US30: Market of Sellers
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 US30 pair which is likely to be pushed down by the bears so we will sell!
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Index
DXY: Bulls Will Push Higher
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 DXY pair which is likely to be pushed up by the bulls so we will buy!
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Super Swing Strategy - Bollinger Bands, RSI, and ADX Strategy"Super Swing Strategy" - Bollinger Bands, RSI, and ADX Strategy
Indicators Used:
- Bollinger Bands
- Relative Strength Index (RSI)
- Average Directional Index (ADX)
Bollinger Bands for volatility, RSI for overbought and oversold conditions, and ADX for strength of the trend.
How it Works:
Add Bollinger Bands, a 14-period RSI, and a 14-period ADX to your chart.
When the price touches the upper Bollinger Band, the RSI shows overbought conditions (above 70), and the ADX is above 20, it's a potential bearish signal.
A bullish signal occurs when the price touches the lower Bollinger Band, the RSI shows oversold conditions (below 30), and the ADX is above 20.
You can use additional indicators or price action analysis to confirm signals.
Why Nasdaq growing along line and when this end 📏Since the beginning of year, Nasdaq index has been growing literally along the line, and the largest companies are dragging it in turn: NASDAQ:NVDA , NASDAQ:TSLA , NASDAQ:GOOG , NASDAQ:MSFT .
According to the classics of "hamster races", each new ruler increases the angle of inclination.
Since May of this year, the angle has increased as buybacks from companies and a “big bull” with options with an expiration date of zero from individuals investors have come into play.
And here we are again approaching the lilac line, now the index should again surprise everyone and increase the degree of upward slope OR a protracted fall will begin already from the current levels, since all fundamental and technical reasons have long been ripe for a reversal 🫡
Already on Thursday, we can see strong volatility and a break in the trend, as the last major mammoths report: NASDAQ:AAPL and NASDAQ:AMZN
In the medium term, it is not their numbers in reports and forecasts that are extremely important, but the volume of the buyback program, which usually drags the market up.
However, past reported mammoths have not issued buyouts, which means there is a high chance that we are already very close to the peak.
⚔️ Nearest resistance: 16500p. - ATH!
🛡️ Nearest support to start purchasing techs: 15000p; 13550p.
Is it still bearish mode or it's end?#DOLLAR INDEX (DXY) ..
market streight drop and broke his 15 months low in yesterday and continue to further losses..
But here is a support of market that will play key role,
If it will continue his selling turn then it should continue his selling move and break the next support..
If it's end here then it should hold it ..
Trade wisely
Good luck
Nasdaq -> Please Look At The Odds!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nas100 💪
After the Nasdaq perfectly retested the monthly 0.618 fibonacci retracement, previous monthly support and also broke above a clear bearish trendline, we had a solid rally of roughly 20%.
With the Nasdaq now retesting the next weekly resistance at the $15570 level I do expect a short term rejection again away from the resistance but then eventually the creation of new all time highs on the technology index.
Looking at the obvious rising channel on the daily timeframe you can see that on Friday the Nasdaq once again rejected support and there is in my opinion currently a 50% chance that we will still see a major correction but objectively looking at the index there is no sign of weakness yet.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
DAX Will Keep Growing! Buy!
Hello,Traders!
DAX broke the key horizontal
Level of 16,330 and the
Breakout is confirmed
Which combined with the
Fact that the index is in
The uptrend makes us
Bullish biased so we
Will be expecting a
Bullish move up
Buy!
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