WTI Crude: Uptrend on the Brink—Break or Bounce Ahead?WTI crude oil is testing key uptrend support, offering fresh trading setups depending on how the price action evolves.
With Tuesday’s bearish key reversal candle, RSI (14) trending lower and MACD confirming the bearish momentum signal, a downside bias is favoured. However, with crude already down sharply—and past rebounds from the trendline often proving violent—patience is key.
A clean break below the uptrend could open the door for shorts, with a stop above for protection. Buyers have stepped in around $67–$66.33, making that a key zone to watch. A break lower would put the September 2024 swing low in play.
If support holds, the setup could be flipped. Longs could be established above with a stop beneath for protection. Former channel support sits near $69.60 today—making it an initial upside target—with Tuesday’s high around $71.30 next on the radar.
Good luck!
DS
Oscillators
Bullish momentum intact: Gold price Analysis and Forecast !Gold Price Analysis: Bullish Consolidation Phase
Gold's price action over the past week can still be categorized as a bullish consolidation phase, following the recent strong move up to record highs. Although the daily Relative Strength Index (RSI) is close to the 70 mark, indicating a potential need for consolidation or a modest pullback, the bias remains firmly in favor of the bulls.
Key Support Levels
- $2,920-2,915: A crucial support zone that may attract dip-buyers
- $2,900: Additional support level that could provide a temporary floor for Gold prices
- $2,880: A key support region that, if broken decisively, could lead to further losses
Potential Downside Targets
- $2,860-2,855: A potential downside target if Gold prices break below $2,880
- $2,834: Another key level that could provide support, but may also be vulnerable to a breakdown
- $2,800: A round-figure mark that could attract sellers, leading to a potential extension of the downfall
Outlook
The path of least resistance for the Gold price remains to the upside, with the bulls firmly in control. However, caution is advised as the market may experience some near-term consolidation or a modest pullback before positioning for further gains.
Share Your Insights!
What's your take on the Gold market? Do you think the bulls will maintain control, or will the bears stage a comeback? Share your comments below!
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Gold Bulls on Notice: Cracks Forming in the Rally’s FoundationTraders should be alert to the growing risk of a downside move in gold.
Bullish momentum underpinning the rally has weakened over recent weeks, alongside shaky price action.
RSI (14) has diverged from price, setting lower highs even as the latter briefly hit record levels. The bearish momentum signal has been confirmed by MACD, which has turned lower decisively.
While bulls defended uptrend support on Tuesday, resulting in a decent bounce, that’s unlikely to perturb bears given the increasingly unconvincing technical picture, punctuated by the bearish engulfing candle delivered during the session.
If we were to see a sustained break of the uptrend, keep a close eye on the price action around $2882.40—a level bullion tested either side on multiple occasions earlier this month. A break below could open the door to $2390.
Good luck!
DS
Solana Wave Analysis – 25 February 2025
- Solana reversed from support level 134.15
- Likely to rise to the resistance level 155.30
Solana cryptocurrency today reversed sharply from the key support level 134.15 (former Double Bottom from October) standing well below the lower daily Bollinger Band.
The price will likely form the daily Japanese candlesticks reversal pattern Hammer today (strong buy signal for Solana) – if the price closes today near the current levels.
Solana cryptocurrency can be expected to rise to the next resistance level 155.30 (former strong support from November, acting as the resistance now after it was broken earlier this month).
Confirmation of Wave 5 being complete, but which wave 5? It's waves within waves within waves, well maybe...
So now I'm seeing it either as the 1st of a 5th wave extension, or the 5th of the entire move from $15.4k.
These levels here should show what's up. Ideally it finds support around the halfway back, but it could go further, maybe the 618. How it gets there as well is to be considered so let's see. But below those levels and it will probably start getting outside the geometric boundaries I'd consider indicative of this move extending, meaning a deeper sell off to a possible 41K bitcoin.
That kind of sounds like wishful thinking, but some players will want in at a discount, so it's conceivable. The weekly moving averages are always worth considering as well. In any such move down so far, bulls would really want to see it rebounding and closing well above the 200 period moving average that it would likely breach in the sell off.
One longer term tool I keep an eye on is the base channel on the entire move from 15k - so channel on beginning of move to the end of 2, parallel with top of 1. Bitcoin hasn't traded below that base channel since quickly dipping its toe through in 2015, before which it had been above it since March 2013 (log scale) and had tried twice to break above it. So that will be my main overall indicator of whether I'm bull or bear.
Still, whatever happens, it's always a shakeout.
Downtrend in Applied Materials?Applied Materials has struggled since the summer and some traders may see further downside in the provider of chip equipment.
The first pattern on today’s chart is the series of higher lows between late December and mid-February. Earnings beat estimates on February 13, but conservative guidance pushed the stock below that line. The result is a potential bear-flag breakdown.
Second, short- and long-term moving averages may show bearish trends. The 50-day simple moving average (SMA) crossed under the 100-day and 200-day SMAs in September. Two months later, the 100-day SMA slid below the 200-day SMA.
The 8-day exponential moving average (EMA) crossed under the 21-day EMA two weeks ago. MACD has also been negative.
Finally, you have the big event of NASDAQ:NVDA Nvidia earnings tomorrow afternoon. Given its importance to the entire semiconductor industry, AMAT could be especially volatile around the news.
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$SOL RSI Most OVERSOLD Since June 2023!Still no clear signals on CRYPTOCAP:SOL yet.
However, the RSI on the DAILY IS THE MOST OVERSOLD its been SINCE JUNE 2023.
I personally opened a long here.
Not for the faint at heart.
Could dip down to $133’ish and range between $146.
We DO NOT want to range too long in this area as you can see there has already been HEAVY consolidation.
Look for a V-Shape reversal trying to reclaim that ~$157 level for bullish confirmation.
How to Set Multiple TPs...for BeginnersHey Rich Friends,
I wanted to share how I find multiple TPs for my Forex trades using free tools and only 1 technical indicator. This strategy is perfect for beginners because it is easy to follow and has clear confirmations for entering and exiting a trade in profit, even if it hits your Stop Loss.
I keep my charts clean and let price action do the talking. Here's my setup:
✅ Session Breaks & Horizontal Lines – I mark the previous day’s highs, lows, and key levels to identify potential areas of interest.
✅ Stochastic for Entries & Exits – I use the Stochastic indicator to time my trades when the price reacts at my key levels (80 and 20 are very important here!)
✅ Horizontal Lines = Potential TPs – Instead of setting a take profit, I let the market tell me when to exit based on price action around these levels.
Less noise, more precision. Drop a "7" if you made it to the end of the video and let me know if it was helpful!
Peace and Profits,
Cha
TOTAL Crypto Long-Term Trend Probability #2This indicator shifting to a bearish outlook on the 2-day timeframe potentially points to a temporary downturn or risk-averse sentiment in the crypto market.
It could imply that traders might consider taking a defensive stance, possibly exiting positions or hedging, especially if supported by other confirming signals like declining volume or weakening price action.
However, given the overall upward trajectory evident in the chart, this short-term bearish signal might simply indicate a minor correction or consolidation phase rather than a reversal of the long-term bullish trend.
LDO/USDT Technical Analysis – 1D# 📉 LDO/USDT Technical Analysis – Daily Timeframe
🔍 LDO price is currently sitting on its **90-day support level**. This is a crucial area because if the price manages to hold this support, we could see an upward move toward **2.35 USDT**, which is a key daily resistance level.
📌 **Bullish Scenario:** If buyers step in and defend this support zone, we might witness a rally toward **2.35 USDT**, representing a **51% increase** from the current price.
⚠ **Bearish Scenario:** However, if the **1.544 USDT** support level is lost on the daily timeframe, the next critical support would be at **0.925 USDT**. This is the **last major support zone** on the daily chart, and losing it could trigger further downside.
📊 **Indicators Overview:**
🔹 **Volume:** An increase in volume at key levels signals strong buying or selling pressure. Currently, volume is declining compared to the average, indicating uncertainty among traders.
🔹 **RSI:** The Relative Strength Index (RSI) is at **44.22**, suggesting that the market is in a neutral zone with balanced buying and selling pressure.
👀 **Do you think LDO can bounce from this support level, or are we about to see another drop? Share your thoughts in the comments!**
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🔹 **This analysis is for informational purposes only and should not be considered financial advice. Please manage your risk accordingly before making any trading decisions.**
✅ If you agree with this analysis, drop a comment and share it with others! 🚀
EUR/JPY Bulls Seeking Signal as Price Clings to SupportEUR/JPY is teetering above known support, but with momentum favouring the bears, there’s no need to rush into longs.
If the pair continues find buyers on dips below 156.21, a long trade could be considered above the level with a stop beneath for protection. 158 looms as an initial target, with 159 and 161 other levels to watch.
The preference is to wait for a bottoming signal before entering, similar to the morning star patterns seen in December and early February. RSI (14) and MACD remain firmly bearish, reinforcing the need for patience given the setup is counter to momentum.
A convincing break below 156.21 would invalidate the setup, opening the door for shorts targeting a retest of 154.41.
Good luck!
DS
2/21/25 - DNA: new SELL mechanical trading signal.2/21/25 - DNA: new SELL signal chosen by a rules based, mechanical trading system.
DNA - SELL SHORT
Stop Loss @ 16.36
Entry SELL SHORT @ 10.82
Target Profit @ 6.98
Analysis:
Higher timeframe: Prices have stayed below the upper channel line of the ATR (Average True Range) Keltner Channel and reversed.
Higher timeframe: Victor Sperandeo's (Trader Vic) classic 1-2-3 SELL pattern...where the current highest top breakout price is less than the preceding top price.
Higher timeframe: Price peaked above the ATR (Average True Range) breakout high and then reversed.
Global M2 Money Supply RSI Divergence IndicationThis chart combines #Bitcoin price across it's entire lifecycle with a new divergence indicator I created for global M2 money supply. #M2 refers to a broad measure of the total money supply in an economy; an increase of which, is a harbinger of a new flows into assets such as equities and crypto.
The lower panel displays a classic #RSI (relative strength indication) albeit applied to the aggregate of the M2 money supply for all major economies in the world. I've spent a number of years fine tuning a 'divergence' indicator for RSI which I'm now able to successfully apply to this GM2 RSI signal.
The net result when applied to the Bitcoin chart are the clusters of arrows that occur at points of divergence detection. As is evident from the chart these align extremely well with Bitcoin cycle bottoms and serve to complement the existing indicators that I use for bottom detection.
Triangle Breakout for NextEra Energy. NEEPivots are always hard to pick. I can see at least two triangles here, which have both been broken out of. It may be an early impulse to a down going Elliott diagonal.
Volatility, momentum has been less and less bearish, while Bollinger Band derivative indicator is all over the place.
Yet, MIDAS is crossed and vWAP/US combo are aligned, below the candle and upgoing.
Early Sign on General Electric Pivot. GEAnother profitable take last time, despite entertaining a wrong Elliott count. the last idea is linked in to this one
A constellation of factors again on a pivot.
1. Impulse wave completion.
2. MIDAS, BB%PCT cross.
3. vWAP/US combo aligned and bearish.
4. Suspect RSX divergence, now out of OBOS territory.
5. VZO and Stochastic indicator crossed to bearish a while ago.
There are many more interesting things on the chart as far as indicator alignment goes, but its not a listing competition here. Five is generally enough for me to consider putting a position down bullish or bearish.
Morgan Stanley Correction. MSOur last take on MS was dead on and quite profitable. The idea will be linked to this one. ABC zigzag, now impulsing down in C wave. Indicator below are bearish but quite choppy, making meaningful interpretation difficult. Price action, MIDAS cross and behavior of vWAP/US duo are key factors in this decision making.
Netflix Flips. NFLXA correction is well overdue on this one. There is a convincing constellation of indications on this price action, so where to begin?
A five wave impulse appears to be complete, and price action reverses tonality of the previous impulsive bullish candles. Divergences on RSX, BB%PCT. MIDAS line is crosses, while vWAP and US lines are aligned and are above the candle. VZO crossed bearishly and trigger line crossed the ribbon. BB%PCT is now bearish crossing the zero line and Ehler's Stochastic RSI is bearish as well and has been for a while.
Harmonically Bullish on Procter and Gamble. PGXABC bullish zigzag, within a structure harmonically consistent with a developing XABCD. In harmonic reactions, retracements are often indicative of extensions to follow, which in this case is 1.618. This conveniently aligns in a Fibonacci cluster with a .886 larger retracement, consistent with a Bat Harmonic. One thing about Bats is that they are the most common and the most reliable out of the harmonic family. Interestingly, MIDAS, VZO, Stoch and BB%PCT all flipped on literally the same candle? Fractal resonance anyone?