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$SPX500 - Breaching Macro Golden Zone - FX:SPX500 breached through Macro Fibbonaci Golden Zone, taken from the Highs of 4812 $ to the lows of 3489 $. Although managing to do so, must be noted that FX:SPX500 is Dead in Volume(below average volume) and overbought in RSI . Weekly Close in 2Days 13hrs. Regarding it's Price Action, the overall condition of current uptrend still intact, as long as it maintains the support trendline and remains above HL (to have a BoS). TRADE SAFE *** This is not Financial Advice ! Please do your own research and consult your Financial Advisor before partaking in any trading activity based solely on this idea
OANDA:SPX500USD
by Mr_J__fx
DJIA Is Bullish, Bouncing Away From The 61.8% Fib Stocks are bullish for the last few weeks, and some of indexes are finally breaking higher on speculation that FED is going to pause the hiking cycle. US CPI print also came out lower than expected, 4% down from 4.7% so there is even greate chance that FED will be on hold soon. When that’s the case stocks can move higher much easily, but still keep in mind that for higher stocks dovish times are the ideal, but hold is not dovish, and we forget this too many times. Anyway, looking at the DJIA, the trend is in a recovery mode and looks like more gains can be underway after first correction down to 61.8% Fibs back in March followed by five waves rise and then another perfect minor A-B-C drop again into 61.8% Fib. This is definitely the Fibs that needs a lot of attention and so far we can see a nice turn higher with price threatening 34276 level. Ideally a daily and weekly closes above that figure opens room for 35631.
OSE:DJIA1!
by ew-forecast
$DXY -Ballads of Dollar $- Monitoring The Dollar Index TVC:DXY and constantly keeping an eye on its Price Action packed with Stories to Tell , is very important in your Trading Journey. TVC:DXY its ; The best Strategy, the best Signal the best Indicator Why ? Because it's a Dollar Story ! As the phrase goes : 'Paper Rules the World' And so it does, to the average man working 9-5 having no aspiration to know the dark valleys of this World. And so it does, regarding us that are involved in Trading Financial Markets. While the most valuable of fiat currencies out there is The Mighty Dirty Dollar to whom the whole Economic System is based upon, it's a must to be diligent and vigilant over The Dollar Index's TVC:DXY price action stories. TRADE SAFE *** This is not Financial Advice ! Please do your own research and consult your Financial Advisor before partaking in any trading activity based solely on this idea
TVC:DXY
by Mr_J__fx
Dow Jones Index (US30): Bullish Reversal 📈 Dow Jones reached an important wide horizontal demand zone on a daily time frame one week ago. The price started to consolidate on that and formed a double bottom pattern with a higher low. Today, after the NFP release, the market bounced and set a new local higher high, violating the neckline of the pattern - the last lower high. It looks like a classic bullish reversal pattern. The index will most likely keep growing to 33540 ❤️Please, support my work with like, thank you!❤️
ULong
by VasilyTrader
2
CFD Update: GER30 set for a breakout?Today's focus GER30 Pattern – Range – diagonal consolidation pattern Possible targets – Upside, 15,985 – 16,160; Downside, 15,718 – 15,530 Support – 15,740 Resistance – 15,965 Hi, and thanks for looking at today's update. Our focus is on the GER30 as price sits in a range but has also formed a wedge/diagonal pattern that could signify movement to come. It's an interesting set-up as even if we see a break of the pattern price still has the range to contend with. US futures are lower, and we are seeing the GER30 lower at this stage, so could we see a move lower today? If so, sellers will need to break support to get a breakout really going. On the other hand, buyers will need to do the same to resistance to get their move going. US Retail Sales could play a part. It’s due today at 10:30 pm AEST (8:30 am EST) Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:GER30
by Eightcap
QQQ Bear SetupNice setup here with great r/r. As you can see there is a good chance that we just completed an ending diagonal which is a pattern that breaks sharply to the downside. We also have triple bear divergence on the RSI confirming weakness and the ending diagonal pattern, The harmonic pattern is not something I typically make trade decisions based off of however it does add more context and support for the setup overall. Let me know what your thoughts are. Give me a like if you found this information to be beneficial to your trading plan. Thank you!
NASDAQ:QQQShort
by wstchse
6
CFD Update: FRA40 pushing at a new leg higher?Today's focus FRA40 CAC Pattern – Support hold - continuation - HL Possible targets – 7465 - 7600 Support – 7315 - 7360 Resistance – 7460 (ST) Indicator support – CCi close to 0 cross – 38.2 fib area Could we see a new leg higher on the FRA40? After Monday's holiday, price has opened lower on Tuesday, but there are a few bullish signs we are watching that could suggest a new push higher. Price formed an HL in the 38.2 fib area, support has been formed, and we see the support hold from a previous point of resistance. Price broke through the trendline, but we still need to see a new rally to confirm that. A new lower that closes below support is worry and could invalidate the idea. Another factor is tomorrow's US CPI data. Depending on what’s released, this could impact US indices and, in turn, move European indices. The Core is expected to come in lower, with Y/Y flat at 5.0% and the M/M higher at 0.4%. The CPI data is due to be released at 8:30 am EST tomorrow. Thanks for stopping by. Good trading, and have a great day.
EIGHTCAP:FRA40Long
by Eightcap