Trade what you see and not what you think. Ignoring the ''bullish'' news. Simply because PA leaves clues. Right now it seems like a failed continuation play and it became a distribution.
Nifty Metal Index Now closed above 200 EMA on daily chart Support 8706 -8781 Keep watch it's component
NIFTY 50 is currently at a key level, presenting an opportunity for intraday traders. Based on price action analysis, we anticipate a short-term move to 23,300 before a potential further drop. Trade Analysis: ? Reasons for the Trade: 1️⃣ V-shaped recovery observed on a smaller time frame, indicating a potential short-term upward move. 2️⃣ Head and Shoulders pattern breakdown on the higher time frame, suggesting a retest of resistance before continuing downward. 3️⃣ Fibonacci Levels show that price is at a crucial support zone, aligning with the broader market structure. Trade Plan: ? Entry: Near the resistance retest zone. ? Target: 23,300 (short-term), with a possibility of further downside. ? Stop-Loss: Above the resistance zone to manage risk effectively. Traders should watch for confirmation before entering the trade. Stay updated with market sentiment and global factors for better risk management. ??
Daily chart show an impulsive upward movement, if this movement is valid signal for uptrend. Anticipate 50% retracement with 1:2 risk reward ratio. Stop loss below current low.
**Nifty 50 Daily Chart Analysis & Next Week's Outlook** ? Trend Analysis** - Nifty is still in a **downtrend**, trading within a **descending channel** (marked by parallel trendlines). - Multiple **sell signals** have appeared during the decline, but a recent **buy signal** suggests a potential short-term bounce. - The **price is currently near the lower channel support**, making this a **critical inflection point**. ? Key Support & Resistance Levels** | **Resistance 3** | **22,800 - 23,000** | Major breakout needed for bullish reversal | | **Resistance 2** | **22,600 - 22,700** | Short-term hurdle (trendline & Fib resistance) | | **Resistance 1** | **22,552 - 22,580** | Immediate level to watch | | **Current Price** | **22,552** | Trying to hold above 22,500 | | **Support 1** | **22,381 - 22,297** | Short-term support, must hold for bounce | | **Support 2** | **22,166 - 21,806** | If broken, sharp downside towards 21,800 | ? Indicators & Momentum** 1. **Trend Meter** → Still showing **weak bearish trend**, but some green bars indicate possible relief rally. 2. **ADX & Strength**: - **ADX (Blue) is rising** → Trend strength increasing. - **DI+ (Green) trying to cross DI- (Red/Pink)** → If successful, a short-term uptrend may start. 3. **Cumulative Delta Volume**: - Still showing **negative cumulative delta**, meaning institutional selling is still strong. - If buyers step in, we may see a **short-term bounce**, but it needs confirmation. ? Fibonacci Retracement Zones** - **22,600 is a key Fib level** (0.236 retracement). - If Nifty breaks **22,600 with strong volume**, it can move toward **22,800-23,000**. - Failure to break **22,600** could lead to another **leg down towards 22,166-21,800**. ? Next Week's Expected Scenarios** | **Scenario** | **Probability** | **Key Level to Watch** | | **Bounce towards 22,600+** | **Moderate** | Needs to stay above 22,381 | | **Break above 22,600 → 22,800 next** | **Low-Moderate** | Needs strong volume & ADX > 25 | | **Rejection at 22,600 → Retest of 22,297** | **High** | If selling pressure remains | | **Break below 22,166 → Drop to 21,800** | **Possible** | If weak bounce fails | Key Takeaways** - **Immediate hurdle at 22,600** → Breakout needed for upside. - **If rejected at 22,600**, Nifty may test **22,297** or even **22,166**. - **A strong bounce can push towards 22,800-23,000**, but only if volume supports.
ORDI/USDT Long Setup Reason: Break of Internal Structure. Strong Bullish Momentum. Resting on Major Support. Taken All possible Liquidity. All technical indicators suggesting Strong bullish Wave Best Regards, The Panda BINANCE:ORDIUSDT OKX:ORDIUSDT BITGET:ORDIUSDT.P MEXC:ORDIUSDT.P BLOFIN:ORDIUSDT
SPX is currently at a key support zone, showing signs of bullish rejection. A potential long opportunity exists if a strong bullish candle forms, confirming the rejection. Trade Plan: ? Entry: Around the highlighted support zone, once a bullish confirmation appears. ? Stop-Loss (SL): Below the rejection candle to minimize risk. ? Targets: Scalping Target: Small resistance area (~5,815) Medium Target: Next key resistance (~5,880) Swing Target: Major resistance (~6,000) If the price fails to hold the support and breaks below, we might reconsider the bullish bias. Keeping an eye on market sentiment and fundamentals is crucial. Let me know if you need any modifications! ??
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # BJs Wholesale Club Holdings Stock Quote - Double Formation * A+ Set Up)) | Completed Survey At 34.00 USD * 012345 Wave Feature & Entry Bias| Subdivision 1 - Triple Formation * ((Triangle Structure)) | Continuation Area | Subdivision 2 * 0.618 Retracement Area | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) * (Uptrend Argument)) & Pattern Confirmation * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
Faced with the complex and ever-changing international situation, geopolitical conflicts and economic data fluctuations, as a qualified trader, he can always unravel the mystery, predict the trend of gold prices from the macroeconomic pattern, and skillfully grasp the timing of entry and exit. In the field of gold trading, his forward-looking analysis of industry trends and in-depth research on corporate fundamentals help tap potential markets and avoid potential risks. If you are interested, you can leave me a message and follow me!
https://www.tradingview.com/x/9p9JTxy4/ Take a look at our analysis for USDJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 148.026. Taking into consideration the structure & trend analysis, I believe that the market will reach 146.677 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!