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S&P500: Futures Stuck in Tight Range S&P 500 futures traded mostly sideways yesterday, remaining confined within a tight range. In our primary scenario, however, we anticipate that magenta wave (4) will soon resume its downward move. During this phase, the index is expected to initially break below the support levels at 6540 and 6371 points. We then look for the final low of the wave (4) correction to occur within our green Long Target Zone between 6163 and 5912 points. Once this low is established, the subsequent wave (5) should propel prices above resistance at 6952, marking the peak of the broader blue wave (III). Immediately after, we expect the onset of magenta wave (1), which should kick off a significant corrective phase. However, if the index continues to fall below the Long Target Zone, our alternative scenario may come into play (probability: 31%). In that case, it would suggest that the alternative blue wave alt.(III) has already completed and the major correction is already in progress.
CME_MINI:ES1!Short
by MarketIntel
1
Broadcom - The short of the century!⏰Broadcom ( NASDAQ:AVGO ) is reversing right now: 🔎Analysis summary: Broadcom is just insane. After another retest of the very steep support trendline, we just witnessed a crazy rally of +200%. But at this exact moment, Broadcom is totally overextended and retesting major resistance. A healthy correction is starting today. 📝Levels to watch: $400 and $300 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
NASDAQ:AVGOShort
by SwingTraderPhilTV
Nvidia - Now is the time to go short!💣Nvidia ( NASDAQ:NVDA ) is now creating a top: 🔎Analysis summary: Just a couple of days ago, Nvidia perfectly retested a major resistance trendline. Always in the past, such a retest was followed by a major move towards the downside. Therefore, Nvidia is preparing for a major drop, which could lead to another -25% drop in the future. 📝Levels to watch: $180 and $140 and $100 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
NASDAQ:NVDAShort
by SwingTraderPhilTV
36
$BTC fractal - spot on compared to 2021 for chop dropCRYPTOCAP:BTC has shown us some violent weeks the past month or two. Now we are in the time I like to call "chop drop" - this is the chop and consolidation after some massive drops in price. It tends to get slightly volatile in that region because you have many late shorters and many early longers battling it out. I like what I see from a fractal based on 2021. According to that analysis, it appears (if it follows the fractal), that CRYPTOCAP:BTC could range between 85-95k. Based on psychological levels, I could see a range up to 100k. In this example, the piece of the fractal I use to analyze the "chop drop" leads to a bear market in 2022 - I don't believe we enter that long of a boring/flat consolidation in 2026 though. Once QE fully kicks in from the fed, it is likely we could see some beautiful upwards momentum, but we have a long year ahead, I do think its likely these could be the lows though!
BITSTAMP:BTCUSDLong
by chiro_crypto
Now or neverThe bears need to step in today for a C wave to play out. If the market does not drop, we are likely consolidating before a bigger move up. The Vix has no bullish indications right now. In general, the market is not acting the way it should if a C wave is to come, but I'll wait and see if today there is any change. Gold getting a pullback but the bias is still up. Oil can't old the 18ma, so bias is still down. BTC rally but still under it's 18ma, bias is still down. Natural Gas looks like a comfortable short entry with a tight stop.
AMEX:SPYShort
by rsitrades
3
EURUSD: Bearish Pressure Building at Critical ResistanceEURUSD: Bearish Pressure Building at Critical Resistance EURUSD has once again reacted strongly to the major resistance zone that has held multiple times in the past. The pair tapped this level and immediately showed rejection, signaling that bullish momentum is weakening in this area. After forming a symmetric consolidation structure and breaking upward, price is now struggling to sustain gains. The repeated rejection (highlighted) suggests that buyers are losing strength and a corrective move to the downside is likely. If bearish pressure continues, the first target sits around 1.15300, followed by deeper retracement levels at 1.14700. A full correction toward the broader 1.14078 support zone is still possible if momentum accelerates. As long as EUR/USD remains below this key resistance, the bearish path remains the more probable scenario. Only a clean breakout above the resistance zone would invalidate the setup and open the door for further bullish continuation. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
14
EURJPY Breaks Structure: The Key Pullback Level I’m Waiting For📊 I’m currently watching EUR/JPY closely. The pair has broken structure to the upside, showing clear bullish intent 🔼. However, when we compare price to the VWAP, it’s noticeably overextended 📈. 📉 On the volume profile, price has pushed through a major resistance level — the Point of Control — which has now flipped into an important value area acting as support 🟩. 🔍 Because price is stretched, I want to see a pullback into this support zone, hold firmly there, then deliver a fresh bullish break followed by a retest of the current range. If EUR/JPY stabilises and holds above the volume profile levels, I’ll be watching for a long opportunity 💰. ⚠️ Not financial advice.
Long
by fxtraderanthony
GBPJPY H1 | Bearish Reaction Off Key ResistanceMomentum: Bearish Price is currently within the bearish ichimoku cloud. Sell entry: 206.167 - Strong pullback resistance - 61.8% Fib retracement - 61.8% Fib projection Stop Loss: 206.816 - Overlap resistance Take Profit: 205.551 - Pullback support High Risk Investment Warning Stratos Markets Limited (tradu.com/uk ), Stratos Europe Ltd (tradu.com/eu ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 Global LLC (tradu.com/en ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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. 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. 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.
Short
by Tradu
GBPUSD wave 2 pullback? Buy the dip or sell the Rachel rally?Sterling surged over 1% last week on UK budget relief, the so-called "Rachel Rally", but profit-taking kicked in at resistance. With both the BOE and Fed now 90% expected to cut in December, the dollar is under more pressure, making Cable pullbacks attractive buying opportunities. Key drivers: "Rachel Rally" profit-taking after Sterling's best week since August led to double top at 1.3275 resistance. BOE December rate cut priced at 90%, creating short-term headwinds. Fed December cut odds surged to ~90% after ISM Manufacturing fell to 48.2, the ninth straight month of contraction, keeping dollar weak. Both central banks are cutting, but USD is under more pressure right now, supporting GBPUSD on pullbacks. Wave structure : Five-wave leg complete from 1.30 low, now in Wave 2 correction. Key support zone between 38.2% and 61.8% Fibonacci (around 1.3150–1.3130). If this holds, buying the dip for Wave 3 of Wave 3 (or Wave 3 of C) targeting 1.3275, then 1.3315 and higher. Alternative : Losing 1.31 increases risk of continuation lower toward previous low and potentially 1.2847. Looking to buy the GBPUSD dip? Share your Wave 2 entries in the comments and follow for more macro-plus-technicals trade ideas. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
XAUUSD H1 | Bullish Bounce Off Key SupportMomentum: Bullish Price is currently within the bullish ichimoku cloud. Buy entry: 4,193.44 - Pullback support - 61.8% Fib retracement - 100% Fib projection Stop Loss: 4,153.98 - Swing low support Take Profit: 4,241.36 - Swing high resistance High Risk Investment Warning Stratos Markets Limited (tradu.com/uk ), Stratos Europe Ltd (tradu.com/eu ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 Global LLC (tradu.com/en ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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. 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. 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.
TRADU:XAUUSDLong
by Tradu
USDCHF H4 | Bullish Bounce Off Key SupportMomentum: Bullish Price is currently within the bullish ichimoku cloud. Buy entry: 0.79918 - Strong overlap support - 50% Fib retracement - 100% Fib projection Stop Loss: 0.79423 - Overlap support Take Profit: 0.80445 - Overlap resistance High Risk Investment Warning Stratos Markets Limited (tradu.com/uk ), Stratos Europe Ltd (tradu.com/eu ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 Global LLC (tradu.com/en ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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. 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. 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.
Long
by Tradu
USDJPY H1 | Bearish Reaction Off Pullback SupportMomentum: Bearish Price is currently below the ichimoku cloud. Sell entry: 155.958 - Strong pullback resistance - 50% Fib retracement - 78.6% Fib projection Stop Loss: 156.426 - Multi-swing high resistance Take Profit: 155.344 - Swing low support High Risk Investment Warning Stratos Markets Limited (tradu.com/uk ), Stratos Europe Ltd (tradu.com/eu ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 Global LLC (tradu.com/en ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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. 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. 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.
Short
by Tradu
1