TPLP Buy Trade PlanTPLP is trading in a bullish penant and has taken support on key fib levels. TPs are 15.45 and below 17
Fibonacci
$BB Looking good for 2025 short squeeze3.20 —> 3.85 —> 4.41 —> 5.20
$5.35 is my current target for my options. Currently in $3.5 C 1/17/25 exp x20
$SPY December 26, 2024AMEX:SPY December 26, 2024
15 Minutes.
I had expected 200 averages in 15 minutes to be resisted. It broke and held on to that for more than 2 hours on the 24th of December.
For the rise 592.25 to 601.34 it is important to hold 597 levels for uptrend to continue. It is also 21 averages in 15 minutes.
For the larger rise 580.91 to 601.34 holding 593-594 is crucial to hold.
Above 603 I expect a 3 to 5 $ move which was resisted earlier before the fall.
At the moment I will sell only below 588 for good 10$ move. 575-578 is a crucial number to hold on downside.
In daily uptrend is intact.
$BABA Potential Bullish Reversal, (Daily TF)12/25/2024
Alright, I know there's a lot here so let me know if you have any questions and I'll do my best to answer. This is for educational purpose only.
1. Price dropped 18% ($101 -> $82.64) in 15 days.
2. Triple resistance on Tue, Nov 19 & Fri, Nov 29 & Tue, Dec 17 @ ~$87. Resistance zone between $86.70 - $87.75.
3. Bearish Fibonacci (Dec 9 - Dec 20). Anticipate sideways movement around 0.382 ($86.44), 0.5 ($87.91) and 0.618 ($89.38).
4. The light-brown boxes and light-brown line highlight the potential movement of price.
--------------------------------
$85.52: Current price
$85.00: Next bearish price target
Bullish Resistance Points:
$86.44 - 0.382 Bearish Fibonacci (potential daily sideways movement)
$87.00 - Resistance zone
$87.60 - Previous Weekly High
$87.91 - 0.5 Bearish Fibonacci (potential daily sideways movement)
$89.38 - 0.618 Bearish Fibonacci (potential sideways movement or reversal)
$91.44 - 0.786 Bearish Fibonacci (potential reversal)
$90.56 - $91.83: Bullish Gap to be filled
-------------------------------
Currently in a play: NYSE:BABA 21 MAR 25 110c @ $1.24
Currently up 5% (@ $1.31).
Profit Target: $2.24 (contract price)
Stop Loss: n/a (manually monitoring for now)
GME: Skeptical of zealous predictions that fail to materializePatience is the virtue most valuable to me in the world of trading. To me, patience means not only plan the trade, trade the plan, but more deeply, NO REGRETS. If I miss out, SO WHAT? It was not my pitch, and in the markets, THERE ARE ALWAYS OTHER OPPORTUNITIES, on a daily, if not hourly basis.
I have watched more "MOASS" predictions fail over the past few years than any of their respective authors would like to admit. Trader after trader steps up and says, ITS GONNA EXPLODE at this price, at this time, when this happens, or if that does not...but 99.9% of these predictions are nothing but filler and sensationalism. What I wonder...where is the sauce? Where is the technical tip off that indicates a high probability that the DESIRED or HALLUCINATED price action should take place? The answer is typically, it simply does not exist at the time of the publications.
For context and as to my business here, earlier this year, February/March, upon completion of my mentorship, I decided to make price predictions of GME my sort of Thesis, if you will, to see whether what I had learned about Elliot Wave, Fibonacci, and MACD strength indications had been a waste of time. Early March 2024, upon review of the EW pattern, I called for sustained downward pressure into early May. At the very end of April, about 8 weeks later, while doing my routine weekly charting, I noticed I had run out of wave magnitude. I checked my count and price levels against MACD, and lo and behold, we appeared to have struck a bottom. I made another post stating that we had arrived a little early but that the initial downside corrective had completed. Within 2-3 weeks, GME traded at $80/share. All I had done was apply what I had learned over the preceding year and exercise patience with price.
What I am posting to say here is, I SEE NO INDICATION THAT PRICE SHOULD EXPLODE UPWARD, AND SEE PLENTY OF REASON TO SAY THAT WE NEED MORE SIGNIFICANT DIVERGENCE ON THE BOTTOM END TO EVEN BEGIN TO ANTICIPATE ANY SUCH EXPLOSION. I will add, that all I believe the last run amounted to was part of a corrective, and do not believe it represents the beginning of anything, rather, perhaps, the very middle of this saga.
The tools I mentioned above are the basic trading tools and concepts I have used to make this statement. BUT primarily, of all the tools which I mentioned or which may be depicted in my chart, PATIENCE is the tool I value mostly. If you know what you are doing, and practice with the tools you profess to use to make a living, when it comes to bottoms (or tops for that matter) you will know them when you see them. PATIENCE is necessary in all applications of the tools I describe and ultimately, the most important tool any trader can possess. In that vein, the old saying goes, Discretion is the better part of valor (not courage, or stupidity, to run out on no man's land, pots a clanging with tent sticks falling out of your back pack, acting like you'll win the war in a moment).
Best,
Cuz
ZEN Skyrockets 244% – Is a Correction Around the Corner?ZEN has experienced an impressive +244% rally over the past 7 days, completing 7 consecutive bullish days.
Key Resistance Levels:
0.618 Fibonacci Retracement: Reached for the entire structure (logarithmic scale), providing an ideal short entry.
0.666 Fibonacci Retracement: Located at $53.55, perfectly aligning with the previous significant swing high, further strengthening resistance at this level.
Psychological Level: $50 serves as a critical psychological barrier.
The rally suggests an imminent correction due to overextension. Multiple resistance levels indicate a high probability of price cooling off.
Short Setup:
Elliott Wave Completion: 5-wave structure appears completed, signaling the end of the bullish trend.
Take-Profit Targets:
First TP: $39.68 (Fib 0.618 of the current wave).
Second TP: $33.74 (Fib 0.382 of the entire structure).
Risk-Reward Ratio: Targeting 0.382 offers a +25% gain.
Kyndryl Holdings Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Kyndryl Holdings Inc.
- Double Formation
* (Neckline) | Completed Survey On Pattern
* Retracement Not Numbered | Subdivision 1
- Triple Formation
* 012345 | Wave Count Condition | Subdivision 2
* Pennant Structure | Uptrend Bias At 27.50 USD
* Daily Time Frame | Trend Settings | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Novo Nordisk hit my target this week and I have started to buy The head and shoulders pattern successfully played out, with OMXCOP:NOVO_B reaching my full target at 670.
Check out my original post:
The stock experienced a significant drop, falling as much as 27% on the Friday before Christmas. This was triggered by test results for their obesity drug, CagriSema, which showed patient weight loss of 22.7% - below the anticipated 25%.
I believe this reaction is an overcorrection and have taken advantage of this rare opportunity to purchase OMXCOP:NOVO_B , first at 680 and again at 600. I now plan to hold patiently, expecting Novo Nordisk to reach new all-time highs in the coming years.
DOGE Targets!COINEX:DOGEUSDT It has risen 340% since the day it was signaled.
Now you can buy on red supports for future targets.
If Bitcoin corrects to the $78,000-$80,000 range, Dodge can also correct to the 0.16 support.
Don't forget to follow, boost and comment
Aqua Metals Inc. Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
Aqua Metals Inc. Stock Quote
- Double Formation
* 3.0500 USD | Completed Survey | Subdivision 1
* (0.786)) & (0.618)) | Retracement Condition
- Triple Formation
* Numbered Retracement | Subdivision 2
* Arrow Mark Up | Uptrend Bias | Subdivision 3
* Daily Time Frame | Behavioural Settings
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
USDJPY Possible LongsConfluences:
Daily Level
38.2
156 Psych
4hr retest on trendline
This is a calculated trade as it's nearing the EOY.
GBPCAD LongsTook longs on GBPCAD. Price came into a demand zone. Double bottomed with a H4 engulfing. Looking to aim for the - 62 for a 1:3 R:R. Will look to manage trade once price hits the 0 and -27 fibs
Risky LongsBecause we are closer to EOY, trading is generally more risky. But looking at longs on GBPAUD now.
Confluences:
- 2.00500
- 50 fib
- H4 SNR
- H1 Double bottom & retest on neckline
ASCOPIAVE Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# ASCOPIAVE Stock Quote
- Double Formation
* 012345 | Wave Count Valid | Subdivision 1
* Pattern | Neckline Confirmation At 2.300 EUR
- Triple Formation
* Pennant Structure | Subdivision 2
* Retracement | Not Numbered | Subdivision 3
* Daily Time Frame | Configuration Settings
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
AB=CD Pattern with Bullish Flag: Key Fibonacci Levels in Play!It could be an example of a Bullish Flag.
Why am I posting it?
The reason is to show an example of the AB=CD Pattern, and it currently respected the 61.80% Fibonacci level at 22.17.
If it breaks the 61.80% level on a closing basis (Keeping in mind, it's a Weekly Chart :-) ), it could drop to 18, potentially forming a double bottom. However, if it plays out as expected, the target can be 40+!
Anyhow, I am personally not invested in it—this is just for learning purposes.
TONUSDT Primed for Liftoff After Rebounding from Key SupportOKX:TONUSDT has shown impressive resilience with a strong bounce off a major support level. This positive price action is further reinforced by a breakout from a prevailing trendline, accompanied by robust trading volume. These technical indicators suggest a potential for significant upward movement in the near future. While the outlook is bullish, it's crucial to manage risk effectively by implementing appropriate stop-loss orders to protect your investment.
OKX:TONUSDT Currently trading at $6
Buy level: Above $6
Stop loss: Below $5
Target : $12
Max Leverage 3x
Always keep Stop loss
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Ascendis Pharma A/S Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Ascendis Pharma A/S
- Double Formation
* ((50)) Retracement | Completed Survey | Subdivision 1
* (Neckline) | Pattern Configuration At 135.00 USD
- Triple Formation
* ABC Flat Correction | Subdivision 2
* 1)) / 0.236)) & 0)) | Uptrend Bias
* Daily Time Frame | Behavioural settings | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Hippo planHippo is currently on my fib level and in my box. Im buying here. +SUI is strong in the market, which means Hippo will follow up
Austal Limited Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Austal Limited Stock Quote
- Double Formation
* A+ Set Up | Completed Survey At 1.6000 AUD
* Retracement ((50)) | Subdivision 1
- Triple Formation
* Retracement | 1)) / 0.382)) & 0)) | Configuration Bias | Subdivision 2
* Pattern Confirmation | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
TOTAL ideaThese are the key area im looking at for TOTAL during this bullrun. If I change my mind I will update below this post.
ZIG planThis is my plan for ZIG. Just incase we lose the box, expect a bounce from the lower end of the channel. This scenario is possible but I'm already in ZIG and expect it to go up from the current price.
ARC - PlanARC see you at $0.23. $0.23 is my first target to take some profits. But I do believe we will go higher
