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Technical Analysis

Gold Is Not Trending. It’s Deciding.GOLD (XAUUSD) – 1H TECHNICAL & MACRO ANALYSIS Market Structure (Technical) - Gold remains in a clear short-term uptrend, still trading above both EMA 34 and EMA 89, confirming bullish structure has not been broken. - Price is currently consolidating below Target 1 (~4348) after a sharp impulsive move, which is typical bullish digestion, not distribution. - The recent pullback respected the weak support zone around 4313–4320, aligning closely with EMA 89 → this indicates buyers are still defending dips. - As long as price holds above the strong support zone (~4270–4280), the broader bullish structure remains intact. Key Levels Resistance / Target 1: ~4348 Target 2 (Old ATH): ~4380 Weak Support: ~4313–4320 Strong Support: ~4270–4280 Scenarios Primary (Bullish continuation – higher probability): Sideways consolidation → higher low → break above 4348 → extension toward 4380 (old ATH) and potential new ATH. Alternative (Deeper pullback, still bullish): Loss of weak support → retrace into strong support → liquidity grab → continuation higher. CONCLUSION Gold is not rejecting resistance it is absorbing liquidity below it. This price behavior, combined with a supportive macro backdrop, strongly favors a continuation move toward the old ATH and beyond, rather than a trend reversal.
OANDA:XAUUSDLong
by Raphael_TraderGOLD
XAUUSD (Gold Spot) – 2H Market Structure & Liquidity AnalysisXAUUSD (Gold Spot) – 2H Market Structure & Liquidity Analysis This 2-hour XAUUSD chart clearly highlights a liquidity-driven market, where price is reacting precisely around key supply, demand, and liquidity levels. The structure shows how smart money manipulation plays out before the next directional move. Higher Timeframe Liquidity Sweep & Rejection At the top of the chart, price sweeps the previous 1D high, labeled as “1D Sweep / Rejection”. This is a classic liquidity grab, where buy-side liquidity above the highs is taken, followed by an aggressive rejection. The long upper wick confirms strong selling pressure from premium levels, signaling that institutions used this area to distribute positions rather than continue higher. This rejection shifts market bias from bullish continuation to range or corrective behavior. Cold Squeeze & Compression Phase On the left side, price consolidates inside a tight range marked as “Cold Squeeze”. This area represents low volatility and order accumulation, where both buyers and sellers are trapped. Such zones often precede strong impulsive moves, and in this case, price eventually expands out of the range with increased volatility. Supply Used & Rising Wedge Formation As price moves lower, we see a labeled “Supply Used” zone, meaning sellers previously active here have already been absorbed. Following that, price forms a rising wedge / ascending channel, which is a bearish corrective structure rather than true bullish strength. This wedge acts as a pullback within a broader bearish context, allowing smart money to reload sell positions while retail traders chase longs. QFL Reaction & Weak Highs Near the mid-section of the chart, price reacts around a QFL (Quasimodo / Failed Low-High concept) area. The highs formed here are weak and overlapping, showing lack of momentum. This confirms that buyers are struggling to push price higher sustainably. Indecision Zone & Any-Side Break On the right side, price enters a tight consolidation marked as “Any-side Break”. This zone represents market indecision, where liquidity is building on both sides. A strong candle close above or below this range will likely trigger a sharp impulsive move as stop orders get activated. Until that break happens, the market remains neutral and reactive, favoring short-term scalps rather than aggressive directional trades. Key Reversal Zone Below Below current price, a clearly marked Reversal Zone sits around the discount area. This zone aligns with: Previous demand Liquidity resting below equal lows A potential mitigation area for bullish reaction If price breaks down from the current range, this zone becomes a high-probability bounce or reversal area, especially if bullish confirmation appears on lower timeframes. Overall Market Bias Short-term bias: Neutral → Waiting for range breakout Above range: Possible stop-hunt but expect selling pressure again Below range: High probability move toward the reversal / demand zone Smart money behavior: Liquidity sweeps, false breakouts, and controlled distribution Trading Insight This chart is a textbook example of liquidity engineering. Instead of chasing direction, the smarter approach is to wait for confirmation after the any-side break, then align entries with liquidity targets and higher timeframe context. Patience here is key — the market is loading fuel, not yet revealing direction. ⚠️ Note: Always wait for confirmation and manage risk properly. This analysis is based on price action and liquidity concepts, not financial advice.
FOREXCOM:XAUUSDShort
by GoldMasterTrades
2
This Is a Distribution Trap Below ResistanceBITCOIN (BTCUSD) — H1 MARKET ANALYSIS 1. Market Structure BTC is still trading within a short-term bearish structure. Despite the recent bounce from the support zone, the market continues to form lower highs under a well-defined resistance band. The recovery leg is corrective, not impulsive a key sign that sellers remain in control. Price behavior shows: Strong sell-off → weak rebound No higher high formed Structure remains capped below resistance 2. Key Technical Zones Resistance Zone: 88,800 – 89,600 This is a major supply area aligned with previous breakdown structure and EMA resistance. Support Zone: 84,800 – 85,400 A critical liquidity pool where buyers previously defended, but still vulnerable to another sweep. 3. Moving Averages & Momentum EMA 34 (blue): Acting as dynamic resistance during the rebound. EMA 89 (red): Still trending downward and clearly above price → confirms bearish market bias. Momentum lacks follow-through; bullish candles are short-lived and overlap heavily. 4. Market Psychology & Liquidity The current consolidation is distribution, not accumulation: - Buyers are chasing rebounds after a sharp drop. - Smart money is selling into strength below resistance. - The market is building liquidity for a second downside expansion. This sideways-up movement is designed to: - Trap late buyers - Create exit liquidity for sellers - Prepare for continuation lower 5. Scenario Outlook 🔽 Primary Scenario (High Probability): Bearish Continuation Price fails at resistance Sideways consolidation completes Breakdown toward: - First target: 85,800 - Main target: 84,500 - Extension: 83,800 – 84,000 🔼 Invalidation Scenario Only if BTC breaks and holds above 89,600 with strong volume, the bearish structure is invalidated and a deeper recovery becomes possible. 6. Trading Bias Main Bias: Bearish Market Phase: Distribution → Liquidity Setup Strategy: Sell rallies near resistance, avoid long positions inside corrective moves. Conclusion BTC is not showing strength it is recycling liquidity below resistance. Until the resistance zone is decisively broken, the path of least resistance remains to the downside. Patience is key; the real move comes after distribution is complete.
BITSTAMP:BTCUSD
by RexTraderSignal
Gold Is Quiet — But Pressure Is BuildingGold is maintaining a bullish continuation structure, not showing signs of distribution. - Trend: Price is moving inside a rising channel with higher lows intact. - Structure: Pullbacks are corrective and shallow, showing buyers defending each dip. - Dynamic Support: Price is holding above EMA 34 & EMA 89 → bullish control remains. Key Levels: - Target 1: 4,348 - Target 2 (Old ATH): 4,379 Outlook Primary scenario: Consolidation → push to Target 1 → extension toward Old ATH. Alternative: Short-term pullback to channel support to reload before continuation. Focus: As long as price holds above the rising channel and EMAs, bias stays bullish. Patience here is part of the trade.
OANDA:XAUUSD
by Raphael_TraderGOLD
2
Bitcoin Is Ranging — And Macro Is Keeping It That WayBitcoin on H1 remains locked inside a clearly defined range, with price oscillating between a defended support zone near the lower boundary and a heavy resistance band overhead. The sharp rejection from resistance confirms active sellers at the top, while repeated bounces from support show that buyers are still willing to defend the range. This back and forth price action reflects balance and liquidity building rather than trend continuation, with momentum paused after the prior impulsive move. Structurally, BTC is showing overlapping candles and failed follow-through in both directions classic range behavior. As long as price remains capped below resistance, upside attempts are corrective, not impulsive. A rotation back toward the mid-to-lower range remains the higher-probability path unless acceptance above resistance is achieved with strength. From a macro perspective, this consolidation aligns with a broader wait-and-see environment across risk assets. Markets are currently sensitive to U.S. macro data and expectations around Fed policy, with no clear catalyst pushing liquidity decisively risk-on or risk-off. This macro indecision is mirrored directly in Bitcoin’s price action, where volatility compresses and directional conviction fades. In summary, Bitcoin is not breaking it is balancing. Until macro conditions and liquidity provide a clear push, BTC is likely to continue rotating within the range. The edge lies in patience: wait for a clean range resolution with intent, not anticipation.
BITSTAMP:BTCUSD
by Matthew_TradeRFX
Ethereum Is Still Under PressureEthereum on H1 remains locked inside a well-defined descending channel, with price continuing to respect the trendline resistance and failing to regain the key resistance zone around the 2,920–2,950 area. The recent bounce from the lows lacks impulsive strength and is forming overlapping price action, indicating a corrective rebound rather than a trend change. As long as ETH remains capped below channel resistance, downside risk stays active, with price vulnerable to another rotation lower toward the support zone near 2,780–2,750 and potentially deeper if selling pressure accelerates. From a macro perspective, this technical weakness aligns with a cautious risk environment. Broader crypto markets are still sensitive to USD strength, real yields, and year-end positioning, where liquidity is thinner and downside moves can extend quickly if confidence fades. With no clear liquidity expansion catalyst yet, Ethereum lacks the macro support needed to break its bearish structure. In summary, ETH remains in a bearish corrective phase within a downtrend. Below resistance, rallies are sell-side rotations, not opportunities to chase longs. The edge remains with patience and waiting for either a clear breakdown into demand or a structural reclaim that shifts both technical and macro alignment.
COINBASE:ETHUSDShort
by Matthew_TradeRFX
Gold (XAU/USD) Analysis: Triangle Breakout Strategy Aaj Gold (XAU/USD) ke 1-hour chart par ek clear Symmetrical Triangle pattern banta nazar aa raha hai. Price ne triangle ki lower support line ko break kiya hai, jo ek potential Bearish Move ka ishara hai. Entry: Current market price ($4,326 ke aas-paas) ya retest par. Stop Loss: $4,351 (Triangle ke pichle high ke upar). Take Profit: $4,292 (Next support zone). Market mein volatility ho sakti hai, isliye hamesha proper risk management ka istemal karein. Aapka is setup ke baare mein kya khayal hai? Comment mein batayein! 🚀 #GoldAnalysis #ForexTrader #TechnicalAnalysis #XAUUSD #PriceAction #TradingTips #TradingView
BLACKBULL:XAUUSDShort
by AllBeginner
EURUSD 30M : Bearish Breakdown + Waiting for Reaction DemandEURUSD (30-Minute) – Bearish Continuation Toward a Key Reversal & Liquidity Zone This EURUSD 30-minute chart highlights a clear shift in momentum from bullish correction to bearish continuation, with price now moving aggressively toward a well-defined reversal and liquidity area. The structure, candle behavior, and zones marked on the chart suggest that the market is entering a decision phase where patience and confirmation are essential. Market Structure & Price Behavior Initially, EURUSD experienced a sharp bullish impulse, followed by a corrective phase that formed a rounded / sloping structure (highlighted in green). This type of price action often represents distribution, where buyers gradually lose control while sellers build positions. As price reached the upper boundary of this corrective structure, bullish momentum clearly weakened. The market then produced a strong bearish displacement candle, breaking below short-term support and signaling that sellers had regained control. Momentum Shift & Breakdown The recent bearish candles show strong body closes with minimal lower wicks, which confirms selling pressure rather than stop-hunting. This is not a random pullback — it is a decisive move, suggesting that price is likely to continue lower unless strong buying appears at a key zone. The break of structure (BOS) to the downside confirms that EURUSD is currently bearish on the intraday timeframe. Reversal Zone (Primary Area of Interest) The marked Reversal Zone below current price is a high-probability area where: Previous buying interest was present Liquidity may be resting Short-term sellers may take partial profits However, the chart clearly states “Pattern Need”, which is critical. This means: No blind buying in the zone Wait for price action confirmation such as a strong rejection, bullish engulfing, or clear structure shift Only if such a pattern appears does a counter-trend buy become valid. Failure Scenario & Drafted Zone If price fails to react at the first reversal zone and breaks through it with momentum, the probability increases for a deeper bearish continuation. In that case, price is likely to move toward the Drafted Zone, which represents a deeper liquidity pool and a more attractive area for potential reactions. The vertical projection on the chart highlights a 2x measured move, reinforcing the idea that momentum can extend if buyers remain absent. Trading Psychology & Risk Management This setup is a textbook example of waiting, not predicting. The market has already shown its bearish intent. The correct mindset here is: Sell with the trend after pullbacks Or buy only after confirmation at key zones Entering without confirmation increases risk and reduces probability. Summary EURUSD is currently bearish on the 30-minute timeframe, with price approaching a critical decision area. The next valid trade depends entirely on how price behaves inside the marked zones. Either we get a confirmed reversal pattern for a short-term bounce, or continuation toward deeper liquidity.
Short
by GoldMasterTrades
BTC Is Trapped — The Next Move Won’t Be SmallBTCUSD (H4) — Technical & Macro Analysis 1) Market Structure - Bitcoin is currently trading inside a well-defined range / accumulation zone, capped by a strong Resistance Zone above and supported by a clear Support Zone below. - Price is still below EMA34 and EMA89, meaning short-term momentum remains neutral-to-weak until these levels are reclaimed. - Overall structure confirms a sideways market, not a confirmed trend yet. 2) Key Technical Levels - Key Resistance / Pivot: 88,000 – 89,400 → Reclaiming this zone is required to shift momentum bullish. - Mid-range target: 90,000 – 92,000 - Major Resistance (Range High): 94,000 – 95,000 - Local Support: 85,000 – 86,000 - Critical Support (Range Low): 82,000 – 83,000 3) Price Behavior - Failure to hold above the EMAs shows buyers are still cautious. - However, repeated defense of the 85k–86k zone suggests accumulation rather than distribution. - This is classic range behavior: build liquidity → fake moves → real breakout later . 4) Scenarios Ahead Primary Scenario (Preferred): Sideways Accumulation → Push Higher - Condition: Price holds above 85k–86k and reclaims 88k–89.4k. - Target path: 90k–92k → 94k–95k. Alternative Scenario: Rejection → Retest Support - If BTC is rejected again at the EMA resistance zone, price may revisit 85k–86k, or deeper toward 82k–83k. Invalidation: A clean breakdown below 82k–83k would invalidate the range structure and open downside risk. 5) Macro Context - Fed policy uncertainty keeps risk appetite cautious. - High bond yields & strong USD continue to pressure risk assets. - Major US data (CPI, NFP, PCE) often trigger volatility, but price typically compresses before these events. - Liquidity conditions favor accumulation and consolidation, not impulsive trends. Summary BTC remains in a clear consolidation phase. Until a strong breakout occurs, the market should be traded as a range with patience, confirmation, and strict risk management. What do you think about BTC at this key zone?
BITSTAMP:BTCUSDLong
by Raphael_TraderGOLD
EURUSD Analysis : Bullish Bias Setup + Demand Zone + ReversalEURUSD – 30 Minute Chart Analysis Market Structure Overview EURUSD initially moved in a strong bullish trend, creating higher highs and higher lows. This impulsive rally shows aggressive buying pressure and momentum expansion. However, after reaching the recent high, price failed to sustain upside continuation and started showing loss of bullish strength. This shift marked the beginning of a distribution phase, where smart money began offloading positions rather than pushing price higher. Breakdown from Consolidation After the top formation, price entered a tight consolidation / triangle structure, signaling indecision and compression. This pattern acted as a continuation structure to the downside. Once price broke below the triangle, it triggered a strong bearish continuation, confirming that sellers had taken control. The breakdown was clean, impulsive, and backed by strong candle bodies — a clear sign of bearish displacement. Liquidity Sweep & OPL Reaction Following the breakdown, price aggressively moved lower, sweeping liquidity below recent lows. The OPL level acted as a minor pause point but failed to hold, confirming that buyers were weak and stops were being consumed. This move was necessary to clean out weak longs before price reached a more meaningful demand area. Reversal Zone (Demand Area) The highlighted Reversal Zone at the bottom is a key demand / accumulation area, where price previously showed strong bullish reactions. As price entered this zone, selling pressure slowed, and small bullish candles began to appear, signaling potential absorption of sell orders. This behavior suggests that smart money may be accumulating long positions at discounted prices. Potential Recovery Scenario If price continues to hold above the reversal zone and forms: Higher lows Bullish engulfing candles Strong rejection wicks Then a corrective bullish move becomes likely. The projected path shows a step-by-step recovery rather than an aggressive reversal, which is typical after a sharp sell-off. Bearish Invalidation If price closes decisively below the reversal zone with strong momentum, this bullish recovery idea becomes invalid. In that case, the market may continue lower toward deeper liquidity zones. Trader’s Mindset This is a reaction-based setup, not a prediction. The best trades will come only after confirmation inside the reversal zone. Patience here separates disciplined traders from emotional ones. Key reminders: Zones are areas, not exact prices Confirmation > early entry Protect capital first Final Thoughts EURUSD is currently trading at a high-decision demand zone after a strong bearish move. The next candles will be crucial in defining whether this is just a pause or the beginning of a meaningful recovery. Let price confirm before committing to a trade.
Long
by GoldMasterTrades
1
Gold Is Holding Firm Into Year-End — A Santa Rally Is Setting UpGold on H4 continues to trade in a strong bullish structure, consolidating just below the key resistance zone around the previous high. Price is holding comfortably above the rising EMA base, with higher lows intact, confirming that buyers remain in control despite short-term pullbacks. This sideways-to-higher behavior beneath resistance signals absorption rather than distribution, as selling pressure fails to force acceptance below the support zone. Structurally, this is a classic bullish consolidation, where the market pauses to build liquidity before the next directional move. From a macro perspective, the setup is supported by typical year-end dynamics. As liquidity thins into the Christmas period, markets often shift into range compression followed by sharp directional expansions. At the same time, expectations around U.S. monetary policy remain tilted toward easing in 2025, keeping real yields capped and limiting sustained USD strength. Combined with ongoing geopolitical and macro uncertainty, this environment continues to favor Gold as a defensive asset. As long as price holds above the support zone and maintains acceptance below resistance, the bullish bias remains intact. A clean breakout and hold above resistance would likely open the path toward a new ATH, while failure to break simply extends consolidation rather than signaling a top. For now, this is a patience phase OANDA:XAUUSD is not stalling, it is positioning.
OANDA:XAUUSDLong
by Raphael_TraderGOLD
1
Gold Is Trapped Between Control ZonesGold on H1 remains locked inside a clearly defined range, with price oscillating between a well-defended support zone around 4,260 and a heavy resistance band near 4,350–4,360. The broader structure is still constructive, as higher lows continue to form above the rising EMA base, confirming that buyers have not lost control. Repeated failures to accept above resistance show that sellers are active at the highs, compressing price rather than reversing the trend a classic balance phase where liquidity is building on both sides. From a macro perspective, this consolidation aligns with a cautious market stance ahead of key U.S. data and ongoing uncertainty around Fed policy, where neither USD strength nor risk-off flows are decisive enough to force a breakout. As long as real yields remain capped and expectations around rate cuts stay supportive, downside moves in Gold are more likely corrective than trend-breaking. A clean acceptance above the resistance zone would signal macro and technical alignment for expansion toward new highs, while rejection simply prolongs consolidation and reinforces patience. In this environment, chasing moves inside the range offers low edge the opportunity emerges only when price exits the box with clear intent.
OANDA:XAUUSDLong
by Raphael_TraderGOLD
Gold Is Compressing Under ATH — Macro Is Still on Its SideHello Guys Gold on H1 remains in a bullish consolidation just below the previous high around 4,380, with price rotating cleanly inside a well-defined range. This structure reflects strength, not exhaustion: pullbacks are shallow, higher lows continue to form, and sellers have failed to generate acceptance below the support zone. Price behavior suggests absorption, where supply is being gradually consumed while the market builds energy for expansion rather than reversing. From a macro perspective, this consolidation aligns with a supportive backdrop for Gold. Expectations around U.S. monetary policy remain tilted toward easing rather than renewed tightening, keeping real yields capped and limiting USD upside. At the same time, persistent geopolitical and macro uncertainty continues to underpin demand for safe-haven assets. These conditions reduce the probability of a deep corrective sell-off and favor sideways-to-higher price action instead. As long as Gold holds above the support zone and continues to accept value below ATH, the broader bias remains bullish. A clean acceptance above 4,380 would signal alignment between technical structure and macro conditions, opening the door for a push toward a new ATH. Until that breakout occurs, this remains a patience phase consolidation is the setup, not the signal. What do you think about OANDA:XAUUSD ?
OANDA:XAUUSDLong
by Gold_Dominator
Gold Is Not at a Top — It’s Compressing Below HistoryGold continues to trade in a strong bullish structure on H4, with a clear sequence of higher lows confirming that buyers remain firmly in control. After the impulsive leg up, price is now consolidating directly below the previous highest high around 4,380 a textbook bullish consolidation rather than a distribution phase. This range-bound movement shows that selling pressure is being absorbed, not expanded, as pullbacks remain shallow and demand consistently steps in. As long as price holds above the higher-low base of the consolidation, the broader bias stays bullish, and this sideways action should be viewed as a buildup of pressure. A clean acceptance above the 4,380 resistance zone would likely trigger continuation toward a new ATH, while failure to break simply extends the consolidation, not invalidates the trend. This is a wait for expansion environment patience is the trade.
OANDA:XAUUSD
by Gold_Dominator
2
EURUSD Hits the Ceiling — Gravity Takes OverEURUSD – H1 MARKET ANALYSIS Market Structure EURUSD has completed a strong impulsive move to the upside and is now showing clear signs of exhaustion. Price failed to sustain above the recent high and has started to rotate lower, indicating that bullish momentum is weakening. Key Zones Resistance Zone: The marked supply area has been respected multiple times. Price is currently reacting from this zone, confirming strong seller presence. Support Zone: A major demand zone sits below, acting as the next logical downside target if rejection continues. Price Action Behavior After tapping the resistance zone, EURUSD is forming lower highs and bearish candles, suggesting distribution rather than continuation. This structure favors a corrective or bearish move rather than immediate upside continuation. Primary Scenario (High Probability) - Price continues to reject from the resistance zone - Short-term consolidation or minor pullback - Extension to the downside toward the support zone Alternative Scenario If price reclaims and holds above the resistance zone with strong bullish momentum, the bearish bias is invalidated, and a continuation higher may occur. However, this scenario currently has lower probability. Conclusion The market is transitioning from bullish momentum into a corrective phase. As long as price remains below the resistance zone, selling pressure dominates, and traders should focus on short opportunities toward the support zone with disciplined risk management. What do you think about EURUSD at this resistance level?
by Matthew_TradeRFX
Gold Is Quiet — And That’s Exactly When Breakouts Are BuiltGold is not breaking out yet — it is building pressure. After the impulsive move, price is now compressing inside a clear accumulation zone, showing repeated defenses from buyers while sellers fail to push price meaningfully lower. This sideways structure signals absorption rather than weakness. As long as Gold holds above the 4,260–4,270 key zone, the broader bullish structure remains intact and the market is preparing for expansion. A clean break and hold above this range would open the path toward breaking the old ATH. Until that happens, this is a patience phase not a chase phase.
OANDA:XAUUSDLong
by Matthew_TradeRFX
Gold Stays Bullish — Today Is About Timing, Not DirectionXAU/USD — Market Briefing (H1) Market State Gold is holding a bullish continuation structure after completing the ABC correction. Price remains above key moving averages, confirming buyers are still in control. The current price action shows impulsive recovery waves, indicating momentum is rebuilding rather than fading. Structure Bias – Trend: Bullish (intraday) – Price holding above dynamic MA support – Pullbacks remain corrective, not structural breakdowns Key Levels – Resistance / POC: 4,353 – 4,380 – Mid Support (MA): ~4,300 – Demand / Buy Zone: 4,263 – 4,266 Today’s Scenarios Primary Scenario — Bullish Continuation – Price continues higher toward the POC / resistance zone – Short-term pullbacks may occur to absorb supply – Upside expansion remains the preferred path Alternative Scenario — Technical Pullback – Rejection at resistance – Price pulls back into dynamic MA support – Structure remains bullish unless MA support fails Intraday Trading Plan (Dec 17) Setup 1 — Sell Reaction (Counter-Trend) – Sell Zone: 4,353 – 4,356 – TP: 4,350 – 4,345 – SL: 4,360 Setup 2 — Buy Continuation – Buy Zone: 4,263 – 4,266 – TP: 4,269 – 4,274 – SL: 4,259 Gold remains bullish intraday. Focus on buying pullbacks, manage risk carefully near resistance, and avoid chasing price. Structure favors continuation as long as key supports hold.
OANDA:XAUUSDLong
by RexTraderSignal
Long Comcast CMCSATrading Fam, Not getting many long signals from my indicator these days. When I do, I pay attention. In this case, I've received two long signals on the same stock. Though, I am currently only short (and in the profit on both: TSLA and PLTR), I've decided to enter here long on Comcast. My indicator rarely fails me when it signals on these high MC/high vol. stocks. So, I will listen. On the technical side, I am seeing a nice trendline, which, if my indicator is correct, we will break to the upside on soon. Should at least fill that recent gap down and hit the 50 SMA fairly quickly. It may be worth taking some profit at that point and raising stops to break even. I expect we'll hit our heads on that 50 SMA and draw back for a day or two at least while we wrestle around with it for a little. And then, should we break to the upside, we'll move quick. My final target may even be set too low at this point. I am trading cautiously. But we could tag the underside of that 200 SMA in red before buying subsides to some degree. I'll probably leave a little on the table for this scenario while trailing my stops up as I grab profit. Conservative target is around $30 with a SL at around $25.50 for a 2:1 rrr. Setting a final target of that 200 SMA would increase your rrr to 5:1 with a potential profit of 23%. ✌️Stew
NASDAQ:CMCSALong
by stewdamus