The DJIA (US30) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 39,598.96 which is a pullback support. Stop loss is at 39,250.00 which is a level that lies underneath an overlap support and the 23.6% Fibonacci retracement level. Take profit is at 40,045.66 which is a pullback resistance at the...
Dow Jones (US30) has reacted off the pivot and could potentially drop to the 1st support. Pivot: 39,993.29 1st Support: 39,637.89 1st Resistance: 40,530.41 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors,...
S&P500 (US500) is falling towards the pivot which acts as a pullback support and could potentially bounce from this level to the 1st resistance. Pivot: 5,275.81 1st Support: 5,203.86 1st Resistance: 5,379.39 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading...
My Dear Robbers / Traders, This is our master plan to Heist Bullish side of EURO STOXX50 based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish...
Hello freinds this chart we show that this market will know an up trend on next days for more informations please show the chart good luck
there is a possibility that nifty smallcap 250 can for a head and shoulder pattern here, which can bring it down by total of 11%, and 7.7% after the formation gets completed. It is very likely that the market will not complete this pattern, but just for awareness and availability of different perspective I wanted to post about it. also, please do not take any...
Examining the NASDAQ (US100) through the lens of Elliott Wave analysis, we observe that the index has potentially completed the cycle with Wave (5) and is now embarking on a corrective phase, denoted as Wave (a)-(b)-(c). Currently, the start of Wave (c) seems imminent, traditionally known as a strong downward move. We're targeting Wave (c) to potentially extend...
Our detailed Elliott Wave analysis of the S&P 500 suggests the index may be poised for a downturn following the completion of Wave (5). We are currently observing the formation of a corrective ABC pattern, signaling potential declines. As Wave (b) appears to peak, we anticipate the beginning of Wave (c), which is often a sharp downward movement. Based on Elliott...
DAX (GER30) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 18,737.91 which is a pullback support. Stop loss is at 18,600.00 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level. Take profit is at 18,992.91 which is a level that aligns with the 127.2%...
Price is currently at a resistance level which is a pullback resistance and could potentially drop from this level to our take profit. Entry: 18,334.16 Why we like it: There is a pullback resistance level. Stop loss: 18,490.09 Why we like it: There is a pullback resistance level which aligns with the 127.2% Fibonacci extension. Take profit: 17,983.95 Why we...
Today's focus: SPX500 Pattern – Continuation Support – 5211 Resistance – 5267 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at SPX500 on its daily chart. Today, we wonder if the SPX500 can maintain its current bullish bias and possibly test or break all-time highs. Yesterday, buyers fought back after the PPI data, helped by...
Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 104.200 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 104.200 support and resistance area. Trade safe, Joe.
Prices have been coiling on the daily chart to form a potential bullish pennant / symmetrical triangle, which hints at further gains. RSI (14) remains over 50 on the daily chart, and volumes were lower during the consolidation to show lack of conviction from bears, sellers stepping in at the cycle highs. The 1-hour chart shows prices retracing lower after RSI (2)...
The US30's recent chart formations, analyzed purely through Elliott Wave principles, highlight a compelling setup for a potential short. We've seen the completion of the motive Wave (5), indicating the end of a typical five-wave advance. This suggests the market might now be entering a corrective phase. As we transition from Wave (5) to Wave (a), it's clear we...
DJIA (US30) could fall towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 39,065.38 which is an overlap support. Stop loss is at 38,500.00 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level. Take profit is at 39,598.96 which is a pullback resistance. High Risk...
Today, I'm analyzing the US30, and my Elliott Wave analysis suggests we might be nearing a pivotal moment for a potential downturn. From the chart, we've seen the US30 follow a clear Elliott Wave pattern, culminating in what appears to be the end of the fifth wave. The market seems poised for a corrective phase, which typically follows after completing an impulse...
Here's a fresh look at the NASDAQ (US100) where Elliott Wave analysis hints at a potential short opportunity. According to the wave pattern observed, we have just completed the fifth wave of a bullish sequence and are possibly transitioning into a corrective phase. The completion of wave (5) suggests exhaustion in the current trend, paving the way for a...
Hey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 18300 zone, NASDAQ was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 18300 support and resistance zone. Trade safe, Joe.