NEAR ATH WILL GOLD BREAK ATH OR FALL?Our precious gold keep making new ATH and breaking it another day
So for today new ATH is 2845 and Market rejects our ATH and make resistance over there if the resistance breaks then we can see 2850 first then drop to 2820
otherwise it will drop now📉
Remember to follow money management and use small multiple lots and keep booking profit
GOOD LUCK💪😊
Community ideas
DXY - ANALYSIS👀 Observation:
Hello, everyone! I hope you're all doing well. Let me share my personal view on the DXY (Dollar Index) with you.
Based on the chart, I expect DXY to move upward after completing a 78% pullback and reaching the 108.010 level. From there, I anticipate the price to rise toward the range of 110.668 to 110.877.
However, if DXY breaks below the 107.500 level in the 1-hour timeframe, I expect it to move downward toward the range of 106.663 to 106.174.
📉 Expectation:
Bullish Scenario: Upward move to 110.668–110.877 after holding 108.010.
Bearish Scenario: A break below 107.500 targeting 106.663–106.174.
💡 Key Levels to Watch:
Resistance: 110.668, 110.877
Support: 107.500, 106.663, 106.174
💬 What’s your outlook on DXY this week? Let me know your thoughts in the comments!
Trade safe
LLY - in preparation for strong earnings report!Moving on to our next great Stock set up - LLY
Eli Lilly and Company (LLY) has demonstrated robust financial performance, driven by its innovative pharmaceutical offerings, particularly in the weight-loss segment.
In the third quarter of 2024, the company reported a 20% year-over-year increase in revenue, totaling $11.44 billion. This growth was primarily attributed to a 15% rise in sales volume and a 6% increase in realized prices. Key contributors to this success were the weight-loss drugs Mounjaro and Zepbound.
Looking ahead, analysts are optimistic about Eli Lilly's financial trajectory. The company is expected to report fourth-quarter 2024 revenue of approximately $13.5 billion, marking a 45% increase compared to the same period in the previous year. This projection includes significant contributions from Mounjaro and Zepbound, with anticipated revenues of $3.5 billion and $1.9 billion, respectively.
Analysts have expressed positive sentiments, with 10 out of 11 surveyed by Visible Alpha rating the stock as a "buy" and setting an average price target of nearly $986, approximately 21% higher than current levels.
Overall, Eli Lilly's strategic focus on innovative treatments and its strong product pipeline have positioned the company for continued financial success.
So far we believe that the strong fundamentals , and current growth provided by the weight loss drug that has had tremendeous success we would see a positive outcome on their earnigns and growth potetial.
Entry: 813
Target 1: 857 - 1st weak resistance
Target 2:950 - 2nd strong resistance
SL: 750 around the strong support area
Thoughts on Technical Analysis (Part 1)
1- Taking market entries at exhaustion figures (accumulations or distributions) is a poor investment if the preceding trends show strength (especially if the trendline hasn't been broken or they are in contradiction with balance points of higher timeframes, like a 20 EMA).
Secure reversals occur in contexts of weakness.
2- Thinking of price charts as something that either goes up or down is a mistake, as markets tend to go through long periods of indecision. We should avoid these circumstances unless a study in higher timeframes provides us with a favorable context.
3- Trades where the Stop Loss (SL) is protected by price formations, (especially if the target shows a good risk-reward ratio) not only add security to our trades but also attract more participants, increasing the chances of success.
4- Forcing market entries (or analysis) implies a lack of experience, system, or investment methodology.
Even discretionary investors express that the best opportunities are evident at first glance.
5- Not being flexible to market changes is often more a matter of ego than inexperience.
6- There is no risk management nor is it possible to perform backtesting without fixed, immutable parameters.
Any minimal change when executing our market entries significantly impacts our success rate.
7- We should avoid analyzing the market starting from lower timeframes, as our analysis might be biased once we approach higher timeframes.
Higher timeframes clarify.
8- We should avoid using several indicators of the same type (oscillators or trend), as the signals will be relatively similar in the same context, which does not provide a significant advantage.
A hundred aligned oscillator crossovers in the same timeframe won't make a difference.
9- The best quantitative trading systems are trained based on historical patterns. Moreover, harmony and repetitive patterns attract more investors.
The root of Technical Analysis is the historical pattern, and a pattern of behavior increases the probability of success.
10- The best market entries are in balance zones, and even reversals in lower timeframe trends (in disequilibrium) generally increase their reliability when they find a balance point in higher timeframes.
11- A engulfing candle is a trend in a lower timeframe, so any formation or pattern can be contextualized.
12- There are two approaches to tackling a price chart: the quantitative and the discretionary (or logical). Both approaches recognize that the market forms patterns with some predictive capacity, but they accept that most of the time randomness prevails.
13- The fathers of Technical Analysis (Charles Dow and Richard W. Schabacker) claim that lower timeframes are more prone to manipulation. Another interesting fact is that documented quantitative systems decrease their success rate at lower timeframes (some becoming unusable at 1-hour or higher timeframes).
14- Major changes in price charts are caused by minorities (who concentrate more wealth and influence) that are better informed and capitalized.
Notes:
Some classic authors taught how periods of great popular euphoria generate market corrections, as in the case of Charles Dow; while others directly created methods to understand and exploit manipulation, like Richard D. Wyckoff and his "strong hands".
The popular euphoria generated by the news that the SEC would allow the creation of the first Bitcoin ETFs, and BlackRock's entry into the Bitcoin ETF market did not cause the expected rise, but a correction. Also, Donald Trump's rise to power and encouraging news generated popular euphoria which translated into another correction. Currently, many stocks, especially tech ones, are at inflection points according to the historical record of price action, some showing exhaustion figures. It wouldn't surprise me if a series of "geopolitical circumstances" justified the corrections.
15- Colorful charts increase the irrationality and risk appetite of investors (and investment platforms know this).
Notes:
Investors in feudal Japan used red and black to represent price fluctuations. Bullish candles were red, and bearish ones were black. With the red color, investors remained alert and skeptical about gains, and black was a neutral color meant to convey calm in the face of trend reversals.
Libraries, offices, universities, and any place where maximum intellectual performance is required are decorated with neutral colors. Recreational places like bars, clubs, or casinos are extremely colorful.
A Possible Sell for GBPUSDPlease refer to the video that I just published to better understand this idea.
But, my idea is, GBPUSD at the moment hasn't really given a clear directional bias.
We were previously following the bearish internal structure (4hrs and 1HR) but Yesterday we gapped tapping into a daily (4H and 1HR) demand zone. Then immediately shooting and causing an internal trend change as illustrated on the chart.
The reason why I support selling the GBPUSD at the moment (I actually think is the strongest outcome) is based on the simple fact that we expect a pullback after every break of structure. We have three zones to consider that may initiate the pullback as illustrated above.
As such, we keep our eyes open, but even as we sell, at the moment I wouldn't be too ambitious with the sell targets.
NVDA Update: Potential Trend ReversalFor NVDA holders; NVDA has been in a strong downtrend, forming a series of lower highs and lower lows.
The price recently tested a key demand zone (114.49 - 117.07), showing signs of a possible reversal.
Breaking the supply zone (120.02 - 124.79) would be a bullish confirmation.
A breakout above 127.87 ( last swing High) would further confirm that the downtrend is over and a new impulsive move is beginning.
The price is challenging the downtrend line at the moment, and a strong breakout could trigger a strong rally.
✅ Bullish Signs to watch:
Break above 120 = Confirmation of strength
Break above 124.79 = Bullish breakout
Break above 127.87 = Strong confirmation for trend reversal
🚨 Bearish Signs:
Rejection at 120 or 124.79 could lead to further downside.
A drop below 114 would invalidate the bullish thesis.
"Amateurs focus on how much money they can make. Professionals focus on how much they can lose." – Jack Schwager
🚨 Disclaimer: This is not financial advice. Always do your own research and manage risk accordingly. 🚨
SOL USDT🚀 #SOL Breaking Out!
CRYPTOCAP:SOL 🔥 300+ Days of Re-Accumulation Above Key Support
🐂 Massive Bullish Structure Forming
📈 Breaking Through Major Resistance - Price Discovery Mode ON
💎 Three White Soldiers Pattern Confirmed on Higher Timeframes
If you're not longing #SOL now, you're missing out on the next big move! 🚀🔥
TradeCityPro | BCH: Breakout or Deeper Correction?👋 Welcome to TradeCity Pro!
In this analysis, I’ll be reviewing BCH. This coin is one of the older assets in the market, with chart data available since 2018. However, the chart I’m analyzing today is from Binance, which provides data from 2020 onward.
📅 Weekly Timeframe
In the weekly timeframe, we observe an uptrend that began at a low of 97.7. The first bullish leg pushed the price to 293.9, followed by a correction down to 189.6, and then another leg up to 693.
🔍 Currently, the price has tested the 693 resistance twice. At the same time, we have an ascending trendline, which was broken in the last weekly candle. The price has also formed a shadow towards the 293.9 support level.
🔽 If the price continues to decline and stabilizes below 293.9, we can confirm a double-top pattern. If this support breaks, the price could move down to 189.6. If the downward momentum continues, we could even see a decline to 97.7.
✨ For a short position, you can enter if 293.9 breaks, accompanied by increasing sell volume. The target for this short position would be 189.6. However, since the overall trend remains bullish, it’s important to manage risk carefully to avoid excessive losses. A break of the 41.72 RSI support could confirm bearish momentum.
📈 On the other hand, if the price stabilizes above 693, it has the potential to move up to 1414.7, which is the highest resistance in this chart and a key level. While BCH’s actual ATH occurred in 2019 and is not visible on this chart, this resistance remains crucial, and the price may react to it.
📅 Daily Timeframe
In the daily timeframe, we see a ranging box between 293.9 and 488.8, with the price now reaching the lower boundary.
⚡️ Following the breakdown of the 407.2 support, the price printed a large red candle, dropping straight to the bottom of the range. A significant support zone exists between 293.9 and 314.6.
💥 The RSI oscillator is currently in the oversold zone, meaning we should wait for a structure to form before taking a position. If the price breaks below 314.6 and 293.9, it could provide a short entry opportunity.
💫 For a long position, patience is required until the price establishes a new structure. If that happens, entering a long position upon a breakout of the structure’s high would be a valid strategy. The next resistance levels at 407.2 and 488.8 can serve both as targets for lower triggers and as new long-entry points.
🔼 The key supply zone is between 618.8 and 700.9—an extremely strong resistance area. If the price manages to break above this zone and hold, it could initiate the next bullish leg, with targets already identified in the weekly timeframe.
⭐️ A break above 56.81 on the RSI would serve as strong confirmation for a long position. Overall market volume is currently declining, so any volume surge accompanying a breakout would help validate the position.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Time to get out or.. to get in?The price reaches the bottom of the symmetrical compression triangle in which it has been moving for weeks.
A break downward brings the price back to the lows for a retest, while a possible (and I would say probable) rebound brings it back to the upper edge to attempt a breakout.
The key is whether it can rise above the M-Signal of 1M chart
(Title) The key is whether it can rise above the M-Signal of 1M chart
(Example of a trading strategy when trading spot)
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Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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(ETHUSDT 1D chart)
The key is whether it can rise above the MS-Signal (M-Signal on the 1D chart) indicator after receiving support near the M-Signal indicator on the 1M chart.
If it fails to rise above 2879.90, it is likely to fall to around 2316.10-2513.01.
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In order to trade, you need to check the support and resistance points when it rises above at least the 5EMA+StErr indicator and shows support.
In other words, it is expected that it will be important whether it is supported near 2879.90.
In order to turn into an uptrend, the price must rise above the M-Signal indicator on the 1D, 1W charts and maintain the price.
Based on the current position, it seems that it will be possible only if it rises above 3136.41.
However, since the 3265.0-3321.30 section is an important support and resistance section, it is expected that the uptrend will continue only if it rises above this section.
-
If you have selected support and resistance points, you should consider whether you can create a trading strategy near that point.
The indicators suitable for creating a trading strategy are the HA-Low indicator and the HA-High indicator.
Since it is currently located within the box section of the HA-Low indicator, you can create a trading strategy when it receives support near the upper point of the box and rises.
The box section of the HA-Low indicator is 2125.01-2921.0.
Accordingly, you can see that it corresponds to an important point around 2879.90.
Then, you can respond depending on whether there is support in the M-Signal indicator of the 1D, 1W chart or the 3265.0-3321.30 section.
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Spot trading is a place where you can get new opportunities when it falls.
However, if the investment period is short or less, you do not need to set up a trading strategy because you have to make profits while you are making profits.
However, if you are trading for a short or longer investment period, you can sell some of the amount corresponding to the purchase principal and buy back the amount sold when the price falls to increase the holding amount.
On the other hand, there is also a method of selling some of the purchase principal when the price rises after buying and buying back when the price falls.
However, there is a risk because it can rise before buying again when it is on an upward trend.
Therefore, when trading in the spot market, the time of decline is an important time to create a trading strategy, and you have to trade very busily.
If you sell all the amount corresponding to the purchase principal in this way, only the number of coins (tokens) corresponding to the profit will remain, so from then on, you will have pure coins (tokens) with an average purchase price of 0.
I think that increasing the number of coins (tokens) is a good trading method for long-term investment in the spot market.
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You should always hold about 20% of the total investment amount in cash.
This is because you can get a good opportunity when a large volatility like this occurs.
If you do not have cash, you must sell a certain amount to secure cash.
Even if you are losing money in the spot market, if you increase the amount held by selling and then buying as above, you can convert it into profit more quickly.
In my chart, the MS-Signal (M-Signal on the 1D, 1W, and 1M charts) indicator, which is a trend indicator, is important.
We need to observe in real time to see how to utilize this.
-
Thank you for reading to the end.
I hope you have a successful trade.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect to see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support or resistance.
This is because the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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Monday CLS, KL OB Midpoint, Model 1Monday CLS, KL OB Midpoint, Model 1
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
What is CLS?
This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets.
CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing.
Good luck and I hope this educational post helps to become better trader
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
A personalized indicator for Alt SeasonThe behavior of this chart is such that the green line can only block the candles once and the trend line will definitely be broken on the second collision. If this is our assumption, we will notice that in the last few months this green line has been tested for an upward break, from where the price has been reversed. Now if we move towards this line this time, it is very likely and according to its history that this chart will break upwards and altcoins will be heavily pumped.
Global Stocks Decline Amid Alphabet Earnings; S&P 500 Faces Key Stocks Hit by Alphabet Earnings
Global stocks declined on Wednesday after disappointing earnings from Alphabet weighed on Wall Street futures.
S&P 500 Technical Analysis
The price is likely to test 5970 after failing to hold above the resistance zone at 6051.
The next bearish trend will be confirmed if a 4-hour or 1-hour candle closes below 5969.
On the other hand, for the price to regain bullish momentum, a 4-hour candle must close above 6020, which could lead to a move towards 6051. A breakout above this level may push the price further to 6077.
Key Levels:
Pivot Point: 5996
Resistance Levels: 6020, 6051, 6077
Support Levels: 5969, 5937, 5896
Trend Outlook:
Bullish if price breaks above 6020
Bearish correction expected down to 5969
Down With UPSTARTWe can see on the RSI, MACD, and Stochastic that UPSTART holdings is facing heavy selling pressure in the near term.
We have provided 33, 50 and 66 % retracement levels to provide levels of interest.
Price will most likely return to test the 5day support at the gaussian channel to total a 55% drop.
$45.00 and $40.00 are our levels of interest.
GBPCAD Approaching Key Resistance — Will Sellers Step In?OANDA:GBPCAD is approaching a key resistance zone, a level previously met with strong selling pressure. The market has rejected this level before, indicating the presence of supply and reinforcing the potential for another move lower.
If bearish confirmation follows—such as rejection wicks or strong bearish candles—this could trigger a continuation to the downside, with 1.80080 as the next key target.
However, a breakout above this resistance would invalidate the bearish bias, shifting focus toward higher levels.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
USDCHF - ANALYSIS👀 Observation:
Hello, everyone! I hope you're all doing well. Let me share my personal view on USD/CHF with you.
Based on what I see, USD/CHF is currently trading within a weekly and monthly range between 0.92448 and 0.83326. At the moment, it is positioned near the top of this range, and I anticipate a move downward toward the bottom of the range.
There’s also a possibility of a shadow move, bringing the price up to 0.93708 before continuing lower.
📉 Expectation:
A downward move from the top of the range toward 0.83326, with the potential for a spike to 0.93708.
💡 Key Levels to Watch:
Resistance: 0.93708 (potential shadow), 0.92448
Support: 0.83326
💬 What’s your view on USD/CHF this week? Feel free to share your analysis in the comments!
Trade safe
Waiting For More Clarity!After that crazy liquidation movement, the price of Ethereum has had some sort of recovery but yet nothing special.
What is actually interesting is the current major zone where the price is sitting, which will determine the next big move for the coin!
Now we have 2 ways to go so we put 2 possible entries for the coin; now all we can do is just wait for more clarity!
XAUUSD(Gold) is Ready To Falls Now(READ CAPTION)Hello Traders Check My Target now, Gold is ready to fall From This Area Now Follow the Trend .
Gold has reached at High Level with its trend ,Gold will move down according to the given trend line.
Technical analysis indicate a bearish trend is coming So lets Follow up the trend .
Technical targets are 2800-2790.
Traders must support with your likes and comments ,your likes and Comments inspire me to share valuable analysis with you.
EURUSD will Grow to TopHi traders what do you think about EURUSD suggestion in comments.
EUR/USD Price looking we're noticing a gap that's almost filled. now Price will Grow To Top.
Gaps can often act as key levels, Gap is nearing completion. Gaps typically get filled but now the price will break to the resistance.
Resistance we're suggesting that once the gap is filled, the price could face resistance at higher levels. we’ve identified two targets First Target: 1.04550 2nd Target 1.05220.
if you like this analysis please support my work and fallow thanks for Love.