If it goes above its latest top price, we can expect a new trend.
Hello It seems gold will be ranging during the festive season. Short term buy idea with proper risk management
after long down trend & Consolidation Plug looking good at cmp
XAU/EUR will go up! I expect the price to reach at least 2508 Trade safe!
Good day to all, Recent market movements in the DOW and SPY have demonstrated a sharp upward trend without any significant pullbacks. This deviation from typical market behavior suggests the possibility of artificial manipulation rather than organic growth. One major contributing factor appears to be the Federal Reserve's aggressive rate-cutting policies. By lowering interest rates, the Fed has incentivized borrowing and increased liquidity in the market, creating upward pressure on asset prices. While this move may have been aimed at stimulating economic activity, it has also introduced distortions, pushing equities higher at an unsustainable pace. This type of rally, driven more by monetary policy than by strong economic fundamentals or corporate performance, increases the risk of a sudden correction. A lack of major pullbacks could indicate overextended positions in the market, as investors chase the momentum fueled by easy money conditions. In light of this, my strategy is to remain cautious and focus on identifying potential reversal points. With the DOW and SPY showing signs of being overbought, I'll monitor key technical indicators and macroeconomic data for signals of a potential correction or trend reversal. The Fed’s policy shift highlights the importance of aligning my trades with broader economic factors. This environment underlines the need for discipline in risk management, as artificially driven rallies can be unpredictable and volatile. PEPPERSTONE:US30 NYSE:DOW
Super Micro Computer, Inc. (SMCI) has recently cleared fraud allegations through an independent probe, leading to a significant stock surge. However, with 15.67% of its shares shorted and a short interest ratio of 1.0 days, the stock remains volatile. Key catalysts that could force shorts to cover include the approval of SMCI’s compliance plan by Nasdaq, following its recent appointment of BDO USA as auditor to resolve financial reporting issues, and its participation in investor events like the Barclays Global Tech Conference on December 7, 2024. These developments, combined with heightened investor interest and potential short squeeze dynamics, suggest a highly volatile near-term outlook.
Bitcoin Rainbow Wave: A Chart's Journey This indicator humorously maps Bitcoin's price journey: Banana Zone: Marks the start of the bull run, where prices begin to rise. Moon Zone: Represents the peak where Bitcoin aims for astronomical highs. Red "No-Miss" Zone: The expected top; here, the market might hit its zenith before correction. For a detailed analysis, check the Bitcoin Rainbow Wave community indicator on TradingView.
The price made a new high and break of 100k!! overall is in total buy trend but...is this going to be a small fakeout and return of the price to 95k? or more? or maybe just a 50% retrace and a cointinuation? we'll see!
Trading Plan for Bank Nifty – 06-Dec-2024 Intro to the Previous Day's Chart Pattern: On 05-Dec-2024, Bank Nifty displayed a remarkable journey, testing critical levels and forming significant zones. Profit Booking Zone (₹54,472–₹54,787): Wave C extended zone acted as a stiff resistance. No-Trade Zone (₹53,396–₹53,702): Represented indecision near Wave C completion, where the trend remained unclear ( Yellow Trend ). Opening Support Zone (₹53,067): Held well to initiate bullish recoveries ( Green Trend ). Deep Retracement Zone (₹52,400–₹52,600): Marked by Fibonacci levels (113%-127%), offering a strong demand area ( Green Trend ). The day concluded with a consolidation between critical zones, setting the stage for decisive moves on 06-Dec-2024. Trading Plan for 06-Dec-2024 Gap Up Opening (+200 Points): If Bank Nifty opens near or above ₹54,000 , expect resistance at the Profit Booking Zone (₹54,472–₹54,787) . Action Plan: Watch for rejection or bearish patterns near ₹54,472 . Short positions can be initiated with targets of ₹54,000 and ₹53,702 . Sustained breakout above ₹54,787 with strong volumes signals continuation of the bullish rally. Long trades can target ₹55,200 and ₹55,450 . Risk Management Tip: Use tight stop-loss for short trades above ₹54,787 . In options, consider selling OTM calls above ₹55,000 for time decay advantages. Flat Opening (Near ₹53,600): A flat opening near the No-Trade Zone (₹53,396–₹53,702) demands caution. Action Plan: If Bank Nifty sustains above ₹53,702 , initiate long positions targeting ₹54,472 . Below ₹53,396 , expect a dip toward the Opening Support Zone (₹53,067) . Look for buying opportunities with bullish signals at this level. Risk Management Tip: Avoid aggressive trades in the No-Trade Zone. Wait for a clear breakout or breakdown before entering trades. For options, use spreads like bull call spreads to minimize risks. Gap Down Opening (-200 Points): A gap-down opening near ₹53,067 or below will test critical supports. Action Plan: If Bank Nifty stabilizes above ₹53,067 , expect a recovery toward ₹53,396 . Long trades can be initiated with proper risk-reward setups. Failure to hold ₹53,067 opens the door to the Deep Retracement Zone (₹52,400–₹52,600) , where buying opportunities may arise for targets of ₹53,067 and ₹53,396 . Risk Management Tip: For high volatility scenarios, trade lighter positions. Use option strategies like straddles or strangles to capitalize on premium spikes. Summary and Conclusion: Resistance Levels: ₹54,472, ₹54,787 Support Levels: ₹53,702, ₹53,067, ₹52,400 Key Levels to Watch: Rejection at ₹54,472 or breakdown below ₹53,067 will determine intraday momentum. Follow the trends: Yellow (Sideways), Green (Bullish), Red (Bearish) . Tips for Options Trading: Use proper hedging strategies like spreads to limit losses. Avoid over-leveraging in volatile conditions. Disclaimer: The above analysis is for educational purposes only . I am not a SEBI-registered analyst. Please perform your research or consult a financial advisor before trading. Market risks are significant; trade responsibly.
Explanation of the updated and new to be releasd indicators