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Intel - (Much) Lower from here!NASDAQ:INTC is about to create such a massive higher timeframe candle - a drop is immanent! Within one month, a setup played out and we are back to beginning. During the past 30 days, Intel rejected the support towards the upside with a move of +25% and immediately reversed the entire move. The monthly candle will close so bearish, I do expect a break below the current short term support, followed by a retest of the multi-year long support area. Levels to watch: $30, $26 Keep your long term vision, Philip - BasicTrading
NASDAQ:INTCShort
by basictradingtv
14
EURUSD / TRADING BELOW TURNING LEVEL - 4H XRPUSDT / 4H TIME FRAME HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level at 1.112 . Downward Condition : With the price holding steady at the current turning level at 1.112 , it is likely to decline towards the support level of 1.108 . If it stabilizes below this level, it could then reach the next target level of 1.103 . Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.112 , leading to a rise toward the resistance level (1) at 1.118 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.124 . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 1.118 . RESISTANCE LEVEL (2) : 1.124 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 1.108 . SUPPORT LEVEL (2) : 1.103 . TURNING LEVEL : 1.112 .
Short
by ArinaKarayi
USDCAD / BREAKOUT ASCENDING CHANNEL - 4H USDCAD / 4H TIME FRAME HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level at 1.360 . Downward Condition : With the price holding steady at the current turning level at 1.360 , it is likely to decline towards the support level of 1.354. If it stabilizes below this level, it could then reach the next target level of 1.350 . Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.360, leading to a rise toward the resistance level (1) at 1.369 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.376 . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 1.369 . RESISTANCE LEVEL (2) : 1.376 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 1.354 . SUPPORT LEVEL (2) : 1.350 . TURNING LEVEL : 1.360 .
Short
by ArinaKarayi
1
Brace Yourself: Is Gold's Bearish Trend to Continue Next Week!?Key Levels: Resistance Levels: $2,480: Recent high, acting as a strong resistance level. $2,449.525: Previous high, another significant resistance level. Support Levels: $2,391.612 (4HR LQZ / TP 1): First significant support level and target point. $2,348.723 (Daily LQZ / TP 2): Second support level and target point. $2,289.000 (TP 3): Third support level and long-term target. Trend Analysis: The chart shows a clear descending movement from the recent highs, indicating a bearish trend. The price has broken down from a rising wedge pattern, which is typically a bearish signal. Indicators and Patterns: Rising Wedge: The price action formed a rising wedge, and the breakdown confirms the bearish trend. Price Action: The current price movement shows lower highs and lower lows, which aligns with the bearish trend. Volume: Consider monitoring the volume for further confirmation of the trend. High volume on down moves indicates stronger bearish sentiment. Strategy: Short Positions: Traders might look for shorting opportunities at resistance levels or breakdown retests. Target Points: The support levels ($2,391.612, $2,348.723, and $2,289.000) serve as potential target points for short positions. Stop Loss: Place stop-loss orders above the recent highs to manage risk. Conclusion: The technical breakdown of XAUUSD indicates a bearish trend continuation. With the price breaking down from a rising wedge and confirming lower highs and lower lows, traders should consider short positions, targeting the support levels mentioned. Keep an eye on the volume and price action for further confirmation and manage risk with appropriate stop-loss levels.
OANDA:XAUUSDShort
by Adlercon333
Weekly trade planning sessionHi Traders, this is another episode of charts247 weekly trade planning session. We believe in trade planning because it helps us identify high-probability forex pairs that we should trade during the week. Below are the indexes based on the 4HR wave structure. DXY: Bullish Reversal (+ve) EXY: Bearish Continuation (-ve) AXY: Reversal (-ve) SXY: Bullish Pullback (+ve) JXY: Bullish Pullback (+ve) BXY: Bullish Pullback (+ve) CXY: Bearish Continuation (-ve) ZXY: Reversal (-ve) ------------------------- BUY PAIRS: USDCAD, AUDCAD, GBPCAD, SELL PAIRS: EURUSD, CADJPY, EURGBP, EURAUD
by Charts247TradingAcademy
Intel - What is going on?Hello Traders and Investors, today I will take a look at Intel Corporation. -------- Explanation of my video analysis: In April of 2022 we saw a major break towards the downside on Intel stock which was then followed by more bearish continuation of roughly -65%. Then Intel retested a multi year long structure and created a pretty decent bullish reversal and a strong (short covering rally). At the moment Intel just rejected previous structure and is now in a massively bearish market soit is best to just wait for this volatility to calm down. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:INTCLong
by basictradingtv
18
GBPAUD BEARISH IDEA-Broke previous low -(4h) demand zone is the target - Bullish falling wedge pattern is being created on higher time frame (4h)-(D), Take a close look, the target of my trade would be stopping early buyers on short term demand zones ( $$$) all the way to the main (4h) demand. And once price reaches this zone, we will be looking for a long term BUY ---> (BLUE PATH) I highly anticipate some kind of manipulation since both buyers and sellers are currently strong ! FOLLOW FOR INSTANT UPDATES since price can react differently!
Short
by NISP3R0
EURGBP: Insights into Current Market Dynamics (Top Down)Right! I will keep it simple. EURGBP on the weekly timeframe currently resides within a DEMAND zone, indicating the possibility of an upward movement in price from this region. Additionally, on the daily timeframe, price has shown rejection at a supportive level. Furthermore, the hourly chart has transitioned from a bearish to a bullish stance, while the 45-minute structure also presents a bullish outlook. In light of these indicators, it is anticipated that price action will likely find support at the marked demand area as depicted on the chart. Goodluck!
Long
by Koolermactrez
AAPL to verse to upside trending ? LONGAAPL on the 60 minute chart is compared on the superimposed indicator on its own scale the RSI for a similar time frame. The chart shows that AAPL has sunk to its price level in the pre-earnings period two weeks ago. At present, price and RSI are running in parallel and RSI is a litle higher than price while on its own scale. Price is currently near to the running SMA 200. When I see either price or relative strenth move higher. I will be a buyer. I am looking for some green on the relative volume indicator to tip me off. I will be watching on a lower time frame of 15-30 minutes to get a clean entry pay off the spread and get into profits ASAP.
NASDAQ:AAPLLong
by AwesomeAvani
Breaking Down GBPCAD's Current Market Dynamics Greetings Traders! GBPCAD has displayed a robust bullish impulse, driving it towards an internal resistance level, signaling a potential corrective phase characterized by a classic rising triangle chart pattern. Should the price successfully breach the resistance trendline of this triangle pattern and sustain its position above the internal resistance, the probability of a bullish continuation towards a marked swing high on the chart becomes notably promising.
Long
by Koolermactrez
Guide to Identifying Potential Profit Altcoins in 2024 Navigating the Altcoin Landscape in 2024 In the ever-evolving world of cryptocurrencies, identifying altcoins with the potential to deliver substantial profits is an art that demands a keen understanding of market dynamics. This comprehensive guide aims to equip you with the tools and insights needed to spot the most robust altcoins poised for success in 2024. Through detailed examples and comparisons, we'll delve into the nuances of strength, resilience, and upward potential. INJ vs BTC - Riding the Trend Waves 1. Analyzing INJ's Resilience: Explore the trading patterns of Injective Protocol (INJ) against Bitcoin (BTC). Highlight instances where INJ, despite mirroring BTC's patterns, has displayed remarkable resilience by not breaching crucial support lines. 2. Drawing Conclusions: Discuss the implications of INJ's refusal to break support lines. Emphasize the importance of following the trend and INJ's potential for continued upward momentum. MAV vs BTC - Decoding Bullish Structures 1. Unveiling MAV's Bullish Structures: Examine the consistent creation of higher lows by Mav Protocol (MAV) against Bitcoin. Contrast MAV's bullish structures with Bitcoin's struggles during various market movements. 2. Strategic Considerations: Extract trading insights from MAV's persistent creation of higher lows. Discuss the potential for MAV to outperform Bitcoin based on its bullish structure. AVAX vs BTC - Capitalizing on Market Shakeouts 1. Assessing AVAX's Post-Shakeout Strength: Analyze the aftermath of the recent market shakeout on Avalanche (AVAX) against Bitcoin. Highlight AVAX's substantial rebound in contrast to Bitcoin's more modest recovery. 2. Implications for Trading: Discuss the significance of AVAX's robust bounce after the shakeout. Explore the potential for AVAX to outpace Bitcoin in subsequent market movements. Conclusion: Forging Profitable Paths in 2024 As we conclude this exploration of potential altcoin powerhouses for 2024, remember that each comparison offers unique insights into the strength and potential of these digital assets. The ability to discern resilience, bullish structures, and post-shakeout strength positions you strategically in the cryptocurrency market. Stay vigilant, adapt your strategy as the market evolves, and use these insights to navigate the dynamic landscape of altcoin trading. 💡 Unveiling Altcoin Strength | 📈 Riding Trends | 🚀 Decoding Bullish Structures | 💪 Capitalizing on Market Shakeouts 💬 Engage in the discussion: Share your observations on altcoins displaying strength, inquire about nuanced trading strategies, and connect with a community dedicated to deciphering the potential winners in 2024. 🌐✨
Education
by Yaroslav_Krasko
2
GBPNZD Presents Ideal Selling ConditionsIn the GBPNZD market, the price has retraced to an area of significant supply on the 4-hour chart, coinciding with an internal daily resistance level. An anticipation of a selling market is prevalent in this region. It's worth noting that the overall sentiment remains bullish on lower timeframes. A prudent approach involves closely monitoring the structure on lower timeframes. It is advisable to exercise patience and await a discernible shift in market character from bullish to bearish before considering shorting opportunities. Wishing you success in your trading endeavors.
Short
by Koolermactrez
GOLD: Prime Selling Opportunity Unveiled by Harmonic Symmetry!GOLD has recently breached its downside structure. Currently, the price is undergoing a corrective phase on the 1-hour timeframe, characterized by the presence of a Gartley symmetry. This harmonic pattern is poised to conclude at a highly probable supply level. In the event of the successful completion of this harmonic pattern, a robust selling opportunity is anticipated, as visually depicted on the accompanying chart.
CAPITALCOM:GOLDShort
by Koolermactrez
EURJPY: Harmonic Bat and Rising Wedge Unveil Insights...SELL?Greetings, fellow traders! In the context of EURJPY, a discernible pattern is emerging as the price unfolds within the confines of a rising wedge. Notably, this pattern is converging towards a prospective supply zone, coinciding with the culmination of a harmonic bat pattern as it reaches its D leg. Anticipation of a market shift towards selling becomes more apparent in light of this convergence. The confluence of factors, including the potential completion of the harmonic bat pattern and the formation of the rising wedge, adds weight to the expectation of a downturn. The significance of this scenario is further underscored by the likelihood of a breach in the supporting trend of the wedge. Closely monitor this juncture, as it presents an opportune moment for strategic decision-making. Exercise due diligence and consider leveraging this insightful confluence for informed trading decisions in the evolving EURJPY market. Happy trading!
Short
by Koolermactrez