Step 1: Ride the Wave 5 Momentum ACHR is about to start its Wave 5 rally, offering an excellent short-term long opportunity. Currently we're in the middle of Wave 4 and we will likely experience 3 to 5 days of accumulation/indecision before Wave 5 starts. Let’s break it down: Slow Stochastic Bullish Momentum The Slow Stoch oscillator is signaling strong bullish momentum, albeit in overbought territory. This is typical during Wave 5 and suggests further upside potential before the trend exhausts. Staying with the momentum while it lasts can be very rewarding. Massive Volume Spike In the last three weeks, ACHR has seen a significant increase in volume, indicating strong buying interest. Volume often leads price, and this kind of activity strengthens the case for continued upward movement. The surge in interest can drive the stock toward its next key resistance around $9.84. Fundamental Catalysts Driving Momentum Recently, ACHR has achieved major milestones, such as progress on FDA approvals and securing new contracts and orders. These developments add to the bullish sentiment, attracting more traders and creating a supportive backdrop for the rally. Trade Execution: Enter a long position now to take advantage of the current momentum and aim for a target near $9.84 (the resistance zone). Consider tightening your stop-loss to protect profits as the stock approaches this level. Step 2: Exit, Wait for the ABC Correction, and Re-Enter for a Bigger Move After completing Wave 5, the market is likely to enter a corrective ABC phase. This is where it’s smart to exit your position and wait on the sidelines. Why? The correction will likely bring the price down to a more attractive level, allowing for a better risk-reward setup for the next big move. Once the ABC correction concludes, re-entering around the key support zone sets up a new long opportunity with an eye toward the Q1 2025 target of $12. The long-term fundamentals of ACHR and its growing momentum in the market make this a high-probability setup. Trade Execution: Watch for the corrective phase after Wave 5 completes. Use Fibonacci retracement levels or support zones to identify a potential re-entry point.
WTI Crude Oil is neutral on its 1D technical outlook (RSI = 51.599, MACD = -0.340, ADX = 19.425) as the price hasn't practically moved for 3 straight weeks. Even the 1W RSI remains neutral (RSI = 46.004) as the last 4 candles have closed inside the 1M MA50 - 1M MA100 range. The 1M MA100 is basically supporting the pattern since April 2021. As long as it does, chances are will see a strong rebound to the R1 level, a price action much like what followed the 2013 consolidation that pivoted to Leg (4). A similar S1 Zone was supporting on the 1M MA100. Consequently, we turn bullish on WTI expecting a R1 test in the coming months (TP = 95.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
GBP/AUD is rising towards the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.9613 Why we like it: There is a pullback resistance level that is slightly below 61.8% Fibonacci retracement. Stop loss: 1.9784 Why we like it: There is a pullback resistance level that aligns with the 127.2% Fibonacci retracement. Take profit: 1.9381 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Take 5 risk reward setup with only 0.5% of portfolio good luck nfa Dyor ......................................................................
DOGEUSD Technical Analysis The price is trading bearishly within a descending channel. Stabilization below the 0.4121 level confirms the continuation of the downward trend towards 0.3505, acting as a corrective movement to counterbalance the prior uptrend and accumulate additional positive momentum. As the correction nears its completion, the price is anticipated to attempt a recovery by rising above 0.4121. Subsequently, a breakout above the upper boundary of the descending channel could pave the way toward the key resistance level at 0.4725 and then to 0.5200 as a new high level. Key Levels: Pivot Point: 0.4121 Resistance Levels: 0.4121, 0.4450, 0.4725 Support Levels: 0.3505, 0.2935, 0.2776
Finally complete Head and shoulders and fasten ur seat belt and watch doge in 1$.
My thoughts on gold. Also, check out my YouTube channel for videos on how I trade and make money every week for aggressive scalpers like myself who like to be in and out of the market fast feel free to join my discord and trade with me live every day at 2.30 pm UK time. The links will be somewhere in my bio. Live trade with me here - https://discord.gg/rDa3J2qu
Fundamental Analysis for GBPNZD 1. Exogenous Factors: GBP Strength: UK's economic data (e.g., GDP growth, interest rate policy, and BoE decisions). Favorable economic conditions like inflation control and rising bond yields boost GBP. NZD Weakness: Weak performance in New Zealand's trade balance. RBNZ's dovish monetary policy or slower GDP growth compared to the UK. 2. Endogenous Factors: GBP Endogenous: Bullish sentiment as per seasonal and historical data (e.g., increased activity in Q4 for GBP-related pairs). Positive investor confidence driven by high employment data or policy clarity. NZD Endogenous: Seasonal trends show NZD might weaken during this period. Export-driven economy potentially impacted by lower commodity demand globally. 3. Sentiment and Scoring: Net positioning (e.g., COT report) shows GBP long positions dominating over NZD shorts. Seasonality factors favor GBP strength over NZD during Q4 and early December. 4. Key Observations: GBP's domestic resilience, alongside NZD's external vulnerabilities (e.g., trade dependencies), creates a bearish environment for GBPNZD. Conditional scoring favors GBP over NZD as the dominant currency. Technical Analysis for GBPNZD The pair is respecting a descending channel. A potential breakout could signify bullish momentum if GBP strengthens further. Support: Around 2.1420 (previous swing low). Resistance: 2.1650 (upper channel line). RSI: Close to 59, indicating bullish momentum but not overbought. Look for divergence at key levels. Moving Averages: Identify whether SMA/EMA aligns with the trend for confirmation of the setup.
BBUSDT Technical analysis update BBUSDT price has formed a double bottom pattern on the daily chart. The price has already moved up by 80% from the bottom and is now trading near the double bottom neckline resistance. Additionally, the price is trading above the 100 EMA on the daily chart. Once a breakout above the neckline is confirmed, a strong bullish move can be expected.
ETH falls from the top of a Rising Wedge Pattern. Price falling through the floor of a Rising Wedge Pattern could indicate greater bearish sentiment in the market. Dipping below 3500 would confirm the bearish trend, which could so far as 3300, while bouncing from 3500 would indicate a greater bullish pattern, that could move beyond 4000. At the same time, the RSI is rising in a higher highs pattern. Which could indicate the momentum is behind bulls. Either way, it's a tense moment that could pull in either direction.