Chart Patterns
GPS recalculating, HSI is finding its way back to the bull routePEPPERSTONE:HK50
D chart : it tries to returning into uptrend channel.
HSI:HSI
D Chart
We look forward to see it at 24192, 24385! Let's continue to monitor.
W Chart PEPPERSTONE:HK50
in 1H 4H chart mentioned the Index is intact and in the Bullish runway!
Look at longer term and trade zen-ly!
Cultivating and nurturing your trading mindset:
Pay attention to your trading strategy becoming a great trader but not profits from one trade.
Happy Trading Everyone.
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Gold Extends Three-Day Rally Amid Economic Weakness, Trade UncerGold has posted three consecutive sessions of gains this week as markets react to a combination of weak economic data, prolonged trade tensions, and resurging geopolitical risks.
U.S Economic Data Signals Slowdown
The latest U.S economic reports continue to point toward a weakening outlook. February’s ADP Non-Farm Employment Change came in at just 77,000, significantly below expectations of 141,000 and the prior month’s 186,000. This suggests a cooling labor market, raising concerns about the pace of economic growth. Meanwhile, the S&P Global Services PMI exceeded forecasts but remains insufficient to restore confidence in a sustained economic recovery.
Trade Tensions Remain a Market Headwind
A temporary relief came as President Trump announced a delay in tariffs on imported automobiles from Mexico and Canada. However, this reprieve is short-lived, with tariffs set to be reassessed on April 2, leaving uncertainty in place. Furthermore, unresolved trade tensions with China continue to weigh on market sentiment, keeping investors cautious and supporting safe-haven demand for gold.
Geopolitical Risks Drive Safe-Haven Flows
On the geopolitical front, tensions have escalated following the U.S. decision to halt military aid to Ukraine. At the same time, NATO has reinforced its military presence and reaffirmed support for Ukraine, increasing investor fears of a potential conflict escalation. These developments have further fueled demand for gold as a hedge against geopolitical instability.
Market Focus Shifts to Key Economic Data
As the week progresses, investors will closely monitor upcoming economic reports, particularly the Non-Farm Payrolls (NFP) and unemployment rate. These data releases could have a significant impact on gold’s trajectory and broader financial markets. A weaker-than-expected jobs report may reinforce expectations of economic slowdown, strengthening gold’s bullish momentum, while a robust reading could temper the metal’s gains.
Gold’s recent rally underscores its resilience as a safe-haven asset amid macroeconomic and geopolitical uncertainties. The short-term outlook remains bullish, with market dynamics favoring continued strength unless a significant shift in economic conditions or policy direction emerges.
DXY Dollar Index OutlookThis is my current Elliott Wave count for the DXY Dollar index. I have a couple of variations which I will share but this one sees a decline starting with a leading diagonal in red wave 1 which is close to completion. May see a pull back in red 2 before a strong move lower in 3. The alternative is a nesting 1,2,1,2. If that's the case then a strong decline could continue from here.
BTC Ready for a Big Move?Technical Breakdown:
#BTC is forming a harmonic pattern on the 30-minute time frame, signaling a potential bullish reversal.
Bullish divergence is developing, which strengthens the case for an upward move.
The key resistance level is acting as a barrier. A break and close above this level will confirm a bullish breakout.
Trading Plan:
🔹 Wait for bullish divergence confirmation.
🔹 Monitor the breakout of resistance.
🔹 If a candle closes above resistance, enter a long position with proper risk management.
🔹 Target levels: 93700
🔹 Stop-loss below recent lows for a safe risk-reward ratio.
[INTRADAY] #BANKNIFTY PE & CE Levels(05/03/2025)Today will be flat opening expected in index. After opening it will trade in between the 400+ points range from 48050-48400 points. Any strong upside rally only expected above 48550 level. Downside 48050 level will act as a important support for today's session. Any major downside rally only expected below 47950 level.
BTCUSDT the ''99k, door a corridor to $75,000 🔻 BTC/USDT Sell Zone 🔻
📉 Entry: 93,000
🎯 Take Profit Targets:
✅ TP1: 90,000
✅ TP2: 85,000
✅ TP3: 80,000
✅ TP4: 73,000 (Final Target)
📍 Target: 73,000
📊 Timeframe: D1 (Daily Chart)
⚠ Risk management advised. Set SL accordingly.
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Let me know if you need any tweaks! A sell zone around $93,000 on the BTC/USDT D1 chart suggests you're expecting resistance or a reversal near that level. Here are some key factors to consider:
Confirmation Signals for a Sell at $93K:
1. Key Resistance: Check if $93K aligns with previous supply zones, Fibonacci levels, or trendline resistance.
2. Overbought Conditions: RSI above 70 or divergence could confirm a potential reversal.
3. Volume Analysis: Weak buying momentum or large sell orders appearing in order books.
4. Candlestick Patterns: Look for bearish engulfing, shooting star, or other reversal signals.
5. Moving Averages: If price is extended far above key MAs (e.g., 50D, 200D), it could indicate a pullback.
Potential Sell Scenarios:
Rejection at $93K: A strong bearish reaction could confirm the level.
Fakeout & Reversal: Price wicks above but closes below on high timeframes.
Breakout & Retest: If $93K is broken, wait for a retest and rejection to confirm weakness.
Are you targeting a specific downside level after rejection, like $85K or $80K?
SOUN: Key Support in FocusSoundHound has remained on a downward trajectory, and now all eyes are on the SMA 200 as the next key support level. With the stock approaching this level, how it reacts here will be critical in determining the next move.
A strong bounce here could indicate some stabilization, while a decisive break below would suggest continued downside pressure. Keeping a close watch to see if buyers step in or if this support fails to hold.
Stay tuned. 👀
NZDUSD Analysis Today: Technical and Order Flow !In this video I will be sharing my NZDUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
50-50 set up in the S&P 500 daily chartThe market will be focusing and scrutinizing on the Trump presentation to Congress. It will be searching for positive news with regard to tariffs, Ukraine and Israel. The expectation is the current lower levels would be attractive to buyers entering the market. However it will be the markets interpretation of the Trump presentation to Congress as the filter to determine if buyers will follow through.
Bitcoin could keep falling!Recent developments have significantly influenced Bitcoin's market sentiment. Following President Donald Trump's announcement of establishing a U.S. Crypto Strategic Reserve, Bitcoin experienced a surge, reaching highs of approximately 94,834. However, these gains were not sustained, with prices retracting to around 86,000, reflecting a degree of market skepticism regarding the reserve's impact.
Current trading data shows Bitcoin priced at 83,748 (open) from the previous close. The day's trading range has seen a high of 93,666 and a low of 82,521.
Looking ahead, forecasts suggest a cautiously optimistic bearish outlook for Bitcoin.
There is enthusiasm for 96K, but challenges remain regarding market volatility to drive prices toward new highs.
In conclusion, while recent announcements have provided short-term boosts to Bitcoin's value, the market remains influenced by the 86K resistance bearish pressure zone.