S&P 500: Technical Insights and Trend ForecastS&P 500 Technical Analysis
The price has dropped from its previous significant high and has already broken the key level at 6058. It is currently attempting to reclaim this level.
As long as trades below 6058 will touch 6022.
Bullish Scenario, A 4-hour candle close above 6058 will signal a potential reversal, targeting higher resistance levels.
Key Levels:
Pivot Point: 6058
Resistance Levels: 6073, 6099, 6145
Support Levels: 6022, 5971, 5932
Trend Outlook: The trend remains downward while the price is below 6058.
Previous idea:
Supply and Demand
XAUUSD WIL SOON RETRUN TO 2670 SERIESXAUUSD Scalping and Swing Trading Opportunities: The gold market offers traders a unique mix of rapid intraday movements and longer-term price trends. Scalping provides opportunities for quick profits by capitalizing on minor price fluctuations, while swing trading allows for capturing larger market moves over days or weeks. With precise analysis, disciplined risk management, and a keen eye on technical and fundamental indicators, traders can strategically navigate the volatility of XAUUSD to maximize gains in both short and mid-term trades.
XAU/USD 10 December 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
Bias/analysis remains the same as analysis dated 25 November 2024.
Price Action Analysis:
As mentioned in yesterday's analysis dated 24 November 2024, whereby price was expected to print a bearish CHoCH. This is how price printed.
Currently, price is trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade down to either discount of internal 50% EQ, which is marked in blue, or H4 demand zone before targeting weak internal high priced at 2,721.420.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
Today's analysis and bias will remain the same as analysis dated 26 November 2024.
Price Action Analysis:
Intraday expectation and analysis dated 25 November 2024 printed as anticipated, with price successfully printing a bearish iBOS after targeting the weak internal low.
A correction from yesterday's intraday expectation: instead of targeting the weak internal high, price was expected to target the weak internal low.
Price has since printed a bullish CHoCH, indicating, but not confirming, bullish pullback phase. We are now trading within an established internal range.
Intraday Expectation:
Price is anticipated to trade up to either the internal 50% EQ or the M15 supply zone before targeting the weak internal low at 2,605.310.
Alternative Scenario:
The H4 timeframe has printed a bearish CHoCH, indicating the initiation of a bearish pullback phase coupled with the fact that H4 TF is now trading in discount of internal 50%. However, this suggests that bearish momentum on M15 may face limitations as the broader H4 phase unfolds.
Note:
Given the Federal Reserve's dovish stance and persistent geopolitical tensions, volatility in Gold prices is likely to remain elevated. Traders should remain cautious and prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
Long On GBP/USDI established last week, i would like to see some bullish activities on the cable and it played out but not form the position we would have loved to take long entires from but I believe another opportunity will present it self this week if the pair doesn't go into a temporary moment of indecision which will mean a short term range.
we can also sell short term to that place of interest or point of interest as the case maybe, we should also watch out for fundamentals, haven't checked so I wouldn't know.
KPITTECH - RSI Divergence on major support/Demand AreaStock currently showing classical RSI Divergence case where price has made a Lower Low and lower high on Major support zone but at the same time RSI is making HH and HL.
This can be a major turning point for stock to start up-moving only in case if it continues to make HH and HL.
RSI divergence is just a price behavior indicator which give indication of demand at demand zone and a confirmation of is always needed to support this fact by stock behavior making HH and HL.
BONK/USDT- BUY SETUPBINANCE:BONKUSDT
✔︎ENTRY :0.00004358
🏓TARGETS :
✔︎T1 : 0.00005098
✔︎T2 : 0.00006223
✔︎T3 : 0.00007639
✘STOP : 0.00004062
💡Reason for this trade:
This trade gives my trading system a sign of strength:
• My trading system is based on liquidity and reversal zones.
• When the liquidity is swept from one side under certain conditions, we will wait for the price on the other side.
The liquidity will attract the price like a magnet.
• the first side that has been swept:
1- 00
2- 00
3- 00
• Opposite side targets:
1- range low
2- failure swing point
3- sweep HVN
💡Entry setup
1- reclaim HVN
2- GOLDEN zone
3- reclaim HVN
all aligned in same conflunce zone
⚠️WARNING:
• I'm not a financial advisor.
• Do your own research (DYOR).
NQ Power Range Report with FIB Ext - 12/10/2024 SessionCME_MINI:NQZ2024
- PR High: 21482.00
- PR Low: 21458.75
- NZ Spread: 51.75
No key scheduled economic events
+240 point fade from ATH back near Friday's low
- Nearing QQQ 520 daily gap
- Holding auction at previous session lows
Session Open Stats (As of 1:15 AM 12/10)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 262.31
- Volume: 18K
- Open Int: 282K
- Trend Grade: Bull
- From BA ATH: -0.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22096
- Mid: 20954
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
USOIL CLEAR TRIAGLEThe outlook for USOIL is extremely bullish as it is potentially completing the Elliott Wave B as a contracting triangle. This pattern often signals a powerful continuation toward the primary trend once Wave C begins. The Ending Triangle structure indicates that the market has been consolidating in a compressed, corrective pattern, and we are likely nearing the final stages of this consolidation. As Wave B nears its end, it sets the stage for a strong breakout to the upside.
Given that oil experienced substantial upward momentum nearly 2 years ago, the market is positioned for a significant surge once Wave C unfolds. The key to this bullish outlook lies in the fact that Ending Triangles often lead to sharp moves in the direction of the dominant trend, which in this case is upward for USOIL. Once Wave C begins, it could propel prices toward new highs, potentially breaking through key resistance levels and establishing a fresh bullish trend.
Moreover, the wave structure suggests a well-organized market, with, I believe institutions building large positions in the energy sectors for a larger move. The completion of Wave B indicates the final corrective phase before an explosive rally, providing an excellent opportunity for traders to position themselves for a breakout. The market is poised for a major upward thrust, and the overall sentiment is aligned with a potential rise in oil prices.
Tuesday Asia session plan of Action.Watch the price at 2654.
If the price doesn't reach 2654 in the next 45 minutes, skip trading today.
Action Plan (If 2654 is touched): Switch to M1 Chart immediately.
Look for a Market Structure Shift (MSS). This happens when price shifts from bearish to bullish, indicating potential smart money involvement.
If MSS occurs, look for a Fair Value Gap (FVG) near the MSS zone.
Entry: Wait for price to retest the FVG. Enter long after confirmation.
Risk Management: Set a stop-loss (S/L) of 10-20 pips max (tight and precise).
Target: Aim for a profit target at 2676.
Discipline: No 2654 touch? No MSS? No trade. Stick to the plan!
Good luck and trade safe!
USNAS100 / ATH, CONTINUE OR REVERSING Technical Analysis
The price reached another ATH 21675, and now consolidating between 21535 and 21680 till breaking, stability below 21530 means it will drop to get 21420 and below that will get 21220
Otherwise, stability is above 21675 which means will push up to get 22000, especially if the 4h candle closes above it.
Key Levels:
Pivot Point: 21590
Resistance Levels: 21675, 21820, 22020
Support Levels: 21530, 21420, 21215
previous idea:
$45 is the new baselineExpectations are that PLTR will hit near $80 before taking a pause in its meteoric rise. It decisively went through the 1.618 fib and wants to reach the 1.886 fib projection.
The cup formation has create a new bottom at $45. Institutional traders and market makers will be hard pressed to drive it below this new baseline. If they do, then unless the fundamentals of what PLTR provides as a service, changes, then anything below $45 is a back-up-the truck moment to buy. Right now this dramatic price action is because of the one-time inclusion into NASDAQ, which means funds and etfs need to buy it. Also institutions need to buy it to, to mirror whatever indices they follow.
PLTR = efficiency
Trump and Co. will be looking to optimize every federal gov agency and department. That's what PLTR does, and the federal government has deep pockets to buy what PLTR pedals. They've proven themselves in the military space already, and are now applying that commercially. Same basic tech, but rebranded. Throw in a bit of "AI" buzzword into the sales pitch and high level management everywhere will think this is the cat's meow in terms of offering a competitive advantage. Basically, the perfect storm for incredible growth at least for the next 18 months.
Will hold and re-evaluate once we hit $80.
RESULTS ON USD/JPY SO FARUSD/JPY 1H - As you can see from the analysis above the analysis that was provided back on the 1st December has played out exactly as predicted, we wanted to see structure break to the upside then pullback before taking off.
As you can see price has done exactly that, we have seen price trade up breaking structure initially, telling us retail traders that the trend is reversing to the upside. We then saw price begin trading down and into an area of interest.
The trade above is running + 150 pips. (+ 7%) 7RR
This giving us the opportunity to buy into this market at a good price, one that was more refined and cheaper than where it was at initially. You can also see the most recent analysis performed on this weeks Sunday Sessions video.
I have gone ahead and put a trade out on screen so you can see how that most recent analysis has performed, price has played out perfectly generating some healthy returns. I feel we will see price now trade up and into the Supply Zone above.