SPX500 Local Short!SPX500 went up to Retest the horizontal Resistance level of 5323.37 From where we will be Expecting a local Move down !Shortby kacim_elloittUpdated 2214
Nifty following this range strictlyNifty 50 following this range before elections, may continue this even after elections, if this follows after elections then according this this chart we may see uptrend on/after 4th juneby lt9016940
I don't want to be pessimistic, but caution would be good!The Volatility Index of the S&P 500 (VIX) is a very good indicator of reversals in the S&P. - If the red trend line is broken, the trend can change. - The VIX has reached a new all-time low since 2019. - On the 3-line indicator, the mid-trend and long-trend lines crossed bullish, which means the VIX can go up and will send the S&P down (orange line). - It shows a rare bullish signal on the chart, which is bearish for the S&P. If the VIX reverses, we could see a situation similar to December 2021. I don't want to be pessimistic, but caution is advisable.Longby ValerianK3
Buy Setup Currently Trading At 38823 , Buy On Dip Till 38593 For The Target 39468--39778 Longby FibooGannUpdated 1
TASI bullish trendThe Tadawul All Shares Index (TASI) concluded its most recent trading session at 11,082, reflecting a positive gain of 59 points. Notably, the index has surpassed its previous resistance level of 10,987, which has now transitioned into a crucial support level. The subsequent resistance level is anticipated to manifest around 11,198. Current market patterns imply a potential upward momentum, contingent upon the index maintaining its support level at 10,987. This sentiment is reinforced by the parabolic SAR, which signals an upward trend in the market. Market Summery Close: 11,082 Change: +59 Volume(mln): 239 RSI: 63 High: 11,082 Low: 11,002 Pivots R-3: 11,122 R-2: 11,055 R-1: 10,948 PP: 10,881 S-1: 10,774 S-2: 10,707 S-3: 10,600Longby mbaberhanifUpdated 2
SELL USD INDEXSELL POSITION USD INDEX ENT : 104.928 SL : 105.075 TP : 104.63 1- to day news + sentiment 2- please trail sl after 10 pipsShortby pouriya_kd0
NAS100...The Trend Continues with confidenceNow that the ATH was yet again broken and the Monthly still has time on it's hands (15 Days)...It's time to shake off the miscalculated bearish trade and continue trading what this historically bullish market gives consistently... HL's to HH's I will be waiting for my next entry point of a completed HL before continuing with the trend. #aubersystem #auberstrategy #whywewait #zigzagtheoryLongby AuberstrategyUpdated 449
FTSE Retreats to Key Fibonacci LevelsAfter powering to all-time highs at the start of the month, the FTSE 100’s uptrend has started to falter with the index pulling back more than 300 points during the last two weeks. Let's explore the reasons behind this pullback and identify key levels where the index might find support. Why is the FTSE Falling? Rising Bond Yields: Concerns about prolonged high global interest rates have driven bond yields higher, making bonds more attractive compared to stocks and putting downward pressure on the equity market. Strong Sterling: The British pound has surged to a 21-month high against the euro due to persistent inflation in the UK. Investors are speculating that the Bank of England will delay rate cuts longer than the European Central Bank. A stronger pound negatively impacts FTSE’s multinational companies. Natural Market Cycles: It's crucial to recognise that uptrends often experience periods of correction. These pullbacks are not necessarily the end of a trend but can present opportunities to enter the market at favourable risk/reward levels. Key Levels to Watch The FTSE’s pullback has brought it to some significant support levels that could potentially halt the decline if the long-term uptrend resumes: 50% Fibonacci Retracement (April Swing Low to May Swing High): The recent trend from April to May offers a smooth basis for Fibonacci retracements. The FTSE has now reached the 50% retracement level of this move, making it a critical point to monitor. 50-Day Simple Moving Average (50MA): This moving average coincides with the 50% Fibonacci retracement level mentioned above, adding further weight to its importance as potential support. February 2023 Highs: Before the breakout in April, the highs from February 2023 served as significant resistance. In an established uptrend, former resistance levels often become support as traders look to buy back in. 38.2% Fibonacci Retracement (October 2023 Lows to May 2024 Highs): Fibonacci retracements can be taken from longer term trend legs and this is a prime example. A 38.2% retracement of the impressive run higher from October 2023 to May 2024 comes in just below the levels mentioned above and should be closely watched. FTSE 100 Daily Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. by Capitalcom0
BUY NASQADAs you can see on the chart, the price now came out of the strongest zone of the volume profile and heading up to the IC in which you'll get a short entry. This might be a risky trade, manage your risk!Longby YassineAnalysis1
DXY Expecting the market to move as noted. Using SMC and price action makes it easy to understand the marketby fatttane113
NAS100 Will Grow! Long! Please, check our technical outlook for NAS100. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 18,679.71. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 18,824.15 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider226
NASDAQ BUY NOWHi Traders we have NASDAQ BUY TRADE we have been on Uptrend since 3 May. We have hit Higher High and retest on higher low. Entry Reason Higher low act as support level H1 Bullish Engulfing Moving Average Please share your results and comment. Certified Price action kingLongby Low-keyFXtrader3
Italian Law & Eur Affect the MIBToday, the European market started lower, strongly influenced by the rise in global bond yields. This has affected confidence ahead of the release of long-awaited inflation data at the end of the week. Yesterday Wall Street showed some weakness coupled with the Asian market also closing in losses, partly under pressure from rising US Treasury yields as inflation concerns are influencing talk of keeping interest rates higher for longer than desired and expected by analysts. This kept the 10-year bond near its lowest level in recent weeks. German consumer prices released yesterday rose more than the market forecast in May, so this ensures that attention will be even more focused on the eurozone tomorrow. Expectations are for eurozone inflation to rise by 2.5% year-on-year in May, up from 2.4% in April, which would prompt the ECB to react by cutting rates next week, but this moment of uncertainty is making investors and speculators alike nervous. During the first hour of European trading, the market has turned around recovering those lost positions and Europe is currently in “thinking green”. This may be related to the fact that the ECB may not have to worry about the dollar for a while and may concentrate on finding a path to stability as they believe the EURUSD will remain sideways as a carry-on-trade currency, which was a very strong focus of concern as a 1% drop in the euro against the dollar according to Swiss Re means about 12 basis points of inflation in the euro zone, hence this could be felt as a risk to European prices. With a defensive dollar, this risk has softened. The May meeting has greatly tempered the waters of a Jerome Powel looking to cut interest rates. Focusing our attention on the Milan Stock Exchange, already on the 27th the Italian parliament has supported a bill to shore up its stock exchange trying to attract investors and trying to compensate for the losses of important companies that were listed on it due to other markets and acquisitions that have taken place. This plan, although it may seem counterproductive and discourage foreign investments, allows companies to issue shares that increase up to 10 times the voting rights of old investors, while Italy seeks to curb relocations to the Netherlands, which seems to be the country of choice for companies that make it easier for established shareholders to maintain tight control over companies. This provision has infuriated large funds that are pro: “one share, one vote”, which prevents the concentration of power in the hands of a few. Although there are lawyers arguing about the ambiguity of the bill, the government has committed to review a possible law amendment by the end of the year. Looking at the chart, since the publication of the amendment, the index has lost -2.65% until today's opening. The European trend has meant that today the FTSE MIB (Ticker AT: ITA40) has recovered 0.90%. What is clear is that if this uncertainty continues to be sustained, it is possible that an oversold situation will exist throughout the summer until this law is corrected. In a one-hour chart, at this moment, the price formation has a mono-bell disposition with a checkpoint price around 34,846 points. Currently the current range is between 34,876.19 and 33,988.40 so it could be said that it is exactly in the middle of the channel. The RSI is currently around 47% so there is hardly any imbalance. It is very possible that we will see the index fluctuating around that price average for a season. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. ILongby ActivTrades1
NASDAQ Another 2 weeks of consolidation possibleNasdaq (NDX) made the bullish break-out that we largely expected as described on our previous idea (May 15, see chart below) and almost hit our 19100 Target: Right now we see a short-term pull-back, which based on the November - December 2023 fractal (green ellipse), should be at worst a 2 week consolidation. The 1D RSI also shows that symmetrically we should be at a point similar to December 06 2023. That fractal then rose for a Higher High on the 2.236 Fibonacci extension. As a result, our medium-term Target is now set at 19900 (just under the 2.236 Fib and top of the 1.5 year Channel Up). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot17
$DXYgoing back down to test that pesky support then 3rd attempt at losing the 200 ema IF we go back above yellow line then supply zone above will slap it back down imo Shortby CompoundingGain2
DXY Will Go Up! Long! Here is our detailed technical review for DXY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 104.746. Taking into consideration the structure & trend analysis, I believe that the market will reach 104.949 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 111
Levels discussed on 30th May Livestream30th May DXY: Retracing, needs to stay above 105 support to maintain bullish, could retest 105.50 NZDUSD: Sell 0.6070 SL 20 TP 65 AUDUSD: Buy 0.6615 SL 25 TP 55 USDJPY: Buy 156.90 SL 40 TP 80 GBPUSD: Sell 1.2680 SL 20 TP 75 (Hesitation at 1.2345) (Double bottom opportunity) EURUSD: Sell 1.0780 SL 20 TP 50 USDCHF: Buy 0.9105 SL 20 TP 40 USDCAD: Sell 1.3710 SL 25 TP 50 Gold: Likely to range between 2330 and 2350 by JinDao_Tai6
QQQ Q2 24 FORECAST (RE ENTRY)First entry failed (rare case senario) so here is a more detailed chart with alternative entry points where i expect reversal even tho ive been crying wolf (recession crash) im not looking for it just yet but market doesnt wait for anyone now does it maybe it may lead to a retracemnt for bearish continuation ill update for interested partiesLongby Bekiumuzi_DubeUpdated 5518
US100 next move in 30 minmarket is expected to pump to the upside reason being -Market just filled a fair value gap in 30 min TFM -Market formed a reversal pattern in 15 TFM(Double Bottom) NOTE!!!! PRICE MIGHT PULL BACK TO FILL A FVG IN THE REVERSAL PATTERNULongby SessionTraders2
Nifty taken supportNifty taken support from trendline on daily chart May see upside momentum in may expiryLongby sharequUpdated 1
SHORT IDEAMy bias is still favoring the short side, Targets and annotations made in the chart. 18300 possible short targets. Key levels and annotations made on the chart. Once the stop level of 18549.9 is breached, the idea is invalidated. As usual, manage risk and conserve capital.Shortby Quantum_LabsUpdated 2
Dollar Index (DXY): Pullback From Key Level Dollar Index nicely respected a key daily horizontal resistance. I see a double top formation on an hourly time frame and a confirmed violation of its neckline. I think that the market may drop at least to 104.43 before the news. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader4410
Strong Bounce Off SupportDXY is trading within an ascending channel. if DXY holds this level and heads to the top of the channel, then BTC will breakdown from the ascending channel it is trading in (you can see my post). There is no chance both of them will continue to rise toward the top of the channels. either btc will break down or dxy, and so far dxy has shown more strength. by SforShiraz1