HOOD — In Key Macro Resistance Zone

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Price has reached a major resistance zone, with the 110 level marking an ideal spot where downside pressure may begin to dominate and a mid-term top could start forming. Macro support for the macro-uptrend structure is at the 80–65 area.

Hedging near current levels may be prudent - especially ahead of earnings and while volatility remains relatively cheap.

Weekly view


Daily view:


Thank you for your attention and I wish you successful trading decisions!

26 thg 9

Giao dịch đang hoạt động

Price has extended beyond the macro resistance zone but remains within the maximum proportions of the topping structure. At these levels, hedging long-term positions is highly recommended.

As long as price continues to close below 132, I am looking for a mid-term correction to unfold, targeting a move back toward the 80–75 zone.

Chart:

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Đóng lệnh: đạt mục tiêu

HOOD Expecting more upside into the 180+ macro resistance, with a possible extension toward 220 to complete the macro uptrend from the 2022 bottom; this remains the primary scenario while price holds above 131 support.

A break below 131 would increase the odds that a mid‑term top is already in place and shift focus to a corrective phase instead of extension higher.

Chart:

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Ghi chú

If today’s low holds, I see structural potential for one more upside leg into the macro resistance zone at 190–220, with a possible maximum extension to the 250 level.

Alternatively, if price breaks down and starts closing below the 21dEMA, odds will shift toward a deeper move below the 50dMA into the 120–110 region — which would indicate that at least a mid-term top is in.

Chart: