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Supportandresistancezones

AUD/USD at a Key Support Level on the Weekly ChartThe AUD/USD pair has experienced a significant decline of nearly 11% without any substantial pullbacks since September 2024. It has now reached a crucial support level on the weekly chart at 0.6200. This recent downward movement has been influenced, in part, by Donald Trump's return to the US presidency. His administration has traditionally prioritised a “putting America first” stance, pledging to reinvigorate the economy and support American industry. Now, the pressing question is: Will the AUD/USD break through this support and continue its fall, or will it experience a bullish pullback in the coming days? The AUD/USD is currently situated in a decisive region. A break below the support could pave the way for further declines, while a successful breach of the downtrend line could initiate a more significant upward movement. Possible Bullish Scenario The AUD/USD could enter a bullish trend if the price breaks above the high of the December 31 candle, approximately 0.6240. Possible Target : The target could be set in the vicinity of the 38.2% Fibonacci retracement level, around 0.6470 (approximately 220 pips above the entry point). Stop Loss : A suitable stop loss may be placed just below the support level on the weekly chart, at about 0.6150 (approximately 90 pips from the entry). Alternative Scenario: Breakdown of Support Conversely, if the price breaks below the support level on the weekly chart, it could signal a continuation of the downtrend, potentially driving the AUD/USD down to the 0.6000 mark within a few days. Key Considerations Investors should remain vigilant regarding upcoming macroeconomic data releases from both the US and Australia, as well as any initial decisions made by President Donald Trump following his return to office. These factors could significantly influence the direction of the AUD/USD pair in the near term. Disclaimer 74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Long
by Marketscom
Micron Technology - The perfect chart!NASDAQ:MU is one of these stocks, which just respects every level, cycle and structure. If I would give each chart an individual rating, the chart of Micron Technology would be 10 out of 10. Micron Technology is actually respecting every structure level and providing textbook trading opportunities. If we get a retest of the previous all time high, which is now turned support and perfectly lining up with the support of the rising channel, I will certainly look for longs. Levels to watch: $90 Keep your long term vision, Philip - BasicTrading
NASDAQ:MULong
by basictradingtv
38
End of Year StatsIts been 25 weeks of posting swing zones and levels including corresponding trades based on price action around these zones and levels. To this end we PINCHED 1270 PIPS @ an average of about 4-5 trades per week, with the following parameters: 1. Entry on the 5mins charts 2. Stoploss, SL @ 10-15 pips 3. Usually moving SL to Breakeven, BE once trade pinches +20pips 4. Take profit @ 90 - 100pips or @ Swing zone or level Next year holds a great promise. Next SZs to commence from Week 2 2025. HAPPY NEX YEAR
by PinchPips
$ASND Analysis and Prediction for Ascendis Pharma A/SChart Overview: Instrument: Ascendis Pharma A/S (ASND) Timeframe: 1-Hour Chart Key Features: Dark Pool Level: Highlighted at $140 (critical resistance). Pivot Resistance: R1 ($141.91) as a significant resistance level. Support Levels: S1 ($130.43), MY TGT ($127.07), and S2 ($124.47). Trendlines: Green ascending trendline providing support. Price approaching a wedge structure, tightening between resistance and support. Volume: Recent increases in volume, particularly on dips, indicate potential accumulation. Key Observations: Resistance at $140 and $141.91: The price has faced multiple rejections around the $140-$141.91 zone, forming a strong resistance. These rejections are marked by lower highs, signaling seller strength at these levels. Support at $135.85 and $130.43: The $135.85 pivot level aligns with the ascending green trendline, acting as immediate support. A breakdown below this level could lead to a move toward $130.43 (S1 support), followed by $127.07. Ascending Wedge: The price is tightening within an ascending wedge pattern, with the upper bound at $140 and the lower bound following the green trendline. This setup suggests an imminent breakout or breakdown. Volume Analysis: Increasing volume on support bounces shows potential buyer interest. However, lack of volume during rallies toward resistance ($140) indicates hesitation to push higher. Trading Scenarios: Scenario 1: Bullish Breakout: Entry: Go long above $140 with confirmation (strong candle close above resistance and increased volume). Targets: Target 1: $141.91 (R1 resistance). Target 2: $144-$145 (psychological resistance and potential Fibonacci extension). Stop Loss: Below $135.85, invalidating the breakout. Scenario 2: Bearish Breakdown: Entry: Go short below $135.85, confirmed by a breakdown of the ascending green trendline and volume spike. Targets: Target 1: $130.43 (S1 support). Target 2: $127.07 (MY TGT and stronger support zone). Target 3: $124.47 (S2 support). Stop Loss: Above $140, invalidating the bearish thesis. Risk Management: Use a 1:3 risk-to-reward ratio to ensure profitable trades. Adjust position sizes according to individual risk tolerance. Volume Consideration: A volume spike at key levels (breakout above $140 or breakdown below $135.85) will validate directional moves. Weak volume during consolidation increases the likelihood of a false breakout or breakdown. Summary: The current chart setup for ASND suggests a critical decision point. The ascending wedge pattern indicates tightening price action, with resistance at $140-$141.91 and support around $135.85-$130.43. A breakout or breakdown from this zone will determine the next significant move. Traders should monitor volume and price action closely for confirmation.
NASDAQ:ASNDShort
by thedarkpooltrader
Analysis and Prediction for Starbucks Corporation SBUXChart Overview: Instrument: Starbucks Corporation (SBUX) Timeframe: Daily Chart Indicators and Features: White Dashed Lines: Represent key dark pool levels. Trendlines: Red lines represent major resistance. Green line marks ascending support. Supply Zone (SZ) and Demand Zone (DZ)**: Highlight potential zones of liquidity and institutional interest. Pivot Levels: R1 at 102.59 and R2 at 108.73 serve as key resistance levels. Key Observations: Descending Resistance: The upper red trendline shows a long-term descending resistance. SBUX recently tested this resistance around the R1 (102.59) level but failed to break out, leading to a rejection and drop. Dark Pool Levels: Key levels to watch: $98.60: Acts as immediate resistance and a potential reversal point. $91.65: A key demand zone (SZ) aligned with a dark pool level. $86.30: Lower demand zone and ultimate support for bulls. Ascending Support (Green Line): The ascending green trendline has held as a strong support level during prior dips. The current price bounced off this support around $86.30, indicating buyer strength. Potential Reversal Zone: After a sharp selloff, the price has bounced back to the $91-$93 range, which lies close to a short-term support zone (SZ). This indicates a possible consolidation before the next significant move. Pivot Levels and Supply Zone: The R1 (102.59) level is a critical resistance, aligning with the red descending trendline and prior rejection. R2 (108.73) represents the next profit target if SBUX can break above R1. Trading Strategy: Scenario 1: Bullish Breakout: If the price sustains above $94.00, we could see bullish momentum toward the following: Target 1: $98.60 (dark pool resistance). Target 2: $102.59 (R1 and major resistance). Target 3: $108.73 (R2). Entry: Long positions above $94.00 with confirmation (strong volume and candle close). Stop Loss: Place below $91.00 (below the demand zone and green support trendline). Scenario 2: Bearish Continuation: If the price fails to break $94.00 and reverses, we could see: Target 1: $91.65 (demand zone/dark pool support). Target 2: $86.30 (ascending trendline support and demand zone). Entry: Short positions below $91.00 if breakdown is confirmed. Stop Loss: Place above $94.00. Risk Management: Use a 1:3 risk-to-reward ratio. Position size should reflect individual risk tolerance and account size. Volume Consideration: Watch for a volume spike near key levels (94.00 or 91.65) to confirm breakout or breakdown scenarios. Summary: This chart shows a critical point for SBUX, where buyers are defending a demand zone ($91.65-$93.00). A breakout above $94.00 would suggest a move toward $98.60 or higher, while a failure to hold above the green trendline would indicate further downside to $86.30.
NASDAQ:SBUX
by thedarkpooltrader
PIKK 1H Swing Long Conservative Trend TradeConservative Trend Trade + long impulse + 1/2 correction + T2 level ? (new spread) + support level + biggest volume Sp + weak test Calculated affordable stop limit 1 to 2 R/R take profit Daily context "+ long impulse + 1/2 correction - SOS level above JOC + support level + volumed Sp + weak test" Monthly context "- short impulse + volumed T1 + support level + biggest volume 2Sp+ in 4d" Yearly context "- no trend - context direction short"
RUS:PIKKLong
by MishaSuvorov
Disney - Don't Miss This Reversal Now!Disney ( NYSE:DIS ) is about to retest strong support: Click chart above to see the detailed analysis👆🏻 Even though Disney has been consolidating for about 10 years now, it is still providing bullish trading setups. Especially the current horizontal support has been holding Disney above water and it is more than likely that Disney will create another bullish reversal away from this level. Levels to watch: $85 Keep your long term vision, Philip (BasicTrading)
NYSE:DISLong
by basictradingtv
8
$SLV Trade Analysis DarkPoolsChart Overview: Instrument: iShares Silver Trust (SLV) Timeframe: 4-hour chart Indicators on Chart: Moving Averages: Likely 8 EMA and 21 EMA for short-term trend analysis. Dark Pool Levels: Represented by white dashed lines at key levels. Trendlines: Red Line: Downtrend resistance. Green Lines: Support forming an ascending wedge after a potential trend reversal. Horizontal Resistance: Yellow Line at $29.00: Major psychological and technical resistance. White Dashed Lines near $28.20 and $26.53: Key dark pool levels. Key Observations: Descending Channel Reversal: SLV was previously in a clear downtrend marked by the red resistance and green support lines. The recent breakout above the green support line and consolidation near $27 indicates a potential shift in momentum. Ascending Triangle Formation: After the breakout from the previous downtrend, the price has formed a triangle pattern, with resistance near $27.08 and ascending support at $26.96. This formation is often a bullish continuation pattern, suggesting an imminent breakout if the price can breach the resistance. Dark Pool Levels: $28.20: An immediate target, aligning with prior price action and a dark pool level. $26.53: A significant support level where institutional activity may provide a floor for the price. Resistance and Support Levels: Resistance: $27.08: Triangle resistance. $29.00 - $29.13: Major resistance and likely profit-taking zone. Support: $26.96: Immediate ascending support line within the triangle. $26.53: Key dark pool support level and invalidation zone for a bullish outlook. Volume: A breakout above $27.08 should ideally be accompanied by a volume spike to confirm institutional buying and sustained bullish momentum. Trade Idea: Entry: Breakout Entry: Enter above $27.08 with confirmation (strong candle close and increased volume). Pullback Entry: Enter near $26.96, the lower support of the triangle, for a better risk-reward setup. Profit Targets: $28.20: First target aligning with the dark pool level. $29.00: Major resistance and likely profit-taking zone. $29.13: Final target, slightly above the psychological resistance zone. Stop Loss: Close below $26.53: Invalidation of the bullish setup and indicates a likely continuation of the downtrend. Risk Management: Position size should be calculated based on risk tolerance. Ensure a risk-to-reward ratio of 1:3, considering the entry near $27.08, stop loss at $26.53, and first target at $28.20. Additional Notes: Volume Confirmation: A breakout above $27.08 should be accompanied by a surge in volume to validate the move. Dark Pool Influence: Watch price behavior near $28.20 and $26.53 to gauge institutional activity. Caution: If the price consolidates too long near the triangle resistance without breaking out, it may signal weakness and increase the probability of a breakdown.
AMEX:SLV
by thedarkpooltrader
$XOM Trade Analysis DarkPoolsKey Observations: Descending Wedge Pattern: The chart shows a descending wedge, marked by a narrowing price range between the green support line and red resistance line. This is a bullish reversal pattern. Price is currently testing the upper red resistance trendline, signaling a potential breakout. Dark Pool Levels: Key levels include: 111.76 (BA SW). 110.82 and 109.12 acting as potential support or resistance zones based on price action. These levels suggest significant institutional activity, making them critical for trade planning. Support and Resistance: Support levels: The wedge's lower green trendline near 106.28. Major dark pool support at 104 (BB SW 104). Resistance levels: 108.07 (Dark Pool Level). 111.76 and 112.00 (Dark Pool and Fibonacci target). Higher targets at 115.00, 117.50, and 120.00 (Fibonacci extensions). Trend Analysis: The price is currently near the 8 EMA and 21 EMA, suggesting consolidation and potential for a breakout. A break above 108.07 (dark pool level) could trigger bullish momentum. Trade Idea: Entry: Breakout Entry: Enter above 108.07 if confirmed with strong volume. Pullback Entry: Enter near 106.28, the lower wedge support, for a better risk-to-reward ratio. Profit Targets: 112.00: First target aligning with Fibonacci and dark pool levels. 115.00: Second target, key Fibonacci extension. 117.50: Third target based on continued bullish momentum. 120.00: Final target for a strong bullish move. Stop Loss: Close below 106.00: Invalidates the wedge pattern breakout. Close below 104.00: Signals bearish continuation, as the price would break significant support. Risk Management: Ensure position size aligns with risk tolerance. Risk-to-reward ratio should be at least 1:3, considering entry at 108.07, stop loss at 106.00, and initial target at 112.00. Additional Notes: Volume Confirmation: Look for above-average volume on breakout above the wedge's resistance line. Dark Pool Reaction: Monitor price action near dark pool levels (especially 108.07 and 111.76) for reversals or breakouts. Fibonacci Levels: Higher Fibonacci extensions suggest strong potential upside if the breakout is sustained.
NYSE:XOM
by thedarkpooltrader
$SPY Trend Analysis DarkPoolsChart Overview: Instrument: SPDR S&P 500 ETF Trust (SPY) Timeframe: 4-hour chart Indicators on Chart: Moving Averages: Two moving averages, possibly the 8 EMA and 21 EMA, are visible and used for trend analysis. Dark Pool Levels: Represented by white dashed lines. Fibonacci Extensions: Horizontal levels plotted as profit targets. Trendlines: Yellow Lines: Represent a rising channel encompassing long-term price movement. Red and Green Lines: Form a triangle pattern suggesting potential price breakout. Volume Indicators: (Not directly visible, but implied in analysis as crucial.) Key Observations: Dark Pool Levels: A level around 605 (BA SW 605). Another level at 586.16 (BB SW 585). These levels often indicate significant institutional trading activity and are likely areas of support/resistance. Triangle Breakout: Price has broken out of a triangle pattern (green and red lines), indicating bullish momentum. The breakout occurred after a strong push above the 597.12 - 596.11 zone, confirmed by the candle close. Trend: The price is trading above both EMAs, which signals bullish momentum. The broader channel suggests an upward trend with potential consolidation at the top. Targets: Fibonacci-based profit targets are clearly defined at: 607.50 610.00 612.50 615.00 The first target (607.50) aligns with a critical resistance zone, suggesting potential short-term profit-taking. Support Zones: The previous triangle breakout zone (around 596.11) serves as a strong support. The lower dark pool level (586.16) provides additional safety if the price retraces significantly. Trade Idea: Entry: If not already entered, consider a pullback entry near the 597-596 range, which aligns with the EMAs and breakout level. Profit Targets: 607.50: Partial profit-taking area; first resistance. 610.00: Secondary target if bullish momentum sustains. 612.50: High-probability target if momentum accelerates. 615.00: Final target aligning with the Fibonacci extension. Stop Loss: Close below 596: Invalidates the bullish triangle breakout. Final Stop: Close below 586.16 (dark pool support), marking a shift to bearish momentum. Risk Management: Position size based on risk tolerance. Risk-to-reward ratio should ideally exceed 1:3, considering a stop at 596 and initial target at 607.50. Additional Notes: Volume Confirmation: Ensure the breakout is supported by a volume surge to validate institutional involvement. Dark Pool Activity: Watch for price action near 605 (BA SW) as it could act as temporary resistance.
AMEX:SPY
by thedarkpooltrader
EUR/USD Break-and-Retest: Next Stop 0.97?Weekly Timeframe: Clear downtrend with a rejection at the 50 MA and a break below key support. Next target lies around 0.97-0.98, a major demand zone. Daily Timeframe: Confirms the bearish bias with a retest of the broken support, now acting as resistance. Price remains below the 50 MA, signaling continued downside. Correlation: Both timeframes align in a bearish trend. Weekly sets the direction, while daily refines entry opportunities with break-and-retest setups.
Short
by unichartz
20
SWING IDEA - POLYPLEXNSE:POLYPLEX has hit its 3 year low of 800 levels recently. At this zone, it can been that while the Price Action has been making Lower Low Pattern, the MACD however is starting to form a Higher High Pattern. This MACD Higher Higher Pattern the recent crossover as well indicates a move in the upward direction. Follow Strict Stop Loss here as any weekly closing below the Swing Low levels can only take the stock further downward. This could potentially be a High Risk High Reward Trade. Take it only based on your Risk Appetite and Management.
NSE:POLYPLEXLong
by thepranam
$TSLA is now "Playing Ping Pong" Trade Analysis DarkPoolsOverview Tesla Inc. (TSLA) is currently trading at $430.60, with significant dark pool activity at $430.75 (DP 1.5M). The stock is in an uptrend, but recent price action shows a pullback from the $492 high, indicating indecision. Tesla is now "playing ping pong" between the 4 EMA and 8 EMA, with price reacting to the $430.75 dark pool level. Technical Analysis Key Observations Ping Pong Action: The stock is oscillating between the 4 EMA (red) and 8 EMA (yellow), creating a range-bound movement as buyers and sellers fight for control. The dark pool level at $430.75 is acting as a pivot point, with the price consolidating around this critical level. Trend Analysis: Tesla remains above the 21 EMA (blue), which indicates the uptrend is still intact despite the pullback. A breakdown below the $430.75 dark pool level could signal further bearish momentum. Dark Pool Activity: The $430.75 (DP 1.5M) level represents significant institutional interest and is a critical support/resistance zone. Failure to hold this level would likely lead to a test of lower targets, such as $399.45. Fibonacci and Targets: Target 1: $348.74. Target 2: $306.85. Target 3: $269.95. These levels align with Fibonacci retracement zones and long-term support areas. Trade Plan Bullish Scenario: Key Factors: The price bounces off the 8 EMA or $430.75 dark pool level and reclaims the 4 EMA, signaling a bullish continuation. Entry: Long position above $435, confirming a bounce above the 8 EMA. Profit Targets: First Target: $450. Second Target: $492. Stop Loss: Close below $430, as it invalidates the bullish setup. Bearish Scenario: Key Factors: The price breaks below the 8 EMA and the $430.75 dark pool level, confirming bearish pressure. Failure to hold the 21 EMA would accelerate the downtrend. Entry: Short position below $429, confirming a breakdown. Profit Targets: Target 1: $399.45. Target 2: $348.74. Target 3: $306.85. Stop Loss: Close above $435, as it invalidates the bearish setup. Conclusion Tesla is currently oscillating ("ping pong") between the 4 EMA, 8 EMA, and the $430.75 dark pool level, signaling consolidation with no clear trend direction yet. A break above $435 could lead to a retest of $450, while a breakdown below $430.75 may target $399.45 or lower. This setup offers clear entry points and risk management for both bullish and bearish scenarios.
NASDAQ:TSLA
by thedarkpooltrader