TSLA - Stock close right around 0.786 fib level. Next level at $455. Do see some resistance at $430 before it goes there. Stock having an amazing this week. looking for calls above $430. Today BMW Called Tesla FSD 'Very Impressive,' Gary Black Says Automakers Will Eventually License It: 'One Deal Will Cause Others To Follow'. Indicating more business for the company.
Technical Indicators: Price Movement: The current price is around $100,891.5. Exponential Moving Average (EMA): The 200-period EMA is at $92,525.3, which indicates a long-term bullish trend as the price is well above the EMA. Chart Patterns: Rising Wedge: The chart shows a rising wedge pattern, which is typically a bearish reversal pattern. The price is nearing the upper boundary of the wedge. Support and Resistance Levels: Immediate Resistance: Around $101,275 (recent high). Immediate Support: The lower boundary of the rising wedge, currently around $100,000. Major Support: Around $92,525.3 (200 EMA) and $86,752.2 to $85,207.4 (horizontal support levels). Bullish Scenario: If the price breaks above the upper boundary of the rising wedge and surpasses the recent high at $101,275, it could signal a continuation of the bullish trend. The next potential target could be around $105,000. Bearish Scenario: If the price fails to break above the resistance and falls below the lower boundary of the rising wedge, it could indicate a bearish reversal. In this case, the price may test the 200 EMA at $92,525.3 and the horizontal support levels at $86,752.2 and $85,207.4. Volume: The chart does not provide volume details, but volume is crucial to confirm any breakout or breakdown. A breakout above the resistance with high volume would be a strong bullish signal, while a breakdown below the support with high volume would confirm the bearish reversal. Conclusion: Currently, BTC is at a critical juncture within a rising wedge pattern. Traders should watch for a breakout above $101,275 for bullish confirmation or a breakdown below the wedge for a bearish signal. Pay attention to volume during these movements to confirm the validity of the breakout or breakdown.
XAUUSD is showing promising momentum as we aim for a long position, anticipating a steady climb back to the target we successfully achieved yesterday. Patience and strategy align for another potential win!
Nasdaq trading insights: Not signals, but informative zones to aid your decision-making. Please note: These zones are not trading advice. Use them as a starting point for your own analysis.
The Elliott Wave Principle suggests a guideline of alternation between corrective waves, particularly between wave 2 and wave 4 of an impulsive wave sequence. This principle helps us identify the nature and behavior of these waves to better understand market structure. These alternations may occur in many forms, for example: Nature of corrections (sharp or shallow), Depth of correction, Structure of correction (flat or triangle, combinations etc) and Time duration of correction (quick or longer corrections). The alternation helps us anticipate the likely form of wave 4 based on wave 2’s behavior to enhance forecasting accuracy. So from these theory of alternation together with the rules around the wave principle, Looking at USDJPY at this level of price we have reached the deepest level of correction wave 4 can go. If the formation is correct, then wave 4 should not go beyond the red line. It made sense to me to take a short at the 50% fib retracement to tighten the SL however it is advisable to wait for confirmations, so saying I do believe there is still a plenty of chance for entry.
https://www.tradingview.com/x/L5pWIdNO/ I think that CHFJPY may retrace from a key daily horizontal resistance. I spotted a formation of a symmetrical triangle pattern on an hourly time frame after its test. The breakout of its support line indicates a local strength of the sellers. We can expect an intraday bearish movement at least to 171.82 level. ❤️Please, support my work with like, thank you!❤️
While on smaller frames there is some room to move up, TGT continues to display bearish characteristics. With the large gap on the daily frame, expect a drift up until earnings, then i expect it to continue the trend down to $69 in respect to the measured move
Everything is lining up. The levels and divergence. Can load up Tata Consumer, with a target of around 1018. That is like 10% gain. I expect it reach this target within this month. My conviction for this trade is 8/10.
Gold trading insights: Not signals, but informative zones to aid your decision-making. Please note: These zones are not trading advice. Use them as a starting point for your own analysis.
As Bitcoin flirts with the monumental $100,000 mark, the crypto world is abuzz with speculation. Could this be the new norm, or is the market setting up for its next big move? With institutional adoption on the rise and market sentiment strong, Bitcoin hovering around this milestone raises big questions: Will it break through decisively, or face a pullback before year-end? ? What are your thoughts? Drop a comment and join the discussion on where Bitcoin is headed this December!