Hey Traders, in this week we are monitoring US500 for a buying opportunity around 5650 zone, S&P500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5650 support and resistance area. Trade safe, Joe.
It may be disappointing to some, but we'd be still on a bullish macro trend. The big last move from early 2023 could be done. I can clearly see the five waves. However, this won't be cyclical due the halving 3 bullish straight years, and that makes me feel "Wave 5 isn't done yet" more than "This time is different." Let's see.
Price is at heavy support and resistant zone /supply let find entry at lower time frame and sell... Our to is entry again bcos we have demand and qml
(4H Timeframe) Analysis: Support Level: 68.00 This is a key level where buyers are likely to step in and support the price. Resistance Level: 75.00 This is the potential target zone where the price may face resistance or reverse. Trade Setup: The price is consolidating near the 68.00 support level, indicating potential bullish momentum. A breakout above the current levels could push the price towards the 75.00 target. Entry Point: Enter above 72.00 after confirmation of a breakout. Stop Loss: Place below 67.50 to limit risk. Target: Set a take profit at 75.00. Risk Management: Always maintain a risk-to-reward ratio of 1:2 or better. Trade within your risk tolerance and avoid over-leveraging. Technical Indicators: Trend: Bullish Chart Pattern: Higher Highs and Higher Lows Additional Confirmation: Look for bullish signals on RSI and MACD indicators. Disclaimer: This analysis is for educational purposes only and should not be considered as investment advice. Conduct your own research and prioritize risk management.
https://www.tradingview.com/x/L4FWfshy/ For those who missed the SHORT on FTM, don't miss the LONG that is almost here on the 1 hour, 4 hour and daily charts. We just need to see some volume increase and a few green candles and this should have a nice rebound. Currently oversold on all timeframes. The FVG on the daily has been touched, we may go a few cents lower to the Weekly FVG. Take profit level at this stage would be at the 0.9395 (0.5 Fib Level and Bearish FVG Resistance Level). If it breaks through this, 1.18-1.19 would be another take profit level (Fib 1.0 and Bearish FVG Resistance.
There are 3 major trendlines, 2 starting at the 1929 peak, 1 at the 1972 peak. Will SPX blast through the 1929-2000 trendline, or has something else been unleashed? I expect a breakout in 2025-6 to be rejected, only to resurge parabolically toward 2030.
Dear all my trader friends. As I wish disciplined life for you then you can figure out how I care about you. HAPPY NEW YEAR . . We are still in a down trend till a shot under 2600.00 Dollar. Thats a psychological trick to make fear in market. . . So many other news are here that seems nothing is normal like Donald Trump wants to replace BTC with Gold. Its even crazy to talk about and seems to be a over 5 years plan. So i dont care about it I want trade this Lovly XAU daily.
The #altcoins run literally continues to pile up there!
Hi traders happy new year am seeing 0.92400 as our strong support zone for possible reversal am expecting market to hit that level n pull back to 0.88300 according to the strategy however soo far I can't tell you what will happen but I respect support n resistance and candlesticks soo whatever that market will create will give us the reason to sell or to buy this career is difficult and there is nothing that doesn't work,everything works but you need to know to know were to use them n when to use them all tools works invest in knowledges?
Good place for enter Arguments - high OI on purchases - no exits mostly on last few tens minutes - good plpace level