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Support and Resistance

Ferrari Wave Analysis – 27 February 2025 - Ferrari reversed from round resistance level 500.00 - Likely to fall support level 440.00 Ferrari recently reversed down from the resistance zone between the round resistance level 500.00 (previous yearly high from 2024) and the upper weekly Bollinger Band. The downward reversal from this resistance zone is likely to form the weekly Evening Star Doji – if the price closes this week near the current levels. Given the strength of the resistance level 500.00 and the overbought daily Stochastic, Ferrari can be expected to fall to the next support level 440.00.
NYSE:RACEShort
by FxProGlobal
CN50 dips continue to attract buyers.CHN50 - 24h expiry Price action has continued to trend strongly lower and has stalled at the previous support near 13200. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 13400 will confirm the bullish momentum. The measured move target is 13550. We look to Buy at 13300 (stop at 13200) Our profit targets will be 13500 and 13550 Resistance: 13400 / 13500 / 13550 Support: 13300 / 13250 / 13200 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:CN50USDLong
by OANDA
GBPUSD Daily, H4,H1 Forecasts, Technical Analysis & Trading Idea💡 Daily Timeframe: FX:GBPUSD has been in a Range Bound recently. It touched and rejected from 1.2700 major resistance today. A peak is formed in daily chart at 1.27150 on 02/26/2025, so more losses to support(s) 1.25107, 1.23609, 1.22589 and minimum to Major Support (1.20981) is expected. 💡 Four-hour Timeframe: The uptrend is broken, and price is in an impulse wave. The bearish wave is expected to continue as long as the price is below the strong resistance at 1.2715 💡 One-hour Timeframe: 1.2640 support is broken now. It will act as a Resistance now! A strong bearish divergence has also formed in the RSI. Forecast: Correction wave toward the Sell Zone Another Downward Impulse wave toward Lower TPs SL: Above 1.2715
Short
by Navid_Jafarian
13
BTC CLEAR LONG SETUPBitcoin Price is having some confluent factors right around this zone which it's having confluent with the golden pocket + 4d 55 EMA + this support trend line. However, nothing is important regarding this levels we're seeing technical analysis. What I do care is about the behavior of the market participants which currently is very interesting. If you pay more attention, you should know that lately, we have seen SEC dropped some cases related to crypto companies. Uniswap, Consensys, Justin Sun, Coinbase, and Robinhood. This is ultimately a good news for the market. However, price keeps dropping. So who's selling? RETAIL! Retail traders are capitulating because they are now in pain. They did the FOMO thing when price was at $100k and they are now in -20% floating loss. They can't handle this so they're capitulating. But, the whales remains steady. As per our OTC analysis on the back door, some of the big whales are doing exactly huge amount of buying. So yes, I'm still bullish. MORE SIGNALS: @zcryptox
Long
by BITCOIN-BEARS
#TRUMPUSDT – Bearish Scenario, Breakout Down📉 SHORT BYBIT:TRUMPUSDT.P from $12.278 🛡 Stop Loss: $12.599 ⏱ 1H Timeframe ⚡ Trade Plan: ✅ The BYBIT:TRUMPUSDT.P price has formed a Bearish Flag and broke its lower boundary, confirming a bearish scenario. ✅ The asset is trading below POC (Point of Control) at $12.978, indicating strong seller dominance. ✅ Increasing volume on the breakdown further confirms the strength of the downward move. 🎯 TP Targets: 💎 TP 1: $12.100 🔥 TP 2: $11.900 ⚡ TP 3: $11.785 📢 A close below $12.278 would confirm further downside movement. 📢 POC at $12.978 is a strong resistance level that the price failed to break. 📢 Increasing volume on the drop supports the bearish outlook. 📢 Securing partial profits at TP1 ($12.100) is a smart risk-management strategy. 🚨 BYBIT:TRUMPUSDT.P remains in a downtrend – monitoring for continuation and securing profits at TP levels!
Short
by MoriartyTrading
3
NZDUSD Wave Analysis – 27 February 2025 - NZDUSD under bearish pressure - Likely to fall support level 0.5600 NZDUSD currency pair is under bearish pressure after the earlier breakout of the support trendline of the daily up channel from the start of February. The breakout of this up channel continues the active impulse wave 3, which started earlier from the key resistance level 0.5760 (former support from December), intersecting with the aforementioned up channel. NZDUSD currency pair can be expected to fall to the next support level 0.5600, a low of the previous minor correction b.
Short
by FxProGlobal
EURUSD -Weekly forecast, Technical Analysis & Trading Ideas💡 Daily Timeframe: EURUSD has been in a Range Bound recently. It touched and reject from 1.0528 major resistance today. A peak is formed in daily chart at 1.05285 on 02/26/2025, so more losses to support(s) 1.03570, 1.02920 and minimum to Major Support (1.01779) is expected. 💡 Four-hour Timeframe: The uptrend is broken, and price is in an impulse wave. The bearish wave is expected to continue as long as the price is below the strong resistance at 1.0528 A strong bearish divergence has also formed in the RSI. 💡 One-hour Timeframe: 1.0457 support is broken now. It will act as a Resistance now! Forecast: 1- Correction wave toward the Sell Zone 2- Another Downward Impulse wave toward Lower TPs SL: Above 1.0528 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Short
by ForecastCity
9
HOOKUSDT Breakdown Incoming? Key Signals Point to Bearish Move!Yello, Paradisers! Is HOOKUSDT gearing up for a major drop? The current structure suggests a strong probability for further downside as the price follows a triple three-wave pattern within a descending channel. 💎HOOKUSDT recently faced strong resistance from multiple confluences: 50 EMA rejection, Key resistance zone, Descending channel’s trendline, Formation of an "M" pattern. These factors increase the likelihood of a wave Z move downward. However, for confirmation, we need a clear breakdown of the support level with a candle close below it and high volume. 💎The broader crypto market also leans bearish, but waiting for the actual breakdown will further strengthen our probability of a successful trade. 💎Invalidation? If the price bounces and closes candle above the resistance zone, the bearish outlook gets invalidated. In that case, it’s smarter to stay patient and wait for a stronger setup. 🎖 Discipline and patience are key, Paradisers! The market always rewards those who wait for the highest-probability trades. Stay sharp! MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
1
Platinum at Key Support Zone – Will Buyers Step In?OANDA:XPTUSD is approaching a significant support zone, marked by prior price reactions and strong buying interest. This area has previously acted as a key demand zone, increasing the likelihood of a bullish bounce if buyers step in. If the price confirms support within this zone through bullish price action—such as long lower wicks or bullish engulfing candles—we could see a reversal toward 978.700, a logical target based on previous market structure and price behavior. However, if the price breaks below this support zone and sustains, the bullish outlook would be invalidated, potentially leading to further downside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
OANDA:XPTUSDLong
by TrendDiva
3
GBPNZD at Key Resistance: Rebound Toward 2.20986?OANDA:GBPNZD has reached a significant resistance zone, marked by historical price rejections and strong selling pressure. This area has previously acted as a key supply zone, increasing the probability of a bearish reaction if sellers regain control. The current market structure suggests that if price confirms a rejection from this resistance zone, we could see a potential drop toward the 2.20986 level. This level aligns with previous price reactions and serves as a logical downside target. However, a break and close above this resistance zone would invalidate the bearish bias and could signal further upside continuation. Traders should look for bearish confirmation signals such as rejection wicks, bearish engulfing patterns, or increased selling volume before considering short positions. This setup reflects the potential for a pullback after a strong bullish move, supported by historical price action and market structure. Do you agree with this analysis? Share your thoughts in the comments!
Short
by DanieIM
1
AUDUSD at Key Demand Zone – Potential Rebound?OANDA:AUDUSD has reached a significant demand zone, marked by historical price reactions and strong buying pressure. The recent decline has brought the price into this key support area, increasing the likelihood of a potential bullish reaction. If buyers step in and confirm support within this zone, we could see a rebound toward the 0.63260 level, aligning with a corrective move after the recent sell-off. However, a break below this demand zone would invalidate the bullish bias and could signal further downside continuation. Traders should watch for bullish confirmation signals such as rejection wicks, bullish engulfing patterns, or increased buying volume before considering long positions. Do you agree with this analysis? Let me know your thoughts!
Long
by DanieIM
1
NAS100 at Key Support – Bullish Rebound Ahead?PEPPERSTONE:NAS100 is currently testing a major demand zone, which has previously acted as strong support. The recent bearish move has brought price into this key area, increasing the probability of a potential bullish reversal. If buyers step in and defend this zone, we could see a bounce toward the 21,655 level, aligning with a short-term recovery from the current dip. However, a break and close below this support zone would invalidate the bullish bias and could lead to further declines. Traders should look for bullish confirmation signals such as rejection wicks, bullish engulfing candles, or a shift in momentum before considering long positions. Do you agree with this analysis? Drop your thoughts below!
ICMARKETS:USTECLong
by DanieIM
1
bch midterm sell limit"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Short
by Golden_candle
Multiple charts2.28.25 a lot of the markets we talked about yesterday looked like they were going higher. this video looks at all of those markets from yesterday... and so today would have been a good day to follow yesterday's setups. Tesla went a little bit lower today but it's a setup for a long trade when you find a two-bar reversal. coffee did trade a little lower but it's at a support area that is significant so I would be looking for this to show me a two-bar reversal going higher if I wanted to go long in this trade. we took a good look at gold and silver. oil went up about $2000 or 2 points I was reluctant to tell you whether you would stay long or not.... but that's okay because we can look at the market tomorrow and see what it did and what might happen once it starts Trading later tonight after the market takes a break. just a little caveat here: in the last couple of days it's been easy to evaluate the market but generally it has not been easy to trade the markets in the past couple months in my opinion. I tell you this because markets contract and they become very difficult to make decisions regarding what direction they will move.... and you can't change that but you can avoid overtrading and recognize that there are times in the market which you can see if you teach yourself to look.... and at the very least trade less or take a break until the market becomes more clear.
NASDAQ:TSLA
by ScottBogatin
1
Bearish momentum gaining tractionMarket Analysis: The current market structure is unfolding with clarity, exhibiting a familiar technical pattern. The price action initiated with a consolidation phase, characteristic of accumulation, followed by a bearish rally to the order block at 0.81400. This rally successfully broke the previous higher high, transitioning into a manipulation phase. Subsequently, bearish momentum gained traction, reaching the swing low and executing a slight liquidity sweep. The price then marginally rebounded to respect the immediate internal supply zone at 0.81600. A significant rejection occurred at this supply zone, culminating in the clearance of the swing low and resulting in displacement. Given this shift, the market is anticipated to reverse to the upside, facilitating a liquidity sweep and mitigation of the fair value gap. This final lag of the technique is expected to provide a bearish entry for the distribution phase, targeting the rejection block. Trade Setup: - Entry: 0.81700 - Stop Loss: 20 pips at 0.81900 - Target: 100 pips at 0.80700
by tokelohomi
#SHELLUSDT – Bullish Scenario, Expecting a Breakout📈 LONG BYBIT:SHELLUSDT.P from $0.7000 🛡 Stop Loss: $0.6671 ⏱ 1H Timeframe ⚡ Trade Plan: ✅ The BYBIT:SHELLUSDT.P price is showing strong momentum after breaking out of a consolidation zone. ✅ The asset has broken above $0.6957 and is holding above this level, signaling a potential continuation of the uptrend. ✅ Increasing volume confirms buyer activity. 🎯 TP Targets: 💎 TP 1: $0.7350 🔥 TP 2: $0.7700 📢 Holding above $0.7000 would confirm further bullish movement. 📢 POC at $0.4671 is far below the current price, indicating a trend shift. 📢 Increasing volume supports the bullish case. 📢 Securing partial profits at TP1 ($0.7350) is a smart risk-management strategy. 🚀 BYBIT:SHELLUSDT.P remains in an uptrend – monitoring for continuation and securing profits at TP levels!
Long
by MoriartyTrading
Nucor May Be StallingNucor has trended lower since April, and some traders may expect another push to the downside. The first pattern on today’s chart is the November 6 gap after Donald Trump was reelected U.S. President. The steelmaker failed to hold that bounce and proceeded to a new 52-week low by early January. It then rebounded and may have made a lower high. Next, prices are stalling at a low from October 2023 where NUE bounced several times in late 2024. Has old support become new resistance? Third, the 50-day simple moving average (SMA) is below the 100-day SMA. Both are under the 200-day SMA. That may be consistent with a longer-term downtrend. Finally, MACD just turned negative. 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:NUE
by TradeStation
The bears haven’t gone away, continuing to short gold！Bros, I want to say that 2868 is definitely not the lowest point at the current stage, and the bears have not stopped roaring. After gold falls below 2970, market panic will lead to deep selling, which will drive gold prices further down. So the bears have not left yet, and any rebound is an opportunity to short gold. As the center of gravity of gold prices moves down, the current resistance has moved down to the 2895-2905 zone again. If gold remains below this area, I think gold is likely to move towards the 2840-2830 zone next! Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
OANDA:XAUUSDShort
by Trader_Marvin