GBPCAD - W bottom - 4hr - 100 pip moveFirst post and a complete novice so here goes!
Strong movement down on the 4 hour chart.
Tested 1.83205.
Pulled back and currently retesting the same area.
RSI went below 30 showing its overbought but it is showing bullish divergence which I expect a 100pip move up to complete the W bottom pattern.
What's your thoughts?
Chart Patterns
Gold Long Setup - Manipulation Before AccumulationAfter an exceptional rally towards the highs, Gold will be retracing to retest the order blocks, trendline and sweep liquidity of the local lows. I will be looking at longing Gold at 3133 area upon internal liquidity sweep, trendline and order block retest.
Entry: 3133
Target: 3500
Stoploss: 2953
EURCHF new bearish push expecting
OANDA:EURCHF FALLING WEDGE we are have, in moment its be breaked, price is also be and on trend line with FW, i am expect price will continue pushing, but looks like we will have break of trend line and bounce on sup zone 0.93950
SUP zone: 0.94000
RES zone: 0.92450, 0.92000
Netflix price correction will continueBased on the 2-month Cash Data chart, it is quite clear that the diametric pattern is completing.
Considering that the diametric wave-(B) has taken a lot of complexity and time, it seems that the wave-(F) is not completed and has little complexity and time, so we considered two scenarios for the wave-(F):
Scenario 1
Considering that after the wave-(E) there was a rapid downward movement, the wave-(F) will become an irregular contracting triangle, then the wave-(G) will start and grow
Scenario 2
The wave-(F) can turn into a flat pattern with a strong wave-b. In this type of flat, usually the wave-c cannot retrace the entire wave-b, as a result, the wave-c of this type of flat pattern can turn into a terminal pattern, and then the diametric wave-(G) of a higher degree will start.
Bull market ends gold's declineHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
A few moments ago, the price traded inside a little flat, where it declined to the bottom part and then started to grow.
In a short time, it reached the $2955 level, broke it and started to trades inside a big flat, exiting from a small range.
After this movement, the price reached the top part of the flat and then corrected, after which it entered to pennant.
In the pennant pattern, Gold exited from a flat and rose to the resistance line from the support line, breaking the $3205 level.
Also recently, price made a correction, but then it turned around and bounced up, thereby exiting from pennant.
Now, I think that Gold can rise a little and then start to decline to $3205 support level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
I know many people's accounts have been burned or are about to be burned due to the rapid decline and rise of gold. If you are a novice or you need some advice, you can contact me and I will give you free advice.
BTCUSD INTRADAY sideways consolidationThe BTC/USD pair maintains a bullish overall sentiment, underpinned by a sustained upward trend. However, recent intraday price action suggests a phase of sideways consolidation, indicating a potential buildup before the next directional move.
Key Levels:
Support: 90,880 (primary), followed by 88,800 and 87,070
Resistance: 98,940, with extended targets at 101,030 and 101,100
A corrective dip toward the key support zone at 90,880 could offer a bullish rebound opportunity. A successful bounce from this level would reinforce the uptrend and pave the way for a test of the 98,940 resistance. A breakout above this level may open the door to further gains toward 101,030 and 101,100 over the longer term.
Conversely, a decisive break and daily close below 90,880 would invalidate the bullish setup, potentially triggering a deeper pullback toward the 88,800 and 87,070 support levels.
Conclusion:
While the broader trend remains bullish, BTC/USD is currently consolidating. Traders should watch the 90,880 support closely—its defence may confirm trend continuation, while a breakdown could signal a short-term bearish reversal.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
GOLD - Near to CUT n REVERSE Area? what's next??#GOLD. market perfectly bounced from our area and now market just above his current suportinga area that is around 3382-87
keep close if market holds then further bounce on table.
NOTE: we will go for cut n reverse below our region.
good luck
trade wisely
Gold operation strategyFrom the 4-hour analysis, gold bulls are making another strong impact. On the top, we pay attention to the short-term suppression of 3385-90 and the suppression of 3400. On the bottom, we pay attention to the short-term support of 3350 and the important support of 3336-40. In terms of operation, we mainly buy when the price falls back. In the middle position, we always watch more and do less, and follow up orders cautiously, and wait patiently for key points to enter the market. Gold operation strategy: Buy when gold falls back to 3350-53, and cover long positions when it falls back to 3336-40, stop loss 3327, target 3380-3385, and continue to hold if it breaks;
Gold bulls are coming on strongFrom the 4-hour analysis, gold bulls are making another strong impact. On the top, we pay attention to the short-term suppression at 3385-90 and the suppression at 3400. On the bottom, we pay attention to the short-term support at 3350 and the important support at 3336-40. In terms of operation, we mainly go long on pullbacks. In the middle position, we should watch more and do less, chase orders cautiously, and wait patiently for key points to enter the market.
Gold price continues to rise wildly after the holiday!Technical analysis of gold: Gold soared all the way after opening on Monday yesterday. Although it retreated slightly during the period, it continued to maintain its strong pace. So far, it has reached a high of around 3386, with an increase of about 150 US dollars. The daily line is also supported by the middle track, directly breaking through the suppression of the moving average system, and allowing the market to become strong again after two weeks of baptism. The strong and rapid rise in the morning of the day also formed two possibilities. Either the bulls will continue to exert their strength, but this requires support in the later period, especially in the European and American sessions of the day. The highest reached around 3386 in the morning and then retreated, and the lowest reached around 3350. If it continues to fluctuate in this range before the European session, it may still have room for upward movement in the later period. On the contrary, if the European session directly breaks through in the opposite direction, it is very likely to be converted into a decline in the shorts, not a retracement correction of the bulls;
Will gold fall after encountering resistance at its high point?Gold bulls are making another strong attack. We are concerned about the short-term pressure at 3385-90 and 3400 on the top. We are concerned about the short-term support at 3350 and the important support at 3336-40 on the bottom. In terms of operation, we mainly buy when the price falls back. In the middle, we should watch more and do less, and follow up orders cautiously, and wait patiently for key points to enter the market. Gold operation strategy: Buy when the price falls back to 3350-53, and cover the position when the price falls back to 3336-40. Stop loss at 3327, target at 3380-3385, and continue to hold if the price breaks through.
SPY/QQQ Plan Your Trade For 5-6 : GAP Breakaway patternToday's pattern suggests a morning GAP will take place and price will continue to break away from yesterday's body range.
Given the fact that the markets are already almost 0.8-0.9% lower than yesterday's closing price level, this suggests the markets will continue to trend downward today.
Is this it? Is this the breakdown for May 2-5, seeking the Major Bottom I've talked about for the past 3+ weeks?
We'll find out over the next 5-10+ days.
Ultimately, the EPP patterns have aligned across multiple instruments/symbols to present a very clear opportunity to the downside. Now, we need to watch and wait as the markets should be moving into the early FLAGGING stage of the downward EPP pattern.
After the FLAGGING pattern, we should get the breakdown into consolidation, which is where I believe big profits can be made. That breakdown into the consolidation phase is usually very aggressive and can often be after the FLAGGING range.
Gold and Silver are making a move higher. I suggested this would be the case over the past 5-10+ days - but, boy, was it frustrating to watch Gold and Silver consolidate over the past few weeks.
At this point, I'm looking for Gold to rally above $3500 and for Silver to attempt to rally above $34.00.
Bitcoin seems to be leading the SPY/QQQ (again) and appears to be about 2-3 days ahead of the major US indexes, attempting to move into a downward FLAGGING formation.
This could be very interesting if BTCUSD continues to lead the SPY/QQQ. Meaning, we may be able to rely on the structures/setups in BTCUSD as a 2-3 day early window of that the SPY/QQQ may be doing (for a while). I'm sure it won't continue to align at some point in the future.
Again, I'm getting great comments from followers and subscribers. Thank you.
I'm doing my best to deliver the best research I can within these 15 to 20-min videos.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
GOLD Will Go Up! Long!
Take a look at our analysis for GOLD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 3,388.78.
Taking into consideration the structure & trend analysis, I believe that the market will reach 3,436.70 level soon.
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.
Like and subscribe and comment my ideas if you enjoy them!
USDJPY Will Move Higher! Buy!
Please, check our technical outlook for USDJPY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 142.756.
Considering the today's price action, probabilities will be high to see a movement to 144.697.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
WTI OIL May be closer to $50 and below than a recovery.WTI Oil (USOIL) is having a strong green 1W candle but remains on a strong selling sequence since the January 13 2025 rejection on its 1W MA200 (orange trend-line). So far this is technically the Bearish Leg of the Channel Down that started after the March 07 2022 market top.
The Bearish Leg that was initiated then, declined by -48.60% so if the current one repeats this we are looking at prices close to $41 by the end of the year or beginning of 2026. Technically, as long as the 1W MA50 (blue trend-line) holds, the immediate Targets within a 3-month horizon are $50 and $46.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇