Trend continuation trade just for learning purposes. Keep an eye out for volume, RSI and MACD gap
Current Price Level: The stock is trading at PKR 32.85, Potential Trading Strategy: If the price holds above PKR 32.40, a short-term recovery toward PKR 33.68 and 35.68 . A break above PKR 35.96 may signal a strong uptrend toward PKR 37.99. Caution : breaks below PKR 30.5, it may fall to the next support at PKR 27.35 Risk-Reward Calculation: Entry Stop-Loss Target (TP1) Target (TP2) Target (TP3) 30.00 28.00 (-2.00) 34.86 (+4.86) 35.96 (+5.96) 37.99 (+7.99) Disclaimer: The views and analysis in this article are opinions of author and are for Informational purposes only.
Here’s a clear breakdown for SPY based on the 1-hour chart and Options GEX: ? Technical Analysis (TA): * SPY recently broke structure bullishly (BOS) at ~$573, confirming bullish momentum. * Immediate Support identified around $570–$573, marking a potential bullish reversal zone (green zone). * Strong bearish reversal zone detected at $550–$560 (red zone), critical if the market pulls back significantly. * MACD and Stoch RSI are indicating potential weakening momentum; watch closely for consolidation or slight retracement. ? GEX & Options Insights: https://www.tradingview.com/x/utZpFhWf/ * Highest negative NETGEX / PUT support at $560 level. This area is crucial to watch for downside protection. * Immediate strong CALL resistance at the $575–$580 area, acting as a ceiling for bullish momentum. * IV Rank moderate at 23.2%, indicating balanced option premium pricing. * PUT/CALL ratio balanced (PUT$ 50.7%), indicating mixed market sentiment. ? Trade Recommendations: * Bullish Scenario: Confirm a hold above the green reversal zone ($573) and target CALL resistance near $580 initially, with a potential extension to $585–$590 if bullish momentum continues. Keep tight stops around $570. * Bearish Scenario: Consider bearish positions if SPY breaks below $570 decisively, targeting the significant bearish reversal zone at $560. * Neutral Strategy: Iron Condors or credit spreads between the $560–$580 range, benefiting from current balanced IV environment. ? Risk Management: Given current volatility at critical decision points, manage your risks carefully, and consider tighter stops and smaller position sizing. Trade smart and safe! Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
Bias: No Bias USD News(Red Folder): -None Analysis: -Daily retracement to the downside -Looking for retest on .618 fib level -Potential BUY/SELL if there's confirmation on lower timeframe -Pivot point: 3000,3040 Disclaimer: This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.
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Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/SGD Buy. Enjoy the day all. Cheers. Jim
Fundamental backed stock in reversal just for learning purposes. Keep an eye out for volume, RSI and MACD gap
Here's an in-depth update on PLTR based on the current 1-hour chart and Gamma Exposure insights. ? Technical Analysis (TA): * Current Price Action: PLTR is trading around $96 after a strong bullish move. It is currently consolidating within a green reversal zone, suggesting caution for possible short-term reversals. * Immediate Resistance: The significant gamma resistance (Gamma Wall) is located at $100, which could act as a strong magnet for price action but also a tough barrier for bulls. * Support Levels: Strong support and reversal (red) zone detected around $86, marking an important area for potential bullish continuation if tested again. * Reversal Zones: Price is currently inside the green reversal zone (around $95–$97). Watch closely for signs of weakening momentum or rejection, signaling a possible pullback. ? GEX & Options Insights: https://www.tradingview.com/x/8J5LZXuK/ * Gamma Resistance: Highest positive NET GEX at $100, creating a strong overhead resistance and potential magnet level for bullish scenarios. * Gamma Support: Put support relatively low with notable strength at $75, indicating significant downside protection. * IVR (Implied Volatility Rank): Moderately high at 52%, suggesting elevated premiums—favorable conditions for credit spreads or cautious long options plays. * CALL Dominance: Calls at 42.6% indicate a relatively balanced yet slightly bullish market sentiment. ? Trade Recommendations: * Bullish Scenario: Watch for a sustained breakout above the $97 resistance area targeting the key $100 Gamma Wall. Place a conservative stop-loss around $94. * Bearish Scenario: Consider bearish strategies (puts or credit call spreads) if a strong rejection from the current green reversal zone occurs, targeting downside levels near $90–$86. * Neutral/Range Scenario: Ideal conditions to implement neutral options strategies like iron condors or credit spreads between $85 and $100 given the elevated implied volatility. ? Risk Management: * Given PLTR's elevated volatility and proximity to reversal zones, tight risk management with clear stops is essential. Trade wisely and responsibly! Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage your risk appropriately.
Hi traders! , Analyzing Gold on the 1H timeframe, spotting a potential entry : ? Entry: 3,011.17 USD ? TP: 3,058.97 USD ? ? SL: 2,958.86 USD ? Gold is respecting the trendline and maintaining its bullish momentum. If this support holds, we could see a continuation toward 3,058. RSI is near oversold levels, indicating a possible rebound. ⚠️ DISCLAIMER: This is not financial advice. Trade responsibly.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAU/USD Sell. Enjoy the day all. Cheers. Jim