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Candlestick Analysis

S&P 500 futures: Bulls eye breakout beyond record highsS&P 500 futures have been marching higher for more than a week, attracting buying on dips towards uptrend support. With RSI (14) and MACD confirming the bullish price action, the path of least resistance looks higher, putting a retest of 6053.25 on the radar. With the bias to buy dips near-term, there are two setups available: the first would be to wait for a break above 6053.25. If it were to hold beyond the ultra-short term, you could initiate with a tight stop beneath for protection. Alternatively, if we were to see another retest of uptrend support, longs could be established above it with a stop beneath for protection. Some traders use extension measures to assess potential targets when trading at record high, but I’m more simplistic; round numbers, such as 6100 using this example, are one option. Another would be to wait for an obvious topping signal from either a single or multiple candle pattern. When one comes along, bail. Otherwise, let it ride. If the price were to break and close beneath the uptrend, the bullish bias would be invalidated. Good luck! DS.
CME_MINI:ES1!Long
by FOREXcom
Father Line not allowing Nifty but gap up support holding.Father line of 200 Hours EMA at 24212 has not yet allowed Nifty to fly freely up and above. today again like yesterday we got a closing below at 24194. Overall it was a flat day with positive movements mainly in IT, FMCG, media and Small Cap index. Once we get a closing above 24212 the next resistance will be at 24360, 24530, 24673 and 24893. After closing above 24893 Nifty has a chance to be in proper Bullish grip. Supports for Nifty on the lower side remain at 24135, 23948 and 23912 (Major Mother line Support of 50 Hours EMA). Below 23912 bears can drag Nifty to 23616, 23362 and finally 23250. Below 23250 Nifty can have a free fall into strong bearish territory. 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. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. 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.
NSE:NIFTY
by Happy_Candles_Investment
GOLD: be careful to buy nowGood morning to all trader and investor friends, after the last post I wrote about 2 weeks ago, for those who missed it this is the link: etoro.tw , where I reported that I expected a correction in prices, which could have go down to the 2480 area, not even doing it on purpose, from that moment the price started to fall until reaching 2530 confirming my idea of ​​a correction. Now I bring this update to show you what I see on the graph from the image attached below. I'll start by saying that I don't want to cause alarmism and I don't want to assume that everything is about to collapse, as the market still has a strongly bullish trend, but in the short term, negative configurations are forming that could lead the price to continue its trend. for a few more days. Starting from the weekly, a first negative swing has formed which has not occurred since February, this leads the short-term structure to be considered negative. On the daily chart (the one in the attachment) we can see based on my LuBot indicator which shows light green candles, this means that the structure is still positive, but in the short term it is losing strength and this leads the structure to find itself in this moment at the second bearish leg. In addition we have the supertrend which becomes negative and the momentum which is negative already from November 4th, therefore from the beginning of this tracking. Finally we see yesterday's candle which had a strong explosion of volatility closing below a key level. Summing up all these dynamics, I don't feel like joining Long at the moment. I could expect a continuation of the correction that brings the price to the 2480/2400 area as indicated in the previous post. In any case, I would wait to see the price show bullish confirmations before making further bullish entries. 👍 Leave a like if you want to see other similar posts 🙋‍♂️ Follow me so you don't miss my future analyzes 🔑 If you want to get access to my LuBot indicator you find the link below, you can also get access for free without paying anything ⚠️ Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always do your research before making investment decisions. TAGS: CAPITALCOM:GOLD OANDA:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD FXOPEN:XAUUSD PEPPERSTONE:XAUUSD ICMARKETS:XAUUSD AMEX:GLD
TVC:GOLD
by LuTrader_LB
Bullish Reversal OpportunityAnalysis: The daily demand zone is acting as a base in this emerging bullish market, as price failed to break below. We have two broken structures, followed by a sell-side liquidity sweep that cleared the swing high, providing displacement. Trade Idea: - Entry: Buy at the demand zone around 0.81500 - Stop Loss: Below the demand zone around 0.81300 - Target: 0.82300, based on the broken structures and liquidity sweep - Risk Management: Position sizing and stop-loss levels should be adjusted according to individual risk tolerance
by tokelohomi
[BTC/USD: Long-Term Outlook]Current Situation: Bitcoin's current price is approximately 94,862 USD, with a 3.21% drop. On the weekly time frame, there is a strong upward trend where the price has climbed from lower levels to a new high above 90,000 USD. The last correction stalled in the 65,000–70,000 USD zone (highlighted in red on the chart), confirming this as a strong support area. Key Technical Confirmations: Support Zone (Buy Zone): The price rallied from the 65,000–70,000 USD area. This zone is significant as it was a prior accumulation area that led to the breakout to higher levels. Liquidity within the support zone ("$$$") has already been filled, signaling strong buyer interest. Bullish Structure (Higher Highs & Higher Lows): The chart shows a clear formation of higher highs and higher lows, confirming the long-term bullish trend. Imbalance and Strong Volume: A large green candle with significant momentum suggests a strong bullish move. The volume during this rally was the highest in the past year, further reinforcing the trend. Psychological Level – 100,000 USD: The 100,000 USD level is an important psychological barrier, likely acting as a magnet for buyers and sellers. This remains a reachable long-term target. Scenarios: Bullish Scenario: If the price stays above the 65,000–70,000 USD support zone, further upward movement is expected. The first target is 100,000 USD (psychological level), with potential to break higher toward 110,000 USD or beyond if volume increases. Bearish Scenario: If the price falls below 65,000 USD and breaks the structure, a deeper correction toward 50,000 USD (liquidity zone marked "$$$") may occur. My Long-Term Projection: Given the current technical picture and strong bullish trend, my bias is bullish. I expect BTC/USD to reach 100,000 USD in the coming months and potentially test the 110,000 USD zone or higher, assuming the bullish structure remains intact. Trade Plan: Entry (Buy): On a retest of the 70,000–75,000 USD zone, if the price revisits this support. Stop Loss: Below 65,000 USD (under the previous support zone). Targets (Take Profit): TP1: 100,000 USD TP2: 110,000 USD Disclaimer: This is solely a personal analysis and does not constitute financial advice. Please use your own analysis and manage your risk appropriately.
BITSTAMP:BTCUSD
by Safaric
1
QQQ Technical Short OpportunityTechnical SHORT opportunity in QQQ: 1. QQQ failed to fill gap from Friday. Very weak upward progression over the last 4 days 2. Thursday’s candle is a “bearish hanging man” 3. The last bearish wave retraced 66% of the prior upward move 4. There have been multiple tests of immediate support level (495-498) 5. QQQ has been weaker than S&P over the past 5 days Profit target can be placed near the high-volume node at 488 Please note that the long-term trend remains “bullish,” and a short-term downside auction does not indicate an immediate reversal.
NASDAQ:QQQShort
by hermes_trisme
2