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golden wedge pattern gold price are rising very high for last two years it started two years ago with uk crisis when fed started turning monetary easing by Financial condition. in last two year fed pivot from 75 to 25 hike to doing QE meeting by meeting from november 2022 to march 2023 while now crowd asking fed will cut to make kamala win election. to avoid recession in election year fed blindly ignore economic boomb like condition in market when everything was breaking out gold, bitcoin, silver, sp500 now just few days to election fed will be tightening or easing
VANTAGE:XAUUSDShort
by Sangam-Agarwal
Bitcoin can break resistance level and then continue to growHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago entered to upward channel, where it soon broke the 64400 support level, which coincided with the support area. After this movement, BTC rose a little more and then made a correction to the support area, where later made a strong impulse up until to resistance level. When the price reached the 68200 level, which coincided with the seller zone, it at once turned around and in a short time declined to support line of the channel. Then price exited from the channel and fell to the support area, where it turned around and started to grow near the support line. Soon, the price rose to the resistance level again, but this time it broke this level and even rose a little higher than the seller zone, but a few moments ago BTC turned around and dropped to the support line, breaking the 68200 level one more time. Now, the price continues to trades near this line, so, in my opinion, BTC can make a small movement down, lower than the support line, and then bounce up to the resistance level and break it. After this, the price will make retest inside the seller zone and then continue to grow. For this reason, my 1st TP is resistance level, 2nd TP - is 70400 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
4
Euro can break resistance level and continue rise in channelHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few moments ago rebounded from the support line and tried to grow, but failed and fell a little below. Then price in a short time rose to the resistance level, which coincided with the seller zone and resistance line, after which made a downward impulse to the support level, making a first gap. After this movement, the Euro rebounded from the support level, which coincided with the buyer zone and rose to the resistance line, but then it at once dropped lower than the 1.0725 level and reached the support line. Next, the price some time traded below the support level and later broke the resistance line, after which it turned around and fell back. Then EUR started to grow inside the upward channel, where it broke the 1.0725 level and formed another two gaps, after which broke the 1.0900 level and reached the resistance line of the channel. But recently Euro rebounded and fell below this level, breaking it again. For this reason, I think the price can break the resistance level and make a retest, after which continue to grow inside the upward channel. So, that's why I set my TP at 1.0980 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
8
HelenP. I Euro can correct to support level and then rebound upHi folks today I'm prepared for you Euro analytics. Some days ago price rose to the resistance level, which coincided with the resistance zone and broke it, after which rose a little more. Then EUR started to decline inside the downward channel, where it in a short time declined to the resistance level and broke it one more time, but soon it backed up and reached the trend line. After this, the price rebounded from the trend line and declined to the support line of the channel, thereby finally breaking the 1.0865 level. Then Euro rebounded from the support line and rose to the resistance level and some time traded near, exiting from the channel later. Also, the price broke the trend line, but soon Euro rebounded from the 1.0865 level and made a downward impulse to support the level, breaking the trend line again. After declining to the 1.0650 level, Eur some time traded in the support zone and then rebounded up from it. Euro reached the trend line and a not long time ago rolled down. So, just now, I expect that the Euro will decline to a support level and then rebound up to the trend line. Then price can break this line and continue to grow, therefore I set my target at 1.0765 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
Bitcoin can make retest and then rebound up to 68600 pointsHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a not long time ago rebounded from the support line, which is located inside the buyer zone, and made impulse up to 68200 points, thereby breaking the 62200 support level. After this, BTC corrected the support line, after which the price in a short time rose to the resistance level and even soon entered to seller zone. In this zone, BTC some time traded and later fell back to the support line, breaking the 70000 level. Also soon, Bitcoin broke the support line and declined to 64600 points. Then the price turned around and rebounded up from one more support line to the resistance level and even higher, breaking this level. But some time later price turned around and in a short time declined close resistance line to the support level, thereby breaking the 70000 resistance level and support line. Also, BTC fell below the buyer zone but soon turned around and made a strong impulse up, breaking the 62200 level and recently breaking the resistance line too. So, at the moment, I think Bitcoin can make a retest, after the breakout and then bounce up from the support line. Therefore I set my target at the 68600 level, which is located near the resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
Euro can reach resistance level and then make downward impulseHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few moments ago rebounded from the resistance level and little declined, but soon it turned around and made a strong impulse up to 1.0940 points, thereby breaking the resistance level, which coincided with the seller zone. After this movement, the Euro started to decline in a downward channel, where it broke this level one more time and later declined to support the line of channels. Then price rebounded and rose to the resistance line of the channel, after which turned around and continued to move down in the channel to the support level, which coincided with the support area. When the price reached this level, the EUR broke it and declined even lower support area, but when it reached the support line, the price turned around and started to grow, exiting from the downward channel. Soon, the price broke the 1.0770 support level and rose to the seller zone, but at once turned around and fell to the support line back, making a fake breakout. Also recently, the Euro rebounded from this line and started to rise. In my opinion, the EUR can reach a resistance level and then rebound down the lower support line, thereby breaking it and after this, the price will continue to fall. For this reason, I set my target at 1.0800 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
HelenP. I Euro will fall to trend line and then start to move upHi folks today I'm prepared for you Euro analytics. Some time ago price fell to the support zone, which coincided with the 1.0730 support level, and at once turned around and made a strong impulse up to the resistance level. After this, the price made a small correction movement and later continued to move up, and soon EUR reached a resistance level, which coincided with the resistance zone again. Price broke this level, made a retest, and rose to the trend line, after which it turned around and started to decline. In a short time price fell below the 1.0870 level, breaking it, and continued to move down near the trend line. Soon, the Euro fell to a support level, after which the price at once rebounded and made impulse up higher than the trend line, thereby breaking it. Recently price reached a resistance level also, but soon turned around and started to decline, so, I expect that the Euro will decline to the trend line and then rebound up. That's why I set my target at 1.0835 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
5
Alikze »» ALGO | Pull back to the trigger lineIn the weekly and daily times, after going through a complex correction cycle, it finally entered a motivational wave in the range of 0.082 with a floor, which is currently breaking the dynamic pullback to the structure, which is a retest to the supply area. has also had Therefore, with floor construction in the area, it will have the ability to grow to the next supply area of 0.39, and after its failure, the path to the next supply area will be smooth. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
Gold can fall to support level, after which it turn around upHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price some time ago price rebounded from the 2010 support level, rose to the 2075 resistance level, and in a short time broke this level, but soon fell back, making a fake breakout. Next, the price continued to fall to the support line of the wedge, breaking the support level, which that moment coincided with the buyer zone. After this movement, Gold turned around and made a strong upward impulse to the resistance line, breaking 2010 and 2075 levels, after which the price rebounded from the resistance line and started to fall. In a short time, XAU declined to the buyer zone, breaking the resistance level again. Then price bounced and started to grow near the support line of the wedge and soon reached the resistance line. Next, Gold exited from the wedge pattern and a not long time ago XAU made a retest, after which continued to trades near the support line. So, I think that Gold can continue to decline to the support level, after which it turns around and rebounds up. Therefore I set my target at the 2050 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
3
Euro can rebound up from support line of channel to 1.0985Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price rebounded from the support line of the pennant and made a strong upward impulse to the resistance level, which coincided with the seller zone, thereby breaking the 1.0930 level. After this, the price made little correction and then continued to move up to the resistance line of the pennant, breaking the 1.1040 level too. But when the Euro reached this line, it turned around and made a strong downward impulse lower than 1.1040 and 1.0930 levels. Also, the price exited from the pennant and later started to rise in an upward channel, where in a short time rose higher than the 1.0930 support level, which coincided with the buyer zone, breaking it one more time. Some time later, EUR rose to the resistance line of the channel and not long time ago rebounded down from it. At the moment, the Euro trades near the support line and I think that the price can fall to this line and then rebound up to the resistance line. For this case, I set my target at the 1.0985 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
Nike Monumental Macro TA FindingsHi guys! This is a look into Monumental MACRO developments occuring in Nike stock market structure, some of which are happening for the 1st time in history. For this reason and in my opinion, its a very important time to keep eyes on Price action. The aim is to briefly go over what those developments are and what it may mean for NIKE's Current market trend. Hopefully providing insights for investors. For this analysis, we are looking at Hieken Ashi candles on the 6 month timeframe. Note that: Our current candle will close in January 2024. So it has alot of room to change by the time the candle closes. Ive chosen Hieken Ashi candles to provide clarity in patterns of trend that occured in Nike's History. Our major development is that we have broken down BELOW and confirmed resistance against our MAJOR MAJOR Historical Support Trendline for all of Nike's Market History. This is the 1st time we have ever done this. It warrents caution as this signifies Major Trend Change, perhaps even macro trend reversal. While we were above the Spport line, we knew that everytime we came down we would atleast test that line. Now that we are BELOW it, we need price to find the next support. Currently ive highlighted by a Black Support Trendline, that very support area. We've maintained support since January 2020. This line coincides with another black line that marks Resistance. When combining these 2 black lines, we have ourselves a Symmetrical Triangle. That is very likely to play out sooner or later. If we are able to break above it, it may be probable for us to get back ABOVE the MAJOR SUPPORT Orange line, continuing our Uptrend. If we break below, further declines will occur. Further supporting the idea of a Major Trend Reversal. We are also currently at 4 Red candles in a row. If you notice previous history, 4 in a row has happened only 1 other time. July 83 to Jan 85. And also notice that the 3rd candle of the sequence indicated market bottom with the 4th candle printing a higher low. Can that be the case for us now? Maybe but things in the past don't have to repeat. Being inside of the symmetrical triangle, 4 red candles in a row would warrant me to NOT take any investment positions. In my opinion, if we break out on the upside of the symmetrical triangle and preferably get back above "Orange support line", would i consider taking positions. I think as of now however, we are at best more likely to either move in a range/ sideways or see further declines as the worst case. Why i think this, is because of the STOCH RSI. Notice how we are below the 20 level with a bearish cross/signal. The last time we did this, we were in here for multiple years which led to moving in a range for many years before continuing to make all time highs. Within range our, price dropped from the top about 67% to bottom of the range. If we continue the previous pattern, the same is likely. Hypothetically, we can also drop 60% to $70.00 level, which is a support area. For that to not happen we would need a BULLISH cross ABOVE the 20 level. Also notice the RSI, we are currently at the lowest level in all of NIKE history. We are also in an RSI range that coincides with sideways or range bound action. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on ETSY in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:NKE
by SafofAllTrades
Etsy Potential Major Support Bounce Trade IdeaHi guys! This is a technical analysis on Etsy (ETSY) on the 3 Day timeframe, supporting a potential Support Bounce Play. We've come a long way from our recent Rejection off the "Major Resistance" Red Trendline. Moving below the 21 EMA (Purple line) Breaking Below our previous Support Trend line Turned Resistance Line (Black Horizontal line) To now come in contact with Major Support. Notice how in Previous interactions with this "Major Support", we have bounced for price gains. The key is not the percentage gains but simply the fact that we bounce from here. Our previous candle printing a Bullish Engulfing candle and current candle also in the process of confirming. This supports the idea of further price increases as it indicates buying pressure. If history is any indication, also remembering that its not an exact reference. We can say that it is "probable" that we BOUNCE from here. Since its our 3rd touch point in all of the history of ETSY's price action. This also adds to my bounce projection. Price action tends to react around Support/ Resistance trendlines. If this holds true, our target for this bounce idea, would be the "Re-test" of the Support Turned Resistance line or "Target 1 Sell Zone". The 21 EMA also converges currently at the level. So this can be another line we interact with. STOCH RSI is a great indicator to combine with this idea as it depicts when bullish or bearish momentum comes into trends. We are currently BELOW the 20 level, but have CROSSED BULLISH. Everytime we've done this in Previous History, and have CROSSED ABOVE the 20 level it has lead to a Bounce off the Support. With all that has been said, this is a Critical Area to watch for Etsy. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on ETSY in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strateg
NASDAQ:ETSYLong
by SafofAllTrades
1
Disney Macro Looks Dire with Risk of Further 40% DeclinesHi guys! So this is a Pure Technical Analysis on the Macro structure of Disney (DIS). Macro in that we are on the 1 Month timeframe so each candle is 1 Months worth of price action averaged in. Just note why i don't ever look at news to influence my trades. We got rejected from our highs in October 2021, Desantos bill signing that sparked the lawsuit stuff happened June 2022. Prices were already on the decline way before. Just saying. Anyway moving on. What i want to point out is our current price action. We are currently BELOW the Major SUPPORT LINE that played support for about 7-8 years. Being a monthly timeframe, just note we have NOT yet confirmed as our current candle is ongoing. Ideally We would need to get back ABOVE and confirm Support to prevent further declines. BUT if we do confirm here its NOT a good look. BELOW the "The Last SUPPORT Line of Defence" is even way worse. If we end of Confirming Resistance Below "the Last Line of Defence", we risk almost 44% Price DECLINES back to the highs of a previous consolidation zone or the line labeled "Major Support". Its because the Rapid Price Increase labeled "Weak Market Structure" has no distinctive/ strong Support zones. Theres nothing to cushion the eminent Price Declines that may be awaiting us. Its mainly because we didnt test SUPPORT and have a slow methodical rise in price. We also recently printed a DEATH CROSS. By the looks of that monster mouth, its a long ways before its momentum fizzles out. If VOLUME also continues to be on the rise while we have this DEATH CROSS and price declines, aspect more price declines. And the likely scenario of the DECLINE to "Major Support". Keep in the back of the mind: This could make for a solid SHORT play once that confirmation below the last line of defence happens. Anyway look to smaller timeframes for more current price action to see how things shape up for the macro. Keep on the look out for updates in the hourly, daily or weekly timeframes. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on DIS in smaller timeframes in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:DISShort
by SafofAllTrades
4
Target price for DABUR India Limitd | Daily | Long analysisHello, today we will be looking at NSE:DABUR 1. This stock has been mostly trending upwards in the long-term. 2. You can see the support level by looking at the daily candles , which the stock has touched every time and bounced back up. 3. However, this time the support level may be broken temporarily, with the stock going down before rising again. 4. Keep in mind the risks involved and trade carefully. Thanks & regards, Alpha Trading Station Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market"
NSE:DABURLong
by AlphaTradingStation
BTC is dynamically returning to around $ 30,500Hello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price came out of the triangle you created. Let's start with the designation of the support line and as you can see the first support in the near future is $ 30,413, if the support breaks, the next one is $ 29,688 and $ 29,114 and $ 28,541. Now let's move from the resistance line as you can see the first resistance is $ 31,802, if you can break it the next resistance will be $ 33,371 and $ 34,941. Looking at the CHOP indicator, we can see that in the 4-hour interval, the collected energy was nicely used to increase the price, and the MACD indicator shows that we are in an uptrend locally.
by cryptodailyuk
Nearing the Neckline of the 2020 Market Collapse BottomThe "neckline" of the bottom after the market collapse of 2020 is very strong support as the selling at this juncture was a panic mode due to the pandemic economic lockdown. Stocks collapsed beyond fundamental levels at that time. This support level is going to thwart downside action for many stocks near this area. This kind of pattern warns of the impending end to heavy selling down. So, many stocks should develop a bottom around this level. Example: The neckline of the 2020 bottom formation for CMCSA is at 39.49. But this is NOT confirmation of an entry point yet. Best to wait for a breakout of the current basing action. Bottom formations can take a while to build sufficient buying energy to move up sustainably.
NASDAQ:CMCSA
by MarthaStokesCMT-TechniTrader
$BTC potential bear flag break down!* Was in a down trend * Has been in a potential bear flag from mid January 2022 * Despite it breaking down from the potential bear flag, there are multiple levels of support before it reaches its measured objective. * Key level of support being around the $30k mark * The trend line extending from Jan 24, 2022 may act as a confluence of support with $37.5k (circled area) * Key areas of support to keep in mind if you're planning on shorting: * $37.5k * $34.3k * $30k * A break below $30k may send BTC to its measured objective of ~15k.
BITSTAMP:BTCUSDShort
by HaseebKhan_90
10 years of support and ascending triangle on BTCIn the times like this where uncertainty, doubt and fear takes the market, smart money comes in and pushes the market up. After every bull market that we had since the beginning of the BTC we had consolidation phase in the shape of ascending triangle. After the first bull-run from the breakout we had 1100%, after the second 350% and if we continue that growth BTC should go up 110% after the breakout. The support line had one small fakeout because of the pandemic but it bounce right back up. The history has showed us that this is a perfect buying oportunity and i am glad that i have a chance to use it. What do you think about this support line and ascending triangles? Feel free to leave a comment. If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading. BTC TO THE MOON!
BITSTAMP:BTCUSDLong
by Mladen94
10