BANKNIFTYHi guys,
In this chart i Found a Demand Zone in BANKNIFTY CHART for Positional entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
Index
US500 - Decision Zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
US500 has been overall bullish trading within the rising channel marked in red.
This week, US500 is in a correction phase and it is currently retesting the lower red trendline.
📈As long as the last low marked in red holds, we expect a bullish continuation.
📉 In parallel, if the last low in red is broken downward, a deeper correction towards the lower orange trendline and zone would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bearish reversal?US Dollar Index (DXY) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support.
Pivot: 104.51
1st Support: 104.03
1st Resistance: 104.80
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US100 LongIt looks highly likely the price will reverse from the current daily support zone and test the first daily supply zone at around $20,000.
-If price gets rejected at that area, it will likely mean the price is forming Head and Shoulders pattern and will continue the bearish movement all the way down to $18,500 area.
or
-If price breaks out from the supply zone, then it will continue rising upwards till it tests ATH point.
$EUINTR - Highest Level since 2000The European Central Bank raised Interest Rates by a Quarter of a percentage point Thursday, judging that Inflation remains too High ;
even as data points to a deepening economic downturn in the 20 countries that use the euro.
The move takes the benchmark rate in the euro area to 3.75%, the highest since October 2000.
GBPUSD H4 - Short SignalGBPUSD H4
We are trading very close to out 1.30 handle, this is our key area of resistance. Similarly we have DXY back down on our 104.00 support price. Our final element of support before a potential break and trend change.
On the basis of the above, I would like to see a rejection of 1.30 as indicated and annotated. With targets of around 1.28500 initially.
Last Time This Happened, Bitcoin Rose Over 60%In a previous post about the weekly chart, I touched upon how we were headed toward 50 on the RSI. From there, it had the potential to range between 50 and 45 (within that yellow box), and it looks like we hit the 49 mark and then pivoted. The trend reversal happened once RSI was within fair-market value since it indicates over-bought and over-sold activity. The stochastic RSI bottomed and crossed upward, meaning we have momentum back in the market. The big question now is, how much will price action be impacted by an upward cross in RSI?
We can see the possibility of the upward cross coming soon. This is definitely something we want to keep our eyes on in the coming weeks - especially since we are just coming out of a stochastic RSI bottom with momentum coming back into the market. For craps and giggles, the last time we had an upward cross in RSI on the weekly chart after bouncing back from around 51.75 (aka fair-market value), Bitcoin's price rose 61.5%, from $30,364 to $49,048 (at an RSI of around 86). I'm using that as the primary example as the last upward cross we had was from an RSI of around 80, however Bitcoin still went on a tear, rising almost 52% from $48,601 to $73,794 (where RSI peaked at 92).
It was the tail end of October 2023 when Bitcoin's price took off once the RSI crossed around the 51.75 mark (aka fair-market value - see why this is important?), and peaked in March 2024, ultimately rising 143%.
To say it may be an interesting couple of weeks to months with the potential price action is an understatement.
NYSE Composite - Price Action Consolidated In A Triangle Pattern(1) The price was in an upward trend before reaching the 17,500 level.
(2) Following that, the price began to decrease, experiencing a drop of nearly 21%.
(3) After finding support near the 13,300 level, the price rose and broke through the neckline of the Inverted Head & Shoulder pattern.
(4) Subsequently, the price increased and is currently consolidating within a triangle pattern.
(5) If the price successfully breaks out, the potential resistance level will be around 19,650.
Nikkei-Watching levelsTradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Will watch levels 41,000 which is about now at 40500 area. bias still on upside but not till i see some change it this near term down move..shall monitor...
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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NIKKEI RISKY LONG|
✅NIKKEI is the main japanese
Stock Index and is has been
Following the Yen in the opposite
Direction. The weaker the Yen
The stronger the Index, so now
Following a sharp correction on
The Yen we are seeing a correction
On Nikkei as well, but we are
Bullish biased mid-terma and
As the index is about to retest
The significant horizontal support
Level of 41,000 we will be
Expecting a local bullish rebound
LONG🚀
✅Like and subscribe to never miss a new idea!✅
NIKKEI225 Bullish Breakout! Buy!
Hello,Traders!
NIKKEI225 is trading in
An uptrend and the index
Made a bullish breakout
Of the key horizontal level
Of 41,000 and the breakout
Is confirmed which reinforces
Our bullish bias and makes
Us expect a further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
Nasdaq 100 Remains in Record Territory
As with the S&P 500, the Nasdaq 100 continues to rally day after day with nary a meaningful dip since April.
While the 14-day RSI isn't at it's most overbought level this year, it is showing a potential bearish divergence at the recent highs, where price makes a higher high and the momentum indicator makes a lower high (so far).
Index traders will be watching this divergence carefully to see whether it hints at a more significant top forming in the coming days.
If we do see a near-term dip, the rising trend line and previous-resistance-turned-support at 20,000 will be the key support levels to watch.
-MW
S&P 500 Overbought - Will We See a Dip?The S&P 500 continues its relentless uptrend as we start the second half of the year, but it is notable that the 14-day RSI indicator is at its highest level since 2023. While not a sign of an imminent pullback in and of itself, it does suggest that the short-term risks are tilting to the downside ahead of Fed Chairman Powell's Humphrey-Hawkins Testimony and the US CPI report later this week.
If we do see a near-term dip, the rising trend line and previous-resistance-turned-support at 5500 will be the key support levels to watch.
-MW
AUDUSD D1 - Long SignalAUDUSD D1
We are on the big daily timeframe here for AUDUSD, breaking the previous resistance price level of 0.67. This was a considerable daily resistance price for us. We are now simply looking for a subsequent retest of this zone to see if we can find support on this price level.
If 0.67000 holds as support, we can likely look to position ourselves long with targets of the previous daily high price, nearing 0.68800 price. Circa 180 points.
DXY H8 - Bullish Signal DXY H8
Not a huge amount of movement during the trading sessions yesterday to start the week. We have seen some big, big moves across the likes of XAUUSD and US30, but not much in the FX space. Really hoping to see something pick up off this 105.000 support region.
We have drawn this horizontal black line to highlight this 105.000 handle, and what we would like to see to warrant bullish continuations.
The bearish play was instigated last week from the US cluster data, I think this week we shake it off and continue upside towards that 106.500 price.