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Polygon|The possibility of a BEARISH trendHello guys, I hope my analysis was useful for you. This is my overview of Matic, check it out if you like. Last week we expected more growth from the support zone, which invalidated our target areas with a strong bearish lag. Now the upward trend that came in the form of a channel is placed on a support area. I expect that with the breaking of this downward channel and the stabilization of the price below the support area, Metic will enter a downward trend, which will first experience the support area of 0.62 and then continue its decline until the price of 0.52. .
MShort
by Golden_Star1994
XAUUSD Last rally of the year before the crash!The analysis gold price (XAU/USD) highlights several key factors influencing its market behavior. I will examine each element and assess its impact: Gold Price Movement: The gold price has increased, reaching a daily high above $2,060. This rise indicates strong investor interest, often triggered by economic uncertainty or the search for safe-haven assets. 10-year US Treasury Yield: There has been a significant decrease in the yield of 10-year US Treasury bonds, falling below 4%. Bond yields move inversely to prices; a decrease in yield indicates an increase in demand for safe bonds, which often translates into a rise in the gold price. Mixed Macroeconomic Data from the US: The varied economic data from the US have fueled the gold rally. Uncertain or weak data tend to push investors towards the safety of gold. Situation of the US Dollar and the Federal Reserve (Fed): The US dollar has been under mild pressure, influenced by mixed data and the minutes from the FOMC (Federal Open Market Committee). The Fed has considered rate cuts but has not provided precise timing indications. This uncertainty can fuel volatility and the desire for safe assets like gold. ADP Report and Labor Market: The ADP report indicated a higher-than-expected private job creation, suggesting a robust labor market "aligned with pre-pandemic hiring." A strong labor market can indicate a healthy economy but also potential inflationary pressures, influencing the Fed's interest rate decisions and, indirectly, the gold price. Nonfarm Payrolls (NFP) Report: The NFP report is awaited, which is expected to reveal the addition of 170K new jobs in September. These data are crucial to understand the health of the economy and future monetary policies, consequently influencing the gold price. Forecast: Currently, gold stands at 2045, a critical support/resistance level. I have identified two possible scenarios: the first anticipates a breakout of the bearish trendline with a retest on the breakout point followed by a rise to about 2085, while the second scenario suggests a decline towards the 1990 area. At the moment, I am leaning towards a further rise before a significant drop, so I will assess at the beginning of the week if there are conditions to go long on the market. Greetings and a good weekend to everyone from Nicola.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
RELIANCE : What all possibilities from here?www.tradingview.com RELIANCE: As per technical evaluation, it is near its 52W high price. However, if we could see historically, it was in a range of 2000 - 2600 for a long time now. We can see, it has made triple top as well as rising wedge, but do not forget, there is a cup being formed inside and we should not forget. A good time to enter in investment will be above the boundary of 2650 level. The target will be 2884 and 3294. If it reverts from here, it can come to 2300 range first and then 2100 range.
NSE:RELIANCE
by Stox_Ware
USOIL: Route map 71.50-79 awaiting the FED!Observing the price of West Texas Intermediate (WTI), I notice an upward trend, with the price having retested the bullish trendline after breaking through the $74 level. Now, I expect a slight pullback towards $71.50 before a significant rebound towards $79 per barrel. However, from a macroeconomic perspective, I've also detected growing concerns about the stability of demand due to an increase in U.S. gasoline and distillate inventories, leading to a decrease in prices. I am particularly mindful of the impact of Middle East tensions on energy markets. These conflicts directly influence logistics and shipping, so much so that I've observed companies diverting their ships from the Suez Canal route to avoid waters infested with Houthi rebels, significantly changing commercial routes between Europe and Asia. The arrival of an Iranian warship further complicates the situation. Additionally, I am monitoring the ongoing conflict between Israel and Hamas, aware of the risk that it might involve neighboring countries. I've noticed that Iran has suspended crude shipments to China to secure higher prices. This move is particularly interesting as it follows China's advance purchase of a significant portion of its annual oil demand, enjoying a discount on imports from sanction-hit Iran. In conclusion, my personal analysis describes a complex WTI oil market influenced by a variety of geopolitical and technical factors. I am closely monitoring how Middle East tensions, Iran's strategies, and technical indicators affect the direction of WTI prices. Best regards and have a great weekend, from Nicola.
TVC:USOILLong
by Forex48_TradingAcademy
EURUSD: A decision turning point post NFP!Analyzing the EUR/USD situation, we can observe a series of dynamic factors that have recently influenced its behavior. The EUR/USD's bullish move, having crossed 1.0950, was triggered by disappointing ISM Services PMI data after gathering liquidity below 1.09 following the NFP data. Currently, the pair maintains a defensive stance, trading in negative territory below 1.0950 as market attention shifts to the December jobs report from the U.S. Initially, the positive risk mood made it difficult for the USD to find demand on Thursday morning. However, after the ADP Employment Change data for December exceeded expectations, rising to 164,000 versus the forecast of 115,000, the yield on the U.S. ten-year Treasury bond surpassed 4%, thereby supporting the USD in limiting its losses. The CME Group's FedWatch tool indicates that markets are pricing in a 65% probability that the Federal Reserve will cut the policy rate by 25 basis points in March, down from the 85% seen earlier in the week. In conclusion, EUR/USD is at a really interesting point, at the 1.0950 level and is about to close the daily candle with a neutral doji. I expect a rise from the Euro on Monday in the face of an approaching American recession, aiming for a rebound of the Euro towards the 1.1150 area as identified on the chart. Best wishes and have a great weekend from Nicola.
Long
by Forex48_TradingAcademy
2
GBP/USD Route map 1.26-1.28 post NFPAnalyzing the GBP/USD pair, I observe that the British Pound is under pressure, trading around 1.2670 against the US Dollar during Friday's European session. This movement is primarily driven by investors' growing focus on the US Nonfarm Payrolls data. While the UK manufacturing sector continues to face pressures, it's noteworthy that the services sector exceeded expectations in December, according to PMI data. Meanwhile, the US Dollar Index (DXY) is recovering swiftly, bolstered by positive data from the US. This rebound further pressures the Pound, which is already struggling to find solid ground. Investors are concerned as the Bank of England (BoE) policymakers face tough decisions, balancing the risks of a deep recession in the UK economy and high underlying inflation. The likelihood of a technical recession in the UK is high, with the economy contracting in the third quarter and anticipated to show stagnant performance in the final quarter. Moreover, recent PMI data indicates that the manufacturing sector continues to suffer due to high-interest rates. The future of the GBP/USD pair will be influenced by the US Nonfarm Payrolls data for December. Should this data indicate further cooling of the US job market, the outlook for the pair might improve. The expectation for job additions in December is moderate, with forecasted slower growth in average hourly earnings, which could signal a deceleration in US inflation. Investors are also increasing bets on a rate cut by the Federal Reserve in March if labor market conditions soften more than expected. However, a premature rate cut decision by the BoE to avoid a recession could fuel further inflationary pressures in the UK. On the chart, I've highlighted a possible price direction post-NFP; the price could take liquidity below 1.26 before moving towards 1.28. Best wishes and good trading to all.
Long
by Forex48_TradingAcademy
DXY (US DOLLAR INDEX)Hello traders! The dollar index (DXY) in the 15m timeframe is in the (RISING WEDGE) pattern. Wait for the line break to confirm the scheme. The price retests the level of 101,750 and then the complete completion of the scheme begins. Rising to the level of 102.470. Be patient and wait for the breakout to enter the trade. Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
CAPITALCOM:DXYLong
by THP-Forex-Academy
$BTCUSD Retraction Point Approaching The BITSTAMP:BTCUSD pair is nearing a crucial resistance level at $46,177, signaling potential price retraction. Our indicator ( w.aritas.io ) suggest a gradual exhaustion of bullish momentum, with increased short positions. Additionally, the Relative Strength Index (RSI) is approaching the overbought (OB) zone, indicating a potential reversal. Caution is advised, and a retracement to around $39,375 is anticipated. Traders should closely monitor these levels for potential trend changes.
COINBASE:BTCUSDLong
by wikitrades
10 Rules for Successful Trading1. Study. Learn how financial markets work. Years ago I took Khan Academy's free courses on the financial markets. It really helped reinforce what I already knew, taught me new stuff and solidified my confidence in understanding how the financial markets work. Here's the link: www.khanacademy.org Learn the basics of Technical Analysis. For this part I read "Technical Analysis of the Financial Markets" by John Murphy. I read the whole book not once, but twice, and I constantly refer to it to refresh my memory. You can also get the supplemental workbook to do exercises and test your proficiency. Link: www.amazon.com Learn the basics of Macroeconomics and Microeconomics. Khan Academy also provides excellent free courses in this subject area with quizzes and tests to confirm your proficiency. This part is important for understanding the big picture. Link: www.khanacademy.org 2. Develop a trading plan. Write out your trading plan step-by-step and follow it every time. If you don't do this, you won't be consistently profitable in the long term. Never trade on a whim, even if you fear missing out on a big move. I would rather miss out on a big move up because I took the time to develop a plan than jump in without a plan and experience a big move down. Here's a good resource for how to develop a trading plan: www.ig.com 3. Find a trading mentor. Find someone who is more experienced than you and learn from them. I was able to connect with a very experienced trader here on Trading View with whom I share watchlists and get trade ideas from. We chat regularly and confirm or critique each other's ideas. Having a trading mentor has been invaluable to my trading. It's important to find someone who is trustworthy and competent, and willing to critique your trading ideas. Often we as traders only see what we want to see in the chart and miss or ignore obvious clues that go against our theory. For example, what one person sees as a triple bottom (bullish) another person may see as a bear flag (bearish). Another way to learn from other traders is to subscribe to traders who post high-quality content on Youtube. I subscribe to a few great trading Youtubers who give me all kinds of insights. My trading has definitely improved because of learning from other traders. With this said, don't go overboard. Find just a couple of good people to follow. You don't want to follow dozens and dozens of traders as you will suffer from information overload. 4. Manage risk. Preserving your capital is necessary to stay in the game, so you need to manage risk. No matter how good your charting may be, some of your trades will go against you and will need to get out. That's why I always use stop losses and get out of a trade at a certain predetermined level. Stop losses always limit loss, but do not necessary limit profit. This in turn allows you to only be right half of the time (or in some cases even less) and still be profitable. The topic of stop losses actually warrants it own discussion. In the future, I will be writing a post on how to place your stop losses. Other risk management strategies include: limiting the amount of margin you use, only risking a certain percentage of your portfolio on any given trade, and diversifying your portfolio. A key difference between trading and investing is that investing does not (typically) employ stop losses. Long-term investors typically manage risk by using diversification. 5. Be humble. Check your ego at the door. It does not matter if you're right. The only thing that matters is your money. Never stay in a trade because you don't want to admit that you were wrong. I've seen plenty of charts that looked amazing and then a black swan event happens. Perhaps one of the best ways to think about it is to consider this paraphrased statement from the legendary trader Larry Williams: "Regardless of past performance, never forget that every new trade you make only has a 50% chance of success." I have seen some Trading View users who are completely consumed by pride and post their win rates and super high-profit percentages. I steer clear of these traders because they fail one major rule of good trading: staying humble. Past performance is not a guarantee of future performance. 6. Keep a journal. This one is very important. Whenever I learn something new about trading, I write it down in a trading notebook. Whenever I make a mistake, I write down what went wrong and what I learned from the mistake. My trading notebook contains my strategies both for bear markets and bull markets, contains the steps for my daily routine, contains my screener criteria, and contains a listing of all the important things I've picked up over the years of trading. 7. Track your assets. Employ some kind of a method for tracking your performance. Even though it's time-consuming, I use a spreadsheet. 8. Avoid speculation. Never trade based on speculation or emotion. Never buy or sell an asset because of fear (whether fear of a market crash or fear of missing out on a huge rally). Never enter into a position simply because you like the company, and similarly do not avoid selling your position because you love the company too much. The most successful traders are rigorously unemotional and unattached. In my opinion, I define anything that does not involve an analysis of data as speculation. I have also come to learn that by the time everyone is talking about something, it is usually at peak mania and will not go up further. For example, when your co-worker or close friend is talking about how much they made from Bitcoin, it's probably time to sell. Similarly, if you see everyone on social media posting photos of how much it costs to fill up their car with gas, it probably means we're at the peak of gas prices. 9. Learn how to use your charting platform. One of the best things I ever did to master my charting was to spend a few weeks doing nothing but just learning all the features on Trading View. When I first signed up for Trading View I was overwhelmed by all the tools, indicators, strategies, and ideas on here. So I knew I had to take a timeout from trading and just learn the tools first. For several weeks rather than focus on trading, I focused on learning Trading View. I favorited indicators that work best for my strategy, I created layouts and explored every nook and cranny on the platform. Trading View is incredibly powerful because it provides access to so much data. Having access to data is power. By taking the time to learn how to use all of its tools, I was able master the financial markets to a degree that I can now make predictions just good as those high-paid Wall Street analysts. Your subscription will pay for itself through the profits you make. 10. "Look first. Then leap." Always chart out your entry point, stop loss, and profit target before entering a trade. Ask yourself: How much risk am I willing to take for how much profit? Here's a great resource from Investopedia that inspired this post: www.investopedia.com This list of good trading rules is nowhere near comprehensive, so please leave a comment below to share your rules and tips for successful trading!
AMEX:SPYEducation
by SpyMasterTrades
132
GME GameStop Options Ahead of EarningsIf you haven`t sold GME before the previous earnings: Then analyzing the options chain and the chart patterns of GME GameStop prior to the earnings report this week, I would consider purchasing the 15usd strike price at the money Calls with an expiration date of 2024-1-19, for a premium of approximately $2.63. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:GMELong
by TopgOptions
HOW-TO apply an indicator that is only available upon request?Recently, I've realized that my typical day involves constant encounters with indicators. For example, when the alarm clock rings, it's an indicator that it's morning and time to get up. I am checking the phone and once again paying attention to the indicators: battery charge and network signal level. I figure out in just one second that such a complex element of the phone as the battery is 100% charged and the signal from the cell towers is good enough. Then I’m going out on a busy street, and it's only because of the traffic light indicator that I can safely cross the road to reach the parking lot. Looking at the on-board computer of my car, with its many indicators, I know that all the components of this complicated mechanism are working properly, and I can start driving. Now, imagine what would happen if none of this existed. I would have to act blindly, relying on luck: hoping that I would wake up on time, that the phone would work today, that car drivers would let me cross the road, and that my own car would not suddenly stop because it ran out of gas. We can say that indicators help to explain complex processes or phenomena in simple and understandable language. I think they will always be in demand in today's complex world, where we deal with a huge flow of information that cannot be perceived without simplifications. If we talk about the financial market, it's all about constant data, data, data. Add in the element of randomness and everything becomes totally messed up. To create indicators that simplify the analysis of financial information, the TradingView platform uses its own programming language — Pine Script . With this language, you can describe not only unique indicators, but also strategies — meaning algorithms for opening and closing positions. All these tools are grouped together under the term "script" . Just like a trade or educational idea, a script can also be published. After this, it will be available to other users. The published script can be: 1. Visible in the list of community scripts with unrestricted access. Simply find the script by its name and add it to the chart. 2. Visible in the list of community scripts, but access is by invitation only. You'll need to find the script by its name and request access from its author. 3. Not visible in the list of community scripts, but accessible via a link. To add such a script to a chart, you need to have the link. 4. Not visible in the list of community scripts; access is by invitation only. You'll need both a link to the script and permission for access obtained from its author. If you have added to your favorites a script that requires permission from the author, you'll only be able to start using the indicators after the author includes you in the script's user list. Without this, you will get an error message every time you add an indicator to the chart. In this case, contact the author to learn how to gain access. Instructions on how to contact the author are located after the script's description and highlighted within a frame. There you will also find the 'Add to favorite indicators' button. The access can be valid until a certain date or indefinitely. If the author has granted access, you will be able to add the script to the chart.
NASDAQ:TSLAEducation
by Be_Capy
EURUSD Is ready for the big bullish run towards 1.1050!On Thursday, EUR/USD faced a significant decline of almost a hundred pips, marking its worst day in months. The Euro weakened broadly, while the US Dollar showed a mixed performance due to softer inflation and a balanced labor market in the US. Daily chart indicators suggest a downside, though the overall trend remains upward, albeit with reduced momentum. A close above 1.1000 would indicate potential for more gains, while a drop below 1.0780 could shift the bias. On the 4-hour chart, EUR/USD broke an uptrend line and is testing the 1.0890 support, with the next target at 1.0860. A break could focus on 1.0830, likely attracting buyers. Technical indicators lean negative, and the RSI approaches oversold levels, suggesting potential consolidation around 1.0900. To remove the short-term bearish bias, the Euro needs to rise above the 20-period SMA at 1.0960. The pair experienced its most significant decline in over a month, correcting from three-month highs above 1.1000, reaching a bottom at 1.0883, with a potential for short-term consolidation. Eurozone CPI rose 2.4% YoY in November, below October's 2.9%, marking the slowest annual increase since July 2021. Speculation arises about a potential ECB rate cut as inflation approaches the 2% target. The Euro lagged in the market for two consecutive days, especially against the Swiss Franc. Final Manufacturing PMI readings and a rebound in US Treasury yields supported the US Dollar despite mixed US data. Inflation remained above the Federal Reserve's target, while rising Continuing Jobless Claims indicated a softer labor market. On Friday, the release of US data, including the ISM Manufacturing PMI, is scheduled.
Long
by UnknownUnicorn67331274
4
BTC - Market Structure 101 📚 Keeping It SimpleHello TradingView Family / Fellow Traders, 📊 I find the BTC H1 chart interesting as it has been respecting the market structure cleanly inside the rising channel recently. 📈 As the price approaches the lower bound of the channel, the bulls are taking control for an impulse after breaking above the last high in blue and the 21 EMA. 📉 Conversely , as the price nears the upper bound of the channel, the bears take charge for a correction after breaking below the last low in green and the 21 EMA. Today, BTC rejected the upper bound and broke below the green low and 21 EMA, signaling that the bears are currently in control. 📉 The bears are expected to maintain control, and we anticipate a movement towards the lower bound of the channel. 📈 However , a shift in momentum could occur if the bulls regain control by breaking above the red channel and reaching 38,100. In such a scenario, we would anticipate a bullish continuation towards the upper bound of the rising channel. What are your thoughts? Do you believe BTC will continue to adhere to this simple market structure? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
1