Beyond Technical Analysis
Crude Oil long term analysis⭕WTI has taken downward trend since (18Jul 24) , Because of industrial countries had bad data and concern about suffering recession the price gone down.
🔻In the another side OPEC+ decided increaseof their supply.
🔻China's data not promising, China is the biggest importer of Oil in the world so its pridectable to effect oil price.
🟢Middle east and tension of that has no end ,Analysts alarm to happening War and Geopolitical things limtied down trend of price.
🟢Fed's recently reduced intrest rate by 0.5 which is big move since years ago ,And they decided to cutting rate by 0.25 from other meetings it mean Soft Landing , in this case it will help to US Gov'
to improve the economic and WTI price mostly dependent to US economic so it will help to growth Oil price
🔵So many countries economics related together so if US ecnomy will recovery it self
China , Japan , Euro zone , Australia , Canada , ..... will betterment too so if the economics of countries better so productions and output will growth that causes import Oils and counsume.
✅In my idea 66$ to 63$ very big support area and good place to order Buy.
my expectation is WTI in 2025 will growth smoothly to our other targets.✔✔
💌pls add your idea too and let me know❗❓
Technical Analysis of EGX 30 Index ChartHello Dear Traders,
### **1. Overview of the Chart**
- **Gann Trend 1/1 Line:** Represented by the red diagonal trendline, indicating a significant Gann angle.
- **Parallel Channels:** Yellow and white lines represent upward-sloping price channels.
- **Current Price:** **30,474.90 EGP**
- **RSI Indicator:** The Relative Strength Index (RSI) is displayed at the bottom to show market momentum.
---
### **2. Key Observations**
1. **Price Position Relative to Gann Line:**
- The price is hovering **near the Gann 1/1 line** (red trendline) acting as resistance now..
- This line acts as both a **support** and a **resistance**. A break above this line may trigger further bullish momentum.
2. **Price Channels:**
- The price is trading within an **upward-sloping channel**.
- **Midline (white):** The price has been consolidating near this critical area. A sustained move below this level could target the lower channel boundary.
- **Upper Boundary:** Resistance lies near **32,000 - 33,000 EGP**.
- **Lower Boundary:** Support near **30113 - 29,000 EGP**.
3. **RSI Analysis:**
- **Current RSI Value:** **39.60**, which indicates the market is **approaching oversold conditions**.
- **RSI-based Moving Average:** **49.92** shows bearish momentum.
---
### **3. Potential Scenarios**
#### **Bullish Scenario:**
- **Condition:** Price holds above the **Gann 1/1 line** and rebounds towards the upper channel.
- **Target Levels:**
- **32,000 - 33,000 EGP** (upper boundary).
- **Current support from here to **30,113 EGP**
---
### **4. Recommendations:**
- **Short-term Traders:** Watch for price behavior near the **Gann 1/1 line** and RSI support.
- **Breakout Watch:** Monitor price for a break above the current channel midline.
- **Confirmation Signals:** Use **RSI divergence** or price reaction near **30,113 EGP** for entry signals.
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Doge update 18/12Doge has been in consolidation for some time now, which is to be expected after extended periods of expansion.
I am not trying to call a bottom, I am simply pointing to what I think based on the charts.
If it does not run from here, then I see the 3 equal lows being ran before continuation can continue.
A Google Short Term TradePrice is back to balance at the Center-Line.
From here we have a 50/50 chance that it will either shoot through it, or turn and trade in the opposite direction.
My bias is short because of the overall market situation.
(Partial) Target is the GAP-Fill at the L-MLH, which a Stop I can afford and not even think about it when it get hit.
Gold - The Next Bitcoin?The markets are beyond stretched—they’re squeezed all the way to the moon.
Today, I heard some major news: Big Money has already left the party, and others are following suit. This is HUGE. It’s also that classic moment when the barber starts sharing his “secret” stock tips.
Now, if you pair this with my recent Bitcoin post—where I outlined how a tulip-like crash could unfold—you’ll see we’re staring at the perfect recipe for a stock market KABOOM.
So, where will traders, investors, and even grandmas rush to when this unwinds? My bet: Gold. Where else? This is when the Gold Rocket ignites, replacing Bitcoin and the MAG7, creating yet another bubble—a glittering tulip 5.0. And just like before, it’ll burst when the fuel runs out.
Buckle up! 🚀
Nifty 50 hero zero trade for 19 December 2024 expiry Trading Guidance for NIFTY50 index options
In the world of trading, greed and fear are your worst enemies. Trading without full knowledge and proper back testing—whether of your own trades or the advisors' suggestions—is a recipe for disaster.
Important Note: Read and understand everything in this post and any accompanying images before taking any trade action.
Nifty 25000 Call Option
Current Scenario: There's a gap in the Nifty 50 index which could drag the index towards 24720 around expiry (possibly on Friday when Sensex has its weekly expiry). This is a high-risk, high-reward trade (hero or zero).
Buying Price: ₹5.10
Maximum Potential: ₹235
Target Price: Set the final target at ₹184, as the price is expected to drop sharply after reaching between ₹140 and ₹235.
Profit Strategy: If the price hits ₹140, it's wise to take some profits. Don't be greedy.
Loss Strategy: Cut half the trade amount if it drops to ₹3 in loss or reaches ₹10 in profit, whichever comes first.
Best Timing: Aim to enter or exit trades during high market activity periods to maximize gains and minimize losses.
Capital Management
Divide Your Capital: If you're following my trading suggestions, divide your total capital by 40. No single trade should exceed 1/40 of your capital.
Risk Management: Only trade with money you can afford to lose. Avoid going all-in to ensure you have funds for future trades in case one fails.
Market Conditions
Stay updated with the latest market trends and news that could impact the Nifty 50 index.
Learning Resources
For those looking to deepen their understanding, consider reading books on options trading, attending webinars, or following reputable market analysts.
Risk Disclaimer
Remember, trading options involves substantial risk and may not be suitable for every investor. Always trade responsibly.
For more information about money management for options trading, feel free to contact me. I'll provide all the details you need. Remember, prudent management of your capital is crucial to long-term trading success.
Stay informed and trade wisely!
XRP's Tug-of-War: $2.45 in the SpotlightXRP is back to $2.45 zone, trying to confirm it as a support.
1. If the price faces rebound from $2.45 with strength it will have to deal with $2.59 (dashed green projection).
2. A breakout of $2.59 signals strong buyer activity and could pave the way for a climb toward $2.82, the last key resistance below ATH (solid green projection).
3. On the downside, failure to hold above $2.45 may indicate weakening sentiment, potentially leading to a drop toward the next important support level at $2.19 (red projection).
GBP/USD Short bias - Targeting Last week's low.The GBP/USD pair saw a bullish trend yesterday following better-than-expected claimant data. However, today's inflation rate increase to 2.6% from 2.3% has put pressure on the pound With the Federal Reserve expected to lower rates later.
Following the bullish Monday and Tuesday days, this means might just show price opened and rallied above last week's close and might now be distributing lower.
The pair saw Asian highs and lows taken out, leaving a sell-side imbalance in the 1-minute timeframe. With the short bias identified, this creates a near-perfect entry targeting sell-side liquidity on previous weekly lows and partials along the road.
Bias: Short
Entry: 1.27070
Targets:
Previous weekly lows
atomusdt buy midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
Pride Comes Before the Fall: A Trading Lesson in HumilityIn trading, as in life, pride can be your undoing. The saying “Pride comes before the fall” holds a profound lesson for traders who let overconfidence cloud their judgment. While confidence is an essential trait for success, excessive pride often leads to reckless decision-making, ignored warnings, and ultimately, significant losses.
This post explores the dangers of pride in trading and how maintaining humility can safeguard your capital and enhance your decision-making process.
The Dangers of Pride in Trading
1. Overconfidence in Winning Streaks
Few things inflate a trader's ego like a winning streak. When every trade seems to go in your favor, it's tempting to believe you've mastered the market. However, markets are dynamic and unforgiving.
- Overconfidence may lead you to take larger positions, abandon risk management strategies, or ignore market signals.
- A single unexpected move can erase gains and even wipe out your account.
2. Refusal to Admit Mistakes
Pride can prevent traders from accepting when a trade idea is wrong. This often results in:
- Holding onto losing trades longer than necessary.
- Averaging down into bad positions, magnifying losses.
- Ignoring stop-loss levels because of a belief that the market will "come back."
3. Chasing "Revenge Trades"
After a loss, pride might push you to recover your losses immediately by doubling down on risk. Revenge trading is driven by emotions rather than logic, often leading to bigger losses.
4. Ignoring the Bigger Picture
Pride can blind traders to critical market realities. Instead of adapting to changing conditions, they stubbornly cling to outdated strategies or refuse to learn from others.
How to Keep Pride in Check
1. Treat Every Trade as a Probability Game
The market doesn't owe you anything, and no strategy guarantees success. Every trade involves risk, and outcomes are influenced by factors beyond your control.
- Focus on executing your strategy consistently rather than trying to "win."
- Acknowledge that losses are a natural part of trading.
2. Stick to a Risk Management Plan
Pride can tempt you to exceed your risk limits. Combat this by:
- Using fixed position sizes relative to your account balance.
- Setting stop-loss levels for every trade and respecting them.
3. Practice Continuous Learning
Markets evolve, and so should you. Humility keeps you open to learning new strategies, techniques, and perspectives.
- Analyze your trades, both wins and losses, to identify areas for improvement.
- Seek mentorship or study market history to gain broader insights.
4. Detach Emotionally from Trades
Acknowledge that a single trade doesn't define you as a trader.
- Avoid tying your self-worth to your trading results.
- Focus on the long-term process rather than short-term outcomes.
Conclusion
Pride is one of the most dangerous emotions a trader can harbor. It clouds judgment, promotes reckless behavior, and blinds you to market realities. Trading is not about proving you're right—it's about staying disciplined, managing risk, and adapting to ever-changing conditions.
Remember, humility is your greatest ally in the market. Stay grounded, respect the risks, and you'll be better equipped to navigate the ups and downs of trading without falling victim to the perils of pride.
Pro Tip: Write this on a sticky note and place it near your trading screen: "The market is always right. My job is to listen, adapt, and act accordingly."
Bitcoin Tests Key Support: Eyes on $103KBitcoin is technically bullish in the 4-Hour chart. However, it gave up bullish move from the last days and is now testing the key support zone near $103,033.
1. A pullback to retest the $103,032 with a dip below it, followed by a strong rebound above this level will push Bitcoin price towards $108,550 (dashed green projection).
2. A decisive move towards $108,550 and breakout with confidence could pave the way for further upward momentum towards $113,692(solid green projection).
3. If Bitcoin fails to hold above $103,032 and breaks below this level without a swift recovery, it could indicate a loss of bullish strength and Bitcoin chart will turn to neutral. This may trigger increased bearish activity, leading to sideways movement or a potential decline toward the $99,108 support level (red projections).
#XAUUSD 1HXAUUSD Based on the 1-hour analysis, I am observing the resistance zone around 2660.00 and 2665.00 for potential selling opportunities.
Target levels: 2655.00, 2640.00, 2625.00, 2614.00, and 2605.00.
Key pattern: Bearish engulfing near the resistance area.
Important note: Avoid placing any pending orders at this time. Wait for strong bearish confirmation signals before entering a trade.
If the price successfully closes above 2672.00, it is recommended to avoid taking sell positions.
High certainty pickBased on the estimated 2026 EBITDA of 76 Crs INR and Forward EV/EBITDA multiple of 21x, I think the stock may have an FV of 94 INR (upside of 20% from 79 INR).
The EBITDA projection stems from assuming higher capacity utilization in 2026. The current capacity of the hospital is sitting around 71%, due to their recent expansion. I am of the view that as they market the hospital further they will get back to the 85% - 90% utilization range. To be conservative, I have modeled 85% OPD utilization in 2026, however, there may be a good shot their capacity may reach 90% in which case the stock could rally >100 INR. For OPD/IPD revenue, I have assumed no growth in 2026. If I add even below-average growth, the FV jumps >100 INR.
Thus, considering the recent sell-off of 25% from its high, and decent upside in a conservative scenario, this could be an inflection point for the stock.
This is not investment advice, this is what I AM GOING TO DO.
Crude Oil Eating Up Time - Plate almost emptyPrice bounced many times at the Green Support-Zone. It's the same level where the Huge Pendulums Fork Center-Line is (white-dashed).
Next, we have the Yellow Fork.
Price traded outside the L-MLH, bounced a couple times at the Support-Zone and eat up time.
But now, I think the "Plate" is almost empty.
Why? Price arrived at a decision point, a confluence point. This confluence point is where the Warning-Line and Price intersect.
To me, a Long Trade is more likely than a Short.
- world wide tensions
- so many bounces at the Support-Zone, they won't let price go down much
- price has not re-tested the L-MLH of the Yellow Pitchfork
As this is a very long term play, it's obvious that this Chart/Idea would serve to build a position, rather than using it as a simple trade.
#XAUUSD 4HXAUUSD Based on the 4-hour analysis, I am currently monitoring key support levels at 2610.00 and 2605.00 for potential buying opportunities.
Target levels: 2660.00, 2680.00, 2700.00, and 2780.00.
Important note: If the price closes below 2600.00, it is advisable to avoid any buying positions.
For now, refrain from placing any pending orders. Wait for strong bullish confirmation signals before entering a trade.
This setup represents a significant swing trade opportunity.
EURUSD - LONG WAY FROM HOMETeam, we have been very successful trading EURUSD,
We are humble and hope it continuing our succcess.
We are looking to enter small portion long for EURUSD at 1.04865-1.04886
Add extra at 1.04657-1.04682
OUR STOP LOSS at 1.04225
Target 1 at 1.05115-1.05150
Target 2 at 1.05200-1.52226
Target 3 at 1.05268-1.05305
NOTE: once it hit our first target, ensure take partial and bring stop loss to BE.
BITCOIN's Distribution, Greed and Dutch TulipsThe **Tulip Mania** of the 1630s was the original bubble—and it was as absurd as it was dramatic. Picture this: a single tulip bulb sold for the price of a luxurious Amsterdam townhouse. Traders flipped tulips like hotcakes, fortunes were made overnight, and the humble flower became a symbol of outrageous wealth and speculation.
Then, in February 1637, the fever broke. Buyers disappeared faster than a Dutch winter thaw, and the market collapsed like a poorly built dike. Those who had mortgaged their futures for tulips were left with nothing but petals and regret. It was a dazzling rise and a catastrophic fall—a timeless lesson in the dangers of speculative greed!
🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉🌷📉
Why do I write about the Tulip Crash?
These days, not many young Trader and Investors know about it. And why not learn from the past?
Happy profits all.
#EURNZD 2HEURNZD 2-Hour Analysis
The EURNZD pair is forming a rising wedge pattern on the 2-hour chart, which often signals a potential bearish reversal. The price is trading near the wedge's upper levels, and a breakdown below the support line would confirm selling pressure, offering further sell opportunities.
Technical Outlook:
Pattern: Rising Wedge
Forecast: Bearish (Sell, and Sell More on Support Line Breakdown)
Entry Strategy: Initiate a sell position if the price shows bearish signals near the wedge's resistance. Add to the position or open new sell trades once the support line is broken and confirmed with a retest or bearish price action.
Traders should monitor indicators like RSI for overbought conditions or MACD for bearish crossovers to strengthen the case for a sell. Use proper risk management by setting stop-loss orders above the wedge resistance and targeting key support levels below the breakdown point.