Long PENGU - try to get it to risk freePENGU I think may be ready to go.
It has been accumulating in the .618 pocket for a few days now. It was just freshly listed on Coinbase. The daily RSI has been chilling around 24. This is building a lot of pressure.
Ideally grab it while it is still in the .618 pocket up to .0107 cents. Stop/loss just below the latest swing low.
I would take profits at the 2x green boxes if we can make it there. First TP area is .0148-.0163. Second TP is .0213 - .0265.
We need to break that red downtrend and hold it as support to do any sort of serious movement.
There are of course more upside targets, but the focus for now is getting this to risk-free.
Thank you!
Trend Lines
Strength on AMD stockAfter almost a year of down move, on February 5th 2025 a huge professional buying took place on Advanced Micro Devices Inc. stock (Ticker NASDAQ: AMD). Even though we've seen professional buying on that move before, the volume there was much lower and, as a result, caused small retracements up only. The volume on the February 5th daily bar has much bigger potential. Moreover, a few things are adding to the strength:
- Recent buying appeared on the market opening after the earnings report with an immediate price rise.
- The price returned into the area of big volume (blue rectangle) on relatively low volume, showing no professional interest in the downside (testing).
Therefore, if no supply reappears below or around the $116.37 level, we may see a rally towards $150.37 - $153.03 and even higher to $166.10 - $167.08 zone.
In case supply hits the market in the mentioned area, another professional buying could take place around $95.61.
$GOOGL .... LETS GET LOUD!!!Within the last month, we have watched NASDAQ:GOOGL get absolutely crushed, most of which has to do with a generally weak earnings report in early February. However, skepticism of this price action and investor sentiment is the only thing that should be on anyone's mind right now. One thing we know for a fact is that Google isn't going anywhere especially considering all the data they collect on their users. So why not apply this reasoning into buying the dip? To answer that, we should Look First/Then Leap ...
Here is the 4 Hour chart refencing back into September of 2024.
Let's start with the circle. The reason I have the area marked is because of the key factors in play that indicate we may possibly be bottoming out on this timeframe. Firstly, there are two lines to keep an eye on, a diagonal trendline and a horizontal price-level line. NASDAQ:GOOGL 's price action seems to obey these two levels (for whatever reason), which are coincidentally in the same area at the same time. Secondly, NASDAQ:GOOGL has just shown a rebound from the 400 EMA which also falls within this area giving a sort of "stars aligning" situation here. But the price action doesn't have to be the only thing we examine to analyze $GOOGL.
This is the MACD indicator on the 4 Hour timeframe referencing back to September of 2024.
This MACD chart shows the comparison between the last regional low for the MACD compared to the recent regional lows. Between these lows there is an interval of 76 to 78 calendar days (just over 2 and a half months) if I am not mistaken, which should strike some traders as very odd considering their similarity in distance. Amazingly, that's not even the weirdest part...
This is the combination of both charts.
How about that? Not only are the lengths between regional MACD lows similar, but NASDAQ:GOOGL 's returns between these periods are only roughly 2/3% in difference to each other. This just shows that there is more that what meets the eye when it comes to charting. Always look where others don't because that's where some keys are found.
In conclusion, I will be taking a long position on NASDAQ:GOOGL for the reasons stated above. When stars align like this, we are given no option but to act upon our rationality instead of our emotions...
I'm a little nervous about this one - LONG QRVO at 83.02The chart is a mess. There's really no support close by after the big post earnings pop. 5 red candles in 6 days. Trump tariffs taking effect this weekend...nobody in their right mind should take this trade. So why did I?
A) I literally have only JNPR in my portfolio when it comes to tech, so I am underrepresented in the space.
B) anyone who follows me already knows what I'm about to say... my algo made me do it. 295-2 with an average gain of 1.93% in an average of 13 trading days (.15%/day - about 3.5x the average return of the market). It has had some rough trades in the last year (long holds and more lots of capital committed than I'd like), but this is a probability game for me, so I'm hoping it'll go as smoothly as my other trades have lately. I'm prepared for that not to be the case, though. I don't like what the market did today and I think it could be a bumpy ride next week. I may regret not just leaving this money in AMEX:BIL over the weekend, but that's the trading life. Wish me luck.
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.
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.
GBP/USD Breaks Downtrend – Bullish Reversal in Play? GBP/USD Daily Chart Analysis – February 11, 2025
Key Observations:
📌 Support Zone: The price recently bounced from a strong demand zone around 1.2050 - 1.2200, indicating a potential bullish reversal.
📌 Break of Downtrend Line: The market has broken above the descending trendline, suggesting a shift in momentum.
📌 200 EMA Resistance: The 200-day Exponential Moving Average (EMA) at 1.2691 is a crucial resistance level to watch. A break above it could confirm a stronger bullish trend.
📌 Bullish Price Action: The price has formed a higher low and is now pushing higher, showing early signs of an uptrend.
Potential Scenarios:
✅ Bullish Case: If GBP/USD holds above the breakout level and breaks past 1.2690, we could see a move toward 1.2800 - 1.3000.
❌ Bearish Case: If the price fails to hold above 1.2300, a retest of the demand zone near 1.2100 is possible.
Conclusion:
This setup favors bullish momentum 📈, but confirmation above the 200 EMA is necessary for further upside. Traders should monitor price action and key resistance levels before committing to long positions.
USOIL 1H Analysis: Bullish Breakout or Reversal?📊 WTI Crude Oil (USOIL) 1H Chart Analysis 🛢️🚀
Current Market Status
Open: 73.33
High: 73.36
Low: 73.25
Close: 73.26 (-0.11%) 🔻
200 EMA: 72.40
Key Observations
✅ Strong Uptrend 📈
Price is trading above the 200 EMA (red line), indicating bullish momentum.
Recent candles show higher highs and higher lows, confirming upward movement.
✅ Consolidation Zone 📊
Price is currently in a range (orange box), suggesting a potential breakout.
Market is forming small candles, indicating indecision before a bigger move.
✅ Projected Breakout 🚀
The chart shows an anticipated bullish breakout above $74.00 - $74.85 target area (gray box).
If the price breaks above resistance, it may rally towards the next psychological level $75.00+.
❌ Risk Zone (Stop Loss Area) ⚠️
Support zone (bottom of the orange box) at $72.78 - $73.15.
If price breaks below this level, a bearish reversal could happen.
Trading Outlook
💡 Bullish Bias 📈: Look for a breakout above $73.50 - $74.00 for a long entry.
⚠️ Bearish Reversal Risk: A break below $72.78 may invalidate the bullish setup.
🔥 Potential Move:
🚀 Upside Target: $74.85 - $75.00+
🛑 Stop Loss: Below $72.78
HAL to $30My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channels (period 100 52 & 26)
Stochastic Momentum Index (SMI) at oversold overbought level
VBSM is negative and under at bottom of Bollinger Band
Entry at $26
Target is $30 or channel top
Stop loss is $25.50
PEJ to $54My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at top of channels (period 100 52 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive and over top of Bollinger Band
Price at or near Fibonacci level
Entry at $56.50
Target is $54 or channel bottom
GOLD → News ahead. Price is testing the risk zone 2881FX:XAUUSD within the correction is testing the key risk zone from which either a continuation of the trend or a deeper correction will take place.
In the center of attention is the US CPI data, which may give a new impetus to prices.
Markets remain in uncertainty over Trump's possible tariffs and Fed policy. According to WSJ, the president's administration is preparing new tariffs and this is another dose of risks for the global economy.
Powell said that the Fed is in no hurry to change course, which raised expectations of a single rate cut in July and strengthened bond yields. Gold's further movement depends on inflation data and Trump's tariffs. If CPI exceeds forecasts, the dollar will strengthen and gold will fall in price. Weak data, on the contrary, may support the metal's growth.
Resistance levels: 2898, 2910, 2929
Support levels: 2881, 2870, 2855
A false break of the support at 2881 would mean that the market is still bullish and quite aggressive. If the bulls keep the price above 2881 - 2885, then in the short and medium term we should expect a rise to 2930 - 2950.
If gold breaks 2881 and sticks below this zone, then liquidation may take place in the market and the price may decline to 2855, 2848.
The situation is stalemate, as there is news ahead and that is why we should consider 2 scenarios.
Regards R. Linda!
EURUSD → Pending a breakout of resistanceFX:EURUSD is trying to take a chance amid the dollar correction. The price is forming a retest of consolidation resistance for a breakout and further growth
After an attempt to break the downtrend resistance, the price moves into consolidation and forms a range of 1.053 - 1.021. Inside this set-up a local channel (consolidation) is formed and the price tests the resistance at 1.038. The market is still trying to confirm the change of trend and get stronger on the background of the dollar correction.
The fundamental background is complicated due to the tariff war and economic crisis....
Resistance levels: 1.038, 1.053
Support levels: 1.033, 1.021
A breakthrough of the resistance at 1.038 and price consolidation above this area may trigger further growth within the distribution of the accumulated potential
Regards R. Linda!
USDCAD → Consolidation before downward distributionFX:USDCAD is stuck in a range (consolidation) between 1.4486 and 1.428. The dollar has been showing negative momentum lately, but with NFP ahead, the data could both reinforce the correction and support the index...
All eyes are on today's economic news. If the actual NFP is below the forecast (169K), it will strengthen the expectations of the Fed rate cut.
At 15:00 the Fed's monetary policy report will be released, which may clarify the further course of the regulator.
If the NFP comes out weak, the dollar may sag and USDCAD may decline.
If the data is stronger than expected, the USD will strengthen, which will lift the USDCAD.
If the Fed hints at a rate cut, it may weaken the USD, supporting the CAD
Resistance levels: 1.4345, 1.4369
Support levels: 1.428
News is uncertainty, as it is impossible to determine the outcome of this situation in advance.
Technically, the currency pair looks weak due to the falling dollar. A break of the support at 1.428 may trigger further decline.
Regards R. Linda!
Nasdaq - Starting The Final Parabolic Year!Nasdaq ( TVC:NDQ ) is perfectly following the breakout:
Click chart above to see the detailed analysis👆🏻
Back in 2020 we already witnessed the channel break and retest, which was followed by a parabolic rally of another +50%. And in mid 2024, the Nasdaq again broke the channel trendline towards the upside, preparing the repetition of the parabolic rally which we saw four years ago.
Levels to watch: $30.000
Keep your long term vision,
Philip (BasicTrading)
EURUSD - H4, H1 forecasts, Technical Analysis & Trading IdeasIntraday forecast
The downtrend is broken, and the price is in an impulse wave.
Forecast:
1- Correction wave toward the Buy Zone
2- Another Upward Impulse wave toward Higher TPs
SL: Below 1.0331
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Mineral Resources Stock Quote | 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
# Mineral Resources Stock Quote
- Double Formation
* A+ Set Up)) | Completed Survey | Subdivision 1
* 012345 | Wave Count| Short Set Up
- Triple Formation
* Reversal Argument)) | Pattern Feature | Subdivision 2
* Numbered Retracement | Short Bias | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
Gold 1hour time frame . Move between trendlines !!! Gold (XAU/USD) – 1H Chart Analysis (Feb 12, 2025)
📉 Market Structure:
Gold remains in an ascending channel, showing a steady uptrend.
Price recently made a lower high, indicating short-term weakness.
The key support zone ($2,850-$2,860) aligns with the lower trendline.
🔑 Key Levels to Watch:
Support: $2,850-$2,860 (trendline + demand zone)
Resistance: $2,900+ (recent high)
Major Downside Break Level: Below $2,850, risk of deeper retracement
📊 Potential Scenarios:
Bullish Case: If price bounces from $2,850-$2,860, it could resume the uptrend toward $2,900+.
Bearish Case: A confirmed break below $2,850 could push price to $2,820-$2,800 as the next key support.
📌 Conclusion: Gold is at a critical support level. If buyers step in at $2,850, we may see continuation to new highs. However, losing this level could shift momentum bearish. 🚀📉
Bad CPI, Perfect Setup Opportunity for the S&P500Today’s CPI was really bad: 3% vs. 2.9%. Bad for markets, good for the Dollar, and everything got slapped - S&P 500 included.
But honestly, moments like this are often where the magic happens. Zoom in, and you’ll notice that the Monday Low is still sitting there untouched. In a few minutes, the New York Stock Exchange opens. What am I hoping for? A sweep of that Low, followed by a quick reversal and a push to the upside.
On the 1-hour chart, the RSI is already in oversold territory. A sell-off at the open would be the perfect entry, aiming for a 1:3 risk-reward ratio. If the market plays along, this could get real interesting real fast.
🔹 Asset: S&P 500
🔹 Timeframe: 1H
🔹 Entry: 5974.60
🔹 Stop: 5936.90
🔹 Target(s): 6085.86
Gold Awaits CPI – Will 2,872 Hold or Break?✅ Gold (XAUUSD) Technical Analysis – CPI Impact in Focus
Gold is currently facing bearish pressure, with expectations of a 3.00% CPI release, which could negatively impact prices. A break below 2,872 is required to confirm further downside movement.
📉 Bearish Scenario (CPI at 3.00% or Higher):
If price breaks below 2,872, it will enter a bearish zone.
A confirmed stabilization below 2,872 will extend the drop toward 2,859 and 2,840.
Further bearish pressure could drive prices to 2,823 if inflation remains high.
📈 Bullish Scenario (CPI Below 3.00%):
If price holds above 2,872, a recovery toward 2,896 and 2,918 is possible.
A break above 2,918 could push gold back toward 2,938 in a bullish reversal.
Key Levels
Pivot Point: 2880
Resistance Levels: 2896, 2918, 2938
Support Levels: 2860, 2840, 2823
Trend Outlook:
Bearish if CPI remains high (≥3.00%) & price breaks 2,872
Bullish if CPI drops below expectations & price holds above 2,872
💬 How will CPI impact Gold? Will it break down or reverse? Let’s discuss in the comments! 👇🔥
GMAB / GENMAB / Likely this is the scenarioThe last 10 Years give us an idea how this stock moves.
Today i bough some expecting around 20% profit until End of July.
I look at Seasonality / seasonal price tendencies and identified a good period to be long in that stock. I have confidence in that and my entry was the break of yesterday candle.
Feel free to contact me for some chat.
Leave a like or comment or both ;-)
Trade what you see, trade what you understand and trade carefully and risk adjusted!
Cheers!