HOVR- Backtest to confirm botttom! -Quasimodo pattern. -Backtest with low supply vol- good signals to confirm bottom and go up with uptrend structure. -Key levep support at the entry. -Demand zone support. . Wait n see! Follow us for more plans at Facebook group US STOCKS- WALL STREET DREAM and Discord Channel!
Hello friends. According to Elliot Wave from ETHUSDT I expected the leg C for this currency and start downtrend at 3700$ shows on chart and touch the target at 2700$ . be profitable .
After along correction now its moves in a positive direction ultimately achieves its new highs.
Last Close 6373 , Will face Hurdle around 6410--6453 , Sell On Rise For The target 5825 Exit From this Sell If Get 2 Consecutive Daily Close Above 5480 200 SMA WILL ACT AS STRONG RESISTANCE 6410
This chart is amazing , you can buy with 0.4585 stop loss for RR2 and higher tp
Welcome to Makatrade, it can go according to the path I specified
US30 hit my zones perfectly and I am excited for this week to be a continuation. I will be looking for another entry to this swing trade on the dips to 42.600-42.700 anything below 42.550 has potential to retest 42.250 which would suck ! Lol so let’s hope the whales are full and ready to leave this area.. next stop 43.500 Scenario: if scenario plays out the week will start bullish with a potential drop back into the KILL ZONE on Wednesday w the red folder news that day but afterwards buyers will clean all that liquidity back up and NFP Friday will propel it to the 1st major target 43.500 w the week closing very Bullish. Will monitor the play through out the week and update accordingly but if it does close as predicted the following week will most likely be a continuation to the next Major Zone at 44.450 & beyond. May the pips be in our Favor !
Reliance Inc: A Strategic Shift in the Metals Industry ?️ ? Overview Reliance Inc., formerly known as Reliance Steel & Aluminum Co., has positioned itself as a leading player in the metals service center industry. The transition to "Reliance Inc." reflects its broader focus on value-added metal solutions, serving industries from construction to aerospace. As of January 2025, the company continues to demonstrate resilience and adaptability in a challenging macroeconomic environment. ? Financial Performance https://www.tradingview.com/symbols/NYSE-RS/financials-income-statement/ Revenue Growth: $18.76B in 2024 (+12.3% YoY). EPS: $27.45, reflecting operational efficiency. Profit Margins: 15.2%, well above industry averages. Dividend Yield: 2.5%, appealing to income-focused investors. Reliance’s ability to grow revenue while maintaining robust margins underscores its competitive edge, even amidst rising costs and industry challenges. ? Technical Trends https://www.tradingview.com/symbols/NYSE-RS/technicals/ Support Level: $240. Resistance Level: $260. Momentum: The stock is showing bullish signs with recent consolidation, suggesting potential for a breakout. However, investors should monitor RSI and volume trends to gauge overbought conditions. Technical indicators favor a cautious yet optimistic approach for short-term traders, while long-term investors may see this as an opportunity to accumulate. ?️ Strategic Initiatives Acquisitions: Recent purchases in aerospace and defense markets expand Reliance’s reach into high-margin, growth-oriented industries. Rebranding: The shift to "Reliance Inc." signifies a focus on innovation, sustainability, and comprehensive metal solutions, setting it apart from traditional competitors. These initiatives reflect a forward-thinking approach, enabling the company to diversify revenue streams and reduce dependency on cyclical sectors. ? Competitive Landscape Nucor Corp. NYSE:NUE & Steel Dynamics NASDAQ:STLD : Larger, vertically integrated firms with broader global reach. Ryerson Holding Corp $RYI. & Olympic Steel NASDAQ:ZEUS : Smaller competitors, more vulnerable to economic cycles. Reliance’s Edge: Value-added services, extensive geographic presence, and customer-focused solutions give it a competitive advantage. In a highly fragmented industry, Reliance’s operational efficiency and strategic acquisitions enhance its market leadership. ? SWOT Analysis Strengths: Diversified income, strong brand, and efficient operations. Weaknesses: Cyclical demand impacts revenues during downturns. Opportunities: Growth in renewable energy and aerospace sectors. Threats: Rising competition from fintech-enabled logistics and geopolitical risks. Investors should weigh these factors carefully, as Reliance’s strengths align with long-term growth trends. ? Key Takeaways for Investors Reliance Inc. combines stability with growth, offering: https://www.tradingview.com/symbols/NYSE-RS/forecast/ A reliable 2.5% dividend yield. Exposure to growth markets like aerospace and renewable energy. A strategic rebranding initiative signaling adaptability in a dynamic industry. While risks like economic sensitivity and geopolitical challenges remain, the company’s robust fundamentals and strategic moves make it a compelling choice for 2025. ? Disclaimer This post is for informational purposes only and does not constitute financial advice. Investors are encouraged to conduct their own research or consult with a financial advisor before making any investment decisions.
For the determination of short, medium and long term trend, I prefer to look at multi-timeframe chart to get a clear picture. For yearly TF, we have a clear long term bullish trend. However, if we look at 3M TF, a shooting star is formed and signals a bearish trend for the next 3 months at least. For 1M TF, the bearish trend should continue as 10 EMA is not yet touched. When we move down to 2W TF, 10 EMA is held strongly, which signals a possible retrace from there. However, current 2W bar is not closed yet. It will be interesting to see how it will be closed. If it closed below 10EMA line, a heavy sell off will come. In 1W TF, we do see a bullish candle formed just beneath 10 EMA line. The fact that it's not breaking 10 EMA gives possibility of melting down directly from there. However, the possibility of moving up towards 2700 has not been ruled out. Therefore, we may have two possible moves indicated in the chart for next few weeks.
Swept sell side liquidity, looking for close over 4h high listed for a breakout of the low resistance liquidity run down, target the 975 area buyside liquidity. by Jan 21st.