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Support and Resistance

IBM: Sneaking Toward a Breakout?International Business Machines is the top-performing member of the Dow Jones Industrial Average this year, and some traders may think it will keep climbing. The first pattern on today’s chart is the push above $269 last week. The IT company pulled back after hitting that record peak, but found support at its rising 21-day exponential moving average (EMA). It also closed above its 8-day exponential moving average (EMA), which is additionally above the 21-day EMA. Those signals may be consistent with a short-term uptrend. Next, IBM is above $261.64, the previous weekly closing high from early March. That may suggest a breakout is being attempted. Third, MACD is rising. Fourth, you have some longer-term patterns. The 50-, 100- and 200-day simple moving averages (SMAs) are in a potentially bullish sequence, with faster SMAs above the slower. IBM also held its January low in April, avoiding the deeper declines experienced by the broader market. Those patterns may be consistent with long-term strength. Check out TradingView's The Leap competition sponsored by TradeStation. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:IBM
by TradeStation
EURUSD - Expecting Bearish Continuation In The Short TermM15 - Clean bearish trend with the price creating series of lower highs, lower lows. No opposite signs. Expecting further continuation lower until the two Fibonacci resistance zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VladimirRibakov
DeGRAM | TONUSD forming the new triangle📊 Technical Analysis ● Price exited a 6-month falling wedge, retested the purple breakout line near $2.90 and is printing successive higher lows inside a nascent up-sloping channel. ● The wedge’s 0.618 projection and horizontal cap align at the $3.95 resistance band; holding above the $2.89 support trend keeps that target in play, with the long-term ceiling at $5.99 next. 💡 Fundamental Analysis ● Telegram has begun routing merchant payments through TON rails, broadening real-world demand for the token. ● Recent on-chain data show earlier long-term holders taking profit near $5 yet buyers quickly absorbed supply, signalling underlying bid strength ahead of another push higher. ✨ Summary Buy dips toward $2.90-3.00; as long as the breakout line holds, look for $3.50 then $3.95. Bull thesis void on a weekly close below $2.82. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
3
How to seize this golden short-term opportunity!Yesterday, gold continued to fall from its highs, and the short-term trend was in line with our expectations. The lowest price of gold yesterday hit around 3285, which was also the long area given in yesterday's analysis. In addition, the secondary layout of long orders in yesterday's analysis brought us good returns. At present, gold is in a rebound stage as a whole. Although the momentum and amplitude of the rebound have not increased significantly, this trend has shown signs of a gradual recovery in the market. In terms of short-term operations, it is recommended to follow the trend and wait for the price to fall back before choosing an opportunity to go long. Yesterday, the gold price fell again to around the 3285 mark and received effective support. Today, we still need to focus on the support performance of this area. From the perspective of the 4-hour cycle, today's gold price relies on this area as a short-term strength and weakness dividing line for long and short layout. The lower support focuses on the 3275-3283 range, and the upper pressure is around 3316-3320. The short-term key watershed is around 3275-3280. As long as the daily level does not effectively fall below this area, the overall judgment of the long and short shock range is still maintained. In terms of operation, the "high-altitude and low-multiple" rotation idea will continue to be the main focus. If the market situation or rhythm changes, the strategy will be adjusted in time according to the actual market situation and will be notified separately. Gold operation strategy reference: 1. If gold falls back to the 3275-3285 area, you can consider placing long orders, with the target at 3316-3320. 2. If gold rebounds to the 3316-3321 area, you can try to short with a light position, with the target at 3288-3290.
OANDA:XAUUSDLong
by TP_Daniel5
Nifty Analysis EOD – May 28, 2025 – Wednesday🟢 Nifty Analysis EOD – May 28, 2025 – Wednesday 🔴 Consolidation at the bottom—ready to blast? Or more of the same tomorrow? 📊 Nifty Summary: Nifty opened mildly higher at 24,832.50, only to spend the entire session grinding within a narrow 127-point range. Most of the action stayed trapped in a 60-point box, giving day traders a frustratingly sideways experience. Attempts to break the range failed, and the index closed at the day's lower edge, continuing the consolidation near key support zones. 🔍 Intraday Walk: Nifty opened with a small positive bias but failed to find follow-through. For the major part of the day, price action remained boxed in a tight range—ideal only for scalpers and option writers. An attempted breakout was seen, but the index quickly fell back into the consolidation zone. Triangle breakout on 5-min chart came late (3:00 PM), with no time for validation. Closed near day’s low at 24,752.45, just above crucial support. 🛡 5 Min Chart with Patterns 🛡 5 Min Chart with Patterns and Levels 🔎 Chart Observations: 🔸 Mini M-Pattern formed twice on 5-min chart at key level—adds to bearish caution. 🔸 Box consolidation zone repeated from yesterday’s range. 🔸 Symmetrical Triangle seen on 5-min chart broke on the downside at 15:00—too late to act but worth noting. 🔸 Yesterday’s low stayed protected, though price closed weak. 🔸 Volatility dried up ahead of monthly expiry—expect positioning tomorrow. 🕯 Daily Time Frame Chart 📉 Daily Candle Breakdown: Open: 24,832.50 High: 24,864.25 Low: 24,737.05 Close: 24,752.45 Change: −73.75 (−0.30%) Candle Structure: Real Body: 80.05 pts (Red candle) Upper Wick: 31.75 pts Lower Wick: 15.40 pts Interpretation: Small-bodied candle with short wicks on both ends—a Bearish Spinning Top, hinting at indecision but with a slight bearish bias. Inside Bar formation – breakout watch on either side. 🧠 Key Insight: The market is digesting the recent downside with sideways consolidation. If bulls fail to protect 24,700, deeper cuts could follow. On the flip side, a break above 24,882 could trigger short-covering ahead of expiry. 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update: ATR: 299.84 IB Range: 121.2 → Medium Market Structure: Balanced Total Trades: 0 ❌ No valid triggers today – system stayed out due to tight range and lack of momentum. 📌 Support & Resistance Levels: 🔺 Resistance Zones: 24,768 ~ 24,820 24,882 24,894 24,920 24,972 ~ 25,000 25,062 ~ 25,070 (Rejected for 5th time!) 25,116 ~ 25,128 25,180 ~ 25,212 25,285 ~ 25,399 🔻 Support Zones: 24,737 ~ 24,727 24,700 24,660 24,640 ~ 24,625 24,590 24,530 ~ 24,480 24,460 🔮 What’s Next? Scenario 1 – Breakdown:If 24,700 breaks and sustains, Nifty may head towards 24,589 → 24,500 → 24,461. Scenario 2 – Breakout:If 24,882 breaks and sustains, Nifty can test 24,920 → 24,972 → 25,000 → 25,065 → 25,116 → 25,180. 📍 Most probable scenario:Expecting a range-bound day between 24,660 and 24,882, typical of Monthly expiry sessions. However, if short covering triggers, the day could flip into a trend day. ⛔ Caution: Tomorrow is a tricky expiry day—stay nimble, follow strategy, and respect levels! 🧘 Final Thoughts: "The calm before the storm often wears the mask of boredom. When the market sleeps, prepare for the wake-up call." ✏️ Disclaimer:This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
DeGRAM | GOLD reached the resistance line📊 Technical Analysis ● Twin rejections inside the 3 300-3 340 supply, exactly where the purple retest line and rising-channel ceiling intersect, have carved a lower high and completed a bearish flag. ● RSI confirms negative divergence and the candle body is back below the 3 284 pivot, favouring a slide toward the channel median at 3 172 and, if broken, the floor/September swing low near 3 100. 💡 Fundamental Analysis ● Upbeat US second-estimate GDP and stronger durable-goods orders pushed 2-yr Treasury yields above 5 %, raising gold’s carry cost, while WGC logs a sixth straight week of ETF outflows and the PBoC reportedly paused reserve buying in May. ✨ Summary Short below 3 300; objectives 3 172 → 3 100. Invalidate on a sustained close above 3 350. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
FX:XAUUSDShort
by DeGRAM
1
Key data will be released, gold will usher in a turning point🗞News side: 1. Musk issued the "strongest" condemnation of Trump 2. Trump and Netanyahu failed to reach an agreement, and the US-Iran negotiations may be "disrupted" by Israel 📈Technical aspects: Gold prices continued to fall this week as Trump extended the impact of increasing tariffs on the European Union. After stabilizing at 3285 and rebounding yesterday, the gains and losses at 3315 during the day are the key to the subsequent layout. The current Asian session did not stand above 3315 in the morning, which means that the short-term retracement and decline have not ended, and only by breaking through 3315 can there be a chance to continue upward. The 4H level of gold is not so strong at present. The market encountered resistance and fell back at the upper track. Now the market has touched the lower track. The Bollinger Bands have not opened and are still flat, indicating that the market is in a volatile trend in the short term. The support below 3280 just coincides with the lower track. The upper side pays attention to the resistance near the middle track of 3325. If the pressure near the middle track of 3325 is broken, it can be seen to the upper track of 3365. If the market breaks below 3280, it is expected to go to 3260-3250. The European session will temporarily maintain a high-altitude low-multiple cycle. Pay attention to 3315-3325 on the upper side and 3285-3280 on the lower side. If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
OANDA:XAUUSDShort
by AllenBoswell
EURUSD Bearish continuation? 1. On the weekly time frame (1W) EURUSD is quite bearish, a good amount of lows been raided giving us confirmation that price maintains its bearish momentum. 2. When we zoom in, we find atleast on area where price is reacting to as mitigation in concerned between price levels 1.16149 and 1.15083. Between this price range we see price reacted by giving us atleast a good market shift to the downside after some stop hunt. 3. Dropping to the daily timeframe (D), wecan clearly see price has grabbed some sort of liquidity and broken structure to the down side of which this supports our weekly analysis. 4. Coming to our hourly time frame, we see price in a very good ascending channel that has broken its trend line to the downside confirming more bearish momentum. 5. We can have our direct executions or pending orders on flipped zones or when price retraces to these flipped zones as prices creates lower lows. Any other thoughts on this?
Short
by shepherd_mwila
XAUUSD Bullish Signal | Technical + Custom Algo📈 This signal is the result of a fusion between classic trend analysis and a proprietary algorithm I’ve personally developed. First, the system identifies the market trend strictly through technical indicators — no emotional bias, no subjective interpretation. Next, a custom-built intelligent algorithm analyzes the data to pinpoint optimal entry and exit points, then generates the signal. 🔍 The outcome? A fully data-driven signal — no guessing, no personal bias involved. 📌 Note: This signal is intended for educational and analytical purposes only. Trading is at your own risk.
OANDA:XAUUSDLong
by PowerBlock
Short-Term Key Levels for Silver as Price ContractsSilver has been contracting over the last couple of days. While the gold/silver ratio remains at historically high levels, ongoing risks in global trade and manufacturing provide strong justification for this imbalance. In the short term, unless XAGUSD breaks above the 33.45 resistance, the direction may remain to the downside. The 200-hour moving average—often used as both support and resistance—can be followed as the next key short-term target. If this moving average is broken, bearish pressure could intensify. For upward moves, a breakout above 33.45 could open the way toward 33.55 and 33.70 levels.
OANDA:XAGUSDShort
by ftdsystem
Nifty levels - May 29, 2025Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
BankNifty levels - May 29, 2025Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We trust that this information proves valuable to you. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you successful trading endeavors!
NSE:BANKNIFTY
by sacxe
FURTHER SHORT POSITIONSXAU/USD 1H - I am looking for further short opportunities on this market as well this week. Waiting for price to trade us up and into the area of Supply I have gone ahead and marked out for you all. As soon as we see price trade us up and into the Supply Zone above, we have means to look to short assuming price breaks down nicely and delivers us with the confluence we need in order to enter. I want to see price trade up, trade in and break structure to the downside fractally, in doing so we the confirmation needed to actually add to our short positions, riding price down and into the Demand Zone below. Once we have all pieces of confluence, I will let you all know and if the trading opportunity presents itself I will be sure to keep you posted and send out the trade I am placing myself.
OANDA:XAUUSDShort
by Lukegforex
USD/CHF POTENTIAL SHORTSUSD/CHF 4H - As you can see from this market, price has been continuing to trade us lower longer term, delivering us with a higher timeframe break of structure to the downside recently. This as we know confirms an end to the corrective wave that has traded price up and into the higher timeframe Supply and confirms the start of the next impulse to trade price lower. This is a market I will be looking to take part in shortly. As soon as price has trade into this fractal area of Supply that has been found by looking at the impulsive wave that broke structure initially we can begin looking to take the market short. This is a case of waiting for price to trade into the area, giving us a more refined trade and one at a better price, as soon as I have something I will be sure to let you all know.
Short
by Lukegforex
EUR/USD POTENTIAL TRADE SETUPEUR/USD 30M - As you can see price has recently come to clear an area of Demand, we have since seen price trade us to the upside suggesting enough Demand has been introduced to potential flip the balance. We will get confirmation of this once we see price break the last protected high within the bearish move that traded price down and into the Demand Zone in the first place, once we have been delivered with that we have means to look to buy. When delivered with this break in structure I will be looking at the impulsive wave that has broken structure for areas to enter in long on this market. I will be looking for key areas of Demand that have been left as a footprint. Once we see price trade down and into the area of Demand after breaking the structure this is when I will be looking to get involved in this market with those buys, simply waiting for a penetration and rejection before entering.
Long
by Lukegforex