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EURUSD – 1H | Demand Zone Retest & Trendline WatchFOREXCOM:EURUSD Structure | Trend | Key Reaction Zones EURUSD is consolidating after a rejection from 1.1682 resistance. Price is holding above the 1.1610–1.1620 demand zone, which acted as a previous bullish base. Short-term descending trendline is capping upside. Market Overview The pair attempted a bullish channel previously but faced strong rejection at resistance levels. Currently, it is retesting the demand zone, and buyers need to defend it to sustain any recovery. Bears will dominate if the zone breaks. Key Scenarios ✅ Bullish Case 🚀 → Hold above 1.1610 support → upside targets 🎯 1.1651 → 🎯 1.1666 → 🎯 1.1682. ❌ Bearish Case 📉 → Break below 1.1610 could expose 🎯 1.1575 downside. Current Levels to Watch Resistance 🔴: 1.1651 / 1.1666 / 1.1682 Support 🟢: 1.1629 / 1.1610 / 1.1575 ⚠️ Disclaimer: For educational purposes only. Not financial advice.
Long
by PEAKALPHAFXMARKETS
Silver (XAGUSD)– 15m | Descending Trendline & Demand BaseFOREXCOM:XAGUSD Structure | Trend | Key Reaction Zones Silver is trading under a descending trendline, with price rejecting from the 41.44 high. Multiple demand bases at 40.40–40.52 continue to act as support. Sellers are showing control after liquidity grabs at highs. Market Overview Price has been consolidating within a falling channel, with sellers pressing at each rally. Demand zones are still respected, but a decisive break below 40.40 could open further downside. Breakout above the descending trendline would flip sentiment bullish again. Key Scenarios ✅ Bullish Case 🚀 → Bounce from 40.40–40.52 demand base could push Silver toward 🎯 40.87 and 🎯 41.06. ❌ Bearish Case 📉 → Break below 40.40 exposes 🎯 40.12 as the downside target. Current Levels to Watch Resistance 🔴: 40.87 / 41.06 / 41.23 Support 🟢: 40.52 / 40.40 / 40.12 ⚠️ Disclaimer: For educational purposes only. Not financial advice.
TVC:SILVERLong
by PEAKALPHAFXMARKETS
CHFJPY: Bullish Accumulation is Over 🇨🇭🇯🇵 It looks like CHFJPY finally completed a bullish accumulation within a horizontal range on a daily. Its resistance breakout and a formation of a new local higher high higher close is an important event. I believe that the market will grow more and reach 185.4 level soon. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
JBLU: Breakthrough and growth potentialAn analysis of JetBlue Airways (JBLU) shares on the daily chart indicates the formation of a bullish pattern with a clear breakout of the resistance level. After consolidation and a rebound from significant support levels, the price broke through the upper boundary of the descending triangle, which is confirmed by an increase in trading volume. This breakout opens the way to a target level around $6.95, which corresponds to the 1.618 Fibonacci extension. Technical analysis indicators also confirm the strengthening of the bullish momentum, pointing to favorable prospects for further growth. We expect the upward movement to continue, with the previous resistance zone acting as a key support level after the breakout. Given the current dynamics and technical signals, JBLU shares are of interest to investors seeking medium-term profits.
NASDAQ:JBLULong
by TotoshkaTrades
EURUSD (1H) – Pullback Into Demand Zone, Key Decision AheadFOREXCOM:EURUSD Structure | Trend | Key Reaction Zones Price recently broke out of a rising channel, retracing sharply back into the demand zone (1.1610 – 1.1630). The structure still holds higher lows (HL) but faces resistance near 1.1680. Market Overview After strong bullish momentum towards 1.1740, EURUSD rejected at major resistance and is now consolidating lower. The demand zone will act as a make-or-break level. A bounce may confirm bullish continuation, while a breakdown could extend bearish momentum. Key Scenarios ✅ Bullish Case 🚀 → 🎯 Target 1: 1.1680 🎯 Target 2: 1.1720 🎯 Extended: 1.1743 ❌ Bearish Case 📉 → 🎯 Downside Target 1: 1.1610 🎯 Downside Target 2: 1.1580 🎯 Extended: 1.1574 Current Levels to Watch Resistance 🔴: 1.1680 – 1.1720 Support 🟢: 1.1630 – 1.1610 ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
Long
by PEAKALPHAFXMARKETS
USDJPY – Range Breakout Potential?The summer months can often lead to ranges forming for certain FX markets, as traders take their well-earned breaks and news flow or events lack the impetus to see moves extend in any one direction. That has certainly been the case for USDJPY, which after a brief bout of volatility, when the popular currency pair moved from a low of 145.85 on July 24th to a high of 150.91 on August 1st, has traded in a range between 146.00 and 149.00 for the last 4 weeks. However, it can also be true that the start of September is a time when FX volatility starts to increase again, with traders back from holidays and ready to put new risk into the market. This can lead to range extremes being tested and, if broken, can see momentum build in the direction of the break, especially if there are specific scheduled data points or events unfolding in real time that traders may want to digest and then react to. Again, in the case of USDJPY there could be some potential for either side of the 146-149 range to be tested in the next 2 weeks. As an example, traders may be waiting on the outcome of a lawsuit brought by Fed Governor Cook regarding her potential sacking by President Trump. This political challenge to the independence of the Federal Reserve has seen the dollar come under pressure at the end of August. A decision from the presiding judge could come as soon as this afternoon. Also, important this week could be US employment data, given that Fed Chairman Powell suggested at Jackson Hole that the health of the labour market may now be a greater concern impacting whether the US central bank decides to cut interest rates at their meeting on September 17th. There are 3 US labour market updates to consider this week, starting with the JOLTs Job Openings release at 1500 BST on Wednesday, this is followed by the ADP Private Sector Payrolls update at 1315 BST on Thursday, ending with the pivotal Non-farm Payrolls on Friday at 1330 BST. With traders leaning towards a 25bps (0.25%) cut from the Fed in September, any deviation from market expectations could see outsized moves for USDJPY into the weekend. When considering trading a range or even trading a potential breakout it can be helpful to consider the technical outlook to support your decision making. Watching the Sideways Range Build Since the sharp sell-off on August 1st, USDJPY has entered a choppy sideways phase of price activity, reflecting a more balanced market with no clear dominance from buyers or sellers. As shown in the chart above, USDJPY remains range-bound between 146.21 (August 14th low) and 148.78 (August 22nd high). While these levels hold on a closing basis, the sideways range may persist for an extended period. With USDJPY remaining range-bound between 146.21 and 148.78, no conclusive resolution is evident yet, meaning the timing of a breakout is uncertain, but increased volatility during September might well prompt a shift in the balance. So, let’s consider where the next potential support or resistance levels may stand, if such a test of the range extremes or even a breakout develops Potential Resistance Levels: We've identified 148.78 (August 22nd high) as the potential initial resistance focus for USDJPY. A close above this level may lead to a more extended phase of price strength. A close above 148.78 could shift the outlook for USDJPY towards higher levels. As shown in the chart above, the next resistance might then stand at 149.19 (July 16th high). If this level is also breached on a closing basis, further upside could open scope to 151.66, which is the 61.8% Fibonacci retracement of the 2025 sell-off. Potential Support Levels: To the downside, 146.21 (August 14th low) marks the lower boundary of the current range. A close below this level could signal the emergence of further downside momentum. A close below 146.21 may trigger a more extended phase of weakness in USDJPY, with the next support potentially being seen at 145.35 (50% retracement of the April 22nd to July 16th rally). If this level was to be broken, then a test of 144.06 (61.8% retracement) could be possible if the weakness persists. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
Is ETH on its way to a new ATH? ETH not long ago made a new ATH right at the top of the rising channel before stating to head back down again. Price is now getting close to hitting a horizontal weakly resistance level, and also the support level in the rising channel. I think in around the next week or so price of ETH will go down to where the horizontal resistance level and the support of the channel both intersect before making a new ATH. Possible support level: $4,150-$4,050 Possible ATH amount: $5,500-$5,600 or more
Long
by tonytruda
Gold – Breaking Out or Faking Out to Start September?Gold has been trading in a 3250-3450 range since the middle of May, but events last week saw prices test and close right at the top of that range on Friday. The drivers impacting this push higher in Gold, which could remain in play for traders in the first week of September, were numerous. These included President Trump’s on-going challenge of Federal Reserve independence with the attempted firing of Governor Cook, Russia demanding more to achieve progress towards a ceasefire to the war in Ukraine, as well as stubborn US inflation (PCE Index last Friday) and resilient economic data at a time when the Federal Reserve are expected to cut interest rates at their next meeting on September 17th. Early trading on Monday has now seen price strength extend, leading to a range breakout (more on this in technical update below) as traders react to news released late on Friday that a US appeals court ruled President Trump's reciprocal tariffs illegal. While the ruling, released after the markets closed, left the tariffs in place ahead of a final showdown at the US Supreme Court, the uncertainty this potentially provides regarding President Trump’s approach to foreign policy has seen Gold prices touch a 4 month high of 3490 (at time of writing 0800 BST). Looking forward, this week is stacked full of risk events that could lead to an increase in Gold price volatility, including important US economic data, with the ISM Manufacturing (Tuesday) and Services (Thursday) PMI survey readings and then the all-important Non-farm payrolls release on Friday. All of which could impact the expectations of traders for a Fed rate cut later in the month. It could be a busy start to September! Technical Update: Range Breakout? Since mid-May 2025, Gold had adopted a more balanced tone, forming a sideways trading range in price activity. This range was defined by the June 16th high at 3451 and the 3246 lows recorded on May 29th and June 30th. However, as the chart above shows, the latest price strength, which has extended so far this morning, is seeing breaks above the 3451 June 16th high, reflecting possibilities of a breakout to the upside in Gold prices. The key question now is whether this breakout from the range is confirmed on a closing basis leading to possibilities of a further phase of price strength, or weakness develops over the balance of Monday’s session, to see a prices settle back under the 3451 level. . While it is impossible to predict if an upside breakout from a sideways range will be confirmed or not, a close above the resistance is required to suggest such possibilities. In the case of Gold, confirmation of this morning’s breakout would require a close above the 3451 resistance level. It should be remembered, a breakout in either direction from a sideways range, may lead to an acceleration in price movement, due to what’s called the supply and demand vacuum. Supply and demand vacuums form when traders become impatient waiting for their orders to trigger above a resistance or below a support of the on-going range. This impatience can lead them to adjust their orders, lowering sell orders to just below resistance or raising buy orders to just above support. When traders shift orders into the range, raising bids above support or lowering offers below resistance, it can reinforce the strength of those levels and prolong the range. However, this also creates price zones just above and below the range with few active orders left. If a breakout occurs, the lack of immediate liquidity can lead to a sharp price acceleration until the next cluster of buy orders (on the downside) or sell orders (on the upside) are reached. A reason for this morning’s initial acceleration higher in the price of Gold after the break above 3451, may be due to a supply vacuum above the resistance level. However, tonight’s closing level could also be an important focus for traders. While not a guarantee of further strength, a close above the 3451 resistance may be seen by traders as a positive move, potentially paving the way for further gains in Gold. A close above the 3451 resistance could signal a move toward the April 22nd all-time high at 3500. If breached, the next resistance may then be 3648, marked by the 38.2% Fibonacci extension. For downside risks to re-emerge, which could suggest this morning’s move higher may be a false break of the 3451 resistance, traders could now be focusing on 3420, which is equal to the 38.2% Fibonacci retracement of latest price strength. A close below this 3420 support, if seen, could trigger further weakness, potentially to retest 3380, the deeper 61.8% retracement, even then the August 20th low at 3311. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:XAUUSD
by Pepperstone
4
ETH 1H Analysis – Key Triggers Ahead | Day 8💀 Hey , how's it going ? Come over here — Satoshi got something for you ! ⏰ We’re analyzing ETH on the 4-hour timeframe timeframe . 🔭 On the 1-hour timeframe of Ethereum, we can see that after a correction, Ethereum was supported at the $4263 area and moved upward. It had a resistance at the $4341 level which, after breaking and completing a pullback, pushed towards its next higher resistance. Currently, it is in a 1-hour or 15-minute multi-timeframe range, and with a breakout from this pattern, it can give us a trade opportunity. ⛏ Key RSI levels are at 70 and 55. If the fluctuation limit crosses these numbers, Ethereum can have significant volatility and start a new trend. 💰 The volume and number of green candles have increased, and their size also looks bigger. This can be a sign of Ethereum’s bias, showing that buyers are more willing to spend money compared to sellers. The volume and number of red candles have decreased, and they don’t create much selling pressure, although the market is currently in a holiday period. 🪙🪙 On the 1-hour ETHBTC timeframe, after breaking out of its box, Ethereum moved upward and also had a pullback to this box. Now there is resistance at the 0.04145 area, and with a breakout of this level, Ethereum can continue moving upward. 🔔 The alert zones considered for Ethereum are $4433, which is at the bottom of this range as the short alert zone, and $4490, which is at the top of this range as the long alert zone. With a breakout and confirmation above these levels, Ethereum can start its move in the new week. Note that this pattern has strong price action significance, and Ethereum’s monthly candle will also close tonight. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
by SatoshiMultiframe
BTC 1H Analysis – Key Triggers Ahead | Day 28💀 Hey , how's it going ? Come over here — Satoshi got something for you ! ⏰ We’re analyzing BTC on the 1-hour timeframe timeframe . 👀 With the breakout of this one-hour box, Bitcoin can give us either a long or short position. Keep in mind that the market is currently in the holidays and volume is decreasing. The start of the new week can be interesting for Bitcoin. ⚙️ A key RSI zone exists at 62, and with the swing limit breaking this number, Bitcoin can move upward again. The next key RSI zone is 30, which is the oversold boundary for Bitcoin. 🕯 Bitcoin’s volume has sharply decreased as we are in the holidays. The size and volume of red candles are increasing each time, but still micro buyers are present, leaving good reversal candles from supports. With increasing volume, Bitcoin can start a good trend in the new week. 📊 1H timeframe USDTDominance We observe that this dominance, upon hitting its ceiling at 4.56%, was rejected and moved down toward its support at 4.46%. Then it bounced from this area and hit the key resistance at 4.49%. With the breakout of this one-hour dominance box in either direction, good volume can flow into Bitcoin. 🔔 The alarm zone for Bitcoin is the ceiling and floor of this one-hour box, which has high price action value. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
by SatoshiMultiframe
2
BTCUSDT (1H) – Breakout Projection in Play | BULLS ARE READY??BINANCE:BTCUSDT Structure | Trend | Key Reaction Zones BTC has broken its short-term downtrend and is attempting to build higher structure after a liquidity grab near the 110,600 demand zone 🟢. Current breakout levels are holding, but momentum confirmation is still required. Major resistance lies ahead at 114,500 → 115,500 → 117,400 (supply zone), while immediate support sits at 111,000. Market Overview After an extended period of consolidation and a strong liquidity sweep, BTC is showing bullish intent by reclaiming structure levels. As long as price sustains above 111,000 support, buyers may attempt to push higher. However, if momentum fails, price could revisit the 110,600 demand zone for another retest before continuation. Key Scenarios ✅ Bullish Case 🚀 Bounce continuation above 111,000 with bullish projection holding. 🎯 Target 1: 114,500 🎯 Target 2: 115,500 🎯 Target 3: 117,400 (supply zone rejection area) ❌ Bearish Case 📉 Failure to hold 111,000 support could drag price back to 110,600 and potentially lower to 109,000 liquidity area. Current Levels to Watch Resistance 🔴: 114,500 → 115,500 → 117,400 Support 🟢: 111,000 → 110,600 ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
Long
by PEAKALPHAFXMARKETS
XAUUSD – 30m Outlook | POSSIBLE PULLBACK | BOS TESTINGStructure | Trend | Key Reaction Zones FOREXCOM:XAUUSD Market structure remains bullish with consistent Higher Lows (HLs). Currently testing a resistance zone near 3417. Demand zone identified around 3374 – 3391 supporting buyers. Market Overview Gold shows continued bullish strength after breaking prior resistance. Price is testing resistance, suggesting a possible short-term pullback before continuation. Structure remains intact above HLs. Key Scenarios Bullish Continuation 🚀: If price sustains above 3410–3417, we may see an extension toward 3425 → 3440. Bearish Pullback 📉: A rejection at current resistance may trigger a retest of 3404 → 3380 support zones. Current Levels to Watch Resistance: 3417 – 3425 Support: 3404 – 3380 Disclaimer This analysis is for educational purposes only, not financial advice. Please do your own research before trading.
FOREXCOM:XAUUSDShort
by PEAKALPHAFXMARKETS
MarketBreakdown | EURUSD, USDCAD, USDJPY, SILVER Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸 The pair is now consolidating within a wide horizontal range. We see a test of its support now. Probabilities will be high, that a bullish movement will follow from that. 2️⃣ #USDCAD daily time frame 🇺🇸🇨🇦 The pair is positioned strongly bullish, respecting a solid rising trend line after a pullback. With a high probability, growth will continue. 3️⃣ #USDJPY daily time frame 🇯🇵🇺🇸 Similarly to EURUSD, the pair is consolidating. The price is trading in the middle of the horizontal parallel channel. With a high probability, it will start growing soon and reach the resistance of the range. 4️⃣ #SILVER #XAGUSD daily time frame 🪙 The price has recently updated a local high, breaking a significant horizontal resistance cluster. We see its retest now. There is a great chance that the market will cotinue rising soon. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
5
USDJPY (1H) – Key Rejection Zone & Demand Area LevelsStructure | Trend | Key Reaction Zones Price tested the 148.41 high but faced rejection. Strong resistance at 147.80–148.00 (Order Block & Rejection Zone). Price currently consolidating above 50 EMA with a bullish retest structure. Market Overview Previous fake breakout above the rejection zone trapped buyers. Current support holding near 147.40–147.20, aligning with trendline and EMA. If broken, deeper liquidity grab possible into the 146.20 demand zone. Key Scenarios Bullish Case 🚀 Hold above 147.40–147.20 → upside push toward: 🎯 Target 1: 147.90 🎯 Target 2: 148.41 (highs) Bearish Case 🔻 Rejection at 147.80 → drop back toward: 🎯 Target 1: 146.99 🎯 Target 2: 146.20 demand zone (perfect buying entry) Current Levels to Watch Resistance: 147.80 → 148.41 Support: 147.40 → 146.99 → 146.20 ⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.
Long
by PEAKALPHAFXMARKETS
BTC 1H Analysis – Key Triggers Ahead | Day 22💀 Hey , how's it going ? Come over here — Satoshi got something for you ! ⏰ We’re analyzing BTC on the 1-hour timeframe timeframe . 👀 On the 1-hour Bitcoin chart, after the last attempt to push toward resistance, it faced a strong rejection at $115,000 and moved toward the box's lower boundary. Currently in the alarm zone for a short position, but personally, I wouldn’t open a short here. ⚙️ Key RSI levels are 45 and 20. The 20 level is a support in the heart of oversold territory, where Bitcoin’s volatility spikes and often sees a reversal. The 45 level acts as resistance, with volatility triggering reversals upon hitting it. 🕯 Volume shows larger and more frequent red candles, with price heading toward its support levels. 💵 USDT.D broke and held above 4.27% but got rejected at 4.4%. A break and hold above 4.4% could increase selling pressure on Bitcoin. 🔔 Bitcoin’s alarm zones today aren’t very logical, so we can focus on altcoins instead. I’ll post a few altcoin picks on TradingView and the channel today. ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
by SatoshiMultiframe
BTC 4H Analysis – Key Triggers Ahead | Day 20💀 Hey , how's it going ? Come over here — Satoshi got something for you ! ⏰ We’re analyzing BTC on the 4-hour timeframe timeframe . 👀 On the 4-hour timeframe, Bitcoin is moving inside a 4H range box. The top of this box is at the $122,300 level and the bottom is at the $112,000 level. The midline of the box is around $117,000, and after touching this level the price got rejected downwards . ⚙️ On the RSI, we have two key zones: 30 and 64. When the oscillator crosses these zones, long or short trading volatility increases and the probability of entering overbought or oversold conditions rises . 🕯 On the 4H chart, the size of the buying candles has become noticeably large. After yesterday’s news, the market faced holidays and volume decreased, but with the opening of the new weekly candle, we may see an increase in trading volume. This could bring more volume into long positions . 💵 USDT.D on the 4-hour timeframe has a support at 4.19% and a resistance at 4.35%. Breaking either of these levels could inject significant volume into Bitcoin. Tether selling volume has been relatively strong and faced selling pressure, which could push this drop further .https://www.tradingview.com/x/4bTsKokC 🔔 Our trading alarm zones are placed at $117,000 and $112,000. Price action around these levels, with the start of the new week, can be strong. Selling pressure on Tether and a potential interest rate cut may shift the market sentiment toward long positions . ❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
Long
by SatoshiMultiframe
XAUUSD (Gold) – 30m Outlook | BEARISH OR BULLISH??Structure | Trend | Key Reaction Zones Price retesting the Pending Area (≈ 3330) ⚔️ after breakdown. Lower Highs (LH) confirm bearish pressure, but support zone remains active. Market Overview 📉 Bearish Scenario → Rejection from 3330 zone may extend downside: 🎯 Target 1: 3315 🎯 Target 2: 3310 🚀 Bullish Scenario → If buyers reclaim above 3330, upside momentum could follow: 🎯 Target 1: 3342 🎯 Target 2: 3358 Current Levels to Watch Resistance: 3330 – 3342 ❌ Support: 3315 – 3310 ✅ Disclaimer This analysis is for educational and informational purposes only. It is not financial advice. Please conduct your own research before trading.
FOREXCOM:XAUUSDShort
by PEAKALPHAFXMARKETS
Baidu Wave Analysis – 21 August 2025- Baidu reversed from the support area - Likely to rise to resistance level 93.20 Baidu recently reversed from the support area between the support level 84.40 (which is the lower border of the sideways price range inside which the price has been trading from April) and the lower daily Bollinger Band. The upward reversal from the support level 84.40 stopped the earlier impulse waves iii and 3. Baidu can be expected to rise to the next resistance level 93.20, which is the upper border of the active sideways price range.
NASDAQ:BIDULong
by FxProGlobal
SILVER (XAGUSD): Bearish Move From Trend Line I see a test of a strong trend line on Silver on an hourly time frame. A rapid growth stopped once the price approached that and a consolidation started. A bearish breakout of its support is a strong confirmation to sell. I think that the market will retrace to 37,54 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAGUSDShort
by VasilyTrader
2
LLY - Clean Levels UpdatedEli Lilly's hit those 708.49 and 711 levels I mentioned in my previous LLY post. I've added some weekly levels, and a couple relevant spots from my boxed LLY chart. If LLY loses steam up here we could easily see a retest of that box top area in the $680 - $678 range. Otherwise if we see a market wide reversion from today's liquidation, and LLY clears today's high(~714) and firmly holds that high volume area, that gap($738) fill would be a no-brainer. Personally leaning on the side of a short continuation(in the near time at least), didn't really trust the low volume float up over the last few trading days, and definitely don't like the decreasing volume into that $711 - $714 area (I'd consider it a Look above and fail). Regardless of bias, we trade what we see. ~ The Villain.
NYSE:LLYShort
by The_Villain_777