? Structure: Pivot zone marked around 0.8200 (purple line + yellow zone). Support below at ~0.8160. Resistance around 0.8240. Currently trading at 0.82137, trying to reclaim the pivot zone. ? Price Action Outlook: Bearish Bias: Based on the projected path, the expectation is for USD/CHF to: Reject near 0.823–0.824. Retest the pivot zone and fail to hold. Begin a slow grind down back to the 0.8160 support, and potentially break it toward 0.8080. ? Volume: Volume appears mixed but increasing slightly — indicating growing interest at this level, possibly setting up for a breakout (or breakdown). ? Fundamentals ? USD Side: Recent U.S. CPI & Fed rhetoric suggest inflation is sticky. Rate cut expectations are being delayed, which supports the dollar in general. However, geopolitical tensions and slowing data may keep the USD volatile. ? CHF Side: Swiss Franc remains a safe-haven currency. SNB (Swiss National Bank) has adopted a relatively dovish stance but supports stability. If global risk sentiment worsens, CHF may strengthen despite policy stance. ? Combined View: Risk-off sentiment = CHF strength Strong USD = resistance holding This combo fits with the technical expectation of a fade from resistance and downtrend continuation. NOTE: If USD/CHF fails to stay above the pivot (0.8200), we could see a slow bearish fade back toward 0.8080, as fundamentals hint at CHF strength returning amid global uncertainties.
Dow jones 38500? The Dow Jones Industrial Average (DJIA) has been experiencing volatility recently, influenced by factors such as weak earnings reports and global economic concerns. The index fell 507 points (1.3%) in its latest session, primarily due to a sharp decline in UnitedHealth shares following an earnings miss
https://www.tradingview.com/x/NdCtNuYN/ Yesterday's candlestick closed as a bear bar near its low with a long tail below. In our previous report, we said the bulls need to create consecutive bull bars closing near their highs to increase the odds of a minor pullback towards the 20-day EMA or April 10 high area. The market traded above the prior day's high (16 April) but the follow-through buying was limited. The market then reversed to close near its low. Currently, in the night session, the market gapped up and is an inside bull bar with a prominent tail above. The bulls want a reversal from a wedge pattern (Mar 25, Apr 9, and Apr 16) and a lower low major trend reversal. While the market traded higher today (April 17), the bulls couldn't create sustained follow-through buying. They must create consecutive bull bars closing near their highs to increase the odds of a retest of the 20-day EMA or the April 10 high. They hope tomorrow (Friday) will close as a strong bull bar so the weekly candlestick will have a long tail below and close above the middle of its range. The bears want a retest of the January low. They want a large second leg sideways to down with the first leg being the April 2 to April 9 low. They see the current move forming a double top bear flag (April 15 and April 17). They want a strong retest of the April 16 low, followed by a strong breakout below. They want a big bear bar closing near its low tomorrow (Friday) so that the weekly candlestick will be a strong bear bar. If this is the case, the odds of the market trading at least a little lower the following week will increase. Exports for the first 15 days are up ITS: 16.95%, AmSpec: 13.55%. Production is slowly picking up, but not in a big way yet. Refineries' appetite to buy physical remains lukewarm with the recent sharp falling market. The market remains Always In Short. The recent selling has been climactic and slightly oversold. However, the bulls attempted to create reversals in the last 2 days but both times had limited follow-through buying, with the market reversing to close lower. The bulls are not yet strong. The move down since April 10 has a lot of overlapping candlestick. (see the 4 hr chart below). While the tight bear channel means persistent selling, the overlapping candlesticks indicate a weaker down phase than the first leg down (April 2 to April 9). https://www.tradingview.com/x/UF8fMAaA/ The market formed a tight trading range in the last 3-4 days (small yellow box). The market is in breakout mode. Traders will wait for a breakout from either direction and trade in the direction of the breakout. Until then, traders may continue to Buy Low and Sell High (between 4000 and 4080). The U.S. market will be closed tomorrow for Good Friday. For now, traders will see if the bears can create a strong bear bar breaking below the April 16 low. Or will the market trade sideways followed by a retest and breakout above the 4080 level instead?
https://www.tradingview.com/x/Vhdfa7wU/ My dear friends, Today we will analyse DXY together☺️ The in-trend continuation seems likely as the current long-term trend appears to be strong, and price is holding below a key level of 99.125 So a bearish continuation seems plausible, targeting the next low. We should enter on confirmation, and place a stop-loss beyond the recent swing level. ❤️Sending you lots of Love and Hugs❤️
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 3280 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 3280 support and resistance area. Trade safe, Joe.
Analysis of gold market trend: Technical analysis of gold: Today in the Asian session, gold directly rushed to the 3357 line, continuing the previous upward trend. The spot gold price in the Asian session has once again hit a record high, breaking through $3350 for the first time. The US dollar index fell close to a three-year low, triggering a sharp rise in market risk aversion, pushing up gold prices. The current basic trend of gold rising has not changed, and the bulls are strong. However, from the perspective of time nodes, even if you are bullish today, you must pay attention to the adjustment space at any time. The Asian session hit a high and fell back, and the European session did not continue to rise but fluctuated and fell. Attention should be paid to the second bottoming out in the evening. In addition, the market will be closed tomorrow, Friday, and will not open normally until next Monday; therefore, today, Thursday, we must do a good job of risk prevention; such as short positions, such as adjusting positions, and so on. In the short term, gold is now likely to start a large range of fluctuations again. The 1-hour inverted V trend has begun. Gold will either start a large range of fluctuations or make adjustments. If there is no support from bullish news in the short term, then the short-term gold bulls may be suppressed. Due to the rest tomorrow, do less and wait and see. Gold will be operated next week in combination with the news over the weekend. The recent market has been ups and downs, and I can finally take a good rest for three days to relax the tense atmosphere. The recent ups and downs of gold are like an electrocardiogram, which affects the hearts of everyone who pays attention to gold. It is mainly too active. Maybe you drink a sip of tea and smoke a cigarette, and gold goes back and forth for more than ten US dollars. So, don't be too bullish today. If you are bold, go short, and if you are prudent, just watch the show! Overall, today's short-term operation strategy for gold is mainly to go short on rebounds, and to go long on pullbacks. The short-term focus on the upper side is 3315-3320 resistance, and the short-term focus on the lower side is 3245-3285 support. Friends must keep up with the rhythm. Gold operation strategy reference: short gold rebounds near 3315-3320, target near 3295-3285, and look at the 3245 line if it breaks. Strategy 2: Go long on gold pullbacks near 3280-3285, target near 3305-3315, and look at the 3320 line if it breaks.
Hello, looking at the Daily and Weekly, the Elliot Wave seems to be finishing up and I think this name got sold off from highs like everything else but a good name nonetheless. Fundamentally and technically name looks good for long setup to the $90s then $100. WSL
Conservative Trend Trade + long impulse + 1H / 1D level coincide + T2 level + support level + biggest volume 2Sp- Calculated stop limit 1 to 2 R/R take profit Daily Trend "+ long impulse + JOC test / T2 level + support level + 1/2 correction" Monthly Trend "+ long impulse + T2 level + support level - before 1/2 correction" Yearly Trend "+ long impulse - T1 level - resistance level"
Bitcoin is currently exhibiting a prolonged phase of sideways movement, trading within a clearly defined consolidation range. After a sharp move to the upside earlier this month, price has stalled and started to range between the resistance zone near $86,000 and support around $82,000. This type of price action typically suggests indecision in the market, where neither buyers nor sellers are in full control. The candles within this range are relatively choppy, with many wicks on both sides, further reinforcing the idea that this is a low-conviction environment. It reflects a battle between opposing market participants, and historically, such consolidations often precede strong directional moves. Until this range is broken, price is likely to continue moving sideways with potential for false breakouts and low-probability trade setups. The Consolidation Range The current consolidation is outlined with clear visual zones. The upper boundary acts as resistance and is highlighted in red, while the lower boundary, acting as support, is marked in green. The range itself is filled in blue, representing the broader area of indecision and price balance. This consolidation is not minor—it has held for several days with multiple rejections from both the resistance and support levels. The more time price spends within a range like this, the more significant the breakout is likely to be. Liquidity builds up at the highs and lows of these ranges, and eventually one side will be taken out, leading to an expansion move. Bullish Breakout Scenario If Bitcoin manages to break and close decisively above the resistance zone, this would signal a potential shift in market sentiment toward the upside. A breakout above this level is likely to trigger stop-loss orders from short-sellers and attract breakout traders entering long positions. The chart suggests that if this bullish breakout occurs, price will likely target the liquidity resting above recent swing highs, which are marked by the black horizontal lines. These levels represent areas where traders may have placed their stop orders, making them attractive targets for a price sweep. Following this, Bitcoin could enter a new trend phase, potentially setting up a continuation of the larger bullish structure that preceded the consolidation. It is important, however, to wait for confirmation. A clean breakout followed by a retest or strong follow-through volume would provide greater confidence in a bullish continuation. Entering prematurely could result in being caught in a false breakout, especially in a ranging market like this. Bearish Breakdown Scenario Alternatively, if price breaks below the support zone with conviction, this would be a clear bearish signal. A move below the lower boundary of the range would imply that the buyers have been exhausted and that sellers have regained control. In this scenario, the expectation is that price will seek out the inefficiencies and untested price action below, particularly the yellow zone marked on the chart. This area likely represents a previous gap or imbalance—zones where price moved rapidly in the past and did not spend much time. Such zones often act as magnets for price once a breakdown occurs, as the market seeks to fill in that inefficiency. This bearish move could lead to a significant drop, potentially targeting levels as low as the upper $70,000s or even lower, depending on how strong the selling pressure becomes. Much like the bullish scenario, it's critical to watch for confirmation. A candle close below support with strong volume would be an ideal trigger for this bearish thesis. No-Trade Zone and Strategy Until Bitcoin breaks out of this range in either direction, there are no clear high-probability trades. Entering within the range is inherently risky due to the lack of momentum and high chance of reversals. Whipsawing price action can easily trigger stop-losses and create frustration for traders trying to anticipate moves before confirmation. The most prudent approach in this situation is patience. Let the market show its hand. Once a breakout occurs, whether to the upside or downside, the path forward becomes more defined and trade setups with favorable risk-to-reward ratios will emerge. For now, this is a textbook no-trade zone—ideal for observing and planning, not for forcing entries. Conclusion Bitcoin is currently at a critical juncture. The ongoing consolidation is a precursor to a larger move, and while the direction is not yet confirmed, the zones of interest are clearly mapped out. A breakout above resistance will suggest a bullish continuation, targeting liquidity above recent highs. A breakdown below support will imply a bearish move toward the inefficiencies and untested price areas below. In markets like this, discipline is key. The goal is to avoid getting chopped up in the range and instead position yourself on the right side once momentum returns. The next breakout will likely set the tone for the coming days or even weeks—so patience now could lead to greater reward later. __________________________________________ Thanks for your support! If you found this idea helpful or learned something new, drop a like ? and leave a comment, I’d love to hear your thoughts! ? Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! ?
? #ADA/USDT ? SHORT ? Entry Zone 1: 0.6310 ? Entry Zone 2: 0.6340 ✅ Take Profit 1: 0.6205 ✅ Take Profit 2: 0.6063 ✅ Take Profit 3: 0.5926 ✅ Take Profit 4: 0.5784 ✅ Take Profit 5: 0.5587 ❌ Stop Loss: Above 0.6511 ? Recommended Margin: 2.5% - 5% ? Recommended Leverage: 5X - 15X ? Narrative: ADA/USDT is experiencing resistance in the 0.6310–0.6340 zone. Failure to break above this level could trigger a bearish move toward lower support zones. ? Market Context: Monitor overall crypto sentiment and Bitcoin’s trend; a strong BTC rally may invalidate this short, while a broader pullback could accelerate the downside. ⚠️ Risk Management: Place stops above 0.6511, size positions carefully, and remain flexible if price action shows unexpected strength. ⚠️ Take Care of Risk Management for Your Account