PLTR: Technical Analysis and Trends Across Different Timeframe
Palantir Technologies (PLTR) presents an intriguing conflict between long-term trends and shorter-term movements. Analyzing the monthly, weekly, and daily charts highlights the current market complexities and provides key points for traders and investors.
Monthly Chart: Long-Term Downward Trend
On the monthly timeframe, the stock is showing a red 2D candle, indicating a drop below the previous month's low. Currently, the stock is trading below the monthly opening price but remains above the opening price of the prior month. This suggests a delicate balance between buyer and seller forces in the long-term perspective.
Weekly Chart: Recovery from the Broadening Formation
On the weekly timeframe, a green 2D candle indicates a positive correction, breaking above the high of the previous week. The stock opened this week at the edge of the **Broadening Formation** that was formed by a 3 candle last week. This level has acted as a strong support, sparking the current upward movement and may continue to hold as a critical support zone if the correction persists.
Daily Chart: Positive Momentum with Resistance Challenges
On the daily timeframe, the stock shows positive momentum after forming a Higher Low (HL), signaling further strength among buyers in the short term. However, the **monthly opening price at $76.05** remains a key resistance level. Unless the stock breaks above this level, the short-term correction may remain limited.
Currently, $76.05 stands as the critical level to watch. A clear breakout above this resistance could indicate a significant trend reversal, while failure to break through might lead to renewed selling pressure.
The recommended strategy is to closely monitor the stock’s behavior around support and resistance levels while maintaining disciplined risk management. For traders, shorter timeframes present tactical opportunities, but long-term investors should wait for clearer trend confirmations.
Multiple Time Frame Analysis
EUR/USD Daily Analysis – Breakout from Descending Channel!
#TradeWithMky On Chart ! @TradeWithMky
The EUR/USD is showing signs of a reversal from the monthly Fair Value Gap (FVG) zone, with a bullish breakout from the descending channel. If the current momentum holds, we could see a move toward the weekly FVG zone, offering a solid risk-to-reward opportunity. 📈
Key Levels:
Support: FVG Monthly Zone (~1.02000–1.03000)
Resistance: FVG Weekly Zone (~1.07000–1.09000)
👉 Watch for consolidation before the next leg up!
What are your thoughts on this setup? Let me know in the comments! 🔥
#EURUSD #Forex #TradingAnalysis #PriceAction #TechnicalAnalysis #ForexTrading #TradingView #DailyChart #BreakoutTrading #FairValueGap #SupportAndResistance #BullishTrend #ForexCommunity
Long trade
4Hr TF Entry
1Hr TF Overview
Buyside trade
Pair E71!
Entry 4Hr TF
NY to Tokyo Session PM
Mon 13th Jan 24
6.00 pm
Entry 1.0284
Profit level 1.0464 (1.75%)
Stop level 1.0242 (0.41%)
RR 4.29
Reason: The observation of price action reaching a pivotal demand level on the 4-hour TF seemed indicative of a buy-side trade.
USDJPY: Intraday Bearish Confirmation 🇺🇸🇯🇵
Earlier on Friday, I shared with you a confirmed structure
breakout on USDJPY on a daily.
This morning, retesting a broken structure, the price formed
a strong bearish confimation on an hourly.
I see a double top pattern and a violation of its neckline.
With a high probability, the price will fall and reach 155.57/ 155.18 levels.
❤️Please, support my work with like, thank you!❤️
XAU/USD 20 January 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Price printed as per my intraday expectation dated 17 January 2024 by printing a bearish CHoCH to indicate, but not confirm bearish pullback phase initiation.
Internal range is now established as a result of the bearish CHoCH.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ or H4 demand zone to then target weak internal high priced at 2,724.785.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/Analysis remains the same as analysis dated 17 January 2025. You will also note how price attempted to target strong internal low but failed to close below.
Price Action Analysis:
Price has printed a further bullish iBOS.
Within the sub-structure there is further bullish iBOS, however, price did not pullback deep enough to warrant a bullish iBOS. I will therefore apply my discretion, which may need a revisit.
H4 TF has printed a bullish iBOS and it appears bearish pullback phase initiation is underway, however, we currently do not have any indication, or confirmation.
Current internal low and H4 TF CHoCH positioning are the same, priced at 2,690.050, therefore, despite M15 internal range dynamics being bullish, it is highly likely price will print a bearish iBOS
Intraday Expectation:
Technically, price should show reaction at either discount of 50% internal EQ, or M15 demand zone before targeting weak internal high priced at 2,724.785, however, the above mentioned scenario is also highly probable to assist H4 in it's bearish pullback phase.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
Bitcoin - Bitcoin, waiting for Trump's new policies!Bitcoin is above the EMA50 and EMA200 in the four-hour time frame and is trading in its ascending channel. Capital withdrawals from Bitcoin ETFs or risk off sentiment in the US stock market will pave the way for Bitcoin to decline.
Bitcoin's downward correction and its placement in the demand zone will allow us to buy it. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important.
Bullish signs are abundant in the cryptocurrency market, as investors observe various factors that favor this sector beyond Bitcoin. While some analysts predict 2025 as the year of altcoins, JPMorgan argues that Bitcoin will remain an attractive option.
Market experts point to cyclical trends that could boost altcoins such as Solana and Ripple. These two tokens experienced significant growth following Donald Trump’s election victory, driven by expectations of greater support from the new administration. However, JPMorgan highlights four reasons why investors should approach the altcoin market cautiously.
First, future policies remain speculative, with uncertainty surrounding their timing and impact. Although reduced regulatory oversight may improve sentiment across the industry, there is no guarantee that interest in decentralized finance will grow substantially.
JPMorgan noted that it is still unclear whether these new regulations will allow the crypto ecosystem to integrate into traditional financial systems or if public blockchains like Ethereum will play a central role in the future.
Additionally, the bank stated that ambitious plans for crypto reserves in the United States and beyond are likely to focus solely on Bitcoin. Certain U.S. states have already proposed legislation to hold Bitcoin as a hedge against inflation, a policy Washington might adopt during Trump’s second term.
Second, Bitcoin continues to dominate the cryptocurrency fund space. JPMorgan predicts that retail and institutional investors will keep investing in Bitcoin spot ETFs, supported by Bitcoin’s appeal as digital gold. According to a Bernstein report, Bitcoin is expected to replace gold as the primary store of value in the global economy over the next decade.
Bitcoin accounted for 35% of the total $78 billion inflows into the crypto market in 2024, according to JPMorgan. By contrast, Ethereum spot ETFs, launched in July 2024, attracted only $2.4 billion. The bank also forecasts that future ETFs for altcoins like Solana may see limited capital inflows.
Third, the Bitcoin network is evolving to rival tokens with more specific use cases, such as Ethereum. Historically, Bitcoin was perceived as a buy-and-hold asset with limited functionality. However, developers have been expanding its capabilities, and new smart contract features will help it compete with rivals.
JPMorgan also stated that large institutions might overlook public blockchains like Ethereum in favor of private blockchains offering customized solutions for institutional investors.
Fourth, new altcoin projects require time to mature and prove their utility. The bank explained that decentralized initiatives often attract initial user attention but then face declining activity and token value. To achieve sustainability, these projects must demonstrate their long-term functional benefits.
JPMorgan cautioned investors against expecting a repeat of the 2021 crypto bull market. During that period, projects succeeded through token distribution, but the current industry is more focused on blockchain capability development.
The bank further noted that MicroStrategy is still halfway through its plan to invest $42 billion in Bitcoin. This software company has made a name for itself by accumulating vast Bitcoin reserves through equity and debt financing.
For the first time in history, over 20% of total spot trading volume is conducted on decentralized exchanges (DEXs).
Standard Chartered Bank warned that if the $90,000 support level breaks, Bitcoin could drop to around $80,000. The bank highlighted that Bitcoin ETF purchases have stabilized since the U.S. presidential election, and Jerome Powell’s policy shifts at the Federal Reserve on December 18 have increased selling pressure on digital assets.
The bank cautioned that widespread panic could amplify these sell-offs, potentially affecting other cryptocurrencies.Nevertheless, such a price drop could present a long-term accumulation opportunity.
EURUSD 20-24 Jan 2025 W4 - Weekly AnalysisThis is my Weekly analysis on EURUSD for 20-24 Jan 2025 W4 based on Smart Money Concept (SMC) which includes the following:
Market Sentiment Weekly Chart AnalysisDaily Chart Analysis4H Chart AnalysisEconomic Events for the Week
Market Sentiment
Interest Rate Differentials: The widening gap between US and Eurozone interest rates favors the USD. Higher US yields attract capital flows, supporting the USD against the euro.
Inflation Trends: While inflation in the Eurozone remains subdued, the US continues to grapple with sticky inflation, keeping the Fed cautious about easing policy. This divergence further supports the USD.
Energy Prices: Elevated energy prices, driven by geopolitical tensions or supply disruptions, could weigh on the Eurozone’s trade balance and economic growth, adding pressure to the euro.
Weekly Chart Analysis
1️⃣
🔹Swing Bearish
🔹Internal Bearish
🔹In Swing Discount
🔹Swing Continuation Phase (Pro Swing + Pro Internal)
2️⃣
🔹INT structure continuing bearish with iBOS following the Bearish Swing. (End of 2023 till end of 2024 was a pullback phase after the first bearish iBOS)
3️⃣
🔹After the bearish iBOS we expect a pullback, price tapped into liquidity below Nov 2022 which is above the weekly demand formed with the initiation of the bearish iBOS pullback phase.
🔹Expectations is for price to start a pullback phase from the Weekly demand zone / or from the liquidity sweep from the Nov 2022 low (Require Daily/4H confirmation).
Daily Chart Analysis
1️⃣
🔹Swing Bearish
🔹INT Bearish
🔹Swing Continuation Phase (Pro Swing + Pro Internal)
2️⃣
🔹Following the Bearish Swing BOS, INT Structure continuing bearish approaching the weekly demand zone.
3️⃣
🔹After the receint iBOS, price pulled back to EQ (50%) of the INT Structure but currently failed to create a new iBOS with a Bullish CHoCH forming a new Demand.
🔹Expectations is not clear as we could start a deep pullback to intiate the Weekly Pullback Phase required or the current failure to creare a new Bearish iBOS is just a pause in market for more bearish move to at least the Weekly Demand. More development required from LTFs.
4H Chart Analysis
1️⃣
🔹Swing Bearish
🔹Swing Continuation Phase (Pro Swing + Pro Fractal)
2️⃣
🔹After the Bearish BOS, price pulled back to the Swing EQ (50%) tapping into a Daily and a 4H Supply that caused a Bearish CHoCH and forming a Supply that price is contained within it.
3️⃣
🔹Price is currently ranging between Supply and Demand which clearly makes price indecisively have a clear direction. More developments required on LTFs to have a clear expectation.
Economic Events for the Week
Long trade
15min Entry
Buyside Trade
Pair GBPUSD
Tokyo Session PM
8.00 pm (NY time)
Entry 1.23602
Profit level 1.24457 (0.89%)
Stop level 1.23204 (0.13%)
RR 6.78
Buyside trade based on the narrative of supply and demand - observing the fractal formation and assuming price to break NY's previous high.
1/21/25 - RIGL: new BUY mechanical trading signal.1/21/25 - RIGL: new BUY signal chosen by a rules based, mechanical trading system.
RIGL - BUY
Stop Loss @ 16.25
Entry BUY @ 21.81
Target Profit @ 27.80
Analysis:
Higher timeframe: Prices have stayed above the lower channel line of the ATR (Average True Range) Keltner Channel and reversed.
Higher timeframe: Victor Sperandeo's (Trader Vic) classic 1-2-3 BUY pattern...where the current lowest bottom breakout price is greater than the preceding bottom price.
Higher timeframe: Price peaked below the ATR (Average True Range) breakout low and then reversed.
USDCHF LONGMarket structure bullish on HTFs 3
Entry at Weekly and Daily AOi
Weekly rejection at the AOi
Daily Rejection at AOi
Previous Structure point Daily
Around Psychological Level 0.91000
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Levels 5.35
Entry 110%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
Dead cat bounce for AAPLThe three black crows is visible on the weekly interval for NASDAQ:AAPL
We may see a dead cat bounce this week and for price to fade from the bearish weekly fair value gap (238.96). Ultimate target is at 219.47 or close to this level.
There's not a whole of data this week so we may rely on macro events or some earnings data that may induce some volatility to the market.
Made in England.. FTSE 100 Triangle BreakoutFinally the long term triangle pattern in blue chip UK stocks has broken - and the weekly chart for the FTSE 100 index is looking very positive.
The breakout weekly candle is a long one with a close right near the highs - showing bulls are well in control of the market.
We can see the triangle break in more granular detail on the daily chart with the break confirmed on Thursday and a strong follow-through move on Friday.
Support is found first at the former all time high (8450-8475) then back at the broken trendline from the triangle pattern.
These support levels define our risk - the price back inside the triangle will inform us the breakout has failed - this time at least.
But if things move as we expect, using the height of the triangle pattern as a price objective from the breakout point, the UK 100 could reach 9,000.
But - as always - that’s just how the team and I are seeing things, what do you think?
Share your ideas with us - OR - send us a request!
Comments welcome :)
cheers!
Jasper
The material provided in this article is for information purposes only and should not be understood as trading or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Trading Writers and has not been prepared in accordance with the legal requirements designed to promote investment research independence. If you rely on the information on this page, then you do so entirely at your own risk.
"XLM/USDT | Channel Breakout OpportunityHello traders! 👋
Here’s an exciting analysis for XLM/USDT. The price is approaching a key level, and a breakout above the current consolidation could lead to a significant move toward the channel resistance. 🚀
🔑 Key Highlights:
The pair is trading within a rising channel structure.
Order Block (OB): A key demand zone identified for potential accumulation.
Target: A potential 16.31% move toward the upper channel resistance (~0.52–0.54).
💡 Trading Plan:
A break above 0.4771 with strong volume could confirm bullish momentum.
Watch for pullbacks near the OB zone for potential entries.
Manage your risk by setting stop-loss levels below the channel midline.
#XLMUSDT #Stellar #CryptoTrading #TechnicalAnalysis #PriceAction #TradingView #ChannelTrading #Crypto #OrderBlock #BullishTrend #BreakoutTrading #Cryptocurrency
"What are your thoughts on XLM/USDT? Will it break out to the upside or consolidate further? Let me know below!"
@TradeWithMky #TradeWithmky Miracle
target reached I analyzed this trade during the weekend following how price moved previous week intermarket analysis gives broad idea of the pair you trading , its easy to show fter effect but it is always nice to see it beforehand now how do you take advantage ? wait wait wait patience and risk management is next your bias is correct now the real part begins patience and proper risk management mondays are not my trading days but now target reached it has given me a hint of what it can possibly do #remember it is a industry of probabilities