long run at eurostoxx50Long run at eurostoxx 50, 555 pips up. im betting on this run apart of we being in a bull market and my indicator have a hidden divergence input in it, settings until Octobre or November of this year, lets see if it gets there Day Candles setting for the next Half yearLongby Carlosdrcunha0
2024-06-03 - a daily price action after hour update - daxGood Evening and I hope you are well. overall market comment Indexes could not stay at the highs and bears showed some strength by closing the gaps we left behind on Friday. SP500 and nasdaq rallied into the close on weak volume but bulls nevertheless also showed strength and for the day we mostly moved sideways. Both sides have reasonable buying/selling pressure and arguments on their side. That’s why we can expect more sideways price action. dax comment: Big Globex gap up, big down, big up, big down and then dax did not rally as hard as sp500 and nasdaq did. Market was formed a triangle on the 1h tf and we have tested Friday’s breakout price 18590. Since we are at the lower third of the range and it’s clearly trading range price action, r:r is on the bull side for at least 18700 again. So either the triangle plays out and we move more sideways or we break above for 18800 or higher. current market cycle: Trading range key levels: 18400 - 18750 bull case: Bulls see the low today as a retest and market is now free to pump again. The gap to 18655 closing price will probably be closed overnight and then bulls will probably retest 18700 or higher next. Invalidation is below 18470. bear case: Bears surprised the bulls with 2 strong legs down today. The breakout above 18720 looked decent and trapped many bulls buying high in a trading range. Bears could not touch last week’s closing price 18531, which is a sign of weakness. They closed below the daily and the 1h ema, which strengthens their case but given that it’s a clear trading range, not many bears want to sell below 18600. Invalidation is above 18750. short term: Up for 18700 and maybe higher. Play the range until clear breakout medium-long term: My long term outlook stays bearish and I expect at least a -20% correction in 2024. Medium term is 17100 while I think we can touch the big bull trend line starting 2022-10 around 16700 in 2024. —unchanged current swing trade: None trade of the day: Selling the double top bar 28 + 54 one tick below bar 54. Was good for 160 points. My room caught a 100+ banger to the downside. Longby priceactiontds0
Chart Idea - DXYDXY weekly chart looks too bullish which is very bad to the markets. Looking for short swing positions on QQQ and ES. DXY probably looking to hit 107+ range before retracing it back in next few weeks.Longby smwajeehUpdated 0
Possible Elliot Wave Setup I've been short indices recently but we're into major supports now. I have my stops trailed tight and some longs from a little under 5200. We possibly have a bearish Elliot setup here. If so, we have an implied strong bull trap and then we have a good short setup. Ideally the best play here is make a bit of money in the long and use it to bankroll the short attempt. Will update if we fill short area. Long bias above 5180. by holeyprofitUpdated 8822
Reaching All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.Longby THE_APIS_TRADER1
Macro Monday 49~Ireland – The Fastest Growing Economy in the EUMacro Monday 49 Ireland – The Fastest Growing Economy in the EU According to forecasts by the European Commission the European Union is set to grow by a humble 1.7% in 2024 however Ireland is the country which is forecasted to grow the most with an annual growth rate of 5% expected for 2024. In Q1 2024, Ireland recorded a 1.1% increase compared to the previous quarter, indicating significantly strong economic performance against its closest peers at 0.8% by the likes of Hungary, Latvia and Lithuania. For the 2023 year the top three European countries for GDP per capita (average economic value of the productivity of each person) were; 1. Luxembourg €143,304 2. Ireland €137,638 3. Switzerland €89,537 I might note briefly that the above figures change for REAL GDP which factors in inflation or changes in the price levels. It accounts for the impact of rising or falling prices on economic output. The real GDP figures for Luxembourg and Ireland are €76,176 and €67,149, respectively. The average real GDP for the EU is €31,740, placing Luxembourg 240% above the average and placing Ireland at 112% above the average, respectively. Real GDP figures highlight both countries as being well above the EU average. Irelands Largest Exports Ireland’s largest export in 2023 was pharmaceuticals, which accounted for 34.2% of the country’s total exports. The top export products included blood fractions including antisera, heterocyclic's and nucleic acids, medication mixes in dosage, hormones including miscellaneous steroids, and electro-medical equipment. These major exports represented 54.5% of Ireland’s overall export sales. The United States was the largest single goods export market for Ireland, accounting for a significant portion of the exports. The pharmaceutical sector, particularly, places Ireland among the world leaders for exporting blood fractions including antisera, and the country is also a major competitor in selling medical, surgical, or veterinary instruments on international markets. The Best Performing Stocks In Ireland The best performing stocks in Ireland for the year 2023 were led by Ryanair, with an impressive share price movement of 51%. Other top performers included Cairn Homes with 47%, Kingspan with 43%, Glenveagh Properties with 33%, and Glanbia with 31%. These companies showed significant growth and were among the most successful in the Irish market according to the data from Euronext Dublin based on the period from January to December 2023. For the past 12 months leading up to May 2024, the best performing Irish stock was Adventus Mining (ADVZF) with a total return of 35.90%, followed by AIB Group (AIBGY) and Bank of Ireland Group (BKRIF). These stocks have shown resilience and growth, reflecting positive investor sentiment and strong market performance. The Irish Stock Exchange - EURONEXT:ISEQ The Irish stock market is called Euronext Dublin, formerly known as the Irish Stock Exchange (ISE). It has been in existence since 1793 and is Ireland’s main stock exchange. As for the equivalent of the S&P 500 in Ireland, there isn’t a direct counterpart that matches the scale and scope of the S&P 500. However, the closest equivalent in terms of a benchmark index for the Irish market would be the ISEQ All Share Index which has between 20 and 25 Irish based stocks in the index. The ISEQ tracks the performance of all companies listed on Euronext Dublin, making it a broad-based indicator of the overall Irish stock market performance. Here are the weightings (expressed as percentages) of the top components in the ISEQ All-Share Index as of March 30, 2024: 1. Ryanair Holdings PLC: Consumer Discretionary sector - 23.96% 2.Kingspan Group PLC: Industrials sector - 15.58% 3.Kerry Group PLC: Consumer Staples sector - 13.81% 4.AIB Group PLC: Financials sector - 12.31% 5.Smurfit Kappa Group PLC: Industrials sector - 11.03% Let’s have a look at the ISEQ All Share Index Chart: With Irelands economy firmly in growth mode and with most economist anticipating it to be the fastest growing economy in the EU for 2024, we can assume we will have some wind at our backs in entering a trade on the ISEQ all share index (no guarantees). ◻️ The chart demonstrates a pattern whereby the months of August since 2021 have not been good months however are followed by the ISEQ making lows in October, thereafter rallying into longer term bull periods. A pattern we could potentially take advantage of going forward. A sort of “Halloween Effect” in the Irish Economy, a term used to describe how markets in general perform well during the Halloween period to Christmas. ◻️ The chart speculates at a similar pattern this year for an August retraction followed by October continuation. ◻️ Entries in during these months should guided by the 200 Day SMA (blue line on the chart). Ideally you would want to be above this line or wait until we get above it or bounce from it (at present we are above it so we await a bounce for entry). You could place stops just below this moving average also having entered the trade. With the Irish stock market index looking great and economists hailing a year of growth, lets pick out one individual stock we could take advantage of with an impressive looking chart set up. Glanbia Plc - GETTEX:GL9 Glanbia plc is an Irish global nutrition group with operations in 32 countries. It has a 2.2% allocation in the ISEQ All Share Index and is one of Ireland’s key players in the agri-food and nutrition industry. They handle dairy and grain processing, contributing to a €2 billion industry. You might recognize their popular brands like Avonmore, Kilmeaden, and GAIN Animal Nutrition. Glanbia Ireland plays a vital role in processing milk and creating various products for both local and global markets. Glanbia’s products are sold or distributed in over 130 countries. This company utilizes one of Irelands greatest products, milk from the cows that feed on the greenest pastures the world has to offer, and distributes this goodness around the globe. The unique product offering is matched by an impressive chart: ◻️ The chart has a long term cup and handle pattern and great Risk: Reward set up as illustrated. We are well above the 200 day moving average (blue line on the chart) and appear to be breaking higher. This was one of the better charts I could find in Irelands top 20 stocks that are in the ISEQ All Share, however, Ryan Air appears to be bouncing off a strong resistance level at present having broken to new highs and is worth a review. I will skip it for now. Pfizor is the Largest Pharma Company in Ireland Interestingly, Pfizer is the largest pharmaceutical company in Ireland. They have a significant presence in the country, with seven locations across four counties and employing more than 3,300 people. Pfizer was one of the first pharmaceutical companies to establish operations in Ireland, setting up in 1969. Their work in Ireland includes research and development (R&D), manufacturing, shared services, treasury, and commercial operations. Over the years, Pfizer has invested more than $7 billion in its Irish operations, demonstrating its commitment to the country’s pharmaceutical sector In 2022, Ireland was the world’s biggest exporter of vaccines, blood, antisera, toxins and cultures, with exports valued at $47.3 billion. This sector plays a significant role in Ireland’s economy, contributing to its position as a leading exporter in the pharmaceutical industry globally. I’m not covering the chart for Pfizer but I thought this was an interesting edge in the Irish marketplace. Whilst Pfizer operates in Ireland, I cannot find it included in the ISEQ All Shares Index therefore holds multinational status operating within the country but not as an Irish entity. An important Note on Irelands GDP Irelands GDP figures have been highly contested by economists and investigative journalists for a host of reasons some of which are outlined below. These arguments hold weight and should be considered whilst factoring in an assessment of Irelands Economy: 1. Measurement Issues: Ireland's GDP figures have been influenced by multinational corporations (MNCs) that use Ireland as a base for various financial activities, leading to concerns about the accuracy of these figures. The presence of MNCs can distort GDP calculations due to factors such as transfer pricing, intellectual property rights, and other financial engineering techniques. 2. Distortion from Corporate Re-domiciliation: The phenomenon of corporate re-domiciliation involves companies relocating their legal headquarters to Ireland without significant physical operations in the country. This can artificially inflate Ireland's GDP figures without necessarily reflecting real economic activity within its borders. 3. Lack of Convergence with Other Economic Indicators: There have been concerns that Ireland's reported GDP growth does not align with other indicators such as employment levels or wage growth, prompting skepticism about the accuracy of the reported figures. 4. Impact of Statistical Adjustments: The calculation methods used in determining GDP can lead to statistical adjustments that may not fully capture economic reality or provide an accurate representation of domestic production and income. 5. Potential Policy Implications: The contested nature of Ireland's GDP figures has implications for economic policy decisions based on this data, potentially leading to misinformed policy choices if the underlying economic reality is not adequately captured. Finally, it is clear that Irelands economy is in growth mode and could present some good opportunities for investment. Ireland is also of major importance to the EU as one of the only native English speaking nations remaining in the EU (since the UK exit - Brexit). One could expect Ireland to receive special consideration and attention from the EU for a host of reasons moving forward, good and bad. A small powerhouse country on the fringes of Europe that has a powerful economic punch to it, an educated and versatile workforce, and positionally is of geographical importance. This small island country has diversified itself as global leader in agriculture, pharma and manufacturing, and also acts as a host country for a range of tech giants. The future is bright for this little island nation however one wonders, would it be better off as a standalone economy outside the Euro Area, like Norway and Switzerland. For now it remains one of the 20 countries in the Euro Currency Area and of vital importance to the EU. One could describe Ireland as being at the helm of Eurozone's current trajectory, and with that, there is great risk and great promise. A nation in the balance. All these charts are available on my Tradingview Page and you can go to them at any stage over the next few years press play and you'll get the chart updated with the easy visual guide to see how Ireland's stock market has performed. I hope its helpful. PUKA Editors' picksILongby PukaCharts4487
Bullish DXYMonthly: 1. Direction: Bullish 2. Reasons: 1. Price is coming to discount. 2. A good Displacement Weekly: 1. Direction: Bullish 2. Reasons: 1. Price is reaching towards weekly FVG 2. No FVG formed in bearish move 3. Price is moving from ERL to IRL Daily: 1. Direction: Bullish 2. Reasons: 1. Price is going for weekly FVG 2. Price is coming in discount area 4H: 1. Direction: Bearish 2. Reasons: 1. FVG 2. BOS with displacement Longby tradermebiali3
CN50 to turnaround?CN50USD - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 12400. Momentum is flat, highlighting the lack of clear direction. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 12500 will confirm the bullish momentum. The measured move target is 12600. We look to Buy at 12400 (stop at 12340) Our profit targets will be 12550 and 12600 Resistance: 12500 / 12600 / 12650 Support: 12400 / 12300 / 1250 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed. Longby OANDA3
The TradingView Show: Charting Markets with TradeStationHello to all global traders! We're live with David Russell, TradeStation's Global Head of Markets giving us an inside look at the most important moves in markets. He’s the expert behind the research and analysis from TradeStation’s official TradingView account. Follow them here: www.tradingview.com In this show, we examine the most important charts, interesting trades, and offer valuable education for all traders. What’s on David’s radar? The Fed, inflation, the upcoming Apple iPhone, the big money shifts moving from energy to tech, and other areas to watch including homebuilders and more. We look forward to connecting with traders worldwide. Share your questions in the comments, contribute your insights, and don’t forget to subscribe for more shows on TradingView with our partners, influencers, sponsors, and global community. Thanks for watching! This show is for educational and entertainment purposes only, not financial advice. Markets require hard work and dedication, so stay informed and keep learning. Look first, then leap! - TradingView Important disclaimers for ETFs: www.tradestation.com Important disclaimers for options: www.theocc.com All other important disclaimers: www.tradestation.comEditors' picks53:49by TradingView55306
FTSE 100 - index prepares for bumper run to 10kThis is a macro outlook into late 2024. On the above 3-month chart price action has been trading under resistance since 1999. A significant development has now occurred. That resistance after 22 years has confirmed as support. Isn’t there a recession coming? Since the UK imposed economic sanctions on itself in 2016 (A world first believe?) there is a growing realisation that extended dependancy on external resources will mean accepting higher and higher costs for everyday goods and services. Much like the US, the UK is about to enter a period of internal investment as it seeks to rediscover why protectionism does not work. You would think with so many history graduates in parliament.. The Macro outlook for the FTSE 100 is fascinating. Many many stocks are oversold in the FTSE 100. Not all. But a great many are with little to no ideas published on them. Identifying this trend a couple of years ago, the ideas on Rolls Royce and Centrica were published (attached below), now up 100 and 200%, respectively. However you will notice such performance does not apply equally across the index. My belief or rather hours of study informs us selecting the correct stocks will outperform over the next 2 to 3 years. Already have begun to identify them. The TA.. On the chart we have: 1) Macro higher lows forming an ascending triangle. 2) Price action printed the first macro higher high in October 2017. 3) Inverse head & shoulders pattern with confirmation and 10k target. 4) The 3-month hammer candle. 10 days until it closes. IF it closes as is, it will be the shot that starts the race. Is it possible the index corrects and crashes as everyone suggests? Sure. Is it probable? No. Ww Type: Investment Risk: 30-40% exposure, you don’t want to sit this one out. Timeframe: Long between now and end of year. Return: 30%Longby without_worriesUpdated 6
Daily Analysis - The Modern Day TraderSpotlight Pair: EURUSD Short - Daily Run of TIme based liquidity (May monthly high) - 4H/1H Market Maker Model pending the reversal structure which we could see early in the next London session - I'll be waiting for a M15 Market structure shift to short this pair, Trade Safe! - The Modern Day TraderShort13:23by Sam_Mfeka0
Dollar LongI expect dollar strength coming in the the area highlighted but if we see further dollar weakness I prefer nzdusd longs. We need a risk event catalyst to take this trade to the long side. If we see unemployment rising then that could be a green light for dollar strength. Until AUDJPY, NZDUSD, GBPJPY, Nasdaq 100, and Silver is on my watch list. Have a great week! :)Longby Vitezabraham2
BANK NIFTY INTRADAY LEVELS FOR 04 JUNE 2024BUY ABOVE - 51100 SL - 50950 TARGETS - 51300,51500,51700 SELL BELOW - 50730 SL - 50950 TARGETS - 50590,50330,50130 NO TRADE ZONE - 50730 to 51100 Previous Day High - 51100 Previous Day Low - 50130 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_JP3319
NIFTY INTRADAY LEVELS FOR 04 JUNE 2024BUY ABOVE - 23340 SL - 23270 TARGETS - 23400,23500,23600 SELL BELOW - 23200 SL - 23270 TARGETS - 23100,23000,22900 NO TRADE ZONE - 23200 to 23340 Previous Day High - 23340 Previous Day Low - 23100 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_JP2218
DXY AT MAJOR LEVEL ON DAILY DXY has completed AB=CD, currently at retracement level of 61.8% of CD leg.by Theforexrun0
BANKNIFTY Trading Plan for June 4, 2024 Market Overview: With the election vote counting in progress, Tuesday’s session for BANKNIFTY is expected to be highly volatile. Below are the trading levels and strategies based on different opening scenarios: Gap Up Opening: Action: If prices open and sustain above 21,400, consider a buying trade. Target: 21,700 – 21,754, with potential resistance near 21,800 and subsequent movement towards 22,200. Support Levels: If not sustained, prices may find support at 21,094. Further Movement: Below 21,090, prices might trade towards 20,784 - 20,680. Flat Opening: Scenario: If prices open flat. Price Movement: Expect trading between 21,094 – 20,784 - 20,680. Upside Move: Sustaining above 21,094 can lead to an upside towards 21,371 – 21,754. Support Levels: Below 20,650, the next support level is 20,350. Consider short trades only if results deviate from exit polls and trade below 20,300. Gap Down Opening: Action: If prices open below 20,500. Support Levels: Prices might find support at 20,350 and can trade higher towards 20,800 – 21,000 – 21,371. Downside Risk: Trading below 20,300 could lead to a drop towards 20,031 – 19,851. Conclusion and Disclaimer: Traders are advised to either avoid trading in this highly volatile session or trade with close attention to election results. Profit booking might occur towards the session end, even if outcomes match exit polls. Exercise caution and maintain strict stop-loss levels to manage risk effectively. General Disclaimer: This trading plan is for educational purposes and should not be considered financial advice. Market conditions can change rapidly, especially during volatile periods such as election result announcements. Always perform your own analysis and consult with a professional financial advisor before making trading decisions. Trading in financial markets involves substantial risk and may not be suitable for all investors.Longby LiveTradingBox111