GOOGL at a Pivotal Crossroad! Key Levels and Trade Setups-Jan 3Technical Analysis (TA):
Current Price Action:
* GOOGL has recently broken out of a descending channel and is now trading above $200, showing bullish momentum.
* The price reached a high of $205.48 and is currently consolidating.
Key Support and Resistance:
* Support Levels:
* $200 (psychological level and recent breakout point).
* $192.50 (historical support and HVL zone).
* Resistance Levels:
* $205.48 (intraday high).
* $210 (highest positive GEX/Call Resistance).
Trend and Indicators:
* MACD: Positive momentum but showing signs of potential divergence. Watch for a cross to confirm direction.
* Stochastic RSI: Overbought, suggesting possible short-term consolidation or pullback.
* Volume: Increasing on the breakout, indicating strong interest from buyers.
Price Scenarios:
* Bullish: A breakout above $205.50 could see a test of $210, aligning with the highest positive GEX level.
* Bearish: A failure to hold $200 may lead to a retest of $192.50 and further downside toward $185.
Options GEX Analysis:
* Call Walls:
* $205.48 (key resistance).
* $210 (highest positive GEX, strong gamma wall).
* Put Walls:
* $192.50 (support zone).
* $185 (2nd Put Wall and significant downside support).
Options Metrics:
* Implied Volatility (IVR): 57.2 (elevated, indicating higher premium levels).
* Call Volume Dominance: 25.8% ($205 strike seeing significant activity).
* Gamma Exposure (GEX): Positive, supporting bullish bias.
Trade Setups:
Bullish Setup:
* Entry: Above $205.50.
* Target: $210.
* Stop-Loss: $202.
Bearish Setup:
* Entry: Below $200.
* Target: $192.50.
* Stop-Loss: $203.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always conduct your own research and manage risks carefully before trading.
Community ideas
DOGE: Now that support got poked through....Sunday flash crash of the markets after the trade war announcements has made things rather interesting. So far, the uptrends have been intact, but some very important support levels have been breached temporarily; for all important markets, including the ES, NQ, BTC, Gold etc. For Doge, there are still a couple of bullish possibilities out there. Until price goes below $.12-$.10 zone, which is the secondary line of defense, higher prices may still be in the future.
Bull counts as of now:
1. 1/2, 1/2 setup. Probably the biggest bull case here. Will be confirmed only with a V recovery and price above $0.5 very quickly. This selloff should be a long wick on a daily, or rather a weekly chart and piece of historical reference. Price target will put Doge to $5 or beyond which should be a massive price explosion.
2. Ending diagonal. This count will be validated if price keeps on falling and slowly bottoms out at the secondary line of defense. Still should make an all-time high eventually but will take some time to grind out the bottom and slowly recover. Should give us $1 Doge but that would be it!
Bear case:
Still on Primary wave 4! That may give us some new lows below $0.08 and crush the hopes and dreams of many! As long as price doesn't fall below $0.018, macro bull market is still alive (maybe barely)! Will reassess if this happens....
Bottom line: Not panicking for one. Market will bounce after a severe selloff. At that point need to take some inventories and adjust.
TUESDAY GOLD BULL ALL TIME HIGH ALERT!🚀 Calling all traders! 🌟 XAUUSD is blazing, smashing records with finesse! 🔥 Here’s the latest:
🔍 XAUUSD Overview: 📊 Engaged in a gripping duel between 2813 and 2823. 🤔 Is a breakout looming?
📉 Bearish Outlook: 📉 Be alert for potential declines if it dips below the range! 🎯 Targets: 2800 & 2795.
📈 Bullish Outlook: 📈 Anticipate buying opportunities if it breaks above! 🎯 Targets: 2830, 2840.
💬 Join the Discussion: 💬 Share your perspectives as we journey through this golden terrain! 🗣️ Let’s reach new heights together! 💼✨
XAUUSD Asia Session Plan Liquidity GrabMarket Overview:
Gold (XAUUSD) recently had a strong bullish push but is now consolidating. The current price action suggests a possible liquidity grab before a move lower.
Key Levels:
Resistance / Supply Zone: 2817 - 2822
Support / Target Zone: 2794 - 2792
Previous Day Low (PDL): 2772
All-Time High Resistance: 2830
📉 Bearish Plan:
1️⃣ Price may push into 2817-2822 to grab liquidity.
2️⃣ Look for MSS/BOS + FVG Retest on M1-M5 for confirmation.
3️⃣ If confirmed, enter shorts targeting 2794-2792.
4️⃣ Final target could extend toward 2772 if momentum continues.
Watch Out For:
If price fails to reach 2817-2822, it might break lower directly.
Avoid early shorts—wait for liquidity sweep + structure shift.
Volume drop before reversal = extra confluence.
Trade Safe! Let the setup come to you.
S&P500 4H Bullish Cross signals rally to 6200.The S&P500 index (SPX) has been consolidating within a Rectangle pattern, which is coming out a MA100/200 Bullish Cross on the 4H time-frame. The identical consoliation phase of July - August 2024 bottomed right after such Bullish Cross and then rebounded towards the 1.382 Fibonacci extension level before pulling back to the 4H MA100 (green trend-line) again.
With the 1D MACD about to confirm the bottom with a Bearish Cross similar to September 04 2024, we expect a strong rally to start by the end of the week and target 6200 (just below the 1.382 Fibonacci extension).
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Lingrid | SOLUSDT possible BULL Trap in the MARKETSBINANCE:SOLUSDT market made a false breakout of the previous resistance zone before dropping significantly. Like many other markets, it sold off and fell below the key psychological level of 200. Although there was a daily long-tailed bar formed at the support level, the price did not test the area below the January low. Thus I think the recent bounce off the support level could be a bull trap. As a result, I anticipate another sell-off that may push the market towards the 150 level, where it could find substantial support and price surge. My mid-term goal is support level at 167
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Stop Loss Mastery: Methods Of Trade ProtectionStop Loss and Take Profit represent the fundamental boundaries of every trade, acting as the cornerstones of risk management in trading. While both are important, Stop Loss carries particular significance and is considered more crucial than Take Profit. In manual trading, implementing a Stop Loss is absolutely essential, whereas Take Profit settings remain optional, offering traders more flexibility in managing their profitable positions. Traders can employ various methods to set their SL levels, and while specific trading systems often dictate their own rules, several universal approaches have proven effective. Let's examine one of the most common methods.
📍 On the Local Extrema
This method offers two primary variations. The first involves placing your Stop Loss relative to the signal candle. For buy positions, you would set the Stop Loss several pips below the minimum of the bullish signal candlestick. Conversely, for sell positions, you would place it several pips above the maximum of the bearish signal candlestick.
The second variation focuses on the last local extreme point rather than the signal candle itself. When opening a buy position, you would position your Stop Loss a few points below the most recent local minimum. For sell positions, you would place it above the most recent local maximum.
However, traders should be aware of a significant drawback to these approaches: their predictability. Market makers and experienced traders can easily identify these common Stop Loss placement patterns on their charts. They often exploit this knowledge by deliberately pushing prices to levels where they anticipate a concentration of Stop Loss orders. After triggering these stops and forcing smaller traders to close their positions at a loss, they frequently allow the price to resume its original direction. This practice, known as "stop hunting," particularly affects retail traders who rely on these conventional placement methods.
📍 Setting Stop Loss by Key Price Levels
When using price levels for Stop Loss placement, traders can take advantage of significant order accumulation points that are naturally more resistant to manipulation. This method requires placing the Stop Loss a few points beyond the key level - below when buying and above when selling.
A key advantage of this approach is that it typically positions the Stop Loss well beyond the last local minimum (for buy trades) or maximum (for sell trades). This strategic placement helps protect positions from premature exits that might occur with simpler Stop Loss methods.
📍 Technical Indicator-Based Stop Loss
The ATR or Parabolic SAR indicator offers a straightforward approach to Stop Loss placement that appeals particularly to newer traders. Its clear visual markers provide explicit guidance for Stop Loss positioning, with traders simply placing their stops at the SAR marker level.
This method offers an interesting advantage: traders can manually adjust their Stop Loss with each new candle formation, creating a flexible alternative to traditional trailing stops. However, like extrema-based stops, indicator-based placement can be predictable and potentially vulnerable to market manipulation.
📍 Stop Loss Based on Fundamentals
Rather than relying solely on pre-set Stop Loss levels, fundamental analysis often guides manual exit decisions. Prudent traders might close positions before significant market events, such as:
• At the end of the American trading session when market activity naturally declines
• Shortly before major economic news releases that could trigger substantial price movements
Some traders incorporate fundamental factors into their Stop Loss calculations. For instance, they might set stops based on average daily price movements for specific currency pairs - like using a 70-pip Stop Loss for FX:EURUSD trades, reflecting that pair's typical daily range.
📍 Advanced Technical Stop Loss Strategies
Beyond basic indicator-based stops, traders can employ more sophisticated technical analysis tools for exit trades. These might include:
• Moving average crossovers
• Stochastic oscillator overbought/oversold signals
These approaches often require active management, with traders monitoring indicators in real-time and executing manual exits when their chosen signals appear.
🔹 Psychological Aspects of Stop Loss Management
The psychological impact of Stop Loss execution presents a significant challenge for many traders. Even when a Stop Loss performs its intended function of limiting potential losses, traders may experience:
• Feelings of personal failure
• Diminished confidence in their trading system
• General market skepticism
• Emotional distress after multiple consecutive stops
🔹 Avoiding Mental Stop Losses
While some traders prefer "mental" stops over actual platform orders, this approach carries significant risks:
• Technical failures could prevent manual exits
• Emotional barriers might delay necessary exits
• Small losses can balloon into significant account drawdowns
To protect against these risks, traders should always implement their mental stops as actual platform orders, ensuring systematic risk management regardless of market conditions or psychological pressures.
This structured approach to Stop Loss placement combines technical precision with psychological awareness, helping traders develop both the skills and mindset needed for successful risk management.
🔹 Additional Position Management Methods
In trading, while Stop Loss and Take Profit orders form the foundation of exit strategies, several sophisticated techniques can help traders optimize their position management. Let's explore these methods that go beyond basic exit orders.
⚫️ Breakeven Stop Adjustment
One of the most psychologically powerful position management techniques involves moving your Stop Loss to the trade entry point, effectively eliminating downside risk while maintaining upside potential. This strategy becomes particularly valuable when price movement has demonstrated strong momentum in your favor.
The conventional approach suggests adjusting to breakeven when the price has moved in your favor by double the initial Stop Loss distance. For instance, consider a trade with a 20-pip Stop Loss and a 60-pip Take Profit target. When the position shows 40 pips of profit (twice the initial risk), moving the Stop Loss to the entry point ensures you won't lose money on the trade while still allowing for further gains.
⚫️ Dynamic Risk Management with Trailing Stops
Trailing Stops represent an evolution in risk management, allowing traders to protect accumulated profits while maintaining exposure to continued favorable price movement. This technique dynamically adjusts your Stop Loss level as the price moves in your favor, essentially "trailing" behind the price at a predetermined distance.
⚫️ Strategic Partial Position Closure
Traders often face a dilemma when price approaches their Take Profit level: should they close the entire position or attempt to capture additional gains? The partial closure strategy offers a balanced solution. When market conditions suggest potential for extended movement beyond your initial target, consider closing a portion of your position (typically 70-80%) at the original Take Profit level while allowing the remainder to pursue more ambitious targets.
This approach becomes particularly relevant when trading near significant technical levels. For example, if you're holding a long position with a Take Profit set below a major resistance level, and technical indicators suggest this level might break, closing most of your position secures profits while maintaining exposure to potential breakout gains.
📍 Conclusion
While numerous exit strategies exist in trading, successful execution requires more than just mechanical application of techniques. True trading mastery emerges from the ability to recognize market context, understand both technical and fundamental factors, maintain emotional equilibrium, and make flexible decisions within established risk parameters.
The journey of becoming a skilled trader involves developing judgment about when to apply different exit strategies. This wisdom comes through experience in the markets, careful observation of price action, and a deep understanding of how different approaches work in varying market conditions. Traders gradually build their expertise by starting with fundamental concepts and progressively incorporating more sophisticated position management techniques into their trading approach.
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
Be careful with bitcoin !!!As you can see, the price is forming two bullish patterns on the 4h timeframe, If my view is correct, btc will rise to $120k .
And if this pattern is correct and breaks, higher targets are possible.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
DOGE - Time to buy again!Buy at 25 cents and sell at 28 and 33 cents . This signal is only valid for 3 days.
Give me some energy !!
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
❗Disclaimer
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Triangle Alert: Netflix Ready To Explode ?📢 Greetings, Fellow Traders!
Wishing you all profitable trades, sharp insights, and unwavering discipline in your trading journey! May your setups be strong, your risk management be solid, and your patience be rewarded.
Markets may be unpredictable, but with the right strategy, mindset, and perseverance, success is always within reach. Stay focused, keep learning, and support each other—because in trading, knowledge and community make all the difference!
Happy Trading & Green Days Ahead! 🚀📈
Netflix (NFLX) | Symmetrical Triangle Breakout Setup | 4H Timeframe-:
Netflix (NFLX) has been consolidating within a symmetrical triangle pattern on the 4-hour chart, signaling an impending breakout. This formation suggests that the stock is in a phase of indecision, where buyers and sellers are battling for control. A breakout in either direction could lead to a strong move, making this an important setup to watch.
📌 Key Levels to Watch:
🔼 Bullish Scenario:
If NFLX breaks above the upper trendline of the symmetrical triangle with strong volume and confirmation, it could trigger a bullish rally. In this case, my first target would be the rising resistance line, which has historically acted as a key barrier for price movement. A successful breakout could indicate continued upward momentum, potentially leading to higher levels.
🔽 Bearish Scenario:
On the downside, if the price fails to hold the horizontal support level and breaks below the lower trendline of the triangle, it could lead to further downside pressure. In this case, I would anticipate a move toward the previously identified target zone, where buyers might step in to provide support.
📊 Trading Plan:
Breakout Confirmation: I will wait for a strong close above or below the triangle or horizontal support zone with increasing volume to confirm the breakout direction before entering a trade.
Risk Management: Stop-loss placement will be crucial to manage risk effectively. For a long position, I would place a stop-loss just below the breakout point, and for a short position, I would place it above the breakdown level.
Price Action Monitoring: I will closely watch how the price reacts around the breakout level and key resistance/support zones. A retest of the breakout level with strong buying/selling pressure could provide additional confirmation.
This setup presents a high-probability trade opportunity, but patience is key. Will Netflix break out to the upside and continue its bullish trend, or will it break down and test lower levels?
Let me know your thoughts in the comments!
Best regards-: Amit
Could the price reverse from here?GER40 is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 21,531.47
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 21,816.31
Why we like it:
There is a pullback resistance.
Take profit: 21,158.29
Why we like it:
There is a pullback support level.
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USDT DOMINANCE Update (8H)Wave G extended, and the market maker executed the worst-case scenario.
As it hit the resistance zone, a very heavy rejection is expected. Keep in mind that reaching the lower green zone will take several months, with significant fluctuations along the way, but it seems to be following the yellow circle.
Both Tether dominance and Bitcoin dominance have reached important levels. For now, the focus should be on looking for buy/long setups on altcoins over the coming months.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Gold Wave 5 Bull Complete?!We previously mistook the $2,790 peak as the Wave 5 high which was wrong. We have re-counted the wave analysis & updated accordingly!
Gold is currently in its Wave 5 bull run which should be ending soon. Drop down to the lower TF’s to look for a change in market structure to bearish, before entering sell’s.