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Vistra: Oversold Pullback in Nuclear High Flier?Utility stock Vistra has been an unexpected beneficiary of the AI boom as datacenters gobble up electricity. It’s pulled back recently, and some traders may see an opportunity to follow its uptrend. The first pattern on today’s chart is the breakout to new highs in late September and early October. Part of that surge resulted from Constellation Energy, a fellow nuclear generator, striking a historic power-supply agreement with Microsoft. VST then held a 50 percent retracement of the move. That may confirm its direction is pointing higher. Next, the support occurred near the weekly low of $114.84 from late September. It was tested on October 11 and again on Monday. A hammer candlestick followed, which was potentially confirmed by Tuesday’s bounce. Finally, stochastics could be rebounding from an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:VST
by TradeStation
S&P 500 Wave Analysis 5 November 2024 - S&P 500 reversed from support area - Likely to rise to resistance level 5850.00 S&P 500 index earlier reversed up from the support area located between the key support level 5695.00 (which reversed the index for 7 consecutive days at the start of October) and the lower daily Bollinger Band. This support area was further strengthened by the 38.2% Fibonacci correction of the sharp upward impulse from the start of September. Given the clear daily uptrend, S&P 500 index can be expected to rise further to the next resistance level 5850.00 (former minor resistance from the end of October).
CBOE:SPXLong
by FxProGlobal
Nasdaq (NDX): US Election Hype vs RealityThe US Elections are just around the corner – a global event that everyone is eagerly anticipating. But the big question remains: Will the election results really have a massive impact on the financial markets? Or, at the end of the day, does it even matter who wins – Kamala Harris or Donald Trump? 🤔 We shared our view months ago: It doesn’t matter who takes the presidency. We firmly believe that a major market correction is inevitable, regardless of the election outcome. The timing? Impossible to predict. But one thing is clear: the warning signs are everywhere. From rising unemployment and skyrocketing debt to relentless inflation, the economic data paints a bleak picture, reinforcing our thesis. Looking at the weekly NASDAQ:NDX chart, a drop of over 20% could definitely happen. This isn’t something to ignore. But even in the middle of this chaos, there is a golden opportunity: A significant downturn could present a rare chance to accumulate high-quality assets at very cheap prices. This could be the moment to build a perfect portfolio, positioning yourself for long-term gains when the market rebounds. So, how should you approach this? See the upcoming volatility as an opportunity, not a threat. Secure your open positions, stay adaptable, keep an eye on the markets, and buy strong assets undervalued. And most importantly: Sit back and enjoy the show that both the markets and the political landscape are about to deliver! 🍿
NASDAQ:NDXShort
by freeguy_by_wmc
2
Groupon long position/swing trade idea - $NASDAQ:GRPNNASDAQ:GRPN may be a long from here. It put in a monthly indecision candle last month, along with a relative volume per range signal, after sweeping below a pivot near an area of interest. Also swept under prior weekly low and reversed, heading back toward prior week high. I've started a tiny feeler position today looking for a potential weekly breakout and run up toward the highs around 19-20 and beyond, perhaps even starting a long run back up to the IPO price. I will tighten and add more if it takes out the weekly high. Normally in this distribution I would only look for a long if it first dropped to $7.5, and it may still do that or continue lower, but the monthly relvol signal made me want to make an attempt at this one from here. Monthly and quarterly relvol signals tend to lead to the best trends.
NASDAQ:GRPNLong
by easycators
Solana: Short term -> breaking out!Solana got rejected at $180 after touching a very important resistance of the past months. It will probably go to around $172/173 in my opinion, which is both 0.618 fib extension and also a previous support line. I don't think it will go much higher than that, and that we are in a larger bigger downtrend which has just started. Check out last week candle, both for Solana and Bitcoin, it speaks for itself. Good luck everyone! Be patient, don't be greedy.
COINBASE:SOLUSDLong
by walkerjitzu
BIPI Buy Position1. Trend Confirmation: Identified a Change of Character by the break of the previous high at 81, indicating a reversal in market sentiment and a new bullish trend. 2. Fair Value Gap (FVG): On the Weekly chart, identified Fair Value Gap between 69 - 71. 3. Trade Execution Entry Price: 74 ( Engulfing Candle on 5 Nov 24) SL: 66 (FVG) TP1: 110 (1.618 Fibbo) Risk-Reward Ratio (RRR): 1:4.5 Monitoring: Check-in daily closing price 4. Outcome: Exit Price: Profit/Loss: pips ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
BLong
by Phoenix-Rise-Trade
GOLD → The US election and how does XAUUSD depend on it?FX:XAUUSD is waiting for strong news. The price continues to test and even update local lows, but in the next 1-2 days you need to be careful as high volatility is expected. The main issue on the agenda is the US presidential election. High volatility is expected. Until last week, markets were pricing in a Trump victory (his policies on immigration, tax cuts and tariffs will put upward pressure on inflation, bond yields and the US dollar). But on Monday, the situation showed a slightly different picture, with the odds of a Harris victory (opposite, successor, policies) rising In addition, expectations of a less aggressive easing cycle from the Fed are also supporting the dollar. Also, markets are taking into account the ongoing Middle East conflict between Israel and Iran. Technically, the emphasis of the flat boundaries. While the price is trading inside, but most likely an attempt to get out of the accumulation will be formed.... Resistance levels: 2745, 2758 Support levels: 2731, 2724, 2713 Technically, gold continues to test support with the aim of retesting deeper liquidity zones below. But the risks are quite high right now. Gold is still feeling the support, so there could be unpredictable market reactions depending on the outcome! Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
Bitcoin Falling Again==>>Short-term!!!Bitcoin ( BINANCE:BTCUSDT ) is currently moving near the Resistance lines and in the Resistance zone($69,580-$68,800) . Regarding Elliott's wave theory , it seems that Bitcoin is still completing Corrective Waves . The Structure of Correction Waves looks like Double Three Correction(WXY) . I expect Bitcoin to Go Down at least Cumulative Long Liquidation Leverage after breaking the Uptrend line . ⚠️Note: We can expect more pumps if Bitcoin can break the Resistance zone($69,580-$68,800) .⚠️ ⚠️Note: The American elections and the tension between Iran and Israel can easily change the scenarios of Bitcoin: if the tension between Iran and Israel increases, we can see the fall of Bitcoin, and if Donald Trump does not succeed in the US presidential election, we can see the fall of Bitcoin. And vice versa.⚠️ Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
19
Sonata Software Ltd. (NSE: SONATSOFTW)The daily chart of Sonata Software shows a notable consolidation phase after a strong uptrend earlier this year, which peaked around ₹837. The stock has been trading within a descending triangle pattern, a sign of ongoing consolidation with potential for a breakout in either direction. Here’s a closer look at key levels and technical indicators: 1.Fibonacci Retracement Levels: The stock has retraced to key Fibonacci levels, finding temporary support near the 0.236 level around ₹563 and facing resistance near the 0.382 level around ₹615. These levels are crucial as the stock approaches a breakout or breakdown point. 2.Trendline Analysis: Two converging trendlines form a descending triangle, indicating potential price compression. A breakout above the upper trendline or a breakdown below the lower trendline could signal the next trend direction. Traders should watch for a breakout above ₹615-₹620 or a breakdown below ₹563. 3.Volume and Momentum: Volume has been gradually decreasing during this consolidation, which typically precedes a breakout. If there’s a spike in volume with a breakout, it could confirm the direction. The RSI (Relative Strength Index) is around 47, showing neutral momentum but with room for movement in either direction. A rise above 50 could indicate bullish momentum. 3.Key Support and Resistance: Support: Major support is around ₹563 (0.236 Fibonacci level) and ₹479 (100% retracement). Resistance: Immediate resistance stands at ₹615, with stronger resistance around ₹658 (0.5 Fibonacci level) and ₹700. Outlook: Given the current pattern, Sonata Software is approaching a decisive moment. A breakout above ₹615-₹620 with strong volume could push the stock towards ₹658 and beyond. Conversely, a breakdown below ₹563 might lead to further downside. Note: Keep an eye on broader market conditions as well, as they can influence breakout strength and follow-through.
NSE:SONATSOFTW
by AngshumanSaikia
NQ Power Range Report with FIB Ext - 11/5/2024 SessionCME_MINI:NQZ2024 - PR High: 20132.00 - PR Low: 20084.75 - NZ Spread: 105.75 Key scheduled economic events 05:00 | U.S. Presidential Election 09:45 | S&P Global Services PMI 10:00 | ISM Non-Manufacturing PMI - ISM Non-Manufacturing Prices 13:00 | 10-Year Note Auction AMP raised margins for expected overnight volatility - Inside daily print - Previous session closed virtually unchanged Session Open Stats (As of 12:35 AM 11/5) - Weekend Gap: -0.13 (filled) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 288.45 - Volume: 21K - Open Int: 252K - Trend Grade: Bull - From BA ATH: -5.2% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 20954 - Mid: 19814 - Short: 17533 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQZ2024Short
by mv3trader5