The Golden Pocket: Fibonacci’s Sweet Spot in TradingHello, traders! 😎
If the crypto market had a VIP lounge, the golden pocket would have a permanent reservation. It’s that elusive, almost mystical zone in the Fibonacci retracement where price often decides its fate. Will it make a heroic comeback… or lose steam entirely? Before we dive in, one thing needs to be crystal clear: the golden pocket in trading is not a magic wand. On its own, it’s just a mathematical range. Used without confirmation from other indicators, volume analysis, or broader market context, it can lead you straight into a trap. Professional traders and algorithms treat it as one tool in a much BIGGER TOOLBOX .
What Is the Golden Pocket in Trading?
In technical terms, the golden pocket refers to a specific slice of the Fibonacci retracement scale, typically between 61.8% and 65%. These numbers aren’t random. The 61.8% figure comes from the Fibonacci sequence, a ratio found in nature’s architecture — spirals of seashells, galaxies, flower petals — and eerily echoed in financial markets. The small range between 61.8% and 65% is what traders call the Fibonacci golden pocket or golden pocket fib levels.
Here’s the logic: when an asset trends up but starts to pull back, it often retraces a portion of that move before continuing. The fib retracement golden pocket tends to be the last meaningful zone where buyers step in before momentum breaks completely. In a downtrend, it works the same way but inverted — the price rallying into the golden pocket often finds sellers ready to push it back down.
Why does it matter? Market behavior is, in part, a reflection of human psychology. Many traders — from retail to institutions — watch these levels, which makes reactions here more probable. Add in algorithms coded to act at certain Fibonacci ratios, and you have a cluster of activity that can turn the golden pocket into a genuine battleground.
But, and here’s that warning again, a retracement into the golden pocket alone doesn’t guarantee a reversal. Without confluence from other tools (trendlines, moving averages, volume spikes, momentum oscillators), it’s simply a potential reaction zone.
Why the Golden Pocket Works (Sometimes)
The golden pocket trading concept thrives on repetition. Over years of chart history across markets — stocks, forex, crypto — this small Fibonacci zone has been tested again and again. It often coincides with areas of previous support/resistance or with liquidity zones where large orders are waiting.
Think of it like this: if price is a runner and the market is a racetrack, the golden pocket is the point where the runner slows down to decide whether to push for another lap or leave the track. Sometimes they sprint ahead, sometimes they collapse, but the decision often happens there.
In crypto, this zone is particularly watched because of the market’s volatility. Bitcoin, Ethereum, and other majors have shown countless reactions here, which keeps the cycle going. Traders believe in it because it’s worked before, and because traders believe in it, it works again… until it doesn’t. That’s the critical point. IT DOESN’T ALWAYS WORK . Treating it as gospel is one of the fastest ways to get stopped out. Smart traders always ask: What else confirms this zone?
A Real Bitcoin Example
Let’s jump back to September 2021. Bitcoin had rallied from its July swing low around $29,000 to the early September high near $52,900. Then, a correction began.
If you plotted a Fibonacci retracement from that July low to the September high, the pullback landed almost perfectly in the golden pocket range between $42,800 and $41,900. On the chart, this wasn’t just a random number zone — it aligned with a previous area of consolidation and a visible liquidity shelf.
The market reaction? Price respected the zone, paused for a few sessions, then bounced to retest the $52K area. However, here’s the twist — it didn’t break new highs. By November, the rally failed, and BTC entered a deeper correction.
That single example tells you everything you need to know: the golden pocket can be a reaction point, but not a guaranteed trend reversal. Those who combined it with volume divergence, macro sentiment, and moving averages saw the warning signs early. Those who didn’t… learned a painful lesson.
The Takeaway
The golden pocket fibonacci is one of those charting concepts that sticks in traders’ minds because it’s both elegant and, at times, eerily accurate. It’s a reflection of how price action can mirror natural ratios found in the world around us.
But markets are not bound by mathematics alone — they’re driven by liquidity, sentiment, and macroeconomic forces. The golden pocket in trading works best when it’s part of a confluence: combine it with other technical indicators, volume profile analysis, or key horizontal levels.
On its own? It’s just a pretty number. In the right hands, with the right supporting evidence, it’s a zone where history has shown the market likes to make decisions.
Community ideas
Gold pulls back as expected, you can continue to sellIn my previous trading strategy, I reiterated my view that gold prices would continue to fall if they couldn't break through 3370 in the short term.
And indeed, gold's performance behaved as expected. After hitting 3370, it fell again, reaching a low of 3350.
Technically, the current correction in gold prices hasn't concluded. The Fibonacci retracement indicator for the 3408-3330 trend shows that 3370 is at 0.5, and 3360 is at 0.618, representing resistance. Meanwhile, the MACD indicator has formed a death cross.
Therefore, we do not need to make any changes to our trading strategy. As long as 3370 is not effectively broken, we can continue to short based on the resistance range.
Trade setup is as follows:
Sell near the 3360-3370 area
First target 3350
Second target 3340
Final target 3330
Stop loss at 3380
📣If you have different opinions, please leave a message below to discuss
Ether Soars in Massive Rally — Is Altcoin Season Finally Here?Bitcoin who? Move over, orange coin. It's the alt season and Ethereum and its crew of alternatives are here to party.
🚀 Ether Edges Toward All-Time High
Ethereum BITSTAMP:ETHUSD is all the game in crypto town right now. Prices climbed another 3% early Thursday, cruising past $4,750 and now just some $100 away from the 2021 record high. The last time Ether was here, NFTs were still making headlines for selling pixelated rocks.
But this one is different (yes, it really is different this time) — it’s institutional validation driving the breakneck rally.
The spark? A mix of deep-pocketed corporate treasury moves, a flood of ETF inflows, and a billionaire with a knack for backing winning tech plays. Everyone, give it up for Ether Peter — PayPal NASDAQ:PYPL and Palantir NASDAQ:PLTR co-founder Peter Thiel, out there betting on Ethereum treasury firms.
🦖 ETHZilla: From Biotech to Blockchain
The biggest headline driver this week is ETHZilla — also known as 180 Life Sciences NASDAQ:ATNF . In a plot twist worthy of a streaming docuseries, the California-based biotech firm drops the lab coats and rebrands into an Ethereum treasury powerhouse.
Earlier this week, ETHZilla announced it had scooped up 82,186 ETH at an average price of $3,806.71, now valued at about $349 million. The stock tripled on Tuesday, sending its market cap to $1.6 billion.
The company funded its transformation with $156 million from convertible notes and $425 million via a private placement involving more than 60 institutional and crypto-native investors.
Oh, and they got Peter Thiel’s stamp of approval — his Founders Fund disclosed a 7.5% stake in ETHZilla just as the Ether shopping happened.
🏦 BitMine and the $24.5B Goal
If ETHZilla is the new kid on the block, BitMine AMEX:BMNR is the neighborhood whale. This Ethereum treasury giant holds $5 billion in tokens and just filed paperwork with the SEC to potentially raise another $24.5 billion.
The ambition? Accumulate 5% of Ethereum’s total supply — about 6 million Ether coins, worth roughly $26.5 billion at today’s prices. For context, that’s like buying a decent slice of the entire network and then staking it for dessert.
Peter Thiel’s involvement here isn’t small either — Founders Fund disclosed a 9.1% stake in BitMine. Clearly, he’s betting big on Ethereum’s next chapter.
📈 ETFs Overflowing
The timing couldn’t be better. US spot Ethereum ETFs are in on it, breaking records, with over $1 billion in daily inflows for the first time this Monday. Since April 9 — some call it Liberation Day, but for some it's Liquidation Day — Ether BITSTAMP:ETHUSD has rocketed up 240%, while Bitcoin BITSTAMP:BTCUSD has pulled together a comparatively modest 60% gain.
The message from the market is loud and clear: altcoin season is back on the menu.
💼 Corporates Join the ETH Treasury Club
Public companies are now mimicking the MicroStrategy NASDAQ:MSTR Bitcoin playbook — except this time, the ticker is BITSTAMP:ETHUSD .
Fundamental Global, a small-cap reinsurer, surprised the market by filing an S-3 registration to raise up to $5 billion for Ethereum purchases.
Traders and investors didn’t love the dilution risk — the stock cratered 48% after the announcement — but management insists this is a long-term accumulation strategy.
They’ve already closed a $200 million private placement to get started, aiming for a 10% stake in the Ethereum network (yes, seriously) through staking, restaking, and other DeFi strategies. CEO Kyle Cerminara says this move “positions ETH as a core corporate asset.”
🐋 Whales Making Waves
Fundamental Global isn’t alone. In July, SharpLink Gaming NASDAQ:SBET added 77,210 ETH — a $295 million buy — and this week followed up with another $400-million purchase, bringing total holdings to nearly 600,000 ETH worth over $2.6 billion.
GameSquare NASDAQ:GAME also jumped in, announcing in July that it would build an ETH treasury rather than a Bitcoin one. The company raised $8 million to kickstart a $100 million phased buying plan.
🌊 Altcoins Catch the Updraft
It’s not just Ethereum feeling the love. Altcoins are getting swept along for the ride:
Solana COINBASE:SOLUSD cracked $200, up 25% over the past week.
XRP BITSTAMP:XRPUSD gained 12% in the same stretch.
Dogecoin COINBASE:DOGEUSD — because of course — surged 24%.
Chainlink COINBASE:LINKUSD stood out as a top performer, rising over 45% last week. Its boost comes after launching the Chainlink Reserve, now holding $1.5 million worth of LINK tokens.
When the big alt moves, the smaller ones often follow. Traders call it correlation. Cynics call it FOMO.
🔍 The Bigger Picture
Ethereum’s market cap now sits at around $570 billion. The combination of corporate treasuries, ETF flows, and growing DeFi infrastructure is creating a bullish cocktail not seen since the last altcoin cycle.
But let’s not forget the fine print: Ether’s price is heavily momentum-driven right now. The $4,700 level is a psychological barrier, and a retest of the $4,500 range could still happen before a breakout to new highs.
For long-term holders, the story isn’t just about charts, but also about Ethereum’s growing role as a corporate and institutional asset, something Bitcoin pioneered but Ether may now be refining.
Off to you : Now that altseason’s kicked off, how’s your portfolio looking? Are you holding any small-cap moonshots? Or you’re on team Ether? Share your strategy in the comments!
ARM – Cup & Handle Pattern with Potential BreakoutOn ARM’s daily chart, we can see a clear Cup & Handle pattern – twice in a row – with strong upward moves following each completion.
The latest pattern completed around the $165 area, after which the stock pulled back into a healthy correction and is now consolidating in the $140–$150 range.
Technical Analysis:
Pattern: Cup & Handle with a small pullback, indicating potential re-accumulation.
Key Support: $140 (a breakdown below would weaken the setup).
Key Resistance: $150–$155 (a confirmed breakout above could trigger the next bullish leg).
Indicators:
RSI near 50 – neutral, room to move higher.
MACD in a correction phase but close to a potential bullish cross.
ADX showing temporary trend weakness but could strengthen after a breakout.
Stochastic slightly in overbought territory but not extreme.
Volume: Decreasing volume during the pullback – a healthy sign for a potential upward breakout.
Trade Plan:
Entry: On a confirmed breakout above $155 with higher-than-average volume.
Target 1: $165 (previous resistance).
Target 2: $180–$185 (depending on momentum strength).
Stop Loss: Daily close below $140.
Summary:
ARM is showing a classic bullish setup with a strong potential for another upward move. A breakout of the key resistance levels with strong volume could trigger a sharp rally, similar to the previous two bullish waves.
Circle buying opportunity. Bullish chartWith the announcement of the new stock release, more selling should come. I see limit entries of 139 and 144 to be ideal. Overall pattern is 4th wave correction IMO. Target at least double top in short term and much higher long term. People smarter than me would put stop losses under those targets, but I'm a degen. Any accumulation in the green box should be good.
Cable & Fibre!So, generally I'm happy with the way the market is going. Though a little bit uncertain about how high it wants to go before it resumes its downward spiral, things are going good so far.
Looking at Cable, on an hourly chart, we see that between 06:00 am and 08:00 am (New York Time), there is FVG formed and to its left, there is a breaker. This a perfect setup for me, but I will wait to see if price actually wants to go above the 1.3477 level to reach for the 4H as well as 1H FVG.
I've put a sell limit on the fibre at 1.1635, but I will remove it for now, 'till I have confirmed whether price will go above 1.1698 level, to go into the 4H FVG, the mid-point thereof. I have a sell limit there with a stop loss at .1745.
Bitcoin, Ethereum Breakout: 401(k) funds & the next "Altseason"Bitcoin is up 10% in August, driven by strong ETF inflows and a game-changing executive order allowing 401(k) retirement funds to invest in cryptocurrencies, potentially bringing trillions of dollars into the sector.
Technically, Bitcoin and Ethereum are breaking out toward multi-year highs, with BTC leading and ETH close behind—setting the stage for a possible "altseason" if these levels hold and capital rotates into altcoins.
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Triangles, Flags, and Pennants — Guide to Continuation PatternsChart patterns can be mysterious — until they’re not. Let’s break down the technical trio that tells you when a trend’s just taking a breather before it flexes again.
So your chart’s been pumping higher for weeks, and then… nothing. Price starts scribbling sideways. Cue panic? Maybe. But more likely, you’re staring at a continuation pattern.
Triangles, flags, and pennants are the subtle “hold my beer before I try to pull a move” signals of technical analysis. They show up when markets pause — not reverse. That pause could mean your trend is catching its breath, not dying in a ditch.
In other words: don’t close your longs just because things go quiet. Sometimes the market is just stretching before it sprints again.
⚠️ Symmetrical, Ascending, Descending
Let’s talk triangles, the Swiss Army knife of consolidation. These shapes come in three stylish varieties:
● Symmetrical triangle: Higher lows, lower highs. Traders call this the indecision pattern, but don’t get it twisted — it may just be winding up for a breakout. Wanna see how these look in practice? Dive into our community’s symmetrical triangle ideas .
● Ascending triangle: Flat top, rising bottom. Buyers are aggressive, their patience is running out. Resistance looks like it’s begging to be broken. Check the ascending triangle ideas for your viewing consideration.
● Descending triangle: Flat bottom, falling top. This one’s more bearish than your boomer uncle who knows zero about Bitcoin BITSTAMP:BTCUSD , and yes — it’s often a precursor to a breakdown. Follow the descending triangle ideas and make sure you DYOR.
Key tip : Wait for the breakout. Don’t front-run triangles unless you like volatility surprises and emotional damage.
🚩 Flags: Fast Moves, Tight Consolidations
Flags form after a sharp price move — the “flagpole” — followed by a tight, slightly sloping channel that moves against the prevailing trend. They’re short-term patterns that act like pit stops during a race.
● In a bull flag, price rallies sharply, then consolidates lower in a downward-sloping rectangle. If price breaks above the upper boundary, the uptrend is likely to resume. Jump straight into the bullish flag ideas .
● In a bear flag, price crashes, then drifts higher or sideways, forming an upward-sloping consolidation. A breakdown below the lower support hints at a continuation lower. What goes up must go down — bearish flag ideas for thought.
Flags are prized for their reliability and tight risk-to-reward setups. The breakout is typically swift, and traders often use the length of the flagpole as a projected target.
🎏 Meet the Pennant: The Flag’s Cousin
Pennants are like mini-triangles that form after a strong price move, usually in high-volume conditions. Unlike regular triangles, they’re smaller and more compressed — a tight consolidation in the shape of a tiny symmetrical triangle.
What makes a pennant different from a flag? The structure. While flags are rectangular, pennants are more pointed — a converging pattern rather than parallel lines.
Pennants are often seen in high-momentum environments, and when price breaks out of the consolidation zone, it often does so with force. Get some pennant ideas straight from our community.
🧐 How to Actually Trade These Patterns
Spotting a continuation pattern is one thing. Trading it with discipline is another.
Here’s a basic checklist:
● Identify the trend. Continuation patterns only work when there’s a clear preceding move. If the chart is a sideways mess, maybe skip it.
● Draw your levels. Use trendlines or horizontal support/resistance to outline the pattern. Keep it clean — if you’re forcing a pattern, it probably isn’t there.
● Wait for the breakout. Don’t jump in too early. Let the price confirm your bias. Breakouts are more credible with a volume spike.
● Set your stop wisely. Most traders place stops just outside the opposite side of the pattern — below the lower trendline in an uptrend, or above the upper trendline in a downtrend.
● Target projection. Many use the height of the pattern or the flagpole to estimate a target price, though market conditions should influence your approach.
🤔 So, What Could Go Wrong?
Glad you asked. Plenty.
● Fakeouts: Just because it looks like a breakout doesn’t mean it’s real. Wait for confirmation — volume, a close outside the pattern, or your favorite indicator giving the green light.
● Shaky patterns: Not every triangle-looking pattern is a triangle. Sometimes it’s just noise. Don’t make up patterns. The market doesn’t care about your geometry.
● Overleveraging: Continuation patterns look reliable, but no pattern is bulletproof. Position sizing still matters. Don’t bet the farm because a pennant gave you butterflies.
💡 Pro Tips from the Chart Trenches
● Set alerts on trendline breaks so you’re not glued to the screen like a caffeinated hawk.
● Use pattern recognition tools if you’re a newer trader — but verify manually. No software is a crystal ball.
● Trade continuation patterns in the direction of the trend. Countertrend flags are usually bear traps in disguise.
📌 One Last Thing: Pattern ≠ Prediction
Chart patterns don’t tell the future. They tell a story about buyer and seller behavior. Continuation patterns? They’re just the market saying, “Yeah, we’re still into this trend. Just grabbing some break first.”
Use them as one part of a system. Combine them with momentum indicators, volume, or good ol’ fashioned risk management.
Because in the end, it’s not about how many triangles you find — it’s about how many fakeouts you avoid.
Off to you : Spotted any textbook triangles or sneaky flags this week? Or caught a pennant fakeout that wrecked your stop loss?
Drop your best (or worst) continuation pattern story below. You never know who might learn something from your chart scars.
BITCOIN Bullflag and new all-time high ?!BULL FLAG and new all-time high 👀⏰
📇BTC daily-chart (BITSTAMP) and 💡everything important in the chart !
Bitcoin has broken out of its sideways consolidation and has recently successfully tested this channel (bull flag), thereby activating a potential bull flag.
The resulting targets (see example) are based on the low of approximately $98,240 and the sharp rise to the current all-time high of $123,236.
See the flags at the top with the corresponding price-targets 🏁 👀
💥Rising blue diagonal line for the previous support
💥From an indicator perspective, a possible bullish cross is imminent in the MACD-Indicator and bearish momentum may continue to decline ...
💥Finally, the bull flag (textbook) as an example of a chart pattern.
🔥Please also take a look at my last idea, as there are certain similarities based on this...
🎯 If you like this idea, please leave me a 🚀 and follow for updates 🔥⏰
Furthermore, any criticism is welcome as well as any suggestions etc. - You're also very welcome to share this idea.
I wish you a pleasant Sunday and a good start to the week & successful trading decisions 💪
M_a_d_d_e_n ✌
NOTE: The above information represents my idea and is not an investment/trading recommendation! Without any guarantee & exclusion of liability!
UnitedHealth: Deeply oversold but worth a closer lookUnitedHealth (UNH) is the largest private healthcare company in America. Eight million Medicare Advantage members. Optum’s network reaches tens of millions more. It has the data, the reach, and the pricing power. At today’s valuation, it’s worth adding to your watchlist. Forward P/E at 11× versus a five-year average of 14×. Price-to-sales at 0.6×. RSI at levels not seen in decades. Oversold. Under-owned.
Mispriced? Potentially. We must make it very clear that there could be more downside. But upside is also worth considering.
The AI angle is real. UNH’s health data trove is unmatched. AI can strip billions in waste, automating claims, flagging fraud, predicting costly illnesses before they happen. This isn’t science fiction. It’s execution. Done right, it builds margins and widens the moat. Few can play at this scale. UNH can.
Healthcare as a sector trades 20-30% cheaper than the S&P 500. Aging demographics and chronic care demand are long-term tailwinds. A re-rating here could be swift and brutal for anyone short.
Now, the problems. Medical costs are spiking. Medicare Advantage margins are squeezed. Guidance was pulled, and that spooked the market. Leadership turnover added uncertainty.
These are real headwinds. But they’re fixable.
Premium hikes are already being set for 2026. Stephen Hemsley, the architect of UNH’s prior growth, is back. He’s cutting, reviewing, and bringing in outside talent.
Price implications? The market is pricing in permanent damage. That’s why you can buy a market leader at a crisis multiple. If margins recover and AI efficiencies kick in, this stock doesn’t just bounce, it re-rates. The gap from 11× to 14× earnings on UNH’s scale is tens of billions in market cap.
The bear pit is noisy. The bull case is quiet. But it’s there, and it’s strong. Stop losses are important to manage more downside risk.
The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.
BTC Holding Strong: Fibonacci Levels Point to $130KBITSTAMP:BTCUSD is holding above a key dynamic support zone at the lower boundary of its ascending channel, with current price action signaling a potential continuation to the upside. This long setup is supported by multiple bullish confluences.
✅ Bullish Confluences:
Fibonacci Retracement Support: Price respected the 38.2%–61.8% Fib retracement zone between $113,769 and $110,828, confirming a strong demand area.
Trend Structure: Clear higher low formation on the daily chart, maintaining the bullish channel pattern.
EMA Cloud Support: Price remains above the multi-band EMA cloud, showing sustained bullish pressure and trend bias.
Channel Support: Bounce from the ascending channel’s lower trendline, keeping structure intact.
Bullish Candlestick Formation: Daily candle holding above key support with buying pressure evident.
Ideal entry would be between 113k and 114500.
🎯 Fibonacci-Based Targets:
TP1 – $123,285 (38.2%): Initial resistance and reaction zone.
TP2 – $126,225 (61.8%): Mid-extension target, aligns with prior swing high zone.
TP3 – $130,983 (100%): Full measured move to the channel top.
SL: Placed just below the 61.8% retracement (~$110,800), protecting against a breakdown of the bullish structure.
BITCOIN DAILY/4HR THE daily trendline and 4hr trendline break out will be watched for forward guidance.
if we break the top layer resistance we buy and target 123k current all time and high and factor the possibility of 135-130k-128k zone for next sell.
And our sell will be on break of steep ascending trendline acting as dynamic support and we will watch 114k and 111.78k zone and further downslide wiill be 90k-100k zone.
zone by zone layer by layer.
the structure of the market is clear ,it will never lie.
trading is 100% probability and you need the mindset of a hunter, dont buy because others are buying.
your risk to reward ratio should be your trade reason.
GOODLUCK
Tesla Roadmap: From $300 Zone to $575Hello traders, here’s my latest analysis on Tesla (TSLA) based on the weekly and daily timeframes. On the weekly chart, I have drawn a downtrend line starting from December 2024, and the recent price action shows a breakout above this line on a weekly close. This breakout is a promising sign that an uptrend may be developing in the medium term.
On the daily chart, we can see a cup & handle pattern forming, which is a bullish continuation structure. However, the daily downtrend drawn from the December 2024 highs remains unbroken, so I will need to see a weekly close above the $332 resistance level to confirm a swing long setup.
My preferred positioning zone for longs is between $300 and $350, using a multi-entry approach to average into the trade. My upside targets are $366, $445, $500, and finally $575. These levels align with inverse Fibonacci projections, with “safety 1” at $360 and “0” at $227, pointing toward the 161, 200, and 261 extensions as key objectives.
For stop-loss placement, patient traders who are willing to hold through volatility may consider a weekly close below $265 as their invalidation point. For faster or more short-term oriented traders, a weekly close below $300 could be used as a tighter stop level. Although I believe it is unlikely for price to drop this far, even if it does, I expect strong buying interest and a potential rebound from the $265 support zone.
Risk management remains crucial for this setup. I recommend not risking more than 10% of your capital, scaling in over multiple entries, and always confirming with your own strategy before committing to the trade. Position sizing and discipline will be key to managing volatility and protecting capital.
NASDAQ:TSLA
VRSK – Bullish Pin Bar at Key Support after Earnings Flush?NASDAQ: VRSK delivered good quarterly results, yet price action showed a sharp flush-down bar breaking below the lower Bollinger Band. Recently, price retested the key previous low level at $262, triggered some small stop-losses, and closed back at $262 with a bullish small pin bar. Double bottom setup on VRSK.
Key factors supporting this level:
1. Flush-down move likely to stop out weak holders.
2. Break below lower Bollinger Band, indicating short-term oversold condition.
3. Stochastic oversold and attempting a bullish cross.
4. Bullish pin bar closing back above support.
EUR/CAD – 93% Traders Are SHORT! Bearish Reversal Brewing?The EUR/CAD pair is currently in a bullish trend, but multiple technical and sentiment signals are pointing toward a possible trend reversal.
🔍 Key Observations:
Trend: Bullish (but losing momentum)
Bearish Divergence: Price making higher highs while RSI indicators show lower highs.
Pattern: Rising Wedge – a classic bearish reversal formation.
Harmonic Analysis: AB=CD pattern is approaching the potential reversal zone (PRZ).
EMA Insight: Price candles have moved across the 20 EMA and 50 EMA, signaling weakening bullish momentum.
Sentiment (Myfxbook.com): 93% of traders are currently short on EUR/CAD — strong crowd bias toward the downside.
📌 Trade Setup:
Bias: Bearish
Strategy: Sell Stop at breakout of previous Higher Low (HL)
Entry Price (EP): Sell Stop @ 1.59755
Stop Loss (SL): 1.60626
Take Profit 1 (TP1): 1.58884 (R:R = 1:1)
Take Profit 2 (TP2): 1.58013 (R:R = 1:2)
Lot Size: 0.15
Risk: $200 | Potential Reward: $200–$300
💡 Trade Execution Plan:
We will enter only after HL breakout confirmation to avoid false moves. This setup aligns Rising Wedge pattern, Bearish Divergence, EMA cross weakness, Harmonic PRZ zone, and bearish sentiment — a powerful confluence for a potential downside move.
📊 Technical Summary:
Combining price action, chart patterns, harmonics, momentum, and trader sentiment gives this short setup high probability.
📢 Your Turn:
What’s your take on this trade? Will the market follow the 93% bearish sentiment, or could this be a trap?
💬 Drop your analysis in the comments, let’s discuss!
👍 Like, 🔁 Share, and Follow for more trade setups & technical breakdowns.
#EURCAD #Forex #ForexTrading #BearishReversal #PriceAction #HarmonicPatterns #TechnicalAnalysis #EMA #Divergence #TradingView #ChartPatterns #SwingTrading #ForexSetups #ABCDPattern #PriceActionTrading #ForexSignals #RisingWedge #1HRTimeFrame #ForexLife #DayTrading #MarketSentiment #Myfxbook
Support & Resistance – Quick Guide In 5 StepsSupport and resistance are key concepts in technical analysis that help traders identify where price is likely to react.
Support acts like a floor — a level where buying interest is strong enough to prevent further declines.
Resistance acts like a ceiling — a level where selling pressure can stop price from rising.
These zones often lead to bounces, reversals, or breakouts, and are used to plan entries, exits, and stop-losses.
How to Identify them:
1. Assess the chart.
2. Identify Swing Points: Look for repeated highs/lows and label them. (Flags)
3. Multiple touches: Highlight the zones with multiple touches. 2+ Touches are stronger.
4. Define: Clearly define the zones. Above is resistance, below is support.
5. Entry: When price makes it way down to support, wait for the reversal. Upon reversal enter on the low time confirmation. Ensure price has failed to break below the support.
Then set TP to the previous High/Resistance zone.
Tips:
Always treat S&R as zones, not exact lines.
Combine with trend, candlestick patterns, or volume for better confluences.
Avoid trading into strong S/R — wait for breaks or retests.
BILL - 6-10 R:R short-term trade opportunity Here is a multi-time frame analysis and trade idea on BILL. The algorithms are indicating a potential short-term reversal and with a few of our confluences and confirmations, we are able to set up a solid trade.
I left out the weekly view because it's not as relevant for this short-term trade idea - but needless to say, we are in a strong downtrend.
As you'll see on the Daily (left chart), we are respecting a tapered white selling algorithm on the buy-side and potentially proving it on the sell-side today. If this is the case, we have the opportunity to take the trade from the bottom of white to at minimum the top of the stronger teal selling channel.
- Trade 1 is offering a 6 R:R (to the top of teal)
- Trade 2 is offering a 10 R:R (to the top of white)
Keep in mind that if we do break out of teal and prove white on the daily time frame, this would be a very bullish indication and potentially leave us for a breakout trade beyond toward the top of the weekly selling channel.
The major confluence that makes this trade viable is the HTF demand zone (indicated by the green box) that we have just tapped into. While the perfect entry would be on a white hold which we had at today's low of $40.60, for further confirmation, we are waiting for a break and 15 Minute close above the demand zone. We will then enter the position and have a tight stop below our white algorithm and low of day.
If you like this type of analysis and trade ideas, let me know in the comments! I typically post longer-form analysis videos which offer more information and give you the ability to find trades on your own. However, I am happy to offer ideas like these when a good opportunity arises
Happy Trading :)
Tesla Stock Gains After Musk Gets $30 Billion Award — What Now?Tesla board is hoping that the pile of shares would be enough to pin down the CEO and lock down his focus. But challenges are there. Here’s one — $30 billion might not be enough to keep Musk around.
💰 $30 Billion Retention Bonus
Tesla stock NASDAQ:TSLA is up about 4% since the start of the week after the board of directors handed Elon Musk a gift-wrapped, legally-contingent $30 billion stock package .
What’s inside? A cool 96 million shares — nearly enough to buy a small country or, at the very least, keep Musk’s wandering focus in the Tesla lane.
In a letter to shareholders, the board didn’t mince words: “We are confident that this award will incentivize Elon to remain at Tesla. Retaining Elon is more important than ever.” Translation: “Please don’t leave, here’s money.”
This isn’t just about stock awards or executive compensation. It’s about bringing back lost focus and whether the most famous CEO on the planet can be convinced to stop juggling a handful of companies and pay full attention (ok, more attention) to the one that’s public, highly volatile, and still kinda trying to figure out self-driving and robotaxis .
🎢 If the Stock Could Talk
The market’s response? Pretty bullish. Traders seem to like the idea of Musk staying inside the Tesla factory gates — or at least not moonlighting in so many side quests.
After all, Elon’s presence — erratic tweets, spontaneous product reveals, and all — is a core part of Tesla’s brand value. The stock has often behaved more like a crypto coin than a traditional automaker.
Musk already owns over 400 million shares, around 13% of Tesla, worth roughly $125 billion. But he’s gunning for more: his long-stated ambition is 25% voting control (equal to $250 billion in shares based on the current $1 trillion market valuation. This new package edges him closer to that goal. If he can’t own a country, a quarter of Tesla might do.
⚖️ A Legal Complication Worth $56 Billion
There’s one tiny footnote here: if Elon wins back his 2018 $56 billion pay package — the one struck down by a Delaware court — he might have to forfeit this new batch.
So yes, Tesla may have just given the richest man in the world a “Plan B” golden parachute. Or a “Plan A” depending on how Delaware judges are feeling when they decide on it.
🤖 AI, Robots, and Attention Deficits
Let’s not forget what lit the fire under this latest move. Back in January, Elon posted on X that he was “uncomfortable growing Tesla to be a leader in AI & robotics” without more control. It was a public shakedown — and apparently it worked.
Tesla’s ambitious AI goals — full self-driving software, Optimus the humanoid robot, and a suite of other sci-fi-sounding visions and promises — are largely tied to Musk’s personal involvement. Investors know that without him, these projects could end up shelved… or sold to xAI, his other pet project and owner of X (former Twitter).
🧮 The Math of Mega-Pay
Tesla says the accounting value of the package — after subtracting what Musk would have to pay to exercise the options and adjusting for restrictions — sits at about $23.7 billion. That's about the GDP of Malta and only slightly smaller than the SEC’s collective headache every time Musk tweets.
In return, Musk has to stick around for five years — or at least not officially leave. The board hopes that’s enough to keep him engaged. But the question is: How much is enough to counteract everything else going on?
The man’s worth $350 billion to $400 billion (depending on volatility) and if he wants to build Martian houses or dig tunnels under Paris, a few billion dollars aren’t going to make a difference.
🔀 A Shifting CEO, A Shaky Business?
It’s not just about Elon’s attention span. Tesla’s business hasn’t exactly been smooth sailing. The EV market is more crowded than ever. Sales are dropping in Europe. Tariff threats are buzzing in the background.
On top of that, it’s the earnings season and the Earnings calendar is hot to the touch. In recent quarters, Elon’s perceived absence from the factories have coincided with slumping revenue and nervous investors.
Add in the fact that Elon just exited the Trump administration after a brief stint and dramatic fallout — yes, that happened — and Tesla investors are understandably hoping for a little more focus in the months ahead. Not to mention his new Washington gig — his “America party” political party .
🚗 Is Tesla Still a Growth Story?
Tesla is still the largest EV maker in the US, but the shine has worn off a bit. The Cybertruck’s still not mainstream, Model 3s are getting old, and margins are being squeezed by global competition and pricing wars.
If Musk is serious about staying and building, this could be Tesla’s opportunity to pivot — from hype-driven volatility to sustained, AI-powered growth. But if not, well... there’s SpaceX. Or xAI. Or Neuralink. Or The Boring Company. Or the next startup he tweets into existence.
Off to you : Do you feel like Tesla is paying Elon to stay interested — or rewarding him for prior (and future?) performance. And is that the way to buy loyalty and dedication? Share your thoughts in the comments!
The Platinum BulletOver the years, I have posted a lot of educational content here on TradingView. Everything from Elliot waves to Wyckoff, psychology to Gann.
I have been lucky as a trader, 25 years doing this you pick up a thing or two. But above everything else, what you realise is that trading is a mindset game and not a technical one.
Many new traders try their luck. They are either experts in another field or simply successful in something else, or they come to the trading arena seeking wealth.
Both tend to get humbled quickly.
It is common for many new traders to put so much emphasis on the strategy, they overlook the psychology. You see, a strategy might work for someone, but you can't get it to work for you. This could simply be the time on the charts you lack, the timeframe or the instrument you are trading. The account balance or the fact you are not used to seeing 3-4 losses in a row.
When it comes to trading, less really is more!
Here's a simple one for you.
Take the mechanical range post I posted.
Now look at this;
On the larger timeframes we can see clearly the ranges and the supply/demand.
Then dropping down to the daily.
This is where, the technical aspect becomes less important and the psychology behind the move shows it's hand.
I have added volume and the AD line just to show how obvious this can be.
What do you see? Well as the price goes up, the volume goes down, we know we took liquidity to the upside.
So, if nothing else you would anticipate a pullback phase.
Then you get the clarity. Price drops and then pushes back, yet fails to make a new high. Almost like the volume told you it was about to happen.
Where did it pull back to?
Adding a simple volume profile too, from the swing high to the swing low. You can see the majority of the sell off (PoC) happened at a specific price point. Price pulled back to exactly that region before dropping.
The drop caused a local change in character and immediately took out the swing low - the last swing low of the leg up. (the real change in the trend).
There is obviously more to cover than this, but that is for another post.
Once you learn the way markets capitalise on the fear, the greed, the herd mindset, sentiment of the retail crowd. You can use the sentiment analysis in your favour.
You don't need 6 screens, fancy indicators, there is no silver bullet or 100% win rate strategies. And no a bot won't make you a Billionaire overnight.
If it was that easy, we would have no doctors, lawyers or firefighters; they would all be professional Bot traders.
Simplify your approach, put emphasis on the proper mindset, psychology and risk management and you will do alright!
Stay safe in the markets!
Some other recent posts;
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principal trader has over 25 years' experience in stocks, ETF's, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Boeing Wave Analysis – 5 August 2025- Boeing reversed from the support zone
- Likely to rise to resistance level 230.00
Boeing recently reversed up from the support zone between the pivotal support level of 217.50 (former top of wave 1 from June) and the lower daily Bollinger Band.
This support zone was further strengthened by the 50% Fibonacci correction of the upward impulse i from June.
Given the clear daily uptrend, Boeing can be expected to rise to the next resistance level 230.00 – the breakout of which can lead to further gains toward 240.00.






















