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Trend Analysis

Markets Lower Ahead of Nvidia Earnings Equity Indices traded loEquity Indices traded lower on the session today after seeing strong gains yesterday to start the week with the Russell leading the downside pressure being down near 1%. The FOMC minutes were released this afternoon and showed that the Fed was comfortable with rates remaining unchanged for the time being, and equity markets fell while traders saw Bond Yields trade higher. Gold, Silver and Copper also saw losses on the session with Copper leading the selling pressure being down near 1.5%. The big news today came after the bell with Nvidia reporting earnings, where they saw a beat on both EPS and Revenue, and the S&P and Nasdaq are seeing some after hours gains. There was news this afternoon as well where President Trump ordered US chip designers to stop selling software to China, which could have longer term effects on the global supply and demand. Looking ahead for the rest of the week, traders will see key economic data looking at jobs and GDP that can add volatility to the equity indices and outside markets like the precious metals or crypto markets. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/ *CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc. **All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
CME_MINI:ES1!
by CME_Group
SIGN/USDT – Bullish Breakout Alert!🚀 SIGN Breakout Alert – 80% Potential Incoming?! 👀🔥 Hey Traders! If you're all about high-conviction plays and real alpha, smash that 👍 and tap Follow for more setups that actually deliver! 💹💯 SIGN has just broken out from a symmetrical triangle after consolidating tightly for weeks. The breakout is supported by strong volume and a solid bounce from the base of the structure. Entry: $0.082 - $0.085 (post-breakout zone) Targets: • $0.095 • $0.112 • $0.134 • $0.159 Stop-loss: Below $0.076 Risk-Reward: Over 6:1 — Excellent setup for trend traders. This move could mark the beginning of a strong upside wave. Keep it on your radar and manage your risk accordingly! Let me know your thoughts or if you're riding this one too!
Long
by CoreCrypto1
+113% gain made in 40 minues with Double BuyHUGE 🚀 +113% gain made in 40 minues with Double Buy Alert from $0.70 to Take Profit Alert at $1.10 🎯 Expected $1+ that's why two buy attempts were made during the day at $0.66 with both with $1.10 max target but shortsellers kept dropping the price and preventing a push higher so had to exit each time for controlled loss. Finally once after hours came they can't manipulate as much as they're able during the day so I notified everyone about $0.70 double buy and $1+ expectation. Soon after huge win was pocketed! Awesome end of the day with NASDAQ:ASBP after bumpy start of the day not taking profit on AMEX:SGN on time
NASDAQ:ASBP
by ProfitTradeRoom
Cummins India Limited – Strong Fundamentals Powering the FutureCummins India Limited, a subsidiary of Cummins Inc. (USA), is a dominant player in the Indian power solutions market. It operates across three core segments: Power Systems (generators, alternators), Industrial Engines (used in construction, mining, and marine applications), and Distribution (aftermarket services). The company benefits directly from India's infrastructure growth, export opportunities, and the transition to energy-efficient technologies. 🔍 Fundamental Highlights For FY24, Cummins India reported revenue of ₹8,173 Cr with an EBITDA of ₹1,689 Cr, translating into an EBITDA margin of 20.7%. Net profit stood at ₹1,248 Cr, giving a net margin of 15.3%. The company reported earnings per share (EPS) of ₹45.6. It remains financially strong with a return on equity (ROE) of 24.5%, return on capital employed (ROCE) at 30.2%, and a very low debt-to-equity ratio of just 0.01, making it virtually debt-free. The current ratio is 2.4, showing strong liquidity, and the inventory turnover ratio is 7.1, reflecting efficient operations. Despite premium valuations – the stock trades at a P/E of around 69.9x and a P/B of 16.4x – investors remain bullish due to its brand strength, consistent dividends (yielding about 1.3%), and a cash reserve exceeding ₹3,000 Cr. 📉 Technical View – Breakout Confirmed On 29th May, Cummins India broke out of a long-standing weekly contraction range. The breakout was backed by a volume spike of 2.86 million shares, which is significantly above the 30-day average volume of 614.92K – a nearly 5x surge, often indicative of institutional accumulation. Momentum is firmly in play with the RSI at 68 on the daily timeframe, holding above the key 60 level— a bullish momentum zone suggesting further upside potential. 🔍 Key Levels Reversal Zone: ₹2,850 – ₹2,975 Resistance 1: ₹3,285 Resistance 2: ₹3,642 Resistance 3: ₹4,000 Conclusion: Cummins India shows strong breakout backed by fundamentals and volume. Watch for momentum above ₹3,285 or dips near ₹2,975 for potential entries.
NSE:CUMMINSIND
by ALICEBLUE
GBP/JPY Elliott Wave Count Warns of Impending Sell-OffThe GBP/JPY pair has just completed a 5-wave downtrend, which ended around early April. Since then, the price has been moving higher in what appears to be a typical A-B-C corrective pattern — a common move that occurs after a major downtrend in Elliott Wave Theory. We are currently in the final wave (C) of this correction, and within that, it appears that Wave 5 of C is now unfolding. This final wave appears to be nearing its end, and the price is approaching a strong resistance area between 196.813 and 197.513. T1: 193.735 T2: 192.133 SL: 198.252 ❌ Invalidation Level: If the price closes above 198.252, this Elliott Wave count is likely wrong. That could mean the market is preparing for a bigger rally instead.
by Money_Dictators
MFL LONG TRADEMFL gave an ERC breakout in Dec 2024 - touching a high of 54.5 but showed SOT shortly and started trading in a downward corrective channel. This steep downward channel is actually a Bull Flag as per Price Action Principles. MFL has shown reversal with supportive Volume Gradient confirmations and upward movement from Golden Ratio Fibonacci retracement. Reversal trades are one of the best R:R trades. 🚨 TECHNICAL BUY CALL – MFL 🚨 🎯 BUY ZONE: Rs. 34-40.85 📈 TP1 : Rs. 47 📈 TP2 : Rs. 54.6 🛑 STOP LOSS: BELOW Rs. 29.9 (Daily Close) 📊 RISK-REWARD: High Conviction | 1:4.2 Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions. PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
PSX:MFLLong
by Mushtaque77
SHORT The S&P 500 Index: Not A Bear Market, Just A CorrectionWe are about to witness an inception of bearish action. A correction within a correction. After 7-April, the Cryptocurrency market started to recover, but the main Altcoins that were growing were all memecoins, and I wondered, "Why are mainly memecoins growing?" I know that when memecoins grow the market is actually bearish on the bigger picture. I shrugged it off and went LONG. It seems I have an explanation now, this recovery was only a partial recovery or, we are just in front of a classic retrace, a small correction. This means that regardless of how fast and strong it goes the end will result in a higher low, compared to 7-April. This means that the bullish structure will remain intact, but you can't change the fact that strength is not present on this chart. The SPX is going down next. There two main support levels to consider, you decide which one is the one that you should take. My job is to alert you of the event before it happens, great timing and entry prices, you can take care of the rest. Thank you for reading. This is a friendly reminder. Market conditions can always change. Namaste.
SP:SPXShort
by MasterAnanda
1
XAUUSD Making Lower HighsGood day, The overall trend of XAUUSD on the 4-hour timeframe currently appears bearish. This is supported by recent price action where gold is pushing up toward previous day highs, likely setting up for a bearish pullback to test resistance levels. Key Price Levels and Targets Resistance and Pullback Setup: The price is approaching resistance near recent highs, a supply area that may trigger a bearish pullback if the upside momentum weakens. Estimated Price Targets: Immediate targets on the downside are 3,195.896 and 3,130.847, which align with intermediate support levels. A more extended bearish bias targets 3,010.225, potentially reaching as low as 2,942.672, which corresponds to deeper support zones. Fundamental Highlights: The recent easing of tariff tensions and a stronger US dollar have reduced safe-haven demand for gold, contributing to the bearish outlook. The Federal Reserve’s cautious stance on interest rates and inflation risks adds complexity; while hawkish signals can pressure gold prices, any potential rate cuts later in 2025 could provide support. Geopolitical risks remain a wildcard: escalation could boost gold’s safe-haven appeal, while easing tensions may further weigh on prices. Happy Trading, K. Not trading advice.
OANDA:XAUUSDShort
by Khiwe
NOTUSDT - SELLERS ARE IN CONTROL!!!Observing NOTUSDT, one identifies a notable blue box on the chart. This area, in the estimation of a discerning investor, appears to function as a significant resistance level. The principle here is straightforward: when an asset's price ascends to a particular zone and consistently encounters selling interest, preventing further ascent, that zone establishes itself as a resistance. This blue box suggests a concentration of supply, where those who hold the asset are prepared to divest. At present, my observation indicates that buyers are not actively engaged in overcoming this resistance. The market's current disposition, unfortunately, does not present a bullish outlook for this particular asset. While technical patterns are not the sole determinant of value, they can illuminate where market participants are distributing positions. A sustained defense of this blue box by sellers, particularly if accompanied by a decrease in buying pressure or an uptick in selling volume, would reinforce its significance. Here, one would also scrutinize the volume footprint for signs of genuine distribution, look for CDV (Cumulative Delta Volume) divergences that might signal a shift in momentum, and patiently await low timeframe (LTF) confirmations to validate any potential short entry. It is worth noting that my focus is exclusively on assets demonstrating a sudden and significant increase in volume, as such movements often precede more substantial price action. This selective approach helps in concentrating capital where the market is showing clear intent. In this instance, the lack of such decisive buying volume further solidifies my current stance. Conversely, a decisive breach of such a resistance level would necessitate a re-evaluation, as it would indicate a shift in the balance between supply and demand. However, for the present, this blue box stands as a point of interest for those seeking to understand the potential ceiling for NOTUSDT's price action. 📌I keep my charts clean and simple because I believe clarity leads to better decisions. 📌My approach is built on years of experience and a solid track record. I don’t claim to know it all but I’m confident in my ability to spot high-probability setups. 📌If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge. 🔑I have a long list of my proven technique below: 🎯 ZENUSDT.P: Patience & Profitability | %230 Reaction from the Sniper Entry 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total 🌟 FORTHUSDT: Sniper Entry +%26 Reaction 🐳 QKCUSDT: Sniper Entry +%57 Reaction 📊 BTC.D: Retest of Key Area Highly Likely 📊 XNOUSDT %80 Reaction with a Simple Blue Box! 📊 BELUSDT Amazing %120 Reaction! 📊 Simple Red Box, Extraordinary Results 📊 TIAUSDT | Still No Buyers—Maintaining a Bearish Outlook 📊 OGNUSDT | One of Today’s Highest Volume Gainers – +32.44% I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Short
by UmutTrades