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US500, NASDAQ at KEY level The price is currently at a key level, testing both support and the trendline. 1. Bearish Scenario (Breakdown): - If the price breaks below the support level, it may indicate the beginning of an ABC correction in the Elliott Wave pattern. - Action: Open a SHORT position with a smaller lot size. - If the price then retests the broken support (now acting as resistance), you should open another SHORT position with a larger lot size. - Target Levels: The price could initially drop to 5300 and potentially further to 4930. 2. Bullish Scenario (Support Holds): - If the support holds and you observe bullish price action (e.g., long needles at the bottom of the candles), open a LONG position. - Action: If the price forms a higher high and a higher low, or breaks above the resistance at 5560 and retests it, you can add to your LONG position. Fundamental: Recently, a technology crisis impacted Microsoft and several other companies' stocks. However, it appears that they have managed the situation effectively, suggesting a potential price increase. Despite this, the Volatility Index (VIX) keeps increasing, indicating persistent fear among investors. As a result, there is an equal 50/50 chance of prices moving either up or down.
PEPPERSTONE:US500
by tselmegFOREX
US500 - Decision Zone!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. US500 has been overall bullish trading within the rising channel marked in red. This week, US500 is in a correction phase and it is currently retesting the lower red trendline. 📈As long as the last low marked in red holds, we expect a bullish continuation. 📉 In parallel, if the last low in red is broken downward, a deeper correction towards the lower orange trendline and zone would be expected. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
CAPITALCOM:US500
by TheSignalyst
1
Bearish reversal?US Dollar Index (DXY) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support. Pivot: 104.51 1st Support: 104.03 1st Resistance: 104.80 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.
TVC:DXYShort
by ICmarkets
Last Time This Happened, Bitcoin Rose Over 60%In a previous post about the weekly chart, I touched upon how we were headed toward 50 on the RSI. From there, it had the potential to range between 50 and 45 (within that yellow box), and it looks like we hit the 49 mark and then pivoted. The trend reversal happened once RSI was within fair-market value since it indicates over-bought and over-sold activity. The stochastic RSI bottomed and crossed upward, meaning we have momentum back in the market. The big question now is, how much will price action be impacted by an upward cross in RSI? We can see the possibility of the upward cross coming soon. This is definitely something we want to keep our eyes on in the coming weeks - especially since we are just coming out of a stochastic RSI bottom with momentum coming back into the market. For craps and giggles, the last time we had an upward cross in RSI on the weekly chart after bouncing back from around 51.75 (aka fair-market value), Bitcoin's price rose 61.5%, from $30,364 to $49,048 (at an RSI of around 86). I'm using that as the primary example as the last upward cross we had was from an RSI of around 80, however Bitcoin still went on a tear, rising almost 52% from $48,601 to $73,794 (where RSI peaked at 92). It was the tail end of October 2023 when Bitcoin's price took off once the RSI crossed around the 51.75 mark (aka fair-market value - see why this is important?), and peaked in March 2024, ultimately rising 143%. To say it may be an interesting couple of weeks to months with the potential price action is an understatement.
BITSTAMP:BTCUSD
by MicheLee
NYSE Composite - Price Action Consolidated In A Triangle Pattern(1) The price was in an upward trend before reaching the 17,500 level. (2) Following that, the price began to decrease, experiencing a drop of nearly 21%. (3) After finding support near the 13,300 level, the price rose and broke through the neckline of the Inverted Head & Shoulder pattern. (4) Subsequently, the price increased and is currently consolidating within a triangle pattern. (5) If the price successfully breaks out, the potential resistance level will be around 19,650.
NYSE:NYA
by NaranjCapital
Nikkei-Watching levelsTradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Will watch levels 41,000 which is about now at 40500 area. bias still on upside but not till i see some change it this near term down move..shall monitor... Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
ICMARKETS:JP225
by Shadowing_The_Big_Boys
NIKKEI RISKY LONG| ✅NIKKEI is the main japanese Stock Index and is has been Following the Yen in the opposite Direction. The weaker the Yen The stronger the Index, so now Following a sharp correction on The Yen we are seeing a correction On Nikkei as well, but we are Bullish biased mid-terma and As the index is about to retest The significant horizontal support Level of 41,000 we will be Expecting a local bullish rebound LONG🚀 ✅Like and subscribe to never miss a new idea!✅
TVC:NI225Long
by ProSignalsFx
1
Nasdaq 100 Remains in Record Territory As with the S&P 500, the Nasdaq 100 continues to rally day after day with nary a meaningful dip since April. While the 14-day RSI isn't at it's most overbought level this year, it is showing a potential bearish divergence at the recent highs, where price makes a higher high and the momentum indicator makes a lower high (so far). Index traders will be watching this divergence carefully to see whether it hints at a more significant top forming in the coming days. If we do see a near-term dip, the rising trend line and previous-resistance-turned-support at 20,000 will be the key support levels to watch. -MW
FOREXCOM:NAS100
by FOREXcom
S&P 500 Overbought - Will We See a Dip?The S&P 500 continues its relentless uptrend as we start the second half of the year, but it is notable that the 14-day RSI indicator is at its highest level since 2023. While not a sign of an imminent pullback in and of itself, it does suggest that the short-term risks are tilting to the downside ahead of Fed Chairman Powell's Humphrey-Hawkins Testimony and the US CPI report later this week. If we do see a near-term dip, the rising trend line and previous-resistance-turned-support at 5500 will be the key support levels to watch. -MW
FOREXCOM:SPX500
by FOREXcom
DXY H8 - Bullish Signal DXY H8 Not a huge amount of movement during the trading sessions yesterday to start the week. We have seen some big, big moves across the likes of XAUUSD and US30, but not much in the FX space. Really hoping to see something pick up off this 105.000 support region. We have drawn this horizontal black line to highlight this 105.000 handle, and what we would like to see to warrant bullish continuations. The bearish play was instigated last week from the US cluster data, I think this week we shake it off and continue upside towards that 106.500 price.
TVC:DXYLong
by Trade_Simple_FX