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CHINA A50: Time to buy Chinese stocks.The China A50 index (CN50) has been trading within a Falling Wedge pattern since July 2022 and more recently in particular hasn't been able to break above the 1D MA50 (blue trend-line) since September 08. That bearish sentiment may be coming to an end as the 1D MACD is about to form a new Bullish Cross in the same order as the November 01 2022 Low. This could be the bottom (Lower Low) of the Falling Wedge and the start of the new Bullish Leg towards the 0.786 Fibonacci retracement level, as the January 28 2023 High did. We are now buyers on this index, targeting the top of the Falling Wedge at 13000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:CN50Long
by TradingShot
NIFTY Hit our long-term target. What's next?The Nifty 50 Index (NIFTY) gave us an excellent bottom buy opportunity last time we looked into it (November 03) and hit on Thursday our 21000 target (see chart below): We've been receiving a lot of messages on what's next for this index. Well if we turn the Channel Up into the logarithmic scale, we can see that the price is almost on its Top (Higher Highs trend-line). The 1D MACD is about to form a Bearish Cross and the 1D RSI is pulling back aggressively after being extremely overbought at 85.00. Technically this is a sell signal and even though the shortest decline within the 18-month Channel Up has been -3.74%, we see more similarities with the September 13 2022 top, hence we will aim for the 0.382 Fibonacci retracement level at 20500, initially at least, where contact should be made with the 1D MA50 (blue trend-line). If the price breaks below the 1D MA100 (green trend-line), we will short again and target the bottom of the Channel Up at 19300, which will also be a -11.03% decline, similar with the strongest one on March 20 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NSE:NIFTYShort
by TradingShot
DOW JONES Correction expected due to insanely overbought RSI.Dow Jones (DJI) easily hit last week's (December 12) target (37000) at the top of the 2-month Channel Up (see chart below) with the price grinding ever since on its top: That was a short-term signal, today we shift our attention to the medium-term and the 1D time-frame where the 1D RSI is 'insanely' overbought near 87.50, a level it hasn't touched since January 2018. In fact if we look a little longer, we can see a perfectly fitting sequence with today's price action in late 2016. The 1D RSI got hugely overbought at 87.40 on December 13 2016 and pulled-back to the 1D MA50 (blue trend-line) before resuming the uptrend. This overbought 1D RSI peak was made after two straight Channel Downs leading to approximately +9.58% and +14.50% rises, which is quite similar to what's been happening since April. This tells us not to engage in any buying any more, even though due to being on the end of year euphoria and post Fed rate cut anticipation, it can rise some more. But the risk is higher now than buying near the 1D MA50 again. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
1
NASDAQ Hit the ATH but has one more push to give.Nasdaq (US100) hit yesterday the 16772 All Time High (ATH) level, reaching in the process our 16680 short-term target as shown on our December 11 call (see chart below): The dominant pattern on the 4H time-frame is a Channel Up and the price is trading on its middle. As long as the 4H MA50 (blue trend-line) supports, any pull-back is a buy opportunity for at least one more push marginally above the 5.0 Fibonacci extension, as it happened on the November 14 pump. Our target is 17300. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
FTSE Close to a major bullish break-out. Be ready.It's been almost 2 months since we last looked into FTSE 100 (UK100) but the index didn't fail to deliver as it hit our 7535 target (see chart below) and got rejected inside the 6-month Resistance Zone: Despite the inability so far to break above the 7690 - 7750 Resistance Zone, the index did succeed at making the first important bullish break-out above the Lower Highs trend-line of the All Time High (ATH). Breaking above the Resistance Zone would be the second and final bullish signal but the rejection so far has made it test the first Support on the 1D MA200 (orange trend-line), with the 1D MA50 (blue trend-line) right below. In fact the two are close to forming a 1D Golden Cross, with the last registered occurrence being on December 28 2022. In fact as you can see, the two sequences (current and October - December 2022) are so far quite similar. Once the Resistance Zone broke in January 2023, the rally extended almost as high as the 1.382 Fibonacci extension. As a result, any pull-back after the current Resistance Zone breaks, is technically a buy signal. Our long-term target is 8300 (slightly below the 1.382 Fibonacci level). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:UK100Long
by TradingShot
1
DAX Will the 1D Golden Cross pull it back like last time?DAX (DE40) is trading within a 16-month Channel Up and is currently on the second most aggressive bullish leg, about to form the 2nd 1D Golden Cross within that time span. The 1D RSI is above 85.00 touching historically overbought levels while the price is approaching the 1.382 Fibonacci extension from the previous Higher High of the Channel, which is below where the Channel's first bullish leg of October - November 2022 peaked and then, after a 1D Golden Cross formation, pulled back to its middle trend-line and the 1D MA50 (blue trend-line). Despite those bearish indicators, we will sell only after the 1D MACD forms a Bearish Cross, which has been the most consistent sell signal throughout this period of time and target 16500 (Channel's middle). On the other hand, if the index breaks above the 1.382 Fib first, we will buy the break-out and target 18000, which is the top (Higher Highs trend-line) of the Channel Up and +24.20% rise from the bottom (similar to the November 2022 rally). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:DE40
by TradingShot
DOW JONES Does this rally still surprise you?Two months ago (October 11) we made a bold statement calling for "the start of a new Bull rally under our nose" on Dow Jones (DJI) (see chart below): Many traders/ investors/ market participants have been surprised by the current November - December rally but in reality they shouldn't as the index is methodically repeating the 2016 - 2017 Rising Wedge pattern, as we've shown on that analysis. We are now at the level where the price is breaking above that pattern (blue circle), which comes after the 1W RSI makes a fake-out break breach below the Higher Lows and then rebounds. On the current analysis we expand the chart more, in order to show you that the very same Rising Wedge also emerged from May 2011 to December 2012. We are therefore on a +10 year cyclical pattern which the all three Wedges not only displaying identical break-outs/ fake-outs but also similar duration. The 2011/12 pattern peaked on the 2.618 Fibonacci extension, the 2015/16 a little higher on the 3.0 Fib ext. We can assume that this progression could give a new top on a higher Fib, but if we take the worst case scenario of the model (2.618 Fib), we can expect a High around 42900. Check out also how the Sine Waves grasp fairly accurately the cyclical movement on those bottoms and peaks during these past +10 years. Another important observation is that after the index broke above the Rising Wedge in 2016, it didn't offer any significant dips to buy. Rare buy entry opportunities existed only on the middle trend-line (orange) of the Bollinger Bands. The 2013 break-out gave significantly more dips buy opportunities, 7 in total all marginally below the Bollinger middle, before the 2.618 Fibonacci peak. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DJILong
by TradingShot
DOW JONES Channel Up still holding, aiming at All Time Highs.Dow Jones (DJI) maintains its bullish trade within the Channel Up pattern that started on the October 27 Low. The 4H MA50 (blue trend-line) has been supporting since November 01 and as long as it continues to do so, the index is more likely to test the 36975 All Time High (Jan 05 2022). Especially since it is currently on a 4H MACD Bullish Cross. The previous two MACD Bullish Crosses have delivered rises of around +2.70% to the top of the Channel Up. Another +2.70% rise will send the price above 37000 and that is our target. If however the index closes below the 4H MA50, we will take the long's loss and reverse to a short immediately, targeting the bottom of the Channel Up. If the price closes below it, we will re-sell and target Support 1 at 35300, where potentially contact with the 4H MA200 (orange trend-line) can be made for the first time since November 02. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
S&P500 Bullish unless this Support level breaks.The S&P500 index (SPX) is extending the bullish leg of the 16-month Rising Wedge pattern. It doesn't have much room left before it hits the top (Higher Highs trend-line) of the pattern and as long as this stays intact, it targets 4730 as an end of year target. As you can see, throughout this pattern, its shorter Rising Wedge patterns that have driven the price upwards on the bullish legs, just like the current. The previous broke to the upside and peaked on the 3.0 Fibonacci extension while the first one failed and when it broke the Support (last Higher Low), it declined to the 0.5 Fibonacci retracement level below the 1D MA50. As a result, if the Support (4535) fails first, short and target 4370 (0.5 Fibonacci). The 1D MACD is about to complete a Bearish into Bullish Cross pattern, which was favors the bullish scenario. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
1
NASDAQ Last obstacle before a Christmas rally.Nasdaq (NDX) completed the short-term pull-back we called on our latest November 29 analysis (see chart below), hitting our 15750 target and then rebounding: This rebound can seasonally be the start of the end-of-the-year rally, which the market calls 'Santa' or 'Christmas' rally. However, one last Resistance level remains before it is confirmed and that is the top (Lower Highs trend-line) of the (blue) Channel Up, which happens to also be synched with the Lower Highs trend-line of the 4H RSI. If the index closes a 4H candle above it, we will buy and aim for a +6.34% rally (from the bottom), which has been the minimum bullish sequence since June, and target 16680 (Resistance 1), which is the December 28 2021 High, essentially the first Lower High of the 2022 Bear Cycle. A notch higher on that rally, the index can even test the 16770 All Time High. On the other hand, if Nasdaq breaks below the bottom (Lower Lows trend-line) of the Channel Down first, most likely will have made contact with the 4H MA200 (orange trend-line) by then, we will sell instead and target 14900 (-7.60% from the Lower High, which is the minimum short-term decline since June). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100
by TradingShot
DOW JONES Channel Up showing the way to All Time Highs.Dow Jones (DJI) hit the top of the Channel Up without a pull-back, which as we noted (see chart below), was a bullish break-out signal above Resistance 1 (35700) So you might be wondering, what about Santa's rally? Is it still feasible? It is technically, even if the index breaks lower next week. So far the short-term Channel Up on the 4H time-frame is holding, with the 4H MA50 (blue trend-line) supporting right on its bottom (Higher Lows trend-line). As long as this holds, we remain bullish, targeting the 36960 All Time High (ATH). If it breaks, we will short-term target 35300 (first level of the dashed Support range) and then get on the reversal. Ideally we would like to see the RSI oversold on the 30.00 mark before entering a low risk buy. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
DAX's new All Time High sends a message to indices globallyDAX hit a new All Time High level, leading world stock indices on this rally and sending a clear message to markets globally: This rally has only just started. As you see on this 1M (monthly) time-frame, with the obvious exception of the COVID crash anomaly (Black Swan event), the index has been trading within a very stable Channel Up pattern since the start of the 2008 crisis. The 1M MA200 (orange trend-line) has been the absolute Support during this time, holding even during the COVID market crash. The recent November rally after October's bottom on a 3 month straight decline, is completing a very rare but powerful bullish signal that has only happened another 3 times during this 16-year pattern (5 if we count smaller occasions). As you can see, every time the index broke above a dashed Lower Highs trend-line of a correction wave, it then pulled-back to test it and after it held, it initiated a strong and lengthy rally. There have been two major Highs on this Channel Up pattern, and those are displayed perfectly on the Sine Waves peaks (April 2015, January 2022). Both have been exactly on the 2.0 Fibonacci extension since the first correction following a market High (July 2007, April 2015). Those occasions that are matched with the current rebound more accurately based on the 1M RSI are marked with a blue circle. The minimum % rise that those 5 events have delivered is the +22.10% of February 2020, which of course could have been higher if it wasn't cut short by the COVID crash. In any case a +22.10% rise from the October 2023 Low would match perfectly the top of the Channel Up and will make a technical Higher High for the pattern. As a result, our target is 17800 on DAX. What the blue-print of the Sine Waves show though for long term investors is that the Cyclical Peak therefore target around the end of 2028 - beginning 2029 is 20500. Those that patiently wait for corrections to take advantage of and buy, will get rewarded based on this historic behavioral pattern. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
XETR:DAXLong
by TradingShot
S&P500 Sell if the 4H MA50 breaks.The S&P500 index (SPX) is turning sideways following the enormous rally of November, which is close to being the best in history. That is a natural technical reaction by the market in an attempt to normalize the largely overbought 1D time-frame. This sideways trade that indicates a potential exhaustion, is complimented by the Bearish Divergence on the 4H RSI, which would justify a technical pull-back. The very same Bearish Divergence was last seen during the late July peak formation. The structures overall between now and July are quite similar, starting with a Cup bottom and peaking when the curve flattened. Our sell signal confirmation is a break and 4H candle closing below the 4H MA50 (blue trend-line). In that case, we will target the 0.5 Fibonacci retracement level (as on August 03) at 4465. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
DAX Buy the pull-back and target the All Time HighDAX eventually broke to the upside following our previous trade idea (see chart below) and hit both our 15635 and 15995 targets: The index is now approaching Resistance 1 (16535), which is the All Time High (ATH) but the 1D CCI shows a Bearish Divergence and potential short-term pull-back. That would serve as an excellent accumulation opportunity for an end-of-the-year rally. We are waiting for a buy at 15800 (1D MA200) in order to target 16535. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:DE40
by TradingShot
1
NASDAQ Small pull-back before final rally.Nasdaq (NDX) exceeded all expectations this month as following our November 01 buy signal (see chart below), not only did it hit the target but broke aggressively above the former Channel Down: Since November 21 basically it has turned sideways, in an attempt to normalize the previous overbought 1D technicals. It has already hit the 4H MA50 (blue trend-line) and that is the first sign of exhaustion. If the 4H RSI gets rejected on its Lower Highs trend-line (testing it today), then expect a short-term pull-back, which we will short and target 15750 (-2.25% decline and above Support 1). We take this target as during a similar 4H RSI Lower Highs rejection (September 15), NDX decline initially by -2.25%, similar also with the October 12 rejection. We expect this symmetry to play out at least on the short-term before the end-of-the-year rally, not necessarily on the long-term, where we need to see a 1D candle closing below Support 1, in order to signal a short towards the 4H MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Short
by TradingShot
DOW JONES Pull-back or Santa rally?It's more than 2 weeks since we looked into Dow Jones (DJI), giving a bullish rebound signal on the 1D MA50 (see chart below) that quickly hit its target: The price is now significantly above the 0.786 Fibonacci retracement level, which is roughly where the previous bullish wave of March - April took a medium-term pause and pulled-back first to the 1D MA50 (blue trend-line) and then to the 1D MA200 (orange trend-line). The % rise so far though (+9.50%) is almost the same as April's (+9.03%). With the 1D RSI however printing a sideways sequence on the 70.00 overbought mark, very similar to April's, it is worth attempting now a sell targeting the 1D MA50 and the 0.382 Fibonacci level at 34300. Since however we are very close to the (seasonaly bullish) Christmas period, if Resistance 1 (35700) breaks, we will take the loss on the short and instead buy towards the top of the 12 month Channel Up and target 36300, as part of the so called Santa's rally. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30
by TradingShot
S&P500 How high can this rally go?The S&P500 index (SPX) is on a relentless 1-month rally since since the October 27 bottom, having grown already by more than +11%. Since the August 16 2022 High, the index has entered into a long-term Channel Up sequence. The last two breaks below the 1D MA200 (orange trend-line) have been the Higher Lows and the best medium-term buy entry. The recent (October) one in particular was the first that was on a Higher Lows 1D CCI Bullish Divergence. We can see that all rallies since August 2022 have been around the same range (+19.31% to +20.79%). As a result, we expect another minimum +19.33% (from the October bottom). Along with the (dotted) Channel Up top, which gives us a first Target at 4700, that +19.33% expectation gives a second long-term target at 4900, which would be above the 4820 (Jan 04 2022) All Time High (ATH). The latter Target will also make a perfect Higher Low at the top of the Diverging (dashed) Channel Up and hit the 1.618 Fibonacci extension (as all previous rally did), while the former (Target 1) will price a Higher High on the (dotted) Channel Up. As a result, if the index enters a consolidation for a few days within the orange ellipse pattern (as it did during April 2023 and November 2022), it will give you another opportunity to enter in case you missed the rally from its start. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
NASDAQ The target is no less than the All Time High.Nasdaq (NDX) smashed through our bullish target when we issued a buy signal (see chart below) 2 weeks ago: Right now it is on a minor pull-back after hitting Resistance 1 (15930) yesterday, which is the July 19 High. That was the firs High of a potential Megaphone pattern and its structure so far resembles the Megaphone that formed the market bottom (October - December 2022) after the 2022 Inflation Bear Cycle. Technically there are high probabilities that we are on the final bullish leg towards the Higher Highs trend-line, which in January 2023 extended as high as to complete a +20.50% rise. It also reached the 2.0 Fibonacci extension. A repeat of that magnitude would push the index marginally above the 16780 All Time High (ATH) of November 22 2021, and that is our current medium-term target. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
5
S&P500 Cup and Handle paid off. Now brace for Xmas rally.The S&P500 index (SPX) fulfilled our previous Cup and Handle (C&H) pattern, as even though it had a week closing below the 1W MA50 (blue trend-line), it eventually bottomed and has since been on a 3-week rebound that broke above the Handle, turning the 1D MA50 (red trend-line) into a Support again. Perhaps the strongest technical development of the week is the emerging formation of a Bullish Cross on the 1W MACD. Historically those are formed in the middle of strong rallies, even during a Bear Cycle correction (such as on July 18 2022). Even though a 1 week correction similar to the October 31 2022 1W candle is possible, we expect a new All Time High (ATH) at 4900 (Target 2) at least, as every rally since the October 10 2022 market bottom, has completed at least a +20.19% rise. Even on the short-term, we expect a 'Christmas rally' to test the bottom of the ATH Zone at 4700 by the end of December, assuming the 1D MA50 of course supports. Our longer term perspective has the psychological 5000 target in frame as it is slightly below the 1.5 Fibonacci extension from the July 24 High. This projection is made based on that July 24 High itself, which was been on the 1.5 Fib extension from the January 30 High. Are you looking for a 1 week pull-back to buy or you are already on board for a 'Santa rally'? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPXLong
by TradingShot
2
DAX Watch this low risk November trading plan.It's been a bit long since we last took a trade on DAX (DE40) but it didn't disappoint as it hit both our buy and sell targets (see chart below) within the 3-month Channel Down: The rebound took place within the 6-month Support Zone and slightly under the 1W MA100 (green trend-line), similar to the March 20 rebound. The fractals are identical as they both rebounded aggressively, indicating strong demand inside the Support Zone. Both also formed a strong 1D MACD Bullish Cross straight after they bottomed. The price is now on the 1D MA50 (blue trend-line) at the top of the Channel Down, and the last two days failed to close the 1D candle above the MA50, despite breaking it. The Resistance pressure is getting stronger since this is also the 0.382 Fibonacci retracement level from the July 31 top. As a result, we are willing to sell the Lower Highs top of the Channel Down and target 15050 (can go even to the 0.618 Fib level but we seek short-term exposure for now) but only as long as the candles close below the 1D MA50. Upon the first 1D candle closing above the 1D MA50, we will take the loss and resume buying, targeting the 1D MA200 (orange trend-line) at 15635. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:DE40
by TradingShot
3
DOW JONES Strong rebound on the 1D MA50!Dow Jones (DJI) is having an excellent rebound ever since our October 31 buy signal (see chart below), which we issued after the index bottomed on the Higher Lows trend-line of the 12-month Channel Up: The price broke today even above the 3-month Bearish Megaphone, which was the pattern that executed the Channel Up correction. Today's rebound is being done after the index hit and held the 1D MA50 (blue trend-line), which is in fact on top of the 1D MA200 (orange trend-line). If it continues, we may see this 1D Death Cross (a technically bearish pattern) getting invalidated. However, we do lower our medium-term target from 35000 to 34800 as this rebound is coming off a -1.15% pull-back, which resembles those of June 06 and April 04, that topped on the next rise and then pulled-back to the 1D MA50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US30Long
by TradingShot
3
S&P500 and VIX. A tale of two opposites.It's no secret that the stock market and in this particular example, the S&P500 (chart on the left), is negatively correlated to the Volatility Index (chart on the right). What we do want to bring to your attention however is how tightly this correlation has been in the past 12 months with VIX's Falling Wedge having the price on its middle, almost on perfect symmetry with the S&P's Bullish Megaphone. See the recurring sequences within both patterns (tops/ red, bottoms/ greens, consolidations/ blue arcs) and how inversely correlated they are. Right now VIX is headed for its Support where it ends to rebound and consolidate for around 1 month, before sharply declining for a new Lower Low. Similarly we expect the S&P500 to rise some more before peaking for the short-term, then pull-back to consolidate and then stage an aggressive end-of-the-year rally. Can it repeat a +20% rally as the previous 2 rally legs of the past 12 months? Doubtful, but potentially taking profits when VIX bottoms is certainly a good indicator to have in mind. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:SPX
by TradingShot
2
CHINA A50: Chinese stocks are the buy opportunity of a decade.The China A50 index (CN50) is trading within a Falling Wedge pattern and on the larger picture a Channel Up with its Higher Highs being on June 09 2015 and February 16 2021. The price is now closer to the Channel Up bottom and the pricing of a new long-term Higher Low (bottom), which already makes it a great buy opportunity. Of course the most optimal level to enter would be as close to the bottom as possible, especially of the 1W RSI makes one more Higher Low on its Triangle. We have seen the very same 1W RSI Triangle in November 2012 - February 2014, when the index was within a similar Falling Wedge. The same RSI Bullish Divergence (Higher Lows against the price's Lower Lows) eventually caused the March 18 2014 rebound. This is why the most optimal level to buy would be on the (current) RSI Higher Lows. If that isn't materialized, we will enter when the 1D MA100 (green trend-line) breaks, which will be a bullish break-out confirmation. In either case, our long-term target is the 2.382 Fibonacci extension level at 23000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:CN50Long
by TradingShot