Pakistan State Oil (PSO) appears to be shifting its market structure after a prolonged correction. The most notable signal is that no new lower low was formed, and the previous lower high has been decisively broken, indicating a potential trend reversal. This breakout is backed by a significant rise in volume, suggesting that smart money might be entering the stock. Additionally, RSI has crossed above 60, which reflects growing bullish momentum. Based on this setup, a trade plan could involve a first buy zone around 382–385 (breakout confirmation) and a second buy zone at 360–363 (in case of a pullback). A stop loss below 338 keeps risk defined, while targets at 409 and 445 provide a favorable risk-reward ratio. All key indicators—market structure, volume, and momentum—are aligning to support a potential upward move in PSO. Keep this on your radar, as this could be the beginning of a strong bullish cycle.
? BME:RED Market Update – Higher High & Key Resistance Test ? BME:RED has made a new Higher High (HH) and is now pulling back. ? Current Scenario: If price breaks the black resistance line, the next targets are at the blue line levels. Price could return to the HH level, but the gap is located even higher, indicating potential further upside if momentum continues. The gap area represents a previous strong selling zone, so traders should remain cautious when price approaches this level. ? Watch for breakout confirmation before targeting higher levels, and manage risk near resistance zones.
We don’t have a bearish iCH on the chart yet for the substructure to turn bearish, but the price has reached a strong supply zone. Additionally, the lows of recent candles have all been lower than the previous ones, suggesting a potential move to the downside. Targets are marked on the chart. A 4-hour candle closing above the invalidation level will invalidate this analysis. Do not enter the position without capital management and stop setting Comment if you have any questions thank you
We got an irrelevant daily close . Tomorrow, we have PPI data. NQ will behave in the same manner of CPI: 1- Overshoot: NQ down; 2- Inline or Undershoot: A bounce and down (zigzag). What I want to highlight is that the current area 19100-19600 seems to become ST/MT Support or Resistance. Hence price might continue to be around it until the end of the week and the next few days. When price will break it, it will give the sign of next direction. To this end, what do we have: 1- Recession, inflation and tariffs are all negative factors. NQ should continue down; 2- FED next week: free money; rate cut. These are positive factors. NQ downtrend ends and we move back up. 3- Tax cut and deregulation are also positive factors. So as you can see, we have many opposite forces happening or markets expect them to happen. Any delay of the positive factors, markets will move down to make pressure. Have a good evening/night!
s&p may be possible for the long entry wait let's see will be next
TIA Looking Good To Short Failed Break Down Of Raising Wedge Not Looking Good Potential For Breaking Out But It's With Less Risk Play Simple And Profitable
?Gold has been consolidating for more than a week, trading within a broad horizontal range on the 4-hour chart. Following today's release of US fundamentals, the market is showing bullish momentum. A breakout above the range's resistance indicates that the accumulation phase may be complete, opening the door for further upside potential. The next target to watch is the 2950 resistance level.
"*EUR/USD Short Opportunity on 30m Chart* A bearish trend continues to dominate the EUR/USD pair, with a potential short opportunity emerging on the 30m chart. The recent uptrend has shown signs of exhaustion, and selling pressure is starting to build. - *Technical Analysis:* - The Relative Strength Index (RSI) is overbought, indicating a potential pullback. - The Moving Average Convergence Divergence (MACD) is showing a bearish crossover. - The chart is forming a lower high, indicating a potential trend reversal. It's not financial advice
This is only simple set up , only using tf 15minute , already mss , and at 4h we are already testing Supply zone. 1:3r here , DYOR.
we have a long way to go before going back up , it could get ugly , we have been on a bullish trend since 2020 before covid years