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Pullback from the weekly level and weekly rangeThis pair expanded to the weekly OB and rejected just right above the weekly range, its time for the pullback to fill the gaps around a 50% of the range. Im about to get to the positon with my followers as highlighted on the chart. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low Always apply good risk management it's what defines your destiny in trading. Dave FX Hunter ⚔ “Adapt what is useful, reject what is useless, and add what is specifically your own.”
Short
by Dave-Hunter
8
QCOM (QUALCOMM Incorporated) BUY TF M30 TP = 172.60On the M30 chart the trend started on Oct.8. (linear regression channel). There is a high probability of profit taking. Possible take profit level is 172.60 This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.” Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelievelnTrading
NASDAQ:QCOMLong
by WeBelieveInTrading
1
Weekly GEX of QQQ | Option Chain AnalysisI’d like to share my thoughts below after analyzing the QQQ option chain. In this analysis, I focus exclusively on the weekly time range, examining the QQQ option chain and the changes in top-tier options metrics. 🟨 Decline in Put Pricing Skew and Increase in IVx The decline in put pricing skew on Options Oscillator suggests that put options are becoming relatively cheaper , signaling a shift in market participants' expectations. This indicates increased call buying and put writing activity in the options chain . Along with the decrease in implied volatility (IV), this often points to a lower demand for downside protection strategies, which could be interpreted as a bullish sentiment. Currently, the QQQ’s IVRank stands at 31.5, reflecting a moderate volatility environment. However, with an average IVx of 19.2, trading volumes could increase, and interest in volatility-based strategies may rise further. 🔶 Backwardation in 4-7 DTE and Time Spreads Backwardation in the 4-7 DTE (days to expiration) period can be ideal for time spread (calendar, diagonal) option traders , as near-term options show higher volatility than longer-term ones. This creates a favorable environment for time spread strategies, especially if this backwardation persists. 🟨 Gamma Levels and Open Interest-Based Levels Call high OI gamma walls (or call resistance levels) typically act as resistance points. However, once these levels are broken, the bullish movement can accelerate due to positive gamma exposure. Put gamma walls (or put support levels), on the other hand, act as support. If broken, downward moves can intensify due to the high negative gamma exposure. While the current largest gamma wall was for today at 495, the upcoming expiration on 10/14 could shift this level to 500, where the greatest gamma exposure will likely be after the Monday expiration (due to the large amount of open interest expiring at 495). If the price breaks above this level, it could further bolster bullish prospects to 505 (last ATH). Additionally, the 500 strike plays a critical role as a major level in the Options Grid System, representing the 8/8 level. 🟨 OTM 16 delta probability cloud in Options Overlay The blue Delta Curves on the Options Overlay show the 16-delta levels, helping traders identify potential price ranges. According to current data, on the call side, the 505 strike is still within the 16-delta range, reinforcing its bullish potential. This represents the 68% probability range defined by OTM 16 delta PUTs and OTM 16 delta CALLs, showing a clear directional expected move value. It provides an insightful view of the expected price movement’s directional range, often used by delta-neutral strangle traders like those at TastyTrade. 🟨 Time Spread Strategies The aforementioned backwardation and gamma wall situation may present an advantage for time spread traders. Backwardation between 4-7 DTE provides an optimal window for those favoring time spreads, as the higher short-term volatility offers better premiums. 🟨 TanukiTrade Options Oscillator values The TanukiTrade Options Oscillator indicates that the combination of declining put skew and decreasing IV suggests potential volatility growth on the bullish side of the market. This could be a valuable signal for both long and time spread strategies. ⅀ QQQ Summary The decline in put skew and increase in IVx imply that market participants are anticipating an increase in bullish volatility. Backwardation between 4-7DTE supports time spread strategies, while the call gamma wall at 500—and soon 505—is likely to serve as significant resistance/target. (NOTE: GEX levels is not part of the TanukiTrade Options Overlay indicator yet. The automatic GEX levels will be available soon, by the end of October!)
NASDAQ:QQQLong
by TanukiTrade
4
Beware of Symmetrical Triangles. And yes, they occur oftenWhy Beware? Ambiguous Direction: Symmetrical triangles don't inherently indicate whether the breakout will be upward or downward. Without additional confirmation from volume or other technical indicators, predicting the direction can be challenging. Market Noise: In volatile markets, price movements within the triangle can be erratic, making it difficult to identify clear breakout signals amidst the noise. False Breakouts: Not every symmetrical triangle leads to a significant price movement. Sometimes, the breakout fails, resulting in a false signal that can trap traders in losing positions.
Editors' picks
Education
by Blayno_MTOPS
2
Buy Opportunity on NASDAQ Index at 20420The NASDAQ Index is currently trading at 20420, with strong bullish signals from technical indicators. We recommend entering a buy position with a stop loss set at 20300 and a take profit target at 20550. Technical analysis indicates strength in the current trend, and it is advisable to monitor upcoming economic news that could impact market movement. Trade Details: Entry Point: 20420 Stop Loss: 20300 Take Profit: 20550 Stay updated with market developments and be prepared to adjust the trade according to potential changes in economic trends.
ULong
by tickmill9
Monday Market Analysis and SignalsGold continued its rebound on Thursday on Friday, and the price further rose to 2661, with a minimum of 2645 in the Asian session. From the current market, the daily chart rebounded close to the acceleration line, with limited space. The focus of the upper suppression is 2670-80. The current price is supported by the short-term moving average, so Friday's rebound is a correction to the six consecutive declines! Gold continued to rise on Friday, and gold is strongly bullish, so we have to adjust our thinking. Gold will adjust downward first, and we can continue to go long when it falls back. Go long near 2636 in the Asian session! Since gold bulls are temporarily stronger, let's continue to do long positions. The 1-hour moving average of gold crossed upward as expected, and gold bulls still have the momentum to rise. Gold fell back to 2636 in the Asian session, and stopped falling after stepping back to the trading concentration area of ​​2636 last Friday. Then gold is likely to rise again. Pay attention to the resistance of 2660 above. Gold continued its rebound on Thursday on Friday, and the price further rose to 2661, with a minimum of 2645 in the Asian session. From the current market, the daily chart rebounded close to the acceleration line, with limited space. The focus of the upper suppression is 2670-80. The current price is supported by the short-term moving average, so Friday's rebound is a correction to the six consecutive declines! Gold continued to rise on Friday, and gold is strong in the bulls, so we have to adjust our thinking. Gold will adjust downward first, and we can continue to go long when it falls back. Go long near 2636 in the Asian session! Since the gold bulls are temporarily stronger, we will continue to go long. The gold 1-hour moving average is as expected, and the moving average crosses upward. The gold bulls still have the momentum to rise. The gold Asian session fell back to 2636 directly, and it stopped falling after stepping back to the trading concentration area of ​​2636 last Friday. Then gold is likely to rise again. Pay attention to the resistance of 2660 above. Sell high and buy low in the 2636~2660 range.
OANDA:XAUUSDLong
by Jun-goldFX
Buy Trade Strategy for SAGA: Riding the Wave of Blockchain**Buy Trade Strategy for SAGA: Riding the Wave of Blockchain Scalability** **Descrizione**: This trading idea revolves around **SAGA**, a cryptocurrency designed to address one of the most critical issues in blockchain technology: scalability. SAGA leverages advanced protocols that aim to optimize the performance of decentralized applications, making it an attractive asset in the evolving blockchain landscape. With its focus on enhancing transaction throughput and improving interoperability between blockchains, SAGA's potential lies in its ability to drive innovation across various sectors. The increasing adoption of its technology, coupled with growing partnerships, strengthens its fundamentals. However, given the volatile nature of the cryptocurrency market, various factors such as regulatory developments and market sentiment can significantly affect prices. As with any investment in this space, caution is advised. **Disclaimer**: This trading idea is provided for educational purposes only and is not financial advice. Cryptocurrencies are speculative and involve substantial risks, including the potential for a complete loss of capital. You should perform your own research, carefully consider your financial circumstances, and consult a financial advisor before making investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
Scalping Opportunity for Nasdaq at 20337Comprehensive analysis of the Nasdaq at the current price of 20337. Technical Analysis: RSI: Indicates potential overbought conditions. If it approaches 70, a correction may be imminent. MACD: Monitor crossovers. A crossover above the signal line can indicate bullish momentum. Moving Averages: Confirm bullish trend if the price is above the 50 SMA. Support and Resistance Levels: Support: 20200, a key entry point for the trade. Resistance: 20500, a target for profit-taking. Trade Setup: Entry Point: 20200 (if support holds). Stop Loss: 20100. Take Profit: 20500. Summary: The current price of the Nasdaq offers a good scalping opportunity, with strong support at 20200. Monitoring technical indicators and economic news will enhance the accuracy of the trade.
ULong
by tickmill9
#Bitcoin Update – Monday, 14.10.2024**As-salamu alaykum and Good Morning to All Brothers and Sisters!** #Bitcoin has moved exactly as I predicted in my previous analysis, and today, we see a strong bullish movement as the price has broken out of the yellow area. Not only that, but we’ve also witnessed a breakout from our major resistance (Arrow #4). This is particularly significant because it marks the **6th attempt** to break through this crucial red line. Right below this line, we’re seeing the confirmation of a new wave forming (Arrow #3). If Bitcoin manages to break and hold above the **$65,342** level, it would be a huge achievement, opening the door for the price to potentially soar toward the **$80K** mark—something I predicted a while back on the monthly timeframe. However, it’s important to remember that it’s still a bit early to fully confirm this theory. We need to see a solid confirmation before getting too excited. **What’s Next?** We find ourselves once again at a critical juncture. There are multiple important resistance levels here, with the most significant being the **red line (Arrow #2)**. If Bitcoin successfully breaks and confirms the **$65,342** level, this would be a massive win for the bulls, setting the stage for a major uptrend that could drive the price directly to **$80K**. But let’s not get ahead of ourselves—it’s too soon to confirm these scenarios just yet. For now, keep your eyes on two crucial levels: **Arrow #2** and **Arrow #3**. They will tell us where the market is headed next. **Bearish Scenario:** If Bitcoin fails to break through or retests the yellow area unsuccessfully, or if it gets rejected from the red line, we could see a retracement. In that case, Bitcoin may fall back into its previous range, signaling a return to consolidation. **#Alts (Altcoins)** Altcoins performed exceptionally well over the weekend, hitting many of the targets from our buy signals. Several alts are continuing to move upward, and we’re actively updating our altcoin list to reflect the changing market. However, I strongly suggest updating your stop-losses at this point. If Bitcoin gets rejected from the red line, we could see altcoins giving back their recent gains. Stay tuned for further updates! I wish you all a profitable week ahead—let’s make the most of this exciting market. Have a fantastic day, everyone!
Long
by MoonTradingForecast
October 11 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. Here is the Bitcoin 30-minute chart. There is a Nasdaq indicator announcement at 9:30. *When the red finger moves, Long position strategy 1. After touching the 1st section of the purple finger, $60,962.5 long position entry section / stop loss price when the green support line is broken If it comes down right away without touching the purple finger, Long waiting at the 2nd section at the bottom, $60,377 / stop loss price when the green support line is broken 2. $62,256 1st target -> Top 2nd target, Good, Great 3rd target price There is a possibility of a crash in Nasdaq, Please pay attention until the main section is broken Up to this point, my analysis is for reference only I hope you operate safely with principle trading and stop loss price. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
UNFIUSDT.4HExamining the UNFI/USDT 4-hour chart provides a compelling narrative about the current market conditions and potential future directions for this pair. The chart is dominated by a descending resistance line, 'R1', which highlights the ongoing bearish sentiment as it pushes lower highs, constraining any bullish attempts. Key Observations: The price is currently between the descending 'R1' and a strong support level at 'S1', positioned at $2.061. This support has been tested multiple times, holding firmly and preventing further declines. Resistance 'R2' at $3.533 stands out as a critical point for any bullish reversal. It represents a significant barrier that could cap rallies unless a substantial shift in market dynamics occurs. Technical Indicators: The Stochastic RSI is near the middle ground, indicating neither overbought nor oversold conditions, suggesting potential for movement in either direction without immediate pressure from momentum indicators. The MACD is lingering around the zero line but remains below it, hinting at ongoing bearish pressure but with possible signs of weakening if a bullish crossover occurs. Given these factors, my trading strategy would be cautious and reactive. I'd look for potential buying opportunities if there's a solid bullish reaction off the 'S1' support, especially if accompanied by a Stochastic RSI movement towards oversold conditions or a bullish MACD crossover. Conversely, a breach below 'S1' would necessitate reevaluating the bearish potential, possibly targeting lower prices beyond this current chart’s scope. In conclusion, the UNFI/USDT pair is at a critical juncture. While bearish trends dominate, the stability at support 'S1' offers a glimmer of hope for bulls. Key levels to watch are the reactions at 'S1' and 'R2'. Traders should remain agile, ready to pivot based on price action and indicator confirmations, ensuring that risk management is tightly controlled to navigate the inherent volatility effectively.
U
by MarsSignals
STORJUSDT.1DThe STORJ/USDT daily chart reveals an intriguing scenario that deserves careful analysis. Currently, the price is challenging the descending resistance line 'R2', which has been a significant barrier since earlier this year. The recent upsurge has brought it near this resistance, posing a critical test for the bulls. The ascending trendline marked as 'S1' suggests a series of higher lows since July, indicating a growing bullish sentiment among investors. The intersection of 'S1' with the descending 'R2' forms a converging pattern that could result in a decisive move. Key Levels to Watch: The immediate resistance is at 'R1' ($0.4561), which if breached convincingly, might pave the way for a test of the more formidable 'R2'. Support 'S1' seems robust and is key to maintaining the current uptrend. A breach here could lead the price to test the lower support 'S2' at $0.3127, potentially invalidating the bullish outlook. Technical Indicators: The Stochastic RSI is nearing overbought territory, suggesting the price might soon face upward momentum fatigue. This could lead to either a consolidation phase or a pullback if buyers do not maintain their pressure. The MACD is below zero but seems to be converging towards its signal line, hinting at a potential bullish crossover if upward momentum continues. Given the current setup, my approach would be cautiously optimistic. I would closely monitor how STORJ reacts upon reaching 'R1'. A sustained move above this level could suggest the potential for a breakout towards 'R2'. In contrast, failure to overcome 'R1' or a breakdown below 'S1' could shift my stance to a more defensive strategy, considering potential short positions with a target near 'S2'. In conclusion, the coming days are crucial for STORJ as it approaches key technical junctures. Traders should watch for confirmed breaches of these levels and adjust their strategies accordingly, ensuring they are prepared for both bullish and bearish scenarios. Effective risk management and responsive decision-making will be paramount.
by MarsSignals