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Technical Analysis

Nasdaq - Here we finally go!TVC:NDQ is finally rejecting the resistance and creating the anticipated bearish correction. Let me just put it that way: The correction was 100% anticipated and you can definitely then trade accordingly. Just a couple of weeks ago the Nasdaq retested a resistance which has been pushing price lower for 14 years - a correction was very likely. So far the Nasdaq is dropping significantly but I don't think that the current correction will actually be over soon... Levels to watch: $16.000 Keep your long term vision, Philip - BasicTrading
TVC:NDQShort
by basictradingtv
10
BANK NIFTY INTRADAY LEVELS FOR 04 SEP 2024BUY ABOVE - 51750 SL - 51600 TARGETS - 51880,52140,52400 SELL BELOW - 51600 SL - 51750 TARGETS - 51470,51260,51120 NO TRADE ZONE - 51600 to 51750 Previous Day High - 51750 Previous Day Low - 51260 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
7
NIFTY INTRADAY LEVELS FOR 04 SEP 2024BUY ABOVE - 25320 SL - 25240 TARGETS - 25400,25470,25530 SELL BELOW - 25240 SL - 25320 TARGETS - 25200,25180,25080 NO TRADE ZONE - 25240 to 25320 Previous Day High - 25320 Previous Day Low - 25240 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Awaited Dollar Rebound, Too Expensive FrancCHF - Market Internals - SNB doesn't like it high USD - Strong GDP data. Claims were released slightly below the cons.; ISM PMI positive expectations - Oversold dollar due to exaggerated cut expectations - Bullish CFTC Technical & Other Setup: TR(B) Setup timeframe: 4h Trigger: 1h Medium-term: Down Long-term: Down Min target: Local mirror level, 3R Risk: 0.22%; 1R * 1st entry 0.5R near the down band of the local range (buy limit); 2nd 0.5R when 1h closed above DMA(10)
Long
by Cherry94
#MATIC/POLYGON Looks ready for a pump. Get longSo #ploygon is looking primed for a pump. It may or may not be a coincidence that it is about to rename to Polygon from MATIC. Pump the Polygon peeps. Looking at the chart: * STO is bottoming at 8. You heard me 8. The only way is up baby! * RSI was 21 on the previous low and is 31 on this low. Sellers are running out of strength. Buyers are taking back control. * We have a double bottom and the only reason we dont have a bullish divergence is because the selling was too weak! Numbers: * Target 1 is 0.54. That is 33% for a spot position. * Target 2 is 0.76. Take some money off the table at 0.54 ffs. * Stop loss. 0.38. If we see this level again then run for the hills. Drop it likes it hot. Get out. GL Peeps. #staysafu
MLong
by thecryptochart
CRB Index: Impact on Commodities, Inflation, and the DollarIt’s been some time since we last looked at the Thomson Reuters CRB Index, a key indicator for tracking commodity performance and gauging inflation. With inflation softening recently, it’s not surprising that the CRB Index is also reversing. The chart shows a three-wave rally from the 2023 lows, which suggests a corrective movement in an ABC formation, as identified in Elliott Wave theory. When a correction like this concludes, the next move typically retraces the previous rally. Looking at the CRB Index, we expect prices to move even lower, possibly down to 241. This decline could be further driven by falling crude oil prices, especially if OPEC increases supply as recently announced. Some may wonder how this will impact the USD. Currently, the correlation is that lower commodities lead to lower CPI, which in turn suggests a lower USD due to expectations of Fed rate cuts. Until the Fed cuts rates a few times, the correlation between a lower CRB and a lower USD could remain in play due to falling US yields. However, once rate cuts are nearing their end, that’s when the dollar may find a bottom.
TVC:TRJEFFCRBShort
by ew-forecast