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Candlestick Analysis

Buy gold!Bros, earlier today, we initiated our first trade by going long on gold around the 2628 level, and we have now closed our long position near 2647. While we didn’t capture the absolute peak, we still secured an easy profit of nearly 200 pips. Currently, after touching the 2649 level, gold has slightly pulled back and is now trading around 2642. Despite gold briefly dipping to the 2625 level earlier today, the overall bullish structure remains intact. As I mentioned on Friday, short-term pullbacks in gold are merely corrections of the prior uptrend and serve to build momentum for further upside. Therefore, I continue to maintain a bullish bias in my trading approach. Since gold has resumed its rebound, for the upcoming short-term trades, we can consider using the 2640-2635 zone as a support level and start going long on gold again! Bros, do you believe gold will extend its rebound? If you’re interested in learning more detailed trading strategies and receiving additional trade signals, you can join the channel linked at the bottom of the article. Let’s make trading easier and turn profit-making into an enjoyable journey!
OANDA:XAUUSDLong
by Trader_Marvin
Meta: Tight Range at Old HighsMeta Platforms jumped last month and now some traders may see opportunity in its latest pullback. The first pattern on today’s chart is the $595.94 level. It was the record closing price on October 4 and near the top of the range in subsequent weeks. META rallied above it in early December and retreated to hold the same range in the second half of last month. Has old resistance become new support? The stabilization is also occurring near the 50-day simple moving average. That may reflect a bullish intermediate-term trend. Third, the social-media giant ended Friday above its 21-day exponential moving average. That may reflect a bullish short-term trend. Next, stochastics are turning up from an oversold condition. Finally, shaded boxes mark two interesting weekly patterns. The December 23-27 period saw prices remain within the previous candle. That bullish “inside week” was followed by bullish “outside week” December 30-January 3. That could also suggest that buyers are gaining the upper hand. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:META
by TradeStation
FIL/USDT Shorting the Surge !This setup presents a strong short opportunity due to several factors. The large green candle signals a sharp, likely overextended price move, which often retraces to fill the gap. Rejection from the resistance level near 6.305, evidenced by the upper wick, indicates selling pressure and bearish sentiment. Coupled with a favorable risk-to-reward ratio, this trade capitalizes on the likelihood of a corrective pullback following the aggressive upward move.
Short
by wolfchemist
2
Moustafa! US 30 towards 43320* Broke the downtrend line on the 1h and 4h time frames * It is absolutely ok still to go bullish as long it is above the purple uptrend line and under the yellow uptrend line which was broken before. Note: My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
FX:US30Long
by moustafa_marei
5
XAUUSD 6/1/25Coming into this week, we maintain a bullish bias on gold. Last week, we experienced a short-term shift to bearish, which was expected as we mentioned before the new year. Currently, we are focusing on the cluster of lows at the base of our most recent range. This is the area we are targeting for potential long trades this week. Orion is indicating that we need to align with the long bias, so we will follow this direction and monitor targets and entries accordingly. Note that we currently have only two targets above. If the market creates another high before dropping into the mentioned lows, we may have more than two targets to work with, requiring us to trade within those areas. Be mindful of the current structure. As mentioned in the EU analysis, we may form short-term lows to play off, which could make the lower areas less likely for the week’s initial move. As always, we wait for a low to be reached, then analyse the entry timeframe to determine if there’s an opportunity to participate. Trade safely and stick to your plan.
FX:XAUUSD
by PipSurfingSociety
EURUSD 5/1/25Heading into the First Trading Week of the Year We’re ready to dominate as always, with Orion leading the way and providing a clear bias. This week, we continue with our bearish outlook, looking to trade from the highs into the lows outlined here, with the target clearly defined. Before diving in headfirst, let’s cover a few key points: There’s currently a large gap between the highs and the current price. Based on this, we need to be mindful of the following scenarios: A short-term high could form before reaching the main highs shown here. A new low might be created, giving us an additional target low. These scenarios suggest we could see some form of manipulation before a move higher. For example, the price could create new highs, sweep them, and then form a new short-term low. While this wouldn’t invalidate the larger bearish move, it could shake out many lower time frame traders. Please also take note of the heavy liquid we have stored above the current highs we are looking at. Trade safe and stick to your plan.
by PipSurfingSociety
1hr DOT chart TA by GrokAI This chart is a technical analysis of the Polkadot (DOT) price on the Binance exchange, using the Tether US (USDT) as the trading pair. Here's a breakdown of the key elements shown: Candlestick Chart: The main part of the chart shows the price movement of DOT over time. Each candlestick represents one day. The recent price action shows a significant upward movement, followed by a sharp decline. Fibonacci Retracement Levels: The horizontal lines with percentages (0.236, 0.382, etc.) are Fibonacci retracement levels. These levels are used to identify potential support and resistance levels. The price has retraced to around the 0.5 level after the recent peak. Volume: The bars at the bottom of the candlestick chart represent the trading volume. Higher volume during the price increase suggests strong buying interest, while the volume during the decline indicates selling pressure. MACD Indicator: Below the price chart, there's the Moving Average Convergence Divergence (MACD) indicator. It consists of: MACD Line (blue): The difference between the 12-day and 26-day EMA of the price. Signal Line (orange): A 9-day EMA of the MACD line. Histogram: The difference between the MACD and signal lines. The MACD crossing below the signal line can be a bearish signal, suggesting potential for further price decline. Analysis: The recent price spike followed by a sharp decline might indicate a correction after a bullish run. The price has retraced to around the 0.5 Fibonacci level, which could act as a support level if the price finds stability here. The volume increase during the price rise and subsequent fall suggests strong market reactions, both in buying and selling. The MACD indicator has turned bearish with the MACD line crossing below the signal line, which might suggest that the downward trend could continue unless there's a significant buying volume that pushes the price back up. Conclusion: Short-term Outlook: The price might test lower Fibonacci levels (0.618 or lower) if the bearish momentum continues. Watch for any bullish divergence in the MACD or a significant increase in buying volume for signs of a reversal. Long-term Outlook: If the price holds above the 0.618 Fibonacci level and there's a bullish crossover in the MACD, it could indicate a potential for another upward move. Remember, technical analysis should be combined with other forms of analysis (like fundamental analysis) for more accurate predictions. Also, market conditions can change rapidly, so it's essential to keep an eye on real-time data and news related to Polkadot or broader market trends.
Long
by jasonciviello