Market indices
Nasdaq Pending Short: previous wave 4 as resistance This idea is complementary to the S&P500 pending short idea. I've labelled the waves slightly differently but it doesn't impact the forecast for it's still the same expectation of a last wave. I purposely left it as a different count as comparison.
I would start building a short position around 20300. Stop above purple Fibonacci extension level.
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This week, the DXY was quoted at 100.0471. Technically, the index is in a downward channel. Focus on the resistance level of 100.8500. If it breaks through this level, there is a good chance of an upward movement; otherwise, it may test the recent low point. In terms of trading operations, it is recommended to mainly take short positions during rebounds. Trade with a small position size and also pay attention to the changes in economic data and the trade situation.
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sell@100.5000-100.2000
TP:99.5000-99.0000
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Wave V in PlayThe market appears to have completed a corrective wave IV, forming an ABC structure that tapped into the key demand zone around 20,025.1. This zone aligns with previous structure support, the lower boundary of the ascending channel, and a critical trendline.
🔍 Likely scenario:
If price holds above this level, we could be witnessing the beginning of wave V, with potential targets near 20,254.5.
Wave V is expected to unfold in 5 smaller internal waves and may extend further if price breaks through the mid-channel resistance.
🚨 🔺 CRUCIAL LEVEL TO WATCH: The 20,215 area is extremely important. Price reaction here will be decisive:
A strong rejection could signal a truncated wave V or the start of a deeper correction.
A clean breakout would confirm bullish continuation toward 20,254.5 and beyond.
🟢 Key Zones:
📌 Demand: 20,025 – 20,000
📌 Critical Resistance: 20,215
📌 Wave V Target: 20,254.5
📌 Invalidation level: A drop below 19,975 would invalidate the current bullish count.
📌 Trade Plan:
Look for bullish confirmation at 20,025 to consider long setups.
Watch 20,215 closely for signs of strength or rejection. If price breaks above it with momentum, continuation is likely.
NASDAQ SELL?This is just a rough idea, I still need to wait and see where the market moves to and rejects from in order for TP and SL placement.
But, there is a Asian high, a London high and a NY high sitting closely together, causing what I call a liquidity pool, and we all know that liquidity moves the market. its like a magnet for the market.
so I'll be waiting and watching to see which session is swept and how the market reacts. But all in all, this is what i personally think Nasdaq will do
what are your thoughts? I would love to hear them.
I hope you all have a fantastic week and you rake in those profits.
God bless
J.D.L
NQ: Upcoming Weekly Analysis!FA Analysis:
1- Macro economic Indicators: Most data came red and few were inline confirming the slowing down of the economy.
2- Inflation data came better than expected.
3- Trump Tariffs: Strong rumors about deals underway from this week. The 90-day pause will become an indeterminate pause.
4- We have the FED this week. Nothing in terms of immediate rate cut, but the conference is very important for the looking forward.
5-ISM Services data is important.
From FA perspective, market is focusing on Tariffs deals. If it materializes, the ST outlook will change from Sell to Buy. MT and LT Outlook will stay Sell.
TA Analysis:
Weekly TF:
The weekly close was bullish and price retraced more than 61.8. This could be the end of this wave.
The FED and/or the tariff deals will give the signal for either the start of wave 3 or a continuation up. Until then, a consolidation is expected.
Daily TF:
Same as weekly... a bullish daily close. A consolidation is expected until the FED.
Happy and green week to Everyone!
Bearish reversal off overlap resistance?USTEC is rising towards the pivot and could reverse to the 1st support.
Pivot: 20,418.65
1st Support: 19,265.30
1st Resistance: 21,137.24
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal?US Dollar Index (DXY) is rising towards the pivot and could reverse to the 1st support.
Pivot: 100.51
1st Support: 97.85
1st Resistance: 101.83
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
PineScript v6: Conditional Expressions from Libraries
I thought it appropriate to make some quick notes on calling conditional expressions from PineScript v6 libraries, seeing as I have recently updated all of my libraries to v6 and most of my function exports output booleans or values that are ultimately derived from other functions that output booleans.
When calling functions in v6 that output booleans or values derived from other functions that output booleans, it is best practice to first declare the function return globally before you use said output as input for anything else.
For example, instead of calling my swing low and uptrend functions (which both return booleans) as part of a broader conditional expression:
//@version=6
indicator('Example Conditional Expression 1')
import theEccentricTrader/PubLibSwing/3 as sw
import theEccentricTrader/PubLibTrend/2 as tr
uptrend = sw.sl() and tr.ut()
plotshape(uptrend)
I would first declare the function returns as global variables and then call the broader conditional expression using said variables:
//@version=6
indicator('Example Conditional Expression 2')
import theEccentricTrader/PubLibSwing/3 as sw
import theEccentricTrader/PubLibTrend/2 as tr
sl = sw.sl()
ut = tr.ut()
uptrend = sl and ut
plotshape(uptrend)
This demonstrates different behaviour from v5, where you could combine functions that output booleans in conditional expressions without error or warning.
The same also applies to functions that output values derived from other functions that output booleans. In the example below, my swing low price and bar index functions output float and integer values, respectively, but these values are derived from the swing low function, which is a function that returns a boolean. So these return values should also be first declared globally for later use, just like the swing low and uptrend functions:
//@version=6
indicator('Example Conditional Expression 3', overlay = true)
import theEccentricTrader/PubLibSwing/3 as sw
import theEccentricTrader/PubLibTrend/2 as tr
sl = sw.sl()
ut = tr.ut()
slp_0 = sw.slp(0)
slpbi_0 = sw.slpbi(0)
slp_1 = sw.slp(1)
slpbi_1 = sw.slpbi(1)
if sl and ut
line.new(slpbi_1, slp_1, slpbi_0, slp_0, color = color.green)
Nasdaq Bullish Reversal in Play !!📈 NASDAQ Outlook: Bullish Momentum Builds Up
✅ Breakout Confirmed: Price action has broken above the descending channel, signaling a reversal from the previous downtrend.
📊 EMA Crossover: The 50 EMA is crossing above the 200 EMA (a golden cross), historically a bullish indicator.
🔼 Momentum Strong: Price is accelerating above EMAs with a steep upward trajectory, suggesting buyers are in control.
🔮 Potential Target: With sustained momentum, price could aim for the 21,000+ region in the short term.
If the price sustains above the 19,500 zone, dips could be considered buying opportunities in the current bullish structure.
DAX Correction Ahead! Sell!
Hello,Traders!
DAX is trading in a strong
Uptrend but the index is
Locally overbought so after
The retest we will be expecting
A local pullback and a
Bearish correction
Sell!
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EGX30 Chart AnalysisEGX30 stock has shifted gradually to a higher zone, reaching the 32,291.751 resistance line, the 32,344.197 resistance line, and the 32,422.866 resistance line, showing the buyers' dominance over the sellers. Additionally, the upward trend is because Egypt's blue-chip index EGX30 closed 0.7% higher, which led to a 1.6% increase in TMGH, which strengthened the fundamental analysis about the CBE's decision about cutting the interest rate and the advanced massive ads and negotiations initiated by TMGH with different aspects.
US30 Eyes 41,300: Bullish Momentum Builds for Major BreakoutTechnical Analysis: The US30 has established a strong support base at 40500, with major support at 40000 serving as a safety net. Price action shows an upward channel formation on the 4-hour chart, indicating potential trend reversal. The risk-reward ratio of 1.60 (500 points risk for 800 points potential reward) provides favorable trading conditions. Recent price action demonstrates higher lows, suggesting accumulation phase and bullish momentum building.
Sentiment Analysis: Market sentiment shows cautious optimism despite recent volatility. Institutional investors maintain bullish positions, particularly in technology and energy sectors. The AAII Investor Sentiment Survey indicates decreased bullish sentiment, which often serves as a contrarian indicator suggesting potential upside movement. Economic forecasts pointing toward a soft landing rather than hard recession support continued equity market strength.
Support and Resistance Levels: Entry zone established around 40500, supported by historical price action and recent consolidation patterns. Major support at 40000 provides clear stop loss level, limiting downside risk. Target of 41300 aligns with previous resistance zone, offering realistic profit objective before encountering major resistance at 41500. Multiple tests of support levels have created strong foundation for upward movement.
Trade Management: Entry: 40500 Stop Loss: 40000 (500 points risk) Target: 41300 (800 points reward) Risk/Reward: 1.60
Additional Considerations: Recent market correction has created oversold conditions, suggesting potential mean reversion toward higher levels. Institutional buying pressure remains strong, with increased volume on upward movements. Technical indicators suggest room for upside before reaching overbought conditions. The 2024 performance showing 12.88% gain supports continued bullish momentum.
The combination of strong technical setup, positive institutional sentiment, and clearly defined support/resistance levels presents a compelling case for longing US30 with 41300 target. The favorable risk-reward ratio and multiple confirmation factors enhance the probability of successful trade execution.
DXY Outlook: FVG Retest Complete — Is 105 the Next Sweep?DXY Weekly Forecast
In recent weeks, DXY dropped to the extreme demand zone, sweeping the lows around 98–99, before launching a bullish reversal and breaking through multiple minor highs.
Last Friday, price retested a daily Fair Value Gap — perfectly aligned with the NFP release — and held. Now, we may see some sideways consolidation at this level before continuation higher toward the 105.000 zone, where key liquidity sits above prior highs.
Bias: Bullish
Key Zones:
• Support: 102.000 (FVG / demand area)
• Resistance: 105.000 (liquidity target)
The structure is clean: bulls in control, as long as the FVG zone holds.
—
Weekly forecast by Sphinx Trading
Drop your thoughts in the comments.
#DXY #DollarIndex #USD #ForexAnalysis #LiquiditySweep #SphinxWeekly #FairValueGap #NFP #SmartMoney
NASDAQ YEARLY CHART Chart done on 03.05.2025
Nasdaq market conditions are very similar to the 2020 market conditions
as we can see for both years we had a drop in market price for the first few month, then the recovery happened as markets started to stabilize.
this looks to be the same with 2025 as trumps appointment into the white house has caused a similar effect
for the next year nasdaq looks to be bullish so that the US economy can adapt to the new changes.
this is a very basic analysis. if a more in depth analysis is needed. Please feel free to comment
US100 Locking as Bullish directionUS00 Structure Looking as strong Bullish Pattern,
Forecast from Mr Martin Date 02 May 2025,
US100 Price will looking as buy side recently price will break and catch the support after push to buy side the bullish structure continue to play out the next project would be a clean rally toward the top of the channel US100 is holding its bullish structure well,
Key Level to watch
Resistance level 20,500 / 21,000
Support Levels 19,500
you can find more details in the chart of you find this idea help or learned something new then leave comments Thanks for Regarding.
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