Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # HSBC (HBC) / Hong Kong Dollar - Double Formation * (Uptrend Argument)) At 71.00 HKD * ABC Flat | Uptrend Feature | Subdivision 1 - Triple Formation * 1st Numbered Retracement | Survey & Entry | Subdivision 2 * 2nd Numbered Retracement | Bias On Hold | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
The pair appears to be carving out a textbook 5-wave Elliott structure. Here’s the breakdown: - **Wave 1, 2, and 3** are in the books, and Wave 4 is now developing, testing the **38.2%-50% retracement zone** (highlighted in orange). - **Wave 5 Target**: Eyeing **1.0100-1.0090** as the likely destination for the final push lower. **Trade Plan:** - Monitoring the sell zone at **1.0373-1.0466**, which aligns with the Wave 4 retracement. - Any rejection here provides a short setup, with stops above **1.0466** and targets down to **1.0100**. - R:R is solid, making this a high-probability play for the disciplined trader. **Market Context:** - Structural resistance and Fibonacci confluence strengthen the case for shorts. - Patience is key—waiting for confirmation of Wave 4 completion before entry is paramount. **Reminder:** This is an analytical outlook, not financial advice. Manage risk diligently. --- Would this work for your audience, or shall I refine it further?
Looks like a decent spot to go long here with a tight stop. Enter $85 Stop Loss $74 TP1 $124 TP2 $169 Pros RSI Oversold Bollinger Band Oversold Fibonacci Golden Pocket means good spot for reversal 200 week moving average can act as support Cons Tariffs Large Head & Shoulders pattern with neckline broken Unknowns Earnings on Thursday 2/6
The Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move.
Seeing that Nas has been getting weaker against the market makes me think its been propped up a bit and we are open to seeing a decent sized correction to the downside. This will likely shock the media and news but I belive it'll just help the asset reach new highs with a re evaluation of its components at a lower price. Trade Safe, Trade Smart, Trade Drippy!
When the market catches up, NASDAQ:OM will already be ahead. Currently at $5.86, but everything points to a strong upward trend.
I have been watching STM for a while and looking for a possible bottom. The best I could come up with is the channel shown above. https://www.tradingview.com/x/xrdwrfah/ Weekly MACD and RSI could support this: https://www.tradingview.com/x/JiyasW57/ The current outlook for STM in 2025 isn't great, but they are one of the key players in the semiconductor sector and will recover in my opinion.
Nifty future and banknifty future analysis and intraday plan. Results. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT
a scalp short trade , after price reversal ,aiming to short
The path to $10 is being paved. NASDAQ:OM sitting at $5.86 is the setup before the next big push.