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💥🔥 gold triple top Bearish) Pattern) 1D tame frame)⏰⏰Hello traders what do you think about gold? traders gold now see a triple Top (Bearish pattern channels In trading.a triple top pattern is a bearish chart pattern that indicates a potential trend 📉 reversel from an uptrend to a downtrend lt is characterized by Three conservative peaks (or highs) that are approximately equal; following by a price breakdown below a support levels. Key levels 2000) Key levels 1965) Key levels 1933)
FOREXCOM:XAUUSDShort
by SMC-Trading-Point
2
BITCOIN MOVE UP OR DOWN? WHAT'S NEXTThe recent market dynamics have witnessed a shift in momentum, with a notable surge in strength last week, propelling prices to reach 44,696. Subsequently, a new short-term trend has emerged, indicated by the green chart. Despite multiple attempts, the market has been unable to breach its resistance, suggesting a prevailing bearish sentiment. According to the green chart pattern, the market is currently on a downward trajectory, heading towards 41,600 and further down to 40,500 at Target 01. This trend is expected to persist, with the subsequent target, Target 02, lying in the range of 39,000 to 38,500 . On the Flipside, there is a potential development of a new pattern, highlighted in grey. If this grey pattern manages to break the resistance of the existing green pattern, a reversal could occur, leading to an upward movement after retracement from the buying zone. It is essential to closely monitor the market for any signs of a breakout or a shift in the established patterns.
Short
by sheikhhamza306
1
RECOGNISING CHART FORMATION 🧠Hello Traders! In this post, I want to present how important is to recognize chart formation, set up correctly resistance levels, and find a good position to execute the trade. For better practice, I will recommend analyzing the history of any chart and trying to search for resistance levels, order blocks, and breakout points, and anticipate a good position for trade execution. This exercise will help us to have better visibility of the chart and will help us to anticipate future movements. Keep in touch! Follow me for more trade ideas and perspectives! www.tradingview.com
by GoodTradeST
2
Adobe: Downhill! ⛷️The ADBE price has been dropping since yesterday. Our primary expectation is that this is merely the beginning of a larger descent, as we now consider the white wave (b) to be completed and locate the price in the same-colored wave (c). This wave should now fall below the resistance at $506.92 and only come to an end around $380. However, there is an alternative to consider, to which we assign a probability of 30%. This option would shift the high of the white wave alt.(b) slightly higher.
NASDAQ:ADBEShort
by MarketIntel
USDJPY Trendline Break Re-TestHi Traders! USDJPY is on a pullback and re-testing the trendline break, which opens up opportunities for short entries on the market's pullbacks. Here are the details: The market recently broke both the support trendline and the descending channel. Our plan is to sell rallies by looking for an entry near the 20 EMA and a target exit near the monthly low. Preferred Direction: Sell Entry Level: 146.750 Stop Level: 148.598 Target Level: 142.862 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
2
SPX Trading Plan & ProjectionHi Traders! SPX looks to have confirmed the support test. There is a long opportunity near the support level of 4541.25 for a potential break above the five-month resistance at 4607.07. Here are the details: The market has comfortably held above the 4541.25 level for more than a week. Preferred Direction: Buy Entry Level: 4554.73 Stop Level: 4498.97 Target Level: 4667.55 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
SP:SPXLong
by BluetonaFX
AUDUSD Breakout Opportunity Hi Traders! AUDUSD is in a descending triangle, and there is a possibility of a break below the trendline support. Here are the details: The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline and exit at 0.64924. Preferred Direction: Sell Entry Level: 0.65614 Stop Level: 0.65959 Target Level: 0.64924 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
2
US500 ~ Ho Ho Santa Rally or EOY Bah Humbug Bust? (4H)CAPITALCOM:US500 chart mapping/analysis. S&P 500 holding in choppy consolidation after November ripper rally. Trading scenarios into EOY: Bullish reaction to macro economic news = break above ~4610 trading range (yellow dashed) towards ascending trend-line (green) / red box confluence zone. Bullish extension target(s) = re-test ~4820 previous/historical ATH. Bearish reaction to macro economic news = break below ~4524 trading range (yellow dashed) towards ~4450 / 200SMA dynamic support confluence zone. Bearish extension target(s) = Golden Pocket / descending trend-line (white dotted) confluence zone aka "Return to Scene of Crime".
CAPITALCOM:US500
by BlueHatInvestor
US100 ~ Ho Ho Santa Rally or EOY Bah Humbug Bust? (4H)CAPITALCOM:US100 chart mapping/analysis. Nasdaq 100 consolidating into key macro economic news, much like S&P 500. Trading scenarios into EOY: Bullish reaction to macro economic news = break above ~16167 trading range (yellow dashed) towards ascending trend-line (green) / red box confluence zone. Bullish extension target(s) = new historical highs surpassing ~16770 November 2021 high. Bearish reaction to macro economic news = break below ~15690 trading range (yellow dashed) + descending trend-line (light blue) towards 78.6% Fib / 200SMA dynamic support confluence zone. Bearish extension target(s) = descending trend-line (white dotted) / ascending trend-line (green) / Golden Pocket confluence zone.
CAPITALCOM:US100
by BlueHatInvestor
AU200 ~ Commodities or Follow US Markets? ASX Wants Both! (2H)CAPITALCOM:AU200 chart mapping/analysis. ASX grinding higher into EOY, benefitting from relative strength in global commodities & precious metals. Trading scenarios into EOY: Continued commodity strength + US bullish momentum = rally into 23.6% Fib / ascending trend-line (light blue dotted) confluence zone. Rally would coincide with re-test of bearish breakdown from pennant pattern. Commodity weakness + US market capitulation = re-test of 38.2% Fib, into horizontal line (yellow dashed) / 200SMA / lower range of ascending parallel channel (green dashed) uber confluence zone.
CAPITALCOM:AU200
by BlueHatInvestor
US10Y ~ Bullish Downtrend Reversal (2H)TVC:US10Y chart mapping/analysis. US10yr bond yields finding bullish reversal off lower range of descending parallel channel (white) - further momentum pending upcoming 10yr auction + US economic data. Trading scenarios into EOY: Bullish reaction to macro economic news = continued momentum to break above descending trend-line (white dashed) towards 38.2% resistance zone. Bullish extension target(s) = re-test upper range of descending parallel channel (white). Bearish reaction to macro economic news = reversal back below 50% Fib / 4.10% psychological support level / lower range of descending parallel channel (white) / ascending trend-line (green dotted) confluence zone. Bearish extension target(s) = Golden Pocket zone / 4% psychological support level / 78.6% Fib.
TVC:US10YLong
by BlueHatInvestor
DXY/USD ~ Bullish Reversal / Inverse H&S (1H)TVC:DXY chart mapping/analysis. Bullish inverse H&S identified on lower timeframe charts, pending breakout confirmation. Trading scenarios into EOY: Inverse H&S breakout = extrapolated move into 23.6% Fib / ~106 horizontal line (yellow dashed) / upper range of descending parallel channel (light blue) confluence zone. Breakout failure = re-test 50% Fib aka "Right Shoulder". Further bearish capitulation = re-test lower range of ascending parallel channel (white) / Golden Pocket confluence zone. Major macro economic news this week = higher probability of implied volatile swings in either direction.
TVC:DXY
by BlueHatInvestor
AUDUSD ~ Risk Off Sentiment: Stuck In Limbo into EOY (2H)FX_IDC:AUDUSD chart mapping/analysis. Aussie Dollarydoos struggling to regain bullish momentum after early December peak. Trading scenarios into EOY: Preliminary trading range = ~66.20 to ~65.25. Break above ~66.20 = regain bullish momentum. Bullish target(s) = re-test descending trend-line (white dotted) / upper range of ascending parallel channel (green). Break below ~65.25 = extend bearish capitulation. Bearish target(s) = 61.8% Fib / lower range of ascending parallel channel (green) confluence zone. 200SMA also acting as dynamic resistance, reinforcing bearish rollover. Major macro economic news this week = higher probability of implied volatile swings in either direction.
by BlueHatInvestor
US Oil ~ Macro Headwinds > Market Intervention (1H)TVC:USOIL chart mapping/analysis. Crude Oil reversing all gains manufactured by OPEC+ production cuts & Middle-East conflict premiums, while threatening to further capitulate due to growing macro headwinds leading into 2024.. Trading scenarios into EOY: Bullish resurgence = rally above horizontal resistance line (yellow dashed) into 23.6% Fib & upper range of descending parallel channel (white) / re-test ascending trend-lines (green dotted) confluence zone. Bearish continuation = break below previous low (~68.80) towards ~67 horizontal line (yellow dashed) / descending trend-line (light blue / lower range of descending parallel channel (white) confluence zone. Neutral scenario = further sideways chop until next OPEC+ catalyst / key macro economic development.
TVC:USOILShort
by BlueHatInvestor
Gold/XAUUSD ~ Blow-off Top Keeps On...Blowing? (2H)TVC:GOLD chart mapping/analysis. Gold's massive (algo-triggered) blow-off top killed the bullish momentum - pending further selling pressure if DXY/bond yields decide to rally into end of the year.. Trading scenarios into EOY: Selling pressure towards 50% Fib initial support zone. Bearish EOY capitulation target = Golden Pocket support zone. Expect any bullish reversal to be met with sellers, pending underlying relative strength in DXY/bond yields. 38.2% Fib / 200SMA confluence zone as potential target for short positioning, TBC.
TVC:GOLDShort
by BlueHatInvestor
1
US10Y vs. SPX ~ Inverse Correlation/Ratio Indicator (Dec 2023)TVC:US10Y versus SP:SPX inverse correlation analysis. Work in progress indicator for anticipating market trend switches. Notes: Emerging correlation identified within US10Y/SPX ratio. Spikes in ratio (orange vertical line, dotted) aka bond yield ROC/volatility = higher probability of risk-off sentiment (ie big tech & growth stock rotation). Correlation only valid when market is "hyper-sensitive" to bond market fluctuations, especially during recent US Fed undertaking rate hike cycle. Should be used in conjunction with other confluence factors to provide conviction in swing/position trades.
TVC:US10Y
by BlueHatInvestor
Copper ~ Help Me Obi-China, You're My Only Hope (2H)CAPITALCOM:COPPER chart mapping/analysis. Copper - off its October lows, yet still contending with global macro headwinds & China's difficulty in shaking off its deflationary economic funk.. Trading scenarios into EOY: Prelim trading range = ~3.93 - ~3.73. Under bearish pressure from 38.2% Fib rejections. Bullish reaction to China/macro economic news = bounce off lower range of parallel channel (green) + 200SMA confluence support / break above 38.2% Fib / break above ~3.93 upper trading range. Bullish extension target(s) = 50% Fib / upper range of parallel channel (green) confluence zone. Bearish reaction to China/macro economic news = break below ~3.73 lower trading range / lower range of parallel channel (green) / break underneath 200SMA, becoming dynamic resistance. Bearish extension target(s) = 23.6% Fib / lower range of descending parallel channel (light blue).
CAPITALCOM:COPPER
by BlueHatInvestor