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BTC Bulls Need to Defend 62,500Hi friends! ☀️ Locally, the situation has stabilized, and Bitcoin is attempting to establish itself above 62,500. I have marked this level as the Decision Zone ❗️❗️❗️ because a successful hold above it could open the door to a relatively quick move toward 64,890. If price fails to hold current levels, however, we will likely see the correction continue toward the 60,000 area. 🔪 At the same time, the bigger picture still looks noticeably weaker. Considering the scale of the decline over the past few months, the bounce from 59,100 to 64,100 has been fairly modest, and the current consolidation looks more like a pause before the next leg down than a true reversal structure. 🧐 To sum it up, 62,500 remains the key level to watch. Holding above it would open the path toward 64,890, but the broader market structure remains weak, and the current recovery still looks more like a corrective bounce than the beginning of a new uptrend. That is why the market's reaction around 62,500 will likely determine the direction of the next major move. Peace! 🌄
COINBASE:BTCUSDShort
by inchartswetrust
2
The Power of Price Compression, Breakouts & Volume Confirmation📚 STWP Learning Series The Power of Price Compression, Breakouts & Volume Confirmation Introduction One of the most common mistakes made by new market participants is focusing only on price movement. A stock rises sharply, and attention immediately follows. However, experienced chart readers often study what happened before the move rather than reacting to what happened after it. The chart discussed here provides an excellent educational example of how price structure, volume participation, and market psychology can work together to create a meaningful shift in market behaviour. This article is intended purely for educational purposes and aims to help traders improve their understanding of chart interpretation. ________________________________________ Understanding Resistance: Why Certain Price Levels Matter In technical analysis, resistance is generally considered a price zone where selling activity has previously emerged. When a stock repeatedly struggles to move above a particular level, market participants begin to recognise that area as an important reference point. Over time, this creates a form of market memory. The longer price remains below such a zone, the more attention market participants tend to give to it. When price eventually moves above that level and sustains itself there, the market may begin reassessing the stock's value and positioning. This transition often attracts additional participation from traders who monitor breakout structures. ________________________________________ The Importance of Price Compression One of the most valuable observations in chart reading is the concept of price compression. Price compression occurs when: Daily price fluctuations begin to reduce. Candlestick ranges become smaller. Volatility contracts. Price trades within a relatively narrow range. From a market perspective, this often reflects a temporary balance between buyers and sellers. Neither side is willing or able to dominate immediately. As this balance continues, energy begins to build within the structure. Eventually, when one side gains control, the resulting move can become significantly stronger than normal. For this reason, many traders pay close attention to periods of prolonged consolidation. ________________________________________ Why Volume Matters Price shows what happened. Volume provides additional context regarding participation. A breakout occurring on average or declining volume may indicate limited market involvement. However, when volume expands meaningfully during a breakout, it suggests broader participation. Higher volume may indicate: Increased trader interest. Greater market attention. Stronger conviction behind the move. Enhanced liquidity. While volume alone cannot predict future price movement, it can help market participants evaluate the strength behind a particular price action event. This is why many experienced traders analyse volume alongside price rather than studying either in isolation. ________________________________________ The Relationship Between Structure and Momentum Strong momentum often does not appear suddenly. Instead, it frequently develops through a sequence of events: Formation of a trading range. Price compression. Repeated testing of resistance. Breakout above the reference zone. Expansion in volume. Momentum continuation. When viewed individually, each event may appear ordinary. When viewed together, they can provide valuable insight into changing market behaviour. This demonstrates why chart reading is often more effective when multiple factors are considered collectively rather than relying on a single indicator. ________________________________________ A Lesson in Market Psychology Perhaps the most important educational takeaway is understanding how market attention changes over time. During consolidation phases, interest is usually limited. News coverage is minimal. Social media discussion remains low. Participation is often restricted to those actively studying the chart. Once a significant breakout occurs, attention increases rapidly. More traders begin noticing the stock. More discussions emerge. Momentum attracts additional momentum. This sequence highlights an important principle: Markets frequently provide subtle signals before they provide obvious signals. Learning to recognise these early structural clues is one of the key skills many successful traders attempt to develop. ________________________________________ Risk Awareness: An Essential Part of Chart Reading While breakouts can be educationally significant, every market structure carries risk. Not all breakouts succeed. Some fail and return below the breakout zone. Others enter prolonged consolidation after the breakout. For this reason, chart analysis should never be viewed as certainty. Technical analysis is a framework for observation, interpretation, and risk management—not prediction. The objective of chart study is not to know the future. The objective is to understand probabilities and improve decision-making. ________________________________________ Conclusion This chart serves as an excellent educational example of three important concepts working together: Price Compression Resistance Breakout Volume Expansion Individually, each concept provides useful information. Together, they help illustrate how market structure can evolve from consolidation to momentum. For learners of technical analysis, studying such examples can be far more valuable than simply observing the final outcome. The real lesson lies not in the large candle that attracts attention. The real lesson lies in understanding the clues that appeared before the move became obvious. ________________________________________ ⚠️ Educational Disclaimer This article is shared solely for educational and informational purposes to explain technical analysis concepts and chart-reading principles. It should not be construed as investment advice, stock recommendation, trading signal, or solicitation to buy or sell any security. Financial markets involve risk, and past price behaviour does not guarantee future results. Readers should conduct their own research and consult a SEBI-registered investment adviser or financial professional before making any investment or trading decisions.
NSE:AEGISLOGEducation
by simpletradewithpatience
AUDUSD Bearish Breakdown Setup | Sellers Taking ControlAUDUSD Bearish Breakdown Setup | Sellers Taking Control 📉 Description: AUDUSD is showing bearish momentum after breaking below a key ascending trendline and failing to reclaim the previous support structure. Price is currently trading under a major resistance area, suggesting continued downside pressure if sellers maintain control. The recent breakdown signals weakness in market structure, with price potentially moving toward lower support zones. 🔹 Key Resistance Zone: 0.7050 – 0.7080 🔹 First Bearish Objective: 0.6900 🔹 Second Bearish Objective: 0.6850 As long as price remains below the resistance zone, bearish momentum may continue building. Watching for confirmation through price action before continuation. This analysis is based on technical structure and market behavior, not financial advice.
KRAKEN:AUDUSD
by LucasCapital_Pro
Learn how Imperfect patterns work: BhartiAirtelMany traders wait for textbook chart patterns, but markets rarely offer perfect setups. This Bharti Airtel chart shows an imperfect Head & Shoulders, often producing strong moves due to uncertainty and volatility. The grey zone beneath the neckline is a cluster of historical order blocks where price may react. Two approaches exist: Conservative - wait for a break and confirmation; Aggressive - use a break and retest as a trigger, focusing on a smaller target. The key is understanding liquidity, order blocks, and price behaviour around them. For educational purposes only, not financial advice.
NSE:BHARTIARTL
by AbsoluteAnalytics
SPY - A Swing Low Was Just SweptSPY Has Given Back Most of the April Rally in Two Weeks. A Swing Low Was Just Swept. Whether that sweep holds or fails is this morning's question. Structural Assessment SOM is reading Impulse Cont. Bear on SPY 1H. 15 primary FVGs alive, 12 touched. The obligation pool built during the April-May rally is being systematically worked. 12 touched against 15 primary means 80 percent of current obligations have been engaged. The market is not ignoring structure on the way down. ACE is GREEN with Q2 neutral. CQI 58.5. Last Ann was Bull CQI 71.22, 156 bars ago. Direction neutral against a bull announcement from 156 bars back. The conviction that was present at the high has fully decayed. IMP is scoring 1/5. NONE mode. WAIT. SwLo Swept: YES. A swing low was taken out. RCZ at 26th pct, ATR at 48th. Neither elevated. Vol Elev at 2nd percentile -- volume has not confirmed the sweep. A swing low sweep without volume is a structural note, not a signal. Anti-signal: clear. The sweep itself is not flagged as a liquidity grab by the stack -- it cleared cleanly. Tactical Cheat Sheet Resistance: 732-733 -- nearest overhead level Key resistance: 737.57-738.47 -- prior FVG cluster base Hard resistance: 741-742 -- dense FVG overhead Current price: 730.63 Support: 728.00 -- intraday structural level Key support: 721.23 -- session Low, thesis line Extended support: 703.07 -- daily obligation cluster SwLo Swept context: The swing low sweep with Vol Elev at 2nd percentile is not a confirmed breakdown. It is a probe. Price tested below the prior low without volume conviction. Two outcomes follow from here: Reclaim path (sweep as liquidity grab): Price reclaims 732 at open with Vol Elev entering IMP scores 1+ with PART mode loading The sweep was a stop run, not a breakdown Target: 737-742 FVG cluster fill Continuation path (sweep as breakdown): Price fails to reclaim 732 on first attempt Vol Elev enters and drives price through 728 IMP loads EXT mode with ATR expanding Target: 721.23 test What the Stack Is Watching The swing low sweep is the event. Volume is the verdict. If volume does not enter at the open to confirm direction, this is noise in a bear structure, not a signal in either direction. RCZ at 26th pct is the watch variable. If it starts climbing toward 60th in the first hour, the participation sub-system is activating. That is when the sweep resolves into a tradeable setup. --- Built with SYNTHESIS v3.3 | SOM / ACE / IMP / SYNTHESIS Study, not financial advice.
AMEX:SPY
by virDeStatera
$VELVET $1.50+ loading… don't say you weren't warned MEXC:VELVETUSDT will tap the demand zone ($0.65 – $0.57) and bounce HARD 💥 After a monster 765% weekly pump, this dip was just a reload 🔄 Demand zone held perfectly on the 1H chart 📊 Supertrend still screaming BULLISH at $0.60 ✅ Trade.xyz integration = fresh catalyst still in play 🔥 Bulls defend this zone → $1.00 is the next stop 🎯 Break above ATH → price discovery, NO resistance above 🚀 This ain't a top. This is a retest before the next leg up 📈 #VELVET #DeFi #Crypto #AltSeason
BITGET:VELVETUSDTLong
by coinpediamarkets
DIVGIITTS | Buy @LTP | Strict SL below 695 | 1st Target 1145********************************************************************* Disclaimer (Please Read Carefully): This is not investment advice. The stocks shared here are purely for educational and informational purposes. Please do your own research or consult with a financial advisor before making any investment decisions. The stock market involves risk, risk, and only risk. To survive in the market, accepting stop-loss with discipline and without hesitation. There is no other way to protect you capital. Any stock I share is either already part of my existing holding or I take a fresh entry at the same level I mention. I always place the stop-loss in my system at the time of buying, and I give the highest importance to stop-loss more than the target. Once the target is achieved, I usually book profit once and then wait for either a retest or a fresh breakout. I buy only on breakouts, never on supports. I also do not sell at resistance levels. That is simply my trading style.
NSE:DIVGIITTSLong
by ProfitLossMereSath
OLAELEC | Buy @LTP | Strict SL below 33 | 1st Target 60Disclaimer (Please Read Carefully): This is not investment advice. The stocks shared here are purely for educational and informational purposes. Please do your own research or consult with a financial advisor before making any investment decisions. The stock market involves risk, risk, and only risk. To survive in the market, accepting stop-loss with discipline and without hesitation. There is no other way to protect you capital. Any stock I share is either already part of my existing holding or I take a fresh entry at the same level I mention. I always place the stop-loss in my system at the time of buying, and I give the highest importance to stop-loss more than the target. Once the target is achieved, I usually book profit once and then wait for either a retest or a fresh breakout. I buy only on breakouts, never on supports. I also do not sell at resistance levels. That is simply my trading style.
NSE:OLAELECLong
by ProfitLossMereSath
Tata Steel Ready for a Short-Term Bull RunDaily Timeframe Analysis Tata Steel is approaching the lower boundary of its rising channel, a zone that has previously acted as strong support. RSI is also near its support trendline, suggesting that selling pressure may be nearing exhaustion. Support Zone: ₹190–₹195 A bounce from this area could trigger the next bullish move. Price is also respecting its key EMAs, adding strength to the support zone: 1st EMA Support: ₹197 2nd EMA Support: ₹187 RSI is also trading near its support trendline, indicating that downside momentum may be weakening and a reversal could be on the cards. Bullish view remains valid as long as the channel support holds .
NSE:TATASTEELLong
by FiveCircles
1
DAX Breakdown Signals Deeper Corrective PhaseDAX is slowing down and now attempting to break the support line of the impulsive channel drawn from the March swing lows, signaling that momentum is fading and a higher-degree correction may be unfolding. The current price action can be interpreted as a potential leading diagonal forming within wave (A), which often appears in early stages of a broader three-wave correction. If this structure is confirmed, we should expect a continued three-wave (A)(B)(C) decline, although a temporary stabilization or corrective bounce in wave (B) is still likely before further downside resumes in wave (C). This would fit a typical corrective sequence where initial weakness is followed by a counter-trend recovery before continuation. On the downside, the first key area of interest lies around the previous wave four support near 23,600. If selling pressure continues, a deeper move toward the 23,170–23,000 region becomes possible, where a major unfilled gap is located. Such gap zones often act as strong reaction areas and could eventually trigger a meaningful rebound once filled. Despite the current weakness, this correction would still be consistent with a larger-degree bullish structure, where the broader expectation remains that the index could retest all-time highs later in the year as part of a higher-degree wave five advance on the daily timeframe.
PEPPERSTONE:GER40
by ew-forecast
1
USDJPY Smart Money Trap: Buy-Side Liquidity Sweep USDJPY is currently trading into a major **4H supply zone** around **160.50 - 160.75**, an area that previously triggered aggressive institutional selling. #### Smart Money Confluence 🔹 **Supply Zone / Bearish Order Block** * Price has returned to a previously unmitigated bearish order block. * This zone caused a significant displacement move lower in the past, making it a high-probability reaction area. 🔹 **Liquidity Draw** * Buy-side liquidity has been resting above recent highs. * Smart money often engineers a sweep of equal highs before reversing. * Current price action suggests liquidity is being collected before a potential markdown phase. 🔹 **Market Structure Context** * While the short-term structure remains bullish, price is approaching a premium area of the current dealing range. * A bearish shift on lower timeframes (1H/15M) would provide confirmation for shorts. 🔹 **Premium Pricing** * Price is trading in the premium portion of the recent swing range. * Institutions generally seek to distribute positions at premium levels before driving price lower. #### Trade Idea 📍 **Entry:** 160.50 – 160.75 Supply Zone 🛑 **Stop Loss:** Above 160.90 (above liquidity and OB invalidation) 🎯 **Target 1:** 159.50 (internal liquidity) 🎯 **Target 2:** 158.20 (4H imbalance fill) 🎯 **Target 3:** 156.30 (discount zone / major demand) #### What I'm Watching ✅ Liquidity sweep above recent highs ✅ Bearish CHoCH (Change of Character) on lower timeframes ✅ Fair Value Gap (FVG) rejection after the sweep ✅ Strong bearish displacement candle confirming institutional selling #### Narrative The market has spent several sessions grinding higher into a known supply area while accumulating buy-side liquidity. If smart money sweeps the highs and delivers a bearish CHoCH, this could initiate a deeper correction toward the 158.00–156.30 range. Until structure breaks, patience is key—let liquidity get taken first. **Bias:** Bearish from premium supply zone 📉 **Invalidation:** Sustained acceptance above 160.90 #USDJPY #Forex #SmartMoneyConcepts #SMC #ICT #PriceAction #Liquidity #OrderBlock #TradingView #ForexTrading #InstitutionalTrading #MarketStructure #FairValueGap #SupplyAndDemand #LiquiditySweep
Short
by FrankAgbo
#BTCUSDT Weekly Overview, possible bottom and cycle top!The market has finally tapped into a major weekly support region, and sentiment has flipped bearish almost overnight. Historically, these are often the conditions that produce sharp relief rallies before the next major move. The $58.5k–$59.2k zone remains the key support area on the weekly timeframe. Price is currently reacting from this region, and as long as weekly candles continue to defend it, a relief bounce toward the $72k–$75k resistance zone remains a realistic scenario. What makes this area interesting is that Bitcoin has already experienced an aggressive downside expansion in a relatively short period of time. Markets rarely move in one direction forever, and after such a rapid sell-off, liquidity above price becomes attractive. A short-term recovery to sweep overhead liquidity would not be surprising. That said, the bigger picture still looks incomplete. The rejection from the weekly moving averages and the failure to reclaim the previous support range suggest that the market may still require one final capitulation event before the next macro uptrend begins. If the current support eventually fails, the **$47k–$50k** region remains the most significant demand zone on the chart and would align with a deeper correction similar to previous cycle retracements. My current expectation: ➡️ Hold $58.5k–$59.2k → Relief rally toward $72k–$75k. ➡️ Rejection from resistance → Another leg lower. ➡️ Final sweep into the $47k–$50k region. ➡️ Macro bottom formation: the current bear market is almost 70% over. ➡️ Expansion phase toward $160k–$172k+ during the next cycle leg. One thing worth noting is that weekly RSI continues to trend lower and has not yet shown a strong bullish divergence. Previous cycle bottoms were usually formed after a period of sideways accumulation and maximum pessimism. We may still be missing that phase. The next few weeks should be crucial. If buyers can reclaim and hold above the weekly resistance cluster around $72k, the bearish thesis weakens considerably. Until then, any bounce should be treated as a relief rally rather than confirmation of a new bull trend. This is simply my interpretation of the chart and market structure. I could be completely wrong. Manage risk accordingly and always do your own research. Please hit the like button if you like it and share your views in the comments. Thank you #PEACE
BINANCE:BTCUSDT
by Cryptorphic
TSLA Bearish Breakdown Setup | Trendline Rejection Signals WeaknTSLA Bearish Breakdown Setup | Trendline Rejection Signals Weakness 📉 Description: TSLA is showing bearish pressure after rejecting a major resistance zone and breaking below the ascending trendline structure. Price failed to sustain bullish momentum, increasing the probability of further downside movement. The recent rejection near resistance highlights seller strength, while current structure suggests a possible continuation toward lower support zones if bearish momentum remains intact. 🔹 Key Resistance Zone: 415 – 423 🔹 First Bearish Objective: 360 🔹 Second Bearish Objective: 340 As long as price trades below the resistance area, downside pressure may continue to dominate. Waiting for confirmation through price action before continuation. This analysis is based on technical structure and market behavior, not financial advice. :::
NASDAQ:TSLAShort
by LucasCapital_Pro
XLM Testing A Familiar Support ZoneBack To A Well-Tested Level • XLM has fallen back to the $0.185 area, a level that has repeatedly acted as both support and resistance since March. • The market is once again testing whether buyers are willing to defend this zone. Recent Rally Fully Retraced • The sharp move to $0.298 has now been almost completely unwound. • Sellers have regained control since the June peak, pushing price back towards the breakout area. Buyers Showing Initial Interest • The recent low at $0.181 has so far attracted buying pressure. • Price has managed to stabilise around support despite the broader market weakness. Resistance Remains Overhead • The most important resistance level sits around $0.218. • A move back above this area would be the first indication that bearish momentum is beginning to fade. Momentum Remains Mixed • RSI is hovering around the neutral 50 level. • StochRSI has moved into oversold territory, suggesting selling momentum may be becoming stretched in the short term. Lower Support Still Visible • Should $0.185 fail to hold, the next notable support zone sits between $0.145 and $0.140. • This area has previously attracted significant buying interest on multiple occasions. Summary XLM has returned to a familiar technical area around $0.185 after completely retracing the recent rally to $0.298. Buyers are beginning to respond, but the recovery remains fragile while price trades beneath resistance at $0.218. Momentum indicators are mixed, with RSI neutral and StochRSI oversold. For now, support is holding and preventing further downside, but a loss of the current level would likely shift attention towards the well-established $0.145-$0.140 support zone below.
BINANCE:XLMUSDT
by DukesMarketAnalysis
A 3-year rise, 1-year fall pattern! A fall this year??? Hello? Nice to meet you, fellow traders. If you "follow" me, you can always get new information quickly. Have a great day today. ------------------------------------ I have been saying since last year that the coin market shows a 3-year rise, 1-year fall pattern, but I have no idea why I thought the rise would last until this year. For more details, please check the ideas in the explanation of the big picture below. Due to a misguided assumption, the following forecast predicting that the "coin market uptrend will begin in July" is problematic and is therefore discarded. I apologize for the confusion. ---------------------------------------- It seems there was confusion as the market failed to close in 2025 with an uptrend rather than an uptrend, following a pattern of 3 years of uptrend followed by 1 year of downtrend. Although it failed to touch the Fibonacci level 2.618 (133889.92), which is near the target point, it showed a pattern of renewing an all-time high (ATH) and then declining in 2025. What we need to consider now is that we must examine at which point or level the market will form a bottom and begin to rise. The critical point was the previous high of 69,000, but since it has fallen below that level, it appears highly likely that it will eventually drop to around 48,189.84 to form a bottom. Let's take a closer look. - Therefore, the bottom is highly likely to form between Section 1 (57,694.27 ~ 61,299.80) and Section 2 (43,823.59 ~ 48,189.84). Consequently, the DOM(-60) or HA-Low indicators will likely be generated as a movement to form a bottom, and if the price shows signs of support near these generated indicators, the bottom will be formed. In this sense, the next period of volatility is expected to be in October (September ~ November). Since a full-scale uptrend is likely to begin when rising above 75,719.90, you must verify whether support is maintained around 75,719.90 during the rise. This is because if it fails to receive support, there is a high probability that it will fall again. - I believe that for an altcoin bull market to begin, it is highly likely to start by breaking upwards above the 89,294.25 point. The reason is that the 89,294.25 point is the location where the price finally broke out of the low-point zone. Therefore, the steps we can take are as follows: 1. Proceed with the first purchase when the price rises after receiving support around 57,694.27 ~ 61,299.89, and 2. Proceed with the second purchase when the price rises after receiving support around 43,823.59 ~ 48,189.84. Then, proceed with the third purchase when the price rises again and shows signs of support above the 57,694.27–61,299.89 level. A full-scale uptrend is highly likely to begin when the price maintains a level above the M-Signal indicator on the 1M chart. Therefore, if the price rises above the M-Signal indicator when the M-Signal indicator on the 1M chart has dropped to the 69,000–73,499.86 range, you may proceed with additional purchases. The final purchase can be made when the price breaks upward above the 89,294.25 point. To continue an uptrend by breaking upward through important points or zones, the following conditions must be met: 1. The StochRSI indicator must show an uptrend without entering the overbought zone. 2. The BSSC indicator must be maintained above the 0 point. 3. The OBV indicator must be maintained above the High Line. If the above conditions are not met, you must adjust your volume as there is a high probability of a reversal to a downtrend. - While the previous prediction that an uptrend would begin in July was incorrect, it is highly likely to end as a rebound. Therefore, I believe whether it ends as a rebound or continues the uptrend ultimately depends on whether support is found at the 89,294.25 level. Consequently, we need to observe whether it shows an upward trend after passing through the period of volatility around July 5th. I apologize once again for the confusion. - Thank you for reading to the end. I wish you successful trading. ------------------------------------------------- - ​​This is an explanation of the big picture. (3-year bull market, 1-year bear market pattern) ------------------------------------------------------
BINANCE:BTCUSDT
by readCrypto
1
GOLD | CPI and Geopolitics Set the Tone for the Next MoveGOLD | CPI and Geopolitics Set the Tone for the Next Move Gold remains highly sensitive to both geopolitical developments and today's U.S. inflation data, which could become the key catalyst for the next major move. The ongoing escalation in the Middle East continues to support higher energy prices, increasing concerns about inflationary pressures. As a result, investors remain cautious that elevated oil prices could force the Federal Reserve to maintain a tighter monetary policy for longer. Markets are now focused on today's CPI report, which is expected at 4.2%. A higher-than-expected reading would likely strengthen the U.S. dollar and reinforce expectations of further rate hikes, creating additional pressure on gold. On the other hand, a softer inflation reading or signs of geopolitical de-escalation could improve sentiment and support a recovery in precious metals. Technically The price remains under pressure while trading around the key pivot zone at 4,176. A CPI reading above 4.2% could support a continuation of the bearish trend toward 4,128. A break below 4,128 would expose the next downside targets at 4,080 and 4,022. However, if inflation comes in below expectations or geopolitical tensions begin to ease, buyers could regain control and push the market toward 4,192. A breakout above 4,192 would support a recovery toward 4,207 and 4,253. Previoius idea
OANDA:XAUUSDShort
by SroshMayi
Nifty levels - Jun 12, 2026Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located below the chart. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
XAUUSD Short: Bounce Under Pressure - Is 4,250$ Next Target?Hello traders! Here’s my technical outlook based on the current XAUUSD (3H) chart structure. XAUUSD previously traded inside an ascending channel and reached a major pivot point near the upper boundary. After losing bullish momentum, price broke below channel support and entered a descending channel. Currently, XAUUSD is trading below the 4,410 supply zone while holding above the 4,250 demand zone. Following a strong bearish breakout from the descending channel, price found support near demand and is attempting a short-term recovery. As long as XAUUSD remains below the 4,410 supply zone and continues to respect the bearish market structure, the bearish scenario remains valid. A rejection from current levels could push price back toward the 4,250 demand zone (TP1). Manage your risk!
FOREXCOM:XAUUSDShort
by heniitrading
32