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Support and Resistance

Unbelievable profit!!!hello guys We have come with the introduction of this coin, which we think can grow a lot. After bottoming in weekly and daily time, this coin gives us this signal that it wants to grow big. Now, according to the price, we suggest you to buy a step. Now is the time to buy one step, and in case of modification, we have determined for you that it is suitable for buying two more steps. The targets have also been specified that we drew for you. If you like this analysis, please support us with like and comment
Long
by TheHunters_99
2
Bears Could Be Shopping at TargetTarget dropped sharply last month. Now, after a rebound, some traders may see further downside in the retailer. The first pattern on today’s chart is the bearish gap on November 20 after earnings and revenue missed estimates. TGT stalled last week after retracing half the decline. That may suggest a downtrend is in place. Second, prices are peaking around the same zone where they bottomed in August. Has old support become new resistance? TGT has also tested its 21-day exponential moving average but remained below it. Next, stochastics have hit an overbought condition. Finally, the 50-, 100- and 200-day simple moving averages (SMAs) moved sideways near each other for about two months. But now they’re lining up and falling into order with the faster SMAs below the slower. That may suggest the longer-term trend has become more bearish. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:TGT
by TradeStation
Nasdaq Futures Analysis: Key Levels and Strategies for New HistoStart your week with an in-depth analysis of Nasdaq futures for Monday, December 16, 2024. Here's what you'll gain: 📈 Market Momentum: With new historic highs, the Nasdaq remains in a strong uptrend across all major timeframes. 📊 Key Levels to Watch: Identify precise zones for long and short entries, including critical areas like 22,160 and 22,108. 🎯 Strategic Insights: Learn how to approach trading during a contract rollover, with actionable plans for both bullish and bearish setups. Whether you're refining your trading strategy or seeking fresh opportunities, this analysis is your guide to navigating today's market with confidence. 🔗 Subscribe now for expert trading insights, daily updates, and actionable strategies to elevate your trading game!
CME_MINI:MNQH2025Long
by BinvestorsTrading
EUR/CHF Day Trading Analysis With Volume ProfileOn EUR/CHF , it's nice to see a strong buying reaction at the price of 0.92860 and 0.93450. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Weekly POC, Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
Intraday Levels for Nasdaq 100 Futures - 12/16/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
2
USNAS100 / Bullish Momentum...Technical Analysis The price still trades at the bullish area, it seems to continue in the bullish area toward 22020 especially if it closes 1h candle above 21900. So as long as trades above 21770 and 21900, it will be bullish to get 22020 and 22200. Otherwise, it should break 21770 to be a bearish trend till 21630. Key Levels: Pivot Point: 21900 Resistance Levels: 22020, 22200, 22450 Support Levels: 21770, 21620, 21520 Trend Outlook: - Consolidation between 21770 and 21900 - Bearish Momentum with stability below 21530 - Bullish Momentum by stability above 21900
OANDA:NAS100USDLong
by SroshMayi
Technical Analysis for Gold Spot/USD (1-Hour Chart) Current Market Overview Current Price: $2,659.07 Market Trend: Mixed with a recent bearish move, but a recovery seems to be emerging. Key Support and Resistance Levels: Support: $2,624.09 and $2,613.26 Resistance: $2,686.70 and $2,725.84 Bullish Scenario Technical Factors Price Action: Price shows a rebound after testing the NY Midnight Open near $2,653.70. Bullish candles are starting to form on the right side of the chart, suggesting a potential reversal. Volume Profile: Delta volume is indicating positive activity at lower price levels, hinting that buyers are stepping in near $2,653 and below. Indicators: The pink shaded bearish momentum (likely a short-term EMA cloud) appears to be weakening. Price is attempting to push above this bearish cloud, which could act as a trigger for further bullish momentum. Support Zone: Strong support exists near $2,624 to $2,613, where price previously reversed on Dec 6th and 10th, as seen by the green demand zone. Probable Entry Points Entry: Around $2,655 - $2,660 once price consolidates above the NY Midnight Open ($2,653.70). Confirmation: Look for price closing above $2,666 (the nearest mini-resistance). Take-Profit Targets Short-term TP1: $2,686.70 (key resistance zone marked by 16% delta volume). TP2: $2,710 - This is a zone where previous bearish pressure emerged. Extended Target: $2,725.84 (higher timeframe resistance). Stop-Loss SL: Below $2,650 or $2,645 to minimize risk. Bearish Scenario Technical Factors Price Action: Despite the current bounce, the overall structure remains bearish, with lower highs forming after the drop from $2,725.84. Bearish momentum (pink shaded region) remains active on the larger downtrend. Volume Analysis: Negative delta volume around $2,686.70 suggests sellers are still defending that level. Resistance Zone: $2,666 to $2,686 is a key supply zone; a rejection here would confirm bearish continuation. Moving Averages/EMA Cloud: Price has yet to break convincingly above the pink bearish cloud, meaning the trend still favors sellers. Probable Entry Points Entry: Near $2,666 to $2,670 if the price fails to break above resistance. Look for rejection candles. Confirmation: Bearish engulfing or a sharp pullback below the NY Midnight Open ($2,653). Take-Profit Targets Short-term TP1: $2,640 (previous swing low). TP2: $2,624 - This level is the lower support zone with previous demand. Extended Target: $2,613 - A breakdown of this level could lead to further bearish momentum. Stop-Loss SL: Above $2,675 or $2,680 to protect against a bullish breakout. Summary: Trading Plan Scenario Entry Zone Stop-Loss Take-Profit Targets Bullish $2,655 - $2,660 Below $2,645 TP1: $2,686.70, TP2: $2,710, TP3: $2,725 Bearish $2,666 - $2,670 Above $2,675 TP1: $2,640, TP2: $2,624, TP3: $2,613 Conclusion Bullish Bias: If price sustains above $2,666 and breaks resistance near $2,686, a bullish move to $2,710 - $2,725 could unfold. Bearish Bias: Rejection at $2,666 - $2,686 would likely lead to a pullback targeting $2,640, $2,624, and potentially $2,613. Recommendation: Wait for confirmation around key levels ($2,653.70 and $2,666) before entering a trade. Use proper stop-losses to manage risk.
FX:XAUUSD
by ProspireWealth
SOLANA BULL FLAG BULLISH MOMENTUM!!!!The Solana (SOL/USD) chart shows a Bullish Flag pattern, which is a continuation signal that forms after a strong upward move (flagpole) followed by a short period of consolidation in a downward-sloping channel (flag). The yellow trendlines mark this consolidation area, and if the price breaks out above the resistance line, there's a solid chance for a big move up. The target is calculated based on the length of the flagpole, with a potential gain of 58.68%, aiming for around $311.17 (Fibonacci 161.80%). If the bullish momentum continues, the next target is $366.55 (Fibonacci 224.00%). The green zone highlights the reward potential, while the stop-loss at $182.64 limits risk to 6.62%, giving a solid risk-to-reward setup. With the main trend still bullish and strong support near $195.59, a breakout could signal the continuation of Solana's uptrend. 🚀 #Solana #BullishFlag #CryptoAnalysis #SOLUSD #Trading
COINBASE:SOLUSDLong
by anandahaidarr
TradeCityPro | ZROUSDT Analysis Is It DeFi’s Turn to Shine👋 Welcome to TradeCityPro Channel! Let’s dive into the analysis of ZRO, one of the popular DeFi coins. Recently, it has broken out of its consolidation range, signaling potential movement in the coming week. 🌍 Bitcoin Overview Before diving into ZRO, let’s take a quick look at Bitcoin. Last night, BTC finally broke its 103,504 resistance, reaching a new ATH of 106,488.25! Bitcoin dominance also ticked green, albeit mildly, allowing a few altcoins to move alongside. However, this Bitcoin leg-up is likely to maintain dominance growth. 📅 Weekly Timeframe Analysis ZRO is relatively new, with only 26 weekly candles in its history. It’s a coin that distributed a portion of its tokens via airdrops to active users within its blockchain ecosystem. Unlike other airdropped tokens, ZRO experienced less sell pressure and consolidated for about 20 weeks, providing excellent liquidity-building opportunities for us. Recently, it broke out of this box, indicating potential for further upward movement. The weekly candle that closed last night reflects strong buyer presence despite some selling pressure. It’s a good buying opportunity with stop-buy entries and stop losses at 5.108 (risky) or 3.016 (safe). 🌞 Daily Timeframe Analysis On the daily chart, ZRO recently broke the 5.033 resistance and formed a new resistance at 7.192, from which it faced a strong rejection. Unlike many other altcoins still stuck in corrective zones, ZRO has already returned to its recent highs. After breaking 7.192, you can consider buying on this timeframe with a large stop loss at 4.068 or wait for consolidation at the daily range’s bottom before entering for a mid-term hold. For added security, move your ZRO holdings to decentralized platforms and participate in the DeFi ecosystem to maximize benefits. It’s important to watch for confirmation of the 7.192 breakout. Although volume increased during bullish moves and decreased during corrections, a strong breakout needs to be accompanied by high volume. The breakout of 65.45 RSI could also act as a strong trigger for momentum entry. ⏰ 4-Hour Timeframe Analysis For futures positions, a strong resistance level has formed on the 4-hour chart. Breaking this resistance would provide clear triggers for the week ahead. 📈 Long Position Trigger breakout above 7.012. The recent rejection strengthened the importance of this level. After breaking this resistance with increased volume, opening a long position becomes a viable option. 📉 Short Position Trigger At this point, I’m not considering short positions. However, if the ascending trendline breaks, I’ll reconsider. For now, I’ll continue searching for lower-level long triggers in case buyers temporarily lose strength. 💡 BTC Pair Insight Against BTC, ZRO has shown strength recently, moving toward its range high. A breakout above 0.00007239 would set the stage for significant upward movement relative to BTC. This could lead to even greater performance in its USDT chart. 🎯 Summary ZRO’s breakout from its consolidation range, coupled with strong buyer activity, suggests an exciting opportunity for both spot and futures traders. Keep an eye on critical resistance levels and volume confirmations to secure the best entries. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
106
THE KOG REPORT THE KOG REPORT In last week’s KOG Report we suggested wanting to see the price dip into the lower support level and then give us the long trade back up into the target levels above as well as red box resistance. This worked well of us in the first two days of the week completing our bullish bias targets before mid-week. We then suggested traders continue to long rather than look for the short trade while we identify the key turning point for the ideal short trade, which as you can see during the week we did. This trade worked well for us completing not only our Excalibur targets but our bias targets, hot spots and of course opportunities to scalp using our indi’s. An extremely decent week in Camelot not only on Gold but the other pairs we trade, analyse and apply the algo to. Well done to our traders and team. So, what can we expect in the week ahead? This is going to be a simple one this week as it’s FOMC week. We’re looking at two key levels here, the resistance level of 2670-5 and the support level first 2640 and below that 2630. Ideally, we want to see price find a base and then push upside from the support levels giving us the trade long into that higher level where we will want to monitor the price action. If we see strong defence then with a confirmed set up, we feel a short is on to target the lower levels in another attempt to try and break 2600. As you can see if you zoom out, it’s just a big range of accumulation on a larger scale being played here, ranging sideways like this can only mean there is a move of great magnitude on its way which we as traders need to be prepared for. KOG’s bias for the week: Bullish above 2630 with targets above 2650, 2555 and 2667 Bearish on break of 2630 with target below 2610 and below that 2590 RED BOXES: Break above 2650 for 2657, 2660 and 2669 Break below 2640 for 2635, 2630 and 2610 We’ll use this report up until FOMC where we will publish a new report this week. So please trade carefully, expect some choppy and ranging price action and price to attempt to settle in a small range from Tuesday late session onwards. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
10
Is AUD/NZD Ready to Resume the Downtrend on the Daily Chart?Context on AUD/NZD Technical Factors On July 30 and November 22, the AUD/NZD pair encountered significant resistance, reaching the 1.1150 level. The price's failure to break above this resistance has resulted in the formation of a double top on the daily chart. The candle on November 22 also indicated a false breakout of this resistance, signalling a notable influx of selling pressure. On November 29, AUD/NZD broke below its nearest uptrend line on the daily chart, prompting a decline to 1.0925 before recently rebounding to 1.1050, the level where the uptrend line was breached. The current price level of 1.1050 aligns with the 50% Fibonacci retracement of the recent decline and represents the same area where the uptrend line breakout occurred. This suggests that once support is broken, it may serve as resistance going forward. Key Elements of Analysis for AUD/NZD: Double Top Formation: Indicates buyers’ inability to maintain prices above 1.1150. Break of the Uptrend Line: Confirmed decrease in upward momentum. Fibonacci Confluence: The breakout level coincides with the 50% Fibonacci level of the recent downtrend. Possible Short Entry Given this confluence of factors, there is a possibility that AUD/NZD may resume its downward movement in the coming days, especially if the price manages to close below 1.1000 on the daily chart. Possible Targets: The next support levels that could serve as potential targets include: 1.0880: This level acted as support in August and September, representing an approximate target of 120 pips. It is also in line with a rising trend line established since March 2020. 1.0780: This level was a support point on September 9, offering a potential target of approximately 220 pips. Alternative Scenario: Bullish Reversal An alternative scenario may unfold if the AUD/NZD breaks and closes above 1.1065 on the daily chart. In this case, the price could continue to rise towards historical resistance at 1.1150. A successful breach of this level could see the pair advance towards the next resistance at 1.1250. Important Considerations Investors should pay close attention to the upcoming release of New Zealand GDP data on December 18, as this could significantly impact the AUD/NZD pair. Additionally, key news concerning the Trade Balance for NZD should also be taken into account. In summary, AUD/NZD is at a critical juncture, with technical indicators suggesting the potential for a downward move. Traders should closely monitor price action, particularly around the 1.1000 level, while remaining aware of upcoming economic data that could influence the market. Disclaimer 74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Short
by Marketscom
Little bull call spread on StellantisI believe we are in the end of an accumulation. We had bad news lately about this company and his CEO. I don't want to own the stock, specially in this part of the economic cycle. This is purely a speculative trade. There is a divergence in the awesome oscillator marking a possible end of the bear trend and right after, a period of low volatility characteristic of accumulations as we can see in the multiple historical volatility oscillator below. A spring a few days ago confirmed there were strong buyers. Now we are against the trendline. So, I believe it's cheap (from ~€25 went down to ~€12,50) and it should make a bullish move shortly. Strategy: Bull call spread Expiration: 17 JAN 2025 (45 days to expiration) Legs = +2 calls 13 and -2 calls 14 Premium = 0.27 * 100 stocks * 2 q per leg = €54 Max gain= €146 Risk / Reward = 2.7 Commissions= €1.5 (only open) Break-even = From 13.27 (lower call + premium) Historical Volatility (45 days) = 35,85% Implicit Volatility = ~31% In English: If the underlying (the stock) arrives at 13.27 I start earning money. If it gets to 14 or if it surpasses this price, I get to the max reward. I can lose at the most €54 + commisions even if the stock goes to €1. The blue lines in the chart represent Breakeven, Max reward price and Expiration so I can follow the underlying. Now it's time to follow the DOM for each option. I hope this process of thought helps you in your trades, specially if you are now to options.
EURONEXT:STLAPLong
by NicolasRZ
Nifty searching for upward momentum. Nifty has again held on to the Motherline support of 50 Hours EMA today and if it is able to cross the resistance of 24698 more upside can be on the cards. In such a scenario the resistances on the upside in addition to 24698 will be at 24775, 24852, 24975 and finally 25147. The supports for Nifty on the lower side seem to be at Mother line of 50 Hours EMA which is at 24852, 24398 Father line support of 200 hours EMA, Mid channel support at 24290 and finally the support is at 24174. Below 24174 Nifty become very weak. Above 25147 there will be a parallel channel breakout and Bulls will become very powerful. The signs are positive and despite a negative day on the browsers shadow of the candle is neutral to positive for tomorrow. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTYLong
by Happy_Candles_Investment
EURUSD Nearest Target: SHORT before LONGOn the 5-minute timeframe, we can see a Market Structure Shift (MSS) around 1.05126, and the imbalance (iFVG) at 1.05171 has already been filled. While the weekly timeframe bias remains bullish, targeting 1.05952, this is a quick short-term move, so it won’t take much time. That’s why I call it "SHORT before LONG." My target is at 1.04925, as there’s a high probability the price will bounce upwards from that level. That’s where I’ll set my take profit (TP).
Short
by ryananggara
CUMMINS INDIA LTD Swing TradeHello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
NSE:CUMMINSINDLong
by OptionCallPro
COROMANDEL INTERNATIONAL LTD Swing TradeHello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
NSE:COROMANDELLong
by OptionCallPro
NYYKAA Long TradeHello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
NSE:NYKAALong
by OptionCallPro
PRESTIGE ESTATE LTD Swing TradeHello, Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum. Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend. Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios. Details is Mentioned in Chart, Read carefully.. .
NSE:PRESTIGELong
by OptionCallPro