Tuesday, November 12, 2024

XAGUSD. Trading opportunity

Silver OANDA:XAGUSD

Hello traders and investors!
Let's look for trading opportunities in silver.

Daily Timeframe (TF)
On the daily TF, the price has formed a range (sideways movement) that began in April. The upper boundary is at 32.5185, and the lower boundary is at 26.0185. The buyer's vector from point 8 to 9 has hit its target of 31.755 and successfully broke above the upper boundary of the range. However, the seller returned the price back into the range. The current vector of the seller is from point 9 to 10, with a potential target of 26.471.
We are now seeing an attempt by buyers to reverse the price upwards. The price came close but didn't quite reach 30.12, the start of the last sub-impulse of the buyer on the daily TF, which is likely to attract the price. It's better to look for selling opportunities on the daily TF from the seller’s defense of the key seller's candle (highest volume) when the price returns to the range. This level is at 32.16.

Hourly Timeframe (TF)
On the hourly TF, there is a long trend following accumulation in a range. The defense level of the breakout from the range is 30.6445. Locally, it is possible to look for buy opportunities from the buyer’s defense zone between 30.84475 and 30.821. Targets should be set nearby, such as the local high. It's possible the buyer could reach up to 32.16.

Good luck with your trading and investments!

source https://www.tradingview.com/chart/XAGUSD/umlXzF59-XAGUSD-Trading-opportunity/

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Monday, November 11, 2024

AAPL Technical Analysis: Retracement or Reversal Ahead?

Apple Inc. NASDAQ:AAPL

BullBear-Insights

Price Action Overview: On the 1-hour chart, AAPL has pulled back from the recent highs near $229, encountering resistance and currently trading at around $223.50. There’s been a clear double-top formation near the $229 level, followed by a bearish divergence on the MACD, signaling potential weakness.

Key Levels:
Resistance:
Primary Resistance: $228.68 (previous high level, tested twice)
Secondary Resistance: $226 (near recent rejection zone)

Support:
Primary Support: $221.22 (key horizontal support; previous consolidation area)
Secondary Support: $219.71 (critical level; a break below could indicate further downside)

Indicators:
Moving Averages (MA):
The price is currently below the 50-period MA, indicating bearish sentiment. If AAPL fails to reclaim this moving average, it could serve as dynamic resistance.

MACD:
The MACD has crossed below the signal line, showing increasing bearish momentum. However, the histogram is narrowing, suggesting a potential slowdown in selling pressure.

Volume:
Volume shows increased activity during the sell-off, which aligns with the bearish movement. The next move should be confirmed by volume continuation or divergence.

Trade Suggestion:
Bullish Scenario:
If AAPL can reclaim $226 and hold above this level, look for a retest of $228.68. A breakout above $229 could signal a new bullish leg up, with targets at $230-$232.

Bearish Scenario:
Failure to hold the $221.22 support could lead to a retest of $219.71. If this level breaks, expect a move towards $216, where the next strong support lies.

💬 Be cautious of a potential fake breakout if volume doesn’t confirm the move above $226.
Use tight stops around these key levels to protect capital, as volatility may increase with broader market movements.

🔍 Short Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research before making trading decisions.