Harmonic Patterns
Analyzing Market Trends and FED Interest Rate Decisions "SPX"The daily chart above highlights FED interest rate cut decisions with vertical lines. I've used the DJI ticker instead of SPX, as it provides a more comprehensive representation of the overall market, unaffected by the dominance of the Magnificent Seven.
My analysis focuses on monthly candle peaks (indicating overbought conditions) and lows (indicating oversold conditions), as well as direction reversals. This cycle repeats, forming higher highs and higher lows. By identifying these patterns, we can determine the market direction, which is either trending upward (green) or downward (red).
Now we know the direction where the market is heading. Its either trending to form a new higher high OR new higher low.
With that understanding, when we plot vertical lines on FED decision days, the direction has not changed. HOWEVER, the decision is accelerating the market direction to its targeted price(either higher high or higher low).
The above guidance is for swing traders for a duration of about 2/3 weeks. Intraday traders can benefit this by looking at days high and low before decision announcement and knowing where the market is generally headed.
As a trader, I utilize custom-built screener tables that cascade data across multiple timeframes and stocks/sectors. This unique approach provides a fascinating big-picture perspective, highlighting strong stocks and sectors.
Reach out to me OR follow me for further insights.
Happy Trading!!
Could the Silver rise from here?The price is reacting off the support level which is an overlap support that lines up with the 127.2% Fibonacci extension and could rise from this level to our take profit.
Entry: 28.78
Why we like it:
There is an overlap support level that lines up with the 127.2% Fibonacci extension.
Stop loss: 27.71
Why we like it:
There is a pullback support level.
Take profit: 29.83
Why we like it:
There is a pullback resistance.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop?XAU/USD is rising towards the resistance level which is an overlap resistance that aligns with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 2,647.58
Why we like it:
There is an overlap resistance level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 2,649.06
Why we like it:
There is a pullback resistance level that lines up with the 50% Fibonacci retracement.
Take profit: 2,562.07
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
$6 to $16+ in 27 minutes after our PRFX Buy AlertWOW 🚀 $6 to $16+ in 27 minutes after our Buy Alert 🎯
Straight vertical with no pause NASDAQ:PRFX
Stock started the day at $2.17 so it reached 660% total within first half hour with us in it at the start of the power run
Warning sent in chatroom about $17 - $18 resistance before reversal happened so members knew where to take last safe profits
Bitcoin Analysis StrategyIn the chart, we can see how the price fell to the support level and traded near this level for a while, then broke through this level and continued to fall to the trend line. After this, the price turned around and impacted upwards, thus reaching the 99500 level again and soon broke through it again. Later, the price traded near this level for a while, and then continued to rise to the resistance level, which coincided with the resistance zone. When the price reached this level, it first corrected and then impacted upwards, breaking through the resistance level. After that, the price hit a new ATH (108K points), then fell to the trend line, breaking through the resistance level again. Soon, BTC broke through the trend line and fell to the support level, but not long ago it rebounded and started to rise. For this situation, I expect BTCUSDT to make a small correction and then continue to rise to the resistance level. That's why I set the target at 105000.
Gold analysis operationGold operation strategy reference:
Strategy 1: Short gold in batches near 2613-2615 in the early trading (buy decline), stop loss 6 points, target near 2600-2590, break to see 2580
Strategy 2: Go long in batches near 2583-2587 (buy rise), stop loss 6 points, target near 2600-2605, break to see 2615
SANDUSDT - LONG IDEAHello Traders,
Here’s a new analysis on SAND/USDT, as the stop-loss from the previous idea was triggered.
Currently, the price has entered a well-defined zone that has been subject to multiple rejections and retests over the past weeks. However, it is also reacting to a key confluence area, rejecting both an important trendline and the 0.618 Fibonacci retracement level (at 0.59).
For now, we’ll monitor the daily candle close to assess whether there’s a solid opportunity to open a long position.
If this pivot level is breached and a Break of Structure (BoS) begins to take shape, the more prudent approach will be to wait for the price to drop toward the 0.48 region before considering a long entry.
VET Bull Run Ignites: Unstoppable Growth Ahead!VET appears poised to continue its upward momentum, driven by strong fundamentals and a thriving ecosystem. Recent price movements have been substantial, reflecting growing confidence in VeChain's potential. Historically, periods of significant upward movement are often followed by phases of consolidation, providing a foundation for sustained growth.
Looking ahead, the current uptrend seems to be in its early stages. With VeBetter playing a pivotal role as the cornerstone of the ecosystem and rapidly expanding its influence, the outlook for VeChain in 2025 remains highly optimistic. The combination of robust fundamentals and ecosystem growth suggests a promising future for NYSE:VET and its stakeholders.
Nat Gas Thursday 19 Dec Even though Script opened with a 3% gap on the upside, the day was quite rewarding. Movements weren't that quick so trading manually wasn't that difficult. Buying on dips and selling on rallies was the name of the game today.
It started creeping on the downside for some time but that turned out to be a temporary fall. The Market gave abundant opportunities to cover the losses.
Whoever trades moving average crossover might have lost money due to the choppiness in the market. The day rewarded someone who doesn't act on FOMO. And punished those who can't handle big but temporary drawdowns.
That is it for today. Hope whatever vehicle you trade has paid you handsomely. See you all tomorrow!