Bitcoin will accumulation please follow this chart tightly
NSE:BHARTIARTL Based on the price action and conviction, SHORT trade.
After one of the most extreme trading days for the US 500 index that we have seen since the pandemic of March 2020, a slightly uneasy calm has descended across markets this morning as traders await the next tariff updates from President Trump and his team of advisors. Right now it is still unclear whether President Trump would provide an opportunity for individual trading partners to reduce the penalty level or gain exemptions from the reciprocal tariffs that are due to go into force tomorrow. Traders are also on the lookout for any news from China regarding tariffs or fresh stimulus measures to support the economy, and the announcement of retaliatory actions from the EU are still on the horizon. What is clear, is that as this unfolds across the rest of today and tomorrow, being prepared for any volatility in the US 500 index that may appear again, with a trading plan, clear assessment of technical levels to deploy any potential stop loss and take profit orders, may well be a solid approach to consider. Technical Update: US 500 Index - Retracement Holds Decline During times of market turmoil, where sharp declines in the price of an asset are seen to reverse what was previously a strong phase of strength, traders will often focus on using Fibonacci retracement levels to identify potential support levels. Clearly, global equities have recently entered a period of uncertainty and aggressive price declines. However interestingly, the US 500 index has found support this week at a Fibonacci retracement level, which at least for now, has succeeded in holding declines, and is even starting to see attempts at an upside recovery materialise. https://www.tradingview.com/x/jlylB2yc/ Looking at the weekly chart of the US 500 index above, we can see the latest price capitulation tested 4791, which is equal to the 50% Fibonacci retracement of the October 2022 to February 2025 advance. Traders may now be asking ‘Do the latest price declines to 4791, represent the extent of the current liquidation in assets, and can upside now emerge again?’ It is currently impossible to answer this question with any true conviction as there is still much to be heard from President Trump regarding tariffs, which will likely dictate future market sentiment and price trends. However, monitoring important support and resistance levels over the upcoming trading sessions may help us gauge where the next potential directional moves may be seen in the US 500 index. Possible Support Levels to Monitor: Having tested the 4791 Fibonacci retracement level and seen a recovery develop from it this week, it may be suggested this remains an on-going downside support focus in price. As such, it may well be closing breaks of this level if seen, that could skew directional risks towards the potential of further declines. https://www.tradingview.com/x/jlylB2yc/ Therefore, closes below 4791 might be an indication that the recent weakness may carry further to the downside, prompting traders to look for possibilities of a more extended decline in price. This may in turn lead to tests of 4474, which is the deeper 62% retracement, maybe even further if this gives way. Possible Resistance Levels to Monitor: Having seen the 4791 support hold and prompt the latest recovery moves, some traders may well be looking for the potential of a more sustained recovery in price, even though much will depend on the reaction to any future trade war escalation or easing of tariff concerns. https://www.tradingview.com/x/jlylB2yc/ By calculating Fibonacci retracements on the latest US 500 index decline, we may be able to gauge possible target resistance levels if a recovery in price is to emerge. The 38.2% Fibonacci retracement of the February 2025/April 2025 sharp sell-off stands at 5313. This may be an interesting level to watch, as if it were broken on a closing basis traders may start to look for fresh attempts to push towards higher levels once more. In this case, the 50% retracement resistance level which stands at 5474, and the 61.8% level at 5635, could be relevant. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
one more wave down is likely to 4600 area. SPX should not get back to 5200 if this is correct.
A correction of the major bearish trend on SUI stopper around 0.618 Fib level. A continuation of the descending trend to Fib. 1 level is expected to happen
I tried to explain simply the things to pay attention to. * The purpose of my graphic drawings is purely educational. * What i write here is not an investment advice. Please do your own research before investing in any asset. * Never take my personal opinions as investment advice, you may lose your money.
Geopolitical Risks At present, USOIL has temporarily put a halt to its downward trajectory. Geopolitical risks are significantly influencing this shift. The U.S. sanctions on Iran's "shadow fleet" and the tariffs imposed on Venezuela have the potential to push up the risk premium due to possible supply gaps. The Middle East remains in a state of tension, with the Iran nuclear issue still unresolved. Any escalation of conflicts will undoubtedly impact crude oil supply, thus driving up oil prices. Although the Russia-Ukraine situation has shown signs of easing, the risk of Black Sea shipping disruptions could still cause a short - term spike in oil prices. For instance, if Russia undertakes large - scale military operations in the spring and summer of 2025, resulting in the interruption of Black Sea crude oil exports (currently at 3 million barrels per day), it will have a substantial impact on global supply. This complex geopolitical landscape is a key factor in halting USOIL's previous decline, as market participants factor in these uncertainties, leading to a stabilization of prices for the time being. OPEC+ Production Cut Expectations Currently, USOIL has put a hold on its downward trend. Although OPEC+ has announced an increase in production, some member states are firm in implementing the production cut agreement. Seven "OPEC+" oil - producing countries are implementing a production cut compensation plan from March this year to June next year. The monthly production cut compensation volume ranges from 189,000 to 435,000 barrels per day, offsetting the impact of increased production, supporting the expectation of supply tightening, and lifting oil prices. These OPEC+ actions contribute to the halt of the downward movement of USOIL. ??? USOil ??? ? Buy@59.5 - 60.0 ? TP 62.0 - 63.0 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates I've managed to turn 30K into 200K within 30 days. Join me, and you can achieve the same!
Waiting on this bullish #xauusd setup. Probably bullish to the end of the week
https://www.tradingview.com/x/6RuNlK2U/ My dear friends, Today we will analyse EURUSD together☺️ The recent price action suggests a shift in mid-term momentum. A break below the current local range around 1.09111 will confirm the new direction downwards with the target being the next key level of 1.08729.and a reconvened placement of a stop-loss beyond the range. ❤️Sending you lots of Love and Hugs❤️
Hi, got a bit of resistance here around the $73-$75 zone from previous times ago and currently and atop a bearish sentiment uncertain market environment. Will be looking to short to the $65 zone. $63 is a plausible target. wsl