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Support and Resistance

Tesla I Tipping Point: Short Opportunity with Head & Shoulders Short opportunity on Tesla Based on Technical + Fundamental View -market structure -Head and shoulder pattern -Double top -Currently trading at supply zone which was a recent support and now an ideal place for a reversal to create the right shoulder of the bigger head and shoulder pattern - Daily time frame -Product Development Delays -Margin Pressure -Decreased average selling price - Increased Competition - Flat /Declining Sales - Leadership Concerns: Elon Musk's polarizing political activities and his divided attention between Tesla and other ventures (such as his involvement with OpenAI) have raised concerns among investors. Some analysts suggest that Musk's public perception may negatively impact consumer sentiment towards Tesla, leading to decreased sales and loyalty among customers. Technical view Double top Unlike the classic double top, where the second peak reaches or exceeds the height of the first peak, the Type III double top fails to reach the previous high. This failure signifies a significant shift in market sentiment and an increase in selling pressure than usal. Head and shoulder pattern - Pretty visible. Right shoulder is yet to be formed, Which makes an ideal place to SELL with a Risk Reward ratio. (Approx 1:6.4) Pro Tip Wait for a bearish candle stick pattern to execute trades on end of the day keeping stop loss somewhere above the supply zone. Target 1 - 307$ Target 2 - 271$ Target 3 - 237$ Stop Loss - 380.21$ Fundamental View Valuation Concerns: Tesla's stock is currently viewed as significantly overvalued, with a fair value estimate of $210 per share according to multiple analysts, including Morningstar and Firstrade. This valuation reflects a substantial premium over its current trading price, indicating potential downside risk for investors. Earnings Performance: Tesla's Q4 2024 earnings are anticipated to show continued improvement, with expectations of gross profit margins exceeding 20%. Analysts believe that the automotive segment's performance has stabilized after a challenging first half of the year, driven by increased deliveries and lower production costs. Market Dynamics: Despite strong demand for Tesla's vehicles, the company faces pressures from declining average selling prices due to price cuts implemented in 2023. This trend is expected to continue as competition intensifies in the electric vehicle (EV) market. Product Development: Tesla is set to launch new models, including an affordable SUV (Model Q) aimed at increasing market share in the lower-priced vehicle segment. Additionally, advancements in autonomous driving technology are critical for future growth, with plans to roll out Level 3 Full Self-Driving software in select states and regions. Analyst Ratings: The consensus among analysts remains mixed, with a combination of "buy," "hold," and "sell" ratings. The average price target reflects a cautious outlook, suggesting that while there is potential for upside, significant risks remain due to valuation concerns and competitive pressures. Not an investment Advise
NASDAQ:TSLAShort
by REUBEN_EUSTACE
4
PBR Trading Strategy This concise plan outlines key entry points and profit targets for trading PBR. Follow the strategy to capture upward moves while managing risk effectively. Entry Points: • 14.5: Initial entry • 13.7: Add on a pullback • 12.7: Further averaging down if needed Profit Targets: • 16.0: Take partial profits • 17.0: Close additional positions • 18.5+: Let remaining positions run with a trailing stop Risk Management: • Set stop-losses below entry levels to control risk Disclaimer: For educational and information only. Trading involves significant risk and may result in the loss of capital. Past performance is not indicative of future results. Always conduct your own research and consult with a licensed professional before making any trading decision
NYSE:PBR
by Robert_V12
CAT Trade Plan OverviewBelow is an example of a structured trade plan for CAT using the provided entry and profit levels. This plan uses a scaling-in approach to manage risk and average down the cost basis while planning for profit-taking at multiple targets. Entry Strategy 330: Initial entry level 325: Add on a slight pullback 300: Build additional positions as the price declines further 290: Final accumulation level if the downtrend continues This approach allows you to average into the position gradually, potentially lowering your overall entry cost if the price dips. Profit Targets 350: First profit target, useful for locking in early gains 380: Second target, capturing a larger rebound move 410: Third, more ambitious target for extended upside Setting multiple profit targets can help secure profits progressively while leaving room for further gains if the trend continues. Disclosure The information provided here is for educational and informational purposes only and does not constitute financial or investment advice. Trading involves substantial risk, including the risk of loss. You should conduct your own research or consult with a licensed financial advisor before making any trading decisions. Happy trading, and always manage your risk carefully!
NYSE:CATLong
by Robert_V12
Gold Bulls Beware: Is the Market Ready for a Pullback? Since the beginning of the year, Gold has closed every week in the green, with the last four weeks marking all-time highs. However, not even trees grow to the sky—let alone gold. 🌳✨ Looking at the posted chart, we can see that despite reaching ATHs and trading above 2900 over the past three weeks, the price has consistently reversed sharply from those highs. This suggests that a correction is becoming increasingly likely. Yesterday's ATH was only about 20 pips higher than the previous one, and once again, the price quickly reversed. At the time of writing, Gold is trading at 2936, hovering near a critical confluence support level. If the confluence support breaks, traders should anticipate a deeper correction, with an initial target around 2880 and a potential move toward 2850. I'm bearish on Gold, but I’m waiting for further confirmation before initiating sell trades. 📉🔍 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDShort
by Mihai_Iacob
6
GOLD (XAUUSD) | Key Pivot Holding – Breakout or Rejection?GOLD (XAUUSD) Technical Analysis – February 24, 2025 Bullish Consolidation Continues Near ATH Zone Gold is maintaining stability above the key pivot zone at $2,935, indicating a potential breakout scenario. The price is currently consolidating within a narrow range, awaiting confirmation of the next move. 🔹 Bullish Scenario: A 4H close above $2,946 will strengthen the bullish case, with upside targets at $2,954 and $2,968. A further breakout above $2,974 could push the price toward the $3,000 psychological level. 🔹 Bearish Scenario: Failure to hold above $2,935 may trigger a pullback toward $2,918, with deeper support at $2,895 and $2,873. Key Levels to Watch: 🔸 Resistance: $2,946 | $2,954 | $2,974 🔸 Pivot Zone: $2,935 🔸 Support: $2,918 | $2,895 | $2,873 ⚠️ Directional Bias: As long as Gold remains above $2,935, the bullish momentum remains intact. However, a break below this level could shift sentiment bearish. 📊 Keep an eye on upcoming economic data and market sentiment for additional momentum.
OANDA:XAUUSDLong
by SroshMayi
$MOBILE finally immobilized at the bottom, reversingSEED_DONKEYDAN_MARKET_CAP:MOBILE has been going down, and down, and down some more, and just when you thought it was done going down, it went down again… Take a look at the distinctly new pattern... Finally, higher lows are appearing... You may be about to see the first higher high. I'm so sure that this distinctly new pattern is decidedly a bottom, I bought in at .000485. I'm projecting a first SHORT TERM/SWING TRADE selling price of .000660, with re-buy as depicted on the chart. I believe that this is the real bottom reversal, finally, once and for all, and now it might end up being among the most highly valued tokens in the crypto world - after it explodes, of course - which will now likely begin… How long will it take? Perhaps not long enough if you don't Mobilize a bag now... CRYPTO:MOBILEUSD But don't take my word for it, this isn't Reading Rainbow, nor investment advice - do your own research, and CY your own A. Addendum: I'm looking at this through the eyes of a short term swing trader, you can ignore my take profit and re-buy zones unless you're trying to dance with the chart. All the Investor-types love this token long-term.
COINBASE:MOBILEUSDLong
by Hollywood260AB
Go long on gold in the 2930 area and make continuous profits!Dear Traders, In the past couple of days, gold has been volatile, swinging up and down. Have you made profits in your gold trades? Regardless, the fluctuations in gold were within my control, and I was able to secure considerable profits from my long gold positions. As I shared in my previous two articles, in short-term trading, we should avoid hastily chasing rallies in gold. However, once gold retraces to the 2940-2930 support region, we can actively consider going long. Yesterday, after gold retraced to around 2930, it reversed and rebounded, rising to approximately 2953. Today, after touching 2929, gold reversed again and is currently climbing back to around 2942. We've secured substantial profits from two consecutive long trades in gold. Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDLong
by Trader_Marvin
ALUMINIUM at Key Resistance – Potential Drop to 2,630FUSIONMARKETS:XALUSD has reached a significant resistance zone, marked by prior price rejections and strong selling pressure. The current market structure suggests that if the price confirms a rejection from this resistance zone, there is a high likelihood of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 2,630 level, which represents a logical target within the current market structure. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
FUSIONMARKETS:XALUSDShort
by TrendDiva
1
Microchip Tech. Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Microchip Tech. Stock Quote | Chart & Forecast Summary - Double Formation * A+ Set Up)) At 99.00 USD | Subdivision 1 * ((No Trade)) & Bottom Structure | Invalid Pattern Confirmation - Triple Formation * (Continuation Argument)) | Retracement Area | Subdivision 2 * Numbered Retracement | Downtrend Set Up | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) * (Neutral Area)) At 53.00 USD * Ongoing Entry & Channel Structure Feature Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
PEPPERSTONE:MCHPShort
by TradePolitics
DeGRAM | GBPJPY retest of dynamic supportGBPJPY is in a descending channel between the trend lines. The price is moving from the upper boundary of the channel, but it has already reached the dynamic support, which previously acted as a rebound point. On the 1W Timeframe, the chart is in the accumulation zone, which is characterized by the fact that volumes have increased and the pair is held in a certain trading zone. Before reaching the lower trend line, a harmonic pattern was formed, the potential of movement of which held under the 50% retracement level. We expect price growth after fixing above the mentioned retracement level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
5
TOTAL ROADMAP (1D)By analyzing the TOTAL chart, it can be expected that the crypto market still has room to move downward. Of course, there will be fluctuations along the way, but at least TP 1 is likely to be hit. For a trend reversal, the lower green zone is a highly significant area. Let’s see what happens. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTOCAP:TOTAL
by behdark
1