Greetings Everyone, Happy New Year! To kick off the year with momentum, I've revisited and updated the MSTR chart for fresh insights. Not financial advice MicroStrategy (MSTR) is a leading business intelligence and analytics company, well-known for its significant investments in Bitcoin. Its stock price is closely tied to both its core business and Bitcoin's performance, making it an exciting watch for 2025. Key Levels: Near term key levels are highlighted in orange. Overthrow : A concept in EW theory that explains the momentous break of a uptrend channel which then reverses strongly in the opposite direction often indicating buyer weakness. Notice the 47.88% draw down since this overthrown candle. Wishing you all a prosperous year ahead and a fantastic day! Best regards, CL
Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives
I had posted in 26th december on 1414 that natga mean reversion started but for some strange reason it opened straight 70 points down the next day. My view is same right now but my SL is updated to 360 which is very high. So thread accordingly. 26th December view- https://cdn.discordapp.com/attachments/514674950221725699/1321760626606997554/image.png?ex=6775a942&is=677457c2&hm=e45e729ed5a7e12b4a51ba21eec6399ffc4149290685091e76dc07b3be781b3d&
On the NAS100 chart, the price has reached a key resistance zone (highlighted in purple) after a strong upward movement and is now facing selling pressure. This zone has acted as a significant support/resistance area multiple times in the past. Expectations: Based on this analysis, the price is currently in a corrective move and is likely to move toward the support zone at 20,750 - 20,950. Proposed Scenario: If the bearish momentum continues and this support zone is broken, the price could decline further. However, if the price bounces off this zone, it may present a good opportunity to re-enter long positions. Key Resistance: 21,250 Key Support: 20,750 This analysis is based on price behavior around key support and resistance levels. Let me know if you’d like any modifications or additional details!
Gold has a nasty compression. Although techncially it is easy to see the bet of long side is most logical but if you zoom out and see in higher timeframe, the view is on short side. So, Timeframe analysis does not align at all. Selling a stradle. On BEP break I will take delivery i.e if it breaks upside, I will retain a short view. If it breaks downside, I will retain a long view. My bet is - It will fall this year.
is showing continuously showing good result qtr by qtr . and now in 3(2) wave expecting good result this quarter and might break the trendline and show exponential price rise.
#XLM has bounced off the EMA200 on the 8H chart and is ready to break out above the trendline. In case of a breakout, the targets are: ? $0.4416 ? $0.5215 ? $0.5860 ? $0.6505 ? $0.7424 ? $0.8594
I am sure many of you are also interested. Lets trade.
? Chart Context: This analysis outlines the long-term Elliott Wave perspective for the Invesco QQQ Trust (QQQ), a tech-heavy ETF tracking the Nasdaq 100 Index. The current structure highlights a bullish trajectory with anticipated corrections before the next impulsive leg. Elliott Wave Breakdown Macro Structure: - QQQ is in a right-side bullish structure, showing impulsive waves consistent with a long-term uptrend. - Wave (III) was completed around 2021, followed by a multi-phase correction that formed Wave (IV). Current Progression: - Wave (V) reached a peak near $511.23, completing the first subwave of the larger bullish cycle. - A corrective Wave II is anticipated, forming an ABC pattern, targeting deeper retracements. Wave II Projection: - Wave A may find initial support in the $460–$480 range. - Wave B is expected to rebound before Wave C completes the correction near $420–$440. Invalidation Level: - The invalidation level for the bullish structure stands at $254.38. A break below this would negate the current wave count. Key Levels to Watch Support Zones: - $480: First key support during Wave II correction. - $420–$440: Deeper support for Wave C completion. Resistance Zones: - $560: Immediate resistance zone, marking the next potential peak for Wave III after correction. For Long-Term Investors: - Accumulation Zone: Between $420–$480 during the Wave II correction phase. - QQQ presents a strong case for holding and adding positions as the broader bullish structure remains intact. Fundamental Catalysts Macro Environment: - QQQ remains sensitive to Federal Reserve policies, especially interest rates, which heavily influence tech valuations. - Economic growth in the tech sector will likely sustain the bullish narrative. Tech Sector Growth: - Continued advancements in AI, cloud computing, and other disruptive technologies will bolster the underlying Nasdaq 100 companies. Conclusion The QQQ chart aligns with a strong bullish Elliott Wave framework, with short-term corrections providing opportunities for strategic entries. The long-term trajectory suggests higher highs in the next wave cycle, targeting levels beyond $580. ? Drop your thoughts below! Are you holding QQQ for the long run, or trading the upcoming correction? ?
This is Monthly chart of Union Bank Stock has given breakout and currently at Law of polarity Stock has support is around 90-100 Currently Stock is around 120 One can expect stock to touch 220-240 in weeks to come Thank You !!!