustain below 22220 level - Downside rally nearly 500 points expected in case of breakdown - Intermediate support expected near 21880- level - Short Trader can...
4/12/2024 we are 10mins away from the 4HR candle closer that I posted about let's see how this turns out.
NAS100 continues to correct, heading to SMA200 on Daily Chart. This is a key support level for this indices. A strong pushback will confirm a reversal
The dollar continues to stabilize above 105.5, suggesting the dollar's price continues to strengthen amid rising political tensions. At the same time strengthen the dollar's position ahead of events.
looks super bullish but in need of a pullback or some chop. interesting, how clean the left side of the chart looks. hindsight always looks so obvious l
Nifty Short, Medium & Long Term View- 22-Apr-24 to 26-Apr-24 Nifty closed at 22147(22519) and touched low & high of 21804 & 22413 Nifty gone down last week. As told last week nifty fell and broke the support provided at 22000/ 21900 and bounced back on last day above the support and settled at 22147. RSI and stochastics levels was down last week(41% & <20%...
The DAX (DE40) has made a bullish reaction off the pivot which has been identified as a pullback support. Could this index potentially bounce higher towards the 1st resistance? Pivot: 17,680.30 1st Support: 17,004.20 1st Resistance: 18,560.76 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with...
Well technically both the candles do not fit the definition of a hammer where the wick has to be double the length of the real body. But the price action is the same. The previous swing is tested. Almost. Now it's time to test the previous high.
My thesis for market cycle top is that SPX is creating a massive ending diagonal since the Covid bottom in 2020. The March 2024 top of 5264.85 has reached the 0.5 fib extension, not exactly the 0.618 extension that I was hoping for. But the EW rules are still intact and the strong downward movement might be signaling that the local top is in. Now the rule for...
Nifty will be gap up opening in today's session. After opening nifty sustain above 22170 level and then possible upside rally up to 22290 level in today's session. in case nifty trades below 22130 level then the downside target can go up to the 22010 level.
Today will be gap up opening in BANKNIFTY. After opening if banknifty sustain above 47550 level then possible upside rally of 400-500 points upto 47950 level & this rally can extend another 400 points if market gives breakout 48050 level in todays session.Any Major downside only expected in case banknifty starts trading below 47450 level to 47050 level.
4/12/24 we created a bullish gap when market opened at 5pm the week before we were in a down trend sell formation. I expect to continue this uptrend for the next 1-2 days or at least 1 4HR candle closer.