ShahzaibNaveed

ShahzaibNaveed Updated  May 24

Gold is illustrating a classic Wyckoff Accumulation Schematic on 4-hour timeframe, highlighting a transition from a markdown to a markup phase. Initially, the price drops sharply in the markdown phase, falling from around $3,520, signaling strong selling pressure. This is followed by the accumulation phase, where the price consolidates between approximately $3,105...

ShahzaibNaveed May 9

Gold is showing signs of an upward movement. Bullish flag a continuation pattern is forming. Entry level will be confirmed if it breaks the LH and starts forming a series of HH and HLs

ShahzaibNaveed Nov 21, 2024

A lot of bullish confluences can be found on this chart. A bullish divergence, bullish candlestick pattern - three white soldiers also and candles respecting EMA 9. We might see a sell pressure and a retracement but the direction is up.

ShahzaibNaveed Nov 21, 2024

Major Resistance: 6020 Major Support: 5831 If the trend continues to break 6020 we can enter the bullish side trade. There are no signs of reversal as of now. It is safe to assume the trend is on the upside

ShahzaibNaveed Nov 21, 2024

Major Resistance: 6020 Major Support: 5702 If the trend continues to break 6020 we can enter the bullish side trade. There are no signs of reversal as of now. It is safe to assume the trend is on the upside

ShahzaibNaveed Nov 21, 2024

There's a continuous parallel channel towards the bullish side. Bounce on Fib levels 0.618, 0.50, 0.382, and 0.236, and continuing the trend is a strong bullish sign towards an uptrend. A bearish divergence on the RSI oscillator nut looks invalidated as it took a dip for several weeks.

ShahzaibNaveed Nov 19, 2024

On 30m timeframe we can observe the bearish trend market structure was broken and currently is in choppy direction. If it breaks 43391 with a solid bullish candlestick pattern then a food buy stop setup can be placed. Trading this range 433391 - 42866 can be risky because there are not major support resistance levels standing between this range. Wait for...

ShahzaibNaveed Nov 19, 2024

Dow Jones is making a series of lower highs and lower lows. If it tests the 42915 level we can see a sharp bearish trend until 41788. We have to wait and watch for a bearish candlestick pattern to confirm our sell stop zone and close below 42915 before entering this setup and seeing it getting validated

ShahzaibNaveed Nov 19, 2024

US30 is on its way to an uptrend and is expected to continue in an uptrend because of synchronized RSI divergence if it retraces and sustains its 41437 level with a confirmation that it doesn't close its weekly candle below 41437 then we can safely enter a buy limit trade. In case this setup gets invalidated and it breaks above 44633 with a strong bullish...

ShahzaibNaveed Nov 19, 2024

US30 is on its way to an uptrend and is expected to continue in an uptrend because of synchronized RSI divergence if it retraces and sustains its 41437 level with a confirmation that it doesn't close its weekly candle below 41437 then we can safely enter a buy limit trade. In case this setup gets invalidated and it breaks above 44633 with a strong bullish...

ShahzaibNaveed Nov 19, 2024

A nice bullish candlestick pattern of three white soldiers indicates that the market will move up from here also no divergence is observed on the RSI oscillator.

ShahzaibNaveed Nov 19, 2024

The break of LH at 20650 can put the trend in continuation towards HH and HL a good signal would be to buy anywhere above 20650. A green bullish candle signifies an uptrend but another solid green candle can strongly confirm the bullish uptrend. In case this setup gets invalidated a bearish position can be expected below 20308 break

ShahzaibNaveed Nov 19, 2024

On the daily timeframe a bearish candlestick pattern of three black crows is expected to push down the price to buy limit levels in case the price continues to move up a buy stop is placed at 20290 level

ShahzaibNaveed Nov 19, 2024

NAS100 is advancing in an uptrend a bias towards retracement is expected to occur because of the bearish dark cloud cover candlestick pattern. In case it is invalidated a buy-stop position would be valid if the setup breaks higher high level of 21458

ShahzaibNaveed Updated  Nov 5, 2024

Gold has breached its first and second weak support levels of 2772 & 2745 on 1 hr time frame. It is continuing to decline its trend towards its key support level. Furthermore, there is an extremely bearish candlestick pattern. Followed by the bearish candlestick pattern where we enter this declining trend on a Sell-Stop order a confluence of Fibonacci Retracements...

ShahzaibNaveed Updated  Nov 1, 2024

EURAUD is showing an Ascending Channel that represents a bullish trend. It will continue to do so until some major RSI divergence or pushback is received.

ShahzaibNaveed Updated  Jun 4, 2024

With a strong bearish divergence on the 2h chart, NAS100 is showing weak signs of sustaining its bullish trend.

ShahzaibNaveed Updated  Jun 4, 2024

Technically the trend is bearish and a bearish flag might cross your eyes which is a bearish continuation pattern, but the divergence is wide enough to take over the trend. Sentimentally, the pair is expected to break its LH and move sideways and eventually in the upward direction. If it breaks moves upward it would surely be a win.