SNOW - Stock is making a head and shoulders breakdown pattern on daily time frame. Stock held $160 gap entry level. if fails we have earnings gap fill to the downside to $133.85. Stock has 50 EMA at $150 which is another support level to watch. $168.50 level is key resistance break for upside move.
The chart depicts Starbucks Corporation (SBUX) on the daily timeframe, showing a recent breakdown from a rising wedge pattern. The price has sharply fallen below key support levels and moving averages, suggesting a shift in momentum to the downside. Here's a detailed walkthrough of the analysis: Key Observations: 1. Trend Analysis: Rising Wedge Breakdown: The chart highlights a breakdown from a rising wedge, a bearish reversal pattern, indicating potential for further downside. The price has decisively broken below the lower boundary of the wedge, confirming the bearish momentum. Bearish Momentum: SBUX is now trading below the 200-day moving average (red line) and other short-term EMAs (8 EMA, 21 EMA), which aligns with a bearish trend. 2. Support and Resistance Levels: Resistance Levels: 92.28-93.01: A key resistance zone aligned with prior dark pool activity and broken support, likely to act as a ceiling for any short-term rebounds. 95.79: Previous support turned resistance, near the 200-day moving average. 98.60: A strong resistance area near recent highs. Support Levels: 87.00: Immediate support zone, tested recently with increased volume. 80.24-79.15: Major support area, aligning with historical levels and dark pool prints. Below 79.15, the next significant level is 75.00, a psychological support area. 3. Volume Analysis: A volume spike accompanies the recent sell-off, indicating strong selling pressure. However, this could also signal capitulation if buyers step in near support levels. 4. Moving Averages: The price is trading significantly below the 200-day moving average, confirming bearish sentiment. Short-term moving averages (8 EMA, 21 EMA) are sloping downward, suggesting that bearish momentum may persist. 5. Dark Pool Activity: Recent dark pool levels around 93.01 and 92.28 may act as resistance if the price attempts a rebound. Additional dark pool levels at 80.24 and 79.15 suggest institutional interest, making this area a critical support zone. Trade Setup: Scenario 1: Bearish Continuation Trigger: If the price fails to reclaim the 92.28 resistance level and continues lower, the bearish trend is likely to persist. Profit Targets: 87.00: Immediate short-term target. 80.24-79.15: Strong support zone with significant institutional interest. 75.00: Longer-term bearish target. Stop-Loss: Above 93.50, as a break above this level would signal potential bullish recovery. Scenario 2: Bullish Reversal Trigger: A breakout above 92.28, accompanied by strong volume, would signal a potential reversal or relief rally. Profit Targets: 95.79: Resistance near the 200-day moving average. 98.60: Strong resistance zone near recent highs. Stop-Loss: Below 87.00, as a failure to hold this level would invalidate the bullish setup. Scenario 3: Range-Bound Consolidation If the price consolidates between 87.00 and 92.28, consider: Long positions near 87.00, targeting 92.28. Short positions near 92.28, targeting 87.00. Volume and candlestick patterns will help confirm the direction of the breakout. Final Thoughts: Short-Term Outlook: Bearish momentum is strong, with the immediate downside target at 87.00. If this level breaks, watch for a move toward 80.24-79.15. Long-Term Outlook: The dark pool levels near 80.24-79.15 suggest strong institutional support. If the price reaches this zone, it could provide a significant buying opportunity for long-term investors.
The cup and handle pattern is made up of two "cups." A big one on the left and a smaller one on the right. This would be equivalent to a major low followed by a strong higher low. Where the first big cup ends becomes a resistance point. The neckline of the pattern. This week the action is moving strongly above this resistance; resistance conquered = bullish confirmed. The week is very close to its end. Notice how there was a strong bullish week in November but the session closed below the neckline of the pattern. After several weeks of consolidation, this resistance fails to keep prices down; up we go. That's the local resistance and it is now broken. This is also a long-term resistance. The cup & handle pattern has already been explained. The last part is the targets, this is what I wanted to show you because it is already obvious that prices are going up. But, how far up can it go? It can go really, really high but we have some preliminary levels on the chart. These can be hit within 1-3 months or 3-6 months. The second target gives 629% potential from current price. From the market bottom to this target, total growth would be equal to 6,500%. The third target gives a potential of 1,101%. Thank you for reading. Namaste.
BTC.D is retesting a crucial local resistance at 59.25-59.31%. I expect a rejection from here, giving alts a relief rally
Looking for a bullish scenario for Dash, this cup and handle could play out bringing the crypto price to roughly $120 per coin.
Lets look at what the painfully accurate barometer of BTC MVRV has to say about it. MVRV has been a reliable indicator of froth and lulls and by the looks of it seems there is still some juice left before the Bull market is over
Instrument: XAUUSD Timeframe: 4H Market Context ? - XAUUSD continues to trade within a medium-term range established on November 14. - This week opened near the middle of the range following last week’s bearish reversal, with price continuing to face downward pressure. Key Observations ?️♂️ Weekly Open Dynamics: - Price opened near 2650 (weekly open), testing the highs before printing a Short-Term High (STH) with a strong bearish engulfing pattern on Monday. Midweek Breakdown: - Price consolidated above 2650 before breaking down during Tuesday's London session, closing below the recent Short-Term Low (STL). - A slight retracement occurred into the breakdown zone, followed by continued bearish momentum. Wednesday Expansion: - A bearish expansion broke below the Long-Term Low (2605) at 5:00 AM, creating a significant move. Price stayed within this expansion range until the weekly close near 2625. Learnings ? - Shorts above 2650 targeting below 2600 were the optimal play this week. - Consolidation at key levels (e.g., 2650) provided clear clues for directional moves. - The midweek expansion highlighted the importance of monitoring price action near round numbers and reacting to high-impact news events. Next Steps ? Monitor Key Price Action Patterns: - Focus on consolidations near significant round numbers like 2650. - Watch for breakdowns followed by retracements into prior zones before continuation. Integrate This Week’s Insights: - Apply observations from this week’s price behavior: - Early-week consolidation above 2650 before the breakdown. - Midweek expansion below 2600 followed by profit-taking into the weekend. Plan Around High-Impact News: - Use the economic calendar to anticipate volatility and key moves. - Develop strategies to capitalize on post-news directional shifts, particularly during major announcements like Core PCE and FOMC events. News Recap ? - Monday: Flash PMI readings. - Wednesday: FOMC rate decision, projections, and press conference. - Friday: Core PCE Price Index (0.1%) and UoM Consumer Sentiment (74.0). Let’s carry forward these lessons to approach next week with clarity, focus, and discipline.#XAUUSD #Gold #TechnicalAnalysis #PriceAction #Trading
The S&P 500 (SPX) since its all-time high appears to be forming a series of "one's" and "two's " to the downside. This could be the prelude to a very large decline in early 2025. Short-term the SPX could rally into the low 6,000 area soon. If so his could be an important peak.
This is a great example of a strongly bullish chart. The low was in August and in December we get a higher low. Even if by one satoshi only a higher low is a higher low and works as a bullish signal. Technically speaking, it is a double-bottom but can be considered stronger because it reversed right before reaching the previous support level. Let's keep it simple shall we? It is going to grow a lot. The second signal is the previous bullish wave. The long upper shadow on the 11-Nov. session shows that resistance has been removed. On the next bullish jump, we get a higher high. In this chart and in this case, this can mean 243% to 420% potential for profits. Long-term there can be more. Thank you for reading. Namaste.
BINANCE:SOLBTC BINANCE:SOLETH CRYPTOCAP:SOL So everyone is yelling and screaming about SOL - Lets take a look at the weekly chart and take a deep breath. COINBASE:SOLUSD - ATH was already hit at around $264. Chill