Nasdaq going to 11111 .... I think 🤔 good to buy Triangle patterns show the direction
Hope I it reach target 11111
Good luck everyone
Risk is your own
Life is simple 😌
US
PLTR- Short on Positional BasisPLTR Already breaks its strong support zone and retests it again, so this is good for taking short positional trad also US index is bearish so the probability is high to give a good risk reward.
US CRUDE OIL IS DOWN!Let's get to the us crude oil chart analysis.
Due to the explained structure, a special down is expected soon.
dxy actually holding on the support levelseems like we are getting a solid support level, its hard to say if it will continue to hold but seems good for now
S&P 500 IndexHey,
I Would like to see the Trend Line rejection for confirmation and then continuation to re-test lows/new lows..
Demand Zone - 3200-3300
Strong Support @ 2800-2900's ( Long term Entries )
SP:SPX
SHORT TERM RUN we expect price back to the blackhole acting as support to push the price up words to the next resistance level
if break it we will extend the profit to the last resistance level at 1H time frame as shown on the chart
Daily Bitcoin UpdateUS FED DECISION
Bitcoin Reached 18400 before selling off to 17800 due to the market's reaction to the US Fed's decision to raise their key interest rate by 50 basis points during yesterday's session.
As we all know, the market tends to react positively in a low-interest environment. Although this key rate increase is lower than the previous quarter's 75 basis point increase, it is still a rate increase nonetheless.
TECHNICAL SIDE
The price of Bitcoin still closed slightly higher in spite of the selloff during yesterday's session which means that there's still a certain level of interest in this asset.
I added more units today at 17899.23. I set my key support level at 16000 while my key resistance price is set to 21200.
Microsoft bottomed out?Microsoft - Medium Term - We look to Buy at 252.55 (stop at 236.92)
Price action looks to be forming a bottom. A bullish reverse Head and Shoulders has formed. Neckline comes in at 256.15. We have a Gap open at 252.54 from 12/12/2022 to 13/12/2023. Further upside is expected although we prefer to set longs at our bespoke support levels at 252.55, resulting in improved risk/reward.
Our profit targets will be 298.90 and 310
Resistance: 263.92 / 266.65 / 267.45
Support: 252.55 / 242.21 / 238.21
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
A peek behind the curtain at The FED's wiggle roomThe FED is manipulating markets utilizing the USD, but the range for this is narrowing by the day. When the FED runs out of road, it will get messy.
Sonos - All about the Base (Pattern)US CPI NUMBER TODAY - EXPECT EXTREME VOLATILITY
Sonos Inc - Medium Term - We look to Buy a break of 18.33 (stop at 16.59)
Price action looks to be forming a bottom. Broken out of the Head and Shoulders formation to the upside. Bespoke resistance is located at 18.28. A break of 18.28 is needed to confirm follow-through bullish momentum. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 22.76 and 24.50
Resistance: 18.28 / 21.30 / 22.76
Support: 16.33 / 15.17 / 14.85
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Joe Gun2Head Trade - Crazy move higher on a weaker CPI number?Trade Idea: Buying SPXUSD
Reasoning: Crazy move higher on a weaker CPI number?
Market expects 7.3%. JPMorgan suggesting a move of <6.9% could see stocks rally by 8-10%?"
Entry Level: 3993
Take Profit Level: 4398
Stop Loss: 3907
Risk/Reward: 4.6:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Footlocker - Stomping lower?Foot Locker - Medium Term - We look to Sell at 38.81 (stop at 40.86)
Trading within a Bearish Channel formation. Price action continued to range between key support & resistance (30.02 - 40.00) although we expect a break of this range soon. Short term momentum is bearish. Preferred trade is to sell into rallies.
Our profit targets will be 30.34 and 24.10
Resistance: 38.81 / 40.20 / 45.59
Support: 37.88 / 33.19 / 30.02
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Joe Gun2Head Trade - GBPUSD grinding higher?Trade Idea: Buying GBPUD
Reasoning: Grinding higher
Entry Level: 1.2239
Take Profit Level: 1.2334
Stop Loss: 1.2196
Risk/Reward: 2.19:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Downward Dollar Trend
The Dxy is following a downward channel, looking for the dxy to continue this trend and looking a short for this week.
LOOKS LIKE DXY IS READY TO REVERSEIt has appeared that a left shoulder has formed, as well as a head, wait for market to break in, close, retest then take the sell opportunity..
Time to pull the PLUG?Plug Power - Short Term - We look to Sell at 14.94 (stop at 16.92)
The medium term bias remains bearish. A break of the recent low at 13.68 should result in a further move lower. The sequence for trading is lower lows and highs. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Preferred trade is to sell into rallies.
Our profit targets will be 8.01 and 7.50
Resistance: 13.68 / 14.96 / 18.26
Support: 12.70 / 11.90 / 10.92
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
DXY just need a little restDxy is backing down for a new pair of jordan. All is to run faster and jump higher. Here is the level I expected.
Bank of America - Extending higher from the bullish flagBank of America Corp - Short Term - We look to Buy at 37.17 (stop at 35.28)
Posted a Double Bottom formation. Prices are extending higher from the bullish flag/pennant formation. The formation has a measured move target of 44.30. Further upside is expected although we prefer to set longs at our bespoke support levels at 37.17, resulting in improved risk/reward.
Our profit targets will be 44.30 and 48.82
Resistance: 38.60 / 40.37 / 43.75
Support: 37.15 / 36.20 / 32.63
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
US Dollar Currency Index (DXY)US Dollar Currency Index (DXY)
1W hollow candlesticks
After an ATH (All-Time High), the US Dollar Index appears to be finding its first major support area, which occurs from the golden ratio of the Fibonacci Retracement sequence.
Two triangles are formed, two ascending triangles.
In the first triangle, the breakout will occur at the end of 2022.
Certainly from the new year, it is most likely to break the Resistance area, located at 103.650, as it will then enter the second smaller triangle.
Towards the end of 2023 or even earlier, seems to be the next support area, which is clearly seen by the extension of a second Fibonacci Retracement.
The point is that the dollar is starting to lose value, while the euro is gaining, as also Forex market is starting to lose ground.
That's for now.
Good luck.
#CryptoHellas Team
Ford running out of gas?Ford - Short Term - We look to Sell at 13.89 (stop at 14.82)
The medium term bias remains bearish. Broken out of the channel formation to the downside. Selling continued from the 61.8% pullback level of 14.41. The gap open from 14.34 to 13.94 has now been closed. Preferred trade is to sell into rallies.
Our profit targets will be 11.01 and 10.40
Resistance: 14.20 / 14.41 / 15.33
Support: 13.55 / 12.50 / 11.01
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
DXY - clear bull divs showing on HTFPotential bounce waiting for us next week, with SPX on decisive point, DXY looks like it might one last run to create lower low.
Target: 108-109
DXY MOVE NEXT WEEK The dollar is still resisting the rise and it has signs of weakness, and I expect the next movement to be downward, especially with the somewhat lower inflation and the comments of the Monetary Policy Committee from the Federal Reserve members to reduce interest rates on the US dollar during the coming months.
We wait and see what next week has in store for us.
What do you think of the strength of the dollar currently? Is it subject to more collapses, or will it have a word next week that contradicts all expectations?
The four golden rules of trading
1 Don't be greedy
2 Always use stop loss
3 Never add other positions to the losing positions
4 Use a suitable lot for your account
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