Community ideas
LOOKING AT STRONG BUYif you look back a couple of weeks ago, the week of the 13 of March. US100 was sitting at a low price of 19143. This price was never swept the following week. US100 pushed further up until it reached its maximum price of 20322 for the last two weeks. Which was also support on 15 November 2024. Signaled a downward signaled a momentum, which eventually led to 1943 being swept by this downward movement (normally this would take 1 week any weekly high/low to be swiped). Now comes the case of the weekly high 20322(27/03/2025). Current price is pushing towards this price. However there is resistance level at 19800, which needs to be broken before we go for the weekly high(which is our TP).
Bitcoin Update: Testing Critical Resistance LevelsCurrent Market Analysis
Bitcoin is currently in a crucial position as it challenges the resistance of the downtrend channel.
The current price action shows that Bitcoin is testing a significant technical level that has acted as resistance throughout the recent downtrend. What makes this particular test interesting is that the supply signature appears to be weakening compared to previous instances when Bitcoin approached this resistance level.
The Importance of the Confluence Level
This represents a critical confluence point where multiple technical factors align, creating a stronger resistance zone. Breaking above this level would be technically significant as it could trigger what analysts refer to as a "Change of Behavior" in Bitcoin's price action.
A Change of Behavior often precedes larger trend reversals, making this current test particularly noteworthy for market participants trying to determine Bitcoin's next major move. However, caution remains the prevailing sentiment until confirmation occurs.
What Needs to Happen Next
The market remains skeptical about Bitcoin's ability to continue higher without first clearing this technical hurdle. This reflects the technical reality that downtrend channels often require decisive breaks on higher volume to confirm their invalidation. While early signs appear promising with selling pressure seemingly diminishing, a clear breakout has not yet materialized.
Volume Requirements for Confirmation
A key component missing from the current picture is sufficient trading volume to support a breakout. This highlights an important technical principle in market analysis: significant technical breaks generally require increased volume to validate the move and increase the probability of continuation. Without this volume component, fake breakouts become more likely, potentially trapping buyers who entered positions prematurely.
To summarize the current Bitcoin situation:
Price is testing the resistance of the downtrend channel
Supply signature (selling pressure) appears to be weakening
A break above the confluence level could trigger a Change of Behavior
Confirmation requires breaking above resistance with increased volume
While early signs of weakening selling pressure provide some optimism, a cautious stance remains appropriate until Bitcoin can decisively break above the confluence resistance level with appropriate volume confirmation.
Traders and investors should watch for this potential breakout, as it could signal a more significant shift in Bitcoin's price trend if the technical conditions described are met in the coming trading sessions.
Double-Top Pattern for the Dow Jones Industrial AverageA long-term, double-top formation has emerged from the all-time highs of 45,073 on the weekly chart of the Dow Jones Industrial Average. With the pattern’s neckline breached (derived from the low of 41,844), chartists will likely target the structure’s profit objective, which stands at 38,613.
$NVDA | A Double Bottom in the Making? We’re spotting the early structure of a double bottom pattern forming on NASDAQ:NVDA — a classic bullish reversal signal. After a steep decline, price action is showing signs of stabilization, testing support twice, and trying to recover from the lows.
But there’s a catch...
📌 No confirmation yet.
The neckline still needs to be broken with strong momentum to validate this formation and trigger potential upside.
⚠️ Today’s tariff-related news could be the catalyst. A strong reaction may either confirm the breakout or invalidate the pattern entirely.
What to watch:
Break above the neckline with volume = potential entry ✅
Failure + breakdown = more pain to come ❌
This is a key technical level. Stay sharp and let price action lead the way.
DAX Bullish ReversalDAX Index (GER30) Trade Setup – 1H Chart Analysis
The DAX Index (GER30) is showing signs of a potential bullish reversal from a key support zone. The price has reacted at 21,975.87, indicating a possible upward move. A retracement to the **62% Fibonacci level (22,534.21) presents an optimal buy entry with a well-defined risk-to-reward ratio.
Trade Details:
- **Entry:** **22,534.21** (62% Fibonacci retracement)
- **Stop Loss (SL):** **21,975.87** (Below the recent swing low)
- **Take Profit Targets:**
- **TP1:** **23,476.14** (0% Fibonacci level)
- **TP2:** **24,056.53** (38.2% Fibonacci level)
- **TP3:** **24,995.45** (100% Fibonacci extension)
Analysis & Justification:
✔ Key Support Confirmation** – The price bounced off **21,975.87**, a significant support level.
✔ Fibonacci Confluence** – The 62% retracement level aligns with historical reaction zones.
✔ Moving Average Resistance** – A breakout above **22,600** could confirm bullish momentum.
✔ Risk-to-Reward Ratio** – The trade offers a **minimum 1.7:1 ratio**, improving with higher TP levels.
Silver (XAG/USD) - Bearish Breakdown from Rising Wedge!Market Overview:
The Silver (XAG/USD) 1-hour chart reveals a Rising Wedge pattern, which is a well-known bearish reversal formation. This suggests that the recent bullish trend is losing momentum, and a breakdown could lead to a significant price decline.
🔹 Key Technical Analysis
1️⃣ Rising Wedge Formation & Breakdown
The price has been moving within a rising wedge, characterized by higher highs and higher lows but with weakening momentum.
A breakdown has occurred, confirming the bearish structure as the price has failed to sustain higher levels.
Historically, when a rising wedge breaks to the downside, price tends to drop by the same height as the wedge itself, which aligns with our projected target zone.
2️⃣ Price Action & Retest Possibility
After the breakdown, a retest of the broken wedge support (now resistance) around $33.50 - $33.80 could provide a potential short-selling opportunity.
If price fails to reclaim the wedge support, further downside pressure is expected.
3️⃣ Downside Target & Support Zone
The measured move suggests a decline towards the $31.00 - $30.60 region, which coincides with a strong historical support zone.
This area is highlighted as a potential profit-taking level for short trades.
📉 Trading Plan - Short Setup
🔸 Entry: Look for a rejection from the $33.50 - $33.80 zone (previous wedge support, now resistance).
🔸 Stop Loss: Above $34.00 to protect against false breakouts.
🔸 Take Profit: $31.00 - $30.60 (previous demand area).
🔸 Risk-Reward Ratio: Favorable setup, ensuring proper risk management.
🛑 Risk Factors to Consider
⚠️ If Silver regains strength and breaks back above $34.00, it could invalidate the bearish breakdown and shift momentum back to the upside.
⚠️ Macroeconomic events such as inflation data, Fed speeches, or geopolitical factors could influence price action unpredictably.
Woah This One is InterestingI couldn't seem to find a single trend or pattern in this until I scaled back my time frame and zoomed out.
There is a massive volume profile gap that I labeled in my green lines that I believe price is now targeting long term.
One single tiny piece of news will make this thing sky rocket.
Watch for a nothing burger or spike down to grab liquidity one final time. With time, this will rocket.
BTCUSDT:The long position strategy has reaped profits successfulAs I had anticipated, Bitcoin (BTC) has started to recover. BTC has successfully broken through the 86,500 mark and even reached 87,000. The long position strategy has achieved profitability.
Currently, Bitcoin still maintains a bullish trend. It is advisable to wait for a price pullback and then initiate long positions.
BTC Trading strategy:
buy@84500-85500
TP:86500-87500
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Gold (XAU/USD) Bullish Breakout: Next Target $3,181?"Key Observations:
Current Price: Gold is trading at $3,127.450 at the time of the chart.
Trend: The chart exhibits a strong uptrend, with higher highs and higher lows.
Support Levels: Several support levels are marked in the $3,010 - $2,999 range, extending down to around $2,906.
Resistance and Target:
The immediate price range is highlighted, suggesting possible consolidation.
A breakout above this range could lead to a target around $3,181.
Chart Annotations:
A retracement (red structure) indicates a short-term correction before continuation.
A breakout structure (black lines) suggests a previous significant upward movement.
The range and possible continuation are marked, indicating that the price may consolidate before attempting to reach the target.
Trading Perspective:
If price holds above the range, we may see bullish continuation towards $3,181.
A break below support levels could signal a deeper pullback towards $3,010 or lower.
This chart suggests a bullish outlook, with potential for more upside if momentum continues. Traders might look for confirmations before entering long positions.
Eurusd 2 April 2025Important day as market await Trump announcements.
Price spike higher while waiting for it. Too early to tell, price could spike up even higher so price staying below resistant region and upper channel is important.
If not for Trump, will short it normally, now just a fraction of it.
Good luck.
EURNZD SELL IDEA i love how the zones on eurnzd have been super clear and with the recent bos a pullback has occurred and on the lower time frame we can see that price is starting to close back under support and for me once price did that the probability of at least going back into half of that zone makes this trade idea worth one me taking.
Brent Analysis 02-Apr-2025Possible scenarios on Brent amid the ongoing supply worries and sanctions.
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FCPO Week 14 2025: Retracement before going BEARISH.Price went higher today and this might be only a retracement before going lower again. For the remaining of the week, price might consolidate a bit before having any momentum to continue lower. If it indeed going lower, price will up the gaps before targeting TP1. Depending on price action TP2 is a possibility.
For price to fully go bullish, a close above 6600 is required.