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Adobe Target $539 - After Consolidation🐂 Trade Idea: Long - ADBE 🔥 Account Risk: 2.50% 📈 Recommended Product: Stock 🔍 Entry: +/- 446.00 🐿 DCA: Yes, down to 400.00 😫 Stop-Loss: 357.00 🎯 Take-Profit #1: 539.00 (50%) 🎯 Take Profit #2: - 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — Adobe participated in the AI boom and made more than 50% from its May low at around 325.00. Huge selling pressure came in around 520.00 showing stronger resistance in that area. We’ll need to see some more consolidation before considering stepping in. First buy zone would be around 446.00 from where one can DCA-in into the stock down to 400.00. We might not see the stock reaching the second buy zone, so consider start buying in multiple tranches starting in buy zone 1. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NASDAQ:ADBELong
by LGNDRY-Capital
1
GBPAUD Sell & Buy Setup On H4GBPAUD is currently trading at 1.8863. If it is rejected from the resistance area, which is at 1.8902, it will then move down to the support level at 1.8744. However, if it successfully breaks above the resistance area, you can consider buying on its retest, aiming for the next resistance at 1.9165 for GBPAUD. Disclaimer: The information provided is for general informational purposes only and should not be considered as professional advice. Use at your own risk.
by ShaaniReal
SPX on Weekly Resistance Trendline: Is It Correction Time?The S&P 500 index ( SP:SPX ) currently faces a pivotal juncture as it encounters a resistance trendline near the $4400 level. This price region assumes significant importance and necessitates close monitoring to assess potential market dynamics. Should SPX successfully breach and sustain a close above the $4400 resistance this week, it could portend the initiation of a bullish phase, with a notable target at the subsequent resistance level of $4550. This scenario suggests the possibility of further upward momentum for the index. Conversely, a failure to overcome the resistance barrier at $4400 may indicate the likelihood of a corrective phase or the continuation of the prevailing range-bound trading conditions. In such circumstances, it is prudent to exercise caution and consider the potential downside risks. It is worth noting that SPX recently exited the bear market territory, achieving the significant milestone of a close above $4190. This level represents a noteworthy 20% increment from the index's lowest point in October 2022. This development signals a discernible shift in market sentiment and serves as a reference point to assess the underlying strength of SPX. To make well-informed trading decisions, it is imperative to closely monitor the price action of SPX, particularly its ability to surmount the resistance trendline at $4400. Analyzing the index's response at this critical level will offer valuable insights into its near-term direction and potential opportunities. What do you think will happen next? Leave your comments below. Disclaimer: This trading idea is for informational purposes only and not financial advice. Conduct independent analysis and exercise due diligence before making trading decisions. Trading involves risk, and past performance is not indicative of future results.
SP:SPX
by arielfuggini
1
GBPUSD: Could the FOMC set up a resistance break?Today's focus: GBPUSD Pattern – HH HL continuation Possible targets – 1.2683, 1.2980 Support – 1.2305, 1.2493 Resistance – 1.2640, 1.2660 Today’s focus is on the GBPUSD after buyers made another strong move higher on Wednesday. That move continues the series of HLs and HHs this is a good thing to see in the current short-term uptrend. As discussed in today’s video, our attention is now on key resistance that has stood since May 22. Could a dovish tone from the Fed set the USD up for more downside? We did see a fightback after the CPI data and the Core remained high at 0.4%. If the Fed hold rates and hint more towards the dovish side in the statement, could that set the GBPUSD up for a new test or break of resistance, setting off a new trend continuation? For now, the GBPUSD, despite its short-term bullish move, remains consolidation bound.
Long
by Eightcap
BTC - respecting the bear market resistance!Here's a quick comparison of two periods in bitcoins history The current market period appears to unfold similarly to the one observed in 2021. If this trend continues, the market will likely experience a downward movement, potentially leading to a decline in value to 13.5k. While it's true that history doesn't necessarily have to repeat itself, it is often observed that historical patterns tend to rhyme with the present. Moreover, the price of Bitcoin was recently rejected from the bear market downtrend resistance, indicating a potential move to the previous bottom of $15.5k, which is consistent with the concept of the price following a pattern reminiscent of the 2021 summer period. It's also worth mentioning that the S&P 500 has been showing some weakness, and since BTC typically moves in lockstep with the S&P 500, it can be prudent to monitor its movement. The bear market probability index is currently at an all-time high, which suggests that the ongoing rally could be considered the biggest bull trap ever witnessed in the history of Bitcoin. While relying on a solitary model is insufficient for drawing definitive conclusions, numerous indicators suggest a downward price trend in this case. The US interest rate has reached the same level as it was during the onset of the 2008 Financial Crisis market decline. This should be taken into consideration. Despite this, on Twitter, someone claims almost every other day that BTC will reach 100k soon. However, in my opinion, this is complete nonsense. Given the current state of the financial market, it's not ready for a sustained uptrend. Lastly, the market is experiencing a notable increase in fear, likely due to multiple factors simultaneously impacting the market. Based on historical precedent, it is reasonable to anticipate significant downward market movements should prior trends repeat themselves. With regards to DXY The current market analysis indicates a significant double-bottom reversal in the DXY index, with expectations of reaching a minimum index level of 105 soon. Moreover, should resistance zone 1 be surpassed, a subsequent movement towards resistance zone 3 is expected! It is crucial to note that if the DXY index maintains its upward momentum, it may exert considerable downward pressure on both the stock and cryptocurrency markets. Consequently, it is advisable to closely monitor the movements of the DXY index, particularly for those involved in stock or cryptocurrency investments.
Short
by MBM_Crypto
15
GBPUSD Bullish 3-Drives Pattern (LONG)On the GBPUSD 4 Hour chart, there are multiple indications that there will be a bullish move soon. 1) There is a bullish 3-Drives pattern. Price should move higher to at least the 38.2% Fibonacci level. 2) There is a trendline which has acted as resistance and tested multiple times. It is likely to attract price and be tested again. 3) Stochastic (default settings) indicates an oversold condition. Price is currently 1.2356 The 38.2 minimum target is at the 1.2400 level. Which is also a good psychological level. So this can be a good in and out trade for a profit of 44 pips minimum.
Long
by EACoders
USD Can Make A Pullback As US Yields DropUSD keeps moving higher, possibly on speculation that House vote on U.S. debt ceiling today will pass today. However, stocks are down, which can have something to do with China, where the PMI index declined once again, and also faster than expected. Technically speaking, USD is in uptrend, but yields found some resistance recently so I am wondering if USD is possibly also going to have limited gains. Looking at DXY intraday chart we see nice recovery, but now in late stages of an impulse from May 04 so we are aware of a pullback, possibly will show up as we will get an outcome from the House vote, or USD can slow down later this week when we will get the US NFP data. But keep in mind that we will be tracking only a correction here on XXX/USD pairs and that more upside will be expected for the USD, once DXY makes three wave retracement.
TVC:DXY
by ew-forecast