Amazon (AMZN) Stock Price Surpassed $230 for the First Time On 12th November, while analysing Amazon (AMZN) stock chart, we: → drew two ascending channels (a long-term one marked in blue and a steeper one represented by black lines); → anticipated a test of the $200 level as part of a correction. According to the AMZN chart, since then: → the price corrected with a test of the $200 level (indicated by an arrow), aided by the median line of the blue channel; → it continued to climb within the mentioned channels, reaching a new all-time high — this week, the price hit $233. Positive market sentiment is driven, among other factors, by: → Amazon's strong earnings report for the previous quarter; → expectations of a Federal Reserve rate cut, which helped the Nasdaq 100 index reach a new record, as we reported yesterday. Can the price continue rising? https://www.tradingview.com/x/2zQ76aPc/ Technical analysis of Amazon’s stock chart today suggests this might be challenging because: → the price is near the resistance lines of both channels; → the RSI indicator is in the overbought zone, and you can spot a bearish divergence forming (a sign of weakening buyer momentum). Given these arguments, the price could undergo a correction. If so, it might drop to the lower boundary of the short-term black channel. According to TipRanks: → 45 out of 46 surveyed Wall Street analysts recommend buying AMZN stock; → on average, they predict AMZN’s price will reach $244 within 12 months. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
The XAUUSD is currently at $2646 Looking for a 6pts Bullish Run towards $2652. (Direction for LTF-Trades)
In Shorter TF, Index should reverse from the level around 110100 - 111000. Important Support Levels: S1 108500 - 110392 S2 105825 - 107445 Important Resistance Level: 116700 - 117100 To continue the Bullish Momentum, Index needs to Break & Sustain 117100.
Bitcoin is moving in a Parallel channel, it will drop to $100.000
Dear Traders, Gold price still Range between 2635-2650 . i Mixed Classic Pattern&Price Action in chart, 1-Head&Shoulder Target : 2670 2-(0.38 Fibo Level : 2669) 3- Fibonacci TrendBase Extention : 2672 4- Clean Order block 2672 Area , 5-(wave 3 Minor(almost completed) and we will have some correction to UP) Totally : 2670-2672 is very Safe for Sell to target 2615-2620 ( for tonight) "If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content." Regards, Alireza!
Bitcoin ( BINANCE:BTCUSDT )is approaching the Resistance zone($105,560-$104,940) , Downtrend line , and Cumulative Short Liquidation Leverage($105,654-$104,709) . According to Elliott's wave theory , Bitcoin seems to be completing wave 4 . Probably wave 4 will end in the Resistance zone($105,560-$104,940) . I expect Bitcoin to go towards filling the CME Gap($103,325-$101,840) AFTER breaking the Support line . ⚠️Note: US indices (Federal Funds Rate, FOMC Economic Projections, FOMC Statement) can affect the trend of Bitcoin; the possibility that the market will get excited when the indices are announced is very high.⚠️ ⚠️Note: If Bitcoin breaks the Resistance zone($105,560-$104,940), we can expect Bitcoin to rise further, especially if Bitcoin touches $106,200.⚠️ ?Please respect each other's ideas and express them politely if you agree or disagree.? Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. ?Be sure to follow the updated ideas.? Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button ?? & Share it with your friends; thanks, and Trade safe.
The FED is set to make a decision on interest rate cuts todays. The market has them priced in already and I doubt the FED wants to surprise markets. Going forward into 2025 I don't think they cut in Q1 for this reason. This video covers: * patterns in tech stocks that resemble some climatic activity. * patterns in consumer stocks * Trades I currently in * One Good Trade series trades * Possible setups for today
Looking at the trend structure over the last 8 months, we can see a pattern play out. Since April, pullbacks of between 3.5% and 7% have been part and parcel of the Dow Jones’s trend structure. (highlighted in red) The current pullback of 3.5% falls within this range. Note also how our trend filter remains mostly green and grey, with speckles of red, since April, in line with the long-term bull trend. The index has now fallen to the d50sma (orange line), where we want to see it find support, bounce, break out and continue its climb to 50,000, as it has done since April. The Dow Jones is also a good example of how trend structures can change despite no change in direction. October to March saw a much faster trend, using the d20sma (blue line) as support, eventually breaking through in April and leading to a change in trend structure. The Dow Jones is currently lagging behind the Nasdaq 100, which is setting record highs above 20,000 for the first time, and the S&P 500, which has settled into a mini consolidation above the 6000 level. We ideally want to see Santa deliver in the final 2 weeks of December. However, if the indices and stocks don't show new trend continuations through the rest of 2024, we want them to hold within consolidation, which will act a bases for trends in the New Year. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment. :0) See below for more information on our trading and trend-following techniques. As always, keep it simple, keep it Sublime.
ABSI: Long term up view -Quasimodo pattern in Monthly TF. -Accumlation range in down channel. -Demand zone support at the buy entry. -Demand volume confirmed. US STOCKS- WALL STREET DREAM- LET'S THE MARKET SPEAK -
Last week, ?EURAUD reached a key rising trendline on the intraday chart. Although the market had been consolidating horizontally for some time, the contact with the trendline triggered an upward movement. The pair has since broken above the range's resistance and closed higher. I expect the bullish momentum to continue, with targets at 1.6697 and 1.6763.