#TRUMPUSDT — Breakdown or Reversal Confirmation🚀 BYBIT:TRUMPUSDT.P — Breakdown or Reversal Confirmation? Full Breakdown on 1H & 4H!
Let’s start by analyzing the charts on different timeframes:
✅ On the 1H chart , we clearly see a reversal pattern — Inverted Head & Shoulders — and the neckline breakout has already occurred. The volume on the breakout is high, which confirms the strength of the signal.
➡️ The target for this pattern is around $10.75–$10.80, which also aligns with the upper VPOC level from the previous range.
➡️ The POC level for BYBIT:TRUMPUSDT.P is $10.159, which may now act as support — this can be a potential entry zone.
➡️ Nearest resistance is at $10.40. A breakout above this level could trigger an impulse move towards $10.75–$10.80.
✅ On the 4H chart , a bearish flag is forming, which could potentially push the price lower — but this scenario hasn't played out yet.
➡️ There's also a local double bottom, confirmed by a price bounce. A retest of the flag’s lower boundary will be a key moment.
Let’s break down the patterns:
✅ 1. Inverted Head & Shoulders (1H) – A classic bottom reversal formation.
➡️ The neckline breakout occurred on increased volume — a key confirmation for a long setup.
✅ 2. Volume (Volume Profile & Bars) – Strong volume spike during the breakout confirms buyer interest.
✅ 3. Price broke out of consolidation – We’ve seen an impulsive breakout and the price is holding above the neckline.
✅ 4. Local Market Structure Break (MSB) – A shift from local downtrend to an emerging uptrend.
📍 Key Point: If the price holds above $10.40, this confirms a breakout from the descending channel, increasing the chance of reaching $10.75–$11.00.
📍 Price must also stay above $10.15 and not fall back into the previous range. A retest and bounce from this level would serve as further confirmation.
📢 If the price drops back below $10.15 and breaks $9.87, the “Inverted Head & Shoulders” pattern will be invalidated. In that case, a bearish trend will likely resume and a short toward $9.50–$9.00 could be considered.
📢 On the 4H chart, the risk of the bearish flag playing out still remains. We are monitoring the structure closely — a sharp pullback is possible.
📢 The volume zone around $10.15–$10.20 is key. As long as the price stays above it — the long scenario remains dominant.
🚀 As of now, BYBIT:TRUMPUSDT.P has strong technical reasons to support a long bias, especially if it holds above $10.40 — that would open the door to $10.75–$11.00.
Risks remain — particularly around the 4H bearish flag — but for now, bullish momentum prevails.
🚀 BYBIT:TRUMPUSDT.P still holds upside reversal potential — LONG scenario remains the priority!
Chartanalysis
Ready to ride the wave? Here's everything you need to know!🚨 Calling all Traders!🚨
XAUUSD is making moves and breaking records like never before! Here’s your latest update:
🔻 Bearish Scenario: Watch out for a potential drop below the 3120-3114 range. If it dips, targets such as 3000 and 3090 are next in line. Keep an eye on these key support levels! 👀
🔺 Bullish Scenario: If price breaks above this range, expect buying opportunities to open up! Look for action above 3120 with potential targets at 3130 and 3943. 📈💥
💡 Risk Management** is everything! Protect your capital and trade wisely! 💰
Jump into the conversation and share your insights! Let’s ride this golden wave to success together! 🌟
GOLD WEEKLY CHART MID/LONG RANGE ROUTE MAP UPDATEDWeekly GOLD Analysis: 3RD MARCH 2025
Hello Everyone,
Since October 2023, our gold price analyses have been consistently accurate. In the past week, gold reached our initial target of $2,877 and achieved a new all-time high (ATH) of $2,956, before retracing to the Gold Turn Level at $2,875. We previously noted that a bullish trend would be confirmed if the 5-period Exponential Moving Average (EMA5) crosses and holds above $2,877.95; otherwise, a reversal toward the Gold Turn levels was anticipated.
* We also stated The key level at $2,735 remains a critical zone. Active Gold Turn levels at $2,875 and $2,735 suggest that the price may revisit these areas before advancing to TP1 and beyond again.
* We also stated Fair Value Gap (FVG) provided strong support at $2,850, with the EMA5 approaching the first take-profit (TP1) level at $2,877, leading to a bullish surge that touched the all-time high. However, the EMA5 has yet to cross and stabilize above $2,877.
This worked to be perfectly as anticipated.
- This situation persists, with the EMA5 still not locked above $2,877, which is necessary for further bullish confirmation. If the EMA5 fails to cross and hold above this level, the price may reverse to test the KEY level at 2735 before potentially bouncing back upward.
Recommendations & Strategy:
* Focus on EMA5: Watch its behavior around 2877 for key signals on short- and long-term trades.
* Support Levels: GoldTurn levels at 2735 is vital for identifying reversal points and prime dip-buying opportunities.
Our ongoing analysis will continue to focus on these technical indicators to navigate the current market conditions effectively.
For precise entry and exit points, check our daily, 12H, 4H, and 1H analyses for clearer market guidance.
We’ll continue to provide daily updates, insights, and strategies on our TradingView and YouTube channels every Sunday. Don’t forget to like, comment, and share to support our work and help others benefit!
The Quantum Trading Mastery
Gold setup (XAU/USD) Chart analysis Gold (XAU/USD) Scenarios
*Market Overview:*
- Gold is currently trading around *$3,132.70*, maintaining its upward trajectory.
- The price remains *above key moving averages* (7, 21, and 50 EMA), signaling ongoing bullish strength.
*Critical Price Levels:*
- *Resistance Zone ($3,140-$3,145):* Price has tested this level but hasn’t managed to break through convincingly. A strong move above could open the door for further gains.
- *Support Area ($3,127-$3,130):* Holding above this region is crucial for buyers to maintain control.
- *50 EMA ($3,110.38):* Acts as a dynamic support; a drop below this level may indicate weakening momentum.
*Potential Scenarios:*
🔹 *Bullish Outlook:*
- A *decisive breakout* above *$3,145* could accelerate gains, pushing towards *$3,160-$3,170*.
- Increased buying pressure with strong volume would reinforce the uptrend.
🔻 *Bearish Outlook:*
- If Gold *fails to hold support* at *$3,127, we might see a pullback towards *$3,110** (50 EMA).
- A break below *$3,110* could shift sentiment, potentially leading to a dip toward *$3,070-$3,080*.
*Final Thoughts:*
Gold remains *bullish* but needs to clear resistance for further upside. If support holds, buyers may push higher; otherwise, a retracement could be in play.
Aurora: Bottom FormationThe Aurora stock continues to trade within the orange Target Zone (coordinates: C$6.84 – C$5.51) and should soon reach the low of the ongoing wave ii in orange. With the completion of this corrective movement, the foundation should be set for a sustainable rise in the corresponding wave iii. However, there is still a 38% probability that the stock will head for a new low below the support level at C$3.84 in the green wave alt. .
AUD/PLN Technical Analysis – Reversal Opportunity AUD/PLN Chart Analysis (1H) on TradingView 📊 🔴 Overall Trend: ➡️ The price is following a bearish trend 📉, trading below the 200 EMA (🔵 2.45308) and the 30 EMA (🔴 2.43309). ➡️ The market is showing selling pressure, but the price has reached a key support zone 🟣. 🟣 Support Zone (Possible Reversal) 🔵 Potential Entry: 📍 2.41633 (inside the support zone) 🔵 Stop Loss: ❌ 2.40157 (below support) 🔵 Take Profit: ✅ 2.46072 (near resistance and the 200 EMA) 📈 Movement Projection: 🔹 An upward movement of 1.82% 🚀 (0.04389 points) is expected. 🔹 To confirm the uptrend, the price must break above the 30 EMA 🔴 and the 200 EMA 🔵. 💡 Conclusion: 🔸 The chart suggests a buy strategy in the support zone with a target at the resistance. 🔸 If the price breaks the support, it could continue its decline 🚨.
GOLD - single supporting area , holds or not??#GOLD. well guys now we have 3112 as immediate supporting area and upside we have 3125 as immediate resistance area so keep close and if market hold 3112 then we can expect another bounce towards upside next targets.
keep in mind that 3112 is our single supporting area so if market clear that level then we will go for short means cut n reverse but on confirmation.
good luck
trade wisely
Gold (XAU/USD) Chart AnalysisGold (XAU/USD) Chart Analysis
**Current Price & Trend:**
- Gold is trading around **$3,132.70**, showing continued bullish momentum.
- The price is **above all key EMAs** (7, 21, and 50), confirming an **uptrend**.
**Key Levels:**
- **Resistance (~$3,140-$3,145)** → Price tested this level but struggled to break higher. A successful breakout could push Gold towards new highs.
- **Support (~$3,127-$3,130)** → The price is holding above this zone; if it remains stable, more upside is possible.
- **EMA 50 ($3,110.38)** → This acts as a dynamic support level. A break below it may signal weakness.
**Bullish Scenario:** 📈
- A **break above resistance** at **$3,140-$3,145** could trigger further upside.
- Volume increase would confirm strong buying momentum, with targets towards **$3,160-$3,170**.
**Bearish Scenario:** 📉
- If the price **fails to hold support** at **$3,127**, a pullback to the **EMA 50 ($3,110)** is likely.
- Breaking below **$3,110** could shift momentum bearish, targeting **$3,070-$3,080**.
**Conclusion:**
Gold remains **bullish** but is facing resistance. A breakout could push prices higher, while failure may lead to a correction. Traders should watch key levels for confirmation. 🚀
ExxonMobil: Toward the ResistanceExxonMobil: Toward the Resistance
As planned, XOM recently continued to rise with the magenta wave . We give this movement a bit more room, but another smaller corrective movement of wave should start below the resistance line at $126.34 before XOM ultimately surpasses this mark. Once the upward movement stalls below $126.34, it is important that the price doesn't fall too deeply afterward. After all, there is a 40% probability for our alternative scenario, where not wave in magenta but wave alt.2 in turquoise would develop its high – confirming an already established top of the overarching wave alt.(B) and, thus, a generally corrective scenario.
Trade analysis EURAUD 01.04.2025Hi,
very good patten /setup was form in EURAUD , this patten is very identical in forex/crypto/other market, usually built in TOP or bottom ..
comment if you find similar..
Do not ask for Buy or Sell tips.
I/We are not SEBI Registered Advisors. We don't provide any types of Buy/Sell signals. This is purely for educational and learning purposes. i/We shall not be responsible for your profit or loss. Please confirm with your financial advisor.
BTUSDT Analysis 01.04.2025, W- pattern HI,
W- pattern formed in 30 min Time frame ,
Do not ask for Buy or Sell tips .
I/We are not SEBI Registered Advisors. We don't provide any types of Buy/Sell signals. This is purely for educational and learning purposes. We shall not be responsible for your profit or loss. Please confirm with your financial advisor.
Triangle Breakout in JPY/USD – Bullish Move Ahead?This TradingView chart represents a detailed technical analysis setup for the Japanese Yen (JPY) against the U.S. Dollar (USD). The main focus of the chart is a symmetrical triangle pattern breakout, a common formation that signals potential price movement.
In this detailed breakdown, we will analyze the following aspects:
Technical Pattern: Symmetrical Triangle Formation
Support and Resistance Levels
Breakout Confirmation
Trading Setup Explanation
Risk Management Strategy
Market Expectations (Bullish & Bearish Scenarios)
Conclusion & Trading Plan
1. Technical Pattern: Symmetrical Triangle Formation
The chart showcases a symmetrical triangle, which is a continuation pattern that typically occurs in trending markets. It indicates a period of consolidation where buyers and sellers struggle for dominance, leading to an eventual breakout.
Characteristics of the Symmetrical Triangle in This Chart:
Converging Trendlines:
The upper trendline (resistance) is sloping downward, showing lower highs.
The lower trendline (support) is sloping upward, showing higher lows.
Apex Formation:
As the price moves closer to the triangle's apex, volatility decreases, creating a squeeze effect.
Breakout Possibility:
Once price reaches a critical point, a breakout is expected in either direction.
Why is This Pattern Important?
Symmetrical triangles suggest that the market is indecisive, but once a breakout occurs, it can trigger a strong price movement.
Traders wait for the breakout direction to confirm the trade before entering a position.
2. Key Support and Resistance Levels
Support and resistance levels are crucial for identifying potential entry, stop-loss, and target areas.
Resistance Level:
A horizontal resistance zone (highlighted in beige) is drawn at the top.
This zone represents historical price rejection levels, where sellers have previously stepped in.
A confirmed breakout above this level would indicate strong bullish momentum.
Support Level:
The lower support zone (marked in blue) acts as a buying interest area.
Price has bounced off this zone multiple times, confirming it as a strong support level.
A break below this zone would signal a bearish reversal.
Trendline Support:
The lower boundary of the symmetrical triangle also acts as dynamic support.
If price respects this trendline, it suggests bullish strength leading to a breakout.
3. Breakout Confirmation & Market Reaction
The most important part of the setup is the breakout, which occurs when the price successfully moves beyond the triangle's trendline resistance.
Key Observations from the Chart:
Breakout Zone:
The breakout occurs near the right edge of the triangle (circled in red).
The price breaks above the upper trendline, confirming a bullish breakout.
Confirmation Candle:
A bullish candle follows the breakout, confirming buying pressure.
Traders should wait for a retest of the trendline before entering.
Volume Consideration:
Strong breakout moves are typically accompanied by a rise in volume, increasing the likelihood of follow-through.
4. Trading Setup Explanation
This trade follows a trend-following breakout strategy, where traders capitalize on price momentum after confirmation.
Entry Point:
The ideal entry is just above the breakout candle.
Traders can also wait for a retest of the broken trendline before entering.
Stop Loss Placement:
The stop loss is placed slightly below the previous swing low at 0.006652.
This prevents excessive drawdowns in case of a false breakout.
Profit Target Calculation:
The profit target is set at 0.006795, which is calculated based on:
The height of the triangle formation projected from the breakout point.
The next major resistance level, aligning with historical price action.
5. Risk Management Strategy
Risk management is a critical component of any trading strategy. Here’s how it is applied in this setup:
Risk-to-Reward Ratio (RRR):
A good trade setup maintains an RRR of at least 2:1.
If the stop loss is 33 pips (0.000033) and the target is 112 pips (0.000112), the RRR is 3:1, making this a high-probability trade.
Position Sizing Consideration:
Risk per trade should be limited to 1-2% of the total account balance.
Leverage should be used cautiously, as breakouts can sometimes retest the breakout zone before continuing.
6. Market Expectations (Bullish & Bearish Scenarios)
Bullish Scenario (Successful Breakout):
✅ If price sustains above the breakout level, it will likely continue to rally toward the target at 0.006795.
✅ A strong bullish momentum candle would confirm further buying pressure.
✅ If volume supports the breakout, trend continuation is highly probable.
Bearish Scenario (False Breakout or Reversal):
❌ If price falls back inside the triangle, it indicates a false breakout.
❌ If price closes below 0.006652, bears take control, and price may drop further.
❌ A breakdown below the support level would shift the market sentiment bearish.
7. Conclusion & Trading Plan
This chart presents a classic symmetrical triangle breakout trade with a clear entry, stop-loss, and target strategy.
Summary of Trading Plan:
Component Details
Pattern Symmetrical Triangle
Breakout Direction Bullish
Entry Point Above the breakout confirmation candle
Stop Loss 0.006652 (below support)
Take Profit (Target) 0.006795
Risk-to-Reward Ratio Favorable (3:1)
Market Bias Bullish (if price sustains above breakout)
Final Considerations:
Always wait for confirmation before entering.
Monitor volume and price action for additional validation.
Stick to the risk management plan to minimize losses.
If executed correctly, this setup offers a high-probability trade with a strong risk-to-reward ratio, making it a profitable trading opportunity in the JPY/USD market.
Gold (XAU/USD) Technical AnalysisGold (XAU/USD) Technical Analysis
#### **Current Market Overview**
- **Price:** $3,092
- **Support Level:** $3,087 - $3,083
- **Resistance Level:** $3,095 - $3,100
- **Trend:** Uptrend continuation, with price holding above key EMAs
---
### **📈 Bullish Scenario**
- If the price **breaks above $3,095 - $3,100** resistance, expect further upside movement towards **$3,110 - $3,120**.
- The **rising trendline and EMA support** suggest buyers are in control.
- A strong close above resistance could trigger **momentum buying** and fuel a rally.
---
### **📉 Bearish Scenario**
- A **failure to break $3,100** may lead to a pullback towards **$3,087 - $3,083** support.
- If sellers push below this support zone, further downside towards **$3,076 and $3,065** is possible.
- Increased selling pressure may shift sentiment, leading to a correction.
---
### **Conclusion**
- **Above $3,095:** Bullish continuation toward higher levels.
- **Below $3,087:** Potential bearish correction before another leg up.
Gold (XAU/USD) Market OutlookGold (XAU/USD) Market Outlook
#### **Current Overview**
- **Current Price:** $3,092
- **Key Support Zone:** $3,087 - $3,083
- **Major Resistance Zone:** $3,095 - $3,100
- **Trend Direction:** Uptrend remains intact with price staying above key moving averages.
---
### **📊 Bullish Outlook**
- If the price **pushes past the $3,100 resistance**, we could see further gains targeting **$3,110 - $3,120**.
- The **upward trendline and moving average support** indicate that buyers are still dominating the market.
- A confirmed breakout above resistance could trigger additional buying momentum.
---
### **📉 Bearish Outlook**
- If the price **fails to clear $3,100**, a retracement towards **$3,087 - $3,083** support may occur.
- A **drop below this level** could extend losses toward **$3,076 and potentially $3,065**.
- Increased selling pressure at resistance might lead to a short-term decline.
---
### **Final Thoughts**
- **Above $3,095:** Expect bullish continuation and new highs.
- **Below $3,087:** A pullback could develop before the next move.
Traders should monitor price behavior around these key areas to confirm the next direction. 🚀📉
EUR/CAD long setup (Falling wedge pattern)**EUR/CAD (Euro/Canadian Dollar) currency pair** on a **1-hour timeframe**. Here are the key details:
**Chart Analysis:**
1. **Pattern Identified:**
- A **falling wedge** pattern has been detected, which is generally a **bullish reversal** signal.
- The price has broken out of the wedge, confirming the reversal.
2. **Exponential Moving Averages (EMAs):**
- **EMA 7 (Purple):** 1.54373
- **EMA 21 (Blue):** 1.54117
- **EMA 50 (Yellow):** 1.54102
- Price is now **above these EMAs**, indicating a possible uptrend continuation.
3. **Price Action:**
- The breakout has led to a strong bullish move.
- The **target** is marked above the breakout point, suggesting further upside potential.
- Current price: **1.54411**
4. **Volume Insight:**
- Volume increased during the breakout, confirming buying pressure.
**Conclusion:**
- The falling wedge breakout suggests **bullish momentum** in EUR/CAD.
- If price sustains above the EMAs, it could reach the marked **target zone**.
- Watch for **support at 1.541** and resistance near the **target level**.
The **target** after the **falling wedge breakout** is marked on the chart and appears to be around **1.5480 - 1.5500**.
**Key Levels to Watch:**
- **Support:** 1.5410 (EMA 50)
- **Resistance/Target:** Around **1.5480 - 1.5500**
If momentum continues, price may reach this **target zone**.
The ideal **stop-loss (SL)** for this EUR/CAD trade should be placed **below the breakout zone** of the falling wedge to minimize risk.
**Suggested SL Levels:**
1. **Conservative SL:** **1.5400** (Below EMA 50 & breakout structure)
2. **Aggressive SL:** **1.5375** (Below the last swing low inside the wedge)
XAUUSD Breaking Records: Bull & Bear Setups for the New Month 🔥 Attention all traders!🔥
XAUUSD is on fire, breaking records with power! Here’s the latest update:
🔻 Bearish Outlook: Watch for a potential dip below the 3076-3078 range. If it falls, targets like 3050 and 3030 could be in play. Keep an eye on these support zones! 👀
🔺 Bullish Outlook: A breakout above this range could open up buying opportunities! Look for price action above 3084 with targets at 3097 and 3110. 🚀
New Month Open Candle: As we step into a new month, keep a close watch on the market open candle 📅. This could set the tone for the next move!
💡 Risk Management** is key! Always trade smart and protect your capital! 💰
Join the discussion and share your thoughts! Let's ride this golden wave together! 🌟
NZDUSD Long✅ NZD/USD Long Setup
Entry: 0.5520
Stop Loss (SL): 0.5375 (below historical multi-decade support and spike lows — gives room for volatility)
Take Profits (TPs):
TP1: 0.6000 (psychological + historical S/R level)
TP2: 0.6200 (structural supply level)
TP3: 0.6400 (historical resistance zone + cycle high area)
XAU/USD Chart Analysis (GOLD)XAU/USD Chart Analysis
1️⃣ Current Price Action:
- Gold (XAU/USD) is trading around **$3,073.42**.
- The price is consolidating after a strong upward move.
2️⃣ Key Indicators:
- **EMA (7) at $3,073.27** (short-term trend)
- **EMA (21) at $3,069.34** (medium-term trend)
- **EMA (50) at $3,061.97** (long-term trend)
- Price is currently above all three EMAs, indicating a bullish trend.
3️⃣ Potential Scenarios:
📈 **Bullish Case (Green Path)**:
- If the price holds above **$3,065–$3,073**, a rally towards **$3,080–$3,100** is likely.
- Buyers may step in at the trendline support.
📉 **Bearish Case (Red Path)**:
- If the price breaks below **$3,065**, a move towards **$3,050–$3,040** could occur.
- Increased selling pressure could push gold lower, especially if key support zones fail.
4️⃣ Trading Strategy:
- **Buy on dips** near **$3,065–$3,073** with targets at **$3,080–$3,100**.
- **Sell below** **$3,065** if confirmed, targeting **$3,050–$3,040**.
- Watch **volume and price action** for confirmation of direction.
🚀 **Final Thought:** Bulls are in control, but a break below $3,065 may shift momentum to the bears.
Gold (XAU/USD) Trading Strategy Gold (XAU/USD) Trading Strategy
**📈 Bullish Strategy (Long Trade)**
**Entry:**
- Look for a **bounce** from the **$3,071 - $3,072 support zone** or **$3,063 S2 support level**.
- Confirmation signals:
- A **bullish candlestick pattern** (e.g., engulfing or pin bar) near support.
- Price holds above **7 EMA ($3,071)** and **21 EMA ($3,063)**.
**Stop-Loss (SL):**
- Below the **S2 support zone at $3,060** (to avoid fake breakouts).
**Take-Profit (TP) Levels:**
1. **First Target:** $3,080 (recent high)
2. **Second Target:** $3,090
3. **Extended Target:** $3,100+ if momentum continues
**Risk-Reward Ratio:**
- Aim for a **1:2 or 1:3** ratio, risking 10-15 points for 20-30 points profit.
---
**📉 Bearish Strategy (Short Trade)**
**Entry:**
- If gold **breaks below $3,063 (S2)** with strong bearish momentum and volume.
- Confirmation signals:
- A **break and retest** of $3,063 as new resistance.
- Price trading below **50 EMA ($3,052)**.
**Stop-Loss (SL):**
- Above the $3,072 level (previous support turned resistance).
**Take-Profit (TP) Levels:**
1. **First Target:** $3,052 (50 EMA)
2. **Second Target:** $3,040
3. **Extended Target:** $3,020 (key psychological level)
**Risk-Reward Ratio:**
- Ensure at least a **1:2 ratio**, risking 10-15 points for 20-30 points profit.
Additional Trading Tips
- **Wait for confirmation**: Don't enter trades too early—wait for candlestick confirmation at key levels.
- **Watch volume:** Higher volume increases trade reliability.
- **Monitor news & fundamentals:** Major US economic data and Fed speeches can impact gold prices.
- **Adjust SL & TP dynamically**: Use trailing stops if the trade moves in your favor.
BTC - Is BTC going lower?Since the end of January 2025, BTC has been in a downtrend. However, over the last couple of weeks, BTC has been following an upward trend (rising wedge). This rising wedge has now been broken, as it tested the downward sloping trendline that has been in place since the end of January.
On the daily timeframe, the Stochastic RSI is crossing down from the overbought zone, indicating that the momentum is shifting to the downside. This suggests that bearish pressure could persist in the coming days or even weeks.
While it is possible that BTC could recover from this level and target higher prices. however, my base case is that BTC will continue to form a bearish structure over the next few days or weeks, potentially making a higher low or even a lower low. Time will reveal how the price action unfolds. Until then, the bias remains bearish unless proven otherwise.
It is important to be aware of your risk management when opening positions at this moment, as market conditions can be volatile and unpredictable.
Thanks for your support.
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USD/CAD Bearish Trade Setup – Resistance Rejection & Target ProjUSD/CAD Bearish Trade Setup – Key Resistance & Target Projection
Analysis:
Timeframe: 30-minute chart
Current Price: 1.43248
Indicators:
EMA (200, Blue): 1.43024 (Key Dynamic Support)
EMA (30, Red): 1.43142 (Short-term trend)
Resistance Zone (Supply Area): 1.43300 - 1.43450
Support Level (Rejection Zone): 1.43085 - 1.43024
Trade Setup:
Entry Zone: Around the rejection level near 1.43142
Stop Loss: 1.43435 (Above the resistance zone)
Take Profit Target: 1.42355 (EA Target Point)
Projection:
Price is expected to reject the resistance zone, drop below the 200 EMA, and test the lower target at 1.42355.
If price confirms rejection at resistance, a short (sell) opportunity is valid.
A break above the stop-loss level could invalidate the bearish bias.
Conclusion:
Bearish momentum is anticipated if price respects the resistance zone.
Confirmation from price action (candlestick patterns) will strengthen the trade setup.
Render: Running on Empty?Render has climbed nearly 50% since the low in the second week of March but lost notable ground recently. The price remains within our magenta Target Zone between $5.43 and $1.81 and could still dip toward the lower boundary as it works toward completing the turquoise wave 2. Once a sustainable bullish reversal takes hold, we expect a strong rally in the turquoise impulse wave 3, which should target new all-time highs. The resistance at $11.88, which marks the top of the magenta wave from early December, should be surpassed decisively as momentum builds.