Lets reclaim 1.59 lvl and 3$ WIf is on a table If all goes well I see WIF 5$ + this cycle
Although gold printed a green daily bar, the momentum is not strong. In my opinion, gold is still bearish. If we see accumulation around 2682 and the resistance holds, we could see drop to 2665. If 2665 broken, it will open way for 2642.
USDJPY 4H strong uptrend line needs to be retested and could be a possible buy opportunity and low risk. Good LUck
Here's a good lesson on spotting EUPHORIA. I was over a friend's house who is a retail crypto trader on Thanksgiving. He was telling that I had to buy $CHILLGUY because its the biggest meme ever. I didn't even bother looking at the chart because of my past experience knowing how to gauge market sentiment, but I replied, "you telling me this should be an instant sell signal for you". From that day on, it was DOWN-ONLY 80% for the next 1.5 months ?
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.
01.14.2025 / NYSE:SIG Fundamentals. Negative background due to lower fiscal fourth-quarter sales guidance. Technical analysis. Daily chart: We mark the nearest level 56.07, formed by the trend break in June 2023. Premarket: Gap Down on moderate volume. We mark the premarket level 60.28. Trading session: The price tests the premarket level after the opening and forms a pullback that does not exceed the opening impulse. After breakdown 60.28 level, we observe its retest on decreasing volumes. We consider a short trade in case the level is held. Trading scenario: breakdown with retest of 60.28 level Entry: 59.95 upon confirmation of the level holding by several touches and the appearance of volumes for sales. Stop: 60.76 we hide it behind the high of the retest. Exit: Close part of the position before the strong daily level of 56.07. Close the rest of the position at 55.00 after an unsuccessful attempt to update daily low. Risk Rewards: 1/5 P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information .
DGKC has printed bullish divergence on RSI on 1H timeframe and has broken previous LH and downward trendline indicting a short term Long position until R1. My entry, TP and SL are marked on the chart.
Gotta nice inverse that can play out here. Targets would be 590 break that and 596 can happen?
As we have always said Semis are the new transports. SMH hit the 200 Day SMA on the daily chart. It has been forming a symmetrical wedge pattern. It has an equal opportunity to break out towards upside or downside. The RSI has been oscillating between 60 and 40 since Nov 2024. Watchout the SMH chart to confirm if stock market bull market is intact.
This is my idea when gold moves in the coming hours and is not investment advice.