Only when it is retesting the breakout...... just for learning purposes. Keep an eye out for volume, RSI and MACD gap
Trend Overview: Gold is currently trading within a downward channel after a strong bullish trend. Key Levels: Resistance: Around 3,040 Support Zones: 3,000 and 2,980 Market Structure: The price has formed lower highs, confirming a bearish channel. A break above resistance may push the price towards 3,040+. If the price stays below the support zone (3,000), further downside toward 2,980 is possible. Trading Strategy: Bullish Scenario: Break above the channel resistance may lead to a reversal. Bearish Scenario: If rejection occurs at the current resistance, gold may continue its downtrend. Trade wisely and manage risk! What are your thought? Let me know in the comments. Support me with likes and follow.
Here's the latest detailed breakdown of NVDA on the 1-hour timeframe, emphasizing key reversal zones detected. ? Technical Analysis (TA): * NVDA currently consolidating at around $121, showing signs of indecision at this upper reversal (green) zone, indicating potential profit-taking or reversal. * Clear bullish structure with a recent Break of Structure (BOS) above $120, but momentum is fading slightly as shown by MACD trending lower. * Critical bullish reversal support zone (red) detected clearly at $115-$116. A retest of this area could offer a potential entry for longs if buyers step in. * If price loses momentum at the current resistance area ($121), watch for a retracement to test key support at the identified lower red reversal zone. ? GEX & Options Insights: https://www.tradingview.com/x/ImbIIS85/ * Strongest gamma wall and highest positive NET GEX located significantly higher at $130. This remains a key upside target if bullish momentum resumes strongly. * Immediate resistance at the 2nd call wall at $122 is currently acting as overhead pressure. Further bullish continuation requires a clear breakout above this level. * Notable PUT support established at the $110 level, providing substantial downside protection if NVDA retraces sharply. * IV Rank notably low at 11.2%, indicating low premium and relatively low volatility environment, favorable for strategic debit spread setups or long calls/puts based on directional bias. ? Trade Recommendations: * Bullish Scenario: Consider long positions if NVDA holds above $120.50–$121 zone with a breakout confirmation targeting $124 initially, then $130. * Bearish Scenario: Short-term put options could be favorable if rejection is confirmed at the current green reversal resistance around $121, targeting the red reversal support area around $116. * Neutral Strategy: Potential for iron condor setups between clearly defined ranges ($115–$125), capitalizing on low IV environment. ? Risk Management: Keep stops tight around recent highs or lows depending on directional bias. Watch volume and MACD closely for confirmation. Trade carefully and stay alert! Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
Position taken on AUDUSD, based off of my grading this trade is about a %85. I'm 100% confident in this trade win or loss let's see what happens
Hi traders! , Analyzing Bitcoin on the 1H timeframe, spotting a potential entry : ? Entry: 87,509 USD ? TP: 92,003 USD ? SL: 81,206 USD BTC is respecting the trendline and maintaining its bullish momentum. If this support holds, we could see a continuation toward 92K. RSI is overbought, but price action remains strong. ⚠️DISCLAIMER: This is not financial advice. Trade responsibly.
Looking at the short-term trend of gold, the general trend is still bullish; the upper pressures are 3021, 3026 and 3032, and the greater pressure is around 3045; the lower supports are 3001, 2892 and 2884, and the nearest support is around 3008. Strategy: Sell near 3016, protect 3026, target 3000-2990;
BINANCE:BTCUSDT.P is breaking a key trendline with more then 3 touches, signaling a potential strong move! The price is also trading above the 200 MA, adding bullish confirmation. ? What to watch for: ✅ Wait for the trendline to flip into support on the 4H or 1H timeframe before entering. ✅ Be cautious—big players can trigger quick reversals! ✅ ETF markets won’t open until 9:30 AM UTC-4 (New York time) tomorrow, so expect volatility.
This EUR/USD 4H chart presents an Elliott Wave analysis, showing the market’s movement within a five-wave structure. The price has completed Wave 3 and is currently in a corrective Wave 4, finding support around Fibonacci retracement levels of 38.2% • Wave 3: A sharp rally forming an extended third wave. • Wave 4: An ABC correction is currently in progress and is expected to be completed around levels of 1.07456 If the market respects the proper Fibonacci levels, the target for wave 5 could be 1.09504 .
Here's a straightforward breakdown of GOOGL based on the 1-hour chart and GEX insights: ? Technical Analysis (TA): * GOOGL currently hovering within a critical green reversal zone around $167–$168, showing possible bullish exhaustion. * Recent Break of Structure (BOS) indicates bullish sentiment, but price action within this green reversal zone is critical. * A strong red reversal zone at $157–$160 indicates robust support below, confirmed by a significant Change of Character (CHoCh). * Watch closely how GOOGL behaves in the current zone. Any rejection could quickly see a retracement. ? GEX & Options Insights: https://www.tradingview.com/x/Qw4j19hs/ * Highest positive NET GEX and critical CALL resistance clearly marked at the $170 level, a significant gamma magnet. * Strong PUT support positioned firmly at $160, aligning closely with the red reversal zone. Essential for downside protection. * IV Rank moderate at 31.4%, suitable for either debit or credit spread strategies. * CALL sentiment low at 9.8%, indicating cautiously optimistic sentiment but alertness at reversal zones. ? Trade Recommendations: * Bullish Scenario: On a solid breakout above $168, target the $170 gamma resistance using calls. Maintain tight stops around $165. * Bearish Scenario: Monitor for rejection signs in the green reversal zone; consider puts targeting lower support at $160. * Neutral Approach: Given moderate IV, consider balanced credit spreads or Iron Condors between clear support/resistance ($160–$170). ? Risk Management: Always adhere to disciplined risk management, especially near pivotal reversal zones. Stay alert and trade wisely! Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage your risk before trading.
NASDAQ:TSLA confirmed a 2 day buy signal here, let's talk abt what's next