Good setup in Kotak Bank after long consolidation. Have been in upmove for last few days. Looking good on weekly basis. Banks in general have been showing strength. Should see further move beyond 2250, if a new base is formed in that region. Please note, this is a not a buy/sell reco. For study purpose only. Thanks
Structure remains bearish with a clear lower high formed after a deep retracement to the 0.786 Fibonacci level, aligned with prior liquidity and premium zone. ? Analysis Highlights: Market structure: Bearish, with BOS to the downside. Price retraced to the 0.786 Fibonacci level (~82,400), signaling a potential exhaustion of buyers. Internal structure shifted bearish after breaking the corrective trendline. Entry idea is based on confirmation below the trendline with a clean R:R setup. ? Trade Plan: Entry: Below 82,200 (confirmation after structure shift) Stop Loss: Above 83,380 (invalidates the short idea) Target: 79,770 (aligned with previous low and 0% Fib) ⏰ Confluences: 0.786 Fib + Previous Supply NY Killzone active – watching for volume + manipulation Internal BOS + Trendline Break Clean liquidity resting below 81,500 and 80,600 ⚠️ Potential Risks: Possible liquidity sweep above 82,600 before final drop. Strong short-term support at 81,250 may cause temporary bounce. Confirm entry during high-volume session (preferably NY open). ✅ Bias: Bearish Let the market confirm the shift – don’t rush in without a proper entry model (like M5 CHoCH or engulfing after mitigation). ? Reminder: This is not financial advice – just a structural and fib-based idea within a bearish context.
I really don't see any reason for a change unless of course Mr .. causes another upheaval. For now, check out your charts and note that: Monthly - bearish Weekly - bearish Daily - bearish Intraday - all bearish. We will hit and break a few S/R levels, but IMO, we should eventually get down to 0.8400. This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Key Observations: Rising Wedge Breakdown: The price initially formed a rising wedge near resistance. The wedge broke down, indicating bearish momentum. Support and Resistance Levels: Resistance Zone: Around 1.3014 – 1.3027, marking a strong rejection area. Support Zone: Around 1.2933 – 1.2843, where price previously bounced. Strong Support: Around 1.2627, marked as the target area for a bearish move. Bearish Setup: A range-bound consolidation occurred after the breakdown. The chart marks a sell signal, suggesting a move toward the 1.2627 target zone. Trading Idea: Entry: Sell after confirmation below 1.2933. Target: 1.2627 (major support level). Stop-Loss: Above 1.3014 (resistance level). This setup suggests a potential bearish continuation, with price expected to decline further if support breaks. Always confirm with volume and market conditions before entering a trade.
Potential for a bearish pullback on the NASDAQ 1D which could lead to a price movement towards the support level at 18300. SELL levels from 19400
NASDAQ:PYPL How wrong was I? Things were looking up until tariff and stagflation news delivered a one-two punch to the market. Friday’s candle broke below the support level with good volume. It is getting very close to retesting the uptrend line that started back in October 2023. They’d better start deploying those buyback dollars before that trendline breaks. The worst-case scenario for the bulls is the $59 to $57 area, which is a good area to load.
Last Friday, influenced by both the evening market sentiment and capital flows, gold had a relatively high probability of rising overall. However, after the release of the PCE inflation data, the market reaction was poor as the data was bearish. Gold failed to directly break through the previous high and reach a new peak. It was evident that the gold price did not hold firm above 3086, dropping rapidly after touching that level twice. Thus, one should not blindly chase long positions. If the gold price breaks below 3060, a genuine adjustment may ensue. Overall, for tomorrow's short-term trading of gold, the trading approach should mainly involve going long on pullbacks and be supplemented by selling short on rebounds. In the short term, closely monitor the resistance level at the 3095-3100 range on the upside, and the support level at the 3070-3065 range on the downside. Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
The BTC/GOLD ratio has experienced a significant correction, currently standing at 27 gold ounces per 1 Bitcoin, down from a peak of 41, representing a decline of 34%. Gold, priced at $3,114 in US Federal Reserve notes, is in a sustained bull market. It is reasonable to anticipate that the digital equivalent of gold will gain traction once gold stabilizes at a higher price point. The Gartley pattern is recognized as the most prevalent harmonic chart pattern. Harmonic patterns are based on the idea that Fibonacci sequences can be utilized to create geometric formations, which include price breakouts and retracements. The Gartley pattern illustrated indicates an upward movement from point X to point A, followed by a price reversal at point A. According to Fibonacci ratios, the retracement from point X to point B is expected to be 61.8%. At point B, the price reverses again towards point C, which should reflect a retracement of either 38.2% or 88.6% from point A. From point C, the price then reverses to point D. At point D, the pattern is considered complete, generating buy signals with an upside target that aligns with points C and A, as well as a final price target of a 161.8% increase from point A. Often, point 0 serves as a stop-loss level for the entire trade. While these Fibonacci levels do not have to be precise, greater proximity enhances the reliability of the pattern. Will these consecutive Gartley patterns succeed in bolstering Bitcoin's strength? We will soon discover the answer.
I am looking for buying opportunities on FOREXCOM:EURUSD chart. EUR is going well. On the other websites, they think about that EURUSD is going to hit 1.08550 level. I am also agree with them. Time is a weapon. Be careful. dzhvush
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