Simple chart...read and follow arrows and guess for yourself.. If it follows my SPX Gann Box chart...she will head toward that line before working to the next sequence.
⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: China's manufacturing sector saw limited growth in December, while the services and construction industries showed signs of recovery. This reflects the initial impact of policy measures as China braces for potential trade challenges linked to tariffs proposed by US President-elect Donald Trump. In other developments, Reuters reported that Russia conducted a drone strike on Ukraine’s capital, Kyiv, early on New Year’s Day. The attack resulted in two deaths, at least six injuries, and damage to buildings in two districts. Explosions reverberated through the morning as Ukraine’s air force issued drone alerts. Meanwhile, the Israeli military intensified operations in northern Gaza, targeting a suburb of Gaza City on Wednesday, according to medics. Airstrikes in Shejaia claimed the lives of at least eight Palestinians. The Israeli military has not commented on the incident, and the identities of the victims remain unknown. ⭐️Personal comments NOVA: The uptrend continues, the long-term frame is recovering well, waiting for 2 liquidity zones to pay attention to: 2671, 2686 ⭐️SET UP GOLD PRICE: ?SELL GOLD zone: $2671 - $2673 SL $2676 scalping TP1: $2665 TP2: $2658 TP3: $2650 ?SELL GOLD zone: $2686 - $2688 SL $2693 TP1: $2680 TP2: $2670 TP3: $2660 ?BUY GOLD zone: $2638 - $2636 SL $2631 TP1: $2645 TP2: $2658 TP3: $2670 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
Am from trying to record a video but for some reason my voice is low and am not sure what it is.. - Maybe am not feeling well, or I have a cold. -Anyway I wanted to share with you this forex pair CAPITALCOM:USDCAD Which is following the rocket booster The rocket booster strategy has 3 steps: Step#1: The price is above the 50 EMA Step#2: The price is above the 200 EMA Step#3: The price has to gap up Now the price gap up, could also be a rally or when the price is generally at a new 52 week high. Its at this point that the price action finds support At this support level is your entry opportunity before another gap occurs in the future. Rocket boost this content to learn more Disclaimer: Trading is risky please learn risk management and profit-taking strategies. Also feel free to use a simulation trading tool before you trade with real money.
"As mentioned in my recent analysis, the price of oil could potentially surpass $75."
PPC- One week goes up, PPC- One week goes upPPC- One week goes up
Just to highlight, the two charts shows there is a (inverse) relationship. the USD is in fact very overbought Daily chart and therefore, the strategy to focus on NZDUSD is good for good reasons. the AUDNZD cross is overbought, i.e., the NZD suffered the most on the decline. It;s reflected in all NZD crosses. so most pairs, SELL USD and I prefer NZDUSD BUY for reasons to see a proper correction towards 0.5850 is my viewpoint.
The stock is trading in a symmetrical triangle pattern and taken support on lower trendline. One can take this for a target of upper trendline
When I analyse Bitcoin, I really focus on MACD. I don't trade Bitcoin. I use technical analysis to find a good entry point to buy Bitcoin. I use the following conditions to find a good entry point to buy Bitcoin: 1) MACD lines are properly crossed and the angles of MACD lines are pointing up in a daily chart. Almost crossed is not good enough. The lines need to properly crossed ideally above 0 line. 2) Only if the first condition is met, I look at RSI and Stochastic (9,3,3) in the same chart. Two lines in RSI need to be properly crossed and the lines are about to or crossed above 50 level, and Stochastic (9,3,3) is not in overbought territory. 3) Go to the weekly chart and look at Stochastic (9,3,3). If weekly stochastic lines are crossed and moving upward from below 50 level. BTC retested both previous monthly and weekly low and the price seems to be moving up. However, it still needs to cross above the previous higher high at around 100k zone which is also the previous weekly and monthly mid price area. The current set up is very similar to the set ups on the 21st April 24 and 01 July 24 where I drew blue vertical lines in the chart. At these times, BTC looked like it was finally about to go up but ended up having another dip. If you look at MACD in those two points (marked in blue square), you can see daily MACD lines looked like they were about to cross but didn't and the stochastic in the weekly chart was still pointing downwards. There is a chance the scenario is playing out right now. I think Bitcoin will eventually start to move up, but before that next leg up, it might have another dip (minor bear trap).
If HDFC Bank breaks the neck line of this Head and Shoulder Pattern on the hourly chart by the close of the first hour of todays trading, I anticipate that it will be testing levels of 1733 in the coming week. Price has been clearly rejected from the Higher time frame pivots and this is an indication of weakness. Needless to say, Bank Nifty view will also be in sync with HDFC Bank and ICICI Bank. So positions can be built accordingly.
Technical Analysis (1-Hour Chart) * Trend and Price Action: * SPY is trading in a clear downtrend, respecting a descending trendline, with lower highs and lower lows observed. * Current price action shows a slight bounce off the $577.74 support level, but the structure remains bearish. * Volume: Selling pressure has been dominant, with moderate volume on the bounce, indicating cautious buying. * Indicators: * MACD: Showing early signs of a potential bullish crossover, signaling a short-term recovery attempt. * Stochastic RSI: Oscillating from oversold levels, hinting at a possible relief rally or consolidation. * Key Levels: * Support Levels: * $577.74: Immediate support; a breakdown could lead to further declines toward $572.00. * $572.00: A significant support zone aligned with historical price action. * Resistance Levels: * $585.87: Immediate resistance near the descending trendline. * $588.00: Strong resistance level with GEX-related CALL activity. * $592.30: Additional resistance if the price breaks out above $588. GEX Insights for SPY https://www.tradingview.com/x/mblFn4rJ/ * Gamma Exposure (GEX): * Positive GEX Zones: * $588.00: Key CALL wall and a significant resistance zone, indicating strong seller interest. * $590.00: Secondary resistance with additional CALL interest and moderate gamma exposure. * Negative GEX Zones: * $577.00-$572.00: Heavy PUT concentration and highest negative gamma levels, providing strong support but signaling potential volatility below these levels. * Options Metrics: * IVR (Implied Volatility Rank): 21.9%, suggesting relatively low volatility compared to historical levels. * Options Flow: * CALLs: Modest activity concentrated near $588-$590. * PUTs: Dominant below $580, reflecting heightened downside hedging by market participants. Trade Scenarios: Bullish Scenario: * Entry: Above $586.00 with confirmation of bullish momentum. * Target: $588.00 (initial), $590.00 (extended). * Stop-Loss: Below $584.00 to limit downside risk. Bearish Scenario: * Entry: Below $577.00 with strong selling volume. * Target: $572.00 (initial), $570.00 (extended). * Stop-Loss: Above $580.00 to cap losses. Conclusion SPY is at a critical juncture, with $577 acting as key support. A break above $586 could trigger a short-term rally, while a breakdown below $577 might lead to increased selling pressure. GEX data aligns well with these levels, providing clear zones for traders to watch. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk responsibly.