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Trendreversal

NIFTY range setup for Aug 25th/1st Sep : Avoid Gapup Neutral Overall Structure : Neutral Index components : Neutral Correlation FGI Sentiments : Greedy - 71.98↑ Indian & 47↑ Global Insider Data : Neutral, PCR: 0.99↑, IVP: 27↑, Low IV: 15.4↑, VIX: 18.43↓ (23/29)↓ ↑Up : 17650, 17750, 17850. 17950, 18050. ↓Down : 17500, 17400, 17300, 17160, 17050. Market Opening(*Expected): Huge Gapup Conclusion/Activity : Gapup to Range/Downward ~~~~~~~~~~~~~~~~~~~~~~~~~ ***Note: Identify the B/S zone, Follow the trend direction with strong confirmation. Factor Impacts: High Inflation and Interest rate hikes, Operating margin declines, Employment risks, GST Rate Hikes. Nothing works 100% of the market. It depends on 50% weightage of technical chart, 25% to OI, and 25% to FII data. We rigorously tested the strategy and is 88.6% accurate. This strategy is for knowledge point of view only & is subjected to market risk. (Data source@23:00 IST)***
NSE:NIFTY
by ceogbs89
MOVING AVERAGE TRADING | ADVANCED LESSONHello traders 👋 Today im sharing my trading strategy with moving average. What Is an Exponential Moving Average (EMA)? An exponential moving average (EMA) is a type of moving average, but it's better than MA(Only my opinion. It is one of the most important things in forex trade. Because this gives you the best direction of the trend. How to trade And Use moving average. 🧑‍🏫 When most traders use it moving average crossing. I don't think it's a good strategy. For me, when using it, looks at a trading setup. 1. Looking daily timeframe 👀 This is because you want to find the price action for a longer period and not just some light movement. 2. Draw ✏️ To draw a trend line ( if you don't know how to draw trendline watch my last lesson) 3. Add 50 EMA 📉 4. The Basics of Support and Resistance + key levels ✔️ the concept is applied in order to maximise the chances of winning trades. 5. Looking for entry + risk management 💰 Always wait for confirm example; trend line break + price making lower low + pullback + add indicators. In this lesson, we expect EURJPY to fall below 134.50. Let's see what happens in the future. 🤲 If you are enjoying the lesson, please hit the like show your support. 🤲
Education
by YertuntsTrader
2
SPX Approaches Major Resistance at 4090-4177 after FOMCSPX Approaches Major Resistance at 4090 - 4177 Fast approaching a major resistance zone where plentiful supply resides, SPX has rallied hard since the presser after the FOMC meeting on Wednesday, July 27, 2022. SPX rallied about 2.62% that day, with the Nasdaq 100 rallying nearly 4.5%. Conflicting interpretations of unscripted remarks at the FOMC presser have led many to interpret the Fed Chair's comments as more dovish than expected, which has been widely attributed as the reason for the bullish turn in major indices. Key Resistance Levels Just Overhead The blue rectangle on the published chart above shows where price had consolidated for about eight days from May 27 to June 8 of this year. This level also aligns with major swing highs and lows including the swing lows on February 24, March 8, March 14, and May 2, and the swing high on May 17. So one may reasonable expect that price could be rejected at such levels, even if temporarily, and pullback from such levels to consolidate the recent gains. Important Fibonacci targets also are approaching. These include the following Fibonacci-derived resistance levels: 4227: the .50 retracement of the entire decline from the all-time high on January 4, 2022, to the low on June 17, 2022 4221: the 1.618 projection of the first wave off the lows starting June 17 4137: the .50 retracement of the March 29 to June 17 decline 4114: the 1.272 projection of the first wave off the June 17 low as projected from the low on July 14 Key Fibonacci Resistance Levels on SPX daily chart as of July 28, 2022 Momentum Nears the March 29, 2022 Level Yesterday, July 28, 2022, RSI reached 62.61 on the daily chart. It will likely reach the 64-66 range on the same time frame on July 29, 2022. This is very near March 29, 2022 peaks where RSI topped at 65.27 after turning all the key moving averages on the daily time frame upward again. The March 2022 bear rally even turned the weekly 21 EMA to upward sloping as well for a 2-3 weeks. RSI hit 65.27 on March 29, 2022 after a powerful 11.56% rally off the March 8, 2022 low. The chart below highlights RSI resistance based on the March 29, 2022 peaks. RSI on SPX daily chart as of July 28, 2022 Near-Term Trends Have Shifted Upward While SPX is approaching major resistance, short-term and intermediate term trends have turned upward. On the daily chart, the 8, 21 and 34 EMAs are now sloping upwards with price well above them all, the 8 EMA has crossed above the 21 EMA, and the 21 EMA appears likely to cross the 34 EMA within a day. The chart below shows these three key moving averages. 8 EMA, 21 EMA and 34 EMA on SPX daily chart as of July 28, 2022 On the weekly chart, the weekly trend remains neutral to bearish still, with price just below the 21-week and 34-week EMAs, which have been flattening out given the recent rally and are no longer previously downward sloping. Bear Rallies and Major Trend Reversals May Appear Similar Powerful bear rallies and major trend reversals off of long-term lows can appear quite similar. The current rally from June 16, 2022, to July 29, 2022, has gained over 12%, and likely may reach a 13% gain tomorrow. This has exceeded almost everyone's expectations and once again caused many experts to pronounce that the bottom has been made in equity markets this year and that lasting bull markets lie ahead. While a bull market may come, it remains unclear whether a powerful bear rally definitely signals the start of another extended bull, especially with inflation remaining persistently high, negative GDP prints, and Federal Reserve rate hikes continuing even if at a slower pace. Even if it were to retrace over half the decline since January 2022's all-time high, such a rally would remain typical of bear markets and insufficient to draw any serious conclusions. The 2-year bear market of 2000-2002 saw bear rallies in the Nasdaq 100 that reached 32-60% on four separate occasions. For the time being, it remains prudent to follow price, which is showing that near-term trends have shifted. But at this extended level, going long does not make sense give the key resistance levels just overhead. Note: This post is not intended to present a trade idea but rather to present technical analysis of the current price action in this security. DISCLAIMER: This post is published solely for educational / entertainment purposes and does not constitute financial advice or an investment recommendation and cannot account for any person's particular financial circumstances. The author would not want other investors / traders to lose money by relying *solely* on this idea rather than doing their own due diligence. Before entering any trade, please evaluate the risks of (i) the instrument / security being traded, (ii) the type of trade and its timeframe, (iii) risks inherent in that type of trade and its time frame, (iv) the inherent risks of shorting securities (presenting unlimited risk without hard stops in place), (v) the inherent risks of trading options, leveraged ETFs, and cryptocurrencies, and (vi) all financial risks arising each person's personal financial circumstances. SP:SPX OANDA:SPX500USD VANTAGE:SP500 AMEX:SPY CME_MINI:ES1!
SP:SPX
by SquishTrade
9
ES MINI TRADE IDEAEcco cosa mi aspetto nei prossimi giorni sull' S&P500, il prezzo si trova attualmente sul livello 0.618 di Fibonacci, ci sono tuttavia ancora due resistenze importanti che sono i due livelli immediatamente successivi. Il target è il POC del volume profile posizionato sull' ultimo swing, in quanto il prezzo tende a ritornare verso il suo livello di equilibrio (quello con i maggiori volumi di scambio). Nel breve termine per ora resto long, ma attenzione allo scenario macro e alla price action settimanale che si trova ancora in downtrend.
CME_MINI:ES1!Long
by lorenzo-96