The stock began its pullback on February 18th but faced heavy selling pressure on February 28th, resulting in a sharp decline. It broke multiple support levels and recorded a significant 16% loss, signaling strong bearish momentum. The MACD remains in a downward crossover (DC) and is below the zero line, indicating continued weakness and a lack of bullish momentum. This suggests that sellers remain in control, and the stock has yet to show signs of stabilization or reversal. Going forward, it is crucial to monitor whether the stock can establish a support base and regain key resistance levels. A confirmed reversal would require a bullish divergence, a trend shift with higher lows, or a breakout above key resistance levels. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Market conditions can change rapidly, and past performance is not indicative of future results. Always conduct thorough research and consult a qualified financial professional before making investment decisions.
The stock price continues to decline, making capital protection a priority. Cutting losses (CL) quickly may be necessary to mitigate further downside risk. Currently, the Relative Strength Index (RSI) is in oversold territory, indicating potential exhaustion in selling pressure. However, the Moving Average Convergence Divergence (MACD) remains in a downward crossover (DC), suggesting that bearish momentum is still intact. As of now, there is no clear signal of a rebound. For a trend reversal to be confirmed, the stock needs to establish a pattern of higher highs and higher lows, forming an upward staircase. A decisive breakout above a key resistance level would be the first sign of a potential trend reversal. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a qualified financial professional before making any investment decisions.
The Secret Gold Level Revealed: The Power of 7 After extensive backtesting and observation, I am finally ready to reveal a key level in gold that has remained hidden in plain sight. We all know the importance of round numbers, psychological levels, and the Quarter Theory in trading. But now, we introduce a new concept—the power of 7. The Magic Number: 77 https://www.tradingview.com/x/QqSL9JtN No matter where gold is trading, whether it's 2577, 2477, 2377, or 2277, this level consistently acts as support or resistance, generating high-probability reactions every time it is touched. https://www.tradingview.com/x/css2zdfA Why This Matters? ✅ Consistent Reactions – Every test of a 77 level leads to significant price movement. ✅ Key Decision Points – Gold often rejects or breaks with momentum, providing ideal trade setups. Start marking 77 levels on your chart and watch the magic unfold. We have unlocked a new edge in gold trading!
Nifty ended the week at 22,124, down 670 points from the previous week's close, with a high of 22,668 and a low of 22,104. As I highlighted last week, the formation of a gravestone doji was a bearish signal, indicating the market was under the influence of selling pressure—and we’ve now witnessed the impact of that pattern. Currently, Nifty is testing the critical support at the WEMA100 level, which could trigger a bounce. However, any rally should be seen as an opportunity to enter fresh short positions. As mentioned last week, if Nifty closed below the 22,400 level on the monthly chart, we were likely to see further correction, and that’s exactly what transpired. While it may sound negative, I anticipate the index heading toward the 19,500 mark . For long-term investors, there’s no need for concern. This pullback could offer a prime opportunity to buy fundamentally strong stocks at attractive prices. Traders, on the other hand, should focus on a “sell on rise” strategy instead of attempting to pick a bottom and risking substantial losses. Turning to the S&P 500, as I pointed out last week, the bearish M-pattern was in play. From the recent high of 6043, we’ve seen a 3.5% correction. On the weekly chart, the index has formed a long-legged candle, signaling that demand is emerging from lower levels. For the past four months, the S&P 500 has struggled to break through the significant resistance at 6000, failing to close above it on a monthly basis. A decisive monthly close above 6000 could open the door for the index to reach higher levels, potentially targeting 6225, 6376, 6454, and 6568. In conclusion, the market remains under pressure, with Nifty at a key support level and the S&P 500 facing resistance. Investors should remain focused on long-term opportunities, while traders should be cautious and adopt a disciplined approach to navigating the current market volatility. Stay strategic, stay patient, and let the market unfold.
Several themes are at play right now, which contributed to a selloff across risk assets last week. Influenced by political shenanigans (tariffs) and the Bybit exchange breach, this sent Bitcoin (BTC) 17.5% lower versus the US dollar (USD) by the close of trading on Friday. Monthly Chart: Room to Explore Deeper Waters There is not much to talk about on the monthly chart except to remind ourselves that last year wrapped up rejecting the underside of a 100% projection ratio at US$106,610. Despite January's gain (9.0%), February concluded considerably lower and, as far as I can see, demonstrates scope to continue exploring south until support from US$68,926. Daily Chart: Dragonfly Doji Ahead of 200-Day SMA On the daily timeframe, the latest reveals that with the aid of the 50-day simple moving average (SMA) delivering resistance at US$97,092, price ruptured the lower edge of a range that has been in play since December 2024 between US$91,591 and US$108,396. This breakout led BTC/USD to within touching distance of the 200-day SMA at US$76,811 on Friday, finishing the week in the shape of a dragonfly doji (a bullish candlestick signal similar to a hammer pattern). While this candle pattern/SMA combination (and neighbouring daily support from US$73,575) could trigger a recovery (profit taking) on the daily timeframe, the room to discover deeper waters on the monthly timeframe toward support at US$68,926 places bulls in a questionable position at current levels and may see daily flow push southbound. Consequently, should the major crypto pair retest the underside of the daily range (see red arrows) before hitting the noted daily supports (and monthly support), this may be viewed as a sell-on-rally scenario. Written by FP Markets Market Analyst Aaron Hill
nifty weekly demand zone around 21,700-22,000. soon we will see bottom formation.
"Hello traders, when considering BTC, the decision-making process should align with your strategy as either a holder or trader. In high time frames, based on the (FVG) concept, BTC's price could potentially reach $180,000. However, for short-term traders, the price might dip to the $70,000 zone initially. I anticipate a pullback to $92,000, after which I will evaluate candle formations to determine a selling position. Please note that this analysis is subject to updates over time." If you have any specific questions or need further assistance with your message, feel free to let me know!
Bitcoin didn't showed nothing yet. Your ultimate life goal shouldbe to get at least in to one BTC. https://www.tradingview.com/chart/BTCUSD/hZAgvnmA-Bitcoin-is-in-the-discount-price-again/ https://www.tradingview.com/x/p33KujMX/ Wishing you continued success on your trading journey. May this educational post inspire you to become an even better trader! “Adapt what is useful, reject what is useless, and add what is specifically your own.” David Perk ⚔
We see a long term profit taking movement in gold market. Now the present market structure gives the sign of character change. Here is H1 Character Change level. Market needs to break the level first. Then we expect a strong buy movement.
Close of the week, we saw buyers step in, as the SPY hit key interest levels, in the form of its anchored VWAP from the August 'crash' and the medium term moving average. Gap filled as well. The channel bounce, activates the lower boundary as support as well.These levels MUST hold!. Next week will be a big week.