Option and Database TradingThe 80% Rule is a Market Profile concept and strategy. If the market opens (or moves outside of the value area ) and then moves back into the value area for two consecutive 30-min-bars, then the 80% rule states that there is a high probability of completely filling the value area.
The defining feature of day trading is that traders do not hold positions overnight; instead, they seek to profit from short-term price movements occurring during the trading session.It can be considered one of the most profitable trading methods available to investors.
Trading
Technical analysisThe MACD indicator (or oscillator) is one of the best indicators for identifying trends and reversals in the financial markets. The MACD strategy in its most basic form involves using the crossing of the smoothed out signal line over the MACD line as your entry or exit point for a trade.
The best MACD setting for day trading often uses a faster configuration, such as 3-10-16, to capture quick price movements. While the default 12-26-9 is popular, shorter settings can improve sensitivity to intraday trends. Optimal settings vary by strategy and asset volatility.
MACD TradingMoving average convergence/divergence (MACD) is a technical indicator to help investors identify entry points for buying or selling. The MACD line is calculated by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. The signal line is a nine-period EMA of the MACD line.
A common strategy is to buy when the MACD line crosses above the signal line, as this indicates bullish momentum. Another strategy is to sell when it crosses below (which indicates bearish momentum).
#Fantom Accumulation Zone Revealed: Why I’m Expecting 12x Return#Fantom Accumulation Zone Revealed: Why I’m Expecting 12x Returns 🔥
FTM/USDT Bullish Chart Analysis: Accumulation Zone & Targets
#FTM Bullish Analysis
🔹 UPCOM:FTM has been on an uptrend for the past 7-10 days, currently up 60% in the last 10 days.
🔹 I’m waiting for a dip to buy in my accumulation zone, which is the green box between $0.78 - $0.60.
▪️ Targets: $2/$3.3/$5/$6/$10
▪️ Stop Loss: $0.53
I’m expecting 12x gains from my accumulation zone. I'm super bullish on FTM/USDT in this bull run.
📢 Reminder:
▪️ Don’t go all-in on a single coin. Diversify your investments.
▪️ This is not financial advice. Always DYOR before investing in any cryptocurrency!
What’s your take on FTM? Let’s discuss! 👇
GBP/USD Strong Bearish TrendWith the price moving below both the Bollinger Bands and the SMA. The expansion of the Bollinger Bands indicates that volatility is increasing, a typical sign in a deep downtrend.
The pair has been in a downtrend since October, with new lows being set continuously. The closest support level we can observe is around 1.25730, which the price has recently touched. A break of this level could lead to a further decline, while a positive reaction here could provide an opportunity for a short-term technical recovery.
In the current market environment, based on what I see from the charts and my understanding of the economic factors affecting GBP/USD, my personal view is that the downtrend of the pair is likely to continue. The increased volatility and the price continuously setting new lows are clear signs that selling pressure is taking over.
I expect that any price recovery will likely be quickly sold off in the current downtrend. Upcoming economic events and policy statements from Central Banks may provide additional data to assess the pair's outlook in more detail, and I will continue to monitor closely and adjust my trading strategy accordingly.
Sideways Trading Amid Lack of TrendOn the 1-hour chart of EUR/USD, the price is trading between the 34 and 89 EMAs, indicating a sideways market in the short term. The lack of a strong uptrend or downtrend suggests that investors may be waiting for more data or news that could impact the euro or dollar.
From my technical analysis perspective, the market looks like it will continue to trade in the current range until there is more economic data or important political events to establish a clearer trend.
Gold Fluctuates: Geopolitical and Inflation ImpactThe 4-hour gold chart clearly shows the volatility caused by geopolitical and economic events. Gold prices have recovered from lows due to inflation concerns from the new US tax policy, indicating that safe-haven demand for gold remains strong.
Currently, the key support level is at $2,603/oz, with resistance at $2,634/oz. Any break of these two levels will indicate the next direction for gold prices.
Market Comment: Based on technical analysis and current situation, I expect gold prices to increase in the short term. Inflation concerns from the new US tax measures could weaken the USD, supporting gold prices. If prices hold above $2,603/oz and continue to react positively, I expect a further rally, possibly reaching or exceeding $2,634/oz.
Reliance - Stuck in the ZoneWith downside support at 1270 & 1235
and upside resistance at 1300 & 13301
Reliance currently is stuck in the zone
Though trend has been broken with a force
it still needs to fill the gap created before moving ahead
Expecting it to remain sideways for a brief period of time til it breaks strong resistance or strong support
Downtrend and Signals at EMA 89Currently, the price is approaching the EMA 89, a classic sign of a downtrend. This is confirmed by the moving averages, where the EMA 34 has crossed below the EMA 89, a bearish signal.
However, what is noteworthy is that each time the price approaches the EMA 89, it reacts strongly. This tells me that investors may be using this level as a buying opportunity in the hope that the support level will hold.
Possible Test of Major SupportThe EUR/USD chart shows a clear bearish trend, with the price moving within a steady downtrend channel, being pushed down after each approach to the upper line of the channel.
Recently, it seems that the price has tested the resistance level in the resistance area but failed and was rejected strongly, which shows the strength of the selling pressure in this price area.
From the current price position, the next important support point is located at around 1.03500. If the price continues to decline and breaks this support level, it could lead to a deeper decline.
Overall, the current trend for EUR/USD is negative, and traders should be wary of the possibility of further declines. Keeping a close eye on the support and resistance levels will help determine the appropriate times to enter or exit the market.
Gold at Resistance : A sell opportunity ?Yesterday, gold traded higher and closed the day in the positive territory . Today, Gold price climbs extending its gains for the fourth straight day. On the Intra day chart, Gold is now trading above weekly Resistance 1 (2653).
Technically price is at resistance area and trading near to Fib golden zone , this area is perfect reversal zone but the geopolitical evens (War) currently pushing the price higher , for sell we need good confirmation from these resistance area.
Today Initial Jobless Claims are expected to rise from 217K to 220K for the week ending November 16 and that can add volatility so we have to watch the reaction accordingly.
Selling seems to be more favourable now for Intra day and for buy we have to look for lower levels but selling need to be assessed with good money management as gold is currently getting safe-haven demand for buyers.
New Gold Mine in China: Aftershocks in the Gold MarketWhen analyzing the daily gold chart, I noticed that a long-term uptrend has been reversed with a clear break below the rising channel line. This tells me that the market may be preparing for a new bearish phase. This decline occurred even as there was news from the US and other major economies on inflation and monetary policy, which would normally have a strong impact on gold prices. In addition, China's discovery of a gold mine with estimated reserves of over 1,000 tonnes in Hunan province is not only a geological event but could also be a major mover in the global gold market.
With gold prices failing to hold the 34 EMA and falling further, the next support area I see is around $2,520 to $2,560/ounce. This will be a key point to see if gold will continue its downtrend.
BAKE/USDT Bullish Breakout UpdateBAKE/USDT Bullish Breakout Update 🚀
$BAKE is looking strong after breaking out of a bullish pennant pattern, which means it could make a big move soon.
▪️ Buy Zone: $0.31 - $0.40
▪️ Targets: $0.71$1.24$2.23$4.04$8.27
▪️ Stop Loss: $0.20
This breakout is visible on the higher time frame, so the targets are expected to be big.
Keep an eye on this opportunity.
Remember to trade carefully and manage your risk.
#BAKE #Altcoins
Deep Downtrend and Gap AnalysisThe GBP/USD 4-hour chart shows a clear downtrend, with price consistently moving below both the 34 and 89 exponential moving averages (EMAs), which is a clear indication of the strength of the current downtrend. These EMAs are also acting as strong resistance levels, preventing any further price recovery.
From the chart, it appears that a gap has been created during the price decline. In the short term, if price starts moving back to “fill the gap” and breaks above this level, it could signal a reversal or at least some stabilization before resuming the current trend. However, if price continues to fall and fails to return to fill the gap, this would further reinforce the downtrend and could test lower support levels.
Gap Analysis and Gap Filling PotentialThe EUR/USD chart shows a gap, which occurs when the price jumps across a certain range without any trading taking place between the two prices. Currently, the price pattern suggests that there is a possibility of a gap filling, meaning that the price could move back to fill the gap in the near future.
This usually happens when the market reacts to a sudden and unsustainable price move. The gap filling is likely to occur if EUR/USD continues to decline and approaches the key support level at 1.0400, a point where many traders may use to re-price or place new buy orders. This is an important move to watch, as it could influence the short-term trend and momentum of the market.
Gold Rebounds Strongly After US ElectionThe current chart shows that gold has made an impressive recovery after two consecutive weeks of losses, with a clear increase, marking an increase of $135/ounce in the past week. This comes amid a gradual replacement of the pessimism following Donald Trump's election victory by renewed optimism among traders and experts.
Through chart analysis, it is clear that gold is in a strong recovery process. The short-term EMA has crossed above the long-term EMA, indicating a positive trend reversal. This is in line with the results of the latest Kitco News survey, where the majority of experts (89%) and retail traders (66%) predict that gold prices will continue to rise in the coming week.
Looking ahead, I expect this optimism to continue to support gold prices, at least in the short term.
Gold Surges: Political Momentum and New OutlookAmid the escalating Russia-Ukraine conflict, gold witnessed a sharp increase in price, closing at $2,716/ounce, reflecting strong demand for safe-haven assets. This recovery was evidenced by the price of gold breaking above both the 34 and 89 EMAs, indicating a reversal from the previous downtrend and opening up a positive outlook for prices in the short term.
I assess that global political factors along with the upcoming US economic policy will continue to be the main factors affecting gold prices. Investors should pay attention to these developments when making investment decisions in the current context.
EUR/USD Faces Strong Bearish Pressure: Is 1.0390 a Stop?The EUR/USD chart is currently showing a clear bearish trend as the price continues to stay below both the Bollinger Bands and the SMA. In particular, the downward cross of the SMA by the price line indicates that the bearish momentum is still very strong.
From a technical perspective, the next important support level could be at 1.0390, if the downtrend continues. It will be important to monitor whether EUR/USD can stabilize and recover at this level, or if it continues to decline. The recovery could be difficult as the short-term moving average (SMA) and the Bollinger Bands are still above the current price, forming strong resistance.
Overall, the current trend shows challenges for the euro, and I will continue to closely monitor the technical indicators to adjust my trading strategy accordingly
TRADE PLAN ON TITAN Titan Stock Swing Trade Idea
1. Trend Analysis: The stock is in a strong uptrend, indicating positive momentum and investor confidence.
2. Demand Zone: It has reached a strong demand zone, a key level where buying interest is likely to emerge, providing potential support for price recovery.
3. Technical Patterns:
Weekly Timeframe: A shooting star-like pattern indicates possible hesitation or reversal after a strong upward move.
Daily Timeframe: A bullish engulfing pattern signals a potential continuation of the upward trend, confirming buyer dominance near the support zone.
4. Moving Average Support: The stock is taking support at a key moving average , adding to the confluence of bullish signals.
Trade Plan:
Entry: Consider NSE:TITAN the current demand zone or after confirmation of bullish momentum (e.g., a breakout above recent highs).
Stop-Loss: Place below the recent swing low or moving average support for risk management.
Target: Aim for the next resistance zone or a measured move based on the uptrend continuation.
Risk Note: Watch for a confirmed breakout or breakdown from current levels, as the shooting star pattern in the weekly timeframe could indicate selling pressure if demand fails to
#stockmarket #nifty50 #swingtrade #titan