Support flipOn my previous analyses I looked at the possibility of this pair to continuation in direction to the upside but price broke the recent support and flipped making a new support. I am keeping eye on a possible retracement to the recent resistance (flip) where that could be a new high or lower high 0.54485,
Rectangle
EURGBP: Intraday Bearish Pattern 🇪🇺🇬🇧
EURGBP has a nice potential to continue falling.
After a strong bearish wave, the pair was consolidating
within a horizontal range on an hourly time frame.
The support of the range was broken this morning.
It indicates the strength of the sellers and a highly probable
bearish continuation.
I think that the pair may reach 0.8543 level soon.
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GOLD (XAUUSD): Important Supply and Demand Zones to Watch
Gold closed in indecision this week, respecting 2 supply and demand zones.
The price went rejected from an expanding supply zone based
on a resistance line of a rising parallel channel and a horizontal resistance.
The market also respected a horizontal demand zone based on
a horizontal support cluster.
After the market opening, I will monitor the reaction of the price to these zones
and will look for trading opportunities from there.
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Dow Jones Index (US30): Intraday Bullish Signal?!
Update for the yesterday's setup on US30.
Earlier, we spotted a confirmed breakout of a key daily resistance.
After that, the market retested the broken structure and started to
consolidate within a narrow range on a 4H time frame.
The resistance of the range was broken this morning.
It is a strong intraday bullish signal.
Growth may continue to 21250
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#srf weekly chartlong time consolidation is going on this scrip for the last couple of yrs and several times it has touched the support and resistance boundary and respected it perfectly. Now it seems it is ready for break out from its zone, picture perfect rectangle. good for long if it gives opportunity at lower levels.
$SPY July 30, 2024AMEX:SPY July 30, 2024
15 Minutes.
AMEX:SPY was in the range 524 to 547 as expected.
The steep fall from 565 to 537 resulted in moving averages being far away.
That is getting sorted out and now downtrend until 200 averages is crossed on upside in 15 minutes.
I expect a resistance around 547 to 548 levels being previous few bars' highs and 200 average levels. And if it gives above 548.5 549 to 549.3 will give resistance being 61.8% retracement for the big fall from 566 levels.
Tomorrow, Wednesday could be a day to find a trade.
US DOLLAR INDEX (DXY): Bullish Move After ConsolidationThe Dollar Index had been trading within a horizontal range on the 4-hour chart for a significant amount of time before breaking through its resistance today.
I anticipate that this breakout could lead to a bullish trend continuation, with a target price of 104.80.
BTC : Fibonacci Grid
Time and Space only exist between two points.
You can build an entire grid system using only two points, and multiples of the distances between those two points.
On a price and time scale, this can be useful in establishing critical levels used to assist us with trading.
Which two points you choose can unfold entirely different results.
In this example,
two relatively recent points were chosen to maximize accuracy and effectiveness of the grid in relation to the most current candles.
This idea is presented using the 2Day timeframe to allow the display of the entire history of Bitcoin.
Finding the two points used to build this particular grid structure
is as simple as locating the intersection of price level 0 and time level 0 (0,0),
and the intersection of price level 1 and time level 1 (1,1).
Multiples of the vertical distance between the two points are extended vertically on the price scale,
and multiples of the horizontal distance between the two points are extended horizontally on the time scale.
Within these unitary extensions, Fibonacci-numbered levels are specifically highlighted as vital extension levels based on the two chosen points.
Don't forget to also view the chart using the linear price scale for an alternate perspective.
Any two levels on the same scale can be further divided if needed to assist with action on smaller scale frames :
For more information on how Fibonacci levels can interconnect and overlap,
see this shadow-banned educational idea :
Finally, thank you to my followers and to those who enjoyed viewing these ideas.
Please feel free to give them a boost if you like them.
// Durbtrade
Venus Pipes Breaking outVenus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. Fundamentals are good. Rising OPM, Net profit, EPS with consistent tax rate. Good 3Y ROE, sales and profit growth. Reducing debtor days. Stakes increased by Promoters, DII, FII in last 2Q. No:of Shareholders jumped in recent quarter expecting good result. And company didn't fail that. Double digit growth in Q3. Chart with targets displayed
YOY QOQ
Sales 52% 8.4%
EBIDT 123% 12.39%
Net Profit 106% 14.77%
EPS 106% 14.93%
Wait to scale-in at the edge of box of 4H chartTrump is lenient towards cryptocurrencies, and recently, due to Trump, there has been a significant surge, including Bitcoin.
The daily chart seems to indicate a rebound for several more days. The 4-hour chart shows a consolidation within a range, with a high probability of a future upward breakout. The entry point could be at the bottom of the range if it breaks the support, or upon breaking through the top resistance of the range.
Layup trade in FTSE 100?The FT100 has formed a descending triangle over the past 53 days, with 14 showing the price settling into a small rectangle pattern. The rectangle pattern is my favourite setup, and both patterns are equally significant, making managing entries and stops easy.
A break below 8,110 suggests the stock could drop by 2.6% to 7,899, while a break above 8,284, the upper limit of the rectangle pattern, could lift the price to 8,462. We are looking for a breakout in either direction, ideally confirmed by movements in other stock indices.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
MANA Set to Skyrocket: Aiming for an Explosive $10.5 TargetDecentraland (MANA) appears to be in the final stages of Wave (4) within an Elliott Wave pattern. The rectangle consolidation suggests a potential breakout is imminent, with a significant upward movement targeting $10.5. Traders should watch for a breakout above the $2 resistance level for confirmation of the next bullish phase.
Bitcoin - Satoshi is AIQuestions and Answers:
1)
Question: According to many YouTubers, Bitcoin is people's money and is supposed to take away power from banks and potentially end the era of central banks and their money printing.
Answer: This is incorrect. Bitcoin has full support from banks. In 2024, a lot of Bitcoin ETFs were launched. One of them is the ETF from BlackRock. With their power, they can make a 51% attack on Bitcoin and get rid of it.
2)
Question: The conspiracists shockingly believe that bitcoin is part of a “final beast system,” which is taking over the world through hard infrastructure.
Answer: Bitcoin is the next money into a purely cashless, digital form. Combined with biometrics, it creates the necessary technological infrastructure for a one world cashless ID, otherwise known as the mark of the beast, which AI will use for complete economic surveillance and control over the human race. 1 wallet per 1 person, monitored 24/7, limited spending power and suspended anytime by government. Is that what you want?
3)
Question: Would crypto currencies like bitcoin or ethereum be part of the AI future?
Answer: Yes, smart contracts and blockchain have a great use case in AI.
4)
Question: Did the CIA or NSA create Bitcoin?
Answer: Yes. Bitcoin was created by a shadow government. One of the reasons is to eliminate cash on the planet. The banking system is in trouble because people are starting to wake up (not fast enough, though) to the fact that it is all funny money. So they developed Bitcoin, which sounds just great and pulls in all the people who are waking up.
We all know that the shadow government has technology that is not available to the public. Some people say they may be 50 or 100 years ahead, and they already used AI systems decades ago before they released them to the public.
5)
Question: What AI technology we use today?
Answer: This AI technology is not new. It's not created by humans. It's part of a huge Galactic AI system that is in existence for a very long time, more than you can imagine. This technology was bringed to this planet by unspecified entitites.
6)
Question: What is required for AI to run?
Answer: It required electricity, microchips, computers, internet. The whole infrastructure that was build on Earth in past 100 years was one of the reasons to implement AI.
7)
Question: How may future look with AI?
Answer: Elon Musk already developing Neuralink, which is an interface to connect your brain into an AI cloud system. That means your thoughts that you have will not be yours, but will come from the AI systems. AI will tell you what you will eat, what sport you will play or what you will do during the day. This is of course part of the transformation process from organic human to a cyborg. We all know that modern technology such as wifi, bluetooth or electronic devices are not healthy and causing anxiety and depression. Human body is entirely not compatible with this technology. It breaks the highest natural law of life. Anyone who consciously support this is basically jumping into a boiling water.
“Eventually, as these AI begin to communicate amongst themselves in a language we will never be able to crack, it might become all consuming."
“What if Satoshi was a sentient AI who invented Bitcoin so it could acquire more hardware without violating Asimov's 3 laws?
“Think about it, how else could an AI acquire billions of dollars of real world purchasing power without stealing.”
In a book an AI program creates a virtual currency that it uses to pay humans to carry out tasks for it.
It's conceivable that true AI would create a cryptocurrency to help fund itself and interface with the "real" world.
There are rumors of BitCoins being written by AI, and that farming crypto-currencies is building an AI infrastructure. They came back from a future timeline where men and robots destroyed the planet using nuclear bombs, to rewrite a better timeline, and determined that inserting BitCoins into our society would be the best way to alleviate fears of AI and to help humans accept machines. Those who embrace technology would then become rich.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
GOLD (XAUUSD): Important Decision Ahead
Gold is trading in a global bullish trend.
We can see that after a strong bullish wave in February and March,
the market stopped growing and started to trade within a horizontal range.
The market is stuck within the range for more than 3 months.
We see a test of its upper boundary at the moment.
An important decision is now ahead.
I believe that a bullish breakout of the resistance of the range
and a weekly candle close above that will be a strong bullish signal.
A new bullish wave will most likely initiate then.
Alternatively, the market may respect the resistance of the range the 4th time and keep
staying within its boundaries.
Let's watch the price action and look for the signal.
I will post the update soon.
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AUDCAD: Bullish Trend Continues?! 🇦🇺🇨🇦
AUDCAD has a nice potential to continue moving up.
Last week, the price was consolidating within a narrow range on a daily.
A bullish breakout of the resistance of the range is a strong bullish signal.
With a high probability, the market will keep growing.
Next resistance will be 0.9295
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EURGBP: One More Short 🇪🇺🇬🇧
After our yesterday's profitable short,
I see one more selling opportunity on EURGBP.
After a strong bearish wave, the pair started to consolidate
within a narrow horizontal range on an hourly time frame.
The release of morning's UK/EU Fundamentals triggered
a bearish reaction causing a breakout of a support of the range.
I opened one more short on the pair.
Next goal - 0.8415
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Gold Tests 2-Week Highs - Will We See A Breakout?Gold is making another run at its 2-week high near $2385, even with China stopping its purchases for a 2nd straight month.
A breakout here could expose the record highs near $2450 in short order. Watch US CPI as a possible fundamental catalyst in one direction or another.
-MW
EURGBP: Bearish Move From Resistance 🇪🇺🇬🇧
As we discussed on a live stream,
EURGBP may drop from a solid horizontal resistance.
Bearish breakout of the support line of a tiny intraday range
on an hourly time frame is our strong bearish confirmation.
The price may reach 0.8446 level soon.
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GOLD (XAUUSD): Technical Outlook Explained
Gold is currently consolidating within a narrow horizontal range on a 4H time frame.
The reaction of the market to Powell speech was very limited and the price did not
manage to initiate an impulsive movement.
If you are looking for a bullish confirmation,
I suggest waiting for a bullish breakout of an upper boundary of the range.
A 4h candle close above 2371 will confirm a violation.
A bullish continuation will be anticipated at least to 2390.
Alternatively, a bearish breakout of the support of the range
will trigger a further bearish continuation lower to 2338 support.
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