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QQQ Support and Resistance is KEYI have a short story for you all but first it's important to mention that we're right at an important level that was created on December 13. If we stay trading below this level, the next important level is near 290. That's a decent drop from where we are today. Keep a watchful eye on your indicators as there's more downside as a possibility. Once upon a time, there was a young trader named Jack. He had just learned about support and resistance levels in trading and was eager to apply his newfound knowledge to the markets. Jack studied the charts and noticed that the price of QQQ was approaching an important resistance level. He knew that if the price broke through this level, it would signal a bullish trend and the bulls would be in control of the market. However, if the price failed to break through the resistance level, it would indicate a bearish trend, and the bears would be in control. Jack placed an options trade on QQQ, betting that the price would break through the resistance level. However, the market had other plans. The price failed to break through the resistance level, and instead, it started to drop rapidly. Jack watched in horror as his trade plummeted. He quickly realized that the bears were now in control of the market. He tried to cut his losses and sell the stock, but it was too late. The market had already moved against him, and he had lost a significant amount of money. Jack learned to always pay attention to support and resistance levels in trading. He knew that if the price was below an important resistance level, it was a sign that the bears were in control, and he should avoid placing bullish options trades. Instead, he would wait for the price to break through the resistance level before placing any trades, ensuring that he was always trading with the trend and not against it.
NASDAQ:QQQ
by bitdoctor
11
AAPL Aims to Reach $160 Target in Near FuturePrice action in financial markets often gravitates towards key supply zones, which are areas where selling pressure has previously been strong enough to drive prices lower. Traders and investors often use supply zones as important levels to watch for potential price reversals or to enter short positions. AAPL is no stranger to this, and when looking at the price action mixed with the key indicators on this 4h timeframe, we can see the last few times that the wave master indicator called a buy and sell: DEC 10 2021: SELL: 179.50 (-6%) DEC 30 2021: SELL: 178.19 (-14%) FEB 03 2022: SELL: 173.00 (final warning -14% before -27%) JUN 14 2022: BUY: 133.25 (+32%) JAN 05 2023: BUY: 126.50 (+22.4% so far) We're not geting a solid sell signal yet, but we're darn close. Look at ALL the waves. red, yellow, white are all overbought and the green wave is almost there. That will be the first time we've seen this since Feb 03 2022 but the chart formation looks more like the DEC 30 sell signal. I'd be very cautious as a drop is likely to occur over the next 1-2 weeks. Probably won't be super deadly like other drops have been but it'll be enough to kill some late bulls for sure.
NASDAQ:AAPL
by bitdoctor
4
DAX - Up Up & Away!DAX We've had European indices out-perform compared to US indices, this would be due to international opportunities increase this has been executing for while a hedge against US, we look at US yields we are 5% roughly now that into consideration of going into US indices the need of making a return is relative high, now compared to the opportunities and growth of Europe! In my previous posts you can see FTSE100 that idea playing out well. Now I am sharing the DAX chart as I think we could even re-test those highs that has been tested couple times, a break through key resistance where we are currently at the momentum is still on long side and targets would be 16250 areas and look that 1.618 Fib. However, if we break below 15150 areas and break out down side of this beautiful channel then I'd expect 50 EMA areas to be your target areas. My thoughts overall, we really need pay attention to DXY where that's going to play further, daily close perhaps below of ranges we are at a pull back will occur but we do have NFP and if that is above let's say 220k and is strong number higher expect DXY to rally yields, and we also need to take not only NFP into consideration this week, let's not forget next week we have CPI. Take in all this important US data, and then we need think is market still pricing just 25 basis point hike or will we go 50, currently its pricing 25...Time will tell! I still think housing crises will increase and the automotive industry will face further issues. Key tip: Don't forget to look at the bigger picture! Have a great week ahead, Trade Journal
XETR:DAX
by Trade_Journal
BTCUSDT - Falling Wedge and LevelsBTCUSDT 15 minute UTC + 1 Today 23,400 morning has been heavy resistance. I was expecting the nPoc at 23,100 was quite surprised the breakout from the middle of maybe nowhere. Hmm, maybe a swing failure, to trap longs. Amazing the levels how well respected they have been, nPoc, Weekly etc. It a beautiful thing. I missed the trade personally, and thinking a retrace to nPoc, well at least where I find a value area to trade. Too much volatility, to enter late and after a pump, riskay. Not trying to predict the price movement. This is a good indication of support and resistance levels. Know your levels. Next major resistance is the daily open price. This will flip the current big resistance level at approx. 23,400 as a support. 23,300 my current support level (toit - aka tight).
by hmaroudas
Can ACH keep going?Watching ACH and have been for weeks. Here's my primary observation right now. We've had several areas that acted as support on the way down that broke. Ever since January 14, we've been breaking those support levels which were acting like resistance and we keep flipping them. Until some important support levels get taken out, I'm going to remain bullish. Disclaimer - I purchased ACH below 0.01 - it was closer to 0.008 and I locked in profit as you should as soon as it hit 100%. Now the trade is 230% but that shouldn't be a reason for you to fomo. Watch for good retests of levels (outlined in the chart) for a potential entry. Crypto will get a pullback eventually. Don't go heavy into positions like this one now. That time has come and gone.
COINBASE:ACHUSDLong
by bitdoctor