SPX Technical Analysis BreakdownHere is my technical breakdown of SPX on the 4 HOUR time frame...
We started the month of May with an up-trend trend line bounce on a key support level which saw SPX climb slightly passed the support zone to surpass another key zone
After this climb, we saw it accumulating in a RANGE from 14th May - 29th May, where it eventually broke to the downside. Normally this is a trade we would enter as it's a big volume range break, however, it broke downwards to touch a key support zone. In my experience this is NOT a trade worth taking as they are opposite confirmations.
Later in July we finally got the RANGE trade we were looking for, when 17th June - 5th July we saw it's ACCUMULATING RANGE break with large volume to the UPSIDE. This trend was worth entering as it was heading towards a key resistance area, a great place to exercise your exit strategy.
Once SPX hit the key resistance zone it bounced off and formed a downward trend line that would also be hit later down the line, confirming its relevance.
When SPX hit the resistance line it found plenty of BULL TRADERS on the key SUPPORT level and bounced back up to touch the key RESISTANCE level on 20th AUGUST, where once again it touched the downward trend line.
WHAT TO LOOK FOR NOW -
I'm watching to see if SPX enters the resistance zone and breaks the trend-line and exits the zone, that's two confirmations for an uptrend which makes me confident in the long trade.
On the other side, i'm waiting for the trend to retest key support zones where I will be waiting for a key zone breakout or bounce back to the resistance level.
Shortsetup
BITCOIN UPDATE - NOT Yet BullishHello guys,
Current BTC position: SHORT
Sorry, I have been busy trading the Indian stocks and options and not trading a lot of Crypto after the recent WazirX exchange Hack!
On 4H time frame the BTC is still not in the bullish zone.
Bullish confirmation is only above the price $62,000
Support and resistance levels have been marked on the chart for your reference.
ZM - Pandemic Era ShortShort Position on Zoom
2019 was a memorable year, highlighting our deep desire for connection in a world of hyper-connectivity via the internet. Reflecting on the pandemic-era stock market, Zoom stands out as a company that experienced exponential growth. However, it is rare for a business to dominate a single sector without diversifying into different segments or niches. For instance, Microsoft excels in multiple areas, including computers, government contracts, tangible assets, partnerships, Office, and a reputable brand, which arguably justifies another decade of growth due to its brand value alone.
In contrast, Zoom, often referred to as a “pandemic darling,” has clients and appears poised for growth. However, it faces intense competition for market share from WebEx, Microsoft Teams, BlueJeans, Skype, and Cisco. The video conferencing space is highly saturated, raising the question of what makes Zoom’s stock so valuable.
Given the current market sentiment, I propose a short position on Zoom. My strategy includes a stop loss at $65.50 to manage risk and a profit target at $50.00 for the long term. This approach leverages the competitive landscape and investor sentiment to capitalize on potential declines in Zoom’s stock price.
STOP TGT - 65.50
PROFIT TGT I - 50.00
PROFIT TGT II - Sub 45.00 till bust
Breakout or breakdown? I'm SHORT here is whyHi fellow traders,
In this idea I have drawn daily supply and demand zones, although the zones of interest exist out of large ranges I think the combination of approaching both a long- and short-term supply zone and a forming rising wedge we are looking at a rejection from the 1h supply zone level.
I will wait on the lower timeframe to confirm the rejection, ideally have a bounce of the bottom of the rising wedge acting as resistance.
What do you think? Are we going to breakdown or breakout?
Happy trading ^^
REACHED ATH !! XAU accumulates waiting for FOMC today⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) hit a new record high around $2,531-$2,532 on Tuesday, driven by expectations that the Federal Reserve (Fed) will soon begin easing its policy. Markets are increasingly betting on a 25 basis point rate cut in September, boosting demand for gold. Dovish Fed expectations also pushed down US Treasury yields and weakened the US Dollar (USD), with the USD Index (DXY) dropping to a seven-month low, further supporting gold.
Additionally, a slight pullback in US equity markets contributed to gold's rise. However, optimism about easing tensions in the Middle East limited further gains for XAU/USD. Investors remain cautious, waiting for Fed Chair Jerome Powell's speech at the Jackson Hole Symposium on Friday and the July FOMC meeting minutes for more clues on the Fed's policy direction, which will influence USD demand and gold's next move.
⭐️ Personal comments NOVA:
Gold price reached ATH 2530 according to FIB H4, continue to accumulate and wait for FOMC data today, possibility of sideway, correction decrease
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2485 - $2487 SL $2480
TP1: $2495
TP2: $2503
TP3: $2510
🔥SELL GOLD zone: $2533 - $2535 SL $2540
TP1: $2520
TP2: $2505
TP3: $2480
⭐️ 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
- The winner is the one who sticks with the market the longest
Monday - slight adjustment down XAU ⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) surged to a new record above the $2,500 mark on Friday, supported by several factors. The US Dollar (USD) faced renewed selling pressure, dropping near its lowest level since January, which boosted gold. Additionally, ongoing geopolitical risks from the Middle East conflicts and the prolonged Russia-Ukraine war further lifted the safe-haven metal.
On Monday, easing recession fears in the US supported a risk-on sentiment, putting some pressure on gold during the Asian session. Traders are also cautious, waiting for more clarity on the Federal Reserve's (Fed) policy direction before making significant moves. Attention now turns to the release of the FOMC meeting minutes on Wednesday and Fed Chair Jerome Powell's speech at the Jackson Hole Symposium.
⭐️ Personal comments NOVA:
Gold has made new progress in the price increase, over 25xx. The possibility of new ATH price zones appearing is very high, in the context of military tension and upcoming interest rate cuts.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2488 - $2490 SL $2485 scalping ( Asian and European trading sessions )
TP1: $2495
TP2: $2502
TP3: $2510
🔥BUY GOLD zone: $2474 - $2476 SL $2469
TP1: $2485
TP2: $2500
TP3: $2510
🔥SELL GOLD zone: $2530 - $2532 SL $2537
TP1: $2520
TP2: $2510
TP3: $2500
⭐️ 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
- The winner is the one who sticks with the market the longest
Accumulating price zone - Gold has great momentum to increase⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) struggled to build on the previous day's gains, edging lower during Friday's Asian session. However, the downside appears limited. The positive mood in global equity markets is putting some pressure on the safe-haven metal. Even so, concerns about a potential Middle East conflict and expectations of an upcoming rate cut from the Federal Reserve (Fed) should help keep gold's losses in check.
Dovish Fed expectations have led to a slight pullback in US Treasury yields, preventing the US Dollar (USD) from fully capitalizing on Thursday's strong US economic data. This supports gold prices. Despite the dip, XAU/USD is still on track for modest weekly gains as traders await US macro data, including Building Starts, Housing Permits, and the Preliminary Michigan Consumer Sentiment Index, for further cues.
⭐️ Personal comments NOVA:
Gold price stuck in short-term sideways range 2425 - 2475, accumulating until September interest rate announcement
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2438 - $2436 SL $2433 scalping
TP1: $2442
TP2: $2450
TP3: $2460
🔥BUY GOLD zone: $2424 - $2422 SL $2417
TP1: $2430
TP2: $2440
TP3: $2450
🔥SELL GOLD zone: $2498 - $2500 SL $2505
TP1: $2490
TP2: $2480
TP3: $2470
⭐️ 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
- The winner is the one who sticks with the market the longest
SOLUSDT & BTCUSDT, Thu 15 Aug, Prepare for NY or Pm Sessions!My Range of price of Both showed in chart!
I expected , the price rise up and reach to oone of these FVG`s and
Then start to downward!
I am ready for this, I will only trade SOLUSDT and get confirmation from
BTCUSDT`s Price !
Try to up to date my idea after 9:30!
What do you think?
Please share your comments and ideas with me!
Happy Trade!
CPI - Can Gold Price Surpass ATH?⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) faced fresh selling after a brief rise to the $2,472-2,473 area during the Asian session and fell for the second consecutive day on Wednesday. A positive mood in the equity markets is drawing investors away from the safe-haven metal. Additionally, some traders are adjusting positions ahead of the key US consumer inflation data, set to be released later today.
However, concerns about a broader Middle East conflict and expectations of a dovish Federal Reserve (Fed) should help limit further losses. Tuesday's data indicated that inflation is slowing, increasing the likelihood of deeper Fed rate cuts, which keeps the US Dollar (USD) near a one-week low and could provide some support to gold, making aggressive bearish moves risky.
⭐️ Personal comments NOVA:
Need to surpass ATH 2482, Gold price needs to create more liquidity, needs an adjustment period to continue increasing. CPI today, experts' expectations for Gold to decrease more
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2441 - $2439 SL $2434
TP1: $2455
TP2: $2470
TP3: $2485
🔥SELL GOLD zone: $2485 - $2487 SL $2490 scalping
TP1: $2480
TP2: $2470
TP3: $2460
🔥SELL GOLD zone: $2500 - $2502 SL $2507
TP1: $2490
TP2: $2480
TP3: $2470
⭐️ 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
- The winner is the one who sticks with the market the longest
BTC to 34,200 - But that’s not the bottom I anticipate Bitcoin to drop a correction sequence - 34,500 level as a first low
From here, we should watch for a major resistance to hold around 43,000 - this indicates a further drop to the 10,000 level
If Bitcoin drops at speed we know why - DXY is seeing a major breakdown and bearish retest. This indicates an extended 1-2 year bull market - prior to which to market has interest in recollecting liquidity at these ultra lows
This is my take on the market and has been for months. I expect this to happen in the short term timespan
HOOKUSDT Long and Short analysis / be ready for 15% price move!BINANCE:HOOKUSDT
CRYPTO:HOOKUSD
Hello Traders, At first, I was bearish on HOOK. but when the price spikes above my indicated area, I am looking for a bearish entry setup. 🎯
💥📉HOOKUDST is near important are,
as long as the price is above 0.432 area, the Bullish scenario is active. If the price stabilizes below the 0.42 level, the bearish scenario will be activated.📈💥
#BTCUSDT.P Daily trades//Bitcoin scalp setup X10# hello TRADERS , hope you’re doing well
here is a wonderful scalp entry
BTC just reached an high OB short, the correction was realy deep wich represents an amazing opportunity
**** this position is lower-timeframe Based
######### POSITION SETUP ########
recommended leverage: X10
ENTRY POINT :61308
SL:61552
TP:59675
### Not financial advice disclaimer ###
#You can use leverage at your own responsability and according to your risk management strategy
## remember to stay informed and make decisions based on your own research. always, trade with caution
## Do not forget to put Stop loss for your positions
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