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Trend Analysis

Nasdaq Short: Weak Tech & Key Data AheadTaking advantage of the current bearish momentum in the Nasdaq with a daily short setup. Recent price action reveals a double-top pattern and a significant trendline break, suggesting potential downside. As we approach critical economic data releases, volatility is expected, which could fuel further bearish movement. Technical Analysis • Pattern: Double-top formation, a bearish reversal signal, confirmed with a break below the neckline. • Trendline: The long-standing upward trend has been broken, validating the bearish scenario. • Key Resistance: $20,200 area is acting as a strong resistance zone. • Support Levels: Initial support around $18,800 with further downside potential if broken. Fundamentals: The short position on Nasdaq is driven by the weak tech performance, with giants like MSFT (-6.05%) and META (-4.09%) showing declines. Rising bond yields have intensified pressure on tech stocks, indicating potential shifts in investor sentiment. Additionally, tomorrow’s key data—Non-Farm Payrolls (forecast: 113K vs. prior 254K), Unemployment Rate (expected steady at 4.1%), and ISM Manufacturing PMI (forecast: 47.6)—could further impact market outlook, with any surprises likely to influence Fed expectations and Nasdaq sentiment. Risk Management • Entry: Near current levels, aiming for downside momentum. • Stop Loss: Above recent highs to protect against false breakouts. • Target: Initial target at $18,800, with potential to extend if bearish momentum persists. Risk Note: Given the volatility associated with these macroeconomic events, there is potential for increased fluctuations. Managing risk through stop-losses and close monitoring of data releases is essential. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
CAPITALCOM:US100Short
by AR33_
CLSK: Second ChanceContinuing my analysis by popular demand, next on the list is Cleanspark. This chart is slightly less predictable than some of the other charts we have been reviewing. In particular CLSK has several zones of confluence coming together, however, its tough to guess where this one may bounce. Generally, I like to make a base case using the .618 Fibonacci retracement from the bottom to top of the impulse. This level also comes relatively close in line with the Weekly Level of support between $6.50 and $7.50. On my chart, Ive marked this as a watch level because we have also have the Value area High of our previous accumulation period at $6. Currently, Ive created a fixed range profile dating to the last POP in Mar 22 which is actually showing us a current break of the value area, which means lower prices are more probable than not. Now if we get acceptance back below the CC Fib .618, then I would confidently expect to see us move down to the previous range point of control at $4.50 area marked as the ideal buy area. Furthermore, what also throws me off about this chart is the upwards trending line marked in green, which would also be nice to tap at around $4.50. The 2 zones which would give us the safest trade are lining up together at around $4.50 / $5 which would be the range point of control, combined with the upwards trendline. Hope this is helpful! Good luck!
NASDAQ:CLSK
by afurs1
12
#AXS (SPOT) entry range(4.170- 5.150) T.(9.190) SL(4.096)BINANCE:AXSUSDT entry range (4.170- 5.150) Target1 (6.660) - Target2 (8.370)- Target3 (9.190) 1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. SL .1D close below (4.096) *** collect the coin slowly in the entry range *** *** No FOMO - No Rush , it is a long journey *** **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #CLV #RIF ENJ #ZIL #APT #MAV #ZRX #ID #AXS ****
Long
by Crypto_alphabit
#API3 (SPOT) entry range ( 1.270- 1.480) T.(3.259) SL(1.238)BINANCE:API3USDT entry range ( 1.270- 1.480) Target (3.259) SL .1D close below (1.238) Golden Advices. ********************** * collect the coin slowly in the entry range. * Please calculate your losses before the entry. * Do not enter any trade you find it not suitable for you. * No FOMO - No Rush , it is a long journey. Useful Tags. ********************** My total posts ( www.tradingview.com ) 1Million Journey ( www.tradingview.com ) ( www.tradingview.com ) ********************************************************************************************************************** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT # IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 .
Long
by Crypto_alphabit
US100 Trade LogTrade Setup (30/10/2024) - US100 Long on 1H FVG with Market Open Liquidity Grab 1. Setup: Enter long within the 1-hour Fair Value Gap (FVG) if there is a wick rejection signal on market open, suggesting a liquidity grab. 2. Entry strategy: - Target: 1:2 RRR. - Risk: 1% of account. - Confirmation: Look for a sharp wick into the FVG at market open, showing a liquidity grab and immediate recovery back into the zone. 3. Stop-loss and take-profit: - Place stop-loss just below the wick low to protect against further downside. - Set take-profit at twice the stop-loss distance, aiming for a 1:2 RRR. 4. Additional considerations: - Be mindful of volatility and spreads at market open. - Ensure wick rejection confirms strong demand within the FVG before entering. This setup aims to capture upside momentum following a liquidity grab at market open, using the 1H FVG as a support zone for entry.
PEPPERSTONE:NAS100Long
by Fondera-Trading
3
SNGP | Swing Trade SetupSNGP shows a symmetrical triangle pattern, which often indicates a breakout either upwards or downwards as the price narrows into a point. In this case, the price appears to be breaking out upwards, supported by strong bullish momentum. The chart has three clear target levels: TP1 at 81.50 PKR, TP2 at 93 PKR, and TP3 at 104.64 PKR. This suggests a potential for significant upside if the breakout is sustained. Historically, the stock was in a strong downtrend from 2017 to 2020, followed by a long consolidation phase, and is now showing signs of recovery with possible upward continuation.
PSX:SNGPLong
by mbaberhanif
Bitcoin Channel Breakout!BTCUSDT has finally broken and closed above the downward channel that has been forming since May. This move, when viewed in the bigger picture, resembles a bullish flag pattern, typically a trend continuation signal. We've seen a similar pattern recently in the gold market. After such breakouts, it's common for the market to lose some momentum and produce a pullback to retest the channel border and upward trendline. Additionally, the price action is forming an AB=CD pattern, with the completion point expected around 72,000. This setup offers a strong opportunity for continued bullish movement. The target is the resistance zone around 72,500
Long
by RTED_Investing
GOOGLE: Where are they going after earnings? Let's talk about itWHERE WILL GOOGLE GO AFTER THEY REPORT EARNINGS ON TUESDAY?! NASDAQ:GOOG NASDAQ:GOOGL In this video, we will review 3 key items that give us the best probability of predicting where they will go. 1⃣ See if it meets my "High Five Setup" trade strategy 2⃣ Why it's BUY according to my Valuation Metric Tool (6/6 score) I WANT A DIP! 3⃣ Look aHEAD to find out 👇 Video analysis 4/5. Stay tuned!🔔 Like ❤️ Follow 🤳 Share 🔂 Is this MAG7 name finally going to play catchup to its siblings? Drop a comment below. Not financial advice.
NASDAQ:GOOGLong
by RonnieV29
4
XAUUSD Market scenario,, running uptrend (Read captions)XAUUSD Price Forecast 🔔 Gold remains in an uptrend, with key resistance at 2788. A breakout above this level could confirm targets of 2820. Support holds at 2760, and a breakdown through the moving average may trigger further selling, targeting 2739, 2718, and 2696. The 200 EMA & 50 EMA golden crossover signals a bullish outlook. OANDA:XAUUSD Trade Setup: Buy Entry: 2778-2760 Target 1: 2788 Target 2: 2820 Stop Loss: 2755 Trade Setup: Sell Entry: 2778 Target 1: 2760 Target 2: 2739 Target 3: 2718 Target 4: 2696 Stop Loss: 2792
OANDA:XAUUSD
by AlphaForex56
XAU! 10/31! FOMO price increase continues $2800XAU / USD trend forecast October 31, 2024 Gold prices reached a record $2,790 in the North American session as uncertainty surrounding the US Presidential Election keeps investor demand high. Strong US economic data, reflecting steady growth and a solid jobs market, limited further gains in the metal. XAU/USD currently trades at $2,785, up 0.40%, just below the all-time high after rebounding from a daily low of $2,771. Meanwhile, US Treasury yields dipped as investor optimism grew around the Fed's soft-landing outlook. The FOMO of the end of 2024 price increase is becoming extreme - gold becomes the top active investment asset right now. We will see the highest ATH in the end of 2024, then cool down and give market share to other types. /// SELL XAU : zone 2798-2801 SL: 2806 TP: 50 - 200 - 300 pips (2771) Safe and profitable trading
OANDA:XAUUSDLong
by Moon-ForexAcademy
1
Renewed demand for the Euro | FX ResearchMost of what we've been seeing in recent sessions has been Euro-supportive. Economic data out of the zone has been on the better side of expectations. Inflation data is pointing up, and ECB speak has been decidedly less dovish. Meanwhile, ECB President Lagarde has said she doesn't expect a Euro area recession in the months ahead. Otherwise, the yen has been a little better bid today, perhaps after the BOJ signaled it would be prepared to hike rates more if its outlook was met. Overall, there have been signs of mild U.S. dollar selling, though it’s not enough to be fully convincing, especially with U.S. equity futures pointing south. Month-end flows will also play into things as the day winds down. There has also been talk of mild U.S. dollar demand on portfolio rebalancing. All of this comes ahead of today's round of U.S. data and some major event risk in the days ahead, including tomorrow's U.S. jobs report and next week’s U.S. election. As for the remainder of today, we have Canada GDP, U.S. personal income, personal spending, U.S. core PCE, and U.S. initial jobless claims. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
3MINDIA - Nice Reversal?RSI is looking strong and closing is also above 20EMA Band. Expecting it to fall a bit to normalize the RSI, which CAN BE the right time to enter. For stop loss, closing below 20EMA band or previous swing low can be used. It is purely individual study and choice. Currently market is very volatile and we also have earning of 3MINDIA in coming week, which can contradict my study and analysis. Hence do your own analysis and act accordingly. Strictly follow Risk Reward management and strict SL is necessary.
NSE:3MINDIALong
by Abdul-Rahim