Hey Traders, in the coming week we are monitoring US500 for a selling opportunity around 5200 zone, US500 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 5200 support and resistance area. We would also like to consider the current bullish momentum on the dollar, due to the negative correlation a strong...
Based off Sci's ICC trading concept. Indication - Correction - Continuation NAS created a new low below 17900 (Indication), then corrected to 18360, which created lower low. With price failing to make a new high/ break the previous highs, sells were possible below 18175 (Continuation) to the low that was created. Will monitor price in the new week and consider...
The fractal pattern on the charts is nearly identical, and after the crash we saw today in the crypto markets, this could be a precursor of what's about to happen in the Equities, and Futures Markets. I would be very cautious right now! I'm completely out of the market, with the exception of long-term crypto holdings. Good luck, and run a tight stop-loss!
Hello Traders ! Yesterday, The Dollar Index Broke The Resistance Level (104.976 - 104.810). This Resistance Level Becomes a New Support Level ! So, I Expect a Bullish Move 📈. ---------- TARGET: 105.770🎯 Previous Analysis:
The DAX (DE40) is trading within a bearish channel and is rising towards the pivot which has been identified as a pullback resistance. Could this index stall around this level before potentially reversing to resume the downtrend? Pivot: 18,203.60 1st Support: 17,888.30 1st Resistance: 18,422.50 Risk Warning: Trading Forex and CFDs carries a high level of risk...
SPX500 could fall towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 5,111.36 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 5,050.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level. Take profit is at...
Exploring the SP500, I've identified a clear SHORT opportunity as technical and economic indicators align. The index is currently testing critical resistance levels, with the formation of a bearish engulfing pattern and overextended RSI readings suggesting a potential reversal is imminent. This bearish outlook is reinforced by a negative divergence in the MACD,...
Examining NASDAQ, I've pinpointed a strategic SHORT opportunity as bearish signals begin to surface. The index has shown vulnerability at critical resistance levels, forming a potential double top pattern—a classic reversal indicator. Accompanied by bearish divergences in the RSI and a crossover in the MACD trending downward, the momentum appears to be...
Turning my attention to the US30, I've identified compelling signals for a SHORT opportunity. The index is showing exhaustion signs after failing to break above recent high resistance levels, with the emergence of a bearish divergence on the RSI and a potential double top pattern signaling a likely reversal. These technical indicators are complemented by an...
The VIX’s structure with higher peaks and troughs became distorted after the FOMC meeting. Despite this being a positive development for the markets, it might be proper to stay attentive to the VIX for a couple more days to watch out for any potential rekindling of volatility. Illustration 1.01 Illustration 1.01 shows the daily chart of VIX. The yellow arrow...
Well, as you can see Dow Jones in the daily chart swept the liquidity and created a new all-time high, then had a bearish reaction and shiffed the market structure as well. after that, the price had a retracement from a bullish FVG to a bearish breaker block and continued to the sell side. For now, there are two different bearish scenarios which I follow the...
Today's focus: Nasdaq Pattern – Range Support – 17,832 Resistance – 18,355 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the Nasdaq daily. Price remains range-bound. Do traders feel today's CPI will be bearish or bullish? Yesterday, buyers showed some strength, stopping a bear move and reversing losses. Could good news on...
Eyeing the US30, I've identified a compelling LONG opportunity. The index is showing bullish signals, with a rebound from significant support levels and a pattern of higher lows suggesting an upward momentum. Technical indicators like the RSI moving above 50 and a bullish MACD crossover reinforce the strength of this trend. The broader economic indicators further...
Turning my analysis to NASDAQ, I've uncovered indicators that suggest a SHORT position is timely. The index has begun showing signs of strain under key resistance levels, with emerging bearish patterns such as a potential double top, hinting at a forthcoming reversal. This technical picture is underscored by an RSI trending towards overbought territory and a...
DJIA (US30) could rise towards the pivot which has been identified as an overlap resistance. Could this index stall around this level before potentially reversing to drow lower towards the 1st support? Pivot: 39,042.57 1st Support: 38,560.25 1st Resistance: 39,412.72 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...
05.04.2024 In my recent NAS100 analysis, my bias remains bullish. Despite a slight upward movement followed by a significant drop, I'm still adhering to the overall bullish trend. We're currently at a low point where we're likely to witness bullish price action. NAS100 still has liquidity above, so I'm not anticipating bearish pressure, but time will tell....
08.04.2024 Check my last Nas100 post. Scale in position. Despite a slight upward movement followed by a significant drop, I'm still adhering to the overall bullish trend. We're currently at a low point where we're likely to witness bullish price action. NAS100 still has liquidity above, so I'm not anticipating bearish pressure, but time will tell. scale in...
I've been giving warnings ever since the c0v1d black swan, and especially since the 25k re-test, that Nikkei will grow wings but here's a seeing-is-believing look at where my 40k target comes from For sure it could go higher later and break this key resistance but I would expect at least one more re-test of the navy blue channel beforehand In theory there's no...