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Support and Resistance

How Low Could the Nasdaq Go?The Nasdaq-100 has pulled the broader market lower since late February. What could be next for the tech-heavy index? The first pattern to consider is the 20,315 level: its post-election pullback low on November 15. NDX slid below that price in early March and rebounded to stall at the same area last week. That could make some chart watchers think old support has become new resistance. The index also peaked at its 200-day simple moving average (SMA), which may suggest the longer-term trend has grown more bearish. The falling 8- and 21-day exponential moving averages (EMAs) may paint a similar picture in the shorter term. That combination of patterns, including a lower high at old support, could make traders expect a lower low. The September trough near 18,400 may be a logical place to look. We’ll next consider two important charts impacting the Nasdaq. First, Apple NASDAQ:AAPL made a potentially lower high at its falling 21-day EMA. It also stalled at a 50 percent retracement of a recent move. The 50-day SMA may be nearing a “death cross” under the 200-day SMA, as well. Second, the Philadelphia Semiconductor Index NASDAQ:SOX closed slightly below its previous low from April. Does it face risk of a further breakdown? If those two charts result in bearish price action, it may additionally keep pressure on NDX. 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.
NASDAQ:NDX
by TradeStation
Grasp the trend and analyze the full range of BTC longsTechnical analysis: Based on in-depth technical analysis, the current BTCUSD decline has slowed down, and there are signs of building double bottom support. The 50-day moving average and the 200-day moving average form a golden cross, the MACD indicator continues to strengthen and the bar chart continues to expand. As BTCUSD stops falling, market sentiment is gradually warming up, institutional funds continue to flow in, fundamental support is solid, and the upward momentum may gradually strengthen. It is the right time to go long. BTCUSD operation strategy: Go long in the 82500-81500 area. Target 83000-84000 Trading discipline: 1. Don't blindly follow the trend: Don't be swayed by market sentiment and other people's opinions, operate according to your own operation plan, market information is complicated, and blindly following the trend is easy to fall into the dilemma of chasing ups and downs. 2. During the transaction, we will continue to pay attention to news and technical changes, inform us in time if there are changes, strictly implement trading strategies and trading disciplines, move forward steadily in the volatile market, and achieve stable asset appreciation.
BITSTAMP:BTCUSDLong
by TP_Daniel
1
GBPAUD: Important BreakoutThe GBPAUD is currently in a strong bullish trend on a daily basis. Over the past three weeks, the pair has been trading within a horizontal range. As the market opens after the weekend, the pair is showing strong bullish momentum. Breaking above the resistance line of the range suggests that a bullish accumulation has been completed. This breach of resistance confirms the strength of buyers and suggests a likely continuation of the bullish trend. The next resistance level to watch for is at 2.0800.
Long
by linofx1
2
Gold (XAU/USD) Technical AnalysisGold (XAU/USD) Technical Analysis #### **Current Market Overview** - **Price:** $3,092 - **Support Level:** $3,087 - $3,083 - **Resistance Level:** $3,095 - $3,100 - **Trend:** Uptrend continuation, with price holding above key EMAs --- ### **📈 Bullish Scenario** - If the price **breaks above $3,095 - $3,100** resistance, expect further upside movement towards **$3,110 - $3,120**. - The **rising trendline and EMA support** suggest buyers are in control. - A strong close above resistance could trigger **momentum buying** and fuel a rally. --- ### **📉 Bearish Scenario** - A **failure to break $3,100** may lead to a pullback towards **$3,087 - $3,083** support. - If sellers push below this support zone, further downside towards **$3,076 and $3,065** is possible. - Increased selling pressure may shift sentiment, leading to a correction. --- ### **Conclusion** - **Above $3,095:** Bullish continuation toward higher levels. - **Below $3,087:** Potential bearish correction before another leg up.
OANDA:XAUUSDLong
by elitetrader9090
Trade the Yellow Level​The Yellow Level of 21.37 acts as a key inflection point for GME since 2022.In May 2024, GME's stock experienced significant volatility (The Hiccup), closing the month at $23,14 - close to the Yellow Level. Similarly: June 2024 closing price: 24,69; July 2024 closing price: 22,67; August 2024 closing price: 23,42; September 2024: this is where things get interesting. On September 11th, the price was hammered below the critical support level of 21,37 - and spent 7 trading days below that level, then immediately reclaimed it on September 20th. This level was lost on 7th of October, an attempt to breakout was made in between 14th and 18th of October, and the price got hammered again. Another breakout was attempted on 25th of October and confirmed on 4th of November. It's been over that level until 27th of March, when a short ladder attack happened. The level held firm, briefly falling under 21,37. The Yellow Level is crucial for GME: 1) The stock has tested The Yellow Level previously, making it a potential demand zone where buyers might step in. If it holds, a reversal upwards could be on the table. 2) If GME bounces off 21,37, it could trigger bullish momentum, pushing it toward 34,20 and higher; 3) If GME breaks below 21,37 and confirms it as resistance, it could go as low as 18,66 4) Trading volume always spikes around this level, it confirms that market participants view it as meaningful support. Check volume on March 27th. The Yellow Level isn’t just a number—it’s been a decision point since at least 2022. How GME reacts here will determine the next wave of momentum, so watching for price action and volume is crucial now.
NYSE:GMELong
by Neuromeat
3
Gold surges and then falls, indicating an imminent fallGold early stage layout plan: Long and short strategy all the way to stop profit in the actual market, huge profits, witnessed by the whole network! Technical analysis of gold: At present, Trump's tariff policy will be officially announced on Wednesday. Today, Asian stock markets fell across the board in the Asian session, because Asian stock markets opened the earliest. According to historical laws, the stock market's reaction is the fastest. European stocks may also fall across the board. The short-term decline in the stock market often brings a short-term rebound in the price of gold. Focus on the trend of the US stock market. Once the US stock market falls sharply and rapidly, it is often accompanied by a rapid decline in the price of gold. In the morning, the price of gold has rebounded by more than 50 points from the low of 3076 to 3127. After rebounding by more than 50 points, we can intervene in short selling at 3120-25, and close the position when it falls back to around 3105-15. Today, the European and American sessions focus on the breakout of 3127-30. If the European session fails to break higher, then this point may become a short-term high point. It is best to take long positions when it falls back to around 3105-3100. Finally, I would like to advise all retail investors that when the market fluctuates violently, if you cannot control yourself and go with the trend, then shorting may be the best choice. It is better not to do it than to make mistakes! Watching more and doing less is also a suitable strategy. I will remind you of the specific operation strategy during the trading session, and you should pay attention to it in time. If your current gold operation is not ideal, I hope that your investment can avoid detours. Welcome to communicate and exchange! Gold operation strategy: short gold at 3120-25, target 3105-3115, and go long at 3110-3100. Trading discipline: 1. Don't blindly follow the trend: Don't be swayed by market sentiment and other people's opinions, and operate according to your own operation plan. Market information is complicated and blindly following the trend is easy to fall into the dilemma of chasing ups and downs. 2. In gold trading, we will continue to pay attention to news and technical changes, inform you in time if there are any changes, strictly implement trading strategies and trading disciplines, move forward steadily in the volatile market, and achieve stable asset appreciation. (Note: The above strategy is based on the current trend, and will be adjusted according to real-time fluctuations during trading. It is for reference only)
OANDA:XAUUSDShort
by TP_Daniel
PSEi Index - Long-Term Technical OutlookChart Overview: The monthly chart of the PSEi Index (Philippines Stock Exchange Index) presents a crucial technical setup, reflecting long-term historical price action, key support/resistance levels, and potential future movements. Key Observations: Current Price & Trend: The index is currently trading at 6,180.72, experiencing a sharp decline of -5.33%. Price is below a key resistance level of 6,695.81, indicating a bearish phase. Major Support Levels: 4,039.15: A significant long-term support level. 439.53: An extreme historical low (unlikely to be revisited). Major Resistance Levels: 9,078.37: A key breakout level for a bullish reversal. 13,285.55: A major resistance from previous highs. 20,069.49: Long-term upside target in case of a bullish breakout. Potential Scenarios: Bullish Case: If the price reclaims 9,078.37, a rally towards 13,285.55 and eventually 20,069.49 could unfold. A breakout above 13,285.55 would signal a strong bull market. Bearish Case: If the index loses support at 6,180.72, it could decline towards 4,039.15. Further downside could expose the market to a deep correction. Technical Indicators & Sentiment: The market is currently consolidating near historical support. If buyers step in, a strong upward reversal is possible. Failure to hold current levels may result in further downside. Conclusion: The PSEi Index is at a critical juncture. A breakout above 9,078.37 could trigger a strong uptrend, while a breakdown below 6,180.72 increases the probability of testing lower support levels. Traders should watch for volume confirmation and price action near key levels before making decisions.
PSE:PSEI
by deepanshusuman
GOLD:Short positions are dominant in New York sessionToday, gold jumped higher and opened higher. After filling the gap, it continued to rise, breaking through the 3100 mark and approaching 3130. The excessive and rapid rise caused the MACD indicator to diverge, giving us the opportunity to short this time, from which we gained 1000+ points of profit. Together with the profit of nearly 2000 points in the Asian session, we have gained more than 3000 points of profit today. At present, the price is still falling, with weak support roughly around 3107 and strong support around 3098. Before the start of the US session, the price is expected to fluctuate in the 3100-3130 area. There will be large fluctuations after the opening, and the possibility of falling from a high position is greater, so the US session can pay more attention to the opportunity to short at a high position.
OANDA:XAUUSDShort
by Trading_King_Arthur
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed sharply lower, forming a long bearish candlestick, as recession fears intensified. The index fell toward the lower Bollinger Band on the daily chart, while the MACD moved closer to the signal line, indicating a correction. On the weekly chart, the Nasdaq faced resistance slightly above the 5-week MA, forming an upper wick and closing lower. The MACD is falling steeply, and the signal line is also in a downtrend, suggesting the potential for an overshooting move downward before forming a bottom. From a daily perspective, key support zones to watch are around 19,000 (first level) and 18,500 (second level). The MACD has not yet crossed below the signal line, but if a bearish crossover (death cross) occurs, a strong third wave of selling pressure could emerge. Therefore, caution is advised for long positions. However, since the MACD has not yet confirmed a bearish crossover, there is also the possibility of a rebound off the signal line. It is crucial to wait for a confirmed trend reversal before taking long positions. On the 240-minute chart, strong sell signals have emerged, leading to a steep decline. The current price action resembles the movement seen on February 21, but since the bottom is not yet clear, it is best to adopt a conservative approach. For short positions, the 3-day moving average can be used as a reference level. For long positions, the lower Bollinger Band may provide a short-term buying opportunity. As today marks the last trading day of the month, watch closely to see if the Nasdaq reaches the 20-month MA or ends the month with a lower wick. Crude Oil Oil closed lower, facing resistance at $70. It has fallen back below the 5-day MA, trapping the price within a range-bound structure. On the weekly chart, oil was rejected at the 10-week MA, and since the MACD has not yet formed a bullish crossover, there is a chance that oil could retest its previous double-bottom level. A consolidation phase between the 5-week and 10-week MAs appears likely. On the daily chart, as the price corrected, the MACD began converging with the signal line. If oil retraces to around $68, a short-term buying opportunity may arise. For oil to resume its uptrend, it needs to pull back toward $68, rebound, and break above $70 with strong momentum. However, this move would likely require a global catalyst. On the 240-minute chart, both the MACD and signal line remain above the zero line, suggesting a higher probability of a rebound and a golden cross formation. Overall, the best approach is to focus on dip-buying opportunities during this phase. Gold Gold closed higher, breaking to a new all-time high on the daily chart. Last week, there was a possibility of a pullback toward the 5-week MA, but the MACD has turned upward, surpassing its previous high, reducing the likelihood of a bearish divergence and increasing the probability of further upside. However, since gold has not yet tested the 5-week MA, a short-term correction remains a possibility. On the daily chart, buying opportunities were available at the 3-day MA following a strong bullish candle. A pullback to the 5-day MA within the next few days remains possible, and if this happens, it could present another dip-buying opportunity. Based on wave analysis, gold could target around 3,216. To confirm this upside scenario, the daily chart must show stronger bullish momentum, eliminating the risk of MACD divergence. On the 240-minute chart, gold has been experiencing strong upward momentum, making it a buy-on-dips market. However, for a more comfortable long position, the MACD needs to exceed its previous peak. Overall, a long-only strategy remains preferable. For short positions, it is difficult to pinpoint the exact peak, so strict stop-loss management is essential. This week, key economic events include the ISM Manufacturing & Services PMIs and Friday's U.S. jobs report, which could increase gold's volatility. Stay cautious. Today marks the final trading session of March. Tariff-related news and gold’s record highs indicate rising market volatility. Stay adaptive to the market’s movements and trade safely as we close the monthly candle. Wishing you a successful trading day! If you like my analysis, please follow me and give it a boost! For additional strategies for today, check out my profile. Thank you!
CME_MINI:NQ1!Short
by Futureguard
10
How low will it go? The S&P Bear MarketI don't believe the market has bottomed yet. There is more to come. Trump's tariffs will continue to cause uncertainty and as economic figures confirm a US slowdown, stock markets could fall further. From a technical perspective, I will be looking to buy between 4700 and 5200. This is based on evident weekly horizontal levels, bullish channel support, and 100 and 200 SMA's. VANTAGE:SP500 PEPPERSTONE:US500 ICMARKETS:US500 OANDA:SPX500USD
VANTAGE:SP500
by Samuel_Morton_Trader
THAT WHAT YOU NEED TO KNOW ABOUT BTC IN 2025Professional Technical Analysis & Trading Plan for BTC/USD (Hypothetical 2025 Data) --- 1. Technical Structure & Key Observations A. Price Context: - **Current Price:** ~84,197 (below SMA 81,998). - **SMA (Simple Moving Average):** 81,998 (likely 200-day SMA, acting as dynamic resistance). - **Volume:** 52K (low volume suggests consolidation; watch for spikes to confirm breaks). C. Key Levels (From Data): - **Resistance:** - Immediate: 81,998 (SMA). - Major: 90,000, 100,000, 130,000 (swing highs). - **Support:** - Near-term: 74,000 (psychological), --- 2. Advanced Indicator Analysis A. Momentum (RSI & MACD):** - **RSI (14):** Likely near 40–45 (neutral-bearish zone). A break below 30 signals oversold; above 55 confirms bullish momentum. - **MACD:** Bearish crossover possible (signal line above MACD line). Watch for reversal above SMA. B. Volume Profile: - **Low Volume (52K):** Indicates weak participation. A surge above 100K on a breakout/breakdown would validate direction. - **Volume-Weighted Average Price (VWAP):** If price trades above VWAP, bullish bias strengthens. --- 3. Trading Strategies Scenario : Bullish Reversal (30% Probability) - **Trigger:** Daily close above SMA (81,998) with volume >100K. - **Entry:** Long at 74,500 (confirmation of strength). - **Targets:** - TP1: 90,000 (8.5% move). - TP2: 100,000 (19% move). - **Stop Loss:** 71,500 --- 5. Sentiment & Catalyst Watch - **Bullish Catalysts:** Institutional ETF inflows, Fed rate cuts, Bitcoin halving momentum. - **Bearish Risks:** Regulatory crackdowns, exchange hacks, macro recession. -Conclusion BTC/USD is at a critical juncture. *Trade the SMA break/breakdown with volume confirmation*, and prioritize risk-reward ratios. Always cross-verify with real-time data and news. Disclaimer: Hypothetical analysis for educational purposes. Not financial advice.* 🚀
BITSTAMP:BTCUSDLong
by ONE1iMPACT
DeGRAM | EURGBP decline in the channelEURGBP is in a descending channel. The price is moving from the resistance level and the upper boundary of the channel. The chart maintains a downward structure and has already formed a harmonic pattern. We expect that the pair will continue to decline after consolidating under the support level, which coincides with the 38.2% retracement level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
3
EUR/USD: Range-Bound with Bearish Potential Below ResistanceThe EUR/USD market recently completed an ABC pullback, briefly testing above Friday’s high, but price action remains contained within last week’s range, signaling a lack of clear trend direction. If the price rejects the current resistance zone, a move lower is likely, possibly forming another ABC structure toward the 1.06000 support level. With the zone below 1.07700 already cleared—despite a prior false breakout—a retest of that area is possible. Unless the price manages a close above 1.08500, the pair is expected to drift toward last week’s low, with the next target at the support zone around 1.07610
Short
by RTED_Investing
4
BTC/USDT: Range-Bound Movement with Rebound Potential from Key SThe BTC/USDT market recently tested last week’s high but pulled back after encountering resistance near the 89,000 level. On the daily timeframe, the latest candle formed a doji, signaling weakening selling pressure. The price has reached the two-week low, where underlying liquidity may trigger a bounce—especially around the psychological 80,000 level. With the market consolidating after recent sell-offs, a move toward the 85,000 area is possible. A monthly doji close is also anticipated, reflecting the broader indecision. The next upside target is the resistance zone around 84,000
Long
by RTED_Investing
3
DeGRAM | NZDUSD pullbackNZDUSD is in an ascending channel between trend lines. The price is moving from the upper boundary of the channel, the upper trend line, which has already acted as a pullback point, as well as from the important psychological resistance level of $0.583. Indicators point to the bearish divergence being worked out on the 1H Timeframe. The chart has formed a pattern AB=CD. We expect a continuation of the pullback in the channel after consolidation under the 38.2% retracement level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
5
CADCHF - Buy Setup at Key Support LevelOANDA:CADCHF is approaching a key support zone, marked by strong buying pressure. This area has historically served as a demand zone, suggesting the potential for a bullish reversal if buyers step in. The current market structure indicates that if the price confirms a rejection from this support zone, there is a high probability of an upward move. I anticipate that if buyers defend this level, the market may head higher toward the 0.61900 target, which represents a logical target within the current market structure. However, a break below this support would invalidate the bullish bias and could lead to further declines. If you have any thoughts on this setup or see an alternative perspective, feel free to comment!
Long
by DanieIM
28
Next week’s opening trend forecast and layout!Early layout plan for gold: long and short strategies in the real market, all the way to profit, rich profits, witnessed by the whole network! Technical analysis of gold: Gold rose again at the end of Friday, and finally closed the daily line with a bald positive line. After a brief adjustment, it rose again. Then, there will be high points to see next week. Continue to maintain the main decline and long, and do not guess the top for the bullish trend. This week is also a long and short strategy to stop profit all the way, and the intraday harvest is rich! The daily support is near 3057, but the strong will not have too much retracement, otherwise it will turn into shock, and the low point of the fall is near 3073. On Monday, the strong will rely on this position to be bullish. The upper pressure is near 3087. Don’t chase more before breaking the position. Breaking the position will gradually see above 3100! Next week, we will continue to focus on retracement and long, but don’t chase more. After all, the technical side needs to step back and adjust. Stepping back and long is the way to go with the trend. Maintain the main retracement and long, and watch more and move less in the middle position. Be cautious and chase orders, and wait patiently for key points to enter the market. I will remind you of the specific operation strategy during the trading session, please pay attention to it in time. If your current gold operation is not ideal, I hope that your investment can avoid detours. Welcome to communicate with us! Gold operation strategy: Go long when gold falls back to 3070-60. Trading discipline: 1. Don't blindly follow the trend: Don't be swayed by market sentiment and other people's opinions. Follow your own operation plan. Market information is complicated and blindly following the trend can easily lead to the dilemma of chasing ups and downs. 2. In gold trading, we will continue to pay attention to news and technical changes. Once there are changes, we will inform you in time, strictly implement trading strategies and trading disciplines, move forward steadily in the volatile market, and achieve stable asset appreciation. (Note: The above strategy is based on the current trend, and will be adjusted according to real-time fluctuations during trading. It is for reference only)
OANDA:XAUUSDLong
by TP_Daniel