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🌟📈 Weekly Chart Technical Analysis for QQQ! 📊💼Let's dive into the exciting world of QQQ and explore its weekly chart. Get ready for valuable insights and potential trading opportunities. 🚀📈 🔄 Cycle Analysis: With a cycle period of 20 weeks, QQQ has just embarked on a new cycle. This fresh cycle opens up intriguing possibilities and potential shifts in market dynamics. Let's unravel the future of QQQ! 🔄📆 📈 Key Level Breakout and Retest: In December 2023, QQQ successfully broke out of the key resistance level at 190.8, and we've witnessed a subsequent retest of this important level. This validates its significance and sets the stage for potential movements. Based on this, we anticipate QQQ to remain above the support level of 395.34 for the next 20 weeks. 💪📈🔐 💡📉 Retracement and Consolidation: Our analysis reveals the presence of MACD divergence on the weekly chart, along with a prolonged extension. Consequently, we expect a normal retracement back to the support level of 395.34, followed by a consolidation above this level for the majority of the next 20 weeks. This retracement and subsequent consolidation present interesting opportunities for traders to navigate. 💡🔄📉 🔄📊 Potential Impact on Strong Stocks: During the retracement phase of QQQ, it's worth noting that certain robust stocks with higher Beta values than QQQ may experience a noticeable drop, potentially retracing back to their respective support levels. This phenomenon can provide unique trading opportunities for those closely monitoring these stocks. Keep a watchful eye! 👀📈📉 Embrace the insights, seize the potential within QQQ's weekly chart, and consider the captivating opportunities it presents. Remember, trading carries risks, so always exercise caution and diligence. Let's make the most of these chances and aim for profitable investments! 💪💼💹 #QQQ #WeeklyChartAnalysis #SupportLevelRetracement #ConsolidationPhase #StrongStockOpportunities 📈🔍💱
NASDAQ:QQQ
by ICT_Trader_SB
XAU/USD 19-23 Feb 2024 Weekly AnalysisWeekly Analysis: Outlook and bias for this coming week remains unchanged. -> Swing: Bullish. -> Internal: Bearish. -> Did not reach EQ. Price has not yet reached 50% EQ. Price remains in pullback phase in the premium swing/internal, therefore, I will still be looking to looking to short. Bullish pullback following bearish iBOS now most likely complete and will target weak internal low. Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated (highlighted with dotted horizontal line) As mentioned last week, request to LTF's would be to shift bearish to facilitate bearish pullback. Anticipate structure to indicate start of pullback phase once price prints CHoCH. Weekly Chart: Daily Analysis: Bias has remained unchanged since last week: -> Swing: Bullish. -> Internal: Bullish -. Sub-Internal -. Bearish -> Has reached EQ. Price has failed to close above strong internal high whereby we are now in premium EQ of the internal range. Price remains, as last week, to be trading within internal high and low. I have now mapped sub-internal structure in red to gain a micro-view of the Daily Timeframe. Sub-Internal structure has printed a bearish iBOS where we are now seeing a bullish pullback. Bullish pullback has reacted at a Daily POI. Daily Chart: H4 Analysis: Analysis/expectation remains the same as yesterday (16/02/2024) -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. Price has printed a further bearish iBOS followed by a bullish CHoCH which is the first structural indication that pullback following bearish iBOS has initiated. Expectation dated 16/02/2024 was for price to continue bullish and react at H4 POI or 50% EQ which price did and currently doing. Await bearish price action to confirm bullish pullback is complete for price to target weak internal low. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
16th Feb - Daily and weekly anticipated levelsPlease take a look to previous (15th Feb.) daily and weekly levels. Please pay attention this is BYBIT:BTCUSD.P on 1 hour timeframe. I will keep posting these daily and weekly levels everyday, please use these levels as a tool for making your decisions or managing your positions. These are anticipated support and resistance levels, and their reliability depends on their timeframe, therefore, weekly levels are stronger than daily levels. Daily levels: These levels are valid for 1-2 days from the day of this post. Weekly levels: These levels are valid for this week and maximum next week Please update the chart with the actual price of BTCUSD to see the reaction of price to anticipated levels.
BYBIT:BTCUSD.P
by Rezakaz
15th Feb - Daily and weekly anticipated levelsPlease take a look to previous (14th Feb.) daily and weekly levels. Please pay attention this is BYBIT:BTCUSD.P TCUSD.P on 1 hour timeframe. I will keep posting these daily and weekly levels everyday, please use these levels as a tool for making your decisions or managing your positions. These are anticipated support and resistance levels, and their reliability depends on their timeframe, therefore, weekly levels are stronger than daily levels. Daily levels: These levels are valid for 1-2 days from the day of this post. Weekly levels: These levels are valid for this week and maximum next week Please update the chart with the actual price of BTCUSD to see the reaction of price to anticipated levels.
BYBIT:BTCUSD.P
by Rezakaz
Long term *reliable* Fibonacci levels - lose or rally up? The Fibonacci levels are projected based on weekly price move of BYBIT:BTCUSDC.P from August 2020 till January 2021 . For reliance discovery please follow yellow arrows. These significant price reaction are happened after revealing the levels. This shows these Fibo levels are highly reliable and has proved it can project the resistance and support levels with higher trust and accuracy. But still it is projection and anytime can be expired. We are now over an important level of ~48900, obviously we have 2 scenarios for next ~2 weeks; 1) remain 2) lose Right now there are still 6 days until weekly close, I would expect it closes under this level in upcoming 2 weeks. Unless, we will ride up till ~55500 level. Based on market behaviors it would be logical and stronger to range between 38221 and 48900 for sometime and then rally up. What is your opinion?
BYBIT:BTCUSD.P
by Rezakaz
XAU/USD 05-09 Feb 2024 Weekly AnalysisWeekly Analysis: Outlook/bias for this coming week remains unchanged. -> Swing: Bullish. -> Internal: Bearish. -> Did not reach EQ. Price has not yet reached 50% EQ. Price remains in pullback phase in the premium swing/internal, therefore, I will still be looking to looking to short. Bullish pullback following bearish iBOS now most likely complete and will target weak internal low. Bearish CHoCH will be the first indication that sweep of liquidity of internal high is confirmed bearish swing pullback has initiated (highlighted with dotted horizontal line) As mentioned last week, request to LTF's would be to shift bearish to facilitate bearish pullback. Anticipate structure to indicate start of pullback phase once price prints CHoCH. Weekly Chart : Daily Analysis: -> Swing: Bullish. -> Internal: Bearish -> Has reached EQ. Price pulled back following bearish iBOS as per expectation. Price has failed to close above strong internal high whereby we are now in premium EQ of the internal range. Price remains, as last week, to be trading within internal high and fractal low. Expectation: Price to target weak internal low. As per analysis of last week, In the event price continues to trade bullish, which it did, the likely scenario is for price to trade up to strong internal high before continuing bearish internal order flow. Daily Chart: H4 Analysis: -> Swing: Bullish. -> Internal Bearish. -> Has reached EQ. Price printed double bullish iBOS to confirm swing pullback phase is complete. Currently internal structure remains bearish. Price has once again to reacted to Daily and H4 nested supply levels where we saw a noticeable reaction. Price wicked above high of internal structure but failed to close above. Expectation remains as H4 analysis dated 02/02/2024, for price to continue to trade bearish to target weak internal low. H4 Chart:
OANDA:XAUUSD
by Khan_YIK
BITCOIN|Weekly roadmap and important areasHello friends, I hope you are doing well. We have the weekly bitcoin outlook. Bitcoin is now on an important supply area that has scalp reactions from this area. The important areas that we can consider for buying positions are the demand area (40160-39800) and the next level is $38900 . For selling positions, this upcoming supply area is a suitable place, the next area is (45700-46300) which we can have selling positions by reaching these areas.
Short
by Golden_Star1994
4
Gold weekly roadmapHello guys, I hope you are doing great, let's go for the weekly gold view. Currently, in the one-hour period, the $2060 area can be a good place for sell positions, of course, be careful not to enter the trade without confirmation. Currently, in the one-hour period, the $2060 area can be a good place for sell positions, of course, be careful not to enter the trade without confirmation. In the first reaction to this area, it went up from the price of 2017$ to 2040$, it gave us a profit of about 230 pips. In the second reaction, collected all the liquidity at the bottom of the range and moved up 2% from there.And moved up about 450 pips. Right now we see that it is bullish in reaction to the demand range.In smaller time frames, it is more likely that it will not react to the range ahead, so if it does not confirm, do not enter the trade. There is a possibility that it will go up to the range of 2080. you can look for a sales position there. This week, look for scalp positions in smaller time frames, even though gold is very bullish this week, I don't see buy positions on the chart, I only see high-risk scalp sell positions.
OANDA:XAUUSD
by Golden_Star1994
DXY ( USD Index ) Weekly Outlook.... BEARISHMay profits be upon you. DXY is now consolidating in between a bullish FVG and an bearish FVG. But it has been bearish, with downward momentum. I suspect it will continue this way, as price has found INTERNAL LQ in the bearish FVG, and is now seeking the EXTERNAL LQ at the lows. I believe the low at 100.320 is the DOL (Draw On Liquidity). Leave a comment, as I like to receive feedback from viewers! Thank you. May profits be upon you.
ICEUS:DX1!Short
by RT_Money
Elliott wave on "GRTUSDT" Weekly time frameHi Guys, You can see my prediction of the future price for GRT USDT. At this stage, we cannot definitively say that we are in wave 3 or wave c. That's why I labeled it with 3orc wave. In this case, the minimum target number for wave C is 0.344$. If the movement has a good acceleration and after reactions to the Wave C zone, a decision can be made regarding wave 3. Also be informed that normal targe for wave 3 is 0.88$ up to 1.57$
Long
by Amirreza_Pourrajab
1
XAUUSD|Examining possible scenarios for this week's transactionsHello friends, let's go to the first weekly outlook of 2024 for gold. In the last week, gold moved according to our view and managed to get the prices we wanted. My weekly view on gold is that due to the breaking of bullish structures, gold can continue its downward trend. In a more general view, you can see that the price behavior in the form of an ascending channel has now failed to record a new high, we are seeing bearish structures, downward trends have been broken, bearish candles are more powerful and the possibility of reacting to The range of support ahead is also very small. With the failure of this support area, which is the closest drawn area to the current price, we are sure that gold can have a price decrease and experience the prices of (1980) and (1970). Thank you for following and supporting me, I hope it was useful for you. I wish you a profitable week.
OANDA:XAUUSDShort
by Golden_Star1994
1
YNDX Stock: Unveiling Bullish Secrets Amidst Restructuring DelayProfessional Technical Analysis for YNDX Stock : Navigating Bullish Momentum Amidst Restructuring News Introduction: The recent restructuring announcement by Yandex, the tech giant, has triggered speculation and rumors, introducing an intriguing dynamic to the YNDX stock landscape. This professional technical analysis aims to decipher the implications of the delayed restructuring deal and assess the emerging bullish momentum. Market News and Restructuring Delay: The article on Investing.com ( www.investing.com ) provides insights into the anticipated delay of Yandex's restructuring deal until early 2024. This development has sparked market speculation and fueled rumors, adding an element of uncertainty to YNDX stock. Technical Analysis - Bullish Momentum: Post the restructuring delay announcement on the 25th, a surge of bullish momentum has been detected on the weekly timeframe for YNDX stock. A breakout candle has emerged, signaling a potential continuation of an ascending triangle pattern towards the 3110.6 mark. This pattern suggests a positive outlook, and traders are advised to monitor the developments closely. Key Price Levels to Watch: Take Profit at $2497.0 : The initial target for profit-taking aligns with the ascending triangle's breakout, presenting an opportunity for traders to capitalize on the bullish momentum. Take Profit at $2613.8 : As the momentum builds, the second profit-taking level serves as a strategic point to secure gains, anticipating further upward movement in YNDX stock. Take Profit at $2733.4 : The third and final profit-taking level represents a calculated exit point, considering the evolving market dynamics and the ascending triangle pattern's potential continuation. Conclusion: In conclusion, the delay in Yandex's restructuring deal has introduced an element of uncertainty, sparking rumors and speculation in the market. The subsequent surge in bullish momentum, particularly evident on the weekly timeframe, paints a positive picture for YNDX stock. Traders are advised to exercise caution and closely monitor the ascending triangle pattern's development, with the identified profit-taking levels serving as strategic guides in navigating this dynamic market landscape.
RUS:YDEXLong
by wikitrades
3
ETH IS AT RESISTANCE! POSSIBLE LONG TERM SCENARIO!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this important ETH update. Currently, ETH is trading under the $2100 level. As you see in this weekly chart, ETH forming a cup and handle pattern here and trying to break the neckline. Once it breaks the neckline and the weekly candle closes above it ($2150) then we see a massive growth of 80-100% in ETH price. On the other hand, rejection from here might take us to the lower trendline again ($1600 level) and if this happens then it will be the best opportunity to buy ETH. So conclusion is we should wait for a clear breakout here or if breakout doesn't happen then buy near the yellow trendline ($1600) What do you think about this? Share your thoughts in the comments section. if you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
2
Tata Motors on Weekly Chart Looking Good for Mid Term InvestmentAre you looking for a Breakout Stock? It's right here. What - Tata Motors on Weekly Chart Why - Just Broke Out of Resistance. How - I used Fibonacci Retracement to spot Exact Levels. What's your view on this? Please share. Contact 8130724243 for Stock Market Courses from NSE Academy. We are affiliated with Empirical F&M Academy and NSE Academy. Hope this post adds valuable insights to your trading/investment journey. Don't forget to share with your friends. (*Bcz as your friends join you will have someone like-minded with whom you can share and discuss and bring clarity to your learning and life.*) *** Disclaimer: Please note that this is only for Study Purpose and not a recommendation. So please do your own research before investing in market. #BreakoutStock #TradingStrategies #StockMarket #Nifty #chartpatterns #indicators
NSE:TATAMOTORSLong
by Trendx2
CDSL Weekly chart breakoutCompany Overview: Central Depository Services Limited (CDSL) is one of the two central securities depositories in India, facilitating the holding and transfer of securities in electronic form. As a key player in the financial infrastructure sector, CDSL plays a crucial role in supporting the efficiency and transparency of the Indian capital market. Market Position: CDSL holds a significant position in India's securities depository landscape, providing depository services to a diverse range of market participants, including investors, issuers, and intermediaries. The company's robust technology infrastructure and commitment to service quality contribute to its leadership in the depository services industry. Key Investment Themes: Dematerialization Trend: With the ongoing trend toward dematerialization of securities, CDSL is poised to benefit from the increasing preference for electronic holding and trading of financial instruments. The shift from physical to electronic securities aligns with global market trends. Growing Capital Markets: As India's capital markets continue to expand, driven by economic growth and increased investor participation, the demand for depository services is expected to rise. CDSL, being a key infrastructure provider, stands to gain from the growth in the securities market. Technology and Innovation: CDSL's focus on technology and innovation, including the implementation of blockchain technology, enhances the efficiency and security of its depository services. Continued technological advancements contribute to the company's competitiveness and adaptability. Diverse Product Offerings: CDSL offers a range of depository and related services, including dematerialization, pledge creation, and electronic voting. The diversity of its product offerings allows the company to cater to the evolving needs of market participants and broaden its revenue streams. Regulatory Support: As a regulated entity, CDSL operates under the oversight of regulatory bodies like SEBI. The supportive regulatory environment ensures adherence to best practices, fosters investor confidence, and contributes to the stability of the depository services industry. Risks and Mitigation: Market Competition: The depository services sector is characterized by competition. CDSL mitigates this risk through continuous improvement in service quality, innovation, and maintaining strong relationships with market participants. Technological Risks: Dependence on technology exposes CDSL to risks such as system failures and cybersecurity threats. The company addresses these risks through robust technology infrastructure, regular audits, and investments in cybersecurity measures. Regulatory Changes: Changes in regulations or the introduction of new market practices can impact the depository services industry. CDSL actively engages with regulatory authorities to stay abreast of changes and ensure compliance. Long-Term Outlook: Central Depository Services Limited presents a compelling investment opportunity as a key player in India's evolving capital market infrastructure. With the ongoing digitization of securities and the growth of the financial markets, CDSL is well-positioned to play a vital role in shaping the future of the Indian securities depository landscape. Investors seeking exposure to the financial infrastructure sector in India may consider including CDSL in their portfolio. However, it's crucial to stay informed about regulatory developments, technological advancements, and market dynamics while maintaining a long-term investment horizon. Conducting thorough research and periodic reassessment of the investment thesis is advisable to adapt to changing market conditions.
NSE:CDSL
by RajputAmarjit
Gold weekly forecast 23-27.10After two strong weeks, gold may slow down, starting with a retracement. The most likely scenario is that the price will go down, break the channel and fool the traders with a false breakout. But the price broke very strong reaction are, which we will observe later. I do not think gold will break the 4H manipulation that I have marked, but most likely it will use this area as support to continue higher. We will take a closer look at the price action to see what we can expect. Macroeconomics J.P. delivered a hawkish speech, warning of higher interest rates. This could lead to at least temporary bearish movements in gold. The war with Israel is still very active. We have seen gold rally aggressively with the start of this war. Employment is falling, or more accurately, it is not moving. Last reading of unemployment rate was unchanged. Which gives room for the FED to go further with IR. The latest CPI showed that inflation is still high, most likely because of oil prices. Although the core CPI showed a significant drop in inflation, it seems to me that this was not enough evidence for the FED. There are definitely bearish factors with the hawkish stance, but the war is a geopolitical risk, that does not happen very often. In my opinion, this risk will push the "safe haven" metal higher. Top-Down Analysis Monthly Gold is forming a very strong bullish manipulation. If this month closes as such a strong FU, we can be sure that the all-time high will be broken. Weekly Gold has just broken through a strong weekly manipulation area. Most likely, the price will come back for a retracement and continue on its bullish path. Daily I would say that gold is now in the daily reaction area where it has often ranged in the past. That makes, this week we may see a sideways price action. Benchmark Although the price action has been very strong and gold has been strong against other currencies, the benchmark indices are showing underlying weakness. This should give us a clue that we may see sideways price action this week. COT Reports Last week the pros were bearish, but it seems they have already sync with the banks. US Yields Yields are rising, but so is gold. It tells us that the big players are probably buying because of the war. XAUUSD vs GDX I do not like this divergence. History has shown that we should be cautious when there is such a divergence. BUT last year, during the strong rally in Gold I, such phenomena also happened. Gold vs Silver Silver is also very bullish but has failed to break through the highs. These two could form a SMT divergence, suggesting at least a slowdown in the current rally. Elliot Wave I am not sure if this is the right count as the extension is larger than normal, but for now I will focus on the bullish count. Volume Spread Analysis - Wyckoff patterns The volume on the recent low was large and did not suggest a reversal. Nevertheless, the war came and the economic events pushed gold higher. The current price action appears to be an accumulation - a classic Wyckoff pattern. Momentum We saw what happened last time when the price reached the band and became oversold. Right now gold is at the top of the band. The RSI has entered the overbought zone.
FOREXCOM:XAUUSDLong
by SerpentForexClub
2
USD/JPY Weekly Analysis - Potential SellWelcome to our weekly USD/JPY analysis on TradingView! In this post, we'll provide you with a comprehensive overview of the USD/JPY currency pair's current situation. It's currently trading within a channel, and we'll also discuss the possibility of a double top formation. Let's dive into the analysis! 📈 Key Weekly Analysis Points: Inside the Channel: Explore the implications of USD/JPY trading within the channel and its potential impact on future price movements. Double Top Potential: Discuss the formation of a potential double top pattern and its significance for traders. Support and Resistance: Analyze the crucial support and resistance levels within the channel and their importance. Trade Strategies: Discover potential trading strategies for a scenario involving both a channel and a double top pattern. If you're a trader or investor interested in USD/JPY, this post offers valuable insights to help you navigate the markets effectively on TradingView. Please remember to follow us for regular updates and analysis. Feel free to share your thoughts and questions in the comments section below. Your feedback and interaction are highly appreciated! Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Always conduct your research and consult with a financial advisor before making any trading decisions. Trading involves risks, and it's crucial to manage them wisely.
Short
by Forex_Int