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APPLE $AAPL - Feb. 23rd, 2024APPLE NASDAQ:AAPL - Feb. 23rd, 2024 BUY/LONG ZONE (GREEN): $187.15 - $196.20 (can be extended to 185.00) DO NOT TRADE/DNT ZONE (WHITE): $181.50 - $187.15 (can be shortened to 185.00) SELL/SHORT ZONE (RED): $175.40 - $181.50 Weekly: DNT Daily: DNT, Lean Bearish 4H: Bearish Currently would not enter in Apple, NASDAQ:AAPL , as I believe the current zone is untradeable, but something I would be looking for in the next week or so. Bulls could enter around 187.15, but an earlier entry might be above the current daily candle (also the current 4h structural high) around 185.00 or at the top of the bearish zone at 181.50. I did draw a bearish zone although I personally would not be looking to go short. The daily timeframe is lean bearish because the most recent level break was to the downside, weekly would need to see a new low (lower than the most recent two weeks) or a close below level 181.50 to be switched to bearish. 4H has strong bearish structure despite seeing two green days out of the last three. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
NASDAQ:AAPL
by TonyAiello
Lyft-ing Off: Why $LYFT is Poised for a Bullish Future NASDAQ:LYFT has retested the $12 major support level and has a huge bullish momentum. The stock highly undervalued at this price and due for a major upside. First off, let's talk about the elephant in the room: the pandemic. While it's been a wild ride for ride-sharing companies, Lyft has shown resilience and adaptability. They've implemented safety measures and expanded their offerings, which has helped them weather the storm. As the world continues to recover and people start moving around more, Lyft could be in a prime position to capitalize on the pent-up demand for travel and transportation. Secondly, Lyft has been making strides in the autonomous vehicle space. They've partnered with some big names in the industry and have been testing their self-driving cars in various cities. If they can successfully integrate this technology into their platform, it could give them a competitive edge and potentially drive down costs in the long run. Lastly, let's not forget about the power of the gig economy. As more people look for flexible work options, the pool of potential drivers for Lyft grows. This could help them maintain a strong supply of drivers and keep customers happy with shorter wait times and more reliable service. As a major competitor for UBER, Lyft is highly undervalued at this price and looking to make some major moves to the upside.
NASDAQ:LYFTLong
by EgideSimba
🌟📉 Exciting Update on USDCAD's Ranging Market! 📊💼As mentioned earlier, let's dive into the latest developments regarding USDCAD's market dynamics. Get ready for insightful updates and potential trading opportunities. 🚀📈 📉 Downward Trend Forecast: Our analysis suggests that USDCAD is poised to transition into a downtrend. Why? Because we anticipate further downward movement in the DXY (Dollar Index), which could influence the direction of USDCAD. Stay tuned for potential bearish opportunities! 👇📉💰 ⚠️ Managing Sell Orders: If you have active Sell orders through your EA, it's advisable to consider adjusting your strategy. Specifically, you may want to halt new sell orders when USDCAD experiences a rebound from the demand zone (1.3456), as illustrated. This adjustment can help you navigate the evolving market conditions effectively. ⚙️📉💡 🔄 Next Up: AUDJPY Ranging Market: Looking ahead to next week, we shift our focus to a new ranging market opportunity—AUDJPY. Stay tuned for our next post, where we'll provide valuable insights and analysis on this currency pair. Get ready for another exciting trading prospect! 📆🔍🌍 Embrace the updates, adapt your strategies accordingly, and seize the potential within USDCAD's ranging market. Don't forget to join us for the upcoming post on AUDJPY, where we'll uncover more trading possibilities. Let's make the most of these opportunities and aim for profitable trades! 💪💼💹 #USDCAD #RangingMarketUpdate #DownwardTrendForecast #AUDJPYNextWeek #TradingOpportunities 📈🔍💱
by ICT_Trader_SB
BTC Volatility Rollercoaster: A Tale of Passion N Patience."Reflecting on the recent BTC price movement, my earlier prediction of it not hitting ATH before the halving proved incorrect, as it soared to 69200. Although I missed the long opportunity after exiting in the 46k range, I don't regret not participating in the Bull Run. I maintain confidence in an impending market correction, anticipating the opportunity to buy BTC below 30k. Staying true to my strategy, I've initiated a short position at 68900 with a stop at 69200, acknowledging the associated risks. In contrast to the current bullish sentiment, I remain bearish, driven by insights from the MT Pandora's Box indicating an anticipated dump either before or after the halving. While my affection for BTC is undeniable, self-preservation takes precedence, and patience is my ally. I foresee a substantial dip below 30k, positioning myself for significant gains. Despite my optimism for BTC reaching 120k by the end of 2025, the current price doesn't align with my strategy. The introduction of BTC ETF has heightened volatility, and I anticipate more fluctuations during the upcoming market correction. For those already in the market, my advice is to hold tight; the drama is expected to subside in less than six months from October 2024. As the dump unfolds, focus on strategic buying rather than succumbing to panic-induced selling. Remember, patience is key, and hasty decisions may lead to regrets. Let's navigate these market dynamics with a calculated approach. Happy Trading BITSTAMP:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD
BINANCE:BTCUSD.PShort
by MachiavelliTrader
💡 USDCHF: Forecast March 6USDCHF D1 decreased yesterday, with a narrower fluctuation range compared to the previous few D1 bars, showing cumulative price compression. With the current sideways state, yesterday's narrowing of fluctuations suggests the possibility of an explosion in price fluctuations for USDCHF in the near future. The accumulation status of USDCHF H1 is in the form of a symmetrical triangle model - which can create price fluctuations when the model is broken. The main trend of USDCHF H1 today continues to be waiting to buy.
Long
by Stone_Haven
💡 XAUUSD: Continued strong upward momentumGold prices were still trading near a three-month high on March 5 as US construction and manufacturing spending declined, while investors awaited a statement from the Federal Reserve Chairman. US state (Fed) Jerome Powell and important US employment data in February 2024 to provide signals on interest rate policy “The rally in gold prices was triggered by weaker-than-expected US economic data and a decline in real interest rates,” said UBS strategist Joni Teves. But the general trend is to promote buying at low prices and investors' positive psychology towards gold also makes the market prone to price increases." Market focus now shifts to Fed Chairman Powell's two-day Congressional testimony on March 6-7, while awaiting February jobs data, which will give investors more Clues about the "health" of the US economy and the timing of potential interest rate cuts by the Fed.
OANDA:XAUUSDLong
by Stone_Haven
💡 GBPUSD: Forecast March 6Yesterday's increase was the third consecutive increase for GBPUSD, however there were signs of weakness because yesterday's D1 bar had a long upper shadow, swept to the nearest peak and then pulled back down, creating a false break. Because there has not been a previous break from the inside bar, GBPUSD D1 is still in a state of accumulation and price compression. Creating a new high price peak and maintaining a gradually higher price high and low structure helps GBPUSD H1 establish a continuing upward price trend. However, due to the weakness in D1, H1 should only be bought from the strong support zone below. You can wait to sell if this bottom is breached.
Long
by Stone_Haven
💡 XAUUSD: The upward momentum continuesWorld gold broke the resistance level of 2,050 USD/ounce thanks to expectations of loosening monetary policy by the US Federal Reserve (Fed) after somewhat weak US economic reports were published. Although prices have recovered, many analysts are concerned that gold may encounter difficulties. After each time the precious metal breaks the resistance level, the market quickly receives a sell-off trigger for profit-taking by investors. Profit-taking could push prices back into the range that has been in place for some time now. Gold Price Forecast: Last week, 14 analysts participated in Kitco News's gold survey. The surprising thing is that no one predicts gold prices will decrease in the near future. The survey showed that 79% of analysts believe that gold prices will increase in the near future, while the remaining 21% think that gold prices will move sideways. Meanwhile, 175 votes in Kitco's online survey. 77 retail investors (44%) expect gold to increase in the near future. Another 43 people (25%) predict the price will decrease, while the remaining 55 people (31%) think the gold price will go sideways.
OANDA:XAUUSDLong
by Stone_Haven
💡 GOLD: Forecast March 4Gold had an extremely strong price increase in the last session of the week. Buy signals were activated after the price broke the important confluence level of 2050, this break marked the end of the previous downtrend. Now that the initial target of the long position has been approached (around 2080), you should consider reducing risk by moving the SL and/or exiting the order partially. The 2080 area has been an extremely strong resistance level in the past, so it cannot be ruled out that sellers will return here and create downward corrections before the uptrend continues. If you don't have any buying position yet, you should wait for the opportunity after the corrections and avoid chasing prices at this time.
TVC:GOLDLong
by Stone_Haven
💡 XAUUSD: Expected to reach a shocking peak in the near futureCentral bank gold purchases have “surged to record levels” in recent years, as regulators seek to diversify reserves and reduce credit risk. China and Russia are leading gold purchases, while India, Türkiye and Brazil are also increasing bullion imports in large quantities. Citi Bank experts said: “The most likely path to $3,000/ounce of gold is the rapid acceleration of an existing but slowly developing trend - de-dollarization of banks. central banks in emerging markets, thereby leading to a crisis of confidence in the US dollar.
OANDA:XAUUSDLong
by Stone_Haven
3
How to Trade Trends the Right WayHow to Trade Trends: A Comprehensive Guide Trend trading is a fundamental strategy for many traders, offering the potential for significant profits if executed correctly. However, mastering trend trading requires more than just following a single indicator. In this guide, we'll explore the intricacies of trend trading and how you can enhance your strategy for better results. 1. Utilize Multiple Indicators Relying on a single indicator to gauge market trends is like trying to understand a story by reading only one page. To get a comprehensive view of the market's direction, you should use multiple indicators. This approach can help you confirm trends and avoid false signals. Some popular indicators include moving averages, MACD (Moving Average Convergence Divergence), and RSI (Relative Strength Index). By analyzing these indicators together, you can get a clearer picture of the market's momentum and make more informed decisions. 2. Infinite Nature of Trends One of the most important concepts in trend trading is understanding that trends, by nature, are infinite until a clear trend change is identified. This understanding shifts the focus from setting arbitrary take profits (TPs) to managing trades with dynamic stop losses (SL). Instead of trying to predict where the trend will end, adjust your stop loss to subsequent swing highs or lows. This method allows you to stay in the trade as long as the trend continues, potentially capturing larger gains. 3. The Benefit of Longer-Term Trends While it may be tempting to trade on shorter time frames for quick profits, longer-term trends often offer more substantial rewards. A trend that exists on a daily or weekly chart is less likely to be disrupted by short-term volatility. Although these trades may require more patience, they tend to exit less frequently, allowing you to ride the trend for greater potential profits. Exiting a trend too early or trading on a system that changes signals often can result in missed opportunities and reduced profitability. 4. Strategies for Lower Timeframes For traders who prefer lower timeframes, the high volatility can make trend trading challenging. One strategy is to use the underlying trend from a higher timeframe as a bias and apply mean reversion strategies on the lower timeframe. This approach involves entering trades at a discount during an uptrend or at a premium during a downtrend. By aligning your trades with the overall trend direction, you can improve your chances of success even in a volatile market. Combine multiple indicators for a comprehensive analysis. Understand the infinite nature of trends and use dynamic SL. Focus on longer-term trends for greater profit potential. Use mean reversion strategies on lower timeframes with an overall trend bias. "Trade the trend until it ends." In conclusion, trading trends is more art than science, requiring a nuanced understanding of market indicators, patience, and discipline. By using multiple indicators, adjusting your approach based on the timeframe, and managing your trades dynamically, you can enhance your trend trading strategy for better results. Remember, the key to successful trend trading is not predicting the market's every move but rather managing your trades in a way that aligns with the overall market momentum.
Education
by AlgoAlpha
3
NDQ100 (Nasdaq) Thoughts and Analysis. Today's focus: NDQ100 (Nasdaq) Pattern – Continuation (Bullish) Support – 17,804 Resistance – 18,047 Hi, traders; thanks for tuning in for today's update. Today, we are looking at NDX100 on the daily chart. Today, we are asking if the NDX100 index will contnue to move higher after putting up several key price action points. Have buyers set the tone for a new extension higher? A main point for us will be that price remains above resistance. We have also run over a few warning signs if sellers start a new push lower. Good trading.
EIGHTCAP:NDQ100Long
by Eightcap
Medium Term ACH Coin Analysis#ACH He needs to win the $0.022 zone again and rise again at $0.0252. However, in the scenario where the $0.022 level is not regained, we want to evaluate the $0.01687 and $0.01499 levels for medium-term spot buying. We will buy if the price drops to $0.01687 with a sharp decline. The region where we are considering a second spot purchase is at $0.01499. If it starts the bullish movement from the expected region, our first target will be $0.0252 and our second target will be 0.02903. It Is Not Investment Advice.
by wagmitraders
5
BITCOIN $BTCUSD - Feb. 13th, 2024BUY/LONG ZONE (GREEN): $46860 - $56275 DO NOT TRADE/DNT ZONE (WHITE): $42580 - $46860 SELL/SHORT ZONE (RED): $35550 - $42580 Overall the market has a bullish sentiment, price has recently broken above my previous buy zone so I decided to rechart new areas that I would look to enter at. Levels and zones are drawn from the daily and weekly timeframes. I threw a few of the recent events around structure that I would look directly towards for new information on where price is headed and around where to enter. There is a lot more ideas on a lot more timeframes, but this is what I immediately look towards. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
BITSTAMP:BTCUSDLong
by TonyAiello