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Opening (IRA): USO December 20th 68 Covered Call... for a 66.48 debit. Comments: Back into the slippery stuff with /CL trading at 70.48. Selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. My basic approach here is to dink and donk on the underlying when /CL is at $70/bbl. or below. Metrics: Break Even/Buying Power Effect: 66.48 Max Profit: 1.52 ROC at Max: 2.29% 50% Max: .76 ROC at 50% Max: 1.15% Will generally look to take profit at 50% max; roll out short call on take profit test. I'll also look to add "rungs" should I be able to do so at strikes/break evens better than what I currently have on.
AMEX:USOLong
by NaughtyPines
AEVOUSDT --> Just One Step Away From a Price SurgeThe AEVOUSDT chart presents an interesting scenario where price action remains constrained within a key resistance zone, but recent developments suggest the possibility of a breakout. Currently, the price is facing significant resistance near the 0.53–0.60 USDT level, a region where sellers have previously maintained control. Despite this, the chart reflects encouraging signs: the formation of a higher low (a newly established bottom) supported by an ascending trendline. This development is particularly noteworthy in the context of broader market dynamics. As Bitcoin’s dominance in the cryptocurrency market gradually diminishes, altcoins like AEVO are finding opportunities to gain momentum. This shift in capital flow creates a fertile environment for AEVO to realize its bullish potential. Before the price can decisively break through the resistance, a retest of the trendline is reasonable. This retest, likely within the 0.40–0.45 USDT range, will serve as a litmus test for the strength of buyer support. If the trendline holds, AEVO will be well-positioned to push higher, eventually targeting the 1.1 USDT mark as investor confidence builds and resistance levels are surpassed.
Long
by tradingsmithaltcoin
EUR/USD: Strategic Short Opportunities UnveiledThe EUR/USD pair is entering a clear bearish correction phase on the 1-hour timeframe. With selling pressure from the OB Zone and strong bearish signals from the EMA indicators, the price is expected to continue moving towards lower support levels. Suggested Trading Strategy Entry Points (Short Entry): Open a short position when the price slightly retraces to the OB Zone (~1.0522-1.0538). Alternatively, consider entering a short trade if the price breaks below the nearest support level without retracing. Take Profit (TP): TP1 at 1.0460. TP2 at 1.0385. Stop Loss (SL): Place the stop loss above the OB Zone (~1.0540), as this is where the price may trigger an unexpected reversal.
Short
by Jack5cu
Bitcoin breakthrough: The journey to conquer a new heightBTC/USDT is in a trend of increasing sharply after breaking down the long -term decrease. Technical factors such as new increase channels, EMA support, and important support areas have strengthened the ability to continue increasing prices. With an appropriate trading strategy, investors can take advantage of the adjustment to participate in the market, with the expectation of higher prices. However, it is necessary to comply with risk management and closely monitor the new market developments to adjust the strategy in time. Trading strategy suggested Input score (entry): Buy when the adjustment price to the first support area (~ 90,000 USDT) or when the signal appears to increase from EMA 34. Monitor candle signal like Engulfing Bullish or Pin Bar to confirm the purchase force. Short -term goal: 96,000 USDT. Medium -term target: 112,000 USDT.
Long
by tradingsmithaltcoin
Bitcoin's Bearish Outlook: Targeting the $91,000 Support ZoneBitcoin is approaching the important resistance area ($ 98,000 - $ 99,000) in its increasing channel, but weakness shows the possibility of being rejected. If BTC does not pass this level convincingly, a fake breakthrough may occur, triggering a sharp decline. The next goals are the $ 92,859, $ 90.754 support area, in accordance with the lower boundaries of the channel and the main bridge area. This area is expected to attract significant buying interest, making it an important level to be monitored.
Short
by tradingsmithaltcoin
2
XAUUSDGold prices were under pressure yesterday as the PMI news was released, which was good for the dollar and Treasury yields rose. However, gold prices were supported by the forecast of a December Fed rate cut and geopolitical tensions in Syria and Russia-Ukraine, creating a push into safe havens. Gold prices are currently moving sideways in a large range between 2633 - 2666, the nearest resistance is still at 2660 - 2665, and there is no clear trend for gold at the moment. If this Sideway zone is broken, Gold may find the nearest resistance at 2683-2688. Consider using the support at 2620 - 2625 to catch up with the uptrend of Gold. ‼️XAUUSD BUYZONE 2624 - 2626 SL 2621 TP 2628 - 2630 - open ‼️XAUUSD SELLZONE 2661 - 2663 SL 2666 TP 2659 - 2655 - 2650
OANDA:XAUUSDShort
by Jack5cu
1
Opening (IRA): SPY Dec 20th 505 Covered Call... for a 501.71 debit. Comments: Re-upping at a higher strike than the one I just took off, looking to capture an additional little increment of upmove that I missed out on. If you wanted to be really anal about it, you could capture all of the up move over time (or capture the same increment more than once). For example, say I just took off the November 15th 500 covered call at or near max (e.g., 499.80). I can then shop for a monied covered call to capture the next increment of movement from 499.80 up, so I'd want to get into a setup for 499.80 or less. This would be the Jan 31st 506 covered call, currently trading for 499.72 and would ostensibly capture the move from 499.72 to 506 (assuming, naturally, a finish above 506). In the next iteration, I would look to capture the move from 506 up, and so on, all the way until my short call was at-the-money or out-of-the-money, depending on what I was trying to do with the setup.
AMEX:SPYLong
by NaughtyPines
Gold → The correction is gaining momentum. The next target is 24Hello, dear traders, Ben here! Gold faced significant supply on Monday and broke a four-day winning streak, indicating that gold prices are ready to reach lower levels, such as down to 2547-2470. What has happened and what will happen? Demand for the dollar has increased at the expense of gold. At the same time, the U.S. Personal Consumption Expenditures (PCE) index for November still rose 2.8% year-over-year, higher than the forecast and the Federal Reserve's (FED) target of 2%. These factors could make the FED more cautious in continuing to cut interest rates in the short term. In the medium term, the focus is on the non-farm payroll report; if the data shows a robust labor market, the Federal Reserve (Fed) is more likely not to cut interest rates. That will boost the USD and could negatively impact gold. On the H4 chart, gold is in a local downtrend channel and below the psychological resistance level of 2643. If the bears keep the 2633-2643 region under control, gold may continue to weaken towards the 2547 - 2470 level. Technically, after a week of low liquidity due to the holidays, this metal may enter a consolidation phase, for example, in the 2643 - 2623 area, but it is still noteworthy to pay attention to the resistance and support levels from which strong moves can form...
OANDA:XAUUSDShort
by Bentradegold
Gold --> Interest in this metal is growingOANDA:XAUUSD On the basis of support from the dollar correction and the local maximum update. The liquidity is decreasing and Friday in the US also plays an important role in the market... On H1, gold holds within the boundaries of a local bullish channel on the basis of a weak dollar, mainly due to the inflation regime... In addition, the dovish sentiment from the Fed regarding interest rate policies continues to support gold prices, however, this is not a topic of interest at the moment. On the other hand, buyers' attention is shifting to the policies of the new US administration, which may impact the economies, causing central banks to increase their gold reserves. This may spur a sharp increase in central banks' gold trading. So, since we have a bullish run, an ascending channel and strong fundamentals, in this case, it is reasonable to consider buying only, which can only be done from around the support area (FVG) and a breakout of the resistance level. The expected gold price increase is 2678 and 2694 is getting closer :)
OANDA:XAUUSDLong
by Bentradegold
#Nifty50 Volatile week ahead, outlook for 2-6th Dec 2024The Nifty 50 index concluded the week on a strong note, closing at 24,131, up 225 points from the previous week. The index oscillated between a high of 24,354 and a low of 23,873, staying within the predicted range of 24,500 to 23,300. For the upcoming week, I anticipate the index to remain confined to a range of 24,750 to 23,600 . A breach of these levels could trigger significant market volatility. A closer look at the weekly chart reveals a potential W-pattern formation. To complete this pattern, a pullback towards the 23,500-23,600 support zone is necessary. Whether this pullback materializes next week will be crucial to watch. S&P 500 Breaks Resistance, Sets Stage for Further Gains The S&P 500 index finally managed to breach the strong Fibonacci resistance level of 6,013. If it can sustain above the 6,000 mark, a move towards the 6,142 level, representing a 1.5% upside, is likely. Such a move could provide a positive impetus to global markets. However, a failed breakout could lead to a 2% correction, potentially testing the 5,914-5,900 support zone. Investors should be prepared for both scenarios.
NSE:NIFTY
by ssudhirsharma11
Opening (IRA): TQQQ January 17th 65 Covered Call... for a 61.79 debit. Comments: Adding a "rung" at a break even better than what I currently have on, selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 61.79/share Max Profit: 3.21 ($321) ROC at Max: 5.20% 50% Max: 1.62 ($162) ROC at 50% Max: 2.60% Will generally look to take profit at 50% max, roll out short call on take profit test (which is at 63.40).
NASDAQ:TQQQLong
by NaughtyPines
Gold--> Trade inside from channel boundaryOANDA:XAUUSD A slight increase from $2,650 after the breakout, this is generally due to political news, but the overall fundamental backdrop remains challenging. Today, liquidity is low due to the Thanksgiving holiday in the United States. Metal prices are affected by geopolitical risks, which remain high due to the Russia-Ukraine conflict. Additionally, the commitment of U.S. President-elect Donald Trump to impose tariffs on Canada and Mexico is also having an impact. "This has raised a bit more concern about the possible consequences from these two countries. So, that remains an important supporting factor for gold." In theory, any effort to push gold prices higher may be limited because Trump’s tax plan is also considered a potential driver of inflation, which could lead the U.S. Federal Reserve (Fed) to slow the process of cutting interest rates. Technically, gold is moving sideways, so we consider trading from the range boundaries. We focus on the local channel from H1 2660 - 2618 and the global channel from D1 at 2690 (2710) - 2605. Accordingly, at this time, gold is heading toward liquidity above. A false breakout of the main resistance zone and price consolidation in the selling area could lead to a price drop to the lower boundary of the sideways range.
OANDA:XAUUSDShort
by Bentradegold
BTCUSDT Technical Analysis OverviewHi guys, Ascending Channel and Breakout: The chart shows a long-term ascending channel that guided price action for several months. Recently, Bitcoin broke out of this channel, signaling a strong shift in bullish momentum. The breakout was accompanied by significant volume, confirming the strength of the move. Fibonacci Levels and Pullback Zone: After the breakout, the price retraced slightly and is now hovering around the 0.618 Fibonacci retracement level ($87,208) and the 0.5 level ($83,322). This area is critical, as it coincides with a Fair Value Gap (FVG)—a liquidity zone where buyers are likely to step in. EMA 34 and EMA 89 Support: Both EMA 34 and EMA 89 are acting as dynamic support levels, and their upward slope reinforces the bullish structure. This alignment confirms that the current pullback is part of a healthy correction in a broader uptrend. Liquidity Grab Potential: The highlighted liquidity zone suggests that price may temporarily dip to attract more buyers. A test of this zone could serve as a springboard for the next upward leg. Upside Targets: Using Fibonacci extensions, my first target aligns with the 1.0 level ($99,787), followed by 1.272 ($108,744) and 1.618 ($120,138). These levels represent logical points where profit-taking could occur in the next bullish wave. Price Action Scenario: Based on the chart, I anticipate a potential bounce from the liquidity zone and FVG, leading to a continuation of the bullish trend. However, a failure to hold the $83,322 level could invalidate this setup and shift focus back to lower support zones. Conclusion: The technicals suggest that Bitcoin remains bullish as long as the key support at $83,322 holds. I'm closely watching price action in the FVG zone for signs of buying pressure before targeting higher levels at $99,787 and beyond. Patience is key, as the market digests the breakout and prepares for its next major move.
Long
by tradingsmithaltcoin
6
GOLD → Controversial fundamental background. What's next?OANDA:XAUUSD capitalizing on the weakening of the US dollar and heading towards the areas of interest and liquidity at 2635 - 2639. But! There are signs that a flag pattern is forming. Theoretically, any attempt for gold prices to rise could be limited. PCE, GDP, and the resistance ahead... Meanwhile, sellers pause slightly amid concerns about trade wars, geopolitical risks, expectations that the Fed will cut rates by another 25 basis points in December, recently declining US bond yields, and the USD falling overnight to a two-week low. However, ahead of the upcoming macroeconomic news from the US, namely PCE and GDP, after a relatively quiet news week, volatility is likely to be unpredictable. The question now is whether the downward momentum will continue as the price reacts to a critical support zone. Technically, gold remains range-bound and is heading towards areas of interest from which a retracement could form. But this reaction also partly depends on the news.... The focus is on the imbalance zone, fibo 0.618 and fibo 0.5. Due to the controversial technical and fundamental background, the gold price may close inside a wide channel, which allows us to use its boundaries for trading. We are watching the resistance with a sell target for further downside
OANDA:XAUUSDShort
by Bentradegold
Technical analysis of XAUUSD chartDear friends, it's Ben here! Flag Pattern: The chart showcases a well-formed flag pattern, a classic bearish continuation signal. Target Projection: Using the height of the previous wave 3 of the flagpole, the pattern's target is forecasted to be around $2,553. Fibonacci Levels: The price is at a level corresponding to the 0.618 Fibonacci retracement at $2,637, a strong bearish signal, with the next resistance near $2,647 (0.5 Fibonacci retracement). Breakout Confirmation: A breakout from the flag will confirm the bearish momentum. Trend Outlook: A macro bearish trend is indicated, supported by resistance rooted in fundamental factors... Consider, share your opinions and questions, discuss what is happening with OANDA:XAUUSD
OANDA:XAUUSDShort
by Bentradegold
1
EURUSD: Corrects After False Breakout Before Continuing DownwardFX:EURUSD rising higher based on the correlated reaction with the dollar. The currency pair is likely to test the local highs. But! Since there is scheduled news today, you must be extremely cautious... The fundamental background remains overall very negative since Trump’s victory. Additionally, the local downtrend is not yet over, thus providing us with the main trend to follow in our trading decisions. From a technical perspective, as a false support breakout is forming on the chart, we should wait for a retest of the resistance areas to consider further selling attempts aimed at pushing the price lower. Short-term levels to watch: Resistance levels: 1.051, 1.065, 1.076 Support levels: 1.051, 1.044, 1.033 If the bears behave aggressively on the back of the news, the price will likely continue to decline from these areas.
Short
by Bentradegold
Opening (IRA): TAN Dec 20th 34 Covered Call... for a 32.69 debit. Comments: High IVR/IV at 115.8/57.1. Adding a rung out in December to my position at a break even better than what I currently have on. (See Post Below). Selling the -75 delta call against stock to emulate a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 32.69 Max Profit: 1.31 ROC at Max: 4.01% 50% Max: .66 ROC at 50% Max: 2.00% Will generally look to take profit at 50% max.
AMEX:TANLong
by NaughtyPines
Gold-> continue to drop to $ 2600. What will happen?Hello, dear friends, this is Ben! Gold prices dropped to their lowest level in a week during the Asian session on Tuesday, although spot prices found some support near the $2,600 mark. Meanwhile, the prevalent risk-on environment, coupled with bets for slower Fed rate cuts and rising U.S. Treasury yields, is driving flows out of the safe-haven XAU/USD. Theoretically, any attempt to push gold prices higher may face limitations. Ahead, the U.S. Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve’s preferred measure of inflation, is scheduled for release on Wednesday. Technically, gold is attempting to break out of the key range after testing support. If a false break occurs at the 2634 level, a minor correction towards resistance may form. Resistance levels: 2634, 2649, 2663 Support levels: 2618, 2607, 2600 If sellers hold the price below 2630-2634, the bearish momentum could strengthen. However, as the price is testing strong support, a significant reaction could form a false breakout and a correction, potentially targeting levels like 2649-2663 (fibo 0.5), before continuing the downtrend.
OANDA:XAUUSDShort
by Bentradegold