Technical Analysis: 1. Current Price and Trend: * NVDA is trading at $135.62. * The stock appears to be consolidating within a range after a recent decline from its highs near $153.74. * The MACD indicates bearish momentum but shows signs of flattening, suggesting potential exhaustion of the downtrend. 2. Support and Resistance Levels: * Immediate Resistance: $143.88 (key resistance zone and prior breakout level). * Immediate Support: $134.13 (near-term support from recent price action). * Additional Key Levels: * Resistance at $153.74 (local high). * Support at $126.35 (major support area). 3. Price Action: * The stock is trading close to its immediate support at $134.13. A break below this level could trigger a move towards $130.00 or lower. * If the price holds above $134.13 and breaks $143.88, it may attempt a recovery toward $153.74. 4. Volume Analysis: * Recent volume has decreased, indicating a lack of strong conviction in either direction. 5. Outlook: * A breakdown below $134.13 could accelerate bearish momentum, while a sustained move above $143.88 might attract buyers. GEX Options Insights: https://www.tradingview.com/x/oR8yZlLu/ 1. Key GEX Levels: * Positive GEX/Call Resistance: $153.00 - $154.00 (significant resistance level where options activity indicates high call positioning). * Gamma Wall: $144.00 (highest positive NET GEX, potential resistance zone). * Put Support: $130.00 (highest negative NET GEX, potential strong support level). 2. Options Metrics: * IVR (Implied Volatility Rank): 17.2 (low), indicating less expensive options. * IVx Average: 46.5 (moderate volatility). * Call Activity: 15.4% of GEX indicates more calls are being traded, supporting potential bullish sentiment. Trade Setups: 1. Bullish Scenario: * Entry: Above $143.88. * Target: $153.00 - $154.00. * Stop-Loss: Below $140.00. 2. Bearish Scenario: * Entry: Below $134.13. * Target: $130.00 - $126.35. * Stop-Loss: Above $137.00. 3. Neutral Strategy (Options): * Utilize iron condors or credit spreads around key GEX levels ($130.00 - $154.00) to capitalize on range-bound movement. Conclusion: * NVDA is at a critical juncture. Traders should monitor $143.88 for a potential breakout or $134.13 for a breakdown. Pre-market price action and volume will be essential to confirm the direction. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own due diligence and manage risk responsibly. For questions, please feel free to contact me directly.
There are some important data will be release on Tuesday, Wednesday, and Thursday. I would recommend not to open position before the data release. Here are some my idea for the next week: If the price of the Gold cannot break and hold over 2698, I would consider SELL. If the price of the Gold cannot break and hold under 2684, I would consider BUY. If it break and cannot hold above 2684, then SELL.
I discuss the GP ratio and how t predicts changes in the market environment and consequent downturns
Over the last 24 hrs, XRP has broken through the descending resistance level. On the 4 hr. chart, at the present moment, it has re-established support at an pre-existing level where it got comfy twice back in December in the 1st and third weeks. Good to see XRP taking the steps to Price discovery:) Any tips, tricks, constructive criticism, funny thoughts, happy thoughts, advice is always appreciated. Cheers
This pair is definitely attracting my attention with a potential bearish movement. I'm still waiting H4 close to break support trendline as per drawn in the chart. Once broken, the movement to downward is more promising in my opinion. Good luck and happy trading.
* Price Levels to Watch: * Support Levels: $385 (key PUT Support Zone), $375, and $365 are critical downside levels. * Resistance Levels: $395, $415, and $425 are potential upside targets, with $415 aligning with a significant call wall. * Current Market Structure: * TSLA is consolidating within a tightening range, forming a potential triangle pattern. Price has been oscillating between $385 and $395, indicating indecision. * A breakout or breakdown from the current range will likely set the direction for the next significant move. * Indicators: * MACD: Currently flatlining, indicating low momentum. A crossover in either direction could provide confirmation of the next move. * Volume: Decreasing during consolidation. Watch for a volume spike during a breakout/breakdown. Options & GEX Analysis: https://www.tradingview.com/x/MocLvKs0/ * Key GEX Levels: * Call Resistance: $415 (91.64% GEX9), $425, and $450. * Put Support: $385 (-55.38% GEX10), $375, and $365. * Highest Call Wall: $415, a critical level for upward movement. * Highest PUT Wall: $385, a significant support level. * Implied Volatility (IV): * IVR: 73, indicating higher implied volatility, which is suitable for premium-selling strategies. * IVX: 67.4, reflecting an elevated risk for directional trades. Potential Scenarios: * Bullish Case: * A break above $395 with strong volume could see TSLA targeting $415 or $425. * Entry: Above $395 with volume confirmation. * Target: $415, then $425. * Stop-Loss: Below $385. * Bearish Case: * A break below $385 could lead TSLA to test $375 and then $365. * Entry: Below $385 with volume confirmation. * Target: $375, then $365. * Stop-Loss: Above $395. Key Note for Pre-Market: * Price Action Reminder: TSLA might gap up or down during the pre-market session. Reassess the support and resistance levels before entering trades based on market movement. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading stocks and options involve risk, and you should conduct your research or consult a professional before making any decisions. If you have questions, feel free to contact me directly.
Looking at BTC on the weekly we see a fractal forming that is very similar to the Sept. 2023 to March 2024 fractal with similarity in time and price. It appears BTC is trying to find support for its 2nd wave at the moment. It may find support in the $90,000. to $85,000. area. I would not be surprised to see a spike down to the $80,000. area to fill the CME gap. From there BTC may reach the $167,000. area on completing its 3rd wave around the last week of March.
COMEX:GC1! " A life is not important except in the impact it has on other lives." -Jackie Robinson As we head into the 2nd trading week of the New Year I hope everyone has a HIGH SET Goal that they want to achieve. Let's be strategic in our goals and make sure we put forth rightful action that will get us the results we desire. In this sport we play there is no Reward without RISK... So let's get down to business on what exactly were looking for this week to STRIKE GOLD for the HOUSE to benefit... Confluence Profile 500K (Expectational Order-Flow + PA) 15-20pt STOP / 60-100pt Target Key info; On average GOLD runs for 240pts LONG or SHORT during NY session 5am-2pm PST. Our Playbook: We cut 240 in Half = 120pts as our new GOAL to catch for the DAY (Intra Day) Pillar 1) HTF EOF "Market Direction" In which direction are we headed? Who has the stronger hand? Currently Buyers have the stronger hand on the HTF's Daily & 4Hr. We just broke above the Daily Swing EQ Level ($2696.5) and have officially entered the Daily Supply Zone ($2719.0). **** Scenario LONG #1) Now this is my Narrative to go LONG if and when price has a slight reaction out of the Supply Zone and sellers push GOLD down towards Daily Swing EQ Level ($2696.5) I will then head to the Order Flow Footprint Chart to watch very very closely if buyers start to change the expectation of orders from bear flow to bull flow from the Key Level ($2696.5). OR **** Scenario LONG #2) If sellers remain dominant and push price lower past EQ Level my next target will be 4Hr Sub. X Level ($2681.0). I will then head to the Order Flow Footprint Chart to watch very very closely if buyers start to change the expectation of orders from bear flow to bull flow from the Key Level ($2681.0). Or **** Scenario LONG #3) Sellers remain Dominant and push price past EQ level & 4Hr Sub X. Level and come to mitigate the HTF Daily Demand Zone below ($2664.0). I will then head to the Order Flow Footprint Chart to watch very very closely if buyers start to change the expectation of orders from bear flow to bull flow from the Key Level ($2664.0). Once we get our Confluence Profile 500K to flow in symmetry together; HTF Mitigation w LTF Entry Confirmation / Order Flow Footprint + PA we then will enter our positions INTRA DAY.... Key Note: LTF Pro Trend is LONG & LTF Counter Trend is SHORT.... Either way is Profit!! Done correctly at the right time & price. I will keep update as more date in the PA develops throughout the week. Remember; "Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ consistently. Done correctly, well Abundance awaits us." -500KTrey https://www.tradingview.com/x/Tp5JoBbr/ https://www.tradingview.com/x/AAFoIPZg/
Price is moving in bullish trend. No bearish divergence is formed. Ascending channel further indicates continuation of bullish trend.
Directional Bias AAPL is currently recovering from a recent low of $233, attempting to break above critical resistance at $240. The price action is consolidating, suggesting the possibility of a breakout or continuation of the downtrend. * Bullish Scenario: If AAPL breaks above $240 with strong volume, it may target the $247–$250 zone. This move could align with a broader market rally or improved sentiment. * Bearish Scenario: Failure to break above $240 could lead to further downside, with $233 acting as immediate support. A break below this level may drive the price toward $220. Key Levels to Watch * Support: * $233: Immediate and strong support. * $220: Major support zone if $233 is broken. * Resistance: * $240: Key resistance. A breakout above this level may signal bullish momentum. * $247–$250: Critical resistance zone, aligned with the Gamma Wall and historical price levels. GEX (Gamma Exposure) Options Analysis https://www.tradingview.com/x/xf7qAsJD/ * Key Insights: * $240: High PUT wall resistance; crossing this level could lead to a bullish shift. * $247–$250: Positive Gamma exposure indicates a price magnet if bullish momentum builds. * $233: Moderate PUT support; breaking below could lead to bearish acceleration. * Options Bias: AAPL’s current setup shows bearish tendencies, but breaking $240 could trigger a gamma-induced rally. Thoughts on Market Direction The market direction will largely depend on whether AAPL can sustain momentum above $240. Volume and MACD are showing early signs of a potential bullish divergence, but confirmation is necessary. Keep a close eye on pre-market developments. Actionable Steps 1. For Bulls: * Entry: Above $240 (confirmed breakout). * Target: $247–$250. * Stop-Loss: Below $233. 2. For Bears: * Entry: Rejection near $240 or a break below $233. * Target: $220. * Stop-Loss: Above $240. Pre-Market Reminder Please review this analysis during the pre-market session, as gaps up or down can significantly alter the trading plan. Adjust your strategy as needed. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and consider your risk tolerance before trading.