DOTUSDT ( BREAKOUT CHANNEL ) (4H)DOTUSDT
HELLO TRADERS
Tendency , the price is under downward pressure , until trading below turning level at 4.949
TURNING LEVEL : the price of this level at 4.949 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach a resistance level (1) .
RESISTANCE ZONE : this zone between 5.532 and 5.958 , in order to see this zone the price need breaking turning level at 4.949 , breaking this price indicates an increase and reaching the resistance level (1) at 5.532 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 5.598 , after breaking this zone it will be attempt to reach resistance level (3) at 6.532 , selling have already increase in this zone .
SUPPORT ZONE : this zone between 4.012 & 3.595 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 4.012 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 3.595
CORRECTIVE : the price corrective at 4.949, before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 5.532 , 5.958 , 6.532 .
SUPPORT LEVEL : 4.012 , 3.595 .
Tradingideas
GOLD 1H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone,
Please see our updated 1h chart levels and targets for the coming week.
We are seeing price between two weighted levels. We have 2509 Goldturn resistance and 2500, as Goldturn support.
We currently have a gap above on market open at 2509 and below at 2500 and will need ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2509
EMA5 CROSS AND LOCK ABOVE 2509 WILL OPEN THE FOLLOWING BULLISH TARGET
2519
2533
BEARISH TARGETS
2500
EMA5 CROSS AND LOCK BELOW 2500 WILL OPEN THE RETRACEMENT RANGE
RETRACEMENT RANGE
2488 - 2472
EMA5 CROSS AND LOCK BELOW 2472 WILL OPEN THE SWING RANGE
SWING RANGE
2458 - 2446
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD 4H CHART ROUTE MAP & TRADING PLAN FOR THE WEEK Hey Everyone,
Please see our updated 4h chart levels and targets for the coming week.
We are seeing price between two weighted levels. We have 2510 Goldturn resistance and we have 2468, as Goldturn support.
We currently have a gap open above at 2510 and below at 2491/2468 and will need ema5 cross and lock on either weighted level to determine the next range.
We will see levels tested side by side until one of the weighted levels break and lock to confirm direction for the next range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2510
EMA5 CROSS AND LOCK ABOVE 2510 WILL OPEN THE FOLLOWING BULLISH TARGET
2529
POTENTIALLY 2550
BEARISH TARGETS
2491
2468
EMA5 CROSS AND LOCK BELOW 2468 WILL OPEN THE FOLLOWING BEARISH TARGET
2436
EMA5 CROSS AND LOCK BELOW 2436 WILL OPEN THE SWING RANGE
SWING RANGE
2416 - 2389
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
DAILY CHART UPDATEHey Everyone,
Please see update on our daily chart structure that we have been tracking and trading successfully for a while now.
Last week we advised that a new Goldturn turn created a current ema5 cross and lock above 2405 opening 2464 again. Also keeping in mind the final gap we had open with candle body close above 2464 to 2521, which we shared, as a long range target for several weeks now.
- 2464 was hit perfectly last week and then currently we are seeing the breakout into the all time high and heading towards our final target at 2521. We are keeping this protected should we see any sharp corrections.
We will use our smaller timeframe analysis and trading plans to navigate the range in true level to level fashion.
Our long term bias is Bullish and therefore we will continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GOLD WEEKLY CHART MID/LONG TERM/RANGE ROUTE MAPHey Everyone,
Please see update on our weekly chart idea and analysis that we have been tracking and trading for several months.
Last week we stated that we had multiple attempts on the channel top and now we got the candle body close above 2434 opening the 2505 gap.
- This gap was now completing hitting our final target on this chart at 2505 - BOOOOOM!!
Now this is a crucial week coming up because if this break is to sustain itself on this new range we will be looking for price to find support above the channel top on a correctional retest and then a continuation above.
However, if we see on the re-test of the channel top a break into the channel then we will use the levels within the channel to provide the bounces, inline with our plans to buy dips in true level to level fashion, using our smaller time-frames.
If we see a continuation above then we will share a new updated weekly chart idea that we can then continue to track and trade for the months to come.
Buying dips allows us to safely manage any swings, instead of chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
USDCAD ( TRADING BELOW TURNING LEVEL ) ( 4H )USDCAD
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below turning level at 1.375 .
Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 1.375 , leading to rise that could reach the resistance level (1) 1.383 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 1.387 and 1.394 .
Downward Zone: as long as the price remain below the turning level at 1.375 , it may drop towards the support level (1) at1.367 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 1.360 and 1.354 .
CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 1.375 before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 1.383 ,1.387, 1.394 .
SUPPORT LEVEL : 1.367 , 1.360 , 1.54 .
LTCUSD ( INSIDE DESCENDING CHANNEL ) ( 4H )LTCUSD
HELLO TRADERS
inside sensitive area between two turning level , currently it will be attempt to reach turning level (2) .
Tendency, the price inside sensitive are between two turning level around 61.61 and 55.90 .
Upward Zone : in order see increase , if the price corrective turning level (2) and stabilizing above this level should be trying to reach turning level (1) at 61.61 , to confirm up trading , the price will be breaking turning level (1) to reach resistance level (1) at 65.88 , after by closing 4h candle above it reach a resistance level (2) at 68.41 .
Downward Zone: by breaking turning level (2) at 55.90 , the price should be trying to reach support level (1) 49.77 , after stabilizing below this level could further support to reach of as next level at 47.45 .
TARGET LEVEL :
RESISTANCE LEVEL : 65.88 ,68.41 .
SUPPORT LEVEL : 49.77 , 47.45 .
BCHUSD ( UNDER DOWNWARD PRESSURE ) ( 4H )BCHUSD
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below turning level at 342.80 .
Turning Level: The price is currently trading below this level around 342.80 . As long as it remains stable and stays below this level, a drop toward the support level (1) is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level (1) can be expected.
Resistance Level (1): around 371.54, The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 342.80 . If the price reaches 371.54, and stabilizes above it, it will likely attempt to reach resistance level (2) .
Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 402.00 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 448.76 .
Support Level (1): As long as the price remains below the turning level of 342.80, it suggests a drop towards 309.33 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2).
Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 285.31 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3) at 250.56 .
Channel Trend: the trading rate within the ascending channel .
TARGET LEVEL :
RESISTANCE LEVEL : 371.54 , 402.00 , 448.76 .
SUPPORT LEVEL : 309.33 , 285.31 , 250.56 .
ARBUSDT ( TRADING BELLOW TURNING LEVEL ) ( 4H )ARBUSDT
HELLO TRADERS
The current price is trading below turning level at 0.59. Consolidation and holding below this level would provide strong support for a price decline towards the support level (1) of 0.51. However, if the price breaking and a four-hour candle closes above this level, it may lead to a rising towards resistance level (1) .
Downward Zone: As long as the price stays below the turning level at 0.59 , ARBUSDT is likely to dropping towards support level (1) at 0.51 . If a 4-hour candle closes below this level , it could push further to 0.42 , then 0.42 .
Upward Zone: by breaking turning level around 0.59 , it suggests a increase towards resistance level (1) at 0.67 , confirming a upward trend. If the price stabilizes or stays above this level, there is a strong likelihood of reaching the resistance level (2) around 0.73 or possibly even rising .
CORRECTIVE : currently price it will be attempt to retest to reach a turning level at
0.59 before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 0.67 , 0.73 , 0.82 .
SUPPORT LEVEL : 0.51 , 0.47 , 0.42 .
Turning level at 0.59 , Time Frame ( 4H ) .
PEPEUSDT ( INSIDE SENSITIVE AREA BETWEEN TWO TURNING LEVEL )(4H)PEPEUSDT
Hello Traders,
Currently, the price is in a sensitive area between two turning levels and is attempting to reach turning level (2).
Tendency: The price is situated between turning levels 0.000008 and 0.000007.
Upward Zone: For an increase, the price needs to correct at turning level (2) and stabilize above it. This should lead to a move towards turning level (1) at 0.000008. To confirm an uptrend, the price must break turning level (1) and reach resistance level (1) at 0.000010. Closing a 4-hour candle above 0.000010 , would indicate a move towards resistance level (2) at 0.000011 .
Downward Zone: If the price breaks below turning level (2) at 0.000007, it should then aim for support level (1) at 0.000006. If the price stabilizes below 0.000006 , it may further decline to support level (2) at 0.000005.
Target Levels:
Resistance Levels: 0.000010, 0.000011 .
Support Levels: 0.000006 , 0.000005 .
GOLD ROUTE MAP UPDATEHey Everyone,
We had a PIPTASTIC finish to the week with all our Bullish targets complete!!!
After completing our targets yesterday we got the correction back into the range below and we stated that we will now need to see ema5 cross and lock above 2459 to open 2475 once again.
- We got the cross and lock above 2459 once again and then followed with the 2475 retest hit, just like we said. We then got the ema5 cross and lock above 2475 opening 2488 and 2500, which were both hit perfectly completing this range - BOOOOOM!!!
We will now come back Sunday with our Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GBPUSD ( UNDER BEARISH PRESSURE ) ( 4H )GBPUSD
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below turning level at 1.293 .
Turning Level: The price is currently trading below this level around 1.293 . As long as it remains stable and stays below this level, a drop toward the support level (1) is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level (1) can be expected.
Resistance Level (1): around 1.298 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 1.293. If the price reaches 1.298 , and stabilizes above it, it will likely attempt to reach resistance level (2) .
Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 1.303 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 1.309 .
Support Level (1): As long as the price remains below the turning level of 1.293, it suggests a drop towards 1.283 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2).
Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 1.275 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 1.268 .
Channel Trend: the trading rate within the ascending channel.
TARGET LEVEL :
RESISTANCE LEVEL : 1.298 ,1.303 ,1.309 .
SUPPORT LEVEL : 1.283 , 1.275 , 1.268 .
US30 ( TRADING BELOW RESISTANCE TRENDLINE ) ( 4H )US30
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below resistance trendline .
Turning Level: The price is currently trading below this level around 40,671 . As long as it remains stable and stays below this level, a drop toward the support level is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level can be expected.
Resistance Level (1): around 41,016 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 40,671. If the price reaches 41,016 , and stabilizes above it, it will likely attempt to reach resistance level (2) .
Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 41,348 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 41,718 .
Support Level (1): As long as the price remains below the turning level of 40,671, it suggests a drop towards 40,208 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2).
Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 39,932 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 39,606 .
Channel Trend: the trading rate within the ascending channel.
TARGET LEVEL :
RESISTANCE LEVEL : 41,016 ,41,348 , 41,718.
SUPPORT LEVEL : 40,208 , 39,932 , 39,606 .
Time Frame : 4H
USDJPY ( UNDER UPWARD PRESSURE ) ( 4H )USDJPY
HELLO TRADERS
in the last week the price of OANDA:USDJPY starting to rising , currently the price it will be trying to breakout a channel , in the event of this occurrence , price starts to up trading .
Tendency , the price is under bullish pressure , until trading above turning level .
Downward Zone : for a downward movement to occur , the price needs to break through the turning level at 145.994 , leading to decline that could reach the support level (1) 144.322 , if the price breaks and stabilizing below this level it may attempt to reach support zone between 142.223 and 139.804 .
Upward Zone: as long as the price remain above the turning level at 145.994 , it may rising towards the resistance level (1) at 150.900 , if the price breaks this level with a 4h candle closing above it , it suggest further upward towards the resistance zone between 154.969 and 158.169 .
CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 145.994 before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 150.900 ,154.969 , 158.169 .
SUPPORT LEVEL : 144.322, 142.223 , 139.804 .
DOGEUSDT ( REMAIN ABOVE TURNING LEVEL ) ( 4H )DOGEUSDT
HELLO TRADERS
in the last chart as mentioned if the price breaking turning level active the upward trending , currently price remain above a turning level .
Tendency, the price trading above turning level at 0.099, this makes the upward direction active.
Upward Zone : currently the price remain turning level at 0.099 , until the price trading above this level we can see strong upward trending to reach resistance level (1) at 0.115 , then by closing 4h candle above it reach resistance level (2) at 0.128 .
Downward Zone: by breaking turning level around 0.099 , the price dropping to reach a support level (1) at 0.091 , to confirm downward , the price need breaking 0.091 by open 4h candle below it to reach a support level (2) at 0.080 .
TARGET LEVEL :
RESISTANCE LEVEL : 0.0115 , 0.128 .
SUPPORT LEVEL : 0.091 , 0.080 .
NAS100USD ( UNDER UPWARD PRESSURE ) ( 4H )NAS100USD
HELLO TRADERS
The price is currently under upward pressure as long as trading continues above the support level of 18,696. For today, staying below 18,085 indicates a decline towards 18,696, but breaking this level supports a rise towards 19,522.
Tendency , the price is under bullish pressure , until trading above turning level around 19,085 .
Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 19,085 , leading to rise that could reach the resistance level (1) at 19,522 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 20,082 and 20,475 .
Downward Zone: as long as the price remain below the turning level at 19,085 , it may drop towards the support level (1) at 18,696 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 17,772 and 17,270 .
CORRECTIVE : currently price it will be attempt to retest to reach a support level (1) at18,696 before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 19,522 ,20,082 , 20,475 .
SUPPORT LEVEL : 18,696 , 17,772 , 17,270 .
Turning level : 19,085 , Time frame 4H
XAUUSD ( UNDER BEARISH PRESSURE ) ( 4H )XAUUSD
HELLO TRADERS
Yesterday , during the release of the inflation rate in the U.S., just as I predicted, the drop led to a +350 pip profit .
For today, the price holding at $2,442 suggests a possible rise towards resistance levels. However, if the price breaks down, we might see a decline towards support levels. There are also some key news events at 3:30 PM today that could have a significant impact on gold’s movement.
Tendency , the price is under down ward pressure , until trading below resistance zone between 2,474$ and 2,484$ .
Upward Zone : If the price continues to trade and hold above $2,442, it will support an upward move towards the first resistance level at 2,463$. A break above this level and the closing of a four-hour candle above it would strengthen the move into the resistance zone between 2,474$ and 2,484$ , To confirm this upward trajectory, it's expected that the news releases will likely result in a negative of the dollar.
Downward Zone : A break and the closing of a four-hour candle below 2,442$ , would shift the trajectory downward toward the first support level. To confirm the downtrend, the price needs to stay below 2,421$ , leading to a move into the support zone between 2,406$ and 2,391$.
TARGET LEVEL :
RESISTANCE LEVEL : 2,463$ , 2,474$ , 2,484$ .
SUPPORT LEVEL : 2,421$ , 2,406$ , 2,391$ .
Turning Level : 2,442$ , Time Frame ( 4H )
GOLD ROUTE MAP UPDATEHey Everyone,
Another great day on the charts today with our plans to buy dips playing out perfectly.
After completing our targets yesterday, we stated that no cross and lock above 2475 confirmed the rejection, which followed with the drop into the lower Goldturns for support bounces. We also stated that we are now back in the range and therefore levels are active again to track the movement up.
We got the drop into 2434 weighted Goldturn, which provided the support for the bounce now into 2459 weighted level. We will now need to see ema5 cross and lock above 2459 to open 2475 once again. Failure to cross and lock above 2459 will follow with a rejection to find support at the lower Goldturns track the movement level to level again.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2434 - DONE
EMA5 CROSS AND LOCK ABOVE 2434 WILL OPEN THE FOLLOWING BULLISH TARGET
2446 - DONE
2459 - DONE
EMA5 CROSS AND LOCK ABOVE 2459 WILL OPEN THE FOLLOWING BULLISH TARGET
2475 - DONE
BEARISH TARGETS
2421
EMA5 CROSS AND LOCK BELOW 2421 WILL OPEN THE FOLLOWING BEARISH TARGET
2408
2396
EMA5 CROSS AND LOCK BELOW 2396 WILL OPEN THE SWING RANGE
SWING RANGE
2380 - 2360
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
BTCUSD ( UNDER BULLISH PRESSURE ) ( 4h )BTCUSD
HELLO TRADERS
after the price of bitcoin breakout the support trendline, currently again likely towards to reach this trend line , know trading above turning level around 58,152 .
Tendency, the price is under bullish pressure , until trading above turning level around 58,152
Upward Zone: As long as the price stays above the turning level at 58,152 , bitcoin is likely to rising towards resistance level (1) at 62,212 . If a 4-hour candle closes above this level , it could push further to 65,753 . Once the price stabilizes above the resistance level (2) around 65,753, we might witness to reach resistance level (3) at 69,500 .
Downward Zone: by breaking turning level around 58,152, it suggests a decline towards support level (1) at 54,665, confirming a downward trend. If the price stabilizes or stays below this level, there is a strong likelihood of reaching the support level (2) around 51,260 or possibly even lower .
CORRECTIVE : currently price it will be attempt to retest to reach a turning level at
58,152 before rising .
TARGET LEVEL :
RESISTANCE LEVEL : 62,212 , 65,753 .
SUPPORT LEVEL : 54,665 , 51,260 .
GOLD ROUTE MAP UPDATEHey Everyone,
It never ceases to amaze us how amazingly our levels allow us to confirm continuations and rejections.
Our last update yesterday we confirmed all our bullish targets were hit after ema5 cross and lock confirmations in each stages allowing us to track and trade the movement up.
We the stated that we will now look for ema5 to cross and lock above 2475 to open 2488 and potentially 2500 or a failure to lock above this level will follow with a rejection into the lower Goldturn support levels for bounces.
- This played out perfectly, as we had no cross and lock above 2475 confirming the rejection, which followed with the drop into the lower Goldturns for support bounces. We are now back in the range and therefore levels are active once again, which will allow us to track and trade the movement level to level.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2434 - DONE
EMA5 CROSS AND LOCK ABOVE 2434 WILL OPEN THE FOLLOWING BULLISH TARGET
2446 - DONE
2459 - DONE
EMA5 CROSS AND LOCK ABOVE 2459 WILL OPEN THE FOLLOWING BULLISH TARGET
2475 - DONE
BEARISH TARGETS
2421
EMA5 CROSS AND LOCK BELOW 2421 WILL OPEN THE FOLLOWING BEARISH TARGET
2408
2396
EMA5 CROSS AND LOCK BELOW 2396 WILL OPEN THE SWING RANGE
SWING RANGE
2380 - 2360
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
XAGUSD ( BREKOUT DESCENDING CHANNEL ) ( 4H )XAGUSD
HELLO TRADERS
Tendency , the price is under bearish pressure , after breakout channel and trading below turning level at 27.96.
TURNING LEVEL : the price of this level at 27.96 , so until the price trade below this level indicates likely to reach a support level (1) , but if the breaking by open 4h candle above this level reach of a resistance level (1) .
RESISTANCE ZONE : this zone between 28.84 and 29.65 , in order to see this zone the price need breaking turning level at 27.96 , breaking this price indicates an increase and reaching the resistance level (1) at 28.84 , then stabilizing above resistance level (1) likely to reach of a resistance level (2) at 29.65 , after breaking this zone it will be attempt to reach resistance level (3) at 30.82 , selling have already increase in this zone .
SUPPORT ZONE : this zone between 26.68 & 26.07 , until the price trading below turning level or stabilizing below this level indicates to reach of a support level (1) at 26.68 , by open 4h or 1h candle below support level (1) , it indicates to reaching support level (2) around 26.07
CORRECTIVE : the price corrective at 27.96 , before dropping .
TARGET LEVEL :
RESISTANCE LEVEL :28.84 , 29.65 , 30.82 .
SUPPORT LEVEL : 26.68 , 26.07 .
US30 ( UNDER CPI PRESSURE ) ( 4H )US30
HELLO TRADERS
Yesterday, the Dow Jones experienced a significant rise. Today, due to the release of the U.S. inflation report, the market is expected to show high volatility. From a technical perspective, if the price stabilizes below 39,951, we might see the first and second support levels. However, if it breaks above this level with a close of a 4-hour or 1-hour candle, the price is likely to rise towards the first resistance level.
Tendency , the price is under bearish pressure , until trading below turning level around 39,951
Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 39,951 , leading to rise that could reach the resistance level (1) at 40,668 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 41,049 and 41,410 .
Downward Zone: as long as the price remain below the turning level at 39,951 , it may drop towards the support level (1) at 39,448 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 39,022 and 38,370 .
CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 39,951 before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 40,668 , 41,049 , 41,410 .
SUPPORT LEVEL : 39,448 , 39,022 , 38,370 .
NAS100USD ( BETWEEN SUPPLY ZONE AND DEMAND ZONE ) ( 4H )NAS100USD
HELLO TRADERS
price of nas100usd trading nearby support trendline , currently price above demand zone and below supply zone , breaking down each of these determine the direction of the market .
Tendency, the price inside sensitive are between supply and demand zone
Upward Zone : until the price trading demand zone at 17,772 , price rising to reach a resistance level (1) at 18,342 , to ensure rise the price should be breaking supply zone by closing 4h candle above it to reach resistance level (2) 18,696 , then to 19,552 .
Downward Zone: as long as the price trading below supply zone , starting to fall to reach support level (1) at17,772 , the by closing 4h or 1h candle below it reach to next level around 17,270 , to confirm decline price must be breaking the demand zone for a support zone between 16,985 and 16,649 .
TARGET LEVEL :
RESISTANCE LEVEL : 18,342 , 19,552 .
SUPPORT LEVEL : 17,772 , 17,270$ , 16,985 ,16,649 ( support zone ) .