Chart Patterns
Is The NAS100 Set For Possible Bullish Move? Key Price Action Si👀👉 The NAS100 is showing bullish momentum across the monthly, weekly, and daily charts; however, a notable pullback is occurring at a critical support level. I’m monitoring this area for a potential buying opportunity that aligns with the key criteria discussed in the video. In this analysis, we’ll identify important price action signals to watch and outline strategic positioning for the next potential move. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. 📊✅
USDCHF BULLISH FOR 80PIPSTrend Analysis
Higher Time Frames: Confirm a broader bullish trend or at least an uptrend in the larger time frames (e.g., daily or 4-hour). If EUR/CAD has been making higher highs and higher lows, this confirms that the pair has bullish momentum.
Shorter Time Frames: A bullish reversal or continuation pattern on the 1-hour or 4-hour chart can provide the signal entry.
2. Support/Resistance Levels
Entry Point: Look for a clear support level where the price has reacted several times. This level may align with Fibonacci retracement levels (like 50% or 61.8%) from a recent up-move, reinforcing its reliability.
Resistance Target (80 Pips Up): If you see a nearby resistance level approximately 80 pips away from the entry, it offers a natural target zone. This could be a previous high or a strong Fibonacci extension level.
3. Risk Management
Stop Loss (25 Pips): Place the stop just below the last swing low or a minor support level, as long as it’s within 25 pips. Keeping it below a reliable structure means it’s positioned to withstand minor pullbacks while keeping risk limited.
Risk-Reward Ratio: With an 80-pip target and a 25-pip stop, the risk-reward ratio is about 3.2:1, which is ideal for setups with moderate confidence.
4. Momentum Indicators
Oscillators (RSI, MACD): An RSI reading around 40–50 in an uptrend (4-hour or daily) can suggest bullish continuation, while a bullish MACD crossover could further validate this.
Moving Averages: Price trading above key moving averages (e.g., 20 and 50 EMA) confirms trend strength and reduces the likelihood of a reversal in the trade.
$QQQ $NASDAQ : WE WILL BE AT ATH'S NEXT WEEK. HERE IS THE CURE! NASDAQ:QQQ NASDAQ:QQQ WE WILL BE AT ATH'S NEXT WEEK. HERE IS THE CURE!
In this video, we will discuss the following
1.) We will look at the technicals and charts while going over multiple indicators and patterns pointing us in one direction on the markets...HIGHER
2.) Stick around to the end of the video as I give you the CURE to the markets' 3-5% pullback from recent highs, which will indeed take us to ATHs next week!
Drop a comment below if you learned something new or want a deep dive into anything discussed in this video today.
Stay tuned for more.
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US30 H4 - Long Signal!!Something like this would make sense for us on Dow Jones, we gapped up massively to start the week and we are still looking to continue higher, once the dust has settled, we can see where we are on US30 and which zones are in play. Hopefully we can gain something buy catching longs from this 42,300 price when it trades higher and retests again as support price. This 42,300 price when it trades higher and retests again as support price.
We saw a big selloff Friday, dumping as much as 600 points in a single 4 hour period, seeing that move correct and sustaining would be a requirement for what we are after. The market gaps were no doubt significant, being in excess of 100 points.
Gold rebounds and corrects, waiting for non-agricultural dataIn the early trading of gold, short (buy decline) in batches, 20% of the position, stop loss 6 points, target 2745-2730, break to see 2720
Gold callback near 2718-2720, long (buy rise) in batches, 20% of the position, stop loss 6 points, target 2735-2745, break to see 2750
Currently, the price has fallen below the upper and lower lines, but it did not close below. The key point is whether it can continue today. Today is the first day of the monthly line change. There is a large gap. The probability of covering this month is very high. The four-hour rebound at the lower track support, the overall break Bottom, the hourly chart has a big negative line that broke the lower line and the acceleration line downward. It is currently in a weak correction. Whether it can recapture the lower line and the acceleration line is the key. If it is recaptured, it will return to the second highest point of the second decline last night. So today we will focus on two points, one is 2758, and the other is 67. The support below is still 30, and the second is 2718-08. The 1-hour moving average of gold has begun to turn downward. If the 1-hour moving average of gold forms a dead cross downward, then the downward space for gold will continue to open. Gold will rebound under pressure at 2758 during the day. It will continue to go short at highs below 2758 in the European session. Go short near the current price of 2755. On the whole, today's short-term operation strategy for gold is to mainly go short on rebounds and to go long on pullbacks. The short-term focus on the upper side is the 2758-2760 resistance line, and the short-term focus on the lower side is the 2738-2740 support line.
#GOAT/USDT Trade Setup. SPOT and FURTURES!#GOAT has broken out and is currently in a retest phase.
As this is a meme coin, doing your own research is crucial (DYOR).
These coins are highly volatile, so using low leverage is advisable when trading them.
Entry Levels:
- 0.6628
- 0.6433
- 0.6100
-0.5889
Stop Loss (SL): 0.5505
Targets:
- 🎯 0.689
- 🎯 0.723
- 🎯 0.745
- 🎯 0.778
- 🎯 0.812
- 🎯 0.869
⚠️ DYOR (Do Your Own Research), NFA.
Do hit the like button id you want me to post more.
Thank you
#PEACE
I CALLED THE $PLTR TOP! Down 8% since. Here's where we are goingNYSE:PLTR
CALLED THE NYSE:PLTR TOP AS WELL! Down -8% since. Here's where we are going
The thesis explained below:
1.) Williams R% had a down slop if you drew a line from the 01JUL2024 top to the most recent 21OCT2024 top. It hit this top 4 times since the first one and everyone was lower indicating resistance and lower tops.
2.) You have a Multi-year CUP on the weekly without a handle formed. We need to form that handle before we go higher that coupled with valuation and the stock price getting ahead of the company's numbers is another reason that plays into this.
3.) The handle would be a perfect little handle with a Volume profile gap fill down to the next volume shelf at $36.50-$37.50.
4.) RSI was in overbought area and finding multiple tops with resistance. Also, it was hitting and rejecting off the same top as previous ATH's back in Jan2021.
5.) Double top on the stochastic and red through yellow downward.
6.) Just shows the date I called it out which was Sunday. Also, time stamped on my repost here. 😁
Thanks for reading! I hope you enjoyed my reanalysis of a thus far predicted pullback. It may not hit my target but that's not the point. The point is being able to realize when something is lining up to turn against you or turn with you to the upside. Also, to realize the fakeouts in the market like what I believe the pullback is on the NASDAQ:QQQ which I made an in depth video going into depth about just like this one. It's pinned on my profile if you haven't seen it yet.
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Liquidity taken out pair.GBP USD the GBP/USD pair and noticing patterns related to liquidity and order blocks. When liquidity is taken out, it often creates opportunities for traders to enter at better levels. Your observations about the H1 order block and price action could provide valuable insights for your trading strategy.
Gold-Trade Plan -29/10/2024Dear Traders,
Gold has consolidated near the previous high during the Asian session. If the price fails to clear this resistance, we may see a retest of the 2700 support level. Alternatively, a successful breakout could target multiple resistance levels at 2771-2773, 2789-2790, and 2807.
Dont Forget Like&Comment please !
Regards,
Alireza!
Gold: Dual Impact of NFP and Geopolitical RisksGood morning, everyone!
Yesterday’s intense market fluctuations made fortunes for some and losses for others overnight.
As time progresses, we see clearly on the 30-minute chart that MA60 has shifted downward from around 2770 to 2760, while the primary uptrend support has moved up from 2730 to approximately 2740. This suggests that, under MA60 resistance, gold might retrace to test support near 2740.
Meanwhile, the upcoming Non-Farm Payroll (NFP) and unemployment data will be key drivers for gold’s direction. And don’t overlook another major factor: a potential response from Iran, which could bolster gold’s safe-haven demand.
After reading this, do you feel more clear on your trading strategy? If not, feel free to read it again, or reach out to me—I’m here to help clarify and refine your approach!
Recognize the problems that you have..Trading is a complex venture that involves understanding financial instruments, charts, patterns, market conditions, risk management and other factors.
Becoming a successful trader requires more than technical knowledge. You also need to develop the right mindset to navigate the psychological intricacies of trading.
Human emotion, instinct, and behavior can profoundly impact your decision-making process. That’s why it’s important to understand trading psychology.
~ OGwavetrader
XAUUSD Gold trend analysis todayI know many people are waiting for my analysis today.
The next trend analysis of gold is drawn in the chart using the hourly cycle.
(1): Technical analysis of the bull market
The current key price pressure levels are in the following order:
2758-2760 range
2770 area
2778-2780 range
2790-2800 range.
All of the above are the prices we need to pay attention to when we are long. They are of great significance to the transaction and directly determine your offense and defense.
(2): Technical analysis of the bear market
We need to consider the worst possible scenario, after all, today is Friday.
The current key price support levels are in the following order:
2758-2760 range
2753 area
2736-2740 range
2710-2720 area
Near 2680
We cannot predict the unknown, but we can clearly make a reasonable trading plan based on the current situation
My deduction basically covers the essence of all technical models, which is a summary of experience and wisdom
You can clearly see the graphics I drew to learn
Reasonable division and fractal
So at present we regard 2758-2760 as an important watershed between longs and shorts
Important range for intraday trading today
Next I will continue to update and optimize the next trend. Thank you for your attention. Please support us by liking and sharing the post. And leave your views in the comment section
Dogecoin: Elon Musk Wins Lawsuit Over PAC’s $1M Voter GiveawayIn a turn of events that's stirring both the political and crypto worlds, Elon Musk has scored a legal victory amid mounting controversies over his $1 million voter giveaway initiative. This comes as the U.S. election looms, with Musk's Political Action Committee (PAC), America PAC, under scrutiny for potentially swaying voters through financial incentives. While Philadelphia District Attorney Larry Krasner's efforts to halt the campaign have faced judicial setbacks, Musk's influence continues to ripple through the markets, notably impacting CRYPTOCAP:DOGE , a cryptocurrency closely associated with the Tesla CEO.
Legal Rulings and Election Implications
As of October 31st, Pennsylvania state judge Angelo Foglietta has allowed Musk's giveaway to proceed, pending further federal review. Krasner argues the PAC’s financial incentives could unduly influence the election process, citing the giveaway as potentially illegal under state consumer protection laws. However, Musk's defense frames the case as one raising federal questions around free speech and voter engagement, maintaining that the initiative falls within legal bounds as it targets voters in seven key swing states, including Pennsylvania, Arizona, and Michigan.
Federal prosecutors have issued warnings over the initiative, suggesting it may conflict with laws against compensating voters. Critics further question the transparency of Musk’s campaign, particularly concerning how recipients are chosen and how collected data is managed. Compounding the scrutiny, Musk has voiced support for Donald Trump and allocated substantial PAC funds to mobilize Trump’s base, with reports indicating over $120 million spent on outreach campaigns and social media efforts.
Musk’s Influence and CRYPTOCAP:DOGE Price Action
With Musk's prominent role as a driver of Dogecoin’s market value, his involvement in U.S. political controversies is also affecting CRYPTOCAP:DOGE ’s price action. The announcement and ongoing legal proceedings initially sparked volatility, as traders awaited clarity on Musk’s standing and broader market sentiment. Currently, CRYPTOCAP:DOGE is down 2.83%, yet technical indicators suggest that Musk's legal stance and the upcoming election could renew upward momentum if positive news emerges.
Despite recent downward pressure, CRYPTOCAP:DOGE ’s Relative Strength Index (RSI) holds at 63, signaling resilience within a still-active bullish trend. Moreover, the cryptocurrency’s price pattern showcases a symmetrical triangle, a technical structure typically indicative of a possible breakout. With the 63 RSI level implying remaining buyer interest, CRYPTOCAP:DOGE could shift positively if Musk’s influence within the crypto space is reinforced by the PAC’s successful performance or favorable election outcomes.
Analyzing CRYPTOCAP:DOGE ’s Technical Setup
As CRYPTOCAP:DOGE trades within a bullish symmetrical triangle, there are signs of an impending price move. Key support levels include $0.15, while resistance at the upper triangle boundary may test CRYPTOCAP:DOGE 's rally strength. If Musk’s influence reignites bullish sentiment in CRYPTOCAP:DOGE , the breakout from this pattern could result in substantial gains for holders. As the election and PAC developments unfold, Musk’s advocacy for CRYPTOCAP:DOGE , coupled with his high-profile election activities, are set to keep CRYPTOCAP:DOGE traders closely watching.
The Bottom Line
With Elon Musk entangled in election-related legal proceedings and Musk’s America PAC controversy looming large, the impact on CRYPTOCAP:DOGE remains a focal point for traders and enthusiasts alike. For those tracking CRYPTOCAP:DOGE , the correlation between Musk’s actions and the crypto’s price movement underscores his ongoing influence. As the election nears and the legal landscape shifts, Musk’s success in court may very well align with CRYPTOCAP:DOGE ’s next breakout, potentially providing significant opportunities for the coin’s traders.