Longsetup
Novo completely oversold🐂 Trade Idea: Long - NOVO
🔥 Account Risk: 20.00%
📈 Recommended Product: Stock
🔍 Entry: +/- 750.00
🐿 DCA: No
😫 Stop-Loss: 675.00
🎯 Take-Profit #1: 1,000.00 (50%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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Novo Nordisk is completely oversold (in fear of RFK) and so is the rest of the Pharma sector as well. Nevertheless, Novo is still printing money and trial results for a new product should come in end 24 or beginning 25 for the oral version of the weight loss drug. The fear over political decisions in the US should be used to buy the Pharma sector. For me, it is Novo and Regeneron.
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Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
SMLT 1H Swing Long Aggressive CounterTrend TradeAggressive CounterTrend Trade
- short impulse
- unvolumed T1
+ support level
+ volumed 2Sp+
+ weak test
+ biggest volume first buying bar close entry
Calculated affordable stop limit
1 to 2 R/R take profit
Daily CounterTrend
"- short impulse
+ volumed T1
+ support level
+ volumed manipulation"
Monthly Trend
"+ long impulse
+ T2 level
+ support level
+ biggest volume manipulation"
Yearly trend
"+ T1 level
+ support level
+ biggest volume manipulation?"
etc long midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
Crypto Market analysis - Total 2TOTAL2 has been a very reliable chart to base the bull runs on. We're looking at it now to see where we could potentially reverse. For this chart to be bearish, we would have to take out the low at 850 billion. As long as we put a higher low above that, the chart will remain bullish in the longer term.
Between August and November, we went through an accumulation phase, where we put consecutive higher lows after completing a bullish harmonic. We can also see that from the low to the first higher low, before breaking out of the exponential down curve, we retraced a perfect 0.786, which is very typical of a wave 2 retracement. If you then take the Fibonacci extension levels from the high to the low, we hit a perfect 4.618 extension, which is uncommon but very possible for a wave 3 extension. This would currently put us in a wave 4 correction.
We have retraced and have today cut through the 0.382 retracement level and are sitting at the 1.26 support. However, this isn't a reliable support, as it only acted as resistance in the past and has never been held as support. We could, therefore, expect to go lower, and the next level would be the 0.5 retracement level at 1.21 trillion.
For a wave 4, it is common to retrace between the 0.5 and 0.618, and the 0.618 is around 1.11 trillion, which is where the next zone of support sits. I would, therefore, find it possible, if not probable, to retrace all the way down to the 0.618 at 1.11 trillion dollars and accumulate within that zone of support before the next substantial rally.
The next substantial rally will hopefully bring us to all-time highs, but it does not necessarily have to do that. We could retrace and put in another lower high, which would, at that point, confirm distribution and likely indicate a mid-to-long-term pause in the bull market, if not a reversal into a bear market. Until this happens, or we take out the low at 850, we remain bullish.
The last points to consider are that we didn't distribute at the highs and didn't have a major liquidation event, this suggests that these assets will revisit the highs or have deep retraces into them. We are also developing bullish divergence which will mature as long as we stay above 850 b. For that reason, we are not selling anything at these prices.
Conclusion
Analyze prices carefully around these levels:
The current support at 1.26.
The next support at 1.11 trillion.
Look for TOTAL2 to showcase bullish accumulation or reversal.
Once TOTAL2 signals its direction, focus on individual assets that align with the macro trend.
Updates on specific positions will follow.
GBP/USD--> Just One Step Away from a Further DeclineHello everyone, Ben here!
Today, GBP/USD continues to face significant challenges. The pair remains under pressure due to a negative fundamental backdrop, the strengthening of the US dollar, and the emergence of a critical resistance zone. These factors all point to the likelihood of a sustained bearish trend.
Yesterday, the UK GDP figures were released, showing no change. This lack of improvement leaves the British pound without any meaningful upward catalysts. Meanwhile, the US dollar finds support from recent market dynamics. Despite rate cuts, the dollar is gaining momentum, bolstered by hawkish rhetoric and expectations of economic growth. Against the backdrop of Trump-era policy shifts, the medium-term outlook for the greenback appears favorable.
From a technical perspective, GBP/USD is currently testing a high-risk resistance zone. If a false breakout occurs, it could trigger a short-term rebound. However, this reaction is likely to be temporary. Following such a move, the pair may target a retest of local resistance levels. Yet, the real focal point lies in the support test within the next 1–3 days, which could set the stage for a deeper decline.
A crucial level to watch is 1.2488. Should a base form at this point before any significant breakout, it would reinforce the bearish outlook and pave the way for further downward movement.
Stay sharp and trade wisely!
Yours truly, BenTradeGold.
BTC ANALYSIS🔮 #BTC Analysis 💰💰
🌟🚀In 8hr chart we can see a formation of "Rising Channel Pattern in #BTC. Right now we can see that there is an instant support level. We would see a pullback from support level.
🔖 Current Price: $96800
Target Price: $107500
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #BTC. 🚀💸
#BTC #Cryptocurrency #DYOR #PotentialBreakout
NVIDIA to ATH $153 until end of 2024 (16% ROI)With NASDAQ:NVDA , we are currently in a promising position to see a final exaggeration into the end of the year. The stock has risen over 180% percent in 2024 and I think we have a good chance to make 200% out of that. Looking at the chart we can see a clear uptrend trendline starting in August this year with multiple touchpoints along the line. Since October we're consolidating within the range from $131 to $153. After touching the trendline on thursday last week we're good to go higher (at least for now). Resistance will be the current ATH at $153. If we fail to hold the level at $131 on the daily chart the trade will be invalidated. That leaves us with 16.54% ROI in total.
Target Zone
$153.00
Support Zone
$131.00
UNH Selloff Unreasonable - Still 15% ROI Short-TermSince my first NYSE:UNH idea a couple of days ago the price of this stock dropped significantly. If you've been part of the first idea you should've been able to lock in around 1.x% of return when using a tight stop-loss. Otherwise you've been stopped out with break-even. Nevertheless, the sell-off was not helpful and is completely exaggerating the situation at UNH since the company is not really effected by the current PBM debate.
"Deutsche Bank sees a potential divestiture as not having a significant impact on earnings, estimating the risk at likely less than $200M of the company’s roughly $30B+ operating earnings. Deutsche Bank noted, however, that CVS (CVS), Cigna (CI) and UnitedHealth (NYSE:UNH) 'could face additional risk from losing the ability to vertically integrate the PBM, fulfillment and manufacturing functions of biosimilars through organizations like Cordavis and Quallent.' Despite concerns about the potential breakup of their pharmacy businesses, Deutsche Bank maintained it's buy rating on UnitedHealth (UNH)."
From a technical standpoint we can see a confluence of support:
Weekly SMA200
Strong Trendline from March 2020
Horizontal Support at $480
UNH managed to bounce from the trendline intraday today. This could mean we're going to see a turnaround from here. If we break below the trendline on the daily chart this trade will be invalidated. Otherwise our target sits at $550.
GBPAUD Bullish Trade Idea from 2.00381-2.0082GBPAUD Bullish Trade Idea
The price fell from the 2.02834 zone and hit back the 2.00381 zone, just respecting the recent support level.
Now the important question is: does the price just test back and wait for the confirmation candle over this zone to reach the next level?
In H4, the bear pressure will increase over time, and the volume increased with sentiments also showing that more volume on the buy side. and the major zone will be tested.
Key level: if the market breaks the support, then we must see at the 1.99567 zone, but on the other side, the Pound index is strong enough.
When the market breaks the 2.00820 level, put buy trade.
Buying zone: 2.00381 - 2.0082
Stop loss: 1.99778
Take Profit Level: 2.0158-2.02763
Interest Rates Are Falling, So Why Is the EUR/USD Declining?Hello everyone,
Currently, the EUR/USD pair is trading with a slightly negative bias around 1.0360 in early Friday’s Asian session. The major currency pair remains defensive as the US Federal Reserve adopts a less dovish stance despite cutting interest rates by 25 basis points at its December meeting on Wednesday.
In summary: The Fed’s hawkish tone has delivered its intended impact: the dollar has strengthened, and markets have weakened.
Today, all eyes are on the November Personal Consumption Expenditures (PCE) Index, the Fed’s preferred measure of inflation. Meanwhile, the EU will release its preliminary estimate of December Consumer Confidence.
Technical Perspective:
After the initial decline, the price attempted to recover but faced resistance at key levels, highlighted by the blue liquidity zones on the chart. If the price fails to break through the liquidity zone at 1.03894, we could see further bearish pressure. The first target lies at 1.03502, and a break below this level could drive the price toward 1.03000, marking a significant move for the pair.
Wishing you all successful trades and great profits!
BTCUSDT: Consolidation After Uptrend Break. What's Next?Hello, dear traders. Brian here!
When analyzing the 4-hour chart, we can see an intriguing setup that indicates the possibility of continued bearish momentum if critical support levels fail to hold. Let’s dive deeper into the analysis.
Currently, Bitcoin is trading at $97,547, reflecting a slight pullback from recent highs. The price has recently broken the ascending trendline, which had provided support for a prolonged period. This break, combined with the rejection at the Fibonacci retracement zone, signals a potential trend reversal. Traders should closely monitor the $95,713 level and the EMAs to confirm the next move.
If Bitcoin continues to decline, the next major support levels are at:
$95,713 (1.0 Fibonacci Extension)
$93,085 (1.272 Fibonacci Extension)
$89,742 (1.618 Fibonacci Extension)
Wishing you all great profits in the coming days!
GOLD --> The Downtrend Persists. What’s the Next Target?Dear Friends,
Gold has seen a modest rise amidst a broader bearish trend, currently trading around $2,617, up 1.27% on the day.
This slight uptick can be attributed to sellers pausing their pressure, coupled with the fundamental appeal of gold increasing. As the opportunity cost of holding the non-yielding precious metal decreases due to lower interest rates, gold becomes more attractive.
However, the Federal Reserve's cautious outlook on rate cuts—suggesting smaller reductions than expected next year—could weigh on gold's upward momentum.
Additionally, US Treasury yields edged higher on December 18, with the 10-year yield reaching its highest level since May. Treasuries, often considered a direct competitor to gold due to their interest-bearing nature, could diminish gold's appeal if yields continue to rise.
Ben personally advises waiting for a decisive candle close below the 2636 liquidity zone before taking further advantage of the market trend.
GOLD--> The downtrend is not over yet!Hi guys.
Today, gold prices are trending lower with the current price hovering around $2,600.
Accordingly, this decline is due to the Fed signaling a cautious policy easing path next year, still supporting higher US bond yields and supporting the USD to stand near a two-year high.
Therefore, in the short term, it would not be surprising if Brian prioritizes a short strategy and targets at least $2,538.
EUR/USD Analysis – December 19, 2024EUR/USD Analysis – December 19, 2024
Overview:
Today, let’s focus on EUR/USD. The price recently retested its demand zone at 1.03611, where it experienced a strong rejection from the downside. Following this, the price has begun to climb upward, indicating a potential bullish move.
Trade Idea:
Potential Long Entry: Around 1.03611, where the demand zone lies.
Target: The price could rise to 1.04628, which corresponds to the previous supply zone.
Risk Management:
Use a proper risk-to-reward ratio to manage your trade.
Ensure there is clear confirmation (e.g., bullish momentum, strong candles, or other signals) before entering a position.
Important Notes:
Do Your Own Analysis: While this setup suggests a potential upward move, don’t follow it blindly. Always analyze the market conditions yourself before taking a trade.
Risk Awareness: Protecting your capital is more important than making quick profits. Avoid impulsive trading and use stop-loss orders to mitigate risk.
Trading Is Reactive, Not Predictive: Respond to what the price action shows you rather than forcing trades based on expectations.
GOLD - Should I sell?Brian, hello everyone!
Gold prices “plunged” and fell more than 2% to a one-month low in mid-week trading after the Fed decided to cut interest rates as expected, but noted that it would slow the pace of borrowing cost reductions in the near term. The Fed’s stance boosted the USD and bond yields.
Based on the performance of gold on the 4-hour time frame, along with indicators from EMA and RSI, a bearish trend is expected in the coming period. With the current unfavorable situation for gold, the price of gold is likely to reach $2,537 in the near future.
GBPUSD - continue its downward trendDear Investors,
The GBP/USD pair has rebounded after losing over 1% following the Federal Reserve's aggressive rate cut on Wednesday, currently trading around 1.2590 during Thursday's Asian session.
From a technical perspective, this recovery is likely to be short-lived, stemming from the strong support zone at 1.2567, rather than signaling a sustained rebound. Sellers could easily regain control, especially after breaking below the key level of 1.2645. Moreover, the 34-period EMA shows no signs of a significant reversal, suggesting the price might accelerate towards the next support level at 1.2486.
Attention remains on the immediate resistance at 1.2615, as any failure to hold this level could lead to an earlier-than-expected decline. Stay alert and plan accordingly!
BTCUSDT: Consolidating below key resistance. What next?Hello, dear friends!
BTC/USDT is currently on a bearish trajectory, with the price hovering around $101,200. This decline follows comments from Federal Reserve Chair Jerome Powell opposing the establishment of a national bitcoin reserve fund.
From a theoretical perspective, the outlook suggests further downside potential, as the price is currently near critical resistance levels around the 0.618 and 0.5 Fibonacci retracements, while the descending trendline remains intact. It is anticipated that the decline could extend to the designated support zones.
Wishing you all profitable trades ahead!
$MSTR - The Rocket Takes OffHere is the daily chart for $MSTR. With its recent inclusion in NASDAQ:QQQ , the stock appears poised for further growth.
From a technical perspective, the current triangle formation suggests potential downside movement toward $368, where the price may test the lower boundary of the pattern. Following this, I anticipate a bullish breakout to the upside.
The resistance near the previous all-time high (ATH) is unlikely to hold for long, and I expect NASDAQ:MSTR to surpass this level in its upward trajectory.
Quick Rally For 3030 Has Fallen to a High volume trading area reaching the point of control that could act as a strong support, added There's also a strong Hidden Bullish Divergence on the RSI that gives great indication that we could see a rally up from this daily support lvl (42,300) back to the "trend line" break & previous structure low,(Filling the sell side imbalance -FVG)
Confluences on This Trade
- Rejecting Daily support lvl 42,266
- Rejecting Demand zone
- @ 38.2 Fib Retracement
- Hidden Bullish Divergence (RSI)
- Buy Side imbalance fill
- Daily Volume Support
Lock in with your LTF Bullish Entry Signal,
WAIT FOR YOUR CONFIRMATION AND
**RISK ACCORDINGLY
Intro to the next possible move:
After this bullish move - price could reject the Trend line and previous structure low, then continue down.
**This bullish to bearish move would give price action a "Head and shoulders ish" Pattern on a HTF.
Caution on the Bearish Sell- we have high volume right below the 41,000 bank lvl that could act as a support.
with all of that being said the one thing that gives me great hesitation on the 2nd part of this move The "Bearish Sell" is the fact that this current pull back only brought price down to the 38.2 Fib lvl, so this could just be a minor pull back for a big Bullish continuation move.