Loving the turnaround: gold, commodities are stronger than stocks this year.
My option about gbpusd Is more bearish so that zone is good and strong restanice if the price comes to that zone it can pullback
Why would you risk your $ at this level? If you enter btc, there's no logic behind it, just emotions. Don't forget to check SPX/Nasdaq : expecting soon a strong down-move on those aswell. - On the other hand, you might play the borders of the wedge on Alts for 20-30% bounces : Fast Entry - Fast Exit. - Once this breaks below the wedge, we'll see a retest of the border, then going to 74-75k. => I expect top of the cycle 111-112k if we see one more move upwards, but don't risk on it. This is a classic Wyckoff Distribution scheme where shrimps are sucked with chaotic candles to don't understand what's happening, while whales unload their bags. Plan : At 75-76k on btc, I'll enter some strong Alts for a good bounce of 30-50%, then exit and stay out of the market till next good dump.
This is still the trading range for the week. I re-calculated everything after yesterday’s one standard deviation trading range because of the overnight gap down, but this is the implied move from the beginning of the week. Momentum on that 50 day moving average is starting to slow down but overall DIA looks pretty healthy here. That 50DMA is running along the bottom of the epected move so I feel very comfortable with my bottom spreads - I wouldn’t be surprised to see a bit of sideways maybe this week. We did see a lower low from recent all-time highs so that is note worthy. Personally, I would like to see more down, but momentum is still up so if we do go down, it will be as slow move. Or more likely just sideways consolidation 437 to 452 is this weeks trading range - so far we are right in the middle of it. I have iron butterfly from Friday and condors also from Friday with wings at 437 and 455 that i will add to if tested
Here betting on downtrend continuation! Pure and simple not much to add. If we manage to break the value area the trade will be invalidated
Considering the "cup and handle" pattern for Bitcoin, with a projected target of $126,000, this bullish signal suggests a potential substantial upside if BTC adheres to this classic technical formation, indicating strong buyer momentum and a possible breakout from its current levels.
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
31% higher since we called bottom on NASDAQ:TMDX Where are my bulls at?! We are just getting started on this name with massive upside potential! $100 inbound!! ? Not financial advice
? Failed Bear Flag Pattern NVDA initially formed a bear flag, with a strong downward flagpole followed by consolidation in an upward-sloping channel. However, instead of breaking down as expected, the price reversed at the lower boundary, signaling bulls absorbing selling pressure. ? Breakout Potential The recent impulse move out of the flag formation aligns with a Wave 1 breakout, confirming a potential bullish trend. If the Wave 2 retracement holds above previous lows, NVDA could see a strong Wave 3 rally towards $130-$140. ? Key Resistance & Confirmation Levels Immediate resistance around $122-$124 (previous highs & bear flag upper boundary). A break above $124 with volume could trigger further bullish momentum. Downside risk remains if NVDA re-enters the bear flag below $115. ? Bullish Bias Unless Invalidated Given the failed bear flag breakdown and Elliott Wave structure, the bias shifts bullish towards higher highs. Watch for strong follow-through on Wave 3 to confirm this setup. ? Trade Plan: Entry: On pullbacks above $118-$120 Target: $130-$145 Stop: Below $115 ? Let me know your thoughts! Do you agree with this bullish outlook? Don't forget, Patience is Paramount.
Bullish Channel as an corrective pattern in Short Time Frame Break of Structure Completed " 12345 " Impulsive Waves and " AB " Corrective Waves RSI - Divergence Resistance Level