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GBPUSD – Short-Term Entry Model (Price Action Based)Education time! This is a quick-execution on GBPUSD this London session based on a failed breakout and structure shift. Price initially broke above the previous high but failed to sustain the breakout. The second push failed to print a higher high (HH), signaling potential exhaustion. Once the higher low (HL) that led to the failed HH was broken to the downside, a valid short setup was confirmed. The trade targets the 161.8% Fibonacci extension of the initial move that failed to hold above the high. 📉 Result: The setup played out cleanly, hitting the target with a +17 pip gain.
by Charts247TradingAcademy
Bull Trap or Bear Bait? The Real Agenda Behind the Crypto PumpThe market just printed a powerful pump—and traders are standing at the edge of uncertainty. What if the bears are right? What if this sudden surge was nothing more than a carefully staged bull trap, luring buyers into FOMO entries, only to dump hard and leave them holding the bag? Or maybe… What if this was a setup for the bears? A calculated move to bait sellers into opening shorts, before a single violent candle wipes them out, triggering mass liquidations on the way up. It’s a psychological battleground—buyers and sellers clashing at a critical zone. So, what’s really going on? Is this a trap to crush longs, or a setup to punish the shorts? Let’s break it down. What do you think? Vote below: Bull Trap / Bear Bait? Follow for real-time analysis as this plays out
CRYPTOCAP:TOTAL
by PetrockTheAnalyst
BABA Stock: A Detailed Analysis using Elliott Wave Theory RulesHello Friends, Welcome to RK_Chaarts, Let's analyze Ali Baba Group Holdings Limited, also known as BABA, listed on the NYSE. We'll be using the Elliott Waves theory. Friends, as we can clearly see, after hitting a low of around $95.75 on 9th April 2025, it started an impulse wave. Within this wave, we've completed intermediate degree blue bracketed (1), (2), (3), (4), (5), and primary degree ((1)) in Black. Currently, we're completing primary degree ((2)), with a low around $111. If it breaks the level of $111, we'll assume we're still in primary degree ((2)), as marked in scenario 2 on the chart. This means wave ((2)) is unfolding, and wave ((3)) might start after wave ((2)) is complete. If it doesn't break the $111 level, it's likely that wave ((2)) has completed, and we've started a subdivision of wave ((3)) or its further subdivisions. If it moves further up, following scenario 1 (the black line on the chart), this is a possibility. According to Elliott Wave theory, wave ((2)) cannot retrace more than 100% of wave ((1)). So, our main invalidation level for this count is $95.75. Yes, BABA is turning up against the 95.75 low, and in the near term, we expect the stock to trade higher. Somewhere, this stock might move towards $150 or $160 if it doesn't break down below $ 95.75. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NYSE:BABA
by RK_Chaarts
Guide: How to Read the Smart Farmer SystemDear Reader , Thank you for tuning in to my first video publication. This video explains the 3-step signal validation process—helping you quickly and precisely anticipate market intent and liquidity dynamics before taking action. We do not react to noise; we respond with structured execution because we understand the market’s true game. Listen to the market— this guide is here to sharpen your journey. Correction Notice (16:58 timestamp): A slight clarification on the statement regarding signal validation : SELL signals: The trading price must close BELOW the Price of Control (POC) and Value Average Pricing (VAP) without invalidation occurring in both the confirmation candle and progress candle. BUY signals: The trading price must close ABOVE the Price of Control (POC) and Value Average Pricing (VAP) without invalidation occurring in both the confirmation candle and progress candle. Multiple signals indicate liquidity games are actively unfolding, including accumulation, control, distribution, and offloading.
TRADENATIONSB:XAUUSDEducation
by jerryfc000
1
Gold’s Week Ahead: Structure, Scenarios, and What to WatchChart Overview: Gold (XAU/USD) is at a critical juncture. The recent action shows a completed three-wave correction, and price is now setting up for what could be a powerful motive wave. My primary scenario is a bullish move once the current structure matures, but I’m also tracking alternate counts—flat, triangle, and double zigzag—all of which still point to at least one more push higher. Why This Count? The leading diagonal (5-3-5-3-5 or 3-3-3-3-3) for wave 1 fits the textbook, with wave 4 overlapping wave 1—a classic Elliott Wave signature. The three-wave correction appears complete, which often signals the start of a new impulsive sequence. I’m watching for confirmation: a completed corrective pattern and a strong move off the lows. What’s Next? If the correction finishes and price holds above the wave 1 low, I’ll be looking for a long setup targeting the 100% or 1.618 extension of wave 1. Invalidation is simple: if the wave 1 low breaks, the count is off and I’ll reassess. I’ll wait for structure to complete before entering—patience is key.
FOREXCOM:XAUUSDLong
by TheSignalService
#EDU/USDT#EDU The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading toward a strong breakout and retest. We are experiencing a rebound from the lower boundary of the descending channel. This support is at 0.1400. We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend. We are heading toward stability above the 100 Moving Average. Entry price: 0.1434 First target: 0.1463 Second target: 0.1488 Third target: 0.1522
Long
by CryptoAnalystSignal
Gut Feeling Vs. Technical Analysis- How I Take TradesTrading Is Both Art and Science Every trader, no matter how data-driven, eventually encounters moments when they just know something about the market. That quiet internal signal: “Don’t touch this today.” Or: “Get ready. Something’s coming.” That’s not random emotion. That’s your gut feeling – and in trading, it's worth paying attention to. But here's the catch: 👉 Gut feeling alone isn’t enough. 👉 Technical analysis alone isn’t either. The real edge comes when both align. ________________________________________ What Is Gut Feeling in Trading? “Gut feeling” is a term used to describe intuitive decisions that seem to arise without conscious reasoning. In trading, it often presents as a subtle inner nudge – a warning, a hesitation, or a surge of clarity. Contrary to popular belief, it’s not just emotion. It’s often the result of: • Unconscious pattern recognition from years (or decades) of chart-watching • Internalized market behavior that doesn’t show up on an indicator • Emotional awareness, sensing when the environment isn’t right to trade Experienced traders know this isn’t “woo.” It’s pattern memory speaking quietly. ________________________________________ On the Other Hand: What We Call Technical Analysis? We all know the tools: support/resistance, price action, indicators like RSI, MACD, Bollinger Bands, maybe Smart Money Concepts or just clean trendlines, etc. Technical analysis gives us structure — measurable, repeatable setups. But let’s not pretend it captures everything: • News can spike irrationally • Liquidity can vanish when you least expect it • And sometimes, the chart says 'yes' but the market mood says 'don’t trust it' That’s where gut feeling becomes the final filter. ________________________________________ ✅ Why I Wait for Alignment Let’s be honest: most bad trades happen when you force action despite internal hesitation. Here’s how I frame decisions: ✅ Full alignment • Gut: Yes • Technicals: Yes • 👉 Take the trade ⚠️ Gut says no, but technicals agree • Gut: No • Technicals: Yes • 🚫 Wait – something’s off ⚠️ Gut says yes, but technicals are unclear • Gut: Yes • Technicals: No • 👁 Watch only – do not act ❌ No alignment • Gut: No • Technicals: No • ✅ Stay out – smart decision You’re not supposed to be in every trade. You’re supposed to be in the right trades. ________________________________________ 🔍 Real-Life Example: Gold (XAUUSD) Yesterday, Gold surged due to geopolitical escalation and renewed tariff tension. Is looking bullish now: descending trendline broken, above 3350 which acts as confluence support. 📈 The chart said: “Buy.” 🧠 But my gut said: “ No. This is an emotional move. It’s not done correcting .” So I stayed out. Why? Because if I trade while my gut says “no”, I second-guess every tick. Even if the chart is right, I start hoping it fails — just to prove my feeling was right. That’s emotional sabotage. But when gut and chart say the same thing, I don’t hesitate. Even if the trade loses, I’m at peace. I executed from clarity, not conflict. That’s not just technical skill. That’s mental edge. 🧠 How to Develop Trustworthy Intuition If you’re new or inconsistent, your “gut feeling” might just be fear, greed, or FOMO. But over time, real intuition can be trained like a muscle. 1. Screen Time The more markets you watch, the more silent patterns your brain absorbs. Eventually, you’ll “feel” momentum shifts before indicators print them. 2. Journaling Write down what you felt before each trade. Did it align with your plan? Over time, you’ll spot which feelings were intuition and which were impulse. 3. Meditation & Clarity The more you control your emotional noise, the easier it becomes to hear real signals. ________________________________________ ⚠️ Common Pitfalls: When Gut Feeling Betrays You Let’s be clear – not every gut feeling is wise. Here are some red flags: • Revenge trading disguised as confidence • FOMO masked as intuition • Fear of missing out during high volatility sessions • Fatigue or stress, which distort perception 🧠 Tip: A real gut feeling comes with calm clarity, not urgency or adrenaline. ________________________________________ 🎯 Final Thought Gut Feeling + Technical Analysis = Peace of Mind The best trades aren’t just technically correct — they’re internally clean. No doubt. No hesitation. No self-conflict. Wait for alignment. Then execute with full presence. Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
OANDA:XAUUSDEducation
by Mihai_Iacob
25
Tips on Counting Waves: Keep It Simple🔍 The Foundation: Motive vs. Corrective Waves Every price move can be classified into one of two types: Motive waves (which move in the direction of the trend) Corrective waves (which move against it) From there, we break it down into five core patterns: Impulse Ending Diagonal Zigzag Flat Triangle Each has its own rules and guidelines—but don't get overwhelmed. You don’t need to memorize everything before getting started. 🛠️ Chart Labeling Tips for Beginners When you're looking at a new price chart (especially a forex chart), here are some practical steps to follow: Start from an extreme — either a major high or low. That gives you the cleanest structure. Look for clarity — big, strong moves are usually motive waves. Choppy sideways moves are usually corrections. Use higher timeframes — if you’re planning to hold long-term, weekly or monthly charts in log scale are most helpful. Avoid complexity at first — don’t start by labeling patterns like expanding diagonals or triple zigzags. Stick with the basics: 5’s and 3’s. Remember wave tendencies — Wave 3 is usually the strongest and longest wave in a motive structure. In commodities, though, Wave 5 is more commonly extended. Look for Wave 3 as a clue — One of the biggest clues when trying to figure out where you are in the Elliott Wave structure is to find Wave 3. It typically has a strong, impulsive character and stands out clearly on the chart. Once you’ve spotted Wave 3, it becomes much easier to build the rest of the count around it. ⚠️ Don’t Force the Count If the structure isn't clear, don’t try to label it anyway just for the sake of having a count. Trading when the chart is unclear is like driving 100 km/h in heavy fog. 💡 If you can’t count it, don’t trade it. When you do spot a clean 5-wave move, it often implies that a correction will follow—usually into the area of the previous 4th wave. That’s a high-probability area to watch for setups. Here’s an example of a clean 5-wave move up. You can clearly see: Wave 1: Initial surge Wave 2: Pullback Wave 3: Strongest move (often extended) Wave 4: Sideways correction Wave 5: Final push 🤯 Avoid the “Alice in Wonderland” Trap Don’t fall down the rabbit hole of switching between timeframes endlessly: Weekly → Daily → 1H → 15m → 5m → 1m... and still confused. Take a step back. Zoom out. Look at the shape, the rhythm. The story becomes clearer. 🧩 Patterns Are Probabilities, Not Predictions Just because a pattern could be something complex doesn’t mean it should be labeled that way. Always ask: Is it probable, or just possible? Occam’s Razor applies here: the simplest explanation is usually the best one. 🔺 Reminder About Triangles If you see sideways, contracting price action near the end of a move, chances are it’s a triangle. Triangles precede the final wave in a sequence. Don’t try to get clever and label skewed or complex variations unless you have strong confirmation. 🧠 Final Takeaways Keep it simple: start with 5s and 3s. Focus on clear impulse and correction structures. Don’t trade what you can’t confidently label. Wave 3 is your guidepost—if you can spot it, the rest often falls into place. Complexity comes with experience—but you don’t need it to trade effectively.
by TheSignalService
In Theory, You’re a Great Trader — In Practice, You’re Human🧠 10 Ways Trading Theory Falls Apart in Real Practice Because in theory, you're rich. In practice, you panic-sold at support. “In theory, there is no difference between theory and practice. In practice, there is.” — Yogi Berra Welcome to trading — where you read about patience and discipline, and then blow up your account chasing a breakout at 3AM. Let’s explore the top 10 ways trading theory gets wrecked by real-world execution, complete with painful honesty and maybe a laugh or two (because crying is for after market close). ________________________________________ 1. 🎯 In theory: You always follow your trading plan. In practice: You make a new plan after every trade. That loss wasn’t part of “the plan,” so obviously the plan was wrong. Let’s fix it — during the trade — in real-time — while it bleeds. Genius. ________________________________________ 2. 🧘‍♂️ In theory: You manage risk carefully. In practice: "Let me just move the stop... just this once... just 10 more pips..." Before you know it, your stop loss is in the next timezone, and your trade is now a long-term investment. ________________________________________ 3. 📊 In theory: Backtesting proves the strategy works. I n practice: Backtest = you, alone, with no emotions, clicking replay in TradingView. Live trading = markets screaming, Twitter panicking, and you entering on the 1-minute chart because “it felt right.” ________________________________________ 4. 💻 In theory: You’ll be objective. In practice: You saw one green candle and whispered: “This is it. The reversal. I feel it.” You weren’t objective. You were in a situationship with your trade. ________________________________________ 5. 💰 In theory: R:R 2:1 minimum. In practice: You close at +0.3R “just to be safe” — and then it hits target 10 minutes later while you re-enter worse, and get stopped. ________________________________________ 6. 🕒 In theory: You wait for confirmation. In practice: You anticipate confirmation. You hope for confirmation. Spoiler: hope is not a strategy. But hey, at least you learned… again. ________________________________________ 7. 🤖 In theory: You’re a rules-based, emotionless trader. In practice: You meditate, breathe deeply, journal, and then buy Gold after CPI with no stop loss and max leverage. So much for being the Terminator. ________________________________________ 8. 📚 In theory: More knowledge = better performance. I n practice: You read five books, memorized all candlestick names, and still entered long into resistance because it “looked bullish.” Trading isn’t trivia night. It’s controlled decision-making under fire. ________________________________________ 9. 😤 In theory: You’ll accept losses calmly. In practice: First you rage-quit. Then you revenge trade. Then you open ChatGPT and ask: “Should I hedge this 80% drawdown?” ________________________________________ 10. 📆 In theory: You’ll be consistent. In practice: You traded London Open on Monday, Asian Session on Tuesday, and New York close on Friday. Consistency? You don’t even use the same time frame twice in a row. ________________________________________ 🚧 So… how do you bridge the gap? 1. Journal your trades — honestly. Especially the emotional mess-ups. 2. Create rules you can actually follow — not Instagram-quote rules. 3. Simulate real conditions — including drawdowns, boredom, and fakeouts. 4. Accept that mistakes are part of the job — and build for resilience, not perfection. 5. Trade small enough that you don’t care much — so you can learn while surviving. ________________________________________ 🎯 Final word: Trading theory is like a clean whiteboard. But the market? It’s a chaotic toddler with crayons and no rules. If you can operate inside that chaos — with clarity and emotional control — that’s when the theory starts working.
OANDA:XAUUSDEducation
by Mihai_Iacob
36
Using Previous Day’s High and Low to Decide Intraday TrendIntroduction and Disclaimer This article explains how to use the daily chart to understand and plan for short-term or intraday market direction. To fully understand this, you should already know what directional bias means. If you’re not familiar with it, I highly recommend reading my previous article on the topic before continuing here. Disclaimer I'm not a financial advisor. This article does not offer financial, investment, legal, or any kind of regulated advice. It's made for educational and entertainment purposes only. Trading involves risk. You can lose all your money—or even more—if you’re not careful. You're reading the thoughts of a 22-year-old. The goal of this article is to show you how to use the previous day’s high and low on a daily chart to: Get a clear intraday bias (bullish or bearish). Find entry signals for your trades. Set clear invalidation points, meaning when a trade idea becomes invalid. This is part of what’s called multi-timeframe analysis—looking at higher time frames to understand what might happen on lower ones. Even if you trade short-term (like on 5 or 15-minute charts), it's still helpful to know what the bigger picture (like the daily chart) looks like. Why? Because it shows the main trend, important levels, and key zones that may not appear on lower time frames. In my opinion, smart trading involves breaking down the price chart from top to bottom—starting with the big picture—then making decisions based on your trading strategy. The ideas in this article work well for: Intraday traders who want to capture moves during the day, and Swing traders who want to catch bigger moves by entering early. This concept can also be applied to higher time frames, such as the previous week’s high and low.
BITSTAMP:BTCUSDEducation
by CRYPTOMOJO_TA
Trading Gold? Know the Difference Between XAU/USD and Futures🔎 Let’s address a question I get very often: “Should I trade spot gold (XAU/USD) or Gold futures?” It might sound like a technical decision, but it’s actually about how you approach the market, your risk profile, and your experience level. So let’s break it down 👇 ________________________________________ 🟡 Two ways to trade the same asset Both spot and futures allow you to speculate on the price of Gold. But they’re two very different beasts when it comes to execution, capital, and strategy. ________________________________________ 1️⃣ Spot gold (XAU/USD) • Traded mostly via Forex brokers or CFD platforms • No expiration — you can hold the position as long as you want • Often used by retail traders for day trading or swing setups • You can open small trades (even 0.01 lots) • Costs include spread, swap fees if you hold overnight • Leverage is usually high — up to 1:100 or more • Margin is required, but typically lower than in futures 💡 Spot is flexible and accessible, but you pay the price through overnight holding costs, wider spreads during volatility, and slippage. On some brokers, especially during high-impact news, your platform might even freeze or delay execution — and that’s a serious risk if you’re not prepared. ________________________________________ 2️⃣ Gold futures (GC) • Traded on major futures exchanges like CME • Contracts have a fixed size (usually 100 oz) • They expire monthly, so you need to manage rollovers • Common among hedge funds and experienced traders • You pay commissions and exchange fees, but no swaps • Margin is required here too — but it's much higher 💡 Futures are structured and professional — but they demand more capital, stricter execution discipline, and higher margin requirements. Just like in spot trading, margin is a collateral deposit, not a cost — but with futures, the bar is set higher. ________________________________________ ⚖️ So, which one is for you? If you're using MetaTrader or any platform offered by a Forex/CFD broker, and you're a scalper, intraday, or swing trader working with flexible position sizes... → You're probably better off with spot gold (XAU/USD). If you're trading big volume, managing diversified portfolios, or involved in hedging large exposure... → You should consider futures — but expect to level up your game, capital requirements, and discipline. ________________________________________ 🧠 Mindset: Don’t confuse accessibility with simplicity. Just because spot Gold is easier to open doesn’t mean it’s always the best choice. Just because futures look “pro-level” doesn’t mean they’re always worth it for a retail trader. Understand your tools. Pick the one that aligns with your structure. That’s how you stay in the game. 🎯 ________________________________________ 📚 Hope this cleared it up. If you want me to cover execution setups for each one, let me know in the comments.
TRADENATION:XAUUSDEducation
by Mihai_Iacob
1
How I Use Elliott Waves to Trade — A Real Example from XAU/USDElliott Wave Theory is a powerful tool I use to understand market structure and build trading plans with confidence. In this post, I’ll walk you through how I’m applying it to the current setup in XAU/USD (Gold) on the 1-hour chart, and how I develop a trading plan around it. 🌀 The Current Structure: A 5-Wave Impulse in Progress Based on the chart, I believe gold is in the middle of completing a classic 5-wave impulsive move. We’ve already seen the completion of Wave 1 and Wave 3—and we’re now likely in the midst of a Wave 4 correction. 🔍 How Do I Know This? There are several clues: Wave 3 is extended, meaning it’s longer than both Wave 1 and the expected Wave 5. Inside Wave 3, Wave 2 was a sideways flat, and Wave 4 was a sharp zigzag. This follows the Guideline of Alternation, which states that if one correction is sharp, the next tends to be sideways. These characteristics give me confidence in my wave count. 💡 Why I Love Trading Wave 5 Wave 5 is my favorite wave to trade because it offers a high-probability opportunity when the structure is clear and confirmed. Here’s how I approach it: 📉 Step 1: Define the Invalidation Level According to Elliott Wave rules, Wave 4 cannot enter the price territory of Wave 1. This gives me a hard stop loss zone—if price dips below that, the count is invalid, and I step aside. 🎯 Step 2: Determine the Target (Take Profit) When Wave 3 is extended, Wave 5 usually relates to Wave 1, and I consider three common Fibonacci targets: 61.8% 100% 161.8% Since the 100% extension of Wave 1 is the most typical scenario, that’s where I’ll tentatively place my take profit. 🛠️ Step 3: Plan the Entry Now that I have both my stop (below Wave 1) and my take profit (100% of Wave 1), I plan my entry. Here’s how: Wave 4 often retraces to the 38.2% Fibonacci level of Wave 3—which is where I begin looking for support. This level also coincides with the termination point of the previous Wave 4, adding further support per Elliott guidelines. If price enters that support zone and I see a complete corrective structure (flat or triangle), that’s my green light to enter. If all the above conditions are met, I’ll post a follow-up with my exact entry strategy. 🧠 Final Thoughts: Flexibility Is Key While this plan is structured, the market is dynamic. Patterns evolve. Counts can shift. The key is to stay objective, recognize when the scenario changes, and adapt quickly. Elliott Wave trading is not about perfection, but about anticipation, risk control, and reacting intelligently as price unfolds.
TVC:GOLDLong
by TheSignalService
Positive Psychology in TradingTrading isn’t just about numbers, charts, or quick decisions. It’s an intense emotional experience, a constant mental challenge, and often a major source of stress. That’s why more traders are turning to positive psychology—a modern psychological approach that explores what makes people thrive, even under pressure and uncertainty. What is Positive Psychology? Founded by Martin Seligman, positive psychology focuses on positive emotions, strengths, and the conditions that lead to a fulfilling life. Unlike traditional approaches that look at “what’s wrong,” it asks: What’s going right? and How can we build on it? The PERMA model (Positive Emotion, Engagement, Relationships, Meaning, Achievement) serves as a powerful framework—even in the world of trading. ________________________________________ How Does It Apply to Trading? 1. Positive Emotions – Calm Before the Click Trading isn’t about euphoria or panic—it’s about equilibrium. Cultivating positive emotions like gratitude or realistic optimism helps you: • Reduce impulsivity • Build emotional resilience • Make clearer decisions under pressure Try this: At the end of each trading day, write down 3 things that went well and why. This trains your brain to see progress, not just mistakes. ________________________________________ 2. Engagement (Flow) – Get in the Zone Flow is that state of complete absorption in what you're doing. In trading, it means: • Deep focus without mental fatigue • Quick yet thoughtful decisions • A fulfilling experience, win or lose How to reach it? Schedule short, focused trading sessions with no distractions and a clear plan. ________________________________________ 3. Positive Relationships – You’re Not Alone Trading can be solitary—and at times, frustrating. A positive community of fellow traders can: • Reduce isolation • Offer constructive feedback • Boost your motivation Pro tip: Join a trading group that values learning and support, not just fast wins. ________________________________________ 4. Meaning – Why Do You Trade? Without a deeper why, trading becomes a stressful gamble. When you have a clear sense of purpose (financial freedom, personal growth, discipline), it’s easier to: • Stay consistent during drawdowns • Stick to your plan • Avoid burnout ________________________________________ 5. Achievement – Celebrate the Process, Not Just the Profits Positive psychology emphasizes progress over perfection. In trading, this might mean: • A full week of disciplined trades = success • Following your strategy = a win • Avoiding overtrading = growth ________________________________________ Final Thoughts Positive psychology isn’t about “happy thoughts” or ignoring risk. It’s about building a resilient, balanced, and healthy mindset—a crucial asset for any long-term trader. If you want to become a high-performing trader, don’t focus only on strategies and charts. Learn to master your emotions, develop your inner strengths, and trade with purpose.
OANDA:XAUUSDEducation
by Mihai_Iacob
2
Technical Analysis with Elliott Waves: A Combined ApproachHello friends, Welcome to RK Charts! This Educational Post is based on technical analysis, specifically how to initiate analysis on a chart, and what points to consider. This is purely for Educational purposes. This is not a trading or investing tip or advisory. Rather, it's a comprehensive guide on how to easily analyze a chart, intended for educational purposes. I hope that by reading and understanding this post, you'll gain valuable knowledge and insights. Your focused effort to understand this will surely provide you with something valuable and easy to grasp. Let's dive in, During technical analysis, what we had observed certain points in this chart, I'm highlighting them here: 1. Resistance line breakout, where the price has closed above it. 2. The volume within that breakout. 3. The price closing above Weekly Exponential Moving Averages. 4. Elliott Wave Counts. 5. Projected Target along with Invalidation level as per Elliott Wave theory. 6. Projected Duration for Projected Targets. Breakout of Resistance zone with Good Volume intensity: So, friends, here we can clearly see on the chart that this is a weekly time frame chart of Shipping Corporation of India Limited. Over the last eleven months, from July 2024, the price has been falling, remaining largely bearish, but has now broken out of Curved Resistance Trendline for the first time with a bullish candle on Weekly (Closing basis), accompanied by good volume intensity. Alongside this, the price has sustained and closed above Major EMAs: - 50-Weekly Exponential moving average (red line plotted on the chart) - 100-Weekly Exponential moving average (blue line plotted on the chart) - 200-Weekly Exponential moving average (black line plotted on the chart) on the weekly time frame. Elliott Wave Theory: Considering the Elliott Wave structure, if we look at it theoretically, the top it made on July 2024, was the completion of Wave III. After that, it completed Wave IV in 7 swings (WXY) and is now possibly moving higher, making higher lows. It has closed above the moving averages, broken out of the Curved Trendline, and has strong volume. So, possibly, we are unfolding an impulse Wave V. In Elliott Wave Theory, the invalidation level means that the price should not go below that level, which in this case is the low of Wave IV at ₹130. If the price goes below that level for any reason, even by a single point, our wave counts will be invalidated, and we'll have to re-analyze the chart. That's why we call it the invalidation level. Analysts and traders also refer to it as a stop-loss level. So, in Elliott Wave Theory, our wave counts remain valid as long as the price stays above the invalidation level and doesn't trigger it. Now, regarding the target, if we take the measurement of Wave IV and calculate its 1.236 level, the target for Wave V should be above the high of Wave III. According to Elliott Wave Theory, the projected target for Wave V is near ₹440, which is the 1.236 Fibonacci level. Projected Duration for Projected Targets: In the chart analysis we conducted, where we prospectively projected a target, if everything goes right and the invalidation level is not triggered, what could be the duration of this target? It will definitely take more than a medium-term duration, maybe even a long-term duration. This is because each candle represents a week, and we're currently looking at the weekly time frame. Since the fourth wave has just ended and the fifth wave is upcoming, it will take a long-term duration I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:SCIEducation
by RK_Chaarts
12
Breaking key resistance — could $BGM repeat $RGC’s 100x rally?Let me introduce a stock that has already generated a profit of nearly 40% and I have no intention of selling it yet. Because both the chart and fundamentals suggest the stock seems to be approaching the point of potential explosion, and it is even possible to increase several times. This stock is NASDAQ:BGM , a traditional Chinese pharmaceutical chemical company but now it has transformed into an AI productivty platform. More on that later—let’s first take a look at the technicals, which I always pay close attention to. Firstly，the uptrend remains intact. Since last year’s stock split, the price has been climbing steadily within a clear uptrend. After breaking above $8.50, it has consistently held above that level for months, showing strong momentum. (I bought in when it dipped back to $8.50 earlier this year and have held since.) In the recent days, the stock price has successfully broken through the upper limit of the consolidation range that has persisted for nearly 3 months, and has stabilized above $12. This is a significant breakthrough, and it may indicate that the stock price could potentially start a significant upward rally at any time. Secondly，the stock is almost fully controlled by the market maker. There’s a saying in trading: “Volume precedes price.” Since December 2024, BGM’s trading volume has clearly increased, with each spike in volume followed by a small price uptick—money was buying. Interestingly, each rise is followed by a pullback, but on much lower volume. This volume pattern—rising on gains and shrinking on pullbacks—suggests that the maket maker have accumulated most of the shares and now have strong control. The dips are likely just shakeouts to flush weak hands before a bigger breakout. Thirdly, low short interest means minimal resistance to a price surge. According to Nasdaq's data, BGM’s short position was 34,466 shares by 31th March, but dropping to 18,889 shares by April 30,the number of short positions has significantly decreased. This was showing that as the stock price rose, short sellers mostly exited or turned bullish—clearing major obstacles for further gains. Technically, everything is set—just waiting for the trigger. Pull the trigger could spark a massive rally, and that trigger may come anytime as the company nears to complete a key transformation. Yes, the company is transforming from a traditional pharmaceutical firm into a leading AI tech ecosystem. Since last year, it has been actively acquiring companies to enter AI-driven healthcare, insurance, and wellness sectors, aiming to become an industry leader. ①In December 2024, BGM acquired RONS Tech and Xinbao Investment, integrating the AI insurance platform “Duxiaobao” (powered by Baidu’s NASDAQ:BIDU technology). Leveraging 704 million monthly active users, they aim to disrupt traditional insurance sales and drive exponential customer growth. ②In April 2025, BGM acquired YX Management to boost AI applications in insurance and transportation, accelerating the “pharma-insurance-health” ecosystem. ③In May 2025, BGM acquired HM Management and its two subsidiaries—SHUDA Technology and New Media Star—strengthening its algorithm optimization、data modeling and traffic-driven customer acquisition capabilities After several acquisitions, the company has initially completed its transformation plan. So the "trigger" we are pursuing might emerge during the next major acquisition by the company to complete the final transformation.This is an important milestone. According to reliable sources, the company's next acquisition is likely to take place in the coming June. Let's wait and see. Another "trigger" may be the company’s next earnings report, which will include the “Duxiaobao” AI insurance business for the first time, expected to add over $5 million in revenue, might to confirm the initial success of the company's transformation. And this is potentially spark a strong stock rally. These two potential "triggers" are both approaching soon. If all goes well, how far could this rally go? Let’s refer to the recent strong gains of Chinese stocks like $RGC. Technically, RGC saw a clear volume increase and price rise around July-August 2024. Then it had a six-month shakeout with low volume pullback (similar to BGM’s current pattern). In March 2025, it launched a major rally, rising over tenfold. In May, RGC surged again, supported by fundamental news: the company announced FDA approval for its new neurostimulation chip and a Parkinson’s study with Mayo Clinic. From the start to the peak, RGC gained over 100 times in a short period! Looking at BGM again: after the breakout, the stock will likely first test resistance near $15, which may not be a big hurdle. The real test could be at $24—the pre-split high and the upper boundary of the current “megaphone” consolidation. Even if the price only reaches around $24 , current investors could nearly double their money. After the company’s fundamental transformation, its revenue and profits potential could grow beyond RGC. So, how high can BGM’s stock go? Let’s wait and see.
NASDAQ:BGMLong
by xugina78