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S&P 500 Daily Chart Analysis For Week of Dec 20, 2024Technical Analysis and Outlook: During this week's trading, the S&P 500 index exhibited considerable volatility after reaching our critical support level of Mean Support 5870. Subsequently, it demonstrated a robust upward recovery. This development is anticipated to facilitate the impending phase of the renewed interim rebound, with the objective of retesting the Key Resistance level at 6090, thereby paving the way for continuing the bullish trend. However, it is crucial to recognize that a retest of the Mean Support 5870 remains a great possibility.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Dec 20, 2024Technical Analysis and Outlook: The Eurodollar exhibited a bearish trend during the initial part of the week; however, it subsequently demonstrated a significant recovery by retesting the completed Outer Currency Dip at 1.035. This renewed interim rebound is poised to drive the Eurodollar toward the Mean Resistance level of 1.051. However, it is crucial to recognize that a retest of the completed Outer Currency Dip at 1.035 remains plausible.
by TradeSelecter
Microsoft - H&S Fake Out to Make Out! 16% Upside🖐️ H5 TRADE - NASDAQ:MSFT There was to much going on to call out my exact entry on this at the retest area but to be fair I put it on everyone's watchlist a few weeks ago and said a retest would be a perfect entry. This will be different once the H5 Community is up and running as I will have a whole trade alerts channel were I post my trades and buy/sell notis right as after execution! With this trade we still have over 16% to run upward from here. So, up to you friends! Them and other Mag7 names held up really well during that flash crash and that is very bullish to me! Also, to throw in a learning lesson for all: Just because a charting pattern forms (H&S on MSFT) doesn't mean it's a trade you should enter! Always wait for breakouts and retest! If you struggle with that then you better beat it into your head and tape you hands underneath your desk! -H5 indicator is GREEN -Symmetrical Triangle pattern breakout and retest -Launching off Volume shelf back to ATH and beyond -Bottom of the two year rising channel -Williams CB forming and believe we create support next week I consolidated the account yesterday into the best trades and saw this OLD SAFE n RELIABLE trade and chose to buy some options! 🔜🎯$466 🎯$512 ⏲️Before 05May2025 2 Contracts -$420 Calls for May 16th 2025 CB: $40.03 - Currently $43.75 Not financial advice.
NASDAQ:MSFTLong
by RonnieV29
ETH thesis by Titan_KarmaEthereum Investment Thesis Market Overview Ethereum (ETH) is trading at $3,431.65, indicating potential for upward momentum. The recommendation is to OPEN LONG positions, supported by a favorable risk-reward setup and moderate confidence in a bullish trajectory. Key Technical Indicators Stop-loss: Set at $3,200.00, providing downside protection against unexpected price drops. Take-profit: Targeted at $3,600.00, aligning with a strong resistance level and maximizing potential gains. Exit Point: Positioned at $3,500.00, offering a prudent level for partial profit-taking. Confidence Level The confidence level for this strategy is 75%, reflecting cautious optimism. The technical and fundamental indicators support an upward trend, though volatility requires close monitoring. Correlation with BTC Ethereum shows a neutral correlation with Bitcoin (0.02), suggesting its price movement is minimally influenced by BTC. This allows ETH to follow its own market dynamics. Position Analysis Open Long Positions: None currently, presenting an opportunity to take advantage of the recommended strategy. Open Short Positions: None, indicating a lack of bearish sentiment. Risk Management Strategy Entry at the current price of $3,431.65 is ideal to capitalize on potential gains. A well-placed stop-loss at $3,200.00 minimizes risk in case of downside volatility. The take-profit level at $3,600.00 provides an attractive target, while the exit point at $3,500.00 ensures partial profit-taking to secure gains. Recommendation OPEN LONG positions near the current price, aiming for a take-profit level of $3,600.00. The combination of technical support and moderate confidence in the bullish scenario supports this strategy. Traders should remain vigilant for any changes in sentiment or technical indicators that might influence price movements.
Long
by titankarma
Doubt Me If You Want, But My Strategy Speaks for Itself!NASDAQ:QQQ AMEX:SPY Do you see how my Williams CB is one of the best strategies out there for predicting markets short & long term moves? How coupled with my H5 trading strategy it gives me the best chances to beat these crazy markets. Two weeks ago we were at the top and called for a no more than 3% market pullback. I was wrong and right at the same time. We got a pullback but it wasn't what I anticipated but who anticipated the FED nuking the markets yesterday? Nobody but the FED. I show you this so you understand when we get to the barrier we don't know what it's going to be that pulls the market back or causes us to consolidate and peel off the red barrier. BUT, we need to understand where we are at and that running into the barrier is not the time to be adding to trades or exploring new ones. It's the time to take profits, consolidate, and maybe hedge a little. I'm not putting this out to be applauded or to act like I'm some type of Oracle. I simply want to show all my friends who have decided to stick it out with me the last few days when others chose to leave that you can entrust in my strategies and I will teach you everything I know so you can beat the markets on a consistent basis too!
NASDAQ:QQQLong
by RonnieV29
13
THIS IS A FAKE OUT IMO! BUY THE DIPNASDAQ:QQQ AMEX:SPY AMEX:IWM THIS IS A FAKE OUT! BUY THE DIP 👇 -Strong Economic Fundamentals -Hawkish FED spreading FUD -Same Government shutdown scares every year -2T+ in options (mostly call) expiring today -Gains being pressured to be sold for 24 taxes -Scare meme coin & gambler bro's out the markets -Incoming party is for business & the stock market -VIX spiked faster than Japanese trade crisis -Inflation still coming down -AI is still strong and a catalyst -Company earnings are still hefty -Global markets are curling up not down All of these reasons explain my point of this being a FAKE OUT. I will be buying this DIP because I see nothing CONCRETE! All I see is that the market maker and FED Chair Powell teamed up to be the GRINCH & SCROOGE this Holiday season. Not financial advice.
NASDAQ:QQQLong
by RonnieV29
6
BTC Technical Analysis Kept SimpleThis chart shows Bitcoin (BTC/USDT) price movement on a daily timeframe with several technical indicators and key levels highlighted. Here is a breakdown of the analysis: Key Observations: 1. Price Levels: The price recently broke below the 127.20% Fibonacci extension level near $105,595, which now acts as resistance. The 100% Fibonacci level, around $94,916, is being tested and might act as support. There is a green support zone near $85,000–$95,000 that could serve as a demand area for buyers. 2. Indicators: Parabolic SAR (red dot): Indicates a bearish trend as the dot is above the price candles. On-Balance Volume (OBV): Showing a downward trend, signaling decreasing buying pressure or increasing selling volume. Relative Strength Index (RSI): At 45.05, indicating neutral to slightly bearish momentum. The RSI is trending downward, which aligns with the price drop. Chaikin Money Flow (CMF): At 0.02, near the neutral line, suggesting weak inflows or a lack of strong accumulation. 3. 200-Day Moving Average (Red Line): The 200-day moving average is rising but is significantly below the current price. This could indicate that the long-term trend remains bullish despite the short-term correction. 4. Volume: Recent candles show higher volume on red candles, suggesting stronger selling pressure during the price drop. Potential Scenarios: 1. Bullish Case: If the price holds above the $94,916 (100% Fib level) or rebounds from the support zone ($85,000–$95,000), it could trigger a bullish recovery toward $105,595 and potentially retest $108,421. A positive divergence in OBV or RSI could strengthen this case. 2. Bearish Case: If the price breaks below the 100% Fib level, the next key support lies at $85,000–$86,000. A failure to hold this zone might lead to a deeper correction toward the 78.60% Fibonacci retracement level at $70,041. Summary: The price is in a short-term downtrend while approaching a significant support zone.
by vagada
PRCL/USDT THE THE SKY IS THE LIMITPRCL/USDT SPOT update. The main markets have experienced a breakdown trend, particularly since BTC's last trend shift. PRCL/USDT is currently in a crucial support zone, which could be confirmed before 2025. What happens if this support zone is confirmed before 2025? It means the coin has the potential to break out, with a target price of up to $1. The coming 5 days can be important, after the data study of the last months. There is a signal of DCA data at the end of the month. For day traders there is no reason to enter this coin until it is confirmed the $0,50 could become interesting for the break.
Long
by SatochiTrader
USDJPY Buyers In Panic! SELL! My dear friends, USDJPY looks like it will make a good move, and here are the details: The market is trading on 156.76 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 154.65 Recommended Stop Loss - 157.90 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
7
AUDCHF My Opinion! BUY! My dear followers, This is my opinion on the AUDCHF next move: The asset is approaching an important pivot point 0.5571 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.5594 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
USD/JPY Trade Recap: Precision at Its Best!This trade on USD/JPY played out beautifully, showcasing the power of a well-structured approach and advanced tools like the WiseOwl Indicator. Let’s break it down: Trade Context: On the 1H timeframe, the market was respecting a clear bullish structure. Using the WiseOwl Indicator, I spotted an ideal entry point at the breakout of the accumulation phase, which aligned perfectly with the higher timeframe trend. What Happened: The entry signal was spot on, and price moved precisely toward my medium-term target of 156.74 and even beyond. Currently, price is hovering around 157.45, and I’m watching for a potential pullback into the 155.50–156.00 zone for the next move. Key Takeaway: The WiseOwl Indicator helps simplify decision-making by highlighting key setups in alignment with market structure. Paired with patience and a solid understanding of context, this creates high-probability opportunities. 💬 What are your thoughts on this trade? Are you using similar tools to refine your entries and exits? Let’s discuss below!
Long
by TraderOuss_LumaNex
1
XAUUSD - continuation sells? What about Pullbacks?Here is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for. XAUUSD is currently trading at around 2605 . We are still following our long-term analysis on XAUUSD which was posted on November 27th (almost a month ago). Last time, we took a step back and took a look at XAUUSD from a bigger perspective (H4 time-frame). We are now using H1 to show you possible outcomes we might have in play. Overall XAUUSD is still extremely bearish . We could see the following scenarios happen. Scenario 1: SELL from 2620 We could see a potential pullback to 2620, which was respected last time we made a pullback from the massive drop on XAUUSD. This would give us an amazing entry for further gold sells. Scenario 2: SELL from 2633 A deeper pullback could happen if we break to the upside from 2620. Entering in 2633 would give us an amazing opportunity to hop into sells and hold it long-term, still targeting the 2480 level. Scenario 3: SELL from 2590 Breaks below 2590 would result in more sells on the pair. As we failed to break to the upside that would confirm the 2620 being the “pullback area” and we will most likely continue to the downside. We would be targeting 2550 and possible breaks of it. If 2550 would be broken we could start seeing more extreme sells on XAUUSD. Personal opinion: The direction for now is bearish in our opinion. We are looking for sells and we do believe gold could see some more sell-offs in December before the year of 2024 ends. KEY NOTES - XAUUSD is overall bearish. - XAUUSD sells are valid from key pullback areas 2620 and 2633. - XAUUSD breaks below 2590 would also confirm further sells. Happy trading! FxPocket
OANDA:XAUUSDShort
by FxPocket
GBPCAD A Fall Expected! SELL! My dear subscribers, My technical analysis for GBPCAD is below: The price is coiling around a solid key level - 1.8206 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.8179 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
CADJPY Technical Analysis! SELL! My dear friends, Please, find my technical outlook for CADJPY below: The instrument tests an important psychological level 109.05 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 108.00 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1