NQ Power Range Report with FIB Ext - 12/22/2023 SessionCME_MINI:NQH2024
- PR High: 16956.25
- PR Low: 16931.75
- NZ Spread: 55.25
Key economic calendar events
08:30 | Core Durable Goods Orders
- Core PCE Price Index
10:00 | New Home Sales
Prev session inside bar
- Fading from prev session high
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 208.92
- Volume: 23K
- Open Int: 275K
- Trend Grade: Bull
- From ATH: -4.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Volatility
NQ Power Range Report with FIB Ext - 12/21/2023 SessionCME_MINI:NQH2024
- PR High: 16790.25
- PR Low: 16814.00
- NZ Spread: 53.25
Key economic calendar events
08:30 | Initial Jobless Claims
- GDP
- Philadelphia Fed Manufacturing Index
Major inventory decline to close prev session
- Cleared 2 session lows
- Inventory response below Monday's low
- Increased volume, same volatility
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 211.48
- Volume: 25K
- Open Int: 272K
- Trend Grade: Bull
- From ATH: -4.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 12/20/2023 SessionCME_MINI:NQH2024
- PR High: 17034.25
- PR Low: 17020.00
- NZ Spread: 37.75
Key economic calendar events
10:00 | CB Consumer Confidence
Existing Home Sales
10:30 | Crude Oil Inventories
Continuing to lift supply
- Trading slightly above prev session high
Evening Stats (As of 12:25 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 203.18
- Volume: 20K
- Open Int: 276K
- Trend Grade: Bull
- From ATH: -4.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Shiba Inu: The Meme Coin That's So Bad It's GoodI'm not going to lie, I'm not sure what Shibusdt is. It sounds like a combination of Shiba Inu and Squid Game, which is already pretty funny. But I'm also not sure if it's a good investment. I mean, it's a meme coin, and those are notoriously volatile. But hey, if you're looking for a laugh and a chance to make some money, then Shibusdt might be the coin for you. Just don't say I didn't warn you.
NQ Power Range Report with FIB Ext - 12/19/2023 SessionCME_MINI:NQH2024
- PR High: 16928.75
- PR Low: 16916.25
- NZ Spread: 28.0
Key economic calendar event
08:30 | Building Permits
Slight lift of daily supply
- Relatively low volatility session open
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 210.31
- Volume: 20K
- Open Int: 274K
- Trend Grade: Bull
- From ATH: -4.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Tight Range in Super MicroSuper Micro Computer enjoyed a major surge in mid-2023 thanks to the AI boom. Now after a period of consolidation, some trend followers may expect further upside.
The first pattern on today’s chart is the series of lower lows between August and late October, followed by higher lows in November and December. That high basing formation may suggest buyers are active near the current range.
Second is the falling trendline along the peaks of October and November. SMCI ended last week near that potential resistance. Will traders be watching for a breakout?
Third, the 50- and 100-day simple moving average (SMAs) have flattened after a sharp rise. That suggests the intermediate-term trend has gotten neutral. However, the stock is above the SMAs. Remaining here could drag them higher and create more of an uptrend. (Especially with the broader market advancing.)
Finally, Bollinger Bandwidth in the lower study shows a volatility squeeze as moves compress. That may also open the door to price expansion.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures or cryptocurrencies); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission (“SEC”) and a futures commission merchant licensed with the Commodity Futures Trading Commission (“CFTC”). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association (“NFA”), and a number of exchanges. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services under federal and state money services business/money-transmitter and similar registrations and licenses.
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a member of NFA. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NQ Power Range Report with FIB Ext - 12/18/2023 SessionCME_MINI:NQH2024
- PR High: 16838.00
- PR Low: 16802.25
- NZ Spread: 79.75
No significant calendar events
Hanging out in the highs of prev 2 sessions
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 12/14 +0.08% (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 215.76
- Volume: 22K
- Open Int: 266K
- Trend Grade: Bull
- From ATH: -4.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
News Analytics Align with Technicals' Slight Bearish Momentum ☄️Dear Investors,
Chart Explanation
I believe if Tesla doesn't break out from the bearish triangle, it could downtrend to $225. This is the target price of multiple scenarios. The stock is volatile enough to fall to this price without additional confirmation. However, if the price meets the resistance trendline I marked with red, it can still spiral into the mentioned target zone. The chart shows how this resistance indeed rejected rallies many times over the previous months. I drew red arrows where I believe the resistance rejected the price. If the price breaks up this resistance, bullish scenarios will become more probable and Tesla will prepare for the moon. At the moment, however, the number of bearish scenarios suggests a better risk-reward ratio for shorts with losing the EMAs today. I've got a short myself from $251, and I'd consider increasing this position size if I see another rejection near the resistance. On the other hand, a breakup of the resistance would mean taking profits from these positions and preparing for a long setup. The $225 target aligns with multiple historical gaps that the stock is yet to fulfill. From that level, it can either break down or reverse up. There are possible targets on both sides. So, I think, it's important to monitor news and technicals alike. In this idea, I'd like to give you some news trading insights and how I see the technical indicators.
News Trading - Natural Language Processing
☄️ Tesla's production and delivery growth has slowed in recent quarters. The company's production growth slowed to 54% in the fourth quarter of 2022, from 119% in the third quarter. Deliveries also slowed to 936,000 in the fourth quarter, from 1.39 million in the third quarter. This slowdown could be a sign that Tesla is facing production bottlenecks or supply chain disruptions.
☄️ Tesla's gross margin has declined. The company's gross margin was 27.9% in the fourth quarter of 2022, down from 30.6% in the third quarter. This decline could be a sign that Tesla is facing higher costs or that it is discounting its cars more heavily to boost sales.
☄️ Tesla's stock price has been volatile in recent months. The stock price has fallen by more than 40% from its all-time high in November 2021. This volatility could be a sign that investors are uncertain about Tesla's future.
☄️ There are concerns about Tesla's ability to scale production efficiently. The company has ambitious plans to produce 20 million vehicles per year by 2030, but analysts have questioned whether Tesla can achieve this goal without facing significant production bottlenecks.
☄️ Tesla's competitive landscape is becoming more crowded. The electric vehicle market is becoming increasingly crowded, with new entrants from established automakers and startups alike. This could put pressure on Tesla's market share and pricing power.
Technical Indicators
MACD has been bearish since 29 November as the bottom indicator shows. The bearish momentum isn't too strong, but it's been consistent over the last week. On the RSI, above the MACD indicator, I can see a bullish RSI cross attempt, but this cross failed and became a bearish indication. The volume bars have been somewhat stable over this time, which might not enforce a strong bearish momentum, but it shows a lack of volume necessary for reversal.
Disclaimer
It's not an investment advice. Do your research. Your funds are your responsibility. This speculation serves only entertainment purposes.
Kind regards,
Ely
NQ Power Range Report with FIB Ext - 12/15/2023 SessionCME_MINI:NQH2024
- PR High: 16763.50
- PR Low: 16732.25
- NZ Spread: 69.75
Key economic calendar event
08:30 | S&P Global Services PMI
Volatility remains relatively high
- Extreme vol highs throughout prev session
- Ranging half-back from prev session high
Evening Stats (As of 1:35 AM)
- Weekend Gap: N/A
- Gap 12/14 +0.08% (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 220.85
- Volume: 28K
- Open Int: 257K
- Trend Grade: Bull
- From ATH: -5.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 12/14/2023 SessionCME_MINI:NQH2024
- PR High: 16817.25
- PR Low: 16774.00
- NZ Spread: 96.75
Key economic events
08:30 | Initial Jobless Claims
- Retail Sales (x2)
Continuing to push supply into ATH
- ATH marker 17700
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 12/13 +0.08% (open <16765)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 224.46
- Volume: 48K
- Open Int: 252K
- Trend Grade: Bull
- From ATH: -4.6% (Rounded) (adjusted for contract changes)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 12/13/2023 SessionCME_MINI:NQH2024
- PR High: 16613.50
- PR Low: 16589.50
- NZ Spread: 53.5
Full calendar of key events
08:30 |PPI
10:30 | Crude Oil Inventories
13:00 | Fed Interest Rate Decision
14:00 | FOMC Economic Projections
- FOMC Statement
14:30 | FOMC Press Conference
Inching closer to ATH - 1% away
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 217.50
- Volume: 18K
- Open Int: 229K
- Trend Grade: Bull
- From ATH: -1.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16677
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 12/12/2023 SessionCME_MINI:NQH2024
- PR High: 16456.50
- PR Low: 16441.00
- NZ Spread: 34.5
Key economic calendar events
08:30 | CPI (x3)
13:00 | 30-Year Bond Auction
Near ATH - 16767.50
Evening Stats (As of 1:55 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 221.05
- Volume: 27K
- Open Int: 159K
- Trend Grade: Neutral
- From ATH: -1.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16677
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 12/11/2023 SessionCME_MINI:NQZ2023
- PR High: 16114.00
- PR Low: 16082.00
- NZ Spread: 71.5
Key economic calendar event
13:00 | 10-Year Note Auction
Highlight for the week: Bonds and FOMC
Trading in prev 2 week highs
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 213.00
- Volume: 20K
- Open Int: 226K
- Trend Grade: Neutral
- From ATH: -3.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16391
- Mid: 15819
- Short: 15533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
SPX future move based on long-term avg trendWe can see a kind of optimistic sentiment in the market currently supported by the commonly expected rates decreasing by the Fed in Q1 of 2024. When this happens it would most probably push the SPX even higher for a while at least.
Looking a the low VIX value we have not seen since January 2020 and the idea of a long-term average trend of SPX I think it would make sense to drop somewhere down to values of 3800 - 4000.
NQ Power Range Report with FIB Ext - 12/8/2023 SessionCME_MINI:NQZ2023
- PR High: 16028.50
- PR Low: 16016.00
- NZ Spread: 28.0
Key economic calendar events
08:30 | Average Hourly Earnings
- Nonfarm Payrolls
- Unemployment Rate
Back inside prev week range yet again
- Daily print painted as a pivot long
- Marking for a breakout above 16183 supply
Evening Stats (As of 1:55 AM)
- Weekend Gap: -0.05% (closed)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 209.83
- Volume: 19K
- Open Int: 264K
- Trend Grade: Neutral
- From ATH: -3.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15819
- Short: 15533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
NQ Power Range Report with FIB Ext - 12/7/2023 SessionCME_MINI:NQZ2023
- PR High: 15825.50
- PR Low: 15800.00
- NZ Spread: 57.0
Key economic event
08:30 | Initial Jobless Claims
Back at lows of last weeks inventory
- Hovering over lows of prev 2 sessions
Evening Stats (As of 12:05 AM)
- Weekend Gap: -0.05% (closed)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 206.27
- Volume: 23K
- Open Int: 261K
- Trend Grade: Neutral
- From ATH: -5.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 16105
- Mid: 15819
- Short: 15533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
SDOW a Dow Shorting ETF Long from an Intermediate Term BottomSDOW has leveled off at a near-term bottom after a downtrend as confirmed by bullish
divergence on the RSI and MACD while the price went sideways in consolidation.
Volatility has contracted as have trading volumes. I see this as a buying
opportunity with a stop loss of 20.5 below the low pivot in consolidation and the first
target at 22 underneath a standard retracement with the final target at 25 in the area of
the early November pivot high. A call option set at a strike of $22 expiring in 4-7 months
is a supplement to the idea. I expect that interest rate fades or any lessening of geopolitical
tensions may affect things throughout the trade and perhaps force trade management along the
way. Overall, I have an expectation of 18% for the shares and about 100% for the call option.
NQ Power Range Report with FIB Ext - 12/6/2023 SessionCME_MINI:NQZ2023
- PR High: 15929.75
- PR Low: 15891.00
- NZ Spread: 86.75
Key economic calendar events
08:15 | ADP Nonfarm Employment
10:30 | Crude Oil Inventories
Back above last weeks inventory zone
- Wholesale marketing for longs with daily pivot
Evening Stats (As of 12:05 AM)
- Weekend Gap: -0.05% (open > 16030)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 210.41
- Volume: 28K
- Open Int: 265K
- Trend Grade: Neutral
- From ATH: -4.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 13531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
ESGL Green Energy Penny Stock on VWAP band BreakoutESGL on the daily chart is showing a VWAP band breakout from the lower bands to the upper
bands and had a huge day with after-hours follow through. On the 15 minute chart, a high tight
flag is seen with price in consolidation in a pennant ( symmetrical triangle) in the after-hours
and corresponding extreme relative volume denoted by blue histogram bars well above the
running mean volume. This stock has a news catalyst with a long-term contract to carbon
neutralize the oil industry in the Indonesia and Asia markets which has implications in climate
change, carbon credits and other related considerations. Those with foresight are considering
this for an investment. It essentially doubled in a single trading day. Traders simply see
extreme momentum which followed through after hours and consolidated. It should be on
for another good day or two either immediately or after longer consolidation. All in all, in
my opinion it deserves to be on a watch list. Other larger oil companies may consider a
contract in due time which will benefit new investors. For traders with
fluency trading high volatility penny stocks might find considerable quick profits here.
I have marked my target as the red horizontal line corresponding to the consolidation period
of early September and the high price on high volume in Late September. See
also
markets.businessinsider.com
Bitcoin - How to trade BOLLINGER BANDSHi Traders, Investors and Speculators📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
When it comes to Technical Indicators, speculators have many options to choose from. Do you prefer to keep it simple? If your answer is YES, the Bollinger Bands are for you.
First, a little about the genius behind it, John Bollinger. Bollinger Bands were created by John Bollinger in the 1980s. He is still very much alive and well, and very active on Twitter. He constantly engages the community through seminars and interviews. As you can see, I'm a huge fan of his work! This revolutionary technical indicator offers insights into price potential and possible volatility.
Let's get technical : The higher the price action trades at the top/ upper part of the BBands, the more volatility and volume you can expect. The same is also true for the opposite - the lower the price trades on the bottom of the BBands, the more volatility and volume you can expect. It is also true that when the price trades at the top for an extended period of time, the market can be considered overbought; thus it is a good time to consider selling. The same is true for the opposite. When the price trades on the bottom of the Bollinger Bands for an extended period of time, the market is considered oversold and it is a good time to consider opening a position / buying. Important to note that the Bollinger Bands are especially useful and reliable in higher timeframes. To make overbought conditions and oversold more clear, let's take a look at a few examples on SOLUSDT:
From the Solana chart above, we see clearly that when the price action touches an orange band, it is often time to exit / enter. You can wait as the price continues upwards, but the longer you wait, the more your risk increases. Careful not to be greedy, take profits during a bullish cycle.
To make volume in conjunction with BBands more clear, let's take a look here on ETHUSDT:
You'll notice that usually on higher timeframes, the turquoise upper / lower band, is where you start paying attention. This is where firsts profits can safely be taken, with the possibility of the price still wicking towards the orange or red.
To get a little more technical, let's take a look at accumulation options with the Bollinger Bands. When the BBands contract, it is usually before a big move up or down. Now you'll need to view the chart from a macro perspective/ Fibonacci trend based retracement and trend based extension on a weekly chart to get an idea in which direction it may go. This proves another point that often, technical indicators are only useful if used correctly with chart analysis. Let's take a look at a few examples on XRPUSDT :
These are not the Bollinger Bands as they were created y John Bollinger, instead, they have Fibonacci lines added. I prefer to use them this way, it's an improvement on top of the original BBAnds. They become especially useful if you use it with another indicator called Phoenix Ascending. Find below at related ideas a quick guide on Phoenix Ascending.
Have a great weekend 🚀
__________________________
👀Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 📉
Hit like & Follow 🔔
We thank you for your support !
CryptoCheck
NQ Power Range Report with FIB Ext - 12/5/2023 SessionCME_MINI:NQZ2023
- PR High: 15862.50
- PR Low: 15845.00
- NZ Spread: 39.0
Key economic calendar events
09:45 | S&P Global Services PMI
10:00 | ISM Non-Manufacturing PMI
- ISM Non-Manufacturing Prices
- JOLTs Job Openings
Break and hold below prev week inventory
- Riding 15830 support
Evening Stats (As of 12:05 AM)
- Weekend Gap: -0.05% (open > 16030)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 207.30
- Volume: 19K
- Open Int: 264K
- Trend Grade: Neutral
- From ATH: -5.6% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 15247
- Mid: 14675
- Short: 13531
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.