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Gold (XAUUSD): Is a Long-Term Cycle Ending Soon?We came across a long-term view of TVC:GOLD on the monthly chart, and it’s hard to ignore what it suggests. Since 1980, Gold has shown clear Elliott Wave structures, with Wave III respecting key Fibonacci extension levels. Now, we appear to be concluding Wave V, which could mark the end of a multi-decade cycle. While the RSI on the monthly timeframe is overbought, it’s not definitive on its own. However, when paired with the chart structure, it raises concerns. We expect a potential max price for Gold at $3,000, a significant psychological level. If this marks the end of Wave V, Gold could retrace to a range of $1,400-$1,700 as part of a major correction. An alternate scenario is that we’re still concluding Wave III, with more upside left. Either way, we anticipate a short-term push above the current trend channel, targeting $2,910-$3,000, before a correction for Wave (4). Alternatively, breaking the trend channel prematurely could trigger the start of this correction sooner than expected. Our short-term target is $2,420-$2,150 before resuming a push to $2,900-$3,000. Alerts are set, and we’ll provide updates or potential setups as this unfolds.
CAPITALCOM:GOLDShort
by freeguy_by_wmc
SLB 5M Daytrade Long Aggressive CounterTrend tradeAggressive CounterTrend trade - short impulse + support level - unvolumed T1 level + volumed 2Sp- - weak test closed below T1 + first bullish bar closed entry - target beyond 5M / 1H range Calculated affordable stop limit 1 to 2 R/R take profit expandable to swing / investment trade 1 Hour CounterTrend "- short balance + expanding ICE + support level + biggest volume manipulation" 1 Day Trend "+ long impulse + SOS test level + support level + 1/2 correction" 1 Month Trend "+ long balance + expanding ICE level + support level + 1/2 correction + volumed manipulation" Sell SLB Limit 44.54, GTC Sell SLB Stop 42.29 LMT 43.06, GTC
NYSE:SLBLong
by MishaSuvorov
McDonald's (MCD): New setback after quarter pounder incidentOne month ago, we predicted McDonald’s would push into the 127.2%-138% range at max, and now the stock is reacting precisely as we expected. Pre-market trading shows a 6% drop following the news from Tuesday. The Centers for Disease Control and Prevention (CDC) has reported one fatality and ten hospitalizations linked to McDonald's Quarter Pounder burgers, resulting in the fast-food chain pulling the item from several menus. This incident has brought McDonald's stock back into its previous range, signaling that this wave (B) should mark the local top for now. If we are correct, we expect to see a 5-wave structure downward from here. While there could be a brief relief pump, we anticipate the stock falling below the wave (A) level of $243. We are patiently monitoring the situation, and if a favorable short setup presents itself, we will share the entry details. For now, we are watching how the news unfolds and waiting on the sidelines.
NYSE:MCD
by freeguy_by_wmc
SMLT 1H Swing Long Aggressive CounterTrend TradeAggressive CounterTrend Trade + long impulse + 1/2 correction + volumed T1 - support level??? + volumed 2Sp+ + weak test + first bullish bar closed entry Calculated affordable stop limit 1 to 2 R/R take profit expandable to Investment trade Daily CounterTrend "- short impulse + volumed TE / T1 + support level + volumed Sp + weak test" Monthly CounterTrend "+ short balance + ICE level + 1/2 correction + support level + biggest volume manipulation"
RUS:SMLTLong
by MishaSuvorov
Meta (META): Watching for a SetbackIt has been a lovely rise within META since 2023. However, we are now continuing to range for some time, which is usually a sign of a possible setback before a continuation. This setback could be beneficial for sustainable growth and further rises. Zooming in, we can observe a range building since February 2024. This range has been respected multiple times so far, and it seems likely to continue. However, the small breach of the top looks somewhat like a Swing Failure Pattern (SFP) and could be a signal of profit-taking by many traders. If we breach through the $440 level, we could see a change of structure if a candle closes below it. If this happens, it would confirm our analysis. Until then, we might see higher prices as this is technically still a bullish trend within this range. Another small indicator supporting our view is the bearish divergence on the RSI. While RSI is a good indicator with a high win rate, it’s not infallible, so this scenario might not play out. Still, this seems the most likely outcome to us at the moment.
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NASDAQ:METAShort
by freeguy_by_wmc
5
Why I might buy some Qualcomm shares early next week. Guys, one of the companies that does well from a weakening USD is Qualcomm (ticker - QCOM). Qualcomm is a company that will do well with a weakening USD because a lot of its operations are offshore USA. From statista.com: "Qualcomm revenue worldwide 2018-2023, by region Published by Thomas Alsop , Jan 5, 2024 Qualcomm's revenue was a total of approximately 35.8 billion U.S. dollars in the fiscal year of 2023. Qualcomm generated over 22 billion U.S. dollars in China and Hong Kong alone. Vietnam surpassed Ireland, the United States, and South Korea, occupying the position of second region with the highest revenue, with around 4.5 billion U.S. dollars generated." What does Qualcomm exactly do? From qualcomm.com "Every day, Qualcomm is transforming the way we work, live and communicate, pushing the limits of technologies like artificial intelligence to help us stay more intelligently connected. This digital transformation is advancing nearly every facet of society and business – from automotive, agriculture and education to healthcare and manufacturing." Look, I don't know for sure what direction the USD will take this next week. Please see my other thread today on why I think the USDX is about to rally. Of course if the USD rally's northward then this would not be good for a Long-investment in Qualcomm. But here is the thing, any rally in the USDX I believe will be short-lived as the USA goes into an interest rate reduction next month which is pretty much 'in-the-bag'. From Reuters 5 days ago: The U.S. central bank will cut the federal funds rate by 25 basis points in September, November and December taking the range to 4.50%-4.75% by end-2024, according to 54% of those polled, 55 of 101. Markets, which were earlier betting on a half-percentage-point cut in September, are currently pricing around 70% probability of a quarter percentage point cut next month. So, l am not trying to justify the trade in my own mind, I thought it might be a good opportunity for you. I probably would not buy a CFD on this one, I would be buying shares and taking it long for probably a few months of course with a Stop-loss. Because longer-term investments can turn pair-shaped very quickly. Now, onto the most important technicals. QCOM was up a whopping 67% this-year-to-18 June when its share price hit an all-time-high of 230.47. Since 18 June it share price was sold off due to a bearish head-'n'-shoulder's pattern on the 4hr, but I have done the measurements & this sell-off has played out to the downside so in other words I see no further threat from this bearish h'n's. Price normally want to recover after such a sell-off and retrace to retest the highs. Now checkout the very bullish Cup'n'Handle pattern on the weekly. See chart. The other timeframe from the Daily right down to the 15m look supportive of price which has recently recovered from the sell off and getting support on all the important moving averages across all timeframes. STOP LOSS : I might take 2 trades longer term as a stock trade, not cfd, because I avoid paying swap-rates. Aggressive-Stop would be just under a recent swing-low on the 1HR, a price just underneath a Buy-order block for added protection. That Stop-Loss level is 163.10 which represents 6.23% wriggle-room if the Share-price were to fall. A more conservative Stop-loss level is 152.30 which is right under the weekly-handle & underneath the lowest price there. Take Profit: A take-profit level would be 360 , this is riding on the back of the bullish Cup n Handle patterns on weekly and 4hr chart and on significant increase in sp next month when the USA reduces it's interest rate. See chart of Daily below: * Trading is risky. Please do not rely solely on my financial advice.
EIGHTCAP:QCOMLong
by Easy_Explosive_Trading
PayPal (PYPL): Time to Secure Profits After Hitting New HighsWe’ve noticed that PayPal isn’t getting much attention lately, but since our entry, the stock has surged to a new high, the highest since April 2024. However, amidst the potential hype surrounding PayPal, we must remain focused and closely monitor the chart. The gap from August 2023 has now fully closed, and the RSI is beginning to look concerning. In response, we’ve decided to take some profits off the table and raise our stop-loss to just below the triple EQL at around $56.88. With this new stop-loss and the profits we've secured, we’re protected from potential downturns but still positioned to look for another entry in PayPal. Stay tuned for updates on the next possible setup. ✅
NASDAQ:PYPL
by freeguy_by_wmc
Walmart’s (WMT) Earnings Could Signal Economic TrendsAt first glance, Walmart's earnings might not seem critical, but they provide key insights into consumer behavior and could serve as an indicator for future retail sales. If Walmart reports disappointing earnings, it could signal broader economic concerns. As one of the largest retailers in the U.S., a decline in Walmart's customer base may indicate that consumers are tightening their belts, which is never a good sign for the economy. This is why we're closely monitoring Walmart. Sometimes, stocks can act as a barometer for the market. While we’re hopeful for a strong earnings report, we're also anticipating a potential price dip into the $43 to $36 range. Whether this occurs immediately or in the coming weeks is uncertain, but we believe it’s a likely scenario. If Walmart’s price drops into this range, it could present a compelling buying opportunity. The golden pocket Fibonacci retracement aligns with this area, and there’s also a significant, yet untagged, liquidation level at $40 that we're keeping an eye on. We’ll be closely watching Walmart’s earnings and price movements. If we see a negative earnings report and a subsequent drop in price, we’ll provide updates and discuss potential strategies. 🤝
NYSE:WMTShort
by freeguy_by_wmc
Netflix (NFLX) - Preparing for the Next Upward MoveBack in March, we anticipated the target zone for Netflix to be between the 38.2% and 61.8% Fibonacci levels. This zone was reached in April, marking the end for Wave 4 perfectly. Since then, the overarching Wave (1) has likely been completed. We expect a significant correction before another upward move, with the anticipated pullback range between 35% to 50%. Despite the expected correction, we maintain a bullish outlook for Netflix, anticipating higher prices in the longer term. Once we confirm the pullback and identify precise entry and exit points, we will issue a detailed market report.
NASDAQ:NFLXShort
by freeguy_by_wmc
TOTAL MARKET CAP FOR CRYPTO - PREDICTIONS FOR MARKET EXIT Many people forget to follow the chart of Total market cap, Total2 where BTC and ETH enter by capital and Total3, which showed perfectly when to enter smaller currencies, when to reinvest and when to exit. The peak of the same as bitcoin depends exclusively on how much total capital will enter the crypto market. That's why it's important to create some specific zones and monitor them for profit removal from the entire portfolio. The first target is quite realistic in my opinion and I give it a very high probability of happening. In that case, some altcoins will make an additional 300-500% profit from the current price. The best scenario for which we will determine whether to leave part of the profit for the best stake, that is the target 1.61. Don't forget that we are in the final phase and that you should watch it exit the market and not re-enter it Share below the comment and your opinion on how realistic the scenario is for the future
CRYPTOCAP:TOTALLong
by learnfromfailure
2
Optimizing Returns: Position Sizing, Leverage and Spot TradingWhomever told you "Size doesn't matter" in trading, has never had a big "size" and probably just borrowed someone elses. In the dynamic landscape of trading, where fortunes can be made and lost in the blink of an eye, various strategies vie for attention. Position sizing, leverage trading, and spot trading each offer distinct approaches to navigating the volatile markets. Understanding the nuances and risks associated with each is essential for traders seeking to optimize their returns while managing risk effectively. Position Sizing: A Prudent Approach Position sizing is a strategy that emphasizes determining the appropriate amount of capital to allocate to a trade relative to one's overall portfolio. Rather than relying on borrowed funds to amplify gains, position sizing focuses on prudent allocation and risk management. Consider this scenario: Here is something that happened to me recently: Over a week ago I invested just $80 in #Bitcoin and the price moved 12% since My return: $11.75 A few days ago I invested $1,000 in Bitcoin and the price moved only 3% My return: +$26.00 Despite the smaller percentage gain in the first scenario, the return on investment is substantially lower due to the smaller position size. This highlights a fundamental principle: the size of one's position significantly impacts the magnitude of returns. While the absolute gains may seem modest in the examples provided, they demonstrate the potential for consistent growth without the need for excessive risk-taking. Leverage Trading: Temptation and Risk Leverage trading offers the allure of magnified returns by allowing traders to control positions larger than their initial capital. However, this comes with inherent risks, including fees associated with borrowing and the potential for significant losses. Many traders are drawn to leverage trading in pursuit of exponential gains. Yet, they often overlook the substantial risks involved. Despite the promise of greater returns, the reality is that losses can mount swiftly, eroding profits and even leading to negative balances. Furthermore, the psychological toll of leverage trading can be significant. Constantly chasing high-risk, high-reward opportunities can result in emotional exhaustion and impulsive decision-making, fueling a cycle of loss and frustration. Spot Trading: Proceed with Caution Spot trading stands as a stalwart option for those seeking to invest without the complexities of leverage. However, even in this seemingly straightforward arena, there are nuances to be wary of, particularly when it comes to leveraging spot positions. Spot trading entails purchasing and holding an asset with the expectation of long-term appreciation. Unlike leverage trading, where borrowed funds amplify gains and losses, spot trading relies solely on the investor's own capital. This approach is often favored for its simplicity and reduced risk exposure. However, the temptation to employ leverage in spot trading can lead to unforeseen consequences. Leveraging spot positions increases the potential for losses, as the borrowed funds magnify both gains and losses. Moreover, the dynamics of unrealized and realized profit and loss (PnL) can confound inexperienced traders. Finding Balance: The Art of Risk Management The key to successful trading lies in finding the balance between risk and reward. While leverage trading offers the potential for rapid growth, it requires a disciplined approach to risk management. Instead of fixating on borrowed size, traders should focus on optimizing position size relative to their available capital. Understanding the interplay between unrealized and realized PnL is crucial for making informed trading decisions in both leverage and spot trading. By exercising prudence and restraint, traders can optimize their returns while safeguarding against undue exposure to market volatility. In the end, what truly matters is finding a harmonious balance between these strategies. Whether it's careful position sizing, navigating the highs and lows of leverage trading, or sticking to the grounded principles of spot trading, it's all about embracing a method that resonates with your risk tolerance and goals. With a keen understanding of the intricacies involved and a disciplined mindset guiding your every move, you'll be well-equipped to chart your course through the markets and seize every opportunity that comes your way.
by CoffeeshopCrypto
THETA Short-Term Bounce SetupCurrent Situation: THETA has been drifting lower due to general market indecision but may be poised for a short-term bounce. Trade Strategy: Entry Point: Enter a long position within the $2.09 to $2.03 range. Take Profit Targets: First Target: $2.21 Second Target: $2.32 Third Target: $2.44 Stop Loss: Set a stop loss at a candle close under $2.01 to manage risk. Confluence Factors: Support Levels: The current zone ties in with two trends, 0.786 Fib support, and horizontal levels. Stochastic RSI: The Stochastic RSI has reset on daily, 12-hour, 8-hour, and 4-hour timeframes, indicating potential upward momentum. Risk Management: Monitor for a wick into the entry zone. Ideally, look for a candle close below this zone before exiting if weakness persists. If market weakness continues, watch for reactions at the two yellow zones marked as potential bounce regions on the way down. Stay alert and trade carefully! 📊📈 #Crypto #THETA #Trading #BounceTrade #EntryPoint #TakeProfit #StopLoss #MarketAnalysis #Cryptocurrency #Blockchain
Long
by Richtv_official
IMX Long Trade SetupCurrent Situation: IMX has experienced a sell-off this week but might be poised for a reversal. The current ENTRY box offers a favorable setup, incorporating multiple levels of confluence such as trend, 0.786 Fib, horizontal supports, and a reset Stochastic RSI on 12-hour and daily timeframes. Trade Strategy: Entry Point: Enter a long position within the $2.15 to $2.10 range. Take Profit Targets: First Target: $2.26 Second Target: $2.39 Third Target: $2.53 Stop Loss: Set a stop loss at a candle close under $2.09 to manage risk. Risk Management: Watch for weakness into the ENTRY box to reduce stop-loss risk. Be mindful of leverage, as losses are amplified if the trade goes against you. Alternative Long Zone: If the current setup fails and IMX drops further, consider entering a long position in the $2.03 to $1.99 region. Stay cautious and good luck with your trading! 📊📈 #Crypto #IMX #Trading #LongTrade #EntryPoint #TakeProfit #StopLoss #MarketAnalysis #Cryptocurrency #Blockchain
Long
by Richtv_official
Petrobras (PETR): Bearish Divergence - Heading for a Dip After the market closed yesterday, Petrobras, a Brazilian stock, released a new earnings report. We're analyzing it in Brazilian Real (BRL) to get the most accurate view of the chart. On the weekly chart, we anticipate a mild but noticeable bearish divergence, especially since the beginning of 2024 when the stock has significantly appreciated. There is considerable downside potential as we expect the completion of Wave (3), followed by a downward adjustment in Wave (4). The exact retracement level for Wave (4) is yet to be determined, but we anticipate a pullback to around 38.52% before the stock resumes its upward trajectory in Wave (5). Our downside target is around 50 BRL, considering Petrobras' high dividend yield. This makes the stock attractive not only for its growth potential but also for its income-generating ability. A closer look at the daily chart reveals potential scenarios for either the completion of Wave 5 or Wave (3), highlighting areas where bearish divergence becomes more apparent. This divergence is evident due to the significant impulsive rises in the stock over recent months and weeks, which have created several imbalances. Despite closing gaps and reaching new highs, a downward correction is likely needed before we can see further upward movement. We anticipate that the correction in Wave (4) will take the stock lower, potentially reaching levels between 28.28 and 23.30 BRL.
BMFBOVESPA:PETR3
by freeguy_by_wmc
Microsoft (MSFT): Climbing to New Heights or Ready for Reversal?For Microsoft, we've recently observed an uptick and, for visualisation, activated the 100% level on the two-day chart as a maximum target. A closer look on the two-hour chart suggests that we might be in the final wave, Wave 5. Since developing Waves ((iii)) and ((iv)), we've formed four more waves and are now approaching a new all-time high. We consider a maximum of $450 to be realistic, though further increases are possible. After such a substantial rise, we expect the target range to be between 38.6% and 54%, around $450. This area could be intriguing to monitor for a potential trend reversal. If such a reversal occurs around $450, we would look out for possible short positions. However, should we significantly surpass this level, which we currently don't anticipate, we would seek long positions. Depending on these developments, we'll adjust our strategy accordingly.
NASDAQ:MSFTShort
by freeguy_by_wmc
Lido DAO (LDOUSD): Why We're Cashing Out 25% NOW!Lido DAO (LDOUSD): BINANCE:LDOUSD For Lido DAO, we're taking 25% out now, locking in profits 💰 , as we believe we've encountered the peak of Wave (i) and are currently entering Wave (ii). We aim to catch the bottom as we did with the overarching Wave ((ii)) previously. Therefore, we're setting a new entry at the 50% level at $2.8146 with a stop loss just below the 78.6% level and also slightly below our initial entry, as we don't expect the price to drop further. We'll be moving our first entry up, but not to break even. Instead, we'll position it below the 127.2% level, where the entire price action reversed, because a double bottom could occur for the subordinate Wave (ii), and it would be unfortunate to be stopped out in such a scenario. A further sell-off seems unlikely to us, so we're placing a new long entry zone limit order.
CRYPTO:LDOUSDLong
by freeguy_by_wmc