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Wave Analysis

NVDA - Trading above key resistance - Will it hold?It's a great day! Quick update on our little friend NVDA. We fell below the KEY support level of $118 in late August, but we recently reclaimed that level yesterday. Now that we are here, we need to stay above that $118 level and with today being Friday, it's even more important that we stay above $118 at market close. Barring some resistance levels that still exist above us (compared to SPX and NDX where we've already reached those levels - more on that in the video commentary), I have placed a bullish price target at $146. From a bearish stance not discussed in the video, I have a target of about $84 if October ends up being bearish. At this point, the probability is to the upside but that can obviously change at a moments notice. Take your trades with precision and a plan. Have a plan when you're trading and stick with that plan. I tend to ask myself "Is this trade still valid?" or "Is the reason why I entered this trade still true?". These are the questions that will define you as a trader. Investing is a different animal. If you like the company, you should have added to your position below $100 because that was a gift (in your eyes). If you're a trader, the same should have been true, but the reasons for staying in the position are different for traders vs investors. More on that another day. Thanks for reading and please comment below if you have any questions!
NASDAQ:NVDALong
by bitdoctor
Trends and Potential Trades in GBPUSD, EURUSD, and USDJPYThis morning's analysis focuses on the current state of play in GBPUSD, EURUSD, and USDJPY. The overall trend for the USD remains downward, and this week has seen a continuation of that trend. GBPUSD & EURUSD In the short term, there is potential for a sell trade (Secondary Trend) as a retracement of the recent bull run towards the buy zone of the bullish wave. USDJPY We have observed a strong downward move to T1, and price action on the 15-minute chart suggests a potential buying opportunity after liquidity was grabbed at the low of the Tokyo session. Buying USDJPY (Secondary Trend) is a possibility, as the wave structure 2 is approaching its low, with wave 3 correction expected to be the next phase. Happy Trading!
by Charts247TradingAcademy
TESLA: Monthly - 4 hour : what is going on: Up ? Down and Where?Good evening everyone I have created video 1 of 2 for today's analysis of the market. So far we are seeing a bullish trend up however from our perspective we are still bearish transitioning into a possible bullish scenario. I give a break down of the market from the new info provided plus wait till the end to see where the market will possibly go to so you will be a more educated trader. Follow the market Happy Hunting Traders MB Trader
NASDAQ:TSLA
by Mindbloome-Trading
Markets Finding Equilibrium Before FOMCAll major indexes and broad market advancing today with the US CPI/PPI combo causing some big recoveries since the post Labor Day selloff. Momentum goes to the bulls for now until price proves otherwise. FED likely to cut 25 bps next week with more to come by end of year. It's amazing how quickly sentiment can shift like it did with Aug 1-5 and after, and again Sep 3-6 and after. I hope you enjoy today's video. Friday's close for the day and week will be important and perhaps it's all quiet on the western front heading into FOMC next week where price can be excitable and volatile, but we'll do our best to navigate everything. Thanks for watching!!! See you in the markets.
AMEX:XLRE
by ChrisPulver
1
SPY/QQQ Plan Your Trade For 9-12 : BreakAway PatternMuch like yesterday's pattern, today is a Breakaway pattern for the SPY. I believe today's price move will be more muted than yesterday's big rally off the 540 lows. Combining the 830 jobs data with price expectations is difficult. I believe jobs data will be relatively soft, and traders will interpret that as the Fed may decrease rates before the end of this year. But I believe traders will be wrong, and the markets will flatten out this afternoon (after some morning volatility). Ultimately, the Fed is very confident that it will leave rates where they are unless something breaks. And because of that, I believe traders are trying to WISH the Fed into making a move. Because of this dynamic, I believe hedge assets will continue to melt upward and we will move into a fairly consolidated price period between now and the Nov 5 election. Overall, I believe most of today's price action will take place before Noon ET. Buckle up and prepare to take the afternoon off if my research is correct. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDLong
by BradMatheny
SPX - Clear View to All Time High? Not so fastGood morning nerds! Alright, quick 5 minute update on SPX. There's a motto for the update today and that is "We are not out of the woods yet!" We've seen a decent move the last two days off the 5400 test last Friday but even though it looks decent, a lot still needs to happen. We're still trading below the 21 day exponential moving average in a month that tends to be bearish or at least corrective. A bullish August into a bearish September seems to rhyme with prior price action from previous years. Ideally a move back to test that 5400 level would be preferred before a move back to ATH, however if we happen to get back into the distribution zone before retesting 5400, then it's likely we will move to 5800 and probably higher. If we get back to 5322-5400 beforehand, then that 5800 target by EOY becomes more realistic. You gotta let the market breathe and especially in these months, you need to be a little more conservative with your positioning solely based on the season that we are in.
SP:SPXLong
by bitdoctor
Bitcoin Smart money part 1Here is a little post on why the SMC ideas are part of the bigger picture - I wasn't sure if these new video ideas are capped to 15minutes. Sure I read that somewhere. I'll do another video in the next few days either way. For now I think we are still busy going NOT FAR. Link to other post; Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years' experience in stocks, ETF's, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
COINBASE:BTCUSD
by Mayfair_Ventures
7
Microsoft - Correction Is Not Over Yet!Microsoft ( NASDAQ:MSFT ) can still drop a little lower: Click chart above to see the detailed analysis👆🏻 It seems like the correction on Microsoft is not over yet and following previous price action and market structure, a move back to the previous triangle breakout level seems to be quite likely. However Microsoft still remains in an overall bullish market so looking for long setups is best. Levels to watch: $350 Keep your long term vision, Philip (BasicTrading)
NASDAQ:MSFTLong
by basictradingtv