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SPx continues to move towards a new bullish area.S&P 500 Index Technical Analysis The S&P 500 (SPX) has maintained its bullish trend as anticipated and continues to move towards a new bullish area. Intraday Analysis: Today, the price may stabilize above 5502 to continue the bullish trend towards 5530 and 5550. Bullish Scenario: As long as the price trades above 5502, the bullish trend is likely to continue, targeting 5530 and 5550. There is also a possibility of a price correction down to 5480 before pushing up again. Bearish Scenario: If the price drops and stabilizes below 5479, it may enter a downtrend towards 5438 and 5410. Key Levels: - Pivot Line: 5502 - Resistance Levels: 5530, 5550, 5595 - Support Levels: 5479, 5440, 5410 Today's Expected Trading Range: The anticipated movement range for today is between the resistance at 5550 and the support at 5479. Summary: Maintaining a position above 5479 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5479 indicates a bearish trend, with potential support targets at 5438 and below.
OANDA:SPX500USDLong
by SroshMayi
SMART MONEY CONCEPT EXPLAINEDThe Smart Money Concept (SMC) involves understanding the behavior and strategies of institutional investors to inform trading decisions. Within SMC, there are several key components and strategies, including concepts like CHoCH (Change of Character), BOS (Break of Structure), FVG (Fair Value Gap), and others. Here's an in-depth explanation of these concepts: 1. Change of Character (CHoCH) Definition CHoCH refers to a significant shift in market sentiment or trend. It's a point where the market changes direction, indicating a potential reversal. Identification Higher Highs to Lower Lows (or vice versa): In an uptrend, CHoCH occurs when the market stops making higher highs and starts making lower lows, signaling a possible downtrend. Volume and Momentum Shifts: Increased volume or momentum in the opposite direction can also indicate a change of character. Application Entry/Exit Points: CHoCH helps traders identify potential entry and exit points by signaling when a trend might be reversing. 2. Break of Structure (BOS) Definition BOS occurs when the price breaks a significant support or resistance level, indicating a continuation or reversal of the trend. Identification Support/Resistance Levels: When price breaks these levels with strong momentum, it signals a BOS. Swing Highs and Lows: A break above a previous swing high or below a previous swing low is considered a BOS. Application Trend Confirmation: BOS helps confirm the direction of the trend, allowing traders to align their trades with the prevailing market direction. 3. Fair Value Gap (FVG) Definition FVG represents a price gap left in the market where there was a rapid price movement, often due to high volatility or significant market orders. Identification Price Gaps: FVGs are visible as gaps on the price chart where little to no trading occurred. Imbalance Zones: These are zones where the buying and selling are not balanced, leading to rapid price movement. Application Retracement Points: FVGs often act as magnets for price, as the market tends to revisit these gaps to fill them, providing potential retracement or entry points for traders. 4. Other Major Parts of the Smart Money Concept Liquidity Pools Definition: Areas in the market where a large number of orders are clustered, typically around key support and resistance levels. Application: Institutions often target these areas to trigger stop-loss orders, creating liquidity for their trades. Order Blocks Definition: Consolidation areas where institutions place large buy or sell orders, creating a base for future price movement. Identification: These are visible as zones of consolidation on the chart. Application: Order blocks can act as strong support or resistance levels, providing potential entry or exit points. Institutional Candles Definition: Large candlesticks that represent significant institutional activity. Identification: These candles are usually much larger than the surrounding ones and often occur at key levels. Application: They signal strong buying or selling interest from institutions, indicating potential future price direction. Stop Hunts Definition: The practice where institutions push the price to trigger stop-loss orders placed by retail traders to create liquidity. Identification: Sudden, sharp price movements towards obvious stop-loss levels. Application: Recognizing stop hunts can prevent premature exits and provide entry points at better prices. Market Cycles Accumulation Phase: Period where smart money is building positions, often characterized by sideways price movement with low volatility. Mark-Up Phase: After accumulation, the price starts to move upward rapidly as institutions push the market in their favor. Distribution Phase: Institutions begin to offload their positions, leading to sideways movement with high volatility. Mark-Down Phase: Following distribution, the price moves downward rapidly as institutions sell off their positions.
Education
by realmillionairefx
EURUSD / Bullish Trend Above 1.0740 with Key Levels to WatchEUR/USD Outlook Current Outlook: The price is expected to trade in the bullish zone, having reversed and stabilized above the pivot zone. Bearish Scenario: The price would need to reverse and stabilize below 1.0707 to initiate a bearish trend. Bullish Scenario: As long as the price remains above 1.0740, the bullish trend is expected to continue, targeting 1.0796. Key Levels: - Pivot Line: 1.0740 - Support Levels: 1.0680, 1.0620, 1.0505 - Resistance Levels: 1.0796, 1.0850, 1.0915 Expected Trading Range: The price is anticipated to move between the resistance at 1.0796 and the support at 1.0707. In summary, maintaining a position above 1.0740 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 1.0707 indicates a bearish trend with potential support targets.
Long
by SroshMayi
GOLD (Reversing to bullish trend)Technical Analysis: Gold The price reversed to a bullish trend after closing 4h candle above 2332, so the next bullish station is 2337 and 2357 Current Outlook: The trend appears bullish for today, as the price has stabilized above 2323. As long as it remains above 2323, it is expected to touch 2338, and above it will get 2357 Bullish Scenario: as long as the price trades above 2323 means has a bullish trend toward 2337 and then should break 2338 to continue the bullish trend till 2357, There is also the possibility of a price correction down to 2323.5 Bearish Scenario: As long as the price trades below 2321, it is likely to drop to 2302. A 4-hour candle close below 2292 would suggest a further downtrend towards 2260. Key Levels: - Pivot Line: 2321 - Resistance Levels: 2337, 2357, 2369 - S upport Levels: 2302, 2292, 2260 Today's Expected Range: The price is anticipated to move between the support at 2223 and the resistance at 2357. In summary, maintaining a position above 2323 supports a bullish outlook, targeting resistance levels. Conversely, breaking under the support line could shift the trend to bearish, aiming for a lower support zone.
OANDA:XAUUSDLong
by SroshMayi
GOLD (It looks bearish trend) while under 2321Technical Analysis: Gold The price will consolidated between the 2321 and 2302 zones. Current Outlook: The trend appears bearish for today, as the price has stabilized below 2321. As long as it remains under 2321, it is expected to touch 2302, and under it will get 2292 Bullish Scenario: For a bullish trend to be activated, the price must break through the resistance zone between 2321 and 2327, targeting 2337 and 2357. Bearish Scenario: As long as the price trades below 2321, it is likely to drop to 2302. A 4-hour candle close below 2292 would suggest a further downtrend towards 2260. Key Levels: - Pivot Line: 2321 - Resistance Levels: 2337, 2357, 2369 - Support Levels: 2302, 2292, 2260 Today's Expected Range: The price is anticipated to move between the support at 2278 and the resistance at 2328. In summary, maintaining a position below 2321 supports a bearish outlook, targeting lower support levels. Conversely, breaking above the resistance zone could shift the trend to bullish, aiming for higher targets.
OANDA:XAUUSDShort
by SroshMayi
USNAS100 New All-Time High with Strong Bullish MomentumTechnical Analysis: New All-Time High with Strong Bullish Momentum The price has recorded a new all-time high, indicating strong bullish momentum. Today's Outlook: The indices market is expected to be volatile due to upcoming retail data releases. Bullish Scenario: If the price remains stable above 19,880, it is likely to continue the bullish trend, potentially reaching 20,250. Bearish Scenario: If the price breaks below 19,880 and closes a 4-hour candle under this level, it may enter a downtrend, targeting the demand zone between 19,625 and 19,525. Key Levels: - Pivot Line:** 19,880 - Resistance Levels: 20050, 20150, 20250 - Support Levels: 19685, 19525, 19255 Today's Expected Range: The price is expected to fluctuate between the support at 19,525 and the resistance at 20,060. In summary, stability above 19,880 favors a bullish outlook with higher resistance targets, while a break below this level suggests a potential bearish trend toward lower support zones. Fundamental Analysis: S&P 500 and Nasdaq Futures Near Record Highs Ahead of Key Data Market Overview: U.S. stock index futures were steady on Tuesday, with those tracking the S&P 500 and the Nasdaq hovering near record highs. This comes ahead of crucial retail sales data and commentary from several Federal Reserve officials. Key Economic Data: Focus is now on fresh economic data from the United States, including: - May Retail Sales: This data will be closely watched for insights into consumer spending. - Industrial Production: A key indicator of economic health. - Business Inventory Data: Provides insights into supply chain dynamics and business confidence. Federal Reserve Commentary: Comments from U.S. Federal Reserve officials will be scrutinized for their views on the current economic situation and future monetary policy. Recent projections indicate that the Fed now anticipates just one interest rate cut this year, down from the three previously forecasted. In summary, the market is poised for potential volatility as investors await key economic data and insights from Federal Reserve officials, which could provide direction on future monetary policy.
OANDA:NAS100USDLong
by SroshMayi
GBPUSD (Technical and fundamental ) Bearish attentionTechnical Analysis of GBP/USD The price already dropped after stabilizing under 1.2693, and still running to get 1.2628. Bearish Scenario: As long as the price trades below 1.2695, it is expected to drop to 1.2627. A further decline below this level could see the price reach 1.2572. Bullish Scenario: To shift to a bullish trend, the price must reverse and stabilize above 1.2700, potentially targeting 1.2783. Key Levels: - Pivot Price: 1.2700 - Support Levels: 1.2627, 1.2572, 1.2541 - Resistance Levels: 1.2780, 1.2820, 1.2898 Today's Expected Movement Range: The price is expected to fluctuate between 1.2693 and 1.2627. Tendency: Bearish trend In summary, maintaining a position below 1.2695 supports a bearish outlook, with lower support targets in focus. Conversely, trading above 1.2700 could indicate a bullish reversal, aiming for higher resistance levels. Fundamental Analysis: US Dollar Gains Amid Key Data Releases and Fed Appearances US Dollar Rises Early Monday: The US dollar strengthened against its major trading partners early Monday, except for a slight decline versus the euro. This movement comes ahead of a busy week filled with significant data releases and appearances by Federal Reserve officials. Monday's Focus: - Empire State Survey: The week begins with the New York Federal Reserve's Empire State survey for June at 8:30 am ET, providing the first insight into manufacturing conditions for the month. - Fed Speakers: New York Fed President John Williams speaks at 12:00 pm ET, followed by Philadelphia Fed President Patrick Harker at 1:00 pm ET, and Fed Governor Lisa Cook at 9:00 pm ET. Tuesday's Highlights: - Key Data Releases: Retail sales and industrial production data. - Fed Appearances: Six scheduled appearances by Federal Reserve officials. Wednesday's Schedule: - Juneteenth Holiday: A lighter day with only weekly mortgage applications data and the National Association of Home Builders' sentiment data. Thursday's Highlights: - Jobless Claims and Housing Data: Weekly jobless claims, housing starts, and the Philadelphia Fed's manufacturing index. Friday's Highlights: - Economic Indicators: Flash data releases. In summary, the US dollar's movement this week will be closely influenced by retail sales, industrial production data, and various Federal Reserve officials' speeches, setting the stage for significant market activity.
Short
by SroshMayi
Nasdaq, Assessing Bullish Continuation and Potential CorrectionsTechnical Analysis: Assessing Bullish Continuation and Potential Corrections The price recorded a new all-time high, demonstrating strong bullish movement. However, some investors remain concerned about the sustainability of the equity rally, as gains have been driven primarily by megacap growth and technology stocks. Today's Outlook: The price is expected to move between 19,760 and 19,520 due to a strong supply zone. Bullish Scenario: To continue the bullish trend, the price should stabilize above 19,625 and target 19,760. Stability above 19,760 would suggest further gains this year. Generally, maintaining a position above 19,520 indicates an uptrend. Bearish Scenario: The price might touch 19,760 and then drop to correct down to 19,625 and then 19,520. To reach 19,100, a 1-hour candle must close below 19,520. Key Levels: - Pivot Line: 19,690 - Resistance Levels: 19,760, 19,820, 19,980 - Support Levels: 19,520, 19,250, 19,100 Today's Expected Range: The price is expected to fluctuate between the support at 19,100 and the resistance at 19,625. Tendency: Downtrend correction In summary, maintaining a position below 19,760 suggests a bearish outlook, targeting lower support levels. Conversely, breaking above this level could signal a return to the bullish trend.
OANDA:NAS100USDShort
by SroshMayi
2
SUN Price prediction 2024 - SUN IS GOING TO SHINE AND $0,07 SUN Price Prediction 2024 - Will SUN Shine Bright? Based on our analysis, SUN could reach an exciting target of $0.07 by the end of this year. Current Trends At the start of the year, SUN's trend looks promising and different from previous years. This isn't just about a percentage increase but also about its overall development. Year 2023 was a red year and 100% not sumllair as the trends of this year. The year 2024 already made some start trends also to see on chart. What’s Next for SUN? We’re keeping a close eye on SUN because it has shown some very interesting movements recently. For 2024, there are several possible targets: $0.021 $0.025 $0.035 $0.047 The most optimistic target is $0.07, which would be up to a new all-time high (ATH). Note Always do your own research. This is not trading advice. The market can be unpredictable. The market can go for a time stable, it's about the year 2024 this is not short-term update.
SLong
by SatochiTrader
Nasdaq Eyes New Highs Amid Bullish MomentumTechnical Analysis: USNAS100 The price has reached the resistance line at 19,100, indicating a sustained bullish trend. If the price stabilizes above 19,100, it is expected to continue its bullish movement towards 19,440. However, a retest down to 18,940 is likely before the bullish trend resumes. A break below 18,930 on a 4-hour candle close would signal a bearish shift towards 18,820, leading to consolidation between 19,100 and 18,940. Bullish Scenario: For the bullish trend to persist, the price needs to break above 19,100, with potential targets at 19,250 and 19,450. As long as the price trades above 18,930, the bullish trend remains intact. Bearish Scenario: Stabilization below 18,930 would indicate a move towards 18,820. A further break below 18,820, confirmed by a 1-hour candle close, would signal a downtrend towards 18,600. Key Levels: - Pivot Line: 19,100 - Resistance Levels: 19200, 19300, 19450 - Support Levels: 18940, 18820, 18710 Today's Expected Range: The price is expected to move between the support at 18,820 and the resistance at 19,450.
OANDA:NAS100USDLong
by SroshMayi
EUR/USD: Bearish Momentum Continues with Key Levels in FocusEUR/USD Technical Analysis Trend Analysis: - The daily chart shows a clear downtrend, with stability in the bearish volume, indicating persistent bearish momentum. - Recent price action has been moving downward, suggesting continued selling pressure. Current Outlook: The price will continue to trade in a bearish trend as long as it remains below 1.0707 and 1.0745, targeting 1.0616. The EUR/USD is expected to consolidate between 1.0616 and 1.0707 until a breakout occurs. Bearish Scenario: As long as the price trades below the pivot zone, it is expected to drop to 1.0616. A break below this level could lead to the next bearish target at 1.0505. Bullish Scenario: For an uptrend to be established, the price must reverse and stabilize above the pivot zone, targeting 1.0796 and then 1.0853. Key Levels: - Pivot Line: 1.0710 - Support Levels: 1.0620, 1.0505, 1.0400 - Resistance Levels: 1.0796, 1.0850, 1.0915 Expected Trading Range: The price is anticipated to move between the resistance at 1.0745 and the support at 1.0615. In summary, maintaining a position below 1.0707 supports a bearish outlook, with further declines likely. Conversely, breaking above the pivot zone could signal a shift to a bullish trend, targeting higher resistance levels.
Short
by SroshMayi
BTC/USD Poised for Bullish Momentum Amid ConsolidationBTC/USD Daily Chart Analysis Trend Analysis: - The daily chart shows an overall bullish trend with higher highs and higher lows since late last year. - Recently, the price has been experiencing consolidation with some volatility but remains above key support levels. Support and Resistance Levels: - Immediate Support Level: 65,000, which could act as a strong support if the price pulls back. - Next Support Level: 62,400, a significant support level that has been tested previously. - Immediate Resistance Level: 70,000, which could act as a barrier to upward movement. - Next Resistance Level: 73,800, a key resistance level that aligns with recent highs. Technical Indicators: - The recent price action and candlestick patterns suggest consolidation within a bullish context. - The overall momentum remains positive, indicating potential for continued upward movement. Direction Preference: Given the current bullish trend and the higher time frame, the preferred direction for BTC/USD in the short to medium term is bullish. The price is likely to continue moving higher towards the resistance levels of 70,000 and potentially 73,800. Key levels to watch: - Pivot Price: 66120 - Resistance: 70000, 73810, 76500 - Support: 64900, 62400, 59940 Conclusion: The BTC/USD daily chart indicates a bullish trend with continued upward momentum. It is advisable to consider long positions, targeting the resistance levels at 70,000 and 75,000. Monitor for any signs of consolidation or pullback, but as of now, the bullish trend remains the preferred direction for today and the near future.
BITSTAMP:BTCUSDLong
by SroshMayi
Do you have the KEY?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 KEY has been overall bullish , trading within the rising channel in blue. Currently, KEY is undergoing a correction phase and it is currently approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #KEY approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
K
by TheSignalyst
4
USNAS100 Bearish Trend Emerges After Bullish Targets ReachedTechnical Analysis Nasdaq The price has reached all our bullish targets perfectly and now appears to be entering a bearish trend. Today's Outlook: The price has stabilized below the resistance line at 19,650, consolidating between 19,625 and 19,525. Bullish Scenario: To re-enter a bullish trend, the price must break above 19,625 and close a 4-hour candle above this level, potentially targeting 19,760. Bearish Scenario: As long as the price remains below 19,625, it is likely to drop towards 19,230. A 1-hour candle close below 19,525 would confirm the bearish trend, with further potential declines. Key Levels: - Pivot Line: 19,570 - Resistance Levels: 19,710, 19,820, 19,980 - Support Levels: 19,450, 19,230, 19,100 Today's Expected Range: The price is expected to fluctuate between the support at 19,100 and the resistance at 19,625. In summary, maintaining a position below 19,625 suggests a bearish outlook, targeting lower support levels. Conversely, breaking above this level could indicate a shift back to a bullish trend.
OANDA:NAS100USDShort
by SroshMayi
S&P 500 Index: Bullish Trend Faces Potential ReversalS&P 500 Index Technical Analysis The S&P 500 (SPX) has continued its bullish trend as anticipated, successfully reaching the projected targets. However, it now appears poised for a potential decline. Intraday Analysis: Today, the price may stabilize within the bearish zone, remaining below 5423 and potentially moving towards 5372. Bullish Scenario: For a new bullish trend to be initiated, the price must close a 4-hour candle above 5423, targeting 5440. Stability above 5450 would then be required to confirm the bullish trend. Bearish Scenario: As long as the price trades below 5423, it is likely to drop towards 5372 and 5346, particularly if a 1-hour candle closes below 5414. Key Levels: - Pivot Line: 5423 - Resistance Levels: 5450, 5484, 5520 - Support Levels: 5372, 5347, 5320 Today's Expected Trading Range: The anticipated movement range for today is between the resistance at 5450 and the support at 5346. In summary, maintaining a position above 5450 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5423 indicates a bearish trend, with potential support targets at 5372 and below.
OANDA:SPX500USDShort
by SroshMayi
Gold's Bearish Trend Below Key ResistanceTechnical Analysis: Gold The price has consolidated between the 2321 and 2302 zones as previously mentioned. Current Outlook: The trend appears bearish for today, as the price has stabilized below 2321. As long as it remains under 2321, it is expected to touch 2302. Bullish Scenario: For a bullish trend to be activated, the price must break through the resistance zone between 2321 and 2327, targeting 2337 and 2357. Bearish Scenario: As long as the price trades below 2321, it is likely to drop to 2302. A 4-hour candle close below 2292 would suggest a further downtrend towards 2260. Key Levels: - Pivot Line: 2321 - Resistance Levels: 2337, 2357, 2369 - Support Levels: 2302, 2292, 2260 Today's Expected Range: The price is anticipated to move between the support at 2260 and the resistance at 2328. In summary, maintaining a position below 2321 supports a bearish outlook, targeting lower support levels. Conversely, breaking above the resistance zone could shift the trend to bullish, aiming for higher targets.
OANDA:XAUUSDShort
by SroshMayi
Gold Market Reacts to Powell's Inflation Warning!!!Technical Analysis: Gold The price of gold recently reached 2341 before declining in response to Federal Reserve Chair Jerome Powell's statement that "inflation is still too high." Based on this, the market is expected to trade within a bearish tactical outlook. Current Outlook: Gold is likely to touch 2302 and then consolidate between 2302 and 2321 until a breakout occurs. Bullish Scenario: As long as the price remains above 2302, it is expected to attempt to reach 2311 and 2321. A break above the 2321-2327 range would indicate a shift to a bullish area, targeting 2337 and 2357. Bearish Scenario: Should the price stabilize below 2302, confirmed by a 1-hour candle close, it is expected to drop to 2292. A subsequent 4-hour candle close below 2292 would confirm a bearish trend, targeting 2278 and 2260. Key Levels: - Pivot Line: 2302 - Resistance Levels: 2321, 2337, 2357 - Support Levels: 2292, 2278, 2260 Today's Expected Range: The price is anticipated to move between the support at 2278 and the resistance at 2328. In summary, maintaining a position above 2302 suggests a potential bullish movement towards higher resistance levels, while trading below 2302 indicates a bearish trend with lower support targets in focus.
OANDA:XAUUSD
by SroshMayi
S&P 500 Hit Record Highs for Third Consecutive Day!!!S&P 500 Index Technical Analysis The S&P 500 ( OANDA:SPX500USD ) has continued its bullish trend as anticipated, successfully reaching the projected targets. With the Consumer Price Index (CPI) result being released at 3.3% as we expected, the index tested its final resistance level of 5450. Intraday Analysis: Today, the price may stabilize within the bearish zone, attempting to break through the pivot line at 5423. Bullish Scenario: The price is likely to consolidate between 5423 and 5450. A breakout above 5450 would activate the next bullish trend, targeting 5484. Bearish Scenario: Should the price close a 4-hour or 1-hour candle below 5423, it is expected to decline towards 5384 and potentially 5372, thereby reaching the demand zone. Key Levels: - Pivot Line: 5423 - Resistance Levels: 5450, 5484, 5520 - Support Levels: 5383, 5347, 5320 Today's Expected Trading Range: The anticipated movement range for today is between the resistance at 5450 and the support at 5372. In summary, maintaining a position above 5450 supports a bullish outlook, aiming for higher resistance levels. Conversely, trading below 5423 indicates a bearish trend, with potential support targets at 5372. Previous idea: S&P 500 and Nasdaq Hit Record Highs for Third Consecutive Day Amid Fed's Interest Rate Forecast The S&P 500 and Nasdaq closed at record highs for the third consecutive day on Wednesday, driven by unexpectedly mild inflation data. However, these indexes retreated from their intraday peaks following the Federal Reserve's announcement that it projects only one interest rate cut this year. In a significant shift from its March projections, which included three quarter-percentage-point reductions, the Fed concluded its June 11-12 meeting by stating it would leave its policy rate unchanged, as anticipated by the market. The stock market experienced volatility after the news and the subsequent press conference with Fed Chair Jerome Powell. While the S&P 500 and Nasdaq pared their gains, the Dow Jones Industrial Average finished the day nearly flat. Stocks opened higher after the Labor Department reported that the U.S. Consumer Price Index (CPI) was unexpectedly unchanged in May, due to a decline in gasoline prices. This softer inflation data initially fueled market optimism. "The CPI number was certainly cooler than estimates and drove optimism to start the day, but that was only half of today's menu," noted Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. The mixed signals from the inflation data and the Fed's cautious stance on interest rate cuts created a complex trading environment, leaving investors to navigate between optimism and uncertainty.
OANDA:SPX500USDShort
by SroshMayi