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Apple(AAPL): Down 7% – Is This the Opportunity We’ve Waited For?Apple’s stock has experienced a 7% decline over the past 10 days. What’s behind this drop? The fall came despite Apple slightly beating analysts’ expectations for the September quarter, driven mainly by a rebound in iPhone sales. During the fourth-quarter earnings call, CEO Tim Cook discussed positive developments in China but declined to speculate on economic stimulus impacts, noting stable year-over-year performance, partially aided by favorable foreign exchange rates. From a technical analysis perspective, everything is lining up perfectly. Our limit order remains unchanged. The formation of an exact double top points to the possibility of a flat pattern, which typically leads to a double bottom. This anticipated double bottom would align with the volume profile’s range high, offering additional support to key Fibonacci levels. Our stop-loss placement is secure, positioned below the support zone and the Point of Control (POC). We’ve set a time horizon for the wave ((ii)) to complete, and we believe this setup could result in a promising swing long position heading into Q1 or Q2 of 2025. If the chart develops as we hope, there may even be an opportunity to open a short position to hedge our long exposure. Until then, we’re prepared for another potential 12% drop, waiting patiently to execute our plan.
NASDAQ:AAPLLong
by freeguy_by_wmc
3
BTC Swing LongPotential for a Strong Bullish Move 📈 BINANCE:BTCUSDT Based on current price action, I believe we may be heading into a significant bullish leg. Here’s why: Bullish Arguments: Previous Month Low (PML) is being disregarded. Previous Month High (PMH) is being disregarded. Previous Week Low (PWL) is being disregarded. Previous Day Low (PDL) is being disregarded. 4H swing high is being ignored. 4H swing low is being disregarded. The only bearish point to note: Previous Week High (PWH) is still respected. Trade Management: Once we hit the first Equal High (EQH) around 68K, I’ll move my Stop Loss to Break Even (BE) and manage the trade towards the final target.
Long
by Jaytradermb
2
AMD Can it survive this horrific week?On August 13 (see chart below) we called the start of the new long-term Bullish Leg on Advanced Micro Devices (AMD), as a week before it entered the 2-year Higher Lows Zone and rebounded: Still, the road (green Channel Up) isn't without its hurdles, and one of them is this week where the price is again being brutally sold towards the Higher Lows Zone. Notice that during the previous 2-week correction (August 26 - September 03 1W candles), the Zone's top was tested and held. As a result, the multi-year trend remains bullish and will be this way for as long as the Higher Lows Zone holds. It is interesting to observe at this point that the Bearish Phase of this pattern (March 04 - August 05) was in the shape of a Bearish Megaphone and can be compared to the one that bottomed on October 10 2022 and practically started the new Bull Cycle. Notice also that so far each Bullish Leg (green Channel Up) rose by +141.87%. Within this comparison, and if we plot the Fibonacci levels from the Leg's bottom to top, we can see that the first Bullish Leg also had a rejection on the 0.618 Fib level and pull-back below the 0.786 into the Higher Lows Zone. Obviously the current correction isn't ideal but it is not something we haven't seen and is within the tolerance levels of this 2-year pattern. We expect another +141.87% rally to be concluded on this Bullish Leg, so our Target is straight up $295.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMDLong
by TradingShot
Pulse of an Asset via Fibonacci: AMZN at ATH Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several. Part of my ongoing series to collect examples of my Methodology: (click links below) Chapter 1: Introduction and numerous Examples Chapter 2: Detailed views and Wave Analysis Chapter 3: The Dreaded 9.618: Murderer of Moves Chapter 4: Impulse Redux: Return to Birth place <= Current Example Chapter 5: Golden Growth: Parabolic Expansions Chapter 6: Give me a ping Vasili: one Ping only . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity. each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
NASDAQ:AMZN
by EuroMotif
1
$SPY November 1, 2024AMEX:SPY November 1, 2024 15 Minutes. Gap down did not allow to initiate any short which were closed earlier around 579 levels. 575 supports did not hold and AMEX:SPY continued to make lows. For the large rise 539.95 to 586.12 4SPY retraced to 38.2 % levels and also 50-day average in daily. If this is not supported, we can expect 558-=562 levels which is 100 averages. If we see the daily chart 565 is important to hold. If this is broken, we have a history where AMEX:SPY went back to 539-540 levels twice from that number. No trade day today. How ever for the fall 583.32 to 568.44 a retracement to 578 levels will give a chance to short. Depending on moving averages. At the moment SL is 580 being 200 averages in 15 minutes. We are having an oscillator divergence at lows near close. So, i expect a retracement.
AMEX:SPY
by RiderTrader
1
#ALTCOINS Season is commingwe are in a strong resistance for #BTC_DOMINANCE so we have to expect reversal from here & If this happened means....... 1. we are in #altcoins bottoms 2. #altcoins season is coming so soon 3.it is the right time to invest in #altcoins not #BTC *********** This is my expectation for next weeks ********** ******( MAY BE I AM COMLETELY WRONG, PLEASE DO YOUR OWN PLANS ) ******* CRYPTOCAP:BTC.D CRYPTOCAP:BTC CRYPTOCAP:ETH #BTCUSDT #bitcoin #BTC #BTCUSDT #BTCUSD #BTCETH #ETH #ETHUSDT #ETHBTC #ETHUSD #trade #trading #longterminvestment #Cryptotading #cryptoinvesting #investment ##trading #cryptocurrencytrading #bitcoininvestments #Investing_Coins #Investingcoins #Crypto_investing #Cryptoinvesting
CRYPTOCAP:BTC.DShort
by Crypto_alphabit
42
VISTA - Cup&Handle lead to a possible explosion?$VISTA is the native currency of the Ethervista DEX, with a capped supply of 1 million tokens. Ethervista is a value-compounding deflationary token. Could this tokenomics lead to a potential strong upward movement? this coin is breaking the 10$ price level, where it could have a massive up side potential. seen that we have our possible first potential target around 20$, and if the volumes mantain this growth in relationship with the price, we could see that coin fly very high.. If you like and you want to comment, feel free to do so :-) stay tuned good trading
VLong
by EdoardoTelve
4
AU Index Rallies from Demand Area as Bullish Sentiment GrowsThe AU Index experienced a significant development yesterday as it reached a key demand area, showing a strong rejection today that indicates potential bullish momentum. This demand zone, identified through technical analysis, has historically served as a pivotal point for price action, suggesting an opportunity for a price turnaround. With the opening candle reflecting a robust rejection of lower levels, traders are increasingly optimistic about the possibility of a bullish trend emerging in the coming months. From a technical standpoint, this demand area presents a solid foundation for potential upward movement. The absence of follow-through selling and the strength of the rejection signal that buyers are stepping in to support the price. When coupled with historical seasonality patterns, which indicate a likelihood of gains during this period, there is a compelling case for a bullish outlook on the AU Index. Historical trends suggest that this time frame has often led to price rallies, providing further confirmation for those considering long positions. On the fundamental side, the insights from the Commitment of Traders (COT) report paint an interesting picture. While retail traders are predominantly bearish, indicating a cautious sentiment among the broader market participants, the smart money narrative tells a different story. Institutional investors appear to be either bullish or in the early stages of building long positions, which can be a telling signal for future price action. This divergence between retail bearishness and institutional buying often creates an environment ripe for a market reversal, particularly as the smart money tends to lead rather than follow market trends. Given these dynamics, traders are now on the lookout for a long setup on the AU Index. Emphasizing risk management and entry strategies will be essential in this endeavor. With the price showing resilience at the demand area and fundamental signals suggesting a shift towards bullishness, there is a growing confidence that the AU Index may be poised for a sustained rally. In conclusion, the confluence of technical indicators, seasonal patterns, and the contrasting sentiments present in the COT report presents an enticing opportunity in the AU Index. As traders position themselves for potential gains, the next few sessions will be crucial in determining whether this demand area will indeed act as a launchpad for a bullish trend in the months ahead. Investors will be closely monitoring price movements, looking for confirmation to validate their long strategies in what could be an exciting period for this index. ✅ Please share your thoughts about AU in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
PEPPERSTONE:AUS200Long
by FOREXN1
4
DOLLAR INDEX (DXY): Bearish Decline from Key Resistance LevelI'm impressed with how the 📉 Dollar Index reacted to a key horizontal resistance level on the 4-hour chart. Following this test, the index moved into a consolidation phase, forming a horizontal range. The breakdown below this range's support level has provided a clear bearish signal. Now, we're observing a favorable retest of the broken structure, suggesting a likely continuation of the downward move. The target is set at 103.55.
TVC:DXYLong
by NovaFX23
2
World Chain Eyes Ethereum Layer 2 Expansion With New IntegrationWorld Chain, an AI-driven crypto project backed by Sam Altman, is making significant waves in the market with its latest strategic move. The project has officially announced the integration of 'Across' to streamline cross-chain transactions and further its expansion into Ethereum Layer 2, an endeavor that has sparked widespread discussions among crypto enthusiasts. This advancement, alongside the coin’s ongoing price activity, has fueled speculations on whether Worldcoin ( MIL:WLD ) could achieve the ambitious target of $5. Developments: Integration of 'Across' On November 1, World Chain revealed its collaboration with Across, an established cross-chain bridge known for facilitating efficient and cost-effective transactions across multiple EVM-compatible blockchains. This strategic integration positions World Chain as a formidable player in the Ethereum Layer 2 space, enabling the project to provide secure and affordable cross-chain transfers right from the start. With the addition of Across, developers on World Chain can now harness native interoperability to build powerful cross-chain applications. Moreover, users can seamlessly bridge key assets like ETH, wETH, USDC, and wBTC, bolstering World Chain’s ecosystem and attracting a broader user base. The project has also adopted ERC-7683, a cutting-edge swapping standard co-developed by Across and Uniswap, adding a new layer of functionality to its network. Market Sentiment and Potential Price Movement Despite these promising advancements, WLD’s market performance has been mixed. At the time of writing, MIL:WLD is trading at $1.93, reflecting a 2.13% intraday decline. The token has experienced volatility, with its 24-hour low and high recorded at $1.85 and $1.99, respectively. Over the past month, however, MIL:WLD has gained 15%, demonstrating resilience and the potential for growth. Crypto market participants remain cautiously optimistic about WLD’s future, especially in light of the project’s Ethereum Layer 2 expansion. Nevertheless, a $5 price target appears overly ambitious under the current market conditions. Data from Coinglass indicates a 4% drop in WLD’s futures open interest (OI) to $214.60 million, hinting at mixed investor sentiment and uncertain price prospects. Technical Analysis From a technical standpoint, MIL:WLD is facing significant hurdles. The coin is trading within a falling trend channel, with no signs of a breakout. The RSI (Relative Strength Index) is hovering at 36, indicating oversold conditions and weak momentum. The lack of positive price action comes amid lingering concerns over Worldcoin’s controversial iris-scanning technology, which has faced regulatory scrutiny in several countries. Crucially, MIL:WLD is approaching a critical support level at $1.50, aligning with its one-month low. This support level could serve as a key pivot point, potentially triggering a rebound if buying pressure increases. However, for MIL:WLD to sustain a meaningful rally and aim for higher price targets, it must overcome the 200-day exponential moving average (EMA) and break past the resistance level at $3.00. Path to $5: A Long-Term Vision While a $5 price target may seem far-fetched in the short term, there are scenarios where MIL:WLD could achieve this milestone. The successful execution of its Ethereum Layer 2 strategy could drive greater adoption, especially if transaction fees and network efficiency improve as promised. Additionally, if World Chain’s AI-meets-crypto model gains traction and the project’s user base expands globally, the token’s valuation could see a significant boost. Nevertheless, the road to $5 is fraught with challenges. The project must overcome technical resistance levels and mitigate negative sentiment surrounding its biometric technology. Market conditions and broader crypto trends will also play a pivotal role in shaping WLD’s future price trajectory. Conclusion World Chain’s integration with Across marks a pivotal step in its quest to become a leading Ethereum Layer 2 player. While the move has bolstered the project’s fundamentals, WLD’s technical outlook remains under pressure. The coin’s journey to $5 will require overcoming substantial hurdles, but with strategic execution and market support, Worldcoin ( MIL:WLD ) could potentially turn the tide. For now, investors are watching closely, waiting for signs of a momentum shift as MIL:WLD continues to navigate its evolving landscape.
by DEXWireNews
2