US 30 Stuck at a support line around 43794 at Market Close. US30 has been resting on the support line at 43794 for the last 7 hours. We are currently in 2 shorts and hoping price breaks down past this support level to the second support below at 43360. If price does break the current support it will likely head down there to return in a week or two. Based on what's happening with the individual companies represented by the Dow Jones the sentiment is that US30 will continue to fall for now.
Take shorts as long as the market allows you to, but be mindful and prepared for a consolidation or market manipulation. Keep your risk low and follow the trend.
Let me know your thoughts!
Community ideas
Volume Profile: Why I don't trail stops!Two great examples happened this week on INDEX:ETHUSD and S&P 500 futures where price respected the Volume Profile level TWICE! This video is a tutorial on Volume Profile to demonstrate why it is a "cheat code" for finding GREAT LEVELS!
I do not trail stops because when I put a trade on I want it to be at a Support/Resistance: I wan price to HOLD that level. If it holds a GOOD level... it should hold it AGAIN! Just like these two did. You should never have to move your stop up from a Volume Profile level.
Google - Catch The 2025 Bullrun Now!Google ( NASDAQ:GOOGL ) is preparing for a strong year 2025:
Click chart above to see the detailed analysis👆🏻
So many confluences on Google are pointing to a strong year of 2025. First of all we have the resistance trendline breakout which we saw a couple of months ago and bears were also not able to significantly push price lower after we saw the retest of resistance. This is soo bullish.
Levels to watch: $220
Keep your long term vision,
Philip (BasicTrading)
Nvidia - Launching The Final Bullrun!Nvidia ( NASDAQ:NVDA ) can still rally another +40%:
Click chart above to see the detailed analysis👆🏻
After rejecting the channel resistance in June, July and August of 2024 and correcting about -40%, buyers immediately stepped in and pushed Nvidia much higher. There is a quite high chance, that we will see a final blow off rally, squeezing out the last remaining bears.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
BTC Update: What’s Next for Bitcoin?Bitcoin is heating up, and all eyes are on the next big move. Here’s what we’re watching:
If BTC climbs into the $105K-$108K range, we might see a small correction before it gears up for a push to $116K or higher.
But if it struggles and breaks below $105K, we could dip to $101K. A break below that level might bring some bearish vibes to the market.
This is a critical zone for BTC, and how it reacts here could set the tone for what’s next.
Want to dive deeper? Drop the name of your favorite altcoin in the comments, and I’ll create a video analysis just for you. Let’s figure out the market together!
Kris/Mindbloome Exchange
Trade What You See
Velodrome Finance: Key Levels and the Calm Before the Break!!Imagine standing at the edge of a quiet lake in the early morning. The water is still, but you can feel something brewing—a ripple, a shift. That’s where Velodrome Finance (VELO/USD) is right now, hovering around key levels, poised for its next move.
If the price dips to the 50% retracement at $0.23-$0.21, it could find the momentum to push higher. A deeper move to the 61.8% retracement at $0.1770 might still hold promise for a rebound, but if it falls below this level, it’s best to step back and wait for a clearer setup.
On the upside, the target is clear: $0.50. It’s a move that could bring big opportunities, but only if VELO holds strong at these key levels.
This is the kind of moment that defines trading. It’s not about rushing or forcing a move—it’s about watching, waiting, and being ready when the time is right.
Wellness Tip: When the market feels uncertain, take a moment to reset. Step away from the screen, stretch, or just close your eyes for a minute. Trading isn’t just about the moves you make—it’s about staying calm and clear-headed no matter what comes next. 🌿✨
Kris/ Mindbloome Exchange
Trade What You See
XRP’s Next Move: Can We Reach $2.80 and Beyond?Picture yourself on a calm evening, sitting by the window with a warm drink in hand. The day feels steady, yet there’s a sense of anticipation—you know something’s brewing. That’s where XRP is right now, inching closer to $2.80, a key level that could change the game.
If it breaks through, there’s room to climb—$3.18, $3.70, maybe even further. But if it doesn’t hold, the market might take a step back, correcting to $2.50-$2.40, or even slipping down toward $1.52 if the momentum shifts. It’s one of those moments where patience and focus matter most.
You can feel the energy in the market, a mixture of excitement and uncertainty. It’s like standing on the edge of something big, knowing it could go either way. But you’re not here to rush or panic. You’re here to watch, to analyze, to make your move when the time is right. Because trading, like life, rewards those who stay grounded in the moment.
Wellness Tip: When things feel uncertain, take a pause. Stand up, stretch, and take five slow, deep breaths. Remind yourself that every move in the market is part of a bigger picture—and you’re in control of how you respond. A calm, clear mind always makes the best decisions. 🌿✨
Trade What You See
Kris/ Mindbloome Exchange
Market Update: The Path Ahead for Bitcoin and AltcoinsCaution and Strategy
📈 Navigating the Bitcoin Effect: Understand how Bitcoin’s price movements impact the broader crypto market and influence altcoin trends like Tezos CRYPTO:XTZUSD
📍 Critical Levels to Watch: Key support and resistance levels to avoid false breakouts 🚫 and stay ahead of the market.
🧠 Mastering Market Psychology: Insights into why market narratives 🗞️ often lag behind chart patterns—and how to read 📊 the charts to stay ahead.
⏱️ Strategic Timing for Day Traders: Why waiting for the right confirmation signals ✅ can mean the difference between profit 💰 and loss.
⚠️ A Word of Caution: The realities of day trading—what it takes to succeed and why you should think twice 🤔 before diving in.
Cheers to 2024: Charting The Year with TradeStationJoin us LIVE with David Russell, Head of Market Strategy at TradeStation, as we take a comprehensive look at the market trends shaping the final months of 2024. In this episode, we’re focusing on election-related trades, end-of-year positioning, and a year-in-review to help you set up for a successful transition into 2025.
With the end of the year approaching, we’ll discuss critical strategies for navigating the final countdown of 2024, covering everything from political events to holiday market dynamics.
Here’s what we’ll cover:
1. End-of-Year Trades: Key strategies for positioning your portfolio as we head into the year’s end, including opportunities tied to the holiday shopping season.
2. Year in Review: A detailed look at the top-performing sectors and stocks of 2024, and the lessons we can learn from both the winners and underperformers.
3. Market Recap & 2025 Outlook: Important takeaways from this year’s market trends and how to apply those insights to set yourself up for success in the new year.
4. Holiday Events Impact: How major events like Black Friday, Cyber Monday, and the Christmas shopping season will affect consumer-driven stocks and overall market sentiment.
As we head into the final stretch of 2024, we’ll also be reflecting on the lessons learned throughout the year and looking ahead to opportunities in 2025. Happy holidays, and best of luck with your trades as we wrap up 2024 and head into a new year of possibilities.
This show is sponsored by TradeStation. TradeStation pursues a singular vision to offer the ultimate online trading platform and services for self-directed traders and investors across the equities, equity index options, futures, and futures options markets. Equities, equities options, and commodity futures products and services are offered by TradeStation Securities Inc., member NYSE, FINRA, CME, and SIPC.
See below disclosures for more:
www.tradestation.com
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SPDR Sectors Rolling Down as Anomaly Event Sets UpSPDR sectors appear to be forming a Head-n-shoulders pattern after the US elections.
It appears the markets are stalling into a congestion phase - possibly leading to my Anomaly breakdown event.
This video will help you understand how the financial and real estate sectors could collapse to deflate the current market trend.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Market Year Wrap With Gary Thomson: 2024 Market Insights & 2025 Market Year Wrap With Gary Thomson: 2024 Market Insights & 2025 Outlook
As we approach the close of 2024, it’s time to reflect on results and think of potential opportunities for the year ahead. Join Gary Thomson, the COO of FXOpen UK, as he sums up the key market trends that shaped 2024 and provides insights on what to expect in 2025.
- Inflation and Interest Rates
- Forex Market Trends
- Commodity Markets
- Stock Market Highlights
- 2025 Outlook
🌐 FXOpen official website: www.fxopen.com
CFDs are complex instruments and come with a high risk of losing your money.
US30 Continues to Fall. Likely to go to 43360 US30 Retested upper supports at 0500 and 0600 Hours. At that point we were looking for entries on an intraday short. Which we took. US30 is currently Falling and will likely hit 43369 area before looking to return bullish as the Dow Jones continues to show signs of weakness.
If you are already in a short you can hold it. If you want to get in on an entry price is quickly approaching a week support line at 43800. If it breaks this support, look for a retest for a clean entry.
If you are waiting for the Bullish trend we will be waiting at least 5 trading days at this point.
Let me know your thoughts!
BABA Shows First Bullish SignsBABA Shows First Bullish Signs
This week, BABA broke out from a bullish descending channel pattern, increasing the chances for an upward movement.
In the past, the price has reacted well several times in the current zone and from similar patterns.
📺You May Watch The Video For Further Details 📺
Thank you:)
Previous analysis:
SPY/QQQ Plan Your Trade For 12-13 : Carryover In ContertrendToday's pattern is a Carryover in Counter trend mode.
As you'll see in today's video, I'm highlighting many various new features and techniques to help traders understand price movement and context related to trading opportunities.
We need to understand how to target opportunities and how to avoid risks.
I had a long conversation with a subscriber yesterday - he's struggling to understand how to trade efficiently.
Trading is all about jumping on opportunities when they hit and trying to avoid risks and overtrading.
I see so many people try to trade everything that ticks - even when they should be sitting on the sidelines and waiting for better opportunities.
If you want to gamble with your trading account - throw a dart and pick BUY or SELL (RED or BLACK).
If you want to learn how to consistently target the best trade setups, then learn to WAIT for the best setups, execute your trades, then PULL PROFITS/EXITS as quickly as you can.
You should be able to trade only 2 to 3 times a day and do very well - if you don't get trapped in trying to WISH a trade into profits.
Remember, trading is unlike anything else you've ever tried. The more time you try to WISH something to happen, the more likely you are taking on excessive risks.
I'm working on new tools to help all of you develop better skills.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Nasdaq Futures Today: Key Levels and Winning Trading Strategies!Explore the latest analysis of Nasdaq futures for Friday, December 3, 2024, and stay ahead of the market. Here's what you'll discover:
📈 Bullish momentum: Analyzing the continuation of the uptrend with new historic highs and key zones for potential corrections.
📊 Key levels to watch: Detailed setups for long trades and areas of interest, including high-probability liquidity zones.
🎯 Intraday insights: Learn how to navigate the market during contract rollover and identify precise entry points for trades.
This video is perfect for traders aiming to refine their skills and make informed decisions in real-time market conditions.
🔗 Subscribe now for daily market insights and actionable trading strategies. Don’t miss this opportunity to boost your trading edge!
Possible 1000pip Projection For 2025Following up on our previous analysis of USDJPY, we’re now active on this trade. As the market unfolds, we’ll be looking for opportunities to scale in with additional positions.
Always remember, the market has the final say—it’s not about being right but about staying adaptable.
Ensure you’re applying proper risk management and stay optimistic. Keep an open mind and trust the process.
Stay tuned here for regular updates as we let patience lead the way. Ieios!