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Technical Analysis

Navigating $GS: Key Levels and Strategic Entry Points UnveiledDive into our latest analysis on Goldman Sachs ( NYSE:GS ) as we explore crucial price levels identified in yesterday's meeting. This TradingView update unveils potential strategies for both calls and puts, guiding you through informed entry and exit points. Whether you're looking to capitalize on upcoming movements or safeguard your portfolio, our insights into NYSE:GS 's price action could be your roadmap to trading success. Join us as we decode the market signals and strategize for what lies ahead.
NYSE:GSLong
by Solidified
US30: Thoughts and Analysis post-CPIToday's focus: US30 Pattern – Consolidation range Support – 38,550 Resistance – 39,165 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 daily. Yesterday's CPI didn't cause any serious moves but did show that inflation remains stubborn. Today, we have run over what we are watching on the US30 and the current main levels that are forming a price pattern. Will we see a new test and break of resistance, or could we be in for further consolidation? Good trading.
EIGHTCAP:US30Long
by Eightcap
XRP: Buyers are back at key resistance Today's focus: XRP Pattern – Resistance Test Support – .5778 Resistance – .7265, .8200 Hi, traders; thanks for tuning in for today's update. Today, we are looking at XRP daily. So far today, we are seeing weaker prices after XRP surged back above 70 cents. Buyers once again look to be stalling at key resistance, which has been in place since July 2023. Will broader market momentum contnue to push prices higher and break resistance, or could we see a new test lower while resistance remains in play? Good trading.
EIGHTCAP:XRPUSD
by Eightcap
EURUSD: Thoughts and Analysis Today's focus: EURUSD Pattern – Continuation (Bullish) Support – 1.0794 Resistance – 1.0855, 1.0896 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the EURUSD on the daily chart. Will we see the EURUSD set off on a new continuation higher? Bulls have broken the downtrend and formed a higher low. We have a trigger bar, but we still need to see confirmation with a break of resistance. The USD also plays a part in this story, and we have some news that could aid and hurt the EURUSD picture this week. Good trading.
Long
by Eightcap
GME's Swing to $290? Falling Wedge Breakout Alert! 📊✨ GameStop's Falling Wedge Formation: A Swing Trade Analysis Introduction: In the ever-volatile realm of the stock market, GameStop (Ticker: GME) has caught the eye of traders once again with its intriguing chart pattern formation. A closer look reveals a falling wedge setup, a classic bullish pattern that suggests a potential reversal from the downtrend. Analysis: The falling wedge pattern in GME's chart is characterized by converging trend lines that have been forming over the past months. This pattern typically indicates that the selling pressure is starting to wane, and a bullish reversal might be on the horizon. As we dissect the chart, the immediate target for this swing trade appears to be the top of the wedge. This level, acting as a significant resistance in the past, could be the first milestone GME might hit as it attempts to reverse its downtrend. Long-Term Swing Target: Looking beyond the immediate resistance, the longer-term target for GME could be in the vicinity of the ~$290 region. This ambitious target is derived from the height of the wedge projected upwards from the breakout point, a common practice among traders to determine potential swing targets in wedge patterns. Strategic Considerations: For traders considering this setup, it's crucial to wait for a confirmed breakout above the wedge pattern. Volume should accompany this breakout to validate the move, providing a stronger conviction for the long position. Risk Management: As with any trade, risk management is paramount. Setting a stop-loss below the lower trend line of the wedge or at a recent swing low inside the wedge can help mitigate potential losses should the pattern fail to materialize as expected. Conclusion: The falling wedge formation on GameStop's chart presents an intriguing opportunity for swing traders. With a careful approach, focusing on confirmation and risk management, this setup could offer a favorable risk-reward ratio, aiming first for the top of the wedge and then potentially for the longer-term target in the ~$290 region. Disclaimer: This analysis is for educational and informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
NYSE:GMELong
by STP_MrNodeItAll
3
Top-Down Analysis (The CORRECT Approach!)In this video I go through how to effectively do a top-down analysis, and avoid common mistakes. This can apply to any type of trading methodology, but here the focus will be on ICT’s liquidity and inefficiency concepts. This topic is important to traders who are keen on improving their win-rate and catching those higher RR trades. Whilst those things don’t define a successful trader, only consistent profitability and sound risk management do, I believe an effective top-down approach to framing trades is a worthwhile endeavor. Better trade setups give you less stress, more profits, and more freedom of time. What is a "top-down analysis"? It is basically doing your analysis on a higher timeframe to get in line with where you or your strategy is showing price is likely moving to, then on a lower timeframe to wait for your trade setup to form, and then either entering on that timeframe or going to an even lower timeframe for an entry signal. For example, if the weekly chart is bearish, and you see a bullish candle on the hourly chart, you may be fooled into trading in the wrong direction. For the highest probability, you need to be in sync with the higher timeframe. My approach is split into 3 parts: 1. I have my BIAS which is built on the monthly, weekly, and daily timeframe. This helps me determine the direction I want to trade in. If my analysis is bullish, I want to look for longs, and vice versa for shorts. 2. Then I have my NARRATIVE, aka my ‘story’ of how my setup may form on a lower timeframe, usually the 1-4h timeframe. For example, I may be looking for a specific pool of liquidity to be swept at a certain time of the day. 3. Thirdly, I have my CONFIRMATION, which is usually based on the 5-15m timeframe. I hope you found this video insightful and that it helps enhance your trading. If you need clarification about the content, or you are still struggling with finding your groove as a trader and need personal guidance or mentorship, feel free to reach out to me via TradingView’s private message or on X (formerly known as Twitter). Til next time, happy trading. - R2F
Education
by Road_2_Funded
Silver: Thoughts and AnalysisToday's focus: Silver Pattern – Breakout test. Support – 21.90, 22.84 Resistance – 23,45 23.19 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Silver on the daily chart. Looking at Silver, we see that price continues to pull back after breaking out of a triangle-based squeeze pattern. This is fine after a breakout but we want to see 22.84 hold as support for buyers. If it does, we will look for a move to retest resistance, set up a range break, and possibly confirm a new up trend. If sellers break 22.84 support, this could be a worry, and if other factors weigh in, like metals sector selling and or a firmer USD, this could lead to deeper tests to the downside. Do you think buyers can hold and set up a new push higher? Good trading.
EIGHTCAP:XAGUSDLong
by Eightcap
Video Explanation of SPA Low Marketcap, Very Bullish OverallWith a Previous high of $0.20 in a Bear Market This Coin being a Penny is pretty significant. We've been forming a support line that's been relevant for at least 18 months. Zooming in the Support Line was tapped 4 Times and looks like it has no intention on coming back. ADX is high looking as if it's going to continue going as such. MACD Still looks bullish as can be. This is a wonderful project i believe there's a lot of faith in. Let me Show you something interesting about SPA is it's recently been coming up on our market sifter and Breakout finder on the BTC Pair Tracking Tech Market Sifter, 📈 *Name*: Sperax 🔖 *Symbol*: SPA 💲 *Price*: $0.011076170319746786 📉 *24h Change*: -9.79% 📊 *7d Change*: -17.16% 💰 *Market Cap*: $18_737_070.61 🔄 *24h Volume*: $13_850_112.77 🏷️ *Tags*: alameda-research-portfolio, arbitrum-ecosytem, dwf-labs-portfolio Do Your Own Research as Always
Long
by Tracking_Technicals
Nickel: Thoughts and AnalysisToday's focus: Nickel (XNIUSD) Pattern – Diagonal Pattern Support – 15,840 Resistance – 17,198, 18,500 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Nickel on the daily chart. We have been watching Nickel for a few weeks now, traders, as the consolidation pattern continues to drag out. The shape of the pattern at this point is on the ending diagonal side. That can mean reversal, but it's far from a classic, and we have also run over some of the fundamental circumstances that have been driving Nickel lower since 2023. Will we see the downtrend resume with a new lower breakout, or could this consolidation pattern set up a new higher push by buyers? Good trading.
EIGHTCAP:XNIUSDLong
by Eightcap
BTCUSD: Weekly continuation?Today's focus: BTCUSD Pattern – Continuation (Bullish) Support – 41,450, 38,514 Resistance – 44,713, 47,540 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Bitcoin on the weekly chart. So far, so good, as buyers continue to push at resistance and push forward with a bullish continuation idea. After rejecting the last low and forming a doji candle pattern, buyers continue to do the right things for a potential continuation pattern. Will we see price contnue to push higher and test 47,540 resistance? We have also reviewed a few aspects of what to look for when scouting for a continuation pattern set-up. Good trading.
EIGHTCAP:BTCUSDLong
by Eightcap
Oil: Thoughts and AnalysisToday's focus: Oil Pattern – Support Hold Support – 71.80 Resistance – 78.80 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Oil. After a solid three-day decline, buyers have put up a fight from 71.80, but is this enough to hold the current uptrend? A break below yesterday's bar with a trend break could suggest that the current move lower has further to go. We have reviewed a few scenarios we are looking for, depending on what we see today. Good trading.
EIGHTCAP:USOUSD
by Eightcap
USDJPY: Thoughts and AnalysisToday's focus: USDJPY Pattern – Consolidation Watch Support – 146.20 Resistance – 148.50, 151.70 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the USDJPY. After US employment data shocked on Friday and lifted the USD, we are wondering if we will see trend continuations on the USDJPY. So far, the price continues to travel on its uptrend after breaking the last downtrend in December. The key for buyers now is a break of 148.50 resistance. If we see that break, we will be waiting to see if buyers can retest 151.70 resistance. A close below 146.20 would be a worry for buyer momentum. Good trading.
Long
by Eightcap
GBPUSD: Analysis Pre BOE Rate decision. Today's focus: GBPUSD Pattern – Consolidation Watch Support – 1.2665, 1.2610 Resistance – 1.2751 Hi, and thanks for checking out today's video update. We are looking at the GBPUSD today as the price continues to consolidate in a rough ending diagonal pattern. We have also chosen the cable as we have the UK rates decision to come out later today. Depending on what we see from the BOE, this could be a catalyst to break the price out of its current deadlock. Yes, we do have a consolidation in an uptrend but its not a traditional continuation pattern so we are waiting to see if, and where price breaks ou before we start thinking about directional calls. Rates are expected to remain on hold, so we will be looking for policy clues in the statement. Will we see a breakout today? We have run over scenarios for price and points we will look at for potential confirmation. UK Interest Rate decision is due today at 11:00 pm. Good trading.
by Eightcap
1