WEEKLY FOREX FORECAST: USD Still Bullish? YES! Buy It!This forecast is for the week of Dec. 16th - 20th.
The USD INDEX is indicating strength, continuing from last week going into this week.
The economic calendar has red folders for every day this week.
THe xxxUSD pairs are looking bearish, while the USDxxx pairs are looking bullish.
The USD Index closed last week very bearish, trading through the previous week's low. A pullback makes sense for this week, at least for the beginning of it. With NFP coming on Friday, trading up until Wed may be the safest way to go.
Check the comments section below for updates regarding this analysis throughout the week.
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Transcript
Supply and Demand
Intraday Levels for Nasdaq 100 Futures - 12/19/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
L TRADE This trade was based on previous HIGHEST HIGH and past LOWEST LOW my strategy consist of support and resistance areas as you can see this chart was an L I didn't take in consideration that the overall chart was bearish that's why its all ways good to start from DAILY and work yourself down to the 5 MINUTE for the entry... at least from my ENTRY CHECKLIST !! This is what happens when you get greddy and don't look at the overall charts this is something to truly remarkable for a NEWBIE hope you all learned from this > God Bless.
QQQ Sell to $497-501 Weekly Resistance for Buying opportunity A 52 week high was made on Monday, December 16 at $539 on QQQ . The fed Powell released the news he’s cutting rates by a quarter of a percent which caused the market to plummet ,Banks also manipulating the market to get into these buying opportunities. We are currently failing to break above 520 , also struggling to fully break below 515 . We will continue to sell down once we pass 515 . Looking at my chart on the weekly timeframe appears is 501-497 is the actual resistance that we are heading to now. It may look like 515 is the resistance, but in all actuality, it does not appear to be a Stronger demand zone than 500 to 497. Once we get here, look for buying opportunities at the new year will bring in New yearly, highs, and new yearly lows. For now, we should be in puts to $500.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Following on from the FOMC trade plan where we managed to get the extension level we wanted and the long for a phenomenal capture upside into the order region we wanted. We then activate short, currently running from the above protected and expecting it to hit target over the coming sessions. To be honest, for Gold, that is us done for the week unless there are decent setups on the red box indi's.
For now, support is holding at 2590 so we would expect a move upside in attempt to close above the 2600 level with a potential retracement into 2603-6. It here we want to see a RIP and then a continuation of the move downside unless we break above the extension level 2630.
It's a crazy market but it's giving, so please don't try and milk it now, it's Friday tomorrow and they will want to take back what they've given. Time to play defence!
As always, trade safe.
KOG
Tesla (TSLA): Profits Taken, Pullback AnticipatedWhat a rise by NASDAQ:TSLA !
The stock has now reached the targeted wave 3 zone, and we might see some asset rotation out of Tesla into underperforming stocks that could attract renewed attention and capital inflows. Many traders have booked significant profits on NASDAQ:TSLA , and larger players are likely to do the same in the coming sessions.
As usual, our focus remains on building a new position during a pullback. We are targeting the 38.2%–50% Fibonacci retracement levels, which should provide sufficient support for another push higher, potentially toward $585 or more. A key level to watch is the old all-time high. Should bulls defend it effectively, waiting for an entry at $371.35 might leave us sidelined.
However, we see no reason to force or rush an entry into NASDAQ:TSLA at the moment. Patience remains critical as we wait for the market to come to us.
AES Corporation - Short term view with strong supportSo first of all both price and indicators are confirming the downtrend.
Today NYSE:AES opened with a gap succeeding yesterday's equilibrium in price with doji candles.
The price is still in the middle of the regression line and in the next few days the price don't seems to be close to upper 2 SD.
In the print above the yellow line shows the support at $11.43. The image's time horizon starts at the end of 2006.
Furthermore looking at short ratio available online the value is about 2,7 from mid October as well as more than 22M short interest
BIG positionHello friends
This coin is located in a very, very foggy support area, and by maintaining this support area, you can expect a 50% growth from it up to the previous ceiling, which will be our first target, and we will update the following targets if needed.
Again, note that maintaining this support range is very, very important.
If you like this analysis, give us energy with like and comment.
Nasdaq Futures Rebound or More Decline? Key Levels and StrategieDive into today's analysis of Nasdaq futures for Thursday, December 19, 2024. After yesterday’s significant 1,000+ point drop following interest rate announcements, we assess whether the market will rebound or continue its decline. Here's what you'll discover:
📉 Short Strategies: Key levels like 21,620 and 21,540, with setups to capitalize on continued bearish momentum.
📈 Long Opportunities: Critical zones for potential recoveries, such as 21,700 and 21,870, targeting a resumption of the rally.
📊 Market Context: Insight into yesterday’s drop and its implications for both intraday and longer-term trends.
If you’re looking for actionable insights and high-probability setups in a volatile market, this video is for you. Learn how to react to price movements and position yourself effectively.
🔗 Subscribe now for daily market updates, trading strategies, and exclusive content to enhance your trading performance. Don’t miss it!
ES testing 6040 zone and reverse to enter the range 5735-5920Based on Wyckoff, we are now in UT phase were we should go back to the range between the 2 red lines.
the fact that we made high, got back to the red line to do reversal and made higher high => and now back to the same reversal point indicates weakness .
From here came my conclusion that max we will hit 6040 zone and go down to the lower range 5735-5920.
POPCAT/USDT: Range Accumulation Play | 40% Recovery SetupPOPCAT/USDT SPOT Analysis 📊
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TRADING SETUP (SPOT) 📈
• Asset: POPCAT/USDT
• Exchange: MEXC
• Timeframe: 15m
STRATEGY: RANGE ACCUMULATION 🎯
Entry Zones:
Buy Zone: 0.77-0.79 (Current Support)
Why:
- Historical support level
- High volume node
- Bottom of consolidation range
- Aligned with 0.236 Fib
Take Profits:
TP1: 0.84 (Range Top) - 40% position
TP2: 0.86 (Break of Range) - 40% position
TP3: 0.89 (Previous Structure) - 20% position
Risk Management ⚠️:
• Stop Loss: 0.77 (Below current structure)
• Position Size: Max 5% of total portfolio
• Risk:Reward = 1:2.5
Key Reasons for Entry:
1. Price stabilizing after major drop
2. Clear range formation (0.79-0.82)
3. Multiple CHoCH patterns showing selling exhaustion
4. Strong volume support at current levels
Warning Signs to Exit ❌:
• Break below 0.77
• Volume spike with bearish candles
• Loss of range structure
Bonus Tip 💡:
DCA (Dollar Cost Average) approach recommended in current range:
• 25% at 0.79
• 25% at 0.78
• 50% at 0.77
#SpotTrading #POPCAT #Accumulation #CryptoTrading
Remember: Always manage risk first, profits second. This is analysis, not financial advice.