After a long run over the years, Gold climbed up to 3200 USD/oz. The ETF GLL Ultra Short, which is leveraged by factor 2, seems to reach a bottom. Reasons for bottom - traded Volume very high - excellent Elliott-wave structure in several time periods Fear factor will be reduced: Toll Bomb will not exploded. Mr. Trump seems to go very elastic in these theme and will give time for negotions. All in All: Gold very clear for an first correction towards 2800-2900, later on 2500 USD/oZ
#FACTS -Breakout in SMH was 11 years back around 2014 and uptrend started -Last 10 years SMH just cannot be under the 200WSMA for long time -Since 2015 the bottom is at 0.5 fib retrace & takes 9 months + atleast 25% Pullback What are other confirming signals -SOXL 3x leveraged etf just had 2 days of Highest Volumes ever ! (leveraged funds arent good for charting but volume is a wake up slap in the face !) Last time that volume on soxl was 2020 bottom 2022 bottom so 2025 bottom ? MAYBE ? Got in AMEX:SOXL at $9-$10, once confirmed I will scale in for a swing
GBPUSD have already completed +200pips and more from my last analysis predictions today we have price making its way up to the buyside at 1.3205 after sweeping liquidity at 1.30434 am in on buy on market opening holding till new highs is created.....
ETH/USD is testing a key demand zone around the $1,600–$1,550 region, with a potential triple bottom forming. If the price holds this support and confirms bullish structure, a reversal toward $1,700 and beyond could follow. Trade Setup (Long): Entry Zone (Buy): $1,570 – $1,600 Stop Loss: Below $1,540 (structure invalidation) Target 1: $1,700 (resistance flip zone) Target 2: $1,840 Target 3: $1,940+ (full recovery potential) Bias: Bullish reversal Timeframe: 1H (short-term opportunity with potential for mid-term swing) Technical Factors: Strong multi-tap support zone Bullish rejection wicks and signs of accumulation Clean upside imbalance zones highlighted Disclaimer: Trade setups are for educational purposes. Use stop loss, confirm entry with price action, and manage your risk.
All structure is bullish so our bias remains bullish until the MTF (1H) breaks bearish. I have a bullish daily bias that is looking for the Daily supply level above this local high. Major News: Unemployment Claims - Thursday
On the weekly timeframe, Dogecoin (DOGE) formed a Symmetric Triangle and broke out bullish in November 2024. The breakout level, now support, was retested in April 2025. If this support holds, DOGE is likely to rally to a new all-time high, driven by community hype and market momentum. Failure to hold support could invalidate the breakout, risking a decline. Monitor the support zone and manage risks due to DOGE’s volatility.
ATOM has been moving within a well-defined sideways range between $4.03 and $5.08 for over two months now. Every time price touches the lower boundary, we’ve seen strong bullish reactions — and right now, we’re sitting right at that key support zone again. I'm entering a long position around $4.281 ? The idea here is simple: classic range trading setup with a clean invalidation point and an R:R close to 1:4. ? Entry: $4.281 ? Targets: → $4.325 → $4.369 → $4.426 → $4.497 → $4.569 ❌ Stop: $4.029 More thoughts in my profile @93balaclava Personally I trade on a platform that offers low fees and strong execution. DM me if you're interested.
A new week is about to get started and we would like to know if the NVIDIA Corporation (NVDA) chart supports a bullish Monday. What is the chart saying on the daily timeframe? The chart has many positive signals and support a strong week but... Good Sunday my fellow Cryptocurrency trader, how are you feeling in this wonderful day? I hope you are doing great. Let's read the chart; together, let's trade! The chart looks really good and the short-term can always surprise, anything goes. The chart is saying, "up, straight up," and even though the markets are unpredictable, I can easily tell you what the market is doing and is most likely to happen after the weekly close. NVDA is super bullish and likely to continue growing based on multiple signals: 1) The falling wedge pattern is already confirmed. The action broke above it. 2) The trading volume supports a continuation of the pattern breakout. 3) The correction was really strong but the reaction to support was even stronger. Such a strong reaction indicates that traders were anxious and ready to buy. The only reason to sell was based on political bad news. With the bad news removed, up we go. NVDA is solid and with Bitcoin and mining growing, the market expanding, AI, NVDA is set to follow and also grow. 4) Both the 0.786 and 0.618 Fib. retracement levels are major support and gauge the strength of a stock. If the action is happening below, bearish; when the action happens above bullish. The fact that the action moved below just to recover makes this a strong bullish signal. A failed signal for the bears because they failed to move prices lower. A strong bullish signals for the bulls because the action is back above long-term critical support. 5) The session 10-April closed as a hammer and this also points up. 6) Finally, NVDA managed to close daily above EMA8, EMA13 and EMA21. Short-term bullish bias is now valid, active and confirmed. All these are bullish signals saying that the market will move higher next. What needs to happen for all this to become invalid? NVDA would need to close daily below the last low. No need to worry about short-term moves and noise. We are going up long-term. The correction here reached more than 43%. Believe it or not, a 43% drop is a very strong drop. For the market to go lower, it would need to be the end of the company or worse. What need is there for a stock like this one, with a great product in huge demand, to drop by 80%, for what reason? We are going up. Namaste.
https://www.tradingview.com/x/FIlOTShJ/ Hello,Traders! EUR-CHF has hit a horizontal Demand level abound 0.9202 And we are already seeing a Local bullish rebound so Despite this being a counter Trend long, we will still be Expecting a local bullish Correction on Monday Because the pair seems to Be oversold, however, we Would suggest using small Lot size due to how risky and Volatile the market has been These last few weeks Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
? EUR/GBP Weekly Chart Breakdown – Long-Term Bullish Reversal in Motion Pair: EUR/GBP Timeframe: 1W (Weekly) Instrument: OANDA Chart Type: Candlestick Date: April 13, 2025 Pattern: Falling Wedge + Range Breakout ? Macro Chart Context: Multi-Year Range Consolidation The EUR/GBP has been stuck in a broad horizontal range since early 2022, defined by: Strong support at the 0.82000 level — a price floor tested multiple times. Resistance around 0.90400 — a ceiling where bulls were consistently rejected. This multi-year range reflects a long period of market indecision between the euro and pound, with price compressing tighter over time — a textbook environment for an explosive breakout. ? Primary Pattern: Falling Wedge (Bullish Reversal Pattern) The highlight of this setup is the Falling Wedge, which developed over nearly three years. This wedge is formed by: A down-sloping resistance line connecting lower highs. A down-sloping support line connecting lower lows. Multiple touches on both boundaries (marked with orange circles), confirming pattern validity. ✅ Key Characteristics of the Wedge: Wedges that form after downtrends and break to the upside are bullish reversal signals. In this case, the wedge shows declining bearish momentum — price kept making lower lows, but with decreasing volatility and volume. The breakout happened with strong momentum, confirming a shift in market sentiment. ? Support & Resistance Zones ? Major Support: 0.82000 This level has held the line multiple times since 2021. Marked by a double/triple bottom formation inside the wedge. Acts as the risk management anchor for this setup. ? Resistance/Target Zones: TP1 – 0.85907: Former horizontal resistance inside the wedge; this is a medium-term price objective post breakout. TP2 – 0.90418: Top of the consolidation range; represents the long-term upside potential if momentum sustains. ? Trade Setup Summary Bias: Bullish (Long Position ) Entry Zone: After confirmed breakout + retest near 0.85000–0.86000 Take Profit 1 (TP1): 0.85907 Take Profit 2 (TP2): 0.90418 Stop Loss (SL): 0.82020 (Below wedge low and range support) Risk/Reward: ~1:3 to 1:4 depending on entry ? Technical Confluence for Bullish Bias ✅ Wedge Breakout – Reversal confirmation from falling wedge after prolonged downtrend. ✅ Strong Support – Base at 0.8200 has consistently rejected sellers. ✅ Structure Shift – Price breaking out of lower highs, confirming strength. ✅ Target Alignment – Both TP1 and TP2 match past price pivots. ✅ Momentum Surge – Bullish candles post-breakout indicate buyer strength. ? Strategic Insight This setup is suited for swing traders and position traders who can tolerate wider stop-loss levels and are targeting multi-week or multi-month moves. Key Factors to Watch: ECB vs BoE monetary policy shifts. Inflation & GDP differentials between Eurozone and UK. Risk sentiment in broader FX markets (especially in the context of USD dynamics).