TVC:DXY has shown an impressive rally from the 100 zone, forming three major bullish legs, each contributing approximately 4% gains. These bullish phases have now brought the index close to the critical 110 level. However, in the third major leg, we observe the formation of three minor legs, signaling some hesitation as it nears the resistance zone. While many expect the index to break through 110 easily, I anticipate price swings around the 109-110 range, and even the possibility of a deeper pullback before resuming its upward trend. With the NFP data release today, we might see increased volatility, offering opportunities for a potential DXY decline before any further rise. Stay alert for sharp market moves! ?
Key Elements in the Chart: Price Movement: The price is currently at $76.23, showing a bullish move of +2.67%. There is a visible uptrend after bouncing off a support zone. Key Levels (Green Horizontal Lines): $72.95: A significant support level. $82.00, $84.28, $86.64, $88.92: Potential resistance levels, with $88.92 being the upper target. Descending Trendline: A long-term descending trendline acts as resistance, and the price appears to be breaking out or retesting this line. Target Zone: Marked in yellow, indicating a potential short-term target where the price may consolidate or face resistance. Wave Analysis: Labeled "a," "b," and "c," it represents a corrective or impulsive wave structure, suggesting a move towards higher levels. Gray Box (WCL): A key area of accumulation or support, possibly a weekly close level (WCL), where significant buying interest occurred. Projection: The white arrow indicates a potential bullish continuation towards higher resistance levels. A pullback might occur near the green zone before the next leg up. Observations: Bullish Momentum: The breakout above resistance suggests further upward movement, provided the price stays above $75.37–$74.54. Next Resistance: The target is likely $82.00–$84.28 if the breakout is confirmed. Pullback Scenario: If the price fails to hold the breakout level, a retest of the WCL zone or $74.54 is possible. Strategy: For Buyers: Look for confirmation of the breakout above the trendline and target higher resistance levels. For Sellers: Watch for signs of exhaustion near the target zone or resistance areas.
This stock exhibited highly volatile movements this week, accompanied by remarkable volumes. It attempted to break out above its previous high of ₹970 but failed. The subsequent correction occurred on low volumes. A POM is scheduled for January 12th, suggesting the possibility of significant news. An inverted hammer candlestick has formed, indicating an excellent risk-to-reward opportunity. The support level can serve as the stop loss. The stock should be analyzed primarily on the weekly timeframe, as charts on other timeframes, including the daily, are extremely noisy. The weekly chart, on the other hand, is clear and well-structured.
https://www.tradingview.com/x/K753gZIO/ Bitcoin looks bullish after a test of a key daily/intraday horizontal support. The price violated a resistance line of a minor falling channel and formed a local Change of Character CHoCH. Chances are high that the price will continue growing. Goals: 96900 / 100000 ❤️Please, support my work with like, thank you!❤️
FX:EURUSD The entry zone is marked with a blue arrow, reflecting a potential breakout above a consolidation area. The risk-to-reward ratio is well-defined, with a stop-loss (SL) set at 1.02982, and two take-profit (TP) levels at 1.03177 (TP1) and 1.03392 (TP2). Key support and resistance zones are highlighted, emphasizing price action near critical levels. This analysis suggests a short-term upward momentum while maintaining clear risk management.
Its as simple as following a trend. In my opinion, there are 2 types of traders, trend traders and range traders. I prefer to fade range trading because it is very easy to get chopped up. The first step to being a trend trader is to first Identify a trend. I do this by using the Keltner channel. It lets me know two things: Market has pushed with enough emphasis that the move could have continuation. The Keltner channel objectively identifies the trend for me. This way I do not have to rely on my own discretion. https://www.tradingview.com/x/sAwhHLJl/ Secondly, I patiently wait for a pullback https://www.tradingview.com/x/U1k0yi60/ Lastly, I look for an entry on a "breakout bar" or an inside bar and I place a stop order entry just above this. https://www.tradingview.com/x/Uh3dgq1p/ Its as simple as that. There is no more magic to this formula. There are many other ways to enter a trade on the pullback. For instance you could place a limit order at the previous bars EMA value (EMA with an offset of 1). I have linked a my complete editor's pick Keltner channel strategy to this article. If you want even more in depth detail on this strategy check out my website in my profile. Good Luck and Good Trading!
Assuming similar patterns repeat post-2024 halving, #BTC chart extrapolates historical trends to project a potential future top of $213K+- https://www.tradingview.com/x/1RRgmE7p/ - Bitcoin’s price tends to rise significantly after each halving due to reduced supply. - Each cycle has shown increasing price tops, though the percentage gains decrease over time. 2012 Halving: The first halving we saw #Bitcoin rally to a peak of $1,100+- in Nov 2013. 2016 Halving: The 2nd halving, #BTC reached a top of $19K+- in Dec 2017. 2020 Halving: The 3rd halving led to a rally to a peak of $69K+- in Nov 2021. Projected Peak (Post-2024 Halving): A potential peak of approximately $213K+-
Gold price (XAU/USD) gains some follow-through positive traction for the fourth consecutive day and trades at its highest level in nearly a month above $2,680. Market focus shifts to US labor market data, which will feature Nonfarm Payrolls and wage inflation figures.
The chart displays the S&P 500 Index from the TradingView platform. It shows candlestick patterns reflecting price movements, a yellow line at the 5,927.89 level that appears to act as a resistance level, and a projection of future movement, suggesting an upward move to the resistance followed by a sharp decline. Technical Analysis and Possible Actions: Resistance Level (5,927.89): This level may serve as an area of increased selling pressure. If the index reaches this point and shows signs of reversal (e.g., a bearish candlestick pattern or weakening indicators), it could signal a selling opportunity. Action Plan: Look for confirmation to enter a short position near the resistance. Use technical indicators like RSI or MACD to check for signs of overbought conditions or momentum loss. Potential Downside Targets: Support levels seem to be around 5,904 or lower, depending on the strength of the downward move. Technical Indicators: The lower part of the chart shows indicators that may point to the strength and momentum of the current trend. Ensure they align with the expected move for confirmation.
ethusdt short ?Please don't be greedy ENTRY : yellow point TP : blue lines SL : below red line for LONG position above red line for SHORT position ⛔️INSTRUCTIONS 1: Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss ⛔️INSTRUCTIONS 2: For risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20