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Technical Analysis Of NYSE Composite Index In Daily Timeframe (1) After the breakout of the Rounding Bottom pattern, price has given a sharp upside rally and reached to its previous All Time High at near 18,340. (2) After that, a sharp correction has been seen, which was quite natural. Price took support at near 17,380 level. (3) Then with a strong up move, price made a fresh All Time High at near 18,400 level. (4) 18,330 level will act as an immediate support level for the price and It is expected that the price will go up again from this level and achieve new highs. (5) The overall sentiments will remain positive until the price is trading above the 17,380 level.
NYSE:NYA
by NaranjCapital
Apple: "Buy the dip " in short term?Hi Traders! On the daily time frame NASDAQ:AAPL has completed an important bullish structure and it is currently working on a corrective structure on the intraday chart. That said, in our view, Apple will trigger a bullish corrective structure in the near term, with ABC Pattern or a harmonic structure. With this in mind, our view is bullish with “Buy The Dip” with Target 1 around 180 area. Trade with care Like | Share | Comment
NASDAQ:AAPLLong
by TheAnonymousBanker
7
USD Dollar is Performing a Retracement back to $104.5! 💵The recent movements in the USD Dollar have caught the attention of investors and forex traders alike. As the USD Dollar retraces back to $104.5, there are several advantages for both stock investment and forex trading that can be capitalized upon. Let's explore them in point form with emojis: Advantages of Stock Investment: 1. 💼 Diversification: Investing in stocks denominated in USD allows you to diversify your investment portfolio. By allocating a portion of your investment in stocks, you can potentially reduce risk and increase the potential for higher returns. 2. 💸 Dividend Income: Many stocks, especially those listed on reputable exchanges, offer dividends. Dividend income can provide a steady stream of passive income, which can be reinvested or used to cover expenses. 3. 📈 Capital Appreciation: A retracement in the USD Dollar can positively impact the performance of US-based companies. As the value of the USD Dollar declines, it can boost the competitiveness of American exports, leading to higher revenues and potentially driving up stock prices. 4. 🌍 Global Exposure: Investing in stocks allows you to gain exposure to international markets. If the USD Dollar retracement is accompanied by a strengthening of other currencies, it can create favorable conditions for multinational companies, potentially leading to increased profits. Advantages of Forex Trading: 1. 💰 Profit from Exchange Rate Fluctuations: Forex trading provides an opportunity to profit from fluctuations in exchange rates. As the USD Dollar retraces, traders can take advantage of this movement by selling USD against other currencies, potentially earning profits from the price difference. 2. ⏱ Liquidity and Flexibility: The forex market is the most liquid financial market globally, meaning that traders can enter and exit positions quickly. This liquidity allows for greater flexibility in trading strategies, enabling traders to respond promptly to market developments. 3. 🌎 Global Market Access: Forex trading offers access to a vast array of currency pairs, allowing traders to participate in global economic trends. The retracement in the USD Dollar presents opportunities not only in major currency pairs but also in cross-currency pairs, opening up a wide range of trading possibilities. 4. ⚡️ Leveraged Trading: Forex trading allows for leveraged positions, meaning traders can control larger positions with a smaller amount of capital. This leverage amplifies potential profits, but it's important to note that it also increases the risk. Traders should exercise caution and use risk management strategies when utilizing leverage. In conclusion, the retracement of the USD Dollar back to $104.5 presents advantages for both stock investment and forex trading. Stock investment offers diversification, dividend income, capital appreciation, and global exposure, while forex trading provides opportunities to profit from exchange rate fluctuations, liquidity, global market access, and leveraged trading. As with any investment or trading activity, it's crucial to conduct thorough research, implement risk management strategies, and stay updated with market trends to make informed decisions. Disclaimer: This information is for educational purposes only and should not be considered as financial advice. It is important to consult with a qualified financial professional before making any investment or trading decisions. The financial markets, including stocks and forex, are complex and volatile. Predicting the performance of the USD Dollar, or any other investment, is challenging. While the advantages of stock investment and forex trading during a USD Dollar retracement were mentioned earlier, it is crucial to understand the associated risks. Market conditions can change rapidly, and past performance does not guarantee future results. Leverage in forex trading can amplify profits but also magnify losses. Traders should exercise caution and understand risk management techniques. In conclusion, the information provided is a general overview. Investing and trading carry risks, and no strategy ensures success. Seek guidance from a qualified financial advisor before making any investment or trading decisions.
TVC:DXYShort
by ICT_Trader_SB
Mid April: Market pullbacks, inflation concerns; critical levelsIn April, the markets navigated a sluggish terrain, witnessing pullbacks from the record highs achieved in March for both the S&P 500 and the Dow. Meanwhile, the NASDAQ experienced a marginal dip, bolstered by specific technology stocks. Persistent concerns surrounding inflation lingered, exacerbated by the latest Consumer Price Index data revealing a 3.5% annual increase in March, with core inflation climbing to 3.8%. These figures, coupled with inflation data surpassing expectations, tempered anticipations for immediate interest-rate adjustments. Our analysis pinpoints a notable development as the US stock market dipped below the critical 5141 level, meriting close observation. Signs suggest a potential further descent, potentially to close a gap, presenting a prospective opportunity for traders. We recommend traders monitor these levels vigilantly for insights into market trajectory and potential trading prospects, particularly surrounding the 4982 gap level. This juncture could serve as a pivotal support or resistance zone, contingent upon price action and market sentiment. Diligently tracking these benchmarks can furnish invaluable guidance for making well-informed trading decisions amidst the current market landscape.
SP:SPX
by Vestinda
#US500 maybe we are dealing with topThe US500 index has been rising within a rising wedge pattern since January 17th. However, this strong bullish trend has begun to show signs of losing momentum as overlapping waves develop. Overlapping waves are a key indicator of a potential reversal, signaling a loss of momentum. Additionally, the rising wedge pattern itself is a powerful reversal pattern. The combination of diminishing momentum and the breakout below the rising wedge suggests that the bullish trend may be coming to an end, at least temporarily, and we could anticipate a bearish correction. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
PEPPERSTONE:US500Short
by mohemati
3
GITLAB: Elliott Waves and Reversals potentialGreetings, fellow investors! In this technical analysis, we explore the Elliott Wave patterns shaping the landscape of GitLab (NASDAQ: GITLAB). As of the current evaluation, the stock is positioned at a critical juncture, poised for the completion of wave 4, with a nuanced focus on the unfolding wave ((c)). Wave 4 Overview: Having traversed through waves 1, 2, and 3, GitLab now stands on the verge of concluding wave 4. This corrective phase sees the completion of both wave ((a)) and ((b)), entering the final leg of wave ((c)). Within this intricate phase, wave (i), (ii), (iii), and (iv) have successfully played out, setting the stage for the imminent completion of wave (v) within ((c)). Key Support Levels: Equality Extension: After achieving the equality of wave ((a)), GitLab has approached the extremes, reaching 1.618% of wave ((a)) in wave ((c)). EMA Confluence: Notably, the 55-56 zones present a significant confluence, housing both the EMA 50 on the weekly timeframe, along with the EMA 200 & 100 on the daily timeframe. Internal Wave Counts: Further reinforcing this critical level, internal wave counts align, adding weight to the potential reversal zone. Anticipated Reversal and Targets: With the confluence of technical factors at the 55-56 zones, there's a compelling case for a bullish reversal. A reversal from this level could offer a promising swing buy trade, signaling a northward trajectory to complete wave 5. This anticipated wave 5 has the potential to surpass the high of wave 3, pegged at 78+ levels. Invalidation and Risk Management: To safeguard against potential downside risks, a close below 55 is established as the invalidation level. This serves as a prudent measure to reevaluate the analysis in case of unexpected market movements. Wave 5 Insights: Wave 5, known for its impulse and directional strength, often exhibits a final burst of buying or selling pressure. Traders should be vigilant for signs of divergence, volume spikes, or other confirmatory signals as wave 5 unfolds, enhancing decision-making precision. Remember, the market is dynamic, and risk management is paramount. This analysis is not financial advice but aims to provide an educational perspective on GitLab's potential future movements. Happy Learnings! I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:GTLBLong
by RK_Chaarts
TARGET REACHED:Nasdaq mirroring Dow Jones & up it goes to 18,800 Our first aim was 16,956 for the Nasdaq 100, and wow, did it deliver, perfectly echoing our Dow Jones insights. It soared right to its initial goal of 16,956, just as we theorized. ANd it's been on the up ever since. But here's where the plot thickens—into a trending market. And let me tell you, this is where things get tricky. For breakout traders, finding that golden entry becomes a maze. For those eyeing reversals, it's like navigating a storm. And for my friends playing the ranges, buying and selling becomes a guessing game. So, what's a trader to do? We watch, we wait. The trend might keep climbing, sketching new patterns for us to decipher, or we simply stay the course, nudging our trailing stop loss up by the week. Now, with eyes on a lofty new target of 18,800, I'm parked on the sidelines. It's feeling a bit top-heavy, and without a clear strategy to dive back in, I'm all for observing. Patience is a trader's virtue, especially in this game.
NASDAQ:NDXLong
by Timonrosso
LCID analysis ⏰ let's discuss :-: Hello 👋 it's me your RAJ 🙂 professional trader ✨ This idea 💡 is completely my own analysis to explain situation _&_ market conditions of NASDAQ:LCID How this chart valid for long term 📌 explained clearly based on technical #TA 📌 #DYOR ::-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:-:: Frankly speaking 🗣️ I am full time trader in Crypto 🔮 part time in stocks to save my money 💰 Based on my friend request , i am doing 📌 analysis ⏰ based on technical analysis #TA I don't know it's fundamental and some other things to measure this as potential or bad stock based on technical i will talk 🦜 If u have experience and good knowledge in stock market especially usstock Pls let me know about this company NASDAQ:LCID it helps me to check price in other conditions :-) let's go 👀 In my opinion || chart 📉📈 looking too bad // continues downfall Best area enter is ::👉 $2.6 - $4.1 👈 Best area to exit 🎯 :: $5.3 - $10.4 - $17 - $34 Stop 🛑 when price goes below $2.5 weekend candle close below Invalid 📌 to invest Don't use 100% liquid 💰 it's high risk , so prefer 5-10% liquid 💰 on ur portfolio Let me know points to consider on this stock , so i work and i will submit u those 👀 I always do analysis on crypto stocks _&_ large cap // rest of things i don't know much __________________________________________________________________________________________ 🪩 disclaimer : ▶️ TQ u for supporting 💚 follow idea 💡 get updates everytime ⏰ when I updated 📌 Note 👀 👉 keeping comments , reacting with emojis , pointing us is very easy to some people They think 💬 what they see 📌 that was knowledge 📌 We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull 🐂 and bear 🐻 is more important Economical conditions Fundamentals Technical News Sentiments Checking macro to micro having good plan and build it is very important ☺️ Some Times market easily turn suddenly bear // bull 🤣 even we need to catch 🫴 those movements is also very important ☺️ 💛 I hope i cleared my view 🙂 if any points if I miss I will add in update 📌 post Try to understand, try to learn - try to move with flexibility with market is important Have good day 😊
NASDAQ:LCIDLong
by raj5_7_5
4
SPX macro analysis ⏰ Hello 👋 it's me your RAJ 🙂 professional trader ✨ This idea 💡 is completely my own analysis to explain situation _&_ market conditions of CBOE:SPX How this chart valid for long term 📌 explained clearly based on technical #TA 📌 #DYOR Let's go with market conditions 1st 👉 PPL 📌 thinking 🤔 big crash in S&P500 , based on economy and some other theories I don't this things go , if this happens 😂 it will vanish not only stocks or companies even goverment also get vanish Money 💰 >> PPL work / save in -> gold , bank & stocks Money 💰 >> banks -> save in ->> gold , stocks & giving loan to company & PPL 📌 Money 💰 >> companies -> save in future growth 📈 give return to retailers and keep on increasing vlaue for future like NASDAQ:AAPL , NASDAQ:GOOG , NASDAQ:AMD etc .... if stocks lose 📌 PPL lose 📌 if ppl lose 📌 goverment also lose 📌 biggest revaluation 😂 This is the major index ☝️ for many stocks , did you think 🤔 it will crash 🩸 that much harder 🙂 Use 🧠 👀 Let's go with my technical analysis ⏰ #TA ->> how I am expecting macro growth 💹 👀 There tend line 🙄 at previous High 2022 > to < 2023 which actually promised trend 📉 line and even turned as resistance 📌 for 1.2yr + Finally it was broken and re-test also done 👍 turned as support 📌 💜💚 🚀 👀 According technical analysis 📌 my analysis get Invalid 📌 when month close below $3800.2 👀 There was oder block strong 🚀 support 📌 in 3 - month $4000-4200 👀 The previous order block at $4300 & $4600 easily broken 😂 These and some other theories making me push towards new high 💰 Expecting target's 🎯 🎯 :: $4880-$5018 ( easy target ) 🎯 :: $5324-$5469 ( 💯 target ) 🎯 :: $5885-$6484 ( high pressure resistance ) Support 📌 $3900-4200 This is my analysis on S&P500 on macro , i will post other patterns and chart of technical as per education under this post 📌 ----------------------------------------------------------------------------------------------------------------------------------------------------------- 🪩 disclaimer : ▶️ TQ u for supporting 💚 follow idea 💡 get updates everytime ⏰ when I updated 📌 Note 👀 👉 keeping comments , reacting with emojis , pointing us is very easy to some people They think 💬 what they see 📌 that was knowledge 📌 We need to learn market in many ways and should get adopted with experience, TECHNICAL ANALYSIS won't help understanding market structure and understanding bull 🐂 and bear 🐻 is more important Economical conditions Fundamentals Technical News Sentiments Checking macro to micro having good plan and build it is very important ☺️ Some Times market easily turn suddenly bear // bull 🤣 even we need to catch 🫴 those movements is also very important ☺️ 💛 I hope i cleared my view 🙂 if any points if I miss I will add in update 📌 post Try to understand, try to learn - try to move with flexibility with market is important Have good day 😊
SP:SPXLong
by raj5_7_5
🔴 META PLATFORM: Daily Technical Analysis & SetupHi Traders! From a technical point of view, NASDAQ:META is very interesting for Day Traders, but at the same time it could also give some opportunities to Aggressive Traders (Intraday) in short term. Having said that, if we look at Daily Chart the trend is bullish in mid-long term, but in the short term we do not exclude a bearish consolidation before another rally. For Day Traders Setup is very simple, wait for pullback to take long position as shown on the chart. Money Management also seems interesting, with a risk of 2% we get a Risk/Return Ratio > 1:8 (not bad). 🔴 INTRADAY ANALYSIS How can we get to our Setup Area? ============================== Now we need to understand how META could reach our Setup Area, and it could do so simply in two ways: with a bullish scenario (Top and Impulsive Structure still in play) or with a bearish scenario (ABC Pattern in play), as shown on two chart below. Both of these two scenarios should be able to reach our setup area on the daily chart: Trade with care Like | Share | Comment
NASDAQ:METALong
by TheAnonymousBanker
5
SP500 Santa RallyIf you check our previous post on the SP500 here you'll see we called the top of the B wave in back in July and since then we've moved down in a leading diagonal to complete wave 1 of C, now we're in the middle of a sharp and fast wave 2 and we believe Friday just gone marked the top of the A wave of this wave 2, we're expecting a pretty quick decline for the B wave followed by a sharp rise to complete wave C of 2 in time for the 'santa rally' but we expect things to start turning sour pretty quickly as the new year approaches and this wave 3 of the larger wave C down will get nasty, very fast. So be sensible if you are looking to go long for the santa rally, don't get caught out with your pants down trying to squeeze every ounce of profit out of this counter trend rally, because when this turns, it's going to turn very quickly and will take no prisoners.
CME_MINI:ES1!Short
by RAA_Trading
Wave 3 in S&P500 materials indexThe S&P 500 Materials index set out an impulse move(1) in October last year and completed the up move move by Jan 2023. The index thereon was in a corrective phase throughout most of the current year until recent oct. low. The correction according to Elliot wave model can be categorized as a "flat". The constantly rising dollar index can also be linked to the underperformance of this sector throughout 2023. The projected wave 3 target for the index should be(min.) close to 600 zone(20% from current levels). Note*- This is not a buy/sell advice. The chart is for educational purpose only.
SP:S5MATRLong
by neeraj_2_sharma
TGGI WEEKLY CHART ANALYSISThe weekly time frame looks bullish as it breaks upward in Bollinger bands. However, it is taking resistance at.0072. Once it crosses above .0072, almost upward territory will open (approximately 169% returns). Further crossing above .0186, still 57% upside is left. Below, look at the RSI (refer to the yellow arrow); it is also above 60, which looks bullish and ready to move upward, which is also a positive sign for trading in this stock. Read more at : evtsn.com
OTC:TGGILong
by eventseernews
2
Tesla $500 is bull run target 📌 It's very simple analysis based on supply and demand Present micro 📌 it's clear move high and high 💰 with low and high slowly shifting it's pattern to bull side 😛 Present left side 102 BARS haven't broken yet Even the last High and low was wasn't broken yet But Reach $325 sign ☢️ left side lowe high was broken We will see selling and correction pressure when NASDAQ:TSLA reach $320-325 then I will update here what's the correction target was Let's talk about macro analysis ⏰ It's completely going in p03 Already bull entered into left side distribution zone 📌 🙄 broken Basically left side p01 easily broken 😂 but still PPL think $100-150 below it comes Basic sence 6M close postive present price ( PA ) broken High level zone trading there any time easily broken Expecting $500-530 Catch 🫴 time correction Invalid 📌 when it back to 1st High lower below 📍 DYOR Support and follow article so I will update you 😜 Anything keep comments and even more drop ur question ❓ to private box ☑️
NASDAQ:TSLALong
by raj5_7_5
11