? Uno Minda Ltd – Coiled for a Breakout After 38% Correction! ? Stock Background & Current Structure: Uno Minda Ltd, a key player in the automobile components sector, has corrected nearly 38% from its all-time high of ₹1,255. The recent low was recorded around ₹867, which is close to a key swing level. What's interesting is that the stock recently: Swiped the latest swing low, potentially triggering stop hunts and liquidity grabs. Has been consolidating in a tight range (₹915–₹880) for the last 9 trading sessions. This behavior typically signals absorption of selling pressure and potential preparation for an explosive move. ? Why This Trade Setup? A strong support base is being formed in the consolidation range. Despite a lower-low formation on the higher timeframe, price failed to break down aggressively. This indicates that smart money might be accumulating. If the price breaks out of this consolidation range, it offers a great swing trade setup with a well-defined risk-to-reward profile. ? Trade Plan: Element Levels Entry On breakout above ₹915 Stop-Loss ₹870 (just below swing low) Target 1 ₹993 Target 2 (optional) ₹1,070 https://www.tradingview.com/x/ywXG13pd/ Target 3 (longer term) ₹1,150 We are currently focused on Target 1, and will assess further upside if momentum sustains. ? Technical Perspective: Consolidation zones often lead to strong directional moves. Recent swing low swipe signals liquidity grab — a common sign before reversals. A breakout will confirm short-term trend reversal on lower timeframes. This is a classic "base + breakout" setup loved by both swing and positional traders. ? What Led Me to Update This Analysis? Significant price correction offering value Repeated tests of support without breakdown Range-bound movement suggests seller exhaustion Structure aligns with high-probability breakout pattern ? Summary: Stock: Uno Minda Ltd Sector: Auto Parts / Manufacturing Strategy: Breakout Swing Trade Risk Level: Moderate (tight SL, defined setup) ? Don’t Miss Out! ✅ Follow me so you don’t miss the next breakout opportunity! ? If this helped you, drop a like and leave a comment with your view! ? Let’s chat in the comments. See you there! ?? ? Thanks for your continued support. Let’s grow together as traders! https://www.tradingview.com/x/3kByFXVF/
Oil Prices: April Could Be the Worst Month in Three and a Half Years As the XTI/USD chart shows: → at the beginning of April, WTI crude was trading above $71 per barrel; → this morning, on the last day of the month, the price has fallen below $60. The overall decline may reach 16% — the worst monthly performance since November 2021. Why Is Oil Falling? The primary driver behind the sharp drop in oil prices earlier this month was the introduction of new US tariffs, particularly targeting China and the EU. This raised concerns that a potential global trade war could slow economic growth and, in turn, reduce global oil demand. According to a Reuters poll, the tariffs imposed by Trump have made a global recession in 2025 a realistic risk. In addition, growing attention is being paid to OPEC+ and its plans to increase oil production. The next meeting is scheduled for 5 May. https://www.tradingview.com/x/aGuHewGR/ Technical Analysis of the XTI/USD Chart Oil price fluctuations in 2025 have formed a descending channel (highlighted in red), with lower highs and lower lows reflecting continued bearish sentiment. Bulls may hope for support to emerge around the $58.85 level, as: → this has acted as support before (as indicated by arrows); → this level aligns with the lower boundary of a local upward trend (shown in blue), which formed after news broke that Trump had postponed the implementation of some tariffs — triggering a sharp rebound in oil prices from the 9 April low. Nevertheless, the broader structure remains bearish: the rise towards point C appears to be a corrective recovery following the impulse drop from A to B. Given the potential impact of upcoming news — including statements from the White House and OPEC+ decisions — a bearish breakout below the blue channel cannot be ruled out. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
The daily chart is currently testing 4h supports zones which can form a reversal. In the higher frame, we remain bullish, but the price must do a weak correction at usual levels. We can see that the price forming a bearish pattern right now.
QCOM is currently between two strong resistance levels above, and has solid support around the 120 level. If earnings are strong and he beats expectations, it's very likely the price will retest the upper range. If earnings miss, it would likely drop down to the double bottom.
respecting the trend line how ever double bottom as web but still looks breaks the bottom
Hello traders. Per my last analysis. I took the Sell from the line marked on the chart. And I showed how and where I closed portions of the trade and where I exited the trade. This may be my one trade for the week. I can see some more downside after we possibly push back up during the Pre NY volume / NY open to take out anyone holding short positions. Great scalp trade today. Big G gets a shout out. I will post another chart in the next few hours. Be well and trade the trend.
Market is always full of surprises, just when you think it will nicely falls to the support level, the price action decides to take a different path. From the weekly chart, we can see it has move higher (18 Sep 24) and (17 Feb 25). Now, we are coming to the end of the wedge pattern. Well, it could breaks out nicely and continue to rally as I wished , haha OR it could disappoint your a little more by heading south to revisit the support line at 30.95 before moving sideways and eventually breaks out. I will be accumulating slowly on this counter (vested interest). Please DYODD
A lot of Liquidity/ Buy Stops are being placed at 96K. The market has to trigger those and then eliminate them by going down. Once the Sell side LQ is taken, the market can go to new Highs.
OANDA:XAUUSD During the Asian trading session, gold prices maintained a slight decline; in the early European trading, gold began to fall sharply, but it was still within the trend range expected by Quaid. Today, the initial value of the US real GDP in the first quarter of 2025 will be released, and it is expected to grow by 0.3% at an annualized quarterly rate, after a strong growth of 2.4% in the fourth quarter of 2024. If the world's largest economy unexpectedly shrinks, it will re-ignite bets on a sharp interest rate cut by the Federal Reserve. And this data will boost the upward trend of gold. On the other hand, if the cooling of US economic growth is less than expected, it may bring a short-term relief to the overall market and the US dollar, which will continue to put gold under corrective downward pressure. However, traders will remain cautious before the release of US ADP employment data this week; this data will limit the reaction of gold prices to GDP data. US non-farm payrolls will help the market assess whether US tariffs have had a substantial impact on the labor market. Current trend analysis: The daily line closed negative, and it is still bearish today. At the same time, yesterday's decline encountered 3300 support. In this pattern, regardless of today's strength, short once and see how the European session trends. If the European session falls, short the US session; if the European session rises strongly, the US session may remain volatile. If the European session breaks the downward channel, the US session may continue to fall. Hi guys, if you want a solid trade, please wait for the US GDP data this morning. Quaid conducts gold trading after professional analysis.
Gold has been consolidating within a contracting triangle, forming a complex wave B structure as part of a larger ABC correction under Elliott Wave Theory. The triangle appears nearly complete with wave (D) in place and wave (E) expected to push slightly higher before a sharp breakdown resumes. This wave count suggests we're about to enter wave C, targeting significantly lower levels as the triangle resolves to the downside. ? The broader outlook favors USD strength, which aligns with the bearish setup in gold. A strengthening U.S. dollar adds confluence to the expected drop in XAUUSD. Watch for a clean rejection at the triangle resistance and confirmation of a breakdown to trigger further downside momentum.