Pivot Points
$MSFT 1W Bear ABCD Ext harmonic, expecting 50% + drop in priceABCD Ext harmonic pattern is active on MSFT 1W chart. Expect price to form an hns taking sharply lower--50%+ from current levels. See also recent idea on bearish patterns on ES1/NQ1/YM1. HNS will drive to point B, and there is a smaller ABCD bear harmonic that will drive the price to C point of the higher tf ABCD Ext pattern.
Dow Jones Index (US30): Support & Resistance Analysis
Here is my latest support & resistance analysis for US30.
Resistance 1: 42450 - 42720 area
Resistance 2: 43280 - 43310 area
Support 1: 41616 - 41886 area
Support 2: 40850 - 41182 area
Support 3: 40000 - 40240 area
Consider these structures for pullback/breakout trading.
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EURUSD Multi Timeframe Analysis 31.10.2024This is the last Multi Timeframe Analysis I publish
15m Swing Bullish Internal Bearish
Quick shorts valid from current supply
4H Swing still bearish but I prefer following the strong bullish momentum after sweeping the daily low
Can not see much 15m demand to take longs. Price might create new internal structure and demand zones to take longs.
ES1 1W Bear ABCD Ext harmonicThe Bullish 5-0 pattern which has been at play over the last few years has finally run its course to price target at 1.272 extension. A bearish ABCD Extended pattern has formed recently, with retracement, but has reversed out of the prz and should drop rapidly to ABCD point C ~4350. This coincides with active bear deep crab harmonic on NQ1! (see prev post).
This is a Weekly chart intended to show trend reversal and swing trading at key pivots--not for intraday.
1M Bull White Swan China50 has 26500+ price targetOn the monthly timeframe a white swan harmonic pattern is now active, heading to pt1. Recent signal in retracement to .618 then should continue upward to top of the white swan triangle with the next price targets at ~26600 and 36600 levels. This is a monthly timeframe chart, but the trend is now bullish (in bearish retracement lower timeframes) and the general trend should be very bullish over the next year.
See my recent bear deep crab post for NQ1 (Nasdaq futures)--if that bearish scenario plays out, expect major rotation into non-US emerging markets--especially China and Hang Seng (HSI).
Hang Seng Bull Butterfly and ABCD monthly timeframeOn the monthly time frame, the Hang Seng has reversed from recent bear 5-0 harmonic which reached its target D point and a Bull butterfly harmonic pattern is now active. Typical target levels are indicated with fib measurements of the CD leg of the butterfly, with target 4 at 1.168 extension--40k anyone?
NQ1 1W Bear Deep Crab Harmonic with target levelsOn the weekly Nasdaq 1W chart a bear deep crab harmonic pattern active. If this plays out, very volatile price action will occur ove the coming months. Deep crap price targets are measured as fib extension from the BC leg of the XABCD pattern. Note the large bull Gartley that has driven price to current levels has alraedy reached target 3 at 1.272 fib extension of AD leg of the Gartley. On daily chart, there are two bear ABCD Ext patterns which should drive price to point C of the bear Deep Crab, before a sharp temporary retracement to recent high, before plunging below point C to the extension price target levels below.
This chart is not for intraday trading, but should be useful for swing trading at these key levels.
EURGBP Bullish Momentum: Key Resistance at 0.84083Hello,
OANDA:EURGBP has begun its bullish ascent! While the overall trend remains bearish, it’s now positioned well for additional upward movement. A key resistance level to watch is 0.84083. If the price breaks above and holds at this level, we can expect further gains!
TradeWithTheTrend3344
EURAUD: Sustained Upside Momentum AheadHello,
FX:EURAUD has experienced significant upward momentum since the last analysis, which was accurate. More upside is anticipated even after the recent movement. The first indicator to watch for further upward movement will be the 1D PP, which needs to serve as support.
TradeWithTheTrend3344
"BankNifty at a Crossroads: Key Levels to Watch Before TradeBankNifty Market Analysis
Overview:
The BankNifty index is currently at an average price level of 51,915. It sits in a consolidative zone, poised to make a directional move. With significant levels on both the upside and downside, we have clear targets if BankNifty breaks out in either direction.
Upward Direction Scenario:
If BankNifty sustains above 51,915 and momentum increases, we could see it aiming for the upward target of 53,700. This level would mark a strong upward move, suggesting bullish sentiment and potentially inviting further buying interest.
Key Levels to Watch: A breakout above intermediate resistance levels (52,500 - 53,000) would increase the likelihood of achieving this target. Monitoring volume and breakout strength is essential here.
Downward Direction Scenario:
If BankNifty fails to hold 51,915 and begins to decline, it may test the downward target of 49,700. This movement would likely reflect bearish sentiment in the market, leading to a sell-off if key support levels fail to hold.
Key Levels to Watch: A breach of immediate support zones around 50,500 - 50,000 would strengthen the downside move. Look for increasing volume as a confirmation signal.
Conclusion :
BankNifty is in a critical phase. With a clearly defined range, traders should watch for breakouts above 53,700 or breakdowns below 49,700 to determine further direction.
UK100 Bullish with Caution at Key Support LevelsHello,
CAPITALCOM:UK100 is currently heavily overbought, aligning with overall market trends, suggesting a bullish continuation. However, as a cautionary note, if the strong support levels at 8145.4265 and 8130.8235 do not hold, we could see a move towards the 1-year pivot point.
TradeWithTheTrend3344
AUS200: Bullish Trend Set to ResumeHello,
PEPPERSTONE:AUS200 is still testing the 1M pivot point. If it crosses and holds below, the entire 1M support structure will likely be tested. However, it appears that the bearish phase may be over, and the bullish trend is set to continue.
TradeWithTheTrend3344
FRA40 Support at 7377.45: Potential Retest AheadHello,
PEPPERSTONE:FRA40 has shown support at 7377.45, with a notable bounce from this level. However, there’s potential for a retest, and if this support level doesn’t hold, we could see a move toward retesting the 1-year pivot point. Monitoring the 1-month and 1-week support levels is crucial, as price reactions here will help indicate whether the trend may shift upward or downward.
TradeWithTheTrend3344
US30: Bullish Rebound in Sight?Hello,
BLACKBULL:US30 recently experienced a minor bearish phase, but it now appears poised for a potential bullish comeback, aligning well with its past reactions in this zone. However, if the price dips below the 1M pivot point, further downside is likely.
TradeWithTheTrend3344
Market is Holding above the Support , All Eyes on BuyingHello Traders
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UsOIL Long Buy due to lower Support Hello Traders
In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET
today XTIUSD analysis 👆
🟢This Chart includes_ (XTIUSD market update)
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts