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DreamAnalysis | NASDAQ's Next Move Key Levels and Market Outlook✨ Today’s Focus: NASDAQ (US100) – A Market Mover We delve into the latest price movements and analyze key market levels to uncover potential trends. 📊 Current Market Overview: Currently, the price is consolidating within the 4-Hour Imbalance zone, formed after breaching the Previous Month High and retracing lower. Additionally, Smart Money Technique (SMT) is evident at highs, correlating with ES (SPX500). 🔴 What to Expect: Short-Term vs Long-Term Scenarios Explore potential outcomes for both short-term and long-term perspectives, outlining bullish and bearish possibilities for day trading. 🗣 Short-Term Outlook: In the short term, expect the price to consolidate around the Imbalance and SMT levels, potentially targeting the Previous Week Low (PWL) as a liquidity draw. 🗣 Long-Term Outlook: Long-term projections suggest a possible retest of the Previous Week High (PWH) followed by a decline towards the Equilibrium (50% level) of the current monthly range. 🕓 Key Levels to Watch: These critical levels could significantly influence price action: - PMH: Previous Month High - PML: Previous Month Low - PWH: Previous Week High - PWL: Previous Week Low - BSL: Buy-Side Liquidity - SSL: Sell-Side Liquidity - Daily FVG: Fair Value Gap (Imbalance zone) These levels denote potential areas for liquidity absorption or market rebalancing. Fair Value Gaps (FVGs) represent zones where price retracement may occur before resuming its trend. 📈 Bullish Scenario: Currently, a bullish stance is not anticipated. However, on lower time frames, identifying Low Resistance Sell Side Liquidity (LSSL) could precede targeting higher levels such as the Previous Week High. 📉 Bearish Scenario: The bearish scenario aligns with the short-term outlook. Currently bearish, lower time frame analysis can refine entry models and points for enhanced trading confluence. 📝 Conclusion: Remain adaptable as market conditions evolve. Vigilantly monitor these critical levels and setups to refine your strategy and identify high-probability trade opportunities. 🔮 Looking Ahead: Stay tuned as we track NASDAQ, DXY, EUR/USD, and other major markets. Timely insights will follow as trends develop. ⚠️ Disclaimer: This analysis serves educational purposes only and not as financial advice. Always conduct thorough research and consult a licensed financial advisor before making investment decisions.
CAPITALCOM:US100
by DreamAnalysis
S&P500: Best buy entry the 4H MA100.S&P500 is bullish on its 1D technical outlook (RSI = 62.185, MACD = 62.800, ADX = 52.249) but neutral on 4H, which given the long-term bullish trend, has started to ring the first buy signals. Technically though, a better opportunity would exist on the 4H MA100 and not the 4H MA50 which was just tested. In fact, the last HL of the 5 week Channel Up was priced on the 4H MA100 when the 4H RSI broke under 40.00 (bearish). We will buy when those conditions are fulfilled and aim for another +3.50% rise (TP = 6,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
7
BANKNIFTY : Trading Levels and Plan for 22-Oct-2024Bank Nifty Trading Plan for 22nd October 2024 In the previous session, Bank Nifty traded within a range after facing strong resistance around the 52,216 level. The index remained choppy, testing support near 51,722 but failed to break out of the broader consolidation. As the market prepares for the next trading session, critical levels for breakout or breakdown will determine the direction of movement, particularly around the resistance and support zones marked in the chart. Gap-Up Opening (200+ Points): If Bank Nifty opens with a gap-up above 52,216, traders should wait for a sustained breakout above this level to confirm upside momentum. Long positions can be initiated above 52,216 with targets towards 52,423, which is the last strong intraday resistance. Once 52,423 is crossed, the next target could be 52,836, but watch for signs of exhaustion near this level. Place a stop-loss just below 52,216 to protect your position in case of a reversal. Flat Opening: In the case of a flat opening near the current price of 51,857, observe how the price behaves around the 51,722-51,655 support/resistance zone. A breakout above 51,722 could provide a buying opportunity, with upside targets at 52,216 and 52,423. A failure to hold 51,722 may lead to a downside move towards the next support zone around 51,468. Stop-loss for long trades should be placed below 51,655, and for short trades, the stop-loss can be kept just above 51,722. Gap-Down Opening (200+ Points): If Bank Nifty opens with a gap-down below 51,468, traders should monitor price action closely as it approaches the "Must Try Zone for Buyers" between 51,468 and 51,336. If buyers step in near 51,336 and defend this level, long positions can be considered, but only after confirming a reversal. In case the 51,336 level breaks, the next downside target is 50,803, and any further weakness could accelerate the selling pressure. Keep a stop-loss below 51,336 for long trades, while for short trades initiated at higher levels, the stop-loss can be placed above 51,468. Risk Management Tips for Options Trading: Avoid naked options trades in highly volatile scenarios. Use spreads or combination strategies like iron condors to limit risk. Monitor Bank Nifty’s movement closely near key levels, especially in the 51,722 and 52,216 zones, where premiums can erode quickly due to time decay. Book profits quickly in options, especially near key resistance levels like 52,423, as sharp reversals are common at such levels. Ensure proper position sizing and do not over-leverage. Always keep a clear stop-loss in mind based on the levels mentioned above. Summary & Conclusion: For 22nd October 2024, Bank Nifty’s key levels are 52,216 on the upside and 51,468 on the downside. A gap-up opening above 52,216 can lead to a test of 52,423, while a gap-down opening below 51,468 could take the index towards the 51,336-50,803 support zones. Flat openings should be traded cautiously, especially around the 51,722 level, which could act as both support and resistance depending on price action. Always use proper risk management strategies when trading options, and avoid trading in uncertain zones without clear breakouts or breakdowns. Disclaimer: I am not a SEBI registered analyst. This plan is based on my personal analysis using technical parameters. Traders are advised to conduct their own research or consult with a financial advisor before making any trading decisions.
NSE:BANKNIFTY
by LiveTradingBox
NIFTY : Trading Plan and Levels for 22-Oct-2024Nifty Trading Plan for 22nd October 2024 In the previous session, Nifty traded in a downward channel, testing support levels near 24,673 but failing to break through significant resistance near 25,053. The index displayed signs of weakness after opening resistance was met, resulting in a sideways movement. As the market opens on 22nd October, it is crucial to observe key zones for a potential breakout or breakdown. Gap-Up Opening (100+ Points): If Nifty opens above the 25,053 resistance, wait for confirmation of a sustained breakout beyond 25,095. Long positions can be considered once the price holds above 25,095, with upside targets toward the last intraday resistance at 25,236. Place a stop-loss below 25,053 to minimize risk in case of a reversal. In case Nifty reverses from the 25,095 resistance, watch for a potential retracement back towards 24,800. Flat Opening: For a flat opening near the current levels of 24,739, monitor price action around the immediate support/resistance zone of 24,673-24,643. A sustained breakout above 24,673 could trigger a move toward 25,053 resistance, where price action should be watched carefully for continuation or reversal. On the downside, if Nifty breaks below 24,643, it could retest the 24,553 support area, and a breakdown could see levels near 24,487. Keep a stop-loss at 24,643 for long trades and 24,673 for short trades to protect your position. Gap-Down Opening (100+ Points): If Nifty opens with a gap-down below 24,553, expect selling pressure to intensify, with the next support levels being 24,487 and 24,360 (the "Must Try Zone for Buyers"). If 24,360 holds, a reversal trade could be taken, but it is safer to wait for a confirmed bounce before entering long positions. If 24,360 breaks, the next downside target is 24,296, where buyers may try to defend. However, if the bearish momentum persists, the correction could deepen. Set a stop-loss below 24,360 for long trades, and for shorts, keep it above 24,487. Risk Management Tips for Options Trading: Use spreads or strategies like bull call spreads to limit risk in highly volatile conditions, especially near the 25,053 resistance. Focus on quick exits in options trades when Nifty approaches key resistance levels like 25,095, as sudden reversals can erode premiums. Avoid trading naked calls or puts. Stick to strategies with limited downside risk, such as vertical spreads or iron condors. Manage your position size carefully, especially during gap openings, as they can lead to sharp price movements. Summary & Conclusion: For 22nd October 2024, the key resistance zone is between 25,053 and 25,095. A gap-up above 25,095 could trigger a move toward 25,236. On the downside, 24,673 is the immediate support level to watch for potential breakdowns, with 24,553 and 24,360 being critical zones for buyers to defend. Risk management is crucial, particularly when trading options, as sudden volatility around these levels could affect trade execution and profitability. Always maintain a clear stop-loss strategy to minimize potential losses. Disclaimer: I am not a SEBI registered analyst. This trading plan is based on my personal analysis using technical parameters. Traders are advised to conduct their own research or consult with a financial advisor before making any trading decisions.
NSE:NIFTY
by LiveTradingBox
Analysis of Dollar / DXYAs I mentioned in yesterday's analysis, there is a strong bullish momentum. Today, after the market opened, we saw that the price continued in that direction, following the upward trend. I took advantage of this momentum on other currency pairs and entered trades. On the weekly time frame, we can see a lot of liquidity as well as movement within a consolidation zone. What I anticipate could happen tomorrow is a pullback due to news and a continuation of the momentum on the daily time frame. Of course, we need to wait and be patient before entering a trade.
TVC:DXY
by andricstrahinja95
NIFTY 50 KEY LEVELS FOR 22/10/2024//@description // All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com // Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work. **Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:NIFTY
by nandupk
BANKNIFTY KEY LEVELS FOR 22/10/2024//@description // All credit goes to Tony for the concept of this indicator. His Trading View link: www.tradingview.com // Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work. **Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, price range and indiavix. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
NSE:BANKNIFTY
by nandupk
Weekly Technical AnalysisStart your week by identifying the key price levels and trends. The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex. *KEY Trend is set by the slope of the VWAP over 50 periods Phase is determined by the current price relative to the VWAP (20) level (above or below) Support & Resistance are set by the StdDev #2 Lower and Upper respectively. Momentum is determined by the RSI level (70 as overbought and under 30 as oversold). --------------------------------------------------------------------------------------------------------------- Analysis Germany 40 Germany 40 remains bullish in an impulsive phase. The current price is 19,505, positioned above the VWAP (20) of 19,136. Support is now at 19,287, while resistance stands at 19,695. The RSI is 59, indicating ongoing bullish momentum but with slight moderation. UK 100 The UK 100 is still neutral but the latest push to the top of the range suggests a possible breakout is imminent. The current price is 8,335, sitting just above the VWAP (20) of 8,281. Support is identified at 8,183, while resistance is at 8,380. The RSI is 53, reflecting a balanced momentum with no strong directional bias. Wall Street Wall Street remains bullish, in an impulsive phase as price pushes into new record highs. The price is currently 43,052, trading above the VWAP (20) of 42,444. Support is at 41,511, and resistance is at 43,377. The RSI is at 61, maintaining bullish momentum. Brent Crude Brent Crude has flipped into a neutral trend with no clear direction. The price is 7,359, slightly below the VWAP (20) of 7,550. Support is at 7,022, while resistance stands at 8,077. The RSI is 45, signalling a lack of clear momentum. Gold Gold remains bullish in an impulsive phase as the price hits new all-time-highs. The current price is 2,726, above the VWAP (20) of 2,659. Support is located at 2,595, and resistance is at 2,725. The RSI is at 73, indicating strong bullish momentum and a potential for overbought conditions. EUR/USD EUR/USD stays bearish in an impulsive phase that gathered steam over the past week but could be getting over extended. The price is currently 1.0835, below the VWAP (20) of 1.0962. Support is at 1.0771, while resistance stands at 1.1153. The RSI is 29, reflecting strong bearish momentum and an oversold market. GBP/USD GBP/USD is neutral having broken its uptrend but not made major downward progress either, consolidating at a price of 1.3001, slightly below the VWAP (20) of 1.3122. Support is at 1.2890, and resistance is at 1.3355. The RSI is 37, indicating weaker momentum and a potential for further downside. USD/JPY USD/JPY remains bullish in an impulsive phase. The current price is 150.21, over the big 150 threshold and well above the VWAP (20) of 147.83. Support is at 143.25, and resistance is at 152.41. The RSI is 64, reflecting strong bullish momentum.
SPREADEX:GDAXI
by Spreadex