EURUSD BUY PROJECTION EURUSD has the been in an uptrend after the breakout and CHOCH from the downtrend to uptrend. I expect price to retrace back to the 50% retracement zone of the Fibonacci channel and go long.
Trend Lines
GBPUSD BUY PROJECTION GBPUSD has been on the downtrend and we can see a breakout which causes a CHOCH and I expect price to retrace to the last BOS before going long.
AUDUSD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.66450 zone, AUDUSD is trading in a down trend and currently is in a correction phase in which it is approaching the trend at 0.66450 support and resistance area.
Trade safe, Joe.
Intel - Still Got Another +15% From Here!Intel ( NASDAQ:INTC ) is perfectly respecting structure:
Click chart above to see the detailed analysis👆🏻
For more than two decades, Intel has not been trading in any clear trend. We saw a lot of swings towards the upside which were eventually always followed by corrections, making Intel a very easy to trade stock. After the current retest of support, a move higher will eventually follow.
Levels to watch: $20, $27
Keep your long term vision,
Philip (BasicTrading)
EURUSD Wave Analysis 5 November 2024- EURUSD rising inside impulse wave 1
- Likely to reach resistance level 1.1000
EURUSD currency pair continues to rise inside the sharp impulse wave 1 which started earlier from the support zone between the key support level 1.07865 (former strong support from the start of August) intersecting with the support trendline from April.
The active impulse wave 1 belongs to the higher order upward impulse wave (C) from the end of October.
Given the strongly bearish US dollar sentiment seen today, EURUSD currency pair can be expected to rise to the next resistance level 1.1000 (target price for the completion of the active impulse wave 1).
Motherson Forming Bullish Gartley pattern for 240 targetMotherson Forming Bullish Gartley pattern for 240 target
Target1: 204/210
Target2: 225 / 240
Continue buying GBP/JPY after a pullback.Long Gbp/Jpy arount 194 or 194.365 SL around 193.5 Target please see the chart.
Lucky Trade!
gap up and trend down daily top gainerthis stock has trended down since its gap up every 15 minute lower high, and created an upturn into mid day. if it doesnt breakout above open and set a new higher low moving up to vwap, it will continue to trend toward lower band and vwma dot plot.
META: A Dangerous Inflection Point! (D&H Chart Analysis).Daily Chart (Left)
Ascending Channel: The price has been trending within an ascending channel, indicating a strong upward trend that has held for a considerable period.
Double Support Area: There is a critical support zone at $561.52, marked by both horizontal support and the lower trend line of the ascending channel. This convergence of support points suggests that this level is pivotal for maintaining the current trend.
Price Reaction: Recently, the price tested the support area and rebounded, but it is still below the 21-day EMA.
Hourly Chart (Right)
21-Hour EMA Resistance: The price recently encountered resistance at the 21-hour EMA as well, which may act as a short-term barrier for further upward movement.
Pullback Zone: The recent dip tested the support area around $561.52, validating it as a strong inflection point. The price is now attempting a recovery from this support level.
Conclusion:
The $561.52 level is crucial for both bullish and bearish traders. If the price maintains above this zone, there could be potential for a rebound and continuation within the ascending channel. Conversely, failure to hold this support could lead to a bearish reversal or deeper correction. Keeping an eye on the reaction to the 21-hour EMA will provide clues for short-term movement.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
SPY: Watch Out For These Turning Points (D&W Charts).Daily Chart (Left)
Resistance and Support Levels : Both $574 and $565 have served as support and resistance points in the past, and are good examples of how the Principle of Polarity works in technical analysis - when broken, support points become resistance points, and vice versa. At the moment, SPY is struggling near $574, its current resistance, which is very close to the 21-day EMA. If it fails to break it, $565 is its next stop.
EMA and Price Action : The price has recently tested the 21-day EMA, and while it experienced a brief dip below this moving average, it has recovered. The EMA could act as immediate resistance if there is continued upward pressure. In addtion, the 21-day EMA is pointing down, reinforcing the short-term downtrend.
Short-Term Pattern : The presence of lower highs/lows indicates weakening momentum, so keeping an eye on whether the price can break above $574.71 or fall below $565.16 is crucial.
Weekly Chart (Right)
Uptrend Line : The long-term uptrend is intact with a supporting trend line dating back to late 2023. This trend line, coupled with the current support level at $565.16, will be pivotal for sustaining the broader uptrend.
EMA Support : The weekly EMA is also below the current price, suggesting a positive long-term trend. Any pullback to this level would still be within an acceptable correction phase.
Conclusion:
SPY is currently at a decisive point. If it manages to break above the $574.71 resistance, the uptrend could gain strength . Conversely, a failure to hold above $565.16 might trigger a pullback to the weekly trend line or EMA, materializing a long-term pullback (but not reversing the long-trend seen on the weekly chart, just triggering a sharper correction). This is a crucial watch zone for both bulls and bears to define short- to medium-term strategies.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
TIA is approaching the 1D supportTIA is approaching the 1D support zone soon—this is a prime area for potential investments. Watch for bullish candles and solid support to confirm entry. We’re in a well-defined range with clear support and resistance. If buyers hold support here, this could form a second bottom, a strong bullish signal.
The 1D RSI is below 40, which is already a promising sign for long positions.
Waiting for support confirmations before entering;
The next possible target can be MA200 (1D) in December and expecting at least ~70% (5.7-6.5USDT)
Boost this if you agree and want more updates.
EURCHF Declined setup, Ready for Bullish MoveAs the whole market is moving downward and now stucked in a declining pattern, we can see a breakout at the edge followed by a retest. It's a clear sign of the bullish move
Close to Key Resistance with Strong MomentumNYSE:DELL is in a clear recovery phase after a substantial drop. Following the recent uptrend, it’s now approaching a significant resistance level near $135. This resistance level represents a prior high from June, a point where price previously struggled to hold.
Volume has increased slightly on this approach, suggesting that buyers are gaining confidence. However, if the stock fails to break above this level, it could face a pullback to test the support zone around $120.
Watch for a breakout above $135 with volume confirmation, as this could signal a continuation of the upward trend.
CF Industries Shows Signs of BottomingCF Industries has moved sideway for almost two years, but some traders may think the fertilizer stock is bottoming.
The first pattern on today’s chart is the rally between September 11 and October 4. That move established a new 52-week high. It was followed by a pullback to the September 20 weekly close of $81.61, where CF bounced.
Second, a falling trendline along the highs of March and August was broken. That old resistance apparently became new support last week.
Next, the 50-day simple moving average (SMA) recently had a “golden cross” above the 200-day SMA. That may suggest its longer-term trend has turned bullish.
Finally, prices jumped after the last two quarterly reports. Those moves could reflect improving sentiment.
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CHFJPY is continuing its bullish trendrespecting the trendline and making clear HH and HL and respecting fib level making bullish trend strong although there is a bearish divergence but it looks like it brought the price down to only fib level as we can see the price touched slightly below .382 fib level marked HL and then moved upwards
BAYER CROPSCIENCE - Potential 40% upmove Mid Term IdeaThe stock is in strong uptrend.
Moving out of a 4 year old consolidation zone.
Coming out of a 5 week old
consolidation, Daily VCP Breakout.
Ready for Swing Targets
15% 8215, then 9579 - Short To MId Term Targets 3-6 months.
SL 5% 6576 Daily closing Basis.
2024-11-3 LONG TONUSDTEntry = 4.8 (Yellow line)
TP = 5.52 (Green line)
SL = 4.54 (Red line)
From 1D timeframe, TON is currently at 1D Support zone.
Long at Support Zone has good risk reward ratio.
add alert at Green trendline, need to monitor whether prices can breakout TL or not
NVDA, long, Entry: 137.62, Stop: 137.03, Timeframe: 4h**Trade Type:** long
**Ticker:** NVDA
**Entry Price:** 137.62
**Stop Loss:** 137.03
**Take Profit 1:** 138.94
**Take Profit 2:** 140.29
**Risk/Reward Ratio:** 4.49
**Timeframe:** 4h
BTCUSD: Short Term Market Analysis for 11/05/24.*** This is my personal opinion and is only for educational purposes. Please consult your financial advisor before making any decision. ***
This is an update for the 15-minute BTCUSD chart. There was key resistance in the H4 timeframe, and it broke the low trend line of the pich fork. Price tested, the resistance area could drop to 68049. There is support for H4 timeframe. Price may bounce back from support 68189.0–67903.0. If it dips, then it may break yesterday low. The last green box is an order block, and it may retest.
US30 Outlook: Bearish Below 41,970 Amid U.S. Election VolatilityUS30 Technical Analysis
Sustained stability below 41,970 will reinforce the bearish trend, potentially driving the price toward 41,750. Further stability below this level could extend the decline to 41,560.
Bearish Scenario: A firm hold below 41,970 signals a continuation of the bearish trend, with targets at 41,740 and subsequently 41,560.
Bullish Scenario: Conversely, a breakout above 42,130 would indicate a shift to a bullish trend, aiming for 42,290 and 42,450.
Key Levels:
Pivot Point: 41970
Resistance Levels: 42130, 42290, 42450
Support Levels: 41750, 41560, 41340
Trend Outlook:
- Bearish by stability below 41970
- Bullish by breaking above 42130
previous idea:
Markets Slip Amid Election Uncertainty &Fed Rate Cut ExpectationTechnically:
As long as the price trades under 20130 it means will try to touch 19950, and then should break that to continue the trend toward 19860 and 19730,
Bearish Scenario: While trading below 20130, the price may attempt to reach 19950 and 19860. A break below 19740 would pave the way for further declines toward 19520.
Bullish Scenario: Stabilization above 20130 would open the path to 20240. Further strength above this level could create a bullish zone targeting 20420.
Key Levels:
Pivot Point: 20130
Resistance Levels: 20240, 20330, 20420
Support Levels: 19950, 19860, 19740
Trend:
- Bullish above 20130
- Bearish below 20110
Markets Slip Amid Election Uncertainty and Fed Rate Cut Expectations:
U.S. stock indexes slipped in choppy trading on Monday as investors braced for a pivotal week with the U.S. presidential election and a potential Fed rate cut. Uncertainty lingered, with no clear winner expected immediately between Kamala Harris and Donald Trump. "Trump trades" weakened as polls showed Harris leading in Iowa, causing drops in the dollar, bond yields, and Bitcoin. Harris' odds improved on key betting sites, closely watched by market participants.
OBOYWe can attempt to buy OBOY from specified levels as it give breakout of trendline resistance , accumulation phase , also there is no bearish divergence at current levels.
SL , TP mention in chart.
Price Action - HFCLCurrent Price Action
The stock has recently shown a bounce back movement from its support trendline, indicating potential strength and buyer interest.
The recent high-high and high-low formations suggest strong interest in the stock, coupled with an increase in volume, which can be a bullish sign.
Volume and Momentum
Increased volume during the recent bounce back suggests strong participation and interest from buyers, which is a positive sign.
Growth Perspective and Fundamental Analysis
Product Portfolio and Diversification
HFCL Ltd. has a diverse product portfolio including Optical Fiber Cable (OFC), WIFI solutions, cloud-based network management systems, and more. This diversification reduces dependence on a single product and enhances growth potential.
The company serves multiple sectors such as telecom, defense, railways, utilities, and security & surveillance, both in the private and government sectors, which provides a stable and growing revenue base.
Conclusion
From a price action trading perspective, HFCL Ltd. shows signs of potential upside with the recent bounce back from support levels, increased volume, and bullish technical indicators. However, it is important to monitor the short-term bearish signals and adjust trading strategies accordingly.
