BTC rice action has been consolidating in a tight channel it what looks like a bearish flag upwards. It has been known to breakout bullishly from patterns similar to this, however given weak economic factors and poor investor sentiment, I believe there is a much better chance for the bearish outcome here.
Bitcoin is near a decision point. The market's reaction to the new tariffs came at a bad time. The daily timeframe downtrend line is being tested, and the short-term uptrend that carried the price to the trend line seems to be about to break. In that case, Bitcoin bulls are about to face pain, again. https://www.tradingview.com/x/eGMC6ZOF/ The SP:SPX is still the main catalyst for the crypto market. The newest auto tariffs are a problem, and if the EU strikes back hard with the Anti-Coercion Instrument, the bad scenario might come to pass. In the next seven days, volatility could rise. https://www.tradingview.com/chart/SPX/0npG6cSb-S-P-500-Correction-Channel-Keeps-Bulls-in-Control-for-Now/ For an upside relief, Bitcoin should break both the trendline and the 91,000 resistance.
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Keysight Technologies Inc Stock Quote - Double Formation * A+ Set Up)) | Completed Survey * EMA Settings & Lower Band | Channel & Retest Area | Subdivision 1 - Triple Formation * (Reversal Argument)) | Short Set Up | Subdivision 2 * (TP1) | Subdivision 3 * 1 Hour Time Frame | Entry Settings Condition - (Hypothesis On Entry Bias)) | Logarithmic Settings - Position On A 1.5RR * Stop Loss At 160.00 USD * Entry At 150.00 USD * Take Profit At 140.00 USD * (Downtrend Argument)) & No Pattern Confirmation * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
in my idea wave 4 of 3 of bigger 4 in gold has finished!!!we will see a new ATH soon on gold price...so im buying gold again wid that SL and TP illustrated at the chart shown!!!
I've been waiting for the 1.075 level to be tested, and we've now seen a clear bounce higher. My entry has just hit 2R, and I've locked in breakeven. A break above 1.08 should bring increased volatility, potentially pushing towards 1.09 in the short term.
Price as of my analysis: $113.76 NVDA is sitting at a major horizontal support zone around $113.50. This level acted as strong support in June 2024 and again in September 2024, where it launched a 34% rally toward the $152 range. Price is now testing that same level again — this is a key decision point. If this support breaks, my first downside target is $104.70, followed by $100.96. The $100 level is also psychological support and could attract buyers if tested. At the same time, NVDA is also pressing against a downtrend line that began in mid-February 2025, starting from the ~$143 level. Price rejected off this trendline again on Monday, confirming sellers are defending it. The 10 EMA and 20 EMA on the daily chart sit around $119. For any upside to unfold, NVDA must reclaim these levels. Above that, we’re looking at resistance between $125–130, which is a confluence zone: Downward-sloping 50 SMA Flat 200 SMA The prior uptrend line from May 2023, now acting as potential resistance If the bounce begins here at $113.50, reclaiming the EMAs would be the first bullish signal. Clearing the $125–130 area could open the path back to $141, which was the breakdown candle from February. On the weekly chart, the same $113.50 level shows as significant. The weekly EMAs are starting to turn down, and this week’s candle is showing signs of indecision — suggesting a potential reversal or further breakdown is brewing. Watching how this week closes will be key. Summary: Holding $113.50 = potential bounce toward $119 → $125–130 → $141 Losing $113.50 = likely flush to $104.70 → $100.96 $100 = psychological support and probable strong demand zone Currently at the intersection of major support and downtrend resistance = high-stakes decision zone
https://www.tradingview.com/x/pulRjCjv/ A recent breakout of a minor daily support on EURGBP is a reliable bearish signal. It shows a mid-term dominance of the sellers. I think that the price can drop at least to 0.831 support soon. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
After gold broke through 3038, the trend began to strengthen. Then the next step is to change the thinking to low and long and smoothly bullish. The lower side 3038-3035 becomes support. In the evening, it falls back to the 38-35 area. The current market is stagflation near the previous high of 3057. If you are aggressive, you can go short near 3052 and watch for a short-term pullback of a few points. Wait for the top and bottom conversion near 3035 to continue to go long. Gold strategy: It is recommended to go short at 3051/52, stop loss at 3057, target at 3038-35; the support area below 3035-38 is long, stop loss at 3030, target at 3055-3062;
? Overview of the Chart: This 4-hour timeframe chart of Gold Spot (XAU/USD) highlights a Double Top pattern, one of the most reliable bearish reversal signals in technical analysis. The price has tested a strong resistance zone twice (Top 1 & Top 2) but failed to break above, suggesting that bullish momentum is weakening and a possible trend reversal is imminent. This setup provides an excellent opportunity for a short (sell) trade, provided the price confirms the pattern by breaking below the neckline. The potential downside targets are marked as TP1 ($2,983) and TP2 ($2,938), with a stop loss placed above resistance ($3,056) to manage risk effectively. ? Key Chart Patterns & Market Dynamics 1️⃣ Double Top Pattern – The Bearish Reversal Signal The Double Top pattern occurs when: ✅ The price reaches a resistance zone and gets rejected (Top 1). ✅ It then retraces downward to find support at the neckline. ✅ The price makes another attempt to push higher but fails at the same resistance level (Top 2). ✅ A break below the neckline confirms the bearish trend, as buyers lose strength and sellers take control. ? Why is this pattern important? The failure of buyers to push beyond resistance shows that sellers are dominating. This creates a psychological shift in the market, making traders and institutions more likely to sell aggressively once the neckline is broken. 2️⃣ Resistance Level – The Rejection Zone ? Price Level: $3,050 – $3,056 ? Role: Key supply area where sellers are strong ? Market Impact: Strong rejections at this level indicate that big players (institutions) are offloading positions, leading to bearish momentum. Why Does This Matter? ? If the price breaks above this level, it would invalidate the bearish setup, leading to potential further upside. ? This is also why we place our Stop Loss above this level—to protect against unexpected bullish breakouts. 3️⃣ Neckline Support – The Breakout Zone ? Price Level: Around $3,020 ? Role: The last line of defense for buyers before a bearish breakout ? Market Impact: If this level is breached, it confirms the Double Top pattern, leading to a sharp decline. ? A confirmed break of the neckline is the ideal point for traders to enter a short (sell) position, targeting lower price levels. 4️⃣ Key Take Profit (TP) Targets – Where Price Might Drop ? TP1 – $2,983: This level is a minor support zone where price may temporarily pause before further decline. Conservative traders may choose to secure profits here. ? TP2 – $2,938: A stronger historical support zone, making it a high-probability target for a full bearish move. More aggressive traders may hold positions until this level. ? Why These Levels? These targets align with Fibonacci retracement zones and previous market structure, increasing the likelihood of a reaction at these points. 5️⃣ Stop Loss – Managing Risk Like a Pro Placement: Above the resistance zone at $3,056 Reason: If price breaks above resistance, it invalidates the bearish thesis, meaning we need to exit the trade. Risk-Reward Ratio: TP1: ~2:1 TP2: ~3.5:1 A good risk-reward setup, ensuring a profitable edge over multiple trades. ? Trading Strategy & Execution Plan ? Bearish (Sell) Setup: 1️⃣ Wait for confirmation – Price must break below the neckline ($3,020) before entering a short trade. 2️⃣ Sell Entry: On a confirmed break and retest of the neckline. 3️⃣ Stop Loss: Above the resistance zone ($3,056). 4️⃣ Take Profit Targets: TP1 ($2,983) – First profit level. TP2 ($2,938) – Secondary target for deeper decline. ? Optional Confirmation: Look for bearish candlestick formations (e.g., Bearish Engulfing, Shooting Star, or Doji) near resistance or after a neckline breakout. Monitor RSI/MACD for bearish divergence, confirming weakening momentum. ? Market Psychology Behind This Pattern 1️⃣ First Peak (Top 1): Buyers push the price up, but sellers step in at resistance and force a pullback. 2️⃣ Pullback to Neckline: Some buyers re-enter, believing the uptrend will continue. 3️⃣ Second Peak (Top 2): Price attempts another rally but fails at the same resistance, showing buyers' exhaustion. 4️⃣ Break of the Neckline: Sellers take full control, leading to a high-momentum sell-off. ? Key Takeaway: ? The Double Top is a trader’s favorite because it reflects a real psychological shift in market sentiment—from greed (buyers) to fear (sellers). ? Final Verdict – High Probability Trade Setup ✅ Double Top formation confirms a bearish trend reversal. ✅ Strong resistance & multiple rejections signal seller dominance. ✅ Clear risk management strategy (Stop Loss & TP Levels). ✅ Waiting for neckline break ensures a high-probability entry. ? Watch this setup carefully! If the neckline breaks, GOLD could experience a sharp decline! ?? ? Pro Tips for Smart Traders ? Don’t rush into a trade! Wait for a solid break and retest of the neckline for confirmation. ? Monitor volume: A strong breakout should be accompanied by increasing volume for validation. ? Use confluence: Combine with other indicators (RSI, MACD, EMA) to increase accuracy. ? What’s Your Take on This Setup? Will You Trade It? Let Me Know in the Comments! ?
After mitigating the 3030s, gold market maintains its bullish sentiment, setting the stage for continued upward momentum. Watch for potential price action as the market seeks higher levels. follow for more insights , comment , and boost idea