MSTZ to $32....early Christmas giftLet's start 2025 with a bang! This is my last gift for the year.
Microstrategy will be tanking with BTC drop and the rate of decrease has noticeably been steep and purposeful. Thankfully, MSTZ is the superstar that will save the day (2x inverse). The gravity is strong with this one, until consolidation around $32. We're looking at 30%ish upside on this puppy. It will go fast so lock and loaded tomorrow and prob close out in a few hours.
As always, do your due diligence and best of luck!
Trend Analysis
BANKNIFTY : Trading Levels and Plan for 20-Dec-2024
Intro: Review of the Previous Day’s Plan
As mentioned in Yesterday's plan BANKNIFTY has found support from level mentioned in Chart yesterday. The chart movement adhered closely to the plan, with Bank Nifty consolidating within the highlighted zones before attempting an upward breakout. The yellow trend on the chart depicted a sideways consolidation, while green and red trends outlined bullish and bearish moves respectively. Today, we prepare for potential scenarios based on expected market openings.
Plan for Different Opening Scenarios
Gap-Up Opening (200+ points above 51,902):
If Bank Nifty opens above 52,068, the index is likely entering the resistance zone highlighted in orange. Watch for rejection signals around 52,381, the last intraday resistance.
Plan of Action:
Look for bearish reversal candles or patterns near 52,381 to initiate short positions with a target of 52,068 and a stop loss above 52,450.
In case of a sustained breakout above 52,381, consider fresh longs targeting 52,600 or higher. Ensure confirmation with strong volume.
Key Tips: If trading options, focus on slightly OTM puts for shorts. For breakout trades, consider ATM or slightly OTM calls.
Flat Opening (Within 51,800-52,000 range):
A flat opening near 51,902 keeps the market in the opening resistance zone. Price action within this zone (yellow trend) will guide the next move.
Plan of Action:
Observe price behavior for 30 minutes. If the index breaks below 51,800, initiate shorts targeting 51,418 with a stop loss at 52,000.
If the index breaks above 52,068, initiate longs with targets at 52,381 and stop loss below 51,902.
Key Tips: For flat openings, straddle or strangle strategies can help capture significant moves in either direction.
Gap-Down Opening (200+ points below 51,902):
A gap-down below 51,418 enters the green support/consolidation zone. Watch for potential reversals or breakdowns near 51,092 or the Wave B lower band at 50,664.
Plan of Action:
If Bank Nifty reverses from 51,092, initiate long trades with targets at 51,418, maintaining a stop loss at 50,900.
A breakdown below 51,092 confirms bearish momentum. Short positions can target 50,664, with stop loss above 51,200.
Key Tips: For aggressive trades in this scenario, consider deep OTM puts for higher returns.
Risk Management Tips for Options Trading:
Avoid over-leveraging; allocate no more than 2-3% of capital per trade.
Use hourly candle close as confirmation for entries and exits.
Hedge positions using spreads to limit losses.
Exit trades promptly if they don’t perform as expected within the first 30 minutes.
Summary and Conclusion:
Today's trading plan focuses on key levels derived from technical analysis. The yellow trend indicates likely consolidation, the green trend suggests bullish opportunities, and the red trend signals potential bearish moves. Adherence to price action at critical levels will be crucial for maximizing profits and minimizing risks. Always ensure disciplined execution and maintain a balanced approach.
Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult with your financial advisor before making any investment decisions.
GBP/CHF Analysis🔻 Trend Direction:
The trend is clearly bearish, with strong selling momentum dominating the GBP/CHF currency pair. The price has broken below key levels and is showing no immediate signs of reversal, indicating a strong continuation of the downtrend.
💡 Key Observations:
1️⃣ The strong sell-off aligns with the saying, "Let the trend be your friend," as the bearish momentum is evident.
2️⃣ Price is heading toward key support zones, as highlighted in the chart.
3️⃣ Potential support levels around 1.1185 and 1.1135, where the price may slow down or reverse.
📌 Trading Idea:
Consider short positions if the bearish momentum continues, aiming for the support zones.
Stay cautious around these areas, as they could trigger reversals or consolidation.
🚨 Risk Management:
Place stop-losses above 1.1230 or higher to protect against unexpected pullbacks.
Use proper risk management strategies and monitor price action at key levels.
USD/CAD AnalysisThe USD/CAD pair has been trading within an ascending channel but recently broke out, reaching a significant resistance level from March 2020. This resistance appears to have halted the bullish momentum, suggesting the possibility of a correction in the coming sessions.
💡 Key Observations:
1️⃣ The price broke above the ascending channel but is struggling to maintain momentum at the resistance level.
2️⃣ Historical resistance from March 2020 is likely to act as a strong barrier for further upward movement.
3️⃣ Signs of weakness and loss of momentum indicate a potential downward correction.
🔻 Potential Target Zones for Correction:
First Target: 1.429
Second Target: 1.421
Longer-term Target: 1.408
AUDUSD - Look for a sell !!Hello traders!
‼️ This is my perspective on AUDUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fulfill the imbalance and then to reject from bearish OB + institutional big figure 0.63000.
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XRP BULLISH MOVE INCOMING???This is my analysis for XRP (potential bullish move incoming) obviously this is personal opinion let me know what you think in the comments and share your ideas BITSTAMP:XRPUSD
Monthly timeframe showed a break of a huge resistance level ( $1.96 ) on 01/12/24
Daily timeframe showed a bullish flag pattern
Looking closely at the Hourly timeframe the bullish flag pattern was broken (upward) price has come back down to the the flag which is also a support level (around $2.20 ). Price broke below this level 3 between 09/12/24 & 10/12/24 but came straight back above indicating 3 failed attempts to break support. This suggests we have more buyers at this level then sellers)
My personal opinion is a continuation in the bullish trend the past week or so we've been bouncing up and down but for me all signs point bullish for the next move.
Let me know what you think in the comments would love to bounce some ideas off of you wether you're bullish or bearish, everyones eye for the charts are different so we can all help each other ;)
Adobe - The Triangle Breakout Is Coming!Adobe ( NASDAQ:ADBE ) still remains in a bullish market:
Click chart above to see the detailed analysis👆🏻
For more than four years, Adobe has actually been moving sideways, still digesting the crazy bullrun which we saw over the past decade. Looking at the symmetrical triangle pattern though, this is just a bullish consolidation, which will most likely end with another bullish breakout.
Levels to watch: $440, $560
Keep your long term vision,
Philip (BasicTrading)
USDCHF - Long from trendline !!Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. My point of interest is price to fill the imbalance lower and then to reject from bullish OB + trendline.
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NAS100USD: Strategic Selling Amidst Bearish MomentumGreetings Traders!
In today’s analysis of NAS100USD, we reflect on yesterday’s high volatility, which triggered a significant displacement to the downside. Such strong movements often leave inefficiencies in price action that may be revisited in the near future. However, the prevailing bearish institutional order flow suggests opportunities to capitalize on selling setups.
Key Observations:
1. Consolidation in Premium Zones:
Currently, price is consolidating at a premium level, providing an optimal zone to initiate sell positions. Following the principle of selling in premium and buying in discount, this setup aligns with institutional trading strategies.
2. Bearish Momentum:
The bearish structure remains intact, reinforcing the likelihood of price continuing its descent toward discount zones.
3. Potential Reversals in Discount:
When price reaches discount levels, it is possible for a reversal back into premium zones. This necessitates a strategic and observant approach to anticipate the next market move.
Trading Strategy:
Entry: Seek confirmation to sell at premium levels during this consolidation phase.
Target: Discount zones, where sell-side liquidity resides, will serve as the primary profit-taking area.
As always, remain vigilant and adaptive to market dynamics. If you have insights or questions, feel free to share them in the comments. Let’s learn and grow together!
Kind Regards,
The Architect
BTC dump as BTC.D gears up to retest!!Join our community and start your crypto journey today for:
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Let's analyze BTCUSDT :
Bitcoin has broken below its previous trading channel and is testing lower support levels. This drop is largely attributed to Bitcoin dominance (BTC.D) rising to retest the 59% level. BTC is presently around the $94,700 support. If this level holds, a significant price rebound is possible. However, if BTC dominance reaches 60% or higher, BTC could fall further to around $91,000.
Key Support Levels:
$94,700
$92,0500-$91,100
Key Resistance Level:
$98,500
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Happy Trading!!
(RCF) is Poised for a Breakout: Watch These Key Levels!Rashtriya Chemicals & Fertilizers Ltd. (RCF) stock is showing promising technical setups as it consolidates near critical resistance. With strong price action and a trendline acting as support, the stage may be set for an upward breakout.
Key Levels and Setup
📈 Support Trendline: The stock has consistently respected an upward trendline starting from ₹155. This serves as a strong base for further price action.
📌 Immediate Resistance: ₹183-188 is the immediate level to watch. A breakout above this zone could trigger significant bullish momentum.
🚀 Upside Targets:
Target 1: ₹205
Target 2: ₹240
📉 Stop-loss: To manage risk, a stop-loss can be placed below ₹175 (near the base of recent consolidation).
Trading Plan
Breakout Confirmation: Look for a daily close above ₹188 with volume to confirm the breakout.
Retest Entry: If the stock retests ₹188 as support, it could be an ideal entry point for a low-risk trade.
Volume and Momentum
Watch for an increase in trading volume as the stock approaches ₹188. High volume during the breakout will strengthen the bullish case.
⚠️ This is not financial advice. Always perform your own analysis before entering any trade.
💬 Do you think RCF will reach ₹240? Share your thoughts below!
🚀📊 #RCF #TechnicalAnalysis #StockBreakout #TradingSetup
RIVN Descending Triangle Pattern - Key Levels!The 30-minute chart for RIVN highlights a potential descending triangle breakout, signaling a possible trend reversal:
Entry: $13.14 (yellow line - breakout level).
Stop Loss (SL): $12.78 (white line - key support).
Target 1 (T1): $13.58 (red line - first resistance).
Target 2 (T2): $14.22 (green line - major resistance).
The price is attempting to break out of the descending triangle with increasing momentum. Monitor for confirmation at $13.14.
#RIVN #StockMarket #TradingSetup #TechnicalAnalysis #NASDAQ
AMD - good DCA candidateAMD has dropped close to 50% from it's all time high, during the height of the AI exuberance. It's now in a speakerphone pattern and has entered the Golden Pocket Fibonacci retracement level. I believe this is a good opportunity to start a position, using a DCA approach, in the hope it drops more for further accumulation.
It could well drop another 20-30% from here, where I would add more for a long term hold. If you're bullish on AI and if we are indeed in the early innings of a new industrial revolution, AMD presents an excellent opportunity to get in on the longer term growth of this cyclical trend. It's true AMD is no Nvidia but the upside potential for Nvidia is far less that AMD.
Looking back at the price action, you will notice similar patterns have played out before a strong push to the upside.
This is not financial advise, do what's best for you.
Could the Silver rise from here?The price is reacting off the support level which is an overlap support that lines up with the 127.2% Fibonacci extension and could rise from this level to our take profit.
Entry: 28.78
Why we like it:
There is an overlap support level that lines up with the 127.2% Fibonacci extension.
Stop loss: 27.71
Why we like it:
There is a pullback support level.
Take profit: 29.83
Why we like it:
There is a pullback resistance.
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SOLANA Are you ready for $385?Solana / SOLUSD has been underperforming since the November 22nd High, breaking even under the 1day MA50.
Even though this is not ideal (especially compared to the gains that Bitcoin shows), it isn't a situation that SOL hasn't faced before.
As you see it is repeating the post Channel Down correction of July-August 2023, which also crossed under the 1day MA50 but then recovered and rebounded to the 2.0 Fibonacci extension and beyond.
Buy and target $385.
Previous chart:
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