Pre market plan worker well today Scenario #1: gap down to 6000 we see a bounce to 6034 and then dump back to 6000 again. 6000 fails and we move to 5980 Scenario #2: Gap down to 6000 we see a bounce to 6034 but can’t hold so we move back to 6020 and hold. We slowly creep up back to 6034 and end up closing near 6050. Dump due to CPI coming in hot, if markets can hold 6000 then it shows we are super resilient to any news.
? ? Asset: Roblox Corporation (RBLX) ? Timeframe: 30-Min Chart ? Setup Type: Symmetrical Triangle Breakdown (Bearish) ? Trade Plan (Short Position): ✅ Entry Zone: $65.14 - $65.00 (Breakdown Confirmation) ✅ Stop-Loss (SL): $66.92 (Above Resistance) ? Take Profit Targets (Short Trade): ? TP1: $62.94 (First Support) ? TP2: $60.33 (Extended Bearish Target) ? Risk-Reward Ratio Calculation: ? Risk (Stop-Loss Distance): $65.14 - $66.92 = $1.78 ? Reward to TP1: $65.14 - $62.94 = $2.20 ? Risk-Reward Ratio to TP1: 1:1.2 ? Reward to TP2: $65.14 - $60.33 = $4.81 ? Risk-Reward Ratio to TP2: 1:2.7 ? Technical Analysis & Strategy: ? Breakdown Confirmation: Wait for strong selling volume below $65.00 for a confirmed short entry. ? Pattern Formation: Symmetrical Triangle Breakdown, signaling a bearish continuation. ? Key Support & Resistance Levels: ? $66.92 (Resistance / SL Level) ? $65.14 - $65.00 (Breakdown Zone) ? $62.94 (First Profit Target / Support) ? $60.33 (Final Target for Momentum Extension) ? Momentum Shift Expected: If price fails to reclaim $65.00 and continues lower, we could see a drop towards $62.94 and further to $60.33. ? Trade Execution & Risk Management: ? Volume Confirmation: Ensure selling volume increases below $65.00 before entering. ? Trailing Stop Strategy: If price reaches TP1 ($62.94), move SL to $65.00 to protect profits. ? Partial Profit Booking Strategy: ✔ Take 50% at $62.94, let the rest run to $60.33. ✔ Adjust Stop-Loss to Break-even ($65.00) after TP1 is hit. ⚠️ Fake Breakout Risk: If price reclaims $65.14 and moves back inside the triangle, be cautious and avoid entering early. ? Final Thoughts: ✔ Bearish Setup – If price sustains below $65.00, further downside is expected. ✔ Momentum Shift Possible – Watch for volume increase to confirm the trend. ✔ Favorable Risk-Reward Ratio – 1:1.2 to TP1, 1:2.7 to TP2. ? Stick to the plan, manage risk, and trade smart! ?? ? #StockTrading #RBLX #BreakoutTrade #TechnicalAnalysis #MarketTrends #DayTrading #ProfittoPath
Gj broke structure to the downside. It has pulled back to take liquidity and mitigate the origin that caused the break of structure. Let's wait for it to trigger us then we follow it to the downside! No setup is guaranteed, use proper risk management!
Intraday forecast The downtrend is broken, and the price is in an impulse wave. Forecast: 1- Correction wave toward the Buy Zone 2- Another Upward Impulse wave toward Higher TPs SL: Below 1.0331 ________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the ? BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! ? Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Since the high of 6101 on December 6th, the US 500 index has entered a period of choppy sideways price activity, reflecting a 2 month timeline when buyers and sellers have been in balance. This range has faked out those traders looking for a fresh series of all time highs or for moves back down to lower levels which were last seen in the middle of 2024. This sideways activity highlights where buyers of the index, found towards the lower extremes of the range around 5760/5800, while being able to halt further price weakness and push prices higher again, are unable to overcome the strength of selling pressure encountered towards the upper extremes of the range, currently located between 6100/6120. It’s here that fresh sellers materialise again and have been able to turn price action lower. It’s not like the US 500 hasn’t had some volatility drivers during this period. The Federal Reserve (Fed) have paused interest rate cuts, President Trump has initiated a series of trade tariffs on global trading partners, DeepSeek disrupted the AI party, earnings season, the list continues. However, so far nothing has managed to shape sentiment enough to see a clear trend develop. Today’s focus is likely to be on US CPI data, which is released at 1330 GMT. Traders came into the year with a sensitivity to US inflation and that hasn’t gone away, especially given last week’s fall in consumer sentiment which was driven largely by concerns around price rises over the next year. An above market expectation print in the CPI reading may be seen as a negative for the US 500 index, as it could take Fed rate cuts later in the year off the table, while an in line or lower print, could help to maintain the current status quo for price moves. Defining the Range: https://www.tradingview.com/x/Zrb7UEVk/ For the US 500 index, upper extremes of the range can potentially be defined by drawing a trendline connecting the December 6th 2024 high at 6101, with the January 24th 2025 all-time high at 6118, and extending it forward. This outlines a possible higher resistance level which currently stands at 6129. A parallel line can then be drawn using the December 20th low at 5973, which suggests 5803 may be the potential lower extreme of the current sideways range. Looking forward, while much will of course depend on future market trends and sentiment, traders may find it useful to watch how these 2 levels are defended over an important US economic data release such as today's US CPI, given that a closing break of either level is required to potentially suggest the next directional move. Upside Potential: Closes above 6129, while no guarantee it will result in a sustained phase of price strength, could be a catalyst to extend what may still be classed as a long term uptrend pattern in price. Downside Potential: https://www.tradingview.com/x/Pk1wXINx/ A negative reaction to the US CPI data and subsequent close under the lower limits of the range at 5803, might reflect a more extended period of price weakness and possible deeper retracement of the positive uptrend pattern which has been evident since October 2022. If that were to be the case, support initially may be found at 5726, 5605 or even 5484, all of which can be seen on the chart above. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
Long Sonic on H4-D1. Entry : current level or limit order @ 0.48 TP : 1.5 and 2 Exit : confirmation on D1 below 0.38 (2nd test on Feb,8 of local lows) FA: Sonic - EVM L1-chain with high performance (10k TPS with subsec finality) Previously it was Fantom but recently rebranded. CTO - Andre Cronje. Trades on all major CEX. Top-21 among Chains (Defillama) by TVL - $393mln 1/ Strategic angel investors: Michael (Curve), Stani (Aave), Robert (Compound), Tarun (Gauntlet), and Sam (FRAX), as well as our venture partners Hashed, Signum Capital, and UOB Venture Management (source: soniclabs). 2/ FDV = MCap!!! 3/ Massive airdrop on June around $100mln (current TVL - $393mln, so it's 25% profit on you locked capital if the price remains the same) 4/ 90%-revenue sharing with dApps built on Sonic TA: 1/ EMA21 and 55 cross on H4 2/ strong bounce on high volume above PoC and MA-cross 3/ capitulation on Feb,3 (weak hands shakeout) Can repeat that SUI did.
Daily one time framing down, currently at resistance, SFP of avwap, trendline, daily & POC, a trade you take every day, SL above dnpoc just above.
https://www.tradingview.com/x/zQT2Lnd8/ ✅CAD_JPY is going up now But a strong resistance level is ahead at 109.064 Thus I am expecting a pullback And a move down towards the target of 107.619 SHORT? ✅Like and subscribe to never miss a new idea!✅
Today, the CPI is bad, gold rebounded from the bottom, and the lowest reached 2864, and then directly stretched to 2900 and began to fluctuate. Recently, I have been telling you to mainly do more on the retracement. Today, I also gave 2876 to do more. There are more positions on the retracement, which are opportunities to do more. The rebound of gold is also to hold a wave of profit space. At present, we first focus on the short-term suppression of 2900-2906 on the upper side of gold. If this position is not broken at midnight, we can short it. Below, we focus on the short-term support of 2875-80. We can go long on this position at midnight. If your current gold operation is not ideal, I hope that your investment can avoid detours. Welcome to communicate! From the 4-hour analysis, we focus on the short-term suppression of 2900-2906 on the upper side, and the short-term support of 2875-80 on the lower side. Focus on the long and short Feng Shui ridge of 2857. The operation is mainly based on the range. In the middle position, we always watch more and move less, and carefully chase orders, and patiently wait for key points to enter the market. I will remind you of the specific operation strategy during the trading session, and pay attention to it in time. Gold operation strategy: 1. Buy gold when it falls back to 2876-2880, SL 2871, TP 2908-2910; continue to hold if it breaks! 2. Sell gold when it rebounds to 2900-2906, SL 2913, TP2876-80;
I’m waiting for CRYPTOCAP:BTC to tap 102k again, or for the yearly open at 93k. Not much happening at the moment, but I see it moving higher. Most likely, we’ll trade within January’s candle and form an inside bar. The inflection point will be at the extremes of that candle for short-term trades. If it decides to break January’s low, I’d see that as a potential re-entry point. So, in short: Continuation above 102k First possible entry at the yearly open (I think many are watching that area) Second entry at January’s low (optimal for me) For now, it’s just consolidation.