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XAUUSD Revision Wednesday, 18 December 2024Hello Nation! This is my first post. My intention here is just spend some time to look back at what Gold did today. I will try very best to do this repeated daily. Firstly, i am scalper. I trade using SNR and breakouts method. I would also plan my trades from higher timeframes. But this ‘Revision’ I will just focus on H1 and M15. I am just be sharing my views on what had happened and how i could have navigated the markets with my entries. Let’s start from the market open at 2651. Price went bullish touching the H1 SBR area. It respected that area and pushes down towards the H1 Support. A Strong Bullish reaction from the H1 support, Price return to M15 Box area which i had marked. For me, A rejection from the m15 box is a hint for sell. Usually M1, will be my entry Timeframe. But as i had mentioned, i will only focus on H1 and M15 here. I had marked my 1st sell Position. Risk 30 Pips, TP 100 Pips. Moving down further, the previous H1 support was broken and it became a possible Resistance. Again, I marked the m15 SBR with a box. Wait for price to return into the box area. Similarly like the Previous Sell entry, several rejections can be spotted which can be a strong hint for a sell entry. I had mark the 2nd Sell Position for you to see clearly. Risk 30 PiPs and TP 100 Pips. To conclude, Gold was a beautiful Sell today. I hope you did well for yourself today. Maybe in writing these notes, i get to revise and also improve myself as a trader. Thank you for reading! And Goodbye.
OANDA:XAUUSD
by Mann20pips
2
$AMD Forms Another Double Bottom – Will History Repeat Itself?I wanted to share an interesting setup I’ve noticed on NASDAQ:AMD daily chart. The stock just completed what looks like a classic double bottom pattern—something it’s done before with impressive results. What I’m Seeing: Double Bottom Revisited: We can see that AMD has formed another “W” shaped bottom, where price tested a support zone twice and successfully bounced. Historical Precedent: The last time AMD completed a double bottom, the subsequent breakout and follow-through rally were significant. After the neckline breakout, price continued to move higher, rewarding patient traders and confirming the pattern’s bullish nature. Volume & Confirmation: It’s worth looking closely at volume to confirm the pattern. In many textbook double bottoms, volume often increases on the breakout, signaling that buyers are stepping in. If we see heavier trading volumes as AMD breaks through the neckline, it could be an indication that a similar move might unfold. Potential Price Target: A common way to project a double bottom target is to measure the height of the “W” and add it to the breakout point. If this pattern performs similarly to the last one, we could see a significant upside move. Of course, there are no guarantees, but patterns like these give traders a framework to manage risk and set objectives. What to Watch For: Neckline Break: A clean move above the neckline (resistance area) would be a key bullish signal. Volume Expansion: Higher volume on the breakout adds conviction. Market Conditions: Broader market health and sentiment can affect whether the pattern plays out as expected. AMD has shown us before that this pattern can precede major rallies. As always, manage your risk appropriately—no matter how promising a setup looks, it’s wise to confirm with price action and volume before jumping in.
NASDAQ:AMDLong
by Scatman_Jeff
$AMD DOUBLE BOTTOM EASY $175 BY NEXT EARNINGA double bottom pattern is a traditional technical analysis chart formation that signifies a significant trend reversal and a shift in momentum from a previous downward movement in market trading. It depicts a security or index experiencing an initial decline, followed by a rebound, then another decline to a level similar to the initial drop, and finally a subsequent rebound that may lead to a new uptrend. - PlayStation 6 Processor Contract : NASDAQ:AMD has secured the contract to supply processors for the upcoming PlayStation 6, surpassing Intel. This agreement ensures the sale of millions of custom chips and generates billions in revenue, solidifying AMD's position in the gaming console market. - Strong Financial Performance: NASDAQ:AMD reported remarkable revenue growth, with a 17.57% increase in the third quarter of 2024. This performance underscores AMD's robust market position and profitability. -AI and Semiconductor Supercycle: The semiconductor industry, including NASDAQ:AMD , is poised to benefit from the rising demand for AI-related products and services. This trend is expected to drive further growth and profitability for AMD. Positive Analyst Ratings: Numerous analysts have given NASDAQ:AMD a "Strong Buy" rating, with price targets ranging from $155 to $250. This optimistic outlook suggests significant potential gains in AMD's stock value. AS OF 12/16/2024 RSI (14) 33.31 52W Low 3.99%
NASDAQ:AMDLong
by sej4974
SUI - Get ready for 15$#SUI/USDT #Analysis Description --------------------------------------------------------------- + SUI is currently trading within the range and heading towards a new all time high + The pattern looks similar to MATIC pattern in the last bull run + Im expecting a reasonable target of 15 --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 4.7 Stop Loss: 3.0 ------------------------------ Target 1: 6 Target 2: 8 Target 3: 11 Target 4: 13 Target 5: 15 ------------------------------ Timeframe:1D Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
2
Micron (MU) is Heating Up! Breakout at $114.52 and Soar UP Key Levels to Watch: Breakout Level: $114.52 Retracement Target: $122 Major Resistance Levels: First Target: $140 Final Target: $170 What to Expect: If MU can break and close above $114.52, we could see a retracement to $122, creating a solid base for the next leg up. Once it clears $140, the path to $170 becomes much clearer. This level will be critical for the bulls, and if it’s breached, MU could be in for an exciting run! Kris/ Mindbloome Exchange Trade What You See
NASDAQ:MULong
by Mindbloome-Trading
Tesla's Electrifying Rally: Stock Zooms to New Peaks● After facing a notable setback at the $415 mark, the stock took a dramatic plunge, dropping around 75% before finding its footing close to the $100 threshold. ● Following this, the stock entered an extended period of consolidation, eventually created a Rounding Bottom pattern. ● Recently, the stock has surpassed its previous resistance and reached all-time high. ● This breakthrough has sparked significant excitement, with optimism soaring about the stock's future growth potential.
NASDAQ:TSLALong
by NaranjCapital
1
CVC due for a bullish break out?I like the project, blockchain identify services, needed to regulatory compliance for things like DEX for example. But CVC seems to have always struggled to get the love from the market, even now it is lagging the broad Crypto market run. Here is what the charts have to say. Structure and Price Action: **Breakout Above Descending Resistance**: The chart shows a breakout above the long-term **descending red trendline**, signaling a shift from bearish to bullish momentum. This is a significant move, as price is now retesting the breakout. **Red Resistance Zone**: Price has approached a strong **red resistance zone** around $0.22–$0.24. A decisive break above this level could open further upside. **Higher Highs and Higher Lows**: The price structure reflects a clear uptrend with consecutive **higher highs and higher lows**, which is a bullish signal. **Retest of Breakout Area**: The recent spike is now consolidating just below resistance, testing support at the prior descending red trendline. Support and Resistance: **Immediate Resistance**: $0.22–$0.24 (red resistance zone where sellers are active). **Key Support Levels**: $0.18: Support formed at the prior breakout area. $0.16: Strong support at the **green order block zone**. $0.12–$0.10: Key structural support aligned with prior lows. Indicators: Moving Averages (EMA 20/50/100/200): Price is above the **EMA 20** ($0.17) and EMA 50 ($0.16), confirming short-term bullish momentum. The **EMA 100/200** ($0.14 and $0.136) are now acting as strong support, aligning with previous demand zones. Money Flow Index (MFI): MFI is at **75.64**, which signals that price is approaching **overbought conditions**. This suggests potential short-term consolidation or a minor pullback. Stochastic RSI: The Stochastic RSI is currently near **overbought territory** (~63.85 and 59.58), indicating a slowdown in upward momentum. However, it still has room to push higher if bulls maintain control. Volume: Recent volume has increased significantly during the breakout, validating the bullish move. A volume decline during consolidation suggests profit-taking but no significant selling pressure yet. Pattern Analysis: The breakout above the **descending red trendline** signals a bullish reversal. The price is now consolidating near the red resistance zone, forming a potential **bullish flag** or consolidation pattern. Probabilistic Outlook: Bullish Continuation (Primary Scenario): If price breaks decisively above the $0.22–$0.24 resistance zone with volume, further upside is likely. Key upside targets: **First Target**: $0.26 (next resistance zone). **Second Target**: $0.30–$0.32 (historical resistance from previous highs). Bearish Pullback (Alternate Scenario): If price fails to break resistance and falls below $0.18, a pullback toward key supports is likely. Key downside targets: **First Target**: $0.16 (green order block). **Second Target**: $0.12–$0.10 (strong historical support and EMA 200). Key Signals to Watch: Breakout above $0.24 with strong volume = **Bullish continuation**. Breakdown below $0.18 = **Bearish pullback confirmation**. Monitor volume during consolidation to gauge buyer strength. Conclusion: The chart reflects a **bullish breakout** above descending resistance, with price now testing a key red resistance zone. A breakout above $0.24 could signal further upside toward $0.26 and $0.30. However, overbought indicators suggest caution, with potential for a pullback toward $0.18 or $0.16 before resuming the uptrend.
COINBASE:CVCUSD
by EncryptShawn
$NYSE:QBTS Consolidating between $4 and $5NYSE:QBTS appears to be consolidating between $4 and $5 a share. Lots of buzz right now in the quantum computing space. D-wave has been in the headlines quite a bit along with NASDAQ:NVDA and NASDAQ:RGTI These stocks are generating a staggering amount of daily volume. Which is great when attracting the FOMO crowd! Looking for a breakout after this closes above the recent highs of $5.38 (with relatively higher volume). If it misses the breakout then I suspect we're in for another cycle of down/up oscillation. Primary support is at ~$4.15 with the secondary major support at ~$2.77 secondary. If this bounces down prior to a breakout, there will probably be opportunities to buy on a dip probably in the $4.20 - $4.60 range. As with anything with a lot of volatility, hang on to your seats!
NYSE:QBTSLong
by dzygadlo
AUCTION ANALYSIS📊 #AUCTION Analysis ✅There is a formation of Falling Wedge Pattern on daily chart with a good breakout and currently retesting the major resistance zone🧐 Pattern signals potential bullish movement incoming after a breakout of major resistance zone 👀Current Price:  $18.85 🚀 Target Price:    $29.90 ⚡️What to do ? 👀Keep an eye on #AUCTION price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #AUCTION  #Cryptocurrency  #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
Amd - Retest, Reversal And A +100% Rally!Amd ( NASDAQ:AMD ) will soon retest massive previous support: Click chart above to see the detailed analysis👆🏻 After Amd perfectly retested the upper channel resistance about half a year ago, we saw a beautiful rejection and already a retest of the crucial horizontal support. Now, Amd is once again coming back to retest this support and another bullish reversal is extremely likely. Levels to watch: $130, $260 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMDLong
by basictradingtv
20
Dogecoin - This Is Still Just The Beginning!Dogecoin ( CRYPTO:DOGEUSD ) is still in its early stages: Click chart above to see the detailed analysis👆🏻 Although Dogecoin already rallied more than +350% after breaking out of the triangle pattern, this still just seems to be the beginning of the next major bullrun. A conservative approach would indicate a +9.000% rally, but the first primary target is still the previous all time high. Levels to watch: $0.7, $5.0 Keep your long term vision, Philip (BasicTrading)
CRYPTO:DOGEUSDLong
by basictradingtv
59
OM/USDT: BULL FLAG BREAKOUT! 200% PUMP INCOMING!!🌟 Hey Traders! 👋 If you're ready to capitalize on premium trade setups, hit that 👍 and follow us for more high-value insights that deliver results! 💹🚀 🔍 Technical Overview 🔥 OM is looking exceptionally bullish! It has broken out of a bull flag pattern on the 8-hour time frame and is currently retesting the flag—a prime accumulation zone. This setup hints at explosive upside potential. Here’s the play: 📈 Entry Zone: $4.00–$4.20 🎯 Target: 150–200% gains 🛡️ Stop-Loss: $3.62 🌐 Fundamental Analysis: What is OM? OM is the native token of the MANTRA DAO ecosystem, a decentralized finance (DeFi) platform focused on staking, lending, and governance. It empowers users to actively participate in the project while earning rewards. Key Growth Drivers DeFi Adoption: OM is positioned as a key player in the growing DeFi space, with increasing traction. Utility Expansion: The token is used for governance, staking, and liquidity mining, creating constant demand. Strong Community Support: Backed by a loyal community, OM continues to innovate and grow its ecosystem. 🚀 The Opportunity OM is not just a technical setup—it’s a fundamentally sound project with strong growth potential. This is your chance to accumulate before the market catches on. 💬 Your Take? Do you see the same upside potential? Drop your analysis and strategies in the comments below—let’s collaborate and ride this wave together! 🌊🔥 👉 Follow us for more market-winning trade setups and real-time updates!
Long
by CoreCrypto1
Bitcoin - Preparing For Another +200% Rally!Bitcoin ( BITSTAMP:BTCUSD ) is just starting a major bullrun: Click chart above to see the detailed analysis👆🏻 Bitcoin rallied more than +40% in November and despite the recent bullrun and the all time high breakout, Bitcoin is just starting its next major bullish cycle. Looking at previous price and trend behaviour, it is quite likely that Bitcoin will eventually retest the top of the channel. Levels to watch: $100.000, $300.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:BTCUSDLong
by basictradingtv
15