S&P 500 Daily Chart Analysis For Week of September 8, 2023Technical Analysis and Outlook:
The Spooz within the completed Pivotal Rebound, and Mean Res 4520 targets drifted lower to fulfill our retracement Mean Sup 4456 and is biased to go higher with the upcoming trading week. The possible Retracement Retest to Mean Sup 4370 and completed Inner Index Dip is not out of the trading envelope setup.
Indices
DXY H4 - Long SignalDXY H4
So far the dollar playing out like poetry to start the week, we have seen the breakout following a smaller than expected correction yesterday, bullish bias confirmed nice and early in the week.
Not much US related data today, so let's see what unfolds as the overlap comes into play. Possible correction to retest the latest broken zone before taking off again.
$NDX - Rising Trend Channel [MID-TERM]🔹Breakdown support of Rising Trend Channel in the medium long term.
🔹This indicates a slower rising rate at first, or the start of a more horizontal formation.
🔹Approaching resistance at 15800, which may give a NEGATIVE reaction.
🔹Once break upwards through 15800 will be a POSITIVE signal.
🔹Technically NEUTRAL for the medium long term.
Chart Pattern:
◦ DT: Double Top | BEARISH | 🔴
◦ DB: Double Bottom | BULLISH | 🟢
◦ HNS: Head & Shoulder | BEARISH | 🔴
◦ REC: Rectangle | 🔵
◦ iHNS: inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
$DJI - Rising Trend Channel [MID-TERM]🔹Achieved target price at 35137 after a breakout of the Rectangle Formation.
🔹Support at 34200 and Resistance at 35600.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
◦ DT: Double Top | BEARISH | 🔴
◦ DB: Double Bottom | BULLISH | 🟢
◦ HNS: Head & Shoulder | BEARISH | 🔴
◦ REC: Rectangle | 🔵
◦ iHNS: inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
🔍 Understanding the Volatility Crush: Navigating ETH Recent PA
Hello, traders! In the ever-evolving world of cryptocurrency, we often encounter intriguing phenomena like the "volatility crush." 📊
🔍 What is a Volatility Crush? A volatility crush occurs when the price of an asset, in this case, Ethereum (ETH), experiences a significant reduction in its price volatility. It's like the storm clouds clearing after a turbulent period, leading to calmer, less erratic price movements.
💡 Recent ETH Price Action: Indeed, as you've observed, ETH exhibited rapid price movements at the end of last month. However, at the start of this month, there's been a noticeable decrease in trading volume and price volatility. This suggests a potential volatility crush in progress.
🌪️ Adaptability in Wild Times: So, how can traders adapt during such times of reduced volatility?
Diversification: Consider diversifying your portfolio beyond ETH. Explore other cryptocurrencies or assets to spread risk.
Risk Management: Tighten your risk management strategies. Lower leverage and set stop-loss orders to protect your capital.
Stay Informed: Keep a close eye on news and developments. Crypto markets are sensitive to external factors, and unexpected news can spark volatility.
Patience: Be patient. Reduced volatility doesn't mean inaction. It might be a good time to reassess your long-term goals and strategies.
Education: Continuously educate yourself about market dynamics. Understanding the underlying technology and market sentiment can guide your decisions.
Remember, adaptability is the name of the game in the crypto world. The ability to shift your strategies as market conditions change can help you not only survive but thrive in wild times.
Stay vigilant and trade wisely! 🚀📉
#CryptoInsights #VolatilityCrush #Adaptability #ETHPriceAction
Dow Kill zonesPlease enjoy my indicator
I made its a kill zone indicator but you trade between the zones
. The indicator directions explains it all.
Deluxo Capital
S&P 500 Daily Chart Analysis For Week of September 1, 2023Technical Analysis and Outlook:
The Spooz continued upside bias this week by ending its rally at Mean Res 4520. Continuation to completed the Inner Index Rally 4590 is a work in progress. However, the pullback to Mean Sup 4456 is also within the trading picture.
NASDAQ Potential UpsidesHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 15400 zone, NASDAQ was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more high from the 15400 support area.
Trade safe, Joe.
BANK NIFTY INTRADAY LEVELS FOR 30/08/2023BUY ABOVE - 44610
SL - 44520
TARGETS - 44680,44800,44920
SELL BELOW - 44440
SL - 44520
TARGETS - 44360,44230,44100
Previous Day High - 44680
Previous Day Low - 44440
I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
DXY D1 - Long SetupDXY D1
We have now pretty much seen the correction on the USD that we were expecting. 103.350 has been pinned and we are now looking for something to catalyse the upside dollar continuation.
ADP employment could do exactly that. Lets see what unfolds over the next few hours, NA overlap and ADP figures at 13:15 UK time.
BANK NIFTY INTRADAY LEVELS FOR 29/08/2023BUY ABOVE - 44620
SL - 44520
TARGETS - 44750,44920,45100
SELL BELOW - 44360
SL - 44460
TARGETS - 44230,44100,43960
Previous Day High - 44620
Previous Day Low - 44230
I am sharing BANK NIFTY levels this levels acts as important support & resistance for intraday. if you want to trade with this levels wait for 15 min Candle closing above that levels. You can trade with breakout and reversal both.
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
Was this the worst trading pair during the month of August?I believe that US30 and NAS100 are currently in a league of their own, one where it is so manipulated that not even SPX500's micro-movements can even keep up. If you found yourself in some bad trades with SPX500 recently, I wouldn't let it get to your head.
Clear your brain! Good luck this week.
How to play my chart:
Buy at support TP's (green), sell at resistance TP's (red). When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
All likes/comments and feedback are very much appreciated!
SNP500 more downside to come could be seeing 4300 or 41xx
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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.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!