Today will be gap down opening expected in banknifty. After opening it will take support at the level of 52550. Expected reversal from this level. Upside 52950-53000 zone will act as a resistance for banknifty. Below 52450 level strong downside rally expected in banknifty upto 52050 level.
Stock is in consolidation period. It can go either way. This is when a put calendar weekly debit spread of 45 delta and debit call calendar can work. Head I win, tail I win.
This is my first video so bear with me. let me know what you guys think.
ZRO broke out of its initial range and has formed an ascending triangle base above support. Looks ready to continue higher in coming days. VC favorite. No lockups until summer 2025
SOL retesting the prior range. Looks ready to breakout possibly on FOMC tomorrow
The pair broke through 1.4250 zone, and now we are near the next resistance level 1.4340 zone. It is heavily overbought, like so many other pairs. Stochastic high and MFI well quite extreme, so over time we will see corrective action, is my viewpoint (and no issue when we disagree). Strategy SELL @ 1.4310-1.4335 area and take profit near 1.4178.
61.8 fib level on the daily and on lower 1H. Could be a little risky but risk reward ratio is favorable.
Needs to break above $32. RSI is still strong above 50 level. Profit target $40 and beyond!!!
Traders! Watch this with a close eye because it is looking very good for today, everything from the higher time is looking good, and we are just waiting for the confirmation in entry timeframe. But mind you that patient is key!
FXOPEN:XAUUSD @Alexgoldhunter Price Action Analysis and Strategy Key Levels and Zones Order Blocks (OB): Upper OB: Around 2,653.023 USD Lower OB: Around 2,644.000 USD Break of Structure (BOS): BOS Level: Around 2,644.000 USD Fibonacci Retracement Levels: 0.786 Level: 2,653.09345 USD 0.705 Level: 2,651.001625 USD 0.618 Level: 2,648.75485 USD 0.5 Level: 2,645.7075 USD 0.382 Level: 2,642.66015 USD Volume Profile: Indicates areas with significant trading activity. Higher volume bars at levels like 2,644.000 USD and 2,653.023 USD suggest strong interest and potential support/resistance. Significant Price Levels: p1D High: Noted on the chart. Swing High: Noted on the chart. BMR Low: Noted on the chart. Buy Strategy Entry Point: Consider entering a buy position near the lower OB around 2,644.000 USD, especially if the price shows signs of support and bullish reversal patterns. Stop Loss: Place a stop loss below the lower OB or the BMR Low to minimize risk. Take Profit: Target the upper OB around 2,653.023 USD or the Fibonacci retracement levels (0.618 or 0.786) for potential profit-taking. Sell Strategy Entry Point: Consider entering a sell position near the upper OB around 2,653.023 USD, especially if the price shows signs of resistance and bearish reversal patterns. Stop Loss: Place a stop loss above the upper OB or the Swing High to minimize risk. Take Profit: Target the lower OB around 2,644.000 USD or the Fibonacci retracement levels (0.5 or 0.382) for potential profit-taking. Conclusion By using these price action techniques, traders can develop a strategic approach to buying and selling based on key levels and market structure. Remember to always manage risk with appropriate stop loss and take profit levels. Happy trading! ?? If you have any more questions or need further details, feel free to ask! Follow @Alexgoldhunter for more strategic ideas and minds