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Fibonacci

Time to Enter MDB Again?On Thursday afternoon, the King Trading Momentum Strategy signaled alongside eleven other alerts that day, followed by five more on Friday. This activity doesn’t exactly scream “bearish” to me, but the market has a way of keeping you on your toes! With markets once again approaching all-time highs, I’ve been treading cautiously. My positions have been limited to just a few, with low allocation sizes in TNA, ADBE, PYPL, and XYZ. When I looked at MongoDB (MDB), I found myself wondering why it was hammered after posting a double beat on earnings and providing decent guidance. It turns out the recent drop was primarily driven by the announcement that Michael Gordon, MongoDB's Chief Operating Officer and Chief Financial Officer, will be stepping down on January 31, 2025. Is this reaction overblown? After all, the company delivered a strong earnings report. That said, MDB seems to have planted its bull flag in the ground. Even if this news creates headwinds, there’s a possibility it could retrace back to the 38% Fibonacci level. Even if the broader market eventually pulls MDB lower, this setup suggests an 8% potential upside, and I’ve set an initial take profit at 5% with a 3% stop loss. If this can hit the take profit, I will sell half to protect the trade and then set a trailing stop loss of 1.5% on the remainder, trying to sell of much of it as possible on the way up! Unless Monday brings a complete washout due to fears surrounding the Fed meeting on Wednesday or the PCE data on Friday, I’ll likely use the typical morning volatility as an opportunity to enter this trade. Let’s see how this one plays out! The King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes and even something that measures breakout momentum called Beta for this one! MDB and over 100 equities are built into this script with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off).
NASDAQ:MDBLong
by KingTrading999
GBPUSD Swing Trade idea 27-31 Jan-2025Hello Traders. Following up on the previous post and as promised. This is my expectation on GBPUSD on a HTF. 1. Swing structure is Bearish *After a Bearish BOS, I can identify premium price for possible short positions targeting the newly created swing low. *Price is already trading above equilibrium level /50% FIB and the identified POI i consider it a valid POI due to IMB/FVG; LQ, CHOCH & above 50% FIB. 2.Internal structure is Bullish *Using 15m-3m i would be waiting for MSS to align with swing structure before taking any trades.
Short
by Ocean98
2
US10Y afternoon analysisTechnical analysis for US10Y. This count is looking for one more push up in yields, approaching (but not going above) 5.215%. Median line is target. This would complete an expanded flat that started in 2012. This analysis would suggest the end of the bond bear market is approaching, as long as 5.215% holds as resistance. Yields above 5.215% would suggest much higher yields are likely. Yields below 4.505% before move above 5% would also invalidate this count.
TVC:US10YLong
by discobiscuit
AUDCAD 30M AnalysisThe market structure shows a bullish bias with higher highs and higher lows forming. 🔹 Key Highlights: Price is respecting demand zones, indicating strong buying interest. Anticipating a pullback to the demand area around 0.9050 before a bullish continuation. Targeting the resistance zone near 0.9120. 📈 Plan: Watch for confirmation at the demand zone to enter a long position. What’s your take on this setup? Let’s discuss in the comments! 👇 #ForexTrading #AUDCAD #TradingView #TechnicalAnalysis #ForexSetup #PriceAction
Long
by harshkjogadia