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...
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...
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...
Price was falling gradually from the starting of this month. It has formed bottom at the zone 37700 and now it has broken the downward trend line. So what next? 38500 is an important zone. If price sustains this level then it can move towards 38580, 38660, 38740 and 38800. On the other hand if 38500 acts as a resistance zone, then price will move towards 38380,...
Last month, everyone was hyped about Nasdaq NASDAQ:NDX and some media stocks like NVidia. we were telling our customers and followers to manage their risk and warned them about market correction. In this analysis, we are using the Wykoff method to define accumulation, mark-up/down, and distribution phases. Our technical view has been shown in the chart. If you...
Since yesterday 22447 to 22481 is again and again blocking the Nifty rally. Only after 22481 is crossed and held we will see the rally continue further. Further resistance will be near 22558, 22612, 22692 or even 22780+. In case the resistance proves strong enough the supports will be found at 22376, 22342 and 22290. If 22290 is broken then further supports will...
The dollar dropped yesterday and was taped to the H4 FVG this morning during the ASIA Session. The daily candle did not close below the Dialy inverted level. A strong move up and H1 close above the inverted FVG are signs that the low of the week was probably created and we could see a potential move. 🟠Rules - No liquidity raid = No trade - Never buy high and...
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...
US stock indices are attempting to halt their declines on Monday after heavy selloffs last week. The US 100, which focuses on the technology sector, dropped over 5% last week, its worst weekly performance since October 2022. The index is down over 8% from the highs at the end of March. Resilient US economic data and geopolitical concerns have pushed investors...
Following a successful sell signal at the top of the long-term Channel Up (March 28, see chart below), Dow Jones (DJI) is staging its first attempt to resume the bullish trend: Observing past behavior in similar circumstances often helps at making such projections, so we placed Dow's previous correction in August 2023 (right chart) next to today's. The key...
Risk-On Sentiment has taken over the markets today despite bad manufacturing and services data.. and it began yesterday on Nasdaq with the Daily candle closing back above the Daily Level 17,164. Other confluences for the increase on Nasdaq include 1) Jerome Powell's hawkish comments on April 16th. 2) Dollar Index 5 minutes chart : Here we can observe the Risk on...
Monthly Expire Closing view for Study - Bullish Closing if closes above 22349 or 22423 Bearish closing if closes below 22325 or 22238 If NIFTY sustain above 22421 or 22425 then 22446 then 22463 to 22471 or 22476 then 22496 strong level above this more bullish If NIFTY sustain below 22400 then 22384 then 22359 to 22349 then 22325 below this bearish then...
I feel the US 30 is showing signs of breaking out of the bearish channel on the back of a divergence in technical indicators. A breakout could lead it towards the 38,000 and 38300 levels. Traders should pay attention to confirmation of a breakout and consider factors such as market sentiment and economic data, as the dollar is now continuing to strengthen
Based on my last post, I was neutral overall but still wanted to see a minor bullish increase upto the old volume imbalance located @ 106.600 which we got. The current market conditions mean that it’s a bit more tricky to guess a bias long term without more market information as all the dollar has done was sweep buyside before sweeping sellside. The outlook on...
US100 Near Strong Resistance Areas US100 broke down from and ugly variation of a bearish Head & Shoulders pattern. It is ugly because the price moved up and down for a long time without any clear direction. Despite the strong trend now we can see US100 below the neckline of the pattern showing for further price decline. Considering that the trend is still...
US30 broke structure and continued on a downtrend giving us a new low (Indication). It is now in a correction phase and watching as price reacts to that area 38400-38500. If we drop and close below 38440, will be looking for entry to sell to the lows at 37300 area.
The S&P 500 Index has been edging lower for nearly a month, accompanied by a rise in volatility. From its all-time highs in late March 2024, the SPX has declined about 5.6%, which begs the question of a rebound. Interestingly, this week, several big names, including Alphabet, Meta Platforms, Microsoft, and Tesla, are reporting their earnings for the first quarter...