It is expected that the support range will be broken and the downward trend will continue. Otherwise, a strong upward wave needs to form and stabilize above the support range. In this case, it will be possible to continue the correction process
The current uptrend is expected to break through the resistance zone and advance to the specified Fibonacci levels. Then, according to the behavior of the indicator in this range, the continuation of the movement process will be determined. After the completion of the current uptrend, a downtrend is expected to form to the specified support levels
Shorts going to cover, also earnings and other good stuff happened this week. Apple is about to break resistances upwards, it has lot of room to go.
from data, Dow-Positive Gift Nifty-Positive Indian market-Sideways to Positive today`s session might be range bound. not seeing huge volatility as IndiaVix is trading around 10 and no big news/event yet to trigger market in any direction. levels are on charts.
Dear all After it broke down, suddenly it become false break. So, it clear the long position first then clear the breakout short next, From short bias, now the status become super bullish instead. It is quite brutal indeed - -
Dollar Index prices are still in an uptrend. There is a chance that the price will test the 107.14 resistance zone. If the price cannot break through the 107.14 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
This is one of my setup I dropped yesterday here, so I'm still running on profit waiting for the tp. For more setups like this follow the page. If you are following us conglatulation your are learning every day.
I posted this analysis yesterday and the market is going well. Hopefully to get the to tp
Short Term Elliott Wave view on FTSE suggests that rally from 8.18.2023 low is unfolding as a 5 waves impulse. Up from 8.18.2023 low, wave 1 ended at 7745.82 and pullback in wave 2 ended at 7279.86. Up from there, wave ((i)) ended at 7764.37 and wave ((ii)) pullback ended at 7404.08. The Index then extended higher in wave ((iii)) towards 8015.63 as the 1 hour...
Nifty at 0.618 Fibonacci level Candle = DOJI Down Target = 22100-22050
Bank nifty Spot at 0.618 level at strong resistance zone Down Target = 47300-47200
More the 1% gain brings bulls back party but they may not fully controlled until we close above 50 EMA 5150 levels Hourly changed to up today but daily trend is still down. Day price closed just above 20 EMA and touched 50 EMA today which is positive. now 5040 may act good support and 5100 is good resistance. Most earning are good side but Tesla as worse the...
The Russell 2000 (US2000) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1,984.39 which is a pullback resistance. Stop loss is at 2,035.00 which is a level that sits above the 50.0% Fibonacci retracement level and a pullback resistance. Take profit is at 1,916.07 which is a pullback...
TVC:NI225 has been in bearish trend printing series of Lower Lows and Lower Highs. Currently, It has been retraced to premium fib 75% level where we can look for short opportunities. Will it continue it's bearish momentum ?
What happened in last 24 Hours: 1. Strong US earnings data pushes the USA Indices higher (more than 1%). 2. India VIX crashes nearly 20% in a single day, indicating stability and reduced volatility (as of now) 3. India’s Composite Flash PMI for April indicates stronger economy. 4. IMF expects India to become 4th Largest economy by 2025. 5. FIIs+DIIs are not...
The price has mitigated the 1H FVG with a valid BOS. I expect the price to drop to the newly FVG and rise.
The JPYBasket (“Yen Index”) is a Japanese Yen benchmark and is designed to reflect the change in value of the JPY against a basket of major world currencies.
After the massive selloff of recent weeks, it seems that a countermove is brewing in the NASDAQ. However, bulls should consider that there are now a lot of resistances to overcome. A recovery is therefore likely to be much bumpier than most investors hope for. For long trades, it's advisable to initially choose modest targets.