Market Structure Overview 1. Weekly Chart * BTC remains in a strong uptrend, trading near the upper boundary of an ascending channel. * Key Resistance: $103,650, which aligns with the upper trendline. * Key Support: $92,000, providing a safety net in case of a pullback. * The MACD is bullish with increasing histogram bars, supporting continued...
1-Hour Chart (Short-Term Trend) Sideways Action: On the 1-hour chart, the price is consolidating in a very tight range, with low volatility and volume. This might suggest indecision in the market. Immediate Resistance: The $2.51-$2.52 range appears to be a short-term resistance level. A breakout above this could indicate renewed buying pressure. Volume: Volume...
SPY continues to respect an ascending channel but is currently pulling back from the upper boundary. The price action suggests a potential for further retracement or a bounce from support levels. With increasing selling momentum, tomorrow's session will be key to determining whether SPY maintains its bullish structure or breaks down. Here’s a detailed analysis and...
PLTR is trending higher, respecting an ascending channel. With recent bullish momentum and clear structural levels, this stock presents excellent opportunities for traders looking for scalping setups or longer swing trades. Here’s the detailed breakdown and playbook for today's session. Market Structure Overview: * Trend: PLTR is maintaining an uptrend, trading...
TSLA has experienced a sharp breakout, showing significant bullish momentum. The price action is forming a clean structure with clear support and resistance levels, making it ideal for both scalping and swing trades. Let’s dive into the setup and game plan. Market Structure Overview: * Trend: TSLA is in a strong uptrend, recently breaking above key resistance...
NVDA continues its bullish march within a clear ascending channel. The price action presents excellent opportunities for scalping short-term volatility and swing trading the broader trend. With key support and resistance levels, alongside MACD divergence, here's a comprehensive analysis and trading game plan. Market Structure Overview: * Trend: NVDA is trading...
Introduction: The Volatility Index (VIX), also known as the "fear gauge," is a crucial tool for traders and investors in anticipating market sentiment. With the end of the year approaching, analyzing VIX on multiple timeframes provides critical insights into the market’s potential direction. In this post, we will analyze the 1-hour, 4-hour, and daily timeframes of...
Technical Analysis & Price Action * Trend Overview: SPY is in a steady uptrend, hitting $607.91 intraday, with a narrowing rising wedge pattern forming. The price is testing resistance, and volume remains consistent, indicating active participation. * Support Levels: * $604.63: Immediate support for pullbacks within the wedge. * $602.32: Key pivot point,...
Technical Analysis & Price Action * Trend Overview: QQQ continues its bullish momentum, reaching $523.52 before consolidating near $522. This upward channel is intact, with buyers maintaining control, but caution is warranted as it approaches resistance. * Support Levels: * $517.50: Immediate support aligning with recent pullbacks. * $513.33: Strong...
Technical Analysis & Price Action * Trend Overview: PLTR has shown volatility with a sharp drop from $72.20 and a quick recovery to the $70 zone, currently consolidating around $69.69. This indicates indecision with potential for a breakout or further correction. * Support Levels: * $67.28: Immediate support from previous consolidation. * $65.65: Strong...
Technical Analysis & Price Action: * Current Trend: MSTR has shown a sharp breakout above the downtrend channel, signaling bullish momentum. The price is approaching key resistance at $419. * Support Levels: Immediate support lies at $410. Below that, $400 serves as a psychological and technical level. Stronger support is seen near $393. * Resistance Levels: Key...
Trading Plan for CRM (Salesforce) Technical Analysis & Price Action: * Current Trend: CRM saw a significant gap-up post-earnings, hitting a high of $378 before retracing slightly. The price is holding above key levels, indicating strength. * Support Levels: Immediate support at $367. Below this, look for $358 as the next key support. Stronger support resides at...
Trading Plan for TSLA Technical Analysis & Price Action: * Current Trend: TSLA is in a consolidation phase near $356. Recent bullish momentum suggests a potential breakout above $360, but the price is testing resistance. * Support Levels: Key support at $348 and a stronger floor at $340. A breakdown below $348 may signal a bearish reversal. * Resistance Levels:...
Trading Plan for NVDA Technical Analysis & Price Action: * Current Trend: NVDA is trading within an ascending channel, indicating a short-term uptrend. The price is approaching a key resistance zone near $146, while maintaining support at $140. * Support Levels: Immediate support at $140.34 and stronger support at $137.83. * Resistance Levels: Current resistance...
AMZN has been trading within an ascending channel, displaying bullish momentum on the hourly chart. With price nearing resistance and volume showing signs of strength, here's how you can plan your trades. 1️⃣ Price Action & Chart Analysis * Trend Channel: AMZN continues to respect a rising channel, indicating a bullish short-term structure. * Key Levels: *...
1. Weekly Chart (W1): * Trend: The weekly chart shows a robust uptrend with SPY staying within a well-defined ascending channel. * Key Levels: * Resistance: 605–610 zone, which aligns with the upper channel boundary. * Support: Around 578–580, aligning with the lower channel boundary and 20 EMA. * Indicators: * MACD is strong on the weekly, showing...
QQQ is trading near significant resistance levels after a strong rally. Here's a comprehensive analysis and trading plan to help traders navigate the current price action. 1️⃣ Price Action & Chart Analysis * Trend Overview: QQQ is in a rising wedge pattern, which often signals potential exhaustion of the current uptrend. * Key Levels: * Resistance: $518.30...
PLTR has shown impressive strength today, breaking through key resistance levels with high volume. Here’s a trading plan to capitalize on its momentum or prepare for potential pullbacks. 1️⃣ Price Action & Chart Analysis * Trend Overview: PLTR is in a strong uptrend, pushing above $71.50, a key resistance level. * Key Levels: * Resistance: $71.54 (current...