$BADGER looking like it can bounce here. Can potentially form harmonics.
trade info. - got this idea from moonin papa - chart is bottoming, tbt signal long muncul BINANCE:APTUSDT - 11 dollar risk 1% on sl
Keep Those Areas In Full In Limit Orders Full For Targets Keep hold For This 2758/2768/2775/2780 Keep hold on
Pair: USD/JPY ??? Direction: Short ? Target: 156.42902 ? Time Horizon: By Thursday, Jan 23, 07:00 UTC (approx. 9.5 hours) ⏳ USD/JPY has shown recent upward movement but may face resistance, indicating a potential pullback toward the 156.42902 level. Market behavior suggests this move could occur within the next 9.5 hours, aligning with observed price patterns. Keeping an eye on key economic developments that may influence market sentiment and price action. ?
COINBASE:BTCUSD NASDAQ:MARA NASDAQ:RIOT NASDAQ:CLSK NASDAQ:HUT Let's see what the charts say. Comment what you think about the charts. Comment any tips or suggestions. COINBASE:BTCUSD NASDAQ:IBIT AMEX:GBTC NASDAQ:COIN NASDAQ:MSTR NASDAQ:MARA NASDAQ:HUT NASDAQ:RIOT NASDAQ:CORZ NASDAQ:CLSK NASDAQ:IREN NASDAQ:BTDR NASDAQ:WULF
The S&P 500 closed less than 4 points from its record high on Wednesday. On one hand, the reversal candle with bearish volumes suggest a pullback, on the other we've seen bears humbled under similar scenarios over the past 18 months. Today I explain why I think a bullish breakout is on the cards, while highlighting my bearish concerns for market positioning. Matt Simpson, Market Analyst at City Index and Forex.com
Nifty is moving in range and now forming falling wedge
OANDA:XAUUSD is trying to consolidate above the previously broken boundary of the ascending channel. The struggle that has not ended creates risks for both buyers and sellers. The weakening USD, coupled with the lack of clarity surrounding President Donald Trump's policy plans and ongoing trade wars, continues to provide support for gold. Inflation expectations are rising amid a period of economic and geopolitical uncertainty, forcing the Federal Reserve (Fed) to maintain high interest rates for an extended period to control increasing price pressures. Since taking office, President Trump has provided little detail on his proposed tariffs, raising questions about the seriousness of these measures and their potential impact. In the coming days and weeks, the precious metals market will be influenced by constantly shifting news from Washington. Resistance levels: 2758, 2770 Support levels: 2750, 2745, 2730 Currently, prices are consolidating above previously broken resistance levels. If there is no bullish momentum and the price breaks through a false resistance channel, gold may decline toward 2745 - 2730. However, a breakout above the local resistance level could trigger buying and push the price to the target: 2770. Best regards, Bentradegold!
Change of character making higher lows and highs.... previously broke and retest trendline....Enter on momentum candle after retrace to Order zone. Projecting to 194, 3.0 RR
Analysis and Trade Plan for SPY Based on the 1-Hour Chart SPY is trading within a well-defined ascending channel, reflecting bullish momentum. However, key resistance at 607.82—backed by strong Gamma Exposure (GEX)—poses a critical decision point for traders. Here's a detailed breakdown of potential moves and strategies: Key Levels to Watch: 1. Resistance: * 607.82: Current high and GEX resistance. * 610-612: Psychological level and channel extension. 2. Support: * 605: Minor support within the trend. * 599.56: Major support zone highlighted by GEX and channel lower boundary. Momentum Indicators: * MACD: Bearish crossover, signaling potential short-term weakness. * Stochastic RSI: Overbought and turning downward, suggesting a possible pullback. * Volume: Moderate, with no strong conviction near resistance. Trade Plan for 1-Hour Chart Bullish Setup (Breakout Above 607.82): * Entry: Above 607.82, confirmed by strong volume. * Target: 610 and 612 (upper channel resistance). * Stop-Loss: Below 605. Bearish Setup (Breakdown Below 605): * Entry: Below 605, confirmed by increasing bearish volume. * Target: 599.56 and potentially 595 (lower support). * Stop-Loss: Above 606. Options Strategies Based on GEX (5-7 DTE) https://www.tradingview.com/x/cB9gvYTP/ The GEX levels provide critical insights into market dynamics, with 607 acting as a strong resistance zone and 600 as a key support. Utilizing options expiring in 5-7 days (Jan 30, 2025), we can position trades for both bullish and bearish scenarios while minimizing the impact of time decay. Bullish Option Strategy: * Buy Call: * Strike: 607 (ATM) or 605 (slightly ITM). * Expiry: Jan 30, 2025. * Entry: On a confirmed breakout above 607.82. * Target: Resistance at 610-612. * Stop-Loss: If SPY falls below 605. Bearish Option Strategy: * Buy Put: * Strike: 600 or 599 (slightly OTM). * Expiry: Jan 30, 2025. * Entry: On a confirmed breakdown below 605. * Target: Support at 599.56 and potentially 595. * Stop-Loss: If SPY climbs back above 606. Why 5-7 DTE Options? * Lower Theta Decay: Allows trades to develop over a few days without rapid value loss. * Controlled Risk: More time to adjust positions or exit with minimal losses. * Flexibility: Captures both intraday moves and multi-day trends. Trading Tip: Stay Flexible While the 1-hour chart shows bullish momentum, the negative skew (-17.9%) and GEX resistance at 607 suggest caution. Monitor price action closely at key levels, and don’t hesitate to switch bias if the market conditions change. Conclusion: SPY’s price action and GEX levels highlight critical opportunities for breakout or pullback trades. Use a combination of chart-based entries and 5-7 DTE options to maximize profit potential while minimizing risk. 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. ?