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Hey Traders, in today's trading session we are monitoring US500 for a buying opportunity around 5940 zone, S&P500 is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 5940 support and resistance area. Trade safe, Joe.
1. Technical Analysis (TA): Daily Chart (Longer Timeframe): * Trend: QQQ is in an uptrend but showing a rising wedge pattern, which can indicate a potential pullback if broken. * Key Resistance: * 533: Current high; price is testing this level. * A breakout could lead QQQ to test 536–540. * Key Support: * 525: First support area aligned with horizontal structure. * 522: Second critical support. 1-Hour Chart (Shorter Timeframe): https://www.tradingview.com/x/10ZqVScr/ * QQQ is consolidating near resistance levels and forming a wedge. * Volume: Decreasing slightly, which indicates hesitation at higher levels. * MACD: Mixed momentum; slight bearish divergence on the 1H timeframe. 2. GEX Analysis for QQQ (Options Insights): https://www.tradingview.com/x/KHqk3NHi/ Key GEX Levels: * Highest Positive Gamma (CALL Wall): * 530: Strongest resistance area where upward moves may slow or reverse. * 534–536: Additional resistance from the 2nd and 3rd CALL Walls. * PUT Wall Support: * 525: Significant support where price may stabilize if it declines. * 522: Acts as the next strong support level. Options Sentiment: * IVR: 5.8% – Very low implied volatility, meaning options are cheap. * PUTs: 14.8% – Limited PUT positioning shows low bearish pressure. 3. Trade Setups (Options and Trading): Bearish Setup (Short Bias): * Entry: Rejection near the 530 CALL Wall. * Target: * First target: 525 PUT Wall. * Extended target: 522 PUT Wall. * Stop-Loss: Above 534. * Option Strategy: * Bear Put Spread: Buy 530 PUT, Sell 525 PUT. Bullish Setup (Short-Term): * Entry: Break and close above 530 with strong volume. * Target: 533–536 CALL resistance. * Stop-Loss: Below 527. * Option Strategy: * Bull Call Spread: Buy 530 CALL, Sell 536 CALL. 4. Directional Bias: * Tomorrow: QQQ may face rejection near 530 due to CALL wall resistance. A pullback to 525 is likely if volume weakens. * Next Week: * Watch for a breakout above 530 for a bullish continuation. * A breakdown below 525 opens up 522 as the next downside target. Key Levels to Watch: * Resistance: 530, 533–536. * Support: 525, 522. Final Thoughts: Combine price action signals with GEX levels to guide trades. Options setups can focus on PUT spreads for bearish moves or CALL spreads for bullish breakouts. ? Short Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
This pair has engineered lots of sellside liquidity to the downside with short & long term lows. This 1HR OB seems to be in play. We can look for addition entries to the downside to take out old lows. Follow the money !!!
BTC is in Bullish momentum , Even though last 26 days was in sideways range making it a flag . Monthly and weekly both are up. 5 Dec candle is significant in terms of volume and price is in the range of its high and low ( Daily). MACD is in positive zone , RSI is above 60 signify momentum. if it breaks out expecting target up to 114000. Open and Low of todays candle is same , only problem is volume, its less then average . View is my own and not an investment advice but for learning purpose only .
I no longer think there will be this liquidation move lower before heading higher and I actually think we have started the next leg up already. I base this on the election cycle and what Bitcoin previously did. Look back from week Dec 14th to first week of Jan and Bitcoin went up over 100% in 2020 with a very similar ascending wedge pattern. Almost identical.
Plug Power Inc. (PLUG) appears to be nearing the end of its bearish trend, based on the principles of the Wyckoff method. Over the past three weeks, I have observed a significant increase in trading volumes, which could indicate a classic accumulation phase. Key Levels and Targets: Key Resistance: $2.65 – A breakout above this level, confirmed with strong volumes, would signal the completion of accumulation and the beginning of a markup phase. First Price Target: $5.00 – This represents a significant upside potential in line with the anticipated upward momentum. Supporting Factors: Volume Activity: Recent weeks show increasing volumes, suggesting strong buyer interest. Wyckoff Structure: The current price action aligns with the final stages of the accumulation phase and anticipates a possible breakout. Traders and investors should monitor the $2.65 level closely for confirmation of this scenario. A successful breakout could open the path toward the $5.00 target in the coming sessions.
AEVO shows good accumulation and several bullish signals. It reminds me of the Goldfinch chart. Overall I would expect a return to the $2 area minimum. I like the project in terms of the funds and the market maker that is here. Wintermute have started to spread coins around the exchanges, this is a signal to fly, the pumping software will be activated soon! Buckle up! Horban Brothers.
Here is a simple long idea for the VELO1USDT token. The fib retracement tool has been drawn on the original push, and we can see that the first fib extension take profit target was hit prior to a period of BTC price instability which generated the price action shown in the red box. Now that BTC has stabilised, price momentum has once again picked up, and there is a potential for a breakout trade to aim for the second fib extension target (indicated by the red arrow). A tight stop here to account for any Monday morning BTC price swings, and we could see an ~8:1 trade play out.
Am Freitag hat unser Dax mal den Sprung nach oben gewagt, doch in den Flugmodus bzw. die Trendfortsetzung kam er erstmal nicht wieder rein. Guten Morgen :) Marken mit Wichtigkeit und hoher Reaktionsfreundlichkeit für heute und die nächsten Tage sind meiner Meinung nach: 20730, 20425, 20360, 20205, 20120, 19895, 19600, 19480, 19335, 19250, 19120, 19050, 18880, 18760, 18600 Chartlage: positiv Tendenz: seitwärts um abzukühlen Grundstimmung: positiv Da unser Dax zum Donnerstag nichts geschafft hatte und noch immer in seiner Range zur Seite schlug galt die alte Einschätzung vorerst weiter. Sollte es ihm gelingen sich über der 20430 zu etablieren sind oben weiterhin 20470 / 20500 erreichbar gewesen. Sollte er dort nicht hart nach unten abgewiesen werden, könnten darüber noch 20560 und 20700 folgen. Würde er aber runter drehen sind 20360 und darunter selbst 20320 und auch 20270 / 20250 möglich gewesen. So die Zusammenfassung der letzten Analyse. Unser Dax probierte es dann über der 20430 kam aber nicht nachhaltig über die 20500 hinweg, sodass man ihn wieder nach unten abwies bis erstmal knapp vor die 20360 von der er sich dann wieder erholte. Ich würde das damit dann erstmal als Fehlausbruch auf ein neues Hoch oben werten. Weist man ihn zum Montag nun schon eine Etage tiefer nach unten ab, also unterhalb von 20470 könnte er somit erneut 20360 anlaufen und dann darunter schon mal bis zur 20320 vorstoßen. Vermutlich würde das dann zum Montag bereits erstmal reichen und er sich das tiefere Tief unter 20270 / 20250 dann noch zum Dienstag aufsparen. Sollte er aber sehr motiviert in die Verfallswoche reinstarten und von Beginn an klar über 20470 / 20500 handeln, würde ich ihm erstmal ein Auge zudrücken und ihn noch zur 20560, 20600, 20670 und auch 20730 durchlassen. Die Scheine bleiben gleich. Für Aufwärtsstrecken der PG70KW KO 18600 sowie GQ9CGN KO 17000 und für Abwärtsstrecken der GG34Z4 KO 21400. Fazit: Unser Dax hat das neue Hoch am Freitag nicht gestanden bekommen und sich wieder zurück gezogen. Weist man ihn am Montag nun schon unterhalb von 20470 wieder nach unten ab, sind unten nochmal 20360 und drunter auch 20320 erreichbar. Gelingt das könnte er am Dienstag dann mal ein neues Tief unter der 20270 probieren. Sollte er hingegen aber von Beginn an über 20470 / 20500 handeln, sollte man ihm wohl Raum hin zur 20560, 20600, 20670 und auch 20730 lassen.