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Gold at a Crossroads: Breakout or Sharp Correction Ahead for XAU1. Daily Time Frame (1D) Channel Formation: The daily chart shows an ascending channel, indicating a consistent upward trend. This structure suggests that gold has been gradually gaining strength over time, with higher highs and higher lows. Key Levels: 2,507.90: Price is hovering near this key resistance, close to the upper boundary of the channel. This is also near a 15M Liquidity Zone (LQZ), making it a potential reversal point if the price cannot break through decisively. 2,500.953 and 2,477.895: These are marked as 4H Liquidity Zones (LQZ), providing support within the current channel. A drop below these levels could signal a deeper pullback towards the Daily LQZ at 2,352.710. 2. 4-Hour Time Frame (4H) Continuation Pattern: The 4H chart mirrors the ascending channel visible on the daily chart. The price is currently testing the resistance area, and there is potential for a pullback if it fails to break above. Liquidity Zones: 2,507.180: This is a 15-minute LQZ, very close to the current price. 2,500.953: A more significant 4H LQZ is just below the 15M LQZ. The confluence of these zones adds weight to the potential for a reversal or a strong move if this area is breached. 3. 15-Minute Time Frame (15M) Rejection and Potential Correction: On the 15-minute chart, there is a small rising wedge pattern that appears to be breaking down, indicating a potential short-term reversal. The price is rejecting the upper boundary of the wedge, suggesting that a correction could follow. Trade Opportunity: A break below 2,500.953 (15M LQZ) could lead to a sharper move down towards 2,477.895 (4H LQZ). This aligns with the larger time frame structures, adding credibility to this potential move. 4. 5-Minute Time Frame (5M) Immediate Reaction: The 5-minute chart shows a rejection of the upper boundary of the ascending channel and a possible small head and shoulders pattern developing. This further supports the bearish outlook in the very short term. Potential Targets: If the pattern plays out, a move towards 2,500.953 and below would align with the bearish scenarios on the higher time frames. Conclusion Short-Term Bearish Bias: Across all time frames, there's a consistent pattern of the price rejecting key resistance areas, particularly near 2,507.90 (15M LQZ) and 2,500.953 (4H LQZ). This suggests that the price may correct downward before any further attempts to break higher. Watch for Confirmations: If the price breaks below the 4H LQZ at 2,477.895, it could indicate a deeper pullback, possibly towards the daily LQZ at 2,352.710. However, a strong bounce from the current support levels could resume the upward trend. This analysis aligns with the multi-touch confirmation approach​and the rule of three​, which emphasizes the importance of repeated touches on a trendline or key level before confirming a breakout or reversal.
OANDA:XAUUSD
by MommaPreneur
17
USDJPY 20m Short-term Short Analysis Strategy preconditions USDJPY 20m chart, the downtrend strength has not completely depleted, we can still take some final Short trades before potential ranging or reverse begins. There are 2 Short strategies to go about, the first one is more risky while the second is safer and more rewarding. 1. Directly enter Short around the 20m resistance level 145.544, as the blue prediction shows. SL can be set below the "Caution level", TP at 144.520, do not be greedy for this trade, since the market can reverse quickly. I sense already that the momentum starts slowing down. This trade is more risky because we'll ignore additional LTF downward BOS confirmation, instead, we take Short directly when the 20m resistance is reached. 2. if we see that before the market reaches the 20m resistance, it has formed a relatively more bumpy and slower pattern shown by the purple prediction, we then wait for a clean LTF downward BOS confirmation and pullback prior to our Short entry. SL can be set above the entry area, and TP in this case can be more greedy at 1H level 144.147, which seems pretty clean in 20m chart as well. Cautions For the second strategy, if the "Caution level" is reached before any LTF downward BOS confirmation has formed, we must abandon this strategy, and start re-analysing the whole thing. In that case, I think the market will start ranging. For the first strategy, if the "Caution level" is reached first, then it is a loss. I know that the downtrend on 20m chart seems promising, but do NOT be greedy and think about some daily TP far below. We only take profit that we do understand.
Short
by ForextWaveTrading
4
BLUE DART EXPRESS | 100% returns | Breakout of 9-year resistanceBLUE DART EXPRESS Monthly time frame Breakout from 9-year white resistance trend line Breakout from perfect cup & handle pattern Stock riding above 20-, 50- & 200-month moving averages RSI > 60, indicating bullish momentum MACD crossover done and is above the 0 line, indicating bullish momentum Volumes have been good since Apr 2020, implies heavy buying Weekly time frame Retest of the white resistance trend line almost complete Stock riding above 20-, 50- & 200-week moving averages RSI > 60, indicating bullish momentum MACD above the 0 line, indicating bullish momentum Daily time frame Stock consolidating along the white resistance trend line Stock has made a higher low (Dow theory) Stock price converging along 20- & 50- day moving averages, breakout possible RSI > 50, indicating bullish momentum MACD is about to cross the 0 line, indicating momentum build up Conclusion Entry: 8,000 Stop Loss: 6,700 Target 1: 9,600 Target 2: 12,150 Target 3: 16,275 Fundamentals ROCE = 19.2% {Ideal > 15} ROE = 22.7% {Ideal > 15} Stock PE (65) = Industry PE (65) {Stock not overvalued} Int Coverage = 5.81 {Ideal > 2} CF Operations / EBIT = 1.83 {Ideal > 1} Debt to equity = 0.78 {Ideal value < 1} Promoter stake has remained consistent over the years > 75%
NSE:BLUEDARTLong
by shyamsrk2
5
MICROSOFT Targeting $500 before the end of the year.Microsoft (MSFT) has made a new long-term bottom and recovered almost all of August's losses. That bottom is technically the Higher Low of the 20-month Channel Up that started in January 2023. The price is currently consolidating below the 1D MA100 (green trend-line) and if broken, it will confirm the new Bullish Leg. In the previous (2) Bullish Legs of this Channel Up, the price tends to re-test the 1D MA50/100 cluster to confirm it as the new long-term Support after the break-out, so expect that to take place at some point. Having though formed a new 1D MACD Bullish Cross, we can assume that this is already a safe level to buy for the long-term, as every Bullish Cross below 0.0 has technically been a confirmed buy level. Our Target for the end of the year is $500, which is still technically a 'modest' one as it is considerably below the 2.0 Fibonacci extension, which priced the March Higher High. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:MSFTLong
by TradingShot
4
Bitcoin: Play Support/Resistance Or Stay Away.Bitcoin has established a higher low off the 56K support area as anticipated in my previous article. From here a test of the 62 to 64K resistance area is within reason over the coming week. No matter what information you consume, the price action at this time is clear: Bitcoin is still INSIDE a broad consolidation. This means UNTIL it can demonstrate a breakout one way or the other with conviction, it is best to anticipate the consolidation to continue. This means paying attention to action around notable support/resistance levels that are relevant to your strategy time frame. In the markets, there is a tendency for "history to repeat itself". I understand this to mean the human behavioral element behind the price action. I mention this because if you notice, the low 64K area has numerous repetitive reactions over the previous few months (see arrow). The reason why does not matter, what matters is that there is a particular kind of price action around a level that can be anticipated in the near future. How you utilize this information will depend on your strategy specifically. For example, if you are looking for day trades you may not use it the same way as someone looking for swing trades, etc. Another aspect to keep in mind is the fact that we are now entering into the SLOWEST time of the year in terms of participation and volume. Weeks 3 and 4 of August are usually slow, erratic and very tough to navigate particularly on smaller time frames. Volume usually returns back to normal by the first week of October. This is NOT precise, but a tendency that I have observed over the years. This means it is usually better to be more selective about setups, take more time off and/or paper trade more. Low volume does not imply bearishness per se, but it can increase the chances of slow grinds either way, lack of follow through, price spikes that fake out, etc. Play the support/resistance or don't play at all. When operating on smaller time frames you can consider this situation from both sides. Look for confirmation of momentum continuation patterns on the long side until price reaches the 62 to 64K area. From there look for confirmations of bearish reversals. "Confirmations" is synonymous with "signals" generated by my Trade Scanner Pro. When markets consolidate like this, technical analysis can help immensely when it comes to evaluating potential, risk and probability. I repeat this often, this is NOT about forecasting the future, it is about using previous information to identify potential and measuring the associated risk. This is what CONTEXT is all about and where trade ideas begin. To have chance of winning you must be able to anticipate while at the same time account for the possibility of being wrong. This is NOT about hunches, feelings, opinions or logic. It is all about being a good "listener" of the market because it is ALWAYS right. Thank you for considering my analysis and perspective.
COINBASE:BTCUSD
by MarcPMarkets
15
Bearish reversal?GBP/CAD is reacting off the resistance level which is a pullback resistance that lines up with the 78.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.77176 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement. Stop loss: 1.78211 Why we like it: There is a pullback resistance level. Take profit: 1.76227 Why we like it: There is an overlap support level which aligns with the 38.2% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Nuls | Simple Signal (Volume Breakout — 185% BU-Pot.)Let's keep it simple... Just notice the trading volume yesterday (19-August) on this daily NULSUSDT chart. A very strong "volume breakout." Trading volume, suddenly, becomes the highest since early 2024. Notice that this is happening as the rest of the altcoins market goes bullish (marketwide correlation) as well as after the C wave of a classic EW ABC correction. 👉 This indicates that there is potential for growth. I am showing two targets on the chart, 137% and 186%... But it can go higher, much, much higher... You've been warned! Namaste.
Long
by MasterAnanda
8
ARM: Approaching an inflection point. | 1H & D Chart Analysis |On the 1-hour chart, the price is moving within an ascending channel, marked by the two purple trendlines. The price has been consistently making higher highs and higher lows, indicating a strong short-term uptrend. However, it’s currently approaching the lower boundary of the channel, which coincides with the 21-hour EMA. This area could act as double support, and a bounce from here might lead to another attempt to reach the upper boundary of the channel. If the price breaks below the channel, it could signal a short-term reversal, leading to a potential test of the recent low around $97.76, which is its most important support level. On the daily chart, after a significant drop, the price has started to recover. The 21-day EMA is still sloping downward, indicating that the broader trend might still be under pressure. What's more, thihs 21 EMA is acting as a resistance level for ARM, as it failed to break it last week. Could ARM reverse the mid-term bearish sentiment? Yes, but it needs to break the 21 EMA (D) asap. If the price stays inside the ascending channel observed on the 1h chart, even better. By turning bullish, the open gaps (yellow squares) will become our next targets. Summary Support Levels: Watch the lower boundary of the channel on the 1-hour chart. Resistance Levels: The immediate resistance is at 21 EMA on the daily chart, with the upper boundary of the channel on the 1-hour chart also acting as a potential resistance. We should be cautious of a break below the ascending channel, as it could indicate a short-term reversal, while a sustained move above 21 EMA on the daily chart could suggest a more prolonged recovery. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:ARM
by Nathan_The_Finance_Hydra
2
Fed’s Powell to Address Rate Cuts at Jackson Hole: What to KnowThe annual Jackson Hole Monetary Policy Symposium takes place this week. Jay Powell, head of the Federal Reserve, will step up to the podium on August 23 and shed light into the central bank’s interest rate-cut timeline. His words will echo around global markets and either propel stocks higher on rate-cut optimism or knock them down if the outlook turns gloomy in the lead-up to the Fed's rate-setting meeting on September 18. No in-between. The most exclusive retreat in central banking — the Jackson Hole Monetary Policy Symposium — is gathering top bankers, economists, financiers and other financial heavyweights for three days of idea swapping, hint dropping and market popping (hopefully.) What’s Jackson Hole? Every August, the top dogs in global finance trade their suits for some Wyoming flannel and gather at Jackson Hole. Hosted by the Kansas City Fed since 1978, this is the forum to brainstorm the future of monetary policy and send it out to traders ready to absorb every word. It’s like summer camp for the financial elite, except the campfire stories can crash markets or send them soaring. When the Fed Chair speaks here, the world listens. Major policy shifts have been telegraphed at Jackson Hole, from hints of rate hikes to the next round of quantitative easing. If you’re trading, you can’t afford to ignore what’s said — or not said — in these mountain-side discussions. Highlights from Past Forums 2010: Ben Bernanke, then Fed Chair, hinted at QE2, a measure to spur growth and keep prices steady through bond purchases, and the markets took off like a rocket. Were you long? Because it was a good time to be long. 2020: Jerome Powell unveiled a major shift in Fed policy towards average inflation targeting. The central bank was more inclined to tolerate inflation above the ideal 2% target before it started pumping interest rates. Expectations for This Week’s Gathering This week’s Fed event will be especially meaningful and consequential. The Fed boss is slated to present his keynote address on August 23. Jay Powell, the man who moves markets with a simple “Good afternoon,” has a lot to break down. Inflation has been going down recently. The latest figures show the consumer price index for July slipped under the 3% mark for the first time since 2021. Consumer spending remains resilient. The retail sales report, again for July, showed that the mighty American shopper upped spending by 1% , topping expectations. The labor market, however, got way off the beaten path. Just 114,000 new jobs were created in July. This is also what caused the global market shake-up that sent ripples through every asset class — from stocks to crypto and beyond. Against this economic backdrop, Jay Powell will be moving markets and making headlines as he delivers his remarks. Front and center is some sort of further confirmation of an expected interest rate cut — already communicated and most likely already priced in. The question now is not if, but by how much interest rates are getting trimmed. Analysts expect borrowing costs to go down either by 25 basis points or a bigger, juicier 50-basis-point cut. And here’s what each one of these means and what’s at stake. If the Fed chooses to cut rates down by 25bps, it risks not doing enough to prevent the economy from tipping into a recession. Higher rates for longer make it more difficult for businesses to borrow and drive growth. But if the Fed chooses to cut rates by too much — a jumbo 50bps cut — it runs the risk of reigniting inflation and, what’s even more, fueling another speculative bull run in the markets. Low rates make money less expensive as loans cost less. The expansive monetary policy measure of cutting interest rates aims to boost economic growth both on the business level and the consumer level. Companies take out loans to expand their operations, build new stuff and hire more workers. And the average consumer finds it easier to get a mortgage or buy a new car (or some Bitcoin ?). Overall, more money is spinning around, creating opportunity and offering liquidity for deals across markets. Brace yourselves as Jay Powell gets ready to drop some hints and prepare the audience for the Fed’s next meeting coming September 17-18. The markets may very well be heading into a rollercoaster few weeks as they try to predict the scale of interest rate cuts. Are you getting ready to pop a trade open this week? Share your thoughts and expectations below!
SP:SPX
by TradingView
8
Natural gas is the downtrend resuming? Nat gas still fits all the criteria for a large downtrend. Lower highs & Lower lows are still in place on the weekly timeframe. This obviously swings probabilities in favour of lower price. However historically were still at some oversold levels. Just because this asset is oversold honest mean it can't go lower. Im watching the daily 50MA & 200MA closely...do we get the death cross formation to occur again? Usually this signal provides a near term bounce but medium term decline.
CAPITALCOM:NATURALGAS
by Trading-Capital
7
BTC Bullish Target $70K vs. Bearish Drop to $41K | ICTIn this video, I dive deep into two potential scenarios for the market: A bullish scenario targeting $70,000 and a bearish scenario pointing towards $41,000. I explore the concept of a smart money reversal and the market maker sell model to provide a detailed analysis of possible price movements. Additionally, I discuss the bearish price structure and what it could mean for the market in the near term. Whether you're bullish or bearish, this analysis will help you understand the key levels to watch and the strategies that may unfold. I would love to get some feedback! 🔥
by SerenityEquity
29
Dow Theory: A Guide to Trend FollowingThis is a follow up idea from my recent idea about a trade setup on the Nasdaq that I thought was an excellent opportunity due to the major trend break that had lasted nearly a full year. We'll see if that ends up working out for me or not. I think it's too soon to say, but as of now it did break above and close above the line on Friday. This is a short version with some more examples, but you can check out the last video along with most of my ideas because they almost all include trend analysis. I think the power of using Dow Theory and basic trendlines is often overlooked. This is why my charts don't have indicators on them, trend following is all I need to be profitable. There are many ways to trade and all kinds of strategies you can make money with, but this is how I do it and it's how legends like Jesse Livermore did it over 100 years ago.
CBOE:VX1!
by AdvancedPlays
5
NVDA - Short Term Update - $118 Resistance - 08/15/2024NVDA is currently at the $118 resistance we discussed previously. I've moved that position to cash for the time being. Swinging some options in case we do get continuation to the upside, though. I'd like to see NVDA come back to $100 where I'd be buying back my equity but for now, just waiting to see what the price action does. Short term upside targets if we break out of 118 would be 125, 130, 132. To the downside, I'd see 112 as the first support, then 106 before ultimately seeing 100. Taking profit felt good, now I will patiently wait for the market to do something on this historically bearish time period. August on average has a -4.45% return on the S&P since 1950, and Aug/Sep combined is an average return of -5.8%. October tends to be the best month to be a buyer with an average return of 4% after 2 months and 6% after 6 months.
NASDAQ:NVDA
by bitdoctor
12
AST SpaceMobile (ASTS) Analysis: Multi-Timeframe BreakdownYet another great week traders and yet another analysis for us to look at today. I've been closely watching AST SpaceMobile (ASTS) across the weekly, daily, and 15-minute timeframes, and there’s a lot happening here. Let’s break it down: Weekly Chart On the weekly chart, ASTS has absolutely exploded. We're looking at a massive 50%+ gain this week alone. My Deno LinReg Candles are showing a steep upward trajectory, which aligns with this strong bullish move. The price has surged well above the MA21, and the momentum is clearly in favour of the bulls. The RSI is sitting deep in the overbought territory, which is a signal that we might see some cooling off soon. However, in such strong uptrends, overbought conditions can persist longer than expected. Key Support: The closest support on the weekly chart is around $19.36, but the way this stock is moving, we could see new levels of support form higher up if the bullish trend continues. Key Resistance: There’s no immediate resistance in sight since we’re in breakout territory, but psychologically, round numbers like $35.00 or $40.00 could act as resistance. Daily Chart Moving to the daily chart, ASTS has continued its bullish run, with the price extending far beyond the upper band of the CPR. This is indicative of a strong trend, but it also suggests that we might be due for a pullback or at least some consolidation soon. The MA21 is acting as solid support, and as long as we stay above this level, the trend remains bullish. The RSI on the daily chart is also in overbought territory, so we need to keep an eye out for any signs of weakness. Key Support: Immediate support on the daily is around $22.68, with stronger support at $19.88, which is near the MA21. Key Resistance: We’re in uncharted territory, but again, look out for psychological levels as potential resistance. 15-Minute Chart Zooming in on the 15-minute chart, things are cooling down a bit. After that massive run, the price is starting to consolidate, which is healthy after such a big move. My Deno LinReg Candles are starting to show some mixed signals, indicating that we might see a range-bound market in the short term. The price is currently hovering around the MA21 on this timeframe, and if it holds, we could see another leg up. However, if it breaks down, we might revisit the lower band of the CPR. Key Support: Immediate support is at $29.82, with stronger support around $28.00. Key Resistance: The next level to watch is $31.36, which was the recent high. Forecast and What to Expect Looking ahead, ASTS is in a strong uptrend on the higher timeframes, but with the RSI being overbought on both the weekly and daily charts, we could see some profit-taking or a pullback soon. On the daily and 15-minute charts, I’ll be watching to see if the price can hold above the MA21. If it does, the bullish momentum could continue, potentially pushing ASTS to new highs. However, if we start to see signs of weakness, particularly on the 15-minute chart, I wouldn’t be surprised to see a pullback to those key support levels I mentioned. Stay tuned, and let’s see where this rocket ship takes us!
NASDAQ:ASTSLong
by Deno_Trading
5