https://www.tradingview.com/x/ZmGhHr3x/ As I posted earlier, Gold successfully violated a significant horizontal intraday/daily horizontal resistance. Retesting the broken structure, the market continued growing. The price started to respect the boundaries of a rising wedge pattern. I believe that we can anticipate a further bullish continuation within that next week. The final destination for the buyers is 2716 resistance. With a high probability, it will be reached soon. ❤️Please, support my work with like, thank you!❤️
This analysis focuses on the EUR/USD daily chart, highlighting key levels and potential scenarios based on technical and fundamental factors. 1. Resistance: • The 1.0350 level acts as a critical resistance unless major positive Eurozone data surprises occur. A break above this could lead to a medium-term recovery. 2. Short-Term Outlook (1-2 Weeks): • Likely to test the 1.0200 support, with the potential for an extension toward 1.0150. This is driven by strong U.S. economic data and DXY (Dollar Index) momentum. 3. Medium-Term Outlook (1-3 Months): • Below 1.0150, a drop toward parity (1.0000) becomes possible, especially if the DXY rises above 110. 4. Breakout Scenarios: • Bearish: A sustained break below 1.0150 could target 1.0000. • Bullish: A move above 1.0450 may lead to a recovery toward 1.0600, particularly if the Fed signals a dovish pivot. This idea takes into account technical analysis, supported by macroeconomic fundamentals. Trade cautiously, and use clearly defined stop-loss levels to manage risk effectively.
What if we are actually trading within an ascending triangle?
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 100/61.80% Chart time frame: B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: A A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Lucid stock price has a bullish presence on the monthly and weekly chart time frame...that is all :-) 60 min chart showing price action
Amazon has formed a bull flag , consolidation pattern ahead of Q4 earnings. I'm looking at a target of $255 by mid-April. -Vince
LODE: Super Plan!!! -Swinging on range to consolidate and confirm bottom. -Inversed Head and Shoulder pattern. -Key level and demand zone support. -Confirm less supply vols at the bottom and demand vols has just joined. . Super plan with less risk and open target to .... the moon (why, the time will answer). US STOCKS- WALL STREET DREAM- LET'S THE MARKET SPEAK!
Price had broken the sideway movement support at 1.4335, and risen back to the H4 FVG area between 1.4406 - 1.4440, presenting an entry opportunity. ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
GBP/JPY Is now making a BEARISH RISING WEDGE . Showing us that price is getting ready to drop massively.. Understand why we use patterns to trade.. As humans we must understand that other humans continue to make the same mistakes and decisions over and over. This is why patterns show up on our chart showing us what traders have been doing and what's likely to happen next.. This rising wedge pattern is showing us that the traders mistakes and decisions is LIKELY TO push our market down .. remember to use proper risk management and a proper stop loss !! ENJOY THE PROFITS GBP AND JPY TRADERS!! ENTRY: 192.566 TP:180.194
I believe Apu goes crazy in 2025. How high is anyones guess, but I think it's going to surprise a lot of people. Let the most hated rally commence.