Trade the Crude OIl Range Shorts and Longs Crude oil perspective going into Inventories data highlighting solid levels for longs and shorts
Shortsetup
Bitcoin TA Alert: Perfect $97K Long Setup Incoming?Bitcoin remains range-bound between $107K and $100K as we approach the weekend. Let’s break down the current key levels and trade setups based on the data available.
Support and Long Setup
The GETTEX:97K level emerges as a strong support zone for a long trade setup:
0.618 Fibonacci retracement from the recent swing low to high aligns perfectly at GETTEX:97K
The POC (Point of Control) from the 70-day trading range also sits at this level, adding confluence
If the price reaches GETTEX:97K by Sunday or Monday, the trendline support will further strengthen this zone
A laddered long position can be placed around GETTEX:97K , with:
Stop-loss: Below $93K
Take Profit: around $113K
Risk-to-Reward (R:R): 4:1 - an attractive trade setup
Resistance and Short Setup
For the short trade setup, the current price around $106K offers an opportunity:
Enter a short trade targeting the GETTEX:97K level
Stop-loss: Above the all-time high (ATH) at $107K
Take Profit (TP): GETTEX:97K
R:R: 2:1 - reasonable given the tight risk management
SOL Trade Setups: Key Levels to Watch for Big Moves!Solana has been on an impressive run, hitting a new all-time high (ATH) at $295. The previous ATH from 2021 at $260, along with the recent swing high of $264.63 (December 2024), are now acting as key resistance levels. Bulls are struggling to break above the $260 range and we’re seeing some bearish control as SOL trades below the weekly open, never a great sign for upward momentum.
Short Trade Setup
It’s looking like SOL could be in an ABC pattern, working on wave C. Here’s a potential short trade setup:
Entry: Around $260 if price revisits that zone.
Stop Loss: Above $270.
Take Profit: $220, where strong support lies.
R:R Ratio: About 3:1.
If you’re already short, congrats! If not, $260 could be your next chance to jump in.
Support Zone and Long Setup
There’s plenty of support stacking up between $220 and $217, making it a great zone to consider for a long position:
Point of Control (POC): At $218.50, from the November-January range
Fib Levels:
The 0.786 trend-based Fib extension is at $220.23
The 0.618 retracement (low of $169 to high of $295) is at $217.27
EMAs: The 200 and 233 EMAs on the 4H chart line up nicely with the $217 level
Channel Support: The median line from $264 to $169 also lands around $217
Long Setup Plan
Entry: Ladder longs between $220 and $217
Stop Loss: Below $217, maybe around $214
Take Profit 1: $239 for a mid-range bounce
Take Profit 2: Move your SL to entry and let the rest ride for bigger gains
Patience is Key
Whether you’re waiting for $260 to short or $220 to long, the setups are there, now it’s about watching the levels and being patient. Both trades offer solid risk-to-reward ratios, so no need to rush in.
Stay ready and let’s see how this plays out!
Starbucks Corporation: Elliott Wave Correction UnfoldingNASDAQ:SBUX
Overview:
Starbucks is in the midst of an Elliott Wave corrective structure, likely entering the C-wave of an ABC correction. The bearish momentum suggests that the correction isn't complete, presenting an opportunity to short as the structure completes.
Elliott Wave Analysis:
Wave A: The initial impulsive wave down broke key support levels, signaling the start of a correction. This wave exhibited strong bearish momentum.
Wave B: The corrective upward retracement faced resistance near $93.12, forming a potential lower high and respecting the descending channel. With failure to break out above $94, this wave has likely concluded, paving the way for the final corrective wave.
Wave C: Currently forming, this wave is expected to extend toward lower Fibonacci retracement levels, targeting $88.71, $84.29, and $79.88. The typical symmetry in Elliott Wave corrections suggests that Wave C may equal or exceed the length of Wave A.
Key Trading Levels:
Entry: $93.12 (near the end of Wave B).
Stop Loss: $94.00 (just above Wave B resistance).
Target 1: $88.71 (38.2% Fibonacci extension of Wave A).
Target 2: $84.29 (61.8% extension and channel support).
Target 3: $79.88 (full measured move of Wave C and strong support).
Trading Strategy:
Short Entry: Look for confirmation of rejection near $93.12. This aligns with the conclusion of Wave B and the start of Wave C.
Risk Management: Place a tight stop-loss at $94, above the resistance line formed by Wave B.
Profit-Taking: Scale out of positions as price approaches each Fibonacci target and key support zones.
Additional Notes:
The Elliott Wave correction is part of a broader descending wedge structure. A decisive breakdown could trigger a stronger bearish continuation.
Confluence of technical factors (Fibonacci levels, trendline resistance, and Elliott Wave symmetry) supports the bearish scenario.
Monitor volume and RSI for divergences to confirm the wave progression.
Disclaimer:
This analysis is for informational and educational purposes only and should not be considered as financial advice. Trading and investing involve significant risks, and you should consult with a qualified financial advisor or conduct your own research before making any investment decisions. The author is not responsible for any financial losses or decisions made based on this analysis. Always trade responsibly and within your own risk tolerance.
DEEP Key Levels - Weekend Trade SetupsDEEP has been consolidating in a 6-day trading range and as we move into the weekend, lets look at the setups.
Short Trade Setup
Resistance Zone: The 0.786 Fibonacci retracement aligns with the POC of the 6-day range at $0.304, making it an ideal short entry
Target: The 0.618 Fibonacci retracement at $0.208, where liquidity has built up below
Risk-to-Reward (R:R): This short offers an impressive 10:1 R:R if the setup plays out
Long Trade Setup
Support Zone: The 0.618 Fibonacci retracement at $0.208 also serves as a key support level
Anchored VWAP from the recent highs provides additional support near this level
Stop Loss: Stop just below $0.195
Take Profit: TP at round 0.24
What will be the next trend of EUR/USD ?🔆The EUR/USD pair is being influenced by a number of economic and political factors, leading to significant volatility in recent times.
🔆 Technical Analysis:
The EUR/USD pair is currently in an uptrend, with the price trading above both the 34 EMA and the 89 EMA, suggesting a bullish bias in the short term. The next resistance level is identified at 1.0530 as the 1.618 Fibonacci line intersects the resistance zone; if the price reaches this level, a corrective rally is expected.
🔆 Fundamental Analysis:
A trade war between the US and Europe could push the euro to parity with the US dollar. New tariffs from the US could further weaken the eurozone economy, putting downward pressure on the euro.
The US dollar is expected to maintain its strength against the euro as the US Federal Reserve (Fed) may cut interest rates more gradually than expected as President Trump's policies may increase inflation.
🔆 Conclusion:
The trend of the EUR/USD pair in the coming period will depend on the developments of the above economic and political factors. Forecast Traders should closely monitor key support and resistance levels, along with macroeconomic information and monetary policies from both sides to make appropriate trading decisions.
Thank you for reading my comment: "FM"
BTC/USDT bearishBitcoin got rejected hard from the resistance shown, we may see it back in 92k if it stayed under the resistance and didnt break it for some fundamental things
SHORT AUDUSDI'm looking for further movement to the downside on AUDUSD, targeting a price level of 0.59784. Price has been bearish since October of last year. There is still a key level residing below 0.59815 that would be of interest to seek out if downside momentum continues. Volume has been decreasing as price started its retracement from 0.61311, price traded back into a fair value gap and proceeded to close below it. I'm currently in a short position, this is a swing trade. Patience is all is takes, let's see if price continues to trend bearish. Let me know your thoughts if it differs from my perspective.
TRUMP PRESIDENTIAL OATH GOLD SIGNAL ALERT!Hey All Traders:
Tomorrow Monday market open and due to BANK holiday in US gold possible move sideways.
for now Gold strong supply zone at 2713 to 2716 are valid for entry for short.
target of MONDAY signal 2690 and my second target is 2685 after this point hit gold will buy and mark a new ATH.
GOLD fall in this week because TRUMP sit on PM house and news is good for US currency so GOLD will fall and big drop coming in market.
Gold falls on inauguration day of TRUMP⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Last week's softer-than-expected US inflation data could support Gold prices by fueling speculation of more than one rate cut by the Federal Reserve (Fed). Traders are now looking ahead to President-elect Trump's inauguration on Monday for insights into the executive orders he plans to issue. "Uncertainty surrounding the policies President Trump will implement has been one of the factors supporting Gold," noted David Meger, Director of Metals Trading at High Ridge Futures.
Moreover, ongoing geopolitical tensions in the Middle East and the Russia-Ukraine conflict continue to drive safe-haven demand for Gold. According to The Guardian, the Russian military captured two additional settlements in eastern Ukraine's Donetsk region on Saturday, marking the latest progress in its westward advance.
⭐️Personal comments NOVA:
Gold short term down around 2700 area, sideways and waiting for new economic policies of the trump administration
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2678 - $2676 SL $2671
TP1: $2685
TP2: $2693
TP3: $2700
🔥SELL GOLD zone: $2716 - $2718 SL $2723
TP1: $2710
TP2: $2700
TP3: $2690
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
USOIL Short Setup: Key Zone to WatchUSOIL is testing a significant resistance zone around the 78.00 level, an area where price previously faced strong selling pressure. Current price action suggests potential exhaustion, with signs of rejection visible.
If sellers take control, a pullback toward the 76.01 level, acting as the first key support, could be in play. Traders should look for bearish confirmation, such as reversal candlestick patterns or breakdowns below recent lows, to position for a potential short move.
USDIDR - Short Opportunity from resistance zonePEPPERSTONE:USDIDR is testing a significant resistance zone that has consistently reversed bullish trends into bearish moves. The recent bullish push into this area suggests potential selling opportunities.
I personally anticipate a move toward 16,215.2.
On the other hand, a break above this resistance could indicate a shift in sentiment.
Traders should monitor this zone closely and wait for confirmation before entering short positions. If you have any thoughts on this setup or additional insights, drop them in the comments!
GbpCad Short biasFirst trade set-up of the week. I'm looking to short from 1.76637. that's my poi. Till we clear previous week low which is Monday low 1.74561
That zone is interesting cause it is within an old week imbalance. Hence price would always be moved by Imbalance and Liquidity.
Please boost if you find this insightful 🫴
AUDCAD BAT PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
How EUR/USD is affected by President Trump's high tariffs ?Comment:
EUR/USD continues its downtrend. On the daily chart (D1), EUR/USD is in a long-term downtrend. Recently, the pair tried to correct higher but met strong resistance at 1.0340, after which it fell back.
On the 4-hour timeframe (H4), the downtrend is also clear. The recent upward correction stopped at the resistance at 1.0335. The trading plan on H1 favors short positions
Currently, the pair is consolidating at 1.0300. The market is waiting for the first policies of the new President D. Trump on Europe
Trump's tariff policy often creates a volatile trading environment for the EUR/USD pair. If D. Trump imposes high tariffs on European goods, the USD may benefit in the short term if investors seek safety. However, in the long run, if trade tensions cause more damage to the US economy than to Europe, the USD could weaken, creating an opportunity for the EUR to rise.
Thank you for reading my comment: "FM"
Gold SIDEWAY and correction down next week✍️ NOVA hello everyone, Let's comment on gold price next week from 01/20/2025 - 01/24/2025
🔥 World situation:
Gold prices dipped late in the North American session but are still on track to end the week with gains of over 0.40%, as markets anticipate the inauguration of US President-elect Donald Trump. Currently trading at $2,701, down 0.44%, the yellow metal remains a preferred choice for investors amid political uncertainty.
Geopolitical tensions and US political developments continue to influence Gold’s performance. Despite steady mid-term US Treasury yields, Gold buyers were unable to drive prices higher for additional gains before the weekend.
🔥 Identify:
Gold hits large-frame resistance 2724, weakens and corrects short-term decline. Market awaits new economic policies of President Trump
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2724, $2748
Support : $2662, $2633
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Trading opportunity for CFXUSDTBased on technical factors there is a Sell position in :
📊 CFXUSDT
🔴 Sell Now
🪫Stop loss 0.1777
🔋Target 0.1450
📏 R/R 2
💸RISK : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
Short Bitcoin Now! Perfect entry for a short on this BTC trade.
Not financial advice.
This is what I am trading per this bearish trendline pre-Trump week.
You won’t be disappointed
ADA|USDT 1H Timeframe Distribution Sweep 1 Day LiquidityI have 2 chance to go up side but missed one chance due to my absent. The last chance I got and make 1:6 Ratio safe trade towards 1 Day liquidity. Now Structure seems to be a distribution setup to go down and grab all the liquidity left behind. There is an opportunity to go short until it takes necessary liquidity to go upside.
Bitcoin's Next Move: Weekend Trade Opportunities! Bitcoin has enjoyed an impressive rally over the past four days, but as we approach the weekend, price action is encountering some resistance levels, presenting potential short opportunities.
Resistance Zone and Short Setup:
The resistance zone lies between $104,464 (Fib 0.786 and Weekly Level) and $106,176 (Fib 0.886 and Daily Level). This range offers a low-risk shorting opportunity with clearly defined targets.
1.) Short Entry #1: Weekly Level at $104,464 (Fib 0.786)
Stop Loss: Above $107,000
Take Profit: Around $101,000 - $100,000 (Psychological Level)
Risk-Reward (R:R): ~1:1
2.) Short Entry #2: Daily Level at $106,176 (Fib 0.886)
Stop Loss: Above $107,000
Take Profit: Around $101,000 - $100,000 (Psychological Level)
Risk-Reward (R:R): ~4:1
Support Zone and Long Setup:
The support zone lies between $101,058 (Fib 0.618 of Current Wave) and $99,521 (Fib 0.382 of Entire Wave). Within this range, a laddered long position can be constructed for a high-probability trade setup.
Long Entry: Between $101,058 and $99,521
Stop Loss: Below $98,500
Take Profit: Around $103,000
Risk-Reward (R:R): ~2:1
Confluences for Support Zone:
Anchored VWAP: Projected support around $100K, reinforcing the psychological significance of this level.
Psychological Level: 100K
Fib Retracement: 0.618 + 0.382
Fib Speed Fan (0.5): The speed fan aligns with support near $100K, depending on timing.
Value Area High (VAH): The VAH of the range strengthens the case for the support zone and long setup.
HBAR’s Next Support and Resistance TargetsHBAR hit a key high at $0.3922 but faced rejection, suggesting the formation of a trading range or a potential ABC corrective structure. A developing head and shoulders pattern further signals possible bearish momentum in the short term.
Key levels and trade setups:
Short Setup:
Entry: Around the 0.618 Fibonacci retracement of the current wave
Stop Loss: Above the $0.3922 key high
Take Profit: Targeting the Fib Retracement 0.382 at $0.34356
R:R: A favorable 5:1 if taken from the 0.618 retracement or 2:1 when entering after losing the dOpen
Support Zone:
Anchored VWAP, weekly level and Fibonacci speed fan 0.618, depending on timing, align near $0.34356–$0.33284. This confluence provides a robust area for potential price bounces.
Long Setup:
Entry: Within the support zone, contingent on bullish confirmation
Stop Loss: Below the support zone
LTC Trade Zones: Short or Long?LTC has been making some moves recently, with a solid rise getting close to a key high. But the current price action hints at an ABC corrective structure, so a pullback could be on the way.
Short Setup:
Entry: Between the 0.618 and 0.786 Fibonacci retracement of the current wave
Stop Loss: $141.4 (the previous high)
Target: $130.7
R:R: About 2:1
Long Setup:
Entry: Around $130, with confirmation
Stop Loss: $126.45
Targets:
First at $134
Second at $147 (the key high)
R:R: A nice 5:1 potential
Why These Levels?
The $130 support zone lines up with the 1:1 Trend-Based Fibonacci Extension ($130.29)
It’s also near a previous swing high, adding more weight to it as a strong level
Plan:
If price moves into the retracement zone, a short trade targeting $130 makes sense
If it hits the $130 support and shows strength, a long setup targeting $134 and $147 could be a great play
$NVO more pain ahead! Headed down to $46-55 - NYSE:NVO was one of the hottest stocks of 2024 is now facing immense challenges by other healthcare companies in weight loss drug.
- With weak results, it sets up for disappointment for 1-2 quarters. Quick turnaround in experiments isn't feasible and would need considerable time to show promising results.
- It's better to put it on watchlist, attend earning call however it is likely that it might underperform FY 2025 or alteast first half of FY 2025.
