he CAD/JPY is approaching a critical support zone (107.50 - 108.00) on the daily chart, providing multiple trading opportunities based on key technical setups. Here's a breakdown of potential scenario Scenario 1: Buy at Key Support (107.2 - 105.7) Rationale: Strong confluence of support from prior lows (point B), ascending trendline, and Fibonacci retracements. TDI Indicator is near oversold levels with bullish divergence, signaling a potential reversal. High probability of a bounce from this support zone. Trade Parameters: Buy Zone: 107.2 Stop Loss: 105.7 Take Profit Targets: Target 1: 114.6 (intermediate resistance) Target 2: 118.6 Risk-Reward Ratio: 1:4 The strategy offers a great probability of success, supported by strong technical confluences and favorable risk-reward dynamics. Monitor price action and volume closely ON LOWER TIMEFRAMES to validate entries.
Patiently we waited and finally it has happened.It was the month of January 2025 when this immense bubble would break support. 2 years after it first confirmed in September 2022. A number of reasons now exist for a bearish outlook. Look left. On the above 5 week chart: 1) Price action and RSI support breakouts. 2) RSI support confirms resistance on past support. 3) Looking left previous corrections were at least 50% from the support exit, that’s $50 today should that repeat. 4) Looking left the chart suggests this correction is over after 210 days. In other words August 10th presents a unique long term investment opportunity. Is it possible price action continues upward trend? Sure. Is it probable? No. Ww
If the Semiconductor Index NASDAQ:SMH in chart 1 fails to maintain the bullish order block at 237-246, which currently looks challenging, there's a potential for a countermovement upwards if it reaches the next support level between 214-224 This scenario could present a short term buying opportunity in some semiconductors stocks for those looking to go long With earnings reports for NASDAQ:ASML , NASDAQ:AMD , and NASDAQ:LRCX due within the next 8 days, these stocks could offer strategic entry points for a possible bounce: - NASDAQ:ASML : Bullish order block between $564-$600 (Chart 2) https://www.tradingview.com/x/2UmsaUFT/ - NASDAQ:AMD : Bullish order block between $93-$102 (Chart 3) https://www.tradingview.com/x/1rZYVK5K/ - NASDAQ:LRCX : Bullish order block between $57-$64 (Chart 4) https://www.tradingview.com/x/P94LPeU8/ These levels could serve as good opportunities for short-term investments, provided you monitor the market closely after the earnings announcements If any of these reach the target areas in the next few days, I will provide an update here
Wishing everyone a great trading session ahead! I hope my analysis resonates with you and provides valuable insights. May you all have successful trades and find the opportunities you're looking for!
Forget all the nonsense about deepseek and evidence surrounding the NVDA chinese financial psyop that crushed the market today (primarily before the market even opened). It's all smoke and mirrors. Putting your money in the middle when the odds are in your favor is how you come out on top. That being said, there's a 90% rebound rate for NVidia's 10 biggest drops over the last - hence the reason I'm sitting on 75 calls with a strike of 125 that expire this Friday. The average next day rebound is 4.4% with the median being 5.3%. NVDA closed at $118.58, meaning there's a 90% chance that tomorrow we will see the price settle in the following ranges: Bull Case: 60% probability: $124.50 - $126.90 Base Case: 30% probability: $120.95 - $123.30 Bear Case: 10% probability: $115 - $117 The DeepSeek Red Herring: Speculating on the DeepSeek nonsense, the release of DeepSeek's R1 seems like an attempt to make the narrative fit the story rather than anything based on actual news: *As someone that works w/ AI every day, DeepSeek v3 has been out for a long time, and R1 was released over a week ago. There isn't anything new about this story. *This likely points to a coordinated dump of NVDA by 'whales' during premarket hours to push price action, and China has enough sway in the US markets to perform such a sway after hours. More than 12% of the 16.9% drop occurred in a short period before the market opened - limiting the influence/access of retail investors and thereby maximizing their leverage/power over the market. *This could be a preemptive move by China in a financial cold war that has been developing. Trump recently touted investing $.5T in stargate (ai), and has proposed tariffs of 10% on all chinese goods starting in just 4 days (Feb 1st) *NVDA is the perfect target to send a message. Most of their production is in Taiwan, and we know how China feels about that. The fact that China can't purchase their super chips is a big slap in the face. It'd be like China growing a bunch of crops in Idaho, only to not sell any food to the US while the US is starving. *It's a known fact that bots place the majority of trades on the US market these days. China is a master at reverse engineering tech (if not outright stealing it). Knowing what triggers market bots would be easier than supplying a fake narrative. Nothing about DeepSeek being the reason for the drop passes the smell test if for no other reason than from a logical standpoint...a couple If/Then scenarios: 1) If Deepseek did develop a model for $6M (which would be both insane and extremely unlikely) using outdated tech - Then NVDA's response that they should have their export restrictions removed and the 2nd largest AI market open to them is legitimate. Sales would skyrocket. 2) If this is Chinese misinformation and they're lying about using the A100 chips or the development costs, then why would they do that? 3) If China can't develop their own model without the A100s, what would they do to gain access to them? Then I think they steal the model - either the o1 (openAI) or llama (meta) model and tinkered with it just enough to optimize it as it's performance results are almost identical to openAI's o1 model - DeepSeek's Founder admits "there are no secrets in AI". While models can run on outdated hardware, you can't develop new models in a timely fashion on anything other than the A100s because they're 20x more powerful than the previous chips. The question is was this China's attempt to trigger a black swan event in the US markets prior to the tariffs being enacted - a financial cold war if you will.
//@version=5 indicator("46 EMA Bounce with Pivot Points", overlay=true) // Input parameters ema_length = 46 pivot_length = input.int(15, title="Pivot Length", minval=1) // Calculate 46 EMA High and Low ema_high = ta.ema(high, ema_length) ema_low = ta.ema(low, ema_length) // Calculate Pivot Points = request.security(syminfo.tickerid, "D", ta.pivothigh(high, pivot_length, pivot_length), ta.pivotlow(low, pivot_length, pivot_length)) // Conditions for EMA Bounce bounce_high = close > ema_high and low = ema_low // Conditions for Pivot Points near_pivot_high = abs(close - pivot_high) / close < 0.01 near_pivot_low = abs(close - pivot_low) / close < 0.01 // Combine conditions entry_condition = (bounce_high or bounce_low) and (near_pivot_high or near_pivot_low) // Plot EMA High and Low plot(ema_high, color=color.green, title="46 EMA High") plot(ema_low, color=color.red, title="46 EMA Low") // Mark signals plotshape(series=entry_condition, style=shape.labelup, location=location.belowbar, color=color.yellow, title="Entry Signal")
founder luke young blood dumps everyday thats why the price is being suppressed.. the sheep refuse to listen.. warn people this at 8c.. price is now down -52%.. if this coin dead cat bounce to 8c make sure to sell if u havent already NYSE:WELL nfa
With the release of DeepSeek, it sent NASDAQ:NVDA tumbling 20%. If this continues over the coming weeks/months, here are some value areas to "buy the dip" if you're looking to get in.
Horizontal Channel EURUSD this week. Range 1.04600(bottom) - 1.05200
Yesterday, although gold bounced from 2750 and touched 2770, it melted from there to 2730. This strong fall signals a possible trend shift. However, insterestingly, I noticed a trend line support. With previous strong weekly gain in mind, I tend to believe this strong fall is a correction and preparation for a new ATH. But I will need PA to confirm. For today's trading, I will plan to sell from 2747 at first. Initial target will be 2727. If the trendline holds, I will engage buying orders. If broken, it could drop to 2700.