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S&P500: More Upward Potential!We still ascribe more upward potential to the S&P’s turquoise wave B – up to the resistance at 6088 points. At this level, we expect a transition into the same-colored wave C, which should push the index down into our green Target Zone between 5110 and 4921 points. Within this Zone, the larger wave should find its final low, which should provide potential entry points for long positions. A stop-loss can be set 1% below this Zone for risk management. However, if the index surpasses the 6088 points mark directly, our alternative scenario (probability: 38%) will come into play: it suggests that the wave low is already in place.
CME_MINI:ES1!
by MarketIntel
1
XOM Stock + The Rocket Booster 3 Step SystemHello there i had one of those days again where I was doubting myself. I kept thinking about the labour market and how people in this market are so lucky because its so easy to have someone give you a paycheck unlike myself, I had to hustle and bust my cheeks to understand capital markets Thank goodness I have developed two systems that I can lean back on.. In fact these systems are so good that I receive buying signals almost every day On average I receive a buy signal in the Dow Jones, SP 500, and NASDAQ every 3 days But only after the market close. My struggle is to be patient and wait for the moves to make money Otherwise, I am seeing these stocks to trade almost every 3 days, That is the advantage of having a trading system you get to see these plays almost every day This is why am able to document almost everyday infact some days there are too many stocks to document about am forced to use video to explain. But let's not get carried away by my trading expertise. I want to show you the key to all my trading systems Its called the rocket booster strategy and it has 3 steps as follows. 1-The price has to be above the 50 MA 2-The price has to be above the 200 MA 3-The price has to gap up. Now you may be thinking "does the price really have to gap up?" The answer is yes it has to go up Now if you want you dont have to follow this system and you can go ahead and develop your own trading system.But if you want something simple to understand then this is the system for you to digest and learn seriously re-read these 3 steps above.. and see how they apply to NYSE:XOM If you want to learn more rocket boost this content Trade safe. Disclaimer Trading is risky you will lose money whether you like it or not please understand risk management and profit-taking strategies.
NYSE:XOMLong
by lubosi
Tesla: Wave [iii] Impulsive Move!Over the past two weeks, Tesla’s stock saw a sharp uptrend followed by a sell-off. We consider the low of the magenta wave as settled and now anticipate a five-part impulsive movement during the magenta wave . Regarding the subwave count, there is more room on the downside for the blue wave (ii), before the subsequent wave (iii) should surpass the resistance at $271. However, in our 30% likely alternative scenario, renewed selling pressure could push the stock below the $167.41 mark and thus toward a new low of the blue wave alt.(II).
NASDAQ:TSLA
by MarketIntel
EUR/GBP: PAT + VPA 11/2/2024Good morning, I will be closely observing the EUR/GBP currency pair on a daily basis, as I expect a bullish pullback or reversal to materialize in the forthcoming weeks. - 1W / Weekly Analysis: The market has recently dipped to a low of 0.839, with current support established at 0.832. The price has tested the 0.832 level multiple times without breaching it, suggesting a diminished appetite for selling at this juncture. Additionally, the presence of significant wicks accompanied by relatively smaller bodies may indicate a potential selling climax. - 1D / Daily Analysis: The daily time frame reveals the formation of a double bottom pattern at the weekly support level of 0.0832. Presently, the price is retesting the recent swing high of 0.84, which represents the latest peak. The price has demonstrated its capacity to remain above the 0.84 threshold, and I anticipate a continued upward movement towards 0.846 in the upcoming weeks. OANDA:EURGBP XETR:DAX TVC:BXY ThePipAssassin
Long
by ThePipAssassin
1
BTC 4 Seasons CycleWhat I came up with is that in the bullphase Bitcoin tops out in Winter/Spring 🟦/🟩 Last cycle we had a double top but you would only miss out on 4-8% while saving yourself the headache of a 50% drop in summer 🟥 In the bearphase we bottom usually in Fall/Winter 🟧/🟦 I dont know how people can call for 48-55k or something else it would take us another year then until Winter to get back up and top out and to drop in 4-6 Months in Summer to the bottom its not usual for Bitcoin to do that. It takes Bitcoin around 350 to 400 Days to hit the bottom you can see it in the picture below
KRAKEN:BTCUSDLong
by Tyrocrypto
HBAR: New Cycle Low?Since HBAR has managed to hold above the low of the orange wave ii and the support at $0.035, we maintain our primary assumption. However, we now need clear bullish signals to confirm this stance. The orange wave iii should eventually reach above the resistance at $0.098. If the price slips below the support at $0.035 (37% probability), we will have to anticipate a deeper low of the magenta wave alt.(2) first. In this alternative scenario, we will then introduce a Target Zone for long entries, which we are currently withholding due to the prevailing downtrend pressure.
BINANCE:HBARUSD
by MarketIntel
1
Decoding the 70,000 Call Strike: What CME Options Are Tell UsAlright, let’s break this down. We’ve seen a significant influx of call options at the 70,000 strike on the CME, which is generally a pretty positive signal. Especially when you consider the recent breakout from a descending broad channel, with prices holding just above that upper boundary. Looks like we’re heading up—clear signal, right? But here’s the kicker: the CME gives us the tools to dig deeper. We can analyze whether that influx at the 70,000 strike is coming in as naked options (which is a good sign) or if it’s part of a more complex strategy. So, what did we find? The 70 000 call options were bought simultaneously with Futures in a 2-to-1 ratio. In other words, we’re looking at a synthetic options portfolio that resembles a "Straddle" . This means they’re betting on volatility, expecting the price to move significantly in either direction—not just sitting still. Plus, there are specific timeframes and expected movement ranges involved. So, what’s the takeaway from this example? I often come across analyses that say, “Calls at this strike are rising, so traders must be feeling bullish.” Not necessarily! Those bought calls could be neatly packaged in a Straddle or even transformed in a Naked Put using Bitcoin futures (what we call a “Synthetic” setup), which would imply completely opposite expectations for price movement. Don’t just take others’ word for it—dive into the basics at least, but ideally, get a solid grasp of the area you’re analyzing before integrating it into your trading system and building your trading plan around it. Stay critical and don’t fall for clickbait headlines! Good luck out there!
COINBASE:BTCUSD
by ClashChartsTeam
What October 25th's Options Portfolio Tells Us About the YenOur analysis of options portfolios from October 25th revealed a Straddle setup on the Japanese yen futures, with a short expiration date set for November 1, 2024. Now, this isn’t exactly a rare sight for the yen; these Straddle portfolios pop up pretty regularly, especially when we’re looking at short expiration periods. From what we've seen, in about 4 out of 5 cases, the quotes tend to hang around the Straddle boundaries and often bounce off them. A recent example? August 5th—prices hit the upper limit at 149.20 (that’s the spot quote) and then bounced back nicely, giving savvy traders a sweet opportunity to jump into a short position on the dollar with a solid risk/reward ratio. So, what's the takeaway here? Use those Straddle boundaries to open positions in the spot/forex market. It makes sense to trade in the direction of the main trend, which means looking for a drop in the yen against the dollar when prices hit that upper boundary—check out #1 for a visual. Now, I can hear the skeptics asking: what's the rationale behind these price movements at the Straddle boundaries? After all, a Straddle is just a straightforward strategy that involves buying volatility and betting on price movement. True, that’s the textbook definition, but it’s just scratching the surface. The real insights and "battle-tested applications" of this strategy are way more intricate than they seem. Stay tuned for our updates, and you’ll definitely uncover the hidden meanings and value of options analysis for the everyday forex trader. Trust me, these insights can give you a real edge in the market. It’s worth your time and effort!
CME:6JZ2024
by ClashChartsTeam
Polygon: Gain Momentum!In the Polygon chart, we primarily expect an imminent lower low of the magenta wave (2) within our magenta Target Zone (between $0.4711 and $0.3058) before a trend reversal occurs. Afterward, a significant uptrend should begin, starting with the turquoise wave 1, which should break through the resistance level at $0.60. You can use our zone to establish long positions, with stop-losses placed 1% below the low or directly at the support level of $0.31 to minimize downside risk. If the coin breaks downward out of our Zone (42% likely), we will have to expect a further drop with the green wave alt.(2).
CRYPTOCOM:POLUSDLong
by MarketIntel
'THE XRP BREAKOUT CHART' - May predict the month of the breakoutTHE XRP BREAKOUT CHART is a chart I created to show a very interesting trend that I discovered within XRP's monthly chart. Four times in XRP's previous price action history, prior to periods of significant price appreciation, XRP formed a FVG (fair value gap), as shown in the white boxes, which consisted of three candles. Then, while within that FVG, price broke out on the 8th candle four consecutive times. Three of these four FVG breakouts were preceded by, or included, a single liquidation candle breaking below the lower trend line. Regarding current price action, we just saw the pattern liquidation candle this past July. So, it appears that this trend will continue for the next breakout of the current wedge pattern. However, the key takeaway is that the pattern FVG has not formed, which means, as of this month (October), if the pattern is to repeat for a fifth time, then we are at a minimum of eight months away from the breakout we have all been waiting for. The herd—retail investors and YouTube influencers—believe, in sync, that the breakout will begin in mid-December, continue through January, and peak around late February to early March. According to this chart, they’re all wrong. I believe that incredible price appreciation is coming in the future, but I think this pattern will repeat. That means the breakout of the current wedge pattern, at the earliest, will be sometime around mid/late summer to early fall of 2025, most likely on the 8th monthly candle within the next FVG formation. But when will the first three candles form? Good luck, and always use a stop loss!
BITSTAMP:XRPUSDLong
by MetaShackle
11
ExxonMobil: PullbackXOM stock has experienced a setback over the past two weeks. However, we maintain our view that turquoise wave 3 is still in progress and has further upside potential. Once a top is established, we expect a corrective movement before another rally completes the larger green wave (1). The recent decline brings our 35% alternative scenario into focus, which places the stock in green wave alt.(2). This scenario will activate if the price falls below the support level at $95.77.
NYSE:XOMLong
by MarketIntel