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Keylevels

Crude Oil Outlook: Key Levels Shape the Path AheadHello Traders, Trust you are doing great. Please take some moment to go through my analysis of USOIL and share your thoughts. Overview USOIL is currently trading at 70.08, with mixed trends across timeframes. On the H4 chart, the pair remains bullish, recovering from a recent correction. Meanwhile, the H1 chart shows a bearish trend in a corrective phase, with resistance emerging in the 70.19–70.90 region. Idea An impulsive rally from 67.045 on December 5th corrected to the 0.5 Fibonacci retracement level at 68.78 on December 13th, where support was established. This led to a bounce toward 70.19-70.21, which now acts as resistance. If this resistance holds, a downward move is expected, targeting 67.70 and 67.08, areas where a bullish bounce may likely occur. The short-term bias remains bearish unless price breaches the Friday high of 71.38, which would shift focus to the 71.66–72.21 zone as a potential turning point. Conclusion In the short term, the bearish outlook is dominant, with 71.38 as the key invalidation level and a stop-loss reference. A break below 69.65 would add confidence to the bearish scenario, while any move above 71.38 could signal further upside, targeting the 71.66–72.21 zone for a potential reversal. Cheers! Merry Christmas and Happy New Year in advance.
TVC:USOILShort
by Samuel124
Gold’s December Dilemma: Seasonal Rally or Further Decline?OANDA:XAUUSD Multi-Timeframe Analysis Current Price: 2650.350 Executive Summary: Gold experienced a significant drop on Monday, November 25, after reaching $2,721, driven by easing geopolitical tensions and strong resistance. The price then fell to $2,605 and has since been consolidating within a bearish flag pattern. Currently, gold is trading at $2,650, showing mixed sentiment with short-term bearish potential and long-term bullish prospects. Technical Analysis: Bearish Flag (Short-Term Bearish) The bearish flag pattern suggests potential downside, signalling a continuation of the recent correction. While it’s possible that the price could rise to the strong pivot resistance at $2,695, which aligns with the upper boundary of the falling wedge, rejection from this level could result in a breakdown from the flag pattern. Alternatively, the price may fail to reach $2,695 and break below the flag. Key Levels to Watch: First Target: $2,617 (strong pivot and support). Next Target: $2,578 (ultimate support). Gap Fill: If $2,578 breaks, the price could decline to $2,565 (filling the gap from November 18). Psychological Level: A further drop could test $2,500, which coincides with the lower boundary of the falling wedge and serves as strong structural support. Falling Wedge: (Long-Term Bullish) In the long term, the falling wedge pattern suggests a bullish reversal. We expect the price to rebound from support levels near $2,565 or $2,500, resuming its bullish cycle. Gold could potentially rally to new all-time highs (ATH) during December, driven by seasonal demand and technical breakout momentum. Seasonality: Gold historically rallies in December, driven by holiday demand, portfolio rebalancing, and year-end events. Significant price increases were observed in December 2022 and 2023, and similar trends could support bullish momentum this year, barring any unexpected bearish developments. Final Note: Gold’s short-term sentiment leans bearish, with the bearish flag pointing to potential downside. However, the falling wedge suggests a strong long-term bullish outlook. Watch for key levels like $2,695, $2,617, and $2,500 for potential opportunities. Remember to practice tight risk management. Happy trading!
OANDA:XAUUSDShort
by SpicyPips
1
Technical Breakdown, What's Next for the Pair?OANDA:USDJPY - 1 Hour Chart Current Price: 154.281 Upon analysing the 1-hour chart, we observe that the price has recently rejected a strong resistance level and is now trading below Resistance (R2) at 154.688. The RSI is currently at 31.83, which is below the neutral 50 mark, indicating weak momentum. Given the strong resistance at R2 and the weak RSI, we anticipate a potential decline towards the S1 support level at 153.125. Although there is strong support at S1, a price pullback or consolidation around this area is possible. However, due to the weak RSI and the fact that other USD-related currencies are in an extreme oversold condition, we expect the price to break through S1 and potentially test the S2 support level at 151.563. A further decline could eventually bring the price to the 150 psychological level. On the other hand, if the price manages to break above R2, we could see a move towards 156.250. Key Levels: R1: 156.250 R2: 154.688 S1: 153.125 S2: 151.563 psychological level: 150.000 Reminder for traders: Always follow your risk management rules. Ensure you’re using appropriate stop-loss levels and position sizing for your trades. Market conditions can change quickly, and staying disciplined is key to long-term success. Good luck with your trades!
Short
by SpicyPips
1
Bullish Setup or Bearish Breakdown Ahead?OANDA:GBPUSD - 1Hr Chart Price: 1.26202 After analyzing the chart, we found RSI in the extreme oversold zone on higher timeframes. Currently, the price is trading above support at 1.25732, which we anticipate as a potential bullish reversal point. However, strong resistance at R1 (1.26953) may cause consolidation and pullbacks around this level. After consolidation, we expect the price to break R1, with the next resistance target at R2 (1.28174). R2 is also a strong resistance, so price may stall and pull back here as well. A breakout above R2 would target the major resistance at 1.29395. On the other hand, if the bearish pressure persists and price breaks below support at 1.25732, a further decline could bring the price to 1.25122. Key Levels: Support: 1.25122 R1: 1.26953 R2: 1.28174 Major Resistance: 1.29395 Remember to follow your risk management for long-term success. Happy trading!
Long
by SpicyPips
1
US's Resilient Economy Attracts European InvestorsHello! Chart Explanation & Indicators EURUSD has been bearish since the weak higher high on 25 September. You find this level in the upper zone. When MACD crossed to the bearish side on 30 September, EUR started a spectacular crash into the bottom zone. EUR pierced the bottom zone and now sits on the trendline. Historically, EUR rallied from this trendline on 27 June and 02 August, as the red circles demonstrate. Rising trendlines, however, tend to break downward eventually. MACD has an active bearish cross and a definite bearish trend. Momentum is growing more hefty to the bearish side. Bears could target the white zone at $1.088 or lower. Technical Zones There are two horizontal, red rectangular zones on the chart. The upper zone and the bottom zone . The bottom zone contained support levels where the EUR could bounce on 16 August and 12 September and hit the resistances of the upper zone. However, the EUR lost the support zone. The bottom zone might have become another resistance. The price sits on a rising, red support trendline now. The next zone that might function as a support is around $1.088. Conclusion The setup suggests a short position. The price resting on a supportive trendline casts a shadow on the suggestion. The signal might be bearish, but the entry doesn't seem ideal. I'll wait for the setup to change for a new assessment or the price action to align with the setup to catch a neat entry. Thankfully to all followers, Ely
Short
by Elysian_Mind
SPX $ Key Levels | Day Trading Stats 70%+ AccuracyNew price targets for Sep 26 using Statistics and Data to drive a 70%+ historical accuracy. Topics: - Upside Target - Downside Target - Support & Resistance - High of Day - Low Of Day - Session Stats - News Release Times Overall we use stats and data pulled from a wide array of TradingView indicators and scripts so that I can have as much data as possible - even if it's unstructured or uncorrelated data. I then use AI and SOP's to systematically calculate a weekly and daily framework. My predictions are never 100% but ALL of them are mathematically proven to be 70%+ accurate historically or I wouldn't use them. Most indicators I use on my Data Dashboard chart has the stats in their associated boxes that I show during the recording if you'd like to verify yourself. Please leave me feedback as I am new to creating content and would like to improve. Personally I use these targets in combination with ICT Concepts to trade. Nothing I say is Financial Advice - Previous performance does not guarantee future success.
CME_MINI:MESZ2024
by DIY_Trades
SPX Key $ Levels | 70%+ Accuracy! | WednesdayNew price targets for Sep 25 using Statistics and Data to drive a 70%+ historical accuracy. Topics: - Today's Targets Overall we use stats and data pulled from a wide array of TradingView indicators and scripts so that I can have as much data as possible - even if it's unstructured or uncorrelated data. I then use AI and SOP's to systematically calculate a weekly and daily framework. My predictions are never 100% but ALL of them are mathematically proven to be 70%+ accurate historically or I wouldn't use them. Most indicators I use on my Data Dashboard chart has the stats in their associated boxes that I show during the recording if you'd like to verify yourself. Please leave me feedback as I am new to creating content and would like to improve. Personally I use these targets in combination with ICT Concepts to trade. Nothing I say is Financial Advice - Previous performance does not guarantee future success.
CME_MINI:MESZ2024Long
by DIY_Trades
SPX Key $ Levels | 70%+ Accuracy!New price targets for Sep 24 using Statistics and Data to drive a 70%+ historical accuracy. Topics: - Today's Targets Overall we use stats and data pulled from a wide array of TradingView indicators and scripts so that I can have as much data as possible - even if it's unstructured or uncorrelated data. I then use AI and SOP's to systematically calculate a weekly and daily framework. My predictions are never 100% but ALL of them are mathematically proven to be 70%+ accurate historically or I wouldn't use them. Most indicators I use on my Data Dashboard chart has the stats in their associated boxes that I show during the recording if you'd like to verify yourself. Please leave me feedback as I am new to creating content and would like to improve. Personally I use these targets in combination with ICT Concepts to trade. Nothing I say is Financial Advice - Previous performance does not guarantee future success.
CME_MINI:MESZ2024Short
by DIY_Trades
Psychological Levels and Round Numbers in Technical Analysis When traders analyze the key levels, quite often then neglect the psychological levels in trading. In this article, we will discuss what are the psychological levels and how to identify them . What is Psychological Level? Let's start with the definition. Psychological level is a price level on a chart that has a strong significance for the market participants due to the round numbers. By the round numbers, I imply the whole numbers that are multiples of 5, 10, 100, etc. These levels act as strong supports and resistances and the points of interest of the market participants. Take a look at 2 important psychological levels on EURGBP: 0.95 and 0.82. As the market approached these levels, we saw a strong reaction of the price to them. Why Psychological Levels Work? And here is why the psychological levels work: Research in behavioral finance has shown that individuals exhibit a tendency to anchor their judgments and decisions to round numbers. Such a decision-making can be attributed to the cognitive biases. Quite often, these levels act as reference points for the market participants for setting entry, exit points and placing stop-loss orders. Bad Psychological Levels? However, one should remember that not all price levels based on round numbers are significant. When one is looking for an important psychological level, he should take into consideration the historical price action. Here are the round number based levels that I identified on AUDUSD on a weekly time frame. After all such levels are underlined, check the historical price action and make sure that the market reacted to that at least one time in the recent past. With the circles, I highlighted the recent reaction to the underlined levels. Such ones we will keep on the chart, while others should be removed. Here are the psychological levels and proved their significance with a recent historical price action. From these levels, we will look for trading opportunities. Market Reaction to Psychological Levels Please, note that psychological levels may trigger various reactions of the market participants. For instance, a price approaching a round number may trigger feelings of greed, leading to increased selling pressure as traders seek to lock in profits. Alternatively, a breakout above/below a psychological level can trigger buying/selling activity as traders anticipate further price momentum. For that reason, it is very important to monitor the price action around such levels and look for confirmations . Learn to identify psychological levels. They are very powerful and for you, they can become a source of tremendous profits. ❤️Please, support my work with like, thank you!❤️
FOREXCOM:XAUUSDEducation
by VasilyTrader
1
Support and Resistance VS Supply and Demand. Important Lesson In the today's post, I will compare support and resistance levels with supply and demand zones. I will explain to you the difference between them and share important tips and examples. What are support and resistance levels? We also call them key levels. These are particular levels on a price chart from where in the past we saw significant bullish or bearish movements. Key support will be a one single level, that has a historical significance and from where a bullish reaction will be anticipated. The all-time low on USDCHF will be a perfect example of a key support. It is one single level that was respected one time in the past and from where a bullish reversal initiated. Key resistance will be a one single level on a price chart that has a historical significance and from where a bearish movement will be expected. The all-time high on Gold will represent a key horizontal resistance. That level was respected one time in the past and from that level exactly the market dropped heavily. What are supply and demand zones? In comparison to support and resistance levels, supply and demand zones are the areas on a price chart. The zones that are based on multiple touches and consequent strong bullish or bearish reactions. Demand zone will be the area that was tested at least 2 times in the past, and the price should strictly respect different price levels within that area. A similar reaction will be anticipated from the demand zone in the future. The yellow area above will a good example of a demand zone. You can see that the price tested that area 3 times, and each time the market respected different levels lying within that. These 3 tests compose the demand area. Supply zon e will be the area that was tested at least 2 times in the past and the price should strictly respect different price levels within that area. A similar reaction will be anticipated from the demand zone in the future. In this example, a supply area on EURUSD is based on 2 touches of key levels, lying very close to each other. On the chart above, I underlined 2 horizontal support levels - the single levels that were respected by the market multiple times, and a supply zone - the area that is based on tests of multiple levels lying close to each other. Support and resistance levels give you SINGLE levels from where you can look for trading opportunities. While supply and demand zones represent the areas. After a test of a supply and demand zone, the market may react to a RANDOM level within that. For newbie traders, it is highly recommendable to trade single key levels, while experienced traders can broaden their strategies and trade supply and demand zones as well. ❤️Please, support my work with like, thank you!❤️
COINBASE:BTCUSDEducation
by VasilyTrader
5
NQ Power Range Report with FIB Ext - 12/28/2023 SessionCME_MINI:NQH2024 - PR High: 17129.00 - PR Low: 17117.75 - NZ Spread: 25.25 Key economic calendar events 08:30 | Initial Jobless Claims 10:00 | Pending Home Sales 11:00 | Crude Oil Inventories Prev session virtually unchanged - Vol and open interest increase - Lifting weekly high Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 189.65 - Volume: 19K - Open Int: 284K - Trend Grade: Bull - From ATH: -3.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 17700 - Mid: 16391 - Short: 15819 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQH2024Long
by mv3trader5
NQ Power Range Report with FIB Ext - 12/27/2023 SessionCME_MINI:NQH2024 - PR High: 17103.00 - PR Low: 17085.00 - NZ Spread: 40.0 No significant calendar events Low vols continue - Slightly breaking prev week's highs Evening Stats (As of 12:05 AM) - Weekend Gap: N/A - Gap 10/30 +0.47% (open < 14272) - Session Open ATR: 197.87 - Volume: 14K - Open Int: 276K - Trend Grade: Bull - From ATH: -3.4% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 17700 - Mid: 16391 - Short: 15819 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
CME_MINI:NQH2024
by mv3trader5