Candlestick Analysis
Beginners Guide To Winning Memecoin Trades! Moo DengMeme coins have taken the cryptocurrency world by storm, often starting as jokes but evolving into high-volatility assets that attract crypto traders seeking quick gains. From Dogecoin to Shiba Inu and now Moo Deng, these so-called useless meme coins can offer trading opportunities—if you know where to look.
In this updated crypto analysis, I will build on our previous analysis where I identified a strong monthly supply zone for Moo Deng meme coin at $0.26. If you're wondering how to trade meme coins like Moo Deng, even with little experience, this supply and demand analysis breaks it down using simple supply and demand concepts on larger timeframes.
The sell-off is trying to happen.
Flag and Pole kind of structure forming in Nifty. There is a very positive looking flag and pole kind of structure forming in Nifty hourly chart. This is within a parallel channel which Nifty has been following since April 15th 2025. This Flag and Pole breakout will come into effect if and only if we get a closing above 24880.
In case of flag and pole breakout happening the future resistances will be near 24959, 25084 and 25157. 25157 again will be a major resistance as it will be the mid of the channel.
The supports for Nifty in case the flag and pole breakout does not take effect are at 24804 (Mother line of hourly chart) 24693, 24518 and finally 24439.
Below 24439 bears can take over the market. Above 25157 Bulls can take over the market. Shadow of the candle is effectively neutral to positive.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NZDJPY: Bullish Wave is Coming 🇳🇿🇯🇵
I have a strong feeling that NZDJPY will resume growth soon.
A neckline breakout of an inverted head & shoulders pattern
provides a strong swing confirmation.
The pair may reach at least 87.0 level soon.
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Top and bottom conversion, short position continues?📰 Impact of news:
1. The International Trade Court ruled that Trump exceeded his authority, and the previous tariffs may be suspended
2. Ukraine submitted a ceasefire document to Russia
3. Pay attention to the initial jobless claims data during the US trading session
📈 Market analysis:
The U.S. Court of International Trade in Manhattan blocked Trump’s “Liberation Day” trade measures, ruling that Trump had overstepped his authority by imposing sweeping tariffs on countries that export more to the United States than they import without authorization from Congress. This means that most of Trump's tariffs will be suspended. But at the same time, the recent geopolitical impact cannot be ignored. In addition, the initial jobless claims data will be released during the U.S. trading session today. Independent traders must set stop losses.
From a technical point of view, the 1H level chart of gold shows that the Bollinger Bands open downward, and the gold price is near the lower track, showing a weak pattern in the short term. Considering that 3285 is the previous low point, there is also a possibility of suppression at 3285. Therefore, we should pay close attention to the resistance range of 3285-3295. If the gold price in the Asian and European sessions can stabilize below 3295, then we can rely on the 3285-3295 range to enter the market and short. On the contrary, if the pullback today stands above 3300, then we should not chase the short easily.
🏅 Trading strategies:
SELL 3285-3295
TP 3270-3260-3250
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
Analysis and layout of gold trend in the US market📰 Impact of news:
1. Initial jobless claims data is positive
2. The White House is tough on the court ruling: Trump will win! Three trade agreements are close to being reached
📈 Market analysis:
I think the current rebound should not be directly judged as a unilateral trend. From a technical point of view, in the 4H cycle, the upper 3320-3325 line has a certain suppression force in the short term. If the gold price runs below 3325, we need to be alert to the risk of a high rebound. We can try to arrange short orders based on the 3320-3325 range, and bet on the high selling opportunities in the volatile market. Independent trading with a good stop loss. However, it should be noted that if the price quickly breaks through the 3330 line in the short term and stands above it, it is expected to rise to the 3340-3350 area. At the same time, I think the support below can first look at the 3300 line, with a focus on the 3290-3285 line support.
🏅 Trading strategies:
SELL 3320-3325
TP 3310-3300
BUY 3295-3285
TP 3300-3310-3320
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
Nifty Analysis EOD – May 29, 2025 – Thursday🟢 Nifty Analysis EOD – May 29, 2025 – Thursday 🔴
Tricky Expiry Day Rollout… Catch or Caught?
🗞 Nifty Summary:
Nifty opened with a gap-up of 88 points at 24,846, making a quick move to 24,889.70—but the bulls couldn’t hold for long. By 10:30, the key support zone at 24,800–24,768 was breached, dragging the index to an intraday low of 24,677.30.
Just when things seemed to be settling into a narrow expiry-day range, a sharp 65-point spike in 3 minutes surprised both sides—creating a mean-reversion V-shape move right back to VWAP and BC levels.
The real twist? A sudden domino-effect breakout at 15:00, marking a fresh high of 24,892.60 and closing at 24,880.85, nearly at the day’s peak.
⏪ Yesterday’s Note Recap:
"Most probable scenario: range-bound day between 24,660 and 24,882... Tricky expiry day."✔️ Spot on. Nifty respected the projected boundaries almost precisely.
🛡 5 Min Chart with Patterns and Levels
📈 Intraday Walk:
09:15 – Gap-up start, optimism in the air.
10:25 – Support at 24,800–24,768 tested and breached.
10:29 – IB Low Break and Day’s low at 24,677.30, bears step in.
12:38 – Surprise spike of 65 points in 3 min
Midday – Consolidation around VWAP and BC levels.
15:00 – Final push leads to breakout above day high → 24,892.60.
Close – Ends at 24,880.85, just below the day high.
🔍 Chart Observations:
✅ Inverse Head & Shoulders pattern formed around 24,768 on the 5-min chart—target achieved.
📦 Box Consolidation Zone repeated from yesterday and respected.
⚠️ Volatility spikes despite being an expiry day—tricky traps for both sides.
🛡 5 Min Chart with Patterns
🕯 Daily Time Frame Chart
🕯 Daily Candle Breakdown:
Open: 24,825.10
High: 24,892.60
Low: 24,677.30
Close: 24,833.60
Change: +81.15 (+0.33%)
Candle Structure:
Real Body: +8.50 pts → Tiny green body
Upper Wick: 59.00 pts
Lower Wick: 147.80 pts
Interpretation:A classic Hammer-like candle, showing strong intraday buying from lower zones. Although bulls couldn’t extend gains, they clearly defended 24,700 levels well.
🔔 Pattern Insight:
Outside Bar pattern on Daily → Often a bullish reversal sign
Bullish confirmation comes above 24,890+
Breakdown below 24,677 would invalidate the bullish signal
🛡 5 Min Intraday Chart
⚔️ Gladiator Strategy Update:
ATR: 291.38
IB Range: 110 → Medium
Market Structure: Balanced
Total Trades: 1
🕐 10:25 AM – 1st trade triggered→ Trailing SL hit at 1:3 risk-reward
🧱 Support & Resistance Levels:
Resistance Zones:
24,882
24,894
24,920
24,972 ~ 25,000
25,062 ~ 25,070 (5th rejection!)
25,116 ~ 25,128
25,180 ~ 25,212
25,285 ~ 25,399
Support Zones:
24,820
24,768 ~ 24,800
24,737 ~ 24,727
24,700
24,660
24,640 ~ 24,625
24,590
24,530 ~ 24,480
24,460
🧭 What’s Next?
Above 24,890 → May trigger short-covering rally toward 25,000, 25,065, and 25,116 levels.
Below 24,677 → Expect downside toward 24,625, 24,590, and possibly 24,530.
With expiry behind, volatility may remain elevated tomorrow as new series begins.
📌 Bias: Mild bullish, but needs confirmation above 24,890.
🧠 Final Thoughts:
“Markets don’t trap you; your bias does.”Stay sharp. Today was a day full of whipsaws—but also full of lessons.
✏️ Disclaimer:This is just my personal viewpoint. Always consult your financial advisor before taking any action.
GBPAUD: Short From Resistance 🇬🇧🇦🇺
GBPAUD may retrace from a key daily horizontal resistance.
As a confirmation, I see a double top pattern formation
on that on a 4H time frame and a breakout of its neckline.
I expect a bearish move to 1.0858
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GOLD POSSIBLE DROPGood day traders, it's been a while since I shared my analysis but here's my take on GOLD
There's a high chance Gold will drop as we can see bears are already in control of the trend (Downtrend confirmed), I won't go into much details but this is the possible move that might occur, be ready for anything
Gold shocks extreme pull, US market layout🗞News side:
1. Musk issued the "strongest" condemnation of Trump
2. Trump and Netanyahu failed to reach an agreement, and the US-Iran negotiations may be "disrupted" by Israel
📈Technical aspects:
The trading strategy we have given is still valid. The current gold price trend on the hourly chart shows a standard descending flag pattern. If this pattern continues to be effective, there is a high possibility that the gold price will fall below 3285-3280. Once it falls below this range, as we gave in the strategy this morning, it may fall to the 3260-3250 line. However, the premise for this expectation to be established is that the gold price cannot break through and stabilize on the upper track of the consolidation channel, otherwise the descending flag pattern will be invalid. Therefore, for US market operations, short positions can be arranged around the upper rail of 3325, paying attention to the suppression effect; for the lower rail, first pay attention to the support effect of 3300.
sell 3325-3330
TP 3310-3300
buy 3290-3280
TP 3310-3320
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
HEDERAset up LONG 1:1 quick
Disclaimer on Money Management for Trading in the Futures MarketFutures trading carries high risks and may result in the loss of your entire capital. Only use funds you can afford to lose, set risk limits, and understand the market and leverage. Diversification does not guarantee profits. Consult a financial advisor before trading. All decisions and losses are your sole responsibility.
EU Prints Three Black Crows!FX:EURUSD has printed a strong Triple Candlestick Pattern called Three Black Crows after having made a 50% Retracement of the failed Higher High @ 1.1407.
This 50% Retracement found price testing a Previous Low and Resistance Zone where price now has broken a Previous Level of Structure being Support and is now on its way up to Retest this Break!
If Price is able to Retrace back to the Level of Structure @ ( 1.1336 - 1.1340 ) and shows signs of Resistance, this could deliver Short opportunities to take Price down to the Next Levels of Support @ 1.131 & 1.126!
How to draw support and resistance levels the right way?
1️⃣ Why Are Support and Resistance Levels So Important?
Support and resistance levels show where price has reacted strongly in the past. These are zones where many traders including large players have placed buy or sell orders.
Support = where buyers step in and push price up
Resistance = where sellers step in and push price down
These levels are important because they act like decision zones:
- Price might bounce from these levels
- Or break through and start a new move
- Or even fake out traders before reversing again
Knowing where these levels are gives you an edge:
- You can better time your entries and exits
- You avoid chasing price in the middle of nowhere
- You prepare for market reactions not random guesses
Think of them like traffic lights for the market when price hits them, something important usually happens.
2️⃣ Three Main Types of Support and Resistance
There are 3 key types of support and resistance levels traders commonly use:
- Level-Based: Horizontal zones drawn from key highs and lows
- Pattern-Based: Support/resistance found in chart patterns like triangles, flags, etc.
- Channel-Based: Diagonal trendlines showing support and resistance in a channel
Today, we focus on level-based support and resistance horizontal lines drawn on key price zones.
3️⃣ How to Draw Support and Resistance Levels
Use daily, weekly, or monthly timeframes to find major zones. These higher timeframes give you stronger, more respected levels.
Look for:
- Candle bodies that close and open around the same price
- Strong wicks rejecting a certain level
- Zones where price has bounced multiple times in the past
I often pick:
- The close of a red candle
- The open of the next green candle
These spots usually show where sellers lost control and buyers stepped in — or vice versa.
4️⃣ Timeframes and Their Strength
The higher the timeframe, the stronger the level:
- Monthly = very strong, long-term zones
- Weekly = strong and reliable
- Daily = useful for swing trading
- Lower timeframes (15m, 5m) = more noise, less reliable unless you're day trading or scalping
Pick levels based on your strategy:
- Swing traders = use daily/weekly/monthly
- Scalpers = lower timeframes with extra confluence (volume, structure)
5️⃣ Don’t Use Support/Resistance Alone
Support and resistance are helpful — but not enough by themselves. Always combine them with:
- Market structure (higher highs/lows)
- Volume confirmation
- Indicators or price action signals
You want to watch how price reacts at your levels. Wait for confirmation before making decisions.
6️⃣ Common Mistakes Traders Make
Mistake 1: Drawing too many levels clutters your chart and creates confusion.
Mistake 2: Keeping old levels that have already been broken or invalidated.
Mistake 3: Ignoring volume. Just because price hits a level doesn’t mean it will reverse. You need volume to back the move.
Also:
Don’t enter blindly on breakout, breakouts can fail. Wait for confirmation.
Don’t assume a level is strong just because it’s touched once — look for multiple rejections.
7️⃣ Example: How I Draw Support/Resistance
Let’s say I’m looking at a daily chart.
- I find a red candle that closes at 42,000
- Then a green candle opens at 42,000 and pushes higher
That tells me buyers stepped in at 42,000 — this is a potential support.
I draw my horizontal line across that level.
Then I zoom into 30m or 15m charts to watch price behavior when it comes back to that level.
If price respects it again, I may enter a trade based on the reaction.
This technique gives me more confidence and clarity.
I know where liquidity might be waiting.
I can combine it with indicators or volume tools.
I avoid random trades.
🔄 Summary
Identify a timeframe – Use the monthly, weekly, or daily chart.
Look for two candles – Draw your support or resistance line at the point where one candle closes and the next one opens.
Make sure the level hasn’t been hit yet – This helps you spot areas where liquidity grabs might happen.
Wait for price to reach the level – Once price touches the support or resistance zone, watch how it reacts.
After price touches the level, remove it – Once tested, that level is no longer fresh and should be cleared from your chart.
Support and resistance isn’t magic — but used with confluence, it becomes a powerful guide.
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Disclaimer: This is not financial advice. Always do your own research. This content may include enhancements made using AI.
AUDUSD Bearish Signal | Technical + Custom Algo Smart Trend Signal | Technical Analysis + Custom Algorithm
This signal is the result of a combination of classic technical trend analysis and a proprietary software I personally developed.
The system first identifies market trends purely based on technical indicators — no emotions, no subjective analysis.
Then, a custom-built intelligent algorithm evaluates potential entry and exit points and issues the signal.
This means: a fully data-driven signal, with no guesswork or bias.
📌 Note: This signal is for educational and analytical purposes only. Trading is at your own risk.
BTC Roadmap Still Intact Bullish Momentum Building Toward 120KBitcoin Price action continues to validate the bullish roadmap shared in our last BTC post. The market respected the Immediate Buy Back Zone, springing from a demand backed structure into a fresh impulsive leg.
Notably, price has carved a clean 5-wave structure supported by recurring bullish pennants and continuation patterns each breakout driving momentum higher. Our target at 120,151 remains firmly intact, with price action showing healthy structure and controlled pullbacks.
The current setup remains valid as long as price holds above 106,655 and especially 100,941, which now act as structural pivot zones. Any deeper correction into the Demand Area would only serve as a re-accumulation window before the next leg.
Let’s see how price behaves into June. Momentum is aligning with structure.
Share your thoughts, like the post, and drop your setup confirmations on the comment section.