One Good Trade: OKTA Is A Prime Complex PB Candidate OKTA has a few components that we have talked about in recent days and I normally like these plays when the greater market plays nicely. In this case it doesn't look like we can get filled on a stop order. If that happens, I would like to keep this on a list for a second bull leg break out.
Here are the pattern traits we can see in OKTA:
* Earnings Gap
* Holding earnings support
* Complex pullback
* Breakout of a complex pullback
I have previously discussed all of these traits in other videos.
Good Luck and Good Trading!
Contains IO script
"AAVE/USDT: Poised to Close Target with Short-Term Reversal"AAVE/USDT in the chart above shows a bearish trend movement in the short term, with bearish candles and the presence of indicators pointing to weakness.
However, AAVE has significant traction and good trading volume, with potential for quick reversals in the market.
Once the market reverses the trend in the short term, there is a strong probability of reaching the projected target due to the combination of volatility and liquidity as AAVE responds well to strong upward movements, especially during times of capital re-entry into the altcoin market.
Support: 268.68 / 264.88
Resistance: 280.22 / 284.94
RSI: Selling forces exhausted
MACD: Buyer
Levels discussed during livestream 10th Jan 202510th January 2025 (Pre NFP)
DXY: Consolidating below 109.40
strong nfp: break 109.40 trade up to 110
weak nfp; needs to break 108.80, to trade down to bottom of channel at 108.40
NZDUSD: Sell 0.5570 SL 30 TP 60 (DXY strength)
AUDUSD: Look for reaction at 0.62 support area, Sell 0.6255 SL 20 TP 50 (rejection of trendline)
GBPUSD: Sell 1.2250 SL 30 TP 60 (DXY strength)
EURUSD: Sell 1.0270 SL 25 TP 60 (DXY strength)
USDJPY: Sell 157.80 SL 30 TP 120 (DXY weakness MASSIVE Counter Trend)
EURJPY: Do Nothing
GBPJPY: Buy 195.50 SL 60 TP 250
USDCHF: Buy 0.91430 SL 30 TP 60
USDCAD: Buy 1.4390 SL 20 TP 70
XAUUSD: Continuation higher, break above 2678 to trade up to 2690
USD/JPY (UJ) Analysis (Daily Timeframe)The USD/JPY pair has been following a clear market cycle, transitioning from distribution to markdown , followed by accumulation , and now entering a bullish markup phase , showcasing strong bullish momentum.
Key Observations:
Market Phases:
Distribution Phase: The bullish move ended near the 162 level , where sellers gained control, initiating a markdown.
Accumulation Phase: After a significant markdown, UJ found a base around the 140 level, forming an accumulation phase with demand coming back into the market.
Current Phase: The pair has now broken out of accumulation and is in a bullish move, with a well-defined structure of higher highs and higher lows.
EMA Surfing and Momentum:
The price is currently surfing upward along the EMAs , showing strong trend-following behavior with EMAs acting as dynamic support.
The tightening of the EMAs during the accumulation phase has now expanded , supporting the continuation of the bullish move.
Scenarios to Watch:
Continuation to Targets:
USD/JPY could continue its bullish momentum toward the short-term target near 159 and potentially the medium-term target around 162. This aligns with the ongoing strength in the USD and the current bullish structure .
Pullback for Reaccumulation:
A potential retracement could act as a reaccumulation phase, gathering liquidity before resuming the uptrend.
EUR/USD (EU) Analysis (Daily Timeframe)Recently, we’ve observed a distribution phase in EUR/USD, followed by a markdown , confirming the overall bearish trend visible on both the daily and weekly timeframes.
Key Observations:
Bearish Structure:
On the daily timeframe, price is consistently creating supply zones and showing strong reactions to them.
The market structure confirms the downtrend with the formation of lower lows and breaks to the downside.
EMA Interaction:
The price is currently surfing downward along the EMAs , which are acting as dynamic resistance and reinforcing the bearish momentum.
Scenarios to Watch:
Continuation: Price could continue its markdown, heading toward the short-term target and potentially testing the psychological level of 1.0000.
Re-distribution: There’s also a possibility of a move upward, creating a re-distribution phase to accumulate enough liquidity for a stronger push below 1.0000 .
Fundamental Insights:
Strength of the US Economy:
The US dollar remains strong due to:
Higher interest rates maintained by the Federal Reserve to combat inflation, which increases the demand for USD-denominated assets.
Strong labor market data , with low unemployment and rising wages supporting consumer spending.
Positive GDP growth , reflecting resilience in the US economy despite global economic challenges.
Weakness in the Eurozone:
European economies are facing multiple headwinds, including:
Energy concerns driven by geopolitical tensions, leading to higher costs for businesses and consumers.
Slow economic growth as inflation continues to weigh on consumer spending.
Divergence in monetary policy , with the European Central Bank (ECB) appearing more cautious about aggressive rate hikes compared to the Fed.
The combination of these factors makes the USD fundamentally stronger, while the EUR struggles under the weight of economic and geopolitical challenges.
My Perspective:
Given the strong bearish structure, EMA surfing, and fundamental backdrop, I expect further downside momentum. However, the possibility of a re-distribution phase cannot be ruled out, especially if liquidity is needed to push below the 1.0000 level. Staying cautious and reactive to price action around key levels will be crucial.
GOLD Analysis (Daily Timeframe)Gold has been extremely bullish for a while, consistently breaking to the upside and creating higher highs , accompanied by the formation of demand zones that were later mitigated for continuation.
The last significant move was a reaccumulation (Re-acc) phase, which revisited unmitigated demand zones. From there, we saw a bullish reaction. However, due to low year-end volume , Gold hasn't been able to break its previous high. Since then, it has been ranging in the same area.
Key Observations:
Bullish Volume Returning:
Recently, bullish volume seems to be picking up, signaling the potential start of the next leg upward.
EMA Interaction:
Previously, the price was "surfing" along the EMAs, demonstrating a strong trend-following behavior.
Currently, the EMAs have tightened significantly, which often signals an impending price expansion—a strong indication that volatility and directional movement may resume soon.
Two Scenarios in Play:
Gold may continue ranging before breaking to the upside.
The current move may sustain and lead to a new high.
Liquidity Trap:
The reaccumulation created a cloud of liquidity , with many traders now eyeing potential sell opportunities due to:
- The break to the downside.
- The formation of equal highs , often misinterpreted as bearish.
This could very well be a Smart Money Trap , fueling a bullish move as liquidity is taken.
My Perspective:
I remain optimistic about the bullish scenario , as the overall market context suggests a continuation of the upward trend. This is a critical area to watch, and I will monitor closely for confirmation of the next move.
AI16Z has come down to my buy zone$AI16Z currently has a good risk to reward long set up. If you are bullish in the AI Agent space, this may be good one to consider accumulating.
It has retraced significantly from its ATH and closed to its weekly golden pocket fib level. I am accumulating in drops below $1.06 level. It would be great if we can go down to the .95 cent level but I think there is enough liquidity at the $1 level.
You can see in the chart my views on the potential targets.
Not a financial advice so DYOR.
XAUUSD 12/1/24XAUUSD remains our second pair as usual. Orion is clear as always, giving us a bullish bias to target the highs. Similar to EU, we only have one high to aim for, so the options are the same as mentioned in that write-up. We could pull back from the current position, creating a new low in the process, which would lead us into the lows and present a long entry opportunity in line with the bias. Alternatively, we might take the high first and then drop down into the lows, which would also provide a potential long entry.
Overall, we are anticipating a higher shift and need to monitor the lows for this to materialize. Follow Orion, stick to your plan, and manage your risk properly.
USUAL has pulled back to my buy zone$USUAL has pulled back to my buy zone on the weekly chart. I will be accumulating and opening up leveraged trades at 0.59 and below.
I'm showing here near term targets on the 4 hourly chart for scalp trades but I will be monitoring this for holding this as a position trade for the long term.
My near term target is at 0.98 level if we break above 0.68 with volume support. My longer term targets are at 1.90 and above level.
On the macro level #UsualProtocol $USUAL has introduced a revenue-sharing model to stabilize its ecosystem after its staked #stablecoin , USD0++, depegged from its $1 value.
The protocol announced the activation of a "revenue switch" starting January 13, which will distribute earnings from real-world assets and protocol operations to users. The protocol estimates $5 million in monthly revenues, yielding an annual return of over 50%. I think in the near term they have some kinks to work out but longer term this is a very bullish news and we will benefit from this as the users start seeing the actual revenue start coming in.
This is not a financial advise. Please DYOR.
ai16z falling wedge, areas of intrestai16Z is killing it, but consolidating in a faling wedge, can be a bullish formation, and this token loves the 38.2 retracement in history, this is 4hr, 12 hr indicators still heading down, there are 2 shaded areas that have had no retracement or testing, called fair value areas, shot straight thru with no testing. in a bill market can happen, but something to watch if wedge breaks down, watch for fake out too, quick dip wick down, and shoot back north. If it hits $1.45 i'm buying but out if lower
XRP ANALYSIS 🌸#XRP Analysis : Bullish Trend 🚀🚀
🚀As we can see that #XRP was making higher highs and higher lows. But finally we can see a breakout of flag and pole pattern. It indicates a bullish trend after it retest the inclining trendline. 💲💲
🔖 Current Price: $2.5454
⏳️ Target Price: $2.7055
⁉️ What to do?
- We can trade according to the #XRP chart and make some profits. Keep your eyes on chart price action, observe trading volume. Always observe market sentiments and update yourself everyday.🔰🔰
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#XRP #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
NQ Technical chartNQ Analysis
Examining the overall 4-hour trend, we observe a pattern in the downward and upward price movements:
Downward Move (AB): From 22,428.75 to 21,016.75.
Retracement (BC): The upward retracement of BC was exactly 78.6% of the total downward move (AB). Price action moved up to this level before rejecting.
Similarly:
After rejecting at 22,118.75, the price dropped to retest at 20,983.75.
This resulted in another upward retracement (DE) to 21,872.75, which again represented 78.6% of the previous downward move (CD).
On Friday, the lowest tick on NQ was recorded at 20,874.75.
If we apply Fibonacci to the most recent downward move:
The 78.6% retracement level is at 21,674.00, marking a potential area of interest above.
Below, the open areas of interest are:
78.6% retracement at 20,803.50
88.6% retracement at 20,605.75
This highlights key zones for potential price action and reaction points moving forward.
Monday NQ Price Action Prediction Key Levels to Watch:
Support:
20,803.50 (78.6% retracement): Critical support zone.
20,605.75 (88.6% retracement): Deeper support if the lower level is breached.
Resistance:
21,674.00 (78.6% upward retracement): Key resistance zone.
21,872.75: Previous swing high and secondary resistance.
Predicted Scenarios:
Bullish:
A bounce from 20,803.50 could lead to a rally toward 21,674.00.
Breaking above 21,674.00 may push prices to 21,872.75.
Bearish:
Breaking below 20,803.50 could trigger a drop to 20,605.75.
Rejection at 21,674.00 may signal continued downside toward support levels.
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🔍 Range Deviation Plays 🌀
📊 Potential Reaction at the 4H Breaker Block 📏
🌐 Macro Range Low Setups 📉
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BankniftyBankNifty CMP49090
This has been my view on bank nifty ....
wave 4 as of now has made double zigzag... which can also turned into triple zigzag depending on how it unfolds .. lets see
since wave 2 (black) was simple, we are having complex wave 4 (black)....
this counts gets invalid below 48800 ...
just my small view!
Vedang :)
Disclaimer: Chart is for study purpose only!!