We are seeing AUD/USD rebound from a 4-day bearish push to .61300 to new highs around the .62000 level. The .62000 level has been holding strong as a resistance level; four separate times it has held the market below it. It has now broken back above previous lows and is now retesting to the support line and is looking to move around the .61800 level. We are also hovering between the 50 and 200 EMA levels, with the EMAs starting to converge. Another sign we see is an inverse shoulder head shoulder on the 1 hour. The low of the right shoulder is the black box at .61700, and we don't want to see the market break below that point. If it breaks below the black low box, it is an indication of bearish strength. Move Summary: We want to see it make a move to break through the .62000 level to break into more buy territory and create new highs. A break above the 200 EMA would be another signal for bullish confirmation. Our target will be the MONEY box for a 3:1 trade. Like, Comment, and Follow if you agree with this Idea! Let's Connect!
Heavy sell off is at hand on AUDCHF, don't miss it and don't fail to drop your like and comment, thanks and God bless
Technical Analysis Overview: 1-Hour Chart: * Trend: CVX remains in a strong uptrend, approaching key resistance near $157.5. * Indicators: * MACD: Displays slight bullish momentum, but histogram is flattening, signaling possible consolidation. * Stochastic RSI: Overbought at 87, indicating potential short-term exhaustion. 30-Minute Chart: * Price Action: * CVX is consolidating near $157, just under key resistance at $157.5-$160. * Support at $155 has held firmly, demonstrating buyer strength in this range. * Volume: Moderate volume indicates steady buying pressure. Key Levels to Watch: Support Levels: * $155: Immediate support level and highest positive NETGEX. * $152.5: Next support zone, aligning with GEX10. * $148: Strong support near the 3rd PUT Wall. Resistance Levels: * $157.5: Immediate resistance, coinciding with the 3rd CALL Wall. * $160: Major resistance, aligning with the 2nd CALL Wall. * $165-$170: Long-term resistance zones with significant CALL walls. GEX Insights: https://www.tradingview.com/x/mWWAb8we/ Key Gamma Levels: * Positive Gamma Walls (Resistance): * $157.5: Highest positive NETGEX and immediate resistance. * $160: 82.85% (2nd CALL Wall). * $165-$170: Major resistance levels (12.8%-19.94% GEX). * Negative Gamma Levels (Support): * $155: Strong support aligned with highest positive NETGEX. * $148: Backed by significant PUT support (-0.89% GEX). Options Metrics: * IVR: 41.4, indicating moderate implied volatility. * IVx: 23.3, slightly below average. * Call/Put Bias: PUTs dominate at 22.7%, showing caution in the market. Trade Scenarios: Bullish Scenario: * Entry: Above $157.5 with volume confirmation. * Target: $160-$165. * Stop-Loss: Below $155 to limit downside risk. Bearish Scenario: * Entry: Rejection at $157.5 or a breakdown below $155. * Target: $152.5-$148. * Stop-Loss: Above $160 to control losses. Directional Bias: * CVX is consolidating below a critical resistance zone at $157.5. A breakout could lead to bullish momentum toward $160-$165, while failure to break higher may result in a pullback to $155 or lower. Conclusion: CVX is approaching a crucial inflection point near $157.5. Traders should monitor this level for signs of a breakout or rejection. A decisive move above $157.5 could signal further bullish continuation, while a breakdown below $155 may signal consolidation or a retracement. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.
The Head and Shoulders pattern is traditionally a bearish signal, but I think there is a bullish case to be made if Bitcoin breaks out above the downward-sloping trendline (which it will!) it invalidates the bearish pattern and turns into a major breakout. Here's why this scenario could be bullish: When Bitcoin breaks above the Right Shoulder or the Head, it invalidates the bearish head-and-shoulders pattern. This will lead to a short squeeze as traders expecting a breakdown (short sellers) are forced to buy back their positions, fueling upward momentum. The support area is very strong ($90k to $92.5k). FOMO and US Bitcoin policies will fuel the breakout. Continuation of the previous bull run and absorption of the increasing M2 money supply. Let me know your thoughts!
Price was consolidating yesterday and failed my previous setup. Probably because of the news coming up tomorrow. Inflation news might hit my SL initialy so Im prepared for it, but my bias remains the same
$USDBTC macro chart shows two long-term ascending wedges, highlighting consistent higher highs and lows over years. RSI coil near a downtrend suggests a potential breakout, while MACD shows increasing bullish momentum. Historical symmetry in cycles (~630-644 days) and volume decline point to a consolidation phase nearing completion. If soon there is a breakout above the orange wedge, it could align with BTC's historical explosive moves, targeting new highs. Bullish macro structure intact.
The Securities and Exchange Commission filed a lawsuit against Elon Musk on Tuesday over an alleged securities violation relating to his acquisition of Twitter, now called X. The SEC claims Musk failed to disclose his 5% ownership stake of Twitter in a timely manner, violating federal securities law, according to a complaint filed in federal […] © 2024 TechCrunch. All rights reserved. For personal use only.
Nvidia has been doubling down on the opportunity to build robotics and other industrial AI applications, with the launch of its Omniverse platform, and most recently Mega, an Omniverse Blueprint framework to create digital twins to operate these applications. It’s also investing in digital twin startups to get the effort off the ground. Taiwan’s MetAI […] © 2024 TechCrunch. All rights reserved. For personal use only.
The U.S. Department of Commerce announced a final rule Tuesday that would ban the sale or import of connected vehicles from China and Russia due to national security concerns. The rule would also bar Chinese car companies, such as WeRide and Pony AI, from testing self-driving cars on U.S. roads.  “China is trying to dominate […] © 2024 TechCrunch. All rights reserved. For personal use only.
Auch am Dienstag kreiselte unser Dax erstmal weiter im Karussell-Modus herum. Guten Morgen :) Marken mit Wichtigkeit und hoher Reaktionsfreundlichkeit für heute und die nächsten Tage sind meiner Meinung nach: 20730, 20425, 20360, 20205, 20120, 19895, 19600, 19480, 19335, 19250, 19120, 19050, 18880, 18760, 18600 Chartlage: positiv Tendenz: aufwärts Grundstimmung: positiv Nachdem unser Dax den Montag am Tageshoch schloss sollte es ihm leichter fallen die 20250 zum Dienstag gleich am Morgen noch anzustechen und dann sollte diese zur Richtmarke für den ganzen Tag werden. Würde er sich dort hart genug wieder abstoßen, sind unten 20200 aber später auch wieder 20150 / 20120 und gar 20060 / 20040 nochmal möglich gewesen. Sollte er aber einfach nur drüber laufen, als wäre da nichts im Weg, sind oben 20320 und 20400 dann die nächsten Anlaufstellen. So die Zusammenfassung von gestern. Und ohne Probleme schaffte es unser Dax hoch zur 20250 und sogar darüber, doch wirklich weit kam er dabei erstmal noch nicht und kreiselte sich dann von 20360 auch nur erstmal wieder auf Start zurück. Dennoch scheint der Abwärtsdruck der mit den NFP am Freitag aufkam erst einmal wieder vergessen. Das könnte es unserem Dax zum Mittwoch nun durchaus auch leichter machen, einfach wieder über die 20320 zu kletten um weiter an der 20400 zu arbeiten. Kommt er dort dann durch, wären sogar schon 20520 / 20550 erreichbar. Ein Unterbieten von 20200 würde auf der anderen Seite aber der Erholung etwas in die Suppe spucken und nochmal Platz für eine Ausdehnung nach unten hin zur 20150 / 20120 und auch 20060 / 20040 lassen. Die Scheine bleiben gleich. Für Aufwärtsstrecken der PG70KW KO 18600 sowie GQ9CGN KO 17000 und für Abwärtsstrecken der GG34Z4 KO 21400. Fazit: Mit der Erholungsfortsetzung vom Dienstag hat unser Dax den Verkäufern weiter Wind aus den Segeln genommen und könnte daher zum Mittwoch nun auch ohne Schwierigkeiten oberhalb der 20320 wieder hin zur 20400 tendieren und darüber dann auch zur 20520 / 20550. Sollte er aber hingegen unter die 20200 zurückrudern, würde das eher 20150 / 20120 und 20060 / 20040 nochmal ins Spiel bringen.