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ASX 200: Is the Santa Rally Finally on the Runway?Did we just see the start of the ‘Santa Rally’ on Australia’s ASX 200? If the daily candle on SPI futures finishes around these levels, the price signal will likely embolden those who have been pining for its arrival. As things stand, we’re looking at a key reversal with the body and range greater than the candle of 24 hours earlier, pointing to the potential for an extended run higher. RSI (14) has broken its downtrend – hinting at a shift in price momentum – although MACD is yet to confirm the signal. While the timing of the futures contract roll emphasises the need for risk management, with just a handful of trading days left until Christmas, this has often been a strong seasonal period Australian stocks. If the price closes above 8310, one setup to consider would be to initiate longs above the level with a stop beneath for protection, targeting the downtrend established from the record highs. A break of that level may open the door for a larger thrust, possibly towards 8420 or 8480. The price needs to overcome 8353 for the setup to succeed, meaning traders should be on alert for signs of hesitancy from this known reversal level. If the price were to close beneath 8310, the bullish setup would be invalidated. Good luck! DS
ASX24:AP1!Long
by FOREXcom
USDJPY InsightHello, subscribers! It's great to have you all here. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - U.S. December Manufacturing PMI dropped to 48.1, down 1.4 points from the previous month, marking its lowest level in three months, while the Services PMI rose to 58.5, up 1.4 points, hitting a 38-month high. - Eurozone December Composite PMI increased to 49.5, up 1.2 points from the previous month but remained below the critical threshold of 50. - ECB Executive Board Member Isabel Schnabel stated, "Monetary policy must proceed gradually and remain data-dependent." - At the December FOMC meeting, a 25 basis point rate cut is seen as a given, but there is a prevailing outlook for rates to be held steady in January. - Canada's Deputy Prime Minister and Finance Minister Chrystia Freeland announced her resignation following a conflict with Prime Minister Justin Trudeau. Key Economic Indicators + December 17: U.S. November Retail Sales + December 18: U.K. November Consumer Price Index, Eurozone November Consumer Price Index, FOMC meeting results + December 19: Bank of Japan rate decision, Bank of England rate decision + December 20: U.S. November Personal Consumption Expenditures Price Index USD/JPY Chart Analysis USD/JPY successfully bounced from the 149 level and broke through the 153.500 resistance, paving the way for a potential climb toward the 157 level. In the short term, an upward trend appears likely. However, with the FOMC meeting and the BOJ monetary policy meeting scheduled this week, there is significant uncertainty regarding medium- to long-term direction. We will revisit the outlook based on the outcomes of these events. If unexpected movements occur, we will quickly adjust our strategy accordingly.
Long
by shawntime_academy
Divergence - SHORT I am not perfect on explaining what is happening, but I am good in drawing my expectation. in this expectation, I think there is a signal for Divergence from the tops which indicate price will revert to hard down, so keep in mind, Selling short period is about to happen. and put in your mind, that the price sooner or later will come back to the main trend link ( the below white line) so, BTC will go back again to the $60,000 again, and maybe less, you need to know the game, they drop the price with one click by selling a huge amount of BTC on their network, that's how they control the market, by selling and buying their exist BTC, they will never lose, this Satoshi Nakamato organization are like the CASINO, the house always wins. ;)
COINBASE:BTCUSDShort
by khaledabdrabo
3
GOLD - Falling Wedge ABCD PatternGOLD has broken down from bearish rectangular consolidation. Prior to bearish rectangle, a falling wedge was formed from recent highs. Now it seems falling wedge is part of ABCD pattern, which means there is one more leg downwards to go. In ABCD pattern, the size of the second move downwards is very much the same as first move (either in $ or % terms). The projected price of completion of this falling wedge with ABCD pattern is between 14 and 14.50 because this coincides with: - a number of trendlines and major support zone from Weekly timeframe meet between 14 and 15 - gap fill is at 14.66 Also, if we look at price range of first wedge pattern drop, it was about 22% (from point A to B). With the formation of ABCD, the second wedge pattern price drop is also likely to be about 22% from point C to D of ABCD pattern. Price is below SMA 20, 50 and 200 Buy around 14.50
NYSE:GOLD
by I_M_Shoaib
Technical Analysis: BTC/USDT – after ATH at $106kAfter the price reached the 1.14 level of the Fibonacci Retracement, I projected the Fibonacci Expansion to identify potential targets and decision zones. Context: The prevailing structure is a well-defined uptrend channel, reflecting a strong and consistent upward momentum. Statistically, the zone between 1.0 and 1.14 Fibonacci levels often acts as a decision area, where the price tends to consolidate or face resistance before deciding whether to continue the trend or initiate a pullback. Current Scenario: We are currently in an extended leg within the channel, which significantly increases the probability of a price correction. The marked Pullback Zone (highlighted on the chart) suggests that the price could retrace to test intermediate supports within the channel or revisit previous Fibonacci levels.
Short
by SilvesterScorpion
BTC.D: A Critical Turning PointThe current zone is pivotal for confirming the bearish scenario on BTC.D. Key Points: - Death Cross on the 12h chart confirmed last week. - PA is retesting EMAs after the cross, increasing the likelihood of further downside. - This is a zone to add positions if weakness confirms. Main Scenario: 1. Retest completion → continued downtrend. 2. Major support lies around 53%, with potential for deeper declines. Risks: A sustained move above the current MAs could invalidate the bearish outlook.
CRYPTOCAP:BTC.DShort
by Goldfinch_song
“4” reasons to go long CLSKI went long NASDAQ:CLSK again - at 12.3175 at the close today. Since this summer when I started posting ideas, I've made 5 trades in NASDAQ:CLSK and made an average of almost 13% per trade and those 5 trades averaged under 3 days in length (all verified in ideas I've posted here). The miners are such a gold mine when it comes to how I trade. One of the keys for the average person when it comes to the miners is to look in the “minds” for the stock. When everyone there starts complaining about conspiracies, criminality, or changing their mind back to “this thing is garbage” 2 weeks after they were gleefully shouting “to the moon” and posting rocket emojis, you know it’s getting close to time to buy 🤣. Seriously, though. My algo says it’s time to buy and you know I don’t question its judgment. But if you just look at the chart, there are a few other things that also poke you in the ribs and whisper “buy itttttt”. 1) Uptrend - the regression channel here makes it obvious, but NASDAQ:CLSK has been in an uptrend since the beginning of September. The trend is your friend until it ends - and it hasn’t yet. 2) Higher highs and higher lows. Part of the uptrend thesis, but until this closes below 9.80 (an over 20% loss from here), the uptrend is intact. 3) Minor (no homonymous pun intended) support at 11.40 from the low of the gap up candle. 4) Finally, 4 consecutive down days. Going long after 4 down days in a row has been an incredibly quick and reliable payoff for quite some time now. You’d have to go back to September of 2022 to find a 4 down day buy that didn’t pay off in under 3 weeks. In fact, it has only taken even 3 weeks 2x since then. The most common payoff is 1 day, and almost all have been less than a week since Sept. of ‘22. I’m all about the quick payoff and I’m expecting this one to be as well. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. Depending on the situation, I may sell calls as well since the premiums on miner options are just ludicrous. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NASDAQ:CLSKLong
by redwingcoach
15
SUPERUSDT Long Setup / 2x-3x LeverageBINANCE:SUPERUSDT 📈Which side you pick? Bull or Bear Low-risk status: 3x-4x Leverage Mid-risk status: 5x-8x Leverage (For beginners, I suggest low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone 1.98-1.91 ⚡️TP: 2.12 2.23 2.36 2.49 🔴SL: 1.72 🧐The Alternate scenario: If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
Easy profit of 110pips, gold still points to 2630!Bros, as I mentioned in my last opinion, gold is currently facing resistance in the 2660-2670 area, so I still prefer to short gold in terms of trading. Today we shorted gold near 2660 as planned. Just now, when gold fell back to around 2649, I manually closed my short position and easily made a profit of 110 pips. So how should we trade gold next? Today, gold showed a weak rebound, proving that as gold fell last Friday, buying funds gradually concentrated in the 2645-2640 area. Therefore, before gold falls below the 2645-2640 area, we cannot be too bearish on gold in short-term trading, so we cannot set a TP value that exceeds expectations; however, gold is still weak overall, and we can still wait for gold to rebound and short gold again. If the gold market is to eliminate some long holders, then gold is likely to try to fall below the 2645-2640 area and continue to fall to around 2630. So next, we continue to short gold with the 2665-2660 area as resistance. Brothers, are you bearish on gold in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Follow the trend and short gold!This week is a new week, so let's start this week's trading with hope! Gold rebounded after touching 2643, and currently rebounded to 2658. From the current rebound strength, gold is still very weak. And after gold just experienced a big drop, there is no position to support gold to rebound immediately. So we can only follow the weak trend in trading at present. So in the short term, I still prefer to short gold, and there is resistance in the 2660-2670 area above. Once gold cannot break through this area strongly, gold is likely to continue to fall. Once gold encounters resistance and falls back, it may fall back to the 2645-2640 area, or even the 2630 area. Bros, let's try to short gold first, and then wait patiently for gold to fall back! If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Purple Innovation | PRPL | Long at $0.93Purple Innovation / Mattress NASDAQ:PRPL is facing a Nasdaq delisting if it can't stay above $1 by early 2025. However, a positive move up (from a technical analysis perspective) may be brewing. My historical simple moving average lines are approaching the price, which more often than not means a future price jump. But the question is, will it occur before the scheduled delisting? Google Trends shows the largest spike in the search for "Purple Mattress" occurred between June to December 2024. The CEO of NASDAQ:PRPL bought $203k worth of shares around this initial spike. The company is not expected to be profitable for some time, but I am more interested in the short-term move here vs the strength of the company, long-term. So, while this is a "risky" play, especially with the approaching Nasdaq delisting, it's interesting from a technical analysis end. At $0.93, NASDAQ:PRPL is in a personal buy zone through January 2025. Target #1 = $1.14 Target #2 = $1.30 Target #3 = $1.50 Target #4 = $1.63
NASDAQ:PRPLLong
by WorthlessViews
Medical Properties | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Medical Properties - Double Formation * 7.30 USD | Trend Line Survey | Subdivision 1 * Retracement 0&1 | Consolidation - Triple Formation * 3.65 USD | Trend Line Survey | Subdivision 2 * Head & Shoulders | Configuration * Retracement | 0.786 & 0.5 | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:MPWShort
by TradePolitics