Gold vs Silver ratio is now short. This implies that Silver is rising faster than gold on a % basis. I am considering what action to take on this trade.
On the daily timeframe, gold is still within a consolidation range of 2880 - 2930. Special attention should be given to when this range is broken. Yesterday’s upward movement indicates strong bullish momentum. Key Levels to Watch: 2956-2960: ATH resistance zone 2927-2930: Upper boundary of the consolidation range 2922: Key intraday resistance 2915-2917: Chip accumulation zone 2907: Short-term support 2895: Secondary intraday support 2880: Key intraday support Short-Term Trading Strategy: For SELL: Consider entering if the price breaks below 2914. Watch 2910 for potential support; if the decline continues, keep an eye on 2907, 2903, and 2900. For BUY: Consider entering if the price stabilizes above 2918. Watch 2920 for confirmation; if the price continues to rise, monitor 2922, 2925, and 2928. Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
EURNOK short on the regression break. It is now sitting within consolidation - I will not take this trade.
Market Structure Overview * Downtrend continuation observed with rejection at the Reversal Zone. * Price is currently consolidating just below the downward trendline, struggling to break out. * Volume suggests buyers are stepping in, but not convincingly enough for a strong reversal. Key Support & Resistance Levels * Support Zones: * $78.00 – Psychological support and highest negative NETGEX level. * $75.00 - $70.00 – Put wall zone, potential last strong support before further downside. * Resistance Levels: * $80.00 - $82.00 – Key breakout zone from the current wedge. * $88.00 - $90.00 – Major resistance from the 2nd CALL Wall. * $95.00 - $100.00 – Strong Gamma Wall and CALL resistance. Indicators & Momentum * MACD: Trying to cross bullish but lacks momentum—still in negative territory. * Stoch RSI: Near oversold and pointing upwards—short-term bullish impulse possible. * Volume: Increased slightly, but not confirming a breakout yet. GEX & Options Insights https://www.tradingview.com/x/LijLNr29/ * PUT Support: Strongest negative NETGEX level near $78.00, showing that options market expects support here. * CALL Resistance: Highest concentration between $88.00 - $100.00, suggesting a tough breakout level. * IVR: 99.4, indicating high implied volatility. * Options Flow: Calls at 18.1%, slightly bullish but still mixed sentiment. Potential Trade Setups * Bullish Case: * Entry: Above $82.00 with confirmation of strength. * Target: $88.00 - $90.00 for the first target, $100.00 for aggressive move. * Stop Loss: Below $78.00 to cut losses early. * Bearish Case: * Entry: Rejection at $80.00 - $82.00 and failure to break trendline. * Target: $75.00, then $70.00 if downside continues. * Stop Loss: Above $85.00 if momentum shifts bullish. ? Final Thoughts: PLTR is at a critical juncture—a breakout above $82.00 could trigger a bullish reversal, but failure to hold $78.00 might bring further downside. Keep an eye on volume and momentum shifts for confirmation. ? This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk before trading.
Probability: High Position: Long Context: 1H/4H bullish imbalance
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Market Structure Overview * TSLA has been in a downtrend channel, forming lower highs and lower lows. * It has now entered a reversal zone, potentially signaling a short-term bottom. Supply and Demand Zones * Support Zone: $217 - $230 (Reversal Zone) * Resistance Levels: $250, $270, and major resistance at $304.50. Key Technical Observations * Falling Wedge Pattern: The stock is testing the lower trendline support, indicating a potential breakout. * MACD Crossover: A possible bullish crossover is forming, suggesting momentum shift. * Stochastic RSI Oversold: TSLA is rebounding from oversold conditions, indicating potential upside. GEX Analysis & Option Flow Insights https://www.tradingview.com/x/HqNaby1X/ * IVR: 85.5 (Elevated Implied Volatility Rank) * IVx Avg: 103.6 * Call Walls (Resistance): * $250: Moderate resistance * $270: Strong resistance * $300: Major breakout level * Put Walls (Support): * $217: Strong support * $200: Extreme support level Trade Scenarios Bullish Case (Breakout Above $250) * Entry: Above $250 * Target 1: $270 * Target 2: $304.50 * Stop-Loss: Below $230 Bearish Case (Breakdown Below $217) * Entry: Below $217 * Target 1: $200 * Target 2: $190 * Stop-Loss: Above $230 Final Thoughts TSLA is currently in a high-volatility reversal zone. Watch for a breakout above $250 for confirmation of trend reversal, while a breakdown below $217 would signal further downside. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own due diligence before making trading decisions.
Price is currently bullish on the hourly. I would like to see price come back down to fill the imbalance and tap back into the HTF OB to continue up but this idea may get invalidated if price just continues up from where its at. We will see but I will only be looking take buys if this scenario happens. Trade Safe -Remzy
? #GBPJPY Buy 189.4 - 189.2 ? Stoploss 188.8 Breakeven 189.45 TakeProfit 1: 189.6 TakeProfit 5: 190.4 TakeProfit 12: 191.8 TakeProfit 18: 193.0 TakeProfit 24: 184.2 Trade at your own risk Protect your capital The Wizard ?♂️ Monday 03/10/2025 09 PM EST
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