The Banknifty indicates a flat opening today, with the index currently hovering around 49050. Key levels suggest a potential breakout or breakdown scenario depending on market movement. On the upside, if Bank Nifty moves above the 49050-49100 zone, can look to long with targets at 49250, 49350 and 49450+. Conversely, a breakdown below the 48950-48900 level could trigger a bearish move, making downside with targets at 48750, 48650, and 48550-. The major support level lies at 48545, which could act as a strong demand zone if the index falls further. The current price action, the market is expected to open within this defined range, indicating a flat start. The direction for the day will be determined by whether Bank Nifty sustain above 49050 for a bullish rally or falls below 48950 for a bearish trend. Until then, sideways movement is likely, and should wait for confirmation before entering any trades.
I believe that by the end of 25’ is when you’ll see price moving back to ATH. I know moon boys want it to happen sooner, and it may. Until then, focus on stacking the bags because there will be plenty of opportunity to do it. This a realistic, conservative guesstimate on what it could look like. The rest of them are just lying to you.
My option about NZDUSD Is more bearish so that zone is good and strong restanice if the price comes to that zone it can pullback
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 6.0/61.80% Chart time frame: B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: A A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Market news: The London gold price rose by more than 1% on Tuesday, reaching a high of $2,936/ounce during the session, approaching the historical high reached last week again. The uncertainty of US President Trump's tariff plan has raised concerns about economic growth, prompting safe-haven funds to flow into international gold. The market is also paying attention to the talks between US and Russian officials in Saudi Arabia and the minutes of the Federal Reserve's January monetary policy meeting to be released on this trading day. Technical Review: Gold daily strong positive line once again challenged the previous high and closed with a big positive line. After the formation of the previous M top, it retreated and tested the MA10 daily moving average at 2877, then stopped at the 7/10 daily moving average and continued to maintain the opening and moved up to the 2910/2900 mark. The RSI indicator continued to run above the high 70 value, and the daily price structure was running in the bullish trend channel! The short-term four-hour chart formed a continuous positive price and re-stood on the 2900 mark. The MA10/7-day moving average formed a golden cross and opened and gradually moved up to 17/23. The price is running in the upper and middle rail channels of the hourly and four-hour Bollinger bands. Day trading ideas: intraday callbacks follow the trend of low-long layout, high-altitude assistance. Today's interpretation: Gold is currently in a slow rise. Judging from the current trend, the bull market pattern has not been destroyed. The daily line maintains a unilateral rise, and the MA5-MA10 moving average maintains a golden cross upward; the weekly line has risen sharply for seven consecutive days, strongly opening the upper Bollinger track space, and the bullish sentiment is high. Since the key point of 2906 has been successfully broken through and stabilized yesterday, the intraday situation is strong, and the operation still maintains a bullish idea of retracement! From the technical form of the small cycle, the support level is around 2913. It is worth noting that the 1-hour gold price broke through the 2913 position after the bottom shock and sideways trading. Since 2877, the lows have been continuously raised and the highs have broken upward. As long as the bulls do not lose the 2913 retracement support point today, the upward direction will not change. Unless the 2913 position is lost again in the future market, they will consider shorting. The bulls will pay attention to the 2940-42 pressure. Operation ideas: Short-term gold 2913-2915 long, stop loss 2904, target 2940-2950; Short-term gold 2948-2950 short, stop loss 2959, target 2920-2910; Key points: First support level: 2928, second support level: 2920, third support level: 2913 First resistance level: 2942, second resistance level: 2948, third resistance level: 2956
I've been waiting for a rocket to AMEX:SPY $630 but my monthly tells me that February wants to close red. Here is my daily with a fib that we cant seem to hold above although today we did close above once I have been waiting patiently in this box unlike others, I have constantly reiterated, don't try to be a hero inside of the box. Now that the Box seems to be pushing towards the upside, I can't help but notice we continue printing bearish candles regardless of direction. Today we closed with a Hangman, which begs the question, could we perhaps lean bearish for two of the most bearish weeks of the year in comparison? I'd like to think I'm not wrong here and we will get a spill before anyone gets an expected blow off top. Be careful out there, volatility remains present and the VIX was above the 50DMA last time I checked. If we can get this gap fill and start moving back up, I will be confident in the gap fill being bottom. Seeing as $593 AMEX:SPY alert for bottom never filled, I will have to assume it's still a possibility. Taz out.
What would you say if I told you that Bitcoin will no longer move below 90K? What would you say if I told you that Bitcoin is ready now, the market is ready now, to move ahead? What would be your reaction, one of belief or disbelief? To play it safe, technical analysts like myself tend to use generalizations when giving predictions, never committing to exact numbers or dates. We would say, "nobody knows, the market is impossible to predict." The market being impossible to predict is not what we are here concerned with. We want to know your opinion, that's why we read. I can reach my own conclusions, surely, I am smart. But, having input from different sources can help me with my own decision making, so I want to know what you and everybody else has to say. I say Bitcoin is bullish because it never closed below 90K since the previous advance. I say Bitcoin is bullish because the sideways consolidation phase is reaching its end. Let's say Bitcoin starts growing now, going up. It can still take days or weeks before Bitcoin closes above 100,000 or more. So the rise can start now but it will be mainly slow and steady growth, as usual, and later down the road bullish momentum builds up. Trading volume has been lower and lower and continues to drop. When volume comes to a halt, a major move is about to take place. Since we know the market is bullish, this move will be to the upside. 1B USDT minted. Bitcoin is going up. ➢ A NEW RECORD Last year, around March 2024, the media went into a frenzy celebrating all kinds of new records. Bitcoin hits the highest volume. Bitcoin hits new milestones, more transactions than ever; More wallets being used; more users; everybody is making money, etc. What happened after all this record setting? The positive records means the top. After March 2024, a five months long correction started. A new record signaled the top. We have the same now but in reverse. No market participants. Active wallets are in decline. Lowest volume in years, etc., etc. The negative records means the bottom is in. After the bottom is in, Bitcoin will start to grow. Get ready because we are on the verge of a major bullish wave, the 2025 bull-market. Thank you for reading. Namaste.
NZD/USD struggled above .5700 recently, but now that it’s pushed through, maybe the opposite will hold true. Price action around today’s RBNZ decision—where the bank delivered a third straight 50bp cut and flagged at least two more, possibly three—suggests it might. The post-decision dip below .5700 was snapped up quickly, casting doubt on the bearish signal from the three-candle evening star pattern completed Tuesday. If the rebound holds, minor resistance sits at .5723 (Jan 24 high), with a tougher test at .5750, where last week’s rally ran out of steam. A break there puts .5800 and .5888 in play. It’s too early to say whether the rising wedge pattern the Kiwi is trading in will be respected, but that’s another thing for longs to watch. The price has run a long way just while writing this, but dips towards and below .5700 look like solid long entry points, improving risk-reward while offering nearby levels for stops, like the 50DMA.Momentum indicators are flashing bullish, favouring dip-buying and bullish breaks in the near term. If NZD/USD were to close beneath the 50DMA, the bullish bias would be nixed. Good luck! DS
4H, 1H swing is bullish. 30M swing is bearish, current is pullback. The current price is in the supply zone of the 30-minute time frame. We can look for selling opportunities in this zone.
Short term Elliott Wave in S&P 500 (SPX) suggests that pullback to 5774.1 ended wave ((4)). The Index has resumed higher in wave ((5)) and broken above previous wave ((3)) peak. Wave ((5)) is in progress as a 5 waves impulse Elliott Wave structure. Up from wave ((4)), wave ((i)) ended at 5871.9 and pullback in wave ((ii)) ended at 5805.4. Wave ((iii)) higher ended at 5964.69 and pullback in wave ((iv)) ended at 5930.72. Final leg wave ((v)) ended at 6128.18 and this completed wave 1 in higher degree. Pullback in wave 2 unfolded as a zigzag Elliott Wave structure. Down from wave 1, wave ((a)) ended at 5962.92 and rally in wave ((b)) ended at 6120.91. Wave ((c)) lower ended at 5923.9 which completed wave 2 in higher degree. The Index has resumed higher again in wave 3. Up from wave 2, wave ((i)) ended at 6101.28 and pullback in wave ((ii)) ended at 6003. Up from there, wave (i) should end soon, and the Index should pullback in wave (ii) to correct cycle from 2.12.2025 low before it resumes higher. Near term, as far as pivot at 5774.1 low stays intact, expect pullback to find buyers in 3, 7, or 11 swing for further upside.