TSLA - I’m a believer, Are you ?TSLA has been hammered while rest of the MAG7 doing wonders.
IMO, soon or later Elon matters gonna settle.
and Tesla gonna showcase their AI potential to the world.
Technicals says 300 on the cards.
I’ve a starter position in commons and gonna add more as it moves up or pullbacks.
Gonna supplement with TSLL, TSLY and day-trade with weekly calls.
Long - Low 180-190s would be optimal.
Stop Loss - 174
Target #1 - 220
Target #2 - 280
Target #3 - 300
Fibonnacci
$S&P500 - Will just RIP Higher for the next the couple weeksSP:SPX AMEX:SPY
There's just almost zero technical resistance right now, just boring fibonacci levels.. Other than some new news event...
I have a hunch, only a hunch, that this market is "baking in" a Trump elected Presidency. Tin Foil hat conspiracy, but I'm starting to think that. Call me crazy, but the 5, 7, and 10 years US trees yield curves have been trickling higher.
I believe that everything is going to crashing down soon, but it keeps creeping & popping, popping & lockin, higher. I think it's Trump affect or something.
GOLD, STALEMATEBefore any serious GOLD buy or sell, I think the yellow metal price must break out of the current 100 pips ranging zone (2027-2038). Here again, the Fundamentals for Tuesday (Jolt Job Openings and CB Consumer Confidence) will be key. Currently the market is neither a bearish nor bullish. It is a stalemate market, I think.
$DWAC is Skyrocketing along w Trump poll #’s This is Trump’s SPAC that IPO’d back Oct 2021.
Based on the the 1st two days of trading, the Fibonacci levels don’t lie.
So here’s my thesis.. Since Trumps landslide victory in Iowa primary, this stock has been on a tear, up 240%.. and i have some info that the past week is only the start.
Tonight is the New Hampshire primary and i have a hunch that not only beat Nicky Haley, but this stock will CONTINUE TO MOON into SUPER TUESDAY primaries.
$442 is not an unreasonable price target based on its action.
This may very well be the Gamestop of 2024. NASDAQ:DWAC
New Trade: EURNZD - Short Position (SELL LIMIT)New Trade: EURNZD - Short Position (SELL LIMIT)
Sell Limit: 1.7740
Stop Loss: 1.7780
Take Profit: 1.7550
Technical Analysis:
Initiated a short position on EURNZD with a Sell Limit set at 1.7740. The decision is anchored in technical analysis, specifically targeting the Fibonacci "golden zone" and incorporating the Anchored VWAP for additional confirmation.
Rationale:
The Fibonacci retracement levels indicate a potential reversal within the "golden zone," supported by the Anchored VWAP for enhanced technical conviction.
Risk Management:
A defined Stop Loss at 1.7780 is in place to manage risks effectively, ensuring a disciplined approach to protect capital against unexpected market movements.
Trade Strategy:
Take Profit set at 1.7550 aligns with the anticipated downward movement. The combination of Fibonacci levels and Anchored VWAP serves as a robust strategy for this short position.
Disclaimer:
Trading involves risk, and past performance is not indicative of future results. Exercise caution and conduct thorough analysis before making trading decisions.
Happy trading!
EURJPY 30m chart potential Falling wedgeThe the 30m chart the EURJPY is forming a potential falling wedge. On the chart infront, you can discover a bullish market structure
Additional confluences:
- Price has dropped to the support range created from the previous major high
- The price is testing the 0.382 Fib. Have in mind that the 0.5 and the 0.618 levels are also in the support range so it is possible for the price to drop lower. If it does, monitor if it's still in the ranges of the falling wedge. If it goes out of them, then the pattern will be invalidated.
- Price is close to the 200 EMA, Might drop a bit lower to test it before providing a potential breakout of the pattern to the up side
GBTC BullishBullish on two potential scenarios.
I am not a financial advisor. This is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.
EU Longs 28 December 2023Hey Peeps!
Today I'm looking at EU, anticipating longs from this 1hr accumulation zone. This reaction was made after visiting a 4hr IPA and we have been bullish for a bit now.
If you have any questions about the setup or if clarification is needed, please don't hesitate to let me know. There is plenty of money to be made!
Navigating the Markets with Fibonacci ChannelsToday we delve into the fascinating world of Fibonacci Channels, a powerful tool for traders looking to identify potential non-horizontal support and resistance levels in the market.
Throughout the video, we provide a step-by-step guide on how to place Fibonacci Channels on price charts, allowing you to visualize and understand their significance in identifying key price levels. We also showcase real-world examples to demonstrate how Fibonacci Channels can be used to find points of interest, such as trend reversals and price targets.
Furthermore, we discuss the integration of Fibonacci Channels with other technical indicators, providing insights into how this combination can enhance your trading strategy. By the end of this video, you will have a comprehensive understanding of Fibonacci Channels and the ability to confidently incorporate them into your trading approach. Get ready to unlock the potential of Fibonacci Channels and take your trading skills to the next level!
"Your strength is finished?👀
🔴"Buyers have started a tough battle. And so far, they have been able to increase the value of rune by 244 percent."✅
🔴"But have their strength run out❓"
🔴If buyers are unable to sustain the upward price movement, our first trigger is 5.231, with angry sellers and a break of the support line.🔆
🔴I think the buyers have used up their last strength. What is your opinion? Who do you think will win the battle?⚠️