DAX H4 | Bearish momentum to extendThe DAX (GER30) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 18,182.57 which is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 18,460.00 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 17,791.00 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Indices
Russell 2000 H4 | Overhead pressures remainThe Russell 2000 (US2000) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 2,054.82 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 2,110.00 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 1,993.79 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
PERFECT Sell opportunity for HK50 - High Reward Low RiskHere is a perfect SELL opportunity for the HK50... You can see the market has not broken pass the trend line to the upside for over ONE YEAR!
The other support trend line has been broken which indicates that the market will continue to head towards the downside...
The current price also rebounded off the 61.8 fibonacci level which is a huge sign that the HK50 will head downwards!
S&P 500 Daily Chart Analysis For Week of April 12, 2024Technical Analysis and Outlook:
The Spooz continue to experience a severe drop in this week's trading session, hitting our two Mae Sup levels: 5150 and 5120, respectively. The current price action indicates that the market will pursue an upside movement to target our Mean Res 5208 and beyond. On the downside, Spooz may continue on a downward spiral to the Mean Support level of 5070 and Outer Index Dip at 5045, which is expected to act as a launching point to reignite its bullish trend.
Capitalizing on Correlation: Selling US30 with USD on the RiseTraders,
In today's trading session, our attention is drawn to US30, where we're closely watching for a potential selling opportunity around the 38800 zone. US30 is currently navigating a downtrend, with a correction phase underway as it nears the critical support and resistance area at 38800.
Adding depth to our analysis, it's crucial to consider the broader economic backdrop. Recent data releases, including the Consumer Price Index (CPI) and Non-Farm Payrolls (NFP), have underscored the strength of the US dollar. This robust economic performance has bolstered the USD's position, creating headwinds for US30.
Moreover, it's essential to acknowledge the negative correlation between the US dollar and US30. When the US dollar strengthens, it typically exerts downward pressure on US30 and other equities. This negative correlation arises from various factors, including changes in interest rates, capital flows, and investor sentiment.
As the US dollar gains strength, investors may shift their focus towards dollar-denominated assets, leading to capital outflows from equities like US30. Consequently, a strong dollar can weigh on US30's performance, exacerbating its downtrend and potentially presenting selling opportunities for traders.
Therefore, as we monitor US30 for a selling opportunity around the 38800 zone, it's essential to remain cognizant of the interplay between the US dollar's strength and US30's performance.
Trade cautiously,
Joe.
US500 is under the pressure of a strong dollarHey Traders, in the coming week we are monitoring US500 for a selling opportunity around 5200 zone, US500 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 5200 support and resistance area.
We would also like to consider the current bullish momentum on the dollar, due to the negative correlation a strong dollar usually put pressure on indices like S&P500.
Trade safe, Joe.
NAS ShortBased off Sci's ICC trading concept. Indication - Correction - Continuation
NAS created a new low below 17900 (Indication), then corrected to 18360, which created lower low. With price failing to make a new high/ break the previous highs, sells were possible below 18175 (Continuation) to the low that was created.
Will monitor price in the new week and consider sells below 18020 to the last low, which should be about 130 points.
CATASTROPHIC MARKET CRASH - Looks to be COMING VERY SOON!The fractal pattern on the charts is nearly identical, and after the crash we saw today in the crypto markets, this could be a precursor of what's about to happen in the Equities, and Futures Markets.
I would be very cautious right now!
I'm completely out of the market, with the exception of long-term crypto holdings.
Good luck, and run a tight stop-loss!
Bearish Channel IdentifiedThe DAX (DE40) is trading within a bearish channel and is rising towards the pivot which has been identified as a pullback resistance. Could this index stall around this level before potentially reversing to resume the downtrend?
Pivot: 18,203.60
1st Support: 17,888.30
1st Resistance: 18,422.50
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
SPX500 H4 | Pullback support at 50% Fibonacci retracementSPX500 could fall towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 5,111.36 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 5,050.00 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 5,229.13 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
The trend of higher peaks and troughs is brokenThe VIX’s structure with higher peaks and troughs became distorted after the FOMC meeting. Despite this being a positive development for the markets, it might be proper to stay attentive to the VIX for a couple more days to watch out for any potential rekindling of volatility.
Illustration 1.01
Illustration 1.01 shows the daily chart of VIX. The yellow arrow indicates a breakout below the lower bound of the broadening structure.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
Dow Jones(US30):🔴Possible scenarios🔴(Details on caption)
Well, as you can see Dow Jones in the daily chart swept the liquidity and created a new all-time high, then had a bearish reaction and shiffed the market structure as well.
after that, the price had a retracement from a bullish FVG to a bearish breaker block and continued to the sell side.
For now, there are two different bearish scenarios which I follow the first one.
First scenario: The price created the buy side liquidity below the balance price range in the premium. We all know it is a high-probability scenario that can push the price lower. So in this scenario, we wait to move higher, grab the buy side liquidity, and look for a sell position inside the BPR on a lower time frame.
Second scenario: If the price is strongly bearish we can expect the price to move to sell-side liquidity from inversion which has already tapped in.
💡Wait for the update!
🗓️07/04/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
NDQ100 (Nasdaq) Price Breakdown Pre-CPI
Today's focus: Nasdaq
Pattern – Range
Support – 17,832
Resistance – 18,355
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the Nasdaq daily.
Price remains range-bound. Do traders feel today's CPI will be bearish or bullish?
Yesterday, buyers showed some strength, stopping a bear move and reversing losses. Could good news on the CPI and minutes front maintain buyer control?
We have run over the primary levels and are currently holding the price. Depending on what we see from the CPI, could we see a new break that is lower or higher? Traders also have to be aware of false breakouts.
Good trading.
Overlap resistance at 61.8% Fibonacci retracementDJIA (US30) could rise towards the pivot which has been identified as an overlap resistance. Could this index stall around this level before potentially reversing to drow lower towards the 1st support?
Pivot: 39,042.57
1st Support: 38,560.25
1st Resistance: 39,412.72
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NAS100 Long 05.04.2024
In my recent NAS100 analysis, my bias remains bullish. Despite a slight upward movement followed by a significant drop, I'm still adhering to the overall bullish trend. We're currently at a low point where we're likely to witness bullish price action. NAS100 still has liquidity above, so I'm not anticipating bearish pressure, but time will tell.
Aggressive entry module specific daily vwap
NAS100 Scale in pos.08.04.2024
Check my last Nas100 post. Scale in position.
Despite a slight upward movement followed by a significant drop, I'm still adhering to the overall bullish trend. We're currently at a low point where we're likely to witness bullish price action. NAS100 still has liquidity above, so I'm not anticipating bearish pressure, but time will tell.
scale in pos. on aggressive entry module
Where my 40k NKD target came from & why it could go higher laterI've been giving warnings ever since the c0v1d black swan, and especially since the 25k re-test, that Nikkei will grow wings but here's a seeing-is-believing look at where my 40k target comes from
For sure it could go higher later and break this key resistance but I would expect at least one more re-test of the navy blue channel beforehand
In theory there's no reason why a solid year can't be spent consolidating under that resistance a la 2006
Some very notable calls in recent years:
SPREADEX:NIKKEI and TVC:DJI both to 40k (over 1y in advance)
CRYPTOCAP:BTC pico bottom at 15k and recent local top at 70k
FX:EURUSD pico bottom & TVC:DXY pico top at 115
TVC:USOIL pico bottom at 68
NASDAQ:SMCI mega breakout at 100
NASDAQ:NVDA mega support at 120
NASDAQ:TSLA pico bottom at 105
NASDAQ:NFLX pico bottom at 165
US30 H8 - Sell SignalUS30 H8
A strong open for the USD so far to lead into this trading week ahead, US stocks see a heavy move south during the eastern session and early EUR/LON. Pulling south as much as 215 points so far following the upside market gap.
I would love to see price retest that 39,000 whole number sell zone during the volatility of the US stock market open, that would no doubt be our sell zone, to then target price 38,000.
Dowjones under the pressure of a strong Dollar.As we prepare for tomorrow's trading session, our attention is directed towards US30, with a potential selling opportunity emerging around the 39100 zone. Currently, US30 is tracing a downtrend but undergoing a correction phase, drawing near the critical support and resistance area at 39100.
Augmenting our analysis with a fundamental perspective, the last Non-Farm Payrolls (NFP) report showcased notable strength, expected to bolster the US Dollar's position. Furthermore, looming on the horizon is the highly anticipated Consumer Price Index (CPI) event scheduled for this Wednesday. This economic indicator carries significant weight as it could provide additional validation for the Federal Reserve's forthcoming actions, potentially reinforcing the dollar's ascent.
Notably, a strengthening dollar often translates into bearish sentiment for stocks due to their inherent inverse correlation. This interplay between currency strength and stock market dynamics adds an intriguing layer to our analysis, informing our trading strategy for US30.
As astute traders, it's imperative to factor in both technical and fundamental aspects when navigating the markets. By leveraging these insights, we aim to seize the opportunities that tomorrow's trading session presents.
Stay vigilant and trade wisely!
Joe
Approaching pullback supportDAX (DE40) is falling towards the pivot which has been identified as a pullback support. Could it potentially bounce off this pivot and rise toward the 1st resistance?
Pivot: 17,918.70
Support: 17,043.92
Resistance: 18,768.85
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
S&P500; Into the Void Pt.2A follow up on my previous idea:
The price of S&P500 failed to reach the top of the current range, meaning it is not prepared to fill the void yet. I anticipate another reach to the bottom of the range, the same FVG, but this time also finding the equilibrium of the Swing High and Swing Low that I indicated.
Take Profits remain the same: At the top of the void and at the top of the current range
S&P500; Into the VoidAfter the big selloff on Thursday - the day before NFP - S&P500 left a liquidity void that must be filled. NFP helped it get out of that bottom range leaving clean lows, a future price target for sellers.
It has created a small range which we are currently in, coming off of a fair value gap at equilibrium (50% Fib).
The price targets for long positions are at the top of the current range, and at the top of the liquidity void respectively. There should be a retracement after TP1 is hit, before eventually continuing upwards towards TP2.