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Dow Jones Wave Analysis 11 November 2024 - Dow Jones rising inside impulse wave 5 - Likely to reach resistance level 45000.00 Dow Jones index continues to rise inside the minor impulse wave 5, which previously broke the key resistance level 43500.00 and the resistance trendline of the daily up channel from August. The active impulse wave 5 belongs to the weekly upward impulse sequence (C) from April of this year. Given the clear weekly uptrend, Dow Jones index can be expected to rise to the next resistance level 45000.00 (target price for the completion of the active impulse wave 5).
TVC:DJILong
by FxProGlobal
Bitcoin Long Term Analysis & Price PredictionSince 2013, Bitcoin has followed a clear trend of setting tops the year after the most recent halving event. It has also been moving in a very clear trend channel in that time. Bitcoin has yet to experience a real prolonged bear market. My prediction is predicated on us not having a recession until 2026. If we do, the market is probably going to top much sooner and lower than this chart. If we have a recession in 2026, I expect the price of Bitcoin to break the current trend channel and head into a lower one as per the chart. If on the other hand we have a true soft landing, I expect Bitcoin to stay in the current trend channel and head for another post halving year top in 2029.
BNC:BLXLong
by kwest
Match Group | MTCH | Long at $32.00Match Group NASDAQ:MTCH is finally at an attractive valuation with ~13 P/E after a stunning rise that started in 2017. The amount of data this company has on its users in such a particular niche will be highly valuable as the world moves toward AI and AI matchmaking. Once large investors realize this, I (personally) feel this stock will 3x or more in the coming 2-5 years. However, it could be a bumpy road to get there since right now earnings growth is stagnant. From a technical analysis perspective, the price was approaching its historical overall simple moving average (SMA, green and white lines). Typically, the closer the price gets to this SMA, there a jump to touch it and consolidate. After the most recent earnings drop, I believe it may be priming / consolidating itself further for a move up (although a dip to $25-$26 wouldn't surprise me). Thus, at $32.00, NASDAQ:MTCH is in a personal buy zone. Target #1 - $37.00 Target #2 - $43.00 Target #3 - $50.00 Target #4 - $62.00
NASDAQ:MTCHLong
by NicksAnalysis
Bearish Correction Expected with Key Bullish Trigger at 44270Technical Analysis The price has increased by approximately +5.20% over the past week. Today, a corrective move toward 43900 is expected, with a break below 43760 potentially signaling a bearish trend targeting 43350. Alternatively, a break above 44270 would open a new bullish phase, aiming for 44400 and 44600. Key Levels: Pivot Point: 44270 Resistance Levels: 44400, 44600 Support Levels: 43900, 43760, 43350 Trend Outlook: Bearish Correction toward 43900 Bullish Continuation above 44270 previous idea:
OANDA:US30USDShort
by SroshMayi
EURUSD InsightHello, subscribers! Please feel free to share your personal opinions in the comments. Don't forget to like and subscribe! Key Points: - The Fed cut rates by 25 basis points, with Chair Powell expressing a positive outlook on the current U.S. economic situation. - Improvement in U.S. consumer confidence. - The "Trump trade" remains strong. - Weakening of the yuan amid disappointment over China’s response to local government debt issues. Major Economic Indicators: - November 12: Germany’s October Consumer Price Index (CPI) - November 13: U.S. October Consumer Price Index (CPI) - November 14: U.S. October Producer Price Index (PPI) - November 15: Speech by Federal Reserve Chair Powell, Japan’s Q3 GDP, U.K. Q3 GDP, U.S. October Retail Sales EUR/USD Chart Analysis: With the lower support line breaking down, EUR/USD has retreated to the 1.07000 level. The chart indicates a break from the upward trend, suggesting that EUR/USD could further decline to the 1.04500 level. A bearish outlook is expected to persist in the short term.
Short
by shawntime_academy
USDCHF Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Long
by ShahedZare
USDJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Long
by ShahedZare
EURUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
Gold Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
FX:XAUUSDShort
by ShahedZare
Alikze »» GRT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H - In the analysis presented in the weekly time frame , it was mentioned that an AB=CD pattern has been formed. - It is moving in an ascending channel in the 8-hour time frame. 💎 In the OB area, it can face the demand again by creating demand and liquidity hunt at the bottom of the channel and continue its growth up to the top of the channel. - Then I expect it to continue its growth to the supply area to form the third wave or wave C. ⚠️In addition, if the correction extends to the Invalidation LVL range, the bullish scenario in the 8-hour time frame is invalidated and must be reviewed and updated again.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:GRTUSDT
Long
by alikze
4
How could we not lose this long position?We missed his entry point, but he had very good points😉 Pay attention, when the price was lowered, the volume decreased and when the price increased, the volume increased It has had 4 collisions, after each collision that level weakens, with a weak reaction, before breaking the trend line, pay attention to how many base candles we put You can also see the weakness of the sellers in the 4-hour time frame. You can see that the volume decreased when the price fell. When you understand that the purchasing power is stronger, you can enter the strategy you have As for now, I will wait for the market to make a structure🧐 If you want me to analyze a coin, tell me in the comment🫡 ⚠️ Do capital management to survive ⚠️
by parsa_xa
XAUUSD 10/11/24XAU Followed our newly established selling buyer last week, a clear shift to the downside. Of course, this was helped by the US election and the results. We now have the same scenario and the same bias in place. We have one area of supply that has already been tapped into. We have 2 liquid highs that are situated at that area of supply and then a higher point of supply which is untapped. Now ultimately we aim for the low as always a pullback is not necessary, but this is gold. So there is a scenario that all these points for selling will fail and we will then aim for the all time high. Our current bias is bearish if this changes during the week and we will update everybody. if it does not we will continue to sell this down to lower pricing before institute becomes interested once again. Follow your plan and stick to your risk!
OANDA:XAUUSD
by rosshayes
EURUSD 10/11/24Last week’s shift in the EU bias changed our view from short to long. However, as we always say, high-impact fundamentals can move the market, sometimes in line with our bias and sometimes against it. In the case of the U.S. election, the result pushed prices lower. This happened because the USD gained significant strength when the new president was elected. Now, we're back to our more favorable sell bias. With the recent shift lower, the higher timeframe aligns with this bias again, allowing us to target last week’s lows. We have several points to watch for a bearish shift: the supply area in the middle of our current range and the two highs at the top of the range from Friday’s 4:00 AM move. If these highs are taken, we expect price to sell off and continue down to our target lows. There's a possibility of price moving up to the major high we’ve marked, but this is unlikely given our bearish bias. If this happens, we’ll still aim for the target low. A pullback would give us an even better position to sell into that low. As it stands, we have a relatively large fundamental range, so price may fluctuate within this range for some time. Follow your plan and stick to your risk!
by rosshayes