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Bearish drop off 50% Fibonacci resistance?USD/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit., Entry: 152.83 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 153.54 Why we like it: There is a pullback resistance level. Take profit: 151.61 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Bearish drop?USD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8649 Why we like it: There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.8698 Why we like it: There is a pullback resistance level. Take profit: 0.8614 Why we like it: There is an overlap support level that aligns with the 138.2% Fibonacci extension. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Bearish reversal?EUR/USD is rising towards the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.0896 Why we like it: There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement. Stop loss: 1.0952 Why we like it: There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement. Take profit: 1.0840 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
USDJPY today The USDJPY chart shows a clear downtrend after breaking out of the highlighted price consolidation zone. The pair initially held within a tight range (indicated by the shaded box), but a decisive bearish breakout occurred, signaling a shift in momentum favoring the sellers. The price is now trading below both the 34 and 89 EMAs, reinforcing the bearish sentiment. Key levels to watch include the immediate support around 151.454, which aligns with previous lows. The chart suggests further downside potential if this support level fails to hold. The projected arrows indicate potential retracement levels where price may attempt a short-term recovery before resuming the downtrend.
Short
by Pierce_Bowers
2
NVDIA Don't miss this opportunity. Can even reach $240.NVDIA (NVDA) gave us the most solid buy entry back on our August 08 signal (see chart below), following a -35% decline: Such declines are standard technical buy opportunities especially when taken place at the bottom (Higher Lows trend-line) of the 2-year Channel Up (since October 2022). As you can see, the stock made new All Time Highs (ATH) and as it remains below the middle of the Channel, the upwards potential is significant. As long as the 1D MA200 (orange trend-line) supports, we remain bullish on our original long-term Target ($190.00) but now we feel confident to target by the start of 2025 the upper layer of the pattern, setting Target 2 at $240.00 (Fibonacci extension 3.0). Note also that, as mentioned on our previous analysis, the current Bullish Leg continues to look very similar to the one that bottomed on October 2022. This is also evident on their 1D RSI fractals. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NVDALong
by TradingShot
1
XAUUSD-touched the lower boundary of my sell zoneXAUUSD-touched the lower boundary of my sell zone Hello, traders, over the past 10 days, I’ve consistently noted that XAUUSD is primed for a significant drop, especially after its 2,000-pip gain over 20 days. A strong correction is both healthy and expected. Yesterday, after a brief new all-time high, Gold dropped sharply, declining roughly 600 pips from top to bottom. Despite this correction, I believe there’s more downside potential ahead. I’m planning to sell rallies, especially around the broken confluence support zone, where I’m watching for entry signals. My overall target remains a drop below 2700, with 2690 as a strong support level to test.
OANDA:XAUUSDShort
by peuypaju
1
Microsoft (MSFT) Shares Decline Despite Strong Earnings ReportMicrosoft (MSFT) Shares Decline Despite Strong Earnings Report On 9 October, our analysis of Microsoft (MSFT) suggested that the stock price: → Was forming an ascending channel (shown in blue on the chart); → Could see a rebound from its lower boundary (indicated by an arrow). Since then, the price indeed moved upward from this support around the $411 level, even surpassing $437. However, following Microsoft’s Q3 earnings report released post-market yesterday, the share price faced heightened volatility. In the Q3 report: → Earnings per share (EPS) came in at $3.30, exceeding the expected $3.10; → Gross revenue was $65.58 billion, also above the forecasted $64.57 billion. Despite these positive figures, MSFT shares saw a decline due to high volatility during after-hours trading, reaching $444 at one point and then falling to around $410. This drop may be due to Microsoft’s rising expenses. As reported by The Wall Street Journal, Microsoft’s capital expenditures in 2024 have hit $53 billion (about 28% of revenue), a substantial increase from the 12% average of revenue allocated to capital costs between 2014 and 2023. As of pre-market trading today, MSFT is trading around $417 (approximately -4% from yesterday’s close), likely setting the opening level for today’s main session. Today’s technical analysis of MSFT suggests that the opening may see a bearish gap, potentially pushing MSFT’s price toward the lower boundary of the ascending blue channel, where a new consensus between buyers and sellers could emerge. This sets up two scenarios: → Bulls may see an opportunity for another rebound; → Bears could aim for a breakdown of this key support level, with potential testing of the psychological $400 level. Analyst sentiment remains positive. According to TipRanks surveys: → 27 out of 30 analysts recommend buying MSFT shares; → The average 12-month target price for MSFT is $503. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:MSFT
by FXOpen
4
LAC possible sequence ending? turnaround soon? Target 40+ usd?Following LAC for quiet a few years now; following its 3 count overall moves carefully, and waiting for a pullback. The Multi-year trend moving in a so called ABC structures, likely still forming an overall huge diagonal. It was roundabout at the 0.236 fib retracement for a possible wave 4, when fundamentals has been changed for LAC, primarly the company split and ongoing legal actions which made me wait for further draps, although a 0.236 retracement would have been acceptable. Now, for the white scenario, it is possible we are ending the wave 4 pullback also as a big abc. Being an overall diagonal forming, for a wave 4 the 0.618 is also common, being said, it has almost reached it perfectly, so the risk-reward ratio is getting great for the very long term, to finish off wave 5 also as an abc to the upside, target would be primarly 40-55 usd, in a more bullish interpretation ~69 USD, LIKELY would take also several year (definetely not a few). Keep in mind with our current knowledge, the new mine's production likely ramping up in '26-'27. fib support down at ~2.43, where the second small fib box upper support ~2.34 is an acceptable one IF there is no sustained, comfortable price actio break below. For a bit more "bearish" scenario, we already finished of an "A" wave (orange route), either as a smaller diagonal, or I could make a case for a WXY as well, does not really matter. We are working now on orange circle B, which should be also an abc structure, in which we finished, or near to finish the (A) wave, and a correction should be imminent with a minimal upside target of 6.27 currently, but be aware it is a moving target, as price action evolves we might need to adjus that red resistance box. Standard support box is added for the orange route as well 0.9 usd being the last reliable support for a later evolving C wave. On the 1h, 4h RSI and MACD has already built a nice divergence, on the daily it has started to built, early signs are there but not fully present. Weekly is coming up, towards ground levels. So far all the meaningful MA'S on the daily (9/21/50/52/180/200) was rejecting price action previously, currently trying to break above and close above the 9day SMA. We do have a small head and shoulders pattern as well with a downtarget of ~2.29 which not neccessarly needs to be reached. This is the multi-year big picture, from this point forward switching from a weekly timeframe, to lower ones.
NYSE:LACLong
by tommtajlor
16
THORChain Aiming Lower 4X SHORT—246% PotentialWe are looking at both, bearish and bullish charts. The bearish ones are those that produced astonishing growth last year and into early 2024. The bullish ones are those that are trading at bottom prices or at new All-Time Lows. ➖ THORChain (RUNE) peaked in March 2024, it has been bearish since. We have the same chart patterns and price dynamics as the other Cryptocurrency kings and queens. Is the correction over? We will soon know! Those trading at bottom prices likely ended their correction already, those trading higher might have one final drop to go through before the correction is over; the last leg-down, the final market flush. When the giants crash, money will flow from the big projects to the smaller ones. We already saw some of this yesterday and today. It is likely to intensify in the coming weeks. The market is mixed, it is not easy to navigate. Focus on one chart at the time and all is good. See the trade-numbers below: ➢ SHORT RUNEUSDT Leverage: 4X Entry levels: 1) $5.755 2) $5.250 3) $4.880 Targets: 1) $4.555 2) $4.130 3) $3.763 4) $3.211 5) $2.831 6) $2.155 7) $1.951 Stop-loss: Adjust to your own risk tolerance Potential profits: 246% Capital allocation: 3% ___ Remember to do your own research and planning before trading, this is not financial advice. I am sharing my views and opinions of the chart. The markets are unpredictable, that's what some people say. This doesn't matter, we can still use our brains to trade... The market can be predicted, the proof is in the charts. Thank you for reading. Namaste.
Short
by AlanSantana
4
Gold bulls are done or not yet?Here's an analysis of the XAU/USD (Gold vs. U.S. Dollar) chart based on price action strategy: 1. Trend Analysis: The overall trend appears to be bullish, as seen from the series of higher highs and higher lows in the price structure. Recently, there has been a pullback, as indicated by the bearish candles on the right side of the chart. 2. Liquidity Zones: Liquidity Void: There are visible liquidity voids (highlighted in red) around the $2,750 level, suggesting areas where price may return to fill gaps left by large, impulsive moves. Liquidity Grab Areas: The chart also shows areas marked as "liquidity" where stop orders may have been triggered. These regions are potential reversal or retracement zones. 3. Support and Resistance Levels: Resistance Zone: Around $2,760, there is a resistance level, as seen from multiple rejections. A break above this level could indicate further bullish continuation. Support Zone: The $2,735 - $2,740 range acts as a support area. A break below this level might lead to further downside, targeting the next support around $2,717. 4. Price Action Observations: The recent red bearish candle indicates sellers are actively testing the support area. If buyers step in at this support zone ($2,735 - $2,740), there could be a bounce, targeting the $2,760 resistance zone again. Failure to hold above $2,735 could lead to a further decline, possibly aiming for the $2,717 level as a next support. 5. Bias: Bullish Bias: As long as price remains above $2,735, the bias remains cautiously bullish, with a potential retest of $2,760 and possibly higher if this level breaks. Bearish Scenario: If price breaks below $2,735 decisively, the bias shifts bearish, with a target around $2,717. 6. Potential Trade Ideas: Long Position: Enter around $2,735 - $2,740 with a stop below $2,730, targeting $2,760 and beyond. Short Position: If price breaks below $2,735, look for a retracement back to this level to confirm resistance before entering short, targeting $2,717. Summary In summary, the market is at a critical support level, and price action in the next few candles will confirm the direction. Holding above $2,735 suggests bullish continuation, while a break below favors a bearish move.
OANDA:XAUUSD
by merlyvasaya82
BULLISH BTC CHEATSHEET for the next 12 months- Breakout EmminentBTC has been forming megaphone bull flag for the last 7 months adding validation to the beautiful CUP & HANDLE it has printed and recently tried to break out of this bull flag in the weekly chart testing the boundaries of the pattern. One may wonder if there is any logical behavior in this price action and some investors like me can point out to WYCKOFF Re-Accumulation happening. If you look closely it has resonated closely to Wyckoff's theory and we may be at the LPS portion of the re-accumulation. Possible breakout to the SOS level or some minor sideways movement for the next days. There has also been the bullish MACD cross on the weekly. Long term targets based on sentiment, seasonality and technical analysis indicate a long term target of 120-130k Dec 2024 and 350-380k Mar-Apr 2025. There have been anomalies that have been considered in this analysis such as the Yen Carry Trade issue. Lately there has been some volatility but I don't expect there to be any lows. Breakout is imminent! Looking to see how this plays out.
COINBASE:BTCUSDLong
by KRAKENTHETRADER
2
XAUUSD : Gold price reverses Gold prices have taken a significant plunge, dropping $40.6 to $2,747.5 per ounce. This sharp dip comes as investors take profits after the recent strong rally. However, despite the drop, gold still managed to notch its fourth consecutive month of gains thanks to sustained safe-haven demand. From a personal perspective, it’s likely that gold is entering a consolidation phase. It’s not surprising to see traders cashing in as several upcoming events could impact gold's trajectory, including the U.S. elections and the Federal Reserve meeting. Still, underlying drivers like geopolitical tensions and uncertainties surrounding the election outcome continue to fuel demand for gold, keeping the market in a “buy-the-dip” mode.
OANDA:XAUUSD
by Pierce_Bowers
1
ETH Price Holds Steady at Key Support LevelETHUSDT Technical analysis update ETH price has been trading within a triangle pattern for the past 85 days, with multiple touches on both the resistance and support lines. A breakout is likely soon. If the price breaks above the resistance line, a strong bullish move could follow. However, if it breaks below the support, the price may drop to the $1,800 - $2,000 range. ETH price has formed a triangle pattern at a strong 2-year support line. In weekly charts 100 and 200 EMA acts as a strong support for ETH. Currently, the ETH price is trading at a strong support level, indicated by multiple technical indicators. We can expect a bounce from this level after a few days of consolidation Regards Hexa
Long
by HexaTrades