Uber: Short TripUBER briefly dipped back into the magenta Target Zone between $52.89 and $68.19 after our last update, but has since fully recovered from this setback. Investors therefore once again had the opportunity to open long positions. We continue to keep this range active, but primarily expect an imminent rise to well above the resistance at $81.87, where we anticipate the high of the superordinate wave 3 in turquoise.
Chartanalysis
Tencent Music: Docked inTME recently reached our magenta Target Zone (between $9.55 and $6.84) and is now trading just below its upper edge. We expect a deeper dive before the magenta wave (ii) comes to a well-deserved end. With the low in place, the share should then rise again and head for a new three-year high with the same-colored wave . Investors can therefore play the long side within the Zone, whereby stops could be placed 1% below the lower edge or at the support at $5.70.
[INTRADAY] #BANKNIFTY PE & CE Levels(18/09/2024)Today will be flat or slightly gap up opening in banknifty. Since last few trading session index trading in consolidation zone. Strong upside rally expected above 52550 level. In case banknifty starts trading below 51950 then possible sharp downside of 400-500 points.
GOLD M30 Analysis 100%Hello traders,
GOLD is expected to experience a very minor correction, presenting a buying opportunity.
NO BEARISH OPPORTUNITY!
Selling Is Risky!
Bullish Opportunities:
We are anticipating a possible scenarios for gold prices;
Gold may experience a minor downturn to the $2578-$2572 range, where we will seek confirmation and consider entering a long position.
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Ripple: Tug-of-war The tug-of-war between bulls and bears continued on the Ripple chart last week, with the bulls leading a small rise. The coin thus continues to trade between our two scenarios. Primarily, we expect the magenta wave (C) to fall below the support level at $0.2874. Only when the low of this movement has been established should the price turn upward on a sustained basis. If, on the other hand, there is an earlier rise above the resistance at $0.9479 (45% likely), we will already have to place XRP in the magenta wave alt.(D).
Shall We See a Drop From Here before the bull trend continues?We don't have to Know What will Happen next to make money.
We have seen some big moves from last week, such as breaking the 2531 level and creating a new All-time High. With some major economic News in the pipeline, this week will be another one with high volatility. Let's see how Price action rolls out this week.
Note: (1) If the price breaks above 2585, we shall continue to ride the Bull trend.
(2) If we see a bearish Price action we shall join bears in their short-term drop to key support levels.
(3) Buying the dip shall be our long-term approach to keep riding with the Bulls.
Is DHL Group ready to break the long term triangle? 200dma is still acting as major resistance but approaching the end of the triangle. The chances might be high that breakout occur before the end of the year. 2nd quarter numbers were good. 6-6.5 billion EUR operating profit confirmed for 2024. Decent dividend of 4.5% at current prices.
Melanie Kreis, CFO DHL Group: "Thanks to our unique logistics portfolio we are well prepared for when global trade regains momentum."
Ebay: Almost there!Ebay’s shares have made impressive strides since our last update, hitting a new local high not seen in over two years. We anticipate further upside potential as wave (5) in magenta continues and expect it to arrive in our green Target Zone between $63.90 and $71.50. Once this peak has been reached, we expect a strong sell-off. Thus, our Target Zone presents an opportunity to realize the profits of existing long positions. It also serves as a potential entry point for short trades, with a possible stop loss placed 1% above the Zone’s upper boundary.
“Nasdaq Continues Its Uptrend”Expectations that the Fed will implement a 25 basis point interest rate cut next week are being maintained. This situation is perceived positively for the indices. By the end of the year, a total rate cut of 100 basis points is almost certain. The CPI and PPI data suggest that the Fed might not need to cut rates as aggressively as the market had anticipated.
Technically, if the resistance level at 19,500 is permanently surpassed, the rise could gain momentum towards the 19,700 and then 19,950 resistance levels. On the downside, if the index falls below the 19,100 level, a pullback towards the support levels at 18,800 and then 18,450 might be seen.
[INTRADAY] #BANKNIFTY PE & CE Levels(13/09/2024)Today will be gap up opening in banknifty near 52000 level. After opening if banknifty starts trading above 52050 level then possible strong upside rally of 400-500 points in index. Downside only expected if any reversal sign at 51950 level. 51550 will act a an important support for today's session. Any major downside now only possible below this level.
Is this a 3 Month higher low shaping?Considering the history of this chart after 2017, there has been only four swing patterns called higher low.
Is 49,050 the fifth?
I will be monitoring this pattern using lower time frames to find clues.
Using this 3M timeframe, we can only expect price to remain above this low swingpoint (49,050) for the rest of the year.
Prices below the current session low would negate this idea. If broken, the fast ema can potentially act as support.
VeChain: ReboundedVET was pulled back to the 78.60% retracement (at $0.0221) of our blue Target Zone (between $0.0292 and $0.0179) after our last update. From a technical perspective, the low of the blue wave alt.(ii) could now already be established and a recovery could begin. However, this scenario (35%) will only be activated if the resistance at $0.033 is broken. For the time being, we maintain that there should be a further setback to the lower edge of the zone before the coin turns around. With the low in place, a significant increase above the resistance at $0.055 should then set in.