Trend Analysis
Nice Healthy 1:1 In DALThis is just a trade review of my DAL trade that I placed on Thursday. I walk through my thought process and what I saw that made me enter this trade. Thinking about this, at about 15 seconds in I froze up and that is because I realized that the reason I took the trade wasn't all that great but, I did have a great outcome.
Possible Second Entry Long In the SPYToo long to watch recap:
Bull Case:
Hit the top of the keltner
Bounce off the 20 ema
Second entry possible formation on todays candle
Inside bar formed today
Bear Case:
Strong selling
Bulls sold to break even but, they need a reason to come back
Modified MACD showing strong bear volume
Silver - Just Starting The Parabolic Rally!Trading update on Silver ( TVC:SILVER ):
Click chart above to see the detailed analysis👆🏻
Silver just perfectly completed the bullish break and retest and is about to reject the next horizontal resistance level. However everything is still significantly bullish and I honestly do expect a breakout soon. Following the previous cycle, Silver might rally another +35% from here.
Levels to watch: $34, $45
Keep your long term vision,
Philip (BasicTrading)
$MBLY : MASSIVE SHORT SQUEEZE INBOUND! 28% SHORT FLOAT!!! NASDAQ:MBLY MASSIVE SHORT SQUEEZE INBOUND! 28% SHORT FLOAT!!!
This company went from a Short Float of 17% in September to a Short Float of over 28% as of 15 October, as I talked about in the video from my X post. This name is about to have a much larger move than NASDAQ:SOUN , the stock that met my "High Five Setup" trading strategy on Friday, and they had an 18% move just today! I am more BULLISH on this company and their technology in FSD and Autonomous Vehicles than I was BULLISH on $SOUN. They also have a much better setup with a much larger move looming.
3 REASONS WHY YOU SHOULD NOT IGNORE THIS NAME:
1⃣ SHORT FLOAT OVER 28%
2⃣ "HIGH FIVE SETUP"
3⃣ TOP 3 IN AUTONOMOU VEHICLES/ FSD TECHNOLOGY WITH NASDAQ:GOOGL NASDAQ:TSLA
Comment below with your thoughts on this trade. Will it squeeze this week? What other stocks do you think can check all the boxes on my "High Five Setup" trading strategy?
Stay tuned for more!🔔
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Not financial advice.
Plan for 29th October 2024Nifty future and banknifty future analysis and intraday plan in kannada.
Result analysis.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Spotting EUR/USD Rebound Potential with Key Technicals!Today, we’re analysing the EUR/USD daily chart to see how key technical indicators align to impact trading decisions. Here’s what’s shaping up:
➡️ Current Support: We have an uptrend in place since April which is coinciding with a 78.6% retracement around the 1.0760/75 level (spanning June lows to September peaks). Adding strength to this support zone is the RSI divergence, signalling a potential corrective rebound.
➡️ Resistance Levels to Watch: For potential rebound targets, I start with Fibonacci retracements and key resistances:
• First Resistance: The 200-day moving average aligns with the 23.6% retracement at 1.0872.
• Second Resistance: The 38.2% retracement around 1.0950, showing multiple resistance touches, making it a significant challenge for further price movement.
Disclaimer:
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Bitcoin the Dominatrix: Leading the Crypto Charge💥👑 Bitcoin the Dominatrix: Leading the Crypto Charge 📈⚡️
Hello everyone! Bitcoin is asserting its dominance yet again! Following a period of geopolitical turmoil, Bitcoin has not only held steady but has begun pushing through resistance near $69,000, underscoring its strength and growing market share compared to altcoins.
Dominance Highlights:
Bitcoin vs. Altcoins: Bitcoin is up 1.43%, while Ethereum lags at 0.49%, and altcoins overall are down 0.9%. This trend reflects Bitcoin’s expanding “dominatrix” role in the crypto space, capturing a larger slice of the market with every price rally.
Safe Haven Status: Like gold, which is also hitting new highs, Bitcoin is behaving as a safe-haven asset, especially appealing in volatile times. Investors continue to favor it for stability, and its price action is suggesting a potential next target of $79,000, with further levels to monitor.
Future Price Potential: As we look toward 2024, Bitcoin’s path may lead it to all-time highs, with targets of $115,000 and even $160,000 on the horizon, as post-election market movements often fuel further growth.
Bitcoin’s strength is undeniable, but resistance levels should be watched closely for those trading this wave. With each step, Bitcoin solidifies its role as the leader in crypto.
One Love,
The FXPROFESSOR 💙
Charts:
Bitcoin Dominance 15m :
Bitcoin Dominance 4h:
Bitcoin:
Alts Total3:
ES SUnday night to 0800 EST price ReviewGoing over the price action from sunday night to 0800 monday. looking for clues as to what the market is telling us and how we'll lean and trade today. no setups no trades for us. only A++ trades while we get back into the flow of the market. Tampa Hurricanes are no joke not for the weak of mind. thats for sure.
SPY/QQQ Plan Your Trade For 10-28 : Top Resistance PatternToday's SPY Cycle Pattern is a Top Resistance pattern in Countertrend mode.
I believe this pattern will represent a moderate early topping price action in the SPY/QQQ - resolving slightly to the downside, then rolling into an upward price trend near the end of the day.
The reason I believe this to be the case is because of two factors.
A. The Countertrend mode suggests the top will actually be a moderate bottom in price (a pullback resolving as a base/bottom).
B. The continued bias for the markets is slightly upward, thus I believe the SPY/QQQ will attempt to reach new intermediate ATHs before we start to move into the pre-election downtrend.
Gold and Silver will struggle today as both appear to be consolidating in a FLAGGING formation.
Bitcoin is still consolidating in the Phase #3 sideways consolidation pattern of the Excess Phase Peak pattern.
Everything is playing out generally very well aligned to my research and cycle patterns. Last week I warned that market price would likely be very difficult in comparison to my SPY Cycle Patterns and that traders should begin to move to protect capital.
This week is the last week you have for any upside opportunities. You need to plan to protect capital (if you plan to) before the pre-election correction. I believe skilled traders will be able to move back into the strongest sectors at a 5.5 to 8.5%+ pullback just after the elections.
That is a smart move if you can pull it off.
Also, don't hold any Gold/Silver futures contracts through the 2-3+ days around the election day. Volatility will be EXTREME and unless you can take the lumps (margin calls), I don't advise anyone trying to trade metals on November 5-6. If you do, get in and get out QUICKLY.
Here we go...
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
NZD/USD 3 Entries + 350 Pips 0 Drawdown , Fourth Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.