$SPY October 16, 2024AMEX:SPY October 16, 2024
AMEX:SPY retraced to 578.5 levels.
Moving averages gaps are reduced.
Downtrend as it is below all moving averages except 200 averages.
For the rise 566.63 to 585.27 38.2 retracement done.
For the last rise from 574.49 to 585.27 61.8% I done.
Hence it is crucial for 4SPY to hold 576-577 levels today being 200 averages in 15 minutes and fib numbers.
So, for the day for the fall 587.27 to 578.54 i will short at 583 levels for targets up to 576-577 levels. SL 584 with bar close near top of bar.
The number 576-577 also happens to be 9-day average in daily. so i expect some more retracement.
Fibonacci
Solana’s Next Move: Will It Break 163 or Drop to 120? Find OutSolana is at a make-or-break moment. If it can push through 163.25, we could be looking at a run up to 189 and beyond—but if it stays under 157, things could get a little dicey, with a drop to 145 and maybe even all the way down to 120.97.
We’ll break down what to watch for and where the next moves might happen. Solana’s either gearing up for a moonshot, or it’s about to take a nap at 120. Either way, we’re here for it!
If this gave you some clarity (or at least a laugh), don’t forget to like, drop a comment, and hit follow for more updates. Because let’s face it—predicting crypto is like trying to guess when the Wi-Fi will suddenly stop working!
Happy Trading
Mindbloome Trader
Gold’s Push to 2766—But an $80 Correction May Be Coming!Gold is eyeing key levels at 2719, 2738, and up to 2766, but let’s not ignore the potential for an $80+ correction along the way. I’ll walk you through the key targets and where the market might throw us a curveball.
Join me as we break down the technical and figure out if gold is set to rally or hit a correction. If this analysis helped (or at least gave you something to think about), give it a like, drop your comments below, and hit follow for more updates. Your support keeps the content rolling—unlike gold, which might need a timeout soon!
Mindbloome Trader
Happy Trading
Bitcoin to $69K? Corrections, Pitchforks, and Fibs—Oh My!Bitcoin is making its way toward that $69K target, but it’s not going to be a straight shot—expect a few corrections along the way. Using pitchforks and Fibonacci levels, we’ll map out where BTC might stall or pull back before reaching the goal.
If this breakdown was helpful (or at least mildly entertaining), give it a like, share your thoughts in the comments, and hit follow for more updates. Your support keeps the analysis flowing—because let’s be honest, predicting Bitcoin’s next move without these tools is like trying to guess when your next Amazon package will actually show up
Happy Trading
Mindbloome Trader
Potential long on KLAYso the price is kind of ranging and doesn't have a certain direction right now but the price actually swept a low above the 2 hour demand and showed a long wick candle towards upside so it opens a door for a potential long position if we can see extra confirmation.
needless to say that the price is also in the discounted zone so it's an another confluence. bare with me I'm gonna let you all know ASAP.
have a blessing day.
Bitcoin Ready to Pump!!!Bitcoin ( BINANCE:BTCUSDT ) managed to break the Upper line of the Descending channel and 200_SMA(Daily) .
Bitcoin is attacking the Heavy Resistance zone($67,400-$64,740) .
In terms of Elliott wave theory , Bitcoin seems to be completing microwave 5 of the main wave 3 in the 15-minute time frame , so main wave 3 seems to be extended .
I expect Bitcoin to rise again from the Potential Reversal Zone(PRZ) after the correction .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
WIF Updateso as we predicted price sold off very quickly after sweeping all the higher time frame highs and just now entered the discounted area.
there is this 1h demand on the extreme that I marked and price could bounce from it or it can react from the golden zone as well so I'm gonna watch the price and see what it can do and keep you all updated.
thank you so much <3
NAS 100 LongOn 1H Nasdaq 100 is bullish, and recently broke the important resistance at 20,300. Currently, it is retracing to form a low. With bullish divergence and convergence with 50% fibonacci retracement, it is likely to attempt to make a new high, or even test previous ATH. Trade plan mentioned on the chart.
--> Manage your risk and trade safely.
ANF eyes on $145 : about to Break Out from Major Resistance?Followup to my previous Swing Trade plot (click).
ANF peaked exactly at our Genesis fib at $196.93
The pullback has been strong but controlled so far.
Now trying to paint a bottom if breaks resistance.
Previous Analysis:
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BTCUSDT close the channel resistance close above 70K= pumpAs we said before this channel is Descending channel and it is short-term fall and rest for market and soon after a valid breakout we can expect heavy pump and new ATH and it seems it is happening.
Notice: we may have short-term heavy dump with some news in upcoming days but long-term we are bullish and soon even 70K$ will break and the pump is ahead.
DISCLAIMER: ((trade based on your own decision))
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MRK eyes on $111.22: cool number plus a MAJOR landmarkMRK testing a fib that is now clear to everyone.
Break and Retest is the signal to be looking for.
Rejection would make us look at the fibs below.
$ 111.22 is the exact level of interest.
$ 109.61 would make for a good StopLoss.
$ 116.51 will be first target for some profits.
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Gold's low has been confirmed, and the rise will be unstoppableIn yesterday's article, I clearly said that you can buy gold boldly when it falls back to the support area of 2642-2630. Although this trend did not come out yesterday, I bought it without hesitation when the gold price fell today, and took profits at 2654. But this does not mean that the gold price has reached its limit. I think as long as the gold price falls back to 2650 later, you can consider buying here, and the high point is definitely not the previous high of 2666.
From yesterday's 1H chart, we can see that 2642 is 0.618. Although the gold price hit 2638 today, the real closing line is still around 2642. Therefore, according to the recent three callback trends, as long as it does not effectively fall below the support of 0.618 in the short term, it can be regarded as a bullish trend.
At the same time, I think the previous high of 2666 is definitely not a short-term high point. This rise is likely to break through here. The first target above can be seen in the range of 2670-2680. If it can stand at 2680, the gold price is likely to test the 2700 integer mark again.
The above is my view on gold today. Recently, my gold trading strategy has maintained a hot state of continuous profit. If you want to copy my trading details, you can contact me
GS eyes on $518 for break, or $510 dip for scalp entriesBanks have been rising to record highs.
GS is at a breakout level, obvious to all.
Look for breakn- retest or dip for entry.
$ 518.51 - 515.86 is the ATH barrier.
$ 510.40 is the exact dip of interest.
$ 536.50 - 537.73 will be easy target.
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BTC/USDT 1D chart reviewHello everyone, let's look at the current BTC situation considering the one-day interval. In this situation, we can see the price rebounding from the resistance, but we are still above the upward trend line.
Let's start by setting goals for the near future, which include:
T1 = $67,494
T2 = $69,814
T3 = $72,930
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $64,918.
SL2 = $63,212.
SL3 = $61,933.
SL4 = $60,228
Vaxcyte Stock (NASDAQ:PCVX) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | 15 Minutes Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
Polygon (MATIC / BTC) Trade for the Bitcoin maxi 😎 (RR 1:8)Setup: Strong breakout of the consolidation zone and the 200 Moving Avarage on the daily timeframe. Pullback expected to test previous resistance.
Entry: I expect support at previous resistance and this is where my entry zone is based. Around the 200 MA (daily). Orange box.
Stoploss: Stoploss is below the consolidation zone @ 0.00001680. After making a new local high (above 0.00002890), I move my stoploss just above my entry; making the trade risk free.
Targets: Targets are calculated with the extended Fibonacci with the swing low/high of November. This is a typical sign of strength, especially when you look at the volume/buy pressure building up drawing this pattern.
First target is 1.618 of the extended fib, what happens to be the first real resistance zone after breakout of the local high. I take 50% off the table.
Final target is 4.236 of the extended fib. This target is near the all-time high.
I personally scale out of my position at the 2.618 and 3.618.