October 8 Chart of the Day - Caesars Entertainment

Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.

Caesars Entertainment (CZR) continues to test the patience of traders and investors alike.

After a multiyear slide from its $119 peak, price is approaching its long-term support (under $25) - a pivotal point where markets often decide between breakdown or bottoming.

For now, price remains in a tight range, and the charts suggest that whichever direction breaks next could set the tone well into 2026.

We'll review the chart from a price action perspective to identify potential levels of interest in both directions.

The charts highlight key levels where investors and traders alike will be watching closely.

Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.

When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame. 

As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.

Since May 2023, we've showcased over 625+ Charts of the Day and provide a Free Quick Start Guide to traders with ambitious income goals for our patent-pending NeuroTrading Method™.

Monthly Chart 

On the monthly chart, the downtrend from all-time highs remains clearly defined, with price consolidating between $20 and $30 for more than a year.

While this range may appear stagnant, seasoned traders know that extended bases like this can often precede meaningful directional moves.

The Fibonacci framework identifies $19.75 as a potential long-term target level from the advanced Fibonacci Low to Low validated retracement peaking roughly in the $60 area back in 2023. 

With plenty of volatility traders have had much to be happy with while investors have been hugely disappointed.

This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.

Weekly Chart

The weekly chart gives a clearer look at how structure has tightened beneath descending resistance.

Multiple failed rallies into the $45–$55 region have reinforced seller control, but each test of the $20–$22 support zone has found responsive buyers.

A confirmed break below $19.75 could accelerate the downside toward $13.41, while a reclaim and close above $32.89 could spark the beginnings of a trend reversal.

It goes without saying though, the only guarantee in the markets is that price cycles.  It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.

Only time will tell for sure what price will do next...

We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.

With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.

So what's next? 

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