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TOTAL Market Struggles at $2.13T Resistance: Key Levels to WatchMarket Update: Over the past week, the TOTAL market capitalization has attempted to break through a tough resistance level at $2.13 trillion. A rejection at this level may lead to a pullback, testing the next support level around $2 trillion. Potential Scenarios: Should the TOTAL market successfully break above $2.13 trillion, it could rise to challenge the descending resistance line formed since June, as well as the top of the range resistance at approximately $2.3 trillion. Given that the TOTAL market is currently at resistance, it is essential to manage risk carefully, as a rejection at this level could result in further downside for many altcoins. #CryptoMarket #TOTALMarket #ResistanceLevels #Altcoins #MarketAnalysis
CRYPTOCAP:TOTAL
by Richtv_official
XAUUSD (Gold) Price Analysis: Potential Downside Breakout📉 XAUUSD (Gold) Price Analysis: Rectangle Formation on D1 Timeframe, Potential Downside Breakout Gold (XAUUSD) is trading within a rectangle formation on the D1 timeframe , which typically signals consolidation before a significant price move. While the price remains range-bound, there’s a high probability of a downside breakout , with critical targets at $2,580 and $2,490 . Here's a detailed analysis of the setup: 🔲 What is a Rectangle Formation? A rectangle formation occurs when the price moves between two horizontal levels, creating a box-like pattern 📊. This shows a period of indecision in the market, where neither buyers nor sellers are in control. A breakout typically happens when the price moves decisively above or below the rectangle. 🔻 Downside Breakout Targets Gold breaking below the rectangle's lower boundary could signal a bearish trend continuation. Here are the critical downside targets to watch: 1. First Target – $2,580 : A downside breakout would likely drop the price to $2,580 , the first central support zone and a logical profit-taking area for short-sellers. 2. Second Target – $2,490 : Should bearish momentum persist, the next target would be $2,490 , a deeper support level where further selling pressure could ease. ⛔ Stop Loss – $2,702 A stop loss at $2,702 is recommended for those considering a short position. This level is just above the upper boundary of the rectangle and would invalidate the downside scenario if breached. 🚀 Upside Breakout Target If gold breaks out above the rectangle, bullish momentum could push prices toward $2,841 . This would signal a strong reversal, and traders should consider this level the next significant resistance zone. 🔍 Factors to Watch Several factors could influence the direction of the breakout: Inflation Data : Higher inflation tends to support gold prices as a hedge, increasing the likelihood of an upside breakout. US Dollar Strength : A stronger dollar could weigh on gold, favoring a downside breakout. Geopolitical Events : Uncertainty in global markets can boost safe-haven demand for gold, potentially triggering an upside move. 🛠 Trading Strategy For traders looking to capitalize on the potential breakout, consider the following: Downside Setup : If gold breaks below the rectangle, short positions with targets at $2,580 and $2,490 may offer solid risk/reward opportunities, with a stop loss at $2,702 . Upside Setup : In the case of an upside breakout, targeting $2,841 could provide a good opportunity but ensure that risk is managed carefully. 💡 Conclusion Gold’s rectangular formation in the D1 timeframe suggests a significant price move is on the horizon. While the likelihood of a downside breakout seems stronger, with targets at $2,580 and $2,490, traders should remain alert to the possibility of an upside breakout towards $2,841. Proper risk management, including a stop loss of $2,702, will be crucial in navigating this market opportunity. 🔔 Stay updated with real-time price action to make the most of this technical setup. Share your opinion in the comments.....
OANDA:XAUUSDShort
by amzadlak
NQ Could Potentially Purge Tuesdays's Lows? Price looks like it's heading towards Tuesday's Low. We don't have any major news today so I'm not expecting huge movement but, from what price has shown me, it looks like the next draw on liquidity is Tuesday's low. After price entered and respected the Weekly Imbalance, it displaced lower with energy and retraced back to the 4-hour order block that was responsible for that displacement leg. The first 4-hour order block was respected and price, again, pushed lower creating another 4-hour order block. Now, it looks like price is drawing towards that second 4-hour order block and if it respects that level, then I would like to see price run lower and take out Tuesday's Low. I am not a financial advisor. Trade at your own risk. I am only sharing my ideas and predictions of what price could do and I could be 100% wrong. Stay safe!
CME_MINI:NQZ2024Short
by INVYZNN
XAU/USD Demand Break Analysis and Strategic Sell ZonesWe perform a thorough study of the XAU/USD pair in this trade idea, concentrating on significant demand break levels. We will search for a sell opportunity with a target of 2622 if the market breaks below the demand level at 2638 and closes below it. This strategy enables us to efficiently manage risk and profit from negative momentum. On the other hand, we see a low-risk selling opportunity in the 2660–65 zone if the market continues higher. This tactical method is appropriate for both novice and seasoned traders since it blends technical research with obvious entry and exit locations. Important Points: Level of Demand: 2638 Sell Point: 2621 Resistance Range for Possible Sale: 2660–65 Risk management: Prioritizing opportunities with minimal risk
ICMARKETS:XAUUSDShort
by HouseofProfit
S&P bulls maintain control but no initiative yetLast week was characterized by controlled selling, with prices drifting down slowly as the market awaited the unemployment data released on Friday. As we can see on the daily chart, sellers were unable to close the day below the previous day's low, even after a significant sell-off on Tuesday. Once the unemployment data was published, alleviating concerns about a potential recession, the bulls regained control, and the week closed on a positive note. The next key objective for buyers is to break through the resistance around 574.7 . Given that this level has been retested multiple times, it's unlikely to hold. However, we still need to closely monitor the price's reaction to this level and observe what happens immediately after the breakout. The long-term outlook remains bullish. In the short term, there is still a high possibility that prices will continue consolidating within the 565–575 range , as the market remains influenced by political uncertainty in the U.S.
AMEX:SPY
by hermes_trisme
S&P sets new high but weakness is mountingLast week, the market traded within a narrow range, yet still managed to reach new highs. The bulls remain in control of both the daily and weekly timeframes, although I’m not entirely comfortable with the structure that has developed over the past five days. Most of the growth occurred during extended hours, while during regular trading hours, the market either remained in a tight range or moved downward. This structure is fragile and could easily break, though I’m not ready to call for shorts just yet. Firstly, it hasn’t broken. We're still in a bullish wave on the daily timeframe — in the past two weeks, none of the days have closed below the previous day's low. Secondly, even if the structure breaks, we should not expect significant follow-through, as the market remains very bullish. Here's a quick recap of the key points supporting the bullish thesis (you can find the rest in my previous review): 1. The Fed cut interest rates by 0.5 percentage points, which is positive for both the economy and the stock market for several reasons, such as cheaper borrowing costs. 2. The SPX has reached a new all-time high, which is highly bullish. 3. Both the weekly and daily charts show a strong uptrend. For the market to reverse, there would need to be a significant shift in sentiment, likely triggered by some fundamental event. From a technical standpoint, the uptrend remains intact as long as the bulls hold the previous major low ( 538 ). Until then, any "red" waves should be viewed as mere pullbacks within the broader upward movement.
AMEX:SPY
by hermes_trisme
From Breakout to Boom: The Future of Bitcoin and AltcoinsNow price created H&S with means the price can react to this situation and breaks the neckline and will go up. and also , the price can follow the butterfly pattern and go up. The cryptocurrency market is growing as expected, with the overall market value (covering Bitcoin, Ethereum, and altcoins) indicating a breakout. This development paves the way for a major upward trend in the coming months. ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
CRYPTOCAP:TOTALLong
by CobraVanguard
The S&P rally continues, defying all fears of a recessionLast week was marked by erratic price movements, leading many to recall the old adage, "no trade might be your best trade." The most confusing (and devastating) price action occurred on Thursday following the FOMC's interest rate decision. The Fed cut rates by 0.5 percentage points, sparking fears of an upcoming recession. Wednesday ended with a strong bearish "falling star" candle, tempting traders to take large SHORT positions. To be honest, I would have likely done the same if I had been trading that day (luckily, I wasn’t), as the least one would have expected was an overnight rally that wiped out short positions when the market opened on Thursday. This series of events is a perfect example of what makes trading so challenging— even a solid setup can fail spectacularly without any clear reason. Now, let's try to assess the current situation : 1. The Fed cut rates by 0.5 percentage points – This is actually positive for the economy and the stock market for many reasons (e.g. cheaper borrowing costs). At the same time there are no objective signs of a recession, only fears. 2. The SPX reached a new all-time high – How can this be bearish? 3. Both weekly and daily charts show a strong uptrend. 4. Almost all major SPX sectors closed the week strong, reflecting investor confidence. In summary, the market remains very bullish , with no indication that the trend is reversing anytime soon. Short term price action might be erratic, but long-term things look good both from technical and fundamental perspectives. Let’s stay calm and prudent. Important levels: Last major weekly high (538). As long as it holds buyers have control over weekly chart.
AMEX:SPYLong
by hermes_trisme
SPX $ Key Levels | Day Trading Stats 70%+ AccuracyNew price targets for Sep 26 using Statistics and Data to drive a 70%+ historical accuracy. Topics: - Upside Target - Downside Target - Support & Resistance - High of Day - Low Of Day - Session Stats - News Release Times Overall we use stats and data pulled from a wide array of TradingView indicators and scripts so that I can have as much data as possible - even if it's unstructured or uncorrelated data. I then use AI and SOP's to systematically calculate a weekly and daily framework. My predictions are never 100% but ALL of them are mathematically proven to be 70%+ accurate historically or I wouldn't use them. Most indicators I use on my Data Dashboard chart has the stats in their associated boxes that I show during the recording if you'd like to verify yourself. Please leave me feedback as I am new to creating content and would like to improve. Personally I use these targets in combination with ICT Concepts to trade. Nothing I say is Financial Advice - Previous performance does not guarantee future success.
CME_MINI:MESZ2024
by DIY_Trades
SPX Key $ Levels | 70%+ Accuracy! | WednesdayNew price targets for Sep 25 using Statistics and Data to drive a 70%+ historical accuracy. Topics: - Today's Targets Overall we use stats and data pulled from a wide array of TradingView indicators and scripts so that I can have as much data as possible - even if it's unstructured or uncorrelated data. I then use AI and SOP's to systematically calculate a weekly and daily framework. My predictions are never 100% but ALL of them are mathematically proven to be 70%+ accurate historically or I wouldn't use them. Most indicators I use on my Data Dashboard chart has the stats in their associated boxes that I show during the recording if you'd like to verify yourself. Please leave me feedback as I am new to creating content and would like to improve. Personally I use these targets in combination with ICT Concepts to trade. Nothing I say is Financial Advice - Previous performance does not guarantee future success.
CME_MINI:MESZ2024Long
by DIY_Trades
SPX Highest Probability Price Targets & Analysis | Sep 23 - 27new price targets for next week (Sep 23 - 27) using Statistics and Data to drive a 70%+ historical accuracy. Topics: - This week's Targets Overall we use stats and data pulled from a wide array of Tradingview indicators and scripts so that I can have as much data as possible - even if it's unstructured or uncorrelated data. I then use AI and SOP's to systematically calculate a weekly and daily framework. My predictions are never 100% but ALL of them are mathematically proven to be 70%+ accurate historically or I wouldn't use them. Most indicators I use on my Data Dashboard chart has the stats in their associated boxes that I show during the recording if you'd like to verify yourself. Please leave me feedback as I am new to creating content and would like to improve. Personally I use these targets in combination with ICT Concepts to trade. Nothing I say is Financial Advice - Previous performance does not guarantee future success.
CME_MINI:NQ1!Long
by DIY_Trades
USDJPY Analysis: Awaiting Market Confirmation Post Fed Rate CutHi Traders, Following yesterday's USD news, the Federal Reserve has reduced the interest rate by 0.25%. It seems the market has already absorbed this news, and our attention shifts back to the USDJPY pair. On Tuesday, my analysis showed a price break above the H4 structure. According to this structure, we can anticipate a continuation of the overall downtrend. However, predicting the exact point where the decline will begin is tricky. We'll need to carefully monitor price movements on smaller timeframes for more clarity. On the 1-hour (1Hr) chart, we're looking for either a new higher high (HH) or a slightly lower high (LH) to complete the current wave structure. Selling at this stage is premature. Instead, we’re looking to buy on the current swing of the 1Hr chart, waiting for a potential failure to make a new HH.
Long
by Charts247TradingAcademy
BTC Tests $61,000 Range Ahead of FOMC MeetingCurrent Market Activity: Bitcoin is currently testing the $61,000 top of its range support, a strong resistance level, just ahead of tonight’s FOMC meeting. Key Levels: Range High Support/Resistance: $61,000 Lower Range Support: $57,000–$58,000 Next Major Resistance: $64,000–$67,000 Reversal Zone: $66,000–$68,000 (Required for upside shift) Potential Outcomes: Unfavorable FOMC News: BTC could test the $57,000–$58,000 support. Favorable FOMC News: A break through $61,000 may lead BTC to the next resistance at $64,000–$67,000. Trend Analysis: BTC continues to form lower highs, indicating a broader downtrend. A break and reclaim of the $66,000–$68,000 zone would suggest a potential reversal, but caution is necessary due to the volatility expected around the FOMC meeting. #Bitcoin #BTC #FOMC #MarketAnalysis #SupportAndResistance #Crypto #Volatility #TechnicalAnalysis #PriceAction
by Richtv_official
Market Analysis Techniques for TradersMarket Analysis Techniques for Traders Navigating the financial markets demands a strong toolkit of analysis techniques. This comprehensive article introduces traders to key market analysis methods, ranging from fundamental and technical analysis to more specialised approaches like price action and quantitative methods. You can pair your learning with FXOpen’s free TickTrader platform to gain the deepest understanding of these techniques. There, you will find the price charts, drawing tools, and indicators necessary for many of these market analysis methods. Fundamental Analysis Fundamental analysis involves the scrutiny of economic indicators, company financials, and geopolitical factors to assess an asset's intrinsic value. Economic indicators like GDP, employment rates, and interest rates offer a macroeconomic view, while company financials such as earnings, debt ratios, and future projections are microeconomic factors. Fundamental analysts also pay close attention to geopolitical events, like elections or trade wars, which can shift market sentiment. The strength of this approach lies in its thorough, long-term outlook, making it particularly useful for investors in equities and commodities. However, it is time-consuming and often requires a deep understanding of economic theory. For example, Warren Buffet's value-based approach leans heavily on fundamental analysis, emphasising the importance of understanding the intrinsic value of stocks. Technical Analysis Technical analysis diverges from the fundamental approach by focusing solely on past and current price movements and trading volumes. Traders employ various indicators, such as moving averages, Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD), to predict future price behaviour. Trend lines and support and resistance levels further supplement these indicators, offering visual aids for decision-making. A famous case is Paul Tudor Jones, who successfully predicted the 1987 market crash using technical indicators. He compared the market’s top in 1987 with the previous peak of 1929 and found notable similarities, demonstrating the power of learning technical analysis. The advantage of technical analysis in trading is its applicability across different time frames, from intraday to multi-year trends. However, it can sometimes give false signals, known as "whipsaws," leading to potential losses. Price Action Analysis Price action analysis, while related to technical analysis, is a more focused method that relies on the interpretation of raw price movements instead of using additional indicators. Traders primarily use chart patterns like head and shoulders, double tops and bottoms, and candlestick patterns such as bullish or bearish engulfing to make trading decisions. Like technical analysis, support and resistance levels are also crucial here. One of the advantages of price action analysis is its simplicity: no need for dozens of indicators. On the flip side, it can be subjective and open to interpretation, making it less straightforward for some traders. Munehisa Homma, a 17th-century Japanese rice trader, is often cited as an early pioneer of price action analysis. Utilising candlestick charts, he achieved great success and laid the foundation for modern technical analysis. Quantitative Methods Quantitative analysis employs mathematical and statistical models to evaluate financial assets and markets. Algorithmic trading, a method that automatically executes trades based on pre-set criteria, is a prime example of the use of quantitative techniques. Traders also use backtesting to validate the effectiveness of a trading strategy by applying it to historical data. The quantitative approach offers the benefit of speed and precision, but it also carries risks such as model overfitting, where a strategy works well on past data but fails in real-time trading. One notable firm that has achieved exceptional success through quantitative methods is Renaissance Technologies, a hedge fund that’s achieved annual returns of 30%+ through its sophisticated mathematical models. Sentiment Analysis Sentiment analysis focuses on gauging market psychology by monitoring news, social media, and sentiment indicators. It seeks to understand how collective emotions are driving market trends. Methods for sentiment analysis include text mining of news articles and tweets, as well as tracking investor sentiment indexes like the Fear & Greed Index. While sentiment analysis offers a real-time pulse of market psychology, it is also prone to rapid changes, making it less reliable for long-term trading decisions. Notably, traders during the GameStop short squeeze phenomenon in early 2021 relied on sentiment analysis from online forums, turning what seemed like an undervalued stock into a trading frenzy. Intermarket Analysis Intermarket analysis extends the analytical lens to the relationships between different asset classes, such as equities, commodities, currencies, and bonds. By identifying these correlations, traders can gain insights into how a movement in one market could influence another. The advantage of intermarket analysis is its holistic view of market dynamics, but it also requires a strong grasp of global economics. For instance, in the chart above, we can see the price of crude oil with the price of Exxon Mobil (XOM) and BP (BP) overlaid. There is a strong correlation between crude oil’s trend and the trend of these companies’ share prices. Traders could evaluate the bullishness or bearishness of crude oil to set a bias for XOM and BP’s future direction. Seasonal Analysis Seasonal analysis examines recurring patterns in markets, often influenced by factors like weather, holidays, and fiscal calendars. For example, retail stocks often rise before the holiday shopping season, and energy commodities can be influenced by demand for transport fuel in summer and heating fuel in winter. Tools like seasonal charts help traders identify these trends. However, a major challenge lies in the changing dynamics of markets, which may render some seasonal patterns less reliable over time. Investors who had historically profited from buying stock in winter and selling in summer found this strategy less effective in recent years due to evolving market conditions. The Bottom Line In summary, a well-rounded understanding of diverse market analysis techniques is key to trading success. Whether focused on long-term investments or intraday trades, incorporating these methods can substantially enhance your trading strategy. For those ready to apply these insights in a live trading environment, opening an FXOpen account can serve as the next logical step in your trading journey. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
5
Nifty Short, Medium & Long Term : 16-Sep-24 to 20-Sep-24Nifty Short, Medium & Long Term : 16-Sep-24 to 20-Sep-24 Nifty closed at 25356 ( Last week 24855 ) and touched low & high of 24471-25429 ( all time high) Market touched new high last week , and nearing the Short term Resistance at 25545. RSI and stochastics levels moved up last week (63% and 87% respectively). MACD level and signal are at same level. Nifty 25356 Short term (Short term neutral, need to cross key resistance 25545) Nifty short term resistance 25545 as shown in chart. Support at 24480 (Fib Support) & 24650 (Trend line support and recent low). Medium Term next target is 25800 ( Fib Resistance)- If it crosses 25800, Medium Term is UP. if it moves above decisively next target is 26250. Medium term Support - 24000 Long Term : Nifty have a target of 27000 ( Fibonacci Resistance). If market close above 25540 decisively. Support at 22800 Post Indian Elections, reduction of interest rate by RBI is expected on a staggered manner till it reaches 5% ( in span of 2-3 years ) in line with US fed rate reduction expected in Sep 2024. US President Election result scheduled in Nov 24. Until then Market may correct if any global news upto19500 as there is strong multiple fib support in this range. Caution to be emphasized on Nifty as nifty PE is in high level with high valuation especially in Mid cap & Small Cap. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period as the valuation is high. Those with lesser risk can sell partial portfolio ( 20-30%) stocks which have less valuation and can wait for opportunity to buy when nifty dips upto 22800. Deploy stop loss of upto 7%-8% which is crucial. More Risky players can have stop loss of trend line resistance of 23750 as shown in the chart. Nifty bank 51938 (Last week 50582) - Index have target of 54000 in medium term and support at 49900 Stock Picking is needed at current scenario in Bank, auto, Pharma stocks. Based on the Q1 results, following stocks can be added to portfolio: ICICI Bank, HDFC Bank, Indian Bank & Punjab National Bank. Fundamentally good stocks can be added as it posted good results on every dip in finance stocks such as CAMS, UTI AMC , HDFC AMC, Manappuram Finance, suryoday small fin, Motilal Fin, Chola Finance, Dr Reddys, Natco Pharma, Cipla, JK Cements, Biocon, Persistent Sys, PI Ind, PNC Infra and Ashoka Buildcon. There is a possibility of dip to 21000-22000, hence please buy in parcels and every dip of Index and every dip of individual stocks (2-5% of portfolio on each purchase for long term) The above stocks mentioned are based on analysis of top line & Bottom line performance, hence based on the risk and portfolio mix one can add after analysis. Nifty IT 43394 (Last week 42234) indices dipped to 37848 in Jun month, bounced back and all time high last week. Recovery of US stock market and awaiting FED rate cute decision pushed the US stocks up and followed by Nifty IT Index.
NSE:NIFTYLong
by karthikss