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Bitcoin: RecoveryBitcoin recovered and surged back above $67,000 this morning. From a technical perspective, it is quite possible that the price is already working on green wave alt.5. However, only a breakout above the last all-time high at $73,808 will confirm this alternative scenario (40% likely). Primarily, we continue to expect a renewed sell-off into our green Target Zone between $58,655 and $47,012 before the green wave 4 is completed and the rise toward new record highs is on the cards.
BINANCE:BTCUSD
by MarketIntel
#gold cup and handle chart patternAs seen in the chart, there is a strong resemblance between the textbook cup and handle chart pattern formation and the pattern we are observing in the 4H timeframe gold chart. As a result, there is a possibility that after the current bearish corrective move finishes, we might witness another rally to the upside. The only drawback to the chart pattern formation in gold, compared to the textbook example, is that the bearish move has formed a 5-wave impulse rather than a 3-wave corrective abc formation. We could interpret this as an abc zigzag formation, but for this pattern to complete, we need a 3-wave bullish up move followed by another bearish move to complete leg c of an abc corrective bearish move, as illustrated in the chart with an arrow. Let me know if you would like me to publish an analysis in a lower timeframe on this chart to take advantage of this rally.
TVC:GOLDLong
by mohemati
Bullish Bearish Gold #GOLD #FVG #SUPPLYDEMANDCurrent Market Context Recent Trend: A significant downtrend with large red candles indicating strong selling pressure. Support and Resistance Levels: Support: Around 2,377.45 to 2,380. Resistance: Around 2,402 to 2,403.65. Potential Entry Points Bullish Entry Points: Support Bounce (Demand Order Block): Entry: Enter a long position around the support area of 2,377.45 to 2,380, if you see bullish reversal patterns (e.g., bullish engulfing, hammer) or strong buying volume. Stop Loss: Place a stop loss slightly below the support level, for example, around 2,370 to limit potential losses. Take Profit: Target the resistance area around 2,402 to 2,403.65 or previous highs for potential profit-taking. Bearish Entry Points Resistance Rejection (Supply Order Block): Entry: Enter a short position around the resistance area of 2,402 to 2,403.65, if you see bearish reversal patterns (e.g., bearish engulfing, shooting star) or strong selling volume. Stop Loss: Place a stop loss slightly above the resistance level, for example, around 2,410 to limit potential losses. Take Profit: Target the support area around 2,377.45 to 2,380 or previous lows for potential profit-taking. Chart Analysis Given the recent downtrend and strong selling pressure: Bearish Bias: The overall trend appears bearish due to the significant downward movement. Best Entry for Bears: The best entry point for a bearish position would be around the identified resistance level of 2,402 to 2,403.65. Wait for confirmation of resistance holding, such as a bearish candlestick pattern or increased selling volume. Trade Setup Bearish Trade Setup Resistance Area (Supply Order Block): Entry: Around 2,402 to 2,403.65. Stop Loss: Above 2,410. Take Profit: Around 2,377.45 to 2,380. Bullish Trade Setup If you are looking for a counter-trend trade (riskier): Support Area (Demand Order Block): Entry: Around 2,377.45 to 2,380 if there is a clear bullish reversal signal. Stop Loss: Below 2,370. Take Profit: Initial target around 2,402 to 2,403.65. Key Indicators and Confirmation Volume: Look for increased volume at the support/resistance levels to confirm the entry. Candlestick Patterns: Wait for strong reversal patterns like engulfing patterns, pin bars, or hammer/shooting star. Conclusion Best Entry for Bears: Around 2,402 to 2,403.65 (Resistance). Best Entry for Bulls: Around 2,377.45 to 2,380 (Support), but this is riskier due to the current bearish trend.
OANDA:GOLD.PRO.OTMS
by Charl_Van_Zyl
CMS Infosystem Might become your favorite pick of the yearCMS Info Systems Ltd. has shown significant price movement. Recent Performance: The stock increased by 3.18%. Support and Resistance Levels: - Support: ₹502.90 - Resistance: ₹565.25 Moving Averages: - 10 EMA: ₹526.12 Key Financial Metrics: - PE Ratio: 21.75 - EPS: ₹24.74 - Market Cap: ₹8,750 Crores - Recent Earnings: FY 2023-2024 revenue ₹3,250 Crores, with PAT of ₹275 Crores Entry, Exit, and Stop Loss: - Entry Point: Above ₹540 if signs of recovery are shown - Exit Point: Near ₹565 (resistance level) - Stop Loss: At ₹510 Disclaimer - Not a Buy/Sell Recommendation.
NSE:CMSINFOLong
by Trendxinc
Disney: Test Of StrengthOn the Disney chart, bulls and bears are currently engaged in a trial of strength within our magenta Target Zone (between $101.24 and $88.36). The price has already tested the 61.80% retracement once, but has since remained above this level. Primarily, we expect further sell-offs and, accordingly, a lower low of the magenta wave (2) in our Target Zone. Once this low is set, the stock should turn upward in order to continue the current upward trend. However, we now consider it 37% likely that the magenta wave alt.(2) has already been completed and that the stock will break out directly above the resistance at $110.62.
NYSE:DISLong
by MarketIntel
Charting the Markets: Top 10 Technical Analysis Terms to KnowWelcome, market watchers, traders, and influencers to yet another teaching session with your favorite finance and markets platform! Today, we learn how to marketspeak — are you ready to up your trading game and talk like a Wall Street pro? We’ve got you covered. This guide will take you through the top technical analysis terms every trader should know. So, kick back, grab a drink, and let’s roll into the world of candlesticks, moving averages, and all things chart-tastic! 1. Candlestick Patterns First up, we have candlesticks , the bread and butter of any chart enthusiast. These little bars show the opening, closing, high, and low prices of a stock over a set period. Here are some key patterns to recognize next time you pop open a chart: Doji : Signals market indecision; looks like a plus sign. Hammer : Indicates potential reversal; resembles, well, a hammer. Engulfing : A larger candle engulfs the previous one, suggesting a momentum shift. Want these automated? There's a TradingView indicator for that. 2. Moving Averages (MA) Next, we glide into moving averages . These are practically lines that smooth out price data to help identify trends over time. Here are the big players: Simple Moving Average (SMA) : A straightforward average of prices over a specific period of days. Exponential Moving Average (EMA) : An average of prices but with more weight to recent prices, making it more responsive to new information. 3. Relative Strength Index (RSI) The RSI is your go-to for spotting overbought and oversold conditions. Ranging from 0 to 100, a reading above 70 means a stock might be overbought (time to sell?), while below 30 suggests it could be oversold (time to buy?). Super common mainstay indicator among traders from all levels. 4. Bollinger Bands Bollinger Bands consist of a moving average with two standard deviation lines above and below it. When the bands squeeze, it signals low volatility, and when they expand, high volatility is in play. Think of Bollinger Bands as the mood rings of the trading world! 5. MACD (Moving Average Convergence Divergence) The MACD is all about momentum. It’s made up of two lines: the MACD line (difference between two EMAs) and the signal line (an EMA of the MACD line). When these lines cross, it can be a signal to buy or sell. Think of it as the heartbeat of the market. 6. Fibonacci Retracement Named after a 13th-century mathematician, Fibonacci retracement levels are used to predict potential support and resistance levels. Traders use these golden ratios (23.6%, 38.2%, 50%, 61.8%, and 100%) to find points where an asset like a stock or a currency might reverse its direction. 7. Support and Resistance Support and resistance are the battle lines drawn on your chart. Support is where the price tends to stop falling — finds enough buyers to support it — and resistance is where it tends to stop rising — finds enough sellers to resist it. Think of these two levels as the floor and ceiling of your trading room. 8. Volume Volume is the fuel in your trading engine. It shows how much of a stock is being traded and can confirm trends. High volume means high interest, while low volume suggests the market is taking a nap from its responsibilities. 9. Trend Lines Trend lines are your visual guide to understanding the market’s direction. Technical traders, generally, are big on trend lines. You can draw them by connecting at least a couple of lows in an uptrend or at least a couple of highs in a downtrend. They help you see where the market has been and where it might be headed. 10. Head and Shoulders No, it’s not shampoo. The head and shoulders pattern is a classic reversal pattern. It consists of three peaks: a higher middle peak (head) between two lower peaks (shoulders). When you see this take shape in your chart, it might be time to rethink your position. What’s Your Favorite? So there you have it, a whirlwind tour of the top technical analysis terms that’ll help your trading yield better results and, as a bonus, make you sound like a trading guru. What’s your favorite among these 10 technical analysis tools? Share your thoughts in the comments below!
Education
by TradingView
18
Gold Bullish Potential with Cup and Handle PatternGold on the 4-hour chart has formed a classic cup and handle pattern, indicating a potential bullish continuation. Currently, the price is testing the $2,458 resistance level. A successful breakout above this level could signal a strong buying opportunity, targeting the next resistance levels at $2,500 and beyond. However, if the price pulls back for a handle formation, look for a retest around $2,420 as a secondary buying opportunity. Ensure to set stop losses below the handle's low to manage risk effectively.
OANDA:XAUUSDLong
by JoeSignals