Hey guys! Today we're talking about Broadcom NASDAQ:AVGO , which we think is the poster child for AI hype in stocks these days. In our view, shares of the semiconductor company are trading WAY above 'Fair Value', and the stock has 30%+ downside risk. While Broadcom's operations appear well-run and profitable, we think investors would be served by steering clear...
DAX (GER30) could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 18,737.91 which is a pullback support. Stop loss is at 18,600.00 which is a level that lies underneath a pullback support and the 23.6% Fibonacci retracement level. Take profit is at 18,992.91 which is a level that aligns with the 127.2%...
USD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.9030 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.8983 which is a level that lies underneath an overlap support. Take profit is at 0.9098 which is an overlap resistance that aligns...
Please view and review my daily trading plan for BTC SOL and Rune and please leave a comments
Today's focus: SPX500 Pattern – Continuation Support – 5211 Resistance – 5267 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at SPX500 on its daily chart. Today, we wonder if the SPX500 can maintain its current bullish bias and possibly test or break all-time highs. Yesterday, buyers fought back after the PPI data, helped by...
Berkshire Hathaway, an investment company is not investing. What is the signal? Why are they hoarding cash? • Not much good investment opportunity ahead • Preparing for tougher time E-mini S&P 500 Futures & Options Ticker: ES Minimum fluctuation: 0.25 index points = $12.50 Micro E-mini S&P 500 Futures & Options Ticker: MES Minimum fluctuation: 0.25 index...
This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful...
Buyers returned in the S&P 500 waiting for the next challenge which is the release of the CPI numbers on Wednesday. The bias is for the market to continue higher but how it interprets and absorbs the CPI numbers is 50-50.
USD/CAD could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 1.3628 which is an overlap support that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 0.3590 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement level. Take profit is at 1.3719...
WTI oil (USOIL) is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 78.02 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 76.60 which is a level that lies underneath a swing-low support. Take profit is at 79.87 which is a pullback resistance that...
The Kiwi (NZD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6037 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 0.6093 which is a level that sits above the 161.8% Fibonacci extension level and the swing-high resistance. Take...
Silver (XAG/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 28.68 which is a pullback resistance. Stop loss is at 29.15 which is a level that sits above a pullback resistance. Take profit is at 27.63 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. ...
Bitcoin is currently in a downtrend, which we can observe on the daily time frame. It has been forming a pattern of lower lows and lower highs. However, there’s an interesting development when we zoom in to the 30-minute time frame. On the daily chart, BTC retraced and moved away from an optimal entry point. But on the 30-minute chart, using the same strategy, we...
Gold Trading Strategy: Achieve 50-100 Pips Daily Take Profit Unlock the potential of gold trading with a strategic approach designed to secure consistent daily profits. This strategy aims for a daily target of 50-100 pips, leveraging technical analysis, disciplined risk management, and precise execution. Here's a detailed plan to guide your trades: 1....
Looking for bearish price action but aware of my bias. Need to see more confirmation in price action before getting active on any position. Price is basically in a neutral zone and can go either direction.
The US30 Dow Jones index has exhibited a robust bullish trend recently. However, we now observe that the index is approaching a significant resistance level on both the weekly and daily charts. Moreover, the market appears to be overextended. When a market becomes overextended, there’s a possibility of a reversal. Traders closely monitor signs of exhaustion or...
EUR/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
huge moves are coming, huge gains will be made. patience, and dont be overleveraged. goodluck guys