The chart shows the Dow Jones Industrial Average index on a 1-hour timeframe. A recent strong bearish movement can be observed, with consolidation following a sideways range. The red zone indicates the potential range for a short (sell) trade at the 38,818 level, while the green area represents the potential downside target around 37,258 points. Therefore, the...
Using history and other TA I clearly show that we are about to have another leg up on the stock market with the SPX reaching around 5500.
1. 2022 $MMTW/ AMEX:SPY 2023 $MMTW/ AMEX:SPY 2024 $MMTW/ AMEX:SPY
Dollar Strength = Stock bears 50 % retracement zone also agrees with US30.
Elliot's wave count confirms directs with Moving average serving as resistance for bears. USD strength means stock bearish
KSE100 Time Cycle from January to January and May to May
Bearish Flag on S&P (340 Points possible!) Resistance at 5150/5170. It's 0.618 Fib Retracement from 1st April highs. A perfect ratio for a flag. TDI is at 51 level. It's movement below the MA (yellow) and the trendline will confirm the downside momentum. SL over Resistance level at 5170/5175 or opt. over the 0.786 Fib level at ca. 5210. Target at the 0.382 Fib...
1) Broadening Wedge pattern stpotted 2) Broken support. Previous support potentially will be the new resistance. 3) Next support level = 104 4) breaking below 104 is going to take us back down to 103 support level.
Hello traders on the chart, this is what I'm seeing on the DXY(DOLLARINDEX). The DXY is on the zone of strong support based on technical and fundamentals also suggest a further push to the upside in the subsequent weeks. I'm Looking forward to buying the dollar against any other pair since it will be much stronger.
Good evening to all, after a wave A is followed by B which is developing, and can reach the reverse of A measured as AND 88.6% fibonatsi, that is 5200 to 5230 then we have a wave C which can reach from 4913 to 4765 and maybe even lower.
Given the information provided, it seems like I'm considering a swing trade on the NASDAQ 100 (NAS100) in a choppy market environment where the price has been fluctuating around the same zones for two weeks. Additionally, I mentioned that the current market direction has been long since November 2023. In this scenario, here are some considerations for my...
This seems rather logical and most likely the final run higher before what looks like multi year reversal
Critical time ahead if there is to be a pullback. Likely Fed triggers final push before a potential reversal
The Euro Stoxx 50 has recently reached the lower boundary of its trading channel, suggesting that it may be poised for a potential uptrend. Upon analyzing the chart, two likely scenarios have emerged: a double bottom formation or a rectangular trading range. Of the two possibilities, the double bottom pattern appears to be the more probable outcome.
30 MIN TF OBSERVATION Nifty if finding resistance at the APRIL HIGH. Retreating towards the April Median Price level. Will this Price level provide support? If Broken the APRIL LOW is likely the target it seems.
Divergence in H4 OB, possible chartist pattern break