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Wave Analysis

AAPL Technical Analysis for Oct. 28, 2024Key Levels: Resistance Levels: $232.00: Recent overhead resistance; a strong breakout above this level may signal bullish momentum. $237.23: A significant resistance level where a potential reversal may occur. Support Levels: $230.05 - $227.75: This area shows a cluster of recent support. A breakdown below $227 could see further downside. $224.00 (Approx): Lower support boundary if price weakens further. Indicators: Volume: Elevated volume suggests active trading, but observe if there's declining volume on a pullback, which could imply consolidation. MACD (lower panel): Shows potential bearish momentum, though it’s near the zero line, indicating a weak trend that may go either way depending on volume. Suggested Trading Plan: Bullish Scenario: Look for a strong breakout above $232 with volume, targeting $237 for a quick scalp. Consider a stop-loss around $230 to manage risk. Bearish Scenario: If the price breaks down below $227 with increasing selling volume, consider entering a short position, targeting $224, with a stop around $230. Short Disclaimer: "This analysis is for informational purposes only and not financial advice. Always conduct your own research before making trading decisions."
NASDAQ:AAPL
by BullBear-Insights
PLTR Technical Analysis for Oct. 28,2024Here’s a technical analysis for PLTR ahead of tomorrow’s trading session: Trend and Price Action: PLTR shows an uptrend with a strong upward move recently, consolidating just below resistance levels. The trendline in place could act as dynamic support if there’s a pullback. Support and Resistance Levels: Resistance: Key resistance lies around $45.07, and a break above this could signal further bullish momentum, targeting higher levels in the $46-$47 range. Support: Immediate support is around $43.67, with a stronger zone near $42.50–$42.06, where buying interest may step in. MACD Indicator: The MACD appears to be approaching a crossover point. A bullish crossover could reinforce upward momentum, while a bearish crossover might indicate consolidation or a pullback. Volume: The recent increase in volume aligns with upward momentum, signaling buying interest. However, if volume decreases during consolidation, it could suggest an imminent breakout or breakdown. Suggested Strategy Bullish Scenario: If PLTR breaks above $45.07, consider entering with a target of $46, with stops below $44 for risk management. Bearish Scenario: If PLTR retraces, look for support around $42.50–$42.06 to consider long entries. A breakdown below $42 could signal a change in trend. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research or consult a professional before making any trading decisions.
NYSE:PLTR
by BullBear-Insights
Gold Price Analysis for the Past WeekOver the past week, the gold price has experienced significant fluctuations. After a sharp decline, the price rebounded and is currently at 2,747.215 USD according to the chart. Here is a detailed analysis of the factors affecting gold prices, technical chart patterns, and projections for the upcoming trend. 1. Price Fluctuations Summary for the Week Early in the Week: Gold prices began to rise sharply due to increased demand for safe-haven assets amidst negative global economic news. Midweek: Gold faced downward pressure as the USD strengthened but remained within strong support levels. End of the Week: Gold prices recovered due to expectations of interest rate cuts from central banks and concerns about an economic recession. 2. Factors Affecting Gold Prices Economic Concerns: Reports indicate that the global economy is struggling, driving investors towards safe-haven assets like gold. Low Interest Rate Expectations: Central banks are inclined to maintain or lower interest rates to support the economy, fueling upward momentum for gold prices. Weaker USD: A slight depreciation of the USD supports gold prices by increasing purchasing power for those holding other currencies. 3. Technical Analysis Short-Term Uptrend: The chart shows that gold has broken through a symmetrical triangle pattern, confirming the potential for further price increases. Support and Resistance Levels: Currently, the primary support zone is at 2,733 - 2,736 USD. Gold has bounced strongly from this area, indicating a good buying zone. The next resistance area is around 2,755 - 2,760 USD. Moving Averages: The 50 and 200 MA lines on the 1-hour chart indicate a bullish signal as the short-term MA crosses above the long-term MA, reinforcing the current upward momentum. 4. Gold Price Forecast Based on news factors and technical patterns, gold is likely to continue its upward momentum toward the 2,760 USD resistance area and potentially higher if this level becomes a new support for XAUUSD.
OANDA:XAUUSDLong
by Pierce_Bowers
EURUSD Continues Strong DowntrendEURUSD remains firmly in a downtrend as critical technical factors and resistance levels signal persistent selling pressure. According to the chart, EURUSD is currently hovering around 1.07936 USD, with key resistance zones hindering any recovery attempts. Technical Analysis Strong Resistance at Fibonacci 0.5 - 0.618: The Fibonacci retracement levels at 1.08128 - 1.08068 USD form a crucial resistance zone. The price encountered heavy selling pressure here, unable to break through to the upside. Downtrend Confirmed by EMA: The Exponential Moving Averages (EMA) indicate a bearish trend, with the price staying below these levels. This reinforces the dominance of selling pressure in the market. Support Level at 1.07607 USD: Should the downtrend persist, EURUSD is likely to target the next support level at 1.07607 USD. This area may attract buying interest but is unlikely to reverse the overall trend. Short-Term Forecast Given the strong resistance and EMA signals, EURUSD is expected to continue its downward momentum. Traders might consider a selling strategy if the price faces resistance around the Fibonacci levels, with a take-profit target near the 1.07607 USD support.
Short
by Pierce_Bowers
NIFTY50: INSTITUTIONAL LEVELS FOR 28/10/2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:NIFTY
by tony_fx_sm
BANKNIFTY: INSTITUTIONAL LEVELS FOR 28/10/2024QUICK GUIDE - Use 5 minute timeframe - Try to take enters at retest - Use multiple confirmation - Read full description before investing - Try to take ATM options or above Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and exit points - In this pair of lines with two colors are given (RED AND BLUE) - In this the blue line is used to take long entry and the red line is used to take short entry (But it is all based on a more conformation from your trading plan) Stop Loss/Take Profit: Stop Loss - According to this, if you take a long trade, its stop loss will be the red line just below ( A trade can exit either when the price crosses the red line or the 5 minute candlestick crosses the red line. (This can be done according to your preference) ) - A short entry should use the opposite rules to a long entry Take Profit -When you take a long entry according to the profit to be booked is on the next red line above. ( Or if there are other reasons, it can be a safe exit ) - Opposite rules for booking profit on long entry are to book profit on short trade. ( The blue line above is the stop loss of short entry ) Timeframe: According to this, the time frame you should use while taking trades is 5 minutes time frames . (5 minute time frame works well in this) Risk Disclaimer: Trading carries significant risk and is not suitable for all traders. You may lose some or all of your capital in a matter of minutes or hours. Market conditions can change rapidly, and prices can move against you quickly. You may not always be able to exit at a favorable price, and you may be required to hold a position overnight, exposing yourself to additional risk. Day trading involves high risk, high leverage, and high stakes, and you should only trade with funds you can afford to lose. Please carefully consider your financial situation, risk tolerance, and trading objectives before engaging in day trading. Engagement: Share your insights, ask questions, and learn from others in the community. Whether you're a seasoned pro or just starting out, we're all in this together. What's your take on the current market conditions? Which trading strategies are working for you? Let's discuss and help each other grow as traders! Comment below and let's get the conversation started! Original Content: This trading setup is the result of my own innovation and expertise, and is not based on any publicly available information or third-party systems. It is a reflection of my dedication to developing a competitive edge in the markets.
NSE:BANKNIFTY
by tony_fx_sm
SPY Technical Analysis Oct. 28, 2024Detailed Support and Resistance Levels Support Levels: 574.36: This is a crucial support level. If SPY stays above this level, it may serve as a solid base. If it breaks below, expect further downward pressure. 571.35: This is the next key support level. A break below this could indicate a stronger downtrend, potentially bringing SPY down to lower price ranges. Resistance Levels: 577.75: This is the immediate resistance SPY would need to break to regain bullish momentum. If SPY can close above this level, it could show buyers are stepping in. 579.24: This level will be a strong resistance point if SPY attempts to break upward. A successful close above this would suggest a short-term reversal. 581.16: If SPY breaks through previous resistance levels and trades above this one, it may confirm a reversal and could serve as a potential exit for bullish positions. Entry and Exit Points Bullish Scenario (if SPY breaks resistance): Entry: Consider entering a long position around 578 if SPY breaks above 577.75 with strong buying volume. Exit: Set an initial profit target at 581 (near the next resistance), with a potential higher exit target at 585 if momentum continues upward. Stop Loss: Place a stop loss slightly below the 577.75 resistance (around 576) to limit downside risk. Bearish Scenario (if SPY breaks support): Entry: Consider entering a short position around 574 if SPY breaks below 574.36 with strong selling volume. Exit: Set an initial target at 571 for a quick scalp. If SPY moves further down, consider a final target near 568. Stop Loss: Place a stop loss slightly above 574.36 (around 575.5) to prevent excessive losses in case of a quick rebound. Neutral Scenario (Range-bound play): If SPY remains between 574.36 and 577.75, it may be suitable for quick, range-bound trades. Buy near support (574.36) and sell near resistance (577.75) with tight stops to manage risk. Summary Strategy Bullish bias: Enter around 578, targeting 581 or 585. Bearish bias: Enter around 574, targeting 571 or 568. Range-bound play: Trade between 574.36 and 577.75 for quick scalps if no breakout occurs. Disclaimer: This analysis is for informational purposes only and is not financial advice. Market conditions are volatile, and trading involves risk. Always consult with a financial advisor before making any trades.
AMEX:SPY
by BullBear-Insights
XAGUSD (Silver) still BullishMonthly Chart The monthly candle is still bullish. Weekly Chart Weekly candle closed as indecision candle while the trend is still bullish and we are expecting the price to at least retrace towards the middle of previous IPA (or FVG) candle of previous week and then resume higher. Next Target above 35.15 level. Daily Chart We will be looking a bullish structure around 32.47 or slightly lower for a buy entry. Next target around 35.15 level.
TVC:SILVERLong
by PropSignals
EURAUD Bullish move**Monthly Chart** The monthly candle is expected to close bullish after it tested the low at around 1.6000 (round number). **Weekly Chart** Last week's candle closed bullish indicating a bullish trend to continue at least to test the manipulation candles (order blocks) at 1.66000 level. **Daily Chart** Look for a bullish structure as the price retraces in the lower time frames, such as H4 and H1, for one more push to the upside. 300+ pips are expected in this move.
Long
by PropSignals
Palantir UpdatePalantir made a new high on Friday which could mean a couple of things. According to the white count, the first is that the wave (iv) was really short and shallow. If the relationship between wave (ii) and (iv) is to be standard, then this is most likely NOT the case. Should the white count prevail, then we would ideally target the 1.0 @ $57.07 to conclude wave 3 before kicking off wave 4, targeting the 0.786 @ $43.16. The turquoise labels suggest that we're within wave (iii) still. If this is the case, then then we would still target the 1.0 followed by a drop to the 0.786. The main difference is what degree the count is in, and what comes next. If turquoise prevails, then I would expect it to follow the turquoise line to conclude wave 3 before wave 4 would ideally take us back down to the area of the 1.0 @ $57.07. In short, the white wave 3 targets the 1.0 @ $57.07, while the turquoise count targets the 1.382 @ $93.95 for the conclusion of wave 3. We will know in the days / weeks to come, but these two counts are the most probable to me at this time. Both have the same longer-term target; they just differ on how we get there.
NYSE:PLTR
by TSuth
2
GOLD OPENING GAP AND NEXT MOVE!On Monday's Asian opening session, we observed a significant opening gap in the XAU/USD market, with the opening price at $2732 and the closing price on Friday near $2747. I anticipate that the gold price may dip to the highlighted support level before resuming its upward trend. This movement could potentially fill the gap and retest the highs around or above $2750. A well-managed long position in this scenario could yield a profit of 100-200 pips.
ICMARKETS:XAUUSDLong
by traderchamp_
APTOS, DO NOT MISS THIS ONE 600%+Absolutely beautiful leading diagonal on APTOS formed which will be the wave 1 of the second scale of the macro wave 1. This will be a huge move triggering the first wave 3. I'm expecting a minimal target for the completed wave of $48+! I'm scaling in heavily starting from the unlikely to hold fib 0.382 (probably a strong bounce) but hitting hard at 0.5 & golden zone. If it actually starts holding above the wave 1 high & golden zone and we get a very rare shallow wave 1 correction, i'll ape in also. See you at $48 boys!
Long
by Gojira-san
BTC targets of the Bullish scenarioBTC is going to get, like Solana, at the beginning of this next month of November, an all-time high. And breaking through $73,650.00 there opens the way for the final leg of the bull run. This leg could extend to the end of the first half of the year or even the second half of 2025. I don't believe it will go beyond that. This would be my deadline for this bull run, of course, I'm not a fortune teller, but considering the variable income market, especially the S&P500 and Nasdac, they are already extended in a possible final 5th wave. Consider managing debris with a trailing stop or with a stop at the low of the daily chart, starting in the first half of 2025.
Long
by Chemintrader
Guacamole Giving Multiple Buy SignalsThere are very few coins rn now that are flashing buy signals at me, but GUAC is one of them. Also, it flashed the buy signal twice. The last time GUAC flashed my buy signal at me multiple times (4 to be exact), it rocketed up over 200%. Whether or not you would have DCA'ed in, you have been in the profit at the point at which my indicator then gave a sell signal. The next time it gave us a buy signal, it made over 100% gainz. My followers and I took profits right around 88%. And now recently we once again have two GREEN DOTS, telling us GUAC will soon make a move. This move may be days away or it may be weeks but be prepared to make some nice profit either way.
GLong
by stewdamus
Solana this is the movement! The beginning of it.Solana is looking for the target of $205. It will probably reach it in early November. If the script is this - Bullish as it is being drawn, we will have a next bullish leg that can take us to $1,500 with a stop before at least $500.00. This movement I refer to is a measure of the movement of the first bullish leg of this bull run. Nothing is that exact and the next leg may not reach $1,500, so when it hits $500, it will be partial and we will enter the pullback again and place a trailing stop below the low of the daily chart.
Long
by Chemintrader
4