XAUUSD strong down opportunity to big falling 1. Resistance Zone Validity – The marked resistance zone appears strong due to multiple rejections. However, if the price breaks above this zone with strong bullish momentum, a further rally may occur instead of the expected drop.
2. Support Strength – The lower support around 2,890 is a key level. However, if buyers aggressively step in before reaching it, the price could consolidate or reverse prematurely, invalidating the expected bearish move.
3. Market Context – Fundamental factors like economic data, interest rates, or geopolitical events could impact gold prices, overriding this technical setup.
4. False Breakdown Risk – Price could briefly dip below intermediate support and then reverse sharply, trapping sellers in a bear trap
Trend-analysis
Us30 strong bullish opportunity 1. Overly Bullish Bias
The analysis assumes a clean breakout above support and a strong push to resistance.
However, Dow Jones is known for fakeouts—meaning:
A false breakout above resistance could trap buyers before reversing.
A liquidity grab below support might happen before the real move.
2. Weak Confirmation for the Uptrend
There's no clear volume confirmation—breakouts need high volume to be valid.
Price is consolidating near key Fibonacci levels, meaning a reversal is just as likely as a breakout.
A better approach would be waiting for a strong retest and breakout confirmation.
3. Ignoring Key Fibonacci Levels
The chart includes multiple Fibonacci levels but does not integrate them into the projection.
The 2.618 (43,535) and 3.618 (43,446) levels suggest possible retracements before an upward move
Instead of an instant push-up, a dip to test Fibonacci support is likely.
4. Resistance Might Hold Strong
The resistance area is broad, meaning:
A rejection at resistance could lead to a short-term bearish pullback.
The market might range between the two levels instead of moving in a straight line.
Alternative Scenario:
Instead of assuming an instant bullish move:
1. Bearish Trap First: A false breakout above resistance to trap buyers, followed by a drop.
2. Deeper Retest: Price could revisit support or a Fibonacci level before a true breakout.
3. Wait for Volume Confirmation: If resistance breaks with strong momentum, then an entry makes sense
ETH - Super bullish inverse H&SCould we be looking at a super bullish scenario of an inverse head and shoulders for ETH? It looks ugly, but could work if the neckline is decisively breached. If it is, we could be looking at some serious gains for ETH. This isn't meant to be fake news or an attempt to gain followers, it's all on the pile of possibles until made improbable. So, we'll keep our fingers crossed and look for higher highs. Until then, follow for more.
SOL/USDT: Are We Gearing Up for a Big Move?Take a step back and look at the big picture for SOL/USDT. There's a long-term head and shoulders pattern forming that could redefine where Solana is headed. Pair that with the Hurst cycles, and we have a cocktail of signals that just… works.
If this plays out, we might see a week-long breach of the upper trend line in the next 18 months—a move that would confirm higher highs are on the horizon.
This is the kind of setup that rewards patience. Do you see it breaking out, or is this just wishful thinking? Follow and share your thoughts below—let’s see how this one plays out. 🚀
BTC is looking like more down, but a great buy opportunity Head and shoulders for BTC was invalidated recently leaving a short term play that looks like some more downside than up, for the very short term in any case. It looks like the green trend line was broken of late. Typically when there's a break, the price action comes back down to buffet on it for a short while before taking off agian. Let's see what happens, it looks like a great buying opportunity though. Cycles in green semi circles also pervail to there being more down than up to go. Follow and share for more.
AIXBT set for one more push before correctingThis new coin looks as though it could be on wave 4 of 5. The volume looks strong inferring that the big green bars of late were in fact wave 3, so starting with there it fits really nicely. I'd put a trade on if the trend line is broken to complete wave 4, which would mean the wave 5 has the room to complete. But, the inevitable ABC is absolutely unmistakable after wave 5 is in so watch out for that. I wont be placing any trades as the liquidity is so low. But, you make your own decision. Follow for more.
HelenP. I Bitcoin can make correction and then continue growHi folks today I'm prepared for you Bitcoin analytics. In the chart, we can see how the price fell to the support level and some time traded near it and later broke this level and continued to decline to the trend line. After this movement, the price turned around and made impulse up, thereby reaching the 99500 level one more time and soon broke it again. Later, the price some time traded near this level and then continued to move up to the resistance level, which coincided with the resistance zone. When the price reached this level, it first made the correction and then made an impulse up, breaking the resistance level. After this, the price reached a new ATH (108K points) and then dropped to the trend line, breaking the resistance level again. Soon, BTC broke the trend line and fell to the support level, but a not long time ago it rebounded and started to move up. For this case, I expect that BTCUSDT will make small corrections and then continue to move up to the resistance level. That's why I set my goal at 105000 level. If you like my analytics you may support me with your like/comment ❤️
XRP, much more to goLooking back at the fractal I created a few months ago, it's playing out really well. Looking at the 5 waves that were put in within the first fractal, there could be an opportunity for the same 5 waves to play out within the second fractal. So, hold firm and keep XRP close and look forward to the eye watering upswide that we'll see within the next 6-7 months. Follow for more.
Bearish Setup on EUR/USD After Rejection at Key ResistanceTrading Idea on 1-Hour Chart (H1):
The EUR/USD pair is showing signs of a potential bearish continuation after testing a key resistance zone around 1.0540 - 1.0544, which aligns with a previously broken downward trendline.
The market structure on the H1 timeframe indicates lower highs, suggesting sellers are regaining control.
Technical Confirmation:
Key Resistance Zone:
The 1.0540 - 1.0544 area acts as a significant rejection point where bullish momentum appears to be weakening.
Break-Retest Pattern:
The price broke below a descending trendline and is now retesting the zone, showing clear signs of rejection.
RSI Indicator:
The RSI is currently near 60, reflecting recent bullish movement but remaining below overbought levels, which signals potential exhaustion in the upward move.
Technical Confirmation:
Key Resistance Zone:
The 1.0540 - 1.0544 area acts as a significant rejection point where bullish momentum appears to be weakening.
Break-Retest Pattern:
The price broke below a descending trendline and is now retesting the zone, showing clear signs of rejection.
RSI Indicator:
The RSI is currently near 60, reflecting recent bullish movement but remaining below overbought levels, which signals potential exhaustion in the upward move.
Summary:
This idea is based on a bearish continuation pattern following rejection at a key resistance zone, supported by trendline retest and weakening bullish momentum. Confirmation on lower timeframes (e.g., M15) is recommended before entry.
Bitcoin through next halving - on the cusp of a new cycle pt. 2Adding another view to my previous idea removing the volatility between the move. Please see for an idea of what the volatility could look like:
Key areas:
Keep an eye on RSI momentum
Keep an eye on major support levels which will be added as time goes on
Use pre-established profit points - and DON'T fomo when the time comes. Pick your sell points and COMMIT to them - put a post-it on your monitor.
BTCUSD Breakout Alert: Head and Shoulders Pattern Targets $108K!Bitcoin is showing a textbook Head and Shoulders breakout, with a potential move above the neckline (dotted line). The projected target for this bullish structure points toward $108,000, marking a significant continuation of the long-term uptrend.
Entry Idea: On retest of the neckline or consolidation above the breakout zone.
Stop-Loss: Below the right shoulder for risk management.
Take-Profit Target: $108K, in line with the projected breakout target.
Keep an eye on volume too.
Disclaimer: This is not financial advice. Conduct your own analysis and manage risk accordingly.
Follow for more.
#NOT 4H. Symmetrical triangle and potential for growth. 11/20/24Looks solid. At the moment, the price has formed a "symmetrical triangle" pattern.
I expect a bit more sideways movement, followed by a breakout and an upward move. I believe the launch of new tap-to-earn tokens in November will drive growth across the entire Ton ecosystem.
From the current levels, I anticipate at least a 50% increase without leverage. You already know the mid-term targets for Notcoin. Well, these are my targets and my opinion—it's up to you to decide what to do with these thoughts.
USDCAD BULLISH PROFITABLE IDEA#USDCAD is at a bullish sentiment, what we can do from the previous price action is observed the previous Break of structure in the bullish direction.
It is important to note hoe the break of structure took place , and as we see there was formation o structure which resulted in an impulsive market action resulting to the break, this area has been untapped till now of any pending liquidity in support of the bullish trend
What to do ?
Wait or the price action to mitigate this area and look for a suitable entry position based on your entry techniques, esp before the news.
#all the best.
PEPE’s Next Move: Anticipating a Correction Amidst OvervaluationIn the wake of the recent rally in BINANCE:BTCUSDT , BINANCE:1000PEPEUSDT.P has followed suit, joining the upward momentum and achieving fresh higher highs. Looking at historical patterns, it's plausible that we could witness a 10% retracement in the coming days, as corrections have been common following similar surges. Furthermore, we’ve been tracking a month-long upward trend where strategic pullbacks have consistently set the stage for new highs, reinforcing the potential for a short-term decline.
The current price action appears somewhat inflated, especially when considering key indicators such as the EMA200 and Bollinger Bands , both of which suggest overvaluation at this stage. With these confluences in mind, I foresee a potential move towards filling the imbalance that has been left behind by recent price spikes.
For this setup, I have identified two target profit zones:
TP1: 0.0100676
TP2: 0.0096963
To manage risk, the stop-loss is placed at 0.0112460, allowing for a balanced approach that accounts for market volatility while still capturing potential downside movement.
Forex Analysis: Super Clean Double Top Setups in GU, GJ, and EJIn this forex analysis video, we'll be discussing the market movements of the euro (EU), the British pound (GU), the Japanese yen (GJ), and the euro yen (EJ).
EU: No narrative setup was identified due to the failure of the 15m entry to bounce twice and form a double top before the price decline.
GU: A super clean setup was identified. Price bounced on the previous day's high and formed a double top entry on the 15m timeframe.
GJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe.
EJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe.
GOLD h1 chart analysis 100%Follow the instructions.
If the price consolidates between $2502 and $2505, gold may touch the $2494 level before bouncing back to $2528. A break above the strong resistance level could potentially send gold to new all-time highs (ATH).
Bullish Opportunities:
1. 2500 - 2502
2. 2477 - 2487
Bearish Opportunities:
1. 2510 - 2512
2. 2546 - 2560 (Only if the Strong resistance level Breaks and Gold Reaches its new high).
Possibility:
waiting for geopolitical situation as it getting worsting.
I'll Update as it needs to be updated.
Use proper risk management Or money management and follow my instructions properly.
Don't forgot to support by liking or following!!
[INTRADAY] #BANKNIFTY PE & CE Levels(12/08/2024)Bank Nifty Opening Outlook:
Opening: Expected to be flat.
Upside Potential:
If Bank Nifty sustains above the 50,550 level, an upside rally up to 50,950 is anticipated.
Strong resistance is expected at the 51,000 level.
Downside Potential:
If Bank Nifty starts trading below the 50,450 level, a downside move of 400-500 points is possible.
The 50,000 level will act as a support for today’s session.
XAUUSD major support and resistance for the daysupport:
2348
2337
2327
2322
2312
2306
Resistance:
2365
2374
2388
2395
2404
2412
2421
The bottoming sign in the 1D timeframe is clear, but the upward momentum still falls short of expectations. If a strong uptrend forms today, we could see a high of 2,370 in the 1D timeframe, after completing this uptrend, we will then assess whether there will be a correction or if the bullish trend will continue. In the 4H timeframe, it is just lacking a bit of momentum for an uptrend. With another rise on Thursday to break through 2,342 and the Bollinger upper band widening, it will form a strong uptrend. This could lead to a significant surge, and combined with the target in the 1D timeframe, we could see a rise of about US$30 this week.
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AUD/USD shortAUD/USD One hour trading report overview
Tickets (EP): 0.6662
Reason: Select the 0.6662 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities exist during market corrections.This setup suggests the best entry point to capture a potential downtrend.
Stop Loss (SL): 0.6711
Rationale: Stop loss is set at 0.6711, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect the trade from any unexpected upside, thereby minimizing potential losses.
Take Profit (TP): 0.6601
Reason: Take profit level is set at 0.6601 The strategic goal is to maintain reasonable profits when the price is close to the previous support level and to ensure reasonable profits when the price pulls back.
Profit on this trade: 61pips (610usd/lot)
Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly