NIFTY50.....Down means down! Hello Traders,
my long term forecasted target area comes into focus! Round about 1000 points lower and we will hit the target.
If so to come, at this point we can check out for a reversal at the chart! But; step after step!
I'am following the idea of a w-x-y wave to be established, and if so, we trading downwards within a wave 3 of 5 of x!
Waves 4 more often than not, end within the range of a wave 4 of one lower\/higher degree! So, it would be a good target range.
A first target is at or around the 22272 area for a wave 3 of 5 of x! From this range, a countertrend can\/should occurr within a wave 4 to the upside!
Traders who favouring the upside can trade above 23426 for more bullish potential.
As I wrote before; I do not favor this idea, 'cause we are in a clear downtrend!
Have a great time.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
Community ideas
BTCUSD Set To Grow! BUY!
My dear followers,
This is my opinion on the BTCUSD next move:
The asset is approaching an important pivot point 10437
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 10510
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
Buy or Sell? Read the caption. I told you...Hello guys
We came with NAS100 analysis.
Due to the heavy selling that has happened now, we need to maintain the defined twin bottom range to maintain the upward trend.
Otherwise, the drop will continue up to the specified limits.
Now, if the price is supported, you can see its growth up to the specified areas.
*Trade safely with us*
NZDCAD Is Going Down! Short!
Take a look at our analysis for NZDCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.819.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.809 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
BTC on daily timeframe
"Concerning BTC, the price is currently experiencing a strong bullish momentum. However, as evidenced on the TOTAL chart, there are indications of a potential correction. In my view, if the price surpasses a critical decision level convincingly and forms a bearish (FVG) pattern, a sell position could be a prudent choice with low risk."
If you have any specific questions or need further assistance with your text, feel free to ask!
#BTCUSD ABOUT TO FLY SOON Hello Everyone here is my #BTCUSD Analysis 🔥🔥
Today on 23th January 2025 #BTCUSD Running at $101500
And My Analysis is #Bullish & My Targets are
📈 1) $104000
📈 2) $107000
📈 3) $108000
📈 4) $109800
It might retest the support area before hitting the targets but is expected to remain #Bullish 📈
📈Bullish Continuation: Stabilization above $ $104000 will support our bullish targets till resistance zone $108000 to $109800 & crossing the resistance zone of $109800 & could lead to ( Target3/ 111000) Zone in extension of $113000 to $115000 Long Term Target
📉Bearish Trigger: If BTC drops below $99000 it may shift into a bearish trend targeting $97300
📊Key Levels
📊Trend: Bullish
📈Buy Target $104000–$107000_1090800_111000
Long term 113000 / 115000
📉Support : 99000 / 97300
Best of luck Everyone 👍
Trade wisely and stay Connected
Please Like Follow & Support Me If you Like My Analysis. thanks 🙏
TATA ELXSI LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
GBPJPY in doubt due to BOJ rate meeting GBPJPY after a false breakdown confirms the strong level of 190.67 and tries to strengthen within the upward price channel from D1.
The price is at a rather important resistance that could open the way to 200.00, but the situation is strained by the expectation of Friday's rate news from the central bank of Japan.
A rate cut could strengthen the JPY, but remarkably, the chart hints at a possible upside attempt.
Scenario:
A correction could form from the level to 0.5 fibo, zones of interest or to the rising support line.
The bulls are interested in the GBPJPY growth continuation on the background of the pound strengthening due to the dollar correction, thus it can be assumed that the growth will continue after the correction.
The scenario will be broken if the price breaks the ascending support line on the news background
Why Blind Index Investing Could Be Costing You Thousands?!Index-based investing has been one of the most popular ways to grow a long-term portfolio for decades. Today, it has become even more accessible and favored, offering a safer foundation for investing and generally carrying lower risk compared to portfolios composed of individual stocks. For someone like me, a technical analyst, index investing isn't exactly an adrenaline rush. Under societal pressure, I decided to test a few hacks and dive deeper into it ;)
I set out to compare three of the most popular U.S. index ETFs – SPY (S&P 500), QQQ (Nasdaq 100), and IWM (Russell 2000) – and analyze how to implement a brief technical analysis into index selection could influence long-term results. Starting in 2005, I "invested" $1,000 every quarter, completing a total of 81 test purchases. Each time, I selected the index that technical analysis suggested was in the strongest position.
If done strictly and consistently, there were often situations where all three indices had just reached their all-time highs. In those moments, I had to make a choice. Technical analysis is not just about drawing lines on a chart – experience, market intuition, and behavioral patterns of the price play a big role here.
My Test and Strategy
The goal was to compare the following three U.S. index ETFs:
- SPY (S&P 500)
- QQQ (Nasdaq 100)
- IWM (Russell 2000)
Test conditions:
- Start date: 2005
- Investment period: 81 quarters
- Mandatory quarterly investment: $1,000
- Index selection: Based on technical analysis and market intuition.
Distribution of trades during the test period:
- SPY: 35 times
- QQQ: 31 times
- IWM: 15 times
The chart illustrates SPY, QQQ, and Russell with blue arrows marking purchase points.
Results of the Experiment
Performance of my strategy:
- +344% return
- Invested: $81,000
- Final value: $360,000
Comparison indices (each quarter regular purchases):
- SPY: +233% (final value: $272,000)
- QQQ: +579% (final value: $552,000)
- IWM: +128% (final value: $186,000)
My strategy outperformed SPY and IWM because I focused on selecting the ETFs in the strongest technical condition at the time. While QQQ delivered higher absolute returns, my diversified approach offered competitive returns with lower risk and more stable outcomes.
Key Takeaways
1. Diversity and Stability: Risk Mitigation and Return Optimization
The goal wasn't just maximum returns but also reducing risk and adopting a smarter approach. While QQQ had the highest returns, remember that it is heavily concentrated in the technology sector, making it riskier. Back in 2005, it wouldn't have been easy to predict that QQQ would outperform. A technical analysis strategy allows for risk diversification by choosing the strongest index at any given time, delivering significant returns while maintaining diversity and stability.
2. Thoughtful Regularity Outperforms Blind Regularity
Strict quarterly investing avoids the biggest mistake investors fear – timing the market. Regularity is crucial, but it needs to be thoughtful. The tests showed that blind purchasing could be costly: for instance, regular SPY purchases would have left $100,000 on the table, and IWM even more. My strategy allowed selecting the strongest index at each point, yielding significantly better returns.
3. Wrong Index Choice Can Be Costly
Had I chosen only IWM throughout the period, my return would have been just +128%. This clearly shows the importance of not sticking to one index but instead evaluating regularly to find the one with the greatest potential at any given time.
How to Choose the Best Index: Follow my Newsletter to Guide You
One of many of the topics of this newsletter (You will find it here, in the profile section, visiting my "website") will be sharing my monthly and quarterly top lists of indices, making regular purchases easier for you. The test proved that sticking to one index isn’t the best way forward – but which one should you choose? That’s where the monthly top list comes in.
I firmly believe this strategy and approach have significant potential to help investors make smarter and more confident decisions. That’s why I’m starting a newsletter, where one of the many topics will be sharing this list regularly:
- The technically strongest indices for investing.
- Explanations of why a particular index is technically more attractive than others.
Conclusion
My research proves that technical analysis and understanding of charts can be powerful tools for long-term index investing. Regularity, fact-based decisions, and risk diversification help achieve optimal results.
Your portfolio deserves better decisions. Don’t waste time analyzing indices yourself.
All the best,
Vaido
The gap was closed Some colleagues say that based on the 4H chart, we will have a correction to the 5970 area. Based on the support from the accumulated volume, which is more important, this is the 6070 area. But I ask what is the basis/fundamental of this correction and why now?
I do not see any reason for this. Moreover, at the close of the session yesterday there were strong purchases, probably an entry, as well as even at the close of the market. 1H support was not broken, and at the end we even returned above 5 and 15 min ones. The gap was closed and I do not see signals for such a correction. Please share your opinion?