the Gold (XAU/USD) 1H chart is showing a pullback towards the broken dynamic support, which could now act as resistance. This setup suggests that Gold may continue to decline from here. Key Points: Pullback to Broken Support: Gold is currently testing the broken dynamic support, and this often leads to a downward move if the resistance holds. Short Setup: A short position could be considered with a stop-loss placed just above $2650, which is the key resistance level. Conclusion: This pullback could be the perfect setup for a short trade, but always manage your risk. If the price breaks above $2650, reconsider the trade. Note: This analysis is based on technical patterns, always trade responsibly and with proper risk management.
Today's pattern suggests the SPY will attempt to move a bit higher after finding support in early trading. The one BIG event over the past 5+ trading days is the SPY rallying above the Ultimate High level - breaking into a confirmed Bullish price trend. This is part of what I'm trying to teach you: the patterns, techniques, thinking, and logic behind my decisions are based on mechanical price structures/processes. Once you understand the structures and price patterns, it is simple to try to understand. Fibonacci Price Theory teaches you to follow price as the ultimate indicator - measuring and marking ultimate, unique, and standout highs/lows as trigger points. AnchorBar theory teaches us to watch for breakaway or breakdown bars as precise indications of price trend direction/momentum. The Excess Phase Peak patterns represent a more nuanced price pattern that can assist us in determining the current "phase" of the markets and how we can expect prices to react to that phase. If you understand these three concepts, I believe you, as a trader, can unlock any price action and determine what type of trend we are currently in for any symbol/interval and where your opportunity lies for potential trades. I will continue to delve further into trading and teaching techniques to reinforce these techniques in the future. Stay cautious as the markets are still struggling to find a post-election trend. The Anomaly Event is still likely, but the probability of such an event has fallen to about 30-40% overall. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
The #altcoin rally you saw was just a trailer. It is about to kick into high gear. Don't miss the next NASDAQ:OM rally. It's ready for another run ? #MANTRA #RWA #OM #Binance
We were in short at last setup, Price was running 40 pips and flown, so we have recovered our last setup loss, I provided the signal for recovery in my channel, Now i'm looking for long opportunity. I have already shared my idea but chart was half, so that i l'm sharing this one
This chart says it all for who understands. EOS was left behind for all years until 2024. The change has come, the project is reborn. The old 15$ top versus the current price of 1$ means a 15x. However, looking at the EOSBTC pair, things could go much more powerful.
Monday December 2 This Weekly Outlook, I still see Gold bearish and head towards the previous monthly low of November ~ 2560. For Intraday Speculation and updates, feel free to connect to the Trade Room
Buy setup... Eurusd min 1.5rr Follow at your own risk. This is not financial advice. I am not licenced financial advisor.
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? #BTC 3-Hour Chart Update! ? Which side of the triangle will break? ? This key moment could present fantastic trading opportunities! Be patient, stay alert, and get ready to seize the moment! Your next move could lead to great gains. Let’s go! ??✨ #SRFXGlobal
US30 Analysis: Key Levels and Potential Scenarios The US30 (Dow Jones Index) has been navigating near significant levels after a strong bullish breakout, marked by a breakaway gap and a test of its previous All-Time High (ATH) at 45,097. As the price consolidates, traders are closely watching for signs of either a bullish continuation or a bearish correction. Below, we delve into the key levels and outline both bullish and bearish scenarios. Key Levels to Watch 1. Resistance Levels: - 45,198.3: Critical resistance and the upper boundary for the current bullish momentum. - 45,097: The ATH from November, which serves as a psychological level for bulls. 2. Support Levels: - 44,755: Immediate support to watch in case of a bearish pullback. - 44,405: Key support zone to hold the price within a bullish structure. - 43,900: Major support level coinciding with earlier consolidation and the breakaway gap zone. Bullish Scenario The bullish outlook remains strong as long as the price holds above the key support at 44,756. - Sustained trading above this level could pave the way for a retest of the 45,198 resistance. - A break above 45,198.3 would likely trigger a continuation toward the ATH of 45,097, with the potential for further upside into uncharted territory. - Traders should watch for a retest of the breakaway gap zone as confirmation of bullish strength. --- Bearish Scenario A bearish reversal may come into play if the price fails to hold above 4,7560 - A sustained move below this level could open the door for a correction targeting 44,404 and eventually 44,272. - If the bearish momentum intensifies, the next major support lies at 3,900, a critical zone that aligns with the breakaway gap. - A breach of 43,900 would signal a deeper bearish trend, with potential for further declines toward the next lower support zones. Key Levels Pivot Point: 44920 Resistance Levels: 45100, 45,198, 45,400 Support Levels: 44755, 44,404, 44,272 Conclusion The US30 is trading near critical levels, and its next move depends on whether the bulls can maintain control or if bearish pressures lead to a deeper correction. Traders should monitor the 44,756.3 support and 45,198.3 resistance for confirmation of the next directional bias.