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Candlestick Analysis

GBP/USD Looks Set To Extend Bounce From SupportGBP/USD looks set to extend its bounce on the daily chart, having found support at the monthly S1 pivot and 200-day EMA. The daily RSI (2) reached a heavily oversold level on Thursday ahead of the bullish inside day at support. A bull flag is also forming on the 4-hour chart. Given the strength of the rebound from support, the bias is for a break above the weekly pivot point and move to at least the October VPOC around 1.3440. Also note the weekly R1 pivot and monthly pivot just below 1.3500 just makes a viable target zone for bulls over the near term. Matt Simpson, Market Analyst at City Index.
Long
by City Index
W pattern is established and the bullish pattern remain unchangeI have said before that gold is in a fluctuating upward state whether viewed from the weekly or daily charts, and there is no reversal signal. I mentioned in my previous post that from the hourly chart, gold has the prototype of a W shape, and the neckline is at 4145. In the evening of the US session, gold successfully broke through the neckline and touched around 4155. Although the bullish momentum of gold has stagnated slightly after a slow rise, I am still optimistic that gold will reach 4160-4165. If it falls back to around 4145-4135 again, we can still consider trying to go long on gold. OANDA:XAUUSD
OANDA:XAUUSD
by Perfect_Allen
SGDCAD: Price Holds Above Daily HTLKey Observations Daily Timeframe: Price tested this daily HTL as resistance a few times. The last break was very strong. After price reverted below this daily HTL, it did not make a new lower low. Instead, it traded above this level rather quickly. Overall, this gives me an indication that selling pressure is weakening. H1 Timeframe: Price crossed below EMA20, but this was shortlived As price exits the EMA band, this is an indication that momentum might pick up Realistically, I might close this trade and re-open in order to bypass the the 5PM rollover spike in spreads
Long
by FinancialGamblR
Binge with BROSHello I am the Cafe Trader. Today we’re looking at Dutch Bros (BROS). BROS has a soft spot in my heart, as I used to live near Grants Pass OR where they started. Even without my bias, There’s a lot happening here that points to bullish momentum. 1) It’s important to note that the yellow box is what I call algorithmic suppression — this isn’t real selling but instead this is fabricated selling . This is usually done by short sellers and hedge funds looking to slow down the momentum of a stock. I talk about the "why" on my channel. 2) The Real seller has been challenged and if they are satisfied by the end of the week (above $71) this would seal the deal. 3) New Aggressors have taken a strong position, and they will look to defend this area as the weeks go on. For these reasons I have 2 scenarios to help you get Long as well as some Value prices for your long term. Green Scenario If buyers continue to defend the New Aggressor zone, BROS should make another push back up into the Light Seller area around 79. This should be a partial TP. A close into or above that seller zone would continue the marching of these bulls. Red Scenario We do not know where exactly the top of this New aggressor is yet, but It's strongest case scenario would be 68.80 (This is the most unlikely) If there is a retrace, the top of Strong Demand is likely where strong buyers will step in. Out of scenarios, I feel better about going ofr the more conservative approach (but who doesn't like a better deal?) Entry 62.50 Stop 56 TP 1 80 TP 2 Hold for 5+ years - Long Term. Long Term If you’re looking to build exposure on BROS, here’s how I’d map the levels based on conviction: Aggressive: Current demand (72) Value: Strong Demand (56-62) Extreme Value: (44-46) Overall, this looks very bullish for BROS. With algorithmic suppression cleared, and a real seller already taken out of the market (we will know end of week), You may strike gold in the long term. Happy Trading, @thecafetrader
NYSE:BROSLong
by thecafetrader
1
Tesla's New Range. Hello I am the Cafe Trader. Today we are revisiting Tesla (TSLA). Last article we identified the Key seller before this big extension. Today I have identified the last key seller, and how you can capitalize. Price has now entered into the Light Supply Zone , a place where sellers will try to slow things down. It is likely that you will want to play TSLA at the Extremes. Strong Supply , and Strong Demand levels are going to give you the best chance at a stronger reaction. So if you are playing the short term, These two plays marked on the chart will be your best bet. If the Strong Buyers hold at around 417, This will put a lot of pressure on that last strong seller at 461. A push through them should see you ATH's (not without a strong reaction from the Strong Supply first). Missed out on the move and want to add TSLA to your long term? Long Term These Prices should match your conviction on TSLA: Aggressive : 409 - 419.50 (Top of Demand, even better if you get into those strong buyers) Value : 333-344 Extreme Value : 288-294 or the Conservative Trendline. Expect big things from TSLA in the coming years. I would not be surprised to see TSLA reach over 1,000 again. Happy Trading, @thecafetrader
NASDAQ:TSLA
by thecafetrader
Boeing May Be StallingBoeing rallied sharply in the spring and early summer. But now some traders may think it’s stalling. The first pattern on today’s chart is the $225.50 level, a weekly low from September 5. BA broke under that level the following week and has stayed there since. It tried to rebound last Wednesday and was rejected. Has old support become new resistance? Second, the aerospace giant reported strong quarterly results on July 29. Buyers drove prices higher, but sellers turned the bullish open into a bearish engulfing day. That large outside candle is a potentially bearish reversal pattern. Third, July’s high occurred near a gap from January 8, 2024. Old resistance may have been confirmed. Next, the 8-day exponential moving average (EMA) is below the 21-day EMA. Last week’s high also occurred at the falling 50-day simple moving average. Those patterns may reflect new downtrends in the short- and intermediate-term. Finally, BA is an active underlier in the options market. (It averages about 135,000 contracts per session, according to TradeStation data.) That could help traders take positions with calls and puts. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options. Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com . TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:BA
by TradeStation
Don't chase the rise and sell the fall, maybe look to 4070Yesterday, it was expected that gold would hit the 4130-4140 pressure point after a strong rise, but in the evening the gold price only touched the small cycle pressure around 4115 and then retreated, failing to give us a good entry opportunity. After the opening of the Asian session today, gold continued its bullish trend, breaking through the channel pressure and reaching a high of around 4180. As gold hit another historical high, the main funds also reached the ideal selling point, and the market quickly ushered in a sharp decline, reaching a low of around 4090. During this period, gold experienced a brief period of violent fluctuations, testing the 4090 support twice, but failed to effectively fall below it. This point is both the starting point after the decline last night and near the 4H line MA10 moving average, so it has certain support in the short term. Gold is rebounding again now. Bros, don’t blindly chase the rise and sell the fall to avoid losses caused by market fluctuations. Pay attention to the pressure level of 4140-4150 on the upside. If gold cannot break through this resistance range in the European session, then the gold price may have another wave of correction in the short term. Support levels of 4100-4090 remain a concern, with key support levels at 4070-4060. Conservative traders should wait for a pullback before entering the market. Also, during the US session, pay close attention to the comments of Federal Reserve Board Governor Bowman and Chairman Powell, with Powell's remarks being particularly noteworthy. For more real-time updates, please follow my personal homepage to get first-hand information
OANDA:XAUUSDShort
by Perfect_Allen
From 'pullbacks' to a 'correction' (S&P 500)Setup Still Bullish. Be patient for entry near end of the corrective move lower Evidence.. -Trend is up, no top pattern -No longer 'dips' to 50 DMA, now into a 'correction' with possible move towards 100 DMA -Large bearish engulfing weekly candle -The 4 month old trendline has broken. -RSI has dropped under support - but not yet characteristic of bearish trend by going oversold -Price has landed at a demand zone under 6500 (could rebound from here) Signal Looking to go long on another test of the demand zone OR at next supports found at matching lows of 6350 then 6200
OANDA:SPX500USDLong
by jasperlawler
1
PATH - Go in the direction of the WINDOW!PATH - CURRENT PRICE : 17.14 The Japanese Candlestick theory refer to what we call in the West a gap as a window. Whereas the Western expression is "filling in the gap," the Japanese would say, "closing the window." A rising window is a bullish signal. There is a price vacuum between the prior session's high (that is, the top of the upper shadow) and the current session's low. It is said by Japanese technicians to "go in the direction of the window." This is because windows are continuation signals. Consequently, with the emergence of a rising window, one should look to buy on dips. PATH has formed three rising windows (gaps upward) in just two weeks that remain unfilled. This pattern suggests strong demand and sustained bullish momentum. Each window shows that buyers overcame sellers before the prior candle closed, reinforcing confidence in the trend. Furthermore, a Golden Cross has formed for the first time in a long period (look at blue circle), where the 50-day EMA has crossed above the 200-day EMA — a classic long-term bullish confirmation. Notably, the last occurrence of this pattern was in November 2023, making this the first reappearance in over two years, further reinforcing its significance as a potential turning point in market sentiment. For short-term target is 20.00 and 24.00. For position trader that holds for several months may target around 30.00. Investors holding for approximately one year, the target is 50.00. ENTRY PRICE : 16.80 - 17.20 FIRST TARGET : 20.00 SECOND TARGET : 24.00 SUPPORT : 14.77 (the low of 08 Oct 2025 candle) - cutloss if price close below support level on closing basis.
NYSE:PATHLong
by IMRAN_96
1
USD/JPY: Bearish Bias Remains Despite 1-Hour Triangle Break RiskA small symmetrical triangle has formed on the 1-hour chart, suggesting an upside break could be pending. However, with the elongated bearish engulfing candle that appeared on Friday after an extended move, I suspect any rally from here may be limited. Bears could look to fade into moves towards the 153 handle and maintain a bearish bias while prices remain beneath Friday’s high. The bias is for an eventual move down to the March high (151.30), near the weekly pivot point (151.14). A break beneath the 150.32 high would imply a deeper retracement for USD/JPY and bring the 150.00 handle and 150.33 high-volume node into focus. Matt Simpson, Market Analyst at City Index and Forex.com.
Short
by City Index
EURNZD – Possible Reversal / Buy SetupPrice is testing the 2.0150–2.0180 support zone, which acted as a strong base in the last impulse. Decreasing volume suggests possible accumulation. A move back toward 2.0250–2.0300 would align with the previous high and volume node. 🎯 Trade Setup Buy Entry: 2.0180 Stop Loss: Below 2.0150 Take Profit: 2.0250 – 2.0300 📈 A clean setup if buyers defend this zone — watch for confirmation before entering. ⚠️ Disclaimer: This analysis is for educational purposes only. Always conduct your own research and manage risk appropriately.
Long
by forexfire1
1
Go long on gold after a pullback to 4060#XAUUSD OANDA:XAUUSD Gold continued its upward trend after opening at the start of the week, reaching a high of 4078 before retreating, with a daily gain of nearly $70. Judging from the hourly chart and 4H chart, the current moving averages are arranged upward, the MACD indicator forms a golden cross, and technical indicators suggest that gold still has the potential to rise. But one thing worth noting is that after breaking through the new high, gold did not continue to rise by $30 and then fall back like the previous rise. Therefore, don’t blindly chase the rise at the moment. Caution is advised if gold reaches around 4080 again today. Gold may retreat to the top-bottom conversion level of 4060. If the European session pulls back to the support level of 4060-4050 and does not break, we may consider a moderate long position in gold, with a defensive strategy. The target can be seen at 4080-4090, and if the rise is strong, it can be seen at 4100 For real-time updates, please follow my profile on my homepage
OANDA:XAUUSDLong
by Trading-Magician_G
2
USDT.D Lower High Again — Why I’m Still Bullish on AltsQuick take: the weekly downtrend in USDT dominance is intact. We keep respecting the same descending trendline that starts at the Nov 7, 2022 peak, then tags Sep 11, 2023 → Aug 5, 2024 → Apr 7, 2025 → Oct 6, 2025. Every touch has printed a lower high. Price is still below the weekly 200 EMA (see the thick cyan line on the chart), which keeps the high-timeframe bias pointed down for USDT.D—and by extension, up for BTC/ETH/altcoins, because USDT.D typically moves inversely to the crypto market. The part that matters to me is how liquidity spikes on CRYPTOCAP:USDT.D have behaved. On Aug 5, 2024, we swept the prior highs and then bled lower for roughly ~168 days, about ~45% down from that spike. On Apr 7, 2025, same story: a sharp markup and then a ~36% markdown after the sweep. Today we’ve done it again—another wick into the trendline, another lower high, and we’re still trading under the 200-week EMA. That combo has consistently led to multi-week declines in dominance. Short term, after last Friday’s deleveraging and thin books, I’m not pretending to know every intraday zigzag. But on daily/weekly, the picture hasn’t changed: we cleaned the prior highs, failed at the trendline, and are sitting around the mid-4% zone with momentum fading under the EMAs. My base case is chop under the line and then a push lower toward the ~3% area (marked on the chart). If that plays out, it’s exactly the sort of backdrop that’s fueled alt rallies in the past as stablecoins rotate into risk. What would make me reconsider? A meaningful refill of the wick and acceptance back toward ~5.5% with a weekly close above the trendline and the 200 EMA. Until I see that, I’m treating last week as a de-leveraging spike before higher for crypto broadly, not the end of the cycle. I’ll be watching the next 30 days: hold under the line and roll over, and I like the odds we slide toward 3%—which, historically, has lined up with strong legs up in BTC, ETH, and the better alts.
CRYPTOCAP:USDT.DLong
by Trading_Soldier