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#SWINGTRADE SETUP - JIO FIN SERVICES NSE:JIOFIN ❇️ Strong volume breakout on daily chart. ❇️ Flag and poll pattern in bigger time frame (1day, weekly,monthly). ❇️ Stock can achive 320 to 350 target range in upcoming days/weeks. ❇️ Short and log terms targets 340+ (10%). ❇️ Nearby support(sl) 295. ❇️ Above 310 we can see a real move🔥 👉🏻 thetradeforecast Only for educational purposes. This content is not a recommendation to buy and sell. Not SEBI REGISTRAR.
NSE:JIOFINLong
by thetradeforecast
1
ETH H&S Insight: Confluence Aligns for January ReversalOverview On the higher timeframes, ETH is in the process of forming a Head and Shoulders (H&S) pattern. The left shoulder and head are already complete, with price currently downtrending to form the right shoulder. Following an impulsive bullish run to take out the highs, ETH has faced two rejections at those levels, initiating a corrective move lower. Key Technical Levels and Confluences 1. Support Zone for the Right Shoulder Formation Primary Target Level: $2800 (aligned with the left shoulder structure). Support Zone: $2941.12–$2812.7 (a highly confluent range for long positions). 2. Anchored VWAP Analysis Anchored VWAP from the 12th October 2023 low is currently positioned at $2900, offering dynamic support and aligning with the left shoulder’s structural low. 3. Fibonacci Retracement Levels (From the Impulse Wave) Fib 0.666: $2941.12 Fib 0.702: $2877.99 Both levels fall within the support zone, reinforcing its importance as a high-probability area for reversal. 4. Fibonacci Extension Levels From the Current Range: Fib Extension Target: $2812.7, precisely aligning with the key level of $2800. From the Higher Trading Range: Fib 2 Extension: $2893, offering additional confluence with other levels in the support zone. 5. Fibonacci Speed Fan Drawing the Fibonacci Speed Fan from the 6th September 2024 low to the 16th December 2024 high, the Fib 0.7 level intersects at $2900. This confluence is projected to align with price action on 9th–10th January 2025, adding a temporal element to this setup. 6. Psychological Level The $3000 level represents a strong psychological barrier. While the primary support lies lower, price could find an early reaction at this level. Trading Plan: Long Setup for the Right Shoulder Support Zone: $2941.12–$2812.7 Primary Trade Setup: Place long positions within the support zone, focusing on the confluence of levels for a higher-probability reversal. Scaling Strategy: Employ a Dollar-Cost Averaging (DCA) approach to gradually build a position. Consider initial entries at $3000 as a psychological bounce is possible. Confluence Highlights: Anchored VWAP at $2900. Fibonacci retracement levels (0.666 at $2941.12 and 0.702 at $2877.99). Fibonacci extension targets (current range: $2812.7, higher range: $2893). Fibonacci Speed Fan (0.7 level at $2900). Historical structural alignment with the left shoulder at $2800. Conclusion ETH is approaching a high-confluence support zone between $2941.12–$2812.7, making it an attractive area for long setups to complete the Head and Shoulders pattern. Utilising a DCA strategy and scaling into positions ensures optimal risk management. Early entries around $3000 could also yield opportunities, as this level holds psychological significance.
COINBASE:ETHUSDShort
by SiDec
Nightly $SPX / $SPY Predictions for 12.27.2024🔮 ⏰1:00pm Crude Oil Inventories GAP ABOVE HPZ: A lot of people are buying into this rally. If we do gap up this can trigger a mechanical event to drop the markets OPEN WITHIN EEZ: Will be rough to continue higher Once again people are buying into this rally. GAP BELOW HCZ: Would trigger great hedging but the markets will struggle to react to it as the markets drop, so it will hold for a little bit #trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
SP:SPXShort
by PogChan
Intel - This Support Has To Hold!Intel ( NASDAQ:INTC ) is retesting cucial support: Click chart above to see the detailed analysis👆🏻 After dropping an incredible -60% over the past couple of months, we are finally seeing some stabilization at the current support on Intel. It is also quite likely, that we will see another short covering rally, which would perfectly line up with a rejection away from the support area. Levels to watch: $20, $26 Keep your long term vision, Philip (BasicTrading)
NASDAQ:INTCLong
by basictradingtv
5
Meta - The Final Resistance Breakout!Meta ( NASDAQ:META ) could actually break the resistance trendline: Click chart above to see the detailed analysis👆🏻 As we are speaking, Meta is actually retesting the major (and only) resistance trendline of the reverse triangle pattern. If we actually see the bullish breakout - which obviously has to then be confirmed - this triangle breakout could lead to an immediate rally of more than +40%. Levels to watch: $650, $1.000 Keep your long term vision, Philip (BasicTrading)
NASDAQ:METALong
by basictradingtv
18