Nikkei 225 index Wave Analysis – 8 May 2025
- Nikkei 225 index broke the resistance zone
- Likely to rise to resistance level 38275,00
Nikkei 225 index recently broke the resistance area between the resistance level 37255.00, resistance trendline from January and the 61,8% Fibonacci correction of the downward impulse from January.
The breakout of this resistance zone accelerated the active impulse wave c of the intermediate ABC correction 4 from the start of April.
Nikkei 225 index can be expected to rise to the next resistance level 38275,00 (former monthly high from March and the target for the completion of the active impulse wave c).
Market indices
S&P500 - The bottom we have been waiting for!The S&P500 - TVC:SPX - officially created the bottom:
(click chart above to see the in depth analysis👆🏻)
This month we officially saw one of the craziest stock market fakeouts of the past decade. With a drop and reversal rally of about +15%, the S&P500 is about to even close with a green monthly candle, which then indicates that the stock market bottom was created.
Levels to watch: $120, $250
Keep your long term vision!
Philip (BasicTrading)
DXY - ANALYSIS👀 Observation:
Hello, everyone! I hope you're doing well. I’d like to share my analysis of DXY (Dollar Index) with you.
Looking at the DXY chart, I expect a price increase towards 101.267. After reaching this level, I anticipate a decline to around 96.00.
📉 Expectation:
Bullish Scenario: Price increases towards 101.267.
Bearish Scenario: After reaching 101.267, a decline to 96.00.
💡 Key Levels to Watch:
Resistance: 101.267
Support: 96.00
💬 What are your thoughts on DXY this week? Let me know in the comments!
Trade safe
Why I'm Bullish on the DXY: A Fundamental Approach!Powell continues to take a cautious tone, emphasizing a wait-and-see approach while acknowledging rising inflation risks, which suggests there's no urgency to cut rates. This leans slightly hawkish, especially compared to the market’s more dovish expectations, and could support some near-term Dollar strength. However, a more sustained move in the USD likely hinges on progress in upcoming trade discussions—particularly with China. Today's FOMC outcome is just one part of the broader picture; the next key signal may come with developments in the coming days. For now, the bias remains USD bullish heading into the London session.
Technically, the DXY has broken its downtrend, signaling a potential shift in momentum. I’ll be watching for a possible retracement toward the 99.700 area, which could serve as a key support level before any further upside continuation.
No BREAKDOWN! Yet to decide the trend! As we can see despite the break it managed to close inside the structure and hence still the indecision remains in view as till it sustains either side of the structure, no directional move can be expected but gaps can be created due to war like situation leading to sluggishness in the market so plan your trades accordingly and keep watching
NASDAQ Bulls Pushing – Will 20,347 Hold or Break?Price is currently approaching the 20,347 🔼 resistance zone after a strong bullish rally from the 19,150 🔽 support level. The market structure remains bullish with consistent higher highs and higher lows, showing strong buyer momentum.
Support at: 19,670 🔽, 19,150 🔽, 18,500 🔽, 17,600 🔽
Resistance at: 20,347 🔼, 20,600 🔼, 21,000 🔼
Bias:
🔼 Bullish: If price breaks and holds above 20,347 🔼, we could see a continuation toward 20,600 and 21,000.
🔽 Bearish: A strong rejection from 20,347 🔼 could send price back down toward 19,670 and 19,150 for a retest.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
SPX Continues to Rise After FOMC DecisionThe U.S. index has been gaining more than 2% in recent trading sessions, and the bullish bias has remained intact since the Federal Reserve’s decision during yesterday’s session. The central bank once again opted to keep the interest rate steady at 4.5%. However, according to some comments, Chairman Powell mentioned that the economy is approaching a point where it may soon be appropriate to begin cutting interest rates. This has fueled expectations of future rate cuts and has helped sustain confidence in equity indices over the short term.
Uptrend: Since April 9, a new short-term uptrend has been consistently forming, with price movements holding above the 5,000-point mark. However, the price is now approaching a key resistance level, and as long as this barrier holds, it could lead to short-term neutrality in recent price action.
ADX: The ADX line has been falling sharply in recent sessions and is now nearing the neutral 20 level. This indicates a lack of sustained volatility in recent price moves. If the ADX remains at these levels, it could reinforce a period of consolidation or range-bound movement in the short term.
RSI: The RSI line remains consistently above the neutral 50 mark, indicating that buying momentum still dominates in the short term. However, as the RSI approaches the overbought level near 70, this could open the door for short-term bearish corrections.
Key Levels:
5,750 points – Nearby resistance: This level coincides with the 200-period simple moving average. A breakout above this zone could strengthen the bullish bias and support a more sustained uptrend.
5,540 points – Nearby support: This level aligns with the 50-period moving average and may serve as a potential zone for bearish corrections to unfold.
5,370 points – Critical support: This level aligns with the short-term ascending trendline. A drop below this support could jeopardize the current bullish structure in the short term.
Written by Julian Pineda, CFA – Market Analyst
NAS100 BUY Trade ideia. 1-10RRNAS100 BUY Trade ideia. 1-10RR. After the TP hit from yesterday Im still expecting more bullish momentum so Im waiting to see if I can get this 1-10RR or at least 1-5RR from this. Remember we need confirmations to enter the trade. It has to brake structure in 5min before we enter.
Lets see
US30 SHORT SELL to Buy long term The US30 is currently on a bullish sugar rush, charging upward like it just chugged three Red Bulls. But hey, even bulls need bathroom breaks! So while it’s flexing its muscles, I’m sneaking in some quick sell scalps—because why not profit from its little caffeine crashes?
Once this over-caffeinated beast finally pauses to catch its breath (aka retraces), I’ll be waiting with open arms to buy the dip like it’s Black Friday and the US30 is on sale. Long-term buy? Yes, please—just gotta wait for that ‘premium discount’ level. Because in trading, as in life, patience (and a little bit of cheeky scalping) pays off!
"Nifty 50 Chart Turns Cautious: Downside Risk Builds"1. **Rising Wedge Breakdown:**
* The index had been trading in a **rising wedge** pattern (purple converging lines).
* A **bearish breakdown** has occurred, suggesting potential for further downside.
* The price broke below the lower trendline with strong red candles and rising volume, validating the bearish move.
2. **Bear Flag Breakdown:**
* A smaller **bear flag** or **descending channel** pattern within the wedge broke down as well, reinforcing bearish sentiment.
3. **Support Zone Tested:**
* Price is currently hovering around a critical **horizontal support zone** between **24,081 – 24,240**, marked with black lines.
* The index is sitting just above this zone, and a clean break below could accelerate selling.
4. **Long-Term Uptrend Line:**
* A longer-term ascending trendline lies just below the current price (\~24,050 area).
* This could act as **last-resort dynamic support** before a larger correction.
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* **Immediate Resistance**:
* 24,240 – Minor horizontal resistance
* 24,400 – Former support now turned resistance
* **Immediate Support**:
* 24,081 – Horizontal support
* 23,900–24,000 zone – Next key demand area
* 23,700 – Long-term trendline & psychological support
---
**Volume Analysis:**
* Recent volume spike on red candles indicates **stronger participation from sellers**.
* Bearish momentum is likely to continue unless volume dries up and bullish candles appear at support.
Will NIFTY50 fall?Regarding NIFTY 50 Index
my expectation was that after a small growth, the g-wave from the diametric will be completed, then the price correction will start and the reason for it can be anything, definitely if the correction starts, the reason will be the war between India and Pakistan.
Normal:
The correction can continue up to the range of 23209-23456 and after spending the required time, start moving up. If this range is broken, the correction can end in the range of 22300-22700.
Pessimistic:
If the end of the wave-(D) is broken strongly, the upward movement that was formed from 21740 to 24593 will be considered as an X-wave and the wave-(D) will turn into a double pattern. Although the upward movement that formed from 21740 to 24593 does not have all the conditions of the X-wave, but when the market is not normal, we need to be a little flexible in our analysis.
What will be the second pattern of the double combination?
Usually, after the diametrics, the second pattern tends to be a neutral triangle or a contracting triangle or a reverse contracting triangle. But I will not comment on it now and wait for a few waves of the second pattern to form, then we can predict the pattern with more probability.
Good luck
NEoWave Chart
Hanzo : NAS100 15m: Bullish Confirmed After Liquidity Trap Nas100 – Hanzo’s Strike Setup
🔥 Timeframe: 15-Minute (15M)
——————
💯 Main Focus: Bullish After Break at 19950
We are watching this zone closely.
👌 Market Signs (15M TF):
• Liquidity Grab + CHoCH at 19930
• Liquidity Grab + CHoCH at 19650
• Strong Rejections seen at:
➗ 19750 – Major support / Key level
➗ 20100 – Proven resistance
Hanzo : NAS100 15m: Breakout Zone Confirmed After Liquidity Trap
US100 - Liquidity sweep likely before bullish continuationFollowing a significant upward move last week, the US100 (Nasdaq 100 index) has entered a period of consolidation, currently exhibiting a ranging structure characterized by lower highs and relatively equal lows. This pattern typically suggests a tightening market where bullish momentum is cooling but not yet decisively reversed.
The presence of equal lows is particularly notable from a liquidity perspective. In retail trading behavior, such levels often attract a high concentration of stop-loss orders placed just below the support zone. Market participants perceive these lows as a reliable level of support, but in doing so, they inadvertently create a pocket of liquidity just beneath them.
Institutional players and market makers are well aware of these dynamics. It's common in such scenarios to witness what is known as a liquidity sweep, a short-term move below support levels to trigger stop-losses, fill large buy orders, and shake out weaker hands before the market resumes its dominant trend.
Given the current context, there's a high probability that we may see a downside sweep targeting the liquidity resting beneath the equal lows. This move would likely be swift and sharp, clearing out stop orders before a potential bullish reversal unfolds. If confirmed, such a move could mark the end of the current range and initiate a new impulsive leg higher in the broader uptrend.
Traders should watch for signs of price rejection or bullish divergence following the sweep as potential confirmation of this scenario. Until then, it’s prudent to remain patient and avoid getting trapped in the chop, especially near well-watched support zones.
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DXY is entering the Smart Money play — Are you ready Temporary selling pressure is unfolding, but a powerful bullish reversal zone is on the horizon! Don’t miss this key USD cycle setup
The US Dollar Index (DXY) is currently breaking down for a temporary selling phase, approaching a high-probability demand zone between 96.40–98.00.
According to the Smart Money Concept, institutional players are clearing liquidity before driving price back towards the higher supply zone (106–110).
Key Insights:
– Temporary Sell-Off: Price is moving toward the demand zone
– Bullish Reversal Expected: Watch for signs of accumulation around 96.40–98.00
– Next Target: Supply zone near 106+ levels
– Strategy: Monitor for bullish confirmation before longing
Stay ahead with clean Smart Money setups —
X2: NQ/US100/NAS100 Short - Day Trades 1:2X2:
Risking 1% to make 2%
NAS100, US100, NQ, NASDAQ Short for day trade, with my back testing of this strategy, it hits multiple possible take profits, manage your position accordingly.
Risking 1% to make 2%
Use proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice
Nifty Market view and trade plan * I explain weekly chart, in explanation I explained from last four months but actually it was from last four weeks.
So Nifty price action shows - Slight down to consolidation bias
Market has trapped lower low formation so 23500/23600 will act as strong demand zone
Major constituent of Nifty
1. Finnifty - Consolidatiing after hitting all time high so, down to sideways for short term ( one to four week)
2. Nifty IT - Slight down and consolidation
3. Nifty oil and Gas - Down this previous demand zone of 10750
4. Nifty Auto - Follows almost Nifty and Nifty oil and gas structure so down to side ways
5. Nifty FMCG - At the bottom of consolidation so down chance are high
Over all sideways to down bias