Consolidation for gold and then down to supportSo looking at the Fibonacci, we can see the support and resistance zones that we are trending between right now. There isn't much news coming up right now but next week there will be more - like unemployment claims and fed chair Powell speech. It would make sense that the price consolidates between 2600-2666 and then we eventually drop down to 2560 next week sometime.
Thanks for reading, let me know your thoughts.
Community
Super Micro Computer (SMCI): Strong Entry After Stock SplitSo far, we’re seeing a strong entry on NASDAQ:SMCI following the 1:10 stock split at the beginning of October. The stock has experienced a relief pump of about 20%, which is a solid move in the right direction. 🔥
Super Micro Computer announced on Monday that it’s currently shipping over 100,000 graphics processors per quarter. Additionally, the company introduced a new suite of liquid cooling products, which further fueled its shares, pushing them up 14% after weeks of slumping. If these gains hold, Super Micro is on track to add more than $3 billion to its market value.
At this point, the first resistance level has been met, and we are closely monitoring how the stock reacts. If NASDAQ:SMCI can reclaim and stay above this level, it will likely move toward the next resistance area, offering more potential for upside.
As always, we’re keeping a close eye on developments and will update you with any new moves.
XAUUSD 1H TIMEFRAME ANALYSIS | Looking Bearish Food!🌟 Welcome to Our Trading Community! 🌟
Hello, everyone! I hope you’re all doing well and ready to dive into today’s trading opportunities. I’m excited to share my analysis on XAUUSD (gold) and discuss a potential setup that I believe could be quite rewarding for us.
As we assess the current market landscape, it’s clear that gold has recently grabbed all buy-side liquidity. This movement indicates a potential shift in market sentiment and opens the door to bearish momentum. With this in mind, I’m considering a short position on gold, with my entry point at 2582.
Here’s my detailed outlook:
Market Analysis: The price action we’ve seen suggests that buyers have exhausted their strength. With liquidity being tapped out, we’re now likely to see sellers take control, pushing prices lower. Historical patterns and current trends support this bearish outlook, making it an opportune moment to capitalize on potential downward movement.
Target Levels: For this trade, my first target is set at 2567, and I’m aiming for further downside to around 2550. These levels have shown significant support in the past, and I anticipate they will be crucial in this trading session.
Risk Management: To protect our investment, I’m implementing a stop loss at 2594. This provides us with a comfortable 100-pip buffer, allowing for some market fluctuation while safeguarding our capital. It’s essential to have a clear risk management strategy in place, especially in volatile markets like gold.
Trade Execution: I encourage everyone to analyze this setup based on your own strategies and risk tolerance. Always ensure that your trade aligns with your overall trading plan. If you’re considering this trade, I recommend staying vigilant and watching for confirmation signals before entering.
Community Engagement: I want to take a moment to express my heartfelt gratitude for the incredible support and engagement you’ve shown for my ideas. Your feedback not only motivates me but also enriches our community. If you have insights, alternative perspectives, or questions about this setup—or if there’s anything else on your mind—please share in the comments! I’m eager to discuss and learn from all of you.
Looking Ahead: As we navigate today’s trading session, let’s remain focused and adaptable. The markets can change rapidly, and being prepared to adjust our strategies is key to success. Remember, trading is not just about making profits; it’s also about continuous learning and growth as traders.
Thank you all once again for being such a fantastic community! Together, let’s make the most of today’s trading opportunities. Here’s to a successful day ahead—let’s aim for those profits! 🚀💰✨
Happy trading, everyone!
NOT - Wait for IT!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NOT has been overall bearish, in a correction phase, in the shape of a falling channel.
🏹 For the bulls to take over and start the next impulse phase , a break above the inverse head and shoulders neckline marked in orange is needed.
Meanwhile, NOT would remain bearish.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC1! - HARD TO BUY AT THE TOP? - BUY AT THE RED LINE - WEEKLYBTC Future price is ranging at the top of his historical price range zone.
We feel that there is a potential for the price to just leave earth and go beyond easily and at the same time deception can occur with possibility to see the price squeeze down buyers before going in its potential historical run up to new highs.
This is when DCA or Entry could potentially be done at the RED LINE zone. Long Entry to not miss history!
Who still believe that it could go to zero? here fundamental analysis is necessary depending on how regulation is going to evolve in the next years....
Lido DAO (LDOUSD): Why We're Cashing Out 25% NOW!Lido DAO (LDOUSD): BINANCE:LDOUSD
For Lido DAO, we're taking 25% out now, locking in profits 💰 , as we believe we've encountered the peak of Wave (i) and are currently entering Wave (ii). We aim to catch the bottom as we did with the overarching Wave ((ii)) previously. Therefore, we're setting a new entry at the 50% level at $2.8146 with a stop loss just below the 78.6% level and also slightly below our initial entry, as we don't expect the price to drop further. We'll be moving our first entry up, but not to break even. Instead, we'll position it below the 127.2% level, where the entire price action reversed, because a double bottom could occur for the subordinate Wave (ii), and it would be unfortunate to be stopped out in such a scenario. A further sell-off seems unlikely to us, so we're placing a new long entry zone limit order.
Chevron (CVX): Elliot Wave Analysis and Future OutlookChevron (CVX): NYSE:CVX
Examining Chevron's charts, starting with the weekly chart, we believe the first cycle concluded at the level of $120 in July 2014. That's quite some time ago. Since then, we've also developed Wave II at $51.60, coinciding with the COVID-19 low, marking the end of Wave II. From there, we've constructed the initial impulse waves upwards: Waves 1, 2, and 3. In our view, Wave 4 has not yet concluded, and there are reasons to believe this count cannot be adjusted otherwise. It's possible to count it differently, but we don't find it logically compelling. Looking post-COVID-19 low from $51.60, we've observed Waves 1 and 2, followed by a five-wave structure leading to Wave 3. What's interesting here is the absence of a five-wave impulse upwards, indicating Wave 4 is not yet complete. We also don't believe that Wave 4 lies at the level of Wave ((a)), a possible scenario, but not one we subscribe to. Given the sharp nature of Wave 2, as opposed to a sideways movement, we anticipate Wave 4 to be more extended and prolonged in time, likely moving sideways.
On a shorter time frame, since the all-time high of $189.68, we expect to see a five-wave structure moving downwards. Having completed Wave (iii), Wave (iv) should now stabilize between the 38.2% and 50% levels, potentially leading to an uptick in the coming days without significantly breaching the level of Wave (i). This would invalidate our analysis, marked in red as our invalidation line. If we exceed this, we'll need to reconsider our count. Until then, we anticipate a decline to complete Waves (v), ((c)), and 4.
TradingView Community Awards 2023Our 2023 Community Awards have arrived! It's time to shine light on the standout traders, the ones who have not only shared consistent ideas on our network, but have also expanded their influence and captivated our trading community with countless boosts, follows, and comments.
Below, you'll find the profiles of our winners. This includes the top achievers who not only made it to our Editors' Picks but also bagged a free Premium plan! And let's not forget our second and third-place stars, who are also getting their well-deserved spotlight. Make sure to check out and follow these remarkable authors! 🌟🏆📈👇
🏆 Most popular ideas:
These are the ideas that created the most engagement from our community in 2023. Check out how they stood the test of time. 🔥📈💡
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- Bitcoin Price prediction
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- NVDA: Short of the Century (Update)
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Take a look at 2023's stars on TradingView, consistently featured in Editors' Picks! They're the maestros of the market, delivering quality insights and analyses time and again. Follow their work for a steady stream of top-notch trading wisdom. 🔮📈🧙♂️
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USDCAD: Rebound is coming?From a technical point of view, the trend on the FX:USDCAD pair is bearish, but at the same time the technical structure should need a pullback which should take the form of a corrective structure. With this in mind, we expect an accumulation phase that should push the pair around 1.3284 and 1.3420.
What's you opinion? ...are you bullish or bearish on this pair?
Trade with care.
Like | Share | Comment
EURUSD: Pullback is coming?Hi Traders!
From a technical point of view, the FX:EURUSD pair is approaching a very important resistance area, it is also our bullish target (see our setup/analysis below). That said, our strategy is very simple: we will be looking for some Reversal Pattern on a smaller time frame (1H), and if this appears, we will try to take a short position, so if you are interested in this pair, continue to follow our updates below or on our website.
PREVIOUS ANALYSIS
Here is what we learned from 1000 Publications on TradingViewAs Investroy, a company dedicated to financial education, we are thrilled to celebrate our remarkable milestone of 1000 publications on TradingView. This achievement symbolizes our ongoing journey of learning and growth in the world of trading. Throughout these years, we have accumulated invaluable insights into the psychological aspects of trading, the importance of publishing quality content, and the significance of fostering a supportive community. In our 1000th post, we would like to share the lessons we have learned, offering guidance to fellow traders, educators, and community members.
(Publishing Quality Content)
At Investroy, we believe that sharing educational content on TradingView allows us to contribute to the trading community while continuously learning something new ourselves during the research. To ensure the highest quality of content, we have learned the following lessons:
a. Thorough Research: We understand that conducting in-depth research and analysis is essential before presenting any trading idea or concept. By providing accurate information and data-backed insights, we strive to add value to the community and enhance our reputation. Here, it is important to understand that some strategies or pointers you may deploy might be subjective and not so widely accepted by everybody, so stay mindful and respectful of the feedback you get.
b. Clarity and Simplicity: We have come to appreciate the significance of communicating complex trading concepts in a clear and concise manner. Our aim is to help readers understand and apply the information effectively. Through the use of charts, diagrams, and visual aids, we can enhance the clarity of our articles. Rule of thumb, don’t use millions of indicators on a chart unless you really know what you’re doing. That will not only clog up your vision, but will also make it harder for everyone else to understand what you’re up to.
c. Continual Learning: We recognize that staying up-to-date with the latest market trends, trading strategies, and financial news is crucial for producing relevant and valuable content. Engaging in ongoing education and seeking feedback from the community have been essential in helping us improve and refine our content.
(Building a Supportive Trading Community)
We firmly believe in being an active and supportive member of the TradingView community. By fostering a positive environment, we all should contribute to the growth and development of fellow traders. Here are the lessons we have learned:
a. Encouragement and Constructive Feedback: We have witnessed the power of providing encouragement and constructive feedback to fellow traders. By creating a supportive atmosphere, we inspire and motivate others on their trading journey. Celebrating successes and offering helpful suggestions become catalysts for growth. This doesn’t include spamming everybody with “GOOD JOB”, “AWESOME CHARTWORK”, but rather providing insight on your opinion or politely sharing on how they can improve the content quality.
b. Collaboration and Knowledge Sharing: We have found that collaborating with other traders and sharing insights fosters a spirit of collaboration and mutual growth. Actively participating in discussions, engaging in chats, and offering valuable additions have contributed to creating a vibrant and active community. Thankfully, TradingView administration is quite good with listening to advice from community members and accommodating for them.
c. Respect and Professionalism: At Investroy, we hold immense respect for diverse perspectives. We understand the importance of maintaining professionalism in all interactions and adhering to community guidelines. By treating others with kindness and empathy, we strive to create a welcoming environment for all traders. If you’re here to troll, just go to reddit or something instead. A big majority of people here are doing something about their lives and if you’re making fun of them, then that should be a reason to start reevaluating your priorities.
Reaching the milestone of 1000 publications on TradingView is a testament to our unwavering commitment to trading education, content quality, and community support. Our journey has revealed the significance of nurturing psychological resilience, publishing high-quality content, and building a supportive trading community. By integrating these lessons into our trading practices and community engagement, we remain dedicated to the growth, learning, and success of fellow traders and the broader trading community. Together, we can continue to empower one another on this transformative journey of financial education and trading excellence. Have an awesome weekend ahead and hopefully you enjoyed the read!
EURUSD BUY SIGNAL - COVALIDATION ZONE 1.09EURUSD presents a bullish scenario after two bearish trading days between Thursday and Friday. The price, after forming a demand zone, created a value gap that the price confirmed around 5 AM, validating the zone. Entry at 1.0809 with a target of 1.0956, but a further target of 1.10 could also be considered. We would be glad if you could share your opinion. Greetings and happy trading from Nicola, CEO of Forex48 Trading Academy.
Top Down Analysis of AUDUSDHere is my top down analysis of AU. Date: 23-05-2023. I can see us going either direction from here we are kind of in no mans land due to price being at the current weekly low. But if we roll over and break last weeks weekly low then I could see a retracement to induce buyers then a continuation to the downside.
However, it is possible that we bounce from the current level and head back up towards last weeks high. In this case I'd wait for a break of the PDL which was broken today and if we close above this area I'd look for a setup to try get long and target higher up Liquidity.
Time and price will tell
Meet The Five TradingView Wizards of 2023Today, we're announcing our new TradingView Wizards program, an initiative that celebrates the traders & investors who consistently share high-quality content including written ideas just like this, but also videos, live streams, and comments. TradingView Wizards help others, provide feedback, and make TradingView a better place for everyone.
To acknowledge the incredible contributions of our sharpest and most thoughtful community members, we've created a special TradingView Wizards badge, which will be displayed on their profile, and brings them into our Wizards family, giving them direct access to our team, hidden merch, and other perks.
Let's meet our inaugural class of TradingView Wizards 🧙♂️🧙♀️
🪄 timwest
Tim West has been with TradingView since the very beginning and has been sharing his extensive stock trading knowledge for well over a decade. Insightful and detailed analysis based on a powerful yet elegant trading method is his hallmark. Tim was part of the original mod team, suggested countless features to our developers and hosts his own chat room. Our community would not be the same without him.
Check out his profile badge 👀
🪄 Norok
Making his first appearance on TradingView in 2014, Norok has consistently provided us with well thought out higher time frame ideas combined with high quality educational ideas or macro perspectives. Crypto, Stocks and Indices are his favorite playgrounds. He also occasionally codes in Pine Script and live streams his thoughts, welcoming all traders to join in on the conversation.
🪄 This_Guhy
This_Guhy has been sharing his ideas for 5 years and lets his analysis do the talking. Clear annotations coupled with elaborate, thoughtful descriptions, mainly about the crypto market, allowed him to gain trust with our community. He makes an effort to explain methods and concepts before applying them masterfully to the chart, sharing many valuable nuggets of knowledge along the way. A real gem in our community.
🪄 Akil Stokes
Akil is a professional trader and trading coach with many years of experience, mostly in the Forex markets. He stands out with a strong focus on risk management, discipline and patience. His main tools are fibonacci, harmonic patterns and structure, “Look left, structure leaves clues” is one of his favorite phrases.
🪄 MarcPMarkets
MarcPMarkets has been on TradingView since 2012, publishing charts, ideas, and educational material for all. Today, he is an active live streamer, taking requests from traders around the world, answering questions, and sharing live analysis of his favorite symbol: Bitcoin. His charts are crisp, easy to understand, and often focus on risk management principles. He’s also an official CMT holder (Chartered Market Technician).
We'll be adding new members to the Wizards Hall of Fame every year, so keep sharing your ideas, engaging in discussions, and helping others grow. If you code in Pine Script, there's a long standing Pine Script Wizards program for you . Keep contributing – you could be our next TradingView Wizard! ❤️
Congratulations and a big “Thank you!” to all of our Wizards. You inspire us all to learn, share, and grow together.
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Request Any Altcoin Analysis - Celebrating 50k Followers 🎊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
I am thrilled and grateful to announce that we have reached 50,000 followers on this amazing platform. Your support, engagement, and feedback have been invaluable in making this possible. It is an honor to be part of such a talented and passionate community of traders and investors.
____________________
📌 To celebrate together, I am glad to initiate the following two events:
📉 1- 5 Extra Analysis Daily for 10 Days
As many of you know, I post 2-3 posts here daily.
Starting tomorrow, I will start posting 5 extra analysis daily for the next 10 days.
Feel free to request any instrument (crypto, stock, forex...) in the comment section of this post.
📹 2- 5 Live Streams for 5 Days
Starting Monday, I will go live here on TradingView every day for 5 consecutive days, where you can ask any questions, request any instrument analysis or get to know one another more...
I will create / schedule the streams tomorrow hopefully and attach its links in the update section below this post.
____________________
I want to express my heartfelt gratitude to each and every one of you who has followed my profile, liked my posts, shared your insights and ideas, and left comments. Your contributions have made TradingView a vibrant and supportive community, and I am proud to be a part of it.
I look forward to continuing to share my trading insights and analysis with you, and to learn from the incredible expertise and experience that you all bring to the table. Thank you once again for your support, and here's to many more successful trades together!
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XRP/USD Pheonix Formed By All Time Chart, Coincidence? Probably.As RippleLabs and the SEC finish up a battle over whether Ripple sold unregistered securities, news is coming out putting XRP and RippleLabs in a positive light regarding the case. Meanwhile XRP is still being adopted globally while RippeLabs hires more people.
In contrast, generally negative news about overleveraged crypto positions by exchanges, the minting scandal at tether being reported, inflation numbers, the recent market downturn, and liquidity being scarce all seem to have a favorable outcome.
So while crypto burns, XRP appears to follow the XRP Army march that XRP is a crypto being reborn from the downfall of the rest of cryptocurrencies into a well regulated market, XRP as the example. I believe in XRP already, there is plenty of reasons with proof, but this salient impression that the chart actually forms a rough pheonix is making it hard to not believe great things are coming for Ripple and XRP. Maybe the XRP Army will get "all the money"
Long - CADCHFUsing recent volatility as an entry into this trade. Going long CADCHF.
We’re range bound in a descending channel at the moment. I expect this pair to run out to 0.715 (0.5 fib) before heading back down. All things being equal this has a very good RR at around 8:1
Check out my profile and give me a follow if you agree and like the analysis. Thanks.