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Patterntrading

Understanding Gold's Path to$2680:Key Levels and Market BehaviorThe current correction in Gold is likely targeting the $2680 level, which remains relevant. However, there's also an interesting level at $2640 that has emerged along the way . This doesn’t change the overall bearish outlook for Gold, but I want to highlight something new! I’m pointing out an important detail for you: the price behavior at the $2590 level. Previously, this level was broken by a bearish candle (1), and the price has returned to it (2). The devil is in the details! Here’s the insight: if the price approaches this level from below again (as it has), breaks through, and then holds above it (1-2), we could see an upward trend. And vice versa. This pattern occurs very frequently across all instruments. The reason for the 'trigger' nature of the candle breaking support is that it serves as a trigger for many traders, including large ones. A well-established breakout pattern generates a chain of events and actions that are subsequently utilized by 'other' market participants. Keep an eye on it, or better yet, backtest it and draw your own conclusions!
OANDA:XAUUSDLong
by ClashChartsTeam
CXW Inverse Head and Shoulder + Bullish Divergence!Hey Folks! Not a fundamental analysis or financial advice, but trading idea on why it could do well in the coming months and beyond. I have discovered a technical repeat pattern in this one. I first found this stock after Trump made his statement regarding large deportations if elected. So naturally I look up prison stocks lol. I made a nice trade on it last time it dipped and reversed, and I want to bring it to everyone's attention. The overall pattern is shaping up nicely for a big move, a long election season is approaching border security will be a big deal and Core Civic will benefit in form of major government contracts, especially if Trump gets re-elected, even Biden might get pressured to crack down on border security. From the company, I'd like to see a new fundamental catalyst to capitalize on this bullish setup. Happy Trading! OnePath
NYSE:CXW
by OnePath
2
VANRY ALANYSIS (update)🔮 #VANRY Analysis - Update 🚀🚀 💲💲 #VANRY is trading in a Descending Broadening Wedge Pattern. And the price pullbacks from support zone. There is an instant resistance area and if it sustain here then we will see a bullish move 💸Current Price -- $0.1045 📈Target Price -- $0.1500 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #VANRY #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts