Oil Technical Analysis: Breaking a Historical Trendline As anticipated, oil continued its upward movement and has now broken a significant historical trendline. This breakout could pave the way for oil to reach the $80 resistance level.
There is a likelihood of the price touching the marked supply zone, which could attract more buyers. This zone presents a potential opportunity for entering a buy position.
Trend Lines
BTC 1H Setup This setup expects the price to move according to my previous 4H analysis, and we are rising up on the right shoulder of a bearish H+S on the way to ~98k.
Pink lines define the buy zone uptrend. There should be final accumulation/consolidation around 95.2 as the next bullish move after that is going to be trying to punch thru 96k into the bear accumulation territory.
Watch carefully to ensure theres no funny business when 96K comes around and also if price action is congruent to the rising wedge implied in the chart drawings(until $95200). Buy between the pink lines and anticipate closing at any of the fib levels above 97k. So far my entries within the buy zone did alright with 30x leverage with tight stops well inside the zone.
GOLD (XAUUSD): Intraday Analysis & Bullish Outlook
As I posted earlier, Gold successfully violated a significant
horizontal intraday/daily horizontal resistance.
Retesting the broken structure, the market continued growing.
The price started to respect the boundaries of a rising wedge pattern.
I believe that we can anticipate a further bullish continuation within that next week.
The final destination for the buyers is 2716 resistance.
With a high probability, it will be reached soon.
❤️Please, support my work with like, thank you!❤️
RIPPLE (XRPUSDT): Bullish Trend ContinuationRipple shows strong signs of a bullish trend following a long period of correction within a symmetrical triangle pattern.
Breaking through the resistance line suggests a likely continuation of the upward trend.
The price is expected to soon reach the 2.800 level and potentially surpass the all-time high to reach 3.000, a psychological level.
S&P 500: Bearish Momentum BuildsAs we move further into 2025, the S&P 500 continues to show signs of weakness, intensifying the bearish outlook from my last post. The Rising Channel breakdown and Head and Shoulders (H&S) pattern remain dominant, with the price now trading firmly below the 50 EMA.
Attempts to reclaim the Rising Channel have failed, confirming that the long-term bullish structure is no longer in play. The neckline of the H&S pattern, previously broken, has become a strong resistance zone, reinforcing the bearish momentum. The 50 EMA has flipped to resistance, making it even harder for bulls to regain control.
Currently, the 200 EMA is providing critical support. If this level fails, the downside momentum could accelerate significantly, leading to much lower targets. Key levels to watch include 5,687.33, 5,600.45, and the channel projection target of 5,119.26.
Bulls will need to defend the 200 EMA and push the price back above the 50 EMA to have a chance at reversing this trend. Otherwise, the market seems poised for further downside. Let me know how you’re approaching this setup shorting, waiting for a bounce, or something else? Stay sharp and trade carefully! 🚀
IPO : US IPO ETFAfter suffering a brutal bearish phase from 2021 to 2022 when the ETF ‘IPO’ suffered a 70% drawdown the ETF is recently having a renaissance. ETF has been having a comeback since 2024. It has recovered almost 80% from its lows. The recent weakness in the market has pushed it below 100 day SMA in the weekly charts.
Bullish XRP - XRP/BTC Chart - Weekly Time FrameXRP/BTC has broken out vs Bitcoin on the Weekly chart. This seems to be true no matter how you draw the lines too. The red line in the image in particular had several attempts made before finally breaking. So it was a strong resistance level. XRP broke out and re-tested the level perfectly. A bullish move upwards for XRP should continue in the coming weeks or months.
What this means is that XRP will be a better investment than BTC. XRP will make up some ground compared to BTC in terms of market cap.
Note: This agrees with my monthly analysis for XRP/BTC also. See link to related publication. Both are on high time frame charts which makes them more reliable, but they may take a long time to fulfill.
PGR new long term addWith this market uncertainty I decided to sell some riskier positions in my main spot account and add this large cap insurance play. PGR has the best ROE vs. revenue growth of the 20 insurance stocks I studied recently. The past few years they have expanded to a nearly 30% return on equity. If this channel holds, this is a great buy zone for the company leading into earnings. They usually beat all metrics and with a local bottom here and a decent correction I expect a nice upside, the fib extension target is 313$, this matches up with my fundamental analysis of the company target between 295-310$. This is a much safer bet than low price to book value based insurance plays. Progressive also has less risk than many competitors that are overexposed to the California fires.
HelenP. I Bitcoin can correct to trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. In this chart, we can see how the price rose to the trend line and then turned around and dropped to the resistance level, which coincided with the resistance zone. After this, the price tried to grow but failed and broke the 101000 level and continued to fall to the support level, which coincided with the support zone, and when BTC reached this level, it at once rebounded up. Then price turned around and made a correction movement to the support level, after which repeated movement up to almost the resistance level. Next, Bitcoin made a correction to the 93200 support level again and even entered to support zone, but soon turned around and rebounded up to the trend line. When the price reached this line, it broke it and made a retest, after which continued to grow to a resistance zone. So, when BTC entered to resistance area, it turned around and at once dropped to the trend line, breaking the resistance level one more time. Just now, the price trades near the support level and I expect that BTCUSDT will correct to the trend line and then start to grow. For this case, I set my goal at 97000 points. If you like my analytics you may support me with your like/comment ❤️
AUDCHFHere we come, today, 11 January 2025. I learnt that my girlfriend has other two boyfriends she has been hiding from me, Im so heart broken as we speak but I decided to go face the charts just to relax my mind a bit. So here Im strongly for bulls, however in the short run, where Bears are indicated on this RSI Divergence, sell cautiously. With the green pen, Ive spotted a Cup and Holder pattern seeming to unfold if we open the markets with strong buyers, lookout for the resistance breakout of the cup's handle and buy cautiously. With the reds, its purely Supply nd Demand, Support and Resistance.
EURUSD Will be in bearish direction after Breaking ChannelHello Traders
In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET
today EURUSD analysis 👆
🟢This Chart includes_ (EURUSD market update)
🟢What is The Next Opportunity on EURUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OPK Longin uptrend, trendline break + retest
Long 1.6
Stop 1.35
Target 2.2
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
For non-Pro option traders, better begin from buying ITM options and keep 90+ days, Selling OTM and less than 60 days.
I will try some samples to test my chart reading and OP strategy :
"Buy in the money (ITM) calls in daily uptrend, and keep 400 days. "
CAN price 1.6 11/19/2024
BuyToOpen Jan2026 Call C1 Limit 1.0 (C1 Delta 0.87 , 422 days )
ITM C1 has 0.6 value.
OPK price 1.6 11/20/2024
BuyToOpen Jan2026 Call C1 Limit 0.65 (C1 Delta 0.85 , 421 days )
ITM C1 has 0.6 value.
Gold to USD (XAU/USD) Analysis - 1-Hour Timeframe
Key Levels to Watch:
Resistance Levels:
The $2660 level serves as the immediate resistance near the current price.
Higher resistance levels are located at $2680 and $2700, both of which could act as strong barriers.
Support Levels:
The $2640 level is acting as a key support, currently being tested by the price.
If $2640 breaks, the next support lies at $2620, followed by a stronger support level at $2600.
Trend Overview:
A short-term uptrend has been visible since December 23rd, suggesting bullish momentum.
Currently, the price is correcting around the $2640 level, which might provide a good buying opportunity if the support holds.
Trade Idea: Buy Opportunity
If the price respects the $2640 support level and forms bullish reversal candlesticks (e.g., a hammer or bullish engulfing candle), a buy position can be considered.
Targets:
Target 1: $2660
Target 2: $2680
Stop Loss (SL):
Below $2635 (5 dollars below the key support).
Scenario for Support Break:
If the price breaks below $2640 and stabilizes below this level, it might move toward $2620 or even $2600.
In this case, it’s better to wait for a new confirmation before entering a position.
Conclusion: The $2640 support level is crucial in determining the next direction for gold. A proper stop loss and adherence to risk management strategies are essential for navigating this trade effectively.
SHIB 50% profitThis chart presents a trading opportunity for SHIB/USDT with clear take-profit (TP) levels and a promising uptrend cycle. 📈
Analysis:
The yellow moving average (MA) highlights a trend shift to bullish momentum. SHIB's price has crossed this line, indicating a potential breakout. 🚀
A strong support level is visible near 0.00002139, preventing further downside. 🛡️
The green zone represents the risk-free entry point, suggesting limited downside risk if proper stop-loss levels are respected. ✅
Targets are clearly defined:
TP1: 0.00002373 🎯
TP2: 0.00002641 🥈
TP3: 0.00003212 🥇
A big uptrend cycle suggests SHIB could reach these targets as it attracts more buyers. 🐂
Strategy:
Entry Zone: Current price levels around 0.00002139 are favorable for opening long positions. 💹
Stop Loss: Place at 0.00002019 to limit risks. 🛑
Profit-Taking: Gradually secure gains at each TP level. 📊
Market Sentiment:
Volume bars show increasing participation, signaling that buyers are stepping in. If this continues, SHIB is likely to hit its targets. 🔥
Final Note:
This is a low-risk, high-reward setup based on technical indicators and market structure. Always monitor the market for sudden changes and stick to your plan. ⚠️
INDIGO immediate support 1240The stock is currently approaching a robust support level, which indicates it may be an ideal time to consider enhancing your investment position. By adding to your holdings periodically, you can take advantage of this potential uptrend for substantial long-term growth. This strategy not only capitalizes on favorable market conditions but also positions you well for future gains as the stock matures.
Oil Driven by Economic and Geopolitical FactorsOil prices have experienced a remarkable surge, with gains reaching nearly 5% at the peak of the session, marking one of the most positive trading days since late 2023. While part of the initial momentum has moderated, crude remains substantially up, around 3%, largely driven by the strength of the U.S. labor market, as revealed by the recent Non-Farm Payrolls (NFP) data.
This solid performance in U.S. employment reinforces the outlook for a robust economy, which in turn exerts upward pressure on commodity prices, especially energy commodities like oil. This rebound is not an isolated event. Crude has found a new support level around $67 per barrel for WTI, driven by factors such as the increase in fuel demand due to recent winter storms, the ongoing production cuts by OPEC+, and expectations of potential sanctions under the new administration.
The December 2024 NFP data far exceeded market expectations, with the creation of 256,000 jobs, the largest increase in nine months, compared to the 160,000 forecast. This figure, alongside other positive economic indicators such as the services PMI and job openings, strengthens the narrative of a resilient U.S. economy.
The robust U.S. labor market acts as a catalyst for energy demand, driving oil prices higher. This economic dynamism, combined with geopolitical factors and decisions by OPEC+, creates a complex yet favorable environment for crude in the short term.
Beyond short-term factors, the production strategy of the new administration will play a crucial role in the evolution of oil prices. Plans to increase production by over 3 million barrels per day could have a significant market impact.
The projected increase in oil production by the administration introduces a key uncertainty. This could limit upward price pressures and potentially shift the balance in the global oil market.
In summary, oil prices are currently in a period of notable dynamism, driven by a combination of economic, geopolitical, and strategic factors. The strong U.S. labor market, the supply restrictions by OPEC+, and expectations surrounding the new administration shape a complex scenario that markets will closely monitor. Recent economic data, with an unexpectedly strong labor market, suggests economic resilience that supports energy demand. However, the potential increase in domestic production could temper this momentum. The balance among these factors will determine the trajectory of oil prices in the coming months.
Apple at a Key Support on the Daily Chart: Is It Time to Buy?Apple Inc. (AAPL) has been in a clear uptrend since the start of the year, buoyed by a well-defined ascending trendline. The stock recently reached an all-time high near $260.00 but has since corrected to a key support level around $240.00. This support level is further validated by the 50% Fibonacci retracement, indicating a potential area of interest for buyers.
Buy Scenario
The current price level of $240.00 represents a significant confluence of support, combining the ascending trendline, the 50% Fibonacci zone, and a horizontal support level. If the price exhibits signs of reversal in this area, such as the formation of a bullish candlestick pattern (e.g., a hammer or engulfing pattern), it could present an attractive entry point for buyers.
Main Target: An upward movement could aim for resistance at $260.00, offering substantial upside potential of approximately 6%.
Possible Stop Loss: A stop loss could be placed just below the support level at $235.00 (about 3.6% from the entry), serving as protection against false breakouts or a continued decline.
Alternative Sell Scenario
Conversely, if the price breaks below the $240.00 support and the ascending trendline, we may see a more significant reversal. In this situation, the stock could target lower levels, with the next support located at $222.00, which aligns with a previous low.
In Summary:
The price action around the current support level will be pivotal in determining AAPL's next move. Investors should closely monitor candlestick patterns and volume in this support region to make informed decisions between potential buy or sell scenarios. Additionally, staying updated on relevant news, such as quarterly earnings reports or macroeconomic developments, will be crucial for assessing market influence.
Disclaimer:
74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested.
AUDUSD → Trigger breakdown will trigger a fallFX:AUDUSD is approaching the trigger that can provoke a strong fall. Against the backdrop of a strong and rising dollar, the Aussie doesn't stand a chance yet.
The price is testing the level from the weekly timeframe, the breakdown of which will open the way to the abyss. There is no support until 0.54-0.55. Based on Trump's policy, the Fed's stance and the potential of the Australian dollar we can say that the odds are generally quite high that the price will continue its decline in the medium term expectation.
Technically, on 4H the price is approaching the level of 0.6179. A pre-breakdown consolidation is forming in relation to the level. I do not exclude an attempt to retest the local resistance before further breakout, but the general technical and fundamental situation hints at a decline.
Resistance levels: 0.6199, 0.622, 0.6274
Support levels: 0.6179
Downward channel, retest of support after false breakdown of resistance (deceptive maneuver before a strong fall). Emphasis on the trigger at 0.6179. Breakdown and price consolidation below the level will trigger a fall
Regards R. Linda!
HelenP. I Gold will correct and then continue rise in channelHi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price rebounded from support 1 and then dropped to the trend line, thereby breaking support 2, which coincided with the support zone. After this, the price started to grow inside the upward channel, where it soon broke support 2 one more time but later made a correction back to the trend line. Some time later Gold finally broke support 2 and then made a retest, after which some time traded near this level and even made a fake breakout of it with a trend line. After this, the price backed up to the channel and continued to grow and later reached support 1, which coincided with the resistance zone and broke this level. Gold rose to the resistance line of the channel and then made a correction movement to the trend line (support line of the channel) and then quickly backed up to the resistance zone. At the moment, the price continues to trades in this area and I think that XAUUSD will make a correction below the support level and then continue to grow inside the upward channel. For this case, I set my goal at 2670 points. If you like my analytics you may support me with your like/comment ❤️