ETH 9RHigh risk ETH long trade.
Could be the bottom here but I suspect there is one more move down coming even if there is a bounce here.
Best to take profits and leave some running.
Chart Patterns
Bitcoin buy 96670Bitcoin declined to test support in 4 hr charts
At the same time on 2 min prices created gaping up separation
Buy on the retest
Let see if buyers can push price higher from here
To test 102 levels again
NVDA is coming backWent below the earnings low but the stock has a strong support around 127 and 132 range. Relative strength is pretty good and it seems like is trying to come back. The fundamentals are still good.
Therefore, I have this trade idea to buy the stock of the 130 with a very tight stop at 125 and my target is 165.
AMD has made its bottom and we will see a reversal to the upsideAMD has made a clear bottom and a double bottom on weekly. From here on, I expect it to reverse course to at leat 142 level. A good buy for both swing and long term as this is clearly a stock with great fundamentals and consistant positive earnings. This is also the best price to DCA if you already bought higher up. I expect it to go up before its earnings end of Jan or Feb 2025.
BTCUSD 1h UPDATE according to my analysis BTCUSD is going upBTCUSD 1h UPDATE according to my analysis BTCUSD is going up on 107,240 now BTCUSD
Price on 100,425
Entry poin 100,425
(Target1) 101,643
(Target 2) 102,641
(Target 3) 107,240
STOP 🛑 LOSE 98,015
Trade with your own risk
My first chart sport me and keep fallowing
AUD/USD "The Aussie" Forex Market Heist Plan on Bearish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Entry 📉 : You can enter a short trade anywhere,
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 2H period, the recent / nearest high level.
Goal 🎯: 0.62800
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
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Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
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Bitcoin Price Action: 12-Day Cycles ObservedIn this chart, Bitcoin's price action on the 4-hour timeframe reveals a repeating cycle occurring approximately every 12 days. Key observations include:
First Cycle (Nov 22 - Dec 5): A period of consolidation followed by a breakout, spanning 12 days and 8 hours with significant trading volume (~455.79K).
Second Cycle (Dec 5 - Dec 17): Another 12-day period with a similar breakout structure, supported by consistent volume (~446.68K).
Current Movement (Dec 17 - Dec 29): Bitcoin appears to be aligning with the same cyclical behavior, suggesting a potential breakout within this timeframe.
These patterns suggest that BTC may be following a structured rhythm, providing traders with actionable insights for timing entries and exits. The orange and blue trend lines highlight the broader ascending channel, while the white trend lines mark shorter-term consolidations within these cycles.
Does Bitcoin truly follow a predictable cycle, or is this coincidence? Share your thoughts and strategies below! 🚀
Are sellers in control?As we see further weakness in the S&P 500, does it indicate that sellers are in control? The current price structure implies that selling is continuing to come into the market including the opening of the Asia time zone. A parameter for us to pay attention to is how the sellers finish going into the weekend. We are approaching levels that we found buyers before. So, be cautious on the short side.
AUDJPY expected to rally to 98.825Strong bullish trend on the 1H followed by a break and retest of structure in addition to the Fibonacci rejection makes for a good probability trade
GOLD Bearish Breakout! Selll!
Hello,Traders!
GOLD is trading in a
Downtrend and the price
Made a bearish breakout
A retest and pullback
From the key level of 2620$
So we are bearish biased
And we will be expecting
A further bearish move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
$GNS Breakout pendingIt's hard not to be bullish on $GNS. Bitcoin reaching all time highs and a AMEX:GNS holding over 200 of them, having paid circa $93,500 for them provides an immediate return on that investment. I like what the company have planned for Jan 2025, with its education platforms.
At a price of less than a dollar per share, this appeals greatly to me. That combined with the chart set up. In a long downward channel, I expect any breakout to be violent. When you look at the daily, I see a bullflag forming. IF this is correct, my personal first target will be $2. Likely then a backtest before a lot more upside moving to ~$3.80.
The volume has been drying up, which is what we want to see in a bullflag.
At 70c this is a good gamble in my eyes.
I'll be waiting for either 2 daily closes, 1% or 3% break of trend for confirmation.
Not financial advice.
Gold analysis operationGold operation strategy reference:
Strategy 1: Short gold in batches near 2613-2615 in the early trading (buy decline), stop loss 6 points, target near 2600-2590, break to see 2580
Strategy 2: Go long in batches near 2583-2587 (buy rise), stop loss 6 points, target near 2600-2605, break to see 2615
AUDUSDA huge drop, three corrections, v-vofrmation and consolidation. If it closes below the white line on 5m time frame, it will be a sell sign for me for a tp 2
11R Tesla LongNice pattern setting up on Tesla.
As long as the price reaches the buy zone within the specified timing window I think this idea probably has a 40% chance of success, so great positive expectancy.
Chevron: Progress!Chevron has dropped decisively, significantly advancing our primary scenario. In this scenario, we expect the ongoing turquoise wave 2 to find its low just above the support at $135.37, which should set the stage for fresh upward movement. In the meantime, the probability of our alternative scenario has been reduced to 32%. Still, the possibility of an already established low of the turquoise wave alt.2 and, thus, a direct breakout above the resistance at $166.91 should be considered.
DOW JONES: 5 month Channel Up bottomed and 1D MA100 hit. BullishDow Jones turned bearish on its 1D technical outlook (RSI = 35.675, MACD = -65.830, ADX = 38.532) after yesterday's sharp drop due to the Fed announcing an outlook shift to 2 rate cuts in 2025 from 4 previously. Technically though that fall presents a unique long term buy opportunity as despite crossing under the 1D MA50, it managed to hit the 1D MA100 for the first time since Aug 8th while touching the bottom of the 5 month Channel Up. Today the price is showing the first signs of rebounding. The 1D RSI rebounding from below 30.000 (oversold) is also a great bullish indicator. The drop that resembles most December's is the first bearish wave of the Channel (July-August). When it recovered, the rebound hit the R1 level at first and that is our target (TP = 45,000).
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2024-12-19 - priceactiontds - daily update - daxGood Evening and I hope you are well.
tl;dr
dax futures - Neutral. Bears confirmed the sell-off and bears are hoping for a second leg down. I lean to closing tomorrow near 20000 instead of a big second leg down tomorrow but I am open to surprises. Anything above 20150 would surprise me.
comment : Bear confirmation and I got 2 measured move targets between 19750 and 19800. Can we get there tomorrow? Possible but not likely I think. We saw decent buying above 19900 and I think it’s more reasonable to expect a close of the week around 19950 - 20000. If bear gap from 20100 - 20200 stay open for the whole 100 points, it would show great bear strength and we could expect a bigger second leg down. Base case for me tomorrow is chop from hell.
current market cycle: trading range
key levels: 19800 - 20200
bull case: Bulls tried multiple times and market still closed the US session at the lows. Best bulls can hope for tomorrow is to prevent the second leg down and stay above 19900.
Invalidation is below 19900.
bear case: Follow-through selling by the bears which is nice. For now I think it’s more reasonable for bears to take profits going into quad witching and that’s probably why we saw a bigger trading range today. Look at the 1h 20ema and if it continues to be resistance.
Invalidation is above 20200.
short term: Neutral around 20000 and very bearish below 19900. I expect this week to close a bit below 20000 and anything below 19900 would surprise me.
medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 next week.
current swing trade: None
trade of the day: Chop chop. Best trade was probably selling the double top bar 54 (prev high was bar 35).
Mastering AUDUSD: Key Trading Zones Revealed for Optimal EntriesGreetings, traders! Welcome to this AUDUSDmarket analysis, where we focus on identifying higher-probability trading opportunities.
In this video, I start by analyzing the yearly down to the daily charts, highlighting key trading zones, and discussing the confirmations we look for to optimize our swing entries.
If you like the breakdown, boost the idea and follow to receive more ideas.
Trade safely
Trader Leo
Nasdaq 100: Make-or-Break Trendline SupportChart Analysis:
The US 100 Index has pulled back from recent highs but remains above its rising trendline (black), maintaining the broader bullish structure.
1️⃣ Rising Trendline:
The trendline, originating from the August lows, has been a key dynamic support for the index. Price is currently testing this level around 21,150, making it a critical area to watch.
2️⃣ Moving Averages:
50-day SMA (blue): The index remains above the 50-day SMA at 20,818, confirming short-term bullish momentum.
200-day SMA (red): Positioned at 19,438, reflecting a long-term bullish trend.
3️⃣ Momentum Indicators:
RSI: At 51.88, signaling neutral momentum, giving room for the index to either bounce or consolidate further.
MACD: The MACD line has turned downward, suggesting weakening bullish momentum but no decisive bearish crossover yet.
What to Watch:
A bounce from the trendline could signal a continuation of the uptrend, with immediate resistance near the recent highs around 21,600.
A break below the trendline may shift attention to the 50-day SMA or the 20,800 level for potential support.
The US 100 Index remains within a broader bullish structure, with the rising trendline acting as a critical support level for near-term price action.
-MW
NIFTY - Trading Levels and Plan for 20-Dec-2024Intro: Review of the Previous Day’s Plan
After a gap down opening, prices saw first phase of recovery but could not find follow on support and traded in a narrow range. Let’s analyze potential scenarios for today.
Plan for Different Opening Scenarios
Gap-Up Opening (100+ points above 24,014):
A gap-up above 24,014 places Nifty near the resistance zone or even at 24,103. The focus should be on observing price action for either a breakout or a rejection.
Plan of Action:
If Nifty approaches 24,227, monitor for bearish rejection signals (e.g., shooting stars or bearish engulfing patterns) to initiate short positions targeting 24,103 and 24,014. Stop loss can be placed above 24,250.
For a breakout above 24,227, wait for an hourly close and consider long trades targeting 24,300 or higher. Stop loss below 24,200.
Key Tips: For options, consider OTM calls if a breakout occurs. Hedge positions using vertical spreads to cap potential losses.
Flat Opening (Within 23,900-24,000 range):
A flat opening keeps Nifty in the sideways zone (yellow trend). Early market movement will determine directionality.
Plan of Action:
If Nifty sustains above 24,014, initiate longs targeting 24,103 and 24,227. Use a stop loss below 23,950.
If the index slips below 23,900, initiate shorts targeting 23,877 and 23,748 with a stop loss above 24,000.
Key Tips: A flat opening is ideal for option straddle/strangle setups. Close positions if volatility contracts or movement remains indecisive.
Gap-Down Opening (100+ points below 23,877):
A gap-down below 23,877 places Nifty near support or bearish breakdown zones. Focus on price action around 23,748 or 23,604.
Plan of Action:
If Nifty holds above 23,748, initiate long positions with targets at 23,877 and 23,961, keeping a stop loss below 23,700.
A breakdown below 23,748 opens further downside to 23,604. Initiate shorts below this level with targets at 23,500 or lower. Stop loss above 23,800.
Key Tips: In gap-down scenarios, avoid panic trades. For options, consider OTM puts or debit spreads for bearish strategies.
Risk Management Tips for Options Trading:
Never risk more than 2% of your capital on a single trade.
Use a mix of ATM and OTM options for balanced risk/reward setups.
Exit trades promptly if Nifty deviates from the expected plan.
Monitor implied volatility; avoid overpaying for options in low-volatility environments.
Summary and Conclusion:
Today’s plan revolves around key levels: 24,014, 23,877, and 23,748. The yellow trend indicates likely consolidation, the green trend highlights bullish potential, and the red trend shows bearish zones. Patience and disciplined execution are crucial for trading success. Let price action confirm your trades before entering positions.
Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions.
xauusd is buyGold has a rally to 2620 and this move started at 2593 which is a pullback to a major high from the downtrend line.
