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Sibanye-Stillwater (SBSW) — Huge Move Ahead? (Platinum Miner)Sibanye-Stillwater is one of the world’s largest producers of platinum, palladium, and rhodium. Read more on their website . If you are bullish on platinum, this is a fantastic opportunity. On the weekly chart we can see accumulation has been happening on high volume since it hit support in November 2023. V-shaped recovery on high volume on the daily (for confirmation wait for current week to close above $4): Also last week had the highest volume since 2017. When comparing it with the platinum chart we can see it made very volatile moves in 2016 and 2021 and reached the top at around $20 when platinum did small rallies to $1150-1250 levels. Can you imagine what will happen if platinum makes a new all time high? For additional confirmation wait for trend line breakout: Conservative target is $20 but it can be much more if platinum makes new highs.
NYSE:SBSWLong
by function_mechanic
19
NQ Day Trading Analysis With Volume ProfileOn NQ, it's nice to see a strong buying reaction at the price of 19318. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
CME_MINI:NQ1!
by Trader_Dale
ES (S&P 500 Futures) continue with the UptrendOn ES (S&P 500 Futures) , it's nice to see a strong buying reaction at the price 5570. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Trader Dale
CME_MINI:ES1!
by Trader_Dale
EUR/USD continue with the UptrendOn EUR/USD , it's nice to see a strong buying reaction at the price 1.11000. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Trader Dale
by Trader_Dale
My expectations vs the possibilitiesAfter the long and short played out exactly as I thought. Can we now look further into an outbreak? Whether this is downwards or upwards, it does not matter. I think from experience that if we close a 4 hour candle below the 59656.7 level. that you are more likely to make a move down. If we close a 4-hour candle above the 60366.2 level, I expect that there is a greater chance that we will go higher. The last option is that we continue to move sideways. However, I think it is less likely that a long or short at the same level entails a greater risk. That's why I'm waiting for myself or one of the moves I just mentioned. I leave it to the market to determine what the price will do.
by KoraalTheOcean
Technical Analysis of Broadcom Inc (AVGO)The stock ( AVGO ) is in a long- and medium-term uptrend. In the short term, it is undergoing a retracement phase, having been rejected twice by the POC 1, which reflects the volume area starting from November 2023, when the latest uptrend began. After the second rejection from POC 1, which confirms its strength, the price is heading towards the $171 area, corresponding to a second volume zone, POC 2. This area acts as resistance, having already rejected the stock once, and we will see if it holds again. To summarize, in the short term, the stock is retracing, using POC 1 as support and POC 2 as resistance. This phase has resulted in lower highs and higher lows, forming a pattern known as a symmetrical triangle. The symmetrical triangle is generally considered a continuation pattern, meaning that the breakout often (but not always) occurs in the direction of the trend prior to the triangle's formation. However, it can also signal a consolidation phase or market indecision. Interpretation: Bullish Scenario: If the price breaks the resistance (the descending trendline of lower highs) and moves above POC 2, this would be a bullish signal. Bearish Scenario: Conversely, if the price breaks the support (the ascending trendline of higher lows) and moves below POC 1, this would be a bearish signal. It is important to confirm the breakout with an increase in volume, as a breakout without strong volume may indicate a false signal.
NASDAQ:AVGO
by Giovanni_Bandini
USOIL : Why a 56.53% Probability Signals a Strong Bullish Move!The current global landscape presents several factors supporting a bullish bias for USOIL: Geopolitical Tensions: Ongoing conflicts in the Middle East continue to create supply uncertainties, potentially driving prices higher. Economic Recovery: As major economies show signs of improvement, demand for oil is expected to increase, putting upward pressure on prices. OPEC+ Production Cuts: Recent decisions by major oil-producing countries to limit output could lead to tighter supply conditions. Leveraging Probabilities for Strategic Positioning I'm utilizing probabilistic analysis on my charts to get positioned into longs. Here's why this approach is valuable: 1. Risk Management: By assessing probabilities, I can better gauge potential outcomes and adjust my position sizes accordingly. 2. Identifying High-Probability Setups: Probability-based analysis helps pinpoint trade entries with higher chances of success. 3. Emotional Control: Using probabilities provides a more objective framework, reducing the impact of emotions on trading decisions. 4. Adapting to Market Conditions: Probabilistic thinking allows for flexibility in strategy as market conditions evolve. By combining fundamental analysis with a probability-based approach to technical analysis, I aim to capitalize on the bullish potential in USOIL. 12M: 2W: 1H:
TVC:USOILLong
by Jasminex1x2