Market indices
Dow Jones break wedge pattern Dow jones break Wedge pattern but it still above demand zone and up trend
Demand zone between (42649.00:42773.00) if it still above this demand zone i think it will go up again to reach 43037.00 then 43350.00.
in the other side if demand zone has been broken and closed under daily candle it i think we may see correction up to 42390.00 then 41860.00.
Nasdaq Outlook: 23-OCT-2024Good morning. Welcome to today's Nasdaq market analysis and educational insights for price action traders.
Us Wall St 30 forecast by Elliott The potential target and timing of the third wave have been drawn using two tools: Fibonacci Extension and Fibonacci Time. According to this analysis, within the next two weeks, we can expect it to rise up to 44,000.
Shanghai Composite Index (SSE) To Hit 6,124 First, Then 8,660SSE had a rally from 2005 to 2007 establishing the all-time high of CNY 6,124.
After that, the price had built a weird corrective structure with ups and downs fading in magnitude over a very long period of time.
It took 17 years to complete the giant contracting triangle (white ABCDE marks).
The pattern was broken to the upside this summer.
This is the first harbinger of possible reversal and potential rally.
The confirmation we wait is the breakup of the peak of wave D beyond CNY 3,724
The conservative target for the upcoming rally is located at the all-time high of CNY 6,124
The ultimate target is set at the equal distance of blue wave (A) in blue wave (C) at CNY 8,660
The beginning of the next bull market.As I mentioned in our previous conversation, the trade entry point was within the box. Now, we wait until December for the next phase of correction. Strong stocks with good results are expected to deliver significant returns. The correction has ended.
The beginning of the next bull market.This box represented both the stop-loss and the buying zone. The index closing above the box confirms the start of a new bull run, expected to continue until mid-December. The end of the correction was confirmed yesterday, with most of the selling driven by retail investors.
DAX H4 | Potential bullish bounceDAX (GER30) is trading close to a swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 19,421.13 which is a swing-low support that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 19,280.00 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level.
Take profit is at 19,689.28 which is a swing-high resistance that aligns with the all-time high.
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SET50 bottom is inSET50 finally broke above 200-day moving avergae. This comes with significantly improved market breadth.
Bottom is in. Any pullback to 845-850 area is a buy opportunity
Asia Session Recap - GBPJPYTook 1 trade on GBPJPY for Asia Session. I took it as a Breakout trade on the daily based off the flip of the Monthly Breakout Level.
Nifty - NO HEAD & SHOULDERS 🚨This is my outlook on #Nifty.
🎯No Head and Shoulders pattern for me.
🎯 We have just now reached the EMA21. That is routine, Nothing unusual.
🎯 We are at a support line now. Will it hold? Let's watch
🎯 24,000 is an ultimatum support which IMO should hold. But again time will tell.
🎯 You can now access our structured charts for all Nifty 500 companies. Check the signature column below for more info.
🎯The index is down just 7% from its ATH even after a 90,000 Cr withdrawal by FIIs this month.
🎯 A pullback is crucial for the price cycle
🎯 I will start getting a bit worried if we breach the 24000 mark with a strong candle.
⚠️ That's just my outlook. need not be yours.
Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. All investments carry risk, and it’s important to conduct your own research or consult with a certified financial advisor before making any investment decisions. I do not provide buy, sell, or hold recommendations. Past performance is not indicative of future results.
NIFTY Bears Roar! TP2 Hit, Momentum Building for More!NIFTY 15m time frame Short Trade
Entry: 24,827.10
Current Price: 24,565.50 – TP2 completed, moving closer to TP3 and TP4
Key Levels:
Stop-Loss (SL): 24,902.70 – Protecting against reversals above resistance.
Take Profit 1 (TP1): 24,733.70 – Hit, confirming downtrend initiation.
Take Profit 2 (TP2): 24,582.50 – Hit, trend acceleration seen.
Take Profit 3 (TP3): 24,431.30 – Approaching the next key target.
Take Profit 4 (TP4): 24,337.85 – Final target for this move.
Trade Outlook:
NIFTY continues its downward journey, with TP2 successfully hit. Bearish pressure remains strong, and we anticipate the next targets being met as the market sustains its downtrend.
Bear market to continue As shown, the nifty made a head and shoulder pattern with a retest and is now focusing downwards the market. However this downfall can continue upto 24000 as there is a strong support there, hence it is advisable to wait till 24000 for any bullish expectations.
Bear market to continue As shown, the nifty made a head and shoulder pattern with a retest and is now focusing downwards the market. However this downfall can continue upto 24000 as there is a strong support there, hence it is advisable to wait till 24000 for any bullish expectations.
Falling towards 50% Fibonacci support?DJ30 is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 42,601.36
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Stop loss: 42,438.90
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 43,005.50
Why we like it:
There is an overlap resistance level.
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NIFTY-AT ITS CRUCIAL 100 DEMA LEVELSNIFTY -Positionally its on a weaker platform and is at its crucial support 100 DEMA, it it fails to hold 24400levels expect sell on rise and the next major support lies at 23900.Seems ,NIFTY will regain its buy momentum only if it retains 25K
Could the price bounce from here?GER40 is reacting off the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 19,439.80
Why we like it:
There is a pullback support level.
Stop loss: 19,279.78
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Take profit: 19,673.35
Why we like it:
There is a pullback resistance level.
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#NIFTY Intraday Support and Resistance Levels - 23/10/2024In today's session, Expected nifty will open near 24500 level. After opening if it's sustain above 24500 level then expected correction movement upto 24700. Upside 24700 will act as a strong resistance for today's session. In case, Nifty gives breakdown of 24450 level then possible strong downside upto 24200 level in today's session.
NAS100 - SEE YOU SOONTeam, yesterday we short before market got 120 points - all target hit
then we went long got more than 200 points - all target hit
NOW, we are patience and waiting game, once the price is form at 20425-20443 - WE WILL SHORT
With stop loss at 20465 - but suggestion at 20485
TARGET 1 at 20383-76
TARGET 2 at 20337-26
TARGET 3 at 20272-66
PLEASE NOTE: Once the price hit first target, please ensure take partial and bring stop loss to BE. Many Thanks
[INTRADAY] #BANKNIFTY PE & CE Levels(23/10/2024)Today will be gap down opening expected in banknifty. Expected opening near 51050 level. After opening if banknifty starts trading below 50950 level then expected strong downside rally of 400-500 points in index. Any bullish side movement only expected if it's sustain above 51050 level. Upside 51450 will act as an immediate resistance for banknifty.
Will the market uncertainties impair the Dow?Macro theme:
- The US30 has pulled back from record highs after a long rally, driven by rising Treasury yields and worries over high valuations.
- Investors are watching earnings from companies like Boeing (BA) and Coca-Cola (KO), which could affect market sentiment.
- With mixed economic signals and geopolitical uncertainties, short-term volatility is expected. Investors are balancing hopes for Fed rate cuts against concerns about economic growth and corporate earnings.
Technical theme:
- From the 4-hour chart, US30 broke its ascending trendline and retested EMA78 and the support level at 42720.
- If US30 breaks below 42720, the index may change the structure sideways and reach nearby support around 42390.
- On the contrary, if US30 remains above 42720, the index may consolidate within 42720-43300 until an apparent breakout occurs.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Inverse Pole and Flag in Nifty BankNifty Bank has fallen from the parallel channel upper trendline, giving a slight breakout. If the downside movement continues, it opens up a pole-and-flag pattern target.
Trade in small quantities.
Trade with stop loss.
Risk Management and Money Management are more important than setups.
For Paper Trading and Educational Purposes only.
