Last time we looked at Amazon Inc. (AMZN) was three months ago (November 13 2024, see chart below), giving a pull-back buy signal: https://www.tradingview.com/chart/AMZN/D9U4k6zy-AMAZON-Minor-pull-back-and-then-off-to-240/ The price action couldn't have followed this more accurately as after a short-term pull-back, the stock hit our $240.00 Target at the end of January. Since then the price started to pull-back again to a point where this week it broke below its 1D MA50 (blue trend-line) for the first time since September 11 2024. With the 1D RSI on the 40.00 mark, this pull-back resembles the April 25 2024 Low, made near the 0.5 Fibonacci retracement level. We expect a similar medium-term rebound to start towards the 1.236 Fibonacci extension. Our Target is marginally below it at $252.50. ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ?????? ? ? ? ? ? ?
JPMorgan upgrades this Singapore-based ride-sharing stock
Hello traders, I want share with you my opinion about Gold. On this chart, we can see that the price rebounded from the mirror line and began to rise. Shortly after, it reached the support level, broke it, and hovered around this area for some time before dropping back to the mirror line. Later, the price broke through the support level once again and started trading within a range. During this phase, it climbed to the resistance level, which aligned with the seller zone, before pulling back to the mirror line. Gold then dipped into the buyer zone but quickly surged above the mirror line, entering the seller zone. After this movement, XAU corrected below the mirror line before resuming its upward trajectory. Not long after, the price reached the resistance level, broke through it, and exited the range. For some time, Gold traded above the seller zone, but recently, it dropped and is now hovering near the 2930 resistance level within the seller zone. I believe that Gold might rise slightly before continuing its decline, eventually breaking the resistance level. Additionally, I anticipate that after the breakout, it could extend its decline toward the 2865 support level. Please share this idea with your friends and click Boost ?
OANDA:NZDSGD has reached a significant resistance zone. This area has historically acted as a supply zone, increasing the likelihood of a pullback if sellers step in. The current market structure suggests that if the price confirms a rejection from this resistance, we might see a move lower toward the 0.76670 level , a clear target based on past price behavior and current market structure. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
The race for altcoin ETFs in the U.S. just took a significant leap forward. Litecoin ETF approval odds on Polymarket skyrocketed to 85%, following the listing of Canary Capital’s proposed Litecoin ETF on the Depository Trust and Clearing Corporation (DTCC) system. This move mirrors the Ethereum ETF approval process, which saw its green light from the SEC in May 2024. While DTCC listing doesn’t guarantee SEC approval, it’s a crucial preparatory step that shows the application is progressing. Why Does This Matter? ? Polymarket Odds Up 35% – Investor confidence in a Litecoin ETF is surging. ? DTCC Listing Signals Progress – Canary Capital’s application is moving through key procedural steps. ? Institutional Interest Growing – Asset managers like Grayscale and CoinShares are positioning Litecoin-based financial products. The SEC’s Next Move Canary Capital first filed for a spot Litecoin ETF in October 2024. While its status as a Bitcoin fork and commodity classification may work in its favor, the SEC’s cautious approach could still delay approval. ? Optimistic Case: SEC approval could boost institutional adoption and significantly impact LTC’s price. ? Bearish Case: If the SEC delays or denies the application, Polymarket odds could tumble, and LTC may stagnate. Despite this news, Litecoin’s price reaction has been muted, up only 3.37% to $134.25 since Friday. The next major price move will likely depend on further SEC developments. The question remains—will the SEC push Litecoin into the ETF era, or is this another case of premature optimism?
On GER30 we would have a high probability of having a nice upward trend depending on the configuration of the chart and the candles. This upward trend will be confirmed by the strong break of the resistance line and the vwap indicator.
The massive rally Alibaba has experienced has enabled it to close a significant 3M selling fair value gap from 2021. Interestingly, the price of around $140 is around equal highs January 22 ‘s12M candle. This looks like a double top…..on the 12M!!!! Now, I will point out that we HAVE NO CONFIRMATION at this point that this is a 12M double top at all. But there are a few reasons why I am speculating that we could see a sharp decline. 1. We have just filled a 4 year old 3 month selling FVG (highlighted in red) 2. We did not break above the 2022 high 3. We are Heavily Overbought on the Weekly TF 4. In February we breached the previous 1/4s low, the is the main key to my suspicions After pumping 80% in less than 2 months, like any timeframe you’d, expect a retracement. The Golden Retracement level is 0.618 which is highlighted however there are WEEKLY buying FVGs all the way to back to the Previous 1/4s low which has already been breached! So there is a strong possibility of a full 100% retracement back to 82, if BABA does not continue to pump. The second big IF……If Baba returns to 82, the price then has a much bigger problem than a 100% retracement. The price would be close enough and have enough momentum to test at ATL, which would be the neck of the 12M double top. I think the price would fall through 82. If price gets there, I don’t think the current ATL prices would get supported and I think we’d get a new ATL of around 80 The new ATL price I’ve guesstimated using Standard Deviations. This is of course highly speculative but I’ve given my rationale at least.
Prediction for Bitcoin Am expecting some big liquid grabs to 82k and 76k area before we rally, bars are from the last flag so can differ, lets see
Hurry Up and Wait – The Market’s Favourite Game | SPX Market Analysis 21 Feb 2025 These kangaroo markets just won’t quit. Every time we break out of one range, the Bollinger Bands pinch again, locking us into another one. Meanwhile, other indexes fell out of bed, but SPX? It’s clinging on by "the Bulls". When will it finally open up and run? Who knows—but until then, I’ll keep finding new ways to say ‘hurry up and wait’. --- Markets Keep Bouncing, But Not Breaking It’s like watching a kangaroo on a trampoline—lots of movement, no real progress. SPX tries to push out of one range ?️♂️ Bollinger Bands pinch again, trapping price in a new range ? Other indexes have fallen, but SPX refuses to follow This makes trading tricky, as every potential breakout is quickly absorbed into another consolidation. The Bollinger Band Pinch – What It Means When Bollinger Bands tighten, they signal: ? A period of low volatility ? A potential breakout coming – but direction unknown ? Traders getting frustrated waiting for a real move Normally, I’d switch to Tag ‘n Turn setups during breakouts, but with volatility still tight, I’ll stick to my 6 money-making patterns instead. For now, it’s all about waiting for a clean break—no fake moves, no forced trades. Final Thoughts – When Will the Market Open Up? ? The big move is coming—we just don’t know when. ? SPX is clinging on, but other indexes are weakening—watch for cracks. ? Bollinger Bands are tightening—when they expand, volatility will return. Until then? It’s back to ‘hurry up and wait’. --- Fun Fact ? Did you know? In 2015, the New York Stock Exchange halted trading for nearly four hours—and the official reason? A “technical glitch”. ? The Lesson? Even the biggest, most advanced markets can freeze up, just like we’re seeing with these tight, choppy conditions.
Key Observations: * Upward Trend: Gold is currently in an upward trend, with prices making higher highs and higher lows. * Strong Support: A significant support level exists around the 2,915 price point. Key Levels: * Support: 2,915 * Resistance: 2,955 Trade Plan: * Entry: Buy on a dip towards the 2,915 support level. * Stop-Loss: Place stop-loss order at 2,910. * Take-Profit: Set take-profit target at 2,960. #XAUUSD #GoldTrading #TechnicalAnalysis #TradingView #DayTrading #Forex #Commodities #Investing #Finance #DayTrader #ChartPattern #Bullish #TradeSetup #tradewithmuhammad Trade With Muhammad