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NIFTY to start falling more than S&P500 from next week onwardsNIFTY/SPX chart has hit the upper trendline of ASCENDING WEDGE this week. it had hit the upper trendline 2 TIMES and the lower trendline 3 TIMES till now and has reversed every time since 2020 we can clearly see that whenever the price has reversed from the LOWER TRENDLINE , NIFTY has started performing better than S&P500 and whenever price has reversed from the UPPER TRENDLINE S&P500 has started performing better than NIFTY Now that the REVERSAL is imminent in the WEDGE pattern and global markets are VERY BEARISH , hence we can expect that the BEAR RALLY of indian market is over and it will become MORE BEARISH than the USA market from the next week onwards SP:SPX NSE:NIFTY Thanks a lot for reading...
NSE:NIFTYShort
by peace_lover
6
BTC-USDT Short-Term 30M IntervalHello everyone, let's look at the BTC to USDT chart on a 30 minute time frame. As you can see, the price has moved sideways from the downtrend line. After unfolding the trend based fib extension grid, we see that the first significant support is at $28,766, the second at $28,586, and then the third at $28,413. Now let's move on to resistance and as you can see first we have a strong resistance zone from $29293 to $29413, then we have resistance at $29565 and then resistance at $30005. The CHOP index indicates that the energy is rising, the MACD indicates that we are moving in an uptrend with room for further growth, and on the STOCH indicator we are approaching the upper limit, after crossing it, we can rebound the price.
COINBASE:BTCUSD
by cryptodailyuk
$PSI - a potential 110% trade based on nothing but TAI an not sure about the fundamentals of TridentDao anymore. It saw a terrible selloff, but this isn't our concern in this moment. This is a purely technical trade I am going to take. BITGET:PSIUSDT has rallied in the past 2 days, but if it breaks through $0.335 and holds that level it should go to $0.75, with a potential of buy/sell action around $0.54. If it dumps below $0.32 there is no trade for me. Easy to understand, isn't it? NFA. Please understand I am not a professional trader, but an amateur who loves solving riddles, playing chess, analyzing useless stuff - don't invest in anything based of my foolish interpretation of price charts. :-)
PLong
by NonComposMentis
BTC/USDT 4HINTERVAL Review Resistance and SupportHello everyone, I invite you to check the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use the blue lines to mark the local sideways trend channel, while locally we can mark the uptrend line along which the price is currently moving towards the upper border of the channel. Now we can move on to marking the places of support in the event of a correction. And here we have the first support at $30,514, and then we have a strong support zone from $30,266 to $29,929, however, when we break below this zone, we can see a drop to around $29,493. Looking the other way, in a similar way using the Fib Retracement tool, we can determine the places of resistance. We will first mark an important resistance zone from $30,829 to $31,136, once it is broken, price will attempt to attack the resistance at $31,520 so it can move further up. As we can see, EMA Cross 10 and 30 indicate the place of confirmation of the transition to a local uptrend. The CHOP index indicates that the energy is gathering strength, the MACD indicator confirms the ongoing local uptrend, while the RSI is moving in the upper part of the range, which may affect the price with a slight correction.
by cryptodailyuk
ETH/USDT 1HInterval ReviewHello everyone, let's look at the ETH to USDT chart on a one hour timeframe. As you can see, the price is staying above the local uptrend line. When we unfold the trend based fib extension grid, we see that the price is in the support zone from $ 1873 to $ 1853, while we can mark the second zone from $ 1822 to $ 1799. Looking the other way, we see that the price is before a strong resistance at $1888, and then we have a very strong resistance at $1927. The CHOP index indicates that there is energy to move, the MACD indicates that we remain in a local downtrend, while the RSI has rebounded to the lower part of the range, which should give room for price growth.
by cryptodailyuk
XAUUSD Resistance Break? 11.07.2023Gold price has been moving more towards the upside lately due to dollar weakening. It seems that it has already broken some important resistance levels there but has not yet made a good move on the upside. Further broken resistance levels might cause it to jump. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
OANDA:XAUUSDLong
by Stuart_Cowell
My trading tactic and journal XAUUSDI place limit short selling order at the resistance level because i think at the end of this month the price of gold will close at the lower price in order to rebound next month (September) therefore, i am bearish on gold from today 10 Jul until at the end of this month. Example of grid trading I place limit sell order at 1930$ and STOPLOSS at 1960$ Target 1900$ risk 30$ reward 30$ I place buy limit oder at 1893 and STOPLOSS at 1860$ Target 1940$ my second order is at 1940$ / STOPLOSS at 1972$ Target 1900$ (0.618 fibonacci retracement resistance level) risk 32$ x 2 = 64$ reward 72$ x 2 = 144$ My third order is at 1952 / Stoploss at 1972$ Target 1900$ (0.782 fibonacci retracement resistance level) risk 20$ x 3 = 60$ reward 52$ x 3 = 156$
OANDA:XAUUSDShort
by kennkennntl
📉 Bearish ABCD Pattern: Short Signal on NASDAQ 1-Hour Chart!In this 1-hour timeframe, NASDAQ has formed a bearish ABCD pattern, with the reversal point aligning with the previous peak. It rejected it strongly. This signifies a strong resistance zone formed around the 15250 area and it suggests that bears might be gaining control. Additionally, a notable 2.618 setup has emerged, characterized by two peaks followed by a retracement to the 0.618 Fibonacci level, a pattern known for its high success rate in signaling reversals. The 2.618 formation being represented with blue lines With price retracing to this optimal shorting area, I am entering a short position, targeting 14950 as my first take profit level, followed by 14870 as the second, and ultimately aiming for 14750 as my target. 📉 Feel free to share your toughts in the comments section, follow me for updates and don't forget to press the like button if you think this insight was helpful 🚀💪
OANDA:NAS100USDShort
by Thomas_Zito
5
Counter-Trend on USDJPY📉 This week, I'm keeping a keen eye on a counter-trend trading opportunity for USDJPY. I'm patiently waiting for a potential shorting opportunity at the Key Resistance Level of 142.96. ⚠️ However, it's important to note that despite this shorting opportunity, my overall bias remains bullish on the US Dollar. This week appears to be a retracement week in the market. Stay tuned as we navigate through market movements and identify potential trading setups. Let's make the most of this retracement period! 💪💼 #USDJPY #CounterTrendTrading #ShortingOpportunity #RetracementWeek #StayTuned
Short
by RaynLim
ETH/USDT Short-Term Review 1HIntervalHello everyone, let's look at the ETH to USDT chart taking into account the timeframe of one hour. As we can see, the price leaves the local downtrend line sideways. When we unfold the trend based fib extension tool, we see that we first have a support zone from $1872 to $1859, but when the price goes lower, then the support is at $1836. Looking the other way, we can mark a resistance zone from $1879 to $1889 where the price is struggling to break out, then we have a second zone from $1904 to $1915 and then strong resistance at $1930. The CHOP index indicates that the energy has been used, the MACD indicates the continuation of the local downtrend, and the RSI shows a significant rebound that may change the direction of the price to an upward one.
by cryptodailyuk