Nasdaq (NDX) is having a very aggressive correction early into the week, mostly due to Chinese start-up DeepSeek. Fundamentals aside, this move has taken the index back to its 1-month Support Zone, which has given an excellent buy entry 3 times already. At the same time, it has come the closest to the Higher Lows trend-line that has been in effect since October 01 2024, while the 4H RSI entered its oversold (
**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
Harmonic Pattern Trading Strategy: 1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy. 2. Implement proper risk management. 3. Limit exposure to 3% of capital per trade. 4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity. 5. Conduct thorough diligence and analysis before trading. Disciplined approach = Enhanced edge.
Hello Followers I am going to publish my very first technical setup on XAUUSD, So share your opinion in comments about my analysis.. XAUUSD is currently working in a parallel channel, XAUUSD is going for long cause it has already touched the support of parallel channel s lower line and now it is breaking the middle line of parallel channel. According to my analysis XAUUSD will reach to 2800 if it break the resistance 2782. If XAUUSD fall from here then will thee is a pivot area around 2749 if it also break this then will reach the next support around 2730. KEY POINTS: CURRENT PRICE 2769.00 RESISTANCE AREA 2782.00 TARGET 2800.00 PIVOT 2749.00 SUPPOER AREA 2730/2725 feel free to support my charts and also share it with your friends if you love my charts..
Cryptocurrency prices are under significant pressure and could face further declines in the coming days, especially with support levels still out of reach. Altcoins have been hit particularly hard, leaving many to wonder just how much lower the market might fall and whether this presents a buying opportunity. The total market cap currently shows a descending triangle pattern, suggesting there could be an additional 7% drop before reaching the $3 trillion support level. Unless a major catalyst emerges to shift market sentiment, the downtrend is likely to persist. Adding to the uncertainty, recent developments include Trump’s announcement of a task force set to deliver proposals within 180 days. This means any major policy changes are still months away. Meanwhile, attention is turning toward a sell-off in tech stocks and potential trade disputes between the U.S., Mexico, and Canada, which could kick off as early as February 1. This weekend, the U.S. and Colombia engaged in a dispute over the denial of landing rights for military planes carrying Colombian immigrants. This incident led to the U.S. imposing tariffs on Colombia, which prompted retaliatory measures. The situation highlights how quickly such tensions can escalate. While reports indicate that a resolution has been reached, the risk of further conflicts remains a significant concern for the markets. What is your take? Are you buying the dip or will you wait? This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Hi guys we are going to take a look into the USD/JPY Currently we can see that the price had a very sharp decline, which one of the main causes was the BoJ (Bank of Japan) implementing a 0.25% interest rate increase , making the interest rates from 0.25% to 0.50%. Currently Japan is indicating to continue increasing the interest rates so they can bring stability to their economy, and more specifically the Japanese Yen. Now on the other side of the spectrum we saw that we would have a limited amount of interest rate hikes in the U.S. for the yaer of 2025 , but a bold statement coming from President Donald Trump, indicates that we can see more interest rates than analysts predicting. This trade we are looking in is more short-mid term. Entry: 153.900 Target 1: 154.650 Target 2: 155.200 Target 3: 155.900 SL: 153.050 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Dear Traders, As I mentioned in yesterday’s market analysis, if gold does not break below the 2760-2750 support zone during its retracement, it is highly likely to breach the 2800 threshold later this week. Taking advantage of today’s pullback, we initiated long positions near 2756. Although gold briefly dipped to 2747, it quickly rebounded above 2750, indicating the potential for continued upside momentum. Currently, gold is trading around 2769, and our long positions are already yielding a solid profit. If gold follows the anticipated trajectory and rises further, I will closely monitor its performance in the 2770-2775 zone. Should it struggle to decisively break through this resistance, I may consider a short-term short position to capitalize on a potential pullback. Bros, do you think gold will break through 2800? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
**Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
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Chinese AI firm DeepSeek has emerged as a potential challenger to U.S. AI companies, demonstrating breakthrough models that claim to offer performance comparable to leading offerings at a fraction of the cost. The company’s mobile app, released in early January, has lately topped the App Store charts across major markets including the U.S., UK, and […] © 2024 TechCrunch. All rights reserved. For personal use only.