In this idea we will demonstrate how to apply the new Bollinger bars indicator.
Reposting my previous post, because I forgot add the Sl tp and entry points
Giant cup and handle to $150k for btc with confirmation bounce already happening. Long position with stop loss below 100k for a 60% move.
Technical Analysis (30-Minute Chart and 1-Hour Chart) * Trend and Price Action: * On the 30-minute chart, GOOGL is in a consolidation phase after a strong upward move, forming a flag-like pattern. * On the 1-hour chart, the price has pulled back from its recent highs near $202.50 and is finding support near $194.87. * Volume: Declining volume during the pullback indicates the selling pressure may be losing momentum, which aligns with the possibility of a continuation of the prior bullish trend. * Indicators: * MACD: Shows signs of a potential bearish crossover, reflecting decreasing momentum but not yet confirmed. * Stochastic RSI: Near oversold levels, indicating a potential reversal or consolidation phase. * Key Levels: * Support Levels: * $194.87: Immediate support; breaking below this level could lead to a retest of $190.00. * $187.50: A significant support level, with GEX data indicating strong PUT activity. * Resistance Levels: * $202.50: Immediate resistance; aligns with prior highs and a CALL wall. * $205.00-$210.00: Extended resistance cluster with notable CALL interest. GEX Insights for GOOGL https://www.tradingview.com/x/aZOVj3MD/ * Gamma Exposure (GEX): * Positive GEX Zones: * $202.50: Key CALL wall, acting as a strong resistance zone for upside movement. * $205.00: Significant CALL wall, with additional resistance near $210.00, signaling heightened seller interest at higher levels. * Negative GEX Zones: * $194.00-$192.00: Heavy PUT concentration, indicating a critical support cluster. * Below $190.00: Negative gamma exposure increases, suggesting higher volatility. * Options Metrics: * IVR (Implied Volatility Rank): 59%, indicating moderately elevated options pricing. * Options Flow: * CALLs: Dominant near $202.50 and $205.00, reflecting potential resistance at these levels. * PUTs: Concentrated below $195, with heavy protective positioning at $190 and $187.50. Trade Scenarios: Bullish Scenario: * Entry: Above $195.50 with confirmation of buying momentum. * Target: $202.50 (initial), $205.00 (extended). * Stop-Loss: Below $194.00 to limit downside risk. Bearish Scenario: * Entry: Below $194.00 with strong selling volume. * Target: $190.00 (initial), $187.50 (extended). * Stop-Loss: Above $195.50 to cap losses. Conclusion GOOGL is consolidating near $195, with $202.50 acting as a critical resistance zone. A break above $202.50 could trigger further bullish momentum, while a breakdown below $194 could lead to increased selling pressure toward $190 or lower. GEX data confirms these levels as pivotal for directional movement. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk responsibly. Let me know if you need additional insights or refinements!
Remember trend is your friend until it ends. After examining this instrument on multiple tf and with no drawings on my chart is was evident that we are in a W4 triangle on Dtf. We breakout long this week! #indices #trading
Team, I hope you all enjoy the festive season and look forward for our trading success in 2025 with all of you we are looking to enter LONG DOW at 42757-42472 STOP LOSS at 42385 Target at 42515-35—Once it hits the first target, take a partial 50%- 70% and bring the stop loss to the ENTRY LEVEL. Target 2 at 42576-42609
The GBP/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Target Levels: 1st Support – 1.7787 2nd Support – 1.7722 ? Please hit the like button and ? Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
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