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VeChain: Let’s go! Last week, VET managed to move further away from our blue Target Zone (between $0.0179 and $0.0292). As a result, we now consider the low of the same-colored wave (ii) as established. In the short term, the substructure of the blue wave (iii) could prompt a temporary return into our Zone, which is why we are keeping it active for now. However, the primary trajectory remains upward. Once the blue wave (iii) concludes clearly above the resistance at $0.055, a brief interim correction should follow before another upward move completes the magenta wave (i).
BINANCE:VETUSDLong
by MarketIntel
Oil Market Outlook: Bearish Options FlowA few words about the prospects of oil through the lens of options trading. The sentiment is leaning more bearish than bullish. We're seeing a surge in vertical spreads and butterflies on puts, targeting the $65-60 range for February-March 2025. If we look at the charts, the price action resembles a 'settling' at the support level of $65-66. It’s looking like we might see a support break, potentially a swift one, which could send prices down to a lower range, just like we've seen in the past. But for now, this is just a theory based on price action and the options flow.
TVC:USOILShort
by ClashChartsTeam
AVAX: Gathering StrengthThe AVAX coin has taken a brief pause in recent days, which we attribute to the substructure of the orange wave (iii). In the short term, the price could revisit our turquoise Target Zone (between $29.30 and $17.48), so we are keeping this range active for now. However, the primary trend remains upward, as wave (iii) should extend significantly higher. Following this wave, we anticipate an interim correction, paving the way for another rally to complete the overarching blue wave (i).
BINANCE:AVAXUSD
by MarketIntel
CXW Inverse Head and Shoulder + Bullish Divergence!Hey Folks! Not a fundamental analysis or financial advice, but trading idea on why it could do well in the coming months and beyond. I have discovered a technical repeat pattern in this one. I first found this stock after Trump made his statement regarding large deportations if elected. So naturally I look up prison stocks lol. I made a nice trade on it last time it dipped and reversed, and I want to bring it to everyone's attention. The overall pattern is shaping up nicely for a big move, a long election season is approaching border security will be a big deal and Core Civic will benefit in form of major government contracts, especially if Trump gets re-elected, even Biden might get pressured to crack down on border security. From the company, I'd like to see a new fundamental catalyst to capitalize on this bullish setup. Happy Trading! OnePath
NYSE:CXW
by OnePath
$VRT Head and Shoulders Failure Signal Note: I am LONG NYSE:VRT A Head and Shoulders failure pattern occurs when prices break below the neckline, suggesting a potential reversal to an up-trend; however, the move lower does not gain traction. Instead, prices drift higher until trading above the previously defined Right Shoulder high. My long entry triggers when price > right shoulder high, which invalidates the bearish setup, and signals a continuation of the up-trend as trapped short sellers are forced to cover. Often times, this amplifies the momentum in the move higher​​. Past performance is not indicative of future results. Opinions are not positions, and vice versa.
NYSE:VRT
by jBTCkingaling
1
Understanding Gold's Path to$2680:Key Levels and Market BehaviorThe current correction in Gold is likely targeting the $2680 level, which remains relevant. However, there's also an interesting level at $2640 that has emerged along the way . This doesn’t change the overall bearish outlook for Gold, but I want to highlight something new! I’m pointing out an important detail for you: the price behavior at the $2590 level. Previously, this level was broken by a bearish candle (1), and the price has returned to it (2). The devil is in the details! Here’s the insight: if the price approaches this level from below again (as it has), breaks through, and then holds above it (1-2), we could see an upward trend. And vice versa. This pattern occurs very frequently across all instruments. The reason for the 'trigger' nature of the candle breaking support is that it serves as a trigger for many traders, including large ones. A well-established breakout pattern generates a chain of events and actions that are subsequently utilized by 'other' market participants. Keep an eye on it, or better yet, backtest it and draw your own conclusions!
OANDA:XAUUSDLong
by ClashChartsTeam
Qualcomm: Target Zone Ahead!While many tech-sector stocks are aiming for new highs, QCOM remains locked in a narrow range around the $170 level. Last week, the stock initially reacted to the 23.60% retracement and now hovers near the edge of our blue Target Zone (coordinates: $159.57 to $121.52). Our primary expectation is for the blue wave (IV) to extend further below the support at $151.39, where we anticipate its low point. Technically, a direct breakout to the upside is also possible, as our Target Zone – and thus the minimum correction threshold – has already been reached. If the price decisively breaks above the resistance levels at $193.84, an overarching alternative wave count will come into play (probability: 33%).
NASDAQ:QCOM
by MarketIntel
BEML @ Make or Break pointBEML CMP: 3791.20; RSI: 40.01; BEML has near completion of ABC correction wave (Shown Elongated Flat with Irregular Failure pattern). Basis above chart reading, now BEML has entered time correction zone and may consolidate in band of 4280-3430 , which may last till Jan 2025. If the consolidation band is broken upwards ( 3 day closing above 4280 level) , which may take the script in price expansion mode and new wave formation will take the script to 4604-5052 & finally to 6234 levels. Breakdown below the lower band of consolidation zone and close below 3430, will invalidate the ABC pattern counting and script may slip to 3157 and if this level is broken eventually will find support at 2710 levels. Scenario 1: Breakout above 4280 Buy above: 4280 Stop Loss: 3881 Target: 4604-5052-6234 Scenario 2: Breakout below 3430 Short: 3312 Stop Loss: 3430 Target: 3157 -2710 ✅ FOR MORE TRADING IDEAS LIKE THIS, PLEASE LIKE, SHARE, AND FOLLOW MY IDEA STREAM ✅
NSE:BEML
by DrPrashantVerma
Boeing: Long Opportunities!As expected, Boeing has recently moved down into our green Target Zone between $146.35 and $113.35. Within this price range, we anticipate the low of the green wave . Once this low is established, we expect the stock to resume its upward trajectory, as the subsequent green wave should have significant potential, targeting levels well above the resistance at $267.54. Our Target Zone can thus serve as an entry point for long positions. To manage risk, traders could place a stop-loss 1% below the lower boundary of the Zone.
NYSE:BA
by MarketIntel
Cardano: In Wave [v]From the low of the orange wave on November 4 to the peak of the subsequent orange wave last Sunday, ADA surged by more than 100%. The brief pullback in the orange wave was caught by our now grayed-out Target Zone. Currently, the orange wave should be underway, potentially pushing the price well beyond the $0.65 resistance level. However, there remains a 33% chance for a bearish short-term alternative scenario. In this case, an imminent sell-off into our green Target Zone between $0.44 and $0.35 would occur. This would imply that ADA completed its orange five-wave upward structure at the $0.65 resistance and has already entered the subsequent corrective green wave alt.2.
BINANCE:ADAUSD
by MarketIntel
Polygon: Shaken UpFollowing an impressive 60% rally from the low of the green wave on November 5, POL has seen a sharp pullback since Tuesday, shedding about 20% of its value. The price remains stuck within our blue Target Zone between $0.30 and $0.47. However, it should exit this range during the ongoing blue upward wave (i) to surpass the August 21 high at $0.60. However, if the price instead falls below the support at $0.28, the green wave alt. will mark a new low. This would delay the development of the blue five-wave upward structure – a scenario we rate with a 37% probability.
CRYPTOCOM:POLUSD
by MarketIntel
Gold Continues to Plunge (November 13)The rise in the US dollar has diminished the appeal of gold as a safe-haven asset, while expectations surrounding Trump's economic policies, such as tax cuts and infrastructure investment, have led many investors to shift towards riskier markets, driving gold prices lower. Specifically, gold has dropped to around 2,600 USD/ounce, marking a significant decline compared to previous days. Looking at the price channel, gold is currently moving in a downward trend. Technical indicators show that gold has broken through several key support levels, especially below 2,650 USD/ounce, suggesting that selling pressure is intensifying. If the downward trend continues, the next support level could be 2,550 USD/ounce, where gold might find temporary buying interest. However, if gold fails to hold this level and continues to drop below 2,500 USD/ounce, the price could continue to plummet, widening the decline in the short term.
OANDA:XAUUSD
by Alisa_Rokosz
The $2680 Question: Will Gold Correct or Continue to Fall?The current chart setup for Gold is decidedly bearish: we’re seeing a breakdown through key support and a local low. This is clear and hard to miss. Retail traders are diving in, buying the dip, and they’re not in a rush to close their long positions, hoping to ride it out. This sentiment is actually quite good for the bearish trend. That said, when we zoom out and look at the bigger picture, a potential correction to around $2680 is on the radar. It might not happen, of course; I’m not a fortune teller. But it’s definitely a possibility worth considering. Here’s the reasoning behind this potential correction scenario: We have a solid liquidity level where buyers could be lurking, and there were compelling visual cues to establish positions there (uptrend + buying after a pullback + following a strong bullish candle). Plus, the open data backs this up (see attached screen) So, if we do see that correction materialize, I’ll be looking to open some shorts at that level.
OANDA:XAUUSDLong
by ClashChartsTeam