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AUDUSD Ready to Push Higher? | 0.66700 Support+Gold Correlation!Hey Traders, In the coming week, we are closely monitoring AUDUSD for a potential buying opportunity around the 0.66700 zone. AUDUSD remains in a well-established uptrend and is currently undergoing a healthy corrective pullback, approaching a key trendline confluence and the 0.66700 support-turned-resistance area, which may act as a strong demand zone for bullish continuation. From a fundamental perspective, the Australian Dollar often benefits from its positive correlation with Gold. With Gold maintaining a strong bullish tone, this correlation could provide additional upside support for AUDUSD, reinforcing the bullish technical outlook. As always, wait for confirmation and manage risk responsibly. Trade safe, Joe.
Long
by JoeChampion
Zeta Global: structure reset on the weeklyZeta Global Holdings Corp. operates in marketing technology, providing data-driven customer intelligence and automation solutions for enterprises. On the weekly chart, ZETA has completed a breakout above the long-term descending trendline and is currently holding a clean retest zone. The key support area sits between 17.8 and 18.4, where the weekly MA100 aligns with the 0.786 Fibonacci retracement. This confluence strengthens the structure and confirms acceptance after the impulse. Volume expanded on the breakout and cooled during the pullback, suggesting controlled price action rather than distribution. Weekly MACD is turning higher after a prolonged reset, while RSI remains above neutral territory, supporting a shift in market phase. Volume profile highlights upside attraction zones, with the first major area near 29–30 and a higher zone around 40. From a fundamental perspective, the company shows improving financial quality. Market capitalization is around $5B, with consistent positive operating cash flow. Quarterly operating cash flow reached $57.9M, while free cash flow increased to $52.4M, both growing strongly year over year. Revenue continues to expand, with Q4 2025 estimates near $378M and expected EPS of $0.23. ZETA does not pay dividends, focusing instead on reinvestment and growth, while maintaining manageable debt and a solid balance sheet. This is a higher-timeframe positioning idea where the market gradually reassesses the business after a corrective phase. Calm structure, improving fundamentals, and clear technical logic.
NYSE:ZETALong
by TotoshkaTrades
PLUG long-term TAPLUG has been pumped and dumped pretty hard, but it's not dead, as a matter of fact it has a positive bullish formation on weekly since the last few months, moreover, monthly frame has finally bottomed out for the first time since 2022 and has regained the support level, it's not yet bullish on monthly but it's a significant improvement. Currently, there's a consolidation on mid-term with rising trend strength which is in the formation process of bullish trend continuation. Also, when assessing their fundamental priorities or incentives, you may want to consider the demand for their products during the AI boom which can be the further trigger for the growth.
NASDAQ:PLUGLong
by MoxGo_Analytics
YM1! - Symmetrical Wedge Compression Inside 2HR FVG | Breakout? What's up traders! 👋 YM1! E-mini Dow Jones Futures is setting up for a big move. We've got a symmetrical wedge compressing right inside a 2HR FVG zone - this is textbook pre-breakout structure. Let me break down what I'm seeing. The Setup YM1! is trading at 49,639 on the 45-minute timeframe. Price is consolidating inside a symmetrical wedge pattern - descending resistance on top (lower highs) and ascending support on bottom (higher lows). The apex of this wedge is converging right inside the 2HR FVG zone around 48,700-48,850. This is compression before expansion. The question is: which way does it break? Why I'm Leaning Bullish Higher timeframes (2HR, 4HR, Daily) all bullish structure Dow closed +292 points (+0.60%) today at 49,442 TSMC blockbuster earnings - AI capex up 37% to $52-56B Goldman Sachs +4%, Morgan Stanley +6% on earnings beats Jobless claims 198K (beat expectations of 215K) Forward curve pricing 50,800+ by December 2026 Up 15.95% over the past year - strong momentum Just 0.5% from 52-week high (49,901) The Wedge Structure DESCENDING RESISTANCE (Top): Lower highs forming - sellers capping rallies ASCENDING SUPPORT (Bottom): Higher lows forming - buyers defending dips CONVERGENCE POINT: Price squeezing into tighter range inside FVG 2HR FVG ZONE: 48,700-48,850 acting as equilibrium zone BREAKOUT PENDING: Wedge apex approaching - move coming soon The News Context - January 15, 2026 Today's session was BULLISH: Dow +292.81 points (+0.60%) to 49,442.44 TSMC surged 4.4% on record Q4 profits + massive AI capex plans Goldman Sachs +4% - 12% profit increase, deal-making fees +25% Morgan Stanley +6% - 18% profit jump, IB revenue +47% Jobless claims 198K vs 215K expected - labor market strong Airlines +2.6%, Semiconductors +1.8% Oil down 4.68% - Trump eased Iran tensions 10Y Treasury yield +2bp to 4.16% Macro Drivers TSMC 2026 capex $52-56B (37% increase) - AI boom has legs Fed's Schmid: Independent Fed serves public best Japan #1 holder of US securities at $1.2T China holdings down to $682.6B (selling continues) European stocks at record highs KOSPI 10-day winning streak - global risk-on Key Levels I'm Watching Resistance: 49,792 - Day's high / immediate resistance 49,901 - 52-WEEK HIGH (critical breakout level) 50,000 - PSYCHOLOGICAL ROUND NUMBER 50,200 - Wedge breakout target 1 50,800 - Forward curve target (Dec 2026) Support: 49,639 - Current price 49,253 - Day's low 48,700-48,850 - 2HR FVG ZONE (key support) 48,200 - Major horizontal support 48,000 - Lower wedge support / psychological 47,600 - Channel bottom (if breakdown) Two Scenarios BULLISH BREAKOUT (PRIMARY): The symmetrical wedge breaks to the upside. Price holds the 2HR FVG zone, bounces off ascending support, and breaks above descending resistance. Targets: First target: 49,901 (52-week high retest) Second target: 50,000 (psychological) Extended target: 50,200-50,400 (new ATH territory) Triggers: Break above 49,800 with volume, TSMC momentum continues, bank earnings strength, risk-on sentiment. BEARISH BREAKDOWN: The wedge breaks down. Price loses the 2HR FVG zone, breaks below ascending support, and targets lower levels: First target: 48,200 (horizontal support) Second target: 48,000 (psychological) Extended target: 47,600 (channel bottom) Triggers: Break below 48,700 with volume, Fed hawkish surprise, geopolitical escalation, risk-off rotation. My Take - BULLISH BIAS I'm leaning BULLISH here. Here's why: 1. Higher timeframe structure is bullish - 2HR, 4HR, and Daily all showing higher highs and higher lows. The large bearish candle on higher TFs is just a pullback within the uptrend. 2. Wedge inside FVG = accumulation - When price consolidates inside an FVG with a symmetrical wedge, it's typically smart money accumulating before the next leg. 3. News flow is bullish - TSMC's massive AI capex, bank earnings beats, strong labor data. The fundamentals support higher prices. 4. Forward curve is bullish - Market pricing 50,800+ by December 2026. The path of least resistance is higher. 5. Just 0.5% from ATH - We're consolidating near all-time highs. This is typically bullish - accumulation before breakout. The risk is the descending wedge top - sellers are capping rallies. But the ascending wedge bottom shows buyers are defending. When these converge, the breakout typically follows the prevailing trend - which is UP. Trade Plan Bullish Entry: Entry: Break above 49,800 with volume OR bounce from FVG zone (48,700-48,850) Stop: Below 48,500 (below FVG zone) Target 1: 49,901 (52-week high) Target 2: 50,000 (psychological) Target 3: 50,200+ (new ATH) R:R: ~1:2.5 Bearish Entry (if breakdown): Entry: Break below 48,700 with volume Stop: Above 49,000 Target 1: 48,200 Target 2: 48,000 Target 3: 47,600 R:R: ~1:2 The Bottom Line YM1! is compressing inside a symmetrical wedge right at the 2HR FVG zone. This is textbook pre-breakout structure. The higher timeframes are bullish, the news flow is bullish, and we're just 0.5% from all-time highs. I'm watching for the breakout above 49,800 to confirm the bullish thesis. If we lose the FVG zone at 48,700, I'll reassess. The wedge is tightening. The move is coming. I think it's UP. What do you think? Breakout or breakdown? Drop your thoughts below! 👇
CBOT_MINI:YM1!Long
by officialjackofalltrades
WTI Crude Oil Faces Rejection at 200-Day SMA After Sharp RallyThe daily chart for WTI crude oil shows a strong rebound from December lows, but the rally stalled near the 200-day SMA (6,222), which acted as a key resistance level. Price briefly tested this zone before pulling back sharply, closing near 5,917. This rejection suggests that the longer-term bearish trend remains intact for now. Technical Observations: Moving Averages: The 50-day SMA (5,855) is still below the 200-day SMA, maintaining a bearish alignment. Price is currently above the 50-day SMA but failed to sustain above the 200-day SMA, signaling potential exhaustion of the recent bullish momentum. MACD: The MACD histogram is positive, and the signal lines are trending higher, indicating improving short-term momentum. However, the recent price rejection could lead to a slowdown in bullish momentum if confirmed by a bearish crossover. RSI: At 52.82, RSI is neutral but slightly bullish. The indicator recently approached 60 before pulling back, reflecting the loss of upward strength. Key Levels: Resistance remains at 6,222 (200-day SMA), while support is seen near 5,500, which has held multiple times during previous declines. Summary: WTI crude oil is at a critical juncture. The inability to break above the 200-day SMA suggests that sellers are still defending the longer-term trend. A sustained move above this level would be a significant technical shift, while failure to do so could lead to a retest of the mid-range or even the 5,500 support zone. -MW
FOREXCOM:USOIL
by FOREX.com
USD/CHF Consolidates Within a Broad Range, Testing Key Moving AvThe daily chart for USD/CHF highlights a prolonged consolidation phase, with price oscillating inside a well-defined range between approximately 0.7830 and 0.8115. This range has persisted for several months, indicating indecision and lack of a clear directional trend. Technical Observations: Range-Bound Structure: Price remains confined within the shaded horizontal zone, suggesting strong support near 0.7830 and resistance around 0.8115. A breakout beyond these levels would be needed to establish a directional bias. Moving Averages: The 50-day SMA (0.7976) is currently flat, reflecting the sideways nature of the market. The 200-day SMA (0.8062) is trending downward, reinforcing the longer-term bearish tone. Price is now approaching the 200-day SMA, which could act as dynamic resistance. MACD: The MACD histogram has turned slightly positive, and the signal lines are close to crossing above zero, hinting at improving bullish momentum in the short term. RSI: At 60.20, RSI is leaning bullish but still below overbought territory, suggesting room for further upside before hitting extreme levels. Key Levels to Watch: Resistance: 0.8115 (range top) and 0.8062 (200-day SMA) Support: 0.7830 (range bottom) Overall, USD/CHF remains neutral within its range, but the recent push toward the 200-day SMA could determine whether buyers have enough strength to challenge the upper boundary. A decisive breakout would be significant for trend development. -MW
by FOREX.com
AUD/USD Testing Key Resistance After Strong RallyThe daily chart for AUD/USD shows price consolidating near the 0.6700 level after a strong bullish move from December lows. The pair recently tested the 78.6% Fibonacci retracement level around 0.6730, which is acting as a significant resistance zone. Price action has pulled back slightly but remains above both the 50-day SMA (0.6605) and the 200-day SMA (0.6526), signaling a medium-term bullish structure. Technical Observations: Moving Averages: The 50-day SMA is trending above the 200-day SMA, confirming a bullish crossover that occurred earlier. This supports the broader upward momentum. MACD: The MACD histogram is positive, but the signal lines are flattening, suggesting that bullish momentum may be losing steam. RSI: Currently at 57.98, RSI is in neutral territory but leaning toward bullish, indicating room for further upside before overbought conditions. Price Structure: The recent highs near 0.6730 represent a critical resistance level. A sustained break above this zone could open the door for further gains, while failure to clear it may lead to consolidation or a pullback toward the 50-day SMA. Overall, AUD/USD remains in an uptrend, but the current resistance zone is pivotal. Traders should watch for confirmation of a breakout or signs of reversal as momentum indicators cool off. -MW.
by FOREX.com
GBPUSD H1 SSL Sweep + Bullish Order Block with RSI ConfirmationOANDA:GBPUSD GBPUSD H1 Timeframe Previously, we had a sell analysis on GBPUSD H1 where sideways liquidity was highlighted, and that analysis was later closed. Now, price has taken sell-side liquidity, formed a bullish order block, and moved upward. Currently, price is trading around 1.34213. RSI is at 40.44, indicating selling pressure has weakened. If RSI reclaims above 50 and price closes above the H1 order block, a bullish move toward 1.35328 is highly probable. There is a strong possibility that price will move toward the upper order block. If an H1 candle closes above the upper order block, Final Target: 1.35328 Stop Loss: Below the lower order block at 1.33728
Long
by Markovic_VascoView
2
Ethereum Has Broken Structure — The Pullback Will Decide Hello Traders.... COINBASE:ETHUSD on the H1 timeframe has just completed a clean bullish structure break, marked by a strong impulsive candle that decisively pushed price above the previous consolidation range. This breakout confirms that buyers have taken control after a prolonged accumulation phase, shifting market structure from neutral to bullish expansion. However, following such a sharp move, price is now entering a post-breakout consolidation, hovering just above the broken level a typical behavior where the market pauses to absorb liquidity and rebalance positioning. The highlighted “break” zone around 3,300 now acts as a critical support flip area, and as long as price continues to hold above this level, the bullish thesis remains intact. From a structural perspective, the most constructive scenario is a controlled pullback toward the 3,200–3,180 support zone, where previous resistance and the moving average converge, before buyers step in again to drive continuation. If this pullback is respected, Ethereum has a clear upside roadmap toward the next liquidity targets around 3,400, then 3,475, with potential extension even higher if momentum accelerates. Any short-term retracement should therefore be viewed as healthy price development, not weakness. Only a decisive break and acceptance back below the reclaimed support would invalidate this bullish setup and shift the market back into a deeper corrective phase. what do you think about ETHUSDT?
COINBASE:ETHUSDLong
by HENRY_TraderGold
DAX Remains Bullish as Wave (3) AdvancesWe discussed the DAX back on December 19, when we identified a bullish setup based on waves (1) and (2), suggesting the start of a five-wave impulsive advance and the potential extension of the rally within wave (3). As of today, January 15, the DAX is unfolding nicely to the upside and remains firmly within wave (3). There is still room for further gains, with the 26,000 area acting as a key upside target. At this stage, we are continuing to track wave (3), where subwave 5 may still be missing, indicating that additional upside is possible before a higher-degree wave (4) corrective phase develops. From a risk-management perspective, the 25,000–24,800 zone represents an ideal support area. As long as price holds above this region, we should remain alert for a bullish resumption and the continuation of the broader uptrend toward wave (5). DAX is bullish as long as the price is above 24500 invalidation area.
PEPPERSTONE:GER40Long
by ew-forecast
Technical Pullback Within Uptrend, Waiting for Discount BUYMarket Context (H1) After a strong impulsive rally, gold is entering a short-term corrective and liquidity-absorption phase. The current decline is technical in nature, following rejection from the upper resistance zone, and does not signal a trend reversal at this stage. From a fundamental standpoint, the broader macro backdrop remains supportive for gold, with cautious monetary policy expectations and sustained safe-haven demand. As a result, downside moves are still viewed as corrective pullbacks rather than the start of a bearish trend. Structure & Price Action H1 market structure remains bullish as long as key demand lows are not broken. Price is pulling back from supply and rotating toward lower demand + Fibonacci confluence zones. No confirmed bearish CHoCH so far → bias remains pullback for continuation. Upper zones remain valid liquidity targets once bullish momentum resumes. Trading Plan – MMF Style Primary Scenario – Trend-Following BUY Priority is to wait for price to retrace into discounted areas and only BUY after clear bullish reactions and structure protection. Preferred BUY Zones: BUY zone 1: 4,600 – 4,580 (short-term demand + balance area) BUY zone 2: 4,560 – 4,550 (major demand + deep Fibonacci retracement) Note: Avoid FOMO while price is correcting mid-range. Upside Targets: TP1: 4,616 TP2: 4,637 TP3: 4,676 (upper resistance / extension target) Alternative Scenario If price fails to pull back deeply and breaks and holds above 4,637, wait for a retest to look for continuation BUY setups in line with the trend. Invalidation If an H1 candle closes below 4,550, the short-term bullish structure is invalidated. Stand aside and reassess for a new market structure. Summary Gold’s primary bias remains bullish. The current downside move is a corrective pullback following short-term distribution. The MMF approach favors patience and buying at discount zones, trading in alignment with the dominant trend rather than chasing price.
OANDA:XAUUSDLong
by MMFlowTrading
2
$SPY & $SPX — Market-Moving Headlines Thursday Jan 15, 2026🔮 AMEX:SPY & SP:SPX — Market-Moving Headlines Thursday Jan 15, 2026 🌍 Market-Moving Themes ⚛️ Oklo Volatility Reset Oklo stabilizes after insider-sale panic as nuclear-for-AI narrative stays dominant 🏦 Bank Stress Hangover Banks remain under pressure as credit card rate-cap risk overwhelms earnings prints 🟡 Anti-Fiat Bid Expands Gold silver and Bitcoin hold strength amid Fed political pressure and risk-off flows 💻 Hardware Over Software Intel strength reinforces rotation toward physical AI infrastructure over legacy software 🛍️ Retail Fracture Signal Saks bankruptcy raises concerns around luxury demand as value retail gains mindshare 📊 Key U.S. Economic Data Thursday Jan 15 ET 8:30 AM - Initial Jobless Claims Jan 10: 215K - Import Prices Nov delayed: -0.2% - Empire State Manufacturing Jan: 1.0 - Philly Fed Manufacturing Jan: -4.5 ⚠️ Disclaimer: For informational purposes only. Not financial advice. 📌 #SPY #SPX #Macro #Inflation #Jobs #Fed #Markets #Trading #Stocks #Options
AMEX:SPYShort
by TrendTao
1
GBPUSD - Descending Channel with Stacked FVG Zones Alright traders, let's talk GBPISD! GBPUSD is showing some interesting price action right now. We've got a descending channel playing out on the 45-minute timeframe with two stacked FVG zones creating a decision area. Price just retested the 45M FVG and sellers stepped in - now it's acting as resistance. Here's the key: 1.34273 is the line in the sand. Break below = bearish continuation. Hold above = potential bounce into the FVG zones. The Structure Price has been making lower highs and lower lows inside this descending channel. We saw a push up into the 45M FVG zone (1.3455-1.3475) but sellers rejected it hard. Now that zone has flipped from support to resistance. Below that, we have the 2HR FVG zone (1.3440-1.3455) which could act as a retest area if we get a bounce. But if 1.34273 breaks, we're heading to the lower support at 1.3380. Why This Setup Matters Descending channel intact - trend is bearish until breakout 45M FVG rejected - sellers in control at that level 2HR FVG below - potential bounce zone if bulls step in 1.34273 is critical support - break = acceleration lower BoE expected to cut rates - bearish for GBP Dollar strength persisting despite Fed drama Fundamental Picture Mixed signals but leaning bearish for GBP: UK GDP data due Thursday - expected to show 0.2% contraction BoE's Taylor: "Interest rates should continue on a downward path" UK inflation cooling faster than expected Speculators cut bearish GBP positions by most in 5 months Dollar holding near 1-month highs despite Powell drama Fed expected to hold rates - supports USD Japan yen drama pulling focus but USD still firm Key Levels Resistance: 1.3455-1.3475 - 45M FVG zone (now resistance) 1.3510 - Upper resistance 1.3575 - Major resistance / channel top Support: 1.3440-1.3455 - 2HR FVG zone (potential bounce) 1.34273 - KEY SUPPORT (line in the sand) 1.3380 - Lower channel support The Scenarios Bearish (favored): Price stays below the 45M FVG zone, retests the 2HR FVG but fails to hold, breaks below 1.34273, and continues down the channel toward 1.3380. The descending channel structure supports this move, and weak UK data could accelerate it. Bullish: Price bounces from the 2HR FVG zone, reclaims the 45M FVG (1.3455-1.3475), and breaks above the descending channel. Target would be 1.3510, then 1.3575. This needs strong UK GDP data or significant dollar weakness. Chop scenario: Price oscillates between the FVG zones and 1.34273 support. Wait for a clear break before committing. My Lean I'm BEARISH here. The descending channel is intact, the 45M FVG got rejected, and the fundamentals favor USD strength (Fed holding, BoE cutting). The 1.34273 level is the trigger - break below that and we're targeting 1.3380. If you're looking for shorts, wait for a retest of the 2HR FVG zone that fails, or a clean break below 1.34273. What's your read on GBPUSD? Bulls or bears winning this one? 👇
Short
by officialjackofalltrades
XAUUSD: The Bullish Trend Remains IntactXAUUSD continues to trade within a primary bullish trend , and the current short-term pullbacks are merely a healthy pause before price extends higher. From a fundamental perspective, recent U.S. economic data suggest that inflationary pressures are easing and consumer demand is no longer excessively strong, increasing expectations that the Federal Reserve may shift toward a more dovish stance . At the same time, geopolitical risks and a cautious market sentiment continue to support safe-haven demand, providing a solid short-term foundation for gold. On the chart, the bullish structure remains clearly intact. Price is moving within a well-defined ascending channel , consistently forming higher lows. The 4,570 support zone below plays a critical role, acting as a confluence of the rising trendline and a key acceptance area. As long as this level holds, there are no signs of a trend breakdown. On the upside, 4,720 stands out as a key psychological resistance . A shallow pullback into support followed by a renewed push higher would represent a healthy continuation scenario, allowing the market to build momentum before challenging this resistance once again. The fact that price is not facing aggressive selling pressure near the highs indicates that buyers remain firmly in control.
OANDA:XAUUSDLong
by Paradise_Noir
42
Chasing Buys at the Top? USDJPY Is Sending a Risk WarningUSDJPY is entering a technical corrective pullback after an extended and aggressive rally. While the broader macro backdrop previously remained unfavorable for the Japanese yen, the market is no longer reacting strongly to USD-bullish headlines as it did before. From a news perspective, the Japanese yen is expected to stay under pressure amid speculation that Prime Minister Sanae Takaichi may call for an early election in February. A potential victory is widely seen as supportive of expansionary fiscal policies, which would add further downside pressure on JPY. However, the key point is that most of this narrative has already been priced in , and USDJPY has rallied sharply in anticipation of that outcome. Turning to the chart, the technical picture is flashing early warning signs . Price is approaching the key psychological resistance zone at 159.50–159.60, while simultaneously testing a long-term ascending trendline. At this level, buying momentum is clearly fading, with visible rejection signals suggesting that bulls are losing control. In this environment, chasing long positions near the highs carries elevated risk . A more prudent approach is to wait for weak pullbacks and prioritize SELL setups in line with the corrective structure, rather than getting trapped by outdated headlines. Markets do not move because of news titles — they move because of how price reacts after the news is released.
Short
by Paradise_Noir
8
MES - Descending Channel + Liquidity Sweep at 6,940 | Reversal? What's up traders! 👋 Interesting setup developing on MES1! right now. We've got a descending channel in play, but something caught my eye - a liquidity sweep just happened around 6,940. Let's break it down. What I'm Seeing MES1! is trading at 6,966 inside a descending channel on the 45-minute timeframe. Price has been making lower highs and lower lows - textbook bearish structure. BUT we just saw a liquidity sweep around 6,940 where sellers couldn't close their positions. This is where it gets interesting. When liquidity gets swept and price bounces, it often signals smart money stepping in. The question is: reversal into the FVG zone, or continuation down to the lows? The Liquidity Sweep Setup Price swept below 6,940 - grabbed liquidity from weak longs Sellers couldn't close at those prices - trapped shorts Bounce happening now - buyers potentially stepping in FVG zone at 6,965-6,985 is the first target if reversal confirms If FVG fails to hold, continuation to 6,925 and 6,912.25 lows Market Context The broader picture: S&P 500 fell 0.53% to 6,926.60 today - risk-off sentiment JPMorgan dropped 4% despite beating earnings (credit card cap fears) Financials dragging the market lower Core CPI came in cooler (0.2% vs 0.3%) - but market still selling Trump vs Powell drama continues - uncertainty elevated Forward curve still pricing 7,100+ by end of 2026 - long-term bullish Key Levels to Watch Resistance: 6,965-6,985 - FVG zone (first target if reversal) 7,002 - Day's high 7,036 - 52-WEEK HIGH / Major resistance Support: 6,940 - Liquidity sweep zone 6,925 - Horizontal support 6,912.25 - LOWEST LOW (channel bottom) Two Scenarios Bullish reversal: The liquidity sweep at 6,940 trapped shorts and smart money is stepping in. Price bounces into the FVG zone (6,965-6,985), reclaims it, and pushes toward 7,000+. This would be a classic sweep → reversal pattern. Bearish continuation: The descending channel continues to dominate. Price retests the FVG zone but gets rejected, then breaks below 6,940 and targets 6,925, eventually hitting 6,912.25 (the lowest low). High impact news or Fed drama could accelerate this. My Take I'm NEUTRAL here but watching closely for the reversal. The liquidity sweep at 6,940 is significant - that's where trapped sellers create buying pressure. If we can reclaim the FVG zone and hold above 6,965, the reversal thesis gains strength. However, the descending channel is still intact. Until we break above the upper trendline, the trend is technically bearish. Don't fight the trend unless you see clear reversal confirmation. Watch the FVG zone reaction. That's your tell. Drop your thoughts below - reversal or continuation? 👇
CME_MINI:MES1!
by officialjackofalltrades
Buy Signal on HoneywellTrading Fam, Got two more buy signals recently from my indicator. Waited till today for confirmation on entry. So here are the technicals: 1) My indicator gave us a buy on the 25th of Nov. The signal was confirmed by volume. 2) We've broken to the top side of the VRVP PoC 3) We've broken to the top side of that descending trendline Resistance will be both that 350/200 SMA above. After that, I'm shooting for the 24Jul gap for a moderate 11% profit. The risk is a low 2.2%. I don't want to see us drop back below that PoC/50 SMA or I'm out. ✌️Stew
NASDAQ:HONLong
by stewdamus
3