Indices
DOW, Lower high with a deviation. DOW / 4H
Hello traders, welcome back to another market breakdown.
Dow jones index has been dealing with a deep pull-back, the price seems to find support around the previous pivotal point.
I'll be intersted to get in bull-backs, double bottoms, micro-double bottom...
Trade safely,
trader Leo.
DAX40 Crash - Short Signal - Swing TradingDAX40 is about to crash. A BIG short trade is pending its turn.
Germany40 Index (GER40, GRXEUR, GER30) is trapped in a Bearish stance.
Fundamentally, many things are against a Bull-Market at these times, but I mentioned that in my VIX spike idea.
From a Technical Analysis standpoint, well, the picture is much clearer.
Technicals:
* A-B-C Elliott Wave Sequence
* Running Flat Pattern
* Bearish Harmonic: Cypher Pattern
* Fractal Pattern: May-Dec '18 Sequence
* Reversed Bearish Divergence
* Bearish Divergence
* Descending Channel
* 61.8% Fibonacci Retracements of Primary A (red)
* 88.6% Fibonacci Retracements of Intermediate (B) (white)
* 100% Fibonacci Extensions of Intermediates (A) & (B) (white)
Expected Outcome:
* Powerful Bearish Impulse in Primary C (red).
Trading Signal:
* Entry @ 14550
* SL @ 15800
* TP1 @ 11200
* TP2 @ 9750
* TP1 @ 9000
Safety Measures:
* When in the green, moving stop-loss at break-even.
S&P 500 Daily Chart Analysis For Week of June 30, 2023Technical Analysis and Outlook:
The Inner Index Rally 4444 has been completed, which is part of the ongoing Reignited Rally. The Outer Index Rally 4480 and 4590 targets have been outstanding for a while and are important upside objectives. However, reaching the 4480 target may lead to a significant pivotal downward movement to the Mean Sup 4330. Trade Selecter needs to confirm this development.
US30 Potential Bearish MovePrice reached daily resistance and formed strong bearish reaction. It broke previous low and formed new support 33600. Price is testing previous low and significant zone 33900. I expect to see bearish move, but if price breaks this zone then we will likely see bullish pressure.
DAX H8 - Long Signal (Update)DAX H8
We pushed almost as high at 16000 before seeing a slight rejection, corrections possible, infact another test of 15700 isn't out of the question. Simple longs from this support zone again if this is the case.
16000 being quite a prominent psychological resistance price. We have a void of 285 pips to take us up to our major resistance and ultimate TP.
DJI is likely to enter a major oscillation mode !DJI is likely to enter a major oscillation mode !
This figure shows the weekly candle chart of the Dow in the past two years. The top to bottom golden section is superimposed in the figure. As shown in the figure, the Dow Index in the past six months has shown a large oscillation pattern between the 0.618 and 1.382 positions on the golden section of the graph! In the future, the Dow's probability will first shrink and then enlarge, and then choose a direction to break through. Personal prediction probability will break down! So let's use the 1.382 digit (31700) of the golden section as the long short split for the future!
Nasdaq -> Preparing The Bearish WaveHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Nas100 just retested and already started to reject the major previous weekly structure zone at the psychological $15.000 level.
You can also see that Nas100 retested the resistance of the very bullish rising channel, the next support would be the 38.2% fibonacci retracement level at the $14.000 zone so I am just waiting for more bearish pressure and then I do expect more upside potential.
On the daily timeframe you can see that Nas100 finally broke structure towards the downside with Monday's candle so this is a sign that Nas100 is actually slowing down - I do expect another push lower to retest daily support at the $14.300 level and then I do expect a first bullish rejection.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NIFTY BULLISH CONTINUATION STRAUCTURE On the daily chart you could clearly see nifty has form a zigzag ABC structure with small internal structures. the current upwards movement is the C leg of the bigger ABC which has currently tested 18875.30 resistance level.
In the upcoming days, Nifty will pause by retracing lower to find support around 18084.60-170600.00 zone
I advise you take a long trade AROUND THESE MAJOR ZONES and target 20400.00
DAX40 H8 - Long SignalDAX40 8H
Finding a range on the German indices at the moment, after aggressive highs of 16440 ish... We have now started correcting back into a previous play of S/R. Which is good for us as it now means we have previous highs to target, and previous support to buy from.
Ideally looking for longs (in line with alerts) from 15700 price, in aim to trade back up beyond 16000 again.
NASDAQ Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring NAS100 for a selling opportunity around 15000 zone, NASDAQ is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 15000 support and resistance zone.
Trade safe, Joe.
DJI - Horizontal Trend Channel🔹Break upwards through 34200 points will be a POSITIVE signal.
🔹RSI curve indicates a rising trend, indicating potential upward trend reversal for the price.
🔹Technically slightly negative for 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 ❤️