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Scalping ! sideway - accumulation below 2655⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: President-elect Donald Trump's planned tariffs and protectionist measures are anticipated to drive inflation and disrupt global trade, boosting demand for safe-haven assets like Gold. On Sunday, Ukraine launched an offensive in Russia's western Kursk region, where Russia’s Defense Ministry reported Ukrainian losses of up to 340 soldiers. Meanwhile, Israel's ongoing strikes on Gaza show no signs of slowing, and the Israeli military confirmed it has carried out operational raids in Syria amidst allegations of cease-fire breaches. ⭐️Personal comments NOVA: Sideway price range 2630-2655, gold price accumulates. Resistance 2655 waiting for correction ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2652 - $2654 SL $2657 scalping TP1: $2647 TP2: $2640 TP3: $2630 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
3
ES - bearish setup The overnight push up was shaped as abearish ascending flag Watch the 50% retracement of the Monday decline = 6,036.25 Remember, 6,032.25 is the Weekly resistance Bears have a setup to drive ES down to 5,987 with possible extension down to 5,972 I would not be surprised to see first a fake breakout of that flag tagging 6,036, the 50% retracement then brutal bearish reversal followed by a break under the lower blue trend line A failed breakout is the best trigger / catalyst of a bearish leg to a lower low The key level of support for this morning is 6,007
CME_MINI:ES1!Short
by CastAwayTrader
SCALPING GOLD ! Downtrend trendline, confluence 2638⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: The US Dollar’s (USD) retreat from its highest level since November 2022, reached last Thursday, along with ongoing geopolitical risks and trade war concerns, may help cushion gold prices. Additionally, traders are likely to remain cautious and avoid taking strong positions ahead of key US economic data this week, including Friday’s Nonfarm Payrolls (NFP) report. Furthermore, the release of the December FOMC meeting minutes on Wednesday is expected to significantly impact USD trends and provide fresh direction for XAU/USD. ⭐️Personal comments NOVA: Downtrend at the beginning of the week, gold price formed a DOW bar on short-term M15, M30 frames. Waiting for retest entry to sell 2638 ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2638 - $2640 SL $2643 scalping TP1: $2634 TP2: $2628 TP3: $2620 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
1
ULTRATECH FUT BEARISH VIEW at closing price on 6th Jan 2025Here I am sharing my views on Ultratech Cement Futures Chart. A) There is a STRONG SUPPLY ZONE at 11,800 - 11,900. B) There is Mild to Moderate Demand Zone at 11,400 -11,300. C) RSI with SMA: In today's trading session RSI crossed it's 50 mark level and turned bearish - RSI is now below it's SMA (Bearish) D) If we observe today's candle properly, we can sell initial rise towards supply zone and price corrected sharply from mentioned supply zone, thick body and short wicks adds weakness in Ultratech Cement Chart. E) prices may hold at 11,400 - 11,300 levels, once this level is broken we can see sharp decline towards next Demand Zone, which is also our Target. F) Target 1: 11,400 -11,300 Target 2: 10,800 - 10,650 This is only my attempt to predict Ultratech Cement, I do not recommend trading or investing based on above study.
NSE:ULTRACEMCO1!Short
by sharescomplex
1
FIL/USDT Shorting the Surge !This setup presents a strong short opportunity due to several factors. The large green candle signals a sharp, likely overextended price move, which often retraces to fill the gap. Rejection from the resistance level near 6.305, evidenced by the upper wick, indicates selling pressure and bearish sentiment. Coupled with a favorable risk-to-reward ratio, this trade capitalizes on the likelihood of a corrective pullback following the aggressive upward move.
Short
by wolfchemist
2
Short Bitcoin (BTC) (For Study Purpose Only)Short Recommendation Entry Level: Below $94,000 Stop Loss (SL): $111,111 This surge has been largely attributed to President-elect Donald Trump's pro-cryptocurrency stance, including promises of deregulation and the establishment of a national strategic Bitcoin reserve. However, concerns are emerging regarding Bitcoin's current valuation. Analysts warn that the market may be overheating, with some predicting a potential correction of up to 35%. COINTELEGRAPH Additionally, Federal Reserve Chair Jerome Powell has stated that the U.S. central bank cannot hold Bitcoin, which has introduced uncertainty into the market. This analysis is for educational purposes only. Always consult your financial advisor before making any investment decisions. Cryptocurrency trading involves significant risk, including the potential loss of capital. Ensure to evaluate your risk tolerance and conduct thorough research.
BITSTAMP:BTCUSDShort
by KSLBroking
Starbucks Corporation: Elliott Wave Correction Unfolding [SHORT]NASDAQ: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.
NASDAQ:SBUXShort
by Whisperwave
End of 2024! Gold is still in a downtrend⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) remain steady on Monday after two days of losses, with trading volumes thin. The precious metal is poised to close the year with an impressive 27% gain, marking its best annual performance since 2010. This surge has been fueled by central bank purchases, escalating geopolitical tensions, and monetary easing measures by major central banks. Gold held its ground as markets absorbed signals of a hawkish Federal Reserve (Fed). Strong labor market data and stubborn inflation have led the Fed to project fewer rate cuts for 2025. This expectation contributed to a modest decline in Gold prices during the fourth quarter. ⭐️Personal comments NOVA: Gold moves around the 2600 price zone, ending the year here and the downtrend is dominant ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2617 - $2619 SL $2624 TP1: $2610 TP2: $2600 TP3: $2590 🔥BUY GOLD zone: $2584 - $2586 SL $2579 TP1: $2590 TP2: $2600 TP3: $2608 ⭐️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
OANDA:XAUUSDShort
by Nova-Scalper
6
Possible inverted "Cup with Handle" pattern in Nifty 50Possible further downside in Nifty 50 The chart seems to display an inverted cup and handle pattern, a bearish formation that often signals a potential downside. The MACD line is crossing below the signal line and approaching the zero line from the positive territory, signaling weakening bullish momentum. The index is currently testing the lower boundary of a rising channel. A breakdown below this trendline could exacerbate the bearish trend. If you're trading, consider monitoring the 23,500 level closely. A breakdown below this would likely confirm the bearish pattern and lead to sharp declines.
NSE:NIFTYShort
by shekharvsingh1
ETH H&S Insight: Confluence Aligns for January ReversalOverview On the higher timeframes, ETH is in the process of forming a Head and Shoulders (H&S) pattern. The left shoulder and head are already complete, with price currently downtrending to form the right shoulder. Following an impulsive bullish run to take out the highs, ETH has faced two rejections at those levels, initiating a corrective move lower. Key Technical Levels and Confluences 1. Support Zone for the Right Shoulder Formation Primary Target Level: $2800 (aligned with the left shoulder structure). Support Zone: $2941.12–$2812.7 (a highly confluent range for long positions). 2. Anchored VWAP Analysis Anchored VWAP from the 12th October 2023 low is currently positioned at $2900, offering dynamic support and aligning with the left shoulder’s structural low. 3. Fibonacci Retracement Levels (From the Impulse Wave) Fib 0.666: $2941.12 Fib 0.702: $2877.99 Both levels fall within the support zone, reinforcing its importance as a high-probability area for reversal. 4. Fibonacci Extension Levels From the Current Range: Fib Extension Target: $2812.7, precisely aligning with the key level of $2800. From the Higher Trading Range: Fib 2 Extension: $2893, offering additional confluence with other levels in the support zone. 5. Fibonacci Speed Fan Drawing the Fibonacci Speed Fan from the 6th September 2024 low to the 16th December 2024 high, the Fib 0.7 level intersects at $2900. This confluence is projected to align with price action on 9th–10th January 2025, adding a temporal element to this setup. 6. Psychological Level The $3000 level represents a strong psychological barrier. While the primary support lies lower, price could find an early reaction at this level. Trading Plan: Long Setup for the Right Shoulder Support Zone: $2941.12–$2812.7 Primary Trade Setup: Place long positions within the support zone, focusing on the confluence of levels for a higher-probability reversal. Scaling Strategy: Employ a Dollar-Cost Averaging (DCA) approach to gradually build a position. Consider initial entries at $3000 as a psychological bounce is possible. Confluence Highlights: Anchored VWAP at $2900. Fibonacci retracement levels (0.666 at $2941.12 and 0.702 at $2877.99). Fibonacci extension targets (current range: $2812.7, higher range: $2893). Fibonacci Speed Fan (0.7 level at $2900). Historical structural alignment with the left shoulder at $2800. Conclusion ETH is approaching a high-confluence support zone between $2941.12–$2812.7, making it an attractive area for long setups to complete the Head and Shoulders pattern. Utilising a DCA strategy and scaling into positions ensures optimal risk management. Early entries around $3000 could also yield opportunities, as this level holds psychological significance.
COINBASE:ETHUSDShort
by SiDec
1