OANDA:SPX500USD The SPX500 is currently displaying notable divergence on the daily timeframe chart, highlighting resistance near $6121 while the critical daily fractal support teeters at $5920. Key Levels to Watch: Support and Resistance Dynamics: The index faces significant resistance at $6121. Meanwhile, maintaining support above $5920 is crucial to sustain current bullish sentiment. https://www.tradingview.com/x/S3h21f2y/ Confirmation of Support Breakdown: A decisive drop below $5920 would signal a potential retest of the weekly fractal support at $5776. This level's breach would confirm a false breakout above resistance, potentially leading to further downside for the index. https://www.tradingview.com/x/HjavLxTN/ Potential Downside Targets: If the SPX500 extends its decline below $5776, attention should shift to the 161.8% Fibonacci extension, projecting a deeper correction towards $5557. This scenario sets the stage for a potential bullish shark pattern formation near the golden Fibonacci extension level. https://www.tradingview.com/x/3yFueWOk/ Technical Patterns: Previously identified patterns include a bearish deep crab around $6042, suggesting possible downside targets around $5737, near the .382% Fibonacci retracement level. A subsequent bullish shark pattern aligns with the .50% Fibonacci retracement level, reinforcing a critical zone for potential reversals. https://www.tradingview.com/x/9DuFklX8/ Happy Trading, André Cardoso
a great opportunity in 12 to 12.4$ for ETC in the latest down wave.i think May or June is a good time for this correction and buying in the great zone.
? Greetings, Fellow Traders! Wishing you all profitable trades, sharp insights, and unwavering discipline in your trading journey! May your setups be strong, your risk management be solid, and your patience be rewarded. Markets may be unpredictable, but with the right strategy, mindset, and perseverance, success is always within reach. Stay focused, keep learning, and support each other—because in trading, knowledge and community make all the difference! Happy Trading & Green Days Ahead! ?? Netflix (NFLX) | Symmetrical Triangle Breakout Setup | 4H Timeframe-: Netflix (NFLX) has been consolidating within a symmetrical triangle pattern on the 4-hour chart, signaling an impending breakout. This formation suggests that the stock is in a phase of indecision, where buyers and sellers are battling for control. A breakout in either direction could lead to a strong move, making this an important setup to watch. ? Key Levels to Watch: ? Bullish Scenario: If NFLX breaks above the upper trendline of the symmetrical triangle with strong volume and confirmation, it could trigger a bullish rally. In this case, my first target would be the rising resistance line, which has historically acted as a key barrier for price movement. A successful breakout could indicate continued upward momentum, potentially leading to higher levels. ? Bearish Scenario: On the downside, if the price fails to hold the horizontal support level and breaks below the lower trendline of the triangle, it could lead to further downside pressure. In this case, I would anticipate a move toward the previously identified target zone, where buyers might step in to provide support. ? Trading Plan: Breakout Confirmation: I will wait for a strong close above or below the triangle or horizontal support zone with increasing volume to confirm the breakout direction before entering a trade. Risk Management: Stop-loss placement will be crucial to manage risk effectively. For a long position, I would place a stop-loss just below the breakout point, and for a short position, I would place it above the breakdown level. Price Action Monitoring: I will closely watch how the price reacts around the breakout level and key resistance/support zones. A retest of the breakout level with strong buying/selling pressure could provide additional confirmation. This setup presents a high-probability trade opportunity, but patience is key. Will Netflix break out to the upside and continue its bullish trend, or will it break down and test lower levels? Let me know your thoughts in the comments! Best regards-: Amit
#XAUUSD on new ATH 2830.4, now another new high can form but price needs to touch 2825.5 for the candle to be bullish, but first breakout below 2815 is sell confirmation, TP 2798.5-2792, SL 2825.5. Above 2825.5 holds 2 movement sell retrace or new high loading.
In trading and crypto world you have to be open to all possibilities. As we are seeing significant drop among alts and market makers manipulation. Money is withdrawed from markets and price is failing. BTC price action reminds me 2021 year when after ATH there was a 50% drop. Lot of similarities there - completed 5 waves, bearish div on higher timeframes, greed above 70/75, bullish sentiment, news etc. On the other hand, current drop already liquidated more than 2b usd in one day... We need to watch it closely and do not overtrade or do stupid FOMO. In these time lev trades are not recommended. THIS IS NOT A FINANCIAL ADVICE MANAGE YOUR RISK AND ALWAYS USE STOPLOSS
Silver (XAG/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 31.29 which is an overlap support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 31.06 which is a level that lies underneath a pullback support and the 50.0% Fibonacci retracement level. Take profit is at 31.97 which is a level that aligns with the 127.2% Fibonacci extension. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
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