Merck & Co Inc 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
# Merck & Co Inc Stock Quote
- Double Formation
* A+ Set Up)) | Area Of Value 1| Subdivision 1
* Pattern Confirmation | Flag Structure | Bearish Trend
- Triple Formation
* ABCDE Wave Count | Triangle | Subdivision 2
* 1.618 | Area Of Value 2 | 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
Trend Lines
TIA Final sweep down then to go back up Most alts right now are sweeping before their all time lows.
TIA is also been in range since last ju/jul. It did a sweep high /deviation to $9.2x in last swing up and now it is doing a sweep down once the sweep is completed we will see a good up swing move and most probably go for 7.70 (on htf)
A very good swing option here to give 2x-3x.
STOXX50: Bullish Momentum in Play - Is 5,345 the Next Target?PEPPERSTONE:EUSTX50 remains within a well-defined ascending channel, with price currently bouncing off a key support area. This suggests a continuation of the broader uptrend, targeting the upper channel boundary.
A short-term pullback could offer a potential entry opportunity. If buyers step in and confirm strength through candlestick patterns like bullish engulfing or hammer formations, momentum could drive price higher toward the 5,345 level.
A breakdown below the channel's lower boundary, however, would invalidate the bullish outlook and signal a potential shift in market direction.
Nvidia - The Future Is Actually Known!Nvidia ( NASDAQ:NVDA ) is repeating price action:
Click chart above to see the detailed analysis👆🏻
Back in 2018 Nvidia has been retesting the upper channel resistance trendline again and again before we saw a trendline break and a massive drop. We are seeing the same behaviour today but so far, Nvidia still manages to consistently respect the trendline.
Levels to watch: $200, $120
Keep your long term vision,
Philip (BasicTrading)
GOLD: Correction for potential accumulation.is growing during the week. The asset is performing well in the face of economic uncertainty and a dollar drop. After a minor modification, the train might go north again.
Markets are keeping an eye on US-China trade talks, which are alleviating fears of a global trade war, as well as Trump's Middle East efforts, which are reducing demand for the US dollar as a safe-haven asset. Furthermore, a rising yen puts pressure on the US dollar, which supports gold.
Investors are focused on Friday's NFP report, which may influence the Fed's future measures. Weekly jobless claims and Federal Reserve statements are also monitored. The market is quite aggressive on any radical action by Trump because this evaluation is tied to global concerns.
Technically, the price is correcting to gather liquidity and potential for future gains. Below are some strong support levels that could send the price back.
Support levels: 2845-2850 and 2830.
Resistance levels: 2860, 2872, and 2882.
Trade Active
Gold is testing the previously defined support zone.
The accent is on 2845-2840. If the bulls keep the defense above this zone, it is worth waiting for gains in the short-term.
As part of the upward corrective, the price may test the 0.5-0.7 Fibo level, as well as the previously broken ascending channel barrier. There are no technical or fundamental grounds to break the trend; growth may continue despite a fake collapse.
By Nexus Trades Zone
Gold is in the Bearish Direction after Formation ManipulationHello Traders
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#BILLYUSDT expecting further decline!📉 SHORT BYBIT:BILLYUSDT.P from $0.00367
🛡 Stop Loss: $0.00390
⏱ 1H Timeframe
📍 Overview:
➡️ BYBIT:BILLYUSDT.P continues to trend downward, forming new local lows. After retesting the $0.00387 zone, the price failed to hold and dropped again, confirming seller dominance.
➡️ POC (Point of Control) at $0.00475 shows the highest liquidity area, positioned above the current price. This confirms a bearish market sentiment, as major trading activity is still concentrated at higher levels.
➡️ A breakdown of support at $0.00367 strengthens the downtrend, opening the way toward $0.00336, where buyers previously showed interest.
➡️ If the price holds below $0.00367 , further downside movement is likely, with increasing sell pressure.
⚡ Plan:
➡️ Enter short after confirming a breakdown below $0.00367 , signaling further downside.
➡️ Risk management through Stop-Loss at $0.00390 , placed above the nearest resistance zone.
➡️ Primary downside target – $0.00336, where buyers may step in.
🎯 TP Targets:
💎 TP 1: $0.00336
🚀 BYBIT:BILLYUSDT.P remains weak — expecting further decline!
📢 BYBIT:BILLYUSDT.P remains in a strong downtrend with no signs of buyer recovery. If the $0.00367 level is broken with increasing volume, the decline may accelerate.
📢It's crucial to watch the reaction at $0.00336—if significant buying interest appears, a short-term bounce is possible.
📢However, in the long term, there are no clear reversal signals yet, and long positions should be approached with caution.
Gold might revert to the trend line following a rising riseHello everyone, today I'm ready to provide you with Gold analytics. A few days ago, we saw a big upward movement in the market, but before that, Gold traded near support 2, which coincided with the support zone. Then it rebounded and surged to 2727 points before correcting even below support 2, but then it reversed and began trading inside the wedge. Price plummeted below the trend line and immediately rebounded, shattering the second support level and continuing to climb higher along this line.Gold ascended for a long time along this line, but on the fourth touch, it rebounded and reached the first support level, which corresponded with another support zone. Then it corrected to practically the trend line before quickly rising back to the first support, breaking it, and exiting the wedge. It then retested and increased its score to 2880 points. Now, I expect XAUUSD to make a correction to the trend line, which is positioned within the support zone. That's why I set my target at 2800 points, which corresponds to them. If you appreciate my analytics, please support me with a like or remark.
NIFTY taking a breather !As we can see NIFTY had been sideways to negative throughout the day as analysed in our previous post. We can consider this as a breather or retracement after a rally which is a good sign, for confirmation, break of 23800 will lead to 25000++ in coming sessions else it can remain sideways to negative so plan your trades accordingly and keep watching.
Is NNDM Consolidation Finally Over?Weekly chart is being shown but I will summarize key bullish points on the daily as well.
General Note:
Found support at the 236 retracement($2.19) of the last low to high. This means alot of paper hands have exited.
If this did not hold it would be bearish.
Price is above a downward Trend line. We need to see this trendline broken on the daily chart and established as support.
Even better if we can weekly candles to do this in the next few weeks.
The orange areas are supply/demand zones at time frames lower than the daily but greater than and equal to an hour.
The red and green areas are supply/demand zones at the daily or higher. You need to see the orange zones
broken on the daily and established as support. The first red zone is the first boss. We need to get
through that and make it support to ensure this trend is changing.
It probably needs to happen soon because I expect to encounter resistance at the 200SMA on the weekly time frame
and I would like that resistance to be above that supply zone.
Weekly Notes:
The 8EMA crossed the 21 EMA on the weekly. It came down and touched the 21 and bounced.
This has not happened in the last four years I have been following this stock.
The 13 weekly EMA is equal to the 48 and if price stays above 2.40, it will cross it on the weekly.
The 30 Weekly SMA has leveled and is starting to point up. See Weinstein method.
Next thing I am looking for is the 30Weekly to cross the 50 Weekly and for the weekly 50 to level out and point up
Daily Notes:
13EMA has crossed the 48 EMA. This is generally bullish when both are not pointing down.
50SMA has crossed the 200 SMA
Broke above 200SMA Daily. Need to see a pull back and prove it's support.
Wave 1 as leading diagonal (better chart pic)
I think it's worth bearing in mind that we could see some significant downside during the lull at the end of Q1. Red for Valantines, Green for St Patrick's.
This shows how we may never have transitioned into wave 2, but may actually be about to finish wave 1 as a leading diagonal.
We could be looking at wave 2 as a running/ expanding flat, in which case we see a significant rally, but something is niggling at me about this.
Watch the break of the high at $3.39, I'll be looking at the 4hr RSI to see if there's divergence. A close above with that divergence will possibly spell more downside than just a subwave correction.
USDJPY Wave Analysis – 6 February 2025
- USDJPY under the bearish pressure
- Likely to fall to support level 150.00
USDJPY currency pair under the bearish pressure after the earlier break out of the support zone between the support level 154.00, support trendline from September and the 50% Fibonacci correction of the previous upward impulse from December.
The breakout of this support zone accelerated the c-wave of the active ABC correction 2 from the start of this year.
Given the strongly bullish yen sentiment seen across the currency markets today, USDJPY currency pair can be expected to fall to the next support level 150.00 (target for the completion of the active c-wave).
#1000PEPEUSDT expecting further decline!📉 SHORT BYBIT:1000PEPEUSDT.P from $0.009650
🛡 Stop Loss: $0.009875
⏱ 1H Timeframe
📍 Overview :
➡️ BYBIT:1000PEPEUSDT.P remains under selling pressure after failing to sustain an upward move. The price is trading below the key POC $0.010072 , which previously served as a high-liquidity zone.
➡️ The recent breakdown of $0.009815 , followed by a retest as resistance, confirms the bearish scenario.
➡️ If the asset holds below $0.009650 , this could trigger a move toward $0.009242, where buying interest was previously observed.
➡️ Current price action shows weakness in buyers as volume does not support an upward breakout.
⚡ Plan :
➡️ Enter short once a firm breakdown below $0.009650 is confirmed.
➡️ Risk management through Stop-Loss at $0.009875 , positioned above the nearest resistance zone.
➡️ The main downside target is $0.009242 , where profit-taking and a possible bounce could occur.
🎯 TP Targets:
💎 TP 1: $0.009242
📢 BYBIT:1000PEPEUSDT.P is showing signs of further downside, with no strong buying reaction at the moment.
📢 The $0.009242 level should be closely monitored as a potential support zone. If weakness persists, breaking this level could accelerate downward pressure.
📢 For those holding long positions, caution is advised when facing repeated resistance retests.
🚀 BYBIT:1000PEPEUSDT.P continues to show weakness — expecting further decline!
SEI | ALTCOINS | +150% Bounce Zone TARGETSEI is an altcoin that bounces well from support zones and therefore excellent to trade as a swing trade.
You can confirm that SEI bounces from support zones by taking a look at this post I made in August last year, just before SEI increased 232%:
For the short term, there seems to be no clear indication of a turnaround, but the good news is that a better buy zone is approaching for the next impulse wave up - which could be a really big swing.
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BINANCE:SEIUSDT