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Support and Resistance

Nasdaq Futures Today: Short and Long Setups with Key LevelsExplore today's comprehensive analysis of Nasdaq futures for Wednesday, December 18, 2024. Here’s what you’ll discover: 📈 Market Overview: The Nasdaq remains bullish in higher timeframes, but corrections offer exciting opportunities. 📉 Short Setups: Key zones like 22,244 and 22,184 with targets offering 100+ points potential. 📊 Long Scenarios: Opportunities to ride the rally toward historic highs, including setups above 22,334. This video is ideal for traders seeking actionable strategies and precise levels for both shorts and longs. Don't miss out on identifying high-probability entries! 🔗 Subscribe now for daily insights, expert strategies, and exclusive trading content. Gain an edge in your trades today!
CME_MINI:MNQH2025
by BinvestorsTrading
EUR/CHF Breaks Above Downtrend Line: What’s Next?The daily chart for the EUR/CHF pair has recently revealed a bullish movement, successfully breaking above its descending trend line. This development indicates a potential shift in market sentiment, occurring after the price touched a significant support level at 0.9250. The fact that the price has breached the downtrend line after reaching this support suggests a potential influx of buying pressure in the short term. Currently, the pair is trading near the horizontal resistance zone at 0.9400, which has been tested multiple times in the past. Possible Scenarios Buy Scenario: With the price having broken above the downtrend line, sustained trading above 0.9400 could signal a bullish move in the coming days. A stop loss could be placed around 0.9310 (approximately 90 pips below the current price). For a more conservative approach, a stop loss could be set below 0.9240 (about 160 pips). Take Profit Opportunities: TP1 at 0.9490, near the recent high (about 90 pips). TP2 at 0.9590, targeting the next resistance area (approximately 190 pips). Alternative Scenario: If the price fails to maintain itself above 0.9400 and retreats below the trend line, this could indicate a potential continuation of the downtrend. In such a case, a short entry could be evaluated around 0.9350: Stop Loss: Above the high of the previous candle, at around 0.9420 (approximately 70 pips). TP1: At 0.9250, which serves as significant support and a recent low (around 100 pips). Important Technical Factors to Note: Trend Line: The break of the descending trend line suggests a reduction in selling pressure. Resistance Zone: The area between 0.9400 and 0.9450 will be a critical test for buying strength. Strong Support: The 0.9257 level remains a crucial point that buyers have defended in prior downtrends. Fundamental Considerations Euro (EUR): The euro's strength is influenced by Eurozone economic data and the European Central Bank (ECB) decisions. The recent release of the Consumer Price Index (CPI), showing inflation at 2.2%, is close to the ECB’s target. This indicates that the ECB may adopt a dovish monetary policy in the short to medium term, which could negatively impact the euro's strength. EUR/CHF is at a pivotal technical crossroads. The break of the descending trend line supports a bullish outlook in the short term, with initial targets set at 0.9490 and 0.9590. However, a failure to overcome the current resistance could see sellers regain control, with possible targets around 0.9300 and 0.9257. Traders should closely monitor price reactions to these critical levels before entering positions. Disclaimer 74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Long
by Marketscom
Intraday Levels for Nasdaq 100 Futures - 12/18/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
NASDAQ / Price at Critical Levels Amid Rate Decision SpeculationTechnical Analysis The price completed its correction to 21,900 and then pushed back up to the all-time high (ATH). Now, a drop toward 21,900 is possible, with a break below this level signaling a bearish zone. This movement will depend on Jerome Powell's speech and whether there is an indication of a rate decrease in the next meeting. A rate decrease would likely have a bullish impact on the indices. Conversely, if the price stabilizes above 22,120 with a confirmed 1-hour candle close, it would support a bullish trend toward 22,290 and 22,410. Key Levels: Pivot Point: 22120 Resistance Levels: 22230, 22400, 22510 Support Levels: 21900, 21770, 21620 Trend Outlook: - Bearish Momentum: Stability below 22,120 - Bullish Momentum: Stability above 22,120
OANDA:NAS100USD
by SroshMayi
As Expected Mother Line resistance has come into playAs we had expected in Yesterday's message the closing below Mother line yesterday meant that Mother line resistance was supposed to come into play today and it did. Nifty made a high of 24394 and ominous mother line resistance was near by as can be seen in the chart and Nifty got rejected from there. Now Nifty is tossed into bottom searching mode. Today's low that is 24149.85 was a support zone and we saw a closing above it at 24198 which is the silver lining in the cloud. If 24150 is respected tomorrow we can start seeing some range bound upside. If the support of 24150 is not respected and we get a closing below this level the further supports for Nifty will be at 23904, 23803 or Strong Father line support at 23689. If 23689 is broken we can see a low of 23291 or so as of now. On the positive side if the support of 24150 is respected by Nifty the resistances on the upside will be near 24311, 24435 (Strong Mother line resistance), 24627, 24793 or even 24960. 24960 is a strong resistance to cross but if and when it is crossed we can see more upside as Bulls will start calling shots above this level. Thus the most critical supports are 24150 and 23689. Most critical resistances will be 24435 as of now. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Tia’s Next Move: Opportunity Below $6?Tia/USDT has been lagging recently, and while other altcoins surged strongly after Trump’s election, Tia only recently managed to break above a key resistance level at $6. After reaching the recent high, the price corrected and is now back at the previous resistance level, which has turned into support. I expect this support to hold, and if it does, we could see a new upward leg for Tia. The immediate resistance is in the $7.3–$7.5 zone, and a breakout above this level could pave the way for further gains, potentially reaching the next key resistance levels at $9 or even $12. Buying below $6 could offer a solid entry point with a favorable risk-to-reward ratio.
BINANCE:TIAUSDLong
by Mihai_Iacob
3
US30: Bearish Momentum with CPI-Driven VolatilityTechnical Analysis The price dropped about more than 500 points as we mentioned previously, and is still under bearish momentum because already broken the bearish correction which is 44410. So as long as trade is below 44270 and 44410 it will drop to touch 43900, on the other hand, we have a CPI effect Today that will be expected with more than the previous result, in this case, will support the bearish movement for indices, especially realizing more than 2.7%. due to the high volatility, we have a bullish correction till 44300 or 44410. Key Levels: Pivot Point: 44270 Resistance Levels: 44410, 44590, 44750 Support Levels: 43900, 43760, 43490 Trend Outlook: Bearish Momentum previous idea:
OANDA:US30USDShort
by SroshMayi
Heartland Express Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Heartland Express Inc. - Double Formation * 12.50 USD | Survey value Area | Subdivision 1 * Retracement 1 | Not Numbered | Subdivision 2 - Triple Formation * ((Pennant Structure)) | Downtrend Continuation * 012345 | Waves Survey Valid * Retracement 2 | 0.5 | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:HTLDShort
by TradePolitics
WazirX (WRX)On the above 6-day chart price action has corrected over 90% since the sell signal in April 2021 (not shown). Now is the time to be long. Why? 1) You know why. 2) Price action and RSI resistance breakouts. 3) Multiple oscillators print bullish divergence over 120 day period. 4) Point no. (3) occurs on past resistance. Is it possible for price action to fall further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of portfolio Timeframe: Don’t know. Return: HKEX:19 / 100x
Long
by without_worries
19
THE KOG REPORT - UpdateEnd of day update from us here at KOG: We wanted that extension level 2645 for the long which gave us a nice early session move into the order region today. Excalibur activated short from there and we managed another short ending the day on Gold early due to the pre-event price action. We're now bouncing support 2630 which needs to hold us up to target that higher order region again where we are expecting price to settle. FOMC tomorrow so please reduce lots and expect the range to start chopping. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
2