Near Protocol - 4h - Daily Range Near retesting the 4h suppor line after a HH , this is not bullish at all for now. But also, no bearish until 4.8 suport line its broken. Suport - 4.8 Resistance - 5.6 , 6.2 Neutral position
FX:GBPCAD market is currently ranging near a major resistance level after bouncing off a support level. It has also broken through the psychological level at 1.78000. I believe the market might form an ABCD pullback toward the resistance zone then continue moving lower. Given that the prevailing trend is bearish on the current timeframe, it's possible that prices could fall from the resistance nad make new lows. My goal is to support zone around 1.75760 https://www.tradingview.com/chart/GBPCAD/9wsXJEEi-Lingrid-GBPCAD-long-from-the-SUPPORT-level/ Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
Looking at the chart for Hartalega Holdings Berhad, here's my analysis: Current Price Action: - Trading at RM3.65, up 3.40% - Recently pulled back from wave iii peak - Price holding above key moving averages Elliott Wave Analysis: - Completed waves i through iii - Currently in wave iv correction - Wave v target projected around RM4.08 Key Technical Levels: 1. Support: - Strong support at RM3.54 (0.382 Fibonacci) - Secondary support at RM3.39 (0.5 Fibonacci) - Critical support at RM3.23 (0.618 Fibonacci) 2. Resistance: - Immediate resistance at RM3.76 - Major resistance at RM4.08 (wave v target) - Previous high around RM4.00 Financial Events: - September 2024: MYR-14.633M (-152.96%) - June 2024: MYR27.628M (+223.48%) - March 2024: MYR-22.374M (-68.23%) Trading Considerations: - Wave iv correction appears nearly complete - Volume profile supporting potential reversal - Risk/reward favorable for long positions - Stop loss could be placed below RM3.39
Judging from the chart, BTC/USDT has shown a clear falling wedge pattern in its recent trend and has touched an important support area (around US$92,500). The price has now rebounded from this support and is gradually moving upwards towards a potential resistance area (around $100,000). Key Support: $92,500, which has been tested multiple times and has served as a significant support. Key Resistance: The $100,000 area, located near the 0.5 retracement level ($100,388) and 0.618 ($102,259), are the key levels that the bulls need to overcome in order to rebound. The price moved from a high of $108,318 to a low of $92,458 with 0.5 and 0.618 acting as strong resistance levels. The current price is hovering around the Fibonacci 0.236 ($96,201) and if the bulls can break above this level, the next targets are $98,516 and $100,388. From the chart, we can see that the price trend has broken through the wedge boundary after running inside the wedge. 1. The current phase may see sideways movement between $92,500 and $100,000. 2. If the $100,000 resistance level is broken, BTC is expected to start a new round of upward trend, and the target price may point to $102,000 and higher. Although the specific indicators are not shown, combined with the morphological analysis: If the breakthrough of the resistance level is accompanied by a large volume, the validity of the rise is confirmed. A break of the lower support ($92,500) will lead to further declines. Overall, BTC may fluctuate between $92,500 and $100,000 in the short term. Breaking through $100,000 will open up upside potential, while falling below $92,500 may lead to a further pullback. Investors are advised to pay close attention to the Fibonacci retracement lines and volume changes to confirm the breakthrough signal. Long order operation suggestion: When BTC pulls back to the support level of 93200-92800 area, participate in long order layout. On the upside, focus on 95400 and 96200. Suggestions for short position operation: Layout short positions when BTC surges to 96200-95800 area. On the downside, focus on 94200 and 92000.
wow so much has happened with btc but now it is at the lows and i expect that it propels to the top of the range that is the trade i am looking out for. happy friday
Looking at the chart for Guan Chong Berhad, here's my analysis: Current Price Action: - Trading at RM4.11, up 5.12% - Currently in an uptrend following bottoming pattern - Price above all major moving averages Elliott Wave Analysis: - Completed waves i through iv - Currently in wave v of the upward move - Potential target around RM4.32 (wave v projection) Key Technical Levels: 1. Support: - Strong support at RM3.68 (0.382 Fibonacci) - Secondary support at RM3.48 (0.5 Fibonacci) - Critical support at RM3.29 (0.618 Fibonacci) 2. Resistance: - Immediate resistance at RM4.26 (recent high) - Major resistance at RM4.32 (wave v target) - Previous high around RM4.40 Financial Events: - September 2024: MYR-436.425M (-6.41%) - June 2024: MYR-410.132M (+40.40%) - March 2024: MYR-688.184M (-129189.60%) Trading Considerations: - Strong upward momentum - Volume confirming price action - Risk/reward favorable at current levels - Stop loss could be placed below RM3.68
Main Support: The primary support zone is identified around 192.000 - 193.000. If the price reaches this zone and shows a positive reaction, a rebound to the upside is expected. Key Resistances: First resistance zone: Around 195.500 - 196.000. Second resistance zone: Around 197.500 - 198.000. A break above this zone may signal a stronger bullish movement.
Gold prices hit a near four-week high on safe-haven demand amid financial market turmoil. Investors sought safety amid concerns about Britain's finances and President-elect Donald Trump's economic policies. In Britain, concerns about the budget deficit sent the pound to its lowest in more than a year against the dollar, with 10-year government bond yields rising to 4.92% and the FTSE 250 index falling for a third straight day, raising concerns about the risk of global financial contagion. Meanwhile, market attention turns to Friday's US nonfarm payrolls report, which is expected to show the number of new jobs in December fell to 160,000, compared with 227,000 in November. ? XAUUSD SELL 2677 2679? ? TP1: 2665 ? TP2: 2655 ? TP3: OPEN ? SL: 2687
Gold looks to be heading to the topside of the parallel channel to try and retest the liquidity break and maybe break out of the structure it has formed. this looks to be a sell spike down to grab lower side liquidity then move upside and to take out the Asia liquidity zone. please be careful of this spike as it is the first NFP for the year. it can be a massive candle.
Reviewing the previous forecast, I've decided to reassess the market. The updated wave analysis confirms our original target: the key support level at 2540.100. This critical juncture marks the low point of the higher-order wave "W". Before bulls can drive a reversal, they must recharge. This indicates the ongoing corrective phase. Exercise prudent risk management and discipline in your trading decisions, focusing solely on high-probability setups." Let me know your thoughts in comment section and please like my work ! Best wishes Tom ?