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Candlestick Analysis

Gold’s Wild Ride: From Record Highs to Sudden Sell-OffsLast week was highly volatile for Gold prices. After reaching a new all-time high on Tuesday, the price dropped sharply by approximately 800 pips. However, it began recovering on Thursday and climbed back to the 2940 zone on Friday. In the final hours of trading, Gold experienced another sharp decline, closing the week exactly at the 2880 support level. These repeated sell-offs from the all-time high suggest that a deeper correction may be underway, potentially confirming a double-top pattern. If this scenario unfolds, the measured target for the drop could be around 2820. With this in mind, I will look to sell rallies against the recent 2940 all-time high. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:XAUUSDShort
by Mihai_Iacob
Gold - Fundamentals And Technicals Are Pointing To The UpsideAnother week of continuation in bullish price action and Gold managed to book new all-time highs @ $2,942 per oz. Many investors and traders are speculating the price of Gold by the end of the year could reach $3,000 but I believe our dreams may come true sooner than expected. Expect short term retracements to immediate imbalances in price action on the daily timeframe but in the grand scheme of things, It's up up and up!
OANDA:XAUUSDLong
by LegendSince
Long trade 1Hr TF Overview Buyside Trade Pair: EURGBP Date: Thursday, 13th February 2025 Time: 5:00 PM (NY Time) Session: London to NY Session PM Trade Details: Entry: 0.83237 Profit Level: 0.83538 (+0.36%) Stop Level: 0.83086 (-0.18%) Risk-Reward Ratio (RR): 1.99 This buyside trade is based on a multi-timeframe approach, aligning structure across the 1H, 4H, and daily timeframes to confirm bullish momentum. Timeframe Breakdown: 1H Timeframe: Entry confirmation based on price action signals, involving a break of structure (BOS)and or retest of a demand zone. 4H Timeframe: Provides higher timeframe context, showing a shift in market structure favouring upside movement. Daily Structure: Ensures that the trade aligns with overall market bias, avoiding counter-trend setups.
Long
by davidjulien369
EUR/USD - Are We On The Verge Of A Sustained Bull-Run?From the opening on Monday to Fridays close, Euro has been on an absolute TEAR to the upside with little to no manipulated spikes to the downside confirming this weeks bullish bias with flying colours. Originally, the first point of interest was the 1.04542 - 1.04444 daily inverted SIBI but as we saw aggression when trading through it, 1.05368 is the next bullish draw. We have yet to reach buyside liquidity yet but we have attacked the consequent encroachment of the last up close candle wick @ 1.05127 in which we saw a rejection. Bullish projection this week has been superb! Looking out for a continuation to the upside, closing 1.25127 and a rally up to 1.05368. Longer term bullish draw up to 1.06826 - 1.06098 is still in play but I want to see how the delivery above 1.05368 plays a role in the possible continuation of bullish price action.
Long
by LegendSince
Dow Jones (March Contract) - I Am Sceptical About All-Time HighsUnlike Nasdaq and S&P 500 where their PD arrays was discounted, Dow Jones is showing a different story. 45000 is a stanch psychological resistance level for a number of reasons. For one, a weekly liquidity void in the past aligns with a prior daily SIBI (which price redelivered into and rebalanced 100% of the range) and another gap in the form of a volume imbalance created last week Thursday 6th going into Friday 7th which Dow has rejected this Friday. Very tight range Dow is working in at the moment and I don’t have the confidence yet to predict Dow jones reaching up into the all-time highs territory yet. There is still a lot more resistance levels to break through compared to ES or NQ. Going into next week, I want to see 45000 cleared. Ideally, I want to see a candle body closure above 45227. Dow Jones is last in the race to attack ATH.
CBOT_MINI:YMH2025
by LegendSince
Nasdaq (March 2025) - Taking Nasdaq On A DateMe and Nasdaq had a GREAT time last week; riding the lows and highs from sunrise to sunset. Even though the initial target of Mon 27th Daily candles wick encroachment was met, the upside potential was astounding. Besides that, NASDAQ’s price action over the past 2 months has been lacklustre, struggling to trend and stay in one direction but it’s no surprise as with all the geopolitical drama happening all over the world has caused many institutional traders to sit on their hands and wait.
CME_MINI:NQH2025Long
by LegendSince
S&P 500 (March 2025) - A Whole Heap Of Mumbo JumboThe markets is not presenting low resistance liquidity runs due to all the politics and tariffs being implemented right now but once things settle, ES will be in for the chance to test all time highs once again. What we saw is perfection with the alignment of my bearish bias and how price respected the daily FVG @ $5,950 (mapped out with the red rectangle tool) on the Sunday going into Monday before repricing higher inside of the gap.
CME_MINI:ESH2025Long
by LegendSince
Dollar Index - Trump & TariffsWith a lot of fundamental conflicts at play, one being the tariffs war on China, EU, Mexico and Canada (we don’t know yet if any more countries will be affected), we are seeing the result in price action. We are trading in a range from 110.176 - 106.969 and so far, Dollar has managed to support the weekly BISI @ the 107.500 region but also trade up to and reject the 109.770 HTF PD array. Ultimately, it will be fundamental news that will grant dollar the necessary volatility to run to liquidity pools. My guess, to the downside
TVC:DXYShort
by LegendSince