I think it is a bir early to initiate but I also see a limited downside.
Low probability, but worth the risk. take profit at Liquidity levels
After correcting its price in the fair price range, gold will continue its movement towards the prices of 2730 and 2770.
Looks like we are flushing out Longs and trapping shorts Formation of Dives: a clear downward movement reaches a low. another dip forms, slightly lower than the first. the final dive happens, testing the same support level Volume Behavior: Volume appears to diminish with each successive dive, which aligns with the typical characteristics of this pattern. Support Level: The third dive coincides with the ascending channel's lower trendline, reinforcing the strength of this support level
After roughly 90 days of upside, ES has now hit a Fib extension resistance on a larger scale. The Ideal scenario would be a retracement of some smaller fibs at target #1, then finally a retest of big support at target #2.
Kotakbank Fut is on the verge of breaking out of inverted head & shoulder pattern on DAILY charts with decent OI addition. Risk:Reward = 1:2 Conditionally buy above 1812 with menioned stoploss & target.
GER40 1H Short Setup Trade Logic: - Setup: Short position initiated within the 1-hour Fair Value Gap (FVG) after a confirmed bearish structure and pre-market rejection. - Confluence Factors: - Fair Value Gap (FVG): Price retraces into a bearish FVG for a high-probability short entry. - Break of Structure (BOS): Confirmed bearish break supports downside continuation. - Kijun Resistance: 1H Kijun line aligns with the FVG, reinforcing dynamic resistance. - Liquidity Grab: The price action indicates a sweep of liquidity above the FVG, creating strong rejection signals. - Risk-Reward Ratio (RRR): - Stop-loss set just above the FVG zone for tight risk management. - 1:2.35 RRR as per chart, targeting liquidity zones below. - Targets: - TP1 near 20,309 , aligning with intermediate liquidity. - TP2 around 20,250 for a deeper liquidity sweep. Macro Context: - Market Sentiment: GER40 shows bearish signals with a weakening broader market sentiment. - Volume Profile: Declining buy-side volume within the FVG zone signals limited bullish interest. - Pre-Market Behavior: Rejection from the FVG aligns with pre-market bearish tendencies, further supporting the setup. Execution Plan: - Short entry within the FVG zone, managing risk with a stop-loss above the FVG. - Strict adherence to the 1:2.35 RRR with partial profit-taking at TP1 and remaining at TP2. - Monitor market conditions and invalidate if price reclaims the FVG or breaks the Kijun level. Extra Note: Keep an eye on macroeconomic triggers that could cause sudden volatility, particularly during the European session. Let me know if further adjustments are needed!
hello friends Due to the strong growth that we had, the price is in the resting phase and has hit higher ceilings and rounded from the bottom, which shows us that another rise is on the way. Now, it is worth taking a risk to enter for one step, and we have specified the second step for you. Capital management must be followed. Be successful and profitable.
Lucid going to close the gap on this pull market. Finally a promising trend.
I'm expecting a bearish continuation from this point Sell gold Short gold Analysis