Get started

Trend Lines

The weekly chart of Aditya Birla Capital Ltd The weekly chart of Aditya Birla Capital Ltd. (ABCAPITAL_1W) on the NSE showcases a significant trendline that has been acting as a robust support level. This trendline, drawn from the lows of late 2022 to mid-2023, has been a critical area where the price has oscillated multiple times, indicating its importance as a support zone. Recently, the price approached this trendline, testing it multiple times with several candlesticks closing near or on this line. The last few weeks have seen the price bouncing off this support, with three consecutive green candles indicating a potential reversal or at least a pause in the downtrend. This series of green candles suggests renewed buying interest as investors might see this trendline as a buying opportunity. Today, the price broke through this trendline, which could signal either a continuation of the downtrend if the price closes below this line or a false breakout if it quickly reverses back above it. Given the recent green candles and the historical significance of this trendline, there's a possibility that this could be a buying opportunity for those who believe in the stock's long-term potential. Volume analysis shows a spike in trading activity around the time the price touched the trendline, which often indicates increased market interest and could precede a significant move. If the price sustains above this trendline, it might attract more buyers, potentially leading to an upward trend. Conversely, if it fails to hold above the line, it could see further declines. Overall, the chart suggests that the trendline has been a critical level for ABCAPITAL, and its recent interaction with this line could be pivotal for short-term traders and long-term investors alike.
NSE:ABCAPITAL
by stocktechbot
H_1 SCENARIOThe current analysis for XAU/USD (Gold vs. US Dollar) suggests a mixed outlook influenced by technical and geopolitical factors The current analysis for XAU/USD (Gold vs. US Dollar) suggests a mixed outlook influenced by technical and geopolitical factors combined with a positive RSI trend, suggests a potential continuation toward higher levels like $2,668 if the bullish sentiment persists On shorter timeframes, consolidation is observed near $2,640, with potential bearish movement if the resistance levels hold. A pullback to previous levels like $2,620 could act as a pivot for further trend assessment Immediate resistance is noted around $2,668, while support lies near $2,620. Breaking either of these levels could dictate the next directional move​ Prediction: In the near term, XAU/USD appears likely to continue testing resistance levels. If the bullish momentum holds, a rise to approximately $2,660-$2,670 could occur. Conversely, failing to maintain current levels may lead to a retracement toward $2,620. Disclaimer: I am not a financial advisor, and this analysis should not be considered financial advice. Please consult with a professional for trading decisions.
CITYINDEX:XAUUSD
by TREXTROFX
POV: NAVINFLUOR - Learning for Swing TradersPOV: NAVINFLUOR - Learning for Swing Traders Chart Reading: I marked five potential entry areas on the chart where most swing traders typically take positions. However, there are no clear signs of targets, which makes such stocks more suitable for short-term or intraday trading. As a swing trader, I firmly believe that not all stocks are meant for swing trading. We need to selectively focus on those that align with our strategies. For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:NAVINFLUOR
by kzatakia
Ready to go long on goldGood morning, bros! Let's re-examine the gold market together! Gold fell back again after touching around 2674, with the current lowest falling to around 2661. From a short-term structural point of view, gold constructed a sub-high of 2674 at the hourly level, forming an 'M' top structure with yesterday's high of 2676, forming a negative impact on gold. A certain degree of technical pressure; However, from an overall perspective, if gold cannot fall below the 2650 position during the fall, it will reduce the pressure on the hourly level 'M' top and accumulate energy during the fall, which will help gold continue to fall after the fall. The price fluctuates and rises, and it is easier to break through the resistance in the 2678 area, and may even continue to rise to the 2680-2690 area. So in terms of short-term trading, we can use the 2660-2650 area as support and try to go long on gold! Bros, are you bullish on gold in the short term like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
US30: Key Levels and Bearish Outlook Below 44410Technical Analysis The price has dropped approximately 320 pip, as mentioned in the previous analysis, and has now stabilized below 44410. This supports a bearish outlook, with the next target being 44130. A break below 44130 with a 4-hour or 1-hour candle close will confirm further downside to 43900. To signal a bullish correction, the price needs to break above 44410 by closing a 4-hour candle above this level, potentially targeting 44590. Key Levels: Pivot Point: 44410 Resistance Levels: 44590, 44750, 44920 Support Levels: 44270, 43900, 43760 Trend Outlook: Bearish below 44410, with targets at 44130 and 43900. Bullish correction above 44410, targeting 44590. PREVIOUS IDEA:
OANDA:US30USDShort
by SroshMayi
How would current market sentiment affect Ark's movement?Hello, fellow traders! This is my analysis on Ark (ARKUSD). 1️⃣ Analysis Before looking into Ark’s chart, I want to address the current market sentiment first. Bitcoin, Ethereum, Dogecoin and many other cryptocurrencies hav experienced significant pullbacks, with BTC Dominance rising from 55% to nearly 57% yesterday – reflecting fear throughout the market. (My chart timezone is UTC-5.) Whether this is temporary remains uncertain. With that context, let’s now look at the Ark’s chart. This is a daily chart for Ark. Ark’s price remains inside the channel, which is a positive sign since trading within a trend is safer than trading outside of it. The current price is slightly below the Price Action Zone (PAZ). Yesterday’s candle closed inside the zone, and this is important as it suggests a possible rebound. If the candle has broken though the zone entirely (as it did on June 18th), the likelihood of a rebound would be lower. The current candle still has the potential to turn green (indicating a bullish reversal), as Bitcoin has also turned green, forming a doji star as I write. Additionally, BTC Dominance has turned red after forming a long upper wick, hinting at the possibility of a continued rally. Check the charts below. 2️⃣ Expectations Ark, like any other altcoin, will be heavily impacted by the overall market sentiment. With 15 hours remaining until the current daily candle closes (as of now), there is still a chance that the current downtrend could halt or even reverse. If the current candle closes within the PAZ or better yet, turns green like Bitcoin has, it could signal the potential for further recovery after the correction. But even then, we want to keep our eyes on BTC Dominance to keep track of market sentiment. We always want to respect and trade along with the overall trend. Dogecoin is also worth watching since it’s leading the current altcoin rally. Earlier today, its price dipped below the uptrend channel but has since rebounded back within it. If it remains so until the candle closes, this could indicate that the rally will continue longer. (Or at least it’s refusing to stop now.) Now, the best scenario would be price rebounding at the Area of Confluence (red box in the chart above, AoC in short) where the uptrend channel’s support line meets the 0.53963 level. However, the current market sentiment might not allow this to happen. 3️⃣ Key approach Our first strategy is to enter long after confirming a rebound within the PAZ. This is highly plausible since many symptoms indicate that the rally could regain momentum after the correction. As mentioned earlier, Bitcoin’s candle has turned green, reentering the major demand zone. Dogecoin is currently forming a doji star and BTC Dominance candle has also turned red with significant volume – signaling a potential market recovery. If the market overcomes this correction, it is very likely that Ark will also follow the market sentiment and resume its uptrend. That said, the safest entry would be to wait for a confirmed rebound at the AoC, but the current symptoms suggest that the market might not wait for Ark to reach the AoC before reversing its trend – making a more proactive approach worth considering. 4️⃣ Other approach Now of course, because we still have a long time until the candle closes, the opposite scenario is entirely possible. BTC Dominance might turn green again - the correction might continue even with bigger momentum. In this case, Ark could close below the PAZ and potentially face further declines. If this happens, I will post a separate idea regarding a new approach. 5️⃣ Considerations Ark, as I mentioned in the previous post on it, has faced allegations of being subject to pump-and-dump schemes. Additionally, with a market cap of only 111 million USD and a ranking of 410, Ark is highly volatile - given these factors, investing in Ark for the long term could carry some risks. React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful. God bless :) Hebrews 11:6
CRYPTO:ARKUSDLong
by QJEEE
4
AUDUSD→At Critical Support Level's Could It Drop Further ?OrNot!FX:AUDUSD The AUD/USD chart reveals that since late October, the pair has been in a downtrend. This is largely driven by monetary policy differences: while the Federal Reserve has begun cutting interest rates, the Reserve Bank of Australia (RBA) has yet to initiate rate reductions. Tomorrow, the RBA will announce its decision on interest rates. All 44 economists surveyed by Reuters expect the rate to remain at 4.35%, given persistently high core inflation (3.5%) and low unemployment. Previously, experts forecasted rate cuts in the first quarter of 2025. However, most now anticipate reductions no earlier than the second quarter, as the RBA focuses on bringing inflation back to its 2–3% target range.
by MarketAnalyzar
Tesla(TSLA) 4h technical analysis- Support Resistance Trend LineIndicator settings and test on Tesla (TSLA) 4h chart Indicator: Support Resistance Trend Line (SRTL) Indicator link: Chart analysis and drawing important areas is a time-consuming task that requires constant review and modification and updating to match the current market conditions and the selected timeframe, which will inevitably be accompanied by inadvertent mistakes. This indicator automatically draws and updates the important areas of technical analysis (Support-Resistance, Demand-Supply, Trend lines, ). So you do not need to spend time analyzing the chart and updating it, and all these items will be drawn for you with high accuracy, and you can easily move quickly through all the symbols and timeframes you want, and the necessary and up-to-date information will always be at your disposal, and all you need to do is focus on managing your capital based on your personal strategy. Features: Drawing current trend lines and the last broken trend lines Drawing support and resistance (supply and demand) areas along with showing the strength of the area compared to other areas Drawing price compression areas Drawing range areas Drawing pivot moving average area Sending notifications for important events such as the formation of a new trend line, breaking a trend line, breaking a support or resistance area, exiting accumulation areas, entering or exiting the pivot moving average area. #indicators #trade #technicalanalysis #support_resistance #trendline #demand_suply
NASDAQ:TSLA
by ferhadkonar
BITCOIN: Doing exactly what I predictedHi Everyone, Bitcoin is currently doing exactly as I predicted. We are having our double, shallower dip before the next wind of upside kicks off. We discussed we are at the same stage of the cycle as Nov-2024 and like clockwork we are heading into the late November / Early December double dip before a bull period kicks in. With short term SMAX above 50%, conditions are favourable to be building more long position. IF we see SMAX >60 and 70% then this is the perfect long set up, you won't get better prices. Cheers, Mangosteen
KRAKEN:BTCUSDLong
by MangosteenBTC
Is Bitcoin Losing Momentum? Correction to 85K LikelyYesterday, Bitcoin experienced another drop, falling from above 100K and reaching a low of just over 94K, briefly touching the ascending trendline that dates back to the time of Trump’s election. While the price action since November 5 has been characterized by higher highs and higher lows—usually a sign of bullish momentum—the broader structure appears to signal a potential reversal. This pattern suggests that Bitcoin is struggling to sustain its highs, raising doubts about its ability to maintain upward momentum, at least for now. Although a new all-time high remains a possibility, I believe it is unlikely that Bitcoin will hold gains above 100K for an extended period. Instead, the more probable scenario involves a correction toward the 85K level. A critical area to monitor lies between 92,500 and 93,000. A decisive break below this support zone would confirm my bearish outlook and could signal the beginning of a deeper correction.
BITSTAMP:BTCUSDShort
by Mihai_Iacob
Litentry $LIT Price/Time Update.As per the majority of the altcoins, the 5th of august represented a new price/time set up that yesterday, after almost 128 days, showed up a huge cycle closure. The pace of the price so far, wasn't enough strong to encourage the holders to aim very high targets and, in my opinion, it will be not higher than 3 $ before the end of the cryptomarket bull cycle. Personally I will hold AMEX:LIT till April 2025 as I have identified this date as the end of the bullish season of this altcoin. See you in the next crypto catch up. Math
by math_rave
3
Market is Bullish and More VolatileThe market is bullish and becoming more volatile after each crisis. We can clearly observe that after each crisis—trade war, COVID-19, and inflation reaching a high of 9%—the range of its bullish trend widens. In this discussion, we will explore strategies to navigate this volatility effectively. Micro E-mini Nasdaq Futures & Options Ticker: MNQ Minimum fluctuation: 0.25 index points = $0.50 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME_MINI:NQ1!Long
by konhow