PEPPERSTONE:NZDHUF has reached a key support level, which has historically acted as a strong demand zone, leading to bullish reversals. The recent decline into this area suggests a potential opportunity for buyers to regain control and push prices higher. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candle, or long lower wick, would strengthen the case for an upward move. If buyers step in, price could rally toward 222.600. This setup aligns with a short-term bullish outlook within the broader market structure. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
The Price Playing At The Bullish Flag And Also Yesterday We Had a Nice Bounce From 3050$ Support Area, My Expectation Is a Breakout From The Bullish Flag Toward a 3850$ And 4840$ As a Next Targets
While the sharp decline in Nvidia's stock price made headlines yesterday, let’s assess the actual technical damage caused by the move. Attached is a weekly chart, displayed with logarithmic scaling. This scaling method is used because Nvidia's share price has grown exponentially over the past few years, making percentage-based changes more meaningful for analysis. On a logarithmic scale, vertical spacing represents percentage changes, ensuring a consistent visual representation of relative movements. Key Observations: 1. Trend Break Confirmation The first notable point is that Nvidia's uptrend, which began in 2022, was broken not yesterday but several weeks ago. This predated the recent sell-off, indicating the potential for weakness had already emerged. 2. Critical Support Levels The sell-off now approaches two significant technical levels: o The 55-week moving average (MA) at 112.46. o The 38.2% Fibonacci retracement level at 98.52. These levels are worth monitoring closely as potential support zones. Questioning the Trend The pressing question is whether this marks the end of the bull run or merely an aggressive correction within an ongoing uptrend. For now, I lean towards the latter interpretation, as there isn't sufficient evidence to declare a full trend reversal. A single day of sharp decline doesn’t necessarily confirm the onset of a bear market—at least not yet. Final Thought One down day, while significant, doesn't define a bear market. It’s important to watch how the price action unfolds around the aforementioned support levels to gain clarity on the longer-term trajectory. Not investment advice ________________________________________ About Logarithmic Scaling Logarithmic, or "percentage," scaling ensures that equal vertical distances represent equal percentage changes. For example, the vertical distance between 10 and 20 (a 100% increase) is the same as the distance between 50 and 100. This scaling is particularly useful for analysing stocks with large price growth over time. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Franc Yen is consolidating and may either break to the upside or downside. This correction phase seems to be a bullish flag, and if it successfully breaks with an attitude of settling out off the flag, price may push up. However, struggling to go up and break this phase down, may seem price action go down.
... for a 34.85 debit. Comments: Starter position. Selling the -75 delta call against shares to emulate the delta metrics of a 25 delta short put, but with the built-in defense of the short call. Metrics: Buying Power Effect/Break Even: 34.85 Max Profit: 1.15 ROC at Max: 3.30% 50% Max: .58 ROC at 50% Max: 1.65% Will generally look to take profit at 50% max, add at intervals, assuming I can get in at strikes/break evens better than what I currently have on, and/or roll out the short call if my take profit is not hit.
Selling AUD USD on 15 Minute Becase - price hitting a zone on 15M and 1 hour - heavy bottom candle on 15 indicates low liquidity fib on 15M and 1H - SELL 1:3 half a percent risk
Elliott Wave and Fibonacci Retracement Analysis of Market Trend Introduction The image presents a technical analysis of a financial market instrument using Elliott Wave Theory and Fibonacci retracement and extension levels. The chart showcases a completed five-wave impulse sequence followed by an ongoing corrective ABC pattern. This analysis is crucial for traders and investors to anticipate potential price movements and identify key support and resistance levels. Elliott Wave Theory Interpretation The chart follows Elliott Wave Theory, which is based on the principle that financial markets move in repetitive cycles driven by crowd psychology. The structure in the image follows the five-wave impulse pattern (1-2-3-4-5), which is then followed by an ABC corrective pattern. Impulse Wave (1-2-3-4-5) Wave (1): The first upward move, marking the initial bullish trend. Wave (2): A corrective move that retraces part of Wave (1). Wave (3): The longest and strongest wave, confirming the uptrend. Wave (4): A pullback after Wave (3) but does not overlap Wave (1). Wave (5): The final push higher, completing the bullish trend. The impulse sequence peaks at Wave (5), suggesting the exhaustion of the bullish trend. ABC Corrective Wave Pattern After the completion of the five-wave cycle, the market enters a correction phase, labeled as Wave A, Wave B, and Wave C. Wave (A): The initial decline from Wave (5), signaling a trend reversal. Wave (B): A corrective retracement to the upside but remains below Wave (5). Wave (C): The final downward move, often extending beyond Wave (A). Wave (C) typically completes the correction at key Fibonacci extension levels. Fibonacci Retracement & Extension Levels Fibonacci levels play a crucial role in identifying key support and resistance zones during both the impulsive and corrective phases. Retracement Levels (for Wave B) 38.2% (24,985.80) 50.0% (24,634.75) 61.8% (24,283.75) These levels are potential resistance zones for Wave B before the continuation of Wave C downward. Extension Levels (for Wave C Target) 100.0% (23,147.45) 127.2% (22,338.35) 161.8% (21,309.15) These levels act as potential support zones where Wave C may find a bottom. Key Observations Wave (5) marked the market top and initiated the ABC correction. Wave (B) is retracing within Fibonacci levels and may confirm a reversal. Wave (C) is expected to extend towards 127.2% or 161.8% levels, indicating potential downside targets. A bullish reversal is likely near the 161.8% extension level, aligning with past market behavior. Conclusion This analysis suggests that the market is in a corrective phase following an extended uptrend. The Fibonacci retracement levels provide key resistance points for Wave B, while the extension levels highlight possible targets for Wave C. Traders should monitor price action near these Fibonacci levels for potential trend reversals or continuation patterns. This structured approach helps traders and investors anticipate future price movements with a higher degree of confidence using Elliott Wave and Fibonacci analysis.
Looking for a short entry to trigger between 10am and 12pm ET today. Probably not going to get it, price looks like it wants to melt for the CB Consumer Confidence release at 10am. We'll see.
Globally, the coin has an bullish structure, while locally it is in consolidation. At the moment, it has reached an order block + deviation near the lower boundary of the consolidation, so a long position and spot can be considered. Growth targets: Target 1 = 13.21 Target 2 = 15.78 Target 3 = 19.44
Gold yesterday took out liquidity and consolidated for a while now it just made a change in a state of delivery now there's probabilities gold will continue going long, because there's also a FVG formed that wiull confirm my entry so am gonna place a buy limit on 2747.205 and target the low hanging fruit the latest high that i see and call it a day, but yhere's prpbabilities that it migh continue going long or not trigger my entry, but am comfortable with that i will wait for the trade to come to me.