$SOXL $SOXX BOTTOMED (ASCENDING TRIANGLE)An ascending triangle is a bullish breakout pattern that occurs when the price breaks through the upper horizontal trendline with increasing volume. The upper trendline is horizontal, showing nearly identical highs that create a resistance level. Meanwhile, the lower trendline slopes upward, indicating higher lows as buyers gradually increase their bids. Eventually, buyers become impatient and push the price above the resistance level, triggering further buying and resuming the uptrend. The upper trendline, which previously acted as resistance, then becomes a support level.
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Technological Backbone: Semiconductors power essential technologies like smartphones, computers, cars, and medical devices. They are integral to almost everything with an on/off switch. The semiconductor industry aka NASDAQ:SOXX significantly contributes to the U.S. economy. It supports millions of jobs and drives innovation in various sectors, including artificial intelligence, biotechnology, and clean energy.
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BUY NOW AND HOLD
Chart Patterns
GOLD MAY BE TARGETING $2,833 I have been in the current bearish trend since above $3,160 and if this bearish momentum continues, We might see price hit the Bullish OB in the discount zone on my Chart and if that continues after reasonable and valid pull back probably next week, then we may just see Gold retest $2,830 - $2,833 zone
CDW - CDW Corp. (Weekly chart, NASDAQ) - Long PositionCDW - CDW Corp. (Weekly chart, NASDAQ) - Long Position; Mid-term research idea.
Risk assessment: Medium {support structure and market structure integrity risk}
Risk/Reward ratio ~ 2.91
Current Market Price (CMP) ~ 146
Entry limit ~ 138 on April 04, 2025
1. Target limit ~ 154 (+11.59%; +16 points)
2. Target limit ~ 164 (+18.84%; +26 points)
3. Target limit ~ 170 (+23.19%; +32 points)
Stop order limit ~ 127 (-7.97 %; -11 points)
Disclaimer: Investments in securities markets are subject to market risks. All information presented in this group is strictly for reference and personal study purposes only and is not a recommendation and/or a solicitation to act upon under any interpretation of the letter.
LEGEND:
{curly brackets} = observation notes
= important updates
(parentheses) = information details
~ tilde/approximation = variable value
-hyphen = fixed value
Levels to watch for potential scalps! Key BTC Levels Breakdown:
88,752: Major resistance - previous rejection + monthly close below
86,033: High volume node + multiple rejections last week
84,903: Key pivot point - flips between support/resistance frequently
82,927: Current consolidation zone - high volume trading area
81,955: Strong support - multiple bounces + volume profile support
79,976: Critical support - monthly support + high volume node
Trading these:
Shorts: Look for rejections at 86k/88.7k with volume
Longs: Clean bounces off 81.9k/79.9k with volume
Chop zone: 82-84k = scalp territory
Keep in mind:
Wait for confirmation
Volume tells the story
Don't trade between levels
Clean breaks = better trades
SONIC road map !!!The SONIC will increase FIVE cents and reach to the top of the wedge in the coming weeks.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
JPY/USD – Rising Wedge Breakdown & Bearish Trading Setup1. Market Structure & Technical Pattern:
The Japanese Yen (JPY) against the U.S. Dollar (USD) has been exhibiting a clear Rising Wedge Pattern over the past few months. This is a classic bearish reversal pattern, indicating that buying momentum is gradually weakening, and a strong decline is likely to follow.
Formation of the Rising Wedge:
The price has been making higher highs and higher lows, confined within two converging trendlines (black lines).
The lower boundary (support trendline) has been consistently acting as a dynamic support level.
The upper boundary (resistance trendline) has been limiting further upward movement, indicating exhaustion of buying pressure.
Breakout Confirmation:
The price action tested the resistance zone multiple times but failed to sustain bullish momentum.
A strong rejection from the upper resistance level led to a sharp sell-off, causing a breakdown of the support trendline.
Once the price broke below the wedge, selling pressure intensified, confirming the trend reversal.
2. Key Technical Levels & Zones:
Resistance Level (0.006895):
The price previously struggled to break above this resistance zone, forming a strong supply area where sellers dominated.
This level aligns with the upper boundary of the rising wedge, making it a significant turning point.
The rejection from this zone initiated the bearish breakdown.
Support Level (Broken – 0.006650):
This level acted as a strong demand zone, preventing further downside movement during the wedge formation.
However, once the price broke below this level, it confirmed the end of the uptrend and the beginning of a downtrend.
This level may now act as a new resistance (role reversal principle).
Stop Loss Placement (Above 0.006895):
A logical stop-loss is placed just above the resistance level to protect against a potential invalidation of the bearish setup.
If the price closes above this level, the bearish thesis would be invalidated.
3. Trading Execution & Risk Management:
Sell Entry Strategy:
Traders looking for short positions should enter after a confirmed break below the wedge’s support.
A potential pullback (retest) to the broken trendline could offer an additional shorting opportunity.
The retest would confirm the previous support turning into resistance before a continuation of the downtrend.
Take Profit Targets (TP1 & TP2):
TP1 (0.006481):
This level represents a strong demand zone where short-term buyers may step in.
Traders may choose to book partial profits here.
TP2 (0.006251):
This is a deeper support level and the final target for this trade setup.
If the price sustains bearish momentum, it is likely to reach this level before stabilizing.
Risk-to-Reward Ratio Consideration:
This setup offers a high probability short trade with an attractive risk-to-reward ratio.
The stop-loss is well-defined, minimizing potential losses while maximizing profit potential.
4. Expected Price Movement & Projection:
Short-term Outlook:
A possible pullback to the broken wedge (previous support now acting as resistance) before continuation lower.
If the price retests and rejects the 0.006650 level, expect acceleration in the downtrend.
Medium-term Outlook:
If the price reaches TP1 (0.006481) and breaks below, it increases the probability of hitting TP2 (0.006251).
A bearish trend continuation could form, potentially leading to further downside levels.
Invalidation Scenario:
If the price closes above the stop-loss level (0.006895), the bearish setup is invalidated, and a bullish breakout could follow instead.
5. Conclusion & Trading Plan:
The rising wedge breakdown signals a shift from bullish to bearish market sentiment.
Traders should look for short entries after a confirmed breakdown or wait for a pullback before executing trades.
The risk-to-reward ratio makes this a strong high-probability trade setup.
Following the plan with strict stop-loss placement ensures risk is controlled while maximizing profit potential.
6. Summary & Key Takeaways:
✅ Pattern: Rising Wedge (Bearish Reversal)
✅ Breakout Direction: Downside
✅ Resistance Level: 0.006895
✅ Support Levels: 0.006650 (broken), 0.006481 (TP1), 0.006251 (TP2)
✅ Stop-Loss Placement: Above 0.006895
✅ Profit Targets: TP1 – 0.006481, TP2 – 0.006251
✅ Trade Bias: Bearish
XAU/USD(20250404) Today's AnalysisMarket news:
Countermeasures from many countries against the United States - ① It is reported that Europe will slow down the pace of tariff retaliation; EU member states will vote on countermeasures against US steel and aluminum tariffs on April 9; ② Macron said that the response to US tariffs will be larger than before, and called on French companies to suspend investment in the United States. France may plan to impose retaliatory tariffs on large US technology companies. ③ Canadian Prime Minister Carney: Canada will impose a 25% tariff on all cars imported from the United States that do not comply with the US-Mexico-Canada Agreement.
Today's buying and selling boundaries:
3111
Support and resistance levels
3224
3182
3155
3068
3044
2999
Trading strategy:
If the price breaks through 3155, consider buying, the first target price is 3182
If the price breaks through 3111, consider selling, the first target price is 3068
CHF/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
CHF-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 169.279 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the CHF/JPY pair.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Fri 4th Apr 2025 XAG/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAG/USD Sell. Enjoy the day all. Cheers. Jim
Gold retreats but remains supported by macro tailwindsXAUUSD pared recent gains following a retreat below the channel's upper bound and resistance at 3150. The price remains in an uptrend, holding above the Ichimoku Cloud and within the ascending channel. However, should the price experience a retracement, a throwback to the 3050 support may occur. Conversely, regaining its bullish momentum and closing above 3150 could prompt a further rise to the following resistance at 3220.
Gold pulled back sharply from record highs after Trump's tariffs excluded precious metals, easing immediate supply concerns, but the broader backdrop remains favorable. Central bank buying, expectations of rate cuts, and persistent geopolitical risks underpin demand, even as short-term profit-taking kicks in. While volatility may persist, the metal's role as a hedge against inflation and economic uncertainty keeps its long-term bullish case intact.
By Li Xing Gan, Financial Markets Strategist Consultant to Exness
GOLD Bullish Trend Continues After FVG Test🟢 GOLD is maintaining strong bullish momentum after successfully testing a Fair Value Gap (FVG). A Break of Structure (BOS) confirms the uptrend, with higher lows forming—a clear sign of continuation.
📊 Analysis:
✅ Bullish Trend: The price structure confirms an uptrend with higher highs and higher lows.
✅ Fake Reversal Break of Structure (BOS): A key level has been broken, signaling reversal but based on current momentum that follows it shows Buyers continued strength.
✅ FVG Test Success: Price respected the Fair Value Gap, reinforcing buying pressure.
✅ 🎯 Target: , aligning with .
✅ 📈 Momentum: Strong upward drive suggests further gains ahead.
🔮 Potential Scenario:
The price is likely to continue climbing, forming a new higher high toward the target level.
📢 Confirmation Signals to Watch:
📌 Volume: Increasing volume on bullish moves.
📌 Candlestick Patterns: Bullish signals at key support levels.
📌 Moving Averages: Price holding above critical moving averages.
📌 🚨 Disclaimer: This is not financial advice. Trade responsibly and conduct your own research.
🔗 Tags:
#GOLD #XAUUSD #Bullish #TechnicalAnalysis #TradingView #FVG #BreakOfStructure #TrendAnalysis #PriceAction #MarketAnalysis