I have taken the trade using Indicator (W/M - ultimate (OS)) which shows me the trend is Upward till now, and the divergence in RSI is also upwards so I have taken the trade. But then I predicted the trend using Higher Highs, Higher Lows, Lower Highs, and Lower Lows by myself and I could see the Last lower Low, but in the Indicator, this Last lower Low is not shown, I'm a bit confused that if my custom trend is not correct or the indicator is not accurate,
PEPPERSTONE:HK50 HSI:HSI Hello bello.....May everyone trade in the state of peaceful and calming mind. Hong Kong Stocks Post Five-Day Rout Hong Kong stocks ended lower on last Friday, extending the losing streak to a fifth session, as sentiment remained downbeat due to concerns over US-Sino trade tensions. The Hang Seng Index retreated 0.92%, or 176.60 points, to end the week at 19,064.29. Is the news helping? News is distraction. ? What's the magic numbers to look at for HSI for the near short-long term? Well, we are now in the pullback correction area, worth to notice and recall that in fact in 2024 the index has actually bringing the full-year with almost 18% (17.67%) gain; closed at 20059. https://www.tradingview.com/x/JurVqUIq/ Support: 18569, 18215 (from W Chart you can see this is the support level from May,Sept 2024). If this breakthrough then we will see the index at 17570 level. Resistance: 18,930, 19,700 (well there are analyst forecasting that HSI has an upside of 15% targeting to 20,3000 by end of 2025) b]4H chart - Bearish Both MACD & KDJ are indicating Bearish mode. MACD - remained at bearish zone, line still arcing. [ s]But crossing up. Good sign. KDJ - remained in bullish green zone, indicating uptrend signal. Turned bearish. Cross-checked with broader tf chart - D chart. Bearish - at Oversold zone,below 80 Both KDJ and MACD below zero level. Bearish. https://www.tradingview.com/x/ZmpLpyYi/ 1H chart the Index seems has no mood and strength to move and need quite a long rest... For day trade: Same strategy, sell at resistance; buy/TP at support. Monitor the 1H,4H movement with confirmation using MACD & KDJ indicator. Set your tf, have your entry and exit plan! Support : 18215 (if breaks then next 19070) Resistance :18650 (if breaks then 19450, then 19650) MACD - closing to touch zero line trying to breakthrough but with the red histogram it looks likely dipping down. KDJ - in bearish zone. It may be divergence signal that on the oversold area and could see a rebound. Sticktoyourplan follow your trading strategy. Trading to make pocket money isn't that challenging and it can be boring and you can make it fun and zen with it. Let's follow our own strategy and zen with ? and ? to let the results realized. It can be a winning trade or losing trade, it doesn't matter. We are aiming for long horizon; as we are not gambling or speculating. Rememeber to allocate some of your gained pocket money for long term asset investment. We should take contrarian strategy. Accumulate Hong Kong and China stock and wait for 12-24months or more to have an exponential capital gain. Time frame is important! Prepared for the rollercoaster short-term rider for these two markets. Got your trade plan ready for 2025, or are you still figuring out your moves? Think of it like prepping for a wild night out—plan your entry, know your exits, and avoid getting caught in the wrong crowd (aka bad trades). Happy Trading Everyone!
OANDA:NZDCAD wait for confirmation entry for short conculsion monthly down weakly down daily down 4hr retracement
This weeks edition of The Market Matrix. Actionable insights for Gold, Crude Oil, Nasdaq & DXY.
https://www.tradingview.com/x/r5mjeocX/ AUDUSD broke and closed below a significant weekly horizontal support cluster. The broken structure turned into a strong resistance zone. The market has a high potential to continue falling. Next support - 0.6 ❤️Please, support my work with like, thank you!❤️
Bitcoin (BTC) against with a bearish outlook. From our analysis: Resistance Zone: The price has encountered resistance near the 97K level. If BTC struggles to break above this zone, it may experience a pullback or reversal. Support Zone: The key support zone lies between 90K and 88K. A breach of this support could trigger a deeper correction. If the price fails to break through the resistance and drops below the support zone, it could confirm a bearish trend. Monitoring the price action in these critical zones will be important for further confirmation of the trend. Rate Share Your idea What's Going On Thanks
The last time this happened was in 2024 September to November. Market picked up and snagged orders. Midnight will tell. Market can fall a minimum of 5% from the orange line if it goes under the deep dark blue and try to stabilize from there. There is a lot going on though... ...inauguration, the Yellen bond market, the Fed waiting for a higher yield on debt, the budget deficit, and whatever else catastrophe-wise can rear it's ugly head between now (January 2025 to March 2025. Prepare & take care. #DebtCycle
H1 Analysis - Current Price: $2687 Gold has been climbing steadily over the past few days, and the daily (D1) bias remains bullish. My weekly analysis suggests that the market is likely to reach $2760 this week, with strong bullish momentum. For now, with the daily close at $2697, I expect a minor correction towards the H1 unmitigated order block. Notably, this order block coincides with a trendline. If prices bounce from this demand zone, there are two key levels where the market could face resistance: The first resistance is at the trendline, between $2703 and $2706. The second resistance zone is between $2710 and $2715, where we have an H4 Fair Value Gap (FVG) and an order block. At this point, a small correction could occur again. Let's observe how the price reacts to these zones and monitor the potential upward movement. Always remember to conduct your own analysis before making any trading decisions.
possible targets just based on fib tools please feel free to look over
Find the nearest support, there are two support levels there... DYOR