UK100 | Where Next For This Index?The UK100 has been slammed on poor growth warnings.
The budget released by the current Labour Govt gave reason for this, as well as some poor data now continually.
If GDP fails to impress, this may spur further.
Current tech case - Long side momentum into this morning. Would hold off shorts until at least key MA's above.
Do not short and pre-empt any news. Make entries light due to potential volatility (it may not end all doom and gloom and you may go beyond early MA's nearing a 61-78 fib on prev rally.
Longs, if you take them, may be lower and light to protect for inherent risk. Avoid if need be.
Trend Analysis
Deepak Nitrite Ltd's (DEEPAKN) technical analysisDeepak Nitrite Ltd's (DEEPAKN) technical analysis shows daily price movements. Here's a summary of the key insights:
Price Action and Trend:
The stock price is consolidating within a triangular pattern, suggesting a possible breakout or breakdown in the future.
A strong support level is evident near ₹2,454.60.
Resistance is marked at multiple levels, with a highlighted "Strong Resistance Zone" around ₹3,023 to ₹3,150.
Fibonacci Levels:
Fibonacci retracement levels are drawn from a previous significant swing low to high:
0.5 Level: ₹3,023.50 (a key resistance level).
0.618 Level: ₹3,157.75 (another potential resistance zone).
Targets:
Target 1: ₹3,150.95 (based on Fibonacci 0.618 level).
Target 2: ₹3,594.70 (prior high or 1 Fibonacci level).
Target 3: ₹4,271.95 (extension at 1.618 Fibonacci level).
Strong Resistance Zone:
The shaded region indicates a historically strong resistance zone, where the price has struggled to break above in the past.
Outlook:
If the price breaks above the resistance zone, it could aim for Target 1 and potentially higher targets.
A breakdown below the triangle's lower trendline or ₹2,454.60 could lead to a bearish scenario.
XAU/USD "GOLD vs US Dollar" Metal Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the XAU/USD "GOLD vs US Dollar" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📉 : You can enter a short trade at Pullback 2,640 / 2,650 / 2,660
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest high level.
Goal 🎯: 2540.00 or Before
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
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EURCAD POSSIBLE SELLThe market is currently testing the current Weekly 0.786Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern via price action.
We could see SELLERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
XRP – Bullish Flag Pattern Suggests Further Upside PotentialTechnical Overview:
Bullish Flag Formation: XRP is consolidating within a bullish flag pattern, typically indicative of a continuation of its prior uptrend.
Previous Rally: After surging from $0.60 to nearly $2.80, XRP has demonstrated strength by consistently holding support above $2.40, signaling accumulation rather than distribution.
Key Levels to Watch:
Breakout Point: A breakout above the flag's upper trendline, accompanied by increased volume, could confirm the bullish setup.
Targets:
Initial target: $3.00-$3.20, aligning with measured moves from the flag pattern.
Longer-term potential: Continuation above $3.20 could open doors to further price discovery.
Supporting Factors:
Long-Term Base: XRP’s breakout earlier in 2024 from a long-term base adds strength to the current bullish setup.
Volume Confirmation: Increased trading volume during the breakout would validate buyer interest and bolster the bullish case.
Risk Management:
Key Support: Maintaining support above $2.40 is critical for the bullish thesis. A breakdown below this level could signal invalidation of the pattern.
Conclusion: XRP's bullish flag pattern indicates potential continuation of its prior uptrend. A breakout above the flag's trendline with volume confirmation could set sights on $3.00-$3.20 and beyond, reinforcing Ripple’s strong bullish potential heading into 2024.
EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.478 area.
✅LIKE AND COMMENT MY IDEAS✅
SNTUSDT Analysis: Avoid Getting Stuck in Mid-RangesI don’t want you to get lost in the mid-range areas . For SNTUSDT, I believe the blue box is a high-value demand zone . Given that overall market conditions are weak , I’ve identified a lower entry point that aligns with a safer and more strategic approach.
The blue box holds significance from multiple perspectives . I used heatmap , cumulative volume delta (CVD) , and volume footprint techniques to determine this precise demand region where buyers could potentially regain control.
Key Points:
Avoid Mid-Ranges: Focus on clear demand zones to avoid indecision.
Blue Box: A critical demand zone identified as a potential buyer area.
Techniques Used: Heatmap, CVD, and volume footprint for accuracy and precision.
If you'd like to learn how I use these tools to pinpoint such precise demand zones, just DM me!
If you think this analysis helps you, please don't forget to boost and comment on this. These motivate me to share more insights with you!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT.P: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas
🐢 TURBOUSDT: Buy Zones and Buyer Presence
🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results
🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB
📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
🌟 FORTHUSDT: Sniper Entry +%26 Reaction
🐳 QKCUSDT: Sniper Entry +%57 Reaction
I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
EURUSD SELL NOW
EURUSD (Euro vs. US Dollar) - 2H Chart Analysis
The EURUSD pair has shown a strong recovery from its recent lows, forming a higher low pattern around the 1.038 support area. A corrective ascending channel previously dominated, but a breakout followed by a pullback to the critical support zone suggests a shift in momentum.
Currently, the price is approaching a key resistance zone near 1.046. A rejection here could lead to a deeper retracement targeting 1.04180 and further down to 1.03819, aligning with Fibonacci and historical support levels.
Alternatively, sustained momentum above 1.046 could invalidate the bearish scenario and lead to a continuation toward 1.05. Traders should watch for confirmation candles and volume increases to define the next directional move.
Plan: Stay vigilant for sell signals near resistance or strong breakout confirmations above key levels.
ADA/USDT Trading Scenario UpdateThe asset has shown a strong upward trend, rising from $0.3190 to $1.3264, indicating increased market interest. This growth was accompanied by higher trading volumes, which confirms its strength. Currently, ADA is in a correction phase, which has already retraced over 40% from its peak.
The key POC (Point of Control) level of the current local uptrend cycle is at $0.5979. This volume-based level could serve as support and potentially mark the beginning of a reversal. For investors, this represents a good entry point to purchase the asset at a more favorable price before a potential altseason.
It’s important to monitor the price action near this level, as its reaction could determine the further direction of movement.
MVST Bullish Trade Setup: Key Levels to Watch!📈
**Entry**: **$1.52** – Price has broken out above consolidation, signaling bullish momentum. 🚀
**Stop Loss**: **$1.40** – Protect against invalidation below support. ✋
🎯 **Targets**:
- **T1**: $1.71 – First key resistance and profit zone. 🛑
- **T2**: $1.94 – Extended upside potential. 💰
**Key Details**:
📊 Breakout from a triangle pattern confirms bullish momentum.
📈 Price action near $1.52 offers a strong risk-reward ratio for long trades.
**📌 Strategy**:
- 🟢 Enter long at $1.52.
- 🔒 SL below $1.40.
- ✅ Take profits at $1.71 (T1) & $1.94 (T2).
**Why This Matters**:
⚠️ MVST is showing clear bullish signals, making this an attractive setup for breakout traders.
**Conclusion**:
A breakout at $1.52 with targets at $1.71 and $1.94 confirms bullish momentum. Don't miss this setup! 🚀🔥
#Trading #MVST #StockMarket #BullishSetup #RiskReward #StockAnalysis #ProfittoPath
Whether it can be supported and rise around 92K-93.5K is the key
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
(BTCUSDT 1W chart)
What we need to look at is whether it can touch the MS-Signal (M-Signal on the 1W chart) indicator and rise.
When a new candle is created, it is expected to pass around 83.6K.
Accordingly, the point of interest is whether it will meet the M-Signal indicator on the 1W chart around 87.8K-89K.
The reason is that the StochRSI indicator is showing a downward trend from the 100 point, and if a new candle is created, it is expected to change to a state where StochRSI < StochRSI EMA.
Since the StochRSI indicator is still in the overbought zone, it is likely to rise after receiving support around 92K-93.5K.
-
(1D chart)
The next volatility period is around December 17 (December 16-18).
Therefore, the key is how it will look after this volatility period.
It is currently showing a short-term downtrend, but looking at the overall picture, it is ambiguous to say that it has yet to break out of the sideways zone, so the key is whether it falls below 90586.92.
-
Therefore, we need to check whether it can rise above 95904.28.
If not, it is expected to touch around 92K-93.5K.
In order to turn into a short-term uptrend, it needs to rise above 97821.5-98892.0 to be supported.
Since the Momentum indicator is showing a low, it may lead to an additional decline.
You can see that the Body color of the candle changed to red from the December 20 candle.
This is because the OBV fell below the midpoint.
Therefore, if the Body color of the candle changes back to Green, it can be seen as a buying period.
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
XRP drop to $1.10 in Jan 2025 and pump to $3.35 in Apr 20251. Understand that the market makers (manipulators) will not easily allow you to be rich 😁. You have to beat them to understand their script and algorithms. So, $27 may not come that fast. Maybe not even in Q1'25
2. The big movers look at quarterly performance. To me we are not at a similar trend as 2017/2018 moves. But, worth comparing against it.
3. Now look at 2017, it was a 1000% move on the first 3M candle in Apr. Then the 2nd 3M candle had a 50% drop in July. Another pump came in Oct with a 800% move.
4. Now, if you simulate the same movements, in Oct'24 we had a 261% move. If there is a 50% drop, it will take XRP to $1.10 in Jan'25. Then another conservative pump of 200% in Apr'25 will take XRP to $3.35 . Then a 77% move down similar as 2017 will take XRP to $0.74 in July 2025.
However, note that our first pump in Oct'24 did not even touched an overbought RSI of 96, it only touched 75. This is why I feel we cannot look past trend, something new is going to happen and XRP has more to come.
Not financial advice - but hang in there 😉
PBID - CUP-COMPLETION CHEATIDX:PBID (3C)
14-10-2024
(+):
1. Low risk entry point
2. Volume dries up
3. Price above MA 50 > 150 > 200 over 10 weeks
4. Price is within 25% of 52 weeks high
5. Price is over 30% of 52 weeks low
6. 200 day MA trending up over 1 month
7. RS Rating is over 70 (86)
(-):
1. Not really in Stage 2-a uptrend
2. No big volume on the breakout
Market Analysis: Gold Price Faces HurdlesMarket Analysis: Gold Price Faces Hurdles
Gold price started a fresh decline below $2,665.
Important Takeaways for Gold Prices Analysis Today
- Gold price climbed higher toward the $2,665 zone before there was a sharp decline against the US Dollar.
- A key bearish trend line is forming with resistance near $2,632 on the hourly chart of gold at FXOpen.
Gold Price Technical Analysis
On the hourly chart of Gold at FXOpen, the price recovered above the $2,650 resistance. The price even spiked above $2,665 before the bears appeared.
A high was formed near $2,665 before there was a fresh decline. There was a move below the $2,650 support level. The bears even pushed the price below the $2,620 support and the 50-hour simple moving average.
It tested the $2,580 zone. A low formed near $2,582 and the price is now showing bearish signs. There was a minor recovery wave above the 50% Fib retracement level of the downward move from the $2,664 swing high to the $2,582 low.
However, the bears are active below $2,650. Immediate resistance is near $2,630 and a key bearish trend line at $2,632. It is close to the 61.8% Fib retracement level of the downward move from the $2,664 swing high to the $2,582 low.
The next major resistance is near the $2,665 zone. The main resistance could be $2,675, above which the price could test the $2,700 resistance. The next major resistance is $2,720.
An upside break above the $2,720 resistance could send Gold price toward $2,750. Any more gains may perhaps set the pace for an increase toward the $2,770 level.
Initial support on the downside is near the $2,605 level. The first major support is near the $2,580 level. If there is a downside break below the $2,580 support, the price might decline further. In the stated case, the price might drop toward the $2,550 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
TCS | Short | STBTTCS had formed a beautiful H&S pattern and the neck line was decisively broken last week.
Today, the first hour candle has decisively rejected that zone and hence, I'm confident that the next lower swing would be tested.
There could be a minor bounce from the 200 DMA at 4121 level.
However, I will hold it till 4055 level.
SL would be today's high.
WTI Crude Oil Analysis Into 2025Oil has sat on a long term lower high trajectory, with price finding firm support on a consistent area of around 66-67 US Dollars per barrel.
It is vital to note that although this continuous support has held, lower highs have become consistent.
In many cases, when you have a long area hit so many times in rapid succession with lower highs, the prices that buyers are willing to pay can drop as the reflective weakening demand ensues.
It is also important not to guess too far ahead when you only really need to focus on nearer zones (even as a swing trader).
The Sentiment case will unfold over time naturally. Don't sweat it too much.
Short bias preferred at labelled areas.
Bullish bounce?The Swissie (USD/CHF) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 0.8868
1st Support: 0.8775
1st Resistance: 0.9019
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
QKCUSDT: Massive Volume is ComingDaily Volume: The daily trading volume of QKCUSDT has surged by 105%. Despite this significant increase, buyers remain inactive.
Key Points:
Blue Boxes: Highlight potential areas where buyers may become active.
Stop Areas: Marked with red line.
Conclusion: While the volume increase is a positive sign, the lack of buyers suggests caution. Monitor the blue box areas closely for potential buying activity and be mindful of the stop areas to manage risk effectively.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
🐶 DOGEUSDT.P: Next Move
🎨 RENDERUSDT.P: Opportunity of the Month
💎 ETHUSDT.P: Where to Retrace
🟢 BNBUSDT.P: Potential Surge
📊 BTC Dominance: Reaction Zone
🌊 WAVESUSDT.P: Demand Zone Potential
🟣 UNIUSDT.P: Long-Term Trade
🔵 XRPUSDT.P: Entry Zones
🔗 LINKUSDT.P: Follow The River
📈 BTCUSDT.P: Two Key Demand Zones
🟩 POLUSDT: Bullish Momentum
🌟 PENDLEUSDT: Where Opportunity Meets Precision
🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs
🌊 SOLUSDT.P: SOL's Dip - Your Opportunity
🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked
🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer
🤖 IQUSDT: Smart Plan
⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One
💼 STMXUSDT: 2 Buying Areas