This is a trade I've held for a while. I did this with a couple of WMT covered call trades I made and simply felt like sharing this trade. I will do my best to update this as I roll from this point forward. I will also try to share if I enter a second SPY ITM covered call. No commission will be recorded, only trade prices.
Gold prices dropped by $25 on Thursday, December 4, breaking below the consolidation zone. It's common for gold to test both the highs and lows of consolidation areas ahead of major data releases. I view this decline as a potential manipulation of the lows, anticipating a rebound toward the 2658 level to target the highs before a stronger sell-off resumes after the data release. Alternatively, the price might extend this manipulation phase further, reaching the 2675-2680 level, where the H4 order block aligns with the upper boundary of the descending channel. 1st Scenario Short Entry: 2658 Stop Loss: 2663 2nd Scenario: Short Entry: 2675 Stop Loss: 2690 Targets: 2622 > 2605 > 2589 > 2560 >...>2430
TSLA has experienced a sharp breakout, showing significant bullish momentum. The price action is forming a clean structure with clear support and resistance levels, making it ideal for both scalping and swing trades. Let’s dive into the setup and game plan. Market Structure Overview: * Trend: TSLA is in a strong uptrend, recently breaking above key resistance levels. The trendline support remains intact. * Current Price Action: * Price is consolidating near $368-$375 after the breakout, suggesting potential for either continuation or pullback. * Strong volume accompanied the breakout, supporting the move higher. Key Levels to Watch: * Resistance: * $375.43: Key short-term resistance. * $384.41: Next upside target if momentum continues. * Support: * $355.02: Immediate support level, aligning with previous resistance turned support. * $348.12: Critical support zone and trendline base. Liquidity Zones & Order Blocks: * Liquidity Zone: The price may target stops below $355.02 before resuming upward. * Order Blocks: * Bullish OB: Between $348.12-$355.02, strong demand zone. * Bearish OB: Near $375.43-$380, aligning with recent selling pressure. MACD & Volume Analysis: * MACD: Momentum remains positive, but the histogram is showing signs of divergence—potentially signaling slowing bullish momentum. * Volume: High during the breakout but slightly declining as the price consolidates. Watch for volume spikes near key levels. Scalping Strategy: * Entry: * Look for quick longs at $355-$358 if price pulls back with confirmation (e.g., bullish engulfing candle). * Alternatively, short scalps at $375 with bearish rejection. * Exit: * For longs, take profits near $368-$370. * For shorts, target $360-$355. * Stop-Loss: * Tight stop at $353 for longs, $377 for shorts. Swing Trading Strategy: * Bullish Play: Enter on pullback to $355-$358 zone with confirmation. Target $375, then $384. * Bearish Play: If the price fails to break above $375 convincingly, short with a target of $348-$350. * Stop-Loss: For longs, set below $348. For shorts, above $377. Game Plan for TSLA Trading: 1. Pre-Market Prep: * Mark key levels: $375 (resistance), $355 (support). * Check for Tesla-related news or macroeconomic updates. 2. Market Open Strategy: * Wait for the first 15-30 minutes to observe the direction. * Look for a pullback or breakout confirmation. 3. Intraday Execution: * Use trendlines and moving averages to confirm entries. * Avoid chasing the price during volatile spikes. 4. End of Day: * Secure profits or close positions if the trendline breaks. Likely Direction: * Bullish Scenario: A breakout above $375 could push TSLA to $384 or higher, continuing the uptrend. * Bearish Scenario: Rejection near $375 and failure to hold $355 could lead to a pullback towards $348. Disclaimer: This analysis is for educational purposes only and is not financial advice. Always perform your own research and trade responsibly.
INDEX:BTCUSD FAILED a breach of 100k! Now it has setup my Spike indicator perfectly for a 3:1 Reward/Risk back down to retest the prior ATH at 73811. I could not have asked for a better setup. I refused to short this rally... knowing better than to get in the path... waiting for a signal. That has now happened. This has been the most interesting Daily candle of the whole rally. Over the past 24 hours the social media sentiment has gone from exuberance at the break of 100k to now slamming back down inside the prior pre-100k high. THEN... right before the bar close a volatile selloff. How, why, does not matter. A chart is a record of human emotion expressed in price. The party could be over.
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Hecla Mining Company - Double Formation * Support=0 At 4.20 * Left Shoulder & 1)) | Uptrend Bias | Subdivision 1 - Triple Formation * ((Neckline)) & Wedge Structure At 6.20 | Subdivision 2 * Retracement 50)) & 0)) | Potential Gaining Area * 1 Hour Time | Trend Behaviour & Entry | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
Recent short attack will likely be a two-part process. Expecting strong buy wave to 17-18.5 zone near term before renewed aggressive selling down to next liquidity target zone at 10.4-11 level. There exists a small gap at 9.95-10.05 which may be targeted by shorts. Unsure if it gets filled during market hrs or during extended session. Planning to go long again from 10.4-11 via limit buy orders sometime this month. Expecting us to get the buy opportunity before 12/20 date before the next swing target to 25.00 once we see a break above 26.5, it'll confirm for me the greater buy sequence will continue on weekly timeframe for advancement to 75-80$ analyst target level. Until then, we may remain rangebound between 15-25$ levels. Personally expecting price to reach 100$ sometime by late 2025.
Price formed h&s pattern, pulled back and filled liquidity to gather bullish momentum. Price also broke above previous high, making hhs and hls. Both daily/4 hourly and other tfs support bullish bias. I am going for buy the rest right now and my target would be 151.224
RSI (Relative Strength Index): The RSI is at 72, suggesting overbought conditions in the short term. However, in strong uptrends, RSI can remain overbought for an extended period. Volume Analysis: Volume is relatively high, indicating strong market interest and momentum in the current move. There is no significant volume divergence, meaning the uptrend might still have fuel left. Key Resistance Levels to watch: Resistance: Near 0.060 is critical level to watch. Any breakdown below 0.052 would be a great oppotunity to ride the wave down. Invalidation @ 0.61
NVDA continues its bullish march within a clear ascending channel. The price action presents excellent opportunities for scalping short-term volatility and swing trading the broader trend. With key support and resistance levels, alongside MACD divergence, here's a comprehensive analysis and trading game plan. Market Structure Overview: * Trend: NVDA is trading within an ascending channel, suggesting bullish momentum. However, the price is approaching resistance near $148-$150. * Current Price Action: The last few candles show a slowing upward momentum, signaling potential consolidation or pullback. * Key Levels: * Resistance Zones: $148.55 (short-term), $152.89 (channel top and major resistance). * Support Zones: $137.77 (critical swing low), $131.89 (channel bottom and potential bounce area). Liquidity & Order Blocks: * Liquidity Zones: Significant liquidity sits below $137.77, which could attract a stop hunt before a reversal. * Order Blocks: * Bullish OB: Around $137.77-$139, aligning with the last strong bullish breakout. * Bearish OB: Near $148-$150, likely to act as a supply zone. MACD & Volume Analysis: * MACD: Shows a bearish divergence—momentum weakening while price trends higher. Watch for a cross below the signal line for confirmation of a pullback. * Volume: Declining on recent upward moves, which may indicate waning bullish strength. Scalping Strategy: * Entry: Look for short scalps near $148-$150, especially if a rejection forms with bearish candles and MACD confirmation. * Exit: Target $145-$144 for quick profits, with a tight stop-loss above $150. * Stop-Loss: $150.50 to minimize risk in case of a breakout. Swing Trading Strategy: * Bullish Play: Wait for a pullback into the $137.77-$139 support zone. Enter long if bullish confirmation (e.g., hammer or engulfing candle) appears. * Bearish Play: If price fails to break $150 and confirms a lower high, consider shorting with targets at $137.77. * Stop-Loss: For longs, set at $137. For shorts, above $150. Game Plan: 1. Pre-Market Prep: * Mark key levels: $150 (resistance), $137.77 (support), and channel edges. * Check for news or macro events affecting tech stocks. 2. At Market Open: * Monitor initial price action for rejection or breakout near $148-$150. * Look for high-volume moves to confirm trend direction. 3. Mid-Day Play: * If price consolidates near the channel's midline, avoid overtrading. * Focus on reacting to breakout or pullback scenarios. 4. EOD Exit: * Close all scalping positions by the day's end to avoid overnight risk. Likely Direction: * Bullish Scenario: A breakout above $150 could push NVDA towards $152.89 or higher, aligning with the channel top. * Bearish Scenario: Failure to sustain above $148 may lead to a retracement towards $137.77 for liquidity. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always perform your own due diligence and trade responsibly.
As mentioned earlier, the upcoming period marks a significant inflow of capital into Altcoins. This shift is driven by profit-taking from Bitcoin’s downward adjustments and from Altcoins that have already mirrored Bitcoin’s upward trajectory. Why Choose PUNDIX? PUNDIX presents a strong opportunity for capital allocation, supported by its D1-W structure. The current D1 chart indicates a correction phase, setting the stage for further upward momentum. Trend Direction: D1-W-M (Daily-Weekly-Monthly upward trend) Entry Range: $0.54–$0.60 Status: Awaiting confirmation signal from the Rainbow MG3 indicator Trading Method: Spot PUNDIX stands out as a promising Altcoin with its technical structure and potential for growth. Keep a close watch for confirmation signals to maximize investment timing!