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Support and Resistance

SPX500 at Key Support Level: Rebound Towards 5,860?FOREXCOM:SPX500 has reached a significant support zone, highlighted by previous price reactions and strong buying interest. This area has acted as a key demand zone, increasing the likelihood of a bullish bounce if buyers step in. The current market structure suggests that if the price confirms support within this zone, we could see a bullish reversal. A successful rebound could push the price toward 5,860. However, if the price breaks below this zone, the bullish outlook may be invalidated, opening the possibility for 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!
FOREXCOM:SPX500Long
by TrendDiva
27
XAUUSD: Is it suitable to buy or sell now?Dear traders, if you also want to trade XAUUSD. But don't know how to do it, you can refer to Jack's ideas. Feel free to leave interactive messages at any time. If you are in the analysis circle, you will get accurate answers. If you are not in the analysis circle, it doesn't matter, read it carefully. XAUUSD: In the London market, we announced suggestions for going long. The lowest buy signal was around 2892. So far, we have shared four valid XAUUSD trading signals exclusively today. They are buy signals around 2892, buy signals around 2900, buy signals around 2904, buy signals around 2910, and buy signals around 2917. Almost all of them are profitable. If you have not paid attention to them or followed them, it does not matter. You can follow the next one. The current price is 2921. From the trend point of view, this trend will also hit the range of 2925-2930. If the position of 2925-2930 stabilizes, continue to go long to 2945. At present, the New York market is active, and conservative traders can refer to the buy signal below 2915. Aggressive traders can buy multiple orders at the current price of 2920. The position of SL2904. There are risks in trading. If you are not sure about the timing, it is best to leave me a message. This will better confirm the timing of the transaction, whether to buy or sell. It can also better expand profits and reduce losses.
OANDA:XAUUSDLong
by JAKE_T0
BTCUSD: Big news is about to explode the market, short or buy?Dear traders, are you still struggling with how to trade Bitcoin? Buy or sell? See Jack's thoughts. The news about the inclusion of cryptocurrencies in strategic reserve currencies is about to hit the cryptocurrency market. Relevant news will be released on Saturday. On this basis, there are two results. Point 1. The market digests the heat in advance, causing the leading cryptocurrency BTCUSD to rise directly The second situation is that cryptocurrencies rise sharply after the news comes out over the weekend, and rise directly. If based on the first situation, I think it will explode in the market before and after the New York market, If based on the second situation. Then there will be a huge rise after the opening of the market over the weekend or after the news is released, similar to last weekend. So Jack has two ideas in executing transactions: 1. Combined with the short-term top structure on the technical side, it is currently sold based on the double shoulder top near 91,000, waiting for the market to test the support of 88,000 again. 2. After the market opens, continue to buy through the influence of the news, waiting for the news to ferment, and the cryptocurrency to rise sharply after the market heats up. The above two are views on short-term trading of cryptocurrencies. The final trading plan should be executed in combination with the real reaction of the market, and remember to set TP/SL when trading. Don't forget to do risk control at any time. Trading is not a one-time thing. It is a long-term thing. I am Jack. Traders who like my views remember to like me. Welcome to leave your ideas. I will discuss with you.
Long
by JAKE_T0
Bitcoin: Mastering the Art of Resistance and SupportBitcoin recently broke below a 105‐day trading range, anchored by the critical 90K level. After the breakdown, it found support around 80K, prompting a sharp rebound back toward the previous range. This rebound, however, was short‐lived: BTC tested 95K, then quickly retraced, only to rally again toward 90K, where it trades at present. Overview of BTC’s 105‐Day Range Break and Retest: Yearly Open at $93,576: This is the single most important level to watch. Price currently sits below the yearly open, suggesting that, for now, bears hold the upper hand. If bulls cannot reclaim this threshold, the yearly candle remains vulnerable to turning red. 90K–95K Resistance Zone: With Bitcoin failing to sustain gains above 95K, this band becomes a natural focal point for potential short entries. Bears are expected to defend this region aggressively. The question: Where do we go next? Let’s break down both the resistance (short setup) and an upcoming support zone (long setup), incorporating a variety of confluences—from volume profiles and trend lines to Fibonacci retracements and pitchfork alignments. 1. Resistance Analysis & Short Thesis 1.1. Double Top Target at $72,800 A double top pattern has formed, suggesting a measured‐move target near $72,800. While not a guaranteed endpoint, this target serves as an early directional clue. Price could still find support at higher levels, so we use this only as one piece of a larger puzzle. Double Top Pattern with $72,800 Target: 1.2. The 105‐Day Trading Range & Retest Bitcoin spent over 100 days ranging between roughly 90K and 105K. The downside break turned that prior range into a new resistance zone—specifically 90K–95K, with an even stronger cluster up to $96,418 (Point of Control from that range). Fixed Range Volume Profile: The POC (Point of Control) from this 105‐day period lies at $96,418.05, further extending our resistance zone. Price retesting anywhere between 90K and the POC around 96K sets up potential short entries. Fixed Range Volume Profile Showing POC at $96,418.05: Stop Loss Guidance: Given the possibility of wicks or “stop hunts,” a safer invalidation point sits above 98K. That buffer allows the trade room to breathe without prematurely stopping out on minor spikes. 1.3. Daily & Weekly Moving Averages In addition to the above factors, both the daily 21 EMA/SMA and the weekly 21 EMA/SMA are converging in the 90-92K region, acting as additional resistance. 1.4. Bearish Trend Line & Pitchfork Alignment Bearish Trend Line: Connecting the all‐time high at $109,588 and the swing high at $106,457.44 yields a downward sloping line. This trend line has already acted as resistance near 100K on February 21. Pitchfork (Modified Schiff): Anchoring from the all‐time high (109,588) to the swing low (97,777.77) and back up to 106,457.44 confirms the same bearish trajectory, aligning neatly with the trend line around 95K. Bearish Trend Line & Pitchfork Convergence Around 95K: 1.5. Monthly Order Block & Fibonacci Confluence Monthly Order Block: Spanning from the yearly open (93,576) up to the POC (~96,418), this monthly order block forms a substantial supply zone. Price often gravitates toward the median line of an order block, which sits near 94–95K. Fibonacci Retracement (0.786): From the swing high at 99,475 (Feb 21) down to the low at 78,258.52, the 0.786 retracement is at 94,934.67—almost exactly the median line of the monthly order block. Monthly Order Block, Median Line, and 0.786 Fib at ~94,934.67: When price rallies swiftly to the 0.786 for the first time, it often presents an ideal short entry—especially under a confluence of bearish signals: 2. Short Trade Setup: Laddering In & Out 2.1. Scaling In (Entries) We allocate $25,000 (from a $100,000 account) and ladder our entries from 89,736 up to 96,206: Short Trade Laddered Entries: Stop Loss: $97,560 (slightly below the higher “breathing room” area of 98K). Max Risk: Approximately $1,028.16 (about 4.11% of the GETTEX:25K position, or 1.03% of the $100k account). 2.2. Scaling Out (Exits) We plan to take profits in increments as price drops, aiming for an average exit around $79,822.10: Potential Profit: Approximately $3,704.16 on a $25,000 position, which is +14.82% (or +3.70% of the $100k account). Risk‐to‐Reward Ratio: 3.60, an attractive R:R for a swing trade. 3. Support Analysis & Long Thesis Having addressed the downside retest and short scenario, let’s turn to potential support where Bitcoin might reverse for a long trade. 3.1. Double Top Target & 5‐Wave Structure The double top projected target near $72,800 aligns with a broader Elliott Wave possibility, where BTC may have completed a 5‐wave structure from the low at $15,476 to the all‐time high at $109,588. A typical Fibonacci retracement of this 5‐wave move suggests the 0.382 level at $73,637.22, which sits near a notable swing high of $73,777—coincidence? 5‐Wave Structure & 0.382 Fib Retracement at ~$73,637: 3.2. Monthly Bullish Order Block & Further Fib Confluence Monthly Bullish Order Block: Located around $71,280, historically a place where buyers have stepped in. Fib Retracement (49K to 109K): The 0.618 retracement lands at $72,144.62, adding further confluence around the 72–73K zone. Taken together, we begin to see a support band forming between $73,777 and $71,280. Monthly Bullish Order Block & 0.618 Fib ~$72,144.62: 3.3. Fib Speed Fan & Bullish Trend Line Fib Speed Fan (0.7): On higher timeframes, the 0.7 fan lines up with the same 71–73K region if BTC dips this month. Bullish Trend Line: Connecting the lows at 49K and 52,550 also aligns with this zone, reinforcing the idea that a cluster of support awaits if price slides that far. Bullish Trend Line & Fib Speed Fan ~$71–73K: 3.4. Potential Long Trade Setup Entry Range: Ladder in from 76K down to 71K (or adjust according to personal risk appetite within that 73–71K zone). Stop Loss: Below 70K, providing sufficient buffer. Target: At least the monthly open ($84,350), or higher if momentum supports a stronger bounce. Risk‐to‐Reward (R:R): Aim for 2:1 or better, depending on exact entries and the final target. 4. Summary Short Trade: Resistance Zone: 90K–95K, extending up to $96,418 (POC) and with the daily/weekly 21 EMA/SMA acting as additional resistance in the 90-92K region, plus a stop‐hunt buffer above 98K. Laddered Entry: GETTEX:25K allocated, averaging around $93,706, with a stop near $97,560. Scaling Out: Average exit near $79,822, netting a +14.82% gain on the position (+3.70% on account). R:R: 3.60—solid for a swing setup. Long Trade: Support Zone: Between $73,777 and $71,280, with multiple Fibonacci and structural confluences. Laddered Entry: Potential DCA from around 76K down to 71K, with a stop under 70K. Target: At least $84,350 (monthly open), likely offering a 2:1 or better risk‐to‐reward. Sharp moves up or down have been the norm lately, often gravitating to the 0.786 fib retracement on each leg, so remain vigilant for sudden volatility. Ultimately, flexibility is key. If Bitcoin reclaims the yearly open at $93,576 and pushes decisively above 95–98K, the bearish case weakens. Conversely, a significant drop below 80K brings the deeper support zone near 73–71K into sharper focus. Always be prepared for shifts in market conditions—confirm each setup with multiple indicators and chart patterns before entering any trade. Stay up to date with evolving market dynamics and adjust your strategy accordingly. Happy trading! P.S. If you have any coin requests, feel free to share them in the comments. I will be selecting one or two for the next technical analysis.
Short
by SiDec
8
After strong impulse up, Euro makes correction to 1.0600 pointsHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see that the price entered a wedge formation and immediately started to decline. The Euro broke through the 1.0410 level, creating a strong gap before reaching the wedge's support line and beginning to rise. In a short time, it climbed back to the support level and attempted to break it but failed, pulling back slightly. After that, the Euro returned to the 1.0410 support level and finally managed to break through. Following this move, it reached the resistance line of the wedge and made a correction down to the support level. Then, the Euro pushed back up to the resistance line, consolidating near it for a while before dropping to the buyer zone, where it later touched the wedge’s support line again. From there, it made a strong upward impulse, breaking the 1.0410 level once more, exiting the wedge, and surging to 1.0820. However, more recently, the price reversed and started to decline. I believe the Euro may enter a corrective phase after such a strong upward move. Based on this, my TP is set at 1.0600 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
7
Bitcoin’s Roller Coaster Ride: More Volatility Until March 7?Bitcoin ( BINANCE:BTCUSDT ) has been acting like a Roller Coaster in the last few days, and one of the main reasons for the high momentum movements is Donald Trump's speech . Generally, this market behavior detriments investors and trades. Such movements may continue until March 7 ( Let us recall that Donald Trump will meet with industry representatives at the “first crypto summit” at the White House on March 7 ). So please pay more attention to Capital Management these days . It seems that Bitcoin's Main Support is 200_SMA(Daily) , which failed to break yesterday and started to increase again. Now, Bitcoin has succeeded in breaking the Resistance zone($87,100-$85,800) . According to Elliott wave theory , Bitcoin seems to be completing a Zigzag Correction(ABC/5-3-5) . I expect Bitcoin to once again attack the Heavy Resistance zone($93,300_$89,250) and rise to at least the Potential Reversal Zone(PRZ) . Do you think Bitcoin is still Correcting or ready for another major up move? Note: If Bitcoin falls below $85,000, the possibility of Bitcoin increasing again will decrease. Note: If Bitcoin can break the Heavy Resistance zone($93,300_$89,250) and the Resistance lines, we can even hope for a new All-Time High(ATH). Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
32
Bullish Trend Holding Above 2918 – Key Levels & Market ImpactGOLD Analysis | March 7, 2025 Gold is expected to experience high volatility due to key events, including the NFP report, unemployment rate data, and Jerome Powell's speech, all of which could significantly impact price action. 🔍 Technical Outlook: Gold is currently stabilizing within a bullish trend while trading above 2918. A 15-minute or 1-hour candle close above 2925 would confirm bullish momentum, targeting 2934. A breakout above 2934 could extend gains toward 2945 and 2954. For a bearish confirmation, a 4-hour candle close below 2918 is required, which could push the price down to 2906. Additionally, if the job report is positive, it could strengthen the USD and pressure gold lower. 📌 Key Levels to Watch: 🔸 Resistance: 2934 | 2945 | 2954 🔻 Support: 2906 | 2895 | 2880
OANDA:XAUUSDLong
by SroshMayi
THE KOG REPORT - NFPTHE KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. Firstly, we would suggest traders stay away from this NFP altogether, the markets are very delicate and moving to extreme levels not only on Gold but most forex pairs. For that reason we’ll keep it simple and look at the key levels together with the structure formed. We have the higher resistance level here which is the previous order region 2930-35 which looks to be a potential region price may want to attack if they want to continue this move upside, above that is the extension of the move around 2945-55. Price needs to stay below this level, If we can reject and not break above these levels, an opportunity to see the market correct may be available back down in attempt to break 2900 level. On the flip, if they push price downside, we’ll wait, the range needs to be broken, price should want to retest the flip and then continue the move, that’s when we can start using the red boxes to target those lower levels and potentially look for the swing low from the circled hotspot. As above, keep it simple, the trade comes after the event and most accounts are blown during these events due to traders using large lots on small accounts attempting to capture the volume driven candles. Unless you’re already in and protected, the swing in the opposite direction can cause huge problems to less experienced traders. RED BOXES: Break above 2930 for 2934, 2940, 2944 and 2955 in extension of the move Break below 2910 for 2903, 2895, 2890 and 2879 in extension of the move Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
8
US30 - Bearish Pressure Builds Below 42,385 Ahead NFPUS30 Analysis & Market Impact – March 7, 2025 The price dropped perfectly as we mentioned yesterday. 🔍 Technical Outlook: Stability above 42588 will support a rise to get 42850 as a resistance line and then should drop to 42385 from 42850. However, the bearish area will be activated if it can close a 4h or 1h candle below 42385, then will drop strongly toward 41785. 🌍 Market Sentiment & Trade Impact: NFP and job reports and Powell speech. 📌 Key Levels to Watch: Resistance: 42850| 43020| 43210 Support: 42385 | 41790 | 41560
OANDA:US30USDShort
by SroshMayi