Hi Traders !
Previously, The SPX500 Price Formed a Bearish Double TOP Pattern.
Currently, The Price Broke The Support Level (5081.27 - 5051.43).
This Key Level Becomes a New Resistance Level !
So, I Expect a Bearish Move 📉.
TARGET: 4976.00🎯
Nasdaq is bearish on its 1D technical outlook (RSI = 37.414, MACD = -64.490, ADX = 50.187) but the 1W RSI is still bullish (RSI = 56.510). You can see the reason on this chart. The long term pattern is a Channel Up that is supported by the 1W MA50 for the past 13 months. The current pullback can be seen as a phase similar to the consolidation of August-November...
Trading Setup:
There is a Trading Signal to Sell in SPX500 (4h)
Traders can open their Sell Trades NOW
⬇️Sell Now or Sell on 5170.0
⭕️SL @ 5257.0
🔵TP1 @ 4871.0
🔵TP2 @ 4700.0
🔵TP3 @ 4550.0
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning...
US30 H4
Lets not over complicate things here on US30, we are struggling to break this 37600 support price, 38,000 remains intact.
Sell limit replaced here with a tighter stop than yesterday, we have a clear range offering best part of 400 points.
Certainly! The Dollar Index's recent breakthrough past resistance has sparked a wave of positivity among investors. This surge in optimism is likely fueled by a combination of factors such as strong economic data, favorable geopolitical developments, or perhaps shifts in monetary policy expectations.
When a market breaks through a resistance level, it typically...
S&P500 has formed today a Death Cross on the 4H timeframe after 8 months (August 14th 2023), turning bearish on the 1D technical outlook as well (RSI = 37.122, MACD = -81.00, ADX = 53.782) as yesterday it crossed under the 1D MA50 for the first time since November 3rd 2023. Both are technically very bearish developments and according to the last 4H Death Cross, we...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 DXY has been overall bullish , trading within the rising channel in red.
Currently, DXY is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance zone marked in green.
🏹 Thus, the highlighted red...
Hello guy's what you say about NZDJPY Pair ? in my view ..
From the analysis provided, it's evident that a break of structure followed by the formation of an inducement has occurred. The current rejection from moving below previous lows indicates the potential formation of a demand zone. This observation aligns with the prevailing four-hour trend, suggesting a...
Dow Jones is almost oversold on its 1D technical outlook (RSI = 31.431, MACD = -279.330, ADX = 39.462) and is approaching our TP = 37,300 that we called nearly one month ago. The target will be a direct hit at the middle of the long term Channel Up and approach the 0.382 Fibonacci. As long as the 1D MA200 supports, we will then reverse to buying, at least on the...
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The European Central Bank raised Interest Rates by a Quarter of a percentage point Thursday, judging that Inflation remains too High ;
even as data points to a deepening economic downturn in the 20 countries that use the euro.
The move takes the benchmark rate in the euro area to 3.75%, the highest since October 2000.
If you haven't already purchased SPY after the 2023 forecast: forecast:https://www.tradingview.com/chart/idea/l6U1M9dJ/
then it's important to be aware that there's a significant bearish divergence in the RSI of SPY, the S&P 500 ETF, which initiated at $469.
Anticipating a technical retracement to $495, given its prolonged period of being overbought!
- DJI is currently encountering strong resistance at 34500.
- The psychological significance of this resistance level adds to its importance.
- This could be one of those, Go Big or Go home scenerios
- In case the resistance holds, a potential psychological support level at 33000 may come into play. The support trendline intersects at a similar level.
What is...
Based on the positive economic data from the US session last week, it appears that the US Dollar is currently at a strong level and poised for potential long-term highs. However, it's important to exercise caution and closely monitor the currency's movements.
Observing recent trends, the US Dollar has approached the top trend line twice but has yet to break...
Hey traders Congratulations..
"Unlocking the Potential: DXY Analysis Indicates Long-Term Highs Ahead"
In the dynamic world of forex trading, the US Dollar Index (DXY) stands out as a key indicator of global economic health. Recent analysis suggests that the DXY is gearing up for a significant move towards long-term highs, presenting a compelling opportunity for...
