Today expected gap up opening in banknifty. After opening if banknifty starts trading above 50550 level then expected further upside rally of 400-500+ points in today's session. Downside 50050 level act as a important support for today's session. Any major downside rally only expected below the 49950 level.
? ? ? Market-Moving News: ? Trade Balance: The U.S. trade deficit is expected to widen to $96.50 billion in December, up from $78.20 billion in November. ? Key Data Releases: ADP Nonfarm Employment Change (8:15 AM ET): ? Forecast: 148K | Previous: 122K Services PMI (9:45 AM ET): ? Forecast: 52.8 | Previous: 56.8 ISM Non-Manufacturing PMI (10:00 AM ET): ? Forecast: 54.2 | Previous: 54.1 ? Market Scenarios: ? GAP ABOVE HPZ: A further gap up will get a rejection below 6032. ? OPEN WITHIN EEZ: Slight move higher as a continuation and drop down 1% off the HCZ. ? GAP BELOW HCZ: Consolidate lower and pump back higher. ? #trading #stockmarket #SPX #SPY #daytrading #charting #trendtao
I hate being bearish here, but the charts show that alts are going much lower. Comp has a pretty clear trend here. I think it's likely that price goes back up and retests $68 here as that's the level price broke through on the way down. If that level can't break, it sets up a final leg down to the lower supports between $11-16. If it gets down to that level, it's a great long term buy as I don't think price will see that level again. Bearish invalidation would be a close over $68.
OANDA:XAUUSD spiked to a new record high, with continued upward momentum pushing the relative strength index (RSI) into overbought territory. Upcoming changes in US trade policy could support precious metals prices as they will increase uncertainty about the outlook for global economic growth. Against this backdrop, monetary authorities may still face pressure to take measures to protect their economies, even though US President Donald Trump has postponed tariffs on Mexico and Canada. Additionally, the risk of policy mistakes by major central banks could push gold prices higher as gold becomes more attractive as an alternative to fiat currencies. After Mexico and the United States reached an agreement to postpone tariffs, Canada did the same and the world's attention immediately turned to China. However, a sudden easing appears unlikely after China retaliated against the US's comprehensive tariffs on Tuesday and warned some US companies, including Google, that they could face sanctions. While global markets welcomed the US postponement of tariffs on Mexico and Canada, the partial easing does not eliminate long-running trade tensions in Asia. A planned phone call between US President Donald Trump and Chinese President Xi Jinping on Tuesday did not take place, a sign that relations between the two sides remain frosty. However, China's tariff measures will not officially take effect until February 10, giving Trump and Xi Jinping time to reach a "deal." While currency markets still expect the Federal Reserve to cut interest rates twice this year (each time by 25 basis points), inflationary pressures from US tariffs are increasing, which makes the path of monetary policy through 2025 still very uncertain. https://www.tradingview.com/chart/XAUUSD/Onv4n4Kz-GOLD-MARKET-ANALYSIS-AND-COMMENTARY-Feb-03-Feb-07/ On the daily chart, OANDA:XAUUSD renewed its all-time high after reaching the target increase at 2,846 USD, which readers noted in the previous issue. With that said, a break above this key technical level would qualify gold for a new bull run, and the target would then be around $2,878 in the short term rather than the original price point of $2,900. Although the RSI has entered the overbought zone, there are no signs of a decline indicating that the gold price may correct with the uptrend depicted by the line. As long as gold remains in/above the price channel, it still has a short-term trend to the upside, with the current position suitable for a new bull cycle to be opened. Notable locations will also be listed as follows. Support: 2,846 – 2,824USD Resistance: 2,878 – 2,900USD SELL XAUUSD PRICE 2863 - 2861⚡️ ↠↠ Stoploss 2867 →Take Profit 1 2856 ↨ →Take Profit 2 2851 BUY XAUUSD PRICE 2823 - 2825⚡️ ↠↠ Stoploss 2819 →Take Profit 1 2830 ↨ →Take Profit 2 2835
fvg complete rides and fail to cross . fvg is incline area now
? ? In this video, we analyze Bitcoin (BTC) and its recent price action. The four-hour chart shows a bearish break of structure, and my short-term bias remains bearish. I'm waiting for a short entry, aiming for previous lows highlighted in the video. This is not financial advice.
Short Term Elliott Wave View in Bitcoin (BTCUSD) suggests that cycle from Jan 13, 2025 low is in progress as a 5 waves impulse / diagonal. Up from Jan 13, 2025 low, wave (1) ended at 109,356. Wave (2) pullback unfolded as a double three Elliott Wave structure. Down from wave (1), wave ((a)) ended at 100,087 and wave ((b)) ended at 105,424. Wave ((c)) lower ended at 97,750 which completed wave W in higher degree. Wave X ended at 106,447. The crypto-currency has resumed lower in wave Y. Down from wave X, wave ((a)) ended at 99,038 and wave ((b)) ended at 100,473. Wave ((c)) lower ended at 91,555 which completed wave Y of (2) in higher degree. The instrument has turned higher in wave (3) but it needs to break above wave (1) to rule out any double correction. Up from wave (2), wave ((i)) ended at 102,569. Expect pullback in wave ((ii)) to find support in 3, 7, or 11 swing against 91,555 for further upside.
RARE ~ 5D Analysis #RARE This is the lowest support for now. Buy from here if you still have a Conviction on this coin with a minimum target of 20%+
On the 4H timeframe, a short trade on CELR-USDT successfully hit all targets, delivering a massive 150% profit with 10x leverage. Trade Breakdown: Entry: 0.01547 USDT Stop-Loss (SL): 0.01605 USDT Take Profit (TP) Levels: TP 1: 0.01476 ✅ TP 2: 0.01361 ✅ TP 3: 0.01246 ✅ TP 4: 0.01175 ✅ Technical Insights: The price followed a strong downtrend, confirmed by the Risological indicators. A clear break below key levels triggered the short entry. The structured exit strategy ensured all profit targets were achieved by the TP4 level. Currently CELR is in my "No trade zone", unless it breaks down or breakouts to get into a fresh trade! Stay tuned for more insights and updates.
Hey traders! POPCAT/USDT is forming a head and shoulders pattern, signaling a likely continuation of the recent downtrend. Following a temporary price correction within the pattern, the downtrend is expected to resume. KUCOIN:POPCATUSDT Now is the time to short the PopCat, after the 2-hour candle closes, I enter a short trade below the closed 2-H candle. Profitable trades to all!