DXY - Strong buy on weekly and monthlyEURUSD dumped so hard back in the last quarter of 2022. It's time to revisit these levels and targets 1 & 2 are only inversely logical for DXY. Disclaimer: These are not trading signals. Trade at your own risk! Longby TulpenFieber0
S&P 500 ATH in Q1 on even yearsIn every even year S&P 500 reaches its ATH in Q1, which is followed by rapid and deep decline. Why can it crash? Look how similar S&P 500 behaviour between May 1986-December 1987 and October 2022-February 2024. The 1987 crash started on the way from 1.414 to 1.618 fibo. If the S&P 500 hasn't already topped on Feb 2 with a value of 4975, then the price range between the Fibonacci levels of 1.414 (5025) and 1.618 (5235) is the potential topping zone. From February 2 to mid-March, the peak is expected to occur. I'm not saying we will definitely crash, but a significant downward movement is anticipated soon. Basic scenario bottom: 4250-4500 Mid March - Mid May Crash scenario bottom: 3500-4250 Mid March - Mid Mayby nicktrdUpdated 9
SENSEXThe SENSEX has decisively surpassed a key resistance level, signaling a potential upward trend.Longby Kartik_Elkunchwar1
Dow H6 chartHello every one As we all expected, Dow starts a bullish trend from the first day of the week but we do not know if last week correction finished and what I have counted is correct or it is just wave b intermediate of ABC of wave 2 Primary. Note : There is another scenario that say we are in huge recession and what is happening is internal wave of an ABC cycle (or super-cycle) of a big bearish correction. ( But I do not believe in it). I am sure will face a dark recession in the market but it is nor for now. The worst problem for every trader is living a doubt and hesitation but we should learn it. Time will show us. Thanks Longby AMA_FXUpdated 556
Fib LevelsNot even gonna guess how high will it fly. Got higher than we expected already. Smoked bears, gone into hibernation. Here are the fib levels for your consideration. Notice price approaches the top Bolly Band. Not a lot of room left to squeeze but it could pump higher. Not overbought yet. Short when it gets there. Bewary.by DaddySawbucksUpdated 2216
NASDAQ (AND OTHERS INDEX) SHOULD HAVE CORRECTIONWhether it's a deep correction or it's gonna be a reversal that people are expecting for quite long, i believe it's time to SELL. #THEBIGSHORpartIIShortby steveivan4
sell at zone ~ intradayexpecting small fall from the zone . look for confirmation inside zone in smaller tf. - good for intraday trade - entry inside zone - sl is day close above zone - for target draw fib retracement from C to latest swing high , use 0.236 fib as tgt 1 (safe place for intraday), 0.382 as tgt 2 (risk takers). - don't trade , if u didn't get selling confirmation inside zone - if day close is above this zone , this pattern becomes invalid.Shortby rajeevmmails0
SPX Showing Signs of Weakness at PCZ of a Bearish Alternate BatThe RSI on the daily has begun to rollover as the SPX appears to have rejected off of the Bearish Alternate Bat HOP level. There does not appear to be much nearby support within the range the SPX is currently trading in so if it gets back below the previous All-Time High I could see it coming back down to around $5100 maybe even $5000 - $4800. This all seems to be brought on by the increase in JGB Yields disrupting the Carry Trade. We may see them try to stabilize the carry trade around $5100 but there is a heightened chance of failure. More on the carry trade can be seen in the related idea below. Shortby RizeSenpai2
Nifty As per our previous prediction nifty hits new life time high. Important support 22800 and resistance 23000. Closing above 23000 will open a new target 23240 and 23500.by saynazeer114
Looking for a continuation of todays bearsIf price gives me confirmation on the lower time frame I will look to sell. If this is the weekly pivot then price should trend down for at least today ad some of tomorrow.Shortby RosebudzzUpdated 110
Last week DOLLAR was Bearish this week DOLLAR Bullish...?TVC:DXY "It's not the size of the dog in the fight, but the size of the fight in the dog!" -Archie Griffin Last week the Dollar was str8 bearish with little to any bullish movement... Now that sellers have pushed price all the way down into a HTF Daily Demand Zone buyers came in at the end and pushed the dollar slightly back up... Now that price is currently trading above a Minor Support Level ($104.440) let' see if buyers can properly defend the demand/support levels and continue for higher pricing for the DOLLAR... 1) Sellers created a 4Hr CHoCh in Price and Mitigated the HTF Daily Demand Zone... 2) Now that HTF Demand Zone has been mitigated lets see if buyers can push price back up into ($105.000) which is a Major Key Level in the Market!! Lets stay focused and Manage as Professionals... #BHM500K #NewERA #Champions Longby TreyHighPwrUpdated 1
US30 GOING LONGGoing long from here after major downward move. Sitting at discount price area, mid risk set up good R:R on table. Im using lower than normal position size and risk. ULongby PassivePips110
YEN come back strongerI see a possibility that Yen will come back stronger this year. So i guess XXXJPY will drop signicantly . Just my point of view.Longby ewtradersbhUpdated 1
TNX RocketWanted to get this out there because I've been pretty bullish lately. Today that has changed after the market has changed rate cut expectations once again. TNX is flying as a result. This is a huge warning sign for tech stocks. Godspeed.Longby AdvancedPlays0
NIFTY Trading Plan for 23-May-2024 Context: On the 22nd of May, 2024, NIFTY traded near its resistance level of 22586 throughout the day. Due to the Bank NIFTY expiry, prices remained muted until the last 30 minutes, when we saw a breakout. NIFTY closed above the resistance level of 22586, confirming an upward move for the next trading session on the 23rd of May. Trading Strategy: Gap Up Opening (22700-22750): If NIFTY opens above 22700 and sustains this level during the first trading hour, it can move higher towards the target of 22800. Expect resistance near 22800. If prices do not sustain 22700 and start trading below this level, look for buying opportunities near 22600-22580. If prices break 22550, consider a short trade with a stop loss (SL) at 22590 and target 22465-22443. Flat Opening (Above 22600): If NIFTY stays above 22600, aim for a target of 22700. Above 22720, the prices can target 22800-22810. Look for buying opportunities with a SL at 22550. If prices start trading below 22550, wait and look for buying opportunities near 22465-22432 with a SL of 22400 and target 22580-22600. Gap Down Opening (Below 22538): If prices quickly recover and stay above 22600, aim for a target of 22700-22800 with a SL below 22550. If prices do not recover and stay below 22532 for the first trading hour, consider a short trade targeting 22465-22443. Below 22400, prices can potentially drop to 22300. Conclusion: Be prepared for different market conditions by setting appropriate stop losses and targets. Adjust your strategy based on the opening and early price movements. Disclaimer: This trading plan is based on technical analysis and market conditions at the time of writing. Market conditions can change rapidly, and it is important to conduct your own analysis or consult with a financial advisor before making any trading decisions.Longby LiveTradingBoxUpdated 7
BANKNIFTY Trading Plan for 23-May-2024 Context: On the 22nd of May, 2024, BANKNIFTY experienced volatile price movements. Despite recovering from the day’s low, prices closed below the resistance zone of 48080-48180. Here’s the plan for the 23rd of May: Trading Strategy: Gap Up Opening (Above 48000): If BANKNIFTY opens above 48000, buyers should consider buying if prices sustain above 48100. Targets for the upside are 48285 and 48477. If prices trade below 47852 after the gap-up opening, consider a short entry targeting 47620. Flat Opening: On a flat opening, buy if prices take support at 47852 with a SL below 47800. The initial upside target is 48080. If prices sustain above 48100, aim for 48285-48300. If prices fail to support at 47852 and trade below 47800, consider a short trade targeting 47620-47600. If prices slip below 47580, expect a further drop to 47300-47254. Gap Down Opening (Below 47700): Look for a buying opportunity near 47620 with a SL of 47580 and a target of 48080. If prices trade below 47580, consider a short trade with a SL above 47650, targeting 47300-47254. Conclusion: Adapt your trading approach based on the market opening and early movements. Always ensure stop losses and targets are well-defined to manage risk effectively. Disclaimer: This trading plan is based on technical analysis and current market conditions. Market conditions can change quickly, and it is crucial to conduct your own analysis or consult a financial advisor before making trading decisions.Longby LiveTradingBoxUpdated 8
Blood bath soon ?#Bloodbath #nifty50 Mark my words... Closing below 22800 could be lethal for the market.Shortby Ravisaini234334
dxy is getting beairsh again 💀 boost and follow for more❤️🔥 a recent fake out breakout past resistance zone, now sitting at a trend support.. I wont be surprised to see it slice through trend support and head down to 97-100 targets in the next few weeks or so 🎯Shortby Vibranium_CapitalUpdated 2218
US100Nasdaq index analysis Time frame 4 hours I expect to see a drop to the 18,300 range, then another bullish lag.Shortby m0neyminer0
NIFTY DAILY - 23/5/2024Nifty opens with positive note and bulls were aggressive from starting of the day, nifty made All Time High Record which is 22993 level with almost 369 points up which is around +1.64%. Nifty has formed a big body bullish candle with small lower and upper shadow. Candle is trading at upper Band of Bollinger Band and giving breakout of it. Double Moving Averages are giving Crossover on Daily Chart. Nifty has crossed the resistance level which was 22610 so further resistance can be 23059 level with support of 22716 level. Bank Nifty levels Support – 48677 Resistance – 48832 Today’s Advance Decline ratio of NIFTY50 Advance - 44 Decline - 6 FII Buy + 4670.95 crores DII Buy + 146.51 crores. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂by radha_235
GER30We just got a tap in the fvg, and we expecting sells to take out the previous low on the 1 hour timeframe.Shortby Beanieboyy2
Probability of triangle-type sideways pattern, analysis ideaDear analysts and traders, I trust this message finds you in good health and high spirits as you prepare to approach the upcoming week with renewed vigor. I extend my best wishes for continued success in all your business pursuits. It is essential to emphasize that sustained success in business hinges significantly on the consistent establishment and adherence to your principles. As an advocate of the Elliott Wave principle, I regard this methodology as a valuable instrument for market analysis. Over the past three years, I have honed my approach by amalgamating this principle with a meticulous evaluation of diverse market scenarios. I strive to mitigate market uncertainties by upholding a broad spectrum of market perspectives, enabling me to discern market structures with utmost precision. I am pleased to share my analysis with you, with the disclaimer that I do not offer buy or sell recommendations. My perspective on analytical ideas remains entirely impartial, and if my analysis aligns with your standards, it can serve as a compass for informed decision-making. I have enclosed my prior analysis of the same market for your perusal and comparison. All aspects of my analysis are clearly delineated for clarity. Nevertheless, familiarity with the Elliott Wave principle theory facilitates comprehension of the analytical concept. I apologize for the repetitive nature of the text, as my week is occupied with formulating analytical and educational ideas, as well as engaging in trading activities and managing my social networks. Due to time constraints, I am unable to provide textual explanations for every idea, hence the inclusion of a separate text alongside the labeling. Should the text be unclear, I am available to elucidate the key points. My rigorous study of the Elliott Wave Principle spanned nearly three years, during which my grasp and utilization of this invaluable tool evolved. My progress thus far stands as a tribute to the legacy of Ralph Nelson Elliott, whose brilliance underpins my accomplishments. May he rest in peace. I am grateful for your unwavering support and benevolence, and I eagerly anticipate your feedback and constructive criticism. May my analysis serve as a valuable asset in your business endeavors, and I remain yours sincerely, Mr. Nobody Previous analytical ideas The classic zigzag pattern (Diagonal Wave C) Bearish market scenario (Bigger Flat) Shortby mehdi47abbasi797
US100US100 just broke the last HL. Just enter the bearish trend. Bearish divergence also form . we sell at CMP.Shortby Naqash91225