Bearish Divergence Signals Potential ReversalBearish divergence could signal a potential reversal, offering a chance to enter at better buy levels. PEPPERSTONE:US30
Fibonacci
BTCUSD SELL & BUY Opportunities I’m anticipating the market to rally up toward my key sell zone, which aligns with the 71% retracement on my Fibonacci. From there, I expect a sharp decline of about 2,000 pips, bringing us close to my first buy entry, also at the 71% retracement of the current structure. If the market doesn’t reverse here, we might see a sweep of the current structure’s low, hitting my second buy zone before continuing its move to the upside.
Dow Jones Industrial Average (US30) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | 30 Minutes Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
BOMEUSDT: Is the Pullback Coming Before a Massive Surge?Yello, Paradisers! Is #BOMEUSDT on the verge of a significant move, or are we about to see a pullback before the next leg up? Let’s break it down.
💎#BOMEUSDT broke free from a descending resistance trendline, after multiple attempts. This breakout wasn’t just technical; the volume and candle close confirmed the bullish shift. Now, we are likely headed for a retest—a pullback to the Fib retracement zone of 0.618-0.66, which lands around the price levels of $0.007622 - $0.007371.
💎This potential retest also aligns with the broader market structure. Before the breakout, BOMEUSDT had been forming lower lows and lower highs, but the pattern has now flipped. A higher high is forming, and the retest could create a higher low (HL) at the retracement zone. Afterward, a Change of Character (CHoCh) would confirm that the uptrend is here to stay.
💎BOMEUSDT will be most probably facing Minor resistance around $0.009008,This level might slow down the price temporarily, as it faces some light resistance. Stronger resistance between $0.010 - $0.0107: This range aligns with the previous highs and will likely be a critical test for BOMEUSDT. Breaking this zone with volume could signal the continuation of the uptrend. Keep a close eye on how BOMEUSDT reacts around these levels to determine the next possible move!
💎However, keep a close eye on the invalidation level. If we see a candle close below $0.00688, the breakout would be considered failed, and the trend could reverse.
Patience is key here, Paradisers. Stick to your strategy, and if the retrace plays out as expected, the next leg up could offer incredible opportunities. But always keep risk management in mind! Discipline and smart decision-making are what will set you apart in this market.
MyCryptoParadise
iFeel the success🌴
Thanksgiving Gifts for ALL - RXRX - BIOTECH SQUEEZE PLAYRecursion Pharmaceuticals, Inc. is a clinical-stage biotechnology company that combines automation, artificial intelligence, machine learning, and in vivo validation capabilities to discover novel medicines. Its Recursion operating system enables advanced machine learning approaches to reveal drug candidates, mechanisms of action, novel chemistry, and potential toxicity, with the eventual goal of decoding biology and advancing new therapeutics that radically improve people's lives.
Chart looks primed, bounced off 6 dollar range a few times and is peaking out of the downtrend. I fully expect to find support along that trendline and chop until news sends this thing flying.
Short squeeze potential here and fibs look like a big move could be in store before Thanksgiving which will line up with news around Earnings time.
Holding long dated calls and some shares.
Calls dated Jan 2025 or later. 8,9,10 strikes
Fibs for targets.
LFG!
Gold's Next Move: Will It Rebound to $2720 After a Pullback?This analysis offers an exploration of XAUUSD (Gold) price fluctuations. Recently, Gold traded at approximately $2400—a crucial support level—and subsequently commenced an ascent within a broadening wedge formation. After surpassing the $2400 threshold, it corrected toward the support line of the wedge; however, it then surged upwards, breaking the $2635 mark. The price later encountered the resistance line, but it has since begun to decline. I anticipated that Gold might retreat to the support line of the wedge before rebounding and transcending $2635 once more, aiming for $2720.
CELO price is now on the verge of a foul #CELO price is now on the verge of a foul
But it is being stubbornly held and pushed upward with a “saw”, so there is a chance that it will be pushed to $0.95-1 or even $1.20-1.28 in this wave of growth
However, when making trading decisions, you should take into account the fact that the safe buy zone for OKX:CELOUSDT is in the range of $0.47-0.57
Sooner or later, the price will fall there again
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Gold will retest and fly again... Economies are failingThe explanation is clear in my chart analysis.
Enjoy your profit
#eurusd #elliottwave long buy setup 17Oct24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Speculative LONG in LSCCI've placed a speculative limit order to enter LSCC long. The reasons:
The price formed a double-bottom pattern in August and September, which was broken to the upside.
After reaching the last high on September 27th, the price corrected downwards, making nearly a 50% price retracement.
The moving averages have made a bullish crossover. The 50-day SMA now supports the price movement and has turned upwards.
Two weeks of bullish momentum ahead?I entered a long position in the NASDAQ:QQQ ETF a few days ago after the price pulled back to the previous high. It was a slightly premature entry, as the price continued to pull back to the 50% retracement level of the last bullish move. 😉
The overall chart looks a bit exhausted from the bullish run following the August low, but I still expect the NASDAQ to rise until the US election. Statistically, since the 1950s, there has been over an 80% chance that the stock index rises before the election.
Additionally, we're supported by the SMAs, and there’s still some room left until the ATH is reached.
Good trades, folks!
EUR-USDThis EUR/USD chart shows a recent decline after reaching a resistance level around 1.12137, forming a double-top pattern that suggests a trend reversal. The price has since dropped sharply and is approaching a significant "Order Blocker" zone between 1.07515 and 1.08022, where institutional buying may occur.
If the price holds in this area, a potential bounce toward the 50% retracement level near 1.1000 could happen, indicating a bullish correction. However, if the price breaks below this zone, further bearish momentum could push it toward the next support at 1.0715.
In summary, the market is currently bearish, but the reaction at the "Order Blocker" will determine whether a reversal or further decline is likely. Traders should monitor this key zone closely.
GBPJPY (15m) GbpJpy big bearish and now retested the zone 61.80 and tested with success and now we could see a sell til to 194.020, there are the zone of Buyers, lets see
Targeting the Golden Fibonacci Level for Shorts EUR/AUD Analysis: Potential Move Up to the Golden Fibonacci Level
Based on Fibonacci levels and structural analysis, we might see OANDA:EURAUD move up toward the golden Fibonacci level, presenting a potential selling opportunity. Once the price reaches this level, it will be essential to observe how the market reacts.
Our target is the next order block above. If we see rejection at this level and the formation of a bearish structure, we will consider looking for short positions.
NZDUSDWe're experiencing an extended bearish move on this pair for quite some time now and price's been consolidating, I do expect a correction upward say 38.2 or 50% FIB before the continuation of the bearish move.
Cheers
NZDUSDWe're experiencing an extended bearish move on this pair for quite some time now and price's been consolidating, I do expect a correction upward say 38.2 or 50% FIB before the continuation of the bearish move.
Cheers
AUDUSD - Buy StopThe dollar index is bullish and the australian dollar index is bearish which suggests that there should be bullish momemtum of AUDUSD pair.
The bullish divergence is also formed and the current price action is at 78% FIB retracement which further strengthens our idea. We'll go with two trades, first with TP1 and other we'll trail.
It is also likely that trade may not trigger and price forms another lower high which will also be a good sign to buy because of the strong support.
GBPAUDWe can attempt to buy GBPAUD as it makes HL , also 0.618 FIB level occur indicate that it moves upward.
SL , TP mention in chart.
NQ Power Range Report with FIB Ext - 10/17/2024 SessionCME_MINI:NQZ2024
- PR High: 20335.50
- PR Low: 20318.75
- NZ Spread: 37.25
Key scheduled economic events
08:30 | Initial Jobless Claims
- Core Retail Sales
- Philadelphia Fed Manufacturing Index
11:00 | Crude Oil Inventories
Maintaining Tuesday lows
- Inventory response off daily Keltner 20 average
Session Open Stats (As of 12:35 AM 10/17)
- Weekend Gap: N/A
- Session Gap 7/24: -0.32% (open > 19946)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 295.53
- Volume: 17K
- Open Int: 242K
- Trend Grade: Bull
- From BA ATH: -4.2% (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
XAUUSD - Today's Setup - 17/10Good morning, traders! 🌅
It’s been a quiet day for me with no trades, but that’s just part of the game! Patience is key in trading, and that’s exactly what I’m practicing right now. 🧘♂️
Gold is testing its all-time high, and I’m eagerly waiting to see if it breaks above and creates a new record! 🌟 Fingers crossed I can hop into a trade with today’s setup and ride the uptrend. 📈✨
That’s all from me today—wishing you all a profitable and successful day ahead! 💰💪
Happy trading! 😄
GOLD → Will the bears allow the bulls to go through ATH?FX:XAUUSD is growing unpredictably towards ATH. The market did not react in any way to last week's US fundamental data and now the price is not reacting to strong levels and liquidity zones. Ahead of ATH after 3 weeks of forming...
Investors remain cautious as the US Fed is expected to follow a path of moderate interest rate cuts (skipping a cut in November, or a 0.25% cut)
The gold price is actively supported by the tense situation in the Chinese markets and lower US Treasury yields, which helps the gold price to take another leap towards the ATH.
Now all eyes will be on Thursday when China holds a press conference and the US retail sales report is released
Resistance Levels: 2680-2685
Support levels: 2665, 2658, 2645
Technically, I don't think that the market will let the resistance breakout happen the first time. The pullback from 2685, formed 3 weeks ago, was made on the back of strong economic data, so the huge pool of liquidity above 2685 can be defended quite aggressively by the bears.
Technically, there are no signs for the continuation of growth. They may appear after the retest, but it will become clear after the fact.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
GBPUSD → Support breakdown. CPI in the UK is declining... FX:GBPUSD confirms the bearish market structure. The price is breaking the support. Fundamental data is favorable for further continuation of the fall.
UK Inflation:
m/m = 0% (expectation +0.1% / previously +0.3%)
YoY = +1.7% (expected +1.9% / previously +2.2%)
Core CPI = +3.2% y/y (expected +3.4% / previously +3.6%)
The USD index are rising on strong US economic data (last week's potential). All these data together have a corresponding impact on the currency pair, which breaks the support of the uptrend. A price consolidation below 1.3000 (strong psychological level) will open the way to 1.28-1.26.
Support levels: 1.3000, 1.2938
Resistance levels: 1.309
Selling on the currency pair is intensifying, the price is entering the risk zone and the buyers are getting even more nervous... In the short term, a retest of the previously broken trend support is possible, followed by a fall towards 1.28-1.26
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;)
Regards R. Linda!
