DXY death-slide but will Regain value. BTC BULLS up next Smart money red trendline different from regression trend. Smart money contraction shows a stop at POI means downtrend then BTC moves up in BULL POWER. DXY same pattern but in different volume Shortby The_ForexX_Mindset10
US Dollar at Key SupportThe USD decline settled into key support last week at 104.15/36- a region defined by the December high-close (HC), the 38.2% Fibonacci retracement of the December rally, the measured head-and-shoulders objective of the April breakdown, and the 200-day moving average. Note uptrend slope support also converges on this threshold over the next few weeks and the immediate focus is possible price inflection off this zone with the bears vulnerable while above. Topside resistance is eyed at the 105 -handle and is backed 105.58/63 – a region defined by the 61.8% retracement of the recent decline, the January 2023 high, and the March high-day close (HDC). A breach / close above this threshold would be needed to suggest a more significant low was registered last week and shift the focus back towards the yearly HDC at 106.37 . A break / close below this key support zone would suggest a larger trend reversal is underway with such a scenario exposing the 2023 yearly open at 103.49 . Key longer-term support remains unchanged at 102.75/99 . Bottom line : The US Dollar is responding to confluent uptrend support with the weekly opening-range taking shape just above- looking for evidence of an exhaustion low here. From at trading standpoint, a good region to reduce short-exposure / lower protective stops – losses should be limited to 104.15 IF the broader uptrend is to remain viable. Ultimately, a close above 105.63 would be needed to mark resumption of the broader uptrend. Michael Boutros @MBForex by FOREXcomUpdated 5
Bullish Dow JonesUS30 been bearish for bout 1 week and half, Price now reaching a bullish key level. We are goin to monitor price action on low timeframe and waiting for bulls to kick in.by Capitalist_ninja114
DXY Recover LossDXY Reovery I’m already asking in my old analysis DXY Will go up and recover lossLongby Kashif_chaudhary0
NAS100 SELL 1 HOUR TIME FRAMESTRONG SUPPLY ZONE Price has to feel the gap below Expecting a 5:1 reward, Let's see!Shortby sebbyj62
Nifty - Expiry Ending 30th May 2025Nifty closed above the channel mid line last week. Hence, unless it falls below this middle line, I won't go short. I will wait for a retracement and go long till the channel top. Again, to remind that I won't take any trade if Nifty doesn't work as per my analysis. Thank you! ------------------------------------------------------- INSIGHTS: ------------------------------------------------------- As usual, I will keep sharing my insights which are based on my personal experience in trading. 1. Please stop watching foreign markets, it won't help but will corrupt your viewpoint and ultimately you will either lose an opportunity or make a loss. 2. Market will not keep taking SL again and again, it has to decide a trend after some time. But if it takes 2-3 SL, just stop and wait for another opportunity. 3. In case you have 2-3 SL hits, immediately stop looking at market, leave your computer, watch some movies or go some place with family or do any other leisure activities, but just get the market out of your head, believe me it helps a lot. 4. If there is a SL, DO NOT THINK TWICE, JUST EXIT, IT IS JUST 20-30 POINTS, you will be getting 100 - 300 points in another trade if you simply take SL this time without thinking twice. But if you show ego to market or think that let me watch for some time, you will definitely regret it. Sometimes you may be right, but that will be just pure luck and gambling. 5. Trade with long term view point, even if you are initiating an intraday, have a weekly viewpoint, so that you will have conviction to either carry forward or just exit if you are not convinced. Longby nksproUpdated 7
NASDAQ Double Top 2021 + 2024Do you think "markets only go up?" Did you know that, accounting for inflation, the nasdaq has not exceeded 2021 levels? Even with nvda and the AI rally, we're only really at 2021 levels (!!) in real dollar terms. Here is the nasdaq price divided by US CPI. This is a potential "double top." If the fed don't move the rates down to 0% immediately, I suspect we'll see a slow grindy "deleveraging." My guess is that you're seeing a slow motion crash that could take a decade to resolve.Shortby decklyndubs4
lazy bulls have awaken, maybe? wake up!!!! It seems bulls have awakened!! flat to bullish Longby thesniperUpdated 1
#Banknifty:30th May#Banknifty: 30th May Step1: if G/D take long between 48141-48318 S1.Exit -48642-R1 Step2: On Flat open if hourly close sustains 48642 till 2PM get long...else no trade. Step3:if index close between 48021-48116, carry confirmed long...5th June seriesby rudrajit_deb1
Distribution on DJTSeeing distribution on Dow Jones Transportation index on monthly chart. Dow Jones Transportation Index is going down.Shortby T-r-X0
A Boost Ahead For US Index?Dear Traders, PEPPERSTONE:USDX Here is my technical analysis view for USD INDEX. The USD might rose up to 107.500 level in upcoming weeks after touching the 4th Support point in Ascending Channel. This is also was supported by SMA 200 crossing the yesterday Hammer Candlestick. If the today session successfully closed up, we can expect the dollar is in bull run. Longby ERUDITE_880
DJ30 shortHas been falling throughout Asian session further. I would be careful around the next zone 38570 and if there are any reversal patterns in M15, otherwise you can take any pullback (highs in RSI) and pull the trigger. Is pretty safe now :)DShortby UnderlayerUpdated 1
SHORT IDEA Anticipating a continuation lower during this session and continuation during the New York Sessions. Longs seem unfavorable Annotations and anticipated key levels made in the chart for partials and potential targets. Once the stop level of 18670 level is breached, the idea is invalidated and will be on the sidelines for a new opportunity. As usual, manage risk appropriately and conserve capitalShortby Quantum_LabsUpdated 2
NIFTY 660+ Points GainAfter a massive week of 660+ points gain, NIFTY has given a SHORT opportunity yesterday. Days of volatility, guys! BIG money. Everybody is talking about the co-relation of election results. And why not, market being driven by fundamentals in full power and josh. A big move is still pending, I dont know if thats gonna happen on Monday 3rd June, 4th June or 5th June. There is a possibility of big gap-ups and gap-downs on these days, specifically. So, BTST traders, you better watch out and be careful. Risk management is key. Also, position sizing needs to be watched. You would not want to go in big with a hope to capture big move, only to witness a rude reversal. NO POSITION IS ALSO A POSITION! So, be careful, and enjoy the fireworks, gonna start any time now.by ProfitsNinja1
Almost RipeAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.Shortby THE_APIS_TRADERUpdated 1
Hang Seng LongHang Seng at an important level. If we can get above the 236 shown here and hold the rally may continue. Next big resistance will be the weekly 200 MA. Trading ZCH Canadian ETF for this one, looks a bit different but follows closely. Longby tradersteve22Updated 0
Victorious Surge: Bullish TK Cross on the Horizon!Today, the Heikin Ashi candle closed green at 26,146, while the traditional OHLC candlestick closed at 27,089. With yesterday's candle being red, we are on the brink of a bullish TK cross tomorrow. It's like winning the English Championship League, similar to Mo Salah scoring the decisive goal. HOOOOORRRAy!Longby ICHIMOKUontheNILE1
Thorough Analysis of Tomorrow's Performance on the IndexIn the last 9 days, the price has made a comeback to the trend line after playing outside it for 11 days, much like a footballer returning from a red card suspension. It's still dribbling below the red Kumo cloud, signaling a bearish trend, akin to a relegation battle. Today's Heikin Ashi bar is solid red with a long wick that's 1.5 times the size of the bar, showing strong selling pressure as the price broke through the support at 26,947 before making a comeback, like a last-minute goal to save face. For the past three days, the price has been playing like a striker who just can't beat the goalkeeper at 27,620, confirming it as a rock-solid resistance point. Meanwhile, the Renko bars show a green bar, hinting at some positive momentum, much like a team scoring a consolation goal. However, the price is still playing in the relegation zone below the Kumo cloud, with the Chikou Span diving like a player exaggerating a foul, reinforcing the bearish sentiment. The Kijun Sen at 27,149 is flat, acting as a dependable defender and serving as a support level above the Senkou Span B at 26,817. The Tenkan Sen, with an upward angle of 31 degrees, is showing some attacking potential but still 2.27% below the Kijun Sen, indicating a potential short-term upward play within the overall bearish trend. Today's trading volume is on par with yesterday's, but it's painted red, showing more selling pressure, much like a referee brandishing cards in a heated match. It's above the 9-day moving average, suggesting the current movement has relatively high participation, and might be significant, just like a derby match with high stakes. The first green Renko bar after a series of red bars is a significant bullish signal, indicating a potential reversal in the prevailing bearish trend of the EGX30 index. This green bar suggests that the bearish momentum is weakening and buying interest is emerging, particularly around key support levels at 27,149 and 26,947. It highlights a shift in market sentiment from bearish to bullish, aligning with the upward angle of the Tenkan Sen. This signal is particularly important as it filters out minor price fluctuations and focuses on substantial price movements, providing clearer trend identification. Investors should consider this development in their strategies, while also staying mindful of geopolitical tensions that may impact market volatility. Thorough Analysis of Tomorrow's Performance on the Index Current Market Conditions: Trend Line and Price Movement: The price has recently reverted to the trend line after trading outside it for 11 days. Still trading below the red Kumo cloud indicates a bearish trend. Heikin Ashi Bar: Today's Heikin Ashi bar is solid red with a long wick, suggesting strong selling pressure followed by some buying interest. This long wick typically indicates indecision in the market or potential reversal. Support and Resistance Levels: Strong resistance at 27,620, as the price failed to break through this level for the past three days. Current support at 27,149 (Kijun Sen) and another at 26,947. Ichimoku Components: Trading below the Kumo cloud (bearish). Chikou Span is sharply declining, reinforcing the bearish sentiment. Flat Kijun Sen (27,149) acting as a support level. Upward-angled Tenkan Sen (31 degrees) but below Kijun Sen by 2.27%. Volume Analysis: Today's volume is similar to yesterday's but red, indicating more selling pressure. Volume above the 9-day moving average suggests significant market participation. Geopolitical Tension: Geopolitical tensions can increase market volatility and uncertainty. Investors often seek safe-haven assets during times of geopolitical stress, which can affect equity markets negatively. Prediction for Tomorrow’s Performance: Given the current indicators, the index may continue to experience downward pressure. Here are some potential scenarios: Bearish Continuation: The prevailing bearish trend below the Kumo cloud and the sharply declining Chikou Span suggest continued downward movement. Strong selling pressure indicated by today's red volume suggests that bearish sentiment may continue. Potential Reversal Signals: The long wick on today's Heikin Ashi bar indicates possible buying interest, which could signal a short-term reversal if supported by positive price action tomorrow. The Renko bar showing green suggests some positive momentum, though this is less reliable given the overall bearish indicators. Investment Strategies for Different Types of Investors: Conservative Investors: Sell Rally: Consider selling into any rallies, especially if the price approaches resistance at 27,620 without significant bullish confirmation. Stop Losses: Place tight stop losses above key resistance levels to limit potential losses. Diversification: Shift a portion of the portfolio to safe-haven assets like gold, bonds, or other low-risk investments to mitigate the risk from geopolitical tensions. Moderate Investors: Short Positions: Enter short positions if the price continues to trade below the Kumo cloud and the Chikou Span remains downward. Watch Key Levels: Monitor support at 27,149 and 26,947 for potential breaks. If these levels hold, consider short-term long positions with tight stop losses. Sector Rotation: Rotate into sectors less affected by geopolitical tensions, such as utilities or consumer staples. Aggressive Investors: Day Trading Opportunities: Exploit intraday volatility by taking advantage of sharp price movements. Look for quick profits in both long and short positions. Leveraged ETFs: Consider using leveraged ETFs to amplify gains but be cautious of increased risk. Technical Indicators: Rely on additional technical indicators such as MACD, RSI, and Bollinger Bands to confirm entry and exit points. Confluence Factors: Technical Analysis: Watch for confirmation from additional indicators like MACD crossing below the signal line, RSI showing oversold conditions, and Bollinger Bands indicating volatility changes. Geopolitical News: Stay updated on geopolitical developments as they can significantly impact market sentiment and price action. Economic Data Releases: Monitor upcoming economic data releases that may affect market sentiment, such as employment reports, GDP numbers, and central bank announcements. Conclusion: The appearance of the first green Renko bar after a series of red bars is a significant bullish signal, suggesting a potential reversal in the bearish trend of the EGX30 index. This green bar indicates weakening bearish momentum and emerging buying interest, particularly around key support levels at 27,149 and 26,947. It aligns with the upward angle of the Tenkan Sen, reinforcing the possibility of short-term upward movement. Investors should view this development as a potential shift in market sentiment from bearish to bullish. Conservative investors might wait for additional confirmation, while moderate and aggressive investors could begin considering long positions, keeping in mind the impact of geopolitical tensions on market volatility. This green Renko bar, combined with previous technical indicators, offers a clearer picture of the market's direction and helps in making more informed trading decisionsShortby ICHIMOKUontheNILEUpdated 5
Bulls and Bears zone for 05-29-2024After a mixed session yesterday, market is selling off during ETH session. Any test of ETH session Low could provide direction for the day. Level to watch: 5283 ---5281by traderdan590
Hot potato All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. Longby THE_APIS_TRADER2
breathernothing to do but to sell, hopefully with the Lords blessing well have a good day. flat to bearish.Shortby thesniper0