Um, NYSE:WMT up 30%+ for what? Bearish flow, I think this gets a healthy pullback. $85p for leaps could be a nice executing play. Possible inverse cup and handle playing out here. Not much indication on further upside, in my opinion. WSL
https://www.tradingview.com/x/D8fnyQVd/ Hello,Traders! GBP-JPY grew up sharply And the pair is locally Oversold so after it hits A horizontal resistance Of 199.805 we will see A local bearish correction Sell! Comment and subscribe to help us grow! Check out other forecasts below too!
You can see the previous chart and the massive dump after that. A similar pattern is formed again but seems like it had a breakout, however the breakout might be fake and this current pattern can be a reversal one. But on the other hand, it also seems like a cup is being formed. You may want to wait. If we see the price back to the bearish pattern you should be extra cautious, but if the price reaches the previous high we can enter after the handle is formed around 3$ can be reached before a bullish move. But if the first scenario plays out FTT will reach a new ATL. *Chart is inverted
AMEX:SPY - Short week from Xmas leaves us with an inside weekly setup to start the new year. The way 2-1-X and 3-1-X setups (Inside bar setups) work, is they either confirm what happened previously, or negate it. In this specific scenario on the weekly, we have a large red week of selling (2D, followed by a pretty neutral inside week (1). Next week either goes 2D, confirming the selling from the previous week and therefore showing evidence of continuation lower, or we negate that selling by making a higher high (2U) and looking to reclaim the highs from the big red week from when FOMC occurred. We can't predict which way the next week will go, but we can at the very least imagine what has to occur for both bull and bear scenarios to be successful. Simply put, above last weeks high means we are targeting the weekly high from the week prior to last week. Below last weeks low means we are targeting the weekly low from the week prior to last week. Break either side and come back into last weeks range means we are failing to confirm/negate what the signal is indicating, and then we target the other side. EX: Monday pokes above last weeks high but closes red. We then would look to engulf the week and create a 1-3 combo on the weekly. This week should be similar to last week, meaning it may be tougher to trade since we have a few negative considerations and less ideal conditions to trade. Considerations for the upcoming week: For starters, we have another short week with new years day on Wednesday being a full day closure for the markets. Short week means less time for weekly candles to form, and therefore, likely chance of less volume to occur compared to normal weeks. Secondly, its the new year! This means we see all new candles on every timeframe up to the yearly chart. So, new Year, Quarter, Month, Week, Day, Hour, etc. Because of this, we will see issues with decoupling. This means the Year, Quarter, and Month will all be the same exact candle until we get to the second month and quarter of the year. Because the week starts in 2024 and ends in 2025, the week will be decoupled, but the M, Q and Y will not. Again, not the biggest issues ever, but just considerations to have in mind. Weekly Watchlist: (Side Note: I have added all of my charts for individual tickers mentioned for further clarity on what I am seeing with these setups) Bullish: NASDAQ:MRVL - 3-1-2U W to confirm bright green M, Y https://www.tradingview.com/x/h951vZcR/ NASDAQ:AVGO - 2-1-2U W to confirm FTFC Up. Relative strength. 4HR 2-1-2U and 1HR 3-2U for Intraday entries Monday https://www.tradingview.com/x/4fLubyss/ Bearish: NASDAQ:SMCI - Shooter 2U W to confirm failed 2U month. Super nice Daily BF https://www.tradingview.com/x/L28uhMha/ NYSE:AI - 2-1-2D W to trigger Shooter failed 2U M. Gorgeous monthly Broadening Formation. https://www.tradingview.com/x/wh7YIjH3/ NASDAQ:MSTR - 3-1-2D W. BTC with a weak setup on the major TFs. Looking to capitalize through MSTR and other names in that space https://www.tradingview.com/x/Y2N51flc/ NYSE:BRK.B - Shooter 3 D. Weekly 2-2U too weak to hit magnitude last week. Month is 3-1 but big red currently. May be early on this but with similar setups in the Financial industry, this is one I want to watch. https://www.tradingview.com/x/xTuJL1LB/ NASDAQ:AMD - Hammer revstrat D to trigger Weekly 2-1-2U at Monthly Exhaustion level. Yearly has a nasty bearish revstrat setup forming, but if we are just daytrading this, it looks good for an exhaustion play intraweek. Otherwise will be watching all next year for that Y revstrat to play out https://www.tradingview.com/x/a9FqZ4YL/ Neutral: NYSE:SHOP - 3-1 W. Month Failing 2U. https://www.tradingview.com/x/Be1LMjal/ NASDAQ:NVDA : Currently Shooter 2U W. Normally this is just bearish, but the 2W chart can go hammer 1-2-2U, and M is 2D but close to open meaning it is failing that downside signal. I could see this going either way, but its such an interesting setup that I wanted to include it. https://www.tradingview.com/x/Z2CqNQB9/
?? ? **Stop Loss (SL):** Below **134.67** ? **Entry:** Above **137.12** ? **Target 1 (T1):** **139.08** ? **Target 2 (T2):** **141.89** ? **Why Trade:** Triangle breakout setup with bullish momentum and volume building for continuation. ✅ **Conclusion:** Monitor price action on Monday; confirm breakout with sustained momentum and volume. ??
This is just an update from the previous analysis on BTC. I`ll be posting a new Trading idea on BTC soon, stay tuned.
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https://www.tradingview.com/x/XkF2gSSM/ ✅GOLD broke our of the Bearish wedge pattern While trading in a downtrend So we are now bearish biased And we will be expecting A further bearish move down SHORT? ✅Like and subscribe to never miss a new idea!✅
I have a couple charts indicating to me that an upside move will happen, when? That's not up to me. It's been a while since NASDAQ:NVDA has had a 10% week, maybe it's to come soon? I see a inverted head and shoulders on a 4H chart and a little flagging going on here on the 1W? Interesting to see how this will play out. WallStLsr
EURUSD has been successively on a global decline.. and if noticed, the price is unable to break 1.03317. there is also a minor "CHOCH 30m, 1hr" and this might lead the price to a correction to Daily supply level at 1.05114 before continuation of decline might probably continues... I am at the moment going to take advantage of the correction for a buy if all my setups expectations aligns.. and take my profits at daily supply level of 1.05114(supply level)....