Boeing is still flying. BAPretty strong evidence for continuation of upward price action o this one. We are certainly waiting on a RSX momentum divergence to form here, hopefully in the upwards of 1.0 Fibonacci extension of the immediately previous move. Markets are very fluid, and as such percentage probabilities vary with time passing. What looks right today, may not look so tomorrow.
Oscillators
Betting on Cool Down at Thermo Fischer. TMOIt's not a perfect butterfly, but I am willing to take a shot given the wealth of evidence in the background from our algorithmic indicators. MIDAS cross line plus resistant vWAP and US, which also crossed 4-5 candles ago, plus cross on VZO and heralding cross on Stoch/RSI. BB %PCT is about to flip also. Highly, highly suggestive picture.
What is Up with Bank of America? BACBetting on an extended B wave here. The indicators are reflective of the recent upward price action and in agreement wit the idea of more upward momentum and volatility. Usually extended B Waves, when confirmed go to 1.2 Fib extension, never surpassing the 1.618 figure. This classic teaching sure proved to be accurate in our practice. Good luck!
Bearish on Salesforce. CRMA very nice confluence here as well. The most glaring is the green MIDAS line cross on the background of downgoing vWAP, US lines, which are above the candlesticks. Looking below, the picture adds more confidence in crossing of the midline for both VZO and Ehlers Stoch/RSI indicators. Price action alone is very bearish. Good luck out there.
Up,Up and Away for NVidia. NVDAThere is a constellation of indicator crosses that add meaning to go long on this one, at least in the short run. There is a confluent cross of VZO plus offset and Ehler's Stochastic RSI. Also BB %PCT is looking to cross soon. Adding to the above, both the vWAP and US are supporting upward momentum on price, exiting OBOS area on momentum indicator, but most importantly there is a cross off the green MIDAS line. In our experience any cross of a volume/volatility line is highly, highly significant, presumable because volumes are in essence predictive. More broadly, there is a completed deep butterfly harmonic and now what appear as A wave to be also completed.
RUNE/USDT – Oh man... maybe up :)?The RUNE/USDT pair has seen a significant drop recently. That was sad.
Despite the decline, the MACD indicator is showing a bullish divergence, which could signal a reversal.
Main support and breakout zone to further decline is at 0.94 and possible take-profit zone around 1.95. I am hoping to reach 1.95 in this, maybe next week. What will happen next? Bitcoin will tell us.
Things look promising because of low activity in price action recently... something is about to happen.
Long Trade: Kaspa vs Ethereum Daily ChartFG-Histogram turned green and into the positive zone, as well as Bullish Divergence established on the daily.
Previously, a bearish divergence with the FG-Histogram subsequently turning orange marked the start of the dump in September 2024.
Have been slowly DCAing more into KAS from ETH within the golden pocket again, while setting stop limit below the 65% retrace level.
JPM - Biggest bank in the US with good upside potential?Hi guys, we are taking a look into the Biggest US Bank. Recently their catch on and join forces into participating with AI gives a positive up-beat for their business additionally,
JPMorgan Chase continues to solidify its position as a global leader in financial services, showcasing exceptional financial health and a promising outlook. With a well-diversified portfolio and a consistent track record of strong performance, the company is a beacon of stability and growth in the industry.
The leadership at JPMorgan Chase has demonstrated an unwavering commitment to innovation and strategic planning. Their investments in cutting-edge technologies, such as AI-driven solutions and digital banking platforms, position the company to thrive in an increasingly digital economy. Moreover, their proactive approach to sustainable financing and environmental initiatives highlights a commitment to a forward-thinking and socially responsible future.
What stands out most about JPMorgan Chase is its ability to adapt to evolving market dynamics while maintaining robust profitability and delivering value to shareholders. This resilience, combined with their global reach and customer-focused services, ensures they remain at the forefront of the financial industry.
For investors, clients, and partners, JPMorgan Chase represents a secure and dynamic choice, offering both stability and exciting opportunities for growth. The future is undoubtedly bright for this financial powerhouse.
My entry; 238
With a positive target: 285
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
COSTCO - Time to break above and beyond the All time HighHi guys , today we are going to overview one of the retail giants COSTCO.
Fundamentals :
Revenue Growth and Profitability :
Consistent Revenue Growth: Costco has demonstrated steady revenue growth, driven by an expanding membership base, increased same-store sales, and international expansion.
Profit Margins: While Costco operates with low gross margins due to its focus on low pricing, its operating margins benefit significantly from recurring membership income. This structure ensures financial stability even in competitive environments.
Financial Health:
Balance Sheet Strength: Costco has a strong balance sheet with manageable debt levels and ample liquidity. Its ability to generate robust free cash flow supports both operations and shareholder returns.
Dividend Growth: Costco pays a reliable dividend, which has seen consistent growth over the years. Additionally, the company occasionally issues special dividends, highlighting its commitment to returning value to shareholders
Valuation Metrics:
Price-to-Earnings (P/E) Ratio: Costco often trades at a premium valuation compared to peers due to its consistent performance and strong brand equity.
Price-to-Sales (P/S) Ratio: Reflecting its robust revenue generation capabilities, Costco’s P/S ratio is higher than the retail industry average but supported by predictable growth.
And some potential risks : Thin Margins: Costco’s low-margin strategy leaves little room for error, and rising costs (e.g., labor, logistics) could pressure profitability.
Economic Sensitivity: While generally resilient, Costco could face challenges if economic conditions significantly impact discretionary spending or if competition intensifies.
Foreign Exchange Risk: With international operations, Costco is exposed to currency fluctuations that could affect earnings.
Technical analysis : The company has been running on a very healthy uptrend throughought 2024 and has had 4 green earning seasons which gives a positive bullish trend conversion,with analysists focusing on another green earnings in their Q4 report this gives us the necessary confirmations for a up-trend:
Entry has been made at : 921
Target will be above the ATH : 1030
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
AUD/USD: Battle at .6262 – Bounce or Breakdown Ahead?AUD/USD is testing minor support at .6262 following a failure to break the 50DMA. Whether it holds this level may determine which direction it takes later in the session.
If the price can’t break .6262 convincingly, longs could be established above with a stop beneath for protection. The aim would be to see a retest of the 50DMA with a break of that level opening the door for a run towards .6337.
However, a clean break of .6262 could see the setup flipped, with shorts placed below the level with a stop above for protection. .6170 screens as one possible target with .6088 the next after that.
Momentum indicators are providing mixed signals with RSI (14) trending lower while MACD has resumed its climb higher. Based on price action earlier in the week, a bullish bias is marginally favoured overall.
Good luck!
DS
Comcast Wave Analysis – 5 February 2025
- Comcast reversed from key support level 32.50
- Likely to rise to resistance level 35.00
Comcast recently reversed up from key support level 32.50, which stopped the previous sharp downward impulse wave at the end of December.
The support level 32.50was further strengthened by the lower daily Bollinger Band and by the support trendline of the daily down channel from November.
Given the oversold daily RSI indicator, Comcast can be expected to rise to the next resistance level 35.00.
SOXL Has Room to Run?This one has a double bottom look, with a higher low, and another 4% remaining to hit take profit enroute to retesting the neckline before breaking out (another 8% from here) or balance and fail! Stop loss of 5% is pretty steep, so typically I either lower my position size or stop loss. Even at 4% stop loss, according to backtest results this wins more than it loses and has done pretty decent in the past, as I have been forward testing this model for over the past 18 months and profiting from over 100 different equities that I signal on.
The King Trading Momentum Strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes! SOXL and over 100 equities are built into this script with optimal backtest take profits and stop losses and can be toggled on by simply checking a box (default they are turned off). Check out my script, as I am always looking for people to help test and I am always interested in feedback...
EUR/AUD: Testing Uptrend Support After December High RejectionEUR/AUD has pulled back after failing to clear the December highs, bringing it within touching distance of uptrend support. With the 50-day moving average just below, it provides a bullish setup.
Longs could be initiated above the uptrend with a stop below the 50DMA for protection. It would be preferable to see the price test and hold the uptrend before initiating the trade. 1.6800 screens as a potential target.
Good luck.
DS
EURCAD Aggressive Trade with Potential for Huge GainsI'll keep this short and to the point -
Technical Outlook:
Price recently hit a ceiling which has historically served as resistance (1.51750) , however we have been in an uptrend since late 2022. In Nov 2024 we saw bulls rally at strong levels of demand and continued to drive price upwards, creating a demand feed which price reacted off more recently (as shown on the chart).
Once price reached the ceiling level, it took a nose dive UNTIL we saw it decelerate at the latest demand feed, which could potentially have a trove of resting orders ready to be filled.
Trading Considerations:
I will be keeping an eye on the 15m chart during London and NY sessions for bullish momentum to take hold. As it stands right now, a break above 1.49050 would be early signs to get involved. This can always change as new structure is formed on the LTF's but we are deep in discount territory. Watch for liquidity build up and volume to understand which LTF demand levels could hold during high volume sessions.
Final Notes:
As added confluence, this pair is currently oversold on the RSI.
While navigating the LTF's make sure to adapt to changing conditions.
Again, this is another trade which could potentially turn into a swing position (provided demand holds, we could see an upward move that finally breaks the ceiling).
While the Euro continues to weaken against the USD, the Loonie should be able hold its own during this ongoing trade war (based on the fact that they've not just rolled over and do have some fight in them).
We get to witness these scary times unfold - and it makes trading that much more exciting!
Happy hunting predators!
Apex out!
OANDA:EURCAD FX:EURUSD OANDA:USDCAD
GBP/NZD - Reaching a weak resistance area , time for corectionHi guys , we are looking into GBP/NZD - it has had a very good uptrend the past few weeks, and it reached a very weak resistance area, which is giving us the indication that a correction is due.
Currently on 1H and 4H we reached high over-bought area with close to 0 support to remain at this price.
Entry: 2.19630
Target 1: 2.19100
Target 2: 2.18400
SL : 2.20200
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
AMBUSDT: Will a Bullish Reversal Happen?Yello, Paradisers! Are you ready for the next potential move on AMBUSDT?
💎AMBUSDT is looking strong after a healthy retracement and has now entered the oversold zone—an exciting development for traders.
💎Currently, the price is approaching a critical support zone and showing signs of bullish divergence, which increases the likelihood of an upside move. However, confirmation is key before jumping in. Here's what we’re watching:
💎Scenario 1: For confirmation of a bullish move, we need to see a bullish I-CHoCH (Internal Change of Character) on the lower timeframe once the price reaches the strong support zone.
💎Scenario 2: Alternatively, a breakout and candle close above the resistance trendline with proper volume will also confirm bullish momentum.
💎However, If the price breaks down and closes candle below the strong support zone, the entire bullish outlook will be invalidated. In that case, patience will be key—we’ll wait for a clearer price action setup to form before making any moves.
🎖Remember, Paradisers, trading isn’t about rushing in—it’s about disciplined, calculated decisions. Waiting for the right confirmation can save you from unnecessary losses and keep you on track for long-term success. Stay focused, stick to the plan, and trade smart!
MyCryptoParadise
iFeel the success🌴
NZDJPY BULLISH POTENTIAL Harmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
Why I Think USDJPY Will Buy This Week...Technical AnalysisHey Rich Friends,
This is a technical analysis of USDJPY. I encourage you to check the news and cross-reference your own charts and indicators before taking any trades.
I think USDJPY will be buying this week, and here is what I am looking at:
- The candles have started to cross and close above the 200 EMA. When candles are above an EMA, it tends to act as an area of support and confirm a buying trend. You can and should backtest this.
- The STOCH is facing up, the fast line (blue) is above the slow line (orange) and both lines have crossed above 80%. This is a strong bullish confirmation for me.
- I have a few potential TPs and buy stops set at previous highs in case the market does continue to push up, my SL will be a previous low.
If this makes sense or you agree, let me know down below in the comments.
Peace and Profits,
Cha
Why I Think Gold Will Sell Before it BuysHey Rich Friends,
Happy New Year! This year, I will be posting more Gold Analysis videos that will be just like my Forex ones. If it is helpful, and you learn something, you can follow me here :)
After reaching an all-time high last week, I think Gold will be retesting lower levels before it continues to buy. Here is what I am looking at:
- The market hit a swing high at 2817.09 before it started to sell and create lower highs at 2806 and 2791.
- Structure was broken on the downside at 2785 triggering my first sell stop.
- The STOCH is facing down, the slow line (orange) is above the fast line (blue), and both lines have crossed below 80% and 50% making this a strong bearish confirmation for me.
- I believe that the next levels to be hit will be 2775, 2770, 2760 and potentially as low at 2746 if it closes below the 200 EMA.
Now overall, Gold is on the up and up but that doesn't mean that we cannot make money on shorts. I encourage you to check the news, cross reference your own charts and indicators and make the best decision for your account!
Peace and Profits,
Cha
Rising Wedge Break Puts January Lows on RadarHang Seng futures have broken out of the rising wedge formed since early January, leaving them vulnerable to downside.
Bulls stepped in ahead of the 50DMA earlier today, paring losses, but price action into the close could be key in determining near-term direction.
Momentum signals are mixed—RSI (14) has broken its uptrend, but MACD has yet to confirm.
A slide into the close could open the door for shorts targeting a retest of the January swing low, with the 50DMA and minor support at 19,430 found in between. A stop above Monday’s high would provide protection.
Good luck!
DS
UJ Prepping Falling Wedge Breakout To Start 2025?FX:USDJPY starts 2025 in what appears to be a Falling Wedge, but following the 50% Fibonacci Retracement based from the Low @ 148.639 to start December 2024 to the High @ 158.874 last month, Price seems to may be ready to setup for a Bullish Break of this Pattern.
To see if FX:USDJPY has truly Broken Out of the Falling Wedge, here are some signals:
1) While price travels lower in the Falling Wedge, we can see Volume picks up the lower price goes
2) The Breaking Candle following the 2nd 50% Retracement touch generates a good amount of Bullish Volume compared to the similarly sized printed Bullish Candle following the 1st 50% Retracement touch (both candles marked in yellow to compare)
3) Following this Break, we see RSI Break above the 50 mark moving into Bullish territory.
** Buy Opportunities will come if Price successfully retest the Break of the Falling Resistance and finds Support.
-- Beware of a False Break if Price decides to fall back down Below the Falling Resistance too soon before a legitimate test.
USD/JPY Breaks Out Putting 2025 Highs In PlayUSD/JPY has broken out of its falling wedge, as convention would suggest. After a prolonged coil, the move could be sharp with swing highs at 156.76 and 158.88 now in focus.
Bulls could buy the breakout, placing stops below either the 50-day moving average or the January 27 low, depending on risk tolerance.
Momentum signals are mixed—RSI (14) has broken its downtrend, but MACD has yet to confirm.
With trade war risks weighing on sentiment, USD/JPY’s upside may hinge on strong US dollar momentum and rising Treasury yields—key drivers in recent weeks. Risk management remains critical in this volatile environment.
Good luck!
DS