Is gold finally topping? I expect a wick before a bigger push down to complete wave C. The RR is excellent. Trump's elected should strengthen USD, leading gold downward.
₿itcoin holding bullish structure with price above 20DMA. Closing below would signal the move down ~ GETTEX:92K Perfect example of why it's so important to hold the majority of your portfolio in CRYPTOCAP:BTC while the rest of the market continues to show relative weakness.
Quebra de estrutura de baixa quebrada, gerando um possível pullback pra reversao
Hi Traders. We see a breakout from a HTF ascending channel. Right now we see a LTF Correction what is a good sign. Wait for a breakout from this correction to confirm this setup.
Nvidia’s stock has experienced a significant drop in price in recent hours due to growing concerns about new competition from China, represented by the startup DeepSeek. This Asian startup is positioning itself to offer services similar to those of current AI industry leaders but at a much lower cost. Additionally, its open-source model, unlike competitors such as OpenAI , has generated high expectations, marking a new competitive challenge from China to the U.S. in this sector. Nvidia has led the steep declines in the tech sector in the short term. Range Breakout: Recent selling pressure has caused a breakout from a consistent lateral range that had been in place since late October 2024. The movement has been so aggressive that the price has also broken below the 100-period moving average and is now struggling with the 200-period moving average. If the strong bearish pressure continues in the coming sessions, it could jeopardize the long-standing upward trend visible on the daily chart prior to this event. RSI: The RSI indicator line has quickly adopted a bearish slope, moving decisively away from the neutral level of 50. However, recent price action has brought the line closer to the oversold zone at 30 , suggesting that the momentum of the current decline is significantly imbalanced. This could pave the way for small upward corrections in the short term. Key Levels: $114: Current support level corresponding to neutral zones from August and September 2024. Bearish oscillations breaking below this level could strengthen selling pressure and establish a sustained bearish bias in the market. However, this zone could also trigger new upward corrections in the coming sessions. $131: The nearest resistance level, coinciding with the 100-period moving average. Oscillations near this level could restore market neutrality and potentially lead to a new lateral channel. $144 : Distant resistance level. Oscillations reaching this level again would bring the strong long-term bullish trend back into focus. By Julian Pineda, CFA - Market Analyst
Bullflag printing after the flash crash ;) i think we go to 120k sooner than later hahaha
FTDR is a pattern breakout . Even with the S&P falling more sharply and the NASDAQ rallying, FTDR is able to breakout from a base today on good, rising volume. A breakout under these market conditions shows high relative strength. The fundamentals also look good. EPS increased significantly by almost 50% in each of the last four quarters. The homebuilding sector has been stronger in recent months, although the Fed's decisions this week may have a greater impact here. True leader! I'll buy it.
Good Evening and I hope you are well. comment: Perfect selling down to 21200 but the pull-back is tough for bears. Futures would need to immediately sell-off from 21500 to keep the bear case alive but above 21520 we print a new ath and maybe some more. Only below 21400 one can be bearish again. current market cycle: bull trend but could have ended today. market needs to print a lower high around 21500 and sell-off hard again. key levels: 21000 - 21700 bull case: Bulls prevented a really bad day and closed the gap at least in the US session. Very important day tomorrow. Ff they can keep it above 21400, we could see more upside but I doubt it will get much beyond 21644 if we get there at all. On the daily tf it looks like a perfect retest of the bull trend line we broke above last Wednesday. Invalidation is below 21000. bear case: Bears have to keep this below 21500 or we see more upside. RTH close was 21392 and futures open has to be bearish af to keep the bear case alive. Got nothing more for the bears here. Either continue to the downside now or we will stay at the highs for longer and likely make new ones. Invalidation is above 21500. short term: Neutral. Need to see futures open and if bears can keep it below 21500. Bullish above and bearish only below 21400. medium-long term from 2024-01-20: Market hit 21k and now it’s about being patient until we sell-off again. current swing trade: None. trade of the day: Selling before EU open or buying EU open. The open was neutral enough to not short the hole and longs were fine once we strongly broke above 21300.
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