Get started

Technical Analysis

Gold waiting for new waves: The opportunity to grow this weekHello everyone, What are your thoughts on gold prices? Let’s discuss and strategize together today! Looking back at last week, despite facing strong profit-taking pressure after reaching a new record high, gold demonstrated its resilience and ended the week around $30 higher than the previous week’s close. As of early Monday, it is trading near 2733 and performing well within an upward channel on the 1-hour chart. Key factors impacting gold this week: Gold prices are expected to experience significant volatility this week as the market anticipates several crucial data releases, including the U.S. jobs report on Friday morning. Currently, economists predict 140,000 new jobs for September, a notable decrease from August’s 254,000. Investors are also watching for Q3 growth data, pending home sales, the Bank of Japan's monetary policy decision, core PCE index, personal income and spending for September, and weekly jobless claims. These data points will provide investors with more clues about the Federal Reserve’s future monetary policy direction, which could impact gold’s trajectory. Outlook for XAUUSD: On the 1-hour chart, as Ben mentioned earlier, XAUUSD currently has strong support around the 2725 level. A break below this level could lead to a significant price drop, while maintaining it would support further gains. Upon close observation, it’s evident that the pair is gaining upward momentum from the trendline, and a recently opened gap has bolstered buying sentiment. If the upward momentum continues, the next resistance targets for XAUUSD are 2747 and 2758.
OANDA:XAUUSDLong
by Bentradegold
Watch Me Make $600,642 Backtesting in 20 MinutesMastering Backtesting with TradingView's Replay Feature: Your Target Practice for Trading Success In the world of trading, practice makes perfect, and one of the best ways to hone your skills is through backtesting. TradingView’s replay feature serves as an invaluable tool for traders looking to test strategies, refine their skills, and improve their overall performance. Think of it as target practice—a way to simulate real market conditions without the pressure of live trading. This article will delve into how to effectively use the replay feature, challenge yourself, and why practice is essential for every trader. The Power of Backtesting Backtesting is the process of testing a trading strategy on historical data to determine its viability. It’s like a dress rehearsal for traders, allowing you to assess how a strategy would have performed in different market conditions. With TradingView’s replay feature, you can step back in time and play out the price movements of any market you choose. Using TradingView's Replay Feature Setting Up the Replay Feature: Open TradingView and select the asset you want to backtest. On the chart, locate the “Replay” button in the toolbar (usually represented by a play icon). Click the button and select the date from which you want to start your replay. You can drag the slider to move through the historical data at your own pace. Simulating Live Trading Conditions: As the replay plays out, you can apply your trading strategy just as you would in real-time. Take note of price action, support and resistance levels, and your entry and exit points. Use this opportunity to test different indicators and strategies, adjusting parameters as you see fit. Documenting Your Trades: Keep a journal of your trades during the replay. Note what worked, what didn’t, and any adjustments you made. This reflection is crucial for developing your trading skills. Target Practice: Challenging Yourself To truly benefit from backtesting with the replay feature, consider implementing challenges that simulate the pressure of live trading. Here are some ways to push yourself: 1. Risk Management Challenges: Decide on a specific risk amount for each trade—say $1,000. After reaching a target profit, like $15,000, challenge yourself to avoid losing a predetermined amount, such as $2,500. This mimics real-life scenarios where maintaining profits can be just as challenging as making them. It forces you to practice discipline and stick to your risk management rules. 2. Trade Frequency Goals: Set a target for the number of trades you want to execute during the replay. For example, aim to make 10 trades in a single session. This encourages you to be decisive and consistent with your strategy. 3. Time Constraints: Limit yourself to a specific time frame when executing trades. For instance, challenge yourself to make all trades within a 30-minute window during the replay. This helps you practice decision-making under pressure, enhancing your ability to react quickly in real-market situations. The Importance of Practice for Traders As traders, we must remember that consistent practice is key to mastery. The replay feature allows you to simulate different scenarios without the risk of real money, giving you the freedom to learn from your mistakes. Here’s why practice is crucial: Building Confidence: The more you practice your strategy in a controlled environment, the more confident you’ll become in your abilities. This confidence translates into more decisive actions when trading live. Identifying Strengths and Weaknesses: Regularly backtesting enables you to pinpoint areas where your strategy excels and where it falters. This awareness allows you to adapt and evolve your approach over time. Understanding Market Dynamics: Each market behaves differently. By practicing across various assets and timeframes, you’ll develop a deeper understanding of market dynamics, helping you make better-informed decisions. TradingView’s replay feature is a powerful tool for backtesting and honing your trading strategies. By treating this process as target practice, you can simulate real trading scenarios, test your strategies, and build the skills necessary for successful trading. Don’t shy away from challenging yourself with risk management goals, trade frequency targets, and time constraints. Remember, consistent practice is the pathway to mastery, and with the right tools and mindset, you can elevate your trading game to new heights. So dive into that replay feature, test your strategies, and watch your trading skills flourish!
FX:XAGUSDEducation
by TLTurnerTV
Chipotle (CMG): Awaiting strong correction in bearish waveAfter the recent 50-1 stock split, we revisited Chipotle's chart, refining our analysis for a clearer picture. With the adjusted setup, we’re more confident in our outlook for a potential bearish correction. Our initial turn-around zone was spot-on when factoring in the split, and we remain committed to our analysis. Today, NYSE:CMG reached the targeted Wave B area at the 61.8%-78.6% Fibonacci level. Immediate reactions are often rare, but we believe a reversal could materialize soon. We’re eyeing the range between $43-$26, near the trendline, as a potential target zone for the next phase in this corrective wave pattern. In the second quarter, Chipotle posted an 18.2% year-over-year revenue growth, boosted by an 11.1% rise in comparable restaurant sales and over 8% transaction growth. The earnings report tomorrow will likely attract more investor attention, but our approach focuses on technical entries at key levels rather than earnings reactions. We have alerts set and are prepared to buy when the scenario aligns. Until then, patience and disciplined timing will guide our approach.
NYSE:CMGShort
by freeguy_by_wmc
Ford (F): Eyeing Earnings for Potential Resistance FlipFord is set to release its earnings report in a few hours, and analysts generally anticipate that results will meet or slightly exceed consensus expectations. Currently, Ford is trading around a significant resistance level, and a breakout above this level could mark an important shift, opening the door for further gains. Our outlook remains bullish, with expectations that Ford will fill the large gap visible on the chart in the coming months. Recent analyst targets align with our view, with ratings from Barclays, Goldman Sachs, and Morgan Stanley averaging around $13 for Ford stock. This target range corresponds well with our technical analysis, reinforcing our approach to Ford. However, we’re holding off on any immediate action until after the earnings report to avoid an unpredictable reaction. We’ll be monitoring the market’s response closely, avoiding impulsive moves, as the true direction often becomes clearer after the initial post-earnings volatility. Until then, patience remains crucial—trade the plan, stay disciplined, and seize the opportunity when it aligns with our setup.
NYSE:FLong
by freeguy_by_wmc
2
STX Consolidation and Potential Rally AheadMarket Overview: STX has been consolidating within a range established since June, currently testing potential resistance in the October 25th bearish gap ($1.701–$1.768). Bulls are showing strength in this zone, hinting at the possibility of a rally, especially if traders begin "selling the news" following an upcoming release. Key Levels to Watch: Resistance Targets: First target: Stops above the October 24th swing high at $1.842. Next resistance: $1.884 (October 20th level). Further resistance around relatively equal highs at $1.962, $2.000, and $2.074. Support Levels: Initial support: $1.652 (last week's candle tail midpoint). If bearish pressure continues, further support may be tested near $1.560 and $1.530. Potential profit-taking could occur around September 16th's swing low at $1.470. Outlook: A sustained bullish momentum could propel STX towards the upper resistance targets, supporting a continued rally. Conversely, if bearish sentiment prevails, the price may test lower support levels, indicating a need for caution among traders. #STX #CryptoMarket #Consolidation #BullishPotential #TechnicalAnalysis
by Richtv_official
SWING IDEA - DLFDLF , a major player in the real estate sector, is showing promising technical signals for a swing trade. Reasons are listed below : Break of Flag and Pole Pattern : The stock has broken out of a flag and pole pattern, a continuation pattern indicating the potential for further upside in the ongoing trend. 800 Zone as a Strong Support : The 800 level has proven to be a solid support zone. The price is currently bouncing back from this level, suggesting that buyers are stepping in to support the price. Bullish Engulfing Candle on Weekly Timeframe : The formation of a bullish engulfing candle on the weekly chart indicates strong buying pressure, which often leads to a continuation of the upward trend. Trading Above 50 and 200 EMA : DLF is trading above both the 50-day and 200-day exponential moving averages, reinforcing the bullish sentiment and indicating strong support at these levels. Intact Uptrend : The overall trend remains intact, suggesting that the stock is in a strong upward trajectory with the potential for further gains. Target - 967 // 1030 Stoploss - weekly close below 795 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:DLFLong
by Visionary_Growth_Insights
SWING IDEA - RADICO KHAITANRadico Khaitan , one of India's leading liquor manufacturers, presents a potential swing trade opportunity based on strong technical signals. Reasons are listed below: Break of Ascending Triangle Pattern : The stock has broken out of an ascending triangle pattern, indicating strong bullish momentum and a potential continuation of the uptrend. Bullish Engulfing Candle on Weekly Timeframe : The formation of a bullish engulfing candle on the weekly chart signifies a strong reversal signal, reinforcing the stock's upward movement. Trading Above 50 and 200 EMA : Radico Khaitan is trading comfortably above both the 50-day and 200-day exponential moving averages, further confirming the strength of the current uptrend. All-Time High Daily Close : The stock recently closed at an all-time high, indicating strong market confidence and potential for further gains. Target - 2160 // 2400 Stoploss - daily close below 1625 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:RADICOLong
by Visionary_Growth_Insights
SWING IDEA - ANAND RATHI WEALTH LTDAnand Rathi Wealth Ltd , a leading wealth management company in India offering financial advisory services, is presenting a potential swing trading opportunity. Reasons are listed below: 4300 Zone Breakout : The 4300 level has been tested multiple times, and the stock is now breaking out, suggesting renewed buying interest. Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing pattern has formed on the daily chart, indicating strong upward momentum. Breaking Consolidation Zone of 6 Months : The stock is breaking out of a long consolidation phase, which could lead to a new bullish trend. Trading Above 50 and 200 EMA : The price is trading above both the 50 and 200-day exponential moving averages, reinforcing the bullish outlook. Volume Spike : An increase in trading volumes supports the strength of the breakout, indicating robust market participation. Target - 4850 Stoploss - daily close below 3990 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:ANANDRATHILong
by Visionary_Growth_Insights
Is Tesla Finally Finishing A Bullish Triangle Pattern?Tesla has been trading sideways since 2021, which we see it as a consolidation within bullish trend, ideally as a larger bullish triangle pattern in wave IV that can send the price higher for wave V Tesla is now breaking important 270 area after recent strong earnings. Considering it's breaking above upper triangle line, then bullish ABCDE triangle in wave IV can finally be completed. Is Wave V now underway back to all-time highs? A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E. The triangle is a region of horizontal price movement, a consolidation of a prior move, and it is composed of “threes.” That means each of the A-B-C-D-E waves have three subwaves. The triangle pattern is generally categorized as a continuation pattern, meaning that after the pattern completes, it’s assumed that the price will continue in the trend direction it was moving before the pattern appeared. However, triangles also indicate that the final leg is coming before a reversal and that’s why triangles are labeled in wave B, wave X or wave 4.
NASDAQ:TSLALong
by ew-forecast
1
XAUUSD: Breakout or Deep Correction?On the 4-hour chart, XAUUSD is on a strong upward journey but now faces a key resistance zone at 2,758.158. This is a major barrier; if breached, gold could continue its breakout. However, if it fails to conquer this level, the price may correct down to the support zone at 2,717.700, where the EMA 34 stands firm like a “fortress” safeguarding the uptrend. Optimal strategy for traders: look for a long position if the price rebounds from support, or short if resistance holds strong. Each price swing is a chance for explosive gains, and your decision is the key to unlocking profits!
OANDA:XAUUSDLong
by Zola_Hello
SasanSeifi| NZD/USD,4-Hour Hey there, ✌ In the short-term 4-hour timeframe, we’ve observed a bearish trend starting from the 0.63700 price range. The recent breakdown below the 0.62500 level has pushed the price down to the 0.62000 zone, showing some corrective movement. Currently, the price is trading around 0.62000.my short-term outlook leans toward further downside towards targets at 0.61700 and the demand zone below. However, if we see signs of weakening momentum around 0.62000, there is a possibility that the market could enter a ranging phase. In such a scenario, potential pullbacks could bring the price up to levels of 0.62350, 0.62500, and 0.62750 as a corrective move before resuming the bearish trend. To better understand the market's direction, it’s crucial to monitor price reactions in these zones. Alternative Scenario: Price Correction Another scenario to consider is continued price correction. In this case, we expect the price to make a corrective move towards our targets. If the market enters a range and confirms the price action, we could then see positive fluctuations from the specified targets and the demand zone. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Short
by SasanSeifi
2
Gold Triangle Breakout! Targeting the Key Pink ZoneGold is forming a triangle pattern on the 1-hour chart, and I’m watching closely for a breakout! 📈 If the price breaks out of the triangle with confirmation, I'll be looking to go long, aiming for the next pink zone as the target 🎯. Strategy: Enter on confirmed breakout, hold until we approach the pink zone, then reduce my position as it may attract sellers. I’ll update here if anything changes! What’s your take on this trade? Let me know below! 👇
CAPITALCOM:GOLDLong
by rebenga93
GBP/USD Today: Short Term Trend ForecastHello dear friends, a new week has come, wish you lots of energy! Currently, the GBP/USD exchange rate is fluctuating around 1.2965 and performing well in the downward price channel on the 1-hour chart. The main reason is that the market is witnessing economic stability in both the UK and the US, as retail sales in both countries exceeded expectations, indicating quite strong consumer spending. In addition, inflation in the UK has dropped to 1.7%, below the Bank of England's target, increasing the possibility of a rate cut in the near future, directly affecting this currency pair. Wishing you successful trading and good luck in the market!
Short
by Bentradegold
1
EURUSD: Should I Buy?Hello everyone! Overall, EUR/USD is slightly down for the second day in a row, trading around 1.0780 on Monday morning. Looking at the daily chart, you can see that the pair is testing the upper boundary to return to the descending channel pattern. This could reinforce the bearish bias for the pair. However, there are signs of a potential bottom forming at 1.0760. Furthermore, using the Fibonacci retracement of the first wave, if the rally continues, the next recovery points for EURUSD would be 0.382 (price level 1.085) - 0.618 (price level 1.093) - 0.5 (price level 1.098).
Long
by Bentradegold
I'll Long AUDUSD If This HappensI've been following AUDUSD closely, and since February 2021, we've been in an extended downtrend on the monthly timeframe. However, for the first time, we saw a break of structure (BoS), as the September monthly candle managed to break and close above the previous monthly LH. This break of structure is notable, as it could indicate a potential shift in the long-term trend. Though the impulsive move that resulted in September's break of structure wasn’t the strongest, likely due to price respecting the month-long trendline, it'll be interesting to see if buyers can defend price so that the current monthly HL isn’t taken out by sellers. While we’re seeing a large sell candle in October, buyers can still be considered in control as long as the monthly HL remains unbroken. Let’s move to the weekly timeframe to see if any interesting price data emerges there. On the weekly timeframe, as seen in the chart above, the previous weekly HL has been broken meaning sellers are gaining control over the buyers as they were able to break and close below the previous low. Not a single rejection. But does this mean we should all scream sell and short the life out of AUDUSD? Well, our business is not to be on the sell or buy team, our concern should be to make money regardless of the market trend. To do that, we need to look for patterns that suggest the probability of one outcome over another. That’s exactly why we’re doing this top-down analysis. So far, from the monthly timeframe down to the weekly, nothing has clearly indicated where we should buy or sell, even though we’re seeing strong red impulsive candles. Next, let's check the daily. Now, take a look at that pattern on the daily timeframe. What pattern is that? A bird pattern? Or maybe a plane pattern. (I'm Joe King.) It’s actually a falling wedge, a reversal pattern. But does that mean we should start buying AUDUSD? Not yet. It means we should start watching for a change in structure, perhaps on the 4-hour timeframe. Only then should we look out for our entries. Still no trading decision, so let’s check the 4-hour next. Please stay with me. Still no trading decision on the 4-hourly, but there’s a plan. If price can impulsively break the 4-hourly LH at 0.66611 and stays above, then I’ll be looking for a buy on a pullback, probably on the 1-hour timeframe, where I typically look for entries. But… what happens if price continues to trend down? Since I trade based on structure, I’ll be watching for price to pull back after breaking and trading decisively below the weekly HL at 0.66220 . One key lesson I’ve learned in my trading journey is that it’s not just about price breaking a zone; it’s about how it breaks it. From the weekly, we saw price break the weekly HL at 0.66220 . But as we scale down to the daily and 4-hourly, the pattern behind this break hints at a possible reversal. What are your thoughts on AUDUSD this week? Please share in the comment. My trading rule is simple, don't take position based on what you anticipate price will do, take position only when price does what you anticipate and presents you a point of entry.
Long
by youngbossy
DreamAnalysis | STXUSDT layer-2 blockchain for Bitcoin👋 Welcome back to DreamAnalysis! Today, we're diving into STX (Stacks), a unique layer-2 blockchain for Bitcoin, and analyzing its potential. 🔗 What is Stacks (STX)? Stacks (STX) is a layer-2 blockchain designed specifically to add smart contracts and decentralized applications (DApps) to the Bitcoin network. Smart contracts on Stacks run without altering Bitcoin's core structure, leveraging Bitcoin's security. The STX token is used for transactions and rewarding miners on the Stacks network. 📆 Weekly Analysis of STXUSDT: In the weekly timeframe, STX shows a more bullish trend compared to many altcoins, which are sitting near their main support levels, while STX remains above these crucial levels. A rising trendline on the weekly chart indicates that breaking and closing below 1.305 could lead to a decline toward 0.742. If that support breaks, consider temporarily exiting this coin in spot trades. For re-entry, triggers at 1.987 and 2.444 offer good buying points to hold this Bitcoin layer-2 solution in a bull run. Increasing volume would strengthen this setup. Weekly STX Chart 📉 Daily Analysis of STXUSDT: In the daily timeframe, STX is consolidating within the 1.65 to 1.987 range, and specific triggers are in place for the next move. The weekly trendline also remains relevant here, and breaking below 1.65 could result in a drop toward the lower support level within a larger box range. 📊 4-Hour Analysis of STXUSDT: Market sentiment has shifted recently due to geopolitical events, including the Israel-Iran conflict, which has impacted many altcoins, causing widespread selling. 📈 Long Position: wait for the trendline break and trigger confirmation at 1.82, considering higher timeframe bullishness. 📉 Short Position: rejection from the trendline and breaking the significant 4-hour support at 1.649 could provide a favorable setup to enter short and follow the downtrend. 4-Hour STX Chart 💬 This wraps up today’s analysis. If you found this helpful, feel free to share it with friends, and drop a comment with any other pairs or coins you’d like us to analyze! 📌 Disclaimer: These analyses are based on chart patterns, not strict rules. Technical analysis is an art, and these insights are not financial advice.
Long
by DreamAnalysis