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Potential Topping Pattern in MicrosoftMicrosoft doubled between late 2022 and mid-2024, and now some traders may think the tech giant is done going up. The first pattern on today’s chart is the series of higher highs between February and July, followed by successively lower highs. That rounded top could signal its longer-term momentum has stalled. Second, the 50-, 100- and 200-day simple moving average (SMAs) have come together after being spread apart. That could also reflect a weakening of the longer-term uptrend. Third, MSFT gapped downward on October 31 after forecasting slower growth in its Azure division. It rebounded feebly without recouping its losses. Did a bear-flag breakdown just take place? 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.
NASDAQ:MSFT
by TradeStation
SOLUSDT | Marketoutlook Summary: • SOL/USD Movement: • Trading within a medium-term descending channel . • Resistance zone: 157.40–162.50 (23.6% Fibonacci & Murrey ). A breakout above could lead to further growth toward 175.00 and 185.80 (July highs). • Support zone: If the price falls below 147.60 (central Bollinger Band), it could decline toward 131.25 (38.2% Fibonacci & Murrey ) and 125.00 (Murrey ). • Technical Indicators: • Bollinger Bands: Horizontal, signaling consolidation. • Stochastic: Preparing to exit the overbought zone, indicating a potential sell signal. • MACD: Increasing in the positive zone. • Trend Outlook: • With the long-term downtrend intact, further decline in the near future appears more likely.
Long
by DynamicCapital-FX
1
A close up of the bullflag forming above c&h rimline on total2The red line is the rimline of the Total2 chart’s cup and handle pattern that I made a post about a few days ago and will link at the bottom of this post. I thought it would be a good idea to include a close up of this bull flag that is forming with that redline mostly serving as support here so it would be easier for people to see when the breakout from the cup and handle will be validated. Once we have solidified the red line as support long enough we will validate the breakout from the cup and handle. One thing that will greatly increase the probability that w will validate that breakout is by first valdating the breakout up from this smaller bullflag pattern that has been forming here, you’ll notice that we are also about to have a golden cross (when the orange line crosses above the blue line ). We are now just one to two days away max from that cross happening and I would not be surprised if the pump up from the bullflag that validates it’s breakout occurs the same day the golden cross occurs, as I have already seen that happen immediately on the golden cross in two other chart recently, and it usually tends to do so once we have entered the parabolic phase of the bull market. If we do we will simultaneously validated both the breakout from this bull flag and mostly likely validate the breakout from the more macro timeframe Cup and handle pattern as well. I will link the chart I posted a few days ago showing the full cup and handle pattern down below. We’ve already seen a slight bit of a precursor already in the market but once the cup and handle validates its breakout, it is officially alt season. *not financial advice*
CRYPTOCAP:TOTAL2
by DrDovetail
S&P 500 Market Update Part 2 + Trade Plan AMEX:SPY Greetings everyone, Let’s analyze the recent price action of the S&P 500. I SPY 🕵️with my eye a reversal . The index reached a key milestone, breaking above $600 USD shortly after the US election. However, this achievement was short-lived. After briefly crossing the $600 level, it was quickly rejected, falling back below—a classic case of what traders often call a fakeout or a “look above and fail.” Momentum Shift: A Rollercoaster Analogy Imagine a rollercoaster that has climbed to its peak with tremendous force (the catalyst). The potential energy built up from the climb is unleashed as it starts descending rapidly. Similarly, after a period of intense buying pressure, the market often runs out of steam, stalling and reversing direction—just like our rollercoaster hurtling back downward after reaching its height. What Happened Next? Following the breakout, extreme selling pressure set in, driving prices down sharply. During market hours, the price bounced between highs and lows, showing signs of uncertainty and volatility. Renewed Interest and Its Consequences As the price dipped, confident buyers stepped in, creating a back-and-forth movement akin to a seesaw. This tug-of-war in price action is evident in the bear flag pattern which formed on the chart. While the bear flag doesn’t guarantee further downside, it often signals the potential for continued selling pressure based on historical patterns. What’s next for the S&P 500? I have my long term support target which I expect price may revisit in order to build enough momentum aka buying pressure. For its next major move - whether it’s up once more or continued lower Major Levels: 586 Major SR 591 Strong Resistance as of late 596.89 Zone to consider going long if price renters and holds. Trade Plan: I gave out the trade idea to short if priced Reversed at $600 in my previous market post. Give it a like 👍. If you were able to catch that trade through reading my previous or on your own accord please like or drop a comment on how you executed the trade. Trade Plan Assuming you were trading since 600, I would be de-risk by taking some profit. Setup: 1. Bearish engulfing at major resistance levels & short to the previous lower levels. 2. I would also be looking for a strong reversal at the levels noted to re-enter the short. 3. The end goal is 588.xx + a small margin of error. Thanks, - C Lemard
AMEX:SPYShort
by coilemard
1
$AAPL back to $200?The NASDAQ:AAPL chart looks weak. Since October, you can see price formed a lower high and now has been consolidating in a bear flag. Should the flag break down, I think we'll see a sharp move down to $200 or one of the supports below it. Why such a large move? The chart has an imbalance on it from how quickly price rose in the first half of the year. I think price needs to correct lower to fix the chart imbalance. The move should play out by Jan 6. Let's see.
NASDAQ:AAPLShort
by benjihyam
BTC Futures Expectations: Anticipating the Next Market MovesTwo major macro events are now behind us; the Fed rate decision and more notably, the U.S. Presidential Election. With a clean red sweep, we have begun to see Scenario 1 play out from our previous post. However, given the surge of retail euphoria and excitement, this run towards the 90k mark was not entirely unexpected. November 11, 2024 has now set a crucial range for the weeks ahead. Big Picture BTC Futures: Key Levels to Watch: pATH support: 78,960 - 77,155 Key Bull Zone: 68,100 - 65,500 Yearly Mid: 67,375 Yearly VPOC: 68,100 Scenario 1 — Consolidation While Capped by Weekly High and Monday’s Range In this scenario, we can expect further consolidation as more participants enter the market. Based on our current expectations, BTC may consolidate near new ATHs and above key pATHs support. Perhaps we may see another bull flag formation, which may fail at first and test the key pATHs support before another upward move. Here, the key would be shaking out late breakout traders, with a possible dip before another move higher as outlined. Scenario 2 — Euphoria Turns to Frustration and Shakeout for Late Breakout Traders In this scenario, we expect a deeper pullback that could be more intense—shifting the euphoria into gloom. A bottom signal will likely emerge as market sentiment turns bearish. BTC futures could dip back to pATHs, followed by a quick V bottom recovery that tests the confluence of yVPOC, key bull support, and yearly midpoint. Scenario 3 - Sustained Bullish Momentum to 100K In this scenario, a bullish run continues towards the 100K mark before it starts to cool down and consolidate between 90K and 100K price levels. This is a warning for those trying to time a top in BTC futures. It is better to plan than to step in blindly and fire from the hip. Considering trading CME BTC futures? You can now access CME MBT Micro Bitcoin futures, 1/10th the size of one bitcoin, and CME BFF, Bitcoin Friday futures, sized at 1/50 of a bitcoin, Bitcoin Friday futures is a short-dated contract that provides an accessible, capital-efficient way to manage your bitcoin trading strategies. Disclaimer: The views expressed are personal opinions and should not be interpreted as financial advice. NFA does not have regulatory oversight authority over underlying or spot virtual currency products. Derivatives involve a substantial risk of loss and are not suitable for all investors.
CME:BTC1!
by EdgeClear