Support and Resistance
Breakeven / +4R LONG TODAY ON MNQCME_MINI:MNQ1!
"Successful trading has always been about understand the convictions, the strength and the weakness of buyers and sellers. Once you understand what the other traders are doing in the market, you can successfully trade with them." -Michael Valtos
Today on MNQ I called a Play LONG however was stopped @ Breakeven made a few ticks in profit however Market still ran all the way to our TARGET +4R... 2025 is going to be BIG!!!!
Remember; "Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ consistently. Done correctly, well Abundance awaits us." -500KTrey
Interesting Setup on XTZ!!!Hey guys, Merry XMas!
Spotted this interesting trade setup on XTZ.
If we can manage to break the top of the channel, I'll look for an entry after the retest at around $1.45, and making sure we get above that resistance line.
If we move towards the bottom of the channel, then I'll look for entry points in the purple box that coincide with the bottom of the channel. Maybe the $1.00 price point.
Nasdaq Futures: Key Levels to End 2024 Strong Start your week with this detailed analysis of Nasdaq futures for Monday, December 30, 2024. As we approach the end of the year, the market is showing significant corrections and presenting key opportunities for both longs and shorts.
📉 Short Setups: Look for entries near 21,500, targeting 21,300 and 21,100. Additional setups if the market continues to test lower levels.
📈 Long Opportunities: Key zones around 21,300 and 21,400, with potential moves back toward 21,500 and 21,700.
📊 Market Insights: Analysis of recent corrections and strategies to navigate today’s volatile market conditions.
This video provides precise setups and actionable insights to help you finish 2024 on a strong note.
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Outlook on Gold Depending on the US Dollar {DXY} this week?COMEX_MINI:MGC1!
"Successful trading has always been about understand the convictions, the strength and the weakness of buyers and sellers. Once you understand what the other traders are doing in the market, you can successfully trade with them." -Michael Valtos
Here on Gold, I have a Neutral outlook. However, I am going to pay very close attention to the US DOLLAR {DXY}. I'll keep you updated, as PA develops.
Remember; "Our Profession is to Manage the downside costs of printing HIGHSIDE returns of $$$ consistently. Done correctly, well Abundance awaits us." -500KTrey
Weekly Forex Forecast: Last Show For 2024Dec 30th to Jan 3rd.
USD is still strong, and so are the indices. I will be looking for buys until there is a significant bearish Break of Structure.
A strong USD is a headwind for Gold, Silver and the other metals. It is also a headwind for GBP, EUR and the other majors. USDCHF, USDCAD and USDJPY should see some upside.
Thank you for hangin' with me for 2024! I hope you found a benefit in my weekly forecasts this year. 2025 will be even better!
Enjoy!
May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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Nasdaq Futures: Strategic Zones for Longs and ShortsEnd the week strong with a detailed analysis of Nasdaq futures for Friday, December 27, 2024. After a week of significant movements, today presents key opportunities for both longs and shorts.
📈 Long Opportunities: Zones like 21,800 and 21,700, targeting 21,900 and higher.
📉 Short Setups: Areas including 21,900 and 21,820, with potential drops toward 21,700 and below.
📊 Market Insights: Analysis of current corrections and strategies to capture market moves effectively as we approach year-end.
Whether you’re trading intraday or looking for precise setups, this video delivers actionable insights to navigate today’s market.
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Nasdaq Futures: Key Levels and Strategies Post-Christmas RallyKickstart your trading post-Christmas with a detailed analysis of Nasdaq futures for Thursday, December 26, 2024. After Tuesday’s significant rally of 340 points, here’s what to watch for today:
📈 Long Opportunities: Target key zones like 21,900–21,950, aiming for 22,050 and potentially 22,200.
📉 Short Setups: Look for entries at 22,050 or 21,950, with targets down to 21,820 and 21,750.
📊 Market Overview: Insights into recent movements, volatility considerations, and strategies to capitalize on directional setups.
This video is perfect for traders seeking precise levels and actionable setups in a transitioning market.
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Meta - The Final Resistance Breakout!Meta ( NASDAQ:META ) could actually break the resistance trendline:
Click chart above to see the detailed analysis👆🏻
As we are speaking, Meta is actually retesting the major (and only) resistance trendline of the reverse triangle pattern. If we actually see the bullish breakout - which obviously has to then be confirmed - this triangle breakout could lead to an immediate rally of more than +40%.
Levels to watch: $650, $1.000
Keep your long term vision,
Philip (BasicTrading)
SMCI - Golden opportunity sitting right in front of us?We'll have to see how this one plays out but the R:R here is extremely enticing with the upside we've seen as recently as 3 months ago. Will be looking for confirmations but this might be the type of situation where I will add as we get that initial tap - because this zone we're approaching has so much liquidity built in and is primed as support.
Happy Trading :)
BTC : All Time High IN - OR Multimonth Playout?Bitcoin has begun a steep drop, and it's likely that the ATH is priced in. This fits my previous idea that the ATH would either be just over or just under 100k.
There is, ofcourse, another option as well - a continuation over the next few months. This is likely if the price of BTC follows a fractal of the previous cycle. It would become likely if we see a strong bounce around the 81-82K zone, pushing us up into the 90's.
But, at the moment, I'm leaning towards the idea that the ATH is in.
It would also makes sense for the ATH to be in, from an Elliot Wave Theory perspective, since we've made a perfect 5 waves. If this is indeed the case, we can look forward to a few more rallies in the altmarket.
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BINANCE:BTCUSDT
Nasdaq Futures: Pre-Holiday Moves and Key Trading ZonesStart your week with a detailed analysis of Nasdaq futures for Monday, December 23, 2024. With the holiday season upon us, expect reduced volatility and volume, but opportunities still abound. Here's what you'll gain:
📈 Long Opportunities: Key zones like 21,560–21,630 and 21,300, targeting moves toward 21,880.
📉 Short Setups: Areas to watch include 21,560 and 21,720, with potential drops to 21,300.
📊 Market Insights: Analysis of the post-FED movements and strategies for trading during low-volume periods.
Whether you're looking to trade longs or shorts, this video breaks down the actionable zones and strategies for the day.
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