Get started

Technical Analysis

XAGUSD Weekly Analysis – Double Top Formation & Breakdown🧱 Chart Pattern Identified: Double Top Formation The chart displays a classic Double Top pattern, a bearish reversal structure typically found at the end of an uptrend. This pattern forms when price reaches a resistance level twice, fails to break above it both times, and eventually breaks the neckline/support level, confirming a shift in market sentiment. 🔍 Key Components of the Chart: 1. Resistance Level (Tops) – ~$34.25 The market formed two significant peaks around the same level — labeled Top 1 and Top 2. This level has proven strong resistance, as price was rejected both times after testing this zone. This zone is marked with a light orange rectangle and a horizontal blue line labeled "Resistance Level". 2. Support Level (Neckline) – ~$28.80 This level served as the neckline of the Double Top. After the second top, the price sharply declined and is currently approaching this key support zone, highlighted again in light orange. A clean break and close below this zone on the weekly timeframe will be a strong confirmation of the bearish reversal. 3. Trendline Break – Bearish Shift in Momentum A rising black dashed trendline supported the prior uptrend. Price action has now broken below this trendline with strong bearish momentum, indicating that buyers have lost control. This trendline break adds confluence to the bearish setup, supporting the validity of the pattern. 4. Bearish Projection Target – ~$22.47 The target is projected using the height of the Double Top pattern. Measured from the resistance level ($34.25) to the support ($28.80), the vertical distance is ~5.45 USD. Subtracting this from the neckline gives us a projected target: 28.80 - 5.45 = ~23.35 (rounded down to ~22.47 for technical cluster support). This target area is marked with a blue arrow and labeled "Target" near the horizontal support at $22.47. 5. Stop Loss – ~$34.25 The logical invalidation point is placed just above the resistance zone and the second top. A move above this level would invalidate the double top pattern, signaling that bulls have regained control. 📈 Price Action and Candlestick Behavior The strong bearish weekly candle that broke below the trendline shows a decisive shift in sentiment. The candle's large body and long range confirm institutional selling interest. Volume (if shown) would likely support the move, but even price structure alone is highly telling here. 🎯 Trading Strategy & Setup Component Details Entry On a confirmed break and retest of $28.80 support (neckline) Stop Loss Above $34.25 (Top 2) Target $22.47 Risk/Reward ~1:2 or better Timeframe Weekly (Swing Trade) Bias Bearish 🧠 Concluding Notes This chart provides a high-probability bearish setup rooted in classical charting principles. The Double Top is one of the most reliable reversal patterns, especially when: Formed after a prolonged uptrend (as seen here), Confirmed with a trendline break, Followed by strong bearish momentum toward the neckline. Traders should monitor the support zone around $28.80 closely for a potential breakdown. If confirmed, the target near $22.47 becomes a realistic medium-term objective.
OANDA:XAGUSDShort
by GoldMasterTrades
BTC/USD Weekly Analysis – Cup and Handle Breakout Toward Target🔍 Overview The chart displays a classic Cup and Handle pattern on the weekly timeframe, a well-established bullish continuation formation often found in long-term uptrends. This pattern, combined with major technical confluences such as trendline support and strong horizontal levels, provides a high-conviction long setup with defined risk and reward. ☕ 1. The Cup Formation Timeframe: Mid-2021 to early 2024 Shape: Rounded bottom, a hallmark of slow accumulation. After reaching an all-time high in late 2021, BTC entered a bear market, dropping sharply and eventually bottoming out between $15,000–$20,000. A gradual recovery followed, forming a wide and symmetrical base—indicating accumulation by institutional and long-term holders. This phase represents a shift in market sentiment, from bearish to neutral, and eventually bullish, as buyers stepped in around key demand zones. 🔧 2. The Handle Formation Timeframe: Early 2024 to late 2024 After reclaiming its previous high resistance area near $69,000–$75,000, BTC formed a short-term consolidation or pullback, creating the "handle" portion of the pattern. The handle appeared as a descending channel, a healthy correction that typically precedes a breakout in this pattern. This correction also aligned with a trendline retest, offering dynamic support and further strengthening the pattern's reliability. 💥 3. Breakout Confirmation The breakout from the handle occurred above the descending resistance of the handle pattern. Weekly candles showed strong bullish momentum, backed by rising volume and rejection from lower trendline levels. BTC is now trading near $83,000, just above the trendline, confirming both pattern validation and support holding. 🎯 4. Target & Projection The measured move of the Cup and Handle pattern is calculated by measuring the depth of the cup and projecting that from the breakout point. Cup Depth: Approximately $60,000 Breakout Point: ~$75,000–$80,000 Target Price: ~$123,000–$125,000 This target aligns with historical Fibonacci extensions and psychological round-number resistance. 🔐 5. Key Levels Support Zone: $20,000–$30,000 (multi-year accumulation base) Trendline Support: Drawn from 2022 lows, holding well through handle correction Resistance Zone: $100,000 psychological barrier Stop Loss: Placed just below trendline and swing low at $76,340 to protect against downside volatility 🧠 Why This Setup is Strong Multi-year Base Formation (2.5+ years of consolidation) Pattern Reliability: Cup and Handle is a well-tested bullish continuation pattern Confluence of Support: Both horizontal and dynamic trendline support levels Momentum Structure: BTC has resumed higher highs and higher lows Volume: Breakout occurred with a noticeable spike in volume, a key validation point 🏁 Conclusion Bitcoin is displaying strong bullish potential through a large-scale Cup and Handle pattern. This technical setup is supported by: Long-term accumulation Structural breakout Strong support levels A clear roadmap toward $120K+ targets As long as BTC maintains above the trendline and doesn't invalidate the handle's structure, the bulls remain firmly in control.
BITSTAMP:BTCUSDLong
by GoldMasterTrades
XAU/USD Bullish Pennant Breakout - Trade Setup Toward Target📊 Overview: This 4-hour chart of Gold Spot (XAU/USD) presents a clean bullish pennant breakout followed by a corrective pullback to key support, offering a high-probability trading setup for bullish continuation traders. Gold recently surged above the psychological $3,000 level, but after testing the previous resistance zone / ATH, it retraced back into a critical confluence of support. From a technical perspective, the structure remains bullish, supported by strong trendline dynamics, clean price action, and a well-defined pennant formation. 🔍 Step-by-Step Breakdown: 1. Bullish Pennant Formation A bullish pennant is a continuation pattern that typically occurs after a strong upside rally (the "flagpole"). In this chart: The flagpole began around March 13, with gold moving vertically from ~$2,630 to ~$2,950. This was followed by consolidation between March 19–27, forming a symmetrical triangle pattern with converging trendlines (the pennant body). Volume (if added) would typically decrease during this consolidation phase. On March 27–28, price broke above the pennant, confirming the bullish bias. 📌 This breakout signals that buyers are ready to resume control after taking a breather. 2. Rally & Retest Phase Following the breakout: Price surged to challenge the resistance zone and all-time high (ATH) area, marked between $3,150 – $3,160. A natural pullback occurred due to profit-taking and overbought conditions. This retracement brought price back into the support zone at ~$3,000, intersecting perfectly with: The rising trendline from the pennant breakout A horizontal demand zone (former resistance turned support) A key psychological level ($3,000) 💡 This zone acted as a confluence area, attracting buyers and creating a strong bounce — visible as a bullish engulfing candle. 3. Support & Resistance Analysis ✅ Support Level: $2,990 – $3,010 Marked by previous highs before the breakout Validated by the trendline and price reaction 🚫 Resistance / ATH Level: $3,150 – $3,160 Historic resistance zone that capped the recent rally Price must break this level for further continuation toward the target 4. Trendline Dynamics The dotted trendline acts as a rising support structure. Trendlines in bullish continuations are crucial as they confirm upward momentum. As seen on the chart, price respected the trendline during the recent dip and bounced with strong momentum — a bullish signal. 5. Trade Setup & Risk Management A trade based on this structure should follow strict risk-to-reward discipline. 🛒 Entry Zone: Ideal re-entry lies between $3,030 – $3,040, after confirming the bounce from support. ❌ Stop Loss: Below $2,976, which is under the support zone and trendline. If price breaches this level, the pattern is invalidated. 🎯 Target: Measured move (height of the flagpole) projected from breakout zone gives us a target of around $3,221. The chart also marks this clearly as the "Target" zone. 📈 Risk-to-Reward Ratio: Approximately 1:3, which is attractive for swing trades. 6. Market Psychology & Trader Sentiment The bullish pennant represents temporary indecision, but ultimately market confidence remains strong. The pullback to support reflects healthy profit-taking, not bearish reversal. The bounce from support shows buy-the-dip mentality, a sign that bulls remain in control. 7. Macro & Fundamental Backdrop While the chart is technical, it's wise to factor in macro catalysts: 🏦 Federal Reserve policy: If the Fed holds or cuts rates, gold typically rallies due to lower opportunity cost. 📉 Inflation Data: Rising inflation or expectations can push gold higher as a hedge. 🌍 Geopolitical tensions: Conflicts or economic instability drive safe-haven flows into gold. Staying updated on these events can help validate or hedge your technical outlook. ✅ Conclusion: This chart presents a technically sound bullish continuation setup backed by: A breakout from a bullish pennant A retest and bounce from a confluence support zone A clearly defined risk (stop loss) and reward (target) Traders looking for medium-term opportunities in XAU/USD can consider this as a high-probability setup with logical structure and strong momentum potential. 🔔 TradingView Tag Suggestions: #XAUUSD #Gold #TechnicalAnalysis #BullishPennant #PriceAction #SwingTrade #Forex #TradingSetup #Commodities #GoldBreakout
OANDA:XAUUSDLong
by GoldMasterTrades
Bitcoin (BTC/USD) 4H Chart Analysis – Professional BreakdownBitcoin (BTC/USD) 4H Chart – Detailed Professional Analysis This chart presents a Rectangle Pattern, a common consolidation structure in technical analysis. The price has been oscillating between a well-defined resistance level near $88,000 - $89,000 and a support level around $80,000 - $81,000. This pattern suggests an upcoming breakout, with bearish continuation being the most probable scenario. Understanding the Rectangle Pattern A rectangle pattern forms when price moves sideways, trapped between two horizontal levels. Traders watch for a breakout in either direction to determine the next trend. In this case, Bitcoin has tested the resistance multiple times but failed to break above, indicating strong selling pressure. Meanwhile, support has been retested several times, which weakens its strength over time. A bearish breakdown is likely because: Buyers appear unable to push past resistance, showing exhaustion. Support has been tested multiple times, which increases the chance of a breakdown. The dotted black trendline is now being tested, and a break below it would further confirm bearish momentum. Trade Setup for a Breakdown A short trade becomes valid only if Bitcoin breaks below the $81,000 - $82,000 support zone with strong momentum. The price must close below this level to confirm the move. How to Enter the Trade? Look for a strong bearish candle close below the $81,000 - $82,000 range. If Bitcoin retests this broken support (now acting as resistance), this can be a secondary short entry point. Once confirmation is seen, open a short position. Stop Loss Placement To protect against false breakouts, a stop loss should be set above the $88,457 resistance zone. If the price moves back into the rectangle and surpasses this level, it means the bearish setup is no longer valid. Profit Target and Trade Expectation The expected take profit target is $73,541. This is calculated using the measured move projection, meaning the height of the rectangle is subtracted from the breakdown point. If Bitcoin reaches this level, the trade will have successfully captured the bearish momentum. Market Psychology Behind This Move The repeated failure to break above resistance ($88,000 - $89,000) signals weak buying interest. Buyers have been stepping in at support, but each retest of the $80,000 - $81,000 zone makes it more vulnerable. Once support finally breaks, several factors will accelerate the move: Long positions will be forced to sell, increasing selling pressure. Breakout traders will enter new short positions, pushing price further down. Liquidity below support will be triggered, causing Bitcoin to fall sharply toward the $73,541 target. Invalidation Scenario (Bullish Case) If Bitcoin breaks above $88,000 - $89,000 and holds, the bearish setup becomes invalid. In that case: The price would shift into a bullish continuation pattern. Traders should avoid shorting and instead look for buying opportunities above resistance. Final Thoughts This is a high-probability bearish setup, but patience is key—wait for confirmation before entering. Risk management is crucial : The stop loss at $88,457 ensures that losses are minimized if the market moves against the trade. If Bitcoin remains inside the rectangle, traders can buy at support and sell at resistance until a breakout occurs.
BShort
by GoldMasterTrades
XRP Weekly-Monthly Analysis / Retracement Levels for BuyTHEN - NOW@ XRP Weekly-Monthly Analysis / Retracement Levels for Buy (...and we keep going) Weekly - Monthly trend: Bearish Chart Pattern: Head & Shoulders (H&S) - Bearish Continuation Pattern Bearish Candlesticks signals: HANGING MAN (Bearish, Single Candlestick pattern) / Weekly Timeframe / 09 DEC 2024 BEARISH ENGULFING (Bearish, Double Candlestick pattern)/ weekly Timeframe / 27 JAN 2025 TWEEZER TOP (Bearish, Double Candlestick pattern) / 1 Day timeframe / 20 FEB 2025 FALLING THREE METHODS (Bearish, five-fold Candlestick pattern) / 1 Day timeframe / 07 MAR 2025 BEARISH ENGULFING (Bearish, Double Candlestick pattern)/ weekly Timeframe / 24 MARCH 2025 Retracement Fib Price Levels: 0.00% (3.4000) 23.60% (2.6879) 38.20% (2.2474) 50.00% (1.8914) 61.80% (1.5353) 78.60% (1.0284) 100.00% (0.3827) Good prices for buy (the lower the better): 61.80% (1.5353) – Golden Zone / Golden Pocket 78.60% (1.0284) – Entry Zone Between 78.60% (1.0284) and 100.00% (0.3827) is the Risk Zone, which we have the Neckline of the ‘’ Quadruple Bottom Pattern ‘’ at the price range ‘’ 0.6291 – 0.7850 ‘’
CLong
by JohnA97
3
LTC ANALYSIS (support & resistance)🔮 #LTC Analysis  🚀🚀 💲💲 #LTC is trading between support and resistance area. There is a potential rejection again from its resistance zone and pullback from its major support area. If #LTC sustains above major support area then we will a bullish move till its major resistance area 💸Current Price -- $82.20 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #LTC  #Cryptocurrency #DYOR
by ZEUS_Market_Alerts
Gold (XAUUSD) – Technical Analysis for April 7, 2025 (1H)After a sharp drop, price reached the key demand zone around 3025-3030. This area forms a potential buy zone from which a rebound toward 3080–3100 may occur. The chart suggests a possible W-shaped recovery. A breakout above 3100 could unlock further upside toward 3127 and then resistance at 3167. However, a breakdown below 3015–3020 could increase bearish pressure and lead to a decline toward 2997 support. Indicators are showing signs of local oversold conditions, hinting at potential technical recovery. Main scenario – reversal from 3025-3030 with a move toward 3080–3100. Alternative – breakdown to 2997.
TLong
by TotoshkaTrades
1
GOLD BREAKS SHARPLY — BUT THE MOVE WAS WRITTEN IN THE STRUCTURE🟡 GOLD BREAKS SHARPLY — BUT THE MOVE WAS WRITTEN IN THE STRUCTURE A steep drop in gold just rattled the markets — but if you’ve been following the macro and technical setup closely, this was not only expected, but anticipated. From the first week of April, we’ve been tracking signals of potential exhaustion in XAUUSD: 🕯️ Candlestick wicks on higher timeframes 📈 Overextended structure 🧠 Macro divergence Now, all signs have converged — and we’re finally seeing the correction play out. 🔍 Why This Isn’t Just About Gold What we’re seeing is a broader shift in global market sentiment: U.S., European, and Asian equities are all under pressure Crypto has stagnated with little to no fresh capital inflow Gold — after months of aggressive buying — is now facing wave after wave of profit-taking This is classic risk-off behaviour. Investors are choosing cash, sitting tight, and waiting for clarity — not only in the charts but in the headlines too. 📉 DXY Building a Case for Recovery The U.S. Dollar Index (DXY) has been heavily sold in recent months — but is now holding at a multi-year structural support zone that’s been tested multiple times since 2021. With Trump returning to the spotlight and triggering a fresh round of global tariff negotiations, the USD is regaining narrative strength. Trump’s stance has already prompted discussions among major economies, putting the U.S. in a dominant position — and the market is beginning to price that in. 🤔 What’s Holding the Fed Back? Despite rising trade tensions, the Federal Reserve has remained cautious — choosing not to act until the dust settles from geopolitical and policy developments. This creates a window of opportunity: If the Fed holds rates while global central banks soften And if the USD holds this major support → We could see strong dollar flows return in Q2. 🔮 Gold Outlook – Where Next? In the short term: Expect continued volatility Potential for gold to slide further toward 308x – 305x range Any bounce is likely to be technical rather than fundamental In the medium term: Once political noise fades, gold may find support again Especially if inflation expectations persist or the Fed pivots dovish later in Q2 💡 Takeaways for UK Traders ✅ Don't trade the news — trade the reaction ✅ Macro structure matters more than the daily headlines ✅ Capital preservation beats chasing euphoria We’re not guessing. We’re reading the story and planning with structure.
OShort
by MMFlowTrading
GBPUSD: Potential Pullback Trade Explained 🇬🇧🇺🇸 GBPUSD closed this week, respecting a key daily horizontal support cluster. Analyzing the intraday price action, I spotted a nice double bottom pattern on an hourly time frame. To buy the pair with a confirmation after the market opening, I suggest waiting for a bullish breakout of its neckline. An hourly candle close above will confirm a violation. A bullish move will be expected at least to 1.296 level then. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
3
S&P 500 (SPX) 1M next week?The S&P 500 is pulling back from a key resistance after completing a bearish AB=CD pattern on the monthly chart. Price action suggests a potential correction toward the 4662–4700 zone, aligning with the 0.618 Fibonacci retracement level, which may serve as a key area for bullish reaccumulation. Momentum indicators show bearish divergence, hinting at a cooling rally. Fundamentally, the index remains supported by strong earnings in tech and AI sectors, but risks persist from elevated interest rates, sticky inflation, and potential Fed policy shifts. A pullback into the 4662–4700 zone may offer a medium-term setup for continuation toward 5198 and potentially 5338. A breakdown below 4662 would invalidate the bullish structure and shift focus to lower Fibonacci levels.
V
by TotoshkaTrades
2
Real Reason Most Strategies Fail–“Overfitting” Explained Simply!Hello Traders! Have you ever seen a strategy work amazingly on historical charts, but fail badly in live markets? You’re not alone. One of the biggest reasons this happens is due to something called Overfitting . Today, let’s understand this concept in the simplest way — so you can avoid falling into this trap and build smarter strategies. What is Overfitting in Trading? Overfitting means your strategy is too perfect for past data: It works great on old charts, but only because it was made to match that exact data. It fails in real-time because the market changes: The strategy doesn’t adapt well to new price behavior — it’s not flexible. Example: A strategy with 10 indicators giving perfect backtest results may be too specific and only fits that period — not future ones. Signs Your Strategy Might Be Overfitted Too many rules or filters: If your strategy has too many conditions just to improve past results, that’s a red flag. Works only on one stock or timeframe: A good strategy should work on different stocks and market conditions. Great backtest, bad live performance: If your real trades don’t match the backtest, it might be too customized to the past. How to Avoid Overfitting in Trading Keep it simple: Use fewer indicators and rules. Focus on clean price action and proven setups. Test on different stocks/timeframes: See if your setup works across Nifty, Bank Nifty, stocks, or different timeframes. Use forward testing: Try the strategy on live charts (paper trade) before putting real money into it. Rahul’s Tip A perfect backtest doesn’t mean a perfect future. Build your strategy to be reliable — not just impressive on history. Conclusion Overfitting is like memorizing old exam answers and failing the new paper. Don’t build strategies that only look good on past data. Make them strong, simple, and adaptable to real market conditions. Have you faced this issue before? Let’s discuss in the comments and help each other improve!
NEducation
by TraderRahulPal
Post-Liberation Day Sell-Off – Crash or Correction?Liberation Day has turned into a dramatic "blow the markets back out" day for the SPY , with a significant daily drop of nearly 6%, slicing decisively below the critical 200-day moving average at $574.46. Historically, breaking below the 200-day MA is a strong bearish signal, indicating potential further downside momentum. The previously identified key bearish pivot, the "Best Price Short" at $565.16, served as a crucial resistance level from which sellers aggressively stepped in, intensifying today's sell-off. Given the current bearish sentiment, the next immediate downside targets without a significant bounce (dead-cat bounce) include: Half 1 Short (Momentum target): $505.28 (already tested) High Vol Momentum Target 1a: $497.66 Half 2 Short (secondary bearish momentum): $486.41 Extended Momentum Target (HH Vol Momo Target 2a): $475.16 For traders who missed the initial move, look to re-enter shorts if there's a modest retracement toward the previously broken "Weeks High Short" at $520.16, maintaining tight risk control with stops ideally set just above the "Best Price Short" ($565.16). Critical levels summary: Ideal Short Re-entry Zone: $520.16 Profit Targets: $497.66, $486.41, and ultimate $475.16 Stop Loss Area: Slightly above $565.16 Major Broken Support (Resistance now): 200-day MA at $574.46 Today's significant volume spike further reinforces bearish conviction. RSI is deeply oversold at 23.24, suggesting caution for potential short-term bounce, but any bounce is likely to be short-lived unless there's a substantial political or economic pivot soon. These levels are algorithmically defined, designed to remove emotions from trading. Trade responsibly, adhere to your strategy, and protect your capital.
A
by HispanicHedge
SOLUSDT | Elliott Wave Projection – Next big Move Incoming 50%+BINANCE:SOLUSDT The chart is probably currently developing a five-wave impulsive structure (1)-(2)-(3)-(4)-(5), suggesting a potential bullish movement towards the 174-175 USD resistance zone before a larger correction unfolds. 📈 Bullish Setup: - A corrective A-B-C structure seems complete, with a potential impulsive wave (1)-(5) forming. - Price is reacting at a strong demand zone, initiating Wave (1) upwards. - Possible target for Wave (5) lies near **174-175 USD**. 📉 Bearish Continuation Afterwards - After reaching the projected high, expect a sharp rejection and reversal. - The final bearish target lies within the "End of Bear" zone (~108-109 USD). --- ### 🔹 Key Levels to Watch: ✅ First Bullish Target: ~174-175 USD ⚠️ Critical Support Zone: 108-109 USD --- ### 📌 **Trading Plan:** 1️⃣ Long Opportunity: If price respects the current support, target Wave (3)-(5) completion near 174 USD. 2️⃣ Short Confirmation: If price rejects at resistance, a larger bearish wave is expected. 3️⃣ Final Bear Target: 108-109 USD zone for possible long-term support. 🚨 Risk Management: - Stop-loss below 111 USD for longs. - Wait for confirmation before shorting after rejection. 💬 What do you think? Will SOL hit 175 USD before the final drop? Comment below!
Long
by ElliotXSolana
"Gold Approaching Key Support – Will Bulls Take Control?"🔹 Market Structure: Gold is currently in a corrective phase after a strong bullish run, facing a pullback from recent highs around $3,160. The price has now approached a key horizontal support zone near $2,980 - $3,020. 🔹 Key Levels: ✅ Resistance: ~$3,160 (previous high) ✅ Horizontal Support: ~$2,980 - $3,020 (marked in blue) ✅ Target Level: ~$3,099 (potential bounce area) 🔹 Potential Scenarios: 1️⃣ Bullish Reversal: If the price finds support in the marked zone and forms bullish confirmation (e.g., hammer candle, bullish engulfing), we could see a retest of $3,099 and potentially higher levels. 2️⃣ Breakdown Scenario: If support fails, gold may see further downside towards $2,950 or lower. 🔹 Trading Plan: 📈 Buy Setup: Look for bullish confirmation near support (~$3,020) with a target of $3,099 - $3,120. 📉 Sell Setup: If support breaks, short positions could target $2,950 - $2,920. 🔸 Bias: Bullish above support, bearish below it. 🔸 Risk Management: Use a stop-loss below support (~$2,980) to manage risk. Would you like me to refine this further or add any indicators like RSI, Moving Averages, etc.? 🚀
OLong
by PIPsOptimizer
1
#ATOMUSDT shows a strong bullish impulse 📈 LONG BYBIT:ATOMUSDT.P from $5.100 🛡 Stop loss $4.948 🕒 4H Timeframe ⚡️ Overview: ➡️ The POC (Point of Control) BYBIT:ATOMUSDT.P is at $4.628, which marks the high-volume area from which the current bullish move started. ➡️ A breakout above the $5.00 resistance occurred with strong volume, confirming bullish strength. ➡️ The upward move is supported by large green candles and rising trading activity. ➡️ The $5.100 entry level aligns with previous consolidations and acts as a flipped support. 🎯 TP Targets: 💎 TP 1: $5.188 💎 TP 2: $5.280 💎 TP 3: $5.350 📢 Watch for price holding above $5.00 — it’s key for continued upside. 📢 If price drops below $4.948, the long setup becomes invalid. BYBIT:ATOMUSDT.P shows a strong bullish impulse — confirmation via volume and breakout supports the continuation scenario.
Long
by MoriartyTrading
General Motors (NYSE: $GM) Reports 17% Y0Y in Q12025 Sales General Motors (NYSE: NYSE:GM ) opened at $44.46 on April 4th, 2025, down 3.91%. The stock declined $1.80 in early trading. This came a day after Trump’s new 25% auto import tariffs took effect. In a report released on April 2nd, GM delivered 693,363 vehicles in Q1 2025, a 17% year-over-year increase. This marked the company's best Q1 since 2018. In Q1 2024, GM sold 594,233 units. The automaker led in truck and compact SUV sales. Electric vehicle sales surged 94% to 31,887 units. GM currently remains the second-largest EV seller in the U.S, behind Tesla. Other automakers posted mixed results. Ford's sales declined by over 5% on Thursday due to the tariffs. GM’s growth came partly due to early consumer purchases ahead of the tariffs. Retail sales jumped in March, with buyers seeking to avoid expected price hikes. Tariffs Threaten GM's Supply Chain Trump’s 25% tariffs on imported vehicles started on April 3rd. According to the White House, tariffs on auto parts will begin no later than May 3. Barclays analyst Dan Levy noted that only 52% of GM’s U.S sales in the first three quarters of 2024 came from domestic production. The rest came from plants in Mexico (30%) and other countries (18%). Levy added that GM depends on imports for models like the Equinox and Blazer. These are mostly built in South Korea and Mexico. The tariffs will likely increase production costs and squeeze margins. Despite strong Q1 performance, GM faces near-term risks from global trade tensions and supply chain disruption. Technical Analysis: Price at a Key Support Level. GM stock has been retracing from its $61.24 52-week high in November 2024. It now tests a strong support level at $43, which aligns with the 78% Fibonacci retracement level. If GM bulls hold this key support level, they could trade bullish towards the $53 target resistance. The $53 high serves as a key resistance level of an internal structure high and March high. However, a break below $43 may push the stock lower, with the next potential support at $39, which aligns with 100% retracement level. Forecast: Watch for Breakout or Breakdown GM's technical position is delicate. A rebound from $43 could start a continuation of the trend. But extended trade risks and import costs could drag it down further. The company’s stock has fallen over 11% year-to-date. Analysts on TipRanks rate it a Moderate Buy. The average price target is $62.17, offering a 42% surge from the current market price. With the earnings date set to be released on Apr 29, 2025, this will provide more clarity on the overall market sentiment.
NLong
by DEXWireNews
BTC ANALYSIS 🔮 #BTC Analysis  🚀🚀 💲💲 #BTC is trading between support and resistance area. There is a potential rejection again from its resistance zone and pullback from its major support area. If #BTC breaks resistance zone $88500 then there will a chance of bullish movement 💸Current Price -- $84470 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #BTC  #Cryptocurrency #DYOR
by ZEUS_Market_Alerts
EUR/GBP (1H) – Rising Wedge Breakdown & Short Trade Setup1. Overview of Market Structure The EUR/GBP pair is forming a Rising Wedge Pattern, a well-known bearish reversal formation, which suggests that the current uptrend may soon reverse into a downtrend. The price has been moving within a tightening range, making higher highs and higher lows, but the upward momentum appears to be weakening. A breakdown from this wedge is a strong bearish signal, indicating that sellers are gaining control, and a significant price drop is expected. 2. Chart Pattern: Rising Wedge – Bearish Reversal A Rising Wedge is a pattern that occurs when price moves upward within a contracting range. This pattern typically forms after an uptrend and suggests that bullish momentum is slowing down. Characteristics of the Rising Wedge in This Chart: The price has tested the upper resistance zone multiple times, but each attempt has resulted in a rejection. The lower support trendline has been tested frequently, showing that buyers are losing strength. The breakdown of the wedge signals a strong bearish move, with price expected to drop toward key support levels. This pattern becomes valid once the price breaks below the lower trendline, confirming the bearish outlook. 3. Key Technical Levels & Zones A. Resistance Zone (0.84853) – Strong Supply Area Marked as a Resistance Zone, where price has struggled to break through. Sellers have stepped in around this level multiple times, preventing any further bullish movement. Acts as a major stop-loss level for bearish trades, as a breakout above this zone could invalidate the setup. B. Support Zones (Potential Take-Profit Targets) 1st Support Level (TP1) – 0.82539 This level has previously acted as strong support, where buyers have entered the market before. A short-term pullback or consolidation may occur here. 2nd Support Level (TP2) – 0.81332 This is the final bearish target, marking a key demand zone from where price has bounced in the past. If bearish momentum continues, price could reach this level, making it an ideal take-profit zone for swing traders. 4. Trading Strategy & Execution A. Entry Strategy A short trade is ideal after the price breaks below the rising wedge pattern. There are two possible entries: Aggressive Entry: Enter immediately after the breakout of the lower trendline, anticipating strong downside momentum. Higher risk as price might retest the trendline before moving down. Conservative Entry: Wait for a retest of the broken trendline before entering short. This confirms the breakdown, reducing false breakout risks. B. Stop-Loss Placement Stop-loss should be placed just above the resistance zone (0.84853). This prevents being stopped out by minor pullbacks before the actual move happens. C. Take-Profit Targets TP1: 0.82539 (First major support level – potential profit booking area) TP2: 0.81332 (Final bearish target – strong demand zone) 5. Risk Management & Trade Management Risk-to-Reward Ratio (RRR) This trade offers a high RRR, making it an attractive setup. The stop-loss is small compared to the potential downside move. Trailing Stop Strategy A trailing stop can be used to lock in profits as price moves lower. If price reaches TP1, move stop-loss to breakeven to secure capital. If price reaches TP2, close the trade for maximum profit. Exit Strategy Exit early if price fails to break key support zones. Monitor price action around TP1 & TP2 for signs of reversal. 6. Sentiment Analysis & Market Context Bearish Confirmation: Breakdown from the wedge signals bearish sentiment in the market. If price fails to sustain above support zones, further downside is likely. News & Fundamentals: Major economic events or interest rate decisions could impact EUR/GBP volatility. Traders should check for UK & Eurozone news before entering the trade. 7. Conclusion – Bearish Outlook The Rising Wedge breakdown is a strong short-selling opportunity. Confirmation is key: Enter short after the breakdown, use proper risk management, and aim for TP1 & TP2. If price invalidates the pattern by breaking above 0.84853, the trade setup should be reconsidered. This setup provides a high-probability bearish trade with a well-defined stop-loss and risk-to-reward ratio.
Short
by GoldMasterTrades
EUR/USD – Bullish Flag Pattern & Trade SetupTechnical Analysis & Trade Plan for TradingView Idea This chart illustrates a Bullish Flag Pattern on the EUR/USD 1-hour timeframe, suggesting a potential continuation of the prevailing uptrend. Below is a detailed breakdown of the market structure, key levels, and a professional trading strategy. 📌 Chart Pattern: Bullish Flag Formation The Bullish Flag is a continuation pattern that forms after a strong upward price movement, followed by a short period of consolidation within a downward-sloping channel. It signals a brief pause before the trend resumes. Flagpole: The sharp price increase before the consolidation. Flag: The corrective downward movement forming a small parallel channel. Breakout Potential: A confirmed breakout above resistance could lead to a further bullish rally. 🔍 Key Technical Levels & Market Structure 🔵 Resistance Level (Supply Zone) The upper boundary of the flag pattern acts as resistance. A breakout above this level could trigger a strong buying opportunity. 🟢 Support Level (Demand Zone) The lower boundary of the flag provides support. Price is currently testing this zone, which is a critical decision point. 🎯 Target Price: 1.14544 (Projected Move) The price target is calculated based on the height of the flagpole added to the breakout point. This aligns with a previous significant resistance area. 📈 Trading Strategy & Execution Plan ✅ Entry Criteria: A confirmed breakout above the flag's resistance level with a strong bullish candlestick. Increased trading volume supporting the breakout. 🚨 Risk Management: Stop Loss: Placed below the support zone of the flag to manage risk in case of a false breakout. Take Profit Target: At 1.14544, aligning with the measured move of the flag pattern. 📊 Trade Confirmation Indicators: RSI (Relative Strength Index): A reading above 50 confirms bullish momentum. Moving Averages (50 EMA/200 EMA): A bullish crossover would strengthen the buying signal. Volume Analysis: A breakout should be accompanied by high trading volume for confirmation. ⚠️ Potential Risks & Alternative Scenarios Fake Breakout: If the price breaks out but lacks volume, it could be a false signal. Bearish Reversal: If price breaks below the support zone, the bullish flag setup becomes invalid. Market Sentiment Shift: Unexpected news events can impact price movement. 📝 Summary The EUR/USD pair has formed a Bullish Flag Pattern, signaling a possible continuation of the uptrend. A breakout above the resistance level would confirm the pattern and provide a strong buying opportunity. Risk management is essential, with a stop loss placed below the support level. Final Target: 1.14544, based on the flagpole’s measured move. 💡 Conclusion: A well-structured breakout above resistance could lead to a bullish rally toward 1.14544. However, patience and confirmation are key before entering the trade.
Long
by GoldMasterTrades
JPY/USD – Rising Wedge Breakdown & Bearish Trading Setup1. Market Structure & Technical Pattern: The Japanese Yen (JPY) against the U.S. Dollar (USD) has been exhibiting a clear Rising Wedge Pattern over the past few months. This is a classic bearish reversal pattern, indicating that buying momentum is gradually weakening, and a strong decline is likely to follow. Formation of the Rising Wedge: The price has been making higher highs and higher lows, confined within two converging trendlines (black lines). The lower boundary (support trendline) has been consistently acting as a dynamic support level. The upper boundary (resistance trendline) has been limiting further upward movement, indicating exhaustion of buying pressure. Breakout Confirmation: The price action tested the resistance zone multiple times but failed to sustain bullish momentum. A strong rejection from the upper resistance level led to a sharp sell-off, causing a breakdown of the support trendline. Once the price broke below the wedge, selling pressure intensified, confirming the trend reversal. 2. Key Technical Levels & Zones: Resistance Level (0.006895): The price previously struggled to break above this resistance zone, forming a strong supply area where sellers dominated. This level aligns with the upper boundary of the rising wedge, making it a significant turning point. The rejection from this zone initiated the bearish breakdown. Support Level (Broken – 0.006650): This level acted as a strong demand zone, preventing further downside movement during the wedge formation. However, once the price broke below this level, it confirmed the end of the uptrend and the beginning of a downtrend. This level may now act as a new resistance (role reversal principle). Stop Loss Placement (Above 0.006895): A logical stop-loss is placed just above the resistance level to protect against a potential invalidation of the bearish setup. If the price closes above this level, the bearish thesis would be invalidated. 3. Trading Execution & Risk Management: Sell Entry Strategy: Traders looking for short positions should enter after a confirmed break below the wedge’s support. A potential pullback (retest) to the broken trendline could offer an additional shorting opportunity. The retest would confirm the previous support turning into resistance before a continuation of the downtrend. Take Profit Targets (TP1 & TP2): TP1 (0.006481): This level represents a strong demand zone where short-term buyers may step in. Traders may choose to book partial profits here. TP2 (0.006251): This is a deeper support level and the final target for this trade setup. If the price sustains bearish momentum, it is likely to reach this level before stabilizing. Risk-to-Reward Ratio Consideration: This setup offers a high probability short trade with an attractive risk-to-reward ratio. The stop-loss is well-defined, minimizing potential losses while maximizing profit potential. 4. Expected Price Movement & Projection: Short-term Outlook: A possible pullback to the broken wedge (previous support now acting as resistance) before continuation lower. If the price retests and rejects the 0.006650 level, expect acceleration in the downtrend. Medium-term Outlook: If the price reaches TP1 (0.006481) and breaks below, it increases the probability of hitting TP2 (0.006251). A bearish trend continuation could form, potentially leading to further downside levels. Invalidation Scenario: If the price closes above the stop-loss level (0.006895), the bearish setup is invalidated, and a bullish breakout could follow instead. 5. Conclusion & Trading Plan: The rising wedge breakdown signals a shift from bullish to bearish market sentiment. Traders should look for short entries after a confirmed breakdown or wait for a pullback before executing trades. The risk-to-reward ratio makes this a strong high-probability trade setup. Following the plan with strict stop-loss placement ensures risk is controlled while maximizing profit potential. 6. Summary & Key Takeaways: ✅ Pattern: Rising Wedge (Bearish Reversal) ✅ Breakout Direction: Downside ✅ Resistance Level: 0.006895 ✅ Support Levels: 0.006650 (broken), 0.006481 (TP1), 0.006251 (TP2) ✅ Stop-Loss Placement: Above 0.006895 ✅ Profit Targets: TP1 – 0.006481, TP2 – 0.006251 ✅ Trade Bias: Bearish
Short
by GoldMasterTrades
IS THE GLOBAL “BIG SHORT” ON ITS WAY?TRADE WAR WARNING – IS THE GLOBAL “BIG SHORT” ON ITS WAY? In the last 24 hours, global financial markets were rattled after Donald Trump unveiled a sweeping set of new global tariffs. This wasn’t just a political move — it may well mark the beginning of a new wave of global economic instability. Markets across the board took a hit: 📉 US, European, and Asian equities 📉 Gold (XAU/USD), the US Dollar Index (DXY), and even crypto — all plunged into the red. 🔍 So, What Actually Happened? Gold dropped by over 100 points in a single session — and strangely, the US dollar also fell. Normally, a weaker USD would support gold. So why did gold sell off this time? ➡️ One likely explanation is that institutional investors sold gold positions to cover losses in equity markets, or to free up margin amidst the chaos. 📉 This wasn’t just a correction — it might be the early signal of a global BIG SHORT forming across multiple asset classes. 🧨 The Start of Something Bigger? Markets aren’t just reacting to tariffs. They’re pricing in the risk of a full-scale trade war, which could disrupt global supply chains and hammer corporate earnings. Industries like construction, healthcare, logistics, and manufacturing are already showing signs of strain. If this escalates, we could be looking at something far more serious than a short-term sell-off. 📉 The Data Doesn’t Look Great Either While inflation in the US continues to cool, other key data points are deteriorating: ISM Services PMI (March): 50.8 (vs 53.0 expected) Employment sub-index: 46.2 (down sharply from 53.9) New orders, export orders and backlogs also fell 👉 These are real signs of economic slowdown, especially considering that services make up over 70% of the US economy. 🧠 Market Sentiment: FOMO, Fear, and Panic At the moment, it’s hard to ignore how unsettled sentiment has become. Retail and institutional traders alike are acting on fear. And that’s dangerous. 🔔 Tonight’s Non-Farm Payrolls (NFP) report could either calm things down — or add more fuel to the fire. 🏦 Will the Fed Cut Rates Sooner? Markets are rapidly shifting their expectations: A rate cut could come as early as May or June 2025 Traders are now pricing in 2 to 4 cuts this year (previously just 2) There’s now a strong chance the Fed pivots earlier than expected If jobs data continues to soften, the Fed may have no choice but to act faster — despite core inflation not yet fully under control. ⚠️ Trading Strategy: Observation Over Action Right now, your best position might be… no position. "Sometimes, the most profitable trade is the one you don’t take." This isn’t the time to chase wild price action. It’s the time to prepare and plan with logic — not emotion. 📊 Key Technical Levels on XAU/USD 🔺 Resistance: 3110 – 3119 – 3136 – 3148 – 3167 🔻 Support: 3086 – 3075 – 3055 – 3040 – 3024 🟢 BUY ZONE: 3056 – 3054 SL: 3050 TP: 3060 – 3064 – 3068 – 3072 – 3076 – 3080 🔴 SELL ZONE: 3148 – 3150 SL: 3154 TP: 3144 – 3140 – 3136 – 3132 – 3128 – 3124 – 3120 💬 Final Thoughts The combination of tariffs, recession fears, and rate cut speculation is building into what could become a perfect storm. Gold is in the eye of that storm. Now is not the time to panic — but to trade with clarity and control. 📌 Don’t let emotion drive your trades. Stick to the chart. Stick to your plan. Protect your capital. 🧠 Patience is what separates the lucky from the consistently profitable.
OShort
by MMFlowTrading
Detailed Analysis of Silver (XAG/USD) – Double Top BreakoutThe chart represents a technical analysis of Silver (XAG/USD) on the daily timeframe (1D). A Double Top pattern, one of the most reliable bearish reversal formations, is developing. This signals a potential downtrend, with key price levels and trendlines confirming weakness in bullish momentum. Below is a full breakdown of the pattern, price action, and trading setup. 1️⃣ Pattern Formation: Double Top – Bearish Reversal A Double Top pattern occurs when the price reaches a resistance level twice, failing to break higher. It indicates a shift from a bullish trend to a bearish one. 🔹 Characteristics of the Double Top in This Chart: First Peak (Top 1 - Resistance at ~$34.57): The price made a strong move upward, reaching a high near $34.57. Selling pressure at this level pushed the price downward, forming a support level near $30 (Neckline). Pullback & Temporary Support (~$30 Neckline): Buyers stepped in at the support zone, causing a bounce back towards resistance. This level acted as strong demand, preventing further decline temporarily. Second Peak (Top 2 - Rejection at Resistance Again): Price attempted to break above the previous peak but failed. This failure to form a higher high confirms the presence of strong sellers. The second rejection strengthens the resistance level at $34.57, signaling exhaustion in buying momentum. Break of the Trendline Support (Bearish Shift): A previously ascending trendline (black dashed line) was providing support for the uptrend. Price broke below this trendline, indicating a possible trend reversal from bullish to bearish. 2️⃣ Key Technical Levels & Trading Setup 🔸 Resistance Zone (~$34.57 - Stop Loss Area) This is the major resistance level, tested twice and confirmed as a supply zone. A move above $34.57 would invalidate the bearish pattern, making this an ideal stop-loss level. 🔹 Support Level / Neckline (~$30 - Breakdown Confirmation) The neckline acts as a critical level. If the price breaks below $30, the Double Top formation is confirmed. If the price retests this level from below and rejects (fails to reclaim it as support), it becomes a strong short entry signal. 🔻 Target Price (Projected Move - $23.01) The target is based on the measured move rule of a Double Top: Distance from resistance ($34.57) to neckline ($30) ≈ $4.57. Projecting this same distance downward gives a target of ~$23.01. This aligns with historical demand zones, increasing the probability of price reaching this level. 3️⃣ Trading Plan: Short Setup Execution 🔽 Short Entry (Breakdown Confirmation Below $30) Ideal entry point is after the neckline breaks and confirms resistance upon a retest. A breakdown with strong volume enhances the validity of the setup. 🚨 Stop Loss Placement (Above $34.57 Resistance Level) Placing a stop above the second peak ($34.57) ensures protection against invalidation. If price moves back above this level, the pattern fails, indicating a potential return to bullish momentum. 🎯 Target Price ($23.01) – Measured Move Projection The price target aligns with the pattern structure and historical support levels. Traders can take partial profits at intermediary levels ($27–$26) before full target realization. 4️⃣ Additional Confirmation Factors – Confluence for Bearish Bias 1️⃣ Momentum Indicators: RSI & MACD Bearish Signals If RSI (Relative Strength Index) drops below 50, it confirms weakening bullish momentum. A MACD bearish crossover (signal line crossing below the MACD line) would further validate the downtrend. 2️⃣ Volume Analysis – Breakout Confirmation A high volume breakout below $30 confirms selling pressure. Low-volume breakdowns can lead to false breakouts, making volume a crucial factor to watch. 3️⃣ Fundamental Factors – Macro Outlook on Silver (XAG/USD) Silver prices are influenced by interest rates, inflation, and USD strength. If USD strengthens, silver could face more selling pressure, aligning with this bearish technical setup. Any hawkish monetary policy statements could accelerate the downside movement. 5️⃣ Risk Management & Alternative Scenarios ✔️ Ideal Risk-Reward Ratio Risk: Stop loss at $34.57 (~4.5% above entry) Reward: Target at $23.01 (~23% move) Risk-Reward Ratio: ~1:5 (highly favorable for short trades) ⚠️ Bullish Invalidations – When to Avoid the Trade? If Silver reclaims $34.57 and holds above, the pattern fails. A false breakout scenario could occur if price breaks below $30 but quickly moves back above. Watching for bullish divergence on indicators like RSI before entering a short position is recommended. Final Conclusion: Bearish Bias with Strong Downside Potential 📉 Summary of the Bearish Case: ✔️ Double Top pattern confirms a bearish reversal if the neckline breaks. ✔️ Break of ascending trendline signals increasing seller control. ✔️ Key levels: Stop-loss above $34.57 | Entry below $30 | Target $23.01. ✔️ Additional confluence: RSI, MACD, and volume confirmation strengthen the trade setup. 🚀 If price action aligns with this analysis, this setup presents a high-probability short opportunity. Would you like any refinements or additional insights? 🔥
OANDA:XAGUSDShort
by GoldMasterTrades