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AAPL: Be AWARE of the KEY SUPPORT level!• Since our previous analysis, AAPL has been trading above a key support level, around the $147 (link to my previous analysis is below this post); • The $147 is a multiple bottom area, as seen in the 1h chart, while it is the 21 ema in the daily chart, slightly above the 38.2% retracement; • Therefore, the $147 is the most important support level, in my reading, and only if AAPL loses it, we would see a sharper drop – in this scenario the $141 at the 61.8% retracement would be our target; • For now, it seems AAPL maintains its bull trend. Let’s pay attention to its key support level for now. I’ll keep you all updated on this, as usual. Remember to follow me to keep in touch with my analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
W Bottom to Momentum Run Example: CATWeekly Chart of CAT: this is one of the Dow components that is nearing its previous all-time high resistance levels. It is one of the first few Dow 30 stocks to challenge prior all-time high prices. Caterpillar Inc. has been running with momentum that will now pause or stall at this level. Now, watch to see which support level holds as profit-taking continues. This is NOT a trading range but an intermediate-term correction ending with a W bottom. Important to note the differences. A bottom after a correction tends to set up for momentum runs that can sustain longer than they do within a trading range.
NYSE:CAT
by MarthaStokesCMT-TechniTrader
1
USDJPY range boundUSDJPY is the only pending order I have at the London Open today. The consolidation is growing and the energy will be building for a breakout soon enough. The Daily trend has been lower of late and the higher time frame has a Bear Flag pattern that is growing the longer the consolidation occurs, with a target for TP1 @ 135.86 Currency pairs have been reversing their daily momentum this week, so I am leaving the USDJPY to buy on too. Just in case this is not a consolidation before a breakdown but an accumulation phase.
by Macrobriefing
AUDJPY Potential Buying Opportunity!Hello Traders, In this Today's trading session we will be monitoring AUDJPY for a Buying opportunity in and around 93.6 OB zone. Once we get a bearish confirmation the trade will be executed and shared with our premium subscribers! - RISK DISCLOSURE TRADING IS NOT SUITABLE FOR EVERYONE. TRADING FOREX INVOLVES HIGH RISKS AND CAN CAUSE YOU A COMPLETE LOSS OF YOUR FUNDS! Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose! The high degree of leverage associated with trading currencies means that the degree of risk compared to other financial products is higher. Leverage (or margin trading) may work against you resulting in substantial loss. And feeling a sensation similar to getting sucker punched in the stomach. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Market Opinions BigGainLTD will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. YOU are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. Internet Trading Risks There are risks associated with utilizing an Internet-based deal execution trading system including, but not limited to, the failure of hardware, software, and Internet connection. Since BigGainLTD does not control signal power, its reception or routing via Internet, configuration of your equipment or reliability of its connection, we cannot be responsible for communication failures, distortions or delays when trading via the Internet. Distribution This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to in this website are available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of and comply with any local law or regulation to which they are subject.
Long
by BiggainLTD
4
EURAUD End of Day StrategyIntroducing an End of Day (EOD) strategy that can cut down the amount of time spent at the charts. The indicators look complicated and anyone who says you should aspire to naked charts is correct. However, for this strategy, automating the process as much as possible lends itself to having some filters, triggers, etc. Managing the trade is done manually and two positions are initiated at the start of the trade. With an EOD strat, you don't necessarily need to worry about the fundamentals that happened during the day, as all of the news is priced into the last candle that closed. I would stress that selling low to buy lower and buying high to sell higher is the aim of this strat and that you should be aware of previous swing highs and lows.
Short
by Macrobriefing
Bitcoin Bullish Perspective Analysiscurrently, we are seeing the bitcoin price breakout, and respecting the falling wedge pattern, the support trendline held the price nicely with bullish divergence on MACD as additional evidence for a reversal signal. personally, I only conclude that bitcoin in a bullish phase when it's successfully breakout the 22500 resistance level. good luck! **Disclaimer** the content of this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
McDonald's Breaks Out 2.78%After a 9-month waiting period, McDonald’s has finally created new all-time highs. The previous all-time high was back in January this year at $271. Following that, price then went into a range between $217 and $271 and managed to pick up enough momentum this past week to force a breakout from consolidation. Our task now is to confirm whether this is a fake breakout or the beginning of a long-term trend. The way we confirm this as being the start of a trend is by waiting patiently on the sidelines. We need to wait for a pattern of higher highs and higher lows to develop, which is usually a sign of a bullish trend. That will give us the confidence that McDonald’s is embarking on the next leg of the bull trend. Waiting will not cause us to miss out because once the confirmation is set, then we can aggressively compound and maximise our profit on the way up. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NYSE:MCDLong
by Sublime_Trading
SPX: Heading to our target! What's next?• The SPX keeps going up, heading to our target at 3,911; • Since it hit our support at the 50% retracement, the index reversed, and so far, there’s not a single bearish sign indicating another crash; • As long as SPX stays above the dual-support area made by the 21 ema + 38.2% retracement, the bullish bias will persist until it hit our target, at least; • If it loses its dual-support level, then the index might seek its next support area, around the 61.8% retracement; • For now, everything is going according to the plan. I’ll keep you guys updated on this. Remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
1
AAPL: We nailed the bottom! How to proceed?• AAPL is doing exactly as we expected since our last analysis on it, and it is bouncing just after it hit a clear support level (the link to my last analysis is below this post, as usual); • Although this movement was pretty obvious, we can’t say this bounce will become a reversal structure yet – it is too soon; • However, AAPL has more upside, as the last gap is a technical target. The problem is that AAPL is having a hard time around the 21 ema in the 1h chart; • By breaking this 21 ema, AAPL might finally turn bullish again. On the other hand, by losing the previous day's low, it might frustrate the bullish bias; • In the daily chart, the 21 ema is very close to the gap area, making this point a dual-resistance level on AAPL; • Let’s follow it closely from here. Remember to follow me to keep in touch with my analyses!
NASDAQ:AAPL
by Nathan_The_Finance_Hydra
2
SPX: Next target and Key Points to watch from here.• The SPX is reacting above its retracements, as I warned on my previous analysis (link below this post); • Now, the index is trying to close above the retracements and above its 21 ema as well, indicating some strength; • Last Friday, the volume was quite high as well, another sign that the index wants to recover; • Since we finally see bullish reactions near its support level, the next technical target is the next resistance at 3,911; • Is there any chance that SPX could frustrate this thesis? Absolutely, but for this to happen, it must lose the 50% retracement again. In this scenario, it might retest the 61.8% retracement next, or even go to lower levels; • For now, let’s keep an eye on the 38.2% retracement and the 21 ema, as these are key support levels for the index in the short-term. Remember to follow me to keep in touch with my analyses!
SP:SPX
by Nathan_The_Finance_Hydra
GOLD AT A MAKE OR BREAK ZONEDear Trader, Quite happy with what gold did today. I have been waiting for the retest of the 1680 zone one more time and this was actually fast-tracked with increase unemployment rate despite the increase in NFP for the month. I believe Gold is at a very strong resistance right for the 4th time in the last in the last 8 weeks after the initial break down and has been rejecting the 1616 zone since then. Gold is not able ti breakout this time to the upside above 1700, then we should expect significant downward trend to the weekly order block in the lower blue zone. The best way to make money in this market is to wait and watch price action and follow the market direction. Will be waiting to see what happens next week. Enjoy your weekend!
OANDA:XAUUSD
by Olajireolapoju
SPY 52 WEEK LOW INCOMING?With the fed set to continue raising rates through 2022 I do not see a bottom in sight. Presented above I map out the two most possible scenarios in my opinion. The December fed meeting is the most important meeting coming post midterms. The November meeting this week will answer a few short term questions but the real question is do we begin slowing in December? If I had to answer the question above today the answer would be no! Based off the data we have received this month inflation is not slowing and unemployment is still low. The dollar has began to cool off, bonds & equities are getting some relief which provides more liquidity to the downside. The next week may become volatile or even a bit ranged bound as we wait on new data but I believe the end story is all the same. Spy breaking above the bear trend and 200ma invalidates my thesis. Fed rate slow also invalidates my thesis.
AMEX:SPYShort
by Ericc100k
3
META: Incredibly BEARISH!• META is still in a very strong bear trend, doing lower highs/lows in the short and mid-term; • So far, there’s not a single bullish sign of structure that could help META. Although there’s no perspective of a reversal, we must keep some key points in mind; • First, is the $96.37, the black seen in the 1H and D charts above. If, by any means, META reacts and closes above this point, it might indicate some exhaustion; • META could bounce to its 21 ema again, and this wouldn’t harm the bear trend at all, but this movement would have a high amplitude, as the 21 ema is very far from the price - so be careful; • Either way, the 21 ema in the 1h chart is going down as well, which might reinforce the resistance area around $96 in a couple of days; • As long as META maintains the pattern of lower highs/lows, below the 21 ema, below the previous resistances, the bear trend will just persist; Remember to follow me to keep in touch with my analyses!
NASDAQ:META
by Nathan_The_Finance_Hydra
Dow Jones Breaks Out!The Dow Jones is leading the way for the three US indices by being the first to recently break and close above the daily 200 simple moving average. There was a previous break and close above the 200 simple moving average back in August this year but this proved to be a fake breakout. Only to see price decline by 16%. This recent move up has been more impulsive than the previous move. The buyers look more in control, but we need further confirmation before we begin to take long positions again. We ideally want to see a pattern of higher highs, and higher lows, as this will indicate a change in behaviour for this asset. If the S&P and the Nasdaq follow suit and show signs of bullishness, this will further confirm strength in the market, and a long-term bullish trend will likely unfold. If you like enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:DJI
by Sublime_Trading
6