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NAS100 DEC 23 -27 MARKET BREAKDOWNAnalysis Based on the Chart: 1. Bullish Context: The overall trend is bullish, and the market has recently pulled back to a key support zone: • The 50% Fibonacci retracement level aligns with both historical support and a daily bullish order block (OB). • Price action respecting this level suggests a potential continuation to the upside. 2. Daily Break of Structure (BOS): The BOS on the daily timeframe confirms a shift to bullish momentum, indicating that higher highs could be the next target. 3. Liquidity Sweep: The sharp pullback appears to have cleared out liquidity (stop-loss clusters from retail traders) below the recent swing low. This is a common pattern before a bullish push. 4. Confluences for Entry: • The pullback to the Fibonacci 50% level gives a high-probability entry point. • The price has respected both dynamic support (trendline) and horizontal support at the bullish OB.
FX:NAS100Long
by Saint876
2
BABA shows a signal for the turn aroundYou can notice, that current ascending trend shows a steeper inclination angle for NYSE:BABA , than the previous one. This can indicate, that a growing line will present more intensive and powerful leaps in the nearest future. I expect, that we will observe a rapid jumps direct to the level of 139 very soon. More strategic goals for the future are located near the levels of 220 and 470 (this can become a final point of the current long moving up). Not a recommendation.
NYSE:BABALong
by furoreggs
Will XRP stay in the sideways trend channels?Hello everyone, I invite you to a quick review of the XRP to USDT chart on the 12H interval. As we can see, the XRP price is moving in a sideways trend channel in which the price bounce did not effectively overcome the resistance at $ 2.27, the next resistance is at $ 2.47, but then we have visible resistance at $ 2.61, another strong resistance is at $ 2.78, and only when we have a positive exit from the channel, the price can get a strong upward impulse around the resistance at $ 3.29. In a situation where the market will have a further reaction and the price will start to fall again, we have visible support at $ 2.22, then strong support at the lower limit of the channel at $ 1.94, however, if the price leaves the channel at the bottom, it may get a drop to around $ 1.72, and further, taking into account the height of the channel, there may be a price reversal to $ 1.39. The RSI indicator has room for continued growth, but a lot depends on the behavior of BTC itself.
by cryptodailyuk
1
EUR/USD is on track for a price increase The EUR/USD pair is approaching the 1.0394-1.0382 support zone on the hourly timeframe after a decline. This area is considered a valid and important support due to the intersection of key Fibonacci levels (50% and 61.8%) and previous strong reactions. The price reaction to this support area indicates the presence of buyers and their desire to return the price to higher levels. If the price can hold this level, a move towards the resistances of 1.0513 and then 1.0618 is not far off in the short term. On the other hand, a clear break of this support range (1.0394-1.0382) could lead to increased selling pressure and a drop to lower levels. Traders should pay attention to the reaction of the candles in this range as well as volume indicators to make better decisions.
Long
by arongroups
Novo Nordisk (NVO): Beautiful Reversal Pattern is emerging Novo Nordisk price has charted a famous and beautiful reversal pattern - Head & Shoulders. We have 3 peaks with the middle one the tallest also called Head. The Right Shoulder inclines down so the magnitude of the bearish move is strong. The dotted line between valleys of the Head is called a Neckline. The bearish target for this reversal is located at the distance of Head's height subtracted from the breakdown point on the Neckline. So, the target is at $89. This area aligns very well with the bottom of last October and the peak of last May.
NYSE:NVO
by aibek
6
EURGBP in a Tug-of-War: A Looming Short Opportunity?The EURGBP market has been experiencing a period of consolidation, confined within a well-defined range between a robust support zone at 0.82300 and a notable resistance zone at 0.83300. This sideways movement reflects the market’s indecision, as traders await key signals to determine the pair’s next major directional move. Currently, the price action has demonstrated a rebound off the lower boundary of this consolidation range—the support level at 0.82300—which has proven to be a formidable floor, absorbing selling pressure and providing a base for upward momentum. Following this bounce, the pair is now gravitating toward the upper boundary of the range near 0.83300, a level that has repeatedly acted as a ceiling, thwarting bullish attempts to break higher. What makes the current setup particularly compelling is the confluence of technical factors near the resistance zone around 0.83000. Not only does this area align with the horizontal resistance level, but it is also reinforced by an upward trendline, creating a potential intersection of supply that could catalyze a bearish reversal. The presence of this dual-layered resistance amplifies the probability of a pullback from these levels, as buyers may struggle to sustain upward momentum in the face of intensified selling pressure. Given this context, I anticipate that the market is likely to react at the resistance zone by staging a pullback, potentially retesting the midpoint of the consolidation range as the pair oscillates within its established boundaries. My primary focus remains on the support zone around 0.82700 as a key target for this anticipated downward correction. This level not only sits comfortably within the middle of the broader range but also represents a logical area where buyers might reenter the market, seeking to defend the pair from further declines. In summary, the EURGBP pair appears poised for a potential shorting opportunity as it approaches the critical resistance zone near 0.83000. This setup presents a classic case of range-bound market dynamics, where understanding the interplay between support and resistance levels can provide a roadmap for navigating price fluctuations. Patience will be crucial in this scenario, as the market's reaction to the resistance zone will likely determine the next phase of price action. Whether the pair ultimately breaks out of its current range or continues to oscillate, the immediate outlook suggests a bearish retracement is on the horizon. (The market decides how much profit you make. You decide how much you lose.)
Short
by lonelyPlayer0
Gold UpdateGold has formed: 1- Valid ascending channel (in blue) with multiple touches . 2- Head & Shoulders (in yellow). 3- Resistance on the right shoulder. As long as the right shoulder resistance still stand with no broken candle, both 2 & 3 are still valid and considered as good strategies Now we’re waiting for an H8 candle to broke and close clearly under the last touch (trigger point) of the our blue channel and to retest and get rejected from below of the channel so we can enter a Short (sell) trade Follow us for more ideas and updates
OANDA:XAUUSDShort
by HazTheTrader
Xrp 4 hour bullish setupXRPUSD Entry Points, Stop Losses, and Targets 1. Entry Point: • Buy at Market: Around $2.30 - $2.35. • Alternatively, place a pending buy order at $2.25 if the price revisits the support zone. 2. Stop Loss: • Place below the support zone at $2.05 to minimize risk in case of a false breakout. 3. Take Profit Targets: • Target 1: $3.00 (First major resistance level). • Target 2: $3.50 (Local high). • Target 3: $5.00 (Psychological level and strong bullish continuation target). 4. Extended Target: • Beyond $5.00, use a trailing stop-loss strategy to ride the trend toward $10 or higher.
Long
by maswazigamede