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Trend Analysis

Dow In Range, In Process of Forming Low Buy at Bottom of RangeAt the present moment, Dow Jones is in a range. This was evident at the start of December with the false break reversal at the high and the trading back down to the other side of the range. I will be giving Dow the benefit of the doubt of being a range until further notice and look for a failed break of the downside for the return back up to the top of the range. Rangebound = Buy at the lows when false break Sell at the highs Avoid the middle at ALL COSTS The middle of the range is the Deathtrap and I do not want to get caught buying or selling in the middle as that is where you are the most likely to get taken out. The December 26th High is right under the middle of the range and is a prime target to get taken. Once the market exhausts itself to the downside and starts the buying back up, that will be the first target. The next target is the top of the range. Another clue for this range is where each month has been opening. September, October and November has opened in the bottom of the range (notated in purple). December has opened at the top of the range. January is expected to open at the bottom of the range as well. I have been keeping an eye on this doji candle for the past three months now as a major price magnet. I don't know how to explain my thought process on this but I have seen this countless times and is more of a gut instinct. I have a gut feeling that price is going to target this doji and bounce.
CBOT_MINI:YM1!
by Dow_Jones_Maestro
SPX ... S&P 500 levels from 1877-1932, an omenThe following is a few examples of why things aren't looking good for the SPX and why it could be on its way to lower levels... First the looking back of back testing this 1877 line. further... further... further... furthering...(White line removed and replaced with Grey...so not confuse on next picture) still furthering...(Top White line is not the same as White in previous pictures*) A clear showing how what is to come is a bounce or straight crash through levels when the crack in the tech world...or what i call "The gr(AI)t short" Basically this is an idea for you to pick a color and count from 1877 to 2024 which has more touches; from there you have the best support line..kinda More detailed short term posts will come soon...just figured out how to imbed these pics/charts
SP:SPX
by CYQOTEK
Update new gold price weekly: Holding strong above $2,620.Brian greets everyone! After recording losses for two consecutive days, gold has found support near $2,600 and managed to recover early Tuesday. With investors refraining from taking large positions ahead of the New Year holiday, XAU/USD is holding onto its daily gains at around $2,620. Regarding gold price volatility, speculators might be in for another successful year if global geopolitical tensions escalate under Trump’s administration, potentially driving investors toward this time-tested safe haven. Additionally, Daan Struyven, a commodity strategist at Goldman Sachs, stated, "We expect gold prices to rise to $3,000 per ounce due to increased demand from central banks and a gradual, cyclical rise in ETF holdings, driven by the Fed's rate cuts."
OANDA:XAUUSDLong
by EA_BrianTradingFX
1
Potential bullish rise?GBP/JPY has reacted off the pivot and could rise to the 1st resistance which has been identified as a pullback resistance. Pivot: 195.87 1st Support: 194.72 1st Resistance: 198.66 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
Bold BTC/USD Long Entry: Key Support & Big Targets Ahead!Hey, traders! 🚀 Here's my long entry on BTC/USD on the 1-hour timeframe: 📊 Trade setup: - Entry: $93,421.02 - Take Profit: $101,754.97 - Stop Loss: $85,195.40 I decided to enter here because the price is holding at a key support level, backed by oversold signals on the RSI and confirmations from the VIP indicator. The Stop Loss is strategically placed below the support to manage risk, while the Take Profit targets a strong resistance level for a solid risk-reward ratio. What do you think? Would you take this trade? Let me know in the comments, and don’t forget to manage your risk wisely! 🔥📈 Disclaimer: This content is for informational and educational purposes only and does not constitute financial advice. Trading involves significant risk, and you should only trade with money you can afford to lose. Always do your own research and consult with a licensed financial advisor before making any investment decisions. 🚨📊
BINANCE:BTCUSDLong
by MetalsMine
Gold Price Action Analysis: Key Levels and Trade SetupsFXOPEN:XAUUSD Gold Price Action Analysis: Key Levels and Trade Setups Analysis: Price Action Strategy: Support and Resistance Levels: Key support levels: 2,536.664, 2,582.264, 2,601.810 Key resistance levels: 2,642.252, 2,670.000, 2,721.410 Fibonacci Retracement Levels: 0.382 at 2659.51836 0.5 at 2640.4 0.618 at 2621.28164 0.705 at 2607.1859 0.786 at 2594.06228 Volume Profile: High volume node around 2,642.252 indicating strong resistance. Low volume node around 2,601.810 indicating potential support. Smart Money Concepts (SMC): Break of Structure (BOS): BOS observed around 2,536.664 indicating a potential bullish reversal. Change of Character (ChOCH): ChOCH observed around 2,601.810 indicating a shift in market sentiment. ICT Strategy: Order Blocks: Bullish order block around 2,536.664 Bearish order block around 2,642.252 Fair Value Gaps: Fair value gap observed between 2,601.810 and 2,621.348 Indicators: Relative Strength Index (RSI): RSI is around 51.36, indicating a neutral market condition. Moving Average Convergence Divergence (MACD): MACD is slightly bearish with a histogram value of -0.061. VIP Signal: Buy Signal: entry: 2601.810 tp1: 2642.252 tp2: 2670.000 sl: 2582.264 Sell Signal: entry: 2642.252 tp1: 2601.810 tp2: 2582.264 sl: 2670.000 Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions. I hope this analysis helps with your trading decisions! If you have more charts to analyze or need further insights, feel free to share. Follow @Alexgoldhunter for more strategic ideas and minds
TVC:GOLD
by Alexgoldhunter