Key Features: 1. Harmonic Patterns (AB=CD): Bearish AB=CD patterns are marked multiple times in red, indicating potential reversal zones where price may fall after reaching a certain level. Bullish AB=CD patterns, marked in green, suggest potential upward reversals. 2. Price Action: The chart shows a notable uptrend recently, with Bitcoin reaching around $93,409. After this peak, there's a bearish projection (dotted pink line) suggesting a possible price drop toward the $88,874 – $91,970 range. 3. Support and Resistance Zones: Horizontal green zones indicate support/resistance levels. The price is currently testing a resistance area near the top of the chart. 4. BH Labels: Marked at key breakout highs, showing moments where price broke above previous resistance. 5. Target Zone: Highlighted in pink, indicating the likely retracement area following the recent bearish AB=CD pattern. Interpretation: The chart implies a potential short-term pullback due to the bearish harmonic pattern forming at the top. If the pattern plays out, Bitcoin may retrace to the highlighted target zone (~$89,000 to $92,000), before possibly stabilizing or continuing its larger trend.
Took a harder look at the surge in the price of bitcoin. It turns out we may have a running double three (WXY) for wave 2. W is a flat, X is a zigzag and Y is a triangle. And the end of wave 2 is higher than the end of wave 1, thus we call this double three combination a running variation. A strong and powerful wave 3 should follow next with at least 1.618 of wave 1. It could be 2.618 of wave 1, but it definitely will be an extended third wave.
It seems that a large symmetrical pattern has completed, and the price has broken out above the resistance line. We are looking for Buy/Long positions on pullbacks. We have identified two entry points for this asset. If the price reaches these entry zones, we will enter a position. The targets are also marked on the chart. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
After a bullish wedge break and having cleared the key 50-day moving average earlier this week, bitcoin bulls will now be eyeing a break above $95,000, especially with indicators such as RSI (14) and MACD signalling strengthening topside momentum. A break and close above $95,000 would generate a bullish setup, allowing for longs to be established above with a stop beneath for protection. While some resistance may be encountered around $100,000, a move beyond that psychologically important level may encourage bulls to look for a run towards the record high above $108,000. In the interim, bids have been noted at $91,750 with sellers emerging on pushes above $94,000. Good luck! DS
Sun Pharma has completed an Inverted Head and Shoulders pattern on the daily chart, signaling a potential bullish reversal. ? Entry: Buy above ₹1800 (breakout confirmation) ? Stop Loss: ₹1722 (below right shoulder support) ? Targets (based on Fibonacci extensions & previous resistance zones): • ₹1837.30 • ₹1875.35 • ₹1914.20 • ₹1953.90 • ₹1994.35 • ₹2034.55 The neckline breakout has occurred with decent volume, reinforcing the validity of the setup. As always, risk management is key — trailing stop loss recommended as price moves in favor. ? Disclaimer: This is for educational purposes only. Do your own research before making any trading decisions.
EUR/USD has had an exceptionally strong month, gaining over 7% from bottom to top – one of the best performances in EUR’s history against the dollar. But now, things are starting to shift. ? Possible Long-Term Trend Change? Beyond the impressive rally, the bigger story might be the potential shift in the long-term trend. However, after such a sharp move up, a correction is not only likely – it may already be underway. ? Technical Outlook: - Price pushed above the key 1.15 psychological level but failed to hold momentum. - A bearish consolidation is forming. - A classic Head and Shoulders pattern appears to be developing, with a neckline near 1.13. - A break of that level could open the door for a deeper retracement, with a target around 1.11. ?️ Trading Plan: I’m looking to sell rallies, ideally near 1.1450, to maintain a 1:3 risk-to-reward ratio. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
--- Chart Analysis Overview: 1. Double Bottom Pattern (Bullish Reversal): Labeled as “Bottom 2” and “Bc”, indicating a double bottom or potential base formation. Suggests a shift from a downtrend to a bullish trend. 2. Bullish Breakout and Price Target: A green “Target” box indicates a bullish price objective around 1.36708. This implies an upward movement is expected. The breakout seems to have occurred above the neckline of the double bottom. 3. Trade Setup: Entry Zone: Around the current price level of 1.32924. Target: Approximately 1.36708, offering a good upside potential. Stop-loss area: Suggested around 1.31619, controlling downside risk. These levels give a favorable risk-to-reward ratio. 4. Support & Resistance Zones: Green shaded areas: Support zones where price found buying interest. Red shaded areas: Resistance zones where price previously reversed or stalled. --- Summary: This chart reflects a bullish outlook for GBP/USD, based on a confirmed or developing double bottom pattern, supported by momentum and breakouts through resistance. The setup anticipates a move toward 1.36708, with clear risk management outlined below current price levels.
? ? ? Market-Moving News ? ? Procter & Gamble Cuts Outlook Amid Consumer Pullback: P&G shares declined after the company lowered its full-year earnings guidance, citing reduced consumer spending due to economic uncertainty and higher tariffs. CFO Andre Schulten noted significant consumer hesitation, linking it to volatility in mortgage rates and declining stock markets affecting retirement savings. ? Durable Goods Orders Surge, Core Spending Stagnant: March durable goods orders jumped 9.2%, driven by a spike in aircraft demand. However, core capital goods orders, excluding aircraft, rose only 0.1%, indicating cautious business investment amid ongoing tariff uncertainties. ? Existing Home Sales Decline Sharply: Existing home sales fell 5.9% in March to an annual rate of 4.02 million units, reflecting affordability challenges associated with high mortgage rates and economic uncertainty. ? Key Data Releases ? ? Friday, April 25: ?️ Fed Governor Neel Kashkari Speaks (5:00 PM ET): Remarks may provide insights into the Federal Reserve's perspective on current economic conditions and monetary policy direction. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. ? #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
ETC ~ 1D Analysis #ETC Buy after successfully penetrating this resistant line with a large volume, a minimum target of 10%+.
ATOM ~ 1D Analysis #ATOM Buy after successfully penetrating this resistant line with a short -term target of at least 10%+ from here.