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GOOGL Techical Analysis for Nov. 1, 2024Key Support and Resistance Levels Immediate Resistance: 171.17 (current ask price). A break above this could indicate potential upside momentum. Next Resistance: 182.02. This level may act as a significant barrier if GOOGL starts to rally. Immediate Support: 163.94, where previous buying activity occurred. If the price retraces, it could find support here. Major Support: 160.98–161.01, marking a stronger floor from prior price action. A break below this zone might signal further downside. Price Action & Trend Analysis Trend: The price has seen a downward pull after a recent rally, suggesting some profit-taking. However, the price currently appears to be consolidating near support zones. Moving Averages: The 9 EMA and 21 EMA are trending downwards, showing that the recent short-term momentum has been bearish. Watch for any crossovers as a potential shift in momentum. Trendline: There is a descending trendline from recent highs, which aligns with the current resistance. Breaking and closing above this trendline could indicate bullish momentum. Entry and Exit Points Entry (Long): If price sustains above 171.17 with strong volume, a possible entry could be considered with a target towards 182.02. Exit: Consider taking profits at 182.02 if entering long. Alternatively, if the price loses support at 163.94, exit longs to avoid deeper downside. Entry (Short): Below 163.94, consider shorting, with an initial target around 161.00 and potentially lower if selling pressure persists. Additional Indicators MACD: The MACD shows a slight bullish cross, which could suggest a near-term reversal in momentum if confirmed with price action. Volume: Volume spikes are seen during sell-offs, indicating active participation in the recent downtrend. Watch for volume confirmation if the price attempts a breakout or breakdown. Disclaimer This analysis is for informational purposes only and should not be taken as financial advice. Please perform your own research or consult with a financial advisor before making any trading decisions. Market conditions can change rapidly, and this analysis may become outdated.
NASDAQ:GOOGL
by BullBear-Insights
Short Term Elliott Wave in Silver (XAGUSD) Looking to Turn HigheShort Term Elliott Wave View in Silver (XAGUSD) suggests cycle from 8.8.2024 low is in progress as a 5 waves impulse. Up from 8.8.2024 low, wave 1 ended at 30.18 and dips in wave 2 ended at 27.69. Wave 3 higher ended at 32.95 and pullback in wave 4 ended at 30.12. The metal extends higher in wave 5. Up from wave 4, wave (i) ended at 32.17 and wave (ii) pullback ended at 31.29. Wave (iii) higher ended at 34.26 and pullback in wave (iv) ended at 33.44. Final leg wave (v) ended at 34.86 which completed wave ((i)) of 5 in higher degree. Wave ((ii)) pullback is in progress with internal subdivision as a zigzag Elliott Wave structure. Down from wave ((i)), wave i ended at 34.43 and wave ii ended at 34.83. Wave iii lower ended at 33.41 and wave iv ended at 34.29. Final wave v lower ended at 33.07 which completed wave (a). Bounce in wave (b) completed at 34.54 as a zigzag structure. Down from wave (b), wave i ended at 33.39 and wave ii ended at 33.97. Wave iii lower ended at 32.48. Expect wave iv rally and another marginal wave v lower to complete wave (c) of ((ii)) before the metal resumes higher. Near term, as far as pivot at 30.1 low stays intact, expect pullback to find support in 3, 7, 11 swing for more upside.
FX_IDC:XAGUSD
by Elliottwave-Forecast
Gold Prices Drop Sharply After Peaking – Will Recovery Return?Hello everyone, Today, November 1, 2024, the global gold price has unexpectedly reversed sharply from an all-time high and is currently trading around 2,745 USD/ounce. The main reason for this decline is the release of U.S. economic data indicating signs of stability and recovery. This diminishes the appeal of gold as a safe-haven asset, while U.S. government bond yields rise and the U.S. dollar continues to strengthen. In the short term, gold prices may remain under pressure if U.S. economic data continues to improve, especially if employment and inflation reports show a positive outlook. However, other risk factors such as geopolitical conflicts or global financial instability could support gold prices. If signs emerge that the Federal Reserve (Fed) will slow the pace of monetary tightening, this could provide momentum for gold prices to rise again.
FOREXCOM:XAUUSD
by Ademha
HUDCO NSE CHANNEL BO WTF POSITIONAL HUDCO NSE STOCK Analysis TRADE PLAN (DTF Close Price for POSITIONAL ENTRY -223 25 % Qty, Add 50% qty 250 DTF Close SL - 192 TARGET --01- 278 , TGT02-- 361 Hold For a -1 + Year or TGT 2 Chart Pattern : STOCK had a 4Month Streak to Touch an ATH of 350, Retracing in below 50% FIBO Level forming a Bullish Flag /Channel Pattern. INDICATORS EMA : The Price is Currently Trading above 200EMA, and 20EMa below 50EMA in DTF. STOCK EMAs are currently in Transitional stage of Bearish alignment where price has recvocered 11 %+ with low Volumes indicating an EARLY start of a bullish Reversal on WTF. FIBO/E : Currently the price is below 50% FIBO Retracement Level, Early Entry can be take as per your risk ability. Safe Investors Enter above 224 . Volumes: There is a no significant increase in Volume on the Weekly Charts for1 Weeks after the 16 weeks Pullback. Maintain a Strict SL Keep in your Priority Watch List Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry).and re enter when trend reverses... Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended. MTFA- Multiple Time Frame Analysis DTF -Daily Time Frame WTF-Weekly Time Frame MTF- Monthly Time Frame ATH-All Time High LTH -LifeTime High RBC&H-Rounding Bottom Cup/Handle BO- Breakout Close EMA -Exponential Moving Average FIBO R/E -Trend based Fibonacci Retracement/Extension SL Stop Loss TBD- To be Decided CHoCH- Change of Character Bullish/Bearish MSB/BOS -Break Out Structure FVG Fair Value Gap 20VMA -20Volume Moving Average SWING/POSITIONAL Trade
NSE:HUDCOLong
by billpramod
CSCOThe CSCO stock is very promising for investors, with excellent indicators. It has formed a symmetrical triangle on the weekly chart, which has been strongly broken out of after a significant accumulation phase at $55.95. Currently, we are at a resistance zone where we expect a correction. There are two scenarios: either a correction to the upper boundary of the triangle, followed by price action that leads to a strong upward movement towards the target, or a deeper correction to the demand zone that coincides with the 200-day moving average on the daily chart, from which we could see strong momentum pushing the price up to $70.50I hope for the second scenario to occur, as it would provide an excellent entry point close to the stop-loss, which is set at a close below $43.
NASDAQ:CSCOLong
by IbrahimTarek
Will #ENSUSDT Explode or Collapse Soon? Key Levels to WatchYello, Paradisers! Are you prepared for what could be a massive move on #ENSUSDT? Let's discuss the latest analysis of #EthereumNameService: 💎Currently, #ENS is gaining momentum at the ascending support line, hinting at a bullish push. If the momentum holds, we might see a strong breakout above the triangle, setting the stage for a significant rally. But here's the kicker: we’re not quite there yet. 💎To confirm a genuine bullish move, we need a clear break above the triangle and the internal supply zone at $22.99. This breakout must be accompanied by solid buying pressure—think strong engulfing candles and consistent momentum. Without these signs, jumping in early could be costly. Patience is the name of the game here. 💎But what if the bullish momentum fades? If #EthereumNameService struggles to breach the triangle and the $22.99 level, it might signal waning buyer strength, inviting sellers to take control. The critical area to watch is the lower demand zone at $13.22. 💎This historically strong support level could be our last line of defense for bulls. If the price bounces from $13.22, the bullish outlook could stay intact. But—brace yourself—a break below $13.22 would invalidate the bullish setup and could trigger a sharp decline. Stay patient and only act on the best and high probability setups. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
Gold & Silver Enter Phase #3 of the Excess Phase Peak PatternGet ready. Both Gold & Silver have moved into Phase #3 of the Excess Phase Peak Pattern - suggesting Gold & Silver will consolidate briefly before either attempting to break downward toward an ultimate low or revert higher, trying to take out the recent highs. I estimate that Gold and Silver will break downward as fear and panic settle into the market ahead of the US elections. If you've been following my research for the past 4+ weeks, you already know I predicted this move nearly a month ago, and now we are seeing Gold and Silver roll strongly to the downside. What is interesting is that they both set up excess phase peak patterns. Gold set up a very quick Phase #1 & #2 (flagging) pattern, whereas Silver's #1 & #2 setup took much longer. I believe Silver is leading the markets a bit right now throughout this Excess Phase Peak pattern. If my research is correct, Gold and Silver will break downward over the next 4+ days to identify a substantially lower low - the Ultimate low. After that, Gold and Silver will base/bottom and move into a very strong recovery phase. Are you ready for market opportunities over the next 5+ years? Follow my research/videos to learn how you can capitalize on these big moves. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
COMEX:SI1!Short
by BradMatheny
2
BULLS COULD COME KNOCKING!! A LONG IS COMINGThe pair has been trading in bear for 3 weeks now completing the M / DOUBLE TOP STRUCTURE. Now that the structure is complete, symmetrical triangle has been formed indicating a bullish continuation may begin. SUPPORT: The is a key support 2 1.06520- 1.07745 which has been tested many tomes RESISTANCE: The pair faces immediate resistance at 1.08420. A breakout around this point could lead to a potential buy with a target at 1.11980 which is the major resistance. BUY POINTS: Buys can be taken around 1.06545 , and above 1.08420 . this is a long buy it could materialise this week or next week . good luck and keep eye on it. LEAVE YOUR COMMENTS
Long
by ForxTay
4
GBPCHF H1 short from resistance tp +90 pips🔸Hello traders, let's review the 1hour chart for GBPCHF today. We are recently trading in well defined range so it's recommended to short sell from heavy overhead resistance, we got clearly defined S/R zones on the 1hour price chart. 🔸Resistances at 1265 1285 1310. Supports at 1215 1195 1165. Currently short-term weak bounce in progress will most likely get faded from resistance. 🔸Recommended strategy for GBPCHF traders: focus on short selling high near 1285 price cluster SL fixed at 25 pips TP1 +45 pips TP2 +90 pips. Expecting rejection from overhead resistance and re-test of the mid of the prior accumulation range. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
23
SHIB/USDT Weekly Analysis: Potential Bullish Breakout in SymmetrShiba Inu (SHIB) has garnered attention as a high-volatility, speculative asset primarily driven by community sentiment rather than intrinsic utility. SHIB lacks the fundamental use cases that support assets like Ethereum or Bitcoin, making its price action more susceptible to market hype, social media trends, and retail speculation. This reliance on speculative fundamentals creates opportunities for large price movements, both upwards and downwards, depending on market sentiment and external factors. Technical Analysis: 1. Symmetrical Triangle Pattern: The SHIB price action appears to be forming a symmetrical triangle on the weekly chart, with the asset making lower highs and higher lows. This consolidation phase suggests that a breakout could occur soon. Given SHIB’s speculative nature, a breakout in either direction could lead to rapid price movements, particularly if volume confirms the trend. 2. Volume Profile and Accumulation: The volume profile indicates significant accumulation within the current range, suggesting that buyers are showing interest in this price zone. This accumulation zone may provide a strong support level, potentially fueling an upward move if SHIB breaks out of the triangle. However, low utility could mean that any upward trend may not sustain without continuous market interest. 3. RSI and Bullish Momentum: The Relative Strength Index (RSI) on the weekly chart shows bullish divergence as it bounces from oversold levels, indicating potential for bullish momentum. However, it’s essential to consider that such signals in speculative assets can often lead to brief rallies followed by corrections, as speculative interest fluctuates. 4. Resistance and Potential Upside: The price has encountered resistance at a previous high marked by the purple trendline, a level that SHIB will need to overcome to signal a robust bullish trend. A breakout above this level could initiate a speculative rally, targeting previous resistance levels around 0.00004000. However, SHIB’s lack of fundamental backing means any rally may be highly volatile, and profit-taking should be a consideration for traders. Speculative Fundamentals and Volatility: Shiba Inu’s primary driver remains community-driven initiatives, token burn events, and potential listings on major exchanges. Unlike assets with inherent utility, SHIB’s price action is largely detached from fundamental developments and is influenced more by social media narratives and whale trading activity. This creates an environment where speculative fundamentals can lead to sudden, unpredictable price swings, and traders must be cautious of potential pump-and-dump scenarios. Prediction: If SHIB can sustain support within the triangle pattern and break above the resistance trendline, there’s potential for a speculative rally towards 0.00004000. However, given SHIB’s speculative nature, traders should watch for volume confirmation on any breakout and remain mindful of potential false breakouts. Unlike more fundamentally-backed assets, SHIB’s price movements are likely to be more erratic, and any significant gains should be approached with caution. Disclaimer: This analysis is based on speculative fundamentals and market sentiment and does not constitute financial advice. All trading decisions should be based on your own risk tolerance and analysis.
Long
by ImmortalEmerson