Snowflake: Please turn!Snowflake has experienced a setback in recent days. However, as it was able to hold above the support line at $107.41, our primary scenario remains intact. Thus, we continue to see the price in the turquoise-colored wave b, which should initially bring a (corrective) increase. Only after the high has been established should larger sell-offs come knocking, completing the wave (2) correction in green. However, we consider it 33% likely that the share has already been working on the final stage of this corrective movement since May. This scenario, which will be activated by a fall below the support level of $107.41, would call off the upward swing accordingly.
Chartanalysis
Hongkong & China Gas: Do not let up!We stick to our primary assumption that the price should make another attempt to overcome the resistance at HK$6.77 and succeed this time. Finally, as part of the magenta wave (4), we expect the price to rise into our same colored Zone (between HK$8.44 and HK$9.19). Investors could open short positions within this range, with stops placed about 1% above the upper edge. The last leg of the beige wave II should then trigger larger sell-offs. However, we consider it 44% likely that the price is already on the home stretch of this correction. This scenario will be triggered by a fall below our grayed-out Zone. It calls for a fall into the southern Zone between HK$4.73 and HK$3.58 in turquoise.
$GCT BTO to be a beautiful $30 Strike 9/24 Options @.15 PremiumNASDAQ:GCT With strong fundamentals we know the price distributed to the lowest prices in over a year. It is now cognizable to construe this as a false bear pattern which has quickly evened out into a butting bull play, especially for a very cheap option with possible, exploding volatility which can be on the rise any day.
Look at supply / demand zones, support and resistance zones and the price movements that bring to light the emphatic connection you have with the stock market.
I expect my $30 option to be exercised by about August 29th wherefore, I think it will accomplish its alarming intent. Because, this is the first video I've done on #Tradingview. Moved out of whim, and caprice, I had to furnish my thoughts to make them manifest and foster right in front of me. :D
NZDJPY for new week bullish expectations
NZDJPY after BoJ is rise rates, we are have strong bearish trend in last periods from 12.7 till 5.8.
In last periods we are saw USD weakened and we are can see JPY is start stagnating. In the meantime ASCENDING CHANNEL is be created and on 28.8 price is make break of same.
And in next day 29.9 price is break and crucial zone (90.500), zone is fresh breaked, bullish trend is not make to much here and for new week still expecting here bullish push till next zone.
TP1: 93.000 (160)
TP2: 94.000 (260)
All best, here for comments, stay tuned!
Will Gold Prices Bounce Or Slide?The gold market is currently experiencing high volatility, making it essential to exercise caution. Key levels to watch:
- Break above 2523: Potential buying opportunity
- Break below 2518: Potential selling opportunity
Traders are advised to closely monitor these levels and adjust their strategies accordingly. Stop-losses (SLs) are recommended to mitigate risk.
Stay vigilant and adapt to market changes to capitalize on potential trading opportunities.
Breakout with Volume...NSE:TV18BRDCST trade at 51.55. Support is at 47.70 and Resistance is at 54.30
When its break Resistance level you can watch it @ 59 and after this 68.
Nvidia: DownhillNVDA has completed the green wave (X) and started descending toward our blue Target Zone between $91.30 and $76.02, which should mark the joint low of waves (Z) in green and A in beige. From this range, the beige five-wave downward move should continue, layawaying along the boundaries of our pink triangular trend channel to finish the large wave (IV) in blue. This final overarching low should take the form of a truncation, i.e., a shortened correction, and initiate a new uptrend above $137.32. However, it is 30% likely that the blue wave alt.(IV) has already concluded, which would result in a direct breakout above the $137.32 mark.
#Copper bearish move possibility
The price of copper has reached the upper boundary of a long-term bearish channel, which is currently acting as resistance. Additionally, the recent bullish move failed to break above the previous high, indicating that the bulls may be losing strength.
I'm looking for a minor bullish corrective move in this asset to potentially short it at a more favorable price level.
The bears are trying to take the lead.We are watching the price closely to see if it stays stable.
If it falls below 22 Aug bears candles (see on the chart) and stays there, it could be a problem. For now, I'm being cautious even though things seem positive overall and even too positive especially in option market.