#GNOUSDT remains weak after a strong drop📉 SHORT BYBIT:GNOUSDT.P from $181.40
🛡 Stop Loss: $186.50
⏱ 1H Timeframe
✅ Overview:
➡️ BYBIT:GNOUSDT.P experienced a sharp rally above $210, followed by an equally strong pullback.
➡️ The POC (Point of Control) at $187.27 indicates the highest liquidity area, which serves as a strong resistance level.
➡️ Price is consolidating below $183.12, signaling potential seller dominance.
➡️ If $178.55 breaks downward, further decline toward $175.30 is expected.
⚡ Plan:
➡️ Enter short upon a confirmed break below $181.50.
➡️ Stop-Loss placed at $186.50, above the resistance zone.
🎯 TP Targets:
💎 Take Profit1- 178.55
🔥 Take Profit2- 175.30
🚀 BYBIT:GNOUSDT.P remains weak after a strong drop—expect further downside.
Bearishmomentum
Saying the quite things about TSLA out loud...This is my first chart art.
Hope you all find humor in the awful situation that is TSLA.
I do NOT see any situation where TSLA remains a Trillion Dollar market cap company for the next 4 years. Their cars are being sold used at historically higher volume, demand has gone down and their new model Y... WHY would someone buy that when the CEO and founder is sieg healing behind the podium the same day where the American Equivalent of the nuremberg laws are signed into law.
Behind the insanely bearish optics, the fundamentals have always been overvalued. TSLA is not a tech company. It's a car company built off the top of liberal ideology. It's founder is in an "open loop" or more accurately a "broke loop". He has chosen to support policy that harms his stock, such as removing the EV credit that has contributed to their profitability. Worse still, the acquisition of Twitter, using TSLA as collateral will inevitably result in a defaulted loan. Compounding still, further, he is borrowing money from new investors to fund xAI, which has no real value compared to OpenAI and is, itself being used to pay back the defaulting loans backed by TSLA.
This is a literal PONZI scheme, ran by someone who has put the entire fate of his company in the hands of a convicted fraudster with 7 bankruptcies under their belt.
It is a literal, red nazi flag.
Nothing NEO about it...
Bearish trends in the days ahead. Hello,
To all my folks who are trading forex. Right now everything has been going crazy with all the news across the world.
One thing can be sure is the USD is reigning supreme. With a guy sitting at the big White House in DC. Be rest assured he wants to be first at everything. He wants US first in everything. It’s only a matter of time before things start to reflect certain aspects of that. Especially the USD.
So let’s take a look at what the EUR has been doing for a while! What it has been doing for a long time is falling.
Things will continue to be that way. If we extend the times on the chart to 4hrs, day, week and even month. You can see that things are looking to trace back to low’s that haven’t been hit in years.
Of course, things will always have to retrace, you will have your support and resistance levels. That’s a gimme. It’s what we do at those levels is what will define these future trades.
At this time. It’s time to throw the towel in and admit. We are in a EUR/USD downtrend for a long time to come.
As always, research your entries, confirm your strengths and look for opportunities to trade smarter. If you enjoy this publish idea, please follow and boost this up.
- Thank you
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.
HEY SPYLOVERS ! Here is a Video Analysis on SPY (Price & Levels)Very strong movements and levels that we need to closely monitor, as we are entering a bearish market. We must exercise great caution during this decline and ensure that the price does not exceed the mentioned levels; otherwise, it will be cause for concern.
Best regards, and thank you for supporting my analysis.
Bitcoin at Critical Support: Will It Hold or Breakdown?We’re currently looking at Bitcoin on the weekly chart with 6 days remaining before this candle closes. It’s sitting at a key support level of $93,416.91, and Bitcoin needs to maintain this support for the bullish momentum to continue. If this critical support level breaks, we could see a bearish crossover, with the 9 EMA crossing below the 4 SMA. This could trigger a sharp decline and potentially lead to a panic sell. The next key support is at $87,328.39, which we’ll need to hold. We’ll revisit this analysis when the next move unfolds. If you found this helpful, please hit the like button.
Pfizer Ltd. - Short Position AnalysisChart Overview:
The chart indicates that the stock is in a clear downtrend, following a descending channel pattern. The price is nearing a key horizontal support level (marked in black), and a breakdown below this level may present a shorting opportunity.
Trade Setup for Short Position:
1.Entry Trigger: Below ₹5,028 on a daily closing basis.
2.Targets:
Target 1: ₹4,885 (first demand zone).
Target 2: ₹4,760 (strong support and lower boundary of the descending channel).
3.Stop Loss: Above ₹5,187 (recent swing high and red-dotted resistance level).
4.Risk-Reward Ratio: Ensure a favorable ratio of at least 1:2.
Alternate Scenario:
If ₹5,028 holds as support, the stock might see a pullback toward ₹5,187, where selling pressure could resume.
USDJPY: Bearish Break in FocusHello Traders,
Below is my analysis of USDJPY currency pair from H1 perspective.
Trend & Sentiment
USDJPY is in a strong downtrend, forming lower highs and lows. The recent break below 153.819 confirms bearish momentum, with sellers firmly in control.
Key Levels
Resistance: 153.962 (Minor), 154.653 (Major)
Support: 153.276
Possible Movement
Bearish Continuation: Likely toward 152.466 (target) as long as the price stays below 154.653.
Retracement Risk: Minor resistance at 153.962 may cap any short-term bounces.
Reversal Signal: A break above 154.653 could shift momentum to bullish.
Conclusion
The outlook remains bearish with a focus on 152.466, while resistance at 154.653 defines the trend's invalidation point.
Do let me have your thoughts.
Cheers and happy trading!
EURCAD: Bearish Momentum in PlayHello Traders,
Trust trading has been awesome for you.
Please find below my analysis of the EURCAD currency pair from H4 perspective.
Trend & Sentiment
The pair remains bearish, forming lower highs and lows. Sellers maintain control, though the current consolidation suggests temporary indecision, even though price is facing resistance around the 1.48591.
Key Levels:
Resistance: 1.48591
Support: 1.47211
Possible Movement
A break below the equilibrium at 1.47993 could accelerate bearish momentum toward 1.47211 and 1.45831. A short-term pullback to the resistance at 1.48591 is possible (as we saw the buyers temporarily pushed above this region and closed back below it) but likely to face renewed selling pressure.
Short-Term Target: 1.47800
Medium-Term Target: 1.47211
Long-Term Target: 1.45831.
This trade may last from now till 22nd November or beyond to fully unfold.
Conclusion
The bias remains bearish, with a focus on the downside targets unless the price breaks above 1.48898 to challenge the trend.
Cheers and happy trading!
BLUEDART SHORT CAUGHT!Today was a one side, short market!
I always believe in following the money - the smart money!
Coupled with the options Weekly contracts termination like BANKNIFTY, MIDCPNIFTY, FINNIFTY, etc, we are going to see more sell off in this week, as per my observation.
Dont go LONG in the market blindly tomorrow ( 14, Nov, 2024).
Good luck and Namaste!
Hey SPYLOVERS here are 3 Scenarios for this week check it out...Another week analyzing SPY's behavior correctly as we planned. I’d like to invite you to review my previous analyses of the price movements throughout the week, so you can see that I base my strategy solely on price action and institutional supply and demand concepts—simple methods that the price has respected.
In this case, we won’t be seeing historical highs anytime soon. I believe we’re in a pullback where we need to monitor closely to see if the price might return to the order block I have around $563.60. This area is significant because it’s where the highest concentration of orders in the market is currently positioned.
If we look at the last candle SPY closed with, although it ended higher than the previous one, it’s still showing selling pressure, so we’ll likely continue on the path of selling for a few more days.
The key is to analyze the next move the price makes when it touches the order block:
Here are 3 possible Scenarios.
Scenario 1. If the price reaches this zone ($563.60), it might dip a little further as a fake-out before bouncing back strongly. Here, we need to pay close attention to the candlestick pattern that appears in this area.
Scenario 2. If it respects the order block but doesn’t bounce with enough strength, we might be witnessing a Head and Shoulders pattern forming, which could later bring the price to the inflection zone (the blue middle area).
Scenario 3. If the price breaks my order block with strength and volume, then we’re validating a CHoCH (Change of Character), where we could see the price move to the inflection zone (the blue middle area).
No matter what happens, remember to always watch the candlestick pattern and the volume. That’s the main fuel behind the price's strength, and analyzing it this way will make your analysis more accurate.
Thank you for supporting my analysis. TRADE SAFE! Best regards.
DXY (US Dollar Index) Analysis Daily TimeframeDXY is currently sitting at a daily resistance level after a bullish run since last week.
we anticipate a potential move to the downside as the index shows signs of weakening, by creating a Doji candlestick, which indicates market indecision.
Remember: If the US Dollar Index turns bearish, EUR/USD and GBP/USD are likely to show bullish momentum.
Let's take a closer look at these pairs for potential buy setups.
High Probability EURAUD 4H Bearish OB Setup – TP1 at Sell-Side EURAUD is showing a high-probability bearish setup on the 4-hour chart. Price tapped into a bearish order block (OB) near 1.62579, aligning with the optimal trade entry (OTE) zone. With price respecting this OB and the structure holding, we anticipate a move down toward the sell-side liquidity/TP1 at 1.61363. If this liquidity level is taken, we could see further downside momentum as the trade progresses.
USDJYP - Technical Analysis [Short Setup]🔹 USDJYP Analysis on 4H chart
- The current Trend is BULLISH
- There is BEARISH divergences
- Reversal pattern is present which is rising wedge
🔹 Trade Plan For 1HR
- Entry Level = 149.093
- Stop Loss = 149.656
- TP1 = 148.545
- TP2 = 147.982
- TP3 = 147.397
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
- Third TP is 1:3
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
- Take 1% risk entry with 1:3 RR
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Nifty 50 Index - Head and Shoulders Pattern ConfirmedOn the daily timeframe, Nifty 50 has formed a textbook Head and Shoulders pattern, signaling a potential bearish reversal. The left shoulder formed around late August, followed by a higher peak (head) in early September, and now the right shoulder is completed. The neckline has been broken at the 24,612 level, indicating further downside risk.
Key Points:
Pattern: Head and Shoulders (Bearish Reversal)
Neckline : 24,612 (Broken)
Immediate Support: 24,459
Target 1: 23,348 (measured move from the head to neckline)
Volume: Increased during the right shoulder formation, confirming selling pressure.
RSI: Currently near the oversold territory, suggesting a possible short-term relief bounce before resuming the downtrend.
Projection:
Short-term downside: The first target can be seen around 23,348, where the measured move would complete.
Risk Management: A close back above the neckline would invalidate the bearish outlook, with resistance now around 24,816.
Where will markets trend next? Planetary patterns give us clues!Solar Eclipses are major 6-month pivot points. The next one is on October 2, 2024. Invest By Cycles decodes planetary patterns and astrological cycles as an investing enhancement tool to complement classic fundamental and technical analysis.
Major Top Forming on SPXHello Everyone, a simple analysis of the RSI and current price action appear eerily similar to the 2022 peak. During the 2022 top we had financial experts and the media claiming victory stating that this bull market will continue, however we crashed soon after. Now the SPX is currently forming a topping process, this could be done or we could go a little higher before the bear market continues. It's clear that the SPX is making new highs while NDX and IWM fail to make a new high suggesting that this is the top.
If this economy is doing so good, then why does the FED need to cut interest rates? The fed is cutting interest rates because we are either in a recession or we are very close to one. There is no such thing as a soft landing. The truth is we may already be in a recession and it wouldn't be declared until we are deep into one.
If anything we are no longer going into a recession, we are going into a depression. Do not get lulled into a false sense of security like many others during the 2000 and 2008 top.
NZDUSD - Technical Analysis [Long Setup]🔹 NZDUSD Analysis on 1HR chart
- The current Trend is Bullish
- Bullish Divergence is Present
- No Reversal pattern
- Waiting for a Break of Structure for Confirmation
🔹 Trade Plan
- Entry Level = 0.61647
- Stop Loss = 0.61072
- TP1 = 0.62223
- TP2 = 0.62802
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
Like and subscribe to never miss a new idea! ✌🏼