Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (ES1! 12M chart) https://www.tradingview.com/x/ZHsp1V8C/ When looking at the Fibonacci ratio, the area marked with a circle is an important support and resistance area. If there is an additional rise in the area where the current price is located, it is expected to determine the trend again around the left Fibonacci ratio point of 3.618 (6579.25). If it fails to rise, it is expected to fall to the Fibonacci ratio range of 0.618 (5273.25) ~ 2.618 (5434.75). - (1D chart) https://www.tradingview.com/x/WGxV2xBu/ The point to watch is which direction it deviates from the box range of the HA-High indicator. The HA-High indicator is formed at the 6066.50 point. - https://www.tradingview.com/x/FJt27Nwm/ Since the MS-Signal (M-Signal on the 1D chart) indicator is passing around 6066.50, the 6066.50 point is expected to play an important role as support and resistance. Accordingly, the key is whether it can be supported in the 6066.50-6106 range and rise to around the Fibonacci ratio 1 (6178.50). If it falls below 6066.50, it is expected to fall to around 5935.75-5972.75. - Ultimately, if it cannot get out of the box range of the HA-High indicator, you should trade within the box range. The box range of the HA-High indicator is 5906.50-6148.0. - Thank you for reading to the end. I wish you successful trading. --------------------------------------------------
From $3 to $8 to $11.51 NASDAQ:AIFF ended up going all the way to +271% after 3 Buys along the way ? Again, posted in it TradingView public chat at 9:15 AM EST 15 minutes before market open as the strongest stock this morning while it was still in +40% range. Congrats! Let's catch new wins tomorrow Others worth trading were NASDAQ:LTRY NASDAQ:LIPO NASDAQ:SOPA
Tesla: An Opportunity? Despite mixed results in several of its quarterly reports, there are several catalysts that could indicate that the recent price pullback might be a buying opportunity. Revenue Growth: Tesla is expected to continue its revenue growth, driven by the expansion of its product portfolio and the adoption of its North American Charging Standard (NACS) by other automakers. Innovations and Launches: Tesla plans to launch several new models in 2025, including a more affordable vehicle with a base price of around $25,000. Challenges and Competition: Although Tesla remains a leader in the electric vehicle market, it faces increasing competition, especially from Chinese manufacturers. Financial Outlook: Despite some uneven financial results in recent quarters, analysts remain optimistic about Tesla's long-term prospects. Revenue is expected to grow steadily, and gross margins are expected to stabilize as the company reduces costs. Impact of AI: Tesla is investing in artificial intelligence technologies, which could further drive its growth and solidify its market position. Bonus: Tesla is expected to launch its robotaxi service in Texas in June 2025 and the Optimus humanoids in 2026.
ECONOMICS:USIRYY 2.9% (January/2025) source: U.S. Bureau of Labor Statistics https://www.tradingview.com/x/oIpZXRXx/ - The annual inflation rate in the US likely held steady at 2.9% in January 2025, matching December’s figure, which was the highest since July. On a monthly basis, the CPI is expected to have risen by 0.3%, slowing from 0.4% in December, with food and energy prices continuing to increase, particularly natural gas. Meanwhile, annual core inflation, which excludes volatile components such as food and energy, is anticipated to decline for a second consecutive month to 3.1%, marking the lowest level since April 2021. In contrast, monthly core inflation is projected to edge up to 0.3% from 0.2% in December, driven primarily by an increase in new and used car prices.
EURGBP is still in a down trend and a possible sell in place after price break down the flag and the support level. Good LUck
Good Evening and I hope you are well. comment: I do think the profit taking is around the corner but for now that does not help. Longs are paying, so join the bulls or wait for bigger bears to appear. No more bullish targets from me. 20k was a bubble but 22k is beyond everything. -30% would bring us to 15% and that was the beginning of this bull trend in 2023-10. No matter how you draw the patterns, we are above all of them or at the very top. Looking for shorts does not help when the market goes only up. Join the momentum or wait for the profit taking to begin. current market cycle: trading range key levels: 22000 - 22300 bull case: Bulls have measured move up from last weeks low and there is a bull wedge line going up to 22300ish. No idea if we can get there but until we have a daily close below 20k, bulls have all the momentum on their side to continue. Invalidation is below 21900. bear case: Bears need to break below many bull trend lines and ema before this can start selling bigger. If bears could prevent the current gap from 22118 to 22180 tomorrow, that would be a start. Retesting 22000 would be the next step but for now the bull trend line is intact and we can’t expect it to break all of a sudden. If bears somehow get below 22k, which I doubt, 21850 is the next bigger target. Invalidation is above 22300. short term: Neutral. Can’t hold the bearish bias when market is only going up. Can this be the top and we go down from here? Yeah sure but the same logic was true at 20k. Picking tops is a bad game. Need to have a daily close below 22k before we can look for lower targets. Right now bulls are still creating gaps below and that’s bullish af. medium-long term - Update from 2024-02-11: I need to stop playing the top picking game. This trend is so beyond anything. Disgusting also. Big bull wedge on the daily chart has to break down and if we can close below 21900 again, I will look for lower targets. I still think this is a blow-off top and will be the exhaustive end of the trend but that believe does not help when the market is only going up. 19600 is my minimum bear target for this year. current swing trade: None trade of the day: Buying the open and holding because the low 21969 held, which was only couple of points below the Globex low.
Long position After break downtrendline can set long position Target : 0.790 - 0.86
The US dollar is weakening due to rising inflation, expansive fiscal policies, and mounting national debt, which erode its purchasing power. Additionally, the Federal Reserve's potential pause in aggressive rate hikes reduces yield appeal, while geopolitical shifts and de-dollarization efforts by nations like China and Russia challenge its global reserve status. As alternative currencies and digital assets gain traction, confidence in the dollar declines. By 2027, these factors could drive the GOLD to $4,400 against key benchmarks, reflecting diminished credibility and a shift in the global financial landscape. Investors may increasingly diversify away from the dollar, accelerating its devaluation.
- Natural gas reversed from the support area - Likely to rise to the resistance level 3.67 Natural gas continues to rise strongly inside the short-term upward impulse wave iii, which started earlier from the support area located between the round support level 3.0000 (which has been steadily reversing the price from November) and the lower daily Bollinger Band. The upward reversal from this support area created the daily upward gap – which signals the strength of this support area. Given the clear daily uptrend, Natural gas can be expected to rise to the next resistance level 3.67 (which has been reversing the price from December).
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