Netflix (NFLX): Explosive growth, but caution aheadNetflix ( NASDAQ:NFLX ) is set to open 14% higher after adding a record-breaking 18.9 million subscribers in Q4—nearly double Wall Street’s expectations and well above the early 2020 peak of 15.8 million. These incredible numbers have sparked a strong market reaction, and the enthusiasm is well-justified.
Following this update, we’ve re-evaluated the chart. While we anticipate the potential for more upside, it’s unlikely that NASDAQ:NFLX will continue climbing without a significant correction at some point. The trendline since May 2022 has proven its importance, serving as resistance nine times before being flipped into support and holding firm on a key retest.
Currently, Netflix is approaching the significant psychological level of $1,000. If this level is reclaimed, a further push toward $1,070 and even $1,300 could materialize. However, we’re exercising caution as major levels and target zones have already been achieved. There is a chance—albeit slim—that today’s earnings gap could mark the top of wave ((v)) and wave 3.
For now, we’re waiting for further developments and will decide our next steps as the stock’s trajectory becomes clearer. Stay tuned for updates.
Technical Analysis
USDJPY: Detailed Support & Resistance Analysis 🇺🇸🇯🇵
Here is my latest structure analysis and important supports
and resistances on USDJPY.
Resistance 1: 156.40 - 157.25 area
Resistance 2: 158.35 - 158.85 area
Support 1: 154.15 - 154.78 area
Support 2: 150.60 - 151.21 area
Support 3: 148.60 - 149.60 area
Consider these structures for pullback/breakout trading.
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Analyzing USDCHF Using Support and ResistanceUSDCHF (US Dollar vs. Swiss Franc) is currently trading at 0.904, with a target price of 0.890, indicating a bearish outlook. This presents a potential gain of 100+ pips if the target level is achieved. The analysis is based on a support and resistance pattern, suggesting that the current price is below a key resistance level, which acts as a barrier to upward movement. The next support level is identified at the target price of 0.890, where the price is expected to stabilize or reverse. This implies a short-selling opportunity to profit from the anticipated price drop. The strategy assumes the price will continue its downward trend without breaking above the resistance level. Traders should closely monitor the price action near the resistance and support levels for confirmation. Effective risk management is crucial to account for potential price rebounds. The setup is ideal for technical traders focusing on price action and key levels. This plan is aligned with the overall market trend, reinforcing its validity.
TRUMP With Big buying OpportunityThe TRUMPUSDT coin is currently trading at $41, with a target price of $100, indicating a potential gain of over 250%. The coin is forming a Bullish Pennant pattern, which suggests a potential breakout. This pattern is typically seen as a continuation pattern, indicating that the coin's price may continue to rise after the breakout. The Bullish Pennant pattern is characterized by a series of higher lows and lower highs, forming a triangular shape. A breakout above the upper trend line of the pennant could confirm the bullish trend. However, it's essential to exercise caution and consider other technical and fundamental factors before making any investment decisions.
EURUSD → Efforts to shift the global trendFX:EURUSD breaking the boundaries of the prolonged downtrend channel, the pair is currently struggling below the resistance level at 1.0448, aiming for consolidation that could set the stage for a further rally of at least 100 to 200 pips.
The global trend remains bearish, and it is still too early to confidently declare a reversal. Prices are facing significant pressure at the critical resistance level of 1.0448. However, signs of a potential breakout are beginning to emerge in this area. If the US dollar continues its corrective movement, EURUSD could have a chance to confirm a shift in the current trend. A decisive breakout above 1.0448, followed by consolidation, could pave the way for the next bullish momentum.
Key levels to watch:
Resistance levels: 1.0448, 1.0607
Support levels: 1.033, 1.0222
Currently, all eyes are on the critical resistance level of 1.0448. A breakout and stability above this level could provide an attractive entry point for long positions, setting the stage for the next phase of growth.
Sincerely, Bentradegold!
FIL/USDT on the Verge of a Bullish Breakout $6+ Target FIL/USDT forming a symmetrical triangle pattern, typically a continuation or breakout pattern.
Symmetrical Triangle Formation
The price is consolidating within a narrowing range, forming higher lows and lower highs, indicative of a symmetrical triangle. This is often seen as a neutral pattern, but given the previous uptrend, it leans bullish.
Potential Breakout Zone
A breakout is expected once a 4-hour candle closes above the upper trendline. This would signal bullish momentum and provide an entry opportunity for a long position.
Key Levels
Current price is $5.107.
The immediate target after the breakout is set around $6+ based on the pattern's height and prior resistance levels.
Confirmation
Wait for a confirmed close above the trendline with strong volume before entering the trade. This minimizes the risk of a fake breakout.
Risk Management
Set stop-losses below the triangle's lower trendline or near recent lows to manage risk effectively.
Keep a close watch on the breakout level. If the price closes above the triangle with momentum, a move toward $6+ becomes a likely target.
Gold prices continue to increase from the level 2675OANDA:XAUUSD continuing the uptrend in local and medium-term timeframes. The price is once again testing strong resistance levels on the H4 chart, with prospects for a breakout toward the 2700–2750 range.
The US Dollar remains near weekly lows, touched after weaker-than-expected US PPI data on Tuesday, providing key support for the market, including gold. Attention now shifts to the upcoming CPI report, a critical release that could reshape market expectations for Fed rate cuts this year. A stronger-than-expected CPI could increase pressure on gold, while a weaker report would bolster buying momentum. Additionally, the Fed’s hawkish stance is supported by the premise that Trump, beginning his second term next week, may drive inflation higher with protectionist policies.
From a technical perspective, significant volume lies ahead, which could trigger a minor pullback toward support before the uptrend resumes.
Key short-term levels to watch:
Support: 2678, 2670
Resistance: 2690, 2697
However, in both the short and medium term, everything hinges on the upcoming scheduled news. Stay focused on these critical levels, traders!
Best regards, Bentradegold!
#NIFTY Intraday Support and Resistance Levels - 22/01/2025Gap up opening expected in nifty near 23150 level. After opening if it's give reversal from this level then expected downside upto 23000 and this can be extend for further 100-150+ points in case nifty starts trading below 22950 level. Any upside rally only expected if it is starts trading and sustain above 23200 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(22/01/2025)Today will be flat opening expected in banknifty. After opening important level for index is 48500 level. If banknifty starts trading below 48450 then expected strong downside fall upto 48050 level. Any upside rally only expected if it's sustain above 48550 level. Upside 48950 level will act as a strong resistance for today's session.
Wed 22nd Jan 2025 GBP/CAD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Buy. Enjoy the day all. Cheers. Jim
TradeCityPro | ICPUSDT Early Entry Points👋 Welcome to TradeCityPro Channel!
Let’s update the analysis of ICPUSDT, one of my favorite altcoins. We'll review the new triggers for potential early entries together.
🌐 Overview Bitcoin
Before diving into the analysis, as always, let’s take a look at Bitcoin on the 1-hour timeframe. Bitcoin shows potential for upward movement, as recent candles have pushed its price higher. With increasing volume, it could even set a new ATH. A breakout above the 108454 trigger could present a risky long position with a wide stop-loss.
As Bitcoin’s dominance is rising, this indicates that bullish movements may first occur in Bitcoin. It’s better to focus on Bitcoin or coins with a strong performance relative to Bitcoin.
🕵️♂️ Previous Analysis
In our last analysis, the trigger for a long position was 12.476, but it was never activated. Instead, the price rejected from that level, breaking our lower timeframe trigger. Sellers took control, causing Fibonacci levels to be revisited and the price to move towards the 9.821 support.
📈 Daily Timeframe
Currently, after rejecting the 11.333 resistance, the price has entered a triangle pattern and is consolidating. A breakout from this triangle seems imminent.
When the price rejected from 11.333, we observed increased volume, which isn’t ideal for bullish momentum as it highlights the strength of sellers. However, the price is now sitting on a critical support level, which is also the 0.618 Fibonacci level and the top of the daily box, now acting as daily support.
The daily candle looks promising, sitting on a strong support level. You can consider buying based on this setup, but I prefer to wait for the continuation trendline to break or for the 11.333 trigger to be breached. The 11.333 level is especially significant after the recent rejection. If we see increased volume upon breaking it, I’ll enter a position myself.
For exiting this coin, as long as we remain above $7, I’ll continue holding unless negative news arises. Keep in mind that my entry point is 3.582, which I previously mentioned. Exiting below $7 would still be in profit for me. However, I recommend exiting at current levels if your entry was higher.
⏱ 4-Hour Timeframe
After rejecting the 12.476 level, the price dropped to 9.466, where it seems to have stabilized, and bearish momentum has subsided.
📉 Short Position Trigger
I’ll consider opening a short position if the 9.466 support is broken. Profits from this trade will be used to accumulate more ICP, effectively making my holdings cost-free.
📈 Long Position Trigger
For a risky long position, you can enter after the continuation trendline breaks. Personally, I prefer waiting for the price to reach 11.411 and break that level before entering a long position. This ensures that momentum has entered the coin, allowing me to trade with greater confidence and potentially set a tighter stop-loss.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
BTC/USD Bullish Setup | Order Flow Breakout Targeting $118,000+📈 Bitcoin (BTC/USD) is showing strong bullish momentum after breaking key resistance levels. After a period of accumulation and sideways movement, BTC has shown clear signs of fresh buying pressure, supported by a clean Order Flow setup . We are targeting a move towards $118,000 as we see continuation in the current bullish trend.
Key Levels:
ATH Resistance at $109,350$ (All-Time High).
Order Flow Confirmation near $105,000 - $106,000.
Entry Zone: The green demand zones are marked as strong areas to enter long positions.
Price Target: We are aiming for a continuation towards $118,000 , which aligns with both the market structure and order flow.
🔍 Analysis:
Multiple Order Flow setups have formed around the $105,000-$106,000 region, confirming that buyers are in control.
The price is breaking above key resistance zones, and the current consolidation suggests a strong potential for price continuation.
Support Areas: The green zones on the chart represent potential areas where price could dip to before continuing upward.
Entry Strategy: Look for price action confirmation in these demand zones, with a focus on bullish candlestick formations and strong volume.
💬 Drop your thoughts and analysis in the comments below! Let's discuss where Bitcoin is headed next!
🔔 Follow for more insights on Bitcoin & Altcoin setups."
Litecoin on the Verge of a Breakout: Are You Ready for a Rally?Hello, Traders!
After reaching a local high last month, Litecoin entered a correction phase but is now showing signs of recovery.
A few days ago, LTC came close to retesting its previous local high before undergoing a minor pullback.
Currently, it appears that LTC has found strong support in the $95-$100 range, forming a local bottom. I don’t expect the price to dip below this area.
On the upside, there’s a clear resistance zone in the $135-$145 range, which has been tested twice but not yet broken.
The price action suggests that Litecoin is building momentum for a breakout above this level.
If this breakout occurs, it could serve as a catalyst for a parabolic rally.
In such a scenario, the next target will likely be the $200 price level, which aligns with the psychological round number.
Beyond $200, further upside targets could emerge depending on market conditions, particularly if broader market sentiment remains bullish.
Traders should watch for confirmation of the breakout above $145, accompanied by strong volume, as this will increase the likelihood of sustained upward movement
Please don’t forget to boost this idea and leave your comments below.
OIL INDIA BUY VIEW OIL INDIA - BUY PROJECTION
Trade Setup :
Fundamental Analysis
Stock PE - 9.22
Industry PE - 20.7
Low Debt
Promoter Holding - 53 %
DII Holdings - 17 %
Regularly Paid Dividend - 2 %
Strong Fundamental - Stock Possible to Doubled - (Current - 474 ) (Target - 948 )
for Long term 5 years Holding ..
Technical Analysis
Monthly - Strong Support & Fib 50 %
Day - Wait For Candle Close in Black Line
Entry - 507 Rs
Target - 740 Rs
Stoploss - 408 Rs
Happy trading .. Thank You ...
BAJAJFINSV BUY PROJECTION Bajajfinsv - Buy View
Trade Setup :
Monthly - Strong Support and FIB 0.786
Weekly - Symmetric Triangle Breakout
Day - Higher High Formed (Uptrend)
Entry - Aggressive Trader(Entry Now)
Conservative Trader - 1588 Rs
Target 1 - 1925 Rs
Target 2 - 1971 Rs
Stoploss - 1514 Rs
Expected Return - 20 %
XAUUSD BUY NOW XAUUSD - GOLD
TRADE SETUP & KEY POINTS :
4Hr time frame forming a Parallel Channel.
Market Coming Channel Bottom.
Support Level - 2710 $
Next Support & Channel Bottom - 2692 $
Entry - Focus on Support Levels
Target - Channel Top
Stoploss - Channel Breakout ..
Happy trading .. we will Update soon ..
DOW JONES INDEX (US30): Back to Bullish Trend
US30 Index completed a bullish accumulation in a wide
horizontal sideways range on a daily.
Its resistance was broken on Friday and we see a positive
bullish reaction to that after its retest.
There is a high probability that the market will continue rising.
Next resistance - 44360
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[INTRADAY] #BANKNIFTY PE & CE Levels(21/01/2025)Today will be gap up opening expected in banknifty. After opening if banknifty starts trading and sustain above the 49550 level then expected upside rally upto the 49950+ level. Upside 49950 level will act as a resistance for today's session. Any downside rally expected below 49450 level this downside can goes upto 49050 level.
Tue 21st Jan 2025 GBP/USD Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/USD Buy. Enjoy the day all. Cheers. Jim