Chart Patterns
US30 Stuck at Resistance – 05/05/2025🛑 US30 Stuck at Resistance – 05/05/2025 🛑
📈 Strong Bounce – But Watch This Supply Zone!
US30 ripped from the 36,700s all the way back above 41,000 🔥 — but now we’re seeing price stall just under a major resistance zone at 41,200–41,300. Bulls have full control for now, but signs of exhaustion are building 🥵.
🔍 Key Observations:
🔹 Price holding above 40,700 (key support)
🔹 41,200–41,300 = local resistance zone
🔹 42,359 = next major upside target 🎯
🔹 EMAs still bullish but starting to curve → 🌀 possible slowdown?
⚠️ Expect a squeeze or rejection play soon — market is winding up for the next breakout or pullback 💣.
🎯 Trade Plan:
🟰 Current range = 40,700 – 41,300
🔻 Lose 40,700 = retrace likely to 39,775, possibly 39,200
🚀 Break + close above 41,300 = upside open toward 42,359–42,787
🧠 Mindset Reminder:
🔁 Don’t chase highs! Wait for clean structure or rejection
⚡ When EMAs compress, expect volatility to explode
💎 Patience + plan = edge
Technical Breakdown on Gold Spot / USD (XAU/USD) | 1H TimeframeTechnical Breakdown on Gold Spot (XAU/USD) – 1H Chart using Volume Profile, Gann, and CVD + ADX
1. Key Observations (Volume, Gann & CVD + ADX Focused)
a) Volume Profile Insights:
Value Area High (VAH): 3,312
Value Area Low (VAL): 3,230
Point of Control (POC):
High-Volume Nodes: Dense cluster near 3,229–3,250 and again around 3,312
Low-Volume Gaps: Noticeable void between 3,260 – 3,290, suggesting possible fast movement zone
b) Liquidity Zones:
Liquidity Pools:
Order Absorption:
c) Volume-Based Swing Highs/Lows:
Swing High (Volume Spike): 3,312 – area of rejection with reduced follow-through
Swing Low (Reversal Support): 3,230 – heavy volume absorption followed by rally
d) CVD + ADX Indicator Analysis:
Trend Direction: Currently shifting bullish after a prolonged downtrend
ADX Strength: ADX > 20 with DI+ > DI- (early bullish momentum building)
CVD Confirmation:
2. Support & Resistance Levels
a) Volume-Based Levels:
Support:
Resistance:
b) Gann-Based Levels:
Swing Low: 3,230
Retracement Levels:
3. Chart Patterns & Market Structure
a) Trend: Turning bullish (CVD rising, ADX > 20, price forming HLs)
b) Notable Patterns:
Reversal Base formed near 3,230 with upward breakout
Forming ascending channel – prices respecting the lower boundary support
Retest of breakout zone (POC + lower trendline) acting as potential launchpad
4. Trade Setup & Risk Management
a) Bullish Entry (CVD + ADX confirm uptrend):
Entry Zone: 3,240–3,250 (near lower trendline + POC retest)
Targets:
Stop-Loss (SL): 3,225 (below POC + swing low)
RR: Approx. 1:2.5
b) Bearish Entry (Only if trend reversal confirmed):
Entry Zone: Below 3,225 (loss of POC/VAL with CVD breakdown)
Target: T1: 3,200 (psychological + historical support zone)
Stop-Loss (SL): 3,255 (back above POC)
RR: Approx. 1:2
c) Position Sizing:
Use 1–2% capital per trade to manage downside risk
Gold Price Analysis – XAU/USD 4H Chart | Supply Zone Rejection +Gold is currently trading at $3,259, showing signs of rejection from a major supply zone around $3,271 - $3,259, highlighted by LuxAlgo's Visible Range. The price tapped into the high-volume area and faced rejection, signaling potential downside.
Key Levels:
Resistance (Supply Zone): $3,259 – $3,271
Current Price: $3,259
First Support: $3,200 – price previously reacted here.
Second Support: $2,998 – a significant former resistance turned support.
Major Demand Zone: $2,576 – strong institutional buying area.
Bearish Bias If:
Price fails to reclaim the $3,259-$3,271 zone.
Break and close below $3,200 could trigger a move toward $2,998.
Momentum below $2,998 opens a path toward $2,576, especially if macroeconomic data favors USD strength.
Watch For:
Reaction near $3,200 (potential bounce or continuation).
NFP or major U.S. economic data (highlighted on the chart) that could spike volatility.
Trade Idea: Short-term traders may look for short opportunities if the current supply zone holds. Confirmation would be a bearish candlestick close below $3,200.
Risk Management:
Use tight stops above $3,271 to limit exposure. Monitor macro events closely.
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What do you think – will Gold hold the $3,200 support or break lower? Drop your analysis below!
#Gold #XAUUSD #PriceAction #SupplyAndDemand #TechnicalAnalysis #LuxAlgo #Forex #Commodities #TradingStrategy #ChartAnalysis
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Wave V in PlayThe market appears to have completed a corrective wave IV, forming an ABC structure that tapped into the key demand zone around 20,025.1. This zone aligns with previous structure support, the lower boundary of the ascending channel, and a critical trendline.
🔍 Likely scenario:
If price holds above this level, we could be witnessing the beginning of wave V, with potential targets near 20,254.5.
Wave V is expected to unfold in 5 smaller internal waves and may extend further if price breaks through the mid-channel resistance.
🚨 🔺 CRUCIAL LEVEL TO WATCH: The 20,215 area is extremely important. Price reaction here will be decisive:
A strong rejection could signal a truncated wave V or the start of a deeper correction.
A clean breakout would confirm bullish continuation toward 20,254.5 and beyond.
🟢 Key Zones:
📌 Demand: 20,025 – 20,000
📌 Critical Resistance: 20,215
📌 Wave V Target: 20,254.5
📌 Invalidation level: A drop below 19,975 would invalidate the current bullish count.
📌 Trade Plan:
Look for bullish confirmation at 20,025 to consider long setups.
Watch 20,215 closely for signs of strength or rejection. If price breaks above it with momentum, continuation is likely.
Xrp will outperform btc in the coming months.Xrp/btc has double bottomed vs BTC for many years. At some point it will show and prove what it has lacked for almost a half decade. I myself am a long term investor who has called Xrp from the major lows and expect it to gain over btc in the next 6 months.
IMX - Is it a movie?IMX Looks like a structure is broken for everyone to watch, but the stances is as shown below!!!!!! We can see that the price was building value comfortably above $0.63–$0.65 until May 2nd. Then, a strong selling move broke below that range, followed by a new value area formation below $0.59, showing that sellers are in control and the market is accepting these lower prices. The latest session has POC, VAH, and VAL tightly compressed near $0.563, which means extremely low volatility and a potential setup for the next expansion.
But what i suggest is this, will take a last breather or just go to the next block marked as orange, can have dead cat bounces!!
EGX30 Trend AnalysisEGX30 stock started to fall, reaching the 32,383.579 support line, the 32,343.473 support line, and the 32,283.315 support line, showing the sellers' dominance over the buyers. This is because investors are cautious about the U.S. meeting with many countries, including China, on trade deals, aiming to secure a fair trade deal. In addition, it was expected that the EGX30 would not breach the resistance line 32,463.789, as there is no historical upward trend in this zone.
Hindustan aeronautics Here is the English version, ready to copy:
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This chart is of Hindustan Aeronautics Ltd (HAL). It shows a technical pattern known as the "Cup and Handle" pattern.
The chart shows a resistance zone around 4600–4700, which the stock has recently tested.
If the breakout is successful, an upward rally can be expected.
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Have a successful week
DISCLAIMER: I am NOT a SEBI registered advisor or a financial adviser. All the views are for educational purpose only
NZDCAD Will Go Higher! Buy!
Please, check our technical outlook for NZDCAD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.821.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.825 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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BTCUSD/BITCOIN | M30 | SELL LIMIT ORDERHey There,
I'm currently waiting for the level I've targeted to enter a sell position on Bitcoin.
I've shared the exact entry level with you below.
Just a heads-up:
This trade carries high risk due to potential market manipulation.
Please trade cautiously and avoid taking on too much risk.
SIGNAL ALERT
SELL LIMIT ORDER (BTCUSD/BITCOIN) 97,000/97,500
🟢TP1:96,850
🟢TP2:96,654
🟢TP3:96,100
🔴SL: 98,390
Traders, your likes are always my biggest source of motivation for me to share analysis. For this reason, I would like to ask each and every one of my followers; please do not miss your likes.
I sincerely thank everyone who supports me with their likes.
Bullish bounce off pullback support?The Kiwi (NZD/USD) is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 0.5818
1st Support: 0.5690
1st Resistance: 0.6025
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Disclaimer:
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