Dowjones Potential UpsidesHey Traders, in the coming week we are monitoring US30 for a buying opportunity around 33200 zone, US30 was trading in a downtrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 33200 support and resistance area.
Trade safe, Joe.
Indices
S&P 500 Daily Chart Analysis For Week of Oct 6, 2023Technical Analysis and Outlook:
The index's downward trend this week kicked on the seat of the pants of our projected target, Inner Index Dip 4212, repeatedly. Mean Res 4340 and even extend to Mean Res 4400 on the radar for the upcoming week's trading action; however, reignited Pivotal Down Move from Mean Res 4400 could weed out weak trading trawlers.
NIFTY INTRADAY LEVELS FOR 06/10/2023" SYMMETRICAL TRIANGLE PATTERN "
BUY ABOVE - 19460
SL - 19430
TARGETS - 19500,19560,19600
SELL BELOW - 19430
SL - 19460
TARGETS - 19380,19330,19260
NO TRADE ZONE - 19530 to 19570
Previous Day High - 19570
Previous Day Low - 19490
I am sharing NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BANK NIFTY INTRADAY LEVELS FOR 06/10/2023BUY ABOVE - 44230
SL - 44170
TARGETS - 44310,44390,44550
SELL BELOW - 44120
SL - 44190
TARGETS - 44040,43960,43860
NO TRADE ZONE - 44120 to 44230
Previous Day High - 44390
Previous Day Low - 44120
I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Nas100 Breakdown, Is The Bullish Trend Over ?Hello Traders , This is FX:NAS100 BreakDown on the HTF so the Summary of this is this we starting breaking down some Weekly Structure and we found a monthly FVG that gonna be filled is Aligned perfectly on SSL but before that we gonna see a kind of Manipulation before the distrubution to the downside so yeah the Bullish movement is over after the Manipulation happens!
DAX: Channel Down bottom buy to 15,500.DAX touched the bottom of the Channel Down today and immediately reacted positively. The 1D timeframe is bearish technically (RSI = 33.050, MACD = -53.850, ADX = 44.059) but the RSI double bottomed inside a Zone same way it did on the August 18th LL. We are long, aiming at a +3.73% rise (same as August) as so far the bearish legs at least have been symmetrical. We may see a 1D MA50 test there (TP = 15,500).
Prior idea:
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S&P500: Megaphone bottom buy.The S&P500 is technically oversold on the 1D timeframe (RSI = 32.251, MACD = -54.210, ADX = 44.088) but is gathering some bullish momentum on 4H (RSI = 41.446) as the price hit the 1D MA200 and bottom of the Megaphone to form a LL. In addition, it hit the 0.5 Fibonacci level from March's low. This has high chances of evolving into a technical LH rebound, especially with the 4H RSI on a Bullish Divergence. If it holds, we are long, targeting the 4H MA200 (TP = 4,375). If it fails, we will short, targeting the 0.618 Fibonacci level (TP = 4,115).
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Is NASDAQ ready to reverse?Decline for the US technology stocks index, closing the session sharply lower with a loss of 1.83% from previous values. The start was weak for the index, which began the day at 14,744 points above the previous session's bottom, only to worsen its performance throughout the meeting and end even lower at 14,565.6, the session's lowest level. The technical picture of the Nasdaq 100 signals an expansion of the negative trendline with a descent to the support seen at 14,475, while to the upside, it identifies the resistance area at 14,746.9. The forecasts suggest a possible further decline with the target set at 14,384.3. Key levels: Resistance at 15,020 and Support at 14,380. Furthermore, I note that the price is currently in a potential recovery, confirmed by the break of the previous swing low at the level of 14,810 and the creation of a new swing low at 14,650. Today, we will have the US ADP NFP and later ISM Service data. Finding potential entry points will be slightly challenging, considering potential volatility that could affect the market following the news release. My view is bullish, and I will seek an upward movement until the level of 15,000. Let me know what you think. Happy trading and greetings from Nicola, the CEO of Forex48 Trading Academy.
NAS100 TRADE IDEANasdaq 100 began the trading week with strong sell candles and eventually enters a bullish trend at the open of the New York trading session yesterday. We have NFP on Friday so we should expect high volatility at any point in time this week and trade with strong risk management. Nasdaq 100 closed slightly Lower yesterday with bearish candles. We should see strong retracement to the upside after a retest to the downside before or after the open of the NY trade session.
NASDAQ Potential DownsidesHey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 147700 zone, NASDAQ was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
Dowjones potential downsidesHey Traders, in tomorrow’s trading session we are monitoring US30 for a selling opportunity around 34150 zone, US30 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 34150 support and resistance area.
Trade safe, Joe.
S&P 500 Daily Chart Analysis For Week of September 29, 2023Technical Analysis and Outlook:
Based on this week's trading action, the Inner Index Dip 4212 seems to be experiencing a bias to a continued downward side pattern. The Mean Sup 4246 is playing a crucial role in holding the price. But, there's a chance that the market could rebound to Mean Res 4340 and even extend to Mean Res 4400 on the upside potential.
US30 ON A MASSIVE BULLISHThe stock had been on a steady fall in price but that recent change in trend by a new higher highs is an evidence that weather its a pull back or bullish move is ready for a continued move that may reward bull traders with lots of pips reward,
According to DANCOLNATION CAPITAL trading strategy, we are to wait for a new retest as shown by our arrow movement then we can join catching the moves with a good price
If the S&P500 is to bounce, surely it should be today?We all know that global indices have been under pressure whilst the US dollar and bond yields scream higher. But with the S&P 500 respecting key levels of support and forming a bullish hammer on Wednesday, perhaps it is time for at least a sympathy bounce?
Furthermore, the hammer low perfectly respected trend support and closed above the 200-day EMA, with a bullish RSI (2) that curled higher from oversold and the RSI (14) is itself nearing oversold.
We're not looking for a strong risk-on rally, but a small bounce (perhaps towards the August lows of 4400 gap resistance level) may not be such a crazy idea. At which point we could seek evidence of a swing high and a potential break of trend support.
Naturally, an immediate break of yesterday's low would also invalidate trend support and likely signal its next let lower.
S&P500 Entered the 2 year High Supply/Demand Zone. Will it hold?Time to leave the short-term charts for S&P500 (SPX) aside and look again at the long-term ones as the price failed last week to recover the 1D MA50 (blue trend-line) and is extending this week the decline towards the 1D MA200 (orange trend-line).
** Higher Lows and 2-year Supply/ Demand Zone **
It hasn't yet hit the Higher Lows trend-line that started on the October 13 2022 market bottom but has entered a 2 year High Supply/ Demand Zone, which has acted as the strongest Pivot Belt since October 2021, with 4 registered holds (green arrows) and 4 rejections (red arrows). It is clear that the market considered it a key during the previous Bear Cycle as well as the Bull Cycle.
** Inflation Crisis vs Subprime mortgage Crisis **
As you can see on the chart, we compare this Inflation Crisis price action with the bottom and subsequent recovery of the Subprime mortgage crisis in 2009 - 2010. The curved bottom on the 1D RSI suggests that we are so far aligned to a certain extent with the first susbtantial correction of the recovery which on May 06 2010 hit (and breached) the 1D MA200. The bottom was priced 2 months later on the 0.382 Fibonacci retracement level.
** So what now? **
The 0.382 Fibonacci on today's sequence is on 4185, marginally above the bottom of the Pivot Zone and almost where the 1D MA200 is currently. This presents us with the probability that if the Higher Lows fails and the 1D MA200 breaks, the market has high chances to consider the bottom of the 2-year Pivot Zone as a High Demand level again. If that happens, we will be buyers for as long as 1D candles close above the bottom of the Zone. Based on the 2009 - 2010 price action, it can rise towards the -0.236 Fib ext and reach the 4820 All Time High (ATH) by Q2 2024.
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BANK NIFTY INTRADAY LEVELS FOR 27/09/2023BUY ABOVE - 44780
SL - 44680
TARGETS - 44890,45000,45180
SELL BELOW - 44550
SL - 44680
TARGETS - 44420,44250,44100
NO TRADE ZONE - 44550 to 44780
Previous Day High - 44780
Previous Day Low - 44550
I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
US indices plunge, US30 below 30,000 ptsUS stock indices came under selling pressure on Friday following European markets close. As indices from the Old Continent finished the day significantly lower, now pessimism might be spotted on US stock exchanges. Currently all major US indices are plunging more than 2%. The Dow Jones Industrial Average (US30) fell below 30,000 pts, which was a critical support earlier.
We can expect further test of the diagonal support (in yellow below) to be tested around thee 29000pts level.
Comment your opinion below...