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US30: Price levels and pattern analysis post-FMOCToday's focus: US30 Pattern – Ascending Triangle, low rejection, Resistance Possible targets – 35,260 - 33,255 Support – 33,790 Resistance – 34,310 Today we have looked at the US30 after this morning’s FOMC. The Fed held rates but commented that we could see two more rises this year. With price bouncing back after testing lower, could we see a new shot at resistance, or will we see sellers make a new test lower, breaking the current uptrend? If the trend is broken, could this set up a new move back to test the long-term pattern base? On the other side, could buyers make a new move to test or break key resistance? With rate raises back on the agenda will this maintain the current key resistance and hold price in its overall pattern? Good trading.
EIGHTCAP:US30
by Eightcap
DAX potential pull-back.DAX had an excellent run since our buy signal (see chart below) more than two months ago (March 21) but after it broke above the former All Time High (ATH) on May 19, it has formed a top and is pulling back: As long as the price is closing the 1D candle above the 1D MA50 (blue trend-line), it will be a buy opportunity targeting the top of the (dotted) Channel Up at 16600. If however it breaks below the 1D MA100 (green trend-line) we will quick sell towards the Channel's bottom at 15350 and add a new buy there. In either case, the target remains intact at 16600. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
D
by TradingShot
3
S&P500 Rising Wedge's short-term pull-back to the 1D MA50The S&P500 index (SPX) gave us the expected pull-back and buy entry within the Rising Wedge as per our last week analysis (chart below): The long-term structure is a Channel Up, so plan your trades in case of a Rising Wedge break-out. On the short-term, we expect the price to pull-back to the 1D MA50 (blue trend-line) and the bottom of the Rising Wedge at 4140. As long as the pattern holds, buy and target the top at 4250. If the top of the Wedge breaks, target 4295m just shy off the long-term Resistance of 4327 (August 15 2022 High). We will sell on the medium-term only if the price breaks below Support Zone 1 and target the 1D MA200 (orange trend-line), above Support Zone 2 and at the bottom of the long-term Channel Up. The 1D RSI Triangle pattern can give an early signal with regards to the direction in case of a break-out. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
U
by TradingShot
7
NIFTY poised to test its All Time High this week.The Nifty 50 Index (NIFTY) is extending the long-term Channel Up pattern that started after the March 20 2023 Low, when the 16750 Support held. The 4H MA50 (blue trend-line) is supporting for exactly 2 months and this week the technical Higher High and test of the 18890 Resistance (which is the All Time High) should be materialized. As you see, the similarities between the current Channel Up and that of October - November 2022 as strong. It appears that the price is at the final stage (curve pattern), before the final rally. The 4H RSI break-out above the Lower Highs is another strong resemblance. This trend is invalidated if the price breaks below the 4H MA200 (target the 4H MA200 (orange trend-line). Our target is 18800 for safety, slightly below the Resistance just like the March 20 2023 Low was slightly above the Support. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NSE:NIFTYLong
by TradingShot
1
How to Day Trade or Swing Trade S&P500 Part 2Hey Traders, So this is part 2 of the previous strategy I talked about with the stock indexes. I used to trade the Forex, Commodities, Crypto and other markets. But in my opinion these stock indexes are the best markets of the all to trade because they move daily with strong volume and give you multiple trading opportunites. So lets look at now how we can truly fine tune this strategy and turn it into a great method. In the future I believe I will only focus on trading the stock indexes S&P500, Nasdaq 100 and Russell 2000. Enjoy! Trade Well, Clifford
CME_MINI:ESM2023Education
by TradeTheIndex
4
US30 starting to stall at resistance. Hi traders, this is just a general observation, not a trade idea. Tonight we noticed that the US30 has started to fade at a previous level of resistance. With the Core PCE to come, could an expected jump to the upside add to the small seller momentum we are starting to see? This week we have seen some decent buying so far, but could today’s action be a small hint at profit-taking starting to come in? If we see new buyer demand appear and price makes a new high today, then this idea could be canceled. If we do see a pullback today and it remains at or above the trendline and moving average, this could set up a possible buy idea next week if buyer momentum continues. Have a great weekend and good trading.
EIGHTCAP:US30Short
by Eightcap
EUROSTOXX has incredible upside potential.An often overlooked index, the EURSTOXX has been on a rising 1W MA50 (blue trend-line) since late January. This is a major Bull rally continuation signal as it matches the pattern of four prior uptrends of the past 10 years. The 1W RSI has turned neutral and during Bull Cycles, this is always a strong signal to enter. We are expecting a peak on this rally close to the 1.618 Fibonacci extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ELong
by TradingShot
4
NASDAQ: Replicating the January bottom. Long term target at 13,4Nasdaq followed our short term trading plan to perfection and hit both our targets (see bottom chart). Now with the 1D time frame on neutral technicals (RSI = 51.600, MACD = 59.860, ADX = 20.760) but the RSI on a HL trend line, this draws comparison with the January bottom formation. The 1D Golden Cross that will be completed tomorrow and will be the first since May 2020, can signal the start of a rally similar to January's that topped on the 1.5 Fibonacci extension. Based on that we are long and have a TP at 13,400. Previous post: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
4
DAX respecting the 4hour MA200DAX is staging a rebound coming close to the 4hour MA50 yesterday (has been untouched since January 4th). This is the normal technical reaction we expected on such an important Support Cluster (as the dotted line from the October 2nd bottom was also there) and was a short-term buy. Maintain a tight SL though as a cross under it renders the price extremely bearish on the medium term that will target the 1day MA50. A -6.60% repeat of December 14th - 16th gives a 14610 estimate. 4hour RSI still far from the buy opportunity when being oversold. Follow us, like the idea and leave a comment below!!
CAPITALCOM:DE40
by TheCryptagon
1
DOW JONES: Testing the 4H MA200 for the 1st time in 3 weeksDow Jones broke today the 33,460 - 33,500 Resistance Zone that was intact since December 22nd. At the moment it is attempting a test of the 4H MA200, the first since December 15th. Trading within a Channel Up and with 4H technicals bullish (RSI = 62.540, MACD = 15.660, ADX = 24.447) while the 1D MACD is about to make a Bullish Cross, we expect a strong bullish trend if the price breaks and closes above the 4H MA200, with 34,900 (December 13th Resistance) the Target. Preferably we would like to see a break above the Channel Up as well. A break below the Channel Up will be a short-term sell opportunity with the 1D MA200 as the target, while further break below it, will target the 31,710 Support (November 3rd). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
U
by InvestingScope
S&P500: Bearish but the 1D MA50 can reverse the courseThe S&P500 index has been trading within a Channel Down pattern on the 1D time-frame ever since the December 1st rejection on the Lower Highs Resistance (Jan 4th) and the Dec 13th rejection on the 1W MA50. With the 1D technicals neutral (RSI = 50.198, MACD = -15.660, ADX = 19.596), this is technically the level to sell as the price is at the top of the Channel Down. As long as it holds, our target is 3,710, which is marginally above the 3,695 Support of the Nov 3rd 2022 low. A break above the 1D MA50 reverses the bearish trend and we'll target the 1D MA200 and the Lower Highs (Jan 4th) Resistance again. This scenario is supported by the Higher High (HH) on the 1D RSI (which is a bullish divergence also seen in early October and May 2022) and the 1D MACD which just formed a Bullish Cross, also consistent with the aforementioned market Lows. Closing a candle above the 1W MA50 would restore the long-term bullish trend and we will take that break-out to target the 4,330 Resistance (Aug 16th 2022 High). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
U
by InvestingScope
2
FTSE going to beat major indices and close the year in gains?The FTSE100 index (FTSE100) has resumed its bullish trend since the October 13 bottom after hitting both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) on December 20. In fact, against all odds during this inflation crisis and in contrast to its heavy stock index counterparts, it is about to close the year in gains (if it stays above the 7420 level this week). Practically, the index has been within a huge Rectangle pattern in 2022, ranging within 7700 and 6710. If that's not impressive enough, it just completed a Golden Cross on the 1D time-frame (when the 1D MA50 crosses above the 1D MA200), which is technically a bullish formation. Last time we saw this pattern was on December 02 2020, as the index was recovering from the COVID crash globally. The price made a Low exactly at the time of the Golden Cross and started a very sustainable rise pattern. What adds more weight to a bullish continuation, is the fact that the RSI on the 1W time-frame tested and held the former Lower Highs trend-line that was in effect through the majority of 2022. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FLong
by TradingShot
US30 thoughts post CPI pre FOMCHi, and thanks for taking the time to look at our latest update. We hope everyone has been hitting some trade wins. Today we are looking at the US30 after its wild session after yesterday's US CPI data. The data came in below expectations, and this continues the run of lower-than-expected releases. This remains a touch confusing, as last week, we saw the PPI increase. Inflation sits at 7.1% y/y. Is this enough for the fed to set a slightly more dovish stance this week? Message from the fed has softened, but we still expect to see rates come in 50 points higher this week. This is a decrease on previous meetings, so it's a softening in that area if it does happen. The gambler in me wonders if we could see 25 points before Christmas, but the realist thinks we will most likely see the expected 50 points. The US30 saw one heck of a fade after the CPI data, and that does make me wonder if the market is feeling edgy regarding the feds' message this week, which may coincide with a high point in the rally. For now, we see resistance at 34,600 and at 35,270. Will that feds message this meeting cement buyer confidence, or could it start a new push lower if the message moves away from the softening tone we have started to see develop? The FOMC, funds rate, statement and economic projections will be released tomorrow morning AEDT time at 6:00 am, followed by the press conference at 6:30 am.
EIGHTCAP:US30
by Eightcap
US30 breaks range as buyers continue to pushHi, and welcome to today's update. Focus today on the US30 as buyers continue to push the case for a new up leg. In today's video, we run over price action that proceeded the move and the battle we watched last Friday and yesterday as traders tried to hold and move passed 30,000. The break above resistance in today's Asian session is a great sign, and we want to see buyers hold this move or continue it to confirm today's move. If buyers can continue to push the market higher, we would like to see new higher highs and higher lows that show bullish control. If we see a fade in today's NY session that closes back below 30,300 or 30,000, this would be a worrying sign that we could see the range continue. Buying has been broad so far today in the out of hours, with the SPX500 and NDX100 seeing solid gains. This is a good sign that buying interest is firm and wide across the indexes. Let's see if buyers can carry momentum forward into today's NY session. We like to hear from you, so please feel free to drop us a comment. We also run weekly webinars with guest analysts.
EIGHTCAP:US30Long
by Eightcap
ES weekly forecast - Beginning of TST journey Hello everyone! This October I begin my TopStepTrader Micro combine! TradingView is my documentation system so Like and Follow my journey! ES has maintained its down trending posture and lending way to lower prices but currently exists in a somewhat balanced state between technical levels 3700 and 3500. This area could prove to be difficult, so I’m not particularly excited about the week ahead - SHORT TRADES ONLY given the context of the downtrend! 1 - Breakdown of 3600 with a pullback to retest before moving lower to 3500 2 - Straight down - If ES moves below 3500 with conviction, we could see lower prices in a hurry. I’ll be looking for sharp bounces to short in this scenario/. 3 - Bullish move to 3700 and consolidation to begin accepting higher price Last week gave us a decent short opportunity Wednesday. Be on the lookout for others in the middle of this week, although it’s unlikely they are as technically ‘juicy’. Waiting on TradingViews BlackFriday deals to optimize charting. Stay tuned! KingCharlesTrader - 10 years as ES swing trader by night. Web Developer by day.
CME_MINI:ES1!
by GrayTrader01
1
GER30 are sellers starting to take control? Hi, and welcome to Friday's update. In today's video, we are focusing on the GER30 daily chart. Price action and the OBV indicator are starting to show signs that sellers could be gaining short-term control over the market. Looking at price we can see that buyers made a failed breakout attempt, and sellers came in strong on the next session with an engulfing bar. Yesterday buyers held a rally but closed well-off highs showing plenty of rejection. Today, sellers have started a new move but still have a little work to do. We would like to see sellers continue to push lower and break support seen at 13,640. A break and close below yesterday's low could be the trigger for a new leg lower if sellers can hold the move. If buyers can regain control and close price back above 13,750, we would be looking for more evidence before we continue to think that the market is set to break lower. What are your thoughts? We also like to hear feedback from our readers. Thanks for stopping by. We hope you are all enjoying your Friday and good trading.
EIGHTCAP:GER30Short
by Eightcap
123 Pattern building on the US30?We hope the Tradingview community are having a great day. Today we have been looking at the US30, and we can’t help but noints the solid-looking trend break on the current upswing. This has us thinking, could we see a 123 pattern that sets up a 2nd upswing and confirms the current leg higher as a new short-medium-term uptrend? We have the V shape pattern that’s nice to see in reversals. Next, if we see further selling develop today and tomorrow, we will start looking for a new move from buyers that breaks the last high, confirms the 123 pattern (HL), and suggests that this upswing could be a new trend. Until we see further selling, we will continue to wait. But if the above does happen, we will be looking for breaks of the high to possibly set up new longs. If we see a new high today’ we will be waiting, and if selling breaks below 31,700, we will also be waiting.
EIGHTCAP:US30Long
by Eightcap