NIFTYNifty levels are based on imbalances
1. gapup 24520 long
2. 24520-24450 trade reversal
3. gapdown 24450 short
Support and Resistance
Merck Could Be SicklyMerck has struggled for most of the year, and now some traders may look for another push to the downside.
The first pattern on today’s chart is the series of higher lows from mid-November through early last week. MRK has dropped below that line, which may be viewed as a bear-flag breakdown.
Second, prices tested the 50-day simple moving average and stayed below it. That may suggest its intermediate-term trend is headed lower.
Next, compare this price action with similar patterns in September. Also note that Wilder’s Relative Strength Index (RSI) slipped below its 14-day average both times. (See white arrows.)
Finally, MRK is pushing against the $99.14 level where it bottomed in 2023. Are double digits the new normal for the pharmaceutical giant?
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Nasdaq Futures Correction? Key Zones and StrategiesGet ready to capitalize on Nasdaq futures opportunities this Tuesday, December 17, 2024! 📊 In this detailed analysis, we cover:
✅ Overall Market Trend: Nasdaq remains bullish, but could we see a correction? We highlight critical zones to watch.
📉 Short Strategies: Key areas like 22,185 with precise targets and setups for potential short entries.
📈 Long Opportunities: Scenarios for continuation, including key breakout zones and reactions in liquidity areas.
Learn how to react to price movements, identify high-probability zones, and plan your trades effectively. This video is packed with actionable strategies for both shorts and longs!
🔗 Subscribe to the channel for daily market analysis, proven strategies, and exclusive trading content. Don’t miss it!
DPZ - An excellent buying opportunity?Clearly they're doing something right - with their impending move toward a more tech-sentric NASDAQ and bullish sentiment from fresh investors like Warren Buffet - DPZ is almost too big to fail and food does not get replaced by any emerging sector (at least pizza doesn't) and as the largest pizza chain in the world, they're set up for success and are proving it in their reports.
Technically, as you'll see in the video, we've been setting up very nicely on a HTF for a large-scale breakout and are just digging for some more bulls to sustain a larger move. Within our very controlled white selling algorithm, we are right where we want to be as we build a higher base and we attempt to head for ATH with a stronger base of buyers.
Trade at your level and always do your own analysis - this is just my way of reading the market and sharing some education on how you can do it yourselves irrelevant of the specific stock. You've all seen me be wrong on positions at different times and that's why I'm always managing my risk and preparing my trades for execution at areas that I pre-identify.
Happy Trading all :)
BTC 1h updateNotice how the test level, formed after the breakout, held perfectly, leading to a 1-bar spring. Following the 1-hour spring, an entry point could be spotted on the 5-minute chart.
Reading Price Action to Tell a Chart's (Liquidity) StoryUsing Domino's Pizza in this case I want to show you how simple and practical it is to find important levels and to understand why price is doing what it's doing at a certain level. If we can map out where we are going to have to put a fight, and know why we are going to put up a fight (i.e. buyers or sellers, who needs what to win the fight, who is building liquidity and in control on a certain time frame) --> Then there is no reason why we shouldn't be able to identify solid trade opportunities and take them when they're given. If we are wrong on an analysis (i.e. we lose money on the trade), it's either that you're executing trades on a different time frame than your analysis is telling you to or there is something about your analysis that is wrong or not effective enough.
DPZ Analysis coming next..
Happy Trading :)
Intraday Levels for Nasdaq 100 Futures - 12/17/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Gold Sell Limit OrdersDear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
HNT | Nice Shape & Good VolumeHelium, a decentralized wireless connectivity network, is shaping up nicely on good volume here. Maybe wait for a Bitcoin pullback to enter; the optimal entry point is in the green box along the diagonal support line.
Cardano bullish scenarioMy analysis of the ADA/USDT chart highlights important price levels. The $1.26 mark presents an initial hurdle, acting as resistance. A break above this level could signal bullish momentum. Conversely, the $0.81 level has proven to be a strong support zone. I'm targeting $2.00 as an intermediate target and $3.10 as a longer-term objective, which could represent a new all-time high. This analysis is based on current chart patterns and does not guarantee future price movements. This is not financial advice. Trade at your own risk.
Gold Buy setupI think this area can be a good one to set an order. Please consider the risk management.
Dear traders, please support my ideas with your likes and comments to motivate me to publish more signals and analysis for you.
Best Regards
Navid Nazarian
Top Reasons to Buy Simon’s Cat Token Meme CoinWelcome to the purr-fect intersection of memes and crypto: Simon’s Cat Token! As we leap into the end of 2024, digital currencies are evolving faster than ever, and among them stands a true contender that combines humour with investment potential. Imagine a world where your love for adorable feline antics can also lead you toward financial gains—sounds enticing, right?
The daily timeframe is trending up. New daily demand levels are being created and respected. A new imbalance is being created. Watch the video below to learn more about Simon’s Cat Meme Coin projections for 2024 and 2025. Let's see if it drops to the new daily imbalance being created at 0.000044.
2 Red Candles throw Nifty back to support searching mode. 2 intensive Red Candles with big selling throw Nifty back to support searching mode. The strong support zone is round the corner. The chart shows Nifty is nearing 2 major trend line supports at 24257 and 24175. If these 2 supports are broken further supports for Nifty will be at 23904 and 23803. Final Mega support for Nifty will be 23684 (200 day's EMA or Father Line Support) and recent low of 23291. On the upper side resistances galore at 24445 (50 day's EMA or Mother line) followed by 24627, 24793, 24960 and finally 25209.
The selling has come on the back of Rupee hitting all time low and fears over US FED slowdown in the Rate Cuts in the year 2025 as inflation is not abetting and is continuing to grow. US Markets have already priced in 25bps rate cut for the ongoing FEd meeting. But more worry is regarding the commentary about 2025 and 1 or 2 more US FED meetings decisions before Trump administration takes over. With Nifty nearing critical support levels mentioned earlier volatility, bulls Vs bears FII Vs DII intense struggle is on cards. Bears have had an upper hand so far this week but Bulls can stage a fierce fight back any time within this week itself once Nifty confirms support.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
GBPUSD set for a short squeeze!Intraday Update: The UK strong employment data is allowing for a move higher in the GBPUSD today, and the 1.2712 is the 50% retracement, also previous support at 1.2713 on Dec 11th. A break of this level could accelerate a short squeeze higher.
Ascending wedge developing for USDJPYIntraday Update: The USDJPY is finding support at the ascending wedge support, but a break of the 153.60 level would be a near term bearish event.
GBPCHF is all set to continue its downward movement!The price is moving down within a descending channel. Right now, it bounced off the upper limit of the channel and hit a key weekly resistance. A candlestick pattern with a long upper wick and a small body has formed. Plus, the price has formed a triple top with lower highs. A short trade looks good based on price action and backed by volume analysis, which clearly shows a clear exhaustion of buyers. GBPCHF is moving towards the major volume activity price range around 1.12. On top of that, volume analysis backs this up, indicating that buyers are getting stronger and ready to push the price down.
Time Frame: daily
Idea support:
- Price action
- Volume Analysis
- Trend analysis
US30 SWING TRADE IDEA, FOR 16TH, DEC 2024.The Dow Jones Industrial (US30) is technically on an overall uptrend but currently recovering from a short-term downtrend retracement, with possible chances for an entry if an opportunity presents itself.
NB: All ideas are personal and probable Analysis for educational purposes, no accountability will be held if any loss is incurred. trade carefully and responsibly because the markets are risky walk wisely.
GOLD / Pivot Line Ahead FED Rate decision Gold Technical Analysis
The market will move under the key events of the FED Rate and GDP it will be a volatile week for gold.
The price dropped about 250 pip as we mentioned yesterday.
Now should break 2638 by closing 4h candle to be bearish till 2623, Otherwise stability above 2638 will try to touch 2653.
Key Levels:
Pivot Point: 2638
Resistance Levels: 2653, 2665, 2678
Support Levels: 2623, 2612, 2612
previous idea:
US30 /Bearish Momentum and Key Levels Ahead of FED Rate DecisionTechnical Analysis
The price has dropped about 700 points, as we mentioned previously, and remains under bearish momentum after breaking the bearish correction and trading below 43760.
As long as the price trades below 43760 and 43900, it is likely to drop further to touch 43350. However, it is also possible for the price to retest 43760 before continuing to drop.
On the other hand, the FED Rate Decision tomorrow will impact the indices. A rate decrease of 25 bps is expected, which could influence the bullish momentum depending on the market's reaction to the rate change.
Key Levels:
Pivot Point: 43580
Resistance Levels: 43765, 43900, 44070
Support Levels: 43350, 43210, 42900
Trend Outlook:
Bearish Momentum
Previous idea:
Algo:Bullish Momentum Intact for a Potential Upside continuationAlgo/USDT has been one of the standout performers among altcoins over the past month, with the price soaring by over 500%. After peaking just above $0.60, the coin experienced a healthy correction, forming a local low at $0.35, a level slightly above March's high.
Following this correction, BINANCE:ALGOUSDT entered a consolidation phase, creating a base around the $0.40 mark. This consolidation suggests the market is gathering strength for another potential upward move.
Currently, the price action indicates that Algo/USDT may be preparing for a new leg higher, with a likely target at the significant resistance near $0.70.
From a strategic perspective, I remain bullish as long as the $0.32 support level holds firm. The suggested approach is to buy dips, capitalizing on opportunities within this uptrend.
Key Levels to Watch:
- Support: $0.35 (recent local low), $0.32 (critical support)
- Resistance: $0.60 (previous high), $0.70 (major target resistance)
Euroclear Resumes Settlements for Select Russian EurobondsThe global financial landscape witnessed a pivotal development on December 2, as Euroclear resumed settlement operations for 10 Russian Eurobonds. Among these issuers are major players such as RUSAL, Russian Railways ( RZhD ), and EVRAZ. This decision comes amidst a backdrop of geopolitical complexities and sanctions, marking a significant step for both investors and issuers.
Key Developments
Euroclear’s decision aligns with legal clarifications from Russian Federal Law No. 292 (July 14, 2022) and Presidential Decree No. 430 (May 20, 2024). Euroclear’s compliance department conducted an extensive analysis to ensure the settlement process align with sanctions frameworks, ultimately reinstating operations for these instruments.
This move enables investors to transfer Eurobonds to Russian depository accounts within Euroclear, facilitating their eventual submission to issuers for substitution—a process governed by Russian law.
Strategic Motivations Behind Euroclear’s Decision
We can confidently emphasize two key drivers here:
1. Sanction Avoidance vs. Process Control
The substitution mechanism operates under Russian jurisdiction, reducing European depositories' control over these transactions. Euroclear and Clearstream seem inclined toward compromise to maintain oversight and mitigate risks tied to non-compliance with EU sanctions.
2. Financial and Legal Pressures
Increasing litigation expenses and adverse court rulings, such as cases where investors successfully claimed both coupon payments and bond values, have likely influenced Euroclear’s decision. These precedents underscore the rising costs of maintaining frozen securities.
Implications for Russian Investors
This development is a positive signal for the Russian market, noting the high risk of a complete cessation of Eurobond settlements just months ago. While challenges remain, this partial resumption reflects Euroclear’s strategic recalibration amidst evolving financial and legal pressures.
Further View
This decision may set the stage for further negotiations between issuers, investors, and custodians. Any progress in unfreezing additional securities will not only alleviate investor concerns, but also reshape perceptions of Euroclear’s role in the current geopolitical climate.
For now, this resumption underscores a willingness to adapt, balancing compliance with operational sustainability—a cautious yet promising approach to navigating the complexities of international finance.
Stock Of The Day / 12.16.24 / AVGO12.16.2024 / NASDAQ:AVGO
Fundamentals. Second day of growth on the back of a positive earnings report.
Technical analysis.
Daily chart: Exit upwards from a six-month accumulation.
Premarket: Gap Up on increased volume.
Trading session: Strong non-pullback growth from the opening of the session to the level of 247.00. We are looking for an opportunity to join the uptrend on a pullback. The price pulled back to the level of 238.00, after which it returned and showed a clear hold of the level of 240.00. We are considering a long trade to continue the upward movement.
Trading scenario: pullback along the trend (false breakout with retest) of level 240.00
Entry: 241.10 on impulse up after holding the level at 19:30
Stop: 239.44 we hide it behind the previous higher low
Exit: Close part of the position before the high of the day 247.00. Close the rest of the position around 248.89 after an unsuccessful attempt to update higher high.
Risk Rewards: 1/4
