Get started

Beyond Technical Analysis

S&P 500 Daily Chart Analysis For Week of Nov 8, 2024Technical Analysis and Outlook: During the current trading session, the S&P 500 index has exhibited significant strength by successfully filling the projected gap, as detailed in the S&P 500 Daily Chart Analysis dated November 1. This upward movement has facilitated a substantial rebound, as the index has retested both the Outer Index Rally level of 5861 and the Key Resistance level of 5865. Furthermore, the index has completed the Outer Index Rally threshold 6000, suggesting a promising potential for additional increases toward Outer Index Rallies at 6123, 6233, and 6418. Nevertheless, it is essential to recognize that achieving the Outer Index Rally 6000 level may prompt a downward price movement towards the Mean Support level of 5929 before progressing into the subsequent phase of the bullish trend
SP:SPX
by TradeSelecter
Is SHIB (Shiba Inu) the Next Big Player in the 2024 Bull Market? Shiba Inu (SHIB), the popular meme coin, has been making significant strides in the cryptocurrency market. While it may not be as widely recognized as Bitcoin or Ethereum, SHIB has garnered a dedicated following and has shown remarkable resilience. As the 2024 bull market unfolds, several signs suggest that SHIB could emerge as a dominant force, potentially triggering a 90% price surge. 1. Strong Community and Social Media Presence: One of the most significant factors driving SHIB's potential is its passionate and active community. The SHIB Army, as they are known, has been instrumental in promoting the coin and generating significant buzz on social media platforms. This strong community support has helped SHIB maintain its relevance and attract new investors. 2. Technical Analysis and Chart Fractals: Technical analysis provides valuable insights into potential price movements. Chart fractals, which are recurring patterns in price charts, can be used to identify potential future price trends. Recent analysis of SHIB's chart suggests that the coin may be forming a bullish pattern, similar to historical patterns that preceded significant price surges. 3. Layer-2 Solutions and Ecosystem Expansion: Shiba Inu has been actively exploring Layer-2 solutions to enhance its scalability and transaction speed. By leveraging these technologies, SHIB can address the limitations of its underlying blockchain and attract a wider range of users and developers. Additionally, the expansion of the Shiba Inu ecosystem, including the development of new projects and partnerships, can further fuel its growth. Potential Challenges and Risks: While the future of SHIB appears promising, it is essential to acknowledge potential challenges and risks: • Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur without warning. Investors should be prepared for potential price fluctuations. • Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains uncertain, and any unfavorable regulatory developments could negatively impact the price of SHIB. • Competition: The meme coin market is highly competitive, and the emergence of new and innovative projects could divert investor attention away from SHIB. Conclusion: Shiba Inu's strong community, promising technical analysis, and ongoing development efforts position it as a potential breakout candidate in the 2024 bull market. However, investors should approach SHIB with caution and conduct thorough research before making any investment decisions. By understanding the risks and rewards, investors can make informed choices and maximize their potential returns. Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It is important to conduct thorough research and consult with a financial advisor before making any investment decisions.
Long
by bryandowningqln
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only. Stock has given break out. Buy above high. Keep this stock in watch list. Buy above the High and do not forget to keep stop loss, best suitable for swing trading. Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2 Stop loss can be Trail when it make new box / Swing. Be Discipline, because discipline is the key to Success in Stock Market. Trade what you See Not what you Think.
NSE:WELCORP
by AnsariTV
EURUSD Testing Strong Support Zone Near 1.0700EURUSD Testing Strong Support Zone Near 1.0700 EURUSD is currently testing a strong support zone near 1.0680 - 1.0700. This area seems poised to push the price up again in the coming days, making it a potential short-term trade opportunity. The US will release the Consumer Price Index (CPI) data on Wednesday, so the market is likely to speculate again. The US Consumer Price Index (YoY) for October is expected to be 2.6% vs 2.4% the previous month. The US Consumer Price Index ex Food & Energy (YoY) for October is expected to remain at 3.3%. EURUSD may test the 1.0750 and 1.0800 levels again. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
2
FED lowers interest rates! Gold recovers in the short term⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold (XAU/USD) faces challenges building on Thursday’s strong rebound from the 50-day SMA support near $2,643, with some selling pressure emerging in the Asian session on Friday. The US Dollar has regained strength, partly recovering from its recent slide, and a generally optimistic risk tone weighs on the safe-haven appeal of gold. Meanwhile, the fading “Trump trade” and a lack of hawkish signals from the Federal Reserve keep US Treasury yields lower, potentially limiting USD bullish momentum and offering some support for gold. Traders are now focused on the upcoming Michigan Consumer Sentiment Index and Inflation Expectations for near-term trading cues. ⭐️Personal comments NOVA: As expected by the market, the FED cut interest rates by 0.25%, bringing positivity and optimism to XAU in the short term. Currently, other financial sectors are starting to become vibrant again, and it will be very difficult for gold to compete. The downtrend will continue ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2727 - $2729 SL $2734 TP1: $2720 TP2: $2710 TP3: $2700 🔥BUY GOLD zone: $2668 - $2670 SL $2663 TP1: $2675 TP2: $2688 TP3: $2700 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
1
#EURCAD 1DAYEURCAD Daily Analysis The EURCAD pair is currently trading near the lower boundary of a well-defined channel on the daily chart, where it has reached channel support. This support level suggests potential buying pressure, as the price has historically rebounded from this area within the channel, creating a favorable setup for a long position. Technical Outlook: - Pattern: Channel Support -Forecast: Bullish (Buy Opportunity) - Entry Strategy: Buy near the channel support area Traders may look to enter a buy position around this support level, with targets set at the channel's upper boundary. To further confirm the setup, indicators like RSI showing oversold conditions or MACD indicating a bullish divergence could add confidence to the trade, supporting the bullish forecast for EURCAD.
Long
by PIPSFIGHTER
2
For SOL/USDT, For SOL/USDT, Current Price Movement: SOL is trading at approximately $202.92, marking a significant weekly increase of 24.85%. Breakout Confirmation: The price has broken out of a consolidation pattern, signaling a potential strong bullish continuation. Price Targets: 🎯 First Target: $229.77 🎯 Second Target: $278.02 🎯 Third Target: $318.56 This breakout suggests a potential continuation of the upward trend, with these targets in sight as momentum builds. Monitoring price action at these levels will be crucial for confirmation. #SOL #CryptoAnalysis #TechnicalAnalysis
Long
by VIPROSE
Rivian Power Surge!Rivian is gaining bullish momentum, with a gap forming around the $9.00 level. A breakout above the $12.33 resistance would signal continued strength, positioning the stock to reach the $18.91 weekly resistance. This trade offers a strong risk-to-reward ratio, with a stop-loss set at $8.28 to manage downside. In the longer term, RIVN has the potential to reach $28.06, supported by its growing position in the electric vehicle (EV) market. With rising demand for sustainable transportation and Rivian’s focus on high-performance EVs, the company is well-positioned for future growth. Strategic partnerships, such as those with Amazon for electric delivery vans, enhance Rivian’s revenue prospects and visibility in the market, bolstering its longer-term potential. This combination of technical momentum and favorable market fundamentals supports a bullish push toward $18.91 in the near term, with $28.06 as a longer-term target. Follow @The_Trading_Mechanic for more health check-ups on your investments! NASDAQ:RIVN
NASDAQ:RIVNLong
by The_Trading_Mechanic
Never HODL at the highest point even if the profit is small Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I used TradingView's INDEX chart to see the overall flow of BTC. ----------------------------------------- Let's take a look at the section that showed a big movement. (1M chart) - 13888.32 - 57789.06 - 71320.68 The three points above are where the BW(100) line was created. The fact that the BW(100) line was created means that a high point section has been formed, so there is a high possibility of a decline. Therefore, based on the previous two experiences and looking at the current movement, we can see how important the 71320.68 point is as a support and resistance point. Therefore, we should sell when it falls below 71320.68 in order not to HODL in the high range. In the big picture, the stop loss point has been confirmed. - (1W chart) From the 1W chart, we can see that the 68376.06 point is an important stop loss point. Therefore, we should decide to sell depending on whether there is support in the 68376.06-71320.68 range. - If the BW(0) line is created after the price falls, then it is a strong buying period. Therefore, we should check whether there is support and see if we can buy. The reason is that after buying at the 37929.90 point, there is a possibility that it will fail to rise above the MS-Signal indicator and continue to decline. Therefore, you should not forget that you need to cut your loss when it falls below 37929.90 after buying. If you have a lot of cash left after distributing your investment weight well, you can buy more when the next BW(0) line is created to lower the average purchase price. However, since it is a 1W chart, such a transaction is not easy, so I think it is better to buy again after cutting your loss. - (1D chart) Since BW(0) and BW(100) lines are often created on the 1D chart, it is recommended to use the BW(0) and BW(100) lines created at the current price position for trading. As mentioned earlier or in the chart, you can see that the BW(100) and BW(0) lines appear after the arrows are created, and there is a decline and rise. Therefore, since the arrows are created near the current price, you can see that the BW(100) line is likely to be created soon. Therefore, if you are trying to make a new purchase now, I think it would be better to lower the investment ratio or not to make a transaction at all. In any case, when the BW(100) line is created, you have to stop the transaction in progress or sell some of it. - It is not much, but I think it can be a good reference for trading. If you look at the StErr Line, HA-High, HA-Low, BW(0), and BW(50) indicators together to make this judgment, I think it will be a great help in your trading strategy. Since these indicators can be used on all time frame charts, I think they can help you get an eye for selecting support and resistance points. If you use too many indicators, you can trade incorrectly. Therefore, you should think about how to use the indicators, which indicators to apply to which trading strategy, and think about how to use them accordingly. I hope that this time, you will trade without HODLing at the high point. - Have a good time. Thank you. --------------------------------------------------
INDEX:BTCUSDEducation
by readCrypto
2
#AUDCAD 2HAUDCAD 2-Hour Analysis The AUDCAD pair has recently broken below a trendline support on the 2-hour chart, signaling a potential bearish shift. This breakdown is accompanied by a bearish engulfing candle near the broken trendline, reinforcing the likelihood of further downside movement. Technical Outlook: -Pattern: Trendline Breakdown with Bearish Engulfing -Forecast: Bearish (Sell Opportunity) -Entry Strategy: Sell near the trendline resistance or after confirmation of the bearish engulfing pattern Traders may consider entering a sell position around this area, targeting lower support levels. Additional confirmation from indicators like RSI showing downward momentum or MACD reflecting a bearish crossover could strengthen this setup, supporting the bearish outlook for AUDCAD.
Short
by PIPSFIGHTER
EURUSD Daily Pivot Points AnalysisEURUSD Daily Pivot Points Analysis Daily R3 - 1.0959 Daily R2 - 1.0892 Daily R1 - 1.0847 Daily Pivot Point - 1.0780 Daily S1 - 1.0735 Daily S2 - 1.0668 Daily S3 - 1.0624 ✅Today's price stands at the Daily Pivot Point - 1.0780 without showing signs of bulls and bears. 📈A move above the Daily Pivot Point - 1.0780 can push the price to Daily R1 - 1.0847 but I don't see the price rising further for today. From the Daily R1 - 1.0847 the price can move down again to the Daily Pivot Point - 1.0780 📉A move below the Daily Pivot Point - 1.0780 can push the price down to Daily S1 - 1.0735 but I don't see the price declining further for today. From the Daily S1 - 1.0735 the price can move up again to the Daily Pivot Point - 1.0780 ——————————————————- ——————————————————- A pivot point is an intraday technical indicator that's used to identify trends and reversals in equities, commodities, and forex markets. Pivot points are calculated to determine levels in which the sentiment of the market could change from bullish to bearish and vice-versa. ——————————————————- ——————————————————- You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
by KlejdiCuni
1
Must reserve order at Stop Loss point when trading Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (USDT.D 1M chart) I think the conditions for an uptrend have been met as USDT dominance has fallen below 4.97. (BTC.D 1M chart) However, it seems that it still takes time for the altcoin uptrend to start. Well, many altcoins are rising now, but there are only a few altcoins that are showing a full-fledged uptrend, so they have recorded a lot of declines. I think that for the altcoin bull market to start, BTC dominance needs to fall below 55.01 and maintain or show a downward trend. If not, altcoins may gradually move sideways or show a strange bull market where only BTC rises, so caution is required. --------------------------------------------- (BTCUSDT 1D chart) When the ATH is renewed, the target point is 1st: 1.618 (76787.43) 2nd: 1.618 (89050.0) I think it is around the 1st and 2nd points above. If the price rises above 1.618 (76787.43) and maintains, there are several points that need to be passed to rise to the 1.618 (89050.0) point. Therefore, when there is a jolt in that area, you should focus on finding the right time to trade by considering whether you can make a split trade or a new entry, and referring to the method explained below. The point where the current upward trend is likely to turn into a downward trend is the 72344.74 point. If the BW(100) line is created this time, I will report the price at that time and tell you again. - Since the ATH has been renewed, it can be seen that it has become more difficult to trade newly. Well, you can think that a market has been formed where you can make a profit by buying and waiting, but it is also a market where it is not strange for it to fall at any time. When trading in this market, you must set a stop loss point. Otherwise, you may end up in a situation where everyone is making a profit but you are the only one suffering a loss. Therefore, let's take some time to talk about how to start trading and how to set a stop loss point. - Since the current ATH is being updated, the support and resistance points drawn on the 1M, 1W, and 1D charts are almost unnecessary. For most altcoins, you can select a trading point and respond by referring to the support and resistance points drawn on the 1M, 1W, and 1D charts. (1h chart) Therefore, to start trading, you can start trading on the time frame chart below the 1D chart, that is, the chart that you mainly look at and trade. Even so, as I always say, the basic chart for trading is the 1D chart, so you must check the trend or support and resistance points on the 1D chart before starting trading. The most important things to look at when starting trading are the 5EMA on the 1D chart and the M-Signal indicator on the 1M, 1W, and 1D charts. This is because there is a high possibility of volatility depending on whether these indicators are touched and the support and resistance points around them are supported. At the current price position, the support and resistance points drawn on the 1D chart are 75571.99 points. Therefore, you should prepare to trade based on whether there is support or not based on the 75571.99 point. Since it is in an upward trend on the 1D chart, it is better to focus on finding the time to buy (LONG). - Accordingly, if you have confirmed that it is supported near 75571.99 and are thinking of buying, you should think about where to set the first stop loss point. You can select the first and second points among the various support and resistance points drawn on the chart as the first stop loss point. If you do that, you can see that the profit and loss ratio is not right. Since the loss is this large, it is important to adjust the investment ratio when starting a trade. That is why you should be more careful when finding the time to buy. In other words, it should be considered that it is a more advantageous time to conduct a breakout trade. (For altcoins that do not update the ATH, it is recommended to conduct a transaction depending on whether there is support.) Therefore, it means that it is better to proceed with a purchase when the 75571.99 point is broken upward from the bottom and receives support and rises. If the purchase is successful in that way, when the price rises and touches the 3rd point, change the stop loss point by changing the stop loss point to the 1st point or the 75571.99 point and proceed with the transaction. If you do this, there may be cases where you are sold due to sudden volatility, but it is still recommended to conduct the transaction while setting the stop loss point. This is because in the past, in 1919 and 2021, when both cases turned downward, you should not fall into a situation where you cannot do anything because you bought it as it was. - If the support and resistance points drawn on the 1M, 1W, and 1D charts are located at a point where there are no support or resistance points at all, you should trade by looking at the movements of the indicators on the time frame chart you are currently viewing (in this case, the 1h chart). To do this, you should check the positions of the 5EMA on the 1D chart and the M-Signal indicators on the 1M, 1W, and 1D charts that I mentioned earlier. Since there are no 5EMA on the 1D chart and M-Signal indicators on the 1M, 1W, and 1D charts at the current price position, the next indicators to look at are the BW(100), HA-HIgh indicator and the BW(0), HA-Low indicator. Since the BW(100) and HA-High indicators were created, it means that a high point section has been formed, so you should think that there is a high possibility of a decline. Therefore, you should buy when it falls and then breaks through the BW(100), HA-High indicators upward to show support. Therefore, in order to conduct a SHORT transaction, you can start trading depending on whether the BW(100) and HA-High indicators are generated and whether there is support. - The fact that the BW(0) and HA-Low indicators are generated means that a low point range has been formed. Therefore, when the BW(0) and HA-Low indicators are generated, you should quickly decide whether you can start trading, thinking that there is a high possibility of an increase. At this time, it is good to check the movement of the StochRSI indicator as reference material. Although it sometimes moves in the opposite direction of the price movement, if it shows a pattern of escaping from the overbought or oversold range, it can be used as a good reference material. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture It is expected that a full-scale upward trend will begin when it rises above 29K. The range expected to be touched in the next bull market is 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (overshooting) 4th: 134018.28 151166.97-157451.83 (overshooting) 5th: 178910.15 These are points where resistance is likely to occur in the future. We need to check if these points can be broken upward. We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section. #BTCUSD 1M If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
Bullish EURO ScalpThe Euro futures market is showing signs of short-term bullish momentum, supported by a recent uptick in buying pressure. With the Federal Reserve's 0.25% rate cut, market sentiment appears to favor a weaker dollar in the near term, providing an opportunity for scalping long positions. Looking to capitalize on quick intraday moves, the plan is to buy into minor pullbacks, targeting key resistance levels while maintaining tight stop-loss placements to manage risk effectively. This setup aligns with the broader potential for a short-term recovery amid mixed U.S. economic data.
CME:6EZ2024Long
by trader9224