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GoldViewFX - Gold long term projection and plan.Hey Everyone, This is our monthly chart long term projection chart. We have been tracking this chart since July, which we saw completed hitting all our targets perfectly with a perfect finish on the channel top. We the tracked the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still left at 1987 for a test, also inline with the channel half line. - THIS PLAYED OUT BEAUTIFULLY! We then suggested that we will see a reaction on this channel half line for another push up to retest the upper range again. - Once again this played out accordingly for the push up hitting our Bullish targets once again. However, the 2080 target was left short just by a few pips so can be considered still open. Trying to chase the right target is like chasing your tail. The best strategy to trade this, is by having a long term plan. We will continue to buy dips using our smaller timeframes and use the support ranges on this chart to plan our long term exposure to market. As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
FOREXCOM:XAUUSD
by Goldviewfx
2
Mastering the Art of Identifying Support and Resistance Levels📈 Mastering the Art of Identifying Support and Resistance Levels in Forex Trading 📈💰 ✅In the world of forex trading, support and resistance levels play a crucial role in understanding market dynamics and making informed decisions. These key levels indicate areas where the price of a currency pair is likely to encounter obstacles, either in its upward or downward movements. Being able to identify these levels accurately is a key skill that every forex trader should possess. In this article, we will delve into the intricacies of identifying support and resistance levels in forex and provide examples to enhance your understanding. Here are 2 supports that I spotted on Gold on a daily time frame. ✅ Identifying Support and Resistance Levels: Support and resistance levels in forex can be identified through various methods, including: 1. Price Action Analysis: Analyzing historical price movements to identify areas where the price has repeatedly reversed or stalled. 2. Trend Lines: Drawing trend lines to connect swing highs and swing lows to identify potential support and resistance levels. 3. Moving Averages: Using moving averages to identify dynamic support and resistance levels based on the average price over a specific period. And here is a perfect example of a key resistance on EURUSD on a daily. ✅ Examples: Example 1: Price Bounce Off Support Level In the chart of a currency pair, if the price consistently reverses or bounces off a particular price level, it indicates a strong support level. Traders can observe how the price reacts to this level and consider it in their trading decisions. Example 2: Resistance Turned Support Sometimes, a resistance level that was previously difficult for the price to break through becomes a new support level after it is breached. Identifying such levels can provide traders with valuable insights into potential reversal or continuation patterns. These are the intraday structures on GBPUSD on a 4H. Mastering the art of identifying support and resistance levels in forex trading can significantly enhance a trader’s ability to make informed decisions and improve overall trading performance. By incorporating these key levels into your analysis and decision-making processes, you can gain a deeper understanding of market movements and potential trading opportunities. Happy trading! 📊🔍
OANDA:XAUUSDEducation
by AnabelSignals
1
ETHEREUM will beat BITCOIN this time?GREAT WEEKEND EVERYONE Bullish on Ethereum primarily because of the ETH/BTC CHART. I am of the opinion that 2500 can come, which is also 0.618 fib from the highest peak to the bottom on June 24. We can discuss the enters: it's all up to you, enter DCA, enter now, wait for 200 Dma, 100 Dma, 0.5 fib. I am of the opinion that momentum is growing on the indicators and it may happen that we will not even reach those prices, my first entry is at 1940. Waiting for 1870 and then 1800. Liquidation under 1700
Long
by learnfromfailure
8
BITCOIN IDEASBitcoin is currently in the supply zone. In order for the trend to continue, we must leave a few days above 44000 to get confirmation. Exiting supply, we will first test the monthly level, which is at 45500, retest supply (which then becomes a big support) and go up. On the other hand, we have a huge liquidation at 40400, if the price fails to stay at these levels, there is a high probability that we will test 38500. Of course, a potential ending diagonal is created here as well as a Wyckoff top. Below I will post some of my analyzes for btc, if you wish, study further
BITSTAMP:BTCUSD
by learnfromfailure
2
THE KOG REPORTKOG Report: In last week’s KOG Report we said we would likely see the week start with ranging movement where if we saw the resistance levels hold above at 2060-65 we felt an opportunity to short the market would be available. We gave the initial level of 2050-55 and then on the break the level of 2030-35 with the weekly bias being bearish below 2075 with target levels 2055 and below that 2037. We suggested this level holding pre-event and then giving an opportunity to go long before NFP, which also worked out well. During the course of the week, we updated the reports giving the daily bias levels which were all completed, and then the NFP report on Friday. In this report we said if price went down in extension of the move into the 2025-7 and held, we saw an opportunity to long the market back up towards the 2062-5 where we said we may see a RIP and then on the flip short the market back down towards the 2035 level. The week couldn’t have gone better in all honesty, it was a complete point to point, level to level move again! Planned and traded just like we usually do at KOG. Both KOG Report plans and the NFP idea worked fantastically. Well done to those who followed, not only the plans but the daily and weekly bias targets which were shared for free, which all completed. So, what can we expect in the week ahead? For this week we will be looking at a similar plan to last week but we’re expecting a test up towards 2055 and above that 2070-80 level at some point. So, for that reason, if price holds the 2035-30 region in the early sessions of the week we feel an opportunity to long the market back up towards the 2055 and above that 2075-80 region is available. It’s at this level we want to monitor the price as breaking above this level will lead price to gather more momentum and go on to target the 2015-20 price point which we have highlighted on the chart. On the flip, if we start the week with a test to the upside and that order region holds that price, we feel an opportunity to short the market back down, not only into the 2030 level but below that into the 2010-15 region is on the cards. If there is to be a reaction in price it may well come from the lower level but only temporarily. This is something we need to be cautious of, as price holding these levels can entail a deeper move and attempt at breaking the 2000 level. KOG’s bias for the week: Bearish below 2070 with targets below 2030 and below that 2015 Bullish on break of 2070 with targets above 2075 and above that 2085 It’s the first week back with common volume, so please be carful this week as it is likely to be choppy and the price will whipsaw, not only on Gold but most pairs. As usual we will update the plans throughout the week and also release KOG’s daily bias and levels. Please do follow and keep track of them as they have proved to work extremely well! 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
S&P500: Moving to the DowOverview I decided it was time to start taking control of my own retirement account. For years my account has been pulling in mediocre gains and the only reason I've put up with it for so long is because: 1) it took me years to hone my trading skills and 2) my employer matches my contributions. Well, after reviewing my available fund allocations and performing a quick technical analysis of the respective funds, I decided to pull completely out of the S&P500 ( SP:SPX ) and placed them into the Dow Jones ( DJ:DJI ). Technical Analysis SP:SPX A double top has appeared on the 1W chart. Combined with dwindling volume on top of increasing value, I think it's ready to fall. Utilizing Fibonacci retracements I believe a good time to re-enter the S&P 500 will be in the range of $2200-$3200 USD. DJ:DJI While it is still slightly early to confirm, it appears that the Dow Jones has escaped the double-top and in my opinion looks coiled up and ready to spring. Utilizing Fibonacci retracement levels -- supported by increasing volume with rising value -- $56.8K appears to be a practical price target.
SP:SPXShort
by Shepherd_Investor
RUNE TWO ZONES FOR DCAA coin that made a return of 7x and which, in my opinion, is fundamentally very high quality. The zones I'm looking at for entry because more things match: the bottom of the range from February 5, 2021 to June 5, 2022. Immediately a little below the weekly level plus 200DMA. That's a 65% discount to take advantage of. Of course, there is also the last zone of demand at $2.3, but I don't know if it will come and I don't want to miss it like last time. If you like this free content, hit that rocket and check out some more of my analysis
Long
by learnfromfailure
ARM: Good Share, Bad DerivativeOverview Arm Holdings PLC ( NASDAQ:ARM ) recently had its IPO back in September 2023. Since then it has bounced around between $46-$78 and I think it's gearing for a rally. Unfortunately there is not much room for a confident technical analysis because of ARM's minimal chart history but I believe this company is definitely worth adding to the Watchlist. ARM supplies semiconductor technology and has made it a company mission to lower carbon emissions. From my understanding they are attempting to lower their technology's carbon footprint by maximizing the processing power of their chips per every one watt of energy. Imagine this as the equivalent of increasing a vehicle's total miles per gallon (MPG). I have come under the impression that their technology is delivered to a plethora of companies including NVIDIA and Google who, in turn, use it to develop A.I. projects. It is this aspect that makes me speculatively bullish on the company's outlook. Speculative Projections According to their official website ARM technology can be found in nearly every modern device and is used by "70% of the world's population." ARM's market cap currently rests around $69 billion USD which places it around 1B shares. Since its technology is fueling what is essentially an artificial intelligence bubble within the stock market, it is my personal opinion that a $500B market cap is reasonable if not conservative. This would place ARM's share price around $500 which is a 631% upside from the current share price of $68.34. If you read my other idea on NVIDIA, I've mentioned that outsourcing may become an issue for NASDAQ:NVDA and so I believe that ARM may be able to fill that vacuum should a semiconductor crisis ever occur. A catalyst like this would definitely have the potential for propelling the stock to new highs. Risk Management If picking a good company out of a lineup wasn't enough, now the potential gains to losses needs to be considered. For every dollar risked, I believe at least three dollars should be the reward. With ARM I believe those types of gains are possible however this is the one of those exceptions where I would consider holding shares instead of trading derivatives. I picked through several option contracts, specifically Calls, and noticed that Open Interest was severely lacking on most contracts except for a few expiring within 90 days. Typically 90 days would suffice however with the lack of trading patterns -- and a sense of direction -- I believe this makes derivative trading too risky for ARM. To top matters off, the contracts with high open interest (>1000) would potentially only deliver 1:1 at best case scenario. All that said, the lack of direction and amount of share value that would have to be gained within a short period of time leads me to believe that investing in ARM Calls would be reckless. The Calls worth owning and that have an expiration greater than 6 months out have a near non-existent Open Interest. While that could always change if ARM starts getting some attention from the market, this may lead to illiquidity and an inability to unload the contract. Fundamental Analysis Current ratio (current assets / current liabilities) = 4.33 * Any ratios under 1.00 are considered a financial risk. Retained earnings = $2.440B which was a slight decrease from $2.457B in March 2023. * Allows the company to invest in itself (repurchase shares, expand, etc) Net income 6 Months Ended September 30 = ($5M) loss * The majority of the loss appears to have come from escalated operating expenses within the second quarter. This is a drastic 101.5% decrease from September 30, 2022 which had a net income of $339M. I'm experiencing some difficulty interpreting the Q2 Earnings Call. I am a self-taught analyst and learn on-the-go so I will need to process this information more before coming to a confident conclusion on the fundamental analysis. However, it does seem that operating expenses increased significantly (approximately by 171.8%) in the second quarter alone. I will make sure to provide any updates to my findings as a comment on this idea.
NASDAQ:ARM
by Shepherd_Investor
3
Bitcoin: Quick BreatherSpeculations I believe Bitcoin is coming due for a "steep" correction but not in an unload your wallets and get out of the game kind of way. It has rallied hard over the last few months and despite experiencing significant increases in value, Bitcoin's volume has slowly dwindled. It is for those reasons and -- more in the following paragraph -- that I believe Bitcoin will most likely see a drop to around $35K. Trend Analysis On the 1D and hourly charts, I have drawn out a symmetrical triangle (yellow) that envelops the $35K support which rests around the 61.8% Fibonacci retracement level. I utilized Fib retracements in both the up and downtrends to find what I believe will be a reasonable bottom; the downtrend Fib levels place 61.8% too low in my opinion. Bitcoin's current value is consolidating within a smaller symmetrical pennant (white) and appears to be on the verge of breaking down. Using the volume indicators and Fibonacci levels to support my theory, I believe that selling pressure will increase as we approach the Bitcoin ETF decision. I think that many traders will exit their positions out of fear of an ETF rejection which will cause a cascade to the 61.8% Fib level. Speculative Projections Because of the crypto market's overall bullish sentiments, I feel comfortable projecting a double bottom pattern that may develop within the symmetrical triangle. However, once an ETF decision has been made I don't believe the current patterns will remain valid. I am expecting that there will be a premature breakout or breakdown at this time.
COINBASE:BTCUSD
by Shepherd_Investor
2
Gold Watch: CPI Impact and Interest Rate DynamicsGreetings Traders, Our spotlight is on XAUUSD, where we are actively eyeing a potential buying opportunity around the 2015 zone. As gold trades in an uptrend, it currently finds itself in a correction phase, steadily approaching the trend at the critical 2015 support area. This numerical level carries historical significance, serving as a vital juncture where the correction may align with substantial market forces, creating an opportune entry point for traders. To comprehend the potential market dynamics, we must delve into the macroeconomic fundamentals. The Consumer Price Index (CPI) data, released on October 25, 2023, revealed an actual inflation rate of 1.2%, surpassing the forecast of 1.1% and the previous 0.8%. This ongoing trend of rising inflation is crucial, as it has the potential to influence the Federal Reserve's monetary policy decisions. The latest FOMC data, dated December 13, 2023, reflects a steady interest rate of 5.50%. Such a stance indicates a commitment to combat inflation, but the continuous dovish rhetoric and the decision to maintain the interest rate may suggest that the Fed is cautious about tightening too quickly. This dovish sentiment in the monetary policy can lead to further weakness in the USD. Considering the interest rate evolution, the Fed has been on a trajectory of cautious adjustments. For instance, in the FOMC meeting on September 20, 2023, the interest rate was held at 5.50%, maintaining the status quo. This steady approach is indicative of the Fed's commitment to managing inflation without overly hindering economic growth. The correlation between interest rates and the strength of the USD is pivotal in understanding gold's potential upsides. The negative correlation between gold and the USD implies that a weakening dollar could propel gold prices higher. As traders navigate the XAUUSD chart, the careful consideration of both CPI and interest rate data is imperative. The dovish monetary policy's potential impact on the USD's strength and the subsequent influence on gold prices should be a focal point in crafting effective trading strategies.
OANDA:XAUUSDLong
by JoeChampion
How to Become a Professional Trader!The Triad of Successful Trading: Strategies, Psychology, and Risk Management. Introduction: In the dynamic world of trading, achieving success is a multifaceted challenge that requires a comprehensive approach. While many enthusiasts focus primarily on trading strategies, it is crucial to recognize that a holistic approach, incorporating trading psychology and risk management, is indispensable for sustained success. This article delves into the three pillars of successful trading: trading strategies, psychology, and risk management. Trading Strategies (25 Marks): A robust trading strategy serves as the foundation of a trader's success. This section explores the importance of having a well-defined and tested trading strategy. Investors must understand that possessing the same strategy as others does not guarantee success; execution and adherence are key. Points will be awarded based on the clarity and effectiveness of the chosen strategy, as well as the ability to adapt to changing market conditions. Trading Psychology (35 Marks): Trading psychology plays a pivotal role in determining success or failure in the financial markets. This section emphasizes the significance of maintaining a disciplined and rational mindset. Factors such as emotional control, patience, and the ability to handle losses are crucial components of a trader's psychological makeup. The article will explore techniques to cultivate a resilient mindset, addressing the common pitfalls that novice traders often encounter. Risk Management (40 Marks): Arguably the most critical aspect of successful trading, risk management deserves the lion's share of consideration. This section delves into the methodologies and practices that traders should adopt to protect their capital. Key areas of discussion include position sizing, setting stop-loss orders, and diversification. The article will emphasize the importance of preserving capital and preventing catastrophic losses, assigning points based on the thoroughness and effectiveness of the risk management approach. Conclusion: In conclusion, the path to becoming a successful trader hinges on the harmonious integration of trading strategies, psychology, and risk management. While a strong trading strategy provides direction, a disciplined mindset ensures adherence to the plan, and prudent risk management safeguards against significant setbacks. Traders must recognize that neglecting any one of these pillars compromises the overall structure of their trading endeavors. By assigning marks to each component, this article underscores the balanced significance of these three elements and emphasizes their collective role in achieving success in the complex world of trading. I'm Shaw, a seasoned forex trader with 14+ years of success. Whether you're new or experienced, I'm here to help you achieve long-term profitability. Trending Hashtags: #TradingSuccess #TraderMindset #RiskManagement #TradingStrategies #FinancialMarkets #TradingPsychology #InvestmentStrategy #CapitalProtection #MarketDiscipline #ProfessionalTrader
FOREXCOM:XAUUSDEducation
by shaw42
YNDX Stock: Unveiling Bullish Secrets Amidst Restructuring DelayProfessional Technical Analysis for YNDX Stock : Navigating Bullish Momentum Amidst Restructuring News Introduction: The recent restructuring announcement by Yandex, the tech giant, has triggered speculation and rumors, introducing an intriguing dynamic to the YNDX stock landscape. This professional technical analysis aims to decipher the implications of the delayed restructuring deal and assess the emerging bullish momentum. Market News and Restructuring Delay: The article on Investing.com ( www.investing.com ) provides insights into the anticipated delay of Yandex's restructuring deal until early 2024. This development has sparked market speculation and fueled rumors, adding an element of uncertainty to YNDX stock. Technical Analysis - Bullish Momentum: Post the restructuring delay announcement on the 25th, a surge of bullish momentum has been detected on the weekly timeframe for YNDX stock. A breakout candle has emerged, signaling a potential continuation of an ascending triangle pattern towards the 3110.6 mark. This pattern suggests a positive outlook, and traders are advised to monitor the developments closely. Key Price Levels to Watch: Take Profit at $2497.0 : The initial target for profit-taking aligns with the ascending triangle's breakout, presenting an opportunity for traders to capitalize on the bullish momentum. Take Profit at $2613.8 : As the momentum builds, the second profit-taking level serves as a strategic point to secure gains, anticipating further upward movement in YNDX stock. Take Profit at $2733.4 : The third and final profit-taking level represents a calculated exit point, considering the evolving market dynamics and the ascending triangle pattern's potential continuation. Conclusion: In conclusion, the delay in Yandex's restructuring deal has introduced an element of uncertainty, sparking rumors and speculation in the market. The subsequent surge in bullish momentum, particularly evident on the weekly timeframe, paints a positive picture for YNDX stock. Traders are advised to exercise caution and closely monitor the ascending triangle pattern's development, with the identified profit-taking levels serving as strategic guides in navigating this dynamic market landscape.
RUS:YDEXLong
by wikitrades
3
BITCOIN SUPPLY AND DEMAND I have shown the supply and demand zones on the graph. At this point it remains to be seen how the price will react 43.6k$-44k$ . If we see acceptance, prices of 48K-50k are very possible. If we get a big rejection, it will be a trigger that the sellers are in advantage and we will have to look for strength in another zone (demand zone). Right now it's late to trade (long), so it's better to be patient and wait to see the reaction. I always go against the majority, and so far the sentiment is very positive. Big volume on sale and I think that in this in-between zone (where there is no trading) everyone will lose. Closing the week above $43.6k will be a very good indicator for continuation. I'm definitely of the opinion that bitcoin has done most of its work, it's time for ETH and I think 2024 is its year
BITSTAMP:BTCUSD
by learnfromfailure
1
NEAR LONG IDEA (continuation of the altcoin analysis series)Near has been showing strength in the last couple of days. Here are two scenarios I see: Rejection of 1,555, hold above 1,177 and continuation up(200MDA + 100MDA) Do not do anything below that price Target : 2.835 - 6 Continuation of growth to 2,344, return to the maximum to 1,613 and continuation up Target : 6 The trend change is also shown on OBV. In order for this to happen, you need retail that is optimistic
Long
by learnfromfailure
GBPNZD ____ INCOMING BEARISH MOVEHello Guys, This pair has been on my radar for a long time now. Let's break down this pair. On the monthly timeframe, a bearish CHOCH was formed and if you use your fib to measure the retracement, you will notice that the price has retraced more than the equilibrium price, meaning that GBPNZD is in a premium zone. This doesn't mean it would be wise to short the pair just like that. On the weekly timeframe, using your fib you will also notice that price has retraced to the equilibrium price. On the daily timeframe is where it gets interesting, notice the sell-side liquidity (equal lows) and also the imbalance (FVG) as drawn on my chart. Also, price has formed a bearish CHOCH on the daily timeframe. If price should retrace into the daily supply orderblock, I will go into the 1 hour timeframe to wait for my trade setup. Keep this pair on your radar. Follow for more updates like this. Cheers, Jabari
Short
by jabariofafrica
2
Unlocking the Secrets of the Rising Wedge Pattern 📈🔍 Unlocking the Secrets of the Rising Wedge Pattern 📈🔍 ✅The rising wedge pattern is a powerful technical analysis tool that can offer valuable insights into potential future price movements in the financial markets. This pattern is characterized by converging trend lines, with the upper trend line sloping upwards and the lower trend line sloping downwards. Traders and investors often use the rising wedge pattern to anticipate potential reversals or breakouts in the market. Here we can see a rising wedge before the breakout ✅Understanding the Rising Wedge Pattern: The rising wedge pattern typically forms during an uptrend and is considered a bearish reversal pattern. This pattern suggests that the upward momentum is weakening, and a potential trend reversal may be on the horizon. As price continues to oscillate between the converging trend lines, it creates a narrowing price range, indicating increasing indecision and potential impending volatility. ✅Key Characteristics: - Converging trend lines - Upward sloping upper trend line - Downward sloping lower trend line - Decreasing trading range - Bearish reversal potential Here we can see a rising wedge pattern after the breakout. The pattern evidently played out well. ✅Examples: 1. Stock Market Example: In the stock market, a rising wedge pattern may develop on the price chart of a company's stock during a prolonged uptrend. As the pattern unfolds, traders and investors monitor the potential breakout or breakdown of the pattern to make informed trading decisions. 2. Forex Market Example: In the forex market, the rising wedge pattern can be observed on the price chart of a currency pair. Traders analyze this pattern to anticipate potential trend reversals and plan their entry and exit points accordingly. Here is one more rising wedge breakout example ✅Conclusion: The rising wedge pattern is a valuable tool for technical analysts and traders seeking to gain an edge in the financial markets. By identifying and understanding the characteristics of this pattern, market participants can better anticipate potential trend reversals and capitalize on emerging opportunities. By incorporating the rising wedge pattern into their analysis, traders can enhance their ability to make informed decisions and navigate the dynamic landscape of the financial markets. 📊💡
OANDA:XAUUSDEducation
by TopTradingSignals
1