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Monster Beverage: Breakout and PullbackMonster Beverage broke out to a new all-time high in May, and now it’s pulled back. The first pattern on today’s chart is the March 2024 high of $61.23. The maker of energy drinks hesitated at that level in early May but pulled back to hold it last week. Has old resistance become new support? Second, MNST is trying to stabilize at its rising 50-day simple moving average. That may reflect a bullish intermediate-term trend. Third, the most recent dip pulled stochastics into oversold territory. Finally, bullish price action after the last two earnings reports may reflect positive sentiment. Check out TradingView's The Leap competition sponsored by TradeStation. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:MNST
by TradeStation
#USOIIL #WTI 1H📈 #USOIL 1H Buy Setup – Liquidity Sweep in Play Crude Oil is consolidating after a sharp decline, forming a potential setup for a liquidity sweep below the current range, followed by a bullish reversal. We're anticipating a fakeout move to grab sell-side liquidity before price targets the Fair Value Gap (FVG) and premium supply zone above. 🟩 Buy Limit: 64.50 / 64.00 🎯 Targets: 70.00 → 72.00+ ❌ Stop Loss: 63.00 This setup offers high risk-to-reward potential if the liquidity sweep plays out as expected. Monitor price action closely at the buy zone. #CrudeOil #WTI #SmartMoney #TradingStrategy
TVC:USOILLong
by PIPSFIGHTER
HelenP. I Gold may retest resistance before dropping to $3230Hi folks today I'm prepared for you Gold analytics. If we look at the chart, we can see that after a period of sideways consolidation, gold started to form lower highs under a descending trend line. Each time the price approached this trend line, it was rejected, confirming strong bearish pressure. Most recently, XAUUSD broke below the support-turned-resistance level around 3295, entering the lower resistance zone. Now, the price is trading just under this area, which has acted as a strong supply zone in the past. Given the current technical setup, I expect that gold may show a minor upward move to retest the resistance zone between 3285 - 3295. However, this retest is likely to act as a trigger for sellers to step back in. The prevailing downtrend and repeated failures to break the trend line suggest further weakness ahead. That’s why I’ve placed my target at 3230 points - a level that aligns with the next major support on the chart. This area could provide the next bounce opportunity, but for now, the bearish structure remains dominant. If you like my analytics you may support me with your like/comment ❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:XAUUSDShort
by FirstNameHelen
11
Excellent opportunities on GoldAs discussed throughout my yesterday's session commentary: "My position: I have engaged #4 Scalp orders throughout yesterday's session (all in Profit) and will continue to do so however on the other side (Buying) from my key entry points. Keep in mind that overall trend remains Bullish and Trade accordingly." As I expected upside extension as per above, I have waited for #3,352.80 - #3,357.80 my local Top's for the sequence and started aggressively Selling Gold from #3,348.80 first, then #3,352.80 #4 aggressive Selling Scalps and #3,357.80 final two Scalps which I held all the way towards #3,345.80 Support for the fractal (cca #130k Profits Intra-day). My position: Since #3,337.80 was neckline for upside Bull structure, I was aware if it gets invalidated to the downside, it will open doors for #3,327.80 extension (which held twice throughout late U.S. and Asian session). I don't expect much Selling action today however Bulls need another Fundamental push to invalidate wall of Resistances at #3,340's and #3,350's. I will continue Scalping as opportunity arise / no Swing orders.
TVC:GOLDLong
by goldenBear88
Sol searching, for an entry. If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! The Elliottician’s Paradox: 12-12 or Zigzag? Bias Is the Key Ever stare at a chart and ask, “Is that a 12-12 or a classic zigzag?” Yeah… welcome to the paradox we Elliotticians live in. Pattern recognition’s a blessing and a curse because context is everything, but confidence can get you wrecked. This one’s got me on the edge. What’s Happening Here We’re currently watching a move that could be either: - A corrective zigzag (5-3-5), or - A 1-2, 1-2 setup, gearing up for a blastoff That’s the core dilemma — two valid options, both technically legal. So what tips the scales? Bias. The Line in the Sand: 152 Here’s what I’m watching for: Key Level: 152 - That’s the bull/bear line for me. - A strong impulsive reclaim above 152 flips the script. I’d reconsider the bearish view if price surges with intent. - But if we return to 152 in a sluggish, corrective way? I’ll be eyeing continuation lower, aligned with a more traditional zigzag structure. Elliott View This is where the paradox plays out: If we’re looking at a 1-2, 1-2 setup, expect: - A powerful Wave 3 soon (should not be shy) If it’s a Zigzag ABC: - Then we should expect a corrective internal retracement and continuation to the down side, at minimum past the origin of the initial move. The chart will speak loudest. But structure and strength of this next leg will confirm the story. Final Thoughts Trading isn’t about being right. It’s about managing scenarios — and this one’s a classic fork-in-the-road moment. I’ve got a plan for both directions. 152 is my trigger. Stay below it and fade the rally. Break above it impulsively, and I’ll flip my bias with it. The Elliottician’s paradox isn’t a trap — it’s an invitation to stay sharp. Your Turn How are you reading this structure? Do you favor the zigzag or the 1-2 setup? Drop a comment and let me know. Trade safe, trade clarity!
COINBASE:SOLUSDShort
by CryptoKnee
Fibonacci Secrets for Traders! 🔵 38.2% - Low Probability: Not much happens here. Ignore this level. 🟠 61.8% - Good Probability: A common level where price reacts. Watch for reversals. 🟢 78.6%-88.6% - Very Good Probability: The “Sweet Spot” or Sell Zone – high chance of price reversing. 🟡 Manipulation: Price might fake out around 61.8% before hitting the Sell Zone. 💡 Focus on the 78.6%-88.6% levels for the best trades, but always confirm with other tools. Stay sharp and trade smart! 📈 #Educational
OANDA:XAUUSDShort
by CryptoSkullSignal
EURUSD – A Potentially Busy Day Ahead For TradersThis morning, EURUSD recorded a near 4 year high at 1.1807, the beneficiary of improving risk sentiment, uncertainty about the ECB’s next interest rate move, and concerns about what President Trump’s tax cut bill, that is progressing through the Senate currently, could mean for the sustainability of the US debt burden moving forward. Now, with the FX quarter end rebalancing completed yesterday, it is possible to look forward to the upcoming scheduled events for today that could influence where EURUSD moves next. First up, at 1000 BST this morning, traders receive the latest preliminary inflation (HICP) update for the Eurozone. The outcome of this release could provide further insight into whether the current market expectation for one more ECB rate cut in 2025 is possible, or if they may be on hold for the foreseeable future. Next up, starting at 1430 BST is a panel discussion attended by ECB President Lagarde, Fed Chairman Powell, BoE Governor Bailey and BoJ Governor Ueda at the ECB’s Central Bank Forum in Portugal. The topic, “adapting to change: macroeconomic shifts and policy responses”. The comments of these central bank heads on inflation, interest rates, tariffs and economic growth could be important for the direction of all the major G7 FX pairs. Then, at 1500 BST the ISM Manufacturing PMI survey is due for release. While US manufacturing activity is still expected to languish in contraction territory, below 50, traders will be focused on whether there has been any improvement in the headline print, and what the prices paid component could indicate for the direction of US inflation across the remainder of 2025. These events, when taken with real time updates from President Trump and members of this administration on his tax bill, trade deals and flexibility of the July 9th tariff deadline, sets today up as a potentially volatile period for EURUSD trading. Technical Update: Assessing the Recent Trend From a technical perspective, a positive pattern of higher highs and higher lows remains in the EURUSD price and as the chart below shows, Tuesday has seen another new recovery high posted at 1.1807. While much will continue to depend on market sentiment and price trends, it might be argued that the posting of this new price high for the current upside move, suggests a further phase of strength is still possible. However, what are the levels traders may now be watching to gauge where the next directional price risks might lay over coming sessions? Potential Support Levels: Since posting the June 19th session low at 1.1446, EURUSD has rallied by over 3.00% (1.1446 to 1.1807) and while this doesn’t mean price weakness is necessarily on the cards, traders might become concerned a price correction is due after such a strong advance. As the chart above shows, the 38.2% Fibonacci retracement of latest price strength, currently stands at 1.1668. This can mark a potential first support focus, after the recent move higher. Closing breaks under 1.1668, while not a guarantee of further price declines, may then lead to a deeper phase of weakness towards 1.1583, which is equal to the 61.8% retracement level. Potential Resistance Levels: As a result of latest strength, EURUSD has traded to levels last seen in mid-September 2021 and to gauge the next potential resistance levels, we switch to the longer term weekly chart shown below. If further price strength still emerges from current levels, traders may now be focused on 1.1909, the August 2021 failure high, as the next possible resistance level. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
Bullish bounce?The Aussie (AUD/USD) is falling towards the pivot and could bounce to the 1st resistance that aligns with the 161.8% Fibonacci extension and the 61.8% Fibonacci projection. Pivot: 0.6562 1st Support: 0.6548 1st Resistance: 0.6613 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Tesla Drop Pressures Nasdaq – 22,470 Key to Hold RecoveryUSNAS100 | Overview Tesla dropped approximately 5%, weighing heavily on the Nasdaq, amid public tensions between Elon Musk and Donald Trump. Yesterday, the price declined below 22,610 due to the impact of Tesla’s fall but remained above 22,470. As long as it trades above this level, a recovery attempt is likely, with the price expected to break through the consolidation zone between 22,615 and 22,740. However, if the 1h candle closes below 22,470, the bearish trend is expected to continue toward 22,280 and potentially lower. Pivot: 22,470 Resistance: 22,615 – 22,740 –23,000 Support: 22,280 – 22,200
OANDA:NAS100USDLong
by SroshMayi
USDJPY H1 I Bearish ReversalBased on the H1 chart, the price is rising toward our sell entry level at 144.15, a pullback resistance that aligns with the 78.6% Fib retracement. Our take profit is set at 143.48, an overlap support. The stop loss is set at 144.67, an overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu
ETHUSD coiling pattern breakout support at 2170.Trend Overview: ETHUSD remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher. Key Technical Levels: Support: 2,170 (primary pivot), followed by 2,080 and 1,980 Resistance: 2,610 (initial), then 2,800 and 2.920 Technical Outlook: A pullback to the 2,170 level, which aligns with the previous consolidation zone, could act as a platform for renewed buying interest. A confirmed bounce from this support may trigger a continuation toward the next resistance levels at 2,610, 2,800, and ultimately 2,920. Conversely, a daily close below 2,170 would suggest weakening bullish momentum. This scenario would shift the bias to bearish in the short term, potentially targeting 2.080 and 1,980 as downside levels. Conclusion: ETHUSD maintains a bullish structure while trading above the 2,170 support. A bounce from this level would validate the consolidation as a continuation pattern, with upside potential toward the 2,610 area. A breakdown below 2,170, however, would invalidate this view and suggest deeper corrective risk. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:ETHUSD
by TradeNation
Bearish continuation?The Swissie (USD/CHF) is rising towards the pivot, which has been identified as a pullback resistance and could reverse to the 1st support. Pivot: 0.7960 1st Support: 0.7879 1st Resistance: 0.8018 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EURUSD analysis - 1H FVG and OB SetupsEUR/USD is in a strong bullish move right now. We are waiting patiently for the price to reach our marked green (OB) and blue (FVG) zones before looking for clean buy opportunities. Always remember to let price tap into our key areas so we can enter on lower timeframes for precise, low-risk entries. The first resistance ahead is around 1.2100, which will be our immediate target if the bullish momentum continues. Stay patient, let the price come to your zones, and execute with discipline. — 📊 ProfitaminFX | Gold, BTC & EUR/USD 📚 Daily setups & educational trades 📱 IG: @profitamin.f
Long
by ProfitaminFX