Dow Jones fell more than 150 points on Friday after weak consumer sentiments added concerns about the health of the US economy.
Week ahead
The spotlight will be on speeches by several Fed officials and retail trade data, followed by industrial production and several housing indicators.
It will be interesting to watch, how markets will perceive the clean sweep...
#nifty:- Are we heading for an ATH in nifty?
“Alternate Projections of the AB = CD Pattern Although the AB=CD pattern is a great set-up when each leg equals the other exactly, there are many situations where alternative Fibonacci calculations are required to clearly define the Potential Reversal Zone. Although there might be a clear pattern developing, it is not...
Bitcoin BTC bull market golden cross, 5-day moving average MA10 crosses MA100 golden cross, this golden cross also appeared golden cross signal in the past bull market, 2012 bull market golden cross, 2015 bull market golden cross, 2019 bull market golden cross, 2020 bull market golden cross Fork, 2023 bull market golden fork again, such an obvious signal is right...
Bitcoin BTC symmetrical ascending triangle, the daily low point is getting higher and higher, the bottom price is rising, the green trend is the low point trend line, according to the trend rule, it will break through the red trend line, and then reach a new high price, within the triangle is a shock, until If you break through the red trend line above, you can...
Why the Mexican Peso Surged Against the USD?
On Wednesday, the US dollar decreased in value against other major currencies, including the Mexican peso, by over 1%, due to reports of slower than expected US inflation. This suggests that the Federal Reserve may pause its interest rate hikes. According to data from the US Labor Department, inflation in April...
Cheers to all traders out there!
Today we are kicking off our OKXIDEAS Trade Ideas contest!
All you need to do is publish a trading idea with the tag " OKXIDEAS " and make it go viral!
The top 10 best and most popular submissions will share a 13 ETH Prize Pool + Trading View Premium plans + OKX Product Partnership Wildcards!
1st Prize
2 ETH
1 year...
Scenario 1:-
The ARB price has broken support and is at re-testing levels(1.1145 -1.1372) , indicating a potential long-term buying opportunity between 80-90 cents.
Scenario 2:-
However, traders should remain cautious as there is a possibility of fake breakdown. The setup would be invalidated if the price gives 2 daily candle closings above 1.1145 -1.1372.
With...
ADA Head and Shoulders Pattern: Is it a Bearish Breakout Opportunity?
What is a Head and Shoulder pattern ?
It is formed by three peaks, with the middle peak being the highest (the "head") and the two outer peaks being slightly lower (the "shoulders").
The pattern is completed when price breaks below the "neckline," which is a support level that connects the...
NSE:NIFTY
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain...
1.After listing rally stock formed good base with volume contraction ( first mature base)
2.Now stock trading in range from last breakout high ( forming second mature base)
3.Now closing above 530 with good volume will trigger next upmove
4. Stop loss - closing below upword slanting trendline
5. Target - 574/610/680+
"It is impossible to predict with certainty the exact date when Treasury will be unable to pay the government's bills," Treasury Secretary Janet Yellen said in a letter to Congress. Although Yellen noted a tentative date of June 1 as the due date to help spur lawmakers into action.
While it is highly unlikely that the US will default on its debt, this doesn’t...
Escorts, a leading company in the auto sector, has shown a significant price movement as per the wave theory.
The price movement from June 2022 to December 2022 indicates the completion of an impulsive wave of 12345. It is a well-established principle in Elliott wave theory that after the completion of a five-wave sequence, the index or stock tends to experience...
METRO BRANDS has recently completed wave 4 with a triangle formation, indicating a potential move towards wave 5.
Traders may consider entering a position in the range of 815-830, with target levels at 976 and 1107. It is important to note that trading carries a risk of loss, and a stop loss at 765 is recommended to limit potential losses if the trade moves...
The trend is UP and Trend Breakdown point is 18090.
See the Trend and do not Assume anything. This is just a probability of occurrence. Resistance to weekly levels is necessary to SELL
NSE:AXISBANK1!
completed shark harmonic pattern
buy above only 846 add more 824 closing sl 814 below target will 884-895-907
then this is area to check 5-0 harmonic pattern conditions
if reversal candle ,sign, seen in this area then will retest for double bottom (820-817)
if no reversal sign seen on this area and show strength with marubozu or gap up then next...
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price sustain below it then it...
![NIFTY: Simple Trade Setup | NIFTY | 09-05-2023 [INTRADAY]](https://s3.tradingview.com/g/gplTXyKm_mid.png "Simple Trade Setup | NIFTY | 09-05-2023 [INTRADAY]")
![NIFTY: Simple Trade Setup | NIFTY | 02-05-2023 [INTRADAY]](https://s3.tradingview.com/8/85vDD8Fd_mid.png "Simple Trade Setup | NIFTY | 02-05-2023 [INTRADAY]")