The chart highlights a Descending Triangle formation, a bearish continuation pattern suggesting potential downside momentum if the support breaks. Resistance Zone: 6310 (aligned with the upper boundary of the triangle). Support Levels: T1: 6280 - T2: 6250 - T3: 6200 Bearish OB (Order Block): The price recently tested the Bearish Order Block near 6,310, reinforcing this level as a strong resistance. Bullish Breakout: A confirmed breakout above 6,310 with strong volume could spark a significant rally, potentially targeting higher resistance levels. Bearish Continuation: A breakdown below 6,280 may open the door for further downside, aiming for 6,250 (T2) and possibly 6,200 (T3). Disclaimer: This analysis is shared for informational purposes only. Please trade responsibly and consult a financial expert before making any trading decisions. Patience and discipline are crucial. Always wait for solid confirmation before entering any trades to minimize risks and align with the trend. If you found this breakdown insightful, don’t forget to like, share, and drop your thoughts in the comments! Your engagement inspires me to share more valuable insights. Let’s keep learning and growing together—happy trading!
The price is currently trading in the second descending channel after reaching the upper trendline. Since then, it has started to fall, and it is likely to continue dropping toward the 21,570 level. If the price breaks below this level, it could sharply decline, crossing through the 21,370 and 21,170 zones. For a bullish trend, the price needs to break the descending channel and stabilise above 21,925. Once it surpasses this level, the next target would be 22,115. This zone, located between these two levels, is the last strong resistance zone. A successful breakout above this area would likely push the price to a new high.
Silver broke the structure and created new LL. It touched the fair vaule gap and corrected upwords but is still in downtrend.
SET:SPA going to cool down for the next leg up. nfa do u have this in ur bag?
the price was in overall downtrend, but after breaking the last LH on major scale creating a HH. then he came back down to create a HL. on this manor scale the price created LL/LH. that LL been broken by the price so I have to adapte to it i engage in a new trend the rice brok lh to the up side so I waited for hem to came back and show me a signe..
Nice entry on the 4HR timeframe for a short on Nasdaq. Allignes with my entry requirements and poses a massive target.
going to cool down.. low 2c before 6c probably 1-2 months..
After breaking out of the sideways channel, gold shows a strong upward trend. Currently, we observe consolidation near a key resistance level with the potential for either an upward breakout or a pullback. Key levels: • Buy Stop: 2769 EUR • Sell Stop: 2731 EUR Possible Scenarios: 1. Breakout Upwards: If the price consolidates above 2769 EUR, we may see a rise towards the 2785-2800 EUR range. 2. Pullback Downwards: If the price breaks below the 2731 EUR support, a drop towards 2700-2680 EUR is possible. What to Consider: • Trading Volume: An increase in volume during the breakout will confirm the direction. • Fundamental Factors: Key economic news from the Eurozone may influence price movements. My Approach: I set pending orders for both scenarios and act only after confirming the breakout.
Solana has a great chance of upward movement to happen as we see signs. in both the 200 EMA and Bollinger Bands indicators. More in-depth info is in the video—enjoy! Swallow Team
at trendline support.. if it holds up then new aths.. if not.. back to low 2c.. with maybe a revisit in the 1c range.,