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NQ Weekly and Longer term Bias (We were fire last week, check)hey guys just my weekly chart and levels going into the week. everyone expecting a santa rally, not so positive... i could see it mooning from here, don't get me wrong. im much more bullish this week than last now that we got some sort of correction (check last weeks analysis for real, read the chart and play the thing for the week, we cooked, hope you all did too, all 3). anyway a lot on there, i think it's downward, people buying the wrong dip in my opinion, much more liquidation to come. good luck
CME_MINI:NQ1!Short
by ajx1124
UXLINK - Is a Reversal Imminent? SHORT SETUPUXLINK has seen impressive gains over the past 7 days, rising +140% and approaching the swing high at $1.208. This price action suggests the possibility of a correction, providing an attractive short opportunity if it faces rejection at these levels. Key Observations: Recent Bullish Momentum: UXLINK has been on a 7-day bullish run, rising significantly, which increases the likelihood of a short-term pullback or correction. Swing High at $1.208: As UXLINK nears the swing high at $1.208, this could act as a potential rejection point. A rejection here could provide an excellent shorting opportunity. Riskier Trade: If you prefer a more aggressive position, a short could be taken now, targeting the swing high with a laddered approach towards that level. Possible Correction Ahead: With 7 consecutive bullish days, a correction is likely in the near future. The dOpen at $1 serves as a strong support level to target for a short. Break Below $1: If UXLINK breaks below the $1 level, the next target becomes the wOpen at $0.8645. Reward-to-Risk Potential: Target 1: $1 (dOpen) offers a 4:1 risk-to-reward, with a potential 16.45% gain. Target 2: $0.8645 (wOpen) offers a 7:1 risk-to-reward, with a possible +28.5% gain. Elliot Wave Count: According to Elliot wave theory, UXLINK is approaching the completion of its 5-wave structure, which may further indicate that the upward trend is nearing exhaustion. Summary: Bullish run over the past 7 days makes UXLINK susceptible to a correction. Swing high at $1.208 could provide an ideal short opportunity, with strong targets at $1 and $0.8645. Reward-to-risk ratios are favorable, offering 4:1 or even 7:1 if the trade is executed properly. Elliot Wave suggests the end of the current upward movement, further supporting the case for a potential short.
Short
by SiDec
2
Virtuals Protocol: +16,850% Surge Nearing Its End?Virtuals Protocol has experienced an astronomical +16,850% surge in price over the past 164 days, marking a parabolic advance that appears to be nearing exhaustion. Price action suggests that the final 5th wave of this bullish cycle may be completing, raising the question: Is Virtuals Protocol set for a correction, or is there still upside potential? Key Observations: 1.) End of the 5th Wave: The Elliott Wave count indicates that the asset is likely completing the final 5th wave of a large bullish cycle. Parabolic moves of this magnitude typically end with a sharp correction as profit-taking accelerates. 2.) Weekly RSI Overbought: The RSI on the weekly timeframe is at 95, signaling extreme overbought conditions. Such elevated RSI levels are unsustainable and often precede corrections to reset market momentum. 3.) 6 Consecutive Bullish Weekly Candles: A string of 6 green weekly candles suggests strong bullish momentum but also hints at exhaustion as buyers may struggle to sustain such momentum. 4.) Fibonacci Target and Weekly Open Confluence: Using a Fibonacci retracement from the current wave, the 0.618 level aligns perfectly with the Weekly Open (wOpen) at $2.711. This confluence zone serves as a strong short-term take-profit target for short sellers or a potential re-entry point for bulls looking for a correction. Outlook: Bearish Scenario: The completion of the 5th wave and the extreme overbought RSI suggest a correction is imminent. A retrace towards the 0.618 Fib level ($2.711) is a highly probable scenario. Bullish Continuation: For further upside, the price must consolidate and find fresh buying volume to support continuation beyond the current highs. Conclusion: Virtuals Protocol is flashing clear signs of exhaustion, with extreme weekly RSI levels and a completed Elliott Wave cycle. Traders should watch the $2.711 zone closely as a potential correction target, with the 0.618 Fibonacci retracement and Weekly Open providing strong confluence.
Short
by SiDec
NQ1 Weekly Bias Dec. 15-20 with Levels of InterestYeah yeah yeah, I'm bearish I get it I am a horrible idiotic terrible person. Anyway here is a starter chart for shorter term levels on the way down if that indeed is the way we go for a retracement. I think end of the year cycling out of winners is inevitable especially in the over-valued nasdaq big boys. Also looking at last week, we rejected the upper 800s, which is not a good sign. Almost looked like "they" pushed it off Friday open to see if there was any retail left. Turning from cautious to bearish based on all macro evidence and other indicators. Not full blown panic mode yet, we could possibly put on another month or three of gains, but we are much much closer to the end than anyone is talking about. Also food for thought, when it's in the news it's in the price. There's tons of euphoria in the markets at the moment, with everyone pointing and chattering about the "Santa Rally" wherever I turn. Always be cautious when everyone is talking and feeling the same way, just my advice. Risk reward and risk management is all of trading. Reward for buying another 10% against a risk of losing 40% doesn't seem like something I really want to jump head first into at record setting levels of overvaluations metrics everywhere. Good Luck this week Bosses, any question as always feel free to reach out or ask in the comments.
CME_MINI:NQ1!Short
by ajx1124
NQ Week of Dec8 Levels and Areas of Interest Part 1 (1d Chart)Daily Chart for NQ this week. Hard to be a bear, but looking hard to be a bull as well. When everyone expects it to trade like a 2016 Trump victory, that's normally when it doesn't. Just saying. Not bearish but cautious for sure. "They" have been sizing out since the end of July / Start of August (check the overnight gains versus us opens) and leaving retail with the bag. FOMO seems to be kicking in everywhere. That's a minor synapses without going far into the macro details, and the sizes being thrown around on dark pools. Anyway, part 2 will have shorter term areas (mostly for bear setups, bounces, dips etc). Anything higher I have to rely on the trendlines since we are essentially in price discovery mode if we keep pushing. Looking for resistance on the top trendlines, and imagine the bottom short term trend line will be easily broken if we have any corrections. Good luck this week, feel free to ask any questions if anyone reads this :)
CME_MINI:NQ1!
by ajx1124
Short setup on SPX (x2)After the most recent upward move, the SPX shows clear signs of weakness, suggesting a potential short setup. Since mid-July, the SPX has been moving upward and it's now near its all-time high. However, the RSI Exhaustion at the bottom of the chart has significantly declined and hasn't recovered much, establishing a downtrend. This divergence between the price and the RSI Exhaustion is the first major signal of a possible short configuration. Three additional signs support this setup: The RSI Exhaustion shows recent bullish exhaustion (indicated in green), signaling that further price increases are unlikely. The price has formed a top just shy of its all-time high, as identified by the Bottoms Tops Signal indicator. A major level has formed, as indicated by the Levels and Zones indicator. While this level turned into support, it originated as resistance and could well revert back to it should be price start to drop further. Is the bull run over? Only time will tell, but for now, it's crucial to remain patient and always seek confirmation from the indicators.
TVC:SPXShort
by a.b
XRP Price Analysis: Potential 20% Drop Amid Key Support LevelsXRP is currently trading within a box pattern, with a lower high suggesting a higher probability of a downside breakout. If the crucial support level of $0.5213 is lost, there is a 20% potential drop in price, targeting $0.4164. If you are holding XRP, you might consider selling, or alternatively, you could take a short position upon a clear break of the $0.5213 level. Given the importance of this support, a sharp decline is expected if it breaks. Keep an eye on this critical zone for any significant moves.
Short
by saeedalipour93
Title: Key Support Levels for Short and Long Positions: CriticalIt seems we have experienced enough upward momentum, and now, with the support level at 66,842, a short position can be considered. However, since this position goes against the main trend, it’s crucial to set a tight stop-loss to manage risk and ensure an early exit with a favorable risk-reward ratio. The next support level for this strategy could be 65,359.8. On the other hand, if you're planning to open a long position, you might consider entering at 67,898.7, but be cautious with the stop-loss placement. A wider stop-loss would be advisable, possibly below 66,687.4, to allow room for market fluctuations.
by saeedalipour93
BANK NIFTY INTRADAY LEVELS FOR 10/10/2024BUY ABOVE - 51340 SL - 51160 TARGETS - 51600,51820,51990 SELL BELOW - 50920 SL - 51160 TARGETS - 50600,50300,49930 NO TRADE ZONE - 50920 to 51340 Previous Day High - 51600 Previous Day Low - 50920 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
9
NIFTY INTRADAY LEVELS FOR 10/10/2024BUY ABOVE - 25060 SL - 24970 TARGETS - 25120,25180,25230 SELL BELOW - 24970 SL - 25060 TARGETS - 24890,24800,24700 NO TRADE ZONE - 24970 to 25060 Previous Day High - 25280 Previous Day Low - 24970 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
6
NIFTY INTRADAY LEVELS FOR 09/10/2024BUY ABOVE - 25060 SL - 24980 TARGETS - 25120,25180,25230 SELL BELOW - 24890 SL - 24980 TARGETS - 24800,24700,24600 NO TRADE ZONE - 24890 to 25060 Previous Day High - 25060 Previous Day Low - 24800 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
6
BANK NIFTY INTRADAY LEVELS FOR 09/10/2024BUY ABOVE - 51340 SL - 50920 TARGETS - 51650,51820,51990 SELL BELOW - 50920 SL - 51160 TARGETS - 50600,50300,49930 NO TRADE ZONE - 50920 to 51340 Previous Day High - 51340 Previous Day Low - 50300 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 08/10/2024BUY ABOVE - 51000 SL - 50600 TARGETS - 51340,51650,51820 SELL BELOW - 50300 SL - 50600 TARGETS - 49930,49700,49530 NO TRADE ZONE - 50300 to 51000 Previous Day High - 51820 Previous Day Low - 50300 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 08/10/2024BUY ABOVE - 24890 SL - 24800 TARGETS - 24990,25060,25120 SELL BELOW - 24700 SL - 24800 TARGETS - 24600,24530,24460 NO TRADE ZONE - 24700 to 24890 Previous Day High - 25120 Previous Day Low - 24700 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 07/10/2024BUY ABOVE - 51990 SL - 51820 TARGETS - 52120,52260,52400 SELL BELOW - 51670 SL - 51820 TARGETS - 51530,51400,51230 NO TRADE ZONE - 51400 to 51670 Previous Day High - 52600 Previous Day Low - 51400 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY ANALYSIS FOR 07/10/2024BUY ABOVE - 25080 SL - 25020 TARGETS - 25130,25180,25230 SELL BELOW - 24950 SL - 25020 TARGETS - 24900,24850,24800 NO TRADE ZONE - 25950 to 25080 Previous Day High - 25490 Previous Day Low - 24950 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Very Important Update!Price action is currently trapped between two key value areas. Until we reclaim the VAL above, i'm expecting lower prices to come, and the point of control below (yellow line) is the next target. CRYPTOCAP:BTC #BTC Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
COINBASE:BTCUSD
by Navitility
BANK NIFTY INTRADAY LEVELS FOR 04/10/2024BUY ABOVE - 51990 SL - 51820 TARGETS - 52120,52260,52400 SELL BELOW - 51670 SL - 51820 TARGETS - 51530,51400,51230 NO TRADE ZONE - 51670 to 51990 Previous Day High - 52600 Previous Day Low - 51670 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
2
NIFTY INTRADAY LEVELS FOR 04/10/2024BUY ABOVE - 25310 SL - 25240 TARGETS - 25380,25440,25490 SELL BELOW - 25240 SL - 25310 TARGETS - 25190,25130,25080 NO TRADE ZONE - 25240 to 25310 Previous Day High - 25620 Previous Day Low - 25240 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
1
BANK NIFTY INTRADAY LEVELS FOR 03/10/2024BUY ABOVE - 53140 SL - 52970 TARGETS - 53290,53200,53700 SELL BELOW - 52800 SL - 52970 TARGETS - 52620,52400,52260 NO TRADE ZONE - 52800 to 53140 Previous Day High - 53180 Previous Day Low - 52800 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP