US30 H4 - Sell SignalUS30 H4
When the markets opened, we saw a large gap to the upside. Following another 30-60 minutes, what would have been our SL would have been knocked. That being said, we wait patiently for the markets to settle before then deciding how we are going to take out trades. We are still very much focussed on this same trading zone, hence the analysis remains the same.
I'll be looking for price to reject this 42,300 price again and test the underside for us to consider and measure entries. Lets see what unfolds, but this setup is still on the cards.
Stocks
Stonks go Up..Here's an Aggressive One. buy (risk capital) at 1 cent or 2, Wait for the Triple!!!
-Earnings on Aug. 20th.
-Net Income accelerating.
-Have reduced their debt to Virtually zil.
(Positive revenue. picking-up.)
.43 Quick Ratio
-Not a done Deal, though, company still needs to deliver
-good risk/reward ratio for a 'small' amount of Risk capital.
SWING IDEA - CITY UNION BANKCity Union Bank is showing promising technical signals for a potential swing trade.
Reasons are listed below :
170 Zone Tested Multiple Times : This key resistance level has been tested several times, indicating a potential breakout.
VCP Pattern (Volatility Contraction Pattern) : A bullish chart pattern signaling a possible price surge.
Bullish Engulfing Candle on Daily Timeframe : A strong reversal signal, highlighting increasing buying pressure.
50 EMA Support on Daily Timeframe : The stock is well-supported by the 50-day EMA, reinforcing the bullish sentiment.
Target - 185 // 205
Stoploss - daily close below 159
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - HUDCOHUDCO is showing potential for a swing trade based on technical signals.
Reasons are listed below :
230 Zone as Strong Support : The 230 level has been a crucial support zone, providing a solid base for potential upward movement.
Bullish Engulfing Candle on Daily Timeframe : A strong bullish engulfing candle indicates growing buying pressure.
0.618 Fibonacci Support : The price is bouncing off the 0.618 Fibonacci retracement level, suggesting a potential reversal.
200 EMA Support on Daily Timeframe : The stock is finding support at the 200-day EMA, reinforcing the bullish outlook.
Target - 280 // 310 // 345
Stoploss - daily close below 225
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Caterpillar (CAT): Construction Strength Amid Industrial SlumpCharting Caterpillar can be challenging, given the complexity of its price structure, but it’s fascinating to see how well it respects Elliott wave theory and trend channels. Despite the difficulties, the adherence to these principles makes the analysis quite promising.
The construction sector for Caterpillar remains robust, while the true growth catalyst is expected from a recovery in the mining industry, driven by demand from China and other regions. However, it’s not all positive: industrial activity in the U.S. has been sluggish, with the Institute for Supply Management Purchasing Managers' Index falling below 50 in 21 of the last 22 months—marking one of the worst streaks on record. This industrial downturn certainly adds pressure.
On a higher time frame, there’s not much new to add. However, we are looking for Caterpillar to move higher to complete wave (3). As shown in the zoomed-in chart (the chart in the left frame), we can observe how accurately the price is moving within the trendline. The "best-case" scenario for us would involve a push above the channel, followed by a sell-off. If this happens, it will provide a clearer indication that a larger correction—wave (4)—is imminent.
UBISOFT REKT- What happens when you're one of the biggest video game companies in the world and you rest on your laurels? You sink.
- That said, as traders, we can always attempt to capitalize on a dead cat bounce.
- Right now, nothing to buy, if Ubisoft not down more and bounce before, just forget it.
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Trading Parts :
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- Buy around 10€ ( 30% invest )
- DCA Rebuy to 8.5€ ( 70% invest )
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- TP1 : 17.9€
- TP2 : 29.9€
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SL : 5.9€
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Stay S4fe
Happy Tr4Ding !
$QQQ Longer ViewpointNASDAQ:QQQ is lagging behind AMEX:SPY and has not reclaimed ATH ' yet .'
Looking at the weekly time frame, we can note that NASDAQ:QQQ has been bouncing off the trendline that started back in JAN 2023.
It has touched and bounced off that trendline 3x so far:
-MARCH 2023
-OCTOBER 2023
-AUGUST 2024
Each time it bounced, it ran for approximately 100pts + and took roughly 124 - 140 days before consolidation and/or a correction / retracement / pullback occurred.
From a technical standpoint, NASDAQ:QQQ will attempt at All Time Highs (ATH) at $503.52 again. We have to be conscience of the divergence between AMEX:SPY and $QQQ. AMEX:SPY has already made a new ATH while NASDAQ:QQQ is lagging behind.
If ATH is broken on NASDAQ:QQQ and price move similarly to the last two weekly trendline bounce, then price could reach $528 and some change before possible consolidation and/or a correction / retracement / pullback occurred with a timeline of around mid-December.
Failure to reclaim and/or break ATH can cause NASDAQ:QQQ to return back to the trendline.
This is NOT financial advice but an opinion.
Suzlon Energy: Navigating Key Resistance and Support ZonesSuzlon Energy: Navigating Key Resistance and Support Zones
NSE:SUZLON is showing notable technical levels that could determine its next move:
Resistance Zones: 86 / 78 – These levels present strong selling pressure, and failure to break above could lead to potential retracements. Keep an eye on volume at these levels for any breakout signals.
Support Zones: 71 / 66 – These areas act as crucial support. A breach here might trigger further downside momentum, possibly leading to a more significant correction.
The stock’s behavior near these zones will likely dictate the short-term trend. Traders should closely monitor for any patterns that indicate potential reversals or continuations.
Disclaimer: I am not a SEBI-registered Research Analyst. This is purely for educational purposes. Please perform your own due diligence and consult a financial expert before taking any trade.
$SPY OVERIVEW ON THE MONTHLY TIME FRAMEAn overview of AMEX:SPY from a technical standpoint. This does not include any fundamental / economical consideration.
AMEX:SPY has been in this rising channel since 2020.
Each wave / rejection from the trendline / channel caused a 10 - 12 month directional move 100pts +.
AMEX:SPY is at the top trendline / channel again. Could see an upward continuation of price in an attempt to hit $600. Failure to break through $600 could start the retracement / correction / pullback over the next 10 - 12 months back to the bottom of the channel / trendline.
This would put AMEX:SPY at around $500, give or take 20 - 40 pts. This would be in alignment with what some of the more well-known analyst / economist has been stating about 15/20% correction.
Reason for the margin of error is the last two waves moved an avg of 140 pts. $500 is a key level psychologically and from an algorithmic point of view.
$600 is also a key psychological / algorithmic level as well. If there is a break of this level, market could see another 20 - 40 pts topside move before consolidation and then possible retracement / correction / pullback.
This is NOT financial advice but merely an opinion.
S&P 500 Daily Chart Analysis For Week of Oct 4, 2024Technical Analysis and Outlook:
In the preceding week's Daily Chart Analysis for the Week of Sep 27, the index adhered to the anticipated behavior by attaining the robust support level at Mean Sup 5700. This notable resurgence in the primary trend will likely prompt a robust bull movement toward the completed Inner Index Rally at 5763, with a high probability of surpassing it and progressing towards the awaited Outer Index Rally at 5840 within the upcoming trading session. It is imperative to acknowledge that reaching these objectives will trigger a volatile downward sentiment price action.
Xiaomi (1810): Major Gains, Next Targets and Updated StrategyThe Hang Seng Index and its constituent stocks have been surging higher, with Xiaomi leading the charge 🚀. The setup we had on Xiaomi was quite similar to the one for Alibaba, featuring a tight stop-loss and a high risk-to-reward ratio, which, just like NYSE:BABA , worked out perfectly. Although we aimed to catch the end of wave (ii), we missed the entry by just a few HKD. Despite this, the position is now up an impressive 85% since we initially sent out the entry back in March.
We have taken our first round of profits as we haven't locked in any gains yet, and we have moved our stop-loss to the break-even point. However, we are confident that Xiaomi will not revisit this level for a long time. We took profits upon reaching a key wave 3 extension level. While we expect further gains on the lower time frame, we must also respect what the higher time frame indicates. Whether it's longing wave (iv) or wave 4, the choice depends on whether we are right about the higher or also the lower time frame. On the higher time frame, we anticipate a maximum rise to 30 HKD before we see a significant correction.
We believe there is still substantial upside potential for Xiaomi – it's only a matter of time. We'll keep monitoring both scenarios closely and act accordingly 📈.
Retest Complete. Dollar Should Continue Down Again.There's that retest to the underside of my pink line that I was previously expecting. As you all know from last weeks video, I was a bit surprised we didn't get it at the time I was making the video. Well, better late than never. This is a perfect retest. Though, the dollar could hover on the underside for a few more days, I expect that by mid-October you'll see the trend continuation down as we head for that very important, very old trend line coming all the way back from Orwell's 1984. Blow-off top in the U.S. stock market should continue until then. If so, crypto will follow.
AVGO: This pullback is a buy opportunity.Broadcom is bullish on its 1D technical outlook (RSI = 59.908, MACD = 4.100, ADX = 23.045) as it remains near its All Time High. However it is consolidating as the 1D MA50 is holding. As long as the 1D MA200 supports on the bottom of the long term Channel Up, the long term action is bullish. Aim for at least a +122% rise (TP = 285).
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COINBASE: Be ready to buy if it crosses the 1D MA50. Target $360Coinbase is neutral on its 1D technical outlook (RSI = 46.702, MACD = -4.680, ADX = 25.125) as after last Friday's (Sep 27th) rejection on the 1D MA50, it hit the bottom of the long term Channel Up and is consolidating. In similar instances inside this pattern, such consolidation was the formation of the new bottom of the Channel. A bullish divergence on the 1D RSI usually accompanies this formation, which is what we have now also. Consequently, if the price crosses over the 1D MA50 now, it will be the trigger buy signal. The target may be a minimum of +144.73% rise (TP = 360), as all prior rallies achieved at least this rise.
See how our prior idea has worked out:
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Trade Idea: Microsoft Daily Timeframe Rejection at ResistanceI’m watching for Microsoft’s price to return to a key resistance level on the daily chart. If the price reaches this point, I anticipate a potential rejection. This could lead to a reversal or a pullback, providing a possible short opportunity.
Gold Shakeout - Fed Comments/UD-Dollar - Rally TimeGold saw a huge shakeout this morning, as the Fed commented, and the move in the US dollar put some extreme pressure on metals.
The funny thing is this move ended almost as fast as it started - and now metals are rallying again.
Why?
The Fed is trying to transition into a more global friendly position - allowing foreign nations to become more competitive with the US Dollar. China recently went ALL IN on a resurgence economy - betting the US Fed is going to move towards more Dovish rate cuts. This bet may be the downfall of China if the Fed changes direction near the end of 2025.
The US dollar is still the biggest, badest currency on the planet. As Gold rises while the US Dollar rises - you are seeing global traders attempt to hedge global risk factors in precious metals while the US Dollar/Economy continues to be the 900lb Gorilla of the world's economies.
Things could get very interesting through the US election. Sit tight - buckle up and prepare for some very big moves in the markets over the next 60-90+ days.
Get some.
#Tesla Analysis : More Fall Ahead ? (READ THE CAPTION)By analyzing Tesla's weekly chart (logarithmic), we observe that after a correction down to $209, the price experienced renewed buying pressure and was able to climb back up to $265. Once the price reached this significant supply level again, it faced selling pressure and has, so far, corrected down to $240. I expect that if the weekly candle closes and stabilizes below $242, we may see further correction in this company's stock.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Boeing (BA) Shares Hover Near Two-Year LowBoeing (BA) Shares Hover Near Two-Year Low
Despite the S&P 500 index (US SPX 500 mini on FXOpen) rising roughly 20% since the start of 2024, Boeing (BA) shares are currently around the psychological level of $150 – a low last seen in autumn 2022.
Several factors have driven bearish sentiment for Boeing in 2024:
→ Reputational setbacks due to technical issues, including helium leaks and engine malfunctions on the Starliner spacecraft intended for astronaut transport to the ISS.
→ Boeing has struggled to meet its aircraft delivery targets, and it reported significant financial losses in Q2 2024, with earnings per share nearly halving forecasted estimates, further impacting investor confidence.
→ Fines from the U.S. Department of Justice, worker strikes, and other operational challenges have compounded issues.
Technical analysis of Boeing’s (BA) chart reveals:
→ In 2024, the share price has formed a downward channel (marked in red), with the Resistance 2 trendline suggesting that bearish sentiment could intensify.
→ The price hovers near the channel’s lower boundary, potentially supported by the $150 level.
This positioning might prompt bulls to attempt a breakout above Resistance 2, possibly replicating the pattern seen after the Resistance 1 break in May 2024.
Otherwise, a drop below $150 would indicate intensified bearish pressure and underline Boeing's fundamental challenges.
What’s Next?
Analysts remain optimistic about Boeing’s (BA) prospects. According to TipRanks, the average forecast for Boeing’s share price is over $200 within the next 12 months.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
HOME DEPOT Consolidation then rally until end of the year.Home Depot (HD) hit our $415.00 long-term Target as called on our previous analysis 5 months ago (April 24, see chart below):
It doesn't show however any signs at all of stopping here as the Channel Up has still significant upside potential before it prices a Higher High on its top. Being on its 2nd Bullish Leg and approaching the 1.236 Fibonacci extension, it is possible to see a minor short-term pull-back and then a more structured rise until the end of the year.
This is at least the pattern that the 1st Bullish Leg of the Channel Up followed and is that helped us pursue the previous ($415) target in the first place. The 1W MACD also shows the strong similarities between the two Bullish Legs.
As a result, our new long-term Target is $460.00 (marginally below the 1.786 Fibonacci extension).
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Newmont (NEM) AnalysisCompany Overview: Newmont NYSE:NEM , as the world’s largest gold miner, is well-positioned to benefit from the ongoing gold bull market. The price of gold is projected to rise to $2,500 per ounce by the end of 2024, creating a significant tailwind for Newmont’s operations.
Key Catalysts:
Gold Production Strength: With forecasted production of 6.9 million ounces in 2024, Newmont has a major advantage, given its scale and operational capacity. The bullish gold market will enhance its profitability.
Newcrest Acquisition: The acquisition of Newcrest Mining is a game-changer, adding $500 million in synergies and boosting cash improvements by $2 billion through portfolio optimization. This deal strengthens Newmont’s competitive position and enhances long-term value creation.
Investment Outlook: Bullish Outlook: We are bullish on Newmont above $48.00-$49.00, based on strong gold market fundamentals and the strategic value of the Newcrest acquisition. Upside Potential: Our target for NEM is $78.00-$80.00, driven by rising gold prices and operational efficiencies from the acquisition.
🚀 NEM—Gold Market Leader Positioned for Growth. #Gold #Mining #Newmont
SWING IDEA - OBEROI REALTYOberoi Realty is presenting a promising swing trade opportunity based on the following technical signals.
Reasons are listed below :
Symmetrical Triangle Breakout : The price has broken out of a symmetrical triangle pattern, indicating a potential upward movement.
Strong Bullish Candle : A robust bullish candle signals increasing buying momentum.
Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day EMAs, further reinforcing the bullish trend.
Target - 1950
Stoploss - daily close below 1730
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Nifty Next MoveNifty almost gave a massive down trend its likely a retracement and we can see its already brake a trend line liquidity we can expect 60 %retracement or full retracement as Extreme ob area we can expect buy area from these ob areas
happy trading 🥰
📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me !
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📌 Note :
⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻
⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading
⨹ This is my pre and post market analysis to improve my trading journey 🚀
⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀
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HAPPY TRADING 🥰