Date: February 6, 2025 Timeframe: M15 Instrument: Gold (XAU/USD) Market Overview : We might have found a short-term top at ATH and nearest resistance is $2,871. A Head & Shoulders pattern is starting to form. Elliott Wave (EW) suggests Wave 5 is complete, and a retracement has begun across multiple timeframes. BUT if momentum continues, $3,000 is still possible today. Key Levels to Watch : Resistance: $2,871 (nearest resistance) Support & Retracement Zones : $2,864 - $2,860 → First test zone $2,845 → Key retracement target $2,834 (1.618 Fib extension) → Deeper correction possible Scenario 1 : Retracement Confirmed If price fails to reclaim $2,871 and starts breaking below support. Target downside: $2,845 and possibly $2,834. Scenario 2 : Fake Retracement & Pump to $3K Trading Plan & Bias: Wait for confirmation at the Singapore session open. Short-term bias: Bearish only if price starts rejecting resistance & breaking structure. Invalidation : If $2,871 flips into support, the bullish trend resumes. Trade safe!!
About to pose the 50-Day HMA. Looks to be rolling over on multiple timeframes. Fundamentally, while nothing seems out of sorts—other than car batteries setting on fire and locking passengers inside—I think some political circumstances will change things imho.
Logarithm. Time frame 3 days. Line chart for clarity of the downward trend. https://www.tradingview.com/x/Yc2lb7cx/ Marker, conditionally, showed the logic of price movement from key support/resistance zones — breakthrough/not breakthrough, consolidation/not consolidation. Understanding this, you should build your trading strategy. Now is a good entry point, subject to risk management. I would advise leaving 20-30% of the money from the position in case the price falls (implementation of scenario B) to the -93-96% zone, immediately or through price growth, to the resistance of the local downward channel (which does not exist yet). If plan A is implemented, then I would advise locally exiting part of the position at the mirror resistance zone of 0.18-0.27. There will be a reversal, and the implementation of plan B, or a cut of the zone, and then an exit. In the long term, the “key” resistance of the pump is 0.0609, it is rational to exit there with most of the position, possibly with a protective stop, or a grid of limit orders, if there is an aggressive price movement. Breaking the structure of the descending channel of the main trend — its reversal, which is logical. I showed it with an arrow, but it is unlikely to happen in the near future. Locally, this is a reversal zone . https://www.tradingview.com/x/GscuZ0MU/
#GOLD.. perfectly retrace from our expected area 2880-85 And now market holding his current supporting area that is around 2863-64 Keep close it guys because that area is our current supporting area and only holding of that area can create again buying volume otherwise below that we will go for a cut n reverse on confirmation. Stay sharp.. Good luck Trade wisely
Based on Monthly and Weekly TF, the market is in a downtrend. Daily is currently isn a downtrend as well. Let's see if this trade idea will play out. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Hello, this is Greedy All-Day. Today's analysis is focused on the Nasdaq. Chart Link: www.tradingview.com/x/l6aR8qLz/ Let’s start by reviewing Wednesday’s briefing. We entered a buy position after the resistance trendline was broken, with the first entry occurring at the yellow box. The second entry was made after breaking above the previous high of 21,694. With the horizontal line set as the target, the price rose about $180 from the first entry, resulting in a $3,600 profit per contract. As for sell positions, there was no entry since the upward trendline held and no trend reversal occurred. Chart Link: www.tradingview.com/x/zH0LCxCK/ Let’s review the daily chart. The Nasdaq is still consolidating within the pattern. If this consolidation is broken, we could see a trend reversal, which could further strengthen the upward momentum. However, for now, it seems the price is still moving within the pattern. Chart Link: www.tradingview.com/x/3I6S9ciA/ Here’s today’s trading strategy: Buy Position No planned entry. Reason: Although the uptrend is clear, the price is approaching a critical area marked by the black box on the daily chart. In this area, the price could either break out and then retrace or lead to a trend reversal. It could also continue to gain buying momentum, making this zone highly uncertain. Therefore, no buy signals are planned. Sell Position Entry 1: Upon a break below the upward trendline at the orange box. Reason: The current uptrend has been following a staircase-like expansion pattern, making the timing of a trend reversal uncertain. Thus, we’ll prioritize observing a break below a trendline slightly higher than the previous one. Entry 2: Upon a break below the upward trendline at the blue box. Context: The first trendline break and the trendline we've been monitoring since Monday will be critical. Conclusion Since the gap down on Monday, the Nasdaq has been continuously rising. This once again confirms that we should focus on reacting to the charts rather than making premature predictions. Wishing you all profitable trades today!
It looks as though price has created an inverse head and shoulder pattern. We should see price drop to the support around 0,5645 before a bullish reversal. Should you be interested in exploiting the sells as well, have a sell limit around 0,5693
We are approaching big figure resistance,1st support at 6065-70,better at 6035-38 and critical support down at 6020, a hourly close below 6020 might see a quick plunge to 5930. We need to shift the angle of this rally upwards out of the current channel to accelerate beyond 6130-40 and then we can look at ATH and then the top of the megaphone pattern.
ASTS is forming a bullish pennant on the weekly chart, characterized by a pullback on declining volume after a strong impulse move. The stock recently made a high near $25 and is consolidating in a tightening range, indicating a potential continuation pattern. The declining volume during this pullback suggests sellers are weakening, while buyers are likely waiting for a breakout confirmation. Trade Plan: • Entry Trigger: A weekly close above $25 will confirm the breakout from the pennant and signal bullish continuation. • Price Target: First target at $30, aligning with the measured move projection from the initial leg of the rally. • Stop Loss: Below $23, to protect against a failed breakout and trend reversal.
I created this video to help illustrate what I believe are nearly perfect setups of multiple Excess Phase Peak Patterns over the past 30+ days in the SPY and QQQ. It is incredible how these patterns continue to form/setup in a broadening sideways price channel. If we didn't know to look for these patterns, we could easily mistake this volatility as some type of longer-term buying opportunity. Remember, if my research is correct, we are going to see an almost immediate reversal of the trend over the next 48 hours - leading to a Deep-V set up in the early few days of next week. I've been wrong before, but I really do believe this Deep-V downward trend is about to happen. I believe some news event over the weekend could send the markets into a minor panic-type selloff. Additionally, I believe the disruptions related to what is happening in DC and other areas may be enough to send the markets searching for support. Recent earnings have not been fantastic, and we are moving into a relatively complacent Q1:2025. So, I still believe we are moving into a broadening "megaphone" price range on the SPY and QQQ. One thing is certain right now: In about 4 to 7 days, we'll know whether my Deep-V base/bottom pattern call (from more than 30 days ago) was accurate. Buckle up, folks. This is when things get really interesting. Get Some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold