DYDX : Preparing for Rebound !Let's break down the technical landscape of dYdX (DYDX), a token that's been through the trenches and is gearing up for a potential bounce. Here's a concise dive into the charts and key indicators that suggest DYDX might be on the brink of a bullish move. 📉➡️📈
Chart Overview:
All-Time Low Support:
DYDX has formed a sturdy support base after hitting all-time lows.
The recent upward momentum hints at a possible trend reversal.
Support and Resistance Dynamics:
Recent price action around a crucial resistance zone signals a battleground for market participants.
Historical data suggests positive price responses after sweeping key support levels.
Trading Strategy:
Support Sweep Strategy:
Keep an eye on potential support sweeps, historically signaling upcoming upward movements.
Strategic entry points post-support sweep align with past bullish patterns.
Chart Confirmation:
A decisive breakout above the significant resistance zone would validate the potential bullish trend.
Monitoring trading volumes during key price movements provides additional confirmation.
Price Outlook:
A successful rebound could position DYDX for noteworthy price levels, contingent on surpassing historical resistance.
In Conclusion:
DYDX's journey from its all-time low to its current support base presents an intriguing technical setup. Traders and investors are advised to closely monitor support dynamics and resistance interactions for strategic entry points.
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Alltimehigh
NQ Power Range Report with FIB Ext - 12/13/2023 SessionCME_MINI:NQH2024
- PR High: 16613.50
- PR Low: 16589.50
- NZ Spread: 53.5
Full calendar of key events
08:30 |PPI
10:30 | Crude Oil Inventories
13:00 | Fed Interest Rate Decision
14:00 | FOMC Economic Projections
- FOMC Statement
14:30 | FOMC Press Conference
Inching closer to ATH - 1% away
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 217.50
- Volume: 18K
- Open Int: 229K
- Trend Grade: Bull
- From ATH: -1.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16677
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 12/12/2023 SessionCME_MINI:NQH2024
- PR High: 16456.50
- PR Low: 16441.00
- NZ Spread: 34.5
Key economic calendar events
08:30 | CPI (x3)
13:00 | 30-Year Bond Auction
Near ATH - 16767.50
Evening Stats (As of 1:55 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 221.05
- Volume: 27K
- Open Int: 159K
- Trend Grade: Neutral
- From ATH: -1.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16677
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Nasdaq 100 Rally to All time HIghs - QQQNASDAQ:QQQ NASDAQ:NDX
Here's what I see shaping up in the Nasdaq 100
💡 Remember we do have two big news events this week . The inflation CPI # Tuesday and the FOMC rate decision on Wednesday.
These two events 📰will be huge market drivers. One or both could disappoint and cause a decent pullback.
Putting that aside for now I do see positioning and a technical target 🎯in the 430 range for QQQ.
Buckle up - it's going to be an interesting week
THE KOG REPORTKOG Report:
In last weeks KOG report we said we would be looking for two trades, either a long from support levels or a short from resistance levels if they took it up. We suggested keeping an eye on the 2010-15 resistance as we expected a reaction in price there, and if broken we would be looking at the 2030-35 region as a target point. During the week, we released KOG’s bias for the week with a target of 2055 based on the monthly chart we also shared. We suggested anyone taking longs leave a runner for potential higher pricing, which if you did, hat’s off to you!
An aggressive end to the week which was expected with gold closing just short of it’s previous high in line with the monthly chart that was shared.
So, what can we expect in the week ahead?
We’re going to keep a close eye on that monthly chart which is linked below that has a target level of 2093-5 to be precise. Now, this is definitely going to be a difficult end to the year as due to this move, having left voids behind and nearly completing the swing, there is huge potential for a big pullback before then resuming the attack at that level. For that reason, just as the reports prior to this, we would suggest caution on the markets, especially if you’re new to trading.
Again, we’re going to take it steady, trading this level to level using KOG’s red box strategy and taking it level to level if they continue this move to the upside. The levels below of importance are the order region 2050-55 where if they bring the price down to and we see strong support, we feel an opportunity to long back up to target that 2090-95 region could be on the cards. A break of that level and they are likely to correct this move taking us down towards 2020-25 before we see a reaction in price.
On the flip, the ideal scenario for us here is for price to attempt an attack at the resistance level above, shown on the chart, and if we see a confirmed set up with strong resistance, we feel an opportunity to swing short is on the horizon. These resistance levels are 2075 and above that 2090-95 with extension of the move into 2105-10 as an extreme level.
We will update traders during the week with KOG’s bias for the day and our target levels which are proving to be very effective in guiding traders through the markets.
KOGs bias for the week:
Bullish above 2050 with target levels above 2085 and above that 2107
Bearish on break of 2050 with targets below 2020
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
New All Time Highs On Nasdaq😈Hello Traders,
My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻
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➡️In today's video, I will analyse the Nasdaq for you🫡
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➡️Let me know your opinion about today's analysis in the comments below👇
➡️I will only enter a trading position if ALL of my trading/entry criterias are met!
Keep your long term vision!
P.S. Trading is risky and most beginner traders lose money!
Nvidia Is Still Bullish💸Hello Traders,
My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻
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➡️In today's video, I will analyse Nvidia for you🫡
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➡️Let me know your opinion about today's analysis in the comments below👇
➡️I will only enter a trading position if ALL of my trading/entry criterias are met!
Keep your long term vision!
P.S. Trading is risky and most beginner traders lose money!
Analysis: US30/USD Head and Shoulders Continuation TradeAnalysis: US30/USD Head and Shoulders Continuation Trade
Based on the head and shoulders continuation pattern in US30/USD and the expectation of reaching all-time highs soon, i have identified a trade opportunity. With a buy entry at 34370.4, a stop loss at 32448.9, and a take profit at 38524.0, i have defined your risk and reward targets. Here is an analysis of the trade setup you provided:
Index: US30/USD (Dow Jones Industrial Average)
Entry Price: 34370.4
Stop Loss (SL): 32448.9
Take Profit (TP): 38524.0
Head and Shoulders Continuation Pattern:
i have identified a head and shoulders continuation pattern, which suggests that the previous uptrend in US30/USD may continue. This pattern typically indicates a temporary pause or consolidation in the upward movement before the trend resumes.
Entry Point (34370.4):
i have chosen to enter the trade at 34370.4. The entry point should be determined based on my analysis of key support and resistance levels, trend lines, or other technical indicators that confirm the continuation of the upward trend following the head and shoulders pattern.
Stop Loss (32448.9):
The stop loss is set at 32448.9, placed below a significant support level or the pattern's neckline. It serves as a risk management tool to limit potential losses if the price moves against your trade.
Take Profit (38524.0):
my take profit level is set at 38524.0. This level represents my target for closing the trade and taking profits. It should be determined based on resistance levels, Fibonacci extensions, or other technical indicators that suggest potential areas where the price might encounter selling pressure or reach all-time highs.
Please note that while historical patterns and trends can provide insights, market conditions can change rapidly, and it's important to monitor price action and adjust your trade management accordingly. Consider fundamental factors, economic data, and news events that may impact the US30/USD index.
Ensure you conduct your own comprehensive analysis and use risk management strategies to protect your trading capital. Following a well-defined trading plan and remaining disciplined are essential for successful trading in the financial markets
Tesla -> Will Hisory Repeat ItselfMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Tesla.
All the way back in 2020 Tesla stock broke out of a monthly triangle formation and pumped more than 1.500% towards the upside. You can see that at the moment Tesla stock is once again creating a monthly triangle formation and there might be another breakout coming soon.
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When the market moves where, and how, and if - these are all unknown.
The only thing which you can control is your risk.
- Philip Basic Trading -
Keep the long term vision🫡
Apple -> Break And RetestMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️
I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Apple.
Looking at Apple stock you can see that Apple just perfectly broke above the previous all time high which was at the $175 level and is now retesting this previous structure so I simply do expect another push higher from here and the creation of a new all time high soon.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
LVMH (MC) -> Buy The Stock Right Herey name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitaliz e on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on LVMH.
For the past 7 years LVMH stock has been trading in a decent rising channel and just recently retested and rejected the upper resistance trendline at the psychological 900€ level.
Also considering that this is a simple break and retest of the previous all time high from January I am just waiting for bullish confirmation before I think that another push higher will occur.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
skm egg LONG 415 ZONE another stock with rising revenues and rising profits
stocks retraced quite a bit off all tiem highs and moving into ASM
Might be a while before stock really starts moving due to this factor , entering on fib retracements and support , can add at 395 , sl closing below 345 ill be gone
Dow Jones (DJI) -> Back To The TrendlineMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Dow Jones.
At the moment the Dow Jones is retesting its previous all time high which is roughly at the $35.500 level and the index is already starting another bearish rejection.
If we see a retracement back to the lower bullish trendline of the rising channel which is sitting at the $30.000 level, this will be a textbook bullish continuation setup on the Dow Jones.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Dogecoin (DOGE) -> Don't Miss OutMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Dogecoin.
Since May of 2021 Dogecoin has been declining quite significantly and dropped from $0.7 to $0.07 which is more than a 90% correction from the highs.
However Dogecoin is also forming a bullish continuation triangle and after a breakout I think that we will see another bullish pump on Dogecoin with new all time highs in the process.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡