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BCH Breaks Structure – Wave C Target in Sight?BCHUSDT Update: After weeks of slow movement, BCH is finally breaking above the key resistance zone—a level that has acted as a strong barrier multiple times in the past. This breakout is significant because it aligns with multiple technical confirmations. The support trendline has held firmly, a higher low has been established, and the price has pushed upward from a well-defined area of confluence. If this breakout sustains, there is a strong possibility of continuation toward the upper resistance zone, completing the projected wave structure. It’s important to monitor this closely, as a successful retest and follow-through could confirm the beginning of the next bullish phase. Thank you for your precious time.
Long
by unichartz
2
CAMS – Rounding Bottom Breakout | Momentum PlayStructure: CAMS has completed a classic rounding bottom formation over the past three months, with the neckline placed around ₹4,200. Price action from the March 2025 lows (~₹3,100) has remained within a well-defined ascending channel, signaling steady accumulation and controlled institutional entry. On June 5, 2025, the stock gave a clean breakout above ₹4,200 with a strong bullish candle, closing at ₹4,248.30. Importantly, the move came with a volume of 877.56K, significantly higher than the 20-day average (576K), validating the breakout strength. Momentum indicators are supportive — RSI has now crossed 70, confirming entry into bullish momentum territory without showing divergence or exhaustion yet. Breakout Snapshot: Pattern: Rounding Bottom + Ascending Channel Breakout Level: ₹4,200 Entry: ₹4,248.30 (EOD Jun 5, 2025) Volume: 877.56K vs 20-SMA 576K RSI: 70.11 → strong bullish confirmation 🎯 Target: ₹5,120 📉 Stop-Loss: ₹4,000 (below breakout and channel support) 📈 Potential Upside: ~20% ⚖️ Risk-Reward: ~3.6x Why It Matters: CAMS has historically respected multi-month consolidations and offers clean post-breakout runs when supported by volume. This setup reflects a transition from accumulation to trend. The ascending structure indicates that smart money entered gradually — now validated with the breakout and volume spike. Not a call to chase — idea is based on price-volume confirmation after a long base formation. Ideal entries are either near breakout (done) or on retest toward ₹4,180–₹4,200. Track These: ₹4,400: Minor resistance ₹5,120: Measured move target ₹4,000: Invalidation zone RSI > 75: Overheat caution Disclaimer: This analysis is for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any security. Please consult your financial advisor before making any trading decisions.
NSE:CAMSLong
by eggubonda
MGY: Technical Breakout + Fundamental Momentum = Quiet Winner?Magnolia Oil & Gas (MGY) is showing one of the cleanest technical breakouts in the energy sector — and the market hasn’t priced it in yet. After months of pressure, price has broken above both the 50-day and 200-day moving averages with rising volume, signaling a clear phase shift from distribution to accumulation. Recent candles confirm control shifting to the buyers, with a tight structure, rising lows, and bullish momentum building underneath resistance. The fundamentals back the technical setup. In the latest earnings report, MGY delivered a 9.7% revenue increase, $110M in free cash flow, and continues to pay dividends with low leverage. UBS upgraded the stock with a $29 target, which aligns precisely with the post-breakout projection. Operationally, the company is expanding in key U.S. basins like Eagle Ford, while seeing growing demand from Australia and Latin America. With oil prices pushing higher and geopolitical tensions rising, MGY stands out as a stable energy play in a volatile world. Holding above the $24.00–$24.30 zone keeps the breakout valid, with $29+ as a natural magnet for price. Most investors are still asleep on this name — but the structure is already telling a very different story.
NYSE:MGYLong
by TotoshkaTrades
15
There is another Bearish BPR zone below the current price.BTC/USDT Market Update – Clear, Detailed, and Easy to Understand (Even for Beginners) Let’s take a look at what’s happening with Bitcoin (BTC/USDT) right now explained in a way that even someone new to trading can follow along and understand. Recently, Bitcoin hit a new high it was climbing up steadily. But then, due to negative global news related to war, the market took a hit and started dropping sharply. Currently, BTC is trading at a (BPR) this is a technical area that often acts as a strong resistance zone, where the price tends to face rejection and reverse. 👉 Right now, Bitcoin is struggling to move higher and appears to be getting rejected from this BPR level. But here’s where it gets more interesting: 🔻 There is another Bearish BPR zone below the current price, and the market has already touched that zone once before bouncing upward. So what's the current situation? 📍 If Bitcoin is able to break above the current Bearish BPR (the level where it’s trading now) — it would be a bullish sign, and the market may start rising again. 📍 However, if BTC fails to break this resistance level, then we could see another strong move to the downside, possibly heading back to lower support zones. 🚨 Key Takeaway: This level — the one BTC is currently interacting with — is very important. 📌 Traders should keep a close eye on it. 📌 Let the market reveal its direction before making any decisions. Remember: ⚠️ This is not financial advice. Always Do Your Own Research (DYOR).
by Peter_Wade
PLAINS - LONG TERM BUY OPPORTUNITY FOR 25%+ GAINSPLAINS ALL AMERICAN PIPELINE, L.P. (PAA) has been recovering from all-time lows at $3.00 per share in 2020 with a nice upward channel forming over the past 5 years. Expect some choppy price movements around $20.00 per share but once price breaks above, the next price target is $30.00 per share over the next few years. With uncertainty and war in the middle east, oil and oil stocks can be considered great investments, especially when the U.S. decides to invest more in producing oil domestically. Don't be surprised if the rise moves faster than anticipated if more uncertainty arises in the middle east.
NASDAQ:PAALong
by Miiztasatish
HelenP. I Euro may break suppot level and drop to trend lineHi folks today I'm prepared for you Euro analytics. Observing this chart, we can see how the price strongly declined and reached the trend line, where it found solid support and reversed. From that point, EUR began to grow, forming a clear upward pennant structure. This movement included a break above the local support level at 1.1485, indicating temporary bullish strength. However, despite this breakout, the price failed to secure a strong push through the resistance zone between 1.1485 and 1.1530, instead consolidating just below it. Now the chart shows clear signs of slowing upward momentum. The price remains inside the pennant, but current movement suggests potential weakness near the top boundary. Given the structure and previous reaction points, I expect EURUSD to break below the support level and move toward the trend line again. This would be a natural retest of the lower boundary of the pennant. That’s why I’ve set my target at 1.1365, a level that coincides perfectly with the trend line, offering a realistic area for price to react once more. 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.
Short
by FirstNameHelen
6
GBPUSD: Your Trading Plan For Next Week 🇬🇧🇺🇸 GBPUSD formed an ascending triangle pattern on a daily time frame. Your next signal to buy will be a bullish violation of its neckline. To confirm a breakout, we will need a daily candle close above 1.362. A bullish continuation will be expected to 1.37 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
1
Gold closed strong bull weekly candleGold closed strong bull weekly candle. gold manage to close a solid weekly candle that manage to cover most of previous wick highs that showing a strong indication that it wants to reach its ATH as first destination which is accordance to fibo from the latest bearish movement of 3403 to 3295. Bias is Bullish. However, in the current daily line chart. we are at 3-point touch of resistance. which also indicate a very strong point of resistance. 1st scenario is I foresight gold will continue its climb towards 3500 or even closer to it to cfm its direction. if breaks above 3500 means gold will head towards 2.618 of fibo. 2nd scenario, if gold did not manage to break the 3500 ceiling, possibility for a trendline support retest as previous the weekly trendline was able to be broken however due to fundamental of trade war tariff its bounce back making it as a fake out. my plan for next week. 1. I will still focus to look for buys, however I will only scalp position. means if I identify a support area to buy with a clear confirmation of fresh breakout target with a 50pips 1st tp 50% and 100pips 25% and balance B.E. for every setup. 2. I will wait for a confirmation of sells setups nearer to its resistance. if a strong and clear rejections appear in smaller tf shall i take that trade with the same principals and target as it makes sense to sell high. at the current no trader is wrong to buy or sell as we are in at the most volatile area that a minute candle goes as much as 100pips. only money management that will keeps us alive. A self reminder to me as well. All the best traders. may it'll be a fruitful week ahead for all of us.
OANDA:XAUUSDLong
by HAN_Simply_Trade
Favorite Fibonacci ChannelI posted about the Fibonacci Channel I regularly use to set my stop loss, mean reversal TP, and breakout TP. It's typically 0.5 for a mean reversion, and the breakout is typically confirmed with a strong move past the 1.27 or -0.27 threshold, with 1.88 as the expected move and Euler's e and Pi as the followed profit targets. The vice versa is true for negative Tp below the zero line. I trade it as low as the 1-minute time frame to as high as weekly, as it works very well, especially when it's preparing a squeeze.
COINBASE:BTCUSD
by GabrielAmadeusLau
Bulls are in control, and pullbacks are opportunities!Gold rose directly at the opening today due to risk aversion, reaching a high of around 3446.8. We successfully stopped profit twice when we went long. Subsequently, we also notified everyone to enter short positions at 3445 and exit with profit at 3425. Pay attention to the support situation at 3395-3408. Going long on pullbacks is still the main trend at present. From the current gold trend analysis, today's gold mid-line pulled up and broke through and stood above the 3400 mark to further continue its strength. The short-term support below is around 3310-3408, and the key support below is around the recent top and bottom conversion position of 3395-3405. The intraday pullback relies on this position to continue to be bullish and the short-term bullish dividing line moves up to 3345-3350. The daily level stabilizes above this position and continues to maintain the trend of low-long rhythm. Be cautious about short orders against the trend. I will give you tips on specific operations, and pay attention in time. Gold operation strategy: Buy gold when it falls back to around 3395-3405, and target around 3425-3440. If it is strong, continue to buy gold at the support of 3410-3408. When operating, be sure to strictly set stop loss, strictly control risks, and respond to market fluctuations steadily.
OANDA:XAUUSDLong
by TP_Daniel
Technical Trend Analysis of Tata Consultancy Services (TCS) Tata Consultancy Services (TCS), a leading player in the IT services sector, has recently garnered attention for its potential volume increase, making it a focal point for technical analysis. This blog post delves into the current technical trend analysis of TCS stock (NSE: TCS) based on the 1-day chart. Selection Rationale TCS was selected for this analysis due to its observed potential for increased trading volume, a critical indicator of market interest and price movement. The analysis employs a trendline drawn from the highest highs to capture the stock's directional momentum, complemented by Fibonacci retracement levels to identify key support and resistance zones. Trendline and Fibonacci Analysis The primary trendline, established from the peak highs, indicates a downward trajectory over the observed period. This suggests a bearish sentiment prevailing in the short term. Overlaying the Fibonacci retracement tool, the price action reveals significant support at the 0.236 level, currently aligning around INR 3,445.70. This level has historically acted as a strong support zone, where the stock price has demonstrated resilience against further declines. Key Support and Resistance Levels Resistance Levels: The chart highlights resistance at INR 3,660.00 (0.5 Fibonacci level), INR 3,936.90 (0.618 level), and INR 4,176.50 (0.786 level), with the upper bound nearing INR 4,600.00. Support Levels: Beyond the current support at INR 3,445.70, additional support is noted at INR 3,200.00, with a potential downside to INR 3,055.50 if the trend continues. Volume Insights The volume bars at the bottom of the chart reflect intermittent spikes, particularly around key price movements. This corroborates the selection criterion of potential volume increase, suggesting that significant buying or selling pressure could influence future price action. Conclusion The technical analysis of TCS indicates a bearish trendline with the stock currently testing a critical Fibonacci support level at 0.236 (INR 3,445.70). Investors and traders should monitor this level closely, as a break below could signal further downside, while a rebound may indicate a reversal or consolidation. Given the potential for volume-driven movements, staying attuned to market developments will be essential for informed decision-making. For a more comprehensive analysis or real-time updates, consider utilizing advanced tools and platforms like TradingView, and consult with a financial advisor for personalized investment strategies. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making investment decisions.
NSE:TCSLong
by stocktechbot
Gold will inevitably fall after risingGold has risen sharply due to the violent geopolitical conflicts and the surge in risk aversion. It once reached around 3445, but in the process of falling back, it only touched 3408 and rebounded again, stabilizing above 3400. It is obvious that due to the changes in fundamentals, the sentiment of gold bulls is high; although the upward momentum of gold near 3440 has weakened, there is no clear signal of peaking yet! For short-term trading, it is relatively difficult to participate at present. To be honest, I naturally don’t want to chase gold at a high level; but there are no more signals to support me to short gold for the time being. However, with the rebound of gold, the current short-term support below is in the 3425-3415 area, followed by the psychological support of the 3400 integer mark; and the short-term resistance above is in the 3455-3465 area, followed by the area near 3480. Compared with the profit and loss ratio, I prefer shorting gold for short-term trading, because gold has performed relatively strongly in the London market. Logically, gold will have the inertia to rise in the New York market, so I think gold may rise and then fall in the New York market, so my current plan is to try shorting gold starting in the 3455-3465 area. Because the changes in gold's fundamentals are more extreme and complex, you must set up SL when participating in transactions.
OANDA:XAUUSDShort
by Steffen_Schade
Gold Breaks Out- Bulls Eye Record High Gold prices are poised to mark a third consecutive daily advance with XAU/USD clearing the June opening-range on news of war breaking out in the Middle East. The breakout takes price into uptrend resistance and while the broader outlook remains constructive, the immediate advance may be vulnerable while below this slope. A rally of more than 1.7% extended into uptrend resistance at the median-line before pulling back and the immediate focus is on today’s close with respect to the record high-close at 3431. Risk for near-term inflection off this zone with a close above needed to mark uptrend resumption. Subsequent resistance objectives are eyed at the record high at 3500 and the 100% extension of the May rally at 3578- look for a larger reaction there IF reached. Initial support now rests back at the 61.8% retracement of the April decline / the record high-day close (HDC) at 3355/80- losses should be limited to the median-line IF price is heading higher on this stretch. Subsequent support seen at the May / June open at 3288/89 with bullish invalidation now raised to the May LDC / late-May swing low at 3240/45- a close below this threshold would be needed to suggest a more significant high is in place / a larger reversal is underway. Bottom line: The gold rally has extended into uptrend resistance at the median-line- risk for possible inflection / topside exhaustion into this slope. From a trading standpoint, losses should be limited to 3355 IF price is heading for a breakout with a close above the median-line needed to fuel the next major leg of the advance. Keep in mind we get the release of key interest rate decisions from the Bank of Japan, the Federal Reserve, and the Bank of England next week. The ongoing conflict in Iran adds an additional layer of event risk as gold presses record highs- stay nimble next week and watch the weekly closes for guidance here.
FOREXCOM:XAUUSD
by FOREXcom