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WALMART on top of 10-year Channel. Correction or break-out?Walmart (WMT) has been trading within a 10-year Channel Up pattern since the January 12 2015 High. The price has finally reached the top (Higher Highs trend-line) of this decade-long bullish pattern and that is easily identifiable by the 1W RSI sequence. The rally that started on the May 16 2022 bottom is very similar to the one that started on the October 26 2015 bottom. The two fractals initially started rebounding and on the first 0.5 Fibonacci test, they held it and entered a more aggressive rally, supported by the 1W MA50 (blue trend-line). The past one peaked just above the 2.5 Fibonacci extension (January 29 2018). The current week has put us above the 2.5 Fib ext and right at the top of the Channel Up. If it replicates the Jan - May 2018 correction, it could test $66.50. If it closes above the Channel Up though, a new bullish pattern will emerge and we will re-evaluate with the price action we get at that time. However it is easily understandable that having an SL at the top is worth taking the short's risk as the potential reward is much greater than the risk. And if it fails the loss is minimal and we can still follow the bullish trend with a break-out buy. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:WMTShort
by TradingShot
CRYPTO OWNERSHIP LEGAL IN CHINA = $NEO BULLISHA judge in a Singaporean court has ruled cryptocurrency ownership is now legal in China. What does this mean? NEO is China's top cryptocurrency, also referred to as "Chinese Ethereum" with large stimulus recently been given to Chinese, and the fact the Crypto is now legal is China, we are about to see NEO wake up. I'm predicting an early classic cup and handle set up will come, and who knows where NEO will rise to.. $100? $250? $500? Who knows, but with China now legalizing crypto NASDAQ:NEO is about to go up to a whole different level, and I'm prepared... Are you?
Long
by REFLOWABLE
1
Gold --> Bear Market Heating Up? Resistance AheadOANDA:XAUUSD rising after a false breakout of 2547. Fundamentally, the situation is quite complicated as well as technically... The metal price is positively affected by the escalating Russia-Ukraine war, making gold more attractive to investors as a safe-haven asset. In addition, the appeal of gold is reinforced by geopolitical tensions, economic risks and a low interest rate environment. Fed officials are expected to speak this week, thereby providing more details on the US interest rate cut roadmap. Currently, according to traders' predictions, there is a 62% chance that the Fed will cut interest rates by 25 basis points in December... Theoretically, it is still unclear whether gold can maintain its bullish momentum as prices are approaching strong resistance and traders are cautious as they wait for new signals on the Fed's interest rate outlook. Technically, gold is in the range of 2643 - 2626. Since the opening of the session, the price has increased quite strongly, which increases the possibility of resistance to stop this increase. The situation is complicated by the mixed fundamental backdrop. A false break of 2647 and consolidation below this area will strengthen the selling pressure. But there is a possibility of a retest of 2686 (order block area) before the decline continues. The expected decline will reach the levels of 2547 - 2471 respectively. Rate, share your opinion and questions, let's discuss what's going on with.
OANDA:XAUUSDShort
by Bentradegold
5
BTBT LongWeekly, Wedge breakout + retest Long 4.0 Stop 3.0 Target 7.5, 12 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account. For non-Pro option traders, better begin from buying ITM options and keep 90+ days, Selling OTM and less than 60 days. I will try some samples to test my chart reading and OP strategy: "Buy in the money (ITM) calls in daily/weekly uptrend, and keep 400 days. " Related trades: CAN price 1.6 11/19/2024 Buy Jan2026 C1 Limit 1.0; C1 has 0.6 (ITM). OPK price 1.6 11/20/2024 Buy Jan2026 C1 Limit 0.65x2; C1 has 0.6 (ITM). POET price 3.9 11/20/2024 Buy Jan2026 C3 Limit 1.05; C3 has 0.9 (ITM). ACHR price 5.06 11/20/2024 Buy Jan2026 C3.5/10 Limit 1.6; C3.5 has 1.56 (ITM). RGTI price 1.35 11/20/2024 Buy Jan2026 C1/4 Limit 0.5x2; C1 has 0.35 (ITM).
NASDAQ:BTBTLong
by PlanTradePlanMM
Luncusdt buy opportunityLUNCUSDT is demonstrating the potential formation of an Adam & Eve pattern, a classic bullish reversal setup. The neckline area, acting as a key resistance zone, is expected to impose significant selling pressure. A decisive breakout above this level would signal the initiation of a strong bullish rally, with projected targets precisely marked on the chart. The identified buy-back zone presents an excellent entry point for accumulation during potential pullbacks. Share your insights and perspectives on this coin's outlook.
Long
by weslad
1
Microsoft - Short Term Top Formation!Microsoft ( NASDAQ:MSFT ) could create a short term correction: Click chart above to see the detailed analysis👆🏻 Almost for the entire year of 2024, Microsoft has been moving sideways and respecting the upper channel resistance trendline. It is quite likely that we will see a correction, considering that buyers are still weak, before we then see the overall trend continuation. Levels to watch: $350 Keep your long term vision, Philip (BasicTrading)
NASDAQ:MSFTShort
by basictradingtv
4
Economic Divergence Pressures EUR/CHFThe euro faces headwinds due to sluggish economic growth and rising joblessness across the Eurozone, while Switzerland's stable conditions position the franc as a strong safe-haven currency. This disparity supports ongoing downward pressure on EUR/CHF, with the Swiss franc gaining strength in light of broader market uncertainties. Technical Weakness in EUR/CHF The sustained downtrend in EUR/CHF has seen prices recently break below 0.93043, moving closer to the next support at 0.92877. Indicators such as the RSI and MACD point to persistent seller dominance, reinforced by both short- and long-term moving averages in decline. Any potential bullish reversal would require breaking above resistance levels starting at 0.93276. Key Levels and Future Outlook Immediate support stands at 0.92877, with further targets at 0.92666 and 0.92433 if bearish momentum holds. Resistance to watch includes 0.93276. Upcoming European PMI data will be pivotal, potentially driving the Swiss franc higher if Eurozone pressures intensify. Sellers maintain control unless key resistance barriers are overcome.
Short
by Errante
1
Bravely hold a short position,TP:2690-2685Bros, today is another fruitful day. Today, we shorted gold with 2695 as resistance as scheduled. After gold broke through the first resistance area of ​​2595, we shorted gold with 2711 as resistance at around 2710 in equal proportion as scheduled. Gold is now back below 2700 and our short position is starting to make profits again! Bros, there is no need to rush to close short positions, gold may continue to fall to 2690-2685, and once gold falls below this area, gold may even continue to fall to around 2675. Boldly hold short positions and look forward to better profits! Bros, if you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin