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1000PEPEUSDT BINGX:1000PEPEUSDC.P Well, in updating this analysis, I have to add a point that the red range drawn in the 4-hour period caused the price to fall in the previous downward trend, but pay attention to the fact that it formed a higher floor, so most likely, after crossing the red range to On the upper side, we will enter into the purchase transaction in the first pullback and earn a profit of 1:6 risk to reward. As simple as this delicious.

Long

Big Runner - Running 'Big Runner' - This pine script strategy is available in my scripts section and is fully open source, here it is performing algorithmic trades on SPX 4hour timeframe. This strategy works seamlessly with any instrument, showing visuals on the chart for moving averages and ribbons to execute Long and Short trades. I'm working to update it's script to further improve its use case.

Target (TGT): Ready to Break Out of Its Downtrend With Target, we have another major player in the US retail market, and we prefer its price structure over Walmart's. After completing Wave (3), Target experienced a significant sell-off, forming Wave (4). Currently, it appears that an inverse head and shoulders pattern is developing, which could signal a bullish reversal. The neckline looks particularly strong, and I will have a bullish outlook once this neckline is reclaimed. There is a breakout gap following the completion of Wave (4), which might be revisited. However, for a well-formed head and shoulders pattern, we should see some momentum soon to create two shoulders at the same level. As long as the Wave (4) level at the Point of Control (POC) holds, we expect more upside, either after a slight dip into the breakout gap or immediately following the earnings report next week.

Long

by freeguy_by_wmc

Xauusd down trend XAU/USD is currently on a downward trend, with its price dropping from 2455 to 2434. This indicates a consistent decline in the value of gold relative to the U.S. dollar. The trend suggests that the market sentiment might be bearish, with sellers dominating the market.

Short

by Khalifapatrick

Gold Spot (XAU/USD) Nears Key Resistance: Major Move Ahead?Gold Spot (XAU/USD) Market Analysis - August 13, 2024 Daily Chart Overview - Broadening Wedge Pattern: The daily chart reveals a broadening wedge pattern, often associated with market indecision and potential reversal signals. This pattern, characterized by expanding volatility, suggests that the market is at a critical juncture, with the possibility of either continuing its uptrend or facing a significant correction. - Ascending Channel (Bullish Flag): Within this broader wedge, a smaller ascending channel (bullish flag) has formed. While typically a continuation pattern, the flag is currently struggling to maintain its structure as price action approaches a significant resistance zone. - Key Resistance Levels (Daily Liquidity Zone): - The price is hovering just below the Daily Liquidity Zone (LQZ), ranging between 2,477.654 and 2,484.053. This area also aligns with the previous higher high, marking it as a critical resistance zone. - A failure to break above this zone could lead to a reversal, while a successful breakout would open the path for continued bullish momentum. - Support Levels: - The Lower boundary of the ascending channel around 2,454.606 (which aligns with the 15M Liquidity Zone) serves as immediate support. - A breakdown from this level could trigger a deeper correction towards the lower trendline of the broadening wedge, likely around the 2,420 - 2,430area. 4-Hour and 1-Hour Chart Insights - Broadening Top Formation (4H): Echoing the daily pattern, the 4H chart displays a broadening top, indicating increased market volatility and a potential battle between buyers and sellers. - Descending Channel (1H): A descending channel has formed within the broadening top on the 1H chart, suggesting a short-term bearish bias. This descending channel is pressing against the 4H and Daily LQZ, increasing the likelihood of a significant price movement soon. 15-Minute Chart Considerations - Bear Flag Formation: The 15M chart shows a bear flag, a continuation pattern that could signal further downside. This pattern is forming near the 15M LQZ, reinforcing the importance of this support level. - Potential Breakdown: The price is testing the lower boundary of this bear flag. A breakdown here could lead to a continuation of the downtrend, particularly if the 15M LQZ fails to hold. Mass Psychology & Market Sentiment - Indecision and Volatility: The broadening patterns across multiple time frames reflect growing market indecision and volatility. Traders should be cautious as this setup often leads to sharp and unpredictable price movements. - Watch for Divergences: Keep an eye on potential bearish divergences on momentum indicators like RSI or MACD, particularly around the key resistance levels. These could provide early signals of a market reversal. Trading Strategy Recommendations - Wait for Confirmation: Given the critical resistance at the Daily LQZ, it’s prudent to wait for clear confirmation of either a breakout or a reversal. A strong daily close above the LQZ would be more convincing for bullish continuation. - Short-Term Bias: On the lower time frames (15M and 1H), the bias remains bearish. Caution is advised for long positions until there's a definitive break above resistance. - Risk Management: Considering the broadening patterns and associated volatility, tighter stop losses or reduced position sizes are recommended to manage risk effectively. --- Summary: Gold Spot (XAU/USD) is at a crucial inflection point, with significant resistance at the Daily LQZ and potential support at the 15M LQZ. Traders should closely monitor price action in the coming sessions, as a decisive move in either direction could set the tone for the next major trend. ---

19:05

GLNG Golar LNG Limited Options Ahead of Earnings Analyzing the options chain and the chart patterns of GLNG Golar LNG Limited prior to the earnings report this week, I would consider purchasing the 34usd strike price Calls with an expiration date of 2024-9-20, for a premium of approximately $1.57. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Long

USOIL ( BETWEEN TWO TURNING LEVEL ) ( 4H )USOIL HELLO TRADERS currently price between two turning level by breaking each level determine the direction , for know the price trading above turning level (2) at 74.74 , remain this level it will be attempt to reach a turning level (1) at 76.25 . Tendency, the price inside two turning level around ( 74.74 & 76.25$) . Upward Zone : in order see increase , the price need breaking turning level (1) at 76.25 , by closing 4h candle above it , easily to reach a resistance level (1) around 78.53 , remain this level indicates the price trying to reach of a resistance level (2) at 80,75 . Downward Zone: by breaking turning level (2) around 74.74 , the price dropping to reach a support level (1) at 72.82, to confirm downward , gold need breaking support level (1) by open 4h candle below it to reach a support level (2) at 71.81 . TARGET LEVEL : RESISTANCE LEVEL : 78.53 , 80.75 . SUPPORT LEVEL : 72.82 , 71.81 .

RDUS Radius Recycling Options Ahead of Earnings If you haven`t sold RDUS before the previous earnings: Now analyzing the options chain and the chart patterns of RDUS Radius Recycling prior to the earnings report this week, I would consider purchasing the 15usd strike price Puts with an expiration date of 2024-11-15, for a premium of approximately $2.02 . If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Short

Updated

CVX Chevron Corporation Options Ahead of Earnings If you haven`t sold CVX before the previous earnings: Now analyzing the options chain and the chart patterns of CVX Chevron Corporation prior to the earnings report this week, I would consider purchasing the 145usd strike price Puts with an expiration date of 2024-12-20, for a premium of approximately $4.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Short

Updated

NKLA Nikola Corporation Options Ahead of Earnings Analyzing the options chain and the chart patterns of NKLA Nikola Corporation prior to the earnings report this week, I would consider purchasing the 8usd strike price Puts with an expiration date of 2024-8-16, for a premium of approximately $1.09. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Short

Believe it or not, Bitcoin is still in the game Despite Bitcoin showing a bear market in recent days, it remains within a range and fluctuating within a demand zone. Our point of interest is still very high, but still valid for the price to take a break before the jump. if you can look the general structure, we can see that where I marked the green circle, there is a lot of buying pressure. This is also an area of interest that I had marked as a potential rebound point. We will see what happens in the coming days. Thank you for your support. -Mike

Long

by RocketMike111

Can Gold Surpass Its Recent Highs? Expert Analysis Inside!Key Levels: Higher High (HH): Marked near the top at around 2460. Lower High (LH): Slightly lower high indicating a possible trend change. Support/Resistance Zones: Key support/resistance levels are identified on the chart. Lower Time Frame (LTF) Lower High: Indicated by a yellow line, suggesting a lower high on a smaller timeframe within the larger trend. Liquidity Zones (LQZ): Marked on the 4-hour, 1-hour, and daily timeframes indicating potential areas of liquidity. Market Structure: Shorter Time Frame Higher Low: A higher low is indicated on a smaller timeframe, suggesting potential bullish continuation. Barley Missed HH and then pushed down: Indicates a failure to achieve a higher high, followed by a downward movement. Support Rejection: The market rejects off support, suggesting a possible formation of a new higher low (HL). Observations: The market is reacting to support and resistance levels, showing signs of potential trend continuation or reversal. The presence of multiple liquidity zones suggests areas where price might seek liquidity, influencing future price movements.

Long

15:57

PG The Procter & Gamble Company Options Ahead of Earnings If you haven`t bought PG before the previous earnings: Now analyzing the options chain and the chart patterns of PG The Procter & Gamble Company prior to the earnings report this week, I would consider purchasing the 165usd strike price Puts with an expiration date of 2024-9-20, for a premium of approximately $2.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Short

Updated

CL Colgate-Palmolive Company Options Ahead of Earnings If you haven`t bought CL before the breakout: Now analyzing the options chain and the chart patterns of Options Ahead of Earnings prior to the earnings report this week, I would consider purchasing the 100usd strike price Calls with an expiration date of 2024-11-15, for a premium of approximately $3.45. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Long

Updated

PM Philip Morris International Options Ahead of Earnings If you haven`t sold PM before the previous earnings: Now analyzing the options chain and the chart patterns of PM Philip Morris International prior to the earnings report this week, I would consider purchasing the 109usd strike price Calls with an expiration date of 2024-7-26, for a premium of approximately $1.22. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Long

Updated

EUR/USD Key Levels: 1.075 - 1.081 - 1.066 General Overview: The EUR/USD pair has recently lost ground in a short-term bullish recovery, testing new two-week lows near the 1.0800 level, as the movement's momentum has drained out ahead of updates on EU GDP data. The latest Federal Reserve interest rate decision is expected on Wednesday, with a new round of US Nonfarm Payrolls (NFP) scheduled for Friday. Fundamental Analysis: The US Dollar (USD) started the week on a positive note, reversing consecutive daily gains in EUR/USD and testing three-day lows near the 1.0800 region. Expectations of interest rate cuts by the Federal Reserve (Fed) and the European Central Bank (ECB) after the summer break have influenced market dynamics. In terms of monetary policy, the Fed is expected to keep rates unchanged at the July 31 meeting, while the easing cycle is anticipated to begin in September. The ECB, according to recent comments from Vice President Luis de Guindos, may also cut rates in September. This policy divergence between the Fed and the ECB could lead to further weakening of the European currency in the medium term. Key Macroeconomic Data: Market participants will closely follow the release of preliminary Q2 GDP data from both Germany and the Eurozone, as well as advanced inflation data from Germany, scheduled for July 30. The preliminary Eurozone CPI report will be released on Wednesday, followed by the outcome of the FOMC monetary policy meeting. Finally, key US macroeconomic data, including the Nonfarm Payrolls (NFP) report scheduled for Friday, will be crucial in determining the next moves for the EUR/USD pair. Technical Outlook: From a technical perspective, spot prices showed resilience below the 50% Fibonacci retracement level of the June-July rally on Monday, although the lack of significant buying suggests caution for bulls. Oscillators on the daily chart are starting to gain negative traction, suggesting that the path of least resistance for EUR/USD is to the downside. Spot prices could weaken further below the 61.8% Fibonacci level near the 1.0775 region and test the next relevant support near the 1.0745 horizontal zone. This is closely followed by the 78.6% Fibonacci level near the 1.0730 area, below which EUR/USD could challenge the June monthly low, around the 1.0660 region, with some intermediate support near the psychological 1.0700 mark. Conversely, any subsequent move up is likely to confront resistance near the 1.0840-1.0845 region or the 38.2% Fibonacci level. Sustained strength beyond this could lift the EUR/USD pair above the 1.0865 horizontal barrier towards the 1.0885-1.0890 region. Continued buying beyond the 1.0900 level should allow bulls to aim back towards retesting the multi-month peak, around the mid-1.0900s.

Short

by Forex48_TradingAcademy

USDJPY - Top Down Analysis Starting with the weekly timeframe, there's some quite noticable bearish Divergence with price action and RSI leading me to believe prices may continue further south. Let's take a look at the daily timeframe. On the daily timeframe, I have 2 bearish targets but first I need to see a bit of a pullback towards the descending level of resistance. Reason I'm looking for a bullish pullback is because RSI is currently in the oversold territory. We also have a BOJ interest rate decision this evening at 11:00pm EST. Let's take a closer look at the 4 hour timeframe On the 4 hr timeframe I'm waiting for a breakout of the current consolidating range. I'm hoping for a bullish breakout which will lead into my AOI (area of interest) to look for a shorting opportunity. Lastly let's take a look at the 1 hour. On the 1 hour timeframe, it's easier to see how much room to the upside I'm waiting for. If we reach the descending level of resistance, I'll monitor the bullish momentum to ensure I'm not entering a short when bulls are strong. For that reason I have an alert set in place and now all I need to do is wait! That's it - That's all Trade Safe

Short

by Michael_Harding

Bitcoin Showing Strength, Daily Volumetric bull candlesticks !Bitcoin is following the path according to the pullbacks we have been predicting since it fell to the demand zone. Please check each bullish candle that Bitcoin forms after each pullback, it shows strength every time Following the smart money concepts and with the movement it is making based on the structure, I am expecting Bitcoin to reach my point of interest very soon. However, before reaching my point of interest, I believe we have to consider that we will see 1 to 2 small pullbacks. Thank you for following my analysis.

Long

by RocketMike111

Ethereum is starting to recover ! check the structure path Ethereum is showing a lot of strength and recovery. Always trust and follow your plan ! On the daily timeframe we can see that it is following the path of the pullback we have marked on the chart. So far we are predicting very well, and it seems that the markets in general want to start changing direction. Cheers and thank you for following my analysis. my best regards

Long

by RocketMike111

400 Pips in a Week! Discover the Secret Behind Trading Strategy!Technical Breakdown Ascending Channel Formation: The price has been moving within an ascending channel, indicating a bullish trend. The upper and lower boundaries of the channel have provided resistance and support, respectively. Support/Resistance Level: A key horizontal level around 2,430 has acted as both support and resistance. This level was tested multiple times, showing its significance in the price action. Bear Flags: Two bear flags are identified, one on the 15-minute chart and another on the 30-minute chart. Bear flags typically indicate continuation patterns in a downtrend, suggesting further bearish movement. Higher High (HH) and Lower High (LH): The chart shows a higher high (HH) followed by a lower high (LH), indicating a potential shift from a bullish to a bearish trend. Price Target (TP): The TP is marked at 2,348, suggesting a potential downside target based on the current technical setup.

19:54

Oil Prices Plunge Amid Global Uncertainty Current Price Movement: West Texas Intermediate (WTI) futures on the NYMEX have extended their downside, trading below $78.00. This decline is primarily driven by concerns over China's economic outlook and political uncertainty in the United States. Factors Influencing the Oil Price: China’s Economic Concerns: The People's Bank of China (PBoC) unexpectedly reduced its Loan Prime Rate by 10 basis points to 3.35% (one-year) and 3.85% (five-year). This rate cut follows weaker-than-expected Q2 GDP growth of 0.7%, below estimates of 1.1% and previous figures of 1.5%. As the world's largest oil importer, China’s economic slowdown raises concerns about future oil demand, exerting downward pressure on prices. Supply Outlook: Morgan Stanley forecasts an increase in oil supply by 2.5 million barrels per day by 2025 from OPEC and non-OPEC producers. The anticipated supply growth exceeds demand growth projections, contributing to the easing of tight market fears and further weakening oil prices. US Political Uncertainty: The potential nomination of Kamala Harris as the Democratic leader and speculation about Donald Trump’s potential victory in the upcoming presidential election have created political uncertainty. Trump’s promise to increase US oil production if elected could lead to a future increase in supply, adding downward pressure on oil prices. The US Dollar Index (DXY) has edged lower amidst this political uncertainty, affecting oil prices inversely. Global Economic Indicators: Preliminary S&P Global Manufacturing PMI data from various nations are expected to provide insights into the global demand outlook, which will further influence oil prices. Canadian Dollar (CAD) Dynamics: The USD/CAD pair has risen to near 1.3750, influenced by the sharp correction in oil prices. Canada, being a leading oil supplier to the US, sees its currency affected by oil price movements. The weakening CAD amidst declining oil prices reflects this relationship. Expectations of the Bank of Canada (BoC) cutting interest rates by 25 basis points to 4.5% due to easing price pressures and a cooling labor market also impact the CAD. US Economic Data: The trajectory of the US Dollar will be influenced by upcoming US economic data, providing clues about the Federal Reserve's interest rate decisions. Political developments, such as the withdrawal of Joe Biden's re-election bid, have added to the uncertainty, impacting the DXY and, consequently, oil prices.

Short

by Forex48_TradingAcademy

FAST Fastenal Company Options Ahead of Earnings Analyzing the options chain and the chart patterns of FAST Fastenal Company prior to the earnings report this week, I would consider purchasing the 62.12usd strike price Calls with an expiration date of 2024-7-19, for a premium of approximately $2.37. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Long

Updated

Xauusd Buy?Xauusd Successfully Break Symmetrical Triangle Now Gold Facing Resistance Level 2365 To 2367 We Can Buy Around 2340 Best Support And Retracement Level For Tp 2347 Don't Miss This Buying Opportunity For More Updates Stay Tuned

Long

Updated

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