Hey Traders, US500 is trading in a down trend and extending pullbacks seems to approach the major trend, so in today's trading session i will be watching a potential rejection around 3925 supply and demand zone at the trend. one of the reason i'm considering this potential setup is the bullish momentum on DXY as we know the negative correlation between the stock...
Good Morning! We've been mostly cash when it comes to #stocks. Been defensive as we have #GOLD #SILVER #BCH #BTC (#crypto #altcoins in personal) some $VIX & some bigger VALUE names, added some more today $AMGN $VZ as examples. We've reduced the exposure as the direction seems south but anything can happen. FEAR is the word. #Dollar ripping again & bond...
HTF double bottom, or 8H double bottom that haven't been retested yet. I'm thinking we are soon to retest this, until EOY probably. Double top on RSI, retest of previous high and many other signs, that makes me think this will be a nice short play. Trendlines there for the orientation and confirmation of the breakdown. Targets: 25,50$ and 23,50$ Invalidation:...
Reliance has been in consolidation for a long time, 2200-2350 has been a strong demand zone. It looks like this support level is weakening. DMI also indicates a bearish outlook. A breakdown from the level of 2200, the downside will pick up the pace. Will wait till then.
The S&P 500 has attempted a bullish break out in January 2023. The price stalled and started ranging right above previous resistance trend line. Today we see major sell pressure. If we close under temporary support line on my daily chart then we will see the stock market form it's next leg in a downtrend. This will be the longest leg downward. When price fails to...
On the daily chart, Microsoft is showing a double bottom and the lows are rising. The 1-hour level broke out of the central zone, and the short-term take profit target is set at the previous high near 267
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart GPRO is stuck inside a range around support in the shape of a rising broadening wedge, and it is currently around the lower bound so we will be looking for buy setups on lower timeframes. on H4: Right Chart 🏹 For the bulls to take over, we need a...
#NMDC... Intraday as well as swing trade All levels given in charts IF good potential seen then we work in options also if activate then possible a huge movement Keep eye on this We take trade only when it activates...with proper stoploss and their logic
Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
Bank of America (BAC) shows a lower low bearish sequence from 1.10.2022 high favoring further downside in the stock. Near term, cycle from 2.8.2023 high is in progress as a 5 waves Elliott Wave impulse. Down from 2.8.2023 high, wave 1 ended at 33 and rally in wave 2 ended at 34.56 as the 1 hour chart below shows. The stock resumes lower in wave 3 with internal...
The market rebounded as most US inflation readings met estimates, with a 6.0% year-on-year increase, though monthly core inflation was slightly higher at 0.5%. US stocks also closed higher as the aftershock of Silicon Valley Bank’s collapse subsided, with the Nasdaq 100 surging 276 points (+2.32%) to 12,199. The S&P 500 added 64 points (+1.68%) to 3,920, and the...
BBCA is going to make a downside movement, the target will be 1.618 Fibonacci ratio near the previous gap or 2.24, near the classic target of Head and Shoulder pattern (yellow horizontal line) #fibomic #BBCA
Market Conditions: - trend reversal - bullish sentiment in the market Key Level and Lines: - $103.50 resistance Trading Ideas: - go long after a consolidation around the resistance - a downward movement below $100 and the bearish sentiment in the market = go short.
Dollar General - 30d expiry - We look to Sell a break of 212.47 (stop at 220.62) Daily signals are bearish. The sequence for trading is lower lows and highs. A clear break of 215 and we would look for further losses to 200. Our outlook is bearish. There is no clear indication that the downward move is coming to an end. Our profit targets will be 193.53 and...
On the chart, we can see an inverse head and shoulders, which is a strong bullish pattern. Both MACD and RSI are indicating bullish crossings. We will now wait for a breakout of the neckline, to take our entry. More details are shown on the chart. Good luck! 🚀
Bitcoin again surprising everyone and breaking upward. Indicators are looking good. It looks like the ichimoku cloud opens up around 35K, which neatly meets the previous low before the capitulation. This looks like a good place to set targets and expect either a pullback or a rest before moving higher. How long this will last isn't clear, but if this is similar to...
NASDAQ:GOOGL Hi guys, So this is my analysis for GOOGL . Please bear in mind that this is a long term analysis and it could take time to play out. As you can see GOOGL was in a clear Uptrend (Higher Highs, Higher Lows). We created ATH in November 2021 and since then price tried to break that level in January 2022 but that attempt to break it was not...
The the US dollar index failed in 2 attempts to break above the 250 SMA, which means that the daily decline continues. On the 1-hour chart, the dollar has not completed its trend reversal and remains in a downtrend channel. The first retracement did not enter the central, the second did not break the previous high and the downtrend continues. With the...