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Candlestick Analysis

What Is the Hanging Man Candlestick Pattern: Meaning & Trading?What Is the Hanging Man Candlestick Pattern, and How Can You Trade It? In the world of technical analysis, candlestick patterns play a vital role in helping traders decipher market trends and potential reversals. Among the many setups, the hanging man holds particular significance. This distinctive formation captures traders' attention as it often serves as a warning sign of a possible trend reversal. This article will go through the technical analysis of the hanging man formation and explain how traders can trade with it. What Is a Hanging Man Pattern? The hanging man candlestick pattern is characterised by a small body near the top of the candlestick, a long lower shadow, and little to no upper shadow. It resembles a figure hanging from its head, hence the name "Hanging Man." Psychology Behind the Hanging Man The psychology behind the hanging man candlestick pattern reflects a shift in market sentiment. After a sustained uptrend, the appearance of this pattern indicates that buyers are losing momentum. The long lower shadow shows that sellers were able to push prices down significantly during the trading session. Although buyers managed to drive prices back up, the close near the open price suggests weakening bullish sentiment. This pattern signals that selling pressure is increasing, potentially leading to a bearish reversal as confidence among buyers diminishes. The hanging man is a versatile formation that can be applied across a wide range of financial instruments, including stocks, cryptocurrencies*, ETFs, indices, and forex, on different timeframes. Identifying a Hanging Man Candlestick on Trading Charts To spot a hanging man pattern in stocks and other financial instruments, you may follow these key steps: Look for an existing uptrend: Start by identifying a prevailing upward price movement on the chart. Locate a candlestick with specific characteristics: Search for a candlestick with a small body near the top, a long lower shadow, and little to no upper shadow. This formation resembles a figure hanging from its head. The colour of the candle doesn’t matter, but if it’s bearish, the signal is stronger. Consider supporting indicators: Utilise other technical indicators or oscillators to further validate the potential reversal. These can include trendlines, moving averages, or momentum indicators that align with the bearish interpretation. Note that there is no such thing as an inverted hanging man candlestick or a bullish hanging man candlestick pattern. Trading the Hanging Man Pattern Those trading the hanging man reversal pattern need to apply a systematic approach in order to increase the likelihood of successful trades. Here are a few steps traders usually follow to trade this pattern: - Identification: Identify the setup by using the steps mentioned above. - Look for confirmation signals: The setup alone is not sufficient for making trading decisions. Seek additional confirmation through subsequent candlestick patterns or technical indicators. This can include bearish candlestick patterns (e.g. bearish engulfing or shooting star), a breach of support levels, or the convergence of other indicators signalling a potential reversal. - Define your entry point: An entry point can be either when the next candlestick confirms the bearish sentiment or when the price breaches a significant support level. - Consider risk management: Assess the risk-reward ratio of the trade and ensure it aligns with your risk tolerance. For efficient risk management, you may adjust your position size accordingly. Risk management tools like position sizing, setting stop-loss orders, and diversification may help protect your capital. You may set a stop-loss order above the hanging man pattern to limit potential losses if the trade goes against you. - Identify profit targets: The candlestick itself doesn't provide specific targets. Traders can identify profit targets by looking at previous support levels, Fibonacci retracement levels, or other technical analysis tools like moving averages or pivot points. - Monitor the trade: Keep a close eye on your position as it progresses. Pay attention to any changes in market conditions or additional signals that may invalidate the trade. - Learn from outcomes: Regardless of the outcome of the trade, analyse it afterwards to identify areas for improvement. Assess whether the setup provided accurate signals and identify any factors that may have affected its success. This analysis will help refine your trading strategy over time. Live Market Example Consider the example of a hanging man on the forex USDJPY pair. An entry is placed on the next bearish candlestick with a stop loss just above the hanging man. The take profit order is at the next level of support marked by the orange line. Limitations of the Hanging Man Candlestick The hanging man candlestick pattern, while useful, has certain limitations that traders need to consider: - False Signals: The hanging man can produce false signals, especially in volatile markets where price movements are erratic. - Market Context: The effectiveness of the pattern varies depending on the broader market context and prevailing trends. - Timeframe Sensitivity: Its reliability can differ across various timeframes; what works on a daily chart may not be as effective on an intraday chart. - Not Standalone: It should not be used in isolation but as part of a comprehensive trading strategy that includes other indicators and risk management tools. Comparing the Hanging Man to Similar Candles Understanding how the hanging man pattern differs from similar candlestick patterns helps in accurate technical analysis. Here's a brief comparison of the hanging man with related patterns. What Is the Difference Between a Hanging Man and a Hammer? Both have the same candle structure. However, the hanging man candlestick occurs in an uptrend and signals a potential bearish reversal, while the hammer occurs in a downtrend, indicating a potential bullish reversal. Interestingly, it is possible to see a hanging man candlestick in a downtrend, often as part of a bullish retracement. Both candles require confirmation from subsequent price movements. They should be analysed within the context of the overall market trend and other technical indicators. What Is the Difference Between a Pin Bar and a Hanging Man? A pin bar and a hanging man are both single-candlestick patterns with small bodies and long shadows, but they serve different purposes in technical analysis. The pin bar has a small body and a long tail, indicating a reversal, but it can appear in any market condition. Its long tail shows a strong rejection of a certain price level, with the body pointing in the direction of the anticipated reversal. The hanging man, however, specifically occurs after an uptrend and signals a potential bearish reversal, characterised by a small body at the top and a long lower shadow, indicating selling pressure. What Is the Difference Between a Shooting Star and a Hanging Man Candlestick? The shooting star and the hanging man are both bearish reversal patterns, but they differ in their appearance and context. A shooting star occurs after an uptrend and features a small body at the bottom with a long upper shadow, indicating that the price was pushed up significantly but fell back down, showing strong selling pressure. The hanging man also appears after an uptrend but has a small body at the top with a long lower shadow, suggesting that sellers dominated the session despite an initial push by buyers. Both require confirmation from subsequent candlesticks to validate the reversal. Final Thoughts While the hanging man alone is insufficient for making trading decisions, it serves as a warning signal that buyers may be losing control and that selling pressure could increase. Traders seek additional confirmation through subsequent candlestick patterns, support and resistance levels, and other technical indicators to validate the potential reversal. By understanding the implications of the setup within the broader market context and employing proper risk management strategies, traders can enhance their decision-making process and improve their chances of identifying different trading opportunities. FAQ What Does the Hanging Man Pattern Indicate? The hanging man trading pattern in technical analysis typically indicates a potential trend reversal in an uptrend. It suggests that the buyers, who have been driving the market higher, are losing control, and the selling pressure may increase. The hanging man is represented by a small body near the top of the candlestick, a long lower shadow, and little to no upper shadow. It resembles a figure hanging by the neck. This visual representation conveys the potential bearish sentiment. Can a Hanging Man Candle Be Bullish? No, there is no such thing as a bullish hanging man candlestick pattern. The bearish hanging man pattern indicates a potential trend reversal from an uptrend to a downtrend. Is the Hanging Man Pattern Reliable? The reliability of the formation, like any candlestick pattern, can vary depending on several factors. While the setup is widely recognised and considered a potential bearish reversal signal, it should not be relied upon as the sole basis for trading decisions. It is crucial to consider other factors and confirmation signals to increase its reliability. What Is the Confirmation Candle for the Hanging Man? A confirmation candle for the hanging man is a bearish candlestick that follows the pattern, confirming the reversal. This can include a bearish engulfing candle or a candlestick closing well below the hanging man's body, indicating increased selling pressure. Is the Hanging Man Pattern Bearish? Yes, it is generally considered a bearish pattern in technical analysis. It is formed when the price’s open or close is near or at its high, there is a significant decline during the trading session, and it closes not far from the opening price. The pattern resembles a hanging man with his legs dangling. *Important: At FXOpen UK, Cryptocurrency trading via CFDs is only available to our Professional clients. They are not available for trading by Retail clients. To find out more information about how this may affect you, please get in touch with our team. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
Is Bitcoin Repeating Its 2021 Price Action? | TRADEDOTSWe’ve observed that Bitcoin CME:BTC1! appears to be repeating a previous wave pattern. If it follows its historical price action yet again, here’s what we might expect: 2021 Comparison Back in 2021, Bitcoin formed two large rounded wave structures where the second wave exceeded the first, forming two consecutive all-time highs followed by a huge drawdown. This year’s price action looks very similar to the beginning of the second 2021 waves. If it continues to unfold in the same way, we anticipate a new all-time high before the end of this year, followed by a notable pullback into early next year. Key Support at $96,000 As long as BTC holds above $96,000, the bullish trend remains intact. This level has shown great demand and volume support, reinforcing its role as the floor for the short-term uptrend. Upside Potential to $117,000 If buyers continue to support the market above $96,000, BTC could reach the $117,000 region, setting another all-time high. This expectation follows the earlier wave pattern seen earlier this year and completes a close parallel to the 2021 bull run. Deeper Pullback Expected After a potential new high, a larger correction is likely. Drawing on previous pullback price action, a 30% dip toward $82,000 could align with a higher-time-frame trendline and significant support area—mirroring the wave structure from 2021. Final Thoughts BTC remains structurally bullish above $96,000 A pullback to the $82,000 region could present a key buying opportunity if it occurs.
by tradedots
A Contrarian View On the US DollarI don't recall the last bullish headline I saw for the US dollar, bearish sentiment may be stretched, and I'm seeing plenty of clues across the US dollar index and all FX majors that we could at least be looking at a minor bounce. Whether it can turn into a larger short-covering rally is likely down to Trump's trade deals. Either way, I'm, on guard for an inflection point for the dollar. Matt Simpson, Market Analyst at City Index and Forex.com
ICEUS:DX1!Long
by CityIndex
Is there still hope for the bull market to rise today?📰 Impact of news: 1. Progress made in talks between China and the USA 📈 Market analysis: In view of the non-agricultural data to be released on Friday, the market is expected to maintain a volatile consolidation trend before then. From the daily level: the Bollinger Bands open gently, the gold price is running below the upper track 3414, and the MACD golden cross is running slowly, suggesting that the bullish momentum is weak. At the hourly level, the short-term short position is strong, and there is a certain rebound demand. Therefore, we pay attention to the 3343-3333 support line below, focusing on the 3300 support. After the gold price falls below the 3360 support, the 3360 position will suppress the gold price in the short term. 🏅 Trading strategies: BUY 3343-3333 TP 3360-3370-3380 SELL 3360-3370 TP 3330-3320 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. OANDA:XAUUSD FX:XAUUSD FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDLong
by AllenBoswell-2
Buy gold, there is still potential to hit 3400Gold gradually fell after touching 3403, and the current lowest has fallen to 3364. Has the gold bull market ended? In fact, I think the gold retracement is a good time to buy, and I am not afraid of gold retracement. From the overall perspective of the day, gold did not fall below the 3360 mark during today's retracement. This area has become the intraday strength and weakness dividing line. As long as gold can stay above 3360, I think gold still has the potential to continue to rebound. Moreover, the tariff issue and geopolitical conflicts have not been effectively resolved, which is still favorable for gold in terms of fundamentals. Moreover, gold has broken through 3400 twice. I think the bull market will not end easily, and there is still the potential to test 3400 again, and it may even rise to the 3410-3420 area. Trading strategy: Consider shorting gold in the 3365-3355 area, TP: 3390-3400
OANDA:XAUUSDLong
by Steffen_Schade
LLY Daily: Navigating Key Levels - Two Strategic OpportunitiesOVERVIEW: LLY has recently undergone a significant correction from its highs, finding strong demand at a crucial support zone. Price action now presents two distinct, high-probability long entry scenarios based on the stock's interaction with key horizontal levels. My analysis outlines potential entry points, clear targets, and risk management. KEY OBSERVATIONS & MARKET STRUCTURE: Major Demand Zone Established: Following a notable pullback in early May, LLY found substantial buying interest within the lower green horizontal zone (approximately $680 - $710). This area has acted as a robust "Support Trade" zone, preventing further downside and initiating a corrective bounce. Corrective Rally & Intermediate Resistance: From this strong support, LLY mounted a decent rally, completing a clear W-formation or basing pattern (highlighted by the orange and blue zig-zag lines). Price is currently interacting with an intermediate resistance level / supply zone (the upper grey/light green horizontal zone around $755 - $775). This level represents a critical point of contention between buyers and sellers. Two Strategic Entry Scenarios: The current market context offers two distinct long entry approaches, each with its own risk/reward profile: Scenario 1: Breakout Trade (Orange Ellipse / "1st Entry Above 775") A. Condition: This strategy focuses on a decisive breakout and sustained close above the current intermediate resistance level (approx. $775). A strong daily candle closing above this zone would confirm bullish momentum. B. Entry: Look for price action to confirm the breakout, potentially on a retest of the broken resistance now acting as support (as indicated by the orange arrow and ellipse). An entry above $775 is targeted here. C. Risk Management: A stop-loss should be placed just below the breakout level and the recent swing low, ideally around $745.33 (bottom of the red box). Scenario 2: Support Trade (Blue Ellipse / "2nd Entry 710") A. Condition: This strategy anticipates a potential rejection from the current intermediate resistance, leading to a pullback to the primary demand zone (approx. $710). B. Entry: Look for strong bullish reversal signals (e.g., bullish engulfing candle, hammer, demand zone rejection) if price retraces to the lower demand zone around $710 (indicated by the blue arrow and ellipse). This offers a potentially lower risk entry with a better risk-to-reward ratio for the same targets. C. Risk Management: A stop-loss would be positioned just below the main support zone, around $675.70 (bottom of the larger red box). POTENTIAL TARGETS: Regardless of the entry scenario, our upside targets remain consistent based on prior price structure and supply zones: • 1st Target: $860 (Green Zone): This is a significant resistance level from earlier price action, representing the first major hurdle for buyers. • 2nd Target: $920 (Upper Green Zone): This represents the ultimate upside target, aligning with the previous all-time highs and a major supply zone. INVALIDATION: • For "Breakout Trade" (1st Entry): A sustained daily close below $745.33 would invalidate this specific trade idea. • For "Support Trade" (2nd Entry): A sustained daily close below $675.70 would invalidate the entire bullish bias derived from the primary demand zone and suggest further downside is likely. CONCLUSION: LLY is presenting clear technical setups after finding substantial support. Traders can opt for an aggressive Breakout Trade if momentum sustains through intermediate resistance, or a more conservative Support Trade if price retraces to the established demand zone. Both strategies aim for significant upside potential towards $860 and $920, with clearly defined risk management levels. Risk Management is Paramount : Always adhere to your stop-loss and position sizing to protect your capital. This is not financial advice; do your own research. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
NYSE:LLYLong
by ManiMarkets
GOOGL: Bullish Reversal Pattern Confirmed on DailyOVERVIEW: GOOGL has displayed a significant shift in its price action on the daily timeframe, transitioning from a corrective bearish phase into a confirmed bullish structure. A classic reversal pattern, followed by a successful retest of a critical level, suggests strong upside potential towards predefined resistance zones. KEY OBSERVATIONS & MARKET STRUCTURE: 1. The Reversal - W-Formation / Double Bottom: o Following an extended retracement from its previous highs, GOOGL formed a clear "W-Formation" or a bullish double bottom pattern. This pattern indicates that sellers lost control at the lows, and buyers stepped in to reverse the trend. The zig-zag lines highlight the swings of this reversal structure. 2. Break of Structure & Confirmation: o The crucial element of this pattern was the break above the neckline (or intermediate resistance) of the W-formation, marked by the horizontal green zone. This breakout signaled a shift in the market structure, indicating that buying pressure was overcoming selling pressure. o Subsequently, price has executed a textbook "Retested Support" of this breakout level (the lower green rectangle around $163.00 - $167.00). This retest, where former resistance acts as new support, is a high-probability confirmation signal for continuation of the new bullish trend. The current price action is bouncing precisely from this zone. TRADE IDEA & POTENTIAL OUTLOOK: Based on the confirmed bullish structure and the successful retest of support, a long opportunity presents itself: • Entry Zone: Entries can be sought around $168.00 - $170.00, following confirmation of a bullish candle bounce from this level. • Stop Loss (SL): A logical stop loss placement would be just below the "Retested Support" zone, specifically below the recent swing low and the lower boundary of the support area, indicated around $163.19. This placement protects capital if the bullish structure fails. • Targets: o 1st Target: 181 to 183 (Green Rectangle): This zone represents a prior supply area or a significant resistance level from earlier price action. It's the immediate upside objective where we might see initial profit-taking or a temporary pause. o 2nd Target: 191 to 193 (Upper Green Rectangle): This serves as the secondary, more ambitious target. It's another historical area of price reaction, representing the next major supply zone that price could aim for if momentum carries it through the first target. INVALIDATION: • The bullish thesis would be invalidated if price decisively breaks and closes below the "Retested Support" zone ($163.00). A sustained break below this level would suggest that sellers have regained control, potentially leading to a deeper retracement or continuation of the previous bearish trend. CONCLUSION: GOOGL is showing compelling technical strength on the daily chart. The combination of a strong reversal pattern (W-formation) and a textbook retest of broken resistance, now acting as support, provides a high-probability long setup. Traders should monitor price action for a sustained move from the retested support towards the identified upside targets. Risk Management is Paramount: Always ensure proper position sizing and adherence to your stop-loss to manage potential downside. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
NASDAQ:GOOGLLong
by ManiMarkets
The long strategy has been successful, pullback and go long📰 Impact of news: 1. European Central Bank deposit facility rate in the eurozone as of June 5 2. Initial jobless claims data 3. Non-farm payroll data 4. Worsening geopolitical situation 📈 Market analysis: At present, the gold price has broken through the previous highs of 3392 and 3395. There is no obvious peak signal in the short term. At the same time, as the gold price continues to rise, the lower support will also move up in the short term, and the 4HMACD has a golden cross trend. In the short term, pay attention to the 3385 support below and the 3410 resistance above. The 1H indicator is close to the overbought area. We still need to be vigilant about the risk of rising and falling. If the gold price retreats to 3390-3385, we can consider going long with a light position. 🏅 Trading strategies: BUY 3390-3385-3375 TP 3400-3410 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 FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDLong
by AllenBoswell-2
Is there still a chance for a bull market in gold's decline?📰 Impact of news: 1. European Central Bank deposit facility rate in the eurozone as of June 5 2. Initial jobless claims data 3. Non-farm payroll data 4. Worsening geopolitical situation 5. Watch the impact of the dialogue between Trump and Xi Jinping on gold 📈 Market analysis: This round of geopolitical conflict caused an upward breakthrough, but the price has cooled down due to the negotiations between China and the United States. The current market is swaying at 3374. In fact, gold has not yet taken a more obvious direction. After all, tomorrow, Friday, is a key node in the data market game. At the 4H level, today's European session has reached the 3404 line, and encountered resistance and pressure here. The current retracement is in line with our expectations, and we expect to go long. As long as the key position of the middle track is maintained, it will continue to rise after being pulled down. At present, I still hold long orders. 🏅 Trading strategies: BUY 3390-3385-3375 TP 3400-3410 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. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell-2
Nifty Analysis EOD – June 5, 2025 – Thursday🟢 Nifty Analysis EOD – June 5, 2025 – Thursday 🔴 🎭 Trap and Manipulation on Expiry Day As discussed in yesterday’s note—a calm before the storm—today delivered the volatility, but not in the form anyone truly expected. Nifty opened with a 53-point gap-up, filled the gap in the first 5 minutes, and then marched upwards to hit a day high of 24,761. But that wasn't the end… Within just 20 minutes, Nifty spiked to 24,899—a sharp and unexpected move that defied recent technical context. Why?Because just two sessions ago (June 3), the 24,800 level was a clear rejection zone, yet today the price cut through that zone like butter, crossing the highs of the past 6 sessions—only to fall just as sharply. 📉 That’s not strength—it’s classic expiry day manipulation. The past 16 sessions have shown candles with unusual shadows, and today added another one to the list. For swing traders, this market structure has been offering no clean entry triggers. The message is loud and clear: focus only on intraday setups and stay cautious. 🛡 5 Min Chart with Levels 🕯 Daily Time Frame Chart 🕯 Daily Candle Breakdown Open: 24,691.20 High: 24,899.85 Low: 24,613.10 Close: 24,750.90 Net Change: +130.70 (+0.53%) 📊 Candle Structure Breakdown Real Body: 59.70 pts (Green) Upper Wick: 148.95 pts Lower Wick: 78.10 pts 🔍 InterpretationThe candle paints a story of early optimism followed by profit booking or supply absorption near 24,900. Though the day closed green, the long upper shadow shows sellers dominating higher levels, leaving buyers with little to celebrate by the close. 🔦 Candle Type 🟢 Green Spinning Top with Long Upper Wick Indicates indecision, with a bullish undertone that lacks conviction at higher levels. 📌 Key Insight 24,900 remains a psychological and technical barrier. A bullish close above 24,900 might invite momentum traders, but until then—suspicion stays. A breakdown below 24,600 may trigger downside interest again. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 265.01 IB Range: 148.4 → Medium IB Market Structure: imBalanced Trades:✅ 11:00 AM – Long Triggered → Target Achieved (1:1.5)✅ 11:50 AM – Long Triggered → Trailing SL Hit, but Target Achieved (1:4.8) 📌 Support & Resistance Zones Resistance Levels 24,768 ~ 24,800 24,820 24,882 24,894 (Strong Resistance) Support Levels 24,727 ~ 24,737 24,660 24,625 ~ 24,640 24,600 24,530 ~ 24,480 24,460 💭 Final Thoughts A day of deception more than direction.This expiry session was less about trend and more about clearing premiums, trapping both sides, and faking strength in the middle of a boxed consolidation. 📌 “Not every green candle is bullish. Some are just well-disguised traps.” ✏️ Disclaimer This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Nifty bounce between Trendline resistance and Mother lineWe Saw a jump of 130 points in Nifty today. The jump could have been higher if trend line resistance would not have come into play. This trend line resistance which came into effect is exactly around 24899 as it can be seen in the chart which was also the day's high. After making this high Nifty fell again until Mother line support present near 24706 again came into act for Nifty to close near 24750. Thus the supports for Nifty now remain at: 24706 (Mother Line Support), 24613 (Low of today) and Father line Support near 24508. Below 24508 there will be further weakness and Bears will take control of the market. The Resistances for Nifty now remain at: 24767, 24843, 24899 (trend line resistance), and 24971(Another Trend line resistance). Above 24971 closing Nifty will gain strength again and Bears can pull the market upwards towards 25074 or 25132. Closing above 25132 will be very good for the market as there seems to be a pure Bull territory above this zone. 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.
NSE:NIFTY
by Happy_Candles_Investment
Is Fartcoin Meme Coin About to Crash Hard?In the ever-evolving world of crypto investment, memecoins continue to attract waves of speculative interest, even as their real-world use remains effectively nonexistent. One such meme coin token that’s recently caught the attention of traders and meme enthusiasts alike is Fartcoin—a cryptocurrency as ridiculous as its name implies. While Fartcoin may not be suitable for serious applications, it presents a fascinating case study in how to trade memecoins based purely on supply and demand imbalances. The Origins of Fartcoin Fartcoin emerged, predictably, as a joke. Like most memecoins, it was born not out of innovation but out of internet culture. Designed with no technical edge, no roadmap, and no ecosystem, its primary function is virality—riding the waves of social media hype and influencer shills. Fartcoin’s creators never intended it to disrupt finance or decentralize the web; they just wanted to make people laugh (and perhaps get rich in the process). Yet, despite the lack of fundamentals, Fartcoin gained traction, thanks to Twitter and X memes, Reddit threads, and YouTube influencers who thrive on ironic tokens with humorous names. This is the bizarre paradox of memecoins and crypto investment: irrational exuberance often beats utility. Why Fartcoin (Like All Memecoins) Can’t Be Used in Real Life Let’s be clear—memecoins like Fartcoin offer no practical use. Unlike Bitcoin (store of value) or Ethereum (smart contract infrastructure), Fartcoin can’t pay for goods or services, nor does it solve any technological or economic problem. It exists solely for speculation. Most real-world businesses won’t touch it. It lacks a stable price mechanism, a credible development team, and a long-term value proposition. In other words, Fartcoin is entirely unfit for real-life utility, making it a textbook example of a speculative asset detached from fundamentals. Technical Analysis: Supply Level Suggests a Dump Is Imminent While Fartcoin may lack intrinsic value, it offers opportunities for active traders who understand market psychology and how to trade cryptos. Currently, the price action reveals a notable supply imbalance around the $0.8982 level—a monthly supply zone that has acted as a key area of institutional selling pressure. This level is currently “in control,” meaning buyers have consistently failed to push through this resistance. Price is now hovering close to this supply level, suggesting a high probability of rejection. For traders familiar with trading memecoins, this presents a prime opportunity to take short positions using futures contracts available on select cryptocurrency exchanges, such as Kucoin, Binance, and ByBit.
Short
by AlfonsoMoreno
GOLD (XAUUSD): Strong Bullish Pattern Following my previous analysis, Gold in going up. Your next signal to buy will be a bullish breakout of a neckline of an ascending triangle pattern on a 4H time frame. A 4H candle close above 3392 will confirm a violation. Next resistances will be 3408 / 3428 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDLong
by VasilyTrader
1
Bull market returns? Aiming at 3400?📰 Impact of news: 1. New uncertainty in Russia-Ukraine negotiations 📈 Market analysis: The current trend of gold prices is erratic and discontinuous, and only swing trading can be adopted during the day. In the short term, there is a certain pressure at 3385-3395 above. If this resistance area is broken, the gold price is expected to continue to rise. The short-term support below FOREXCOM:XAUUSD is at 3350-3340. At present, the news has a greater impact on the gold price, coupled with the support of market risk aversion, so in the short term, attention should be paid to the break of the upper resistance. 🏅 Trading strategies: BUY 3370-3365 TP 3385-3395-3400 SELL 3395-3400 TP 3380-3370 BUY 3350-3340 TP 3370-3380 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 FXOPEN:XAUUSD TVC:GOLD
OANDA:XAUUSDLong
by AllenBoswell-2
I still have a short position.Although gold has risen sharply to above 3380 due to the intensification of the Russian-Ukrainian conflict, it has not made a substantial breakthrough, and has not stabilized above 3380. The bulls are not determined, which also shows that the technical suppression in the 3290-3295 area above is still strong. If gold does not break through in one fell swoop, gold is likely to usher in a wave of retracement in the short term. Due to the fundamental impact of tariff issues and geopolitical conflicts, for short-term trading, we should not have too high expectations for the extent of the retracement for the time being, but it is expected to retrace to the 3365-3355 area. In terms of short-term trading, I still hold a short position executed near 3375, and I hope that gold can fall back and hit TP as expected. Trading strategy: Consider shorting gold in the 3375-3385 ​​area, TP: 3365-3355
OANDA:XAUUSDShort
by Steffen_Schade
EURUSD Volatility Alert - ECB Rate Decision/US Non-farm PayrollsEURUSD has experienced a choppy start to the week so far. Initially trading from opening levels around 1.1345 up to a 6-week high of 1.1455 early Tuesday morning, before running into profit taking and then bouncing between these two levels in response to various drivers, including updates on US/China trade discussions, Eurozone inflation, US economy ,and constantly changing interest rate differentials. Looking forward, there may be potential for this type of price action to continue over the next two trading days, as traders first digest the ECB interest rate decision, which is released at 1315 BST later today, then the comments of ECB President Lagarde in the press conference that commences at 1345 BST. A 25bps (0.25%) interest rate cut from the ECB is fully anticipated, so is unlikely to cause much of a stir. However, comments from Madame Lagarde in the press conference could lead to volatile EURUSD price action, depending on if she outlines whether policymakers remain open to further cuts, as Eurozone inflation (May CPI 1.9% YoY) moves below the central bank’s 2% target, or if now is the time for a pause to assess the potential impact of US tariffs and future European defence/infrastructure spending. On Friday, the dollar side of the EURUSD currency pair, could be impacted significantly by the outcome of the latest update on the US labour market in the form of the US Non-farm Payrolls release at 1330 BST. Data out earlier in the week has so far offered a mixed assessment of the US labour market during the on-going trade tariff uncertainty. However this payrolls update is the one that usually grabs the attention of traders and investors and probably holds more significance. Their focus is likely to be on the direction of the unemployment rate (currently 4.2%) and average hourly earnings, where any large deviation from market expectations may see EURUSD volatility increase into the weekend, especially if it indicates a weakness in the US economy. Technical Update: Today’s ECB announcement, followed by payrolls on Friday, has the potential to be the next important EURUSD sentiment driver, with the reaction to these events possibly offering clues to the next path for price activity. It has already been an impressive recovery in EURUSD since the May 12th session low at 1.1065, a move that has now seen closing breaks above resistance at 1.1425, which is equal to the April 28th last recovery failure high. However, as we approach the ECB decision and payrolls release, what are the potential support and resistance levels traders may be watching? Potential Resistance Levels: Price strength so far this week has been capped by sellers at 1.1455 on June 3rd. As such, this level represents a first possible resistance focus, as having found sellers at this point previously, they may be found again. While breaks above the 1.1455 high will not guarantee continued price strength, it could open potential for an upside push in price towards the April 21st high 1.1573, possibly further, if this were to give way on a closing basis. Potential Support Levels: After a period of price strength, such as that seen since the May 12th low, it is potentially the 38% Fibonacci retracement of the upside move, which in EURUSD stands at 1.1306, that may be viewed as a first support. As such, if breaks below 1.1306 are seen over coming sessions, it may lead to a deeper decline in price towards 1.1214, which is the 61.8% Fibonacci retracement, possibly further. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
USDCHF: Bearish Wave Ahead 🇺🇸🇨🇭 Quick update for USDCHF. Earlier on Monday, I shared a bearish forecast based on a confirmed violation of a neckline of a head and shoulders pattern on a daily. We got quite a deep retest of that and bears finally showed their presence. I remain bearish bias and expect a bearish continuation soon. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
1
Gold price fluctuates before NFP data, be careful📰 Impact of news: 1. European Central Bank deposit facility rate in the eurozone as of June 5 2. Initial jobless claims data 3. Non-farm payroll data 4. Worsening geopolitical situation 📈 Market analysis: Since the release of ADP data last night, gold prices have been rising all the way, reaching a high of around 3382, which is in line with the expected resistance of 3385-3395 we saw yesterday. Currently, the bulls are stable above 3330, and the gold price is still in a bullish trend on the daily chart. Although the current market is in a state of consolidation, there is a possibility of a surge and fall in the short term. Only after a negative line correction occurs, it may continue to be bullish. In short-term trading, pay attention to 3385-3395 on the top and the opportunity to retreat to 3365-3355 on the bottom. Pay attention to data such as initial jobless claims and tomorrow's non-agricultural data. 🏅 Trading strategies: BUY 3365-3355-3345 TP 3370-3380-3400 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. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell-2