Harmonic Patterns
Potential bullish bounce?GBP/CHF is falling towards the support level which is a pullback support that aligns with the 38.2% and the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.1314
Why we like it:
There is a pullback support level that lines up with the 38.2% and the 50% Fibonacci retracement.
Stop loss: 1.1254
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 1.1395
Why we like it:
There is a pullback resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish momentum to extend?EUR/CAD is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.4982
Why we like it:
There is an overlap support level that lines up with the 38.2% Fibonacci retraecment.
Stop loss: 1.4847
Why we like it:
There is an overlap support level that lines up wit the 38.2% Fibonacci retracement.
Take profit: 1.5166
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop off overlap resistance?EUR/JPY has reacted off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 162.13
Why we like it:
There is an overlap resistance level.
Stop loss: 164.38
Why we like it:
There is a pullback resistance level that aligns with the 138.2% Fibonacci extension.
Take profit: 159.34
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop?AUD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 97.63
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 98.68
Why we like it:
There is a pullback resistance level that line sup with the 50% Fibonacci retracement.
Take profit: 95.63
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Gold Trade Plan 18/12/2024(500 Pips Down)!!!!Dear Traders,
Gold price still Range between 2635-2650 .
i Mixed Classic Pattern&Price Action in chart,
1-Head&Shoulder Target : 2670
2-(0.38 Fibo Level : 2669)
3- Fibonacci TrendBase Extention : 2672
4- Clean Order block 2672 Area ,
5-(wave 3 Minor(almost completed) and we will have some correction to UP)
Totally : 2670-2672 is very Safe for Sell to target 2615-2620 ( for tonight)
"If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza!
My Best Analysis Resistance at 2628
If the market rises to 2628, this level may act as a resistance. Traders could expect a potential reversal or a slowdown in upward momentum from this point. It's crucial to observe volume and price action near this level for confirmation.
Resistance at 2665
If the market continues to rise, 2665 serves as a strong resistance level. Price action near this level could indicate whether the market has the strength to break higher or if it will face a reversal.
Microsoft (MSFT): What’s Next? Will It Break $455.34 Morning, Trading Family! Let’s Talk About Microsoft (MSFT): Will It Break $455.34 or Head Lower?
Microsoft’s stock is at a key level, and the next move could set the tone for what’s ahead. The magic number right now is $455.34. Will we see a breakout to new highs, or could the price dip lower before bouncing back? Let’s break it down step by step so everyone’s ready!
If Microsoft Breaks Above $455.34
If the stock moves above $455.34 and holds steady, it could signal that buyers are in control.
What could happen?
The price might head up toward $460 or even $465. These levels could be the next spots where the stock takes a breather.
What should we watch?
Look for strong movement above $455.34 with good trading volume (lots of action). If the price quickly dips back below, it could mean the breakout isn’t real yet.
How can we trade it?
If the price holds above $455.34, it might be a good time to think about buying with a target around $460. Just make sure to use a stop-loss in case the trade doesn’t go as planned.
If Microsoft Drops Below $455.34
If the stock struggles to stay above $455.34, we could see a pullback.
The first key level:
Watch $449. This is the next area where buyers might step in to stop the price from falling.
If $449 doesn’t hold:
The price could drop further, landing somewhere in the $443–$438 range, where stronger support is likely.
How can we trade it?
Be patient! If the price dips, wait for signs that it’s stabilizing at a support level before making any moves.
What If the Price Drops Below $438?
If MSFT falls below $438, it could mean the stock is turning more bearish. At that point, we’ll need to step back and reassess the trend.
Tips for Today’s Trading
If you’re bullish: Wait for the price to break and hold above $455.34 before jumping in.
If you’re bearish: Watch for a clean break below $449 for potential short opportunities.
Always: Use stop-losses to protect yourself and trade with a plan!
Bottom Line:
The $455.34 level is the line in the sand. If we break above, it’s good news for the bulls. If not, we could see a dip to $449 or lower.
Kris/ Mindbloome Exchange
Trade What You See
STG/USDT Bearish Outlook: Downtrend Confirmed - Watch Key Levels
📉 STG/USDT is showing a strong bearish trend across multiple timeframes. Following a pullback, the price is under pressure, indicating potential for further downside. This analysis highlights key support/resistance levels, trend directions, and potential trading scenarios.
Timeframe Analysis:
5min: 🐻 Price below 20 SMA, RSI < 50, Bearish MACD. Short-term selloff.
30min: 🐻 Price below 20 SMA, RSI < 50, Bearish MACD. Bearish continuation.
1H: 🐻 Price below 20 SMA, RSI < 50, Bearish MACD. Bearish continuation, possible consolidation.
Daily: 🐻 Price below 20 SMA, RSI < 50, Bearish MACD. Clear downtrend, potential for further downside.
Key Levels:
Support: $0.30 (psychological), $0.28, $0.25
Resistance: $0.33, $0.36
Indicators:
20 SMA: Price below on all TFs = Bearish.
RSI: < 50 across all TFs, indicating bearish momentum.
MACD: Bearish crossovers below zero line across all TFs.
Potential Scenarios:
Bearish Continuation: Price likely to test lower supports at $0.28 & $0.25.
Double Bottom Potential: 4H chart shows potential formation for double bottom, watch for confirmation and neckline breakout.
Consolidation: A period of sideways trading may also be seen.
Trading Strategy:
SELL/HOLD: Recommended to sell or hold positions with stop losses.
Short Positions: Consider shorts on rallies to $0.33, stop-loss above.
Take Profit: Target $0.28 initially, then $0.25.
Stop Loss: For shorts, consider a stop loss above $0.33. Move existing stop losses down to $0.32 or $0.31.
Avoid Buying: Downtrend is strong, avoid buying.
Risk Management:
Monitor for oversold conditions, which doesn't guarantee a reversal.
Be cautious of shifts in market sentiment.
Keep an eye on overall crypto market correlation.
#STG #STGUSDT #Crypto #Trading #TechnicalAnalysis #Bearish #Altcoin #TradingView
Nat Gas Wed 18 DecScript opened with 5% gap on the upside, which was a surprise for awing traders who carried short position on tuesday. It remained irritating till 7 pm. Once the hope of filling the gap vanished it started creeping on the upside but it wasn't enough to cover the losses incurred due to the gap.
As always market favoured scalpers. Fluctuations were big enough to make money. Scaling in was a bit tricky though for someone who trades manually cause movements were quick. Overall volume was good, getting orders filled wasn't difficult.
Don't carry long positions today. Most of the time market tries to fill the gap of the previous session.
See you all tomorrow!
BITCOIN NEARING 108,100 Hit Only ONE LAST GASP left The chart of bitcoin posted based on all fib relationships within the advance from 15890 is ending a clear and rather clean 5 wave s up To end the Bull market of the last 2 years Timing of golden ratio and spirals called for the last week but there are 3 i.t. spiral due 12/18 to the 21 this is the last of the good news I have taken a long PUTS position in BITI at 60.8 Best of trades WAVETIMER