Super Micro Computer Inc is neutral on its 1D technical outlook (RSI = 52.184, MACD = 0.800, ADX = 28.146), the ideal condition to go on a long term buy as the price has been holding the 1D MA50 for 2 straight weeks. The goal now is to cross again above the 1D MA200 but that was already done on February 18th and the pattern that has been established is a Channel Up. The market however may be aiming at much higher as the November 14th 2024 bottom was priced on the Head of an Inverted Head and Shoulders pattern, a technical bullish reversal formation that targets its 2.0 Fibonacci extension once completed. The trade is long, TP = 148.00. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
4-hour timeframe Gold is currently in a strong uptrend, consistently reaching new all-time highs. There are potential opportunities to enter long positions on Gold during this 4-hour pullback, with the $2950 level being a key area to watch for potential longs. This level has several confluences supporting it: 1. Support zone 2. Trendline 3. Fibonacci Golden Pocket (0.618 - 0.65) Daily timeframe The $2950 level on Gold appears to be an ideal point to manage long positions and ride the uptrend. If Gold breaks below this level, we could see a decline to around $2800. Therefore, it's important to monitor the $2950 level closely. https://www.tradingview.com/x/GKH8szY1/ Thanks for your support. - Make sure to follow me so you don't miss out on the next analysis! - Drop a like and leave a comment! Lets chat in the comment section. See you there :)
On the 4-hour chart, gold has a strong support level near 3000, which is also the neckline of the head and shoulders top pattern. It is expected that buyers will intervene here and use the neckline as a risk control point, with the goal of pushing gold prices to new highs. On the contrary, sellers will focus on gold prices falling below this support to enhance confidence and increase short selling. The 1-hour moving average of gold has begun to flatten. If the 1-hour moving average of gold turns downward, the strength of gold bulls will weaken. In addition, the 1-hour moving average of gold has already formed a head and shoulders top pattern. Gold is under pressure to continue to short at the high point of 3057. At present, the support of the moving average needs to focus on the MA20 line, and the dead cross signal of the MACD indicator should also be guarded against. It is not ruled out that there may be a profit correction at the end of the weekly line. Therefore, it is recommended to rebound high and short as the main operation. In the short term, the price of gold may fluctuate and consolidate in the range of 2980-3057. The support below focuses on 3000 and 2990. If these supports are effectively broken, the price may further drop to 2980-75. In the medium term, gold prices are expected to maintain an upward trend. If gold prices can regain $3,045, they may challenge the historical high of $3,057.28 again. After breaking through, a new round of gains will be expected, with the target at the psychological level of $3,100. However, changes in market sentiment will be the key to judging the effectiveness of the breakthrough. The idea is to rebound and short first, with support at 3,000-2,990 below, further support at 2,980, and resistance at 3,025-3,030 above.
USDJPY - 4H Chart Sell Analysis Market Structure & Price Action • The price has been in an uptrend but is currently rejecting a key resistance zone around 149.796 - 150.000. • Multiple liquidity grabs (wick rejections) are visible around this area, indicating strong selling pressure. • A clear double top or liquidity sweep pattern is forming around the highs, signaling a potential reversal. Key Resistance & Supply Zones • The red supply zone around 149.500 - 150.000 has been tested multiple times, showing sellers are stepping in. • Previous support turned resistance zones (highlighted in gray) are aligning with this area. • The last bullish move failed to break convincingly above 150.000, indicating exhaustion. Bearish Confirmation • Price has rejected the supply zone and is currently showing signs of a breakdown. • If price remains below 149.500, it confirms that sellers are in control. • The lower high structure aligns with the Smart Money Concept (SMC) of distribution. Potential Target Areas • First target: 148.500, aligning with previous demand and a liquidity area. • Final target: 146.920, where the next major demand zone and liquidity pools are visible. Trade Setup • Entry: Below 149.500 after a retest. • Stop Loss: Above 149.800 - 150.000 (above recent highs). • Take Profit: 148.500 - 146.920. Confluence Factors 1. Liquidity Grab: Price spiked above previous highs but failed to sustain. 2. Supply Zone Rejection: Strong rejection from 149.796. 3. Bearish Market Structure Shift: Potential lower high formation. 4. Risk-Reward Ratio: Favorable setup towards 146.920. Final Outlook • If price stays below 149.500, bearish momentum should continue. • A break below 149.126 confirms further downside. • A close above 150.000 invalidates this sell idea.
shorted $swarms just now. Smaller size than usual - 0.15% on hyrotrader - not because its lower quality or anything , just to manage risk. Already have enough positions but this looks like a clean drop.
Gold has now formed a head-and-shoulders structure. The rebound in gold continues to be bearish, and the market is weakening. The market is currently showing a clear bearish trend. Although the 3,000 mark has fallen below, the bearish power is ready to go, and may be tested again in the future. Gold operation strategy reference: Short order strategy: Strategy 1: When gold rebounds around 3020-3022, short (buy short) 20% of the position in batches, stop loss 3055, target around 3010-3005, break to see 3000 line; Long order strategy: Strategy 2: When gold pulls back to around 2998-3000, long (buy long) 20% of the position in batches, stop loss 8 points, target around 3010-3015, break to see 3020 line;
History leads to the future. In weekly Chart big green candle is another sign of bull market.
Gold operation strategy reference: Short order strategy: Strategy 1: When gold rebounds around 3020-3022, short (buy short) 20% of the position in batches, stop loss at 3055, target around 3010-3005, and look at the 3000 line if it breaks; Long order strategy: Strategy 2: When gold falls back to around 2998-3000, buy (buy up) 2/10th of the position in batches, stop loss 8 points, target around 3010-3015, and look at 3020 if it breaks;
USDJPY is neutral on its 1D technical outlook (RSI = 46.506, MACD = -0.960, ADX = 25.882) as it is on the tightest range possible between the 4H MA50 and 4H MA200. This consolidation is taking place at the top of the 2 month Channel Down. As long as it holds, the trade is short, aiming for a -3.20% bearish wave (TP = 145.500). If the price crosses above the 4H MA200 though, go long, aiming for the R1 level (TP = 154.835). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Potential for a bullish pullback on the US30 H1 which could lead to a price movement towards the resistance level at 42500. BUY levels from 41800