The FTSE100 index (FTSE100) has resumed its bullish trend since the October 13 bottom after hitting both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) on December 20. In fact, against all odds during this inflation crisis and in contrast to its heavy stock index counterparts, it is about to close the year in gains (if it stays above the 7420 level...
Based on the 6 month RSI, Dow Jones is making the final rebound on a Lower Highs pattern that since the 1920s leads to a multi year rally to a peak that ends in a Bear Market. Remarkably all those rallies started on almost the same intervals: 1921, 1962, 1991 and now 2022. Two out of the previous three made the peak at the end of their respective decade. Key...
S&P 500 Index Technical conditions: The +5.7% price jump on November 10th could be viewed by technical analysis as a “Flag pole” since the recent seven day price consolidation (daily chart) suggests a “textbook” bull flag continuation pattern is forming. The bullish theme seems to be holding with higher tops and lower bottoms on price since finding support at...
From the current chart and the indicator perspective the market is bearish. Current price is below MA50. Future kumo of ichimoku is bearish kumo. The risk if you wanna go short is beyond senkou b. There's potential nasdaq to revisit this year low at 11,038. Trade wisely, trade well. 🙏🙏🙏
Dow Jones is trading within a Channel Up that has recently broken below the 1D MA100 (green trend-line). This is the first time in two months that is giving the first strong buy signals: * The RSI is near the 30.000 level which has marked price bottoms on June 18 2021, October 29 2020 (in the post COVID crash era). * The price is approaching the 1D MA200 (orange...
Two weeks ago NDX formed a peak formation at the top of the multi-month Channel Up (Higher Highs) and I posted the following chart calling for a strong correction: As you see that correction is currently underway and having broken below the 1D MA50 (blue trend-line) is looking for the patterns strongest Support, the 1D MA100 (green trend-line) which has been...
Following my most recent analysis on Nasdaq (see chart below), the Channel Up where the index has been trading on for almost 1 year, has traded to perfection: At the moment, the price is trading exactly on the top (Higher Highs trend-line) of the initial Channel Up (blue) and if broken, a new Channel Up (red) may emerge on a marginal divergence. This brings...
Nasdaq was faced with a selloff but managed to recover quickly on the last trading day. Essentially, the market is trading within a rising channel and it is very well supported by moving averages, showing nothing but bullish. We continue to expect Nasdaq to climb further but will constantly face resistance over the course. This week, if the price come down at...
Nasdaq is potentially going to break a new high this week! Currently, we are seeing a clear bullish wave forming and continuing towards the top of a rising wedge. In my instances, the price is able to break out of the pattern and peak higher before ending the trend and into another pullback. This week, we will buy the pullback, if any, at the beginning of the...
Pattern: Bullish Megaphone on 4H. Signal: Sell as the price broke below the 4H MA50 (blue trend-line) and since December 21, 2020, every time the index broke below the 4H MA50 it dropped even lower to (or below) the 4H MA200 (orange trend-line). Target: Anywhere within a -3% to -6% from the recent High. -3% has more chances as as 3 out of 5 MA50 breaks resulted...
Sharp ATR switches usually mean something for true trend followers. The chart shows an important 2H trend switch. As always, with trend following it's not possible to say whether the trend is going to end soon or whether it'll continue for longer. This could even be a minor correction in a daily trend, but how would you know if it's not the start of a new trend...
Happy Labour Day! The Japan-based holding company, Soft Bank, reportedly purchased billions of dollars worth of equity derivatives in the United States, triggering a month-long rally in technology stocks. The surge in call option trading has surprised even market veterans who specialize in derivatives. Research by Goldman Sachs has shown that on a daily basis, the...
Hello Traders, kindly like this idea if you love it and leave your thoughts in the comment section Expecting a test of the upthrust after distribution on US30 for a Short hedge to the downside FOLLOW OUR IDEA UPDATES FOR MORE PRECISE ENTRY TRADES WITH ZERO DRAWDOWN OR I'LL ASK YOUR BROKER TO GIVE YOU A MARGIN CALL :-)
Hello Traders, kindly like this idea if you love it and leave your thoughts in the comment section There's some smart money accumulation going on with the Dow Jones index and it's confirmed with a bullish structure and a line up of propulsion and order blocks. Look to enter at any of the marked levels for a nice ride to the upside NB: It's Friday, trade...
Hello traders, kindly like this idea if you love the analysis and leave a comment on what you think about it Dow Jones (US30) has filled a reacted off a filled Volume Imbalance from yesterday, looking for it to take liquidity resting above 1H short term high into the 1H OB for an Optimum Trade entry short FOLLOW FOR MORE IDEA UPDATES :-)
SHCOMP has formed a Golden Cross on the 1D chart turning vastly overbought (RSI = 89.841, MACD = 105.710, ADX = 52.201). Last time that took place within the long-term Channel Up that started in January 2019, the market consolidated for a few days and delivered a last peak in a month. The MACD has entered into this red Resistance Zone of the 2019 consolidation, so...
DAX is trading within a Rising Wedge on the 4H chart which started on March 23rd when the previous bottom was made. Despite the fact that today it broke the Higher Low trend line, the technical indicators are neutral (RSI = 45.750, MACD = 8.800, ADX = 19.431) as the Support Zone hasn't been broken yet (10,225 - 10,165) and the 4H MA50 is intact since March 24th....