This is the weekly for IONQ, a very volatile quantum name with high short interest. It has tested the EMA and has formed a 2 bar bullish reversal pattern. I would go long above the last weeks bullish bar and place a stop beneath. Best of luck! -MrJosephTrades
Analyzing the options chain and the chart patterns of OUST Ouster prior to the earnings report this week, I would consider purchasing the 20usd strike price Calls with an expiration date of 2026-1-16, for a premium of approximately $0.75. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Bitcoin’s price has been showing signs of a sustained downtrend after forming a double top pattern. The recent action, combined with low volume and failure to breach key resistance zones, points to a likely retest of lower levels. Over the weekend, the price couldn’t break past the 85K resistance, and the low trading volume around this level suggests that buyer interest is waning. 6H TF Chart: https://www.tradingview.com/x/KLayGnJO/ Big Picture vs. Short-Term Action On a higher timeframe (6H), my indicator neatly outlines the bear market of 2022 and the bull market that started in early 2023—when the “cloud” turned green, signaling a shift in momentum. The cloud's lower boundary is currently at $73,364, which is key. Imo, holding above 70K is critical for keeping that bullish vibe alive. 1H TF Chart: https://www.tradingview.com/x/qfCUfHvt/ Switching over to the 1H chart, the picture shows a bearish structure. The upper resistance around 95K (which aligns with the yearly open near $93,455.85) is proving a solid resistance. The anchored VWAP from the all-time high also sits right at this level, adding more weight to the resistance. Bulls need to clear this yearly open to signal a true recovery. Key Levels & Confluence Zones 1.) Upper Resistance – 93K to 95K: The 95K zone aligns closely with the yearly open ($93,455.85) and the anchored VWAP from the all-time high, both acting as resistance. Daily moving averages (62 EMA at ~$91,316 and 62 SMA at ~$94,900) provide further confluence. Additional resistance between 85K-86K. 2.) Critical Support – 73K to 70K Zone: The lower edge of the cloud on the 6H timeframe sits around 73K. The 0.382 Fibonacci retracement (from the low at $15,473.78 to the all-time high at $109,354) is at $73,492, while the 0.618 retracement (from $49,217 to the all-time high) is around $72,205. Moving Averages on Weekly Chart: The weekly 62 EMA ($72,919) and 62 SMA ($71,590) align well with this support region. Additional Support: A bullish monthly order block at $71,320 adds another layer of confluence. Psychological Importance: A hold above 70K is critical to maintaining bullish momentum. 3.) Monthly Open – $83,385.74: This level serves as a pivot: price is currently hovering below it. A reclaim by bulls would be a positive sign for higher price action, while a rejection reinforces the bearish setup. Trade Setups Long Trade Setup: Entry: Consider laddering in between 75K and 70K as the price retests support. Take Profit: Aim for the monthly open (~84K) initially, and if support holds and flips, a move toward 90K could be considered. Stop Loss: Set below 70K to protect against a further downturn. Short Trade Setup: Entry: A short setup can start at the monthly open, using a laddering approach between 84K and about 86.9K. Take Profit: Target the previous low or 74K. Stop Loss: Place just above 87K to keep risk in check. Thank you for taking the time to read through this technical analysis. I hope it provides valuable insights for your trading decisions. Happy trading!
https://www.tradingview.com/x/CGhMzeod/ I expect the price to rise to $3,007.5, followed by a pullback for consolidation before the next directional move to 2970, which will be determined during the London session."
This chart highlights a critical moment for Ethereum (ETH). With a solid technical setup and clear indicators pointing towards a potential 94% pump, we're on the verge of a major breakout and then very strong retest point. Watch closely as ETH prepares to surge to new heights. Whether you're a long-term holder or a trader looking to capitalize on short-term gains, now is the time to pay attention. Stay sharp, the next move could be monumental.
Monday is shaping up to be a crucial day for TSLA. The stock has been consistently testing the $250 level, and a break and hold above this zone could signal a return to an uptrend. If buyers step in and sustain the price above this resistance, we could see further bullish momentum. However, if TSLA fails to hold above this level, there’s a strong possibility of a drop back to $232, where the next major support lies. For now, I expect price action to fluctuate between the orange resistance and the blue trendline support. A breakout above or below this range would indicate the next directional move—either an upward continuation or a downward breakdown. Strategy for Monday: - If the price goes below the blue supporting line, short with a stop loss above $250.50 line and set profit to the red support at $232. - If the price goes above the orange line, set a stop loss at around $240 and set profit to $264 ~ $265 Disclaimer: This is my personal trading perspective and not formal investment advice. Always do your own research and manage your risk accordingly.
? Attention Traders! ? XAUUSD is heating up! Here's the latest analysis: ? Bearish Setup: Watch for a potential decline if the price breaks below 2979-3003. Key targets: 2960 & 2945. ? Bullish Setup: A breakout above 2911 could signal buying opportunities! Keep an eye on these targets: 3015 & 3030. ? Risk Management: Always protect your capital by setting stop-losses and adjusting position sizes based on your risk tolerance. Trading with discipline is key to success! ? Stay Engaged: Share your thoughts and strategies as we navigate through this volatile market. Let’s aim for new highs while managing risk effectively! ??
Broke out of downward channel. 4hr chart. Retest and now moving up in a wave 3 impulse to carry us past $3 and hopefully to $4 by wave 5. When complete in its entirety this is wave 1 of a larger wave 5 on the macro scale to take us to $6-$8
NSE:NIFTY Analysis and Trading Strategy Key Observations: Nifty Spot Price: 22,397.20 Max Pain: 22,450This suggests that option writers will try to move the market towards this level by expiry. PCR (Put-Call Ratio): 0.99PCR near 1.0 indicates a balanced market, with no extreme bullish or bearish bias. A rise above 1.2 suggests bullishness, while a drop below 0.8 suggests bearishness. OI (Open Interest) Data:Call OI Change: 430.58L (High call writing at resistance levels) Put OI Change: 369.91L (Put writing suggests strong support) Total Calls OI: 752.31L vs. Total Puts OI: 745.22L (Almost equal, indicating a neutral stance) Support and Resistance Levels: Immediate Resistance: 22,500 (Strong Call Writing) Immediate Support: 22,300 (Strong Put Writing) Next Resistance: 22,600 Next Support: 22,200 Trading Plan (March 17, 2025) Scenario 1: Bullish Setup (Breakout Above 22,450) Entry: Above 22,450 (Confirm breakout with volume) Target 1: 22,500 Target 2: 22,600 Stop Loss: 22,350 Reason:If Nifty moves above max pain (22,450), bulls will gain momentum. PCR indicates a balanced market, but a breakout with volume can trigger further upside. Scenario 2: Bearish Setup (Breakdown Below 22,350) Entry: Below 22,350 (Confirm breakdown with volume) Target 1: 22,300 Target 2: 22,200 Stop Loss: 22,450 Reason:Call writing at 22,500 suggests strong resistance. Breakdown below 22,350 may lead to further downside towards 22,300 and 22,200. Final Strategy: Bias: Neutral to Bullish (Watch for breakout above 22,450) Intraday Plan:If Nifty opens flat → Wait for breakout/breakdown confirmation If Nifty opens above 22,450 → Buy on dips If Nifty opens below 22,350 → Sell on rise
After the manipulation that caused us to exit at break-even, we can now look to enter a long position in the range of 87,000 to 88,000, with a potential profit and a risk-reward ratio of over 6. This analysis is based on a 2-hour timeframe, so we expect this to unfold within 24 hours. Make sure to follow me to keep trading together and stay updated on the latest developments!