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Pivot Points

Oxy did pivotThankfully I do not wait until everything comes perfectly into play. I did not see much else appealing stock wise for undervalued sectors so I started to buy into my OXY plan ahead of the hopeful touch of the fib. This has played out nicely, I did end up going with December 55/60 strike spreads and my 60s are already up 60%. Oxy has a long way to run to even touch the 200 EMA on the weekly. You will also note that the weekly stochastic RSI is just starting to coil upward, these war fears are pumping oil and defensive stocks. My initial target is marked, I will sell my 55$ strikes there. Depending on IV I might sell my 60s there as well as theyd be up almost 400%. If we get a pullback I am looking for a larger safer LEAP position for next year.
NYSE:OXYLong
by Apollo_21mil
$PRCL AnalysisPRCL is currently in a downtrend. There was a test of the trend reversal point at $0.29, but the overall market sentiment remains bearish. Selling is the priority under the current conditions. 🔽 Short Position Strategy The main strategy is to focus on short positions, aligning with the prevailing downtrend. Entry Points for Short Positions: Upper Weekly Fair Value Gap (FVG) at $0.30 - $0.35. ⚠️ Counter-Trend Trading (Risky) Possible Long Positions from Weekly FVG at $0.20 - $0.16. Be prepared for potential volatility and use appropriate stop-loss orders. 📌 Key Levels to Watch Resistance Levels: $0.29 - The recent test of this level did not break the downtrend. $0.30 - $0.35 (Upper 1W FVG) Support Levels: $0.20 - $0.16 (Weekly FVG) 📝 Trading Outlook Define clear entry and exit points, and use stop-loss orders to limit potential losses. Keep an eye on how PRCL reacts around the key FVG zones. Look for confirmation signals before entering any position. 📌 Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves significant risk. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.
by Goldfinch_song
Seeking to fade into AUD/JPYA prominent bearish outside / engulfing day formed on Friday. Moreover, it failed to hold above the 200-day MA and closed the day back below the 100 handle. And its high almost perfectly respected the high-volume node (HVN) from the July high to August low. A bullish trend has developed on the 1-hour chart after the initial selloff found support around a 38.2% Fibonacci level. However, we're now seeking signs of weakness around the daily R1 pivot, or 10 handle resistance zone for a swing trade lower (given the strength of the bearish engulfing candle on Friday). The daily S1 and S2 pivot point around 99 and 98.50 respectively are downside targets for bears to consider. MS.
Short
by CityIndex
2
$ZK UpdateThe scenario remains valid. ZK is still in a downtrend, and we're looking for potential entry points for short positions. 🔽 Short Position Strategy Entry Opportunities: Look for entries into short positions at newly formed daily FVGs. Consider entering short positions if there's a short squeeze pushing the price into the $0.15 - $0.20 zone. This is contingent upon the formation of movement deceleration with appropriate setups. 🔼 Long Scenarios Impulsive Breakout Above $0.20: This should be accompanied by the formation of weekly FVGs, indicating strong bullish momentum. Counter-Trend Long Option at $0.12 - $0.11: There's an option for a counter-trend long position from the FVG in the $0.12 - $0.11 zone. Acceptable but Against the Trend... Look for signs of price stabilization or reversal patterns within this zone before entering. Implement strict risk management, such as tighter stop-loss orders. 📌 Key Levels to Watch $0.15 - $0.20 Zone - Potential area for short entries during a short squeeze. $0.20 - Critical level for a potential trend reversal to the upside. $0.12 - $0.11 Zone - Potential area for counter-trend long positions from the FVG. 📝 Trading Outlook The asset remains in a downtrend; thus, strategies should primarily align with the prevailing market direction. Utilize newly formed daily FVGs as entry points. Ensure that movement deceleration and suitable setups are present before entering positions. Only consider long positions if there's a strong impulsive move above $0.20 with the formation of weekly FVGs. While risky, a counter-trend long position from the $0.12 - $0.11 FVG zone is acceptable. Be prepared for potential volatility. Use tight stop-loss orders and define clear profit targets. 🔍 Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency trading involves significant risk. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.
by Goldfinch_song
Wordmhole trading planWe have broken through the resistance at $0.26, but the asset remains in a downtrend . Potential Reversal Scenario Break and Hold Above $0.3548: A close above $0.3548 on at least the 1-day (1D) timeframe, preferably on the 1-week (1W) timeframe, could indicate a potential trend reversal. Impulsive Move to FVG Zone $0.45 - $0.61: An even stronger reversal signal would be a rapid, impulsive move into the Fair Value Gap (FVG) between $0.45 and $0.61. From this zone, we can look for corrections into newly formed areas, providing potential long opportunities. Key Levels to Watch Support Levels: $0.26 – Previously a resistance, now acting as support. Resistance Levels: $0.3548 – Critical level for potential reversal. $0.45 - $0.61 – FVG zone indicating significant bullish momentum. Trading Outlook Continuing the Downtrend: Trade with the current trend by considering short positions, keeping a stop-loss above $0.3548. Watching for Reversal Signs: Monitor for a break and sustained trading above $0.3548 on higher timeframes. Be alert for a quick, impulsive surge into the $0.45 - $0.61 FVG zone for potential long opportunities. 🔍 Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency trading involves significant risk. Always conduct your own research before making any investment decisions.
by Goldfinch_song
BTC UPDATEThe scenario from the previous update remains intact. The $65,000 range was identified as a selling zone, with downside targets down to $42,000. Look for short setups on the daily timeframe from newly formed fair value gaps (FVG). A short squeeze is possible, with support found around $58,000 before a break above $65,000. Targets from $68,000 to $73,777 will open up, potentially leading to new all-time highs. If the price moves into the discount zone below $58,000, the probability of continued downside increases. Entry points for shorts can also be considered around the $52,550 level on a reaction. Long positions should not be considered in this scenario. Safe buying should only be considered below $42,000. Any early entries should be based on setups forming on lower timeframes. Focus on risk management: Avoid looking at timeframes lower than 4 hours.
by Goldfinch_song
Advanced Micro Devices, Inc. | Chart & Forecast SummaryAdvanced Micro Devices, Inc. | Chart & Forecast Summary Key Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session # Trend | Time Frame Conductive | Weekly Time Frame - General Trend - Measurement on Session * Support & Resistance * Trade Area | Focus & Motion Ahead # Position & Risk Reward | Daily Time Frame - Measurement on Session * Retracement | 0.5 & 0.618 * Extension | 0.786 & 1 Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Neutral
CAPITALCOM:AMD
by P-Ment4U
GBPJPY Trendline Breakout , All eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
GBPUSD is in the Selling Direction after breaking suPportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
2
Gold is in the bullish direction after correcting the supportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
NOCHILL v2 or The Chill is over [MEMECOIN on AVAX]God it's been a while since I've posted here for the last time. Real life is real. Inner work needs some time (the whole lifespan to be fair). But you're here probably not to read some stories and the life lessons (If you are - tell me though), so! Bought several Memecoins on AVAX on 1st Jan and forgot. Forgot so much that missed my 100x. Well, anyways. It's on the breakout now after falling down and i think we might go at least to TP1 and all the way to 0,5 Fib (If it will go higher, I'll update). On top of that, the volume seems to break out too: Not the fin advice, just my thoughts. Ngl wanted to post this thread when it was around .0044 but still wasn't sure. Now it seems more then real that we're gonna see the next leap. Thanx! A_Vision
Long
by A_I_Vision
USD/JPY Technical Analysis SELLDaily Chart Overview: On the daily timeframe, USD/JPY has been trading within a descending wedge pattern, signaling a potential breakout. The price recently approached the key support level at 141.74 before rebounding upward. We now see price consolidating near 143.76, close to the wedge's upper boundary. Should the pair break above this resistance, the next target would be 146.49, a significant level seen in the previous price action. If the pair fails to break higher, expect a retest of the support at 141.74. This wedge pattern could be setting the stage for a directional move in the coming sessions, with the bias currently leaning toward a bullish breakout. 4-Hour Chart Overview: On the 4-hour chart, the price is reacting after testing a strong supply zone around 144.00, pulling back to 143.75. Two potential scenarios could unfold here: A continued bearish move towards the key support levels at 142.97 and 141.59. A reversal from the current level with a retest of the supply zone and a possible push to break the upper resistance near 146.48. Traders should monitor price action closely at these levels, as a break above the supply zone could lead to significant upside momentum. Conversely, failure to hold the current support could trigger a larger pullback. 1-Hour Chart Overview: On the 1-hour chart, USD/JPY formed an ascending channel which recently broke to the downside. The price is currently hovering around 143.80 after rejecting the 144.08 resistance level. The recent bearish price action hints at further downside potential, with a target towards 142.78, where demand could step in. This aligns with the lower target area identified on higher timeframes. If price action remains bearish, traders should be cautious of a short-term retest of the broken channel before continuing lower. However, should bulls manage to reclaim the 144.08 level, it would invalidate the bearish outlook, and focus would shift to the previous highs. Conclusion: USD/JPY is at a critical juncture, with key levels to watch for in the short term. On the upside, a break above 144.08 and a successful retest of the wedge on the daily chart could see the pair targeting 146.48. On the downside, failure to hold current support could push the pair towards 142.78 and 141.74. Keep an eye on price action around these critical levels for potential trading opportunities.
Short
by FourtradesTV
GBPUSD is in the Selling DirectionHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
NZD/USD Top-Down Market Analysisvisit fourtrades.com for more Daily Timeframe: In the daily chart, NZD/USD is trading within a key resistance zone around 0.6340 to 0.6380. This zone has been tested multiple times, and the price is showing signs of potential rejection, with bearish pressure building up. Traders should watch for a decisive breakout above the resistance to confirm bullish momentum, while a rejection could lead to a downward move towards the support levels around 0.6295 and 0.6252. Key Levels: Resistance: 0.6380 Support: 0.6295, 0.6252 4-Hour Timeframe: In the 4-hour chart, we can see the price has broken below a rising channel, indicating a potential shift in momentum. The pair is now retesting a supply zone between 0.6340 and 0.6360. This level could act as a resistance, and if the price fails to break above this zone, we may see a continued downward move towards the next demand zone around 0.6290. Additionally, the footprint marked around 0.6320 shows an important reaction level. If this area holds, it could signal a continuation of the bearish trend. Key Observations: Bearish Channel Breakout Retest of Supply Zone (0.6340 – 0.6360) Potential targets: 0.6290, and possibly 0.6257 1-Hour Timeframe: The 1-hour chart shows the pair breaking below a bear flag pattern, a continuation signal of the previous bearish momentum. The price is hovering near the 0.6330 level, and there are two potential scenarios from here: Bullish Scenario: If the price pushes back above 0.6340, we may see a short-term move towards 0.6360 or higher. Bearish Scenario: If the price breaks below 0.6330 and holds, expect the market to test 0.6300 and then 0.6250. Traders should keep an eye on these levels, as they represent critical points for potential trade setups in both directions. Conclusion: NZD/USD is at a key inflection point. On the higher timeframes, the pair is testing important resistance levels, while on the lower timeframes, the breakdown of the rising channel suggests further downside potential. Traders should be cautious and wait for clear confirmations—either a break above resistance for long positions or a continued rejection for short trades. Keep an eye on the 0.6340 and 0.6290 levels for the next possible move.
Short
by FourtradesTV