Nifty formed falling wedge on daily time frame - Towards 20,300On daily time frame, Nifty has falling wedge breakdown.
It has good support at 20,550 on weekly closing base.
Below 20,550 it will have following targets possible,
22,000 / 21,680 / 21,300 / 20,900 / 20,600 / 20,300
Technically 20,300 possible to fill gap on day time frame.
Moving Averages
DEEP - Finding The Next Trade SetupDEEP recently took out the January 13, 2025 low at $0.12345 with a Swing Failure Pattern (SFP), followed by a successful retest. This led to a bounce that hit a key level at $0.12141, presenting a solid long opportunity with minimal risk.
After this, the market turned bullish, forming a 5-wave structure and rallying to the 0.786 Fibonacci retracement level at $0.18643 (measured from the $0.20473 high to the $0.11922 low). This was a key take-profit zone for longs and a great short opportunity.
Adding confluence, the anchored VWAP also acted as resistance just above at $0.19, offering another low-risk short setup. Additionally, a key resistance level at $0.1809 further reinforced the rejection zone.
Current Price Action & Short Setup
From the 0.786 Fib retracement, DEEP retraced 20% downward, nearly touching the 0.618 retracement of the 5-wave structure before bouncing. Now, price is finding resistance at the golden pocket (0.618 at $0.17347 and 0.666 at $0.17534) of the recent drop, aligning perfectly with the daily 21 EMA ($0.1757) and daily SMA ($0.17347).
This setup suggests an ABC corrective move is forming.
Using the trend-based Fibonacci extension, the 0.786 extension aligns with the 0.618 retracement at $0.1457, creating a strong short setup.
Short Entry: Between $0.17347 - $0.17534
Target: $0.1457 (0.786 trend-based Fib extension / 0.618 retracement)
Stop Loss: $0.1845
Risk/Reward: 2.5:1
There’s also potential to extend the target to the 1:1 trend-based Fib extension at $0.13733, but this would depend on price action.
Potential Long Setup
If price reaches the $0.1457 support zone, this could present a high-probability long opportunity.
Entry: Around $0.1457
Risk/Reward: 2:1 or better, but confirmation is needed before executing the trade
HSI breakout: 21377 price targetHSI has broken out of the descending daily trend line, and also found support at the 200. day EMA.
With a potential bottom having formed, the first price target for the coming move up would be 21377 which price previously rejected twice from.
Beyond that, price can target 22686, then 25048 which is the top of the golden pocket, being the 0.65 retracement of the entire move down from ATHs.
Microsoft’s Momentum Could Be FadingMicrosoft has sputtered for months, and now some traders may see downside risk.
The first pattern on today’s chart is the pair of bearish gaps after earnings.
The software giant rebounded quickly in November, returning above its 21-day exponential moving average (EMA) and 200-day simple moving average (SMA).
Contrast that with January 30’s drop, when prices stayed under both moving averages. That session’s opening price around $418.77 has also emerged as resistance this month.
Second, the 50-day SMA is nearing a potential “death cross” below the 200-day SMA. That’s a potentially bearish long-term signal.
MACD has been negative and the 8-day EMA is below the 21-day EMA. Those are potentially bearish short-term signals.
Next, the stock has been trying to hold the November lows around $405. But if that level breaks, the August low under $386 may come into play.
Finally, MSFT has traded an average of 463,000 options contracts per day in the last month. (It’s the eight most active underlier in the S&P 500 in that time, according to TradeStation data.) That may create opportunity for options traders to position for a potential move toward the 52-week low.
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DXY Falling Below $106 - Cue AltSeason in March!The biggest shock to everyone is going to be the price of CRYPTOCAP:BTC going DOWN while ALTS skyrocket 🚀
As I have discussed in my macro thesis, the TVC:DXY is FINALLY breaking down on the Weekly along with the 10Y.
RSI has topped and Price broke below the WMA9 & 20.
Just waiting on the WMA9 to break below the WMA20 for final confirmation.
Historically when this happens...
it’s ALTSEASON BABY!!! 🥳
After this happened in March 2017,
BTC and ALTS pumped together,
then BTC went down 33% while ALTS exploded higher over a 3 week period before BTC rallied alongside again.
GBPAUD LongGBPAUD has been having a lot of price action in between the HTF Swing High and Swing Low. After HTF (Higher Time Frame) and Internal Demand Zone Mitigation, GBPAUD should be heading towards the next Buyside Internal Liquidity and the Swing High. This is just an analysis and forecast. Trade it at your own risk.
$SPY February 24, 2025AMEX:SPY February 24, 2025
15 Minutes.
The move from 610.70 to 599.47 is extended.
Hence a retracement is possible.
I expect a retracement to 602-603 levels.
On weekly have a bad close.
High was made and close was near low.
On daily $\spy near 50-day average.
I expect a bounce to 603 -604 levels this week for a target 594 being 100 moving averages.
Not a week to go long.
As expected, 613-614 provided resistance and AMEX:SPY pulled back as extension targe was achieved.
S&P 500 mostly neutral heading into summer 2025All the usual disclaimers:
1. I am not registered with FINRA. I am not a financial advisor.
2. Prior performance is not a guarantee of future performance.
3. This post is not and is not intended as financial advice. Instead, this post shares speculation upon hypothetical possible future outcomes.
4. This post uses purely doodling and technical analysis. It is not based to any extent upon education from news sources, information releases from underlying firms, nor upon microeconomic nor macroeconomic principles.
5. This scrying is unlikely to predict price action and VWAP vectors (direction and magnitude) within 50% accuracy over any specific interval.
The gray scrying upon CME_MINI:ESH2025 foreshadows replay of VWAPs starting since November and December. Both converge in early summer 2025 that appears slightly bullish during their +3 month windows, but they also return to the current price zone of contention. Referring to "2. Prior performance is not a guarantee of future performance," even when lightning strikes multiple times, it never follows the exact same path.
The daily normal range (orange for post, pre, and early trading) and daily extreme range (red for normal and late trading) boxes appear to have been sufficiently calibrated for ESH2025. They may need to be recalibrated each quarter.
SUI 50% correction to $1.50 areaOn the above 3 day chart price action has moved up 700% since last August. A number of reasons now exist for a reversal, they include:
1) Broken market structure.
2) Price action and RSI support breakouts.
3) A reliable bearish crossover.
4) No support levels until 1.90. A strike of 1.50 is probable.
5) "Short" active from $4.05 area.
Is it possible price action continues printing higher highs? Sure.
Is it probable? No.
Ww
CADCHF | 130pipsAfter waiting a while another opportunity presents it's self
Weak price in buyers at top with the same range, looking at a ~130pip drop.
First I waited for buyers to break above resistance, and then to see what else they could do afterwards
As price went on we saw buyers try to step back in but only for sellers to keep pushing down creating Lower Highs and Lower Lows
This tells me buyers aren't too interested and could see sellers step in with more strength as time goes on.
Price is also consolidating around SMA-150 exactly after the rejection which tells me price is building up for a reversal.
Same rules apply:
- Shorts Only
- Setup will take 20 days start to finish
- The actual trade will take 6 days +
The Anticipation of Brent OilIn the bustling world of forex trading, Alex will be positioned at his screen, eyes fixed on the charts that pulse with potential. He will see Brent Oil at 76.20, and he will know that the price will touch a peak of 76.90.
As he sips his coffee, he will remember the buzz in the trading forums: "Watch for any pullback." Pullbacks will be the key to unlocking great opportunities for those ready to act. With the blue EMA (Exponential Moving Average) just below the current price, Alex will feel a mix of excitement and tension. He will recognize that the blue EMA is his signal—a guiding line that could set the stage for a promising long trade.
He will remind himself to be patient, recalling the strategy he has meticulously crafted over countless hours. The plan will be simple: wait for the price to pull back to the blue EMA before entering his position. He will know that this calculated move could lead to a rewarding trade, but he must remain vigilant.
As he watches the price, he will notice a slight dip approaching the blue EMA. His heart will quicken; this could be the moment he’s been waiting for. He will prepare to act, fingers hovering over the mouse, ready to place his order as soon as the price touches that line.
The market will be alive with possibilities, and Alex will feel the thrill of the impending trade. He will know that this moment could define his day, his week, even his trading career. As Brent Oil inches closer, he will hold his breath, waiting for the perfect opportunity to take his position and ride the wave back up.
In that moment, anticipation will fill the air, and Alex will be ready to seize the chance that the market offers. The dance with Brent Oil will soon begin, and he will be poised for victory.
CYCLE 4 | Price %Change Extension from 20W SMABTC PRICE %Δ EXTENSION FROM 20W SMA ANALYSIS
Similar to previous Analysis looking at 'Price %Change Extensions' from moving averages (see links below), we take a look at the respective relationship BTC has held with the 20W SMA over its existence.
HISTORICAL BEHAVIOUR
Observable in Prior cycles BTC has topped and bottom out at High Points and Low Point of this relationship. We can see over cycle periods the highs are sloping downward (indicating ATH of future cycles diminishing in nature is historically in line with this relationship). This is observable via the downward sloping green zone connecting cycle peaks in the BTC Price %Δ Extension from 20W SMA.
For cycle bottoms (excluding the bloodbath of cycle 0), generally we see these occur ~around the 80% Price %Δ Extension region (see the red box below).
CYCLE 3 VARIATIONS | THIS TIME WAS DIFFERENT
It is notable that Cycle 3 was the first cycle where the high and low in this relationship occurred before the price All Time Low and High of Cycle 3, and in this instance the indicator displayed more divergent behavior (suggesting price momentum is reversing) with spikes of a lower high and higher low of this relationship indicating cycle 3 ATH and ATL.
CYCLE 4 ATH TAKEAWAYS
* A revisit of the Green Zone has historically coincided with a significant top or cycle ATH with prior price cycles.
* If Cycle 3 behavior is the new norm, then a revisit of the green area may indicate price momentum reversal. This divergent behavior indicated BTC was setting the final ATH for cycle 3.
* Either scenarios may play out again in Cycle 4 and may be a usual relationship to use with confluence of other relationships to identify Price / Market timing to take final profits.
See Relevant Previous Posts Below
$SOL RSI Fully Reset! Could Very Well Have Seen the BottomI’ve been waiting a few days before posting an update on CRYPTOCAP:SOL to see if it forms a cluster that mimics the fractal before the Trump Pump.
So far it has been playing out perfectly.
I still think we might have a wick at the very least to retest $155, but it does not necessarily have to happen as we’ve already have some confirmed price action in that region.
Main target is reclaiming the DMA9 and then prior Trend.
The RSI has FULLY RESET, so we could very well have seen the bottom here.
Sabre Corporation | SABR | Long at $3.00Sabre Corporation's NASDAQ:SABR earnings have slowly been improving since the pandemic and may be heading into profitability by 2025/2026. Disinterest in the stock may also be waning as the price creeps closer to my selected historical simple moving average (SMA, white and teal lines). Often, but not always, as the price nears this line, it jumps to make contact over a few weeks or months. Not to say that more volatility won't be ahead, but NASDAQ:SABR currently sits in a personal buy zone at $3.00.
Target #1 = $4.00
Target #2 = $5.00
Target #3 = $6.70
Alibaba Group | BABA | Long at $80.00Alibaba Group NYSE:BABA has the potential for massive growth. From a technical analysis perspective (and using my selected simply moving averages (SMAs)), the price of NYSE:BABA is reconnecting with its primary SMA. It could ride this area for a while as it consolidates further, but this often means a future reversal of the downward trend. Thus, at $80.00, NYSE:BABA is in a personal buy zone.
Target #1 = $89.00
Target #2 = $94.00
Target #3 = $107.00
Target #4 = $116.00
Target #5 = $305.00 (very long-term view...)
Vistra May Have Shaken Off DeepSeek Vistra fell in January because of DeepSeek. It quickly rebounded and now some traders may expect its longer-term uptrend to continue.
The first pattern on today’s chart is the rally between the low of January 27 and the high of January 30. The nuclear-power company has held above a 50 percent retracement of that bounce, which may confirm buyers remain in charge.
Second, a pair of inside weeks may also reflect a lack of selling pressure.
Third, prices have pushed against a falling trendline. Could that help confirm a breakout?
VST’s 8-day exponential moving average (EMA) also stayed above its 21-day EMA despite the DeepSeek crash. Price have additionally held their 50-day simple moving average. Those patterns may be consistent with short- and intermediate-term uptrends.
Next, the most recent set of weekly lows around $132 were above the September 30 trough near $115. Those higher bases may also reflect bullishness over the longer run.
Finally, traders may see potential AI catalysts on the horizon with Nvidia reporting on February 26, followed by its big AI conference March 17-21.
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.
Bitcoin is walking a tightrope—stuck between $94,200 - $102,500 Bitcoin is walking a tightrope—stuck between $94,200 - $102,500 with $98,350 acting as the key pivot. Break & hold = 102K test. Rejection = potential drop to range lows.
1️⃣ Key range: $94,200 - $102,500
BTC can't break above $98,350 for half a month—building pressure.
A clean breakout opens the door to $102K.
Failure = possible sweep of range lows.
2️⃣ Election VWAP defense
Bulls aggressively defending this level—a break could trigger fast downside.
But so far, it’s holding like a fortress.
3️⃣Short-term signals
Market structure shift (MSB) on the 1H chart.
Demand zone slightly below current levels—possible liquidity grab for re-entry.
12H time frame also hints at a reversal setup.
4️⃣ The game plan?
Hold above $98,350 = bullish breakout confirmation.
Lose 12H support & election VWAP = watch for $94,200 retest.
Patience > overtrading—market is moving like a coiled spring.
How are you positioning? Waiting for a break or taking range trades?
Trading with the 20 & 100 Simple Moving Averages (SMA) The Simple Moving Average (SMA) is a powerful trend-following tool that helps traders identify buy and sell opportunities. In this chart, we use:
SMA 20 (Purple Line) → This moving average represents the average price of the last 20 candles. Since it reacts quickly to price changes, it reflects short-term momentum and helps identify early trend shifts.
SMA 100 (White Line) → The 100-period SMA smooths out price action over a longer timeframe, reducing noise and showing the overall market direction.
Trading Strategy: The Golden & Death Cross
✅ BUY Signal: The SMA 20 crosses above the SMA 100 → This is called a Golden Cross, and it indicates that recent prices are rising faster than the long-term trend, suggesting a shift toward bullish momentum. Traders see this as a buying opportunity since short-term demand is increasing
❌SELL Signal: The SMA 20 crosses below the SMA 100 → This is called a Death Cross, and it shows that recent prices are dropping below the long-term trend, signaling a potential bearish market shift. This suggests that sellers are taking control, increasing the likelihood of a downtrend.
By using moving averages, traders can filter out market noise and trade with confidence.
What I see using simple trend linesOn the daily time frame bitcoin is still in the consolidation range.
The 10 21 and 50 moving averages are way above the 200. I'd like to see all four bunched tightly together before considering a long or short. If price action continues as it has then this could happen towards the end of March.
On the 4hr time frame bitcoin has broken out of my descending channel and retested it but I don't think it can be sustained. It could be positive to see two daily candles close outside of this descending channel. But this could delay the next major rally beyond March.
The 10 21 and 50 moving averages are way below the 200. Bitcoin needs to be heading to 100,000 for those moving averages to cross the 200. If bitcoin can reach 100,000 soon then this is potentially bullish.
On the 45min time frame bitcoin remains in the other descending channel.
If the 50 crosses the 200 then this is potentially bullish in the short term. But the 10, 21 and 50 moving averages have crossed the 200 a few times lately with no significant rally.
My conclusion is bitcoin is going to remain in this range for several weeks. Price may tumble to 88,000 but it's nothing to be worried about. If price goes above 101,000 too soon I'd be cautious that it's a bull trap, while any price action below 88,000 could be a bear trap. I would expect the latter to happen just before the market is primed to rally to a new ATH, and the former will trick retail into thinking the bulls have taken control. It's a time for patience and having faith in your strategy.