Trade Options for 25.9.2024Tomorrow there are three reasonable trade options derived from support & resistance areas. For details see text boxes in the chart. I preferable look for option 1 and 4.
Notes:
green and red boxes dervied from last movement volume areas, Pivot levels and Fib levels.
yellow boxes are derived from higher TF MAs.
Pivot Points
NQ! - Looks to be making corrections today. (smc)20,125, I'm thinking price might hit that around 10 am NY Time. And get rejected there becaus it's both a fair value gap and a Bearish Breaker.
First take profit spot is 19955, thats just below Fridays afternon spike down. That should be the end of the day, maybe. But looks like it's setting up for a deep cut.
Usually the 10 am hour it has only one direction, it dropped at the start of the hour but it's pushing it's way back up. I just can't ee a rejection until it hits 20125, But I could be off and it could short early.
I'm holding a buy until I think it hits that number or if I can clearly see that it's not cooperating, I'll jump ship nd just sell but I'll post updates.
Safe Trading!
SMC = Smart Money Concepts, no such thing asa trend line or a Bat, it's all about liquidity. I have a few tutorials in my ideas
PLTR to 40ish then correctionPLTR is on fire lately and clearly overvalued even for PLTR long-term bulls. I believe we hit the psychological level of 40$ and then we see another correction like the previous. I marked the last 3 major corrections and the average correction is just about 29%. A 25% correction would perfectly correct the the prior fib and by then around the 50 week EMA. Since PLTR is a cult stock I can see the dip being bought up aggressively so I will utilize the demand zone I drew for a broader range.
The Play:
As we approach 40$, layer in long puts with a spread 2 month out + 6 month out
I will choose strikes with high open interest
Bitcoin - Where will Bitcoin go after the interest rate cut?Bitcoin is above the EMA50 and EMA200 in the 4H timeframe and is trading above the $60,000 level
Risk On sentiment in the US stock market or investing in Bitcoin ETFs has led to its continued upward movement, and you can look for Bitcoin buying opportunities by maintaining the drawn upward trend line and not breaking it
Capital withdrawals from Bitcoin ETFs or risk Off Sentiment in the US stock market will pave the way for Bitcoin to decline. Selling will be justified after a valid break of the specified support area
gold fibonacci levels gold continues to up trend added a fibonacci uptrend channel levels are holding added the 2620.74 looking for it to hit the 2636.47 which is the 4.23 fibonacci level we could see a retracement once we get in 2.618 fibonacci channel looking to hold 2591 take profits level from previous idea if so we continue to uptrend look to take profits at levels or move to break even a levels
Broadridge Financial Solutions, Inc. | Chart & Forecast SummaryKey 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 | Buy
Automatic Data Processing, Inc. (ADP) | Chart & Forecast SummaryKey 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 | Buy
Alexandria Real Estate Equities | Chart & Forecast SummaryKey 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 | Buy
XRP: buy📊 Analysis by AhmadArz:
🔍 Entry:
1️⃣ 0.5676 (Main Entry)
2️⃣ 0.5455 (Support)
3️⃣ 0.5232 (Support)
🛑 Stop Loss:
🔴 0.5545
🎯 Take Profit:
1️⃣ 0.5797
2️⃣ 0.5919
3️⃣ 0.6076
🔗 "Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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This chart represents the XRP/USDT (Ripple to Tether) pair and highlights two "Good Entry" points 📉 within support zones 🟥 and 🟦. Additionally, the main entry point is noted at 0.5676 📊. Here’s a general analysis with emoji annotations:
1. Entry Points:
The main entry is 0.5676 🟢.
The first support entry is at 0.5455 📉, within the blue zone 🟦.
The second support entry is at 0.5232 📉, within the red zone 🟥.
2. Price Targets:
TP1: The first target price is 0.5797 🎯.
TP2: The second target price is 0.5919 🎯.
TP3: The third target price is 0.6076 🚀.
3. Support and Resistance Zones:
0.5676 is the main entry point 🟢.
The blue support zone is between 0.5455 and 0.5260 🟦.
The red support zone is between 0.5210 and 0.5232 🛑.
4. Analysis:
If the price holds above 0.5676 🟢 and breaks through resistance 🟠, it could move towards the targets at 0.5797 and 0.6076 🚀.
Stop Loss: The stop loss is set at 0.5545 🔴 to protect against downside risks.
In case of a fallback, the price may drop back to the first support entry at 0.5455 or lower, around 0.5232 🔄.
This analysis suggests a potential upward movement 📈, with the main entry point at 0.5676 and clear stop-loss protection at 0.5545.
BEARISH PLOTTER READER! (2HR TF)Good Day Traders
I wanted to use a higher timeframe, but the two-hour timeframe was more convenient because my bearish plotter is pointing out only the two-hour timeframe from all timeframes. This lets me know BITCOIN will make its way down for a minor trend.
I've done some price range measuring. I have two custom gaps left out in the open from all three measurements. This can only work with my bearish plotter.
Two red long rectangles are the left opened gaps which price can potentially hit those targets.
The green gap is genuine.
I drew a parallel trend line starting point from the top of the wick to the last bottom candle wick. I've measured the longest trendline and cloned it which is the most recent white parallel trendline.
BITCOIN is behaving as if it wants to keep pushing up. There's no way of telling. It's pushed up in the past on a daily timeframe regardless of stochastic RSI was overbought but don't count on it.
Pay attention to the most recent candlestick. The candlestick has almost filled the green gap which my custom MA has predicted an uptrend moving forward but it is just guidance.
MY ADR MA, please follow it and see the way it plays out.
Summary:
Does this mean the price can fall to those 4 prices, it's a possibility, but so far it's touched the most recent green gap.
Based on a 2-hour volume, it all makes sense. We have three levels of the highest volume.
This is only a two-hour timeframe, it's just guidance by using a strategy. I had to create my own gaps. As I created them; WALA!, look at the first red gap
let's see how it plays out, so don't panic. We're in a 3-YEAR BULL RUN.
STMX sell/short setup (1D)Considering that STMX is trading below the downward trend line and we have a bear CH on the chart, we are looking for a sell/short position in the premium ranges of the previous wave.
The targets are marked on the chart.
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You