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Harmonic Patterns

$BNB Rejection at Resistance – Pullback or Rebound?BINANCE:BNBUSDT Rejection at Resistance – Pullback or Rebound? BNB's 1H facing bearish rejection off resistance ~1,020 after brief push, now testing support at 970—hold here targets retest of 1,000, but breakdown risks dip to 950 amid low volume. Bullish structure intact longer-term. Key indicators: RSI dipping to 40 (bounce zone), 50MA flattening, MACD bearish divergence. Watch closely! 📉🔍 #BNB #BinanceCoin #AltcoinPioneers
by AltcoinPiooners
$BTC.D Dominance Dip Signals Alt Rally?CRYPTOCAP:BTC.D Dominance Dip Signals Alt Rally? BTC Dominance trending bearish on 1H, testing key support at 59.6% after sharp pullback from 60.5% highs—holding here could spark rebound to resistance, but risk of deeper dip to 58.5% if breached, fueling altcoin surge. Bullish for alts overall! Target: 58% on breakdown. Watching: RSI at 35 (oversold bounce potential), declining 50MA, low volume. 📉🚀 #BTCDominance #Altseason #CryptoMarkets
CRYPTOCAP:BTC.D
by AltcoinPiooners
Gold has shaken off its drop and is back on a run!Based on the recent price action, Gold established a new all-time high before undergoing a significant corrective decline of approximately $4,000. From a technical perspective, this sell-off has found a firm footing at a critical juncture. The price has not only stabilized at a prior resistance level—which has now transitioned into a robust support zone—but this level also coincides perfectly with the completion point of a bullish Gartley pattern. This harmonic pattern, often signaling a potential reversal, suggests the recent downturn may be exhausted. The convergence of these two technical indicators—the strong support-resistance flip and the validated Gartley structure—presents a compelling case for a long entry at the current levels. Consequently, the strategy is to initiate a long position targeting an upward move towards the $4,100 mark, as the technical setup implies a high probability of a renewed bullish impulse.
TVC:GOLDLong
by KalaGhazi
$BABATechnical Outlook for NYSE:BABA : Navigating Key Levels After a Strong Rally NYSE:BABA has demonstrated significant strength over the past several months, establishing a well-defined and respected upward trendline on its chart. This consistent pattern of higher lows indicates sustained bullish momentum and has been the foundational support for the rally. The key to determining the next major directional move lies in observing how the price interacts with critical Fibonacci retracement levels, drawn from the stock's previous significant swing low to its recent high. Key Support Levels to Monitor: Our primary support levels, derived from the Fibonacci sequence, are: First Support (0.382 Fib): $144.52 - This is the most immediate and crucial level. A bounce here would suggest the underlying bullish trend remains intact, with the momentum merely pausing. Second Support (0.5 Fib): $129.65 - This level represents a halfway retracement of the recent upswing and is a common area for buyers to re-enter. Major Support (0.618 Fib): $114.78 - A deeper retracement to this level would signal a stronger pullback but would still keep the primary bullish structure alive from a classical technical perspective. Critical Scenario for a Trend Reversal: The most immediate threat to the current bullish structure would be a decisive break below the $144.52 level. Such a move would accomplish two technically significant events simultaneously: It would breach the 0.382 Fibonacci support. It would likely break the upward trendline that has guided the stock higher for months. A confirmed break below this confluence of supports would be a strong indicator that the uptrend has exhausted itself in the short term, opening the door for a more pronounced downtrend. In this scenario, the market would then likely target the next supports at $129.65 and $114.78. Ultimate Major Support: Beyond the Fibonacci levels, the psychological and technical $100 mark stands as the ultimate major support. A decline to this level would represent a full retracement of the recent bullish wave and would be a critical make-or-break zone for the long-term outlook of the stock.
NYSE:BABALong
by KalaGhazi
BTC Poised for Breakout or Pullback?BINANCE:BTCUSDT Poised for Breakout or Pullback? BTC's current trend remains bullish on the 1H chart, firmly holding the key support at ~101.5k amid recent volatility. We're testing resistance around 106.6k— a clean breakout here could spark a rally to 110k. However, watch for a deeper dip to 102k if volume fades and we slip below support. Key indicators: RSI hovering near 60 (room to run), rising 50MA, and MACD bullish crossover. Stay tuned! 🚀📈 #BTC #CryptoTrading #AltcoinPioneers
by AltcoinPiooners
$ORCLExecutive Summary: Oracle Corporation ( NYSE:ORCL ) has experienced a significant bearish catalyst following its earnings report on Tuesday, September 9th, leading to a pronounced breakdown of its previous technical structure. The violation of a key Bull Flag pattern has invalidated the prior consolidation's bullish implications and suggests a new near-term downtrend is now in force. In this context, our strategy shifts to identifying strategic support levels for potential capital allocation once the selling pressure subsides. Key Fibonacci retracement levels at $205.61 and $167.52 provide initial targets, while the major psychological support at $200.00 presents a high-conviction buying zone where long-term value and technical support are expected to converge. Detailed Technical Breakdown: 1. The Catalytic Event and Pattern Breakdown: The bearish gap down and subsequent sell-off post-earnings on September 9th represent a fundamental shift in market sentiment. This event acted as the decisive catalyst that shattered the technical picture. Bull Flag Failure: The pattern that was previously interpreted as a Bull Flag—a typically bullish continuation signal—has now been conclusively broken to the downside. Instead of pausing before a move higher, the pattern has failed, indicating that the underlying supply (sellers) has overwhelmed demand (buyers). This breakdown signals that the path of least resistance has shifted downward, and the pattern's prior support level has now become a new resistance zone. 2. Revised Support Framework and Downside Targets: Given the newly established downtrend, we utilize Fibonacci retracement levels of the stock's major prior upward swing to identify logical areas where the decline may find footing and buyer interest may return. Initial Support (Shallow Retracement): 61.8% Fibonacci Level at $205.61 This level, known as the "Golden Ratio," is a deep but common retracement zone in a strong stock. A hold here would suggest that the long-term uptrend remains structurally sound despite the recent earnings-driven setback. However, given the magnitude of the breakdown, a mere bounce at this level may be temporary. Secondary Support (Deep Retracement): 78.6% Fibonacci Level at $167.52 A retracement to this depth would indicate a more severe correction is underway, potentially shaking out weaker hands. While this suggests greater near-term weakness, it also represents a more significant "washout" level that could create a powerful long-term base and a higher-risk, higher-reward entry point. 3. The High-Conviction Value Zone: The $200.00 Psychological Support Beyond the Fibonacci calculations, the $200.00 threshold stands as a critical major support. This round number carries immense psychological weight and often serves as a magnet for price action and a focal point for institutional buyers. The convergence of this major psychological level with the deep 61.8% Fibonacci retracement in the $205-$200 range creates a high-probability zone for a substantial buyer response. Strategic Outlook & Scenario Planning: Bearish Scenario (Immediate): The near-term momentum is bearish. Rallies are likely to be sold into, with the broken Bull Flag pattern (now resistance) capping any upward movements. The initial downside target is the $205.61 support zone. Accumulation Scenario (Strategic): Our primary interest lies in the $205-$200 support band. A stabilization and reversal from this area, particularly on bullish volume patterns, would signal that the corrective phase may be complete and offer a compelling opportunity to establish or add to a position. A further decline toward the $167.52 level would represent a steeper de-valuation but would require a reassessment of the fundamental thesis. In conclusion, while the breakdown is unequivocally bearish in the short term, it is also creating a potential value opportunity. The strategy is to exercise patience, allowing the sell-off to exhaust itself near the key technical and psychological supports at $205-$200, where the risk-reward profile becomes increasingly favorable for a strategic long-term entry.
NYSE:ORCLLong
by KalaGhazi
Bitcoin - This chart is crumbling!⛔️Bitcoin ( CRYPTO:BTCUSD ) creates a massive top: 🔎Analysis summary: All the previous cycles on Bitcoin have been lasting about 1,000 days. And exactly three years ago, Bitcoin retested the previous all time high, starting the next bullrun. If we soon see bearish confirmation on Bitcoin, this crypto will lead to another insane bloodbath. 📝Levels to watch: $100,000 and $50,000 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
CRYPTO:BTCUSDShort
by SwingTraderPhilTV
66
$ASMLExecutive Summary: ASML ( NASDAQ:ASML ) is exhibiting a compelling technical picture defined by a period of consolidation within a larger bullish structure. The chart has formed a clear Double Top pattern followed by a Double Bottom, signaling a battle between buyers and sellers that has now resolved to the upside. This sequence, coupled with the recent formation and subsequent breakout from a Bull Flag pattern, indicates a resurgence of bullish momentum. Our analysis confirms a renewed upward trajectory, with key Fibonacci retracement levels at $966.54 and $892.39 established as critical support zones for any future pullbacks. Detailed Technical Breakdown: 1. Pattern Evolution: From Consolidation to Breakout The recent price action can be interpreted as a cohesive, multi-stage pattern signaling a healthy consolidation before a continuation of the primary uptrend: Phase 1: Distribution & Testing (Double Top): The initial formation of a Double Top pattern near the highs represented a period of distribution and failed breakout attempts. This pattern indicated that selling pressure was sufficient to halt the advance at a specific resistance level, leading to a subsequent decline. In this context, it served as the distribution phase within the larger consolidation. Phase 2: Accumulation & Base-Building (Double Bottom): The decline from the Double Top's neckline found firm support, forming a Double Bottom pattern. This is a classic reversal indicator, demonstrating that buyers were aggressively defending a specific price level and that the selling pressure from the Double Top had been exhausted. This pattern represented the successful test of a major support level and the accumulation phase. Phase 3: Bull Flag & Momentum Renewal: Following the Double Bottom's confirmation, the price ascended into a Bull Flag pattern—a tight, downward-sloping consolidation characterized by declining volume. This pattern is typically a pause in a strong uptrend, reflecting a brief period of profit-taking before the next leg higher. The recent breakout above the flag's upper boundary signals the conclusion of this consolidation and the resumption of the dominant bullish trend. 2. Hierarchical Support Framework: In the context of this renewed uptrend, the following Fibonacci retracement levels (derived from the most significant prior upward move) provide a structured roadmap for potential pullbacks, offering strategic entry points: Primary Support (Shallow Pullback): 23.6% Level at $966.54 A retracement to this level would represent a minimal and healthy withdrawal within a strong trend. A bounce from this zone would signify potent underlying momentum and would be the most bullish of the potential pullback scenarios, suggesting a swift continuation toward higher highs. Secondary & Major Support (Moderate Correction): 38.2% Level at $892.39 A deeper pullback to the $892.39 level would constitute a more significant test of buyer conviction. This level, known as the "shallow retracement," is a common area for institutional re-entry. While indicating greater near-term weakness than a test of the 23.6% level, a successful hold here would reaffirm the overall bullish structure and present a high-value opportunity for capital allocation. 3. Strategic Outlook and Price Projection: The confluence of the Double Bottom reversal and the Bull Flag breakout provides a high-confidence bullish signal. The pattern's resolution suggests that the consolidation period has effectively recharged momentum for the next advance. Implication: The path of least resistance is now firmly to the upside. The breakout from the Bull Flag projects a measured move target that is typically equivalent to the length of the preceding "flagpole," which points to a significant upward projection (a specific target can be calculated by adding the flagpole's height to the breakout point). Strategy: The tactical approach is to view any pullback as a potential buying opportunity within the larger bullish trend. The identified Fibonacci levels at $966.54 and $892.39 serve as defined zones for strategic entry. A decisive break below the deeper $892 support, however, would necessitate a re-evaluation of the immediate bullish thesis, suggesting a broader correction may be underway.
NASDAQ:ASMLLong
by KalaGhazi
UK100 DOUBLE TOPHey awesome traders! Hope you’re snagging pips. FTSE just printed a clean Double Top—first peak near 9,790, second swing failed beneath it, and price is hovering under the short EL ~9,739.7. This puts sellers in control if we confirm below the neckline. Key Levels Peaks: 9,788–9,790 Short EL: 9,739.7 Mid level: 9,679.8 (0.5) Neckline / Trendline break: 9,571.2 200-SMA: 9,488.3 Measured move T1: ~9,355.7 Trading Plan Aggressive short: Fade the second top / EL 9,739–9,745 on bearish rejection (engulfing/pin). Stop: above 9,795 (beyond tops). TPs: 9,680 → 9,571 → 9,488 → 9,355. Conservative short (confirmation): Wait for a 4H close below 9,571, then sell the retest as resistance. Invalidation: sustained reclaim back above 9,571, or especially above 9,740–9,790.
CAPITALCOM:UK100Short
by TradeChartPatternsLikeThePros
1
$AVGOExecutive Summary: A significant technical development is underway for Broadcom Inc. ( NASDAQ:AVGO ). Beginning around Monday, April 7th, the stock has shown early signs of a potential trend reversal, characterized by the formation of a new ascending trendline. This bullish structure is consolidating within what appears to be a Symmetrical Triangle pattern, a classic formation that typically resolves in the direction of the preceding trend. The immediate resistance to monitor is the $340 level. A decisive breakout above this ceiling could trigger a powerful upward move, projecting a medium-term price target of $400. Key support levels are established at $330 and more critically at $300, which would act as the final defensive line should the pattern fail. Detailed Technical Breakdown: 1. Emergence of a New Bullish Structure: The price action observed from April 7th onwards is critically important as it marks a departure from previous consolidation. The formation of a higher low series, connected by a rising trendline, indicates that buyer demand is becoming more aggressive at successively higher prices. This ascending support line forms the lower boundary of the current technical setup and is the primary evidence for a strengthening short-term bullish bias. 2. The Symmetrical Triangle Pattern: The price action is currently contained within the converging bounds of the ascending support line and a descending or flat resistance line near $340. This creates a Symmetrical Triangle pattern, which represents a period of indecision where the forces of supply and demand are nearly in equilibrium. Implication: This pattern is a continuation pattern, meaning it typically pauses a larger trend (in this case, the long-term uptrend) before resolving with a breakout. The coiling action builds energy, often leading to a significant price move upon exit. Trigger: The trigger for a bullish move is a decisive breakout above the $340 resistance level, confirmed by a strong bullish candle and, ideally, an increase in trading volume. 3. Critical Price Levels: Support and Resistance: Resistance: The $340 level is the immediate technical hurdle. A sustained break above this, especially on high volume, is the required catalyst to validate the bullish thesis and signal the next leg up. Support: Primary Support ($330): This is the dynamic support offered by the ascending trendline. A bounce from this level reinforces the bullish structure. Major Support ($300): This is a crucial psychological and static support level. A breach below the ascending trendline would invalidate the current bullish pattern, and a fall to $300 would represent a much deeper correction. This level must hold to prevent a more significant bearish reversal. 4. Projected Target and Strategic Outlook: The measuring technique for a Symmetrical Triangle involves calculating the height of the pattern's widest part and projecting that distance upward from the point of breakout. Price Target: A successful breakout above $340 projects a move towards the $400 zone. This objective aligns with both the technical measurement and the round-number psychological resistance, making it a credible and significant target. Strategy: The tactical approach is to monitor the price action around the $340 resistance. A confirmed breakout offers a potential long entry with an initial profit target at $400. Stop-loss orders should be placed strategically, ideally below the ascending trendline (near $330) or more conservatively below the $300 major support, depending on risk tolerance. The integrity of the ascending trendline from April 7th is key to maintaining this optimistic outlook. monday 7th april ascending trend formed for $TSM. the support zones are 0.236 (269.38) and 0.382 (243.56). our target price is 320. we can see if the trend breaks, it may land on one of our supports. reparaphase this and make it longer please Of course. Here is a refined and expanded technical analysis of Taiwan Semiconductor Manufacturing Company ( NYSE:TSM ), building upon your initial observations. Technical Analysis: Taiwan Semiconductor Manufacturing Company ( NYSE:TSM ) Executive Summary: A significant technical development emerged for Taiwan Semiconductor Manufacturing Company ( NYSE:TSM ) around Monday, April 7th, with the establishment of a new, clearly defined ascending trend. This bullish structure suggests a resurgence of buyer confidence and positions the stock for a potential continuation of its upward trajectory. Our analysis identifies two key Fibonacci-based support levels that should provide buying interest on any pullback, while the primary upside target is projected at the $320.00 level. The integrity of the newly formed trendline is paramount; a breach would likely trigger a retracement towards the identified support zones, offering strategic entry points for capital allocation. Detailed Technical Breakdown: 1. Emergence of a Bullish Trend Structure: The price action beginning on or around Monday, April 7th, marks a pivotal shift for TSM. The formation of a consistent series of higher lows and higher highs has given rise to a definitive ascending trendline. This trendline now acts as a dynamic support level, illustrating that demand is overwhelming supply at progressively higher prices. This pattern is the foundational evidence for a positive near-to-medium-term bias, indicating that the momentum has shifted in favor of the bulls. 2. Hierarchical Support Framework: In the event of a near-term pullback, we have delineated two critical support tiers derived from Fibonacci retracement levels of a relevant prior upward move. These zones represent high-probability areas where buyers are expected to re-enter the market. Primary Support (Shallow Pullback): 23.6% Fibonacci Level at $269.38 A retracement to this level would constitute a shallow and healthy correction within a strong uptrend. A successful bounce from the $269 zone would signal underlying strength and likely serve as a launching point for a resumption of the move toward our target. This is the preferred and strongest support scenario. Secondary Support (Moderate Correction): 38.2% Fibonacci Level at $243.56 A deeper pullback to the $243.56 area would indicate a more pronounced correction but would still remain within the normal bounds of a bull market. The 38.2% Fibonacci level, or "shallow retracement," is a classic level for institutional accumulation. While a test of this support suggests greater near-term weakness, it would also present a potentially higher-value entry point for long-term investors. 3. Price Projection and Strategic Outlook: Upside Target: $320.00 The $320.00 price target is established as the next significant technical and psychological objective. This projection is based on a combination of factors, including measured move targets from the recent consolidation breakout and the identification of prior resistance levels. A successful ascent to this level would validate the strength of the current ascending trend. Strategic Scenario Planning: Bullish Scenario (Trend Holds): The price respects the ascending trendline from April 7th and uses it as a springboard to continue its advance. The path of least resistance remains upward, with pullbacks being shallow and brief, ultimately targeting $320. Consolidation/Correction Scenario (Trend Breaks): If the stock fails to maintain its momentum and breaks below the dynamic ascending support, a deliberate retracement towards the Fibonacci support levels at $269.38 and potentially $243.56 becomes the base case. This would not necessarily invalidate the broader bullish thesis but would instead offer strategic opportunities to build a position at more favorable prices within the context of the larger uptrend. In conclusion, the nascent ascending trend provides a clear and optimistic framework for TSM. Traders and investors should monitor the dynamic trendline support for continuation signals, while viewing any breakdown not as a failure, but as a potential gateway to acquire shares at key value-based support levels on the path toward the ultimate $320 target.
NYSE:TSMLong
by KalaGhazi
$AVGOExecutive Summary: A significant technical development is underway for Broadcom Inc. ( NASDAQ:AVGO ). Beginning around Monday, April 7th, the stock has shown early signs of a potential trend reversal, characterized by the formation of a new ascending trendline. This bullish structure is consolidating within what appears to be a Symmetrical Triangle pattern, a classic formation that typically resolves in the direction of the preceding trend. The immediate resistance to monitor is the $340 level. A decisive breakout above this ceiling could trigger a powerful upward move, projecting a medium-term price target of $400. Key support levels are established at $330 and more critically at $300, which would act as the final defensive line should the pattern fail. Detailed Technical Breakdown: 1. Emergence of a New Bullish Structure: The price action observed from April 7th onwards is critically important as it marks a departure from previous consolidation. The formation of a higher low series, connected by a rising trendline, indicates that buyer demand is becoming more aggressive at successively higher prices. This ascending support line forms the lower boundary of the current technical setup and is the primary evidence for a strengthening short-term bullish bias. 2. The Symmetrical Triangle Pattern: The price action is currently contained within the converging bounds of the ascending support line and a descending or flat resistance line near $340. This creates a Symmetrical Triangle pattern, which represents a period of indecision where the forces of supply and demand are nearly in equilibrium. Implication: This pattern is a continuation pattern, meaning it typically pauses a larger trend (in this case, the long-term uptrend) before resolving with a breakout. The coiling action builds energy, often leading to a significant price move upon exit. Trigger: The trigger for a bullish move is a decisive breakout above the $340 resistance level, confirmed by a strong bullish candle and, ideally, an increase in trading volume. 3. Critical Price Levels: Support and Resistance: Resistance: The $340 level is the immediate technical hurdle. A sustained break above this, especially on high volume, is the required catalyst to validate the bullish thesis and signal the next leg up. Support: Primary Support ($330): This is the dynamic support offered by the ascending trendline. A bounce from this level reinforces the bullish structure. Major Support ($300): This is a crucial psychological and static support level. A breach below the ascending trendline would invalidate the current bullish pattern, and a fall to $300 would represent a much deeper correction. This level must hold to prevent a more significant bearish reversal. 4. Projected Target and Strategic Outlook: The measuring technique for a Symmetrical Triangle involves calculating the height of the pattern's widest part and projecting that distance upward from the point of breakout. Price Target: A successful breakout above $340 projects a move towards the $400 zone. This objective aligns with both the technical measurement and the round-number psychological resistance, making it a credible and significant target. Strategy: The tactical approach is to monitor the price action around the $340 resistance. A confirmed breakout offers a potential long entry with an initial profit target at $400. Stop-loss orders should be placed strategically, ideally below the ascending trendline (near $330) or more conservatively below the $300 major support, depending on risk tolerance. The integrity of the ascending trendline from April 7th is key to maintaining this optimistic outlook.
NASDAQ:AVGOLong
by KalaGhazi
GOLD: Buy on pullbacksFrom the 4-hour chart perspective, attention should currently be paid to the short-term resistance zone around 4115-4123 above, with key focus on the critical resistance level around 4145. In the short term, watch the support zone around 4060-4068, and pay key attention to the previous low support zone around 4030-4035. For trading operations, I still recommend prioritizing buying on pullbacks. At mid-range levels, it’s advisable to mostly observe and refrain from action, be cautious of chasing trades, and patiently wait for key levels to enter positions. Buy 4070 - 4080 SL 4030 TP 4100 - 4110 - 4120 Sell 4120 - 4110 SL 4130 TP 4090 - 4080 - 4070
FOREXCOM:XAUUSDLong
by KingArthur_
$NVDA NVIDIA CORPORATIONExecutive Summary: NVIDIA Corporation ( NASDAQ:NVDA ) has demonstrated remarkable resilience and sustained growth over multiple market cycles, consistently defending its leadership position despite intense competition within the semiconductor and AI sectors. This analysis outlines a structured, multi-layered support framework derived from Fibonacci retracement theory, which identifies strategic price levels for potential entry. Our primary area of interest converges around the $150.00 psychological level, which aligns with a key Fibonacci midpoint and is anticipated to serve as a robust zone for buyer participation. Detailed Technical Framework: 1. A History of Defending Its Turf: NVDA's impressive performance is not merely a function of bullish markets but a testament to its fundamental dominance, particularly in the parallel processing and AI revolutions. The company has repeatedly validated its market strength by navigating competitive threats and leveraging its technological moat, which in turn has created a foundation of strong investor confidence. This fundamental strength is often mirrored in its technical charts, where pullbacks are frequently met with aggressive buying at key value areas. 2. The Fibonacci Support Ladder: A Tiered Defense System By applying Fibonacci retracement levels to a significant prior upward swing, we can map a hierarchy of potential support zones. These levels do not operate in isolation but represent a cascading series of defenses where buyers have historically stepped in. Our analysis identifies the following critical tiers, from shallowest to deepest: First Line of Defense (Shallow Pullback): 23.6% Level ($182.53): This level represents a mild, healthy pullback. A hold here would signify exceptionally strong momentum and would likely be a continuation pattern rather than a deep correction. Secondary Support Zone (Moderate Correction): 38.2% Level ($164.02): A retracement to this level indicates a more pronounced correction but remains within the bounds of a strong uptrend. This is a common level for institutions to begin accumulating positions. 50.0% Level ($149.39): The halfway point of the prior major move is a critical psychological and technical battleground. A successful bounce from this level suggests the overall bull trend remains intact and that market sentiment has found a balance. Tertiary & Deep Value Zones (Significant Correction): 61.8% Level ($134.58): Known as the "Golden Ratio," this is a deep retracement that often holds in volatile but fundamentally sound assets. A test of this level would indicate a major correction is underway, presenting a higher-risk but potentially high-reward entry point for long-term believers. 78.6% Level ($113.49): This is a deep, rarely-tested retracement level. A move to this zone would signal a severe market downturn or a fundamental reassessment of the stock, but it would also represent a potentially profound long-term value opportunity. The Ultimate Major Support: The $100.00 Psychological Level: Beyond the Fibonacci structure, the triple-digit benchmark at $100.00 stands as a monumental psychological and technical support. It represents a round number that often attracts immense buying interest and would be considered a "line in the sand" for the long-term thesis. 3. Primary Strategic Interest & Risk Management: While the Fibonacci ladder provides multiple potential entry points, our primary area of strategic interest converges around the $150.00 level. This is not a single price point but a zone encompassing the 50% Fibonacci level at $149.39. The rationale for favoring this zone is twofold: Technical Significance: It is a classic "value area" in a strong trend, offering a favorable balance of potential upside and managed risk. Psychological Strength: The $150 level is a major round number that is easy for the market to identify and act upon. A decisive reversal at or near this $150 zone, confirmed by bullish price action (e.g., hammer candlesticks, increased volume on up-days), would provide a strong signal for capital deployment. As with any investment, this thesis requires disciplined risk management; a sustained break below the deeper supports, particularly the $134.58 (61.8%) level, would necessitate a re-evaluation of the near-term bullish outlook.
NASDAQ:NVDALong
by KalaGhazi
Crude oil: Consolidating sideways in the short term.Crude oil prices once hit a low not seen in over two weeks. In early trading on Monday, prices remained below the psychological threshold of $60 per barrel. Therefore, bullish traders should exercise caution before going long and adopt a prudent approach to positioning in anticipation of any substantial upward movement. Crude oil is oscillating within a range in the short term. Prices have repeatedly crossed the moving average system, with the short-term objective trend direction being sideways consolidation. The MACD indicator is hovering around the zero line, reflecting a stalemate between bullish and bearish momentum. With oil prices trading in the middle of the range in early trading, it is expected that intraday crude oil movement will remain within the range, and a range-bound trading strategy is recommended. Buy 58.8 - 59.3 SL 58.3 TP 59.8 - 60.3 - 61 Sell 60.4 - 61 SL 61.5 TP 59.1 - 58.5
TVC:USOIL
by KingArthur_
SAZEW - PSX - Technical AnalysisOn daily TF, after a phenomenal bull run, SAZEW has retraced Fib 25%. Anchored Volume Profile has been used to identify the area of maximum participation (Volume). Since Fib 30% and Fib 38% also coinciding with a big participation, therefore, it should test 1730 and then 1670. If price continues to go down then it will test Fib 55% to 60% zone. Technically correct and very safe buying in expected bull run is 2075. However, buying at discounted level of 1645 or 1485~1500 are also very good. However, buying at nearest support of 1720 may be a risky affair. Although RSI suggest a small hidden bullish divergence which might take prices a bit up till 1890 where exists a strong resistance as well. Therefore, risking for mere 5% gain is not logical.
PSX:SAZEWLong
by Golden_Spur