GBPJPY: Double Top Signals Potential Trend ReversalGBPJPY: Double Top Signals Potential Trend Reversal
GBPJPY is showing clear signs of exhaustion after an extended bullish move, with a well-defined Double Top pattern forming near the recent highs.
Price was rejected twice from the same resistance zone, indicating strong selling pressure and weakening bullish momentum. Following the second rejection, the pair broke below the short-term support area, confirming bearish movement.
From a technical perspective:
The double top highlights a possible trend reversal
Bearish continuation could target 208.60, followed by 206.90, and potentially 204.65 if selling pressure accelerates
From a fundamental angle, JPY remains highly sensitive to Bank of Japan commentary and intervention risk, while GBP strength has started to fade after an aggressive rally. Any renewed risk-off sentiment or BOJ signals could further support downside continuation.
You may find more details in the chart.
Thank you and good luck! 🍀
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XAU/USD: Uptrend Still Alive — Do You Agree?Hello traders, by combining the current news backdrop with the H1 chart, I still assess that XAU/USD is trading within a clear and well-controlled uptrend.
Do you agree with this view?
To explain this bullish outlook, starting with the fundamental side , gold continues to be supported by expectations that the Fed will maintain a cautious stance. Real yields are not creating meaningful pressure , while safe-haven demand remains quietly present . This keeps capital flowing into the market, and there is currently no reason for the BUY side to step aside in the short term.
From a technical perspective, price is moving cleanly within an ascending channel. After a strong breakout, the market pulled back to retest the immediate support zone around 5,150 — an area where the rising trendline and dynamic support converge. The way price reacts here confirms that buyers remain proactive , and that the pullback is technical in nature rather than a sign of distribution.
Therefore, as long as price continues to hold above this support area, the bullish structure remains intact. In a favorable scenario, after a brief consolidation phase, price has a solid basis to extend the uptrend toward the 5,350 area, in line with the momentum of the primary trend.
Thank you for reading, and wish you all successful trading!
What is the final price level for gold this January?1️⃣ Trendline
Main trend: STRONG UP
Price is moving within a steep ascending channel (blue channel).
The Higher High – Higher Low structure remains clearly intact.
The recent rally was an accelerated breakout move, showing buyers are in control.
👉 Currently, price is in the upper half of the channel, meaning the market is strong but prone to a short-term technical pullback.
2️⃣ Resistance
🔵 5,700 – 5,702:
A strong resistance zone (top of the channel + supply area above).
If price reaches this zone, profit-taking and strong volatility are likely.
📌 Bullish continuation scenario:
A clear break and close above 5,700 is needed to confirm continuation toward higher price levels.
3️⃣ Support
🟢 5,500 – 5,502:
Nearest support, the consolidation zone before the recent breakout.
If this level holds → short-term uptrend remains strong.
🟢 5,448 – 5,450:
Strong support (pullback low + bottom of the consolidation range).
This is a zone where strong buying pressure may appear if price corrects deeper.
4️⃣ Quick Summary
The main trend remains UPTREND.
Price is near a volatile area → it’s safer to wait for a pullback to support to buy rather than chasing at high levels.
A break below 5,445 would be the first clear sign of weakness in the current bullish move.
Trading Plan
BUY GOLD: 5,500 – 5,502
Stop Loss: 5,510
Take Profit: 100 – 300 – 500 pips
BUY GOLD: 5,448 – 5,450
Stop Loss: 5,440
Take Profit: 100 – 300 – 500 pips
LTCUSD (Weekly) – Bearish Harmonic Extension, $10 Is PlausibleWhy $10 Is Technically Reasonable
1. Weekly Market Structure
Multi-year lower highs, lower lows
No sustained weekly close above prior range highs
Every rally is corrective, not impulsive
2. Macro Support Vacuum
Below ~$50, there is no meaningful volume node
Historical trading range collapses → fast price discovery
Next real acceptance zone is $10–$15 (2017–2018 base)
3. Fib & Range Context
0.886 retrace of the entire 2017–2021 impulse ≈ $12–$15
Full mean reversion of crypto bear cycles historically hits 90–95% drawdown
$10 fits that statistical profile
4. Relative Weakness
LTC underperforms BTC and ETH consistently
No narrative bid, no dominance expansion
Weak assets get over-punished in risk-off cycles
What This Means in Practice
Longs are speculative only, not positional
Any bounce before $10–$15 is countertrend
Best trades are:
Sell rallies
Short failed weekly supports
Stay flat until capitulation prints
Invalidation (Be Honest Here)
This bearish thesis fails only if:
Weekly structure breaks above $110
Strong impulsive expansion with volume (not a wick)
Until then, downside risk dominates.
Bottom Line
You’re not being dramatic — this is what deep bear market structure looks like.
If D is still projecting lower, then Litecoin is not bottoming — it’s bleeding toward final capitulation, and $10 is a technically sound destination.
Gold 15m | Compression Before ExpansionGold is currently consolidating after a strong impulsive rally, forming a contracting triangle on the 15-minute timeframe .
This structure appears after aggressive upside displacement, suggesting price is pausing to rebalance liquidity before the next expansion , rather than signaling an immediate trend reversal.
Technical Context (15m)
Strong bullish impulse precedes the consolidation
Lower highs vs higher lows → clear volatility compression
No structural breakdown so far; buyers are still defending higher lows
This behavior favors continuation unless invalidated
Bullish Scenario – Breakout Play
A clean breakout and acceptance above the triangle’s upper trendline
Opens the door for upside expansion toward the marked blue target (~5,788 area)
Fits classic post-impulse continuation behavior
Aligned with broader bullish sentiment and momentum-driven extensions in gold
Bearish / Invalidation Scenario
Failure to break higher followed by a decisive breakdown below the triangle
Strong bearish displacement would invalidate the bullish continuation idea
Could trigger a deeper pullback toward prior consolidation or imbalance zones
Key Takeaway
This is a compression phase, not a reversal by default
Direction will be defined by which side expands with acceptance
Patience is key — price is loading, not random
GOLD DAILY CHART LONG RANGE ROUTE MAPHey everyone,
Please see our Daily chart route map and trade idea with the updated axis levels above and a new Goldturn channel.
We currently have a long range gap at 5030 axis. A break above this level will open 5198 AXIS level.
If instead we see a rejection at this level, this would open 4794 inline with the channel half line where we expect a reaction. A further close below 4794 would open 4586, which is a stronger level of structure support level aligning with the channel floor.
This is the beauty of our Goldturn channels, which we draw in our unique way, using averages rather than price. This enables us to identify fake-outs and breakouts clearly, as minimal noise in the way our channels are drawn.
We will use our smaller timeframe analysis on the 1H and 4H chart to buy dips from the weighted Goldturns for 30 to 40 pips clean. Ranging markets are perfectly suited for this type of trading, instead of trying to hold longer positions and getting chopped up in the swings up and down in the range.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up using our smaller timeframe ideas.
Our long term bias is Bullish and therefore we look forward to drops from rejections, which allows us to continue to use our smaller timeframes to buy dips using our levels and setups.
Buying dips allows us to safely manage any swings rather then chasing the bull from the top.
Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Elise | XAUUSD – 30M | Bullish ContinuationOANDA:XAUUSD
After the impulsive upside move, XAUUSD entered a healthy consolidation phase. The pullback into demand was met with support, suggesting this move is corrective rather than distributive. As long as price holds above the demand zone, the bullish continuation scenario remains valid.
Key Scenarios
✅ Bullish Case 🚀 → Hold above 4,995
🎯 Target 1: 5,135
🎯 Target 2: 5,220
❌ Bearish Invalidation 📉 → Sustained breakdown below 4,995 would weaken bullish structure.
Current Levels to Watch
Resistance 🔴: 5,135 – 5,160
Support 🟢: 4,995 – 5,015
⚠️ Disclaimer: This analysis is for educational and informational purposes only. It is not financial advice. Please conduct your own research before trading.
Bitcoin to crash 70% in 2026 to $35k? - January 2026This chart is so simple it should be illegal. Influencers push out super-cycle nonsense while the chart screams the most obvious return of gravity.
Two oscillators at the bottom of the above 1 month chart:
RSI
RSI closes below 54 on the monthly (red circles). If the month of January closes as is below 54, then the next 700 days will be a grand nothing burger. 2 years of zip. Look left, this time is not different. Influencers will still publish daily videos “Black rock is buying”.
Stochastic RSI
Here we see momentum crossing down 20 (Green circles) for the first time since January 2021. Each and every event throughout Bitcoin’s history saw 70% corrections at a minimum, 90% corrections at the maximum. A 70% correction could be conservative, with a forecast to $37k and 90% as low as $12k.
Is this time different?
No. Come on, seriously? How for gone are you?
Will I short?
No. I never short any market, there’s never any need to do that. Only long what is oversold and beaten down. And right now it’s Christmas come early as 99% of the market chase shinny objects. Me? I'm chasing 0.01% that's about to explode on ideas already published and yet so few have commented on.
Ww
==========================================
Disclaimer
Right. Listen up, you desperate, hopeful goblins. Before you read this and immediately sell your kids’ shoes to bet on a Bitcoin crash because some bloke on the internet drew some red circles… a word.
This isn’t financial advice. It’s not even good advice. It’s a chart with some lines and circles I made while avoiding proper work. Treat it with the same respect you’d give a horoscope written by a drunk pigeon.
I am a moron. Seriously, I tried to short Gold at $2k, din't you read the comments? I’m a stranger with a drawing tool. My greatest financial achievement this year was finding a 10 cent coin in the laundromat. Do not model your life on my squiggles. You wouldn’t let me perform surgery on you with a spoon, so don’t let me perform surgery on your portfolio with a stochastic RSI.
I Won’t Short It. I said I won’t short. Know why? Because I’m a coward. Or wise. It’s the same thing. So if it moons and you shorted because of me, you’re not only poorer, you’re also braver than I am. And bravery in finance is just a pretty word for “stupidity.”
In summary: This is for entertainment. If you lose all your money, you can’t have my 20 cents.
Lingrid | XRPUSDT Bearish Setup at Key Resistance AreaBINANCE:XRPUSDT remains capped below the key resistance, with the latest rebound failing to reclaim the broken structure and forming a clear lower high. Price is compressing beneath the channel border while upside attempts continue to lose strength, suggesting demand is thinning rather than expanding. The current bounce looks corrective within a broader bearish context, not the start of a trend reversal.
If sellers continue to control the 1.90–1.91 supply zone, price could rotate lower toward the 1.841 level initially, with a deeper slide potentially extending toward lower support area where prior demand briefly stepped in. Momentum favors downside continuation unless structure changes decisively.
➡️ Primary scenario: rejection from 1.90–1.91 → decline toward 1.841.
⚠️ Risk scenario: a sustained close above the descending trendline may invalidate the bearish setup and open room for a higher recovery.
When Fear Returns, Gold Speaks AgainHello everyone,
After many years of following and trading gold through crises, geopolitical tensions, and major shifts in monetary policy, I have always viewed gold as a barometer of market psychology. And what the H4 chart of XAUUSD is showing right now feels very familiar: fear is starting to outweigh confidence, and safe-haven flows are returning to where they naturally belong.
This is not a purely technical rally. The price structure suggests gold is advancing within a clearly supportive macro backdrop. On the H4 timeframe, the uptrend maintains a healthy slope, pullbacks remain shallow, and dips are quickly absorbed. EMA 34 and EMA 89 are positioned neatly below price, expanding and sloping upward — a classic signature of a strong market where price no longer feels the need to revisit deep equilibrium zones. Gold is currently trading around 5,220–5,230, at fresh highs, yet there are no meaningful signs of distribution so far.
What makes this move particularly noteworthy is the story behind it. Gold is rising exactly in line with its traditional role — as a measure of fear. Geopolitical concerns, monetary policy uncertainty, and broader instability are pushing investors toward defense. When gold rallies on safe-haven demand, trends rarely reverse quickly, because this is the behavior of large capital reallocations rather than short-term emotional flows.
The policy backdrop further reinforces this dynamic. The Fed, along with several major central banks, has shifted into a cautious stance, deliberately avoiding firm commitments. Holding rates steady while political and macro pressures intensify places markets in a prolonged “waiting mode” — an environment where gold typically thrives. At the same time, the U.S. dollar has weakened notably, with DXY falling to multi-month lows, driven not only by rate expectations but also by policy considerations and volatility in the Japanese yen. When USD weakness stems from policy factors rather than pure growth optimism, its impact on gold tends to be swift and pronounced.
From my perspective, this keeps the broader picture intact: gold is not just moving higher — it is being repriced in response to risk, uncertainty, and shifting confidence. And as long as fear continues to quietly build beneath the surface, gold is likely to keep speaking louder than many other assets.
What’s your take — do you see this as the early stage of a deeper repricing, or simply another strong leg within an already extended trend?
GOLD In Range Now , Buy And Sell Working , 1000 Pips Waiting !Here is m y opinion on GOLD On 15 Mins T.F , We have a Good movement , and we have a new upside wave now and we have a good res @ 5595.00 so we can sell Gold from it as scalping and 5485.00 will be the best place for Buy cuz the price broke it and retest it and give us a good bullish price action , and the main direction still very bullish and any short setup it`s a scalping setup to collect some pips and then continue to the main direction .
The range between 5595.00 to 5485.00 will be the best place for Sell as a scalping and buy as main direction and if we have a 4 closure above 5595.00 we will enter another buy trade to continue this wave to upside And if we have a 4H Closure below 5485.00 we will enter another sell trade , now the price near selling area so we can wait the price to retest the res area and then enter a sell trade and targeting 5485.00 and when the price touch it and give us a good bullish P.A , we can enter a buy trade and targeting 5595.00 , It`s All Depend On Price action , if we have a daily closure below our support then the price will go down more and more after huge movement to upside .
Entry Reasons :
1- Highest Level The Price Touch It
2- Broken Res
3- New Support Created .
4- Clear Price Action .
5- Clear Support & Res .
6- Price Range Cleared .
GOLD Price Update – Clean & Clear ExplanationGold is currently respecting an ascending trendline, showing overall bullish structure. Price has reacted strongly from the demand zone near 5045, creating a higher low and pushing back toward resistance.
Technical Overview
Depend on the price closes above 5105, buying momentum may accelerate toward the upper resistance zone around 5125–5150. This area is marked as the primary target for longs Failure to hold above the trendline and rejection from resistance may lead to a pullback toward:
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XAG/USD – A Market That Refuses to Go LowerThere is one thing that stands out very clearly on XAG/USD right now:
the market has absolutely no intention of moving lower.
The news flow is quiet, with no major shocks — and paradoxically, that is exactly what favors the BUY side. The Fed is not hawkish enough to choke precious metals, real yields are failing to create pressure , and defensive sentiment remains quietly present beneath the surface.
For silver, the narrative is even stronger than gold: it is both a safe-haven asset and an industrial metal. Capital inflows are not speculative hit-and-run trades — this is hold, push, and accumulate behavior.
Looking at the chart, price is clearly advancing within a clean and steep ascending channel. Every pullback is disciplined and controlled — p rice taps the lower trendline and immediately reacts upward. No panic, no aggressive sell-offs.
This is a textbook sign that smart money is in control, not a market driven by FOMO.
Ichimoku may only be playing a supporting role here — but it is an extremely reliable one. Price is firmly above the cloud, the cloud itself is sloping upward, and the distance between price and the cloud confirms that bullish momentum still has room to run. There are no signs of exhaustion or distribution at this stage.
The 112.7 zone is not a level to fear — it is a trend-validation boundary. As long as price holds above this area, every retracement should be viewed as an opportunity for the market to reload. And once momentum is fully rebuilt, a move toward 124.3 becomes a matter of time, not doubt.
GBPUSD Consolidation Bullish remains validGBPUSD is moving in a clear bullish trend. Price has been respecting an ascending trendline, which indicates strong buying interest from lower levels. After a strong impulsive move upward, the market entered a consolidation phase, forming higher lows while staying above trend support — a healthy sign in an uptrend.
Currently, price is pulling back toward the rising trendline, which acts as dynamic support. This pullback looks corrective rather than bearish, suggesting buyers are still in control. As long as price holds above this support zone, the bullish structure remains valid then upside target will be 1.38608 to 1.38212
Bullish continuation is favoured while price remains above the ascending trendline. A strong bullish reaction from support could trigger the next upward leg toward the marked resistance zones.
You may find more details in the chart,
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis thanks for Supporting.
USDJPY H4 | Bearish ContinuationThe price has rejected off our sell entry level at 154.04, which is a pullback resistance that is slightly above the 23.6% Fibonacci retracement.
Our stop loss is set at 155.20, which is a pullback resistance that is slightly above the 38.2% Fibonacci retracement.
Our take profit is set at 151.66, which is a swing low support.
High Risk Investment Warning
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Order Block Theory: Trading Institutional FootprintsStop drawing random trendlines. Banks do not look at your diagonal lines. Banks trade based on Liquidity and Equilibrium.
If you want to trade like a relentless machine in 2026, you must learn to spot the "Footprints" that institutions leave on the chart. These footprints are called Order Blocks (OB).
Today, we are moving beyond "Support and Resistance" and entering the world of Smart Money Concepts (SMC).
1. What is an Order Block?
When a massive institution (like BlackRock or a central bank) wants to buy $100 Million of Bitcoin, they cannot just click "Buy." It would spike the price instantly, giving them a terrible entry.
Instead, they manipulate the price.
They Sell heavily to drive the price down into a liquidity zone (inducing panic sellers).
They absorb all that panic selling with their massive Buy orders.
The price explodes upward.
The Footprint: That final "Sell Candle" before the explosion is the Bullish Order Block. It represents the institutional point of interest.
2. How to Identify a Valid OB
Not every candle is an Order Block. A valid OB must meet three criteria:
Violence: The move away from the candle must be explosive. It should leave behind a "Fair Value Gap" (FVG) or Imbalance (a gap where price moved too fast).
Break of Structure (BOS): The move must break a previous High (for bullish) or Low (for bearish). This proves the institutions are in control.
Unmitigated: The price has not returned to this level yet.
How to Spot Valid and Invalid Order Blocks
Not every order block is worth trading. Some levels look good on the chart but fail quickly when price comes back. Common signs of a weak or fake order block include:
*Price didn’t move away clearly after the block formed
*No push beyond a nearby high or low before the move
*The zone has already been tested or traded through (mitigation block)
*Price returns and moves straight through with little or no reaction
*The move looks slow or messy instead of clean and decisive
Bullish Order Block
A bullish order block is a price area where buying showed up just before a strong move up. It often appears near the end of a downward move, close to the last bearish candle before price starts rising.
When price comes back to this area, it may slow down or bounce, which is why traders often see it as a potential support zone.
Bullish OB: The last Red Candle (Down) before a violent Green Move (Up).
Bearish Order Block
A bearish order block is a price area where selling showed up just before a strong move down. It usually forms near the end of an upward move, close to the last bullish candle before price starts falling.
Bearish OB: The last Green Candle (Up) before a violent Red Move (Down).
3. The "Cheat Code": How to Spot Them Automatically
If you are new to SMC, your eyes might trick you. It can be difficult to distinguish between a "random candle" and a "valid institutional footprint."
To solve this, I personally use a specialized tool to filter out the noise:
Tool: Tuffy SMC OB Indicator (by TuffyCalls).
Why it works: It automatically highlights only the Order Blocks that have caused a Break of Structure (BOS), saving you hours of chart time. You can find it in the public library or check my profile for the setup.
4. The "Mitigation" Strategy (Why Price Comes Back)
This is the secret sauce. Why does Bitcoin often crash, touch a specific line to the dollar, and then skyrocket?
The Logic: Remember step 1? The Bank Sold to drive the price down before they Bought. This means they still have Short Positions open that are technically in a loss as the price rockets up.
They must bring the price back down to their Order Block to close those Short positions at Breakeven before they let the price fly to the moon. This process is called Mitigation.
Your Trade:
Entry: You place your Limit Buy Order at the Top (Open) of the Bullish Order Block.
Stop Loss: Just below the Bottom (Wick) of the Order Block.
Target: The next major liquidity pool (previous high).
Conclusion
Trading Order Blocks requires patience. You are no longer chasing green candles; you are acting like a sniper, waiting for the price to come to you.
Retail traders chase the pump.
Smart Money waits for the retest.
Draw the block (or let the Tuffy SMC indicator draw it for you), set the alert, and wait for the footprint.
Gold Rush 2.0 $8K by June !?!? Gold Rush 2.0 – History Doesn’t Repeat, But It Rhymes
The first Gold rush (2000–2011) took ~10 years to play out.
Price moved roughly +654%, then did what markets always do after euphoria:
45% retracement over the next 5–6 years.
Fast forward.
Technically, Gold Rush 2.0 started around 2016.
We’re now roughly 10 years into the cycle.
If history rhymes (not repeats), the math points to something interesting:
• A similar expansion would put gold somewhere around $7.5k–$8k around June
• Followed by a deep corrective phase back toward the $4k zone 😱
Does that mean it has to happen?
Of course not.
But ignoring long-term structure and human behaviour has never worked either.
Why this cycle feels different (or maybe not):
• Central banks quietly stacking gold at record pace
• Fiat currency debasement becoming “normal policy”
• Debt levels that mathematically can’t be paid back
• De-dollarisation whispers getting louder every year
• Wars, instability, and trust erosion in institutions
Gold doesn’t move because of headlines.
It moves because confidence erodes slowly… then all at once.
Not saying buy.
Not saying sell.
Just zooming out, connecting dots, and respecting one thing markets never lost: Cycles driven by human psychology.
History doesn’t repeat… but it has an uncanny habit of whispering clues to those willing to listen.
Food for thought.
Nothing more.
Just don't HOLD!!
God bless you all!!
Gold was bought at 5240, awaiting the interest rate decision.
Gold, after surging to 5311, has pulled back and is currently trading at 5256; before today's Federal Reserve interest rate decision, it is expected to consolidate, maintaining a bullish bias with some fluctuations; short-term support is at 5240, strong support at 5230-5220; short-term resistance is at 5260-5270, strong resistance at 5284, a break above this level would target 5296-5311;
In terms of trading strategy, it is recommended to buy above 5240, any changes will be notified during the trading session;
The price of gold once again hit a new historical record today, reaching 5311. However, before the Federal Reserve's interest rate decision on Thursday, market sentiment has turned cautious. Although it is widely expected that interest rates will remain unchanged, the "hawkish hold" stance may still put short-term pressure on the current overheated bullish sentiment, and the pullback in gold prices from the high is related to this.
From a technical perspective, there is a divergence in short-term bullish and bearish forces:
The consecutive bearish candles on the 1-hour chart reflect a slowdown in upward momentum, and the shooting star pattern on the 4-hour chart further signals a potential stall in the rally. However, in the overall bull market, such technical patterns should be considered as a correction phase in the upward trend, rather than a signal of trend reversal. The trading strategy should continue to follow the trend, treating the price pullback to important support areas as an opportunity to build long positions.
SPX500 | Hits 7,000 as Big Tech Earnings Fuel Risk AppetiteSPX500 | Tags 7,000 as Big Tech Earnings Reignite Risk Appetite
The S&P 500 touched the 7,000 level for the first time, as investors embraced risk amid a heavy flow of big tech earnings. Strong results from Microsoft and Meta, despite elevated AI spending, reinforced confidence in growth, while Tesla gained even after reporting its first annual revenue decline.
Markets largely looked past recent Greenland-related geopolitical jitters, returning focus to earnings momentum. While round numbers often attract headline-driven flows and profit-taking, breaking above them typically signals underlying confidence, even if follow-through takes time.
Technical Outlook
The bullish structure remains intact as long as price trades above the 6988 pivot.
Holding above 6988 supports a continuation toward 7020, with further upside potential toward 7050, marking a new all-time high zone.
A move below 6988 would trigger a short-term pullback toward 6972.
Further downside below 6972 would open the way for a deeper correction toward 6941.
Key Levels
• Pivot: 6988
• Support: 6972 – 6941
• Resistance: 7020 – 7050
Natural Gas - Back to a Key AreaNatural Gas is now retesting the gap, and this is happening right on top of a strong weekly support. That combination matters.
When price comes back to fill a gap and sits on higher-timeframe support, it usually turns into a decision point rather than a random bounce.
As long as this weekly support holds, the plan is clear:
👉 we’ll be looking for longs, patiently, with confirmation.
If buyers defend this zone, upside continuation becomes the higher-probability scenario.
If not, then we step aside and reassess. Simple.
Let the level do the work. 👀📈
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Nasdaq At Perfect Area For Sell , Don`t Miss 500 Pips !Here is My 8H NASDAQ Chart , and here is my opinion , we again @ 26200.00 With 4H Candle , first time this area forced the price to respect it and moved very good to downside more than 2300 Pips , now the price trying to retest this area again , i hope we can sell from the same area and targeting 150 : 400 pips , and we all know that this area are very strong and will push the price to downside even if we have any fake breakout , the price will go down again and give us at least 200 pips ,so we can sell now and targeting from 150 to 350 pips or if you want to be more safe you can wait if the price go up a little and then enter when the price touch the high area again . if we have a daily closure above this area this mean this idea will not be valid anymore .
Reasons To Enter :
1- Perfect First Touch For The Area .
2- Clear Bearish Price Action .
3- Bigger T.F Giving Good Bearish P.A .
4- Over Bought .
5- Perfect 30 Mins Closure .
6- Old Res






















