UK100 is testing a critical support level for the third time. Although a bounce is possible, repeated tests weaken the support, increasing the probability of a bearish move.
Consumer confidence is putting up fresh data points to suggest that we will fall below 100. Took a drive around the wealthy parts of town on Christmas night and noticed a severe lack of lighting where in previous years these neighborhoods would be lit up like the sun. Fed has flagged that if interest rates continue to rise than a pause or maybe even a raise in rates is coming. Don't be fooled as company's artificially inflate prices. They will soon run out of buyback funds and what looks like a new punch through to another ATH is just a massive rug pull before we see what first looks like a correction and then a serious crash. I will not be surprised if we see 520's by end of Q1 and 570 by the end of January. I am currently short and looking to add after this next double top coming tomorrow. If I am wrong and we continue past 602 then I will wait for a new entry soon after with confirmation. Puts to 570 at 3 months out should pay nicely if these things add up. If I am wrong I will play the upside and abandoned my speculation until I see another major down ward move. Stay open minded and play what you see. If you dont see what I see... dont get mad. Its just speculation. Go to tik tok to yell your bias.
ChatGPT, Sora, and OpenAI’s developer-facing API went down Thursday for an hour and counting. OpenAI says it started experiencing a major outage at 11 a.m. PT, and the services still appear to be down at the time of publishing this article, around 12:40 p.m. PT. Frequent users of ChatGPT may recall that the service went […] © 2024 TechCrunch. All rights reserved. For personal use only.
DeepSeek V3 can handle a range of text-based workloads and tasks, like coding, translating, and writing essays and emails from a descriptive prompt. © 2024 TechCrunch. All rights reserved. For personal use only.
After more than three years of waiting, today the new season of Squid Game is finally on Netflix for our masochistic viewing pleasure. After season one ended with Gi-hun (Lee Jung-jae), also known as Player 456, choosing to search for the people behind the game instead of boarding a flight to Los Angeles to reconnect…Read more...
If you’re a fan of the Indiana Jones films, you won’t want to miss “Father and Son,” a well-hidden optional objective in Great Circle’s Vatican City. It does require you to go a little out of your way, but you’ll be rewarded with an exclusive Adventure Book, a couple of Field Notes, and a small callback to the third In…Read more...
Over the last few years, we’ve seen a lot of live-action remakes of popular animated movies. Will Wallace & Gromit ever get a Disney-like live-action remake movie? The duo’s creator has a simple answer: “NOOOOO.”Read more...
Bitcoin has enjoyed a bullish 2024, reaching an all-time high (ATH) of 108K. However, the recent price action indicates a shift in momentum, with the market entering a phase of consolidation and correction. For the past 40 days, BTC has ranged between 90K and 108K, with the critical psychological level of 100K now acting as resistance. The structure of an ABC corrective pattern following a 5-wave downward impulse suggests the market is transitioning into a short-term bearish phase. Key Levels and Patterns: 1.) Head and Shoulders Pattern: A bearish Head and Shoulders pattern has formed, with 90K serving as the neckline. Once 90K is broken with significant volume, it will confirm the pattern, potentially accelerating the move downward. The target for this pattern aligns closely with the previously identified support zone at 84K–80K. 2.) Resistance at 100K: The psychological barrier of 100K has flipped to resistance, making it a critical level for bulls to reclaim. A sustained break above 100K with strong volume would indicate a possible trend reversal. 3.) Support Zone (84K to 80K): Multiple confluences align between 84K and 80K: Fibonacci Retracement (0.618): The 0.618 retracement level from the recent impulse low to the ATH is at $82,694.88. Trend-Based Fibonacci Extension: The 1:1 extension of the ABC correction points to 84K. Anchored VWAP: Calculated from the significant low at 52.5K, the anchored VWAP aligns near 81K. Fibonacci Speed Fan: The 0.618 speed fan from 52.5K to the ATH intersects around 80K, reinforcing this support zone. 4.) Liquidity Below 90K: The current range-bound movement has likely trapped many long positions above 100K, creating significant liquidity below 90K. A breakdown below 90K could trigger a liquidity sweep, driving prices rapidly toward the support zone at 84K–80K. Current Market Dynamics: Volume Analysis: Decreasing volume within the range highlights weakening bullish momentum. Confirmation of support at lower levels will require a substantial increase in buying volume. Bearish Momentum: The head and shoulders pattern, coupled with the ABC correction, signals bearish momentum that may persist into early to mid-January 2025. Neckline Support at 90K: A break below 90K would confirm the head and shoulders pattern, acting as a catalyst for further downside. Next Steps and Outlook: Short-Term Bearish Bias: Bitcoin is expected to continue its downward correction, with the head and shoulders neckline at 90K serving as a key pivot point. A confirmed break would likely drive BTC to the 84K–80K support zone. Long Opportunity at Support: Should BTC reach the identified support zone, it presents a high-probability long setup. Entry should be contingent on confirmation through: Increased buying volume. Bullish candlestick patterns (e.g., hammer, engulfing). Alignment with key moving averages and other technical indicators. Mid-Term Recovery Potential: After the correction, Bitcoin may resume its bullish trajectory. Key factors to monitor include: Reclaiming 100K as support. Overall market sentiment and macroeconomic conditions.
Hi Traders Toady 27 December 2024 Here is Overview of EURUSD To Bullish Pattern Based On The market Condition Guys The price already Reached on Trend Line and papers in Buy side The Chart also show price What's Next Target. Resistance Zone 1.04470 Support Area 1.04000 After market Rebound to our Target Guys Share Idea what's Going On Thanks. PLZ Support with like and Comments.
We will place a SELL at 2636.50, with a stop loss at 2639.50. Our profit target for this trade is 1.5 times the risk, set at 2632.00.