DXY - Weekly Forecast - 03 June 2024We can go both ways, so i've pasted by view, there is also a video that walks through it. My longer term view over the next few months is bullish on DXYLongby TraderRiz0
NEW IDEA FOR DOWJONES The increase in the Dow Jones index due to the increase in profits from the income of companies By examining the trend in the four-hour time frame, the Dow Jones index, having an important support interval in the range of 38,322-38,088, can increase to the previous ceiling resistance in the range of 40,079, in the meantime, the 61.8% Fibo resistance will be seen at 39,289.Longby arongroups4
Competitive Markets are CompetitiveNice surprise today! I shorted at bell ring but not holding it. Closed after hours. For the swingers, you're dead already. For the noobs, you're wrong. For the intraday warriors, it doesn't matter, you'll make money no matter what. Competitive markets (BIG MARKETS) hunt liquidity. Breakouts from ascending channels retest. That means your ludicrous stop loss and "I know what the market should do" mentality will get you raked over the coals. Only the fittest survive. The market is full of pavlovian dogs. "They" ring the bell, you come running in, salivating. You say "the market only goes up!" because you got a cookie every time you said it. And to all the confident shorts on the breakdown, you think you know what the market should do. It should go down. Respect the market. It will go and hunt your stop and humble you first. I expect absolutely MINT trading conditions. Market will likely drop, build liquidity higher on the short interest, and go jab it out for a final hurrah and H+S setup. Maybe even higher again? There is always that last rip up where you think "oh yeah it just goes up forever" because you're the last, most basic schtick, you hold the very top of the the market when every fund has sold every position to ever simp on earth hoping to get rich. But M2 is expanding, so maybe just so much money will be printed and spent by the US gov't that it looks like you are winning as inflation lifts all markets all the more, without any real gains. Because there are so many chartists utterly detached from reality, I do expect some nice rallies in the downtrend. I'll keep selling into you on the rips. I'm sorry if that's you, but I appreciate the liquidity in those moments. Expect the unexpected. Greed is in the market but the smart money is spending to get the market up only so they can sell it back after the lift. "We'll just sell to those breakout idiots." - Quote from an actual fund manager.Shortby decklyndubsUpdated 336
SPX GANN ANALYSISNow reverse for correction for target at 5284.25 then 5295.75 then supposed for reverse staying above 5295.75 means reverse of downwards moveby algayar37111
US30 Long BiasHello traders! Hope you are all well. I have my eyes set on this long position on the Dow. As you can see there are 2 solid demand zones. 3 options we have here: 1 - Combine both demand zones and increase risk on the position accordingly. 2 - Take the first trade from the higher zone, and if it breaks, buy the bottom demand zone. 3 - risk missing the first trade and wait for the bottom demand zone. I will personally go with option number 2. A new all time high is expected! Let's see! I am entering the trade the moment price hits the demand zone. But, trade safe! ;) Until next time!ULongby NeddFx13Updated 5
S&P 500 Daily Chart Analysis For Week of May 31, 2024Technical Analysis and Outlook: In the shortened trading week, the S&P 500 hit our expected resistance level of 5323 and promptly fell as part of the renewed upward movement toward the support level of 5257 and the nearby support level of 5221. A solid upward bounce is on its way to target our newly identified key resistance level of 5323 for the upcoming trading week. by TradeSelecter2
Weekly Analysis of UK100 Butterfly 🦋 the detail is shown in the above Idea. I made this Idea based on Candlestick Analysis and Harmonic pattern using Fibonacci tools. In the context of financial markets, the phrase " pull back to last golden level and flying UK100 butterfly to next golden level at 8320 " suggests a potential upward movement in the UK100 index, possibly after a period of consolidation or retracement. Traders and investors may interpret this as a signal to anticipate a bullish momentum, aiming for a target level around 8320. It highlights the importance of identifying key support and resistance levels, and the potential for significant price movements. As with any market analysis, it's crucial to consider risk management strategies before making trading decisions at black circular region .by SEYED98Updated 8
US30, wave 5 should start now towards 42kLooking at US30 we have a high probability of turning into bullish again. RSI long signal Strong daily support Bullish Engulfing candle Possible wave 4 low I expect new ATH to be build soonLongby KyreanUpdated 2
US500, support confluence could built bullish momentumWe have a nice confluence of 1H and 4H support at S&P. I'm entering with a long position to potentially follow to new ATHs, if the market sentiment pick up the trend again.Longby KyreanUpdated 0
US30 STRONGER Price has has hit tp and still maintain some bullish strength . Buy more Longby Cartela2
Possible Elliot Wave Setup I've been short indices recently but we're into major supports now. I have my stops trailed tight and some longs from a little under 5200. We possibly have a bearish Elliot setup here. If so, we have an implied strong bull trap and then we have a good short setup. Ideally the best play here is make a bit of money in the long and use it to bankroll the short attempt. Will update if we fill short area. Long bias above 5180. by holeyprofitUpdated 3313
Powerful compressionIndex is compressing inside symmetrical triangle and going to explode soon In hourly chart index is moving between 1H SMA50 and 1H SMA200 for some time I suppose it will break down because of last bearish engulfing candle on weekly chart by balinorUpdated 4
Sell NASDAQUS100 Broke 18640 support level on daily chart 📈 The short term trend is down UShortby gaby.kanj1
There's a storm on my chartHi everyone, I see two possibilities. Blue or Brown ? (we have to see!) Technical Section: The Blue Path: S&P500 is completing the fifth wave of the 5th wave of a five-wave rally. Wave 5 = 2.618 x length of Wave 1 Wave 3 = 2 x length of Wave 1 Target = 5790 The Brown Path: S&P500 is completing the fifth wave of the 3rd wave of a five-wave rally. Wave 3 = 4.236 x length of Wave 1 Target = 6440Longby BTC-XLMUpdated 445
Bullish on DJ30Waiting on pullback in M5 for an Exit 1 trade. Set BE after Exit 1. 300 pip SL on first and 500 pip on bigger pullback, if course gets there.DLongby UnderlayerUpdated 3
NASDAQ: Perfect pullback execution. Bullish reversal next week.Nasdaq delivered the expected pullback which was validated when it crossed under the 4H MA50. Today it almost reached the 1D MA50, which is also where the 4H MA200 sits, turned momentarily bearish on the 1D technical outlook (now neutral/ RSI = 47.140, MACD = 151.030, ADX = 59.182) and the 1D RSI achieved symmetry with the December 6th 2023 Low. We still expect the 1.5 Fibonacci extension to get reached before the next pullback (TP = 19,250). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope9
US 30 - Ranges overview (update) And just like that we end the month and take out the HTF buyside liquidity. Just another end of the month...the weekend and a new week starting for a new month is awaiting us. I hope you guys had a nice month and that your trading went alright. As always whatever your bottom line for the month...it is simply a reflection of this month. Next month will be another month of new opportunities and trades. Don't forget RISK MANAGEMENT is your best friend..regardless of your profits. Been a good month and some nice trending trading so let's see how we close the month...and what the market has in store for us traders next month. Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.by Patrick27070
Short Weekly Based on technical and price action analysis, the US 30 is expected to be short on a weekly timeframe, potentially dropping to 32,500.Shortby shayangh841
DOW in H4 chart Hello I have published my idea about DOW in an another chart and that's following our forecasts step by step, but I have decided to show you a little more detailed chart in EW aspect. This is a simple model of Elliott counting that happens so common but there are some good points that's worth to be mentioned. 1. Alternation between (A) and (B) is "pattern". 2. The reactions to the cannel's midline can make it more valid. 3. almost always MACD and RSI tell you the truth but if you have an standard set up 4. be aware of fake weak shadows 5. ? There is a unique analytical structure that can happen very rarely and it is mentioned in the chart; could you tell me what it is!!!!! For trading set up: you have to wait till trend meet the confirmation or invalidation levels. Thanks Shortby AMA_FXUpdated 5
Pre- Market analysis for first week of June 2024Either as soon as Sunday reopens or perhaps London KZ /NY KZ, I'm expecting for price to come tap the low from Friday -last day of May. OFC wait for a 1-5min BOS upward for confluence on entry technique. Expecting it to eventually take May's high but will just target this upper area. I think 500 pips will do me just fine.by GeishaDoll5
NASDAQ Analysis - Selling OpportunityNASDAQ Analysis - Selling Opportunity Open: 18,883 SL: 19,0000 TP: 18,480Shortby ahmedqotb1981Updated 6
DOW JONES (US30) LONGS NOT BAD IDEADuring the uncertainty and risk off environment, low GDP data didn't come unnoticed and big boys accumulated some equities after the huge Salesforce panic. Today, with NASDAQ loosing almost 2% and 0.7% for SP500, DJ was accumulated, so I think we might see nice and strong reversal for the end of the week and month close. Play safe and good luck!Longby eZ_Real2
US 30 - Ranges overview (update) The 30min imbalance held and we've taken the buyside liquidity. Let's see how we move further from here. As always don't chase the market..let it come to you and ACT UPON IT Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.by Patrick27070