USNAS100 New Forecast The price reached the resistance level at 18250, beyond which it is poised to initiate a bearish trend as long as it remains below this threshold, targeting 18095 and potentially extending down to 17950. Conversely, the primary bullish scenario would entail breaching the 18250 by closing a 4-hour candle above it, paving the way for an...
As expected, the price has pulled back towards the support level around 2330, which I mentioned in my previous post. XAUUSD price has been ranging near the previous day's low, having fallen from its recent highs. The channel border, which acts as upward trendline and a swap zone, is now being tested. This support level previously acted as resistance, holding the...
Stock Index Futures Show Little Movement Ahead of Key U.S. PPI Data and Powell's Remarks Federal Reserve Vice Chair Philip Jefferson emphasized on Monday that maintaining current interest rates is prudent until there's clear evidence that inflation is on track to meet the Fed's 2% target. Describing the Fed's policy stance as restrictive, Jefferson voiced...
BankNifty Weekly Demand Zone setting up as a potential entry point
Nifty Financial Services has a created a strong weekly demand zone. This zone can act as a potential trap where retail traders and investors will take their exits if the market falls. The Election results in India could lead to this fall and from the weekly demand zone we may expect to see a rally in price
Daily Chart Analysis: A long-term bearish channel is evident. Additionally, a mid-term bullish channel is clearly visible. 1-Hour Chart Analysis: A short-term bullish channel has formed. Trading Strategy: Await a breakout above the zone to consider long positions. Alternatively, short trades could be initiated after a break below the weekly pivot at 1.07605 and...
H4 Analysis: Bias/Analysis remains the same as analysis dated 13 May 2024. -> Swing: Bullish. -> Internal: Bullish. Price has printed a bullish BOS. After bullish BOS expectation is for price to pullback. We have nested Daily and H4 supply levels where price is expected to initiate pullback. CHoCH is positioned at quite a distance away from current price,...
Hi Guys, its been a long time since i published an analysis. and I'm back again Gold sore the other day and reached the 2379 level which was the resistance, and has managed to cool off those buyers. As always there are some demand and supply levels to take trade from. Our immediate demand level would be around 53-49 which upon reaching, with confirmation we...
Render is reacting more than others and it seems to be in an different market structure here as we have been building more higher higher lows and higher highs when zooming out. Currently we are on the edge of the MDay-Low range, we are looking for a sweep of this Weak Low and the MDay-Low right into the 1H demand zone and the range low. The volume profile should...
Price grabbed liquidity and create ChoCh then build another liquidity Great area to sell, still waiting for LTF confirmation
After surging by around 16% at the start of the month, Bitcoin has been retracing since the beginning of the week. A very nice setup has been taking shape since May 6. I told you about it last Thursday, but it's still going strong, especially as a range is now up for grabs! (grey zone) A CHoCH was created at $64714, which made me go long. The price is now...
Last week, I shared my views on the SPX500. The first liquidity zone I was aiming for was $5219, which has now been reached. So there are only 2 important liquidity zones left before the ATH! ✅ 5243$ ✅ 5265$ So I'm going long on the SPX500! A slight retracement to $5146 could be an interesting entry point for a purchase. Feel free to subscribe and boost this...
PEPE, the meme-inspired cryptocurrency, has exhibited a bullish breakout on the hourly chart, suggesting a potential continuation of its upward trend. The price action and market indicators hint at a strong possibility for further gains. Ascending Trendline and Liquidity Gaps: PEPE has been trading along an ascending trendline on the hourly chart, creating...
Gold created an ascending triangle pattern following a test of a horizontal support level on a 4-hour chart last week. The pattern had a strong horizontal key level as its neckline, which was successfully broken and closed above last week. I anticipate that the market will experience upward movement in the near future, with potential targets at 2360 and 2380.
Good morning Traders, This is my sell zone for today 💡 Nothing clear to be honest just this zone created on Asia session. It’s a risky one as Asia High is resting above, but will monitor and see how it reacts. We have news today so we might see low volume until news time. Keep it safe 🤝 Trade smarter, not harder! 💼📈 Don't miss out on potential gains - Hit...
Good morning Traders, This is my sell zone for today 💡 Nothing clear to be honest just this zone created on Asia session. It’s a risky one as Asia High is resting above, but will monitor and see how it reacts. We have news today so we might see low volume until news time. Keep it safe 🤝 Trade smarter, not harder! 💼📈 Don't miss out on potential gains - Hit...
Higher timeframe outlook for gold most likely scenario now is short period of back and forth, or a bit deeper pullback, in both cases followed by new bullish continuation. Look at LTF for further confirmation
1h: BTCUSD is extremely bullish overall. However during March and April we see signs of local distribution and\or reaccumulation in development, with most recent pressure into direction of 59k. So we are bullish on HTF, but a chance of local pullback is high right now, at least until we start to build demand chains to the upside ☝️Do not act based on my...