History LessonHistory doesn't ever perfectly repeat, but it certainly rhymes.
Rug pull imminent. Few are prepared.
Rising wedge. Dropping volume. Bearish divergence with daily RSI.
Volume
Volume Profile: Why I don't trail stops!Two great examples happened this week on INDEX:ETHUSD and S&P 500 futures where price respected the Volume Profile level TWICE! This video is a tutorial on Volume Profile to demonstrate why it is a "cheat code" for finding GREAT LEVELS!
I do not trail stops because when I put a trade on I want it to be at a Support/Resistance: I wan price to HOLD that level. If it holds a GOOD level... it should hold it AGAIN! Just like these two did. You should never have to move your stop up from a Volume Profile level.
$NYSE:QBTS Consolidating between $4 and $5NYSE:QBTS appears to be consolidating between $4 and $5 a share. Lots of buzz right now in the quantum computing space. D-wave has been in the headlines quite a bit along with NASDAQ:NVDA and NASDAQ:RGTI These stocks are generating a staggering amount of daily volume. Which is great when attracting the FOMO crowd!
Looking for a breakout after this closes above the recent highs of $5.38 (with relatively higher volume). If it misses the breakout then I suspect we're in for another cycle of down/up oscillation.
Primary support is at ~$4.15 with the secondary major support at ~$2.77
secondary.
If this bounces down prior to a breakout, there will probably be opportunities to buy on a dip probably in the $4.20 - $4.60 range.
As with anything with a lot of volatility, hang on to your seats!
$NASDAQ:RGTI Breaking outNASDAQ:RGTI appears to be breaking out of sideways consolidation.
My entry target is shown ~$3.55
Support is at $3.00
Serve it Up to $18Liking the volume and the new price action in the last week as SERV is bouncing off the lower linear red trend line. would like to see $18 in the next month.
This is a technical play not a fundamental one; however, Nvidia and Uber investments provide some cushion to the lofty valuation.
Serve Robotics, a $500 million company developing autonomous delivery robots, has attracted investments from Uber and Nvidia, both holding over 20% of the company's shares. Their robots, offering cost-effective solutions for last-mile deliveries, are seen as more efficient than human drivers. Despite high growth, Serve has limited revenue and is currently unprofitable, with losses mounting. The company aims to deploy 2,000 robots by 2025 and expects a huge opportunity in the robot delivery sector, potentially worth $450 billion by 2030. However, its high valuation raises concerns for potential investors.
Gold on daily UHVGold reached on support of daily UHV. If marker failed to break this support, gold will fly again upper level
GBPUSD set to continue downtrend after correction!The price has unsuccessfully completed its second attempt to break through zone of interest and resistance producing a second bounce, supported by an important Fibonacci level. Candlestick formation indicating a potential trend reversal.
Time Frame: daily
Idea support:
- Price action
- Volume Analysis
- Trend analysis
BBRI Is Going To Bottom in Mid-DecemberAfter a constant barrage of selling from March until June, and then quite of a rebound from 4100 to 5600 (almost 40%), BBRI continues to dive almost everyday since mid-September. This is supported by the huge foreign outflow BBRI has been suffering. Last Friday, BBRI's foreign outflow amounts to IDR823 billion. To put into perspective, IHSG Friday foreign outflow is IDR1.6 trillion, which means BBRI accounts for more than half of the outflow from IHSG.
Technical wise, BBRI has now constantly being traded under its 200 day moving average for almost 3 months. BBRI will most likely complete the (iii) wave of the C wave next week around 4100. Volume on last Friday's trading is relatively large. This means selling has not eased yet. I believe BBRI will bottom under 4000 ; 3700-3800
Intraday Levels for Nasdaq 100 Futures - 12/13/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
VELOUSD 12/3/2024VELOUSD Daily Chart Analysis
VELOUSD has exhibited distinct market cycle phases, presenting a strong bullish setup
.
Key Observations
1. Market Cycle Phases:
o From April to July 2024, price underwent a steep downtrend, indicative of a distribution or markdown phase.
o Between July and November, price transitioned into an accumulation phase, consolidating within a defined range.
2. Breakout Confirmation:
o At the end of November/start of December, price broke out of the accumulation range.
o A spike in volume supports the validity of the breakout, and the price has sustained its position above the resistance level for 7 consecutive days, signaling strong buying pressure.
Trade Details
• Position: Long
• Entry: 0.13341
• Stop Loss: 0.11322 (15.13% risk)
• Target: 0.22295 (67.12% potential return)
• Risk-to-Reward Ratio: 4.43
Summary
The breakout from the accumulation range, supported by volume and momentum, suggests a continuation of bullish activity. The setup offers a favorable risk-to-reward ratio for long trades. Careful monitoring of the stop-loss level is recommended to protect against potential retracements.
XAUUSD. Trading within the range.Hey traders and investors!
I expected a correction to 2605.31 and a good buyer's resumption last week, but the correction didn't happen. Let's look at the chart.
A range has formed on the daily timeframe. The upper boundary is 2721.42, and the lower boundary is 2536.855.
The buyer's vector 5-6 has reached the upper boundary of the range. The seller's vector 6-7 is now relevant, with potential targets at 2605.31 (2581.445, 2536.855).
There was a consolidation in the middle of the range, so a buyer's resumption may occur within the 2650-2627 range.
Good luck with your trading and investments!
Technical Analysis of the Chart: Gold Spot/USD (XAU/USD)The provided chart shows a 1-hour timeframe of Gold Spot/USD (XAU/USD). Here's a detailed breakdown of the technical analysis with bullish and bearish scenarios, as well as potential entry and exit points:
1. Key Levels Identified
Resistance Levels (Red Lines):
$2,725.84 (Major resistance zone)
$2,703.95 (Immediate resistance)
Support Levels (Green Zones):
$2,680.08 (Immediate support)
$2,661.07 (Critical support zone)
$2,624.09 (Major support zone)
Volume Clusters:
Large buy/sell volumes visible around $2,703.95 and $2,688.01, suggesting strong participation in these areas.
Delta Volume:
Highlighted delta volume of 169.12% at $2,688.01, indicating heavy bearish selling pressure at this level.
2. Indicators Observed
Trend Indicators:
Price is interacting with a downward sloping EMA/MA, indicating short-term bearish momentum.
The green zone below suggests a strong support base around $2,661.07.
Volume and Order Flow:
Selling pressure has increased recently, visible with a large red cluster around $2,703.95.
Buy volumes near $2,680.08 could indicate a potential accumulation zone.
Price Action:
A lower high formation after touching $2,703.95, signaling bearish sentiment.
However, bullish wicks near the $2,680.08 zone suggest buyers are defending this level.
3. Bullish Scenario
Potential for Upside Movement
Triggers for Upside:
A break and sustained close above the immediate resistance at $2,703.95 could signal bullish momentum.
Continuation beyond $2,725.84 would confirm a broader bullish breakout.
Entry Point:
Aggressive Entry: Above $2,703.95 with confirmation via a bullish candle close.
Conservative Entry: After a retest of $2,703.95 and a bounce higher.
Target Levels:
First Target: $2,715 - $2,725 (key resistance zone).
Second Target: $2,740, a psychological resistance level.
Stop Loss:
Below the $2,680.08 support to protect against fakeouts.
4. Bearish Scenario
Potential for Downside Movement
Triggers for Downside:
Failure to hold $2,680.08 support will open the door for further declines.
A breakdown below $2,661.07 would signal increased bearish momentum.
Entry Point:
Aggressive Entry: Below $2,680.08 after a bearish candle close.
Conservative Entry: On a retest of $2,680.08 as resistance after the breakdown.
Target Levels:
First Target: $2,661.07 (next support level).
Second Target: $2,624.09, a major support zone.
Stop Loss:
Above the $2,688.01 zone to avoid invalidation from quick reversals.
5. Probable Scenarios
Bullish Continuation:
If price holds above $2,680.08, accumulation may occur, pushing price toward $2,703.95 or higher.
Bearish Continuation:
If price breaks below $2,680.08, selling could intensify, targeting $2,661.07 and $2,624.09.
6. Trading Plan:
For Bulls:
Look for signs of strength around $2,680.08, such as bullish engulfing candles or higher lows.
Focus on entering above $2,703.95 for a continuation to $2,725 and beyond.
For Bears:
Watch for rejection candles at $2,703.95 or a breakdown below $2,680.08.
Target the $2,661.07 level and trail profits if selling accelerates.
7. Conclusion
The $2,680.08 level acts as the battleground between bulls and bears.
Traders should wait for confirmation before entering, keeping stop losses tight to manage risk.
CFDs on Silver: Fibonacci Buy & Sell StrategiesFXOPEN:XAGUSD AlexGoldHunter Technical Analysis
Price Action and Key Levels
Current Price: $31.8800
Swing High: $32.2000
Swing Low: $31.8800
Strong High: $32.4000
Strong Low: $31.6000
p1D Low: $31.4500
Fibonacci Levels
0.786: $32.4000
0.705: $32.2000
0.618: $31.8800
0.5: $31.7600
0.382: $31.6000
Volume Profile
The volume profile indicates high trading activity around the $31.8800 level, suggesting strong interest and potential support/resistance.
RSI (Relative Strength Index)
Current RSI: 51.08 and 44.95, indicating neutral momentum.
MACD (Moving Average Convergence Divergence)
MACD Line: 0.0059
Signal Line: -0.0014
Histogram: -0.0073 (negative, indicating bearish momentum)
Buy Strategy
Confirmation 1: Look for a price bounce off the Strong Low ($31.6000) or Swing Low ($31.8800) with increased volume.
Confirmation 2: RSI should be below 30 (oversold condition) and start to rise.
Confirmation 3: MACD line should cross above the Signal line, indicating bullish momentum.
Entry Point: Enter a buy position when the price confirms a bounce off the support level with the above confirmations.
Stop Loss: Place a stop loss below the Strong Low ($31.6000).
Take Profit: Aim for a 1:3 risk-reward ratio. If the stop loss is $0.28 (difference between $31.8800 and $31.6000), the take profit should be $0.84 above the entry point, around $32.7200.
Sell Strategy
Confirmation 1: Look for a price rejection at the Strong High ($32.4000) or Swing High ($32.2000) with increased volume.
Confirmation 2: RSI should be above 70 (overbought condition) and start to decline.
Confirmation 3: MACD line should cross below the Signal line, indicating bearish momentum.
Entry Point: Enter a sell position when the price confirms a rejection at the resistance level with the above confirmations.
Stop Loss: Place a stop loss above the Strong High ($32.4000).
Take Profit: Aim for a 1:3 risk-reward ratio. If the stop loss is $0.20 (difference between $32.2000 and $32.4000), the take profit should be $0.60 below the entry point, around $31.6000.
This analysis provides a structured approach to trading based on technical indicators and support/resistance levels, aiming for a 1:3 risk-reward ratio. Let me know if you need any further assistance or have any questions!
Follow @Alexgoldhunter for more strategic ideas and minds
USDCHF ready to continue the upward move! Hello traders!
Price making a candlestick with a long lower shadow indicating a bounce into support. The downtrend was broken a few candles ago. Price at 61.8% Fib after a correction. Volume and CVD supporting the idea.
Timeframe: daily
Idea support:
- Price action
- Volume Analysis
- Trend analysis
Intraday Levels for Nasdaq 100 Futures - 12/12/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Short Position for BitcoinPossible Head and Shoulders forming on higher timeframe, lets see how it plays out.
Technical Analysis of Gold Spot (XAU/USD) - 1H ChartThe chart reflects a bullish continuation with the price currently trading near $2,713, having broken above key levels of resistance. The market appears to be consolidating above $2,706 (NY Midnight Open), signaling a potential continuation or a pullback before the next move. Below is a detailed analysis of bullish and bearish scenarios with probable entry and exit points.
Key Observations
Trend Overview:
Price is in a strong uptrend, with higher highs and higher lows observed on the chart.
The breakout above $2,706 confirms bullish momentum, with the next major resistance at $2,758.
Support Levels:
$2,706–$2,708: Immediate support zone, aligned with the NY Midnight Open level.
$2,680–$2,685: Secondary support zone, marking the prior breakout area.
$2,661–$2,663: Key demand zone where strong buying activity occurred earlier.
Resistance Levels:
$2,713–$2,718: Immediate resistance zone currently being tested.
$2,740–$2,745: Major resistance zone and breakout target for continued bullish momentum.
$2,758–$2,760: Extended resistance zone, marking the final bullish target.
Volume Analysis:
Buy Volume (3.499M) vs. Sell Volume (878.6K): Indicates strong buying pressure driving the current uptrend.
Delta Volume (119.72%): Suggests buyers remain in control despite some profit-taking at higher levels.
Bullish Scenario
Conditions for a Bullish Move:
Price must sustain above the $2,706–$2,708 support zone and break through $2,718 with strong volume.
Continued buying pressure would likely push the price toward higher resistance levels.
Entry Points:
Aggressive Entry: Buy near the $2,706–$2,708 support zone, with a stop-loss below $2,700.
Conservative Entry: Enter after a confirmed breakout and retest above $2,718, with a stop-loss below $2,710.
Exit Points (Take Profit):
First Target: $2,740 (key resistance zone).
Second Target: $2,758 (extended bullish target).
Final Target: $2,760 (major resistance zone).
Invalidation:
A breakdown below $2,700 would invalidate the bullish scenario.
Bearish Scenario
Conditions for a Bearish Move:
Price fails to break above $2,718, indicating rejection at resistance.
A confirmed breakdown below $2,706 would signal bearish momentum.
Entry Points:
Aggressive Entry: Short near $2,713, with a stop-loss above $2,720.
Conservative Entry: Enter short after a confirmed breakdown below $2,706, with a stop-loss above $2,712.
Exit Points (Take Profit):
First Target: $2,685–$2,680 (secondary support zone).
Second Target: $2,663 (key demand zone).
Final Target: $2,661–$2,660 (extended bearish target).
Invalidation:
A breakout above $2,720 would invalidate the bearish scenario.
Key Indicators to Monitor
Volume Dynamics:
Increasing buy volume above $2,713 will confirm bullish continuation.
Rising sell volume near $2,718 could indicate rejection and a potential pullback.
Breakout or Breakdown Confirmation:
A breakout above $2,718 signals further bullish continuation toward $2,740 or higher.
A breakdown below $2,706 would signal bearish momentum and potential correction.
Candle Structure:
Sustained bullish candles with minimal upper wicks signal continuation.
Reversal candles with long upper wicks near resistance indicate selling pressure.
Summary of Probable Entry & Exit Points
Scenario Entry Zone Stop-Loss Target Levels
Bullish $2,706–$2,708 (Aggressive) or above $2,718 (Conservative) $2,700 $2,740, $2,758, $2,760
Bearish $2,713 (Aggressive) or below $2,706 (Conservative) $2,720 $2,685, $2,663, $2,660
Conclusion
Bullish Outlook: Sustained buying above $2,718 could push the price toward $2,740–$2,760.
Bearish Outlook: Rejection at $2,718 or a breakdown below $2,706 could trigger a pullback toward $2,685–$2,660.
Traders should monitor price action and volume near $2,718 resistance and $2,706 support for confirmation of the next move. Tight stop-losses are essential to manage risk in this breakout/pullback scenario.
KARRATUSD 12/2/2024KARRATUSD Daily Chart Analysis
The chart for KARRATUSD suggests a bullish opportunity with strong technical confirmations. Here’s the breakdown:
Key Observations
1. Bottom Formation and Breakout:
- Price formed a bottom in September 2024.
- The breakout from that formation saw a volume spike and expanding MACD momentum,
resulting in a price surge of just over 100%.
2. Consolidation Phase:
- After the surge, price consolidated into a symmetrical triangle pattern spanning October
through November.
3. December Breakout:
- To start December, price has broken out of the triangle pattern.
- The breakout is validated by:
- Increased volume.
- Expanding MACD momentum, confirming strength in the move.
Trade Details
- Position: Long
- Entry: 0.5627
- Stop Loss: 0.4946 (12.10% risk)
- Initial Target: 0.8133 (44.54% potential return)
- Risk-to-Reward Ratio: 3.68
This setup provides a strong risk-to-reward ratio, supported by clear technical patterns and momentum indicators.
NZDJPY is all set to continue its upward movement! The price is moving within an ascending channel and has just hit the lower limit again, bouncing back up and forming a bullish candlestick with a long lower wick and a small body. This suggests that sellers have made another unsuccessful try to change the trend, even creating a higher low that backs up the uptrend. The price is also bouncing off the 50% Fibonacci retracement level. NZDJPY is moving towards the major volume activity price range around 90.5. On top of that, volume analysis backs this up, indicating that buyers are getting stronger and ready to push the price up.
Time Frame: daily
Idea support:
- Price action
- Volume Analysis
- Trend analysis
EURAUD is all set to continue its downward movement! The price is moving down within a descending channel. Right now, it bounced off the upper boundary and hit a key weekly resistance. A candlestick pattern with a long upper wick and a small body has formed. Plus, there's a rising wedge on the 4-hour chart. A short trade looks good based on price action and backed by volume analysis, which clearly shows a clear exhaustion of buyers.
Time Frame: daily
Idea support:
- Price action
- Volume Analysis
- Trend analysis
#JUBILANT FOODWORKS LTD#JUBLFODD Make Rounding Bottom Chart Pattern
Buy - If daily price close above 715
Stop Loss - 630
Target - 875
Duration - 2 to 3 Month
Fibonacci Trend Trading Strategy for NVIDIA (NVDA)Objective:
To capitalize on the momentum following a breakout or breakdown from key Fibonacci levels, particularly focusing on the 0.764 level which NVDA has recently broken down from.
Strategy Outline:
Setup:
Timeframe: Daily chart for broader trend analysis.
Indicators: Fibonacci retracement levels (0, 0.236, 0.382, 0.5, 0.618, 0.764, 1.0).
Lookback Period: 90 days for calculating Fibonacci levels.
Entry Conditions:
Long Position:
Enter when the price crosses above the 0.236 Fibonacci level after a recent dip below 0.764, indicating a potential reversal or strong bullish momentum.
Short Position:
Enter when the price breaks below the 0.764 level, as seen in your chart, signaling a strong bearish trend or continuation of the downtrend.
Exit Conditions:
Long Exit:
Exit if the price breaks below the 0 level or shows signs of reversing back below the 0.236 level.
Short Exit:
Exit if the price breaks above the 1.0 level or shows signs of reversing back above the 0.764 level.
Risk Management:
Stop Loss:
For longs, place a stop loss just below the 0.236 level.
For shorts, place a stop loss just above the 0.764 level.
Position Sizing:
Adjust based on your risk tolerance, but typically, risk no more than 1-2% of your trading capital per trade.
Additional Confirmation:
Use RSI (Relative Strength Index) for confirmation:
For longs, ensure RSI is not in the overbought territory (>70).
For shorts, ensure RSI is not in the oversold territory (<30).
Trade Execution:
Long:
Execute buy order when the price closes above the 0.236 level with a confirmed upward trend.
Short:
Execute sell order when the price closes below the 0.764 level, confirming the bearish trend.
Monitoring:
Regularly monitor the positions for any unexpected news or volume spikes which could affect the stock's movement outside of the technical setup.
Strategy Rationale:
The Fibonacci levels provide clear support and resistance zones which are crucial for trend analysis.
Breaking below a significant level like 0.764 often indicates a strong bearish sentiment, while bouncing back from such levels could signal a bullish reversal.
Using RSI helps in avoiding false breakouts or breakdowns by ensuring the market isn't already overbought or oversold.
This strategy leverages both technical analysis and risk management to trade NVIDIA based on its recent price action against Fibonacci levels, aiming for high probability setups with defined risk parameters.
Technical Analysis of Gold Spot (XAU/USD) - 1H ChartThe chart reflects a bullish rally, with price now testing resistance at $2,693 after breaking out of consolidation near $2,675. The key levels and volume dynamics suggest potential continuation or a pullback before the next significant move. Below is a detailed analysis of the bullish and bearish scenarios.
Key Observations
Trend Overview:
The price is in an uptrend, breaking out of prior consolidation and establishing higher highs and higher lows.
The NY Midnight Open at $2,698 is acting as a short-term resistance pivot.
Support Levels:
$2,675–$2,677: Immediate support zone, aligned with the breakout level.
$2,662–$2,665: Secondary support level, also the prior consolidation range.
$2,624–$2,626: Major demand zone, where strong buy-side activity occurred.
Resistance Levels:
$2,693–$2,698: Immediate resistance zone, currently being tested.
$2,713–$2,720: Key resistance level and breakout target for bullish continuation.
$2,740–$2,760: Extended resistance zone, marking an ultimate bullish target.
Volume Analysis:
Buy Volume (3.061M) vs. Sell Volume (508.77K): Indicates strong buying activity driving the rally.
Delta Volume (143%): Suggests dominance of buyers, with sell-side absorption near resistance.
Bullish Scenario
Conditions for a Bullish Move:
Price must break above the $2,693–$2,698 resistance zone with strong volume.
Sustained buying pressure above $2,698 will confirm bullish continuation.
Entry Points:
Aggressive Entry: Buy near the $2,675–$2,677 support zone, with a stop-loss below $2,670.
Conservative Entry: Enter on a confirmed breakout and retest above $2,698, with a stop-loss below $2,690.
Exit Points (Take Profit):
First Target: $2,713 (key resistance zone).
Second Target: $2,740 (extended bullish target).
Final Target: $2,760 (major resistance zone).
Invalidation:
A breakdown below $2,670 would invalidate the bullish scenario.
Bearish Scenario
Conditions for a Bearish Move:
Price fails to break above $2,698, indicating rejection at the resistance.
A confirmed breakdown below $2,675 would signal bearish momentum.
Entry Points:
Aggressive Entry: Short near $2,693, with a stop-loss above $2,700.
Conservative Entry: Enter short after a confirmed breakdown below $2,675, with a stop-loss above $2,685.
Exit Points (Take Profit):
First Target: $2,662–$2,665 (secondary support zone).
Second Target: $2,624 (major demand zone).
Final Target: $2,595 (extended bearish target).
Invalidation:
A breakout above $2,700 would invalidate the bearish scenario.
Key Indicators to Monitor
Volume Behavior:
Increasing buy volume above $2,693 confirms bullish strength.
Rising sell volume near $2,698 signals potential rejection.
Breakout/Breakdown Confirmation:
A breakout above $2,698 signals bullish continuation.
A breakdown below $2,675 signals bearish reversal.
Heikin Ashi Candles:
Sustained green candles with larger bodies confirm bullish momentum.
Red candles with long upper wicks near resistance indicate selling pressure.
Summary of Probable Entry & Exit Points
Scenario Entry Zone Stop-Loss Target Levels
Bullish $2,675–$2,677 (Aggressive) or above $2,698 (Conservative) $2,670 $2,713, $2,740, $2,760
Bearish $2,693 (Aggressive) or below $2,675 (Conservative) $2,700 $2,665, $2,624, $2,595
Conclusion
Bullish Outlook: A breakout above $2,698 could lead to a rally toward $2,713 or higher.
Bearish Outlook: Rejection at $2,698 or a breakdown below $2,675 could trigger a decline toward $2,665–$2,595.
Traders should closely monitor price action at the $2,698 resistance and $2,675 support levels for confirmation of the next move. Managing risk with tight stop-losses is essential in the current breakout/rejection scenario.
