Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Premium BUYS $1.16-$1.23 Premium SELLS $2.84-$3.08 TP 1 $2.84 TP 2 $3.00 TP 3 $3.08 TP 4 $3.20 All of these targets will be reached before ending of January 2025
The pair pared some of its gains on board-based US dollar weakness. The overall bias remains bearish as long as resistance 0.8900 holds. It hit a low of 0.87745 and is currently trading around 0.87875. In November 2024, the U.S. added 227,000 jobs, much more than the expected 202,000, showing a strong job market after a weak October. The unemployment rate stayed steady at 4.2%, but there was a drop of 355,000 full-time jobs. Private sector jobs rose by 194,000, with strong growth in leisure and hospitality. Wages increased by 0.4% compared to last month, indicating stable earnings. On December 4, 2024, key U.S. economic reports showed mixed results. The ADP Employment Report revealed that the private sector added 146,000 jobs in November, missing expectations of 152,000 and down from 233,000 in October. The ISM Services Index fell to 52.1, lower than the expected 55.7, indicating slower growth in the services sector. These reports suggest a slowdown in job creation and service industry activity as the economy adjusts. For the week ending November 30, 2024, initial jobless claims in the U.S. rose by 9,000 to 224,000, higher than the forecast of 215,000. The four-week moving average also increased to 218,250. Despite this rise, the job market remains strong with low layoffs, although some workers are experiencing longer-term unemployment, as shown by a decrease in continuing claims to about 1.871 million. Overall, the labor market is adjusting to various economic pressures.
Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Good volume buildup in daily and weekly timeframe. Supply zone breakout with good volume. Fundamentals are OK. Price has taken 200EMA support. NOTE: I do my analysis, do yours before trade.
Etherium coin long trade setup || this trade setup in SMC class || please note || take trade own risk ||
I'll check ADA USDT in the next post ADA BTC ADA BTC ADA BTC
✍️ NOVA hello everyone, Let's comment on gold price next week from 12/09 - 12/13/2024 ? World situation: Gold price (XAU/USD) dipped below $2,630 during North American trading on Friday following the release of the US Nonfarm Payrolls (NFP) data for November. The decline came as the labor market report revealed stronger-than-expected hiring, with 227K new jobs added compared to the forecast of 200K. The Unemployment Rate aligned with expectations, rising to 4.2%. Steady labor market growth has reinforced expectations for the Federal Reserve (Fed) to implement another rate cut in December. According to the CME FedWatch Tool, the likelihood of a 25-basis-point (bps) rate cut to 4.25%-4.50% this month has climbed to 87%, up from 71% on December 5. ? Identify: NF data makes gold price continue sideways - no trend break. High price zone ends in 2024. Will continue sideways price zone 2605 - 2688 ? Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2655, $2666, 2688 Support : $2622, $2605, $2587 ? NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
The rotation in the chart is quite clear In order to grow, it needs to break the resistance zone