Chart Patterns
New Long Position Opened! AIX/USDT (1H)🚀 New Long Position Opened!
📈 Pair: AIX/USDT (1H)
🔹 Entry: $0.2230
🔹 Target: $0.2485
🔹 Stop Loss: Below $0.2115
I'm currently long on AIX/USDT as price is trending inside an ascending channel.
Why This Trade?
✅ Price is respecting the lower trendline of the channel.
✅ MACD is still bullish – momentum is on my side.
✅ RSI is bouncing from mid-levels, showing buyers are stepping in.
✅ Volume is picking up, confirming the move.
📌 What I'm Watching:
🔸 If price holds above support, I expect continuation towards my target.
🔸 If we see a break below the trendline, I'll be ready to cut the trade early.
Risk is managed, now let's see how this plays out! Let me know if you're in too. 🚀📊
#Crypto #Trading #TechnicalAnalysis #LongSetup #CryptoTrading
Abbott and Amazon: Two Bright Spots in a Sea of Red◉ Abbott Laboratories NYSE:ABT
● The stock previously faced strong resistance near the $134 level, leading to an extended consolidation phase.
● During this period, a Rounding Bottom pattern emerged, signalling a potential continuation of the upward trend.
● Following a recent breakout, the stock has surged to its all-time high and is expected to maintain its upward momentum in the coming days.
◉ Amazon NASDAQ:AMZN
● Since August 2020, Amazon's stock has been consolidating, forming a clear Inverted Head & Shoulders pattern.
● After breaking above the neckline, the stock rallied sharply and reached an all-time high near $242.
● Following this, the price pulled back to retest the breakout level and with a successful retest, the stock is now well-positioned to resume its upward trend.
XAUUSD LONGS With PotentialXAUUSD Potential Longs into 2945.15
-Major Support has held perfectly respecting Fibonacci 78.6 on the 4hr TF
-Tapping into major liquidity which was sat at 2836 levels, getting us ready for another retest of the highs created
-Price action last week closed respecting support, with Mondays open gapping up for over +100 pips
-Price then took all of Asian and London open to retest gap invalidity, held and continue to push higher.
-Seeing price break the levels of 2880 with retest an closures above should give way to more bulls to step in to take price to the psychological level of 2900!
Only downside on this trade at the moment is Daily bottoms. STAY TUNED! OANDA:XAUUSD
BTCUSD: Breaking news, short BTCUSD-89,000After successfully buying BTCUSD near 86,000 at the weekend, I led the members of the analysis circle to make a big profit. At present, the gold price is fluctuating around 91,600. From the trend, BTCUSD will continue to fall, because the impact of the news will not last long, and the next start is expected to be around the New York market.
So the current operation idea is to go short first and then go long.
Focus on whether there is support at the 89,000 position. This is a key position. Whether the New York market can go long depends on whether this position can stabilize.
XAUUSD NEW TARGET CONFIRM📈 Market Update:
Today, the market opened with a gap up on the long side. Initially, it filled the gap with selling pressure before getting stuck in a range.
A descending trendline formed, with the price rejecting the gap-up opening three times, creating a "peanut" pattern. This setup presents a strong buying opportunity.
🟢 Buy Opportunity:
Entry: 2860
Take Profit 1: 2872
Take Profit 2: 2877
Stop Loss: 2854
📊 Stay disciplined and manage your risk accordingly!
Key Levels & Trading Plan for the Current Market Trend1. Identified Key Levels
Type Price Level (Approx.) Significance
Major Resistance 22,700 - 22,800 Previous support turned resistance; strong rejection possible.
Minor Resistance 22,400 - 22,500 Short-term bounce zone; potential sell-off area.
Current Price Zone 22,100 - 22,200 Market hovering near key support; decision point.
First Major Support 21,800 - 21,900 Next critical level; breakdown could accelerate selling.
Second Major Support 21,500 - 21,600 Deeper demand zone; last line of defense before more downside.
2. Trading Strategies Based on Key Levels
Bearish Continuation Trade (Higher Probability)
• Entry: Look for a pullback to 22,400 - 22,500 for short positions.
• Stop-Loss: Above 22,700 to avoid getting trapped in a fakeout.
• Take-Profit 1: 21,900 - 22,000 (First major support).
• Take-Profit 2: 21,500 (Next strong support).
Bullish Relief Rally (Lower Probability)
• Entry: If price forms a bullish engulfing candle + high volume around 21,800 - 22,000.
• Stop-Loss: Below 21,600 to limit downside risk.
• Take-Profit 1: 22,400 - 22,500 (Short-term bounce area).
• Take-Profit 2: 22,700 (Stronger resistance).
3. Risk Management & Confirmation Signals
• Bearish Confirmation:
• Price rejection at resistance (22,400-22,500).
• Low bullish volume on pullbacks.
• Large red candles breaking support.
• Bullish Confirmation:
• Strong reversal candle at key support.
• Increase in buying volume.
• Break above 22,400 with momentum.
Final Outlook
• Primary Bias: Bearish → Look for short opportunities on pullbacks.
• Secondary Bias: Bullish only if price shows strong reversal near 21,800 - 21,900.
NITIRAJ ENGINEERS LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Detailed Forecast of the Market Trend Based on the Chart1. Market Structure & Trend Analysis
• The chart clearly shows a strong downtrend forming after a prolonged bullish run.
• Multiple lower highs and lower lows confirm a bearish market structure.
• The market has broken through key support zones, indicating sustained selling pressure.
2. Key Observations
• Change of Character (ChoCH):
• There are multiple ChoCH levels, signaling shifts in market sentiment.
• The first ChoCH near the peak indicated the start of the downtrend.
• The second ChoCH at a support break confirms the bearish continuation.
• Liquidity Zones:
• The price has entered a demand zone but has shown no strong reversal signs yet.
• If buyers step in, a short-term relief bounce may occur.
• However, failure to hold this zone could lead to a deeper price decline.
• Volume Analysis:
• Increasing bearish volume suggests that sellers are still in control.
• Weak bullish attempts indicate a lack of buying strength.
3. Forecast & Scenarios
Bearish Continuation (High Probability)
• If the price stays below the recent support-turned-resistance, expect further downside.
• Next potential support levels:
• 21,800 - 22,000 region (psychological and technical support).
• If broken, 21,500 - 21,600 becomes the next target.
Short-term Relief Rally (Low Probability)
• If bullish volume increases in the demand zone, a pullback towards 22,500 - 22,700 is possible.
• However, strong resistance remains in this region, making it a potential shorting opportunity.
4. Trading Strategy
• For Short Sellers:
• Look for a pullback to resistance and enter short positions.
• Stop-loss above 22,700 to manage risk.
• Targets: 21,800, then 21,500.
• For Long Traders:
• Wait for strong bullish confirmation in the demand zone.
• If price shows bullish engulfing candles + high volume, a short-term bounce trade is possible.
Conclusion
• Overall, the market remains bearish, and any bounces are likely to be short-lived unless major buying volume appears.
• Traders should stay cautious and follow trend-based strategies rather than counter-trend trades.
Final Outlook
• Primary Bias: Bearish → Look for short opportunities on pullbacks.
• Secondary Bias: Bullish only if price shows strong reversal near 21,800 - 21,900.
KPIT TECH LONGEntry- 1200 (OR any dip till 1188)
Support- 1150 (which is the hammer candle low)
Target- 1300
Reason- A great reversal can be seen with a hammer candle in 4hr and a bullish engulfing in `1hr with 4hr RSI being oversold.
Disclaimer- This is just for educational purpose please take advice from your own financial advisor before taking any decision.
Jai Shree Ram.