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S&P500: Time to turn back 🔄For the S&P 500, we are primarily assuming that the sideways phase will initially resolve itself to the downside. In the further sequence, the correction should continue into the magenta Target Zone (coordinates: 4540 - 4300 points). Within this zone we then locate the low of the turquoise wave (ii), which should mark a change of direction. In the context of our alternative scenario, on the other hand, we still consider it 25% likely that the wave Alt.(i) in turquoise will make another new high above the aforementioned 4997-point mark. Either way, however, we expect a setback afterwards, which should offer the opportunity to enter long positions.
CME_MINI:ES1!
by MarketIntel
AUDNZD → Trade Analysis | Bullish opportunityHello Traders, here is the full analysis. Price reversal going up levels for BUY . GOOD LUCK! Great BUY opportunity AUDNZD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Long
by TheGrove
1
Shanghai Comp SHCOMP ~ Bearish H&S Update (Feb 2024)SSE:000001 chart mapping/analysis. Been a while since I've published any charts on TradingView - process is a pain in the a$$ tbh & procrastination crept in while lacking TA-edge on markets + other commitments.. That said, noticed Shanghai Comp chart still notching views given current environment so thought I'd give an update. Initial TA thesis hasn't changed - bearish H&S identified in Dec 2023 completed & still in play, despite PBOC desperately throwing everything to keep their market afloat (don't fight the trend). Chart notes: Cleaned up clutter from previous chart Added descending parallel channel for potential bounce play off lower trend-line Labelled 50/200 EMA death cross to signify bear market trend (weekly chart) Break below ~2666 = further capitulation Break above ~2924 (R1) = bullish trend reversal Stay tuned whether I get back on TradingView horse & update older charts or publish new ones, cheers.
SSE:000001Short
by BlueHatInvestor
Dow: Heading South 👇We continue to locate the Dow stock in the bearish wave (Z) in magenta and expect the price to fall back to our dark green Target Zone on the south side (coordinates: $46.66 - $42.79). Traders could place a stop for long positions 1% below the lower edge of the Target Zone, or in this case 1% below the support level at $42.79. However, it should be noted that our alternative scenario has a 40% probability and would see break above the resistance level at $57.74. Wave alt. (B) in dark green would have already been completed in this scenario.
NYSE:DOWLong
by MarketIntel
AUDUSD Head & Shoulders PatternHi Traders! A head-and-shoulders pattern is forming on the AUDUSD 1D chart. Here are the details: The market has found strong support at the 0.65255 level, which is the neckline. The right shoulder is currently forming, and we expect some consolidation around this level before a possible break and close below the neckline. The plan here is to monitor both the neckline and right shoulder and wait for a confirmation signal before entry. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 0.66048 Support: 0.65255 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
5
GBPUSD Outlook 05 Feb 2024 Asia Session PEPPERSTONE:GBPUSD GU price is massive down due to DXY Bullish new last Friday. Now GU is consolidation 1.26112 to 1.26450 Level. That is very good sign to again gain momentum in next week. Based on my Analysis BS: 1.26451 Level After Retest SL: 1.26113 TP: 1.26728 TP2:1.27019 Disclaimer: Please be aware that this information is not provided as financial advice. It is crucial to conduct your research and due diligence before making any trading decisions. Financial markets can be highly volatile and involve risks, and the information provided here is for informational purposes only.
by ChartsInsights
AMAZON Daily, Weekly & Monthly analysis, Bullish OutlookAMZN price is forming a Bullish Head & Shoulder pattern. and RSI also made a break of the descending trendline If we look at weekly chart, price is moving in an ascending channel moving upwards, and price is also above support If we look at Monthly time-frame, price broke above trendline and is moving upwards Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
NASDAQ:AMZNLong
by Stargazer_fx
3
USDJPY The Dollar Looks UnstoppableHi Traders! USDJPY looks to be targeting the 150.000 psychological level long-term, as the US dollar currently looks unstoppable. The market is also about to break its bull flag formation. Here are the details: After consolidation in the bull flag pattern, we have now had huge bullish momentum, and the next target is the current yearly high at 148.808. The fundamental news also supports our bullish view. Earlier today, the NFP announcement came in at a staggering 353K, which was surprising and much better than the expected forecast of 187K. Traders will read this as massive strength for the US dollar. We are now looking for a break and a close above the yearly high at 148.808. Preferred Direction: Buy Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
Adobe: Knock Knock ✊Since the low on January 5, the ADBE stock have rallied and is currently attempting to break through resistance at $635.05. We expect the price to clearly surpass this level as part of the magenta-colored five-part wave, which will provide further upward momentum At the end of the movement is the high of the higher wave (C) in green. However, please also note our 33% probable alternative, which is the low of the magenta-colored wave alt. (2) would initially shift slightly lower.
NASDAQ:ADBELong
by MarketIntel
GBPUSD Pressure Mounting On the Pound Hi Traders! A symmetrical triangle has formed on the GBPUSD 1D chart, and we could have a breakout soon as pressure is quickly mounting on the pound. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bearish due to the market swings; the lows and highs are starting to get lower, and additionally, the market has broken and closed above the 20 EMA. The fundamental news also supports our bearish view. Earlier today, the MPC Official Bank Rate Votes came out at 2-1-6 which was surprising and worse than expected. Traders will read this as uncertainty for the pound while the dollar continues to strengthen. As long as the market is still below the 20 EMA, our view will remain bearish. We expect some more consolidation before a possible third attempt at the trendline resistance. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.27508 Support: 1.25965 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
Cloudflare: Downhill 🏂In the chart of Cloudflare, the last high should have set the top of the orange-colored wave b, which we count as a sub-wave of the larger (ii) in blue. Accordingly, we expect another setback to below the support at $75.50, where the reversal should finally be initiated in the blue Target Zone (coordinates: $67.96 - $57.11). Prices within this range can be used to enter long positions. Only a significant breach of the resistance at $86.91 would convince us that the price will rise imminently with wave alt. (i) in blue. This option is 33% likely.
NYSE:NETShort
by MarketIntel
1