Get started

Chart Patterns

Nvidia (NVDA) Stock Price Drops by Approximately 17%Nvidia (NVDA) Stock Price Drops by Approximately 17% The start of 2025 appeared favourable for Nvidia (NVDA) shares from a fundamental perspective: → On 6 January, Nvidia CEO Jensen Huang delivered a keynote at the Consumer Electronics Show (CES). → On 22 January, the company's stock prices rose following President Trump's Stargate project announcement. However, news from China triggered a sharp decline, with Nvidia's stock price plunging approximately 17% yesterday, as shown on the Nvidia (NVDA) chart. According to Reuters, last week the Chinese startup DeepSeek launched a free AI assistant requiring minimal resources. By Monday, the assistant had surpassed its American rival, ChatGPT, in downloads from Apple’s App Store. CNN reports that the R1 model is both powerful and significantly cheaper than AI technologies from OpenAI, Google, or Meta. DeepSeek claimed to have spent just $5.6 million on its base model, compared to the hundreds of millions or billions invested by American companies in their AI technologies. This may have led market participants to conclude that the AI industry requires fewer Nvidia chips than previously thought, prompting a sell-off of Nvidia shares. This decline also impacted other companies in the sector, with sharp drops in Oracle (ORCL), Broadcom (AVGO), and others. As a result, Nvidia lost its title as "the world's most valuable company" to Apple, and its CEO saw his fortune decrease by 20%. Technical analysis of Nvidia (NVDA) stock chart indicates that: → The upward channel (marked in blue), formed by price fluctuations throughout 2024, has been broken, as the price fell well below its lower boundary. → The psychological resistance level of $150, previously highlighted in our analyses (most recently on 6 January), held firm despite numerous challenges. → The sharp drop, accompanied by a bearish gap between $142 and $128, can be interpreted as a market structure shift (MSS). This development may lead to reduced investor interest in the AI sector, with NVDA stock likely to continue its decline within a downward channel. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:NVDA
by FXOpen
2
Gold Intraday Trading Plan 1/28/2025Yesterday, although gold bounced from 2750 and touched 2770, it melted from there to 2730. This strong fall signals a possible trend shift. However, insterestingly, I noticed a trend line support. With previous strong weekly gain in mind, I tend to believe this strong fall is a correction and preparation for a new ATH. But I will need PA to confirm. For today's trading, I will plan to sell from 2747 at first. Initial target will be 2727. If the trendline holds, I will engage buying orders. If broken, it could drop to 2700.
CAPITALCOM:GOLD
by SteadyFund
1
USD/JPY Poised for a Bearish Reversal: Key Zone Retest in FocusUSD/JPY Analysis: Bearish Move Anticipated After Key Zone Retest The USD/JPY currency pair has been exhibiting intriguing price action recently, providing a clear roadmap for traders looking to capitalize on its movements. Let’s break down the current market structure and what it implies for future price direction. Market Structure Overview The pair has been in a sustained bullish trend, showcasing strength with higher highs and higher lows. However, a key pattern recently emerged: 1. Equal High Formation: The bullish momentum saw the pair form an equal high, signaling potential exhaustion in buying pressure at a significant resistance zone. 2. Neckline Break: Following this, the price broke below a crucial neckline, signaling a possible shift in market sentiment from bullish to bearish. 3. Retest and Second Equal High: After breaking the neckline, the price retested the zone and formed another equal high on the neckline, suggesting a strong resistance level and a lack of bullish continuation. Current Price Action The second equal high led to a decisive breakout below the neckline, confirming the bearish intent. However, in typical price action behavior, the market appears to be setting up for a retest of the broken zone before continuing its downward trajectory. Projected Next Move Based on this structure: A retracement to the recently broken zone is highly likely. This retest would serve as a confirmation of the shift from support to resistance. Following the retest, a strong bearish move is anticipated as sellers regain control and drive the pair lower. Trading Implications For traders: 1. Look for Confirmation: Wait for a clear retest of the broken zone and observe for bearish rejection signals, such as bearish engulfing candles or wicks rejecting higher prices. 2. Set Target: 150.749 while stops should be positioned above the retest zone to account for false breakouts. 3. Risk Management: As always, ensure proper risk management to mitigate losses in case the market moves against the setup. Conclusion The USD/JPY pair is showing classic signs of a potential bearish reversal. While the recent equal high and neckline break provide strong technical signals, it is essential to stay patient and wait for a proper retest before entering short positions. Traders should keep an eye on the zone around the neckline for confirmation of bearish momentum. This setup, if validated, could present a lucrative opportunity for those looking to ride the bearish wave. #USDJPY #BTCUSD #XAUUSD #GBPUSD #EURUSD
Short
by VENRAW
1
Bitcoin's Bullish Breakout: Targeting $126,500! Introduction: Bitcoin (BTC) has recently experienced a significant price surge, reaching new heights. For those new to cryptocurrency trading, understanding this movement is crucial. In this post, we'll break down the current BTC price action and discuss potential trading strategies. Current BTC Price: As of now, Bitcoin is trading at $101,254.00 USD. Key Levels to Watch: Support Level: $94,500 USD Resistance Level: $105,000 USD Market Sentiment: The market is currently bullish, with increased trading volume and positive news surrounding Bitcoin's adoption. Potential Price Target: Based on the "Cup and Handle" pattern, a technical analysis chart pattern, the projected price target for Bitcoin is $126,500 USD. Trading Strategy for Beginners: 1. Entry Point: Consider entering a long position if the price retraces to the $94,500 support level. 2. Stop-Loss: Set a stop-loss just below the $92,000 level to manage risk. 3. Take-Profit: Aim for a take-profit at the $126,500 target. Important Note: Cryptocurrency markets are highly volatile. It's essential to conduct thorough research and only invest funds you can afford to lose. Conclusion: Bitcoin's recent price action presents potential trading opportunities. By understanding key levels and technical indicators, beginners can navigate the market more effectively. Always remember to trade responsibly and stay informed. Let's Discuss! What are your thoughts on Bitcoin's current price action? Do you agree with the projected target of $126,500? Share your insights and let's engage in a constructive discussion! Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. By inviting readers to share their thoughts and engage in a discussion, you can foster a more interactive environment and encourage traders to participate in the comments section.
INDEX:BTCUSDLong
by ProcessAndIntercept
2
EURGBP WANT TO SELL EURGBP Trading Analysis 🚨 Sell Opportunity Identified 🔹 Entry Point: 0.83800 🔹 Target Level: 0.82900 🔹 Stop Loss: 0.84160 🔹 Timeframe: 4H 🔹 Indicator: EMA50 The EURGBP pair has broken the support line, indicating potential further downside movement. The price remains below the EMA50 on the 4H timeframe, reinforcing the bearish trend. ⚠️ Risk Management: Stop Loss: Set at 0.84160 to manage risk effectively. Regularly monitor key price levels and adjust your strategy if reversal patterns emerge. #ForexTrading #EURGBP #SellSignal #PriceAction
Short
by ExpertTrader041
2
DXY indicating Down Turn.DXY 3-Hour Chart Analysis: A strong downtrend has been observed in the DXY, with the price moving within a parallel channel. The channel's support and resistance lines have been respected, indicating a clear trend. Currently, a reversal has been detected from the resistance zone, suggesting a move towards the support line. This reversal confirms a sell signal. Trade Setup: Sell DXY at 107.900 Take Profit 1: 107.500 Take Profit 2: 107.100 Take Profit 3: 106.700 Stop Loss: 108.300 This trade setup is based on the technical analysis of the DXY chart and the identified downtrend. Traders should exercise caution and consider their risk management strategies before entering this trade.
TVC:DXYShort
by Natasha512
1
Execute the trading direction of goldDear Traders, As I mentioned in yesterday’s market analysis, if gold does not break below the 2760-2750 support zone during its retracement, it is highly likely to breach the 2800 threshold later this week. Taking advantage of today’s pullback, we initiated long positions near 2756. Although gold briefly dipped to 2747, it quickly rebounded above 2750, indicating the potential for continued upside momentum. Currently, gold is trading around 2769, and our long positions are already yielding a solid profit. If gold follows the anticipated trajectory and rises further, I will closely monitor its performance in the 2770-2775 zone. Should it struggle to decisively break through this resistance, I may consider a short-term short position to capitalize on a potential pullback. Bros, do you think gold will break through 2800? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
2
XRP/USDT 1H: Bulls Charging Toward $3.25 !XRP/USDT 1H Chart Analysis (Smart Money Concepts) 🚀 Follow me on Tradingview if you respect our charts 📈 Current Market Structure: Bullish momentum following a break above $3.10 resistance. RSI: 65.55, indicating strong momentum but nearing overbought conditions. Key Levels: Support: $3.10 Resistance: $3.25 (premium zone). Fair Value Gap (FVG): $2.90-$3.00 Trade Setup (Confidence Level: 8/10): Entry Zone: $3.12-$3.13 (on pullback). Targets: T1: $3.20 T2: $3.25 Stop Loss: Below $3.08 (recent swing low). Risk Score: 7/10 (moderate risk with tight management). Market Maker Analysis: Accumulation phase confirmed at $2.70-$2.80. Distribution likely above $3.25. Volume profile supports continuation toward premium zones. Recommendation: Long position is favorable within the $3.12-$3.13 range. Watch for a clean breakout above $3.20 to confirm continuation to $3.25. Manage risk with a stop below $3.08. Confidence Level: 8/10 for bullish continuation. 🚀 Follow me on Tradingview if you respect our charts 📈
Long
by Cryptokijker
2
The Fizz is Back: Coca-Cola's Stock on the Rebound● The price had encountered several resistance points around the $62 mark in the past. ● Once it broke through this barrier, the stock surged to reach a record high of $72.5. ● However, it then faced a significant pullback, dropping approximately 16% before finding support at the breakout area. ● Recently, the price has begun to climb once more, setting its sights on the previous all-time high, with expectations of surpassing it.
NYSE:KOLong
by NaranjCapital
1
SUI/USDT 1H: Bears in Control, Eyes on $3.50 Reversal Zone !SUI/USDT 1H Chart Analysis (Smart Money Concepts) 🚀 Follow me on Tradingview if you respect our charts 📈 Current Market Structure: Bearish momentum after breaking support at $4.20. RSI: Bearish divergence at the recent high of $4.00, signaling potential continuation of the downtrend. Key Levels: Resistance: $4.20 (previous support turned resistance). Support: $3.50-$3.60 (discount zone). Current Price: $3.87 Trade Setup (Confidence Level: 6/10): No entry recommended at current levels due to: Bearish momentum dominance. Lack of a clear accumulation pattern. Risk Score: 7/10 (high-risk environment). Recommendation: Wait for one of two scenarios: Reversal confirmation near $3.50-$3.60 support. Break and retest of $4.20 resistance with bullish momentum. Market Maker Analysis: Distribution phase likely still ongoing. Market makers appear to be targeting the discount zone ($3.50-$3.60) for potential accumulation before a reversal. Observation: Current price action suggests caution; stay patient for stronger confirmation of reversal or trend change. 🚀 Follow me on Tradingview if you respect our charts 📈
by Cryptokijker
2
USOIL READY TO BULLISH🚀 USOIL Analysis: Ready for a Bullish Move USOIL is showing signs of bullish potential with a buy zone around 74.80. Here's the technical breakdown: 🔄 Key Levels to Watch Entry Zone: 74.80 Technical Targets: First Target: 76.90 Second Target: 78.60 📈 Resistance Zone 75.70: Key resistance to break for confirmation of the bullish move. 📉 Support Zone 73.80: Strong support zone where buyers could step in if the price pulls back. 💡 Trading Insights Scenario 1: A sustained move above 75.70 will confirm bullish momentum toward 76.90 and potentially 78.60. Scenario 2: A pullback to 73.80 could offer another opportunity for buyers to enter the market.
FX:USOILLong
by ALBERTGOLDHUNTER
3