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Candlestick Analysis

Nifty trying to inch back into Bullish territoryNifty has done a good job so far in the last 2 weeks to inch back towards bullish territory. This was the second week where we saw a fantastic Green candle. We saw Nifty close above an important Fibonacci resistance of 24994 at 25114. The Next major Fibonacci resistances are at 25152 which is very near and 25378 which might also look relatively nearby. Once we get a closing above these 2 levels the next targets for Nifty will be at 25669, 26044 and 26529. Let us see if Nifty momentum takes us above 25152 or 25378 within next week. If the resistance stops nifty growth the supports for Nifty will be at Fibonacci levels of 24994, 24804, 24645 (next strong Fibonacci support). Final support for Nifty before it falls back into bearish zone will be at 24337. Mother line support of 50 Weeks EMA is at 24144. Shadow of the candle looks positive as of now and RSI is also slowly getting into the Bullish zone. Currently the RSI of Weekly chart is 56.99 which is very conducive for further progress. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
BTCUSD: Rully Continue in Upward ChannelHello everyone, here is my breakdown of the current Bitcoin setup. Market Analysis From a broader perspective, we've seen a significant shift in the market structure for Bitcoin. The price has successfully broken out of a prior Downward channel, a key event that signaled a reversal and shifted control from sellers to buyers, establishing a new bullish phase. This new bullish phase has since formed a well-defined Upward Channel. The price has been making a series of higher highs and higher lows within this structure, but is currently in a corrective pullback, heading towards the channel's ascending support line, which is a key area to watch. My Scenario & Strategy My scenario is based on the expectation that this newly formed Upward Channel will continue to be respected by the market. I'm looking for the price to complete its dip and test the ascending support line. A confirmed bounce from this dynamic support would be the key signal that the correction is over and the next impulsive move up is beginning. A successful rebound would validate the long scenario, with the price then expected to rally towards the top of the channel and break the intermediate Resistance at the 116700 level. The primary target for this move is 118500. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
BINANCE:BTCUSDLong
by Ratner
5
The support is not broken,continue to go long when it falls backThe overall gold price is currently fluctuating and consolidating at a high level. Although gold has a slight correction in the Asian session this morning, it has not fallen out of the upward channel. The market focus is still on the Federal Reserve's interest rate cut. In addition to this news, the fourth US-China meeting in Spain today is also worthy of our attention. If the two sides can reach a good negotiation on the tariff issue this time, then gold may fall. Otherwise, the price of gold will continue to rise. Currently, gold has rebounded again and is consolidating around 3645. The short-term pressure from 3655-3665 is still there. If it fails to effectively break through this resistance area, then gold still has room for a short-term correction. Pay attention to the short-term support of 3635-3625 below. If the support is not broken, you can still consider going long on gold.
OANDA:XAUUSDLong
by Allen_Boswell
US 100 Index – Assessing a Crucial Week for Tech StocksAs a trader it can be helpful to spend some time on a Sunday afternoon sitting at your trading desk gathering your thoughts and preparing for the week ahead. Checking the Pepperstone economic calendar to assess the scheduled risk events in terms of timing and importance can be a useful part of this process. This upcoming week is quite impressive, packed with central bank meetings and economic data that could impact many, if not all, of the major markets available to trade on the Pepperstone platform. The standout event could be the Federal Reserve (Fed) interest rate announcement on Wednesday at 1900 BST, which is followed closely by the press conference led by Chairman Powell, which starts at 1930 BST. However, Thursday’s Bank of England interest rate decision at 1200 BST, or Friday’s Bank of Japan interest rate decision due at 0400 BST, and then the press conference led by Governor Ueda may also keep traders on volatility alert. The US 100 index is the focus of today’s commentary as it can be more sensitive than other indices to interest rate moves made by the Fed. As can be seen on the daily Pepperstone chart above, the US 100 index has experienced a period of higher highs and higher lows since the 2025 low was hit way back at 16290 on April 7th, helped in no small part by a re-engagement of traders with the potential of artificial intelligence and what it could mean for the future earnings of the leading companies in this space. This AI driver is still in very much in play but may take a backseat this week due to the Federal Reserve rate decision. Since the surprise weaker than expected US employment report on August 1st (Non-farm payrolls) market expectations for Fed rate cuts have increased, helping to support the latest US 100 uptrend from its August 1st lows at 22678 to print numerous record closing highs, the latest being Friday at 24096. For the Fed interest rate decision on Wednesday, a 25bps (0.25%) cut is fully priced by traders, but there is a small outside chance of a 50bps (0.5%) cut, a decision which, if it happened, could generate equal amounts of uncertainty that policy makers feel they could be behind the curve in supporting the economy and that the labour market is weakening faster than anticipated, but also surprise that the Fed may be willing to cut rates faster, which as a general rule can be supportive of US100 index gains. The press conference may also be a relevant consideration for US 100 price volatility. Traders will be keen to hear Chairman Powell’s stance on the possibility for further rate cuts, with economists predicting just one more 25bps cut into the end of 2025, while the market is pricing another 2 25bps reductions. Any comments he makes on the independence of the US central bank, with an appeal court ruling expected imminently on whether President Trump has the authority to sack Fed Governor Cook, as well as his thoughts on the deterioration of the US labour markets and direction of inflation could also be important. Technical Update: New All-Time Highs Posted After reaching a new all-time high of 24142 on Friday, the market continues to show signs of a positive trend, which has been evident since the low of 16290 recorded on April 7th. As the chart above shows, the market has formed a pattern of higher highs and higher lows. While this doesn’t guarantee that prices will continue to rise, the recent new peak suggests there might be further upward momentum ahead. Although positive sentiment appears to remain in place, this week’s upcoming data releases and interest rate decision could significantly impact price movements. As a result, it may be important to identify and then monitor key support and resistance levels in case an increased spell of volatility emerges. Potential Resistance Levels: Following the recording of the latest all-time high at 24142 on Friday, traders may be anticipating continued attempts at upward momentum to extend the current uptrend. The outlook suggests that further attempts to push toward the next resistance levels could emerge in the coming week. With the US 100 index now entering uncharted territory, traders may be turning their attention to Fibonacci extension levels based on the August 13th to 20th sell-off. The 38.2% extension is at 24368, and if this level is breached, the next potential resistance could be 24607, the 61.8% extension. Potential Support Levels: The US 100 recently closed back above the rising Bollinger mid-average, currently at 23606, and so this level could act as the first initial support for the week. If retested, it may be important to monitor whether the market can hold above it on a closing basis. A closing break below 23606 wouldn’t necessarily signal a negative shift, but it could open the door for a test of 22970, which is the low from August 20th, and potentially lower if that level fails to hold. 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.
PEPPERSTONE:NAS100
by Pepperstone
Bearish Pressure Mounts: Will 3600 Hold or Collapse?In the short term, gold has not been able to stand above 3655 during multiple rebounds, and even closed below 3650 at the close of last Friday. Although it is far from the level of collapse, there are obvious signs of profit-taking in some chips. As the center of gravity of gold slowly shifts, the short-term resistance area will gradually move down to the 3635-3645 area. If gold cannot break through this area during repeated fluctuations, the market's downward momentum will be further strengthened! It should be noted that although the center of gravity of gold is gradually shifting downward, the overall bullish structure is still maintained; and against the backdrop of interest rate cut expectations, gold's retracement space should be limited before the Federal Reserve announces its interest rate decision. The first thing we need to pay attention to is the support of the recent low point of 3615-3605. Gold is likely to rebound again after testing the support of this area, and take this opportunity to try to intensify short-term volatility! However, once gold falls below the support of this area, it may continue to the 3590-3580 area. Therefore, for short-term trading, since gold is still fluctuating in the support and resistance areas, it can be treated as regional fluctuations for the time being; but as the center of gravity of gold gradually moves downward and 3675 is expected to become a temporary high point, we can maintain the strategy of shorting at high levels as the main strategy, supplemented by the idea of going long at low levels. 1. Consider shorting gold against the resistance zone of 3635-3645, with the primary retracement target at 3620-3610. 2. If gold fails to break below the 3615-3605 area during a pullback, we could consider going long on gold, with the primary rebound target at 3630-3640.
OANDA:XAUUSDShort
by PriceSniper_Steffen
RSI + MACD Cross + Morningstar = A+ RSI down from 65% on M15 + MACD crossover bearish + Morningstar. FVG below. Took this trade just now. RSI was coming down from a high of 65%. Morningstar candle had printed recently (see circle), then MACD crossed over bearish. We are in range conditions so MACD not necessary but it's great to have that confluence as extra confirmation. Plus we have a lovely area of FVG below. London loves to flip up and down in the morning. You can make some great profit catching these moves. I normally trade these on M5, but the setup was cleaner on M15 this morning. Improvements - could have entered earlier (or later) for much better R:R.
OANDA:XAUUSDShort
by Miss_GoldFinger
15
3655-3625 oscillation structure, sell high and buy low#XAUUSD OANDA:XAUUSD Over the weekend, I reminded everyone to pay attention to a hidden piece of news.💻 China and the United States are currently holding their fourth round of talks in Spain on economic and trade issues, which involves tariffs. The outcome of the game between the two major powers will also affect the trend of gold. 📊The two sides are still negotiating, so please continue to pay attention.👀 Gold continued to fluctuate in the box at the opening today, fell slightly during the day and rebounded after testing the support below again. 🌈The short-term upward pressure still remains at 3655-3665. 📉I have repeatedly emphasized that only by breaking through and stabilizing above can gold continue to open up upward space. If it is difficult to break through during the day, gold will continue to fluctuate and pull back. The price of gold is still in an upward channel. The correction range of gold at high levels is limited. The short-term support below is 3635-3625.🥅 Before it effectively falls below the support, it is difficult for gold to change the volatile pattern. However, if the price breaks below support and breaks the box structure, it is very likely to test the 3600 mark, or even the important support level of 3580.🐻 If the 3655-3625 box is not broken during the day, the buy low-sell high strategy will be maintained. 📊If it falls back to 3635-3625, you can continue to go long on gold, with the target at 3655-3665. If the upper resistance is touched, you can short gold with a light position.
OANDA:XAUUSDLong
by TP-Halson
HEIUSDT The Chart is SCREAMING a Major Move HEI has completed a massive Cup & Handle formation and is now breaking through the neckline with conviction. The plan is Clear: IMMEDIATE TARGET: $0.6452 (Neckline Projection) FINAL TARGET: $1.825 (Measured Move from Cup Depth) BUY-BACK ZONE: $0.37 - $0.42 (Ideal Re-Accumulation Zone) The beauty? The buy-back zone aligns perfectly with the handle support a high probability reload area for the next leg up. This is one of the cleanest multi-month setups I’ve seen. The path to $1.70+ is now open. Are you loading the boat? 👇 Like & Follow for more high quality chart breaks.
Long
by weslad
EURUSD BEARISH FALSE BREAKOUT.Price retested previous resistance level at (1.17897 - 1.17713) and was rejected back to the trading range at (1.17441- 1.17213) and formed a double top with bearish engulfing triggering entry. Two Entry Model with different Stop Loss. Entry 1- At the close of the bearish Engulfing Stop loss at 1.17488 at new lower high formed or Stop loss at 1.17806 previous high. Entry 2 -Wait for the trendline break for extra confirmation, Stop loss at 1.17488 at new lower high formed.
Short
by Victor_Kinyanjui
GBPCAD Key Resistance Level + Double Top at the level.Price is at Key Resistance level tested multiple times and Previous High at (1.88375 - 1.86941). Price formed Double Top inside our level followed by Short term trendline with 2 touches. Entry 1 - Aggressive Entry at the Close of the Bearish Engulfing. Entry 2 - Conservative at the break of the Short term trendline in H4 to signal that the previous uptrend is over and sellers are coming in since we are going against the dominant uptrend we need extra confirmation.
Short
by Victor_Kinyanjui
1
EURUSD: Bounce from Triangle Support LineHello everyone, here is my breakdown of the current Euro setup. Market Analysis From a broader perspective, EURUSD has been in a long phase of accumulation, which has formed a large Upward Triangle. This pattern is defined by a flat horizontal resistance at the 1.1770 level and a rising support line, showing that while sellers are holding the highs, buyers are progressively becoming more aggressive on each pullback. Currently, the price is in a corrective pullback phase within this triangle. It is now approaching the ascending support line, a key dynamic level that has consistently provided a floor for the price during this entire consolidation period. My Scenario & Strategy My scenario is built on the expectation that this Upward Triangle will resolve to the upside, in line with its classic technical interpretation. I'm looking for the price to complete its dip and find strong support on the triangle's support line. The key event would then be a decisive breakout above the 1.1770 Resistance. Therefore, the strategy is to watch for this bounce as the entry trigger. A confirmed breakout above the Resistance Zone would validate the long scenario. The primary target for the subsequent expansion is 1.1820, a logical measured move objective after such a prolonged consolidation. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner
2
TESLA's Make it or Break it WeekHello I am the Cafe Trader. Today we are taking another look at Tesla. Everyone knows what a beast this has been in the past, I am going to prep you on what to do when awakens. As of today, we sit under the last strong seller before the 400's, breaking this and holding (a close above on a Friday) would make a strong case to test highs (minimum). Overall, I still think there is a strong case for the downside, but this seller determines everything. This is due to the time we have been in the top of the range. So here are your two scenarios Green Scenario If Tesla can push through the strong seller zone (roughly 350–365) and actually close above it, then bulls would gain full control. That opens the door for a continuation move toward 400+. If this happens, I will publish some trade ideas with a new chart. Red Scenario If This Seller continues to flush out these buyers, this could spark a large reaction to the downside. In that situation we would be looking for a move back into the big buyer zone around 290. A failure there could drag us all the way to the conservative trend line near 270. Personally I lean short biased in the next 2-4 weeks, Very bullish over the next few years. Hope you enjoyed, please DM or comment with questions or another stock you would like analyzed. Happy Trading @thecafetrader
NASDAQ:TSLA
by thecafetrader