Chart Patterns
BTC on the Daily: Bearish Structure Locked In?So, on the daily, price is in a clear bearish context.
PSAR is bearish
MLR < SMA < BB center
We're about to close below the 50MA
Price already broke below the Higher Lows trendline and the December 2024 top
At this point, it all depends on the macro situation and the FOMC tone tonight.
If the outcome is positive, there's a chance price rebounds.
If not, the chart looks ready to dive.
Gold falls back to bullish trendAnalysis of gold trend:
This week, after gold opened at 3450, it gradually fell to 3365, with a range of 100 US dollars. Although the main force of the two trading days was a decline, the bullish trend remained unchanged. In an uncertain environment, there is still a chance of a big rise in the future. From the 4-hour gold chart, gold has continuously appeared in the form of a negative line, and the price continues to run below the short-term moving average, and the short-term moving average forms a downward resistance. It suggests that the bears may continue the downward trend. However, the lower track of the Bollinger band provides some support, so at the 4-hour level, the bears are dominant and gold may continue to extend downward.
The range performance in the 4-hour chart is obvious. On Tuesday, it fell sharply to 3365, which is just the support point of the lower Bollinger track. The performance of weak fluctuations is temporarily below the H4 Bollinger middle track. The range in the short term is 3405-3365. If it breaks 3405 upward, then the 4-hour chart becomes stronger and 3450 can be seen above. This possibility is very high because the market will have performance news at any time. However, if it falls below 3365, there is still a possibility of going to 3350 in the daily cycle. Therefore, there is actually no absolute certainty for gold in this cycle. For the intraday market, it is recommended to accumulate in the short term. In the case of no new lows, the 3370 support is an opportunity to go long. If it does not break 3405 above, it is necessary to break 3405 in the short term to get out of the trend strength.
Gold operation strategy:
1. Short gold rebounds near 3395-3393, stop loss 3403, target 3370-3364;
2. It is recommended to buy gold when it falls back to around 3370, with a stop loss of 3360 and a target of 3390-3400;
We draw a pennant on the semi-annual chart
It is important to note that we are completing the movement along the pennant formed on an earlier rebound, which, in my opinion, is a bullish signal.
I actively buy more whenever possible.
The news background is twofold: the exchange was recently hacked, 3% of the entire coin issue was withdrawn, we are still declining on this news at the moment (it did not win back), but the hackers withdrew coins from the exchange crookedly to the wrong wallet (the coins "burned out", consider them not for anyone), the exchange will redeem at its own expense This volume of coins will be removed from the market, which will significantly reduce the circulating supply, and this is an advantage for the price. Coins are increasingly concentrated in the hands of whales, hamsters have lost everything, passengers have been disembarked, we are waiting for the Fed rate cut, we are flying to the altseason, and only then into recession, but that's another story.
EUR/USD.1h chart pattern.Based on My target EUR/USD 1H, the price has broken down from the ascending channel and formed a Double Top, confirming a bearish structure. Here's the analysis based on the marked zones:
Bearish Targets:
1. First Support / Target 1: Around 1.13500
This aligns with a previous structure level and is the first potential bounce zone.
2. Second Support / Target 2: Around 1.12000
This is a deeper support zone where price may head if the bearish momentum continues.
The structure also shows a clear CHoCH (Change of Character) which supports the downside bias.
Let me know if you want entry and stop-loss suggestions for this setup.
IOLCP – Multi-Year Breakout Setup Forming? | Inverse H&S in FocAnalysis:
IOL Chem & Pharma is showing signs of life after years of consolidation. A potential inverse Head & Shoulders pattern is forming with a neckline around ₹90–91.
📍 Key Levels:
✅ ₹91 – Breakout level on daily close
⚡ ₹111 – Multi-year breakout confirmation
🛡️ SL: ₹75 (below recent structure)
Volume confirmation is critical for breakout sustainability. RSI is nearing bullish territory, supporting possible upside.
🎯 Breakout Target (on confirmation): ₹135–₹150 zone
📌 Watchlist stock – Needs confirmation. Stay alert for price action around ₹91–₹111.
SPY/QQQ Plan Your Trade For 6-18 : GAP Potential PatternToday's GAP Potential pattern suggests the SPY/QQQ may GAP a bit higher at the open, then move into a melt-up phase, trying to identify resistance, then roll into a topping pattern and move downward.
I believe the recent "rollover" of the markets (initiating last Friday with the Israel/Iran conflict) is still dominating the markets and news related to the ongoing conflict could drive a moderate pullback in US assets.
Headed into the Juneteenth holiday (Thursday, June 19), I suggest traders prepare for the US markets to move into somewhat of a SETTLEMENT mode today - where traders don't want to hold too many open positions into Friday's trading.
Additionally, Gold and Silver could move into a very strong upward price move over the next 4-5+ days. So be prepared for metals to hedge risks when the US stock market is closed.
BTCUSD seems to be struggling into the FLAG APEX. I'm waiting to see if my FLAG count is correct and if we get the breakdown in BTCUSD as I expect.
Get some.
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AGSML LONG TRADE 18-06-2025 (Sugar & Allied Sector)"AGSML Buy Call (1H TF):
After breaking out of a downtrend (yellow channel) in the third week of May, AGSML has entered a bullish uptrend with strong volume gradient. The stock has completed Wave 1 at 6.7, Wave 3, and corrective Wave 4, and is now poised for its final up leg. A bullish breaker block and multiple bullish FVGs have formed, indicating a safe entry point.
🚨 TECHNICAL BUY CALL – AGSML🚨
Buy Levels:
1. 6.8
2. 6.3
3. 6.1
Targets:
TP1: 7.6
TP2: 7.96
TP3: 8.3
Stop Loss: Below 5.70 day closing
Risk-Reward Ratio: 3.6
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
SMCPL LONG TRADE - SECOND STRIKE (18-06-2025)SMCPL Buy Call (1H TF) - Second Strike
After a successful previous buy call, SMCPL has recently been in a downtrend channel (pink) from December to April. A selling climax marked the end of the downtrend, followed by a reversal and the formation of an inverted head and shoulders pattern, a bullish reversal pattern. With sufficient volume distribution and the presence of multiple FVGs and bullish IFDZ, this setup presents a high-probability trade.
🚨 TECHNICAL BUY CALL – SMCPL🚨
Buy Levels:
1. 18.5 (Current Price)
2. 18.2
3. 17.6
Targets:
TP1: 20.8
TP2: 22.08
TP3: 24.4
Stop Loss: Below 17 day closing
Risk-Reward Ratio: 3.6
Caution: Please buy in 3 parts in buying range. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
PLEASE BOOST AND SHARE THE IDEA IF YOU FIND IT HELPFUL.
BTC/USD Rising Wedge Breakdown Ahead?Bitcoin shows signs of a potential bearish reversal as price forms a rising wedge beneath a key supply zone. After a recent drop, price is retesting the 106k area (green zone), possibly setting up for continuation to the downside.
🔹 Rising wedge pattern near resistance
🔹 Bearish retest at previous support turned resistance
🔹 Potential drop targets: 102,575 and 102,268
🔹 Break below wedge support could accelerate the fall
Aptos (APT): Buyers Need To Establish Support ZoneAPT is near a local support area where we will be looking now for some sort of upward bounce from here. We might see a smaller move to lower zones (towards the liquidity line below).
Now, as long as we are between those zones, we wait but overall, what we want to see is break of structure and proper upward movement towards 100 EMA.
Swallow Academy
USD/JPY.1h chart pattern.(USD/JPY 1H), the price has broken below the rising channel, suggesting a bearish move ahead. Here are the two key target levels marked on My chart:
Targets:
1. First Target: Around 144.100
2. Second (Deeper) Target: Around 143.200
These levels align with previous support zones and measured moves from the channel breakdown.
Let me know if you’d like stop-loss or entry suggestions too.
Digital Turbine, Inc. (APPS) Drives Mobile Ad GrowthDigital Turbine, Inc. (APPS) simplifies mobile content delivery by helping app developers and advertisers reach users directly through smartphones. Its platform comes pre-installed on millions of Android devices, allowing brands to promote apps and services more efficiently. The company’s growth is driven by mobile ad demand, partnerships with carriers and OEMs, and the global expansion of mobile device usage.
On the chart, a confirmation bar with rising volume shows solid momentum. Price has moved into the momentum zone, breaking above the .236 Fibonacci level. A trailing stop can be set just below that level using the Fibonacci snap tool to protect gains while staying in the trade.
GOLD (XAU/USD) – Price Action OutlookGold is currently moving within an ascending channel, showing signs of weakening momentum near the 3,400 resistance level. After a strong bullish move, price has entered a consolidation phase.
🔍 Market Structure:
Price pulled back after reaching a peak and is now ranging between 3,386 and 3,373.
The structure suggests a potential distribution phase before a move lower.
📉 Bearish Possibility :
A break below 3,373 could trigger a drop toward the next key support at 3,360, and possibly 3,349 at the ascending channel’s lower boundary.
A rejection from the 3,400 resistance would further strengthen the bearish case.
📌 Summary:
Gold is in a critical zone . If it fails to break above 3,400, sellers may step in and push the price toward lower support zones. Watch for clean breaks and confirmation before entering any trades.
ALEX - one more dip?ALEX created H&S pattern, broke down, tested breakdown and finally dumped. We have some more room to dip before we can start talking about reversal. Once we hit bottom I expect bounce to break out of falling channel and test last S/R range. From there likely rejection to form higher low and if we manage to do this then we open path to new impulse leading to test of ATH range.
NVIDIA (NVDA) – Ending Diagonal at the Top? 126 Next?NVDA is currently trading inside a potential ending diagonal, often signaling a reversal or strong correction. With multiple Breaks of Structure (BoS) and a visible Fair Value Gap (FVG) left behind, this setup is aligning with Smart Money Concepts.
📉 Bearish Rejection Expected?
Price might sweep liquidity and revisit the 126–129 demand zone, where strong unmitigated orders sit. If this zone holds, a bullish continuation toward 152+ is likely.
🔍 Key Highlights:
⚠️ Ending Diagonal pattern near local top
📊 Multiple BoS confirming internal structure shifts
📉 Unfilled Fair Value Gap (FVG) near 129
🟩 Strong demand zones at 129–126 and 108
🔄 Potential liquidity sweep before reversal
🧠 Smart money footprint visible
📅 Watch for price reaction around 129.8–126.1.
📈 Breakout above 145 with strength may invalidate the drop.
ETH GAME IS OVERETHUSDT already made its maximum possible high. now its looking week, becasue according to my strategy it has successfully fulfiled the FVG just above the Tren-line which is now a very strong Bearish sign. Now market will dump just after taking the liquidity of seller's . and that will be the last chance for your exit. your exit point must be around 2666-2777.
You can counter verify it by reading my privious analysis.
Twitter DM: @techglitch007
Telegram : @techglitch007.
FED RATES IMPACT ON XAUUSD FOMC Rate Cut:
The U.S. Federal Reserve might cut interest rates TONIGHT.
Weaker DXY (Dollar Index):
If the rate cut happens, the value of the U.S. Dollar (USD) might fall.
A weaker dollar is usually good for the U.S. economy and for exports.
Impact on Other Assets:
If the USD weakens:
The Euro (EURUSD) and British Pound (GBPUSD) will likely go up
Gold (XAUUSD) will also likely rise
War Risk & Safe Haven:
Because of ongoing war tensions, people still see the U.S. Dollar as a safe place to invest. So, even if USD goes down short-term, it may bounce back later (good for buying again).
WHAT POSSIBLE SCENARIO WE HAVE TODAY?
Market is moving in Rangbound 3375-3405.
If H4 CLOSES above 3405 then buy upto 3430.
If H4 CLOSES below 3370 then sell towards 3350.
#XAUUSD
SCI-Wave 5 loading ?!!Analysis:
Shipping Corp of India appears to have completed a classic Elliott Wave 1–2–3–4 structure, with Wave 5 potentially underway.
✅ Wave 3 shows strong momentum, and
✅ Wave 4 found support near the 0.618–0.786 retracement zone – a healthy corrective pullback.
✅ RSI is rising from the 40 zone and now sits near 60, indicating growing strength without being overbought.
✅ Price structure remains intact – Wave 4 didn’t overlap with Wave 1, preserving the impulse validity.
🎯 Potential Target for Wave 5:
1.0 ext: ₹238
Extended move could stretch to ₹280–₹300+ if volume and momentum sustain.
Support Zones:
₹174 (previous breakout zone)
₹151–133 (Fibo clusters)
Watchlist Note: A breakout above ₹240 with volume could confirm the start of Wave 5. Keep an eye on price action and RSI divergence during this rally.
Analyse Chart: GBP/USD – Key Levels & Price Forecast📈 Analyse Chart: GBP/USD – Key Levels & Price Forecast (June 18, 2025)
🗺️ Overview
This chart shows GBP/USD in a critical technical setup. The price has just reacted to a significant support zone after a strong rejection from a resistance area, suggesting a potential reversal—or further downside if support fails.
🔍 Key Zones
Resistance Zone: 1.3600 – 1.3670
Price was rejected here twice (indicated by arrows), forming a double-top pattern.
Support Zone: 1.3400 – 1.3450
Price found buyers here again, after a steep decline.
🧠 Market Structure
The current structure shows a sharp bearish leg followed by stabilization at support.
Price is hovering near 1.3458, slightly above the support zone, forming small indecisive candles (possible accumulation).
📊 Scenario Analysis
🔼 Bullish Scenario (Preferred Path)
Setup: Price forms a higher low or double bottom within the support zone.
Trigger: Bullish breakout above 1.3480–1.3500
Target:
Short-term: 1.3550
Medium-term: 1.3600 – 1.3670 (resistance retest)
🔽 Bearish Scenario (Failure of Support)
Setup: Clean break and close below 1.3400
Trigger: Retest of broken support as resistance
Target:
Short-term: 1.3320
Extended: 1.3260
Reasoning: Would signal trend continuation and invalidation of bullish structure
📅 Event Risk
Several high-impact economic events (GBP & USD) are approaching.
Expect volatility—ideal setups may occur after data releases.
🧭 Professional Outlook
Bias Confirmation Needed Entry Zone SL TP Range
Bullish Rejection + bullish breakout 1.3400–1.3450 Below 1.3380 1.3550 → 1.3670
Bearish Daily close below 1.3380 Retest near 1.3400 Above 1.3430 1.3320 → 1.3260
Oil’s Reaction to Geopolitical DevelopmentsOil’s Reaction to Geopolitical Developments
We must be cautious when trading oil.
Despite the unexpected attack by Israel on Iran last week, gold prices did not rise beyond $77.50.
In my view, oil prices remain largely under the influence of the U.S. and OPEC+, with Trump opposing any significant price increase.
Iran ranks as one of the world's top oil producers, holding the fifth position in daily output. However, it is surprising that prices did not exceed $77.50, especially considering past instances of major price surges during the Russia-Ukraine war.
Even if oil rebounds toward $80, this movement could be purely speculative, with a high likelihood of a pullback, as indicated by the technical chart.
Key target zones: 67.00 ; 64 and 56.50
You may find more details in the chart!
Thank you and Good Luck!
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