correction It is expected that a trend change will be formed in the current resistance range and we will see the beginning of the correction process. Crossing the support trend line will be the confirmation of the correction trendShortby STPFOREX1
DE40 heading to 18300 / 17600negative divergence major resistance around 19000 decreasing in volume the most estimated scenario support the droop to 18300/17600 Shortby ziadaq1
DXY LONG SETUPpossible recovery for us dollar. possible target : 108+ good luck. Longby VulcanoRosso7
NAS100...The Trend Continues with confidenceNow that the ATH was yet again broken and the Monthly still has time on it's hands (15 Days)...It's time to shake off the miscalculated bearish trade and continue trading what this historically bullish market gives consistently... HL's to HH's I will be waiting for my next entry point of a completed HL before continuing with the trend. #aubersystem #auberstrategy #whywewait #zigzagtheoryLongby dellaroccacariblaUpdated 221
NIFTY BANK: Clamp or Follow 3?In term of the move, it is last on hour of move, coming on expiry, one ideally would like to see the follow through on the next day. This time is no different. On the Daily, if not classical, it looks like follow three, exception being the large lower wick. In both the cases, C clamp is visible, suggesting a rather sluggish move but still over laps the previous energy cycles to continue. Not much on the data front, weekend, truncated week ahead, markets would like to play the decay than a sharp ascent or descent. having said that a close above 48300 augurs well for this space and possibly we might be looking at the channel upper end than otherwise, similar trend unfolded in the month of March. The ping pong range will continue, it will frustrate some, some will enjoy the range as long as it lasts. Near term 47700 break and close, unlikely will frustrate the bulls 47800-48400 range is ideal for the day to start. by sreebhashyam1
BANKNIFTY Trading Plan: May 17th, 2024 - Optimizing Entry and Ex Market Outlook: This plan outlines potential trading strategies for BANKNIFTY on May 17th, focusing on optimal entry and exit points based on various opening scenarios. Trading Strategies: Gap Up Opening: Entry: If BANKNIFTY opens above 48050 and finds support at 47976, consider a long trade. Target 1: 48127 (potential sideways movement after initial rise). Target 2: A breakout above 48127 might propel prices towards 48333-48438. Profit Taking: Book profits within the 48333-48438 range, as this may indicate resistance. Consider entering a short trade here. Contingency: If support at 47976 weakens, expect a retracement. Support Levels: Look for a buying opportunity at 47817-47673. Utilize a stop-loss (SL) order at 47600 to manage risk. Flat Opening: Entry: Initiate a long trade with support at 47817. Initial Target: Aim for the initial range of 48024-48127. Further Movement: Prices exceeding 48150 could reach 48333-48438. Short Recommendation: No short positions are recommended for this scenario. Gap Down Opening: Entry: If BANKNIFTY opens below 47800, identify a buying opportunity near 47700. Stop-Loss (SL): Place a stop-loss order at 47672 to manage risk. Target: Look for price recovery towards 47976-48024-48127. Conclusion: This plan prioritizes buying opportunities across different opening scenarios. Leverage support levels to manage risk and consider profit-taking when prices reach potential resistance zones. Remember, this is a guide, and market conditions can change rapidly. Adapt your strategy based on your risk tolerance and real-time market analysis. Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions. Always consider your personal financial goals and conduct thorough analysis before executing trades.Longby LiveTradingBox7
DXY NARRATIVE, in my opinionBacked up by fundamentals, negative correlation to us30, spx500 and nas100Longby princemotheohanesniper753
2024-05-16 - a daily price action after hour update - dax/Good Evening and I hope you are well. overall market comment Bulls rallied to another ath where many of them took profits and bears began shorting after a lower high. The selling on bigger volume into the close is a sell signal going into tomorrow. Bulls have to break out of the formed bear channels to make bears doubt the highs might be in. Since tomorrow is Opex, everyone is max bullish and VIX is at the lows, we could be in for a surprise tomorrow. dax comment: Bear trend from before the open, after Globex made a new ath 19006. Since itβs the end of the week, the open, low and high prices of the week are important to watch. I always mark them on my charts when they occur. current market cycle: trading range - bulls broke 19000 but no follow through, if we close this week below 18900, we got a higher high but inside a trading range and odds favor that we trade down to 18000 again. key levels: 18738 - 19006 bull case: Bulls began to take profits and todayβs selling was without any stop which makes me believe that big institutions are off-loading their positions while they can. Low of the week was 18738 and that should be bulls last hope for tomorrow. If they can not hold that level, we probably trade down to 18600 and below that is 18400. bear case: Bears created a sell signal on the daily chart going into tomorrow. The weekly and monthly charts now show big tails above and if we can close below 18900, that would be a second rejection of that level on the weekly chart. Last time we made a new ath we sold off for 1280 points so that is my base assumption for the next weeks. short term: Bearish - But can see a retest of the highs if bulls break strongly above the 1h 20ema tomorrow. 18738 must hold or we could crash down. 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. βunchanged trade of the day: EU open could not get a close above the 15m 20ema and had many tails above bars. Could have sold anywhere with stop new ath.Shortby priceactiontds3
Remarkable Comeback Nifty but now faces Mid-channel resistance.Nifty recovered handsomely 349.85 points from the low of the day in the last hour against all frantic FII selling. This shows the power of DII and retail investors. Now Nifty faces a tough mid channel resistance 22438 which will take some doing to cross it. If Nifty manages to cross 22438 the next resistances will be at 22496, 22587, 22658, 22730 and 22801. If Nifty is not able to cross the Mid channel resistance the supports will be at 22298, 22215 and 22054. Nifty will be very weak below 22054. Shadow of the candle is looking neutral to negative but if FII jump into action (which unlikely) then frantic upside is possible. Volatility and peak tussle between FII and DII might continue. by Happy_Candles_Investment2
Huge Number of Trading Opportunities Next Week The major trading opportunities next week could be front-loaded, with significant events occurring from Monday to Wednesday. USD Seven Fed officials are scheduled to speak on Monday and Tuesday, followed by the release of the FOMC meeting minutes on Wednesday. AUD The Reserve Bank of Australia will release the minutes from its latest interest rate decision. This should help shed light on how accurate economists' forecasts are for a September rate cut. CAD Canada's inflation data is due on Tuesday, with forecasts predicting a slight decrease to 2.8% from the previous 2.9%. This data could be crucial for assessing the Bank of Canada's next moves. NZD Perhaps the most important event for the NZD is set for late Tuesday when the Reserve Bank of New Zealand is expected to maintain its official cash rate at 5.5%. GBP On Monday, Bank of England Deputy Governor Ben Broadbent will make a public appearance, followed by a speech from Governor Andrew Bailey on Tuesday. Additionally, UK inflation rate data, expected on Wednesday, is anticipated to show a significant drop to 2.7% from 3.2%. by BlackBull_Markets3
$DXY -Decisive Move Around the Corner !!! Dollar Index TVC:DXY on the cusp of making a major move TA speaking ; (100.8 or 110) - To the upside starting currently by jumping at 200EMA and breaking recent highs within pattern while facing strong resistance just above on Range Ceiling(105) and last Highs of 107(ChoCh). - Either falling off a cliff headed in to re-visiting Range Bottom of 100.82 (Swing/Positioning) Fundamentally speaking ; Would be a great move to the Upside for TVC:DXY Fundamentally speaking, resulting so on SHORTING anti-correlated assets, such as EUR/USD and other FX pairs. Must be time for TVC:DXY to strengthen even more, makes sense ,, otherwise Recession is just ahead ! On headlines , CPI ECONOMICS:USIRYY is coming lower, with economists awaiting Fed Cuts ECONOMICS:USINTR cuts by end year. However, worth mentioning is that wealth hedges such as TVC:GOLD continues to be stocked up in piles of tonnes from China ECONOMICS:CNGRES and not only; China's Wealthy Class is also in the process of purchasing pure physical Gold *** NOTE This is not Financial Advice ! Please do your own research with your own diligence and consult your own Financial Advisor before partaking on any trading activity with your hard earned money based solely on this Idea. Ideas being released are published for my own trading speculation and journaling needed to be clear on different asset classes price action. by Mr_J__fx6
SENSEX S/R for 17/5/24Support 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 where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.by zenthosh3
Breaking Through:DOW JONES Bulls Unleash Unstopable Surge!πππππ Breaking News! ππ π DOW JONES SOARS to New Heights! π The bulls are on an unstoppable rampage, smashing through key resistance levels like a hot knife through butter! π₯πͺ This week witnessed an impressive breakout, with the DOW JONES surging past another significant barrier with sheer bullish force. ππ₯ β¨ What's Next? β¨ With the bulls clearly flexing their muscles, all signs point to a continued bullish rally! ππ The next target in sight? The formidable 39900 resistance level! π― Buckle up, folks, because this wild ride is showing no signs of slowing down! π’π₯ π Stay Tuned for More Updates! π #DOWJONES #BullishRally #ToTheMoon ππLongby MrCharlie1Updated 59
THREE PEAKS n DOOMED HOUSEIt has been sometime But I think this is a good time to post the chart We are nearing the End of the cycle and pt 23 .I feel this move since oct 13 2022 was the Last bull phase since I wrote the forecast dec 8th 2021 .for oct low 2022 target 3511/3490 . best of trades WAVETIMER by wavetimer4
NIFTY Trading Plan: May 17th, 2024 Market Outlook: Following a volatile "dot-to-dot" session on Thursday, NIFTY may experience a pause in activity on Friday, May 17th. This plan outlines potential trading strategies based on various opening scenarios. Trading Strategies: Gap Up Opening: Entry: If NIFTY opens above 22450 and finds support at 22435, consider a long trade. Target 1: 22517 (potential resistance zone with sideways movement likely). Target 2: If prices surge past 22530, an upward trend towards 22600-22608 is possible. Contingency: If the opening surge fizzles and prices decline, look for support at 22331-22308. Consider entering a buy trade at these levels. Flat Opening: Entry: Initiate a long trade with support at 22334-22308. Target: Aim for the initial range of 22435-22517. Short Recommendation: No short positions are recommended for this scenario. Gap Down Opening: Entry: If NIFTY opens below 22300, identify a buying opportunity above 22308-22310. Stop-Loss (SL): Place a stop-loss order at 22260 to manage risk. Target: Look for price recovery towards 22400-22435-22517. Short Caution: Avoid shorting unless prices definitively break below 22050 and sustain that level. Conclusion: This plan prioritizes buying opportunities across different opening scenarios. Short positions are generally discouraged unless specific lower support levels are breached. Remember, this is a guide, and market conditions can change rapidly. Adapt your strategy based on your risk tolerance and real-time market analysis. Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.Longby LiveTradingBox3
USDXThis is what I'm seeing on the USD Index. USD is still bullish and has not shown any bearish signs. Knowing what to do with USDX pairs is important. The analysis is provided for educational purposes only. Be aware of the potential risk of loss before making your own trading decision.by NsnjrglBil3
FIN NIFTY S/R for 17/5/24Support 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 where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.by zenthosh1
This is and has been my wave count as a TOP115% short now The posted best reflects my view within the wave structure . as The VIX has entered the 12.74/12.4 For months I been calling for two targetin the based on 2000 peak and the 2007 peaks they were 5261 gann 2000 peak of 1555,5 and 2007 peak 5331 I am net long puts in qqq and spy till I see otherwise by wavetimer116
SP500: Buy A Dip Stocks are in recovery mode, with major indexes trading at all-time highs. This movement began after the US unemployment rate showed a slight decrease in jobs two weeks ago, suggesting that inflation could potentially weaken. This trend was further supported by this week's CPI data, which indicated a drop from 3.5% to 3.4%. Speculators believe that the Federal Reserve might be one step closer to potential rate cuts later this year, although I think this is still a distant possibility. However, the markets are definitely positioning for this move later this year. Examining US Treasury yields, we have seen a strong reversal on the 10-year note, indicating that the dollar could continue its downward pressure. When looking at the S&P 500, which typically trades inversely to the US dollar, we see a strong upward move. In fact, several breakaway gaps in the cash market suggest a very strong uptrend. From an Elliott wave perspective, you need five waves up before looking for a potential completion of the uptrend. If we examine the rise from April, we can clearly see that this is not yet a five-wave movement. In fact, the strong middle move up from 5,000 typically represents an impulse within an ongoing trend. I would argue that there is room for more upside, especially after the next retracement, which I believe could be wave four. Given the extended move in wave three, we should see some pullbacks as markets do not move in a straight line. The first potential and interesting support area could be between 5,250 and 5,270, which was the previous high and the recent gap that occurred after the latest CPI figures. This certainly appears to be a key area for the next dip. If you want to play the long side, you will likely want to see the pullback first. The invalidation level of the whole recovery would be around 5,124. If we believe we are in an impulsive sequence and expect more upside, then wave four must not intrude into the territory of wave one or wave two. If this happens, it means that the trend is most likely changing to bearish or maybe just moving sideways. Gregaby ew-forecast4
US30US30 We are buying, waiting for the market to activate the purchasing zone we have specifiedLongby Alla_Jwaze449
Professional analysis and strategy, hopefully will help youS&P500 (US500) is falling towards the pivot which acts as a pullback support and could potentially bounce from this level to the 1st resistance. Pivot: 5,275.81 1st Support: 5,203.86 1st Resistance: 5,379.39by Sherry-MkUpdated 1
Fib LevelsNot even gonna guess how high will it fly. Got higher than we expected already. Smoked bears, gone into hibernation. Here are the fib levels for your consideration. Notice price approaches the top Bolly Band. Not a lot of room left to squeeze but it could pump higher. Not overbought yet. Short when it gets there. Bewary.by DaddySawbucksUpdated 2215
NIFTY BEAR SETUP WILL WORK?A break below 22300 would be good for a 240 points move off here with an invalidation point of 120 points giving a good 1:2 R:R setupShortby TheSnop5