The NASDAQ 100, on the 1-hour chart, has shown notable declines in recent weeks, as reflected in the provided image. From the recent high near 19,940.0 (labeled "E"), the index has undergone a significant correction, breaking key levels and approaching critical support zones. The price is currently testing the 18,717.8 level (138% Fibonacci according to the "tag pole"), a level that could act as temporary support. Context of the Declines Recent declines have been influenced by factors such as macroeconomic uncertainty, including interest rate expectations and the strength of the dollar (USD), in addition to profit-taking following a previous rally. On the 1-hour chart, this corrective movement has brought the index to a confluence between the descending channel (labeled "D") and important Fibonacci levels, such as the 138% at 18,717.8 and the 100% at 18,466.7. Possibility of a Further Downside Given the 1-hour timeframe, the NASDAQ could extend its correction before a rebound. The next relevant support zone is located at 18,466.7 (100% Fibonacci), which coincides with a previous liquidity level (labeled "B"). If this support fails, the price could head towards 18,200, where a stronger support zone is observed (labeled "V"). The corrective structure with waves (I-IV) suggests that we are in wave IV, and a downward wave V could complete in this zone before a trend reversal. Rebound Scenario Once the price reaches these supports, especially 18,466.7 or 18,200, we are likely to see a technical rebound. This could lead the index to retest resistance at 19,000 or even the 19,726.9 level (labeled IV) if the correction is considered complete. Traders may see reversal signals such as divergences in the RSI or a hammer pattern in these areas. Conclusion: Keep an eye on 18,466.7 as critical support. A break below could target 18,200, but a rebound from these levels seems imminent after the current correction.
We can sell gold from 2991.58 with 100pips sl and 500 pips tp By just 2% risk of your balance
JPM Price prediction based on Volume Profile. Be ready to short when it retraces to fill the gap. As it is financial sector is overvalued
We have strong move with FVG not filled zone 1955-1965. Today is FRIDAY + STRONG MOVE + Closed 3000 (round number) This plan we will see. If price drop to FVG we can consider for Long trade from FVG zone to round number 3000. Goodluck traders! @TradingMakeSence
Harmonic levels, previous resistance, 50DMA, and 20DMA all point towards the green range. Come June, I think Jerome will continue to cut rates. I will begin accumulating under the 20DMA.
Comparing several stocks against DXY. BRK.B, BTC, MSTR, and MSTY
? ? ? Asset: Darling Ingredients Inc. (DAR) ? Timeframe: 30-Min Chart ? Setup Type: Bullish Breakout Trade ? Trade Plan (Long Position) ✅ Entry Zone: Above $28.50 (Breakout Confirmation) ✅ Stop-Loss (SL): Below $26.91 (Invalidation Level) ? Take Profit Targets: ? TP1: $30.38 (First Resistance Level) ? TP2: $32.48 (Extended Bullish Move) ? Risk-Reward Ratio Calculation ? Risk (SL Distance): $28.50 - $26.91 = $1.59 per share ? Reward to TP1: $30.38 - $28.50 = $1.88 (1:1.18 R/R) ? Reward to TP2: $32.48 - $28.50 = $3.98 (1:2.5 R/R) ? Technical Analysis & Strategy ? Downtrend Breakout Setup – Price is testing the descending trendline and attempting a breakout. ? Support Holding at $28.50 – Buyers stepping in, creating a potential reversal. ? Volume Confirmation Needed – A strong bullish candle above $28.50 confirms entry. ? Momentum Shift Expected – Breakout could lead to $30.38, then $32.48. ? Key Resistance & Support Levels ? $30.38 – First Resistance / TP1 ? $28.50 – Breakout Level / Long Entry ⚪ $26.91 – Stop-Loss / Support Level ? $32.48 – Final Target / TP2 ? Trade Execution & Risk Management ? Volume Confirmation – Ensure strong buying pressure before entering. ? Trailing Stop Strategy – Move SL to $28.50 (breakeven) after hitting TP1 ($30.38). ? Partial Profit Booking Strategy: ✔ Take 50% profits at $30.38, let the rest run to $32.48. ✔ Adjust SL to breakeven ($28.50) after TP1 is hit. ⚠️ Fake Breakout Risk ❌ If price moves back below $28.50, exit early to limit losses. ❌ Wait for a strong bullish candle close above $28.50 before entering aggressively. ? Final Thoughts ✔ Bullish Setup Forming – Breakout signals potential upside movement. ✔ Momentum Shift Expected – Watch for volume confirmation. ✔ Favorable Risk-Reward Ratio – 1:2.5 R/R at TP2 makes this a high-quality trade. ? Stick to the plan, manage risk, and trade smart! ?? ? Follow @ProfittoPath for More Trade Setups! #ProfittoPath ? | #DAR ? | #StockMarket ? | #BreakoutTrade ? | #LongSetup ? | #RiskManagement ? | #MarketAnalysis ? | #SwingTrading
Bet she holds to the bearish fair value gap above, there the greatest short ever or the quickest stop of your life.... looking for a bounce here and rejection at red bar of resistance.
Won 2 lost 1, So far so good, can't win them all. Important is to have proper risk management. Find the trend, follow the trend, stay on trend.
A dirty tradingrange!!! Lower highs are visible on the chart. There is a possibility that the tradingrange may break downward with a strong candle. Or will the price rise to the top of the tradingrange? Share your thoughts in the comments.