Index
BXY, Important, Crucial BEAR-Fractals, Setup of a Next Wave!Hello There!
Welcome to my new analysis of the BXY. Within recent times there are major factors moving the BXY as the inflationary pressures within the BXY are still increasing paired with a historically high interest rate of 5.25% that was seen the last time during the financial crisis of 2008 this is already indicating a high bearish sentiment dynamic that should not be underestimated in any cases.
Also, a major stagnation within the BXY is ongoing with YoY productivity stagnating and not forming any new highs. These factors are determining an increased private sector debt demand that is near an all-time high. These high levels of private sector debt demand have been seen the last time in the financial crisis of 2008 similarly to the high interest rates. The high private sector debt demand is accelerating the bearish momentum for the BXY.
Considering the underlying chart dynamics the BXY is still trading within this enormous gigantic descending channel formation in which it has a major supply distribution channel within the upper boundaries. This supply distribution channel has been already the origin of the major bearish wave A accelerating towards the bearish direction. Exactly the same bearish fractal is setting up now once again as the BXY is pulling back off the upper resistance boundaries.
Furthermore, the BXY has already completed the massive ascending triangle formation with a substantial breakout below the lower boundary completing the whole ascending triangle formation and accelerating the bearish confirmation and continuation dynamics. Now, the BXY already activated the target zone of 115 with the completion of this gigantic ascending triangle formation once this target zone has been reached there is a high potential for further continuation.
Taking these factors into perspective, the BXY is completing two major bearish formations here, and especially with the bearish distribution channel breakout to emerge in the next times this is going to activate the next targets within the lower boundary regions of the gigantic descending channel formation to form a paramount new lower low within this whole chart. An increased interest rate together with an accelerated private sector debt demand moving to all-time highs lastly seen in the financial crisis of 2008 are going to increase the bearish dynamics.
In this manner, thank you everybody for watching my analysis of BXY. Support from your side is greatly appreciated.
VP
NG1!: Bearish Continuation & Short Trade
NG1!
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short NG1!
Entry Point - 2.930
Stop Loss - 3.032
Take Profit - 2.747
Our Risk - 1%
Start protection of your profits from lower levels
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GOLD: Expecting Bullish Continuation! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GOLD pair which is likely to be pushed up by the bulls so we will buy!
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Price action analysis on the Major Indexes...its not pretty!!I will go through the daily charts for major Indexes as they come under pressure.
Review the price action and major levels of the DOW, Nasdaq, DAX, FTSE and ASX200.
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Looking for short entry on the $NQ overnight session.I believe price action will play out the way the blue bars are illustrated in the yellow circle. Will be looking for a short entry within the pink box range. A lot of people are calling for a counter-trend rally on the $NQ after this massive move down. But I don't think much more than a 1-4 candle correction will result. And as noted by my projection, I believe it will have been a 1 day correction and a weak one at that.
May your P&L be green and fat. This is a long term swing trade with 1st profit target at ~ $13,600. Cheers and good luck!
correction wave formation in S&P 500Elliott Wave Analysis:-
correction Wave's:-
View 1:-
A wave and B wave was completed for forming a regular flat / Zig-Zag .
C wave was expected to fall upto 4197 - 4270 .
View 2:-
If the C wave never break level 4335 of A wave then triangle pattern is in formation.
D wave never break B wave.
View 3:-
If B wave go beyond 4607 it may form an irregular flat and it may go upto 4860 - 4718 .
i'm not a SEBI registered advisor.
Before taking a trade do your own analysis or consult a financial advisor.
I share chart for education purpose only.
I share my trade setup.
SILVER 4H shows some slight upward tendencyThe silver price shows some slight upward bias, affected by the positivity of the Stochastic indicator, but since the price is below the 22.89 level, our expectations for the downward trend will remain effective for today.
stabilizing above 22.89 will support rising to touch 23.14 then 23.30 then 23.45
Resistance prices: 23.14 & 23.30 & 23.45
Support prices: 22.61& 22.45 & 22.20
The general trend expected for today: bearish
timeframe: 4H
$DJI at do or die!!!This is where we see how serious the decline in DJ:DJI is.
AMEX:DIA has not been this oversold since March of this year.
2nd Pic:
Right side = 15minute chart
The lower part shows the Relative Strength = RSI
At the moment is shows some positive divergence, higher lows as index falls.
This is the battle ground!!!!!!!
Keep in mind that the index has taken a ton of damage technically which is NOT good longer term. At least for now.
#stocks AMEX:UDOW AMEX:SDOW
Analyzing Nasdaq-100 $NAS100 for Potential Double Top ReversalThe NAsdaq-100 (NAs100) index is currently displaying a classic double top formation on the weekly timeframe, signaling a potential bearish reversal following a robust 7-month rally. This surge was primarily propelled by a select group of companies utilizing AI technology.
A Double Top pattern, characterized by two almost equal peaks, serves as a bearish reversal indicator. It suggests a potential shift from an uptrend to a downtrend, signifying a slowdown in buying pressure and an emerging influence of sellers in the market.
To confirm a downtrend, keen observation of the critical support level at 14,500 is vital. A breach below this level would not only cross the intersecting trendline but could potentially prompt a 5% decline in the index in the short term. Such a move could mark the beginning of a bearish market sentiment.
An intriguing correlation exists with NVIDIA's chart, which shares similarities with this pattern. Thus, it's imperative to closely monitor this tech giant's performance, given its significant influence on the broader tech sector and, consequently, the entire market.
This information should be viewed as guidance and not definitive instructions. Thorough research and consultation with a financial advisor are essential before making any investment decisions.