Chart Patterns
Update on GOLD (Xauusd) BuyGOLD FLYING! 🚀🔥 MOVE SL TO BE!
Gold is pushing up massively as expected! If you're in this buy, it's time to secure profits—move your Stop Loss to Break Even (BE) to eliminate risk and ride the momentum safely.
Targets remain valid, but always manage your trade wisely! 📊💰
Check my previous Analysis on GOLD (Xauusd) 👇
EUR/USD Holds Steady Near 1.0500 as Markets Await ECB Decision During Tuesday’s European session, the EUR/USD pair maintains stability near the critical 1.0500 level, supported by geopolitical developments and anticipation of the European Central Bank’s (ECB) monetary policy announcement.
A major factor influencing market sentiment is the renewed push for a peace plan in Ukraine. European officials, including Ukrainian President Volodymyr Zelenskyy, have agreed to work toward a resolution aimed at ending the two-year-long conflict. Traders are optimistic that a potential truce could help restore Eurozone supply chains, boosting confidence in the euro.
ECB Rate Decision in Focus
The ECB’s upcoming policy meeting on Thursday remains the key driver for the euro this week. According to a Reuters poll conducted from February 19–27, the central bank is expected to cut its Deposit Facility Rate by 25 basis points (bps) to 2.5%. If confirmed, this would mark the first rate cut in the ECB’s easing cycle.
A dovish stance has been reinforced by concerns over U.S. trade policies. Market participants fear that President Donald Trump’s proposed tariffs could weigh on Eurozone economic growth, pushing the ECB toward a more accommodative approach.
Technical Outlook: Key Levels to Watch
EUR/USD continues to hold above the 72-day Exponential Moving Average (EMA) at 1.0480, signaling a short-term bullish trend. The key resistance level for euro bulls stands at 1.0533, and a breakout above this level could open the door for further gains.
On the downside, the pair finds initial support at 1.0420. A decisive break below this zone may trigger further declines toward the next key support level at 1.0330.
Aussie H4 | Strong downward momentumThe Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6215 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 0.6240 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 0.6175 which is a support level that aligns with the 50.0% Fibonacci extension.
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$IWM Analysis, Key Levels & Targets for March 4rd
We have to levels in tomorrow’s Trading range to be aware of -
1. The 35EMA on the 30min timeframe.
2. Support at 204 (from sept 2024)
That’s it in the trading range but of course you can see a lot around it and I went over it all in tonight’s video.
Gonna be a wild one - let’s go!!!
Beginning of correction after 5 Elliot wavesAfter the completion of the 5 Elliot waves I am seeing similarities to past momentum. It looks like the Adam & Eva tops. We are now in the area of the B top formation, then I would expect a hike to the C point area (which is my view around 1.63 if we go by past experience). We have also not reached the 50 EMA, but I believe there will be a quick break of this EMA based on my experience.
Horban Brothers.
ICICI Pru Life Insurance Spotted Around SupportICICI Pru Life has dropped over 30% from its recent high of 796 and is now trading near a strong support level. It’s moving within a parallel channel that has been in play since 2019. This channel can help identify potential mid-term and long-term targets for the stock.
OIL Weekly Timeframe
Zooming out to the weekly chart, price action is tightening inside a triangle defined by the green trendlines.
My bias is slightly bullish, due to the bullish RSI divergence, and the strong gray support zone.
But there hasn't been an upside reversal in smaller timeframes yet, so I'm still keeping an eye on price movements.
$QQQ Analysis, Key Levels & Targets for March 4rd
We have to levels in tomorrow’s Trading range to be aware of -
1. The 1W 35EMA just above where we closed
2. And the 35EMA on the 30min timeframe.
That’s it in the trading range but of course you can see a lot around it and I went over it all in tonight’s video.
Gonna be a wild one - let’s go!!!
GOLD..TRADING STRATEGY OVERVIEW*Gold Trading Strategy Overview*
*Trend Analysis*:
The setup suggests a bullish trend for gold, with a key resistance level at *2880*. A confirmed break above this level could signal continued upward momentum, potentially reaching the specified targets.
*Entry & Stop Loss*:
- *Entry Point: Consider entering a long position once the price sustains above **2880* (close above on your chosen timeframe).
- *Stop Loss: Place below the resistance-turned-support level, ideally at **2865-2875* (adjust based on volatility and risk tolerance). This limits downside risk while allowing normal market fluctuations.
*Profit Targets*:
1. *Target 1: 2905* (25 points from breakout) – A conservative take-profit level, just above the psychological *2900* barrier.
2. *Target 2: 2920* (40 points total) – May align with prior price structure or minor resistance.
3. *Target 3: 2950* (70 points total) – A higher-risk/reward objective, possibly near a major historical resistance or Fibonacci extension level.
*Risk Management*:
- *Risk-Reward Ratio*: Minimum 1:1.6 (e.g., 15-point stop loss vs. 25-point first target).
- *Position Sizing*: Scale out partial positions at each target (e.g., 30% at 2905, 30% at 2920, 40% at 2950) to lock in profits.
*Key Considerations*:
- *Confirmation*: Validate the breakout with volume increase or momentum indicators (e.g., RSI, MACD).
- *Market Context*: Ensure the broader trend aligns (e.g., bullish fundamentals like dovish central banks or geopolitical risks).
- *Adjustments*: Trail stops as price advances to protect gains, especially after Target 2.
*Final Note*:
Monitor for false breakouts and news events that could impact gold. Flexibility is crucial—adapt to evolving price action.
📊 *Visual Plan*:
*2880* (Breakout) → *2905* → *2920* → *2950*
🛑 Stop Loss: *2865-2875*
$AVAX Heading HigherI like Avax. Triple bottom looks very promising.
CRYPTOCAP:AVAX is the native cryptocurrency of the Avalanche blockchain platform. Avalanche is designed to be a highly scalable and efficient blockchain network that supports decentralized applications (dApps) and custom blockchain networks.
AUDUSDOn HTF(Weekly and Daily Chart) price tested a key level (OB) with a liquidity that took the old low on Daily TF, On LTF (M15) MSS was formed and an OB to take the 1st enrty but price has already run. And have OB that cause another CHOCH to upside. Imbalance in the chart waiting for inducement and test of the OB for Buy entry.
This is just for educational purpose. Apply proper risk management.
$SPX Analysis, Key Levels & Targets for March 4rd
We have to levels in tomorrow’s Trading range to be aware of -
1. The 1W 35EMA and that’s at the bottom of the trading range. Really important level to hold
2. And the 35EMA on the 30min timeframe.
That’s it in the trading range but of course you can see a lot around it and I went over it all in tonight’s video.
Gonna be a wild one - let’s go!!!
BITCOIN 2025 - A MODERATE SCENARIOBitcoin’s price trajectory hinges on critical technical levels. Should Bitcoin fall below the key support zones—referred to here as the 'red lines' and t he bold black line —it risks entering a bear market, potentially signaling the end of the current bull cycle. These levels are pivotal for sustaining the parabolic bull market’s final leg. Following an initial decline from current levels, Bitcoin is projected to drop to approximately $70K, where it may consolidate for a couple of months. For the best-case scenario to unfold, Bitcoin must hold above the critical $70-77K threshold and execute a sharp V-shaped recovery. From there, a robust rally could propel it beyond $100K around August, culminating in the cycle’s peak in September at its highest point. While this outcome appears unlikely in the short term, it remains the most favorable projection, contingent on Bitcoin maintaining strength above the $70K line. Failure to do so could prematurely terminate the bull cycle.
nifty view hi dear, as per my view if nifty breaks 21900 level it may touch to 21500 level and there is a pending gap at downside level nearly 20400 level, in one day chart pattern its trading in channel pattern, for your clarification iam posting the chart please go through it, upside level it may bounce back to the level of 22350 which the fibonocchi level, for more info ping me.
EUR/AUD Potential HTF Head Shoulder PatternHi Traders.
Like you see in the chart we see, in the daily time frame a potential HnS Pattern is forming.
At the moment we are still very bullish but we are also at the top of the structure.
So maybe we can expect from here some momentum shift. Wait for some bearish conformation
to confirm this setup
$SPY Analysis, Key Levels & Targets for March 4rd
We have to levels in tomorrow’s Trading range to be aware of -
1. The 1W 35EMA and that’s at the bottom of the trading range. Really important level to hold
2. And the 35EMA on the 30min timeframe.
That’s it in the trading range but of course you can see a lot around it and I went over it all in tonight’s video.
Gonna be a wild one - let’s go!!!
$OXY HigherI believe earnings will be better than expected and that we will have our catalyst for wave 3 to be completed. I will update further.
Some Examples on why I am BULLISH.
Exposure to Energy Markets
Occidental Petroleum is among the larger U.S. oil and gas companies. If you believe energy prices—particularly oil—will remain strong or rise, OXY might benefit from higher revenues and earnings.
Warren Buffett’s Stake
In recent years, Berkshire Hathaway has built and expanded a sizable position in OXY. Some investors view Buffett’s involvement as a sign of confidence in the company’s management or in the broader energy sector. However, following any major investor without understanding why they invested carries its own risks.
Debt Reduction Efforts
OXY took on significant debt during its acquisition of Anadarko Petroleum in 2019. Since then, the company has been working on deleveraging (paying down debt), which can bolster its balance sheet over time. Progress on debt reduction may improve its financial stability, although the speed and success of these efforts can fluctuate with oil prices and overall market conditions.
Dividend Potential and Shareholder Returns
Occidental has a history of paying dividends, though it cut its dividend at times due to market conditions. If oil prices stay relatively strong, the company may have the means to sustain or potentially grow its dividend—or use excess cash for share buybacks, which can also boost shareholder value.
Volatility and Sector Risks
Despite potential upsides, the energy sector is historically volatile. Fluctuations in commodity prices, shifts in global supply and demand, and geopolitical events can all significantly impact OXY’s earnings and stock price. Additionally, companies in fossil fuels face longer-term uncertainties related to climate policies and the transition to renewable energy sources.