Ready to go very very very soonThe stock appears to be in a pullback phase. I anticipate it will find support around the previous monthly highs, keeping prices contained between that level and the anchored VWAP (Volume-Weighted Average Price) from the recent swing high. Once the price advances back up toward this anchored VWAP and experiences a slight pullback, the key will be to break through it. If the stock establishes a pattern of higher highs and higher lows on the 30-minute chart, it would strengthen the bullish outlook.
Supply and Demand
FORECAST UPDATES: How Are We Doing? Were We Accurate?Tuesday Dec. 10, 2024.
Here are the updates to the Weekly Forex Forecast posted Saturday. We'll see if the forecasts were right on point and working out... or if we were just plain wrong.
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"GBP/USD: Expert Buy/Sell Strategies"FX:GBPUSD Chart Analysis: GBP/USD 1-Hour Timeframe
Current Market Structure
Price Level: The price is currently trading around 1.27749.
Resistance Zone: Around 1.27800 (marked as RB).
Support Zone: Around 1.27435 (marked as BB).
Market Volatility: Multiple Break of Structure (BOS) and Change of Character (CHoCH) points indicate a volatile market with frequent shifts in sentiment.
Buy Strategy
Confirmation: Wait for the price to break above the resistance band (RB) at 1.27800 with a strong bullish candle.
Entry: Enter a buy position once the price closes above 1.27800.
Stop Loss: Place a stop loss below the recent swing low or below the support band (BB) at 1.27435.
Take Profit: Target the next significant resistance level or use Fibonacci extensions for potential targets.
Sell Strategy
Confirmation: Wait for the price to break below the support band (BB) at 1.27435 with a strong bearish candle.
Entry: Enter a sell position once the price closes below 1.27435.
Stop Loss: Place a stop loss above the recent swing high or above the resistance band (RB) at 1.27800.
Take Profit: Target the next significant support level or use Fibonacci retracement levels for potential targets.
Additional Confirmations
RSI: Look for RSI to be above 70 (overbought) for sell signals and below 30 (oversold) for buy signals.
MACD: Look for MACD line crossing above the signal line for buy signals and below the signal line for sell signals.
Volume: Ensure there is significant volume supporting the breakout or breakdown to confirm the move.
This should provide you with a structured approach to trading the GBP/USD pair based on the current chart setup and technical indicators. If you have more specific questions or need further clarification, feel free to ask! FX:GBPUSD
Gold Spot Analysis: Key Entries & ExitsFXOPEN:XAUUSD Gold Spot Analysis: Key Entries & Exits
Key Observations:
Current Price: 2,694.57 USD
Significant Levels:
Order Block (OB): Around 2,642.27 USD
Resistance: Around 2,694.57 USD (Equal Highs)
Support: Around 2,642.27 USD
Technical Indicators:
Volume Profile: High trading activity around 2,642.27 USD
Relative Strength Index (RSI): Currently at 73.58, indicating overbought conditions
MACD (Moving Average Convergence Divergence): Bullish momentum with the MACD line above the signal line
Fibonacci Retracement Levels:
0.382: 2,682.41504 USD
0.5: 2,678.37 USD
0.618: 2,674.3246 USD
0.786: 2,671.34246 USD
Buy Strategy:
Entry Point:
Consider entering a buy position if the price retraces to the support level around 2,642.27 USD or the lower Fibonacci levels (0.618 or 0.786).
Confirmation:
Look for bullish candlestick patterns (e.g., hammer, bullish engulfing) and a bounce from the support level.
Ensure the RSI is not in the overbought zone and the MACD shows a bullish crossover.
Target:
Set the target around the resistance level at 2,694.57 USD or higher Fibonacci levels.
Stop Loss:
Place a stop loss below the support level or the recent swing low.
Sell Strategy:
Entry Point:
Consider entering a sell position if the price reaches the resistance level around 2,694.57 USD and shows signs of reversal.
Confirmation:
Look for bearish candlestick patterns (e.g., shooting star, bearish engulfing) and a rejection from the resistance level.
Ensure the RSI is in the overbought zone and the MACD shows a bearish crossover.
Target:
Set the target around the support level at 2,642.27 USD or lower Fibonacci levels.
Stop Loss:
Place a stop loss above the resistance level or the recent swing high.
By following these strategies and confirmations, you can make informed decisions based on the observed chart patterns and technical indicators. Happy trading!
TONUSDT | Good Area to FollowI think blue box will support the price.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it.
RENDERUSDT.P | HTF Accuracy
ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it.
Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
DOGE/USDT – Positive Signs, But Caution RequiredCRYPTOCAP:DOGE has shown resilience during the recent market decline, holding steady despite the broader downtrend. This is a positive sign of underlying strength.
However, we’ve touched the support band multiple times, which raises the possibility of a liquidity grab below this level before a potential continuation upward. Traders should remain cautious and look for confirmation of a move back above the support after any potential liquidity sweep.
Key Observations:
Support Band: Repeated tests may indicate weakening; watch for a potential break and recovery.
Liquidity Grab: A dip below support could act as a springboard for the next move higher.
Confirmation Needed: Wait for price action to reclaim the support level before entering.
Patience is key here. A liquidity grab could provide an excellent opportunity for long positions if recovery signals are strong.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
UPDATE ON USD/CHF TRADEUSD/CHF 1H - Hey everyone just back with an update on the trade I sent out last week, I wanted to fill you in with how its performing up to now and how you could look to manage it should you still be in.
As you can see price has played out perfectly up to now, continuing to provide us with bullish structure. Price has not even taking us into a drawdown and has shown no signs of reversing to the downside.
This trade is currently running + 83 pips. (+ 6%) 6RR
For those of you who are still in on this trade, well done. I would look to take a partial if you have not done already this is to bank profits from the running trade. Also look to apply safety measures.
As always its important we manage the running trades we are in to maximise profits and minimise losses, trades like this only need to be found once a week to generate brilliant returns in a month. Any questions drop me a message or comment below.
#BTC - Ready to pivot and head to 108k
In my latest post I mentioned that we might visit 93-95k. Sadly for alt coins that resulted in a massive bloodbath, but fear not, it is a healthy pullback meant to clear leverage, that will fuel the next move on #BTC
What's next for BINANCE:BTCUSDT ?
1. After the reaction swing high to 102k price now retraced into the 0.618 zone
2. It also fits perfectly on the fib time zone, and as we've seen in the past, it signalled almost perfectly the reversal in the trend
3. Given the massive sell-off from alts, I believe now it has enough strength to move to the extension zone which is around 108k
4. Based on the impulse we should know if it's just a manipulation or it will continue to go higher
Personally I think we should see another sweep from 108k to 90-95k, and only afterwards we can continue higher to 120k
What are your thoughts?
Gold Wave Analysis 10 December 2024
- Gold broke daily Triangle
- Likely to rise to resistance level 2750.00
Gold recently broke the resistance trendline of the daily Triangle, inside which it has been moving from the middle of October, as can be seen from the daily Gold chart below.
The breakout of this Triangle accelerated the active short-term impulse wave 3 – which belongs to the intermediate impulse wave (3) of the primary impulse wave 3 from last month.
Given the strong multi-month uptrend, Gold can be expected to rise to the next resistance level 2750.00, top of the previous impulse wave (1) from November and the forecast price for the completion of the active impulse wave 3.
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
LTCUSDTmy entry on this trade idea is taken from a point of interest below an inducement (X).. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as I anticipate.. just a trade idea, not financial advise
THE TRADEIS ALREADY ACTIVE BUT STILL AROUND THE ENTRY.. DIDNT GET THE OPPORTUNITY TO POST IT YESTERDAY, IM SORRY.
Entry; $126.25
Take Profit; $144.02
Stop Loss; $120.59
BTC 1h updateOn the daily chart, the market is in a consolidation phase, showing both a single-bar upthrust and a double-bar spring. On the 1-hour chart, a downtrend began on December 9 at 11:00 PM. For a potential short position, watch for an upthrust near the 98,320 resistance level, confirmed by strong volume and price action.
LINK $27 Setup - Trade when others are in fearCrypto got a 10% slap over the last hours and altcoins like BINANCE:LINKUSDT are currently giving setups for both, long and short. As for now LINK holding above the $22.50 support zone means we're still in play for a long move up to $27 which would result in 15% return. If we brake that support we should wait for a short confirmation and enter a short trade to the nearest support zone at $21. Don't forget that the US100 is currently on the upper side of a broader wedge and could consolidate further until New Years Eve. This would also drag down crypto further. But as long as the support holds, I'm long.
Support Zones
$22.50
$21.00
Resistance Zone
$27.00
Let me know what you think.
NOT UPDATE (12H)This analysis is an update of the analysis you see in the "Related publications" section
We previously had buy positions, all of which are in profit, and step by step, we identified the areas where NOT had pumped from the lowest point.
Now, the wave structure of NOT has become clearer.
We have simplified the chart and added the wave structure to it.
According to this setup, you can enter a position in SPOT.
The closure of a daily candle below the invalidation level will invalidate this 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
BankNifty Intraday Support & Resistance Levels for 11.12.2024On Tuesday, BankNifty opened slightly positive but experienced a volatile trading session. It dipped to a low of 53302.65, then rallied in the final session to hit a high of 53624.05. It closed at 53577.70, marking a gain of 170 points over the previous close. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) remain positive, signalling continued bullish momentum as of now.
Demand/Support Zones
Near Demand/Support Zone (15m): 52850.35 - 53038.60
Near Demand/Support Zone (75m): 52563.20 - 52780.90
Far Demand/Support Zone (125m): 51693.95 - 51906.90
Far Demand/Support Zone (Daily): 49787.10 - 50983.50
Supply/Resistance Zones
Near Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (Tested)