I have possibly captured all inputs for the trades taken. Please feel free to comment for any clarifications/suggestions. 1 & 2 in chart indicates 2 trading opportunities with their analysis. Trade Opportunity 1 - The market gap-up happened. so as per the trade plan, I was looking to short at the marked levels in the Trade Plan, but as there was no entry...
According to the completion of wave one and also the completion of wave two (with the possibility that wave c of 2 is incompletely completed), the probability of falling between 700 and 800 pips in this index
US and European markets came under fire and took a hit in a risk off move after US credit was downgraded. Traders and investors are looking at the bigger picture now as a lack of confidence into the US government as they distract themselves from the bigger picture of actually managing the economy. With a safe haven move up into the USD and and unwind into an...
QQQ had a bad day yesterday reacting to adverse financial news with a deep correction as technology stocks were hit the hardest. On the 15 minute chart, price dropped to the bottom outer band in the double BB indicator and then reversed and heading inside both bands and then gapped up in the open of the premarket session. The dual RSI indicator shows the...
US markets moved lower on prospects of higher interest rates. Bond yields in the US spiked as to did the USD which pressured dollar denominated assets like Gold, Silver and Copper. The major US indexes moved lower on news that Japan is going to let longer term bond yields move higher which in turn pressured US bonds lower and detracted from the attractiveness of...
On the 4H chart, QQQ has been in a trend up for the entirety of this year reaching 42% YTD. Of late, QQQ has had a 2-3 day pullback correcting a decent uptrend over the prior week. On the Relative Trend Index, while the signal is below the mean line, there is all the more upside and the overall trend is positive. The dual time frame RSI shows...
US markets had a quiet session Friday to follow on from an uneventful European session. Traders are focused on the US earning session so I expect to see support in the near term. I feel that the markets are generally extended and traders will be in a holding pattern ahead of results from big tech next week. Defensive stocks were favoured on Friday which, for me,...
DAX is on a marginally bullish 1D timeframe (RSI = 56.008, MACD = 24.500, ADX = 26.521), which indicates that there is still significant upside potential to the rebound that started on the July 7th Low. That Low may have been a HL on the long term Channel Up but also a LL on the two month Channel Down. The 1D RSI is also at the top of its Channel Down, so in order...
A look at the price action for the Australian ASX200 Index. The recent price action has been very choppy and directionless leaving both bulls and bears scratching their heads. I expect that this uncertain theme will continue in the short term with the mid to longer term action largely range bound. In the short term, I expect to see a swing lower and if recent...
after liquidity taken of sell side we will see back of the price to fill FVG '' Fare value gap'' and mitigation for odrer block after we will see a drop of the price
With US CPI pointing to inflation easing, bulls are pushing major Indexes higher with the love affair with Tech and the Nasdaq being the standout. In the video I look at the major Indexes across the US, Europe and Asia on the daily timeframes and discuss the key levels and price action I see playing out. ** If you like the content then take a look at my WEBSITE...
US markets gapped up on buyers enthusiasm after a weaker than expected CPI release that signals inflation is easing more than expected. US Bond yields fell while the USD was sent lower also which I expect is the big story from overnight. I feel that the USD will find more weakness in the near term but will not be without a bounce here and there. Gold and Silver...
Today's focus: Nasdaq /NDX100 Pattern – Ascending Triangle Possible targets – 15,600, 16,500 Support – 15,000 Resistance – 15,220, 15,250 Today we are looking at the Nasdaq/NDX100 as price sits in a continuation pattern just below key resistance. This is an interesting set-up as we have key US inflation data coming out today, and interest rates remain a...
US markets had a good start to the new week ending with some gains ahead of the all important CPI later in the week. All eyes will be on the data release for a gauge on inflation and what that will mean to further rate rises in the US. US bond yields moved lower while the USD also pushed down into support which is likely traders squaring up positions ahead of CPI....
US markets were closed for the 4th July holiday which saw muted trading across the European session. The RBA held off on another rate rise much to the relief of Australians who are feeling the squeeze. The RBA notes that a lot of the inflation can be attributed to corporate profit margins increasing so may be a reason why they are holding off on rates (as raising...
NIFTY50 Formed ASCENDING TRIANGLE PATTERN BUY ABOVE - 19330 SL - 19290 TARGETS - 19400,19470,19540 SELL BELOW - 19290 SL - 19330 TARGETS - 19250,19200,19160 Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And...
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The 12-month timeframe shows a clear bearish structure with the formation of a 3rd higher low (HL), indicating a continuation of the bearish move. The overall big picture is not favorable for the dollar. Last year, there was a large wick candle with a tap of the ultimate high order block. 2:📆Monthly:...
Considering the breaking of the trend line and pullback to the broken trend line, the probability of this singal's performance is high