XAUUSD BUY ZONE Direction Support 1 Support 2 both add in chart's follow My Strategy if you want to need more information then join my channel link in Profile Bio
Technical Analysis for SPY: * Current Price: $607.50 * Trend Overview: SPY is currently trading within an ascending wedge pattern. This structure is often indicative of a potential pullback, but a breakout above the upper trendline could signal bullish continuation. * Key Levels: * Resistance: $610.78 (Recent high and top of the wedge). * Support: $600 psychological support, $592 for stronger confluence with the lower trendline. * Momentum Indicators: * MACD: Showing slight bearish divergence; potential short-term consolidation or pullback. * Stochastic RSI: Oversold levels signal reduced momentum but indicate a potential reversal opportunity. Gamma Exposure (GEX) and Options Analysis: https://www.tradingview.com/x/9F4glXPT/ * Options Activity: * Call Walls: * $610 with 94.83% GEX Call Resistance (Key for upward breakout). * $615 and $620 as upper resistance layers for bullish scenarios. * Put Walls: * $600 with a 90.2% Put wall presence. * $590 as the strongest support with concentrated negative GEX. * IVR: 11.4, signaling lower implied volatility. * Options Strategy: * Bullish Setup: Look for an entry on a breakout above $610 with a target of $615-$620. Use $600 as a trailing stop. * Bearish Setup: Consider bearish spreads targeting $600 if price fails to sustain above $607. Actionable Trading Plan: 1. Scalping Outlook: * Monitor price action near $607-$608. Quick intraday bounces or rejections can offer opportunities. 2. Swing Outlook: * A sustained breakout above $610 can confirm bullish momentum; set targets at $615, then $620. * Below $600, prepare for a retest of the $590-$592 zone. Conclusion: SPY is showing signs of consolidation near its highs, and key levels like $610 and $600 will play a crucial role in determining its next direction. Options activity aligns with resistance near $610 and major support near $590. Stay vigilant with stops and manage risk appropriately. Disclaimer: This analysis is for educational purposes only. Always do your own research and trade responsibly.
My Buyback is at: 1.9456 On The 12 Hour Chart The WizardOfRealms13
I also have USDCAD on my radar, expecting a buy overall, but for that to happen, I am expecting a third touch to the trendline above or an arc at the ray line above to short for a third touch on the daily trendline and place buys from there.
Technical Analysis (TA) for Trading: * Trend Overview: QQQ has shown steady upward momentum recently, forming a rising wedge pattern on the 1-hour chart. However, it's now testing the upper trendline, signaling potential consolidation or reversal. * Key Support and Resistance Levels: * Immediate Resistance: $533.82 (recent high). * Intermediate Support: $520 (aligned with the second PUT wall and historical support). * Major Support: $499.70 (a critical level and PUT support zone). * Indicators: * MACD: Displays a bearish crossover, suggesting a loss in bullish momentum. * Stochastic RSI: Dips into oversold territory, indicating a possible bounce if buyers step in. * Volume: Declining during the latest pullback, which may indicate a lack of strong selling pressure. GEX Analysis for Option Trading: https://www.tradingview.com/x/hOkyErnu/ * Call Gamma Walls: * Strong Resistance: $535 (60.76% GEX). * Next Resistance: $540 (47.79% GEX). * Put Walls: * Support Levels: $520 (-42.76% GEX) and $500 (-48.06% GEX). * Implied Volatility (IV): * IVR: 10.1. * IVx Average: 17.3. * Sentiment: * Puts account for 21.1%, while GEX sentiment remains slightly negative, hinting at cautious outlooks from options traders. Trade Setups: 1. Bullish Scenario: * Entry: Above $533.82. * Target: $540. * Stop-Loss: $530. 2. Bearish Scenario: * Entry: Below $528. * Target: $520. * Stop-Loss: $532. Actionable Insights: * Watch for a breakout above $533.82 with strong volume to confirm bullish continuation. * A break below $528 could signal a bearish pullback to test $520 support. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research before trading.
This post is also educational and now as we can see the pump and breakout was fake and the fall started:https://www.tradingview.com/chart/BTCUSDT/sbV6gZGS-Bitcoin-major-sign-of-Stop-loss-hunting-and-dump-seen/ so the question is this that why we are looking for below 100K$ or 90K$? 1. first reason: stop loss hunting which is mentioned as i said before makes a good volume and liquidation for them to enter the position and make a good profit and if you take look at chart we have two Fakeouts at same time and with one high volume candle it is all done, yes the first one is those sellers which enter with resistance of red trendline and the other sellers also joined with resistance of ATH and both of them which used high volume now are out because they had the Felling that if Bitcoin break ATH it will pump and they put stop loss close and both get loss and gets out of trade + we have two major buyers which get in the trade to open long and first are those who enter after breakout of trendline and add more volume after ATH broke and others are those who open long after ATH breakout and were looking for more rise and gain so soon their stop loss will also hit or already done and that is another good volume for them. 2. second reason: usually like previous time which we can see fake breakout we have good move to the upside or downside and i think the dump just started and it will continue more at least to 90K$. Always do your own research and also remember more reasons and ... will cause this fall and here i mentioned two of them you can add more in comments and mention why we are looking for more fall? DISCLAIMER: ((trade based on your own decision))
Disclaimer: This analysis is not a trading advice but a personal opinion only published for the sack of study. Greetings: What do you think about Bitcoin today. kindly share your opinion in the comment section BTCUSD Price Now: 100300 Currently market has experienced a huge drop which was necessary because market had to retest and find the new supporting area for hitting a new All Time High. BTCUSD is still bullish and can go further high. I think its the best area for buy till 105000 which can show a little resistance but if it breaks this resistance then its next target will be 107500. Market is working under a fixed range even if goes down it would not be a drastic fall. Supporting Areas: 100000, 98000 Resistance Areas: 105000, 107500 Demand Zone: 107500 Like, comment and support for more updates on BTCUSD Thanks for your support
Trading Analysis: * Current Trend: PLTR is showing strong upward momentum, breaking out of a rising wedge pattern. However, it's approaching resistance near $80, with $85 being a major level to watch. * Support Levels: Immediate support is at $74, followed by a stronger base at $72.50. * Resistance Levels: Resistance stands at $80, with $85 marking a significant overhead level. * Indicators: * MACD: Shows bullish momentum but starting to flatten, indicating a potential slowdown. * Stochastic RSI: Entered the overbought region but beginning to curve downward, hinting at possible consolidation or minor pullback. * Volume: Consistently higher volume on bullish candles, suggesting strong buyer interest. Gamma Exposure (GEX) for Options Trading: https://www.tradingview.com/x/vebq4o5c/ * GEX Levels: * Call Walls: * $80 (Highest positive NETGEX and Gamma Wall). * $85 (Third CALL Wall, signaling strong resistance). * Put Walls: * $72.50 (Second PUT Wall). * $60 (Primary support from options data). * IVR & IVx: Elevated IVR at 81.2 and IVx average at 78.5, suggesting PLTR options are relatively expensive. This is suitable for strategies like spreads or covered calls. * Options Sentiment: Calls dominate with 76% GEX allocation, confirming bullish sentiment. Actionable Suggestions: 1. Bullish Scenario: * Entry: Above $80 with confirmation of breakout. * Target: $85 (next major resistance level). * Stop-Loss: $74. 2. Bearish Scenario: * Entry: Below $74 if price rejects $80 resistance. * Target: $72.50 and potentially $70. * Stop-Loss: $80. 3. Option Strategy: * Bull Call Spread: Buy $80 call and sell $85 call for a risk-defined bullish setup. * Short Put: Sell $72.50 put to capitalize on strong support and elevated IV. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage your risks before trading.
This week, the FED and ECB will announce interest rates. These events will cause significant market volatility and shape the pair's next moves. On Friday, EURUSD continued climbing, reaching 1,0521. Keep an eye out for further gains before the news, followed by a potential correction at key levels. Lower your risk and trade only when there's a solid reason!
?#BEL Analysis : ?As we can see in the chart of #BEL that there is a formation of "Falling Wedge Pattern". In a daily timeframe #BEL broke out the pattern. Expecting a bullish move in few days if #BEL retest the levels ⚡️What to do ? ?Keep an eye on #BEL price action. We can trade according to the chart and make some profits⚡️⚡️ #BEL #Cryptocurrency #TechnicalAnalysis #DYOR