FFIE had an explosive move from about 0.50 to 4.00 before retracing down to the 1.10 range where it got support from the 0.786 Fibonacci level. That is to say it retraced beyond the typical 0.5 to 0.618 levels. The question now is can it move higher and will buyers pile into the stock at this relative discount. I think that they will. As a result, FFIE could...
Nifty has entered Important support zone. This zone extends from 22495 to 22386. Today's low of 22417 is also a very important level below which we will have only the support level of 22386 which is the 50 days EMA. Below 22386 bears will try their best to drag the Index to the levels of 21712 or even 21208. (This looks improbable as of now but you never know)....
BSE, one of the leading stock exchanges in India, is showing technical indicators that suggest a potential swing trading opportunity. Reasons are listed below : Strong Support Zone at 2600 : The 2600 level has proven to be a robust support zone, indicating significant buying interest and a strong base for a potential price rebound. Bullish Marubozu Candle :...
Last week was marked with indecision. Market was moving in a narrow range while Buyers were waiting for FOMC ad NVDIA’s earnings. After receiving positive confirmation (FOMC neutral, earnings good) market tried to go higher but found no support from large players. Sellers took advantage of the weakness and dropped price, clearing many weak longs established in the...
On May 30, the price of gold (2353.87, -10.23, -0.43%) fell nearly 1% on Wednesday to close at $2,337.88 per ounce. The U.S. dollar strengthened to a two-week high, U.S. Treasury bond yields rose to a four-week high and hawkish statements from Federal Reserve officials dampen market sentiment. Market focus turns to the release of U.S. inflation data later this...
Many companies are flush with cash right now, so buybacks are going to increase. Buybacks can create plenty of swing trading opportunities. Buybacks are used by the Board of Directors to drive price upward, or at least maintain price at a certain level. They also remove outstanding shares from public exchanges. The Percentage of Shares Held by Institutions (PSHI)...
CADJPY looks very strong, after a test of a key support. The price formed a double bottom pattern and broke its neckline. With a high probability, the market will reach 115.0 level soon. ❤️Please, support my work with like, thank you!❤️
Judging by the Daily-timeframe build-up, we might imply that the price has nicely tapped into the liquidity region laying above the right shoulder of the recently formulated Head&Shoulders pattern, and now we are observing bearish moves in the destination of two zones - the pattern neckline and the 0.888 key level. Upon reaching the pattern neckline (0.9 region),...
NZDJPY formed a nice cup & handle formation on a strong horizontal support on an hourly time frame. I made a decision to buy the pair after a breakout of the neckline of the pattern. I expect a growth now at least to 96.2 ❤️Please, support my work with like, thank you!❤️
On last week's setup, Price pulled back to my entry on Friday of which I do not take new entries on Friday. Now following structure and moving forward, Therefore; Market Structure is still bullish on HTFs Potential entry at Daily AOi Weekly Rejection from AOi Bullish momentum on the weekly showing lots of buyers in the market Daily Rejection at AOi Around...
ICT Concept Analysis for Nifty 50 We had seen the accumulation (consolidation) phase early in the nifty, then we saw a manipulation phase in the nifty, looking forward we might see a distribution phase in nifty based on ICT Concept.
ICT Concept Analysis for Nifty 50 We had seen the accumulation (consolidation) phase early in the nifty, then we saw a manipulation phase in the nifty, looking forward we might see a distribution phase in nifty based on ICT Concept.
May 30, 2024 @6:57AM MONTHLY - Currently on a downtrend (2D-2D-2D Continuation) #TheStrat - Finishing off a Stage 3 #TheMoneyFlow - MACD curling down, RSI curling down at 46 WEEKLY - MACD beginning to curl up - Price is b/t the 0.618 & 0.786 monthly fibs (Oct 2023 - Feb 2024) - Price is slightly under last week's middle price of $58.51 at $58.18...
as we see in our 4H time frame in BTCUSDT chart, we are at the channel floor and we can start bouncing from here to the top of channel. we can buy or have some long position in BTC as we see good upside movement in BTC.D from yesterday. 2 better and certain price also hinted in chart. hope that this analyse help you.
us100 don't have potential for raise because cant move up with many waves I think time to correction for raise again and made double of top
Falling Three Pattern on the Daily Chart A falling three pattern has formed on the daily chart. If the price breaks below the Kumo, it could reach $2285 by Monday. Disclaimer: This is not a trading signal. Enter at your own risk. I am not entering a new position now. I have already shorted from $2361 and placed my stop-loss in the profit zone.
Crude Oil may drop after a potential bullish trap: we see a bullish inducement and a violation of a key horizontal resistance, followed by a strong bearish imbalance. I think that the market may drop at least to 78.8 level. ❤️Please, support my work with like, thank you!❤️
Dear Traders, PEPPERSTONE:USDX Here is my technical analysis view for USD INDEX. The USD might rose up to 107.500 level in upcoming weeks after touching the 4th Support point in Ascending Channel. This is also was supported by SMA 200 crossing the yesterday Hammer Candlestick. If the today session successfully closed up, we can expect the dollar is in bull run.