Davidhills_110

Davidhills_110

This is a Bitcoin (BTC/USD) trading chart from TradingView, showing the 1-hour timeframe on the Bitstamp exchange. Key Elements in the Chart: 1. Current BTC/USD Price: 95,629 USD, with a -2.75% drop (-2,708 USD). 2. Parabolic SAR Indicator (blue dots): This is a trend-following indicator. Dots above the price indicate a downtrend. Dots below the price...

Davidhills_110

This chart is a 1-hour (1h) trading chart for the British Pound (GBP) against the U.S. Dollar (USD) on FXCM, published on TradingView. Here’s what it indicates: 1. Key Price Levels: The current price is 1.26502, showing a slight decrease (-0.14%). The purple box represents a resistance zone where the price has struggled to break higher. A red horizontal line...

Davidhills_110

1. Rising Wedge Pattern (Highlighted in Green) A rising wedge is a bearish reversal pattern, meaning that after an uptrend, the price is likely to decline. The price has already broken below the wedge, confirming a potential bearish move. 2. Resistance Zone (Purple Rectangle) This indicates a supply zone where the price is facing selling pressure. The price...

Davidhills_110

This is a technical analysis chart of Gold CFDs (US$/OZ) on a daily timeframe, published on TradingView. The chart includes the following key elements: 1. Uptrend: The price is following an upward trendline, indicating bullish momentum. 2. Support & Resistance Levels: A yellow dashed line (~2,879.291) represents a key support level. A red line (~2,785.719)...