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👑 XAUUSD GOLD KEY🗝️LEVELS TO WATCH 👀AND WHY🤔Hello Traders! Let's delve into the recent movements of Gold (XAU/USD) on the daily timeframe, exploring potential opportunities: 📉 Patterns Unfolding: V Bottom & AB=CD Formation The charts reveal the presence of a V Bottom pattern, coupled with an AB=CD formation, signaling the potential for a bullish upswing. 🔍 Current Scenario: Notably, the price has surpassed the breakout level situated at 2031.72, showcasing strength in the bullish sentiment. 🎯 Critical Levels to Observe: Keep a watchful eye on key levels, particularly around 2044.95 and the 38% retracement at 2049.96. Traders may consider securing partial profits as the price approaches the 38% retracement. 🚨 Risk Management Strategies: Mitigate risks by placing a stop-loss order strategically below the low preceding the breakout level. 🎯 Exploring Target Zones: Potential target zones include the 62% retracement around 2061.29 and the 79% retracement at 2069.24.
FX:XAUUSDLong
by TradeChartPatternsLikeThePros
2
📈 Trading Analysis - Meta (Months Chart): V Bottom Pattern Hello traders, I hope you had a great weekend. Today, let's focus on Meta as a compelling price action reversal pattern, the V-bottom, has emerged. Upon analyzing the monthly chart, it's evident that a V-bottom pattern has developed, suggesting a potential price reversal. The price has successfully broken above the breakout point at 383.72. For those with an appetite for aggressive trading, entering the market during trendline breakouts at the base of the V-bottom pattern is an option. However, it's important to note that straightforward trendline breakouts have a success rate of only 52%. Now, if the price manages to sustain itself at the 38% level, specifically at 496.79, there is a possibility of a retracement back to the breakout point. While not guaranteed, such a retracement could offer a potential long entry opportunity. With a success rate of more than half, the price might target the 62% level at 567.95 and the 79% level at 617.20, sooner or later.
NASDAQ:METALong
by TradeChartPatternsLikeThePros
Leveraging the DXY (U.S. Dollar Index) Today marks an exciting milestone as we unveil a captivating revelation within the realm of trading – the remarkable V Bottom pattern on the DXY chart. This discovery adds an exciting dimension to our already rich repository of trading insights, providing us with a deeper understanding of market dynamics. 📉 **The V Bottom Pattern: A Tale of Resilience and Reversal:** The V Bottom pattern emerges as a compelling narrative on the DXY chart. It is a visual representation of swift price decline followed by an equally rapid ascent, creating the distinct shape of a "V." This pattern often signals a turning point in market sentiment, indicating a transition from a bearish trend to a potential bullish reversal. By decoding the intricacies of this pattern, we unlock invaluable clues for strategic decision-making. 🔍 **Deciphering the Pattern's Blueprint:** The essence of the V Bottom pattern lies in its unique characteristics. It materializes as a result of abrupt selling exhaustion, leading to a sudden shift in momentum. The sharp reversal serves as a testament to market resilience and the potential for significant price movement. Understanding these nuances empowers us to pinpoint potential entry and exit opportunities with heightened accuracy. 💡 **Empowering Traders Through Knowledge:** As traders, our proficiency in recognizing and interpreting patterns is our guiding light. The revelation of the V Bottom pattern on the DXY chart equips us with an additional instrument for navigating the intricate pathways of the markets. By mastering the intricacies and implications of this pattern, we elevate our trading strategies and equip ourselves to make astute choices. 🌟 **Embark on a Journey of Exploration:** At Trade Chart Patterns Like the Pros, we are steadfast in our commitment to sharing insights that empower traders to achieve greatness. The unveiling of the V Bottom pattern stands as a testament to our unwavering dedication to research, analysis, and education. By immersing yourself in our discoveries, you join a dynamic community that values continuous learning and growth. 🚀 **Rise to New Heights with Trade Chart Patterns Like the Pros:** The introduction of the V Bottom pattern on the DXY chart underscores the ever-evolving nature of the trading world. As traders, we embrace new revelations that enrich our perspectives and refine our skills. By incorporating the wisdom drawn from this pattern into your trading arsenal, you position yourself to navigate the markets with enhanced confidence and astuteness. 👉 **Embark on a Voyage of Discovery – Explore Trade Chart Patterns Like the Pros Today!** Join us in the exhilarating exploration of the nuances inherent in the V Bottom pattern. As we continue our journey of pattern discovery, we invite you to embark on a path of enlightenment and excellence in the world of trading. Through continuous exploration, we empower ourselves to harness the power of patterns and achieve trading mastery.
TVC:DXYLong
by TradeChartPatternsLikeThePros
2
USDCHF V BOTTOM TRADING Hello, traders! Let's examine USDCHF, as it appears to be presenting a promising trading opportunity. In our previous analysis, we successfully hit our targets while trading a double bottom pattern, as shown here: Now, let's assess the current situation. The chart illustrates a V-bottom pattern. V-bottom patterns are characterized by a rapid decline in price followed by a swift increase in price. The current price is trading at the breakout level of 0.91476. Our initial targets are positioned at the pattern invalidation level, which corresponds to 50% of its height. It's crucial to keep an eye on this setup, as it may lose its validity if the price drops below this level. What's intriguing to note is the surge in volume at the breakout level (0.91476). My stop will be placed just below the previous low before the breakout. Once we witness a clear breakout, after setting our stops, we'll be targeting the following levels: - 62%: 0.95133 - 79%: 0.96130 As you can see in the chart, the pair is encountering some resistance at the breakout point (0.91476). Nevertheless, it's important to remember that every pattern has its unique psychology, and V-bottoms have demonstrated scenarios like this before. If you find this analysis appealing, please show your support with a like, follow for updates, and have a wonderful weekend!
Long
by TradeChartPatternsLikeThePros
👑 EURAUD PRICE ACTION TRADING V-BOTTOM Hello Traders! We have identified a potential trading opportunity on EURAUD, where a V-Bottom pattern has formed, indicating a possible bullish scenario. EURAUD chart has formed a V-Bottom pattern, which typically follows a rapid decline in price followed by a quick upward move. The current price is near the breakout level at 1.65828. For Long Position. Consider initiating a long position if the price breaks out above the level of 1.65828 with confidence and a surge in volume, validating a potential bullish scenario. Place a stop loss at 1.65023 after a clear breakout. Target Zone 1: 62% of the V-Bottom pattern's range at 1.67446. 79% of the V-Bottom pattern's range at 1.67888. Target Zone 2: 127% of the V-Bottom pattern's range at 1.69162. 162% of the V-Bottom pattern's range at 1.70076. Ensure that the price breaks out above 1.65828 with confidence and a volume surge for pattern confirmation. Risk Management: Set a stop loss at 1.65023 to manage risk effectively. If you find this idea beneficial, please leave a comment and follow for more great setups! TCPLTP
Long
by TradeChartPatternsLikeThePros
3
MATIC Extended V Bottom 1DStarting with a clean chart... A look at the weekly shows an extended V bottom, the V bottom is often seen as a recovery formation. Should the price fall below $0.52 I consider the formation eliminated. With the "extended" V bottom, the sideways (extended) consolidation phase serves as a pause and often resembles the shape of a channel or bull flag . I zoom in on the daily timeframe and also notice there in the tip of the V shape also a Smaller version of this Extended V Bottom Formation. On this timeframe we also find the zones where I expect possible resistance/support. And the Flip zone is an important one. Here the bulls need to claim the zone in order to stomp through. Also note that the MA50 and MA200 are already approaching each other and if they cross bullish , its gonna be an Golden Cross where the Death cross took place in early March and the previous Golden Cross in early January 2021. Or in other words that moment could be a bullish moment. On the 4 hours I mark the price by means of a Descending Scallop and in the background I have also drawn the Descending broadening wedge where the resistance line has been tested as a support line. in case of a breakout on the formation and a re-test, the price targets are mentioned. Also be sure to keep the big picture in mind there is still plenty of room towards the $0.23 mark. Keep calm, Do your own research! trade safe and manage your risk. (Disclaimer: This is not financial advice)
M
by Tims.Technische.Analyse.
MATIC Extended V Bottom 1WStarting with a clean chart... A look at the weekly shows an extended V bottom, the V bottom is often seen as a recovery formation. Should the price fall below $0.52 I consider the formation eliminated. With the "extended" V bottom, the sideways (extended) consolidation phase serves as a pause and often resembles the shape of a channel or bull flag. I zoom in on the daily timeframe and also notice there in the tip of the V shape also a Smaller version of this Extended V Bottom Formation. On this timeframe we also find the zones where I expect possible resistance/support. And the Flip zone is an important one. Here the bulls need to claim the zone in order to stomp through. Also note that the MA50 and MA200 are already approaching each other and if they cross bullish, its gonna be an Golden Cross where the Death cross took place in early March and the previous Golden Cross in early January 2021. Or in other words that moment could be a bullish moment. On the 4 hours I mark the price by means of a Descending Scallop and in the background I have also drawn the Descending broadening wedge where the resistance line has been tested as a support line. in case of a breakout on the formation and a re-test, the price targets are mentioned. Also be sure to keep the big picture in mind there is still plenty of room towards the $0.23 mark. Keep calm, Do your own research! trade safe and manage your risk. (Disclaimer: This is not financial advice)
M
by Tims.Technische.Analyse.
1
Bitcoin (BTC/USD) Going Down – Enter At The Pull BackHi Traders, Looking at BITCOIN (BTC/USD) Today. We are in the 4-hour time frame. We have, unfortunately, for now, had that possible V bottom recovery invalidated. This is because we have broken below the most recent low, so now we are looking for further sell opportunities. I have highlighted my order block zone in yellow. I am waiting for the price to retrace back into the yellow zone and then once the price touches the 50 % point inside the zone, my sell order will trigger with targets being previous support. The previous support structure is the lowest low we have seen for Bitcoin this year. I'm a crypto bull long-term, but if an opportunity presents itself, I take it. Remember, no emotions, just strategy. Trade like a robot. Trade safe out there! The Vortex Trader
BITSTAMP:BTCUSDShort
by TheVortexTrader
AUDUSD V BOTTOM REVERSAL PATTERN Trading V-Patterns by Constantino The recognition of patterns and its body of knowledge of how to react and what to expect helps a trader's success. Traders are always analysing 'Trends' and 'Reversals.' Their eternal question for traders is 'Can the trend continues?'. Knowing trends and trend reversals are critical for any trader’s success. Chart patterns classification of 'Continuous' or 'Reversal' patterns helps traders to identify specific patterns and expect their outcome from current price action. Traders move prices between key support and resistance areas (a tug of war) as their perception shifts between optimism and pessimism. This movement of price adhering to key support and resistance areas create chart patterns. Reversal patterns exhibit a total shift of trends from bullish to bearish or bearish to bullish in a single pattern structure. Examples of the reversal patterns are 'Head and Shoulders, Double Tops and Bottoms. A knowledge of reversal patterns helps traders to estimate the 'end of trends' to execute trades in a timely fashion for maximum gains. This knowledge also helps traders to time the trades in the opposite direction and to place smaller stop levels. Here I discuss one of the key reversal patterns ('V Chart Pattern') and present examples of how to trade them. Please note, all V patterns are classified as a bullish 'V-Bottom' and complimentary bearish patterns ('V-Top'). V Patterns As the name implies, the 'V' chart patterns have the letter 'V' shape and prices shift their momentum from an aggressive sell-off (Bearish) to aggressive rally (Bullish) in its structure. med when its trend is sharply switched from bearish to bullish (in case of V-Bottom) or bullish (or sideways) to bearish (in case of V-Top patterns). Trading V-Patterns The critical aspect of the V pattern is it must have a sharp downtrend followed by a quick and sharp uptrend reversal NOTES April 29 - Mercury at Greatest Eastern Elongation. The planet Mercury reaches greatest eastern elongation of 20.6 degrees from the Sun. This is the best time to view Mercury since it will be at its highest point above the horizon in the evening sky. Look for the planet low in the western sky just after sunset. April 30 - New Moon. The Moon will located on the same side of the Earth as the Sun and will not be visible in the night sky. This phase occurs at 20:30 UTC. This is the best time of the month to observe faint objects such as galaxies and star clusters because there is no moonlight to interfere. April 30 - Partial Solar Eclipse. A partial solar eclipse occurs when the Moon covers only a part of the Sun, sometimes resembling a bite taken out of a cookie. A partial solar eclipse can only be safely observed with a special solar filter or by looking at the Sun's reflection. This partial eclipse will be visible throughout most of the southeast Pacific Ocean and southern South America. It will be best seen from Argentina with 53% coverage. (NASA Map and Eclipse Information)
Education
by TradeChartPatternsLikeThePros
EURJPY Bullish possibilityHTF - price moving bullishly through an ascending channel, which just false break through the bottom and re-entered the structure. LTF - Market is forming a descending channel, informing us that the HTF bullish momentum is still in the markets, and we can obtain further upside of the price, now price just hit the bottom of the descending channel with a "V formation" indicating a change of momentum, now a continuation correction will need to be formed in order to get an entry after this upside impulsive move.
Long
by GonzeeTrading
GOLD - V-Bottom Hints Upside ReversalGold has seemed to form a V-Bottom pattern on the daily chart at roughly 1780 area. Note that gold has almost touched the 61.8% Fibonacci retracement of the swing from 1680 to 1880 and rebounded. Furthermore, it seems to hold the uptrend line from 1680 low at August while RSI indicator also shows the bulls are trying to hold the uptrend remained intact. As long as gold can hold above its swing low at 1759, uptrend still remains valid. All of this could indicate an upside reversal in the coming days and week. Once gold breaks 1800 level, it will fly very quickly to 1825-1835 resistance level. Its final target should be at 1855-1865 level where the downtrend line remains. It is good to buy around 1775-1785 with a strict stop loss under 1759. Targets should be 1830 then 1860.
FX_IDC:XAUUSDLong
by GOLDTREND-NET
I see a bear-trap after v-bottom against Bitcoin In order to confirm my previous analysis, we need to see some kind of a bear-trap reversal. It probably would be very choppy and uncertain but I see a strong enough v-bottom in all of crypto that I think this could hold up. Long entry target would be around the rectangle box I drew, but only on the way back up and out of that range as a minor confirmation of this having become a bear-trap, but the move back up after the drop-return to 19.7k sats will need to include pretty strong bullish volume at least similar to the volume of the move down to under 20k sats. Failing to move up quickly could easily lead to a larger-distributive top for THETA/BTC.
Long
by lysergik