Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas...
In April, the markets navigated a sluggish terrain, witnessing pullbacks from the record highs achieved in March for both the S&P 500 and the Dow. Meanwhile, the NASDAQ experienced a marginal dip, bolstered by specific technology stocks. Persistent concerns surrounding inflation lingered, exacerbated by the latest Consumer Price Index data revealing a 3.5% annual...
Pair : Germany 40 Index Description : Completed " 1234 " Impulsive Waves Break of Structure RSI - Divergence Exp FIAT as an Corrective Pattern in Short Time Frame
Dow. Will be bearish below 37763 Stop loss 37783 (20 points ) And bearish Target 1. 37667 and more bearish below 37667 2. 37390 Dow will bullish above 37763 Stop loss 37743 ( 20 points) And bullish Target 1. 38094 And more bullish 38094 2 38204 In whole process 1 and 2 sl can hit but risk reward is very high so we should try Keep simple
After a nervous start and breaking through the previous day's low (17716) and the lower Bouhmidi bands (17678), a relaxation in the form of a reversal towards the range of the previous day is emerging around noon. This is initially a positive sign! The next intraday targets are: If defending the previous day's low: 17761/17863/17996 If falling below the previous...
Nifty current price 22147. Touched 21801 intraday. Unless 21801 is not broken on closing basis, there is a pre election rally which will take Nifty to 23500.
Try conving me that she does not like channels or shop at Chanel ... lol This is what I see We still need to go and test both sides of the yellow channel We are bullish and bearish on various timeframes... This is gonna be fun!!!
The Tadawul All Shares Index (TASI) concluded the previous week with notable performances across its key indices, experiencing a loss of 1.60%. This resulted in an accumulation of 203 points, settling the index at 12,502. Notably, the index has shown rejection from 12,883 which will acts as resistance for the upcoming session for the index. If this resistance...
We were triggered and stopped out but we did fair. DAILY Kept falling and dragging down and tested around the support level, 17070 around here. We have a test candle which shows that our test level was correct. 4H Price is testing again (in correction) so we stay waiting and watching for either the break (impulsively) or the reversal impulsively. This is where we...
DAILY We had the touch we needed, and were triggered in quite early. SL moved and stopped out. The risk entry paid off, the reduced risk also paid off. Low test candle close to our support, it's to add to our current knowledge not direct triggers to take trades. 4H Last 3 bullish candles seem to give headroom to the reversal conversation but till there's more...
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...
The US dollar reached peaks that were never expected until a few years ago. Can the lost credibility of the world's major currencies return one day? The world will probably never be the same as it was before the Russo-Ukrainian war, but a fairer value for currencies does not seem out of reach in the long-term.
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 106.278. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 107.464 level. P.S Overbought describes a...
The road to hyperinflation within 3 years from now. Make sure you have physical gold imo. Just seeing your stocks go up 100.000% might not turn to real purchasing power as you cannot sell it to paper. With Gold you can exchange it for a house or something.
We may see a bounce for nasdaq and we hope ne nasdaq go back to hights
Almost 140 years of #SPX priced in #CrudeOil I'll let you guess where this is heading... #inflation #recession
US30 is in strong bearish trend. As the market is consistently printing new LLs and LHs. currently the market is retracing a bit after last LL, which is 0.618 Fib retracement level. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
FTSE broke its support after what seems like a distribution. Should at least go down to major support for a major correction that is pending