Long Term IdeaHuge up and handle pattern playing out on the weekly chart. With a break over the .786 and now trying to push above the handle trend line. What does everyone else think?Longby CamG1234Updated 0
US30 - Watch Buy Zone!US30 is creating a really interesting pattern. We could be in an impulse/diagonal - Both of which follow similar rules. Wave 2 was a clear flat correction = 335, which broke out upwards of 23%! We are seeing a similar correction to wave 2 now. Typically wave 4 retraces atleast to the 38.2 fibonacci level. This is where we'll have our buy zone. We want to see 5 wave move down for subwave C (of wave 4). If all goes according to plan, we can draw an entry trendline using points 2 and 4 of subwave C to catch the 5th move higher. Should be an easy trade! Will update this setup if this gets enough engagement. Goodluck and as always, trade safe!by WicktatorFXUpdated 1154
Nasdaq in weekly chart Hello Sometime how beautiful and text book pattern has been made in the chart that I suspect that if it is true or not. For now it has happened for Nasdaq and there is no need to any explain so we just need to wait and and see. Thanks Shortby AMA_FXUpdated 2
The correction down for SPX500USD has startedHi traders, Last week SPX500USD went up a little more but dropped on Thursday just like I've said in the outlook last week. So now the correction has started we have to wait for the finish of it. Trade idea: Wait for the finish of a correction down to trade longs. If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! Eduwaveby EduwaveTrading3
DXY | Market outlook The May manufacturing PMI increased from 50.0 points to 50.9 points, the services PMI – from 51.3 points to 54.8 points, and the composite PMI – from 51.3 points to 54.4 points. Overall, growth in the key economic sectors remains robust, giving US Fed officials another argument for keeping the interest rates at peak levels. In this regard, it is worth noting the latest comments by the head of the Federal Reserve Bank (FRB) of Atlanta, Raphael Bostic, who said that the regulator would have to maintain the current tight monetary policy for some more time due to significant inflationary pressures. The official noted that the share of goods whose prices were growing by 3.0–5.0% MoM or higher is now greater than it should be under normal conditions, and the labor market remains resistant to the measures taken. However, according to Bostic, a transition to reducing borrowing costs is possible but not earlier than October.Longby DCFX-TA1
USD about to plunge and VIX spike Q4/2024 adding fuel for PMs#VIX (Black) too quiet against flat #USD. Expecting VIX to spike to 120% area against falling USD Index Q4/2024.Shortby LOWERCOSTA0
S&P 500 CUP & HANDLEHello Traders and welcome! Let's take a look at the S&P 500 today. The price has formed a cup and handle on its weekly chart, successfully breaking above the breakout level of 4815.92. Levels to consider are 38%: 5325.92, where partial profit could be taken, and this level might be used as support in the near future. Further targets are 62%: 5634.84 and 79%: 5857.40. Longby TradeChartPatternsLikeTheProsUpdated 2214
S&P 500 Daily Chart Analysis For Week of May 24, 2024Technical Analysis and Outlook: The S&P 500 reached our projected Outer Index Rally at 5342 and then quickly retraced as part of the primary reignited squeeze move path. It is unlikely that it will drop to the primary down target Mean Support at 5221. However, it may continue to advance towards the completed Outer Index Rally at 5342, the Inner Index Rally at 5408, and the next Outer Index Rally at 5450. The secondary reignited squeeze triggering points are at specified destination pinpoints.by TradeSelecter1
DXY next update..... AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals. If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion abShortby AronnoFx6
A short term analysisUs 1 year bond is showing a strength which means dollar will or might do the same thing, expenditure of dollar will go to stock etc, on the other hand, the stock VALUE will be allocated to paper money DOLLAR Not a financial adviiceShortby IMODERAT0RI3
A short term analysisUs 1 year bond is showing a strength which means dollar will or might do the same thing, expenditure of dollar will go to stock etc, on the other hand, the stock VALUE will be allocated to paper money DOLLAR Not a financial adviiceShortby IMODERAT0RI0
GME Short Sale Volume Analysis: Short Selling Dynamics & Keltner Overview: GME is exhibiting compelling signals that warrant attention from traders and investors. We have observed significant activity in short sale volume alongside a notable expansion in the Keltner Channel. These indicators suggest potential market volatility and trend shifts in the near term. Key Technical Indicators: Short Sale Volume & Market Dynamics: Short Selling Explained: Short selling involves borrowing shares of a stock and selling them on the open market with the intention of buying them back later at a lower price. Traders profit from the difference if the stock price declines. This practice is often utilized by investors who believe a stock's price will fall. Role of Market Makers: Market makers facilitate the trading of stocks by providing liquidity. They are essential in ensuring that there are enough shares available for buying and selling, including those needed for short selling. Market makers often hedge their positions to manage risk. Short Squeeze Potential: When the short sale volume is high, and the stock price begins to rise, short sellers may rush to buy back shares to cover their positions, fearing further losses. This buying frenzy can drive the stock price even higher, creating a short squeeze. Keltner Channel Expansion: The Keltner Channel, which utilizes the Average True Range (ATR) to set its boundaries, is currently expanding at the fastest rate since December 2020. An expanding Keltner Channel indicates increasing volatility. The last time we observed such rapid expansion, it was followed by significant price action in GME, making this an essential indicator for traders. Implications: Bullish Sentiment: The high short sale volume suggests significant bearish bets, which could lead to a short squeeze if the price starts to rise, forcing short sellers to cover their positions. Increased Volatility: The expanding Keltner Channel signals that GME could experience substantial price swings. This heightened volatility necessitates careful risk management, with wider stop losses to avoid premature exits during volatile price movements. Hi! this was generated by AI because it's 02:16 version 2.0 if this picks up cheersGby Stranglemaniac1
DXY Will Go Down! Sell! Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 104.533. The above observations make me that the market will inevitably achieve 102.945 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 115
Seeking Assistance: Analyzing GME Short Sale Volume with Keltner Hi TradingView Community, I'm reaching out to this knowledgeable and vibrant community for assistance in analyzing the short sale volume of GameStop (GME) on a monthly basis. My goal is to gain deeper insights and potentially identify trading opportunities based on this data. Current Analysis Setup: Indicators in Use: Keltner Channels: I’ve been using Keltner Channels to gauge the volatility and potential breakout points for GME. The channels are set with a 20-period EMA and a 2x ATR multiplier. EMA Crossovers: Additionally, I'm observing the crossover of two EMAs (Exponential Moving Averages) - specifically, the 50-period and 200-period EMAs. These crossovers often signal potential trend changes and are crucial for timing entries and exits. Areas I Need Help With: Short Sale Volume Analysis: I'm looking to understand the impact of monthly short sale volume on GME’s price movements. How does an increase or decrease in short sale volume typically affect the stock's performance? Are there specific patterns or trends in the short sale data that correlate with significant price movements? Combining Indicators: How can I effectively combine the insights from Keltner Channels with the EMA crossovers to improve the accuracy of my trade signals? For those who have experience with these indicators, what are the best practices for interpreting signals from Keltner Channels in the context of short sale volume? Identifying Key Levels: What key levels should I be watching based on the interaction between the short sale volume, Keltner Channels, and EMA crossovers? Are there historical precedents or case studies where these indicators have successfully predicted major price movements in GME or similar stocks? Example Chart: Below is an example chart illustrating my current setup, with the Keltner Channels and EMA crossovers: Call to Action: I greatly appreciate any insights, analyses, or resources that the community can share. Whether it's past experiences, detailed explanations, or even annotated charts, all contributions are welcome! Thank you in advance for your support and expertise. Yours truly StrangleManiacGby Stranglemaniac2
What’s Next for the S&P 500?The S&P 500 tried to break out yesterday, but got rejected at the highs. Some traders might view the resulting bearish outside day as a potential reversal pattern. How much damage was actually done? The first pattern on today’s chart is the March 28 peak of 5265. Notice how SPX made a new high by crossing this level on May 15. Yesterday’s pullback tested it and prices have bounced today. That may suggest old resistance is becoming new support. Second, this chart includes our MA speed custom study. It shows the rate of change for the 10-day simple moving average. Notice how the oscillator jumped as the index recovered in early May. This sharp acceleration resembled the move in early November as the current bull run began. Third is the relatively tight consolidation following the surge. That’s similar to other moments in late 2023. It may reflect a lack of selling pressure. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.by TradeStation16
DOW $16,000 - $DJI Dow Jones Industrial down to $16,000 by 2031Based on my Great Depression Research I think we get a market top +5% - +15% above May 2024. And crash to mean-reversion based on old 1993 - 2018 trading channels which parks us at a 200 weekly bottom of $16,000 on DJI. I am short the market until we prove otherwise. You could replace NASDAQ:NVDA and "Magnificent 7" with NEWCONNECT:RCA and US STEEL from 1929 and the news papers would read exactly the same. They still thought the economy was strong all the way until middle of 1930. There's no way to tell when we are in a great depression bubble that is imploding. The only way to tell is to short the market and if you make money - then we got problems. All my shorts from earlier in May are now max-profit. So I'm adding to shorts. Also all you people who think you're going to be rich; no you're not. You don't know what you're doing. The fact there's so many of you "I'm going to be rich" suckers is why I am bearish. Enjoy your Dow $16,000 suckers.Shortby DarthTrader13572
DE 30...will it follow descending channel this timeDE 30 is showing a bearish trend in parallel descending channel... will this move be followed this time.. confluence is 4H resistance too DShortby justfurrakh1
SHORTThis analysis is based on price and time expansion. We have three time points defining an alternate time relationship for (top-to-top) or (top to bottom) This time expansion alternating between tops and bottoms also puts the next point on 26th August 2024 weekly candle. We also have a time projection on 10th June 2024 weekly candle(+/-1) where we expect markets to top. That gives us a timezone between 10th June to 26th August 2024 to expect a heavy market reaction. The two indicated times 965 and 685 days have a Phi relation of 3 : 2 341.2 x 1.4142 x 1.4142 = (341.2 x 2) = 682.39 units 341.2 x 1.4142 x 1.4142 x 1.4142 = (341.2 x 2(Root 2)) = 965.03 units To narrow the time zone down we will need to align that with price expansion. The current cycle unfolding is the ending part of the 20-year cycle with its origin at the 07/10/2002 bottom. Considering the March 2009 bottom as the actual low of this cycle we would expect a 4669.47 points advance from 666.79 to complete a Phi³ price expansion, where Phi = 5/3 = 1.667 and unit value = 1008 units. That is: 666.79 + (1008 x 1.667³) = 5336.26 Current top = 5341.88 = 5336.28 + (5.6 pts) The progression of the Phi Expansion from 666.79 price level: 666.79 + (1008 x 3/2) = 2178.79 666.79 + (1008 x 1.667) = 2347.13 Second Phi Expansion 666.79 + (1008 x 1.667²) = 3467.91 Third Phi Expansion 666.79 + (1008 x 1.667³) = 5336.26 The progression of tops and bottoms furnish us with two projections 1. Since the Phi points are all bottoms, price can advance about 1540 points off 5336.26 and the correction that will follow will rather end at 5336.26. That will put the top at (5336.26 + 1540) = 6876.26 price level. This top has no relation to the two projected dates on the chat. 2. Cycle expansions usually terminate at cubic Phi progression, that is (Unity x Phi³). So the third expansion will actually be a mid-cycle top which will effect a minor correction.The base of this correction will be the bottom for an advance towards 6876.26 level From the above, any short entries should have tight stop levels Please check back as we break the analysis further down to the daily and hourly sub cycles. Trade safe, goodluck Shortby Platinum-Markets229
NASDAQ BUY IDEABullish Continuation Patten SL and TP marked, Entry at breakoutULongby Trad3withKamil0
NiftyToday on daily time frame new life time high with inverted candles. Important support 22900 to 22750 and resistance 23250. We may test 23250 in next week. by saynazeer229
my opinion about nasdaq or us100My opinion there’s big bearish for next week so if the price go to that zone you can sell it Shortby hamapro114