Don't lose hope on the Thai banks!Staying range-bound over the past 4 years, SET:BANK is now showing a change in behavior. Hugging around the upper bound, SET:BANK looks ready to break out
Banks
JPM JPMorgan Chase Options Ahead of EarningsIf you haven`t bought JPM before the breakout:
Now analyzing the options chain and the chart patterns of JPM JPMorgan Chase prior to the earnings report this week,
I would consider purchasing the 245usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $5.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TFC Truist Financial Corporation Options Ahead of Earnings If you haven`t sold TFC before the regional banks selloff:
Now analyzing the options chain and the chart patterns of TFC Truist Financial Corporation prior to the earnings report this week,
I would consider purchasing the 40usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $3.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MBSB Cup & Handle Formation in the MakingShort term MBSB could be heading to support area around 0.700
If Cup and Handle pattern forms, TPs are the greenline marked on the chart.
Dividends have been good from this stock, plus it's a Banking stock.. with interest rates stable and potentially going down from here, loans are going to be cheaper and banks profit will grow Q-on-Q. It's also one of the only two Banking stocks that are Shariah Compliant.
I am looking to add position at 0.690 (support area) and keep it on my portfolio long term.
XRP - Roadmap to $3Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📦XRP has been trading within a large range, bounded by two round numbers, $2 and $3, forming a symmetrical triangle.
Last week, after rejecting the lower boundary of the triangle, XRP turned bullish in the short term.
For the bulls to maintain control and regain the long-term trend, a breakout above the red trendline and the green structure is required.
Such a breakout would target $3 as the initial objective. 🎯
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BAC Bank of America Corporation Options Ahead of EarningsIf you haven`t bought BAC before the recent rally:
Now analyzing the options chain and the chart patterns of BAC Bank of America Corporation prior to the earnings report this week,
I would consider purchasing the 47usd strike price Calls with
an expiration date of 2025-2-7,
for a premium of approximately $0.89.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
$BAC Trade AnalysisThe daily chart for BAC shows a downtrend within a broader bullish channel. The recent price action has broken below critical short-term moving averages (8 EMA and 21 EMA) and is currently testing a key support level at S1 (43.05). The chart includes pivot points, trendlines, and dark pool activity, which provide additional context for potential price movements.
Key Observations:
1. Trend Analysis:
Uptrend Channel: The long-term green trendline remains intact, suggesting the broader uptrend is still valid.
Short-Term Downtrend: A lower high (LH) and a series of bearish candles indicate short-term downward momentum. The price is below the 8 EMA and 21 EMA, confirming bearish bias in the short term.
2. Support and Resistance:
Resistance Levels:
Pivot (45.87): The first resistance level, aligning with the 8 EMA.
46.24: A significant resistance level near the 21 EMA.
47.00: A dark pool level that may act as a ceiling if price rebounds strongly.
Support Levels:
S1 (43.05): Immediate support and current price zone.
40.95: Historical support level, providing further downside protection.
S2 (38.60): A critical support zone aligning with dark pool levels and prior lows.
3. Volume Analysis:
Recent volume spikes on red candles suggest distribution, but the bounce on the most recent green candle (December 20) indicates potential accumulation near support at 43.05.
4. Dark Pool Levels:
47.00: A dark pool print from December 5, marking potential institutional resistance.
39.70–39.49: Significant dark pool activity from earlier in the year, which may act as a magnet if price continues lower.
5. Moving Averages:
The price is below both the 8 EMA and 21 EMA, indicating bearish momentum.
A recovery above these moving averages would signal a potential trend reversal.
Trade Setup:
Scenario 1: Bullish Reversal from S1 (43.05)
Trigger: A strong bounce off S1 with price reclaiming the 8 EMA (~45.36) would confirm bullish momentum.
Profit Targets:
45.87 (Pivot): First resistance level and a key target for a short-term trade.
47.00: Dark pool resistance level.
48.08: The upper range of the recent downtrend and potential long-term target.
Stop-Loss: Below 42.50, as a break below S1 invalidates the bullish setup.
Scenario 2: Bearish Breakdown Below S1 (43.05)
Trigger: A daily close below 43.05 with increased volume would signal bearish continuation.
Profit Targets:
40.95: Previous low and historical support.
39.70–39.49: Dark pool levels and a strong institutional support zone.
38.60 (S2): Key pivot support for a deeper downside move.
Stop-Loss: Above 44.50, as a move back above this level would signal recovery.
Scenario 3: Consolidation Before Directional Move
If the price remains range-bound between 43.05 and 45.87, traders can look for breakout trades in either direction. Volume and candlestick patterns will be key indicators.
Final Thoughts:
Short-Term Outlook: Watch for price action at 43.05. A bounce with strong volume would favor a bullish trade, while a breakdown opens the door for further downside.
Long-Term Outlook: The green trendline suggests that the broader uptrend remains valid. A deeper pullback into dark pool levels (~39.50) could offer long-term buying opportunities.
Could South Korea's Currency Crisis Signal a New Economic ParadiIn a dramatic turn of events that echoes the turbulence of 2009, the South Korean won has plummeted to historic lows, breaching the critical KRW1,450 threshold against the US dollar. This seismic shift in currency markets isn't merely a numerical milestone—it represents a complex interplay of global monetary policy shifts and domestic political dynamics that could reshape our understanding of emerging market vulnerabilities in an interconnected world.
The Federal Reserve's recent "hawkish cut" has created a fascinating paradox: while lowering rates, it simultaneously signaled a more conservative approach to future reductions than markets anticipated. This nuanced stance, combined with South Korea's domestic political turbulence following President Yoon Suk Yeol's brief martial law declaration, has created a perfect storm that challenges conventional wisdom about currency stability in advanced emerging economies. The won's position as this year's worst-performing emerging Asian currency raises profound questions about the resilience of regional economic frameworks in the face of complex global pressures.
What makes this situation particularly intriguing is the response from South Korean authorities, who have deployed sophisticated market stabilization measures, including an expanded foreign exchange swap line of $65 billion with the National Pension Service. This adaptive response showcases how modern economic management requires increasingly creative solutions to maintain stability in an era where traditional monetary policy tools may no longer suffice. As markets digest these developments, the situation is a compelling case study of how developed economies navigate the delicate balance between market forces and regulatory intervention in an increasingly unpredictable global financial landscape.
BTCUSD Wyckoff Accumulation Phase completedLets assume that the strength in the US dollar wont last for too much longer, as Central Banks try and work out how many more trillions are needed in the system.
The BTCUSD had been in a trading range for some time and this week we convincingly left it, with a big dose of Bullish price action.
Will it last? IDK. I am long BTCUSD so I am fundamentally in the Bitcoin 🚀 camp so I am also talking up my own book.
However, if we look to Wyckoff and transpose his teachings on the stages of the accumulation phase, we get quite a convincing outlook to the upside.
It could all be down to the fact that we see what we want to see, or it could be a run on the banks to the crypto-sphere.
JPM Leg 2?After a massive consolidation breakout, we are seeing a picture perfect ascending triangle forming,
Above $248 , $250 will come quick
AU Small Finance Bank - Technical Analysis Update and Key LevelsChart Overview:
The price action for AU Small Finance Bank shows it has been moving within a rising channel for the past few years, currently testing key support levels. The bank recently saw a price downgrade from Nomura, which adjusted the target price to ₹670, retaining a neutral rating. This adjustment reflects some cautious sentiment among analysts.
Key Levels and Fibonacci Retracement:
Channel Support - The stock is currently near the lower boundary of the long-term rising channel, a crucial area where it previously found support.
Fibonacci Levels - The stock has pulled back to the 61.8% Fibonacci retracement level around ₹565.65 from its recent highs, which often acts as a strong support level in technical setups. A further breakdown could push it towards the 50% retracement at ₹492.40, a potential next support.
Resistance - On the upside, resistance lies around the upper channel boundary and recent highs near ₹670-₹700, which aligns with Nomura’s target.
MACD Indicator:
The MACD currently shows a weakening momentum on the weekly chart, hinting at possible bearish pressure. A recovery in MACD or a bullish crossover could indicate a return to upward momentum.
RSI Analysis:
The RSI is approaching the oversold region. A bounce from this area might signal potential for reversal if accompanied by strong buying volume.
Conclusion:
AU Small Finance Bank is at a critical support level within a broader uptrend channel. Holding above ₹565-₹570 could lead to a rebound towards the upper end of the channel, with ₹670-₹700 as potential targets. However, if the price fails to hold, watch for the ₹492 level for possible support. The current technical setup suggests caution, especially with Nomura's neutral outlook.
Firstrand looking horrendous - Target to R64.47Inv Cup and Handle has formed on First rand.
Price<20 and <200 which makes it a Medium Probability trade.
But judging by the large down candle and the Fair Value Gap - means momentum is strong to the downside.
Target R64.47
This is strange considering how bullish the JSE Top 40 is looking. So it might be either a large fakeout or there is downside to come for the banks.
ICICI bank on angle 6 going up with selling in the short termWe have RED UMVD and RED TrapZone. With Red bar starting to form again. lets see if we gain selling momentum or not. Will post the daily after this.
BANK OF AMERICA Short-term buy signal.Last time we gave a signal on the Bank of America Corporation (BAC), was exactly a year ago (October 11 2023, see chart below), with the stock giving us a highly profitable buy trade, hitting the $44.00 long-term Target:
This time our focus is on the shorter term 1D time-frame where the stock is forming a Bullish Megaphone similar to the one in January - March 2024. Currently the price is pulling back (blue circle) and the symmetric pattern of mid March 2024 suggests that it should now rebound towards the 2.0 Fibonacci extension.
As a result, we are turning bullish mid-session, targeting $44.00 (above Fib 2.0 and below Resistance 1).
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Is Silver About to Rewrite the Rules of the Global Financial GaIn a remarkable twist of market dynamics, silver – long overshadowed by its golden cousin – is positioning itself for what could be its most dramatic transformation in decades. Russia's unprecedented decision to add silver to its central bank reserves has sent shockwaves through the precious metals market, potentially signaling a fundamental shift in how central banks view this dual-purpose metal. This strategic move, combined with a staggering supply deficit of 663 million ounces projected through 2024, suggests we may be witnessing the early stages of a historic price realignment.
The numbers tell a compelling story: a 41% price surge year-to-date, pushing above $33.89 per ounce, with analysts projecting potential moves beyond $40 before year's end. Yet it's not just the price action that's turning heads. The convergence of industrial demand from emerging technologies, particularly in renewable energy and electronics, alongside traditional investment demand, has created a unique supply-demand imbalance. This structural deficit, coupled with major central banks' expected rate cuts in 2024, could catalyze a powerful upward price trajectory.
Perhaps most intriguing is the current gold-silver ratio of 81:1, sitting well above its historical average of 55:1. This disparity, viewed alongside Russia's groundbreaking policy shift, raises a provocative question: Are we witnessing the early signs of a new monetary paradigm where silver reclaims its historical role as a strategic reserve asset? For investors and market observers alike, the unfolding story of silver in 2024 may well represent one of the most compelling opportunities in the precious metals space – a narrative where industrial necessity meets monetary revolution.
SWING IDEA - EQUITAS SMALL FINANCE BANKEquitas Small Finance Bank , a leading small finance bank in India, is showing promising signs for a potential swing trade.
Reasons are listed below :
75 Zone as a Strong Support Zone : The 75 level has proven to be a solid support zone, providing a strong foundation for a potential upward move.
Bullish Hammer on Weekly Timeframe : The formation of a bullish hammer on the weekly chart, which also engulfed the previous week's candle, indicates strong buying pressure and a potential reversal from the support level.
0.5 Fibonacci Support : The stock is currently resting at the 0.5 Fibonacci retracement level, a key area where buyers often step in to push the price higher.
Gradual Uptick in Volumes : An increasing volume trend suggests growing investor interest, further supporting the potential for a bullish move.
Target - 95 // 105 // 115
Stoploss - weekly close below 72
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
HDFC Bank at support, will it hold?Price is at the angle 3 at the moment. We have confirmed Resistance at 1790 area. Now we are selling hard. I don't thing the angle will hold the price and we will see RED UMVD soon !
Bitcoin is about to go boom! Bitcoin has been putting is some near term lower highs and lower lows.
The daily chart trend is starting to breakdown and show signs of distribution.
The weekly chart trend is still ok but even if we had a flush to 40k the Weekly chart would still display higher lows.
The point of this higher low excercise is to define trend and know that trends can often have a large range.
That being said I think a short setup in BTC is brewing. a retest of the 50 & 100 MA will likely prove to be very strong resistance as we keep losing the key larger term MA's.
As banks and potentially the stock market lose some momentum its going to be interesting to see how crypto is going to hold up.
#Banks reaching resistanceBanks ETF shows that Banks are topping inside a distribution level and a sharp downtrend is coming closely. Maybe, this is the most important chart to monitor this week.
GBPUSDGood morning traders, we have a beautiful continuation for yesterday, the price has been behaving very beautifully and always in favor of our direction so I wish you an excellent day of profit.
GLE - Société Générale: Revenues were €6.7b, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at €1.41, an impressive 35% ahead of estimates.
Trading at 70% below estimate of its fair value
Earnings are forecast to grow 21% per year
KTK Bank Bearish Set upLooks more like distribution rather than accumulation. Think we test 200 and if that doesn't hold its scary but we go test the weekly 200 ema wherever that might be post the breakdown.
HDFC sideways, For Institutional Exits?TrapZone is Red But Sideways. Price is going sideways now. Recent GREEM UMVD Pushing the price Up. Expect a cycle back down if we break the 4th Angle UP.
No need to waste Risk on this action!
