Nikkei225 broke out of its strong support turned resistance line at 23046 which could trigger a further move down to its next support at 22215 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support). Ichimoku cloud also shows signs of downward pressure.
Key elements to look out for. It has broken past its strong support turned resistance. Do refer to our 4hr chart for a strategic view!
After reaching the 400% fib proj level, the EUR/USD has violated the downcycle for the first time since Sept 24th. This may lead to potentially carving out a more significant bottom on the pair in the near term. For further explanation on how to read market structure, please refer to the related link below. Trade safe!
ASX is approaching our first support at 5946.2 (horizontal swing low support, 61.8% Fibonacci retracement, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 6110.9 (horizontal pullback resistance, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching support and we might see a...
These are the levels to look out for when analysing ASX . Please refer to our 4hr chart for a strategic view!
SX5E bounced off its support at 3275 (100% & 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance. Stochastic (55, 5, 3) is approaching its support at 2.8%.
These are the levels to look out for when analysing sx5e. Please refer to our 4hr chart for a strategic view!
GER30 is approaching its support at 11779 (100% Fibonacci extension x2, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 12460 (38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is bounced off near its support at 3.3%.
Key elements to look for GER30. Please refer to our 4hr chart for a strategic view on GER 30!
EUR/USD: How To Trade Market StructuresAuthored by Ivan Delgado, Head of Market Research at Global Prime. This educational post has been exclusively adapted for tradingview users. In this tutorial, I walk you through how to read these cycles, which go by the name of “market structure”. You will be provided a frame of reference for you to properly interpret the...
DAX is approaching our first support at 11728.60 (horizontal swing low support, 100% Fibonacci extension, 38.2% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 12096.74 (horizontal overlap resistance, 50% Fibonacci retracement, potential 61.8% Fibonacci extension). Stochastic (55,5,3) is also...
These are the key levels to look out for on the DAX. Please refer to our 4 hr chart for a strategic view!
UK100GBP is testing its support at 7231 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support, channel support) where it could potentially bounce up to its resistance at 7423 (61.8% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is testing its support at 3.1% where a corresponding bounce could occur.
These are the key levels to look out for on the FTSE. We have identified a channel that price is approaching. Please refer to our 4hr chart for a strategic view!
SPXUSD is approaching our first support at 2868.1 (horizontal swing low support) where a breakout below this level might push price down to our second support at 2792.5 (horizontal overlap support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. RSI (89) is also...
These are the key levels to look out for on the SPX. Please refer to our 4 hr chart for a strategic view!
JP225USD is approaching its support at 23491.4 (100% & 61.8% Fibonacci extension, 23.6%, 38.2% & 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce up to its resistance at 24549.6 (horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 8.4% where a corresponding bounce could occur.