: Key Chart Features: 1. Double Bottom Patterns: Several "Bottom" and "Bottom 2" labels suggest double bottom formations. This is a bullish reversal pattern, often indicating a shift from a downtrend to an uptrend. 2. Breakout and Targets: Multiple green "Target" boxes show projected price targets following the breakout from these bottom patterns. The chart suggests a breakout has occurred or is expected soon. 3. Current Setup: An Entry is marked just above current levels (~1.13486), with a projected move upward. A target price of 1.16514 is marked in green, which represents a bullish price objective. A red zone below (~1.12360) likely serves as the stop-loss area, managing risk in case of a price drop. 4. Projected Price Path: A black arrow suggests the analyst expects a zig-zag upward movement, breaking through resistance levels on the way to the target. 5. Support & Resistance: Several red and green zones suggest areas of previous price consolidation, likely serving as support (green) and resistance (red). --- Summary: This chart outlines a bullish forecast for EUR/USD based on confirmed or forming double bottom patterns. A trade setup is visualized with a clear entry, stop-loss, and target strategy, aiming for a move to ~1.16514. The risk-reward ratio appears favorable.
So as you can see by a few minutes worth of doodling...there seems to be an interesting dilemma. While a lot points to a new breakout, be it news that literally changes nothing structurally for actual customer buying or future sales....it's said to be a new bull run. Yet, just a simple glance at a modified volume chart in relation to the E-mini above....there is something funny arising. Almost like treasury yields-to-bonds, as the market slides the volume increases. And it concaves as it goes back up. But the right most part of the chart doesn't seem to agree with that. You are ripping higher but your volume is increasing. (Those yellow bars are sell volume, and if they look patchy in spots, it's because the buy volume is colored black. This is done to emphasize a trend and to see more clearly if it is strong for buying or strong for selling.) Back to the idea at hand....so just a possibility- but what if that volume going down while the recent slide on Monday occurred was positioning of a certain group who would get their que from a certain announcement from the Musky-Man. Ergo, the sells aren't really happening but the buying is, so that way when everyone jumps in they unleash selling. To which the concave occurs on the market pullback and the convex, going up, occurs as the market heads up. It's not some new thing (volume up on highs and down on lows) since the principle of down to highs and up on lows holds true from the ATH of February to the bounce in middle MArch....so it's not some special case- unless you consider games being played as the explanation for why the pattern which holds true even in past '22 and '23 downturns becomes broken. Now...for the super stretch idea...and I am not predicting so much as throwing out an idea to which I would have done if I was still around the hedge fund kids I was around in high school: Get people used to buying high rips by setting up the first test balloon of the Monday "fake news 90 day tariff relief"....which can be denied and then used to observe market reaction and to get any last people shaken off the stocks to get the insiders- that massive option call just hours before his Truth Social post is just super coincidental eh?- positioned to take advantage of his future post as the "signal". Well, it worked great cause stocks ripped and everyone bought all the way to the 50% or so retrace of the previous day high. But interesting that such massive put positions for the April 17 monthly options expiration were seemingly honored and paid out coming into Easter- not too much of a fight on that one. (Well maybe a test to see for the weekend option expiration tomorrow which is 2 days after Tesla earnings). So now- there comes the Tesla earnings right after a slight dip in the market just before the big day, and funny enough the shorts are nowhere to be squeezed...kinda seems like that Wednesday "good time to buy" comment really pushed them off from going balls deep on Tesla shorts for this Wednesday afternoon. Nothing happened so the positions the hypothetical insiders purchased aren't moving and now there is a problem....no squeeze and no stock rally. So now the Musker is informed to give his message mere minutes before the Trump-man gives his about some more unverified tariff goodies. Now you have your sudden move and everything starts going up. So if everyone is buying in and you are heading to a new top...why is the sell volume in that chart falling before that Tesla earnings when the market is slipping....but increasing while the market is rising....going against pretty principled norms. Well...that's where China comes in saying they have no idea of any meetings- which the panic button of "They...no need to explain who they are" comment is thrown out to keep the markets rising right into Google earnings...which says that the cloud is dead and only ads make money- (but every consumer giant just said sales are down and consumer interaction is down and that tariffs are going to hit them hard...but never mind that...nor that cloud is like AI related and Amazon cancelled Data Center leasing...and that Intel and AMD are pounded even though literally every computer needs one of those two to work...that doesn't matter). So we are left with tomorrow...or today depending on when you read this....You have a cross at that exact price and the fib lines all correlate pretty well to price action up and down the chart. So my thought is this....and crazy hat wearing time.... What if you sold off gold to cover your shorts and to add new puts on for this weekend into early next week- specifically Tuesday of next week- and then when you suddenly let fly some China tariff related news and get the big 4 news groups to sound bad about it...rather than blocking all the damage that containers sitting across the ocean do when not on a boat each day, you have a beautiful thing as the Trump-man likes to say. You have bought stocks at the lows before the Tesla earnings...then sold them off in the last ~16 hours and then placed puts on- since they have been increasing in volume and open interest every day leading up to tomorrow and next Tuesday- to which you get paid twice in like one week. Again...just a playful idea...and worth noting that the treasury yields haven't budged from 4.8 or 4.3 from the 20y and 10y respectively and $6 some trillion comes due for rollover on or by June the 20th....so if you want that to be like 2% I think...you got to do some nasty stuff. (My favorite would be to take retirement accounts and pensions and replace them with treasury holdings instead of stocks...a brilliant idea and will surely get that yield down in a hurry- you know--cause for like America or whatever--or as the kids say-- for reasons.) But that's just me and that's what I would do if handed a decent chunk of change and the cell #s of Musker and the other boys at that inauguration. Could be all wrong...but it's a little fun story no? Gives you a chuckle if I'm wrong and your accounts go up- or scares the hell out of you if right, since it means people like me who used to be amongst the 3 letter crews and hedge bros do this kinda thing on the regular. Anywho...here is a closer look at that death cross or that "freedom cross", whichever one gets Detroit back to motor city and Bethlehem Steel back in production again- oh wait- that isn't possible- cause you know "they" or something. https://www.tradingview.com/x/3N1BwmKq/
Gap up opening expected in nifty. Expected opening near 24500 level. After opening if nifty starts trading above 24550 level then possible strong upside rally towards the 24750+ level in opening session. Downside 24300 level will act as a strong support for today's session. Any major downside only expected below 24200 level.
Long ALGO trade idea, good entry at 0.2045 TP1 .3045 TP2 .41 TP3 .6545 Depending on position size and risk apatite position could run until new highs before TP SL below 0.17
Summary: At the current price range, treat gold as moving within a sideways consolidation zone between 3342–3373. If the price breaks above 3373, it signals strong bullish momentum — long entries can be considered. If the price breaks below 3342, bearish momentum may take over — short opportunities could emerge. Pay close attention to 3305 — if this level is broken, it may trigger further downside and allow room to continue selling. Key Levels to Watch: 3398–3400: Psychological round-number resistance 3385: Key intraday resistance 3373: Upper boundary of consolidation 3342: Lower boundary of consolidation 3335: Support 3325: Support Short-Term (15m) Strategy: For Shorts: Enter a SELL if the price breaks below 3344. Watch 3342 for quick reaction; if the drop continues, monitor 3335, 3332, and 3330. For Longs: Enter a BUY if the price stabilizes above 3355. Watch 3348 for confirmation; if momentum continues, target 3328, 3362, and 3364. ? If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — it’s a great encouragement for me! Thanks for your support! Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
1. Rectangle Pattern (orange box): The price moved within a horizontal range for a period, indicating consolidation. This often precedes a breakout in either direction. 2. Inverse Head and Shoulders Pattern: Left Shoulder, Head, and Right Shoulder are clearly marked. This is a bullish reversal pattern, suggesting that a previous downtrend is likely ending and a new uptrend may begin. 3. Breakout and Target: After the right shoulder, the price broke above the neckline of the inverse head and shoulders pattern. A green target box is drawn to indicate the expected price move upward, targeting around 147.673. The stop-loss is around 140.922, and entry appears around 142.006–143.042. 4. Trade Setup: This chart seems to propose a long trade with a favorable risk-reward ratio. Green zone = profit target. Red zone = stop-loss zone. Overall, this chart analysis anticipates a bullish movement based on the breakout from consolidation and the inverse head and shoulders pattern confirmation.
Nifty is currently maintaining a bullish market structure with a clear sequence of Higher Highs (HH) and Higher Lows (HL). An Accumulation-Manipulation-Distribution (AMD) pattern is forming, indicating potential for a bullish continuation. As long as the HL structure holds, my view remains bullish.
Today will be gap up opening expected in index near 55500 level. After opening if banknifty starts trading above 55550 level then expected upside rally of 400-500+ points in opening session. This upside rally can extends for further upto 56450+ level in case banknifty gives breakout of 56050 level. Any downside only expected below 55450 level. Downside 55050 level will act as a important support for today's session.
BTC ~ 1W Analysis #BTC It is necessary to wait until this pattern is successfully broken to confirm a sustained bullish trend.
Tech Mahindra Ltd view for Intraday 25th April #TECHM Resistance 1450-1455 Watching above 1456 for upside movement... Support area 1400 Below 1440 ignoring upside momentum for intraday Watching below 1396 for downside movement... Above 1420 ignoring downside move for intraday Charts for Educational purposes only. Please follow strict stop loss and risk reward if you follow the level. Thanks, V Trade Point