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USOIL: Bullish Fundamentals and 61.60% Probability for LongsKey Fundamentals - Decreased OPEC Exports: Recent reports indicate a decline in crude oil exports from OPEC and Russia, tightening the market as refinery runs ramp up for seasonal demand. This reduction in supply is likely to exert upward pressure on prices2. - Geopolitical Tensions: Ongoing geopolitical risks, particularly in the Middle East and Ukraine, continue to add a risk premium to oil prices. Traders are increasingly factoring these uncertainties into their market strategies2. - Rising Demand: With the U.S. economy showing signs of recovery and better-than-expected market fundamentals, demand for oil is anticipated to rise, further supporting higher prices12. - Technical Indicators: Current market sentiment shows USOIL trading above its pivot point of $74.80, with support levels around $74.00. The Relative Strength Index (RSI) is at 56.16, indicating a healthy trend without being overbought1. I'm employing a probability-based strategy to position myself for long trades in USOIL. By incorporating these fundamentals and probability analysis into my trading approach, I aim to leverage the current bullish sentiment in USOIL effectively. 12M: 2W: Hourly TFs:
TVC:USOILLong
by Jasminex1x2
Azimut Holding SpA (AZMT) | 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 | 15 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
ALong
by P-Ment4U
BITCOIN - Trading Consolidative Markets Using Harmonic PatternsBitcoin, like many other markets has been stuck in a sideways shuffle as of late which can be very frustrating for most traders, since most traders tend to look for continuation type of trading opportunities. For those looking for an alternative way to trade, here's a look at how I use advanced (harmonic) patterns, specifically the Gartley patter, to take advantage of times when the market is consolidating or moving sideways. Hope you enjoyed the video and feel free to leave any questions or comments below. Akil
BITSTAMP:BTCUSDShort
by Akil_Stokes
5
BTCUSD morning analysis (bullish)Summary of action for BTCUSD since 5 August 2024 low. Area in yellow ellipse does not look impulsive. There is a way to get an expanding leading diagonal out of it, but it certainly does not have the "right look". Will need to come back to this price action later, depending on how future price action plays out. Area in first red ellipse labeled 1. is similarly vague. It might be a zigzag, but again doesn't have the right look. Will come back to this price action later as well. Area in first green ellipse labeled 2. is not the prettiest impulse in the world, but it can certainly be counted as such. Area in second red ellipse labeled 3. looks very much like a zigzag corrective structure, bottoming at 58897.55 (which is now the must hold support for bulls). From what I can tell, price action after the bottom at 58897.55 has two impulse waves up (small green ellipses) and two corrective structures (small red ellipses). The two corrective structures both look like expanded flats, and if true would likely mean price action after 58897.55 is a 1-2/1-2 looking for wave 3 rather than 1-2-3-4 looking for wave 5. Price getting above 69632.35 on an impulse wave off today's low of 65226.43 would confirm that assessment. Overall, this does look quite promising for bulls, who have been waiting patiently through 7 months of consolidation. Key level of support today is 65226.43. Key resistance to break is 69632.35. Good luck.
INDEX:BTCUSD
by discobiscuit
The Graph GRT price : ready... steady....go...A rather interesting picture on the OKX:GRTUSDT chart Now the #GRT price is at a critical point - if it breaks the trend line, it will mean at least +40% of the price movement. And maybe even more, but that's in the more distant future. Also, it seemed to us that MM's handwriting on the #GRTUSD and #Turbo charts is the same, what do you think? 👇 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
8
NEIROUSDT: A Billion-Dollar Surge is Coming! After a successful breakout from resistance, NEIROUSDT has undergone a healthy retracement and is now bouncing back from strong support levels. With momentum building, we anticipate that NEIROUSDT will soon cross the $1 billion market cap, joining the ranks of the billion-dollar meme coin club. The current bullish trend in the meme coin market further supports our expectation of significant upward movement. Don’t miss out on this exciting opportunity—keep an eye on NEIROUSDT as it gears up for potential explosive gains! Happy trading! NEIROUSDT Currently trading at $0.00197 Buy level: Above $0.0019 Stop loss: Below $0.0015 TP1: $0.0022 TP2: $0.0025 TP3: $0.003 TP4: $0.004 Max Leverage 3x Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
GOLD → The target is liquidity above 2670-2685. What's next?FX:XAUUSD is consolidating in the local range of 2663 - 2636. There is a strong resistance and liquidity zone ahead. Bears may meet the market quite aggressively in the 2670 - 2685 zone. The global rally is smoothly transitioning into a sideways fljt 2675 - 2604. - Markets in China, which strongly supported gold after hints of fiscal stimulus is again facing challenges. - Interest rates in the US should not be forgotten. The open question is “no interest rate cut” or “0.25% cut”. Will gold be able to stay bullish on the current flat under these circumstances? - The dollar is rallying after last week's fundamental data and most likely the index's rise is not over... Fed policy makers are starting to change their mindset again and divide into 2 camps - aggressive / restrained. - BUT! The conflict in the Middle East is cooling down from its limits. Based on the above mentioned, can we assume that the finger is hanging over the button “fix profit”???? Resistance levels: 2663, 2670, 2685 Support levels: 2645, 2636, 2623 Based on the general fundamental background, I do not yet understand the reasons that give such support to gold. There is a strong resistance zone ahead with huge liquidity. The price is in a sideways range and there are no preconditions to exit this channel yet. Most likely, the first retest of the levels ( it has been 2 weeks since the last retest ) may end in a reversal and correction Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
16
Gold's upward trend is confirmed, buy boldly on pullbacksLast Friday, gold continued to rise, reaching a high of 2661, as the US PPI data showed that the inflation outlook was still favorable to support the Fed's expectations of a rate cut next month. From the daily chart, we can see that the gold price has now stabilized above the daily average line, and the bullish trend has continued. In the short term, as long as the gold price pulls back to the support area, it is an opportunity to buy. Now it depends on where the gold price will start to rise. From the 1H chart, the nearest support below is around 2642, which is the 0.618 position of the Fibonacci retracement of this rise, and the second is around 2630. In today's Asian and European trading period, the gold price pulled back to 2643 and started to rise, which has verified the support strength of the 0.618 position. Therefore, if there is no accident today, as long as it pulls back here, you can buy boldly. My personal short position sold at 2653 last Friday has been closed with profit when it fell to 2645. Now I am waiting for the pullback to trade long positions.
TVC:GOLDLong
by AntonyTP
DOGS → Double bottom favors resistance breakoutBINANCE:DOGSUSDT is forming a double bottom followed by a breakout of trend resistance. Quite a promising situation, provided the bulls hold their defenses above 0.00081. After the listing, the coin flies to the moon due to the dump, but after the appearance of a strong seller or lack of interest from the buyer, against the background of weakening support of Pavel Durov arrested in France, a market phase change to a “dump” is formed. Technically, a double bottom is formed on 4H, followed by the renewal of local lows and the breakout of trend resistance, which indicates the formation of a market bottom. At the moment, the cryptocurrency market shows bullish dynamics, which can affect DOGS accordingly Resistance levels: 0.000885, 0.000938 Support levels: 0.00081 After the dump the coin has good chances to show already adequate realization. If the bulls keep the defense above 0.00081, we will have chances to get on the train to the north, to the targets 0.00096, 0.001, 0.00117 Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:DOGSUSDT ;) Regards R. Linda!
Long
by RLinda
1
XAUUSD - Today's Setup -15/10Good morning, traders! 🌅 Hope you all had a profitable week last week! 💰 I'm back on the charts and ready to spot some solid zones for our next trades. 👀 At the moment, gold doesn’t have a clear zone to jump in from, but it’s showing a slight uptrend across most timeframes. 📈 I’ve marked two potential zones, but they don’t meet all of my confluences just yet, so for now, I’ll be watching closely to see what the market wants to do. Patience is key! 🧘‍♂️ Remember, we’re not here to take trades just for the sake of it — we’re here to take trades with a high probability of success. 🎯 That’s all for now! Wishing you all a profitable day ahead. Trade smart, not hard! 💡📊
FX:XAUUSD
by alexm1011
GOLD → Will the rally end with a FB? 2670 - liquidity...FX:XAUUSD is growing together with the dollar, the correlation cooled down after the change of fundamental background. The range of 2670 - 2600 is being formed. The metal is rallying to resistance for liquidity. Geopolitical issues. High tensions in the Middle East as well as rising tensions in East Asia between China and Taiwan are worrying investors looking for safe havens. Last week showed not so good economic data for gold. The dollar rose very strongly during that time. But gold gold traders were most likely paying attention to the dovish remarks by Fed policymakers about lowering interest rates.... Technically gold is in a sideways range and is testing liquidity above 2660. The bears are likely to give a not so warm welcome.... Resistance levels: 2663, 2670, 2685 Support levels: 2650, 2637, 2623 Strong movement from the bottom of the range reaches its upper boundary. Technically, the price has no potential to break through the strong range resistance. A false breakout is possible, the purpose of which may be to capture liquidity, followed by a decline. The situation may be broken by unexpected geopolitical or economic news, but at the moment there is no such news Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
6
NQ Power Range Report with FIB Ext - 10/15/2024 SessionCME_MINI:NQZ2024 - PR High: 20640.75 - PR Low: 20614.25 - NZ Spread: 59.5 No key scheduled economic events New month highs, holding in previous session highs Session Open Stats (As of 12:35 AM 10/15) - Weekend Gap: N/A - Session Gap 7/24: -0.32% (open > 19946) - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 297.77 - Volume: 16K - Open Int: 254K - Trend Grade: Bull - From BA ATH: -2.7% (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:NQZ2024
by mv3trader5
Angel One Breaking Key Resistance Level Amid Leadership ChangeAngel One Ltd (NSE: ANGELONE) has witnessed a sharp upward movement, with today’s price action breaking past the key Fibonacci retracement level of ₹2,968 (61.8%) after bouncing off the support near ₹2,600. The recent appointment of Arief Mohamad as the Chief Business Officer - Direct Business could be a key factor boosting investor confidence, triggering this strong bullish momentum. Key observations: The stock is trading above its 20-day, 50-day, and 200-day moving averages , indicating strong bullish sentiment. Immediate resistance is seen around ₹3,187 (next Fibonacci level) , while strong support rests at ₹2,749 (38.2% retracement level). RSI is hovering near 70, showing an overbought condition. A pullback may be expected, but if momentum continues, a breakout toward ₹3,400 is possible. This move shows the potential for further upside, though caution is advised with the RSI entering overbought territory. Traders might want to watch closely for a potential pullback or consolidation in the near term.
NSE:ANGELONE
by AngshumanSaikia
$SPY October 15, 2024AMEX:SPY October 15, 2024 15 Minutes. Being a moving average and Fib trader it is difficult for me to enter when the difference is around 10$ is 200 averages for a 15-minute time frame. I prefer to sit for a retracement today for 578.5 to 580 levels. For today. I prefer to sit on side even though i have a target as written earlier 587 levels. And AMEX:SPY made a high 585.27 yesterday. As we can see in daily time frame Between July to September SPY formed a good base between 535 to 565. Hence once 595 is crossed i expect a huge upside towards 640-680 levels. I expect some consolidation for 575 - 585 before next move so that the moving averages can catch with price. No time for short unless it is for a 10 to 15$% range in $SPY. This is my view as of now based on how AMEX:SPY is currently moving in charts. On daily basis I will review downside only when AMEX:SPY is around 560 levels which is 50-day average in daily chart.
AMEX:SPY
by RiderTrader
3