Index
SENESEX SENSEX - has formed an ending diagonal like most indices in the Indian market. This concludes a correction point for the markets. Price should remain bearish below the invalidation level (on chart).
Corrections can be seen up to 38.2 fib level (at 51,000 mark). Or lower.
This idea is based on the Elliott Wave Theory. Any investment/trade should be made with your own risk management.
✨ NEW: DXY ✨ DT SWING ✨SLO2 @ 103.85 ⏳
SLO1 @ 103.50 ⏳
TP1 @ 102.50 (shaving 25%)
TP2 @ 101.70 (shaving 25%)
TP3 @ 101.15 (shaving 25%)
TP4 @ 100.25 (closing ALL Sell Orders)
BLO1 @ 100.05 ⏳
BLO2 @ 99.55 ⏳
When the Price Action of DXY on the 1-Day timeframe is in a downtrend—on average—it will cause the following correlations:
AUDUSD — UT 📈 62% chance of an uptrend
EURUSD — UT 📈 72% chance of an uptrend
GBPUSD — UT 📈 72% chance of an uptrend
USDCAD — DT 📉 73% chance of an downtrend
USDJPY — DT 📉 86% chance of an downtrend
US500: Expecting Bullish Continuation! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current US500 chart which, if analyzed properly, clearly points in the upward direction.
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$DJI has been weak, can it keep going lower?We almost called top on the #indices.
DJ:DJI AMEX:DIA
Daily
Few days ago stated that it could drop 1k points.
Weekly
Yellow areas are the best risk reward entries, for a bounce or if we continue higher.
Monthly
Choppy action is 100% normal since 2018 (Only after CV crash it went straight up). This was not the norm prior to 2018. Usually had few months of up or down patterns.
#stocks AMEX:UDOW AMEX:SDOW
DXY - Be Prepared ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
DXY has been overall bearish trading inside the falling channel in red, however it is currently approaching around the upper trendline.
Moreover, the zone 103.5 is a strong supply.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue supply and upper red trendline.
As per my trading style:
As DXY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
DXY Local Short! Sell!
Hello,Traders!
DXY went up and hit a
Horizontal resistance level
Of 103.600 from where
We are already seeing a
Bearish reaction and I think
That we will see a further
Correction to the downside
Sell!
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NAS100: Long Signal with Entry/SL/TP
NAS100
- Classic bullish formation
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Buy NAS100
Entry - 14999.80
Stop - 14911.10
Take - 15132.86
Our Risk - 1%
Start protection of your profits from lower levels.
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