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Dollar Index Heading Higherincredibly as it may seem considering the fundamentals, the trajectory of the Buck against all other currencies looks to still have room to travel. The pattern is moving in the late stages of a wave C up. Specifically on the fifth wave of C. This portends of a violent reversal. The first objective is moving under the channel projected from the end of wave A. Make no mistake about it the day in the sun for the dollar will end, and when it does, it will bleed hard. Happy trading :)
TVC:DXYLong
by HydraFinance
TSLA Testing Key Levels! Critical GEX Insights for Jan. 3, 2024 Current Trend:
TSLA is in a clear downtrend on the 1-hour and daily charts. The price is trading below key EMAs, indicating bearish momentum. A descending trendline and lower lows formation further confirm the downtrend. * Key Observations from Indicators: * MACD (1-hour): Shows a potential bullish crossover as the histogram shifts upward, suggesting momentum could favor a short-term bounce. * Stochastic RSI (1-hour): Oversold with a slight uptick, indicating the possibility of a short-term recovery. * Volume: Recent sell-offs were accompanied by high volume, showing strong bearish sentiment, but lighter volume during the consolidation phase hints at declining selling pressure. Key Support and Resistance Levels (Daily Chart): * Support Levels: * $383: Immediate support, with GEX data showing strong PUT activity at this level. * $370: Next major support, aligning with a significant GEX PUT wall. * Resistance Levels: * $410: First resistance level, also a significant CALL wall with high GEX activity. * $425: Secondary resistance, marked by historical rejection points and GEX CALL concentration. GEX Insights: * Gamma Exposure (GEX): * Negative GEX Zones: Strong negative gamma below $390, indicating heightened volatility in the downside region. * Key Gamma Walls: * $383: The highest negative net GEX, aligning with support. * $370: Critical PUT wall, where sellers could regain dominance if breached. * Options Activity: * IVR (Implied Volatility Rank) is at 61%, indicating moderate options pricing relative to its historical range. * A high CALL/PUT ratio signals an imbalance, with a focus on bearish positions dominating near $383-$370. Trade Scenarios: Bullish Scenario: * Entry: Above $397. * Target: $410 (initial), $425 (secondary). * Stop-Loss: Below $383 to avoid downside risk. Bearish Scenario: * Entry: Below $383. * Target: $370 (initial), with potential extension to $355. * Stop-Loss: Above $397 to limit upside risk. Conclusion: TSLA remains under significant selling pressure but shows signs of short-term stabilization near $383. Traders should monitor volume and momentum at critical levels ($383 and $410) for potential breakout or breakdown setups. Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risk responsibly.
NASDAQ:TSLA
by BullBearInsights
WTI OIL Break-out or rejection strategy.WTI Oil (USOIL) gave us an excellent buy signal last time (December 27, see chart below) that produced a Bullish Leg straight to our $72.80 Target: The price is right now above Resistance 2 and almost at the top (Higher Highs trend-line) of the Channel Up. Having completed a +6.65% rise (which was the previous Bullish Leg), it is now highly likely to start seeing a reversal to a Bearish Leg. Especially since the 1D RSI is testing the October 07 2024 High. As long the price gets rejected below the top of the Channel Up, we will be bearish, targeting $70.50 (above the 0.618 Fib and the 1D MA50). If the price breaks and closes a 1D candle above the Channel Up, we will take the small loss and switch to a buy, targeting the 1D MA200 (orange trend-line) at $75.15. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOIL
by TradingShot
2
USDT.D + USDC.D GOT RETEST. PREPARE FOR MASSIVE ALTSEASONHi guys, In this picture you can see USDT.D + USDC.D and I am drawing important support and resistance lines with Elliot Waves. We are now moving from Elliot wave 4 to 5. The last MOVE and after that we will see a HUGE-HUGE correction. What do I know from the history of crypto bull market? In previous bull runs, the reactions of altcoins depended heavily on which phase of the Elliott Wave cycle bitcoin was in, so early bitcoin cycles (2013, 2017, 2021). 1st wave (start of uptrend): Bitcoin dominates the market and altcoins are often flat. Capital flows mainly into bitcoin. Wave 3 (strongest bull run): Bitcoin attracts massive capital and altcoins stagnate or lose market share. Bitcoin's dominance typically increases. 5th wave (Final push): Bitcoin peaks and altcoins increasingly benefit, especially smaller coins. Example 2017: As bitcoin peaked, the altcoin season began (Ethereum, XRP and other major altcoins saw huge gains). ABC correction: Bitcoin starts to fall, but altcoins can benefit briefly before the entire market corrects. FOLLOW AND SHARE! I can make Video to explain more.
CRYPTOCAP:USDT.DShort
by Innotrade_AJ
QQQ: Annual outlookHey Friends, Here is the annual outlook for QQQ! Annual Levels: Ref: 550.31 (Reference Target) High 1: 575 High 2: 622.009 High 3: 668.81 Range Ceiling: 725 Low 1: 462.92 Low 2: 420.57 Low 3: 374.57 Range Floor: 322 ARIMA Forecast Point Forecast at Day 252: 532.2314 80% Upper Confidence Level at Day 252: 707.6069 95% Upper Confidence Level at Day 252: 800.4451 80% Lower Confidence Level at Day 252: 356.8559 95% Lower Confidence Level at Day 252: 264.0177
NASDAQ:QQQ
by Steversteves
5
Levont - XAU/USD: Testing Key ResistanceXAU/USD Analysis (Gold Spot/USD) 📊 Timeframes Analyzed: - 1H Chart: The price is currently trading at $2,657 , consolidating near the key resistance zone between $2,659 and $2,660 . This area aligns with the 61.8% Fibonacci retracement level , which has historically acted as a strong supply zone. Price action shows multiple attempts to break above this level, but bearish pressure has kept it contained so far. A potential rejection here could lead to a pullback toward the $2,654-$2,650 support range , while a breakout above $2,660 could trigger a bullish continuation toward $2,666 . - 5m Chart: Zooming in, the price is moving within a rising channel , showing short-term bullish momentum. However, the channel's upper boundary aligns with the higher timeframe resistance zone ( $2,659-$2,660 ), suggesting that the bullish move may face exhaustion soon. A rejection from this level could result in a breakdown of the channel and a retest of lower supports around $2,652-$2,650 . 🔑 Key Levels: - Resistance Zone: $2,659 - $2,660 - Support Levels: $2,654 and $2,650 📈 Outlook: The current price action suggests that gold is at a critical juncture: - Bullish Scenario: - A breakout above the resistance zone at $2,660 (confirmed by strong candle closures and volume spikes) could lead to a continuation toward higher targets like $2,666 or $2,670 . - This scenario would align with the broader bullish sentiment seen in recent sessions. - Bearish Scenario: - If the price fails to break above $2,660 and shows signs of rejection (e.g., long upper wicks or bearish engulfing patterns), we could see a pullback toward immediate support levels at $2,654 or $2,650 . - A breakdown below $2,650 could open the door for further downside toward $2,644 . 💡 Note: Watch for confirmation signals such as volume spikes or clear candlestick patterns before entering trades. 🌍 Fundamental Analysis: Positive Factors Supporting Gold: - Global Economic Uncertainty: Concerns about slowing global growth and geopolitical tensions (e.g., ongoing instability in Eastern Europe) are driving demand for safe-haven assets like gold. - Weaker U.S. Dollar: The U.S. Dollar Index (DXY) has shown signs of weakness recently due to expectations that the Federal Reserve may pause rate hikes in early 2025. A weaker dollar typically supports gold prices as it becomes cheaper for holders of other currencies. - Seasonal Demand: January often sees increased demand for gold due to seasonal factors such as jewelry purchases in Asian markets and portfolio rebalancing by institutional investors. Risks/Negative Factors for Gold: - Hawkish Federal Reserve Policy: Despite speculation about a pause in rate hikes, any unexpected hawkish commentary from the Fed in its upcoming January meeting could strengthen the dollar and pressure gold prices downward. - Profit-Taking Near Resistance: With gold nearing key resistance levels ( $2,660 ), short-term traders may take profits, leading to temporary pullbacks. - Equity Market Recovery: If global equity markets continue their recovery into early 2025, it could reduce demand for safe-haven assets like gold.
FOREXCOM:XAUUSDShort
by Levont
NQ January Range Short (12-30-24)Final week of 2024 with some closed sessions and low volume trading. Get ready for January potential moves/range. Looking for H/S to develop right shoulder in January. December has created a wide range (3rd to Aug & Sep), 20,990 is Key Level pass from Aug low with Sep retest move. Yellow's are KL's and Red's are TLX's. Use are targets and U Turns. NAZ is in Mid of Dec Range, look for NAZ to stay inside thick White TL's under TLX 20,758 and above go Long. Looking for January drop test. Notice 17,027 (2024 Open Level) the August reaction after a near hit. Also, looking for the breakdown with the O/N long lift Rig and Friday-Monday long move. We did have 1 near limit-down O/N session in 24 (-6.8%) and 1st decent drop in O/N since early 2020. The balancing of selling will need to show up prior to a serious leg higher.
CME_MINI:NQ1!Short
by MAZing
5
OGYD Oh Gawd You Devil: $0.09 this is what ai16z /a16z live for .. the code app the end of it all without it everything is for nothing ... which is everything another wtf project as loud as the FART of Gang of VCs and Fresh Billionaires of supercoins under the custody of the Gang of 8 a leader in the development of human-centric language models and simulators focus areas include large language model architecture, data synthesis, and output steering, all aimed at aligning AI systems with real-world user experiences
RAYDIUM:JWPUMPSOL_A4WP7F.USD
by senyor
XAUUSD- Don't hesitate, we should sellDouble Top Formation: A double top has been identified near the $2,675-$2,680 level, signaling a potential reversal from the bullish trend. Broken Channel: The previous upward channel has been broken, indicating a shift in market structure and possible bearish momentum. Two Scenarios Outlined: First Scenario (Blue Path): The price may consolidate or retest the $2,630-$2,640 range before resuming its downward trend toward $2,578. Second Scenario (Red Path): A bullish retracement toward the $2,675-$2,680 resistance zone is possible, followed by a reversal and significant decline. Support and Resistance Levels: Resistance: $2,675-$2,680 (critical zone for the second scenario). Support: $2,629 (short-term) and $2,578 (major support). Outlook: The bias appears bearish due to the broken channel and the double-top pattern. Confirmation of either scenario depends on price action near the outlined key levels.
OANDA:XAUUSDShort
by Kev-Mad
Nifty 12M Levels for the year 2025Hi, Happy new Year, trying to give 12M levels for the nifty 50, still in early stage of use just 2 years of validation, but worked effectively with almost all the asset class till now , giving below my nifty future idea for the year 2024 and nifty for 2023, also giving 12M levels of bank nifty posted at the start of the year here i'm also using 12M inside bar leves, previous 12M candle's mid and quarter giving below in the comment section the day levels patterns also, which many referred as "chart art" and make fun of it what is visible is a monthly tl above the price , so, a possible resistance unless broken, also giving monthly channel in technical words, patterns are consolidation of price in horizontal, angular and curved zones, getting levels of horizontal consolidation is easy, but though for the curved and angular consolidation due to dynamic nature, patterns also use ratios like any other indicators but also angles , a circle =360', so these patterns also give the idea of trend HH/LL, price creates volumes or an event when 2 pattern intersects with each other or with a timeline in any time frame, if u know how to trade patterns volume analysis becomes secondary I will publish the 2024 progress of my "chartarts" posted in the year 2023 in separate educational idea, u can print those chart art and use it as a painting thanks
NSE:NIFTY
by omvats1
1
Dollar-Cost Averaging: The Simple Strategy Every Trader NeedsHello, Traders! 👋🏻 Timing the market is one of the most complicated challenges for any trader. The constant question of “Is this the right time to buy?” or “Should I wait for a better price?” creates hesitation and often leads to missed opportunities – or worse, emotional decisions. That’s where Dollar Cost Averaging (DCA) comes in. DCA meaning? Rather than trying to predict market movements, DCA takes a disciplined, consistent approach to investing. By committing to regular investments over time, you smooth out the highs and lows, removing the stress of decision-making and allowing you to build your portfolio steadily. In this article, we’ll dive into how DCA works, why it’s an effective strategy, and how to use it to stay in control. 🧘🏻 Why Is Market Timing So Hard (and How Does DCA Solve It)? What is Dollar Cost Averaging? The allure of perfectly timing the market is strong. Who wouldn’t want to buy at the absolute bottom and sell at the peak? But the reality is that market timing typically turns into guesswork. Even with technical analysis, factors like sudden news events, regulatory changes, or shifts in market sentiment can make predictions unreliable. This uncertainty is especially true in the crypto industry, where prices can swing dramatically within hours. For many traders, this indecision can lead to two common pitfalls: ⏰Waiting Too Long. Hoping for a better entry point that never comes, missing out on gains. 😬Jumping in Emotionally. Chasing the market during a rally or panicking during a dip, only to see prices reverse shortly after. Dollar Cost Averaging sidesteps all of this. Instead of trying to outsmart the market, you invest a fixed amount regularly – whether prices are up, down, or sideways. It’s a simple, effective way to participate in the market without letting emotions or second-guessing hold you back. Just strategy. Nothing extra. 🤷🏻 So, What’s the Secret? How DCA Works in Practice? DCA Investing Commit to a Fixed Amount With DCA crypto, you decide how much to invest each time – say, $100 weekly or $500 monthly. This amount stays consistent, no matter what the market is doing. Stick to a Schedule Regularity is key. By investing in a schedule (e.g., every Friday or the 1st of each month), you eliminate the need to decide when to enter the market. Take Advantage of Volatility When prices 📉, your fixed investment buys more of the asset. When prices rise, it buys less. Over time, this helps reduce your average cost, giving you an edge in volatile markets. Use Auto-Investing Tools Many crypto exchanges offer auto-investing features , making setting up and sticking to your DCA strategy easier. With these tools, you can automate recurring purchases of your chosen asset at regular intervals (weekly, biweekly, or monthly). All you need to do is select the asset, set the amount, and schedule the frequency. Once configured, the platform handles the rest, eliminating the risk of forgetting or deviating from your plan. Example: Imagine you’re investing $200 into Bitcoin (BTC) every 2 weeks. Bitcoin DCA Example: After 5 cycles, you’ve invested $1,000 and accumulated approximately 0.05 BTC at an average cost of $20,000—lower than the highest price during this period. The Key Benefits of DCA Soooo… Why is DCA a go-to strategy for many traders? DCA removes the stress of guessing when to buy. You follow a plan and let the strategy do the work. By investing during both highs and lows, your average cost tends to decrease over time. Fear and Greed are the biggest enemies of consistent gains. DCA automates your investments, helping you avoid emotional decisions that could harm your portfolio. Whether you’re buying Bitcoin, Ethereum, or even traditional assets like ETFs, DCA adapts to your goals and market preferences. Regular investing instills good habits, encouraging you to focus on the long-term growth of your portfolio. In conclusion, the markets will always have ups and downs, but with DCA, you don’t have to worry about catching every wave 🏄. Instead, you focus on building your portfolio steadily, one step at a time.
WHITEBIT:BTCUSD
by WhiteBIT
4