GOLD BUT OPPORTUNITYThe price has reached the bottom of the channel,
and has reached its breakeven
a great support area
To increase the percentage , entr with Signal Bar Key bar
Tp1: 2.800
Tp2: 2.820
PS : 2725
COMEX:GC1!
Support and Resistance
CADJPY: Clear Strength of the SellersWe observed a bearish breakout on CADJPY, with the price breaking through both an upward trend line and a horizontal demand area.
After retesting the broken trend line, there was a strong rejection, indicating potential for further downward movement.
The next support level to watch for is at 108.83.
BTCUSDT near major daily supports As we can see now price is near two daily support zone which both are broken trendline which turn to support now for price and first one which is red trendline support is now touching.
if these supports hold then we can expect rise else we may have more dump here to 60K$ support zone.
DISCLAIMER: ((trade based on your own decision))
<
XAUUSD last resistance zones As we can see price is now is near almost last resistance zones and we are looking for short-term fall or correction at this bullish market and red arrows to happen, but if the resistance zone here break to the upside then gold is once again aggressive and more pump is coming.
DISCLAIMER: ((trade based on your own decision))
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DOGEUSDT Major supports are ahead As we can see price is now near major daily support zone and we can expect more pump from those supports like green arrows.
For now we may have more correction to the downside before the expected pump arrive.
DISCLAIMER: ((trade based on your own decision))
<
In Bitcoin Ascending triangle hase been broken Bitcoin has breakdown the ascending triangle here we can see a big sell/Short and Bitcoin should hit down to next support levels.
Fundamentally we can also see the election in USA on Tuesday so this election can be a big Dump in market so all traders be careful.
Bitcoin can touch 52k also according to my analysis.
BTC expectation (1W 1D 1H) (Support & Resistance, Trend)
In my previous post on BTC, I viewed the current downtrend as a temporary pullback before the USD presidential election.
We now have limited time left before the election and the upcoming week is going to be very important. Although the election takes place on the 4th, results may take several days, with the vote-counting pace varying state to state. This might lead to significant volatility during this period.
I do technical analysis but I also respect the fundamental analysis - we cannot overlook events like the election outcome.
✔ The price remains above the resistance line of the weekly downtrend, giving us expectation of a continued uptrend.
✔ In the hourly chart, I expected the pullback to reach as low as 67.3k where the purple arrow points. The pullback was not as aggressive as it could've been so we unfortunately missed that opportunity.
69.3k line has been resilient for the last few days but eventually failed to hold the pullback longer. The price is currently in the 68 - 69k zone which is crucial.
💡 I think there are 5 scenarios we can expect:
1. The price may move up again from here with 68 - 69k zone acting as a support zone. The aggressive dip did stop as soon as it reached 68k. However, I find this approach risky because it's just an assumption based on the zone - price does not always respect key zones & levels. While more price actions in the past indicate the higher chances it might, but it is never a guarantee. (If it was, we would all be a billionaire.) We should always react rather than predict and only trade when we see a confirmation. And even then, there's always a chance of still being wrong.
2. The price may dip further down to 67.2 - 67.3k, which in my opinion, is much more reliable level than 68 - 69k. This level aligns with the resistance line of the weekly downtrend.
If we can confirm a reversal here, I think it would make a great sign of a bull run.
If it does not, however, probability of an uptrend drops significantly.
3. The price may react around 67.3k (if it ever reaches it), but might end up continue dropping to 65.3k. While a reversal here could be a good entry opportunity, it would be less reliable than the previous one.
4. This is our last chance to hope for a reversal. If we confirm a reversal in 63.1k, we might enter for LONG. However, if the price ever drops to this level, I wouldn't put much hope.
5. This is the last scenario - unlike the above four, this one is scenario of BTC failing to keep up the uptrend and switching back to the downtrend. If the price reaches below the last trendline, likelihood of it reversing becomes very low.
✔ Conclusion
So what is the best scenario among the five for us?
In my opinion, it is scenario 2 because it proves that the resistance line of the weekly downtrend now acts as a support. This trend line is more important than any other lines in the chart.
If the price falls below this line, our chance of seeing an uptrend becomes lower. I am not saying it becomes impossible because there's never a 100% guarantee in this market - but the chances are so low and risks are too high that I wouldn't bet on it as a disciplined trader. We should always stay disciplined and manage risks.
Few successful gambles may give you a temporal gain, but will eventually drag you down in long term.
Avoid making assumptions based on key levels - they aren't respected every time.
Always trade after confirming the reversal because we never know what happens.
React, not predict.
XAUUSD Overview (03-Nov)PEPPERSTONE:XAUUSD fell from 2780.
Watch 2740 for selling opportunities towards Zone 2.
Price will most likely reach 1.28 before any possible...bounce. COT data shows a rapid decrease in the net positions so if the market makers are going to buy they will be doing it lower.
If we get the confirmation, I will be looking to position myself with my students and followers as highlighted on the chart.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
NATCOPHARMNATCOPHARM
daily timeframe
i just shared my experience it is not an invite or recommendation to trade.
if youn any doubt means Please leave comments for any query.
best wishes
DYSON
PNBPNB
monthly timeframe
i just shared my experience it is not an invite or recommendation to trade.
if youn any doubt means Please leave comments for any query.
best wishes
DYSON
3 peaks reversal #spx #au $spx $auHad to switch to NYSE:AU for my #gold stock vs the stock market ratio chart because NYSE:NEM bad quarter skewed the chart too much.
For your viewing pleasure and to come up with your own ideas.
Is this a beautiful {three peaks} top?
Is this a possible 1976 moment? Or a 2000 one?
AUDCHF SHORTAs outlined in the video i expect this pair to continue short as it has been the last few weeks, toward the end of last week it did pull back quite abit, along with all other AUD pairs so i was just watching it for another entry which it has given. I must say the position is pretty text book and i will have eyes on for the market open and the first few higher timeframe closes to see the sentiment likely continue.
Monthly
Weekly
Daily
4hr & Entry
All ideas ill be posting are strictly for journalling purposes, therefore always do your own due diligence but if you like the analysis and breakdown pls leave a thumbs up and comment ;)
Metal DAO (MTL) about to print a 2500% move?On the above weekly chart price action has corrected over 90% since early 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Support and resistance. Look left. Price action has now confirmed support on past resistance.
3) A weekly life cross prints.
4) Lastly, price action has exited a bull flag. The extension measures a 2500% move to target.
Is it possible price action continues to correct? Sure.
Is it probable? No
Ww
Type: Trade
Risk: <6%
Timeframe for long: This month
Return: 2500%
GBPNZD LONGMonthly
Monthly PA is overall bullish, with last months candle continuation of bullish PA coming off morning star set up. I expect this months candle to continue bullish and likely fill out previous wick.
All EMA's are bullish and acting as dynamic support.
Weekly
Weekly PA has printed quite a large doji candle, Showing some indecision which is expected as GBP across the board did weaken through the middle of last week. However from following this PA since last Monday I would classify this as a healthy weekly pull back for price to go higher. This is demonstrated in strong move higher which broke out of weekly resistance key level (Large grey box AOI) and since staying above, following this bullish push to upside and recent pullback into the AOI price has failed to close below it making this previous resistance level now a level of support along with 50 EMA dynamic Support. Closer look on 2 charts below
Weekly chart
Daily chart
Daily
Daily PA is very similar to weekly description. Strong Bullish run up through the month of October up into level of around 2.1555 where we found some resistance for at least 2 trading weeks, this resistance ended with a very strong bullish candle going on to make HH & HL etc. Price found extra support for continuation of Bullish P.A at AOI shown with blue arrow which again turn from Resistance to Support. Also this AOI of interest has proved itself to be significant as pull back into it was also acting as support before broken. I now anticipate price will stay above this AOI bearish LH LL current PA. Price Currently sitting just above all EMA's PA above will be further confluence.
4hr chart for closer look
4hr
Currently in trade long anticipating continuation to upside especially anywhere above Areas of Interest and two strong bullish engulfing candles at the bottom of bearish move.
FX:GBPNZD
Internet Computer (ICP) 50% crash incoming.... On the above chart price action has been trading sideways since June. Recent developments suggest a bearish outlook. They include:
1) Price action and RSI support breakdowns.
2) Trend reversal confirmation with double top print.
3) Rising wedge confirmation with 50% correction forecast to $4 area.
Is it possible this is all gibberish and fundamentals don’t care for Technical Analysis? Sure.
Is it probable price action will correct as forecast? Very likely.
Ww
BTC Bullish or bearish read captionBTC is retesting levels above the ascending triangle!
Holding above this level could confirm a bullish breakout and continued upward momentum.
A breakdown below support may signal a corrective phase, indicating a weakening uptrend.
A 80% correction to 10 cents in 2024 for XRP?For exactly seven years XRP price action has been trading inside a defined range as shown by the green arrows. A long or short position from those areas would have been excellent.
For the last two years price action has traded inside an uptrend channel. The channel support has now failed with confirmation. Red arrow.
The failed support follows the double top in price action where market market structure previous broke in April 2022. Orange arrow.
30 cents is the next support level to test now that price action has exited the channel. Should that support not confirm, 10 cents is next.
Is it possible price action enters the channel and continues the uptrend? Sure.
Is it probable? No.
Ww
Funtoken to 10xOn the above weekly chart price action has corrected over 90% since April 2021. A number of reasons now exist to be long, including:
1) Price action and RSI resistance breakouts.
2) Price action confirms support on past resistance. Look left.
3) Trend reversal. Price action replaces lower highs lower lows with higher highs and higher lows.
4) The forecast is taken from the flag pattern.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6%
Time to long: Now
Return: 10x
Grass: Green? or brown?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Some questionable elliottwave structure in the wave one, but if it can stay above 1.37 here or above, and complete a move past the ath, I would be inclined to say impulse up is completing.
1.70 is the level the bears have to break to keep this party going, so if it does break I will be looking for how it breaks. A flip of the level would be ideal.
Trade Safe,
Trade Clarity.
Bearish potential detected for OMLEntry conditions:
(i) lower share price for ASX:OML along with swing up of the DMI indicators and swing down of the RSI indicator, and
(ii) observation of market reaction at the support level at $1.245.
Stop loss for the trade would be:
(i) above the resistance level from the open of 8th October (i.e.: above $1.29), or
(ii) above the resistance level from the open of 6th September (i.e.: below $1.31), depending on risk tolerance.
Bullish potential detected for MAHEntry conditions:
(i) higher share price for ASX:MAH along with swing up of indicators such as DMI/RSI.
Stop loss for the trade would be:
(i) below the support level from the open of 9th September (i.e.: below $0.315), or
(ii) below the support level from the open of 19th July (i.e.: below $0.295), depending on risk tolerance.
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