Tesla has topped and now will be range bound for a long time. So , trade, do what you do best. Forget buy and hold for the next 12 months. A sell off to $315 should be bot, and then sold at $430. Murrey, Elliot and Kumar wave being used here.
DAX (GER30) is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 20,510.80 which is a multi-swing-high resistance. Stop loss is at 20,800.00 which is a level that sits above the 127.2% Fibonacci extension. Take profit is at 20,013.22 which is an overlap support that aligns close to the 61.8% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBPUSD Daily chart Fibo E + BB + on SMA area, should see an up move from this area
Harmonic Pattern Trading Strategy: 1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy. 2. Implement proper risk management. 3. Limit exposure to 3% of capital per trade. 4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity. 5. Conduct thorough diligence and analysis before trading. Disciplined approach = Enhanced edge.
The DAX, Germany's benchmark index, faces pressure from both economic data released this morning and China's new regulatory policies that directly affect European companies with operations in the Asian giant. Impact of economic data in Germany The economic data released reflects a cooling in the German economy, especially in exports (-2.9%) and industrial production (-1%). This particularly affects exporting companies, a key component of the DAX, such as Volkswagen, Siemens, and BASF, whose revenues are highly dependent on foreign demand. Economic highlights: 1. MoM imports (November): o Result: -0.1% (previous: 0.7%, expected: -3.3%). o Imports show a slight contraction, indicating lower domestic demand for foreign goods. This can be interpreted as a cooling of the local economic activity. 2. Trade balance (November): o Outturn: €13.4B (previous: €14.8B, expected: €19.7B). o Although the trade surplus remains positive, it is below expectations, reflecting a drop in net trade due to a decline in both exports and imports. 3. MoM Exports (November): o Outturn: -2.9% (previous: 2.0%, expected: 2.1%). o The significant drop in exports indicates weaker demand from Germany's trading partners, which could be a reflection of a tougher global environment, especially in sectors such as automotive and machinery. 4. Industrial Production MoM (November): o Outturn: -1% (previous: 0.5%, expected: 1.5%). o Industrial production shows a larger-than-expected contraction, underscoring the weakness of the manufacturing sector, traditionally a backbone of the German economy. China's regulatory requirements and their impact on DAX companies. The German Index (Ticker AT: GER40), which represents leading German stocks, shows mixed performance today, influenced by the release of key economic data from the Eurozone and Germany. The results reflect signs of a slowdown in the industrial and commercial sector, which could lead to market volatility. New security laws in China are forcing European companies to 'silo' their operations in the country, generating higher operational and strategic costs. This has significant implications for strategic sectors such as automotive, pharmaceuticals and technology, which are highly represented in the DAX: 1. Manufacturing and automotive sector (Volkswagen, BMW, Daimler, Siemens, BASF): o Companies are seeing how their subsidiaries in China must operate more independently, which increases regulatory compliance costs and reduces the efficiency of supply chains. o Uncertainty about what constitutes a “security risk” in China affects the ability of these companies to plan long-term investments. o Industrial companies such as Siemens, BASF and Volkswagen are showing declines due to the contraction in industrial production and exports. This economic data today can be interpreted as a sign of weakness in the German economic recovery. 2. Export Sector: International trade-oriented companies, such as Daimler and BMW, could face further pressure from falling exports, especially in key markets such as Asia and the United States. 3. Financial sector: Banks such as Deutsche Bank and Commerzbank are stable as the data does not directly affect the financial sector, but the overall macroeconomic environment may influence their long-term projections. 4. Technology sector (Infineon, SAP): o Technology companies are particularly exposed to the need to adapt their products and services to local regulations, which could limit their global competitiveness. 5. Pharmaceutical sector (Bayer, Merck): o New regulatory requirements and lack of clarity on “made in China” labeling could limit access to public tenders in the country, affecting growth in a key market. Overall implications for the DAX. - Increased costs: Compartmentalization of operations implies additional costs in logistics, compliance and duplication of resources. - Investment concerns: Companies could reduce their exposure in China due to regulatory uncertainty, impacting their growth prospects in the medium to long term. - Impact on market sentiment: Sectors more exposed to China, such as automotive and technology, could see further pressure on their share prices, affecting the DAX's overall performance. DAX technical outlook: - The DAX has traded in a range these days between 20,384.43 and 20,241.58 points during the first hours of trading in a distribution phase. The current appearance of the long-term chart being a consolidated uptrend from January 6 with an uptrending crossover of averages. - Key resistance at the Check Point (POC): 19,923.05 points on the daily chart, the last accumulation zone, a level to which the index could return if the economic data continues to disappoint, completing the corrective phase. - Immediate support: It is located at the bottom of the range (20,241.58 points), which acts as a psychological barrier against further declines. - Expected volatility: The RSI is at 48.54% in the middle zone. The combination of weak economic data and regulatory tensions in China could lead the index to test support levels in the coming sessions. Conclusion The DAX faces a challenging environment due to domestic economic weakness and external complications in key markets such as China. While global markets remain mindful of monetary policies, the lack of momentum in key sectors in Germany could limit the index's performance in the near term. Investors will be watching how companies adapt their operations to new regulatory requirements and upcoming macroeconomic data and statements from the European Central Bank, especially regarding the outlook for growth and monetary policy that could influence the index's outlook. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
EURNZD ( 4H / 1D ) Market price : 1.84475 Sell now : 1.84475 Tp1 : 1.83687 Tp2 : 1.82485 Sl : 1.85480 ( 70 pip ) Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ❤️ Remember this is a position that was found by me and it is a personal idea not a financial advice, you are responsible for your loss and gain.
From the provided chart: 1. **Break of Structure (BOS):** The market recently broke above a key level, indicating bullish momentum. 2. **Support Zone:** Price is currently retesting a demand zone (highlighted in light orange) near 2660, showing signs of a potential bounce. 3. **Target Area:** The purple line at 2676.82 marks the next resistance or target level. A continuation of the bullish trend may aim for this level. 4. **Trade Setup:** The blue arrow suggests a likely move upward if the demand zone holds, confirming the retest. **Conclusion:** Wait for confirmation of support around the current zone (2660-2664) before entering a long trade, with a target of 2676.82. A failure to hold this support could lead to further downside testing.
In this video I will only be recapping what was said and explained in yesterday's tutorial video.
The pair has been moving up sharply due to USD strength overall. The USDX (see my other update) shows clearly we may see a downward move on the index, hence all pairs willo be affected, and so will the USDZAR. we are above regression channel, and this usually does not remain as it is, as it will correct likely lower to mid-channel levels. For now strategy SELL @ 18.8500-18.9500 or higher, and take profit near 18.4750 for now.
Hello and greetings to all the crypto enthusiasts, ✌ Overview of Floki Inu: In the world of cryptocurrency, numerous projects exist, each falling into specific categories based on their characteristics and objectives. One such category is meme coins, which, despite their whimsical nature, have captured the attention of investors and enthusiasts alike. Among the most popular and disruptive meme coins in the crypto space is Floki Inu, a project that has gained significant attention with its remarkable market cap and immense influence in the crypto industry. Floki Inu is a meme coin inspired by the name of Elon Musk's dog, built on the Ethereum blockchain. In this analysis, we will explore what Floki Inu is, who its creators are, its origins, how to purchase it, its use cases, whether it represents a sound investment, and what sets it apart from other competing meme coins. My Personal Perspective and Technical Analysis of Floki Inu: Cryptocurrencies associated with famous personalities inherently carry high potential, but they are also characterized by significant volatility and high risk. However, they can be good options for short-term and periodic gains. The technical chart of this asset currently shows a promising upward trend, though we might observe some bearish consolidations before this upward movement fully materializes. That being said, please take note of the disclaimer section at the bottom of each post provided by the website, this is merely my personal opinion and should not be interpreted as financial advice. How to Buy Floki Inu? First, you need to create an account on an exchange that lists Floki Inu. It’s essential to choose a secure trading platform with strong security measures like two-factor authentication and data encryption. The transaction fees should also be reasonable to avoid diminishing your profits. Make sure the platform supports Floki Inu and offers an easy-to-use interface for smooth trading. Reading user reviews and online feedback can help you choose the right platform. The History of Floki Inu: What is the story behind the creation of Floki Inu, and how did it all begin? The creation of Floki Inu stems from a single tweet. On June 25, 2021, Elon Musk, the CEO of Tesla and the current owner of Twitter, tweeted that he would soon be adopting a Shiba Inu puppy, which he intended to name Floki. Little did anyone know, this tweet would spark the creation of a new meme coin bearing the name of Musk’s dog. Following the tweet, an anonymous developer created Floki Inu, only to abandon the project shortly thereafter. However, less than two weeks later, on July 6, 2021, a passionate community of supporters and enthusiasts revived the project, taking matters into their own hands. The team behind Floki Inu recognized the significant influence Musk had on the price movements of meme coins such as Dogecoin and Shiba Inu. Interestingly, on September 12, when Musk tweeted that his family had received the puppy, Floki Inu was already actively being traded in the market. The token was deployed on the Ethereum blockchain as an ERC-20 token. However, Floki Inu quickly evolved from a simple meme coin to a multifaceted project that now includes elements of Web 3.0, decentralized finance (DeFi), and the Metaverse. Floki Inu has since become known as The People’s Crypto. Floki Inu’s Mission: The Floki Inu team asserts that the project is part of a broader movement aimed at charitable activities, including building schools and addressing food insecurity. Their primary vision is to build schools in underdeveloped countries around the world. This mission has even garnered recognition from major institutions; for instance, Nasdaq (the New York Stock Exchange) listed Floki Inu as one of the top metaverse projects to invest in during 2022. The Floki Inu team is also collaborating with the Million Gardens Movement, led by Kimbal Musk, Elon Musk's brother. According to Floki Inu’s official website, it is the only cryptocurrency project that has an official partnership with this movement. The goal of their collaboration is to combat global food insecurity. Use Cases of Floki Inu: Floki Inu’s utility can be summarized in four key areas: 1. Investment: Floki Inu has garnered attention as a meme coin, largely due to Elon Musk’s tweets, which have historically influenced the price movements of cryptocurrencies. Many investors may purchase Floki Inu with the expectation that it will experience similar price increases driven by social media attention. 2. Trading: As with other cryptocurrencies, Floki Inu can be traded to capitalize on price fluctuations, with traders seeking to profit from short-term market movements. 3. Staking: Floki Inu is also a cryptocurrency that can be staked in various wallets, offering users the opportunity to earn rewards in return for locking their tokens in a staking mechanism. 4. Charitable Initiatives: This is perhaps the most distinguishing feature of Floki Inu. The project positions itself as a charitable movement, with its long-term vision of building schools and addressing food insecurity globally. The Floki Inu Ecosystem: Floki Inu has developed a unique ecosystem comprising several distinct projects that are still under development. These projects span areas such as non-fungible tokens (NFTs), decentralized finance (DeFi), and the Metaverse. Given that the adoption of Floki Inu in DeFi platforms or NFT marketplaces is currently limited, the development team is focused on expanding the token’s utility and broadening its acceptance through these diverse initiatives. Some of the key projects within the Floki Inu ecosystem include: Valhalla: An NFT-Based Game Floki Inu has entered the NFT gaming space with its game, Valhalla, which is centered around NFTs. In this game, players can earn rewards based on their participation, with full ownership of the FLOKI tokens they acquire. These FLOKI tokens act as the in-game currency, which can be used for purchases within the game. FlokiFi: A DeFi Project FlokiFi refers to a collection of decentralized finance (DeFi) products that Floki Inu plans to launch in the future. The first product in this suite is the FlokiFi Locker, which is designed to be one of the most innovative protocols in the industry for securing digital assets. There are also hints of new staking products in the works, although specific details have yet to be disclosed. FlokiPlace: An NFT Marketplace In line with the growing popularity of NFTs, Floki Inu aims to create FlokiPlace, a marketplace dedicated to NFTs and digital assets. The goal of FlokiPlace is to facilitate the buying and selling of NFTs and other digital products, while also establishing Floki Inu as a viable alternative to Bitcoin, Dogecoin, and even the US Dollar as a medium of exchange. Floki University: A Metaverse Platform for Crypto Education Floki University is an educational platform designed to teach individuals about cryptocurrency and blockchain technology. This metaverse-based university will offer a range of educational resources, with a focus on raising awareness of the Floki Inu ecosystem. Most of the courses will be available for free, though some specialized courses may require a fee, which can be paid using the FLOKI token. The long-term vision for Floki University is to become a leading platform with the largest database of crypto-related content, accessible to users worldwide using the FLOKI token. ? Our team's main opinion is: ? Floki Inu is a meme coin inspired by Elon Musk's dog, launched in 2021, and built on the Ethereum blockchain. It aims to be more than just a meme, with a focus on charitable projects like building schools and tackling food insecurity. The ecosystem includes NFT games, DeFi projects, a marketplace, and an educational platform, positioning Floki Inu as both an investment and a movement. Give me some energy !! ✨We invest countless hours researching opportunities and crafting valuable ideas. Your support means the world to us! If you have any questions, feel free to drop them in the comment box. Cheers, Mad Whale. ?