Views Of Gold New Weeks ☄️Overview of the new week's gold market☄️
➡️Currently, the gold price is still in the side ways area in the large frame H1 and H4. They will break the 2700 area and return to the 2644 - 2641 area, we will Buy.
➡️And if we break the 2580 area and return to the 2620 area, we will sell
➡️Next week we will Buy and Sell in the area 2661 - 2615 until there is a price breakout and we will apply the above prices.
✨Wishing you a happy and happy weekend with your family✨
Nasdaq
Investing in Cybersecurity: PANW vs CRWD vs FTNT◉ Abstract
The cybersecurity landscape is rapidly evolving, with emerging threats and innovative solutions driving growth in the industry. This article examines the competitive dynamics between three leading cybersecurity stocks: Palo Alto Networks (PANW), CrowdStrike (CRWD), and Fortinet (FTNT). As these companies sprint to become the top cybersecurity provider, we analyse their strengths, weaknesses, and strategies for success.
◉ Global Cybersecurity Market Overview
The global cybersecurity market has experienced significant growth and is projected to continue expanding in the coming years. As of 2023, the market was valued at approximately USD 192.4 billion and is expected to reach between USD 501 billion and USD 608 billion by 2033, with compound annual growth rates (CAGR) ranging from 9% to 12% depending on the source and forecast period considered.
◉ Growth Drivers
1. Increasing Cyber Threats: The frequency and sophistication of cyber-attacks, including ransomware and data breaches, are rising, prompting organizations to enhance their security measures.
2. Digital Transformation: The rapid adoption of digital technologies, such as cloud computing and the Internet of Things (IoT), expands the attack surface and necessitates robust cybersecurity solutions.
3. Regulatory Compliance: Stricter regulations regarding data protection, like GDPR and CCPA, compel organizations to invest in cybersecurity to ensure compliance and protect sensitive information.
4. Proliferation of Smart Devices: The increasing use of connected devices in homes and industries creates more entry points for cyber threats, driving demand for advanced security solutions.
5. E-commerce Growth: The rise in online transactions increases the need for secure payment systems and data protection, further fuelling the cybersecurity market.
Remote Work Trends: The shift towards remote work has heightened the need for secure remote access solutions to protect organizational data from cyber threats.
◉ Regional Insights
● North America: This region dominates the global cybersecurity market, accounting for over 36% of the market share. The presence of major tech firms and a high incidence of cyber threats contribute to its leadership position.
● Europe: The European market is also growing rapidly due to increased digital transformation efforts and regulatory pressures that emphasize data security.
● Asia-Pacific: Expected to exhibit the fastest growth rate during the forecast period, driven by industrialization, rising internet penetration, and awareness of cybersecurity risks.
◉ Major Players in the Cybersecurity Market
1. Palo Alto Networks NASDAQ:PANW - $132.7 B
2. CrowdStrike Holdings NASDAQ:CRWD - $89.7 B
3. Fortinet NASDAQ:FTNT - $75.26 B
In this comparative analysis we are focused to provide a detailed understanding of the competitive dynamics of three cybersecurity giants: Palo Alto Networks, CrowdStrike Holdings, and Fortinet.
◉ Company Overviews
● Palo Alto Networks
Palo Alto Networks, Inc. is a leading provider of cybersecurity solutions worldwide. The company offers a range of products and services, including network security platforms, cloud security solutions, security operation solutions, subscription services, and professional services. Headquartered in Santa Clara, California, Palo Alto Networks was incorporated in 2005 and has since become a trusted partner for organizations seeking to protect themselves from cyber threats.
● CrowdStrike Holdings
CrowdStrike provides cloud-delivered cybersecurity solutions, offering endpoint, cloud workload, identity, and data protection. Its Falcon platform provides various security services, including threat intelligence, vulnerability management, and AI-powered workflow automation. Headquartered in Austin, Texas, CrowdStrike was incorporated in 2011.
● Fortinet
Fortinet, Inc. was founded in 2000 and is headquartered in Sunnyvale, California. The company provides comprehensive cybersecurity and converged networking and security solutions worldwide. Its offerings include secure networking solutions, network firewall solutions, wireless LAN solutions, and secure connectivity solutions. Additionally, Fortinet provides Unified SASE solutions, security operations solutions, and a range of security services and support. The company serves a diverse customer base, including enterprises, service providers, governments, and small and medium-sized businesses.
◉ Strategic Growth Initiatives of Leading Cybersecurity Players
● Palo Alto Networks
1. Platformization: Transitioning from a traditional firewall vendor to a comprehensive cybersecurity platform provider, offering a wider range of security solutions.
2. Next-Generation Security: Continuing to deliver advanced security solutions to address evolving cyber threats.
● CrowdStrike
1. Innovation: Leveraging AI-powered capabilities to enhance the Falcon platform and maintain a competitive edge in the cybersecurity market.
2. Expansion: Expanding into adjacent markets, such as cloud security and identity protection, to broaden its customer base and product offerings.
● Fortinet
1. "Rule of 45" Framework: Adhering to the "Rule of 45" framework to balance revenue growth with profitability, ensuring a sustainable business model.
2. Product Refresh Cycle: Implementing a strategic product refresh cycle to drive upgrade activity among existing customers and stimulate revenue growth.
◉ Technical Standings
● Palo Alto Networks
➖ The stock has been on a strong upward trajectory, marked by a consistent pattern of higher highs and higher lows.
➖ Following a significant breakout last month, it is currently trading at an all-time high, with expectations for further increases.
● CrowdStrike Holdings
➖ In general, this stock is trending upward, although it has faced considerable price volatility over an extended period.
➖ After reaching an all-time high close to the 400 mark, it underwent a sharp correction.
However, the stock is now climbing again and nearing its previous peak.
● Fortinet
➖ This stock had undergone a lengthy consolidation phase lasting nearly three years, resulting in the development of a Broadening pattern.
➖ After a recent breakout, the price is now targeting new highs.
◉ Relative Strength
➖ The chart clearly demonstrates Fortinet's exceptional performance, showcasing an impressive return of nearly 88%. In comparison, Mastercard and Visa have generated returns of 53% and 41%, respectively.
◉ Revenue & Profit Analysis
● Palo Alto Networks
◾ Year-over-Year
➖ In FY24, Palo Alto Networks (PANW) celebrated an impressive revenue surge of 16.5%, achieving $8,027 million, a notable increase from $6,893 million in FY23.
➖ The EBITDA for FY24 also experienced a substantial boost, reaching $1,094 million, up from $590 million in FY23.
◾ Quarter-over-Quarter
➖ In the most recent October quarter, PANW reported revenues of $2,139 million, a slight dip from the $2,190 million recorded in July 2024. However, this still represents a year-over-year growth of nearly 14% from $1,878 million in the same quarter last year.
➖ The company also reported its highest-ever EBITDA of $413 million in October, an increase from $314 million in July 2024. Compared to the same quarter last year, this figure has risen by almost 20% from $279.5 million.
➖ In October, the diluted EPS rose to $7.69 (LTM), up from $7.28 (LTM) in July 2024, marking an extraordinary year-over-year increase of 333% from $1.78 (LTM).
● CrowdStrike
◾ Year-over-Year
➖ CrowdStrike (CRWD) saw a robust revenue growth of 36.3% in FY23, reaching $3,055 million, up from $2,241 million in FY22.
➖ Conversely, the EBITDA for FY24 has seen a decline, reporting $106 million, down from $118 million in FY23.
◾ Quarter-over-Quarter
➖ In the latest October quarter, CRWD's revenue rose to $1,010 million, compared to $964 million in July 2024. This reflects a year-over-year increase of nearly 28.5% from $786 million in the same quarter last year.
➖ The EBITDA for the most recent June quarter was $15.3 million, showing a significant drop from $52.4 million in July 2024.
➖ In October, the diluted EPS decreased to $0.51 (LTM), down from $0.69 (LTM) in July 2024.
● Fortinet
◾ Year-over-Year
➖ In fiscal year 2023, Fortinet reported a remarkable revenue increase of 20%, reaching $5,304 million, up from $4,417 million in fiscal year 2022.
➖ The EBITDA also saw a significant rise, with the 2023 fiscal year totaling $1,350 million, compared to $1,070 million the previous year.
◾ Quarter-over-Quarter
➖ In the latest September quarter, revenue continued to grow, hitting $1,508 million, an increase from $1,434 million in June 2024. This represents a substantial year-over-year growth of nearly 13% from $1,335 million.
➖ Furthermore, EBITDA for the September quarter neared $500 million, up from $465 million in the prior quarter, reflecting an impressive increase of nearly 51% from $330 million in the same quarter last year.
➖ The diluted earnings per share (EPS) also saw a significant increase in September, rising to $0.7 (LTM) from $0.5 (LTM) in June 2024, marking a notable jump of 70% compared to $0.41 (LTM) in the same quarter last year.
◉ Valuation
● P/E Ratio
➖ PANW stands at a P/E ratio of 48.6x.
➖ CRWD is at a P/E ratio of 707.9x.
➖ FTNT shows a P/E ratio of 49.2x.
◾ These numbers indicate that CRWD is considerably overvalued when compared to its competitors.
● P/B Ratio
➖ PANW's P/B ratio stands at 22.5x.
➖ CRWD's P/B ratio is 29.3x.
➖ On the other hand, FTNT's P/B ratio is significantly higher at 82.9x.
◾ FTNT's high P/B ratio may indicate overvaluation, but its asset-light business model reduces the significance of this metric.
● PEG Ratio
➖ PANW boasts a PEG ratio of 0.14.
➖ CRWD's PEG ratio is recorded at 0.66.
➖ FTNT, meanwhile, has a PEG ratio of 1.26.
◾ Analyzing the PEG ratios reveals that PANW is currently undervalued relative to its peers.
◉ Cash Flow Analysis
➖ PANW has achieved an impressive operating cash flow of $3,257 million for the fiscal year 2024, a substantial rise from $2,777 million in fiscal year 2023.
➖ In a similar vein, CRWD has also seen a positive trend in its operating cash flow, which has climbed to $1,166 million in fiscal year 2024, compared to $941 million the year before.
➖ Furthermore, FTNT has reported a remarkable increase in its operating cash flow, growing from $1,730 million in fiscal year 2022 to $1,935 million in fiscal year 2023.
◉ Debt Analysis
● Palo Alto Networks
➖ Debt to Equity Ratio: Approximately 0.1 as of October 2024, indicating a stable financial structure.
➖ Total Debt: About $645 million.
➖ Total Shareholder Equity: $5,911 million.
◾ PANW's ratio reflects a cautious debt approach, balancing equity and debt financing, with net debt well-supported by operating cash flow, enhancing financial stability.
● CrowdStrike
➖ Debt to Equity Ratio: Approximately 0.24.
➖ Total Debt: $743 million.
➖ Total Shareholder Equity: $3,096 million.
◾ CRWD's ratio suggests a thoughtful strategy regarding debt, maintaining a balance between equity and debt financing.
● Fortinet
➖ Debt to Equity Ratio: Approximately 1.1, indicating a significant level of debt relative to equity.
➖ Total Debt: $993 million.
➖ Total Shareholder Equity: $908 million.
◾ FTNT’s ratio shows a considerable reliance on debt financing, which can facilitate growth but also introduces risks related to interest obligations.
◉ Top Shareholders
● Palo Alto Networks
➖ The Vanguard Group has significantly increased its investment in Palo Alto Networks, now holding an impressive 9.13% stake, which marks a 1.53% rise from the last quarter.
➖ In comparison, Blackrock holds a notable 7.65% share in the company.
● CrowdStrike
➖ Turning to CrowdStrike, The Vanguard Group has also enhanced its position, elevating its ownership to an impressive 8.76%, reflecting a 1.84% increase since the previous quarter.
➖ Conversely, Blackrock possesses a considerable 7.35% stake.
● Fortinet
➖ Regarding Fortinet, The Vanguard Group commands a substantial 8.79% share in the firm.
➖ In contrast, Blackrock holds a 7.44% stake.
◉ Conclusion
After conducting an exhaustive analysis of the major players in the cybersecurity sector, which included an in-depth look at both technical features and financial reports, we have determined that although Palo Alto Networks (PANW) might seem more appealing in terms of valuation, Fortinet (FTNT) stands out as the leading candidate in the industry due to its solid financials. Although concerns about debt exist, the company's strong cash reserves mitigate these worries significantly.
On the other hand, CrowdStrike (CRWD) has faced a recent setback with an outage that has shaken investor trust, leading to a decline in its stock price and rendering it a less favourable investment option for the foreseeable future.
Moreover, the cybersecurity sector is set to grow significantly due to rising cyber threats, fast-paced technology changes, and stricter regulations. Investors are advised to conduct thorough research, define clear investment goals, and maintain a long-term outlook to take advantage of this growth while minimizing risks.
NASDAQ, setup for 25k (20% potential)Hello everyone,
based on the major wave 3, we can make a projection to imagine where the global markets could form a major top. In my view we are entering the last stages of the bull run, with a potential of 20% gains to come. After reaching the top, a major bear market could start, but I don't expect the top to be in before at least Q1 of 2025.
What I also want to point out is that we are about to test the very significant last swing high from where wave 4 started. I should be a good zone to start buying again, as we are in a strong bullish trend. If you need confirmation observe this level closely.
XAUUSD ON THE MOVEAfter make such a sudden hard uptrend, Gold seems ready to come down again ;
in a liquidity slow pattern this time, as it seems to have already started yesterday ;
just like BTC, gold sometimes like to come back where it started but in a slow way compared to the huge candlebox it just did ;
so this seems like a plunging pattern looking at aiming for 2550s.
US100/NASDAQ GOING UPAfter a long uptrend which we could not wait would stop, seems like yesterday's move set the tone for next days ;
it seems thanks to Trump that it is going up for real in a super bullish trend that wants to break 22K ;
and as BTC just blew 102-103K, we never know what could happen.
More precisely, this seems like a triangle pattern which will either make the price fall hard or keep going up smoothly, which seems more accurate now.
NASDAQ - Technology Leads Amid Challenges and OpportunitiesNASDAQ - Technology Leads Amid Challenges and Opportunities
The NASDAQ index continues to capture investor interest, buoyed by the strength of technology and artificial intelligence (AI) stocks, while navigating regulatory, economic, and geopolitical hurdles. The latest macroeconomic updates and Federal Reserve signals add further dimensions to the narrative shaping the index’s performance. Here’s an expanded analysis, incorporating fresh data and insights.
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Key Macroeconomic Updates Influencing NASDAQ
Inflation and Sentiment
- University of Michigan 1-Year Inflation Expectations: Actual 2.9% (Forecast 2.7%, Previous 2.6%)
This slight increase in inflation expectations signals that consumer inflation concerns remain elevated, despite Federal Reserve efforts. Persistent inflationary pressure could temper optimism around rate cuts.
- University of Michigan Sentiment Index: Actual 74.0 (Forecast 73.2, Previous 71.8)
The stronger-than-expected sentiment reading reflects consumer confidence in economic resilience, which could support continued spending on technology and digital services, bolstering the NASDAQ index.
Labor Market Insights
- US Unemployment Rate: Actual 4.2% (Forecast 4.1%, Previous 4.1%)
A modest uptick in the unemployment rate suggests a cooling labor market, potentially reinforcing the case for monetary easing.
- US Nonfarm Payrolls: Actual 227k (Forecast 220k, Previous 12k, Revised 36k)
Strong job growth underscores economic stability but adds complexity to the Federal Reserve's inflation battle.
- US Average Earnings YoY: Actual 4.0% (Forecast 3.9%, Previous 4.0%)
Wage growth remains steady, indicating ongoing consumer spending power but also signaling potential inflationary pressures.
Federal Reserve Dynamics
- Fed's Bowman: Progress on inflation seems to have stalled.
This commentary reinforces market expectations of a more accommodative monetary stance to counter economic headwinds.
- Short-Term Interest Rate Futures: A sharp rise post-jobs report indicates an 85% chance of a rate cut in December, up from 67%.
Lower borrowing costs would directly benefit the tech-heavy NASDAQ, as growth stocks typically outperform in low-rate environments.
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Seasonal and Sentiment Factors
Historical Seasonality
December has historically been favorable for the NASDAQ, driven by:
- **Seasonal Consumer Spending:** Electronics and digital services see a surge, supporting revenue for tech companies.
- **Portfolio Rebalancing:** Institutional investors often position portfolios for growth into the new year.
- **Optimism Around Innovation:** End-of-year announcements and advancements in technology further fuel investor enthusiasm.
Investor Sentiment
- The **Fear & Greed Index** remains at 55, leaning toward greed, signaling potential for continued short-term market gains.
---
Revised NASDAQ Outlook
Positives:
1. **Tech Momentum:** The AI-driven rally continues, with companies like Microsoft and Meta capitalizing on innovation and demand.
2. **Federal Reserve Support:** Increasing odds of rate cuts and gradual disinflation expectations create a favorable macro backdrop.
3. **Resilient Economic Indicators:** Strong labor market and durable goods data point to economic stability.
Risks:
1. **Regulatory Headwinds:** Scrutiny over AI and antitrust issues may weigh on tech giants like Microsoft and Meta.
2. **Inflation Uncertainty:** Stalled progress on disinflation could delay aggressive monetary easing.
3. **Geopolitical Tensions:** Ongoing global supply chain disruptions pose risks to the tech sector.
Conclusion
The NASDAQ index is well-positioned to close the year on a strong note, underpinned by robust demand for technology, favorable monetary conditions, and consumer confidence. However, vigilance is essential as regulatory, geopolitical, and inflation-related risks remain prevalent. Key developments, including Federal Reserve decisions and corporate earnings, will be pivotal in shaping the index's trajectory into 2024.
NAS100 Update and Trading The Fakey Shakey👀 👉 In this video, we revisit the price action covered in a previous upload—an aspect I often emphasize in my videos. The NAS100 offers a classic example of the "fake shaky" chart pattern and key signals to watch for as price moves away from critical support or resistance zones. We also explore a common trap that traders can fall into. As always, this is not financial advice. 📊✅
NAS100 NASDAQ Technical Analysis and Trade Idea👀 👉 While the NAS100 has maintained a bullish trend, recent price action shows signs of consolidation within a sideways range. Historically, price has often retraced significantly following strong rallies—could we be on the brink of another pullback? In this video, we delve into the trend, price action, market structure, and a potential trade setup. Disclaimer:* Trading carries significant risk, and market conditions can shift rapidly. This video is for educational purposes only and should not be considered financial advice. 📊✅
Red Flag in Tech: SMH vs. QQQ Breakdown Signals Potential Introduction:
Despite the bullish seasonality currently supporting the market, a concerning signal is emerging from a key driver of this stock market rally: the ratio between semiconductors NASDAQ:SMH and the Nasdaq 100 NASDAQ:QQQ . This ratio serves as a critical gauge of tech sector health, as the major tech and AI players fueling this bull market rely heavily on semiconductor innovation.
Analysis:
Tech Sector Health: The SMH-to-QQQ ratio has historically been a strong indicator of tech sector momentum. When semiconductors outperform, it signals strength and optimism in the broader tech sector. Conversely, underperformance by chip stocks raises concerns about the sustainability of tech-driven rallies.
Emerging Concern: Currently, this ratio appears to be breaking down from a rounding top formation—a bearish signal. If this trend persists, it could lead to increased market volatility, potentially as early as year-end or into early 2025.
Market Implications: For the bull market to maintain its momentum, this ratio needs to reverse course soon. Semiconductors are not just another tech subsector—they are foundational to the AI and big tech themes driving this rally. A continued breakdown could dampen market sentiment, impacting broader indices.
Conclusion:
The SMH-to-QQQ ratio is flashing a warning signal, with a potential breakdown that could lead to increased volatility in the near term. However, chip stocks still have time to recover and restore market confidence. This ratio will be a crucial indicator to watch as we approach the end of the year. Will chip stocks regain their footing, or are we headed for a turbulent 2025? Share your insights below!
Charts: (Include relevant charts showing the SMH-to-QQQ ratio, the rounding top formation, and support and resistance levels)
Tags: #Semiconductors #Nasdaq #TechSector #SMH #QQQ #MarketTrends #TechnicalAnalysis
QQQ & the market are heading higher! BULL RUN CONTINUATION! NASDAQ:QQQ and the overall markets are heading higher based on our High Five Setup Trading Strategy and what the charts are telling us!
- Ascending triangle breakout_retest_next is higher. This was a tricky one as we broke out and over shot the rest area but we are now back above the breakout area and set for ATH push this upcoming thanksgiving week IMO.
- Dropped down to our support zone and caught a bid as we anticipated due to AVP shelf and the 9ema.
- Williams R% needed that pullback last week, and now we have a retest of support and a bounce higher in our consolidation box. Giving us a strong signal we will build on the week we just had and head towards ATH's once more.
Measure move for the Ascending Triangle is:
$560
Measure Timeframe is:
March2025
For everyone that is calling a TOP across social medias. I say NO SIR! The charts DON'T LIE!
NFA
NASDAQ: Technology Leads Amid Challenges and OpportunitiesNASDAQ: Technology Leads Amid Challenges and Opportunities
The NASDAQ index remains a focal point for investors, driven by the strength of technology and artificial intelligence (AI) stocks, while navigating regulatory hurdles and mixed economic data. Here's a closer look at the factors shaping the index's performance and its outlook for the coming weeks.
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Key Factors Driving NASDAQ
Tech Rally and AI Optimism
NASDAQ has seen robust gains, fueled by the dominance of tech stocks. Investors continue to bet on the long-term potential of AI, boosting companies like Microsoft and Meta. However, Microsoft faces regulatory scrutiny from the FTC over its AI software sales, which could weigh on short-term performance. Meanwhile, Meta, led by Mark Zuckerberg, is adapting its strategies to align with the evolving political landscape, including engagement with the Trump administration's policies.
Strong Corporate Performance
- Salesforce reported Q3 revenue of $9.44 billion, exceeding expectations, though adjusted EPS disappointed.
- Microsoft and other tech giants continue to invest heavily in AI, supporting long-term investor optimism.
Despite some challenges, the technology sector remains a key growth driver for NASDAQ, supported by innovation and strong demand for digital products and services.
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Macroeconomic Data and NASDAQ
Mixed Signals from the U.S. Economy
- ISM Services PMI fell to 52.1, below expectations of 55.7, indicating slower growth in the service sector, a key driver of consumer demand for technology.
- Durable goods orders rose 0.3%, meeting expectations and signaling economic stability.
- Construction spending increased by 0.4%, reflecting robust investment activity.
While these figures present a mixed picture, stability in other areas, such as the labor market (JOLTS job openings at 7.744 million in October), provides a solid foundation for the market.
Federal Reserve Policy and Its Impact on Technology
The Federal Reserve is slowly pivoting toward a more dovish stance. An anticipated rate cut in December, currently priced at a 74% likelihood, could benefit technology stocks, which are sensitive to borrowing costs. The Fed forecasts gradual disinflation toward a 2% target by 2025, potentially creating favorable conditions for the tech sector in the long term.
---
Seasonality and NASDAQ
December has historically been a strong month for tech-heavy indices like NASDAQ, driven by:
- Seasonal consumer spending, particularly on electronics and digital services.
- End-of-year portfolio rebalancing by investors.
- Optimism surrounding technological advancements and innovations.
The **Fear & Greed Index**, currently at 56, indicates a sentiment skewed toward greed, often a precursor to further short-term market gains.
---
NASDAQ Outlook: Technology at the Forefront
As a leader in the technology space, NASDAQ has strong fundamentals to end the year on a high note. Robust demand for AI-related technologies, stable economic data, and Federal Reserve support create a positive backdrop for the index. However, investors must remain cautious about potential risks, including:
- Regulatory challenges for tech giants.
- Geopolitical tensions impacting global supply chains.
- Uneven progress in disinflation, which could prolong restrictive monetary policies.
With optimism surrounding technology and potential monetary easing, NASDAQ remains an attractive choice for long-term investors. However, key events such as quarterly earnings and further Federal Reserve decisions will significantly influence the index's trajectory. For now, the tech rally seems well-supported, but vigilance is essential.
Alternate Targets For NQ All Time HighsIn my previous post, I showed an NQ target price of 21,712.25 based on the Fib Extensions from the overall move in the market on higher time frames. However, using Fib Extensions from the more recent move (lower time frames), I have come up with two alternate reversal points for NQ.
These alternate levels are 21,540.25 which price came into EOD, and 21,650.50 which would be considered our next target above.
Nasdaq Intraday Review - Wednesday 4 Dec 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 5:30 am GMT (00:30 am EST)
Economic news - ADP Nonfarm Employment Change @13:15
News - None
Directional bias - BUY
Morning analysis:
M TF - very bullish
W TF - very bullish, we are now in all time high territory again
D TF - D candle had closed higher that previous high, testament of the bullish sentiment
4H TF - very bullish, 4H EMA is far down, so if price retraces it could be a long way down before price finds the dynamic support of the 4H EMA
As the day progressed:
Noted a rising wedge pattern form as marked by the blue lines.
Price broke the market pattern upwards and came back down to retest the top line of the pattern.
With price being at an all time high, it could easily be assumed that price will make a huge retracement. In the past, I would have been eagerly ready to place a sell because it's at an all time high and "has to come down"(*). I have lost a lot of money in the past, trying to decide for the market, what it should do.
Looking at this market pattern, the way price broke upwards, re-tested and closed a green candle HIGHER. It seemed to me price wanted to continue upwards.
From years of screen time, I also know that if price is very bullish (like at all time highs) it can continue higher for much longer than one would expect. I have also seen that sometimes, price will continue to push for the previous day's TP's.
So because price was also rejecting the TP1 from the day before and closing higher, I felt that bulls wanted to push for TP2.
I entered a small buy position at the hand icon. Price shot all the way up to TP2.
I closed just before market open at the top hand icon and made a cool 870 pips. I closed because I was "sure" market open would retrace and wanted to lock in my profits.
So even though preaching at (*) in the text above, I was still a victim of this mentality that "price has to come down" :)
But anyway, I am still happy with my trading today. In the long ago past, I probably would have taken a sell just because price "has to come down after all time high".
In the not-so-long-ago past, I probably would have sat out and been too scared to take a buy, even though I saw the signal. But today, I took the signal, albeit with a small position. #progress
So just a reminder, trading is a long and slow game of patience and repetition (or at least for me).
Keep going, keep consistent and you will see progress.
In the beginning your goal should be to survive and live to trade another day. Get in as many hours of screen time as you can...and just keep going.
If I were to advise a beginner, I would say:
1. Learn as much as you can about candles, market patterns and timeframe confluence (use baby pips.com for an excellent free resource)
2. Have 3 x display screens on your desk. On one screen, have the 1H TF displayed, on the second screen, display a split between the 4H TF and the D TF. On the third screen, display a split between the 15min and 30min TF.
3. Stare at your screens for hours and hours a day! Haha! Screen time is the most valuable experience you can get.
4. Don't demo trade for too long. Trading with real money changes the game. So trade with the smallest possible position size available eg. 0.01 and just try to survive to the next day.
5. Start seeing results after a few years (not what everyone wants to hear because trading is "fast, easy money", but that is the truth for the majority of traders)
All the best! :)
Stats:
The total move for the day was 2'000 pips
I captured 870 pips / 44 % of the total move (need to improve)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
NQ All Time High Breakout And Targets 12/4The Nasdaq (NQ) has surged past its previous all-time highs, setting a new milestone with a target of 21,712.25 based on Fib Extensions. While the index could pull back for a retest of these previous highs, it also has the potential to continue its rally straight toward the target. Stay tuned as we watch for potential price action! 📈 #NQ #Nasdaq #AllTimeHighs #StockMarket
Investors Update for BloomZ Inc. (Dated 4th December 2024)BloomZ Inc. , a leading name in Japanese anime production, audio production, and voice actor management, has recently unveiled several strategic initiatives and completed notable projects that reinforce its industry standing and growth trajectory. These developments underscore the company’s commitment to innovation and value creation for its stakeholders.
One of the most significant announcements is BloomZ’s new strategic partnership with Badge Inc., a cutting-edge fan engagement solutions provider. This collaboration aims to revolutionise the fan experience by integrating Badge’s advanced technologies with BloomZ’s extensive content portfolio.
The partnership will provide fans with innovative avenues to interact with their favourite anime characters and VTuber personalities, enhancing the overall audience engagement. This move not only aligns with evolving market trends but also sets a benchmark for fan interaction in the anime and digital entertainment space.
Additionally, BloomZ has solidified its presence in the digital entertainment domain through its alliance with CrossVision Inc. , a company renowned for its expertise in Web 3.0 technologies. This partnership seeks to blend BloomZ’s proficiency in animation and VTuber management with CrossVision’s blockchain and metaverse capabilities. Together, the companies are exploring groundbreaking initiatives, including metaverse fan events and blockchain-based fan engagement solutions, which have the potential to redefine industry standards and expand BloomZ’s market reach.
On the production front, BloomZ has successfully completed audio production for two highly anticipated anime series: Maou-sama, Retry! R and Goodbye, Dragon Life – Hello, Human Life. These projects, which aired in October 2024, have already garnered widespread acclaim. With original light novels boasting impressive sales figures of 2.22 million and over 1 million copies, respectively, these anime adaptations are expected to further solidify BloomZ’s reputation for delivering high-quality sound production. These achievements highlight the company’s dedication to excellence and its pivotal role in bringing popular narratives to life.
As BloomZ continues to build on its strong foundation, the company is proactively exploring collaborations with additional strategic partners. By engaging with innovative entities and leveraging emerging technologies, BloomZ remains committed to driving growth, enhancing shareholder value, and shaping the future of anime and digital entertainment.
USNAS100 / Key Breakout Levels and Trend ProjectionsTechnical Analysis
The price surged approximately 320 pip, as anticipated in our previous analysis. Today, maintaining stability above the All-Time High (ATH) is crucial to achieving further gains, with the next target at 21,360.
A confirmed 1-hour or 4-hour candle close above 21,215 would likely drive the price toward 21,360 and further to 21,500. Conversely, if the price stabilizes below 21,160 with a confirmed 1-hour or 4-hour candle close, a decline toward 21,075 and 20,990 is expected.
Key Levels:
Pivot Point: 21160
Resistance Levels: 21220, 21360, 21500
Support Levels: 21075, 20990, 20860
Trend Outlook
Bullish: Upon breaking and closing above 21,215.
Bearish: Upon breaking and stabilizing below 21,160.
PREVIOUS IDEA: