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.
As per four parameters Trend = US future -Dollar index-Crude-VIX . Market is likely to open UP today. and with further Upside rally. Gold & Silver are also down today signaling uncertainty fear is getting lower.
Been bullish for the past two week and on these week am looking for the price to head to the down side before we can push back to the upside.
We saw a V-shaped recovery in Friday's trading session, but it came after a considerable downfall throughout the week, so it was hard to trust this recovery. It might be a dead cat bounce or a trap; however, as intraday traders, we must engage in trading regardless of the market's behaviour. Only rule-based traders can thrive in this bearish market.
4/21 @ 7:38 pm EST 1. Beach Levels M 7/8 17500 W 6/8 17500 D 3/8 17187.5 4H 2/8 17187.5 1H 2/8 17187.5 M30 3/8 17109.4 2. Waves Day: OS Selling 4H: OS Selling 1H: OS Buying M30: OB Buying; O OS Buying 3. Channels M- Bullish; Near top W- Bullish; Middle D- Bullish; B/o downside w r/t 4H- Bearish; Bottom 1H- Bearish; Bottom M30- Bearish; Middle heading to top 4....
Hourly and daily trend is still down. Market closed 7 days in red in a row. SPX closed again below 50 DMA. Support is near around 4950 and 5009 is the resistance and swing highs is 5040. Therefore, there are more chance for market have some relief rally tomorrow.
Price is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 38350.42 Why we like it: There is an overlap resistance level which aligns with the 38.3% Fibonacci retracement Stop loss: 38748.42 Why we like it: There is a pullback resistance...
As I've been saying, we really just need a breather after the huge runup in Bitcoin and the altcoins pre-halving and with 7 consequetive up months and Green candles. So it's no surprise April is selling off, and the halving was a 'sell the news' event. It's good news, because all markets need to rest and re-gain their strength to push higher. Watch the video...
Looks like price was bearsh last week the whole we but these week seems to be different noticing that price is on a support areas and for the week am looking for buying opportunities.
Since March 5, HK50 has been ranging between 16122 to 17101. This is mostly due to the lower volume of trade. Last week it looked like we might finally see a break thru between range; however, it still failed to close below 16122 level. This week, overall, I am bearish for HK50. However, watch out for the first day of spike up to grab more liquidity. Once the...
weekly is down daily is down. here we have a 1hr supply nested in a 4h supply. however the market just tapped into daily demand. that's our opposing zone. I would like to see 1h supply entry area hold. also this 1h supply is along side 32.8 fib and weekly resistance to add some more confluence
One more run to take out ur shorts, along with the crypto. Then, everything falls. Let us see. Is not an advice, merely my current thoughts.
We are waiting for a confirmation from the market wether we will continue with the bearish trend or we will break it and create a change of trend which is a bullish trend