price action of Gold Spot (XAU/USD) in relation to the trendlines and patterns indicated.
Chart Analysis
1. Weekly Flag Trendline:
- The first chart shows a trendline forming a "flag" pattern on a higher time frame (possibly weekly or daily). This flag appears to be a bullish continuation pattern, indicating that after the consolidation within the flag, the...
Sitting in the middle of its recent range at the beginning of a week laden with risk events, 146.50 looms as a potential level USD/JPY traders can build setups around. With price and momentum breaking their respective downtrends last week, and with no meaningful sign of further deterioration in the US labour market based on recent jobless claims data, buying dips...
Yello! Could we be on the verge of a major #DOGEUSDT rally? Or is another fake-out looming? Let's dive into the latest analysis of #Dogecoin!
💎#DOGE is currently displaying strong potential for a bullish continuation from a critical support zone at $0.096. We've been tracking #Dogecoin closely as it follows a falling wedge pattern, and it now appears ready to...
BTC Bitcoin Correction Outlook 4 hour Chart Extended Analysis
In this 4-hour short-term chart, we observe both a triangle and a bearish rising wedge that have been broken, signalling potential downward momentum. Additionally, we now see the formation of a bear flag, which is typically a continuation pattern. We can also see several support lines that highlight...
December beanoil is a high probable low area worth having a closer look as numerous projections and retracement confluencing at around the 37-38 cts.
The time taken in the bull market from March '20 to April '22 is almost the same time it took to retreat. At the recent low,it took 840 calendar days compared to 772 days of rise.
Supporting the high probability is...
Hello, this is Full_Time_Trader88.
Let's dive into the Bitcoin market analysis for August 31st.
(Please note, I do not engage in any paid promotions. This post is purely for informational purposes and should be used as a reference.)
(15-Minute Chart - Layer Structure)
Bitcoin appears to be forming a "layered structure," where support and resistance levels...
The stock experienced an extended period of consolidation, during which it formed several bullish chart patterns, including the Double Bottom and Rounding Bottom.
After the price broke above the neckline of the Rounding Bottom, the stock surged to reach an all-time high close to the 237 level.
Since then, it has retraced nearly 17%-18%, returned to its support...
Nvidia stock (ticker: NVDA ) is up nearly 3,000% in the past five years. Back then, in 2019, no one really cared about its earnings report as it was known mainly for its niche products targeting geeks, gamers and crypto miners. Now, when Nvidia reports, the world listens.
Everyone and their moms were glued to the screen Wednesday afternoon when the company...
Welcome to our latest live TradingView show with TradeStation! Kick back and watch this show to learn about the key things that are moving markets and shaping the conversation as the summer trading season comes to an end. What will you learn in this show?
Recent Price Action: We’ll analyze the market movements since the "carry trade crash" and see how this...
Hi guys,
I'm trying something new here.
In this video I explain what risk-off is and what causes it. I break down the recent yen carry trade and what went on there.
It's good to study these events so that next time you have the knowledge in the bank. That way you can plan and make better decisions.
Let me know if you like this sort of thing and I can do...
1. Introduction
Volatility is a critical concept for traders in any market, and the E-mini S&P 500 Futures are no exception. Traditionally, traders have relied on tools such as the Average True Range (ATR) and Historic Volatility (HV) to measure and understand market volatility. These tools provide a snapshot of how much an asset's price fluctuates over a given...
Welcome to the market’s game of zig-zag. On the one side, we’ve got the bulls pulling prices up (doing the zigging), and on the other, the bears dragging them down (doing the zagging). Somewhere in there lies a delicate balance—where prices pause, reverse, or break through. These are support and resistance levels, and if you want to play in the big league and run...
USOIL (H2) : THE USOIL TARGETTING USD 80.00 IN THE BULLISH TREND
According to this technical analysis, the current trend indicates an upward movement for USOIL. Prices are trading above moving average intersections, and the MACD indicator shows positive signs. Considering this, we can consider buying from the current price of $75, with a profit-taking target...
BTC is forming an absolutely massive Cup & Handle on the Daily/Weekly chart. There has never been a formation like this in the history of crypto, and it's sure to be an incredible run to levels that will shock the world.
Examining the PEPE/USDT chart closely, I’ve identified several elements that stand out in the current trading environment. Here's a detailed analysis:
Key Resistance and Support Levels:
Resistance 1 (R1) at 0.00000693: This level is immediately noteworthy as the price is currently testing it. A break above could indicate bullish sentiment building in the short...
In this educational lesson, we will explain the concept of swing trading so that aspiring traders can learn how it works and what it means. Swing trading is considered a short to medium-term strategy that aims to trade specific market “swings” or oscillations within a broader trend. Swing trading is not day trading, and it is not long-term investing. Instead, it...
Bitcoin rejected the 56K support and is now testing 64K resistance. Read my previous article to learn how I described this scenario a week in advance. With price at a proven resistance, along with a couple of inside bars suggests momentum continuation higher BUT how much higher? With the coming week typically being the SLOWEST week of the year, expectations should...
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 72.80 zone, USOIL was trading in a downtrend and currently in a correction phase in which it is approaching the retrace area at 72.80 support and resistance area.
Trade safe, Joe.
