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GOLD H1Hello traders, GOLD is setting up for a downside move watch GOLD according to your own trading system or strategy and look for a short position trade setup opportunity. I am currently watching price to hold around mentioned area and looking price movement for a short position setup, if price break the mentioned high then this setup will be invalidate. This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis. I wish you good luck in trading.
OANDA:XAUUSDShort
by TheLoserMan
1
NVDA: Bullish, But Be Aware of These Patterns.• NVDA is about to retest the previous top at $275.89, after a quick correction to the $258.50; • NVDA is in a very strong bull trend, and the last correction couldn’t even hit the 21 ema in the daily chart; • By breaking the resistance at $275.89, NVDA would trigger another bullish pivot point, reinforcing the bullish bias. Its next target is the $289.46, which is better seen in the weekly chart; • However, it is important for NVDA to break the $275.89 as soon as possible, as if it does a top sign in this area, the market may see a Double Top – we discussed this possibility last week, in our last analysis (the link is below this post, as usual). If it loses the $258.50 (previous bottom), then it’ll give another confirmation sign of a bearish reversal. • In the weekly chart, we see that NVDA reversed the bear market by doing an upwards breakout from its Descending Channel, and it triggered an IH&S chart pattern; • The $289.46 is a previous top from March 2022, and it is a technical resistance for us now. It appears NVDA wants to hit this target. So far, there’s no top sign nor bearish reversal structures; • In theory, a pullback before it hits its target would be normal, as pullbacks after the breakout of the neckline of an IH&S occur 65% of the time (Bulkowski, Encyclopedia of Chart Patterns); • If NVDA triggers a sharp correction in the weekly chart, I see it retesting its 21 ema next; • I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
2
SPX: Trend Analysis + Key Points to Watch From Here.• The SPX is trading inside an Ascending Channel in the 1h chart. Today it is losing momentum, indicating that it could seek the bottom of this channel; • Yesterday, the index failed in breaking the 4k, which is its most important key point. By breaking the 4k, we would see a bullish pivot point in the 1h chart, indicating that we could seek the higher line of this channel; • If it loses this channel downwards, then it is very likely that it’ll seek its support at 3,808, which we mentioned in our previous analysis (the link to it is below this post, as usual). • The problem is that in the daily chart, the trend is still bearish. There’s a purple trend line connecting the previous tops, and it seems it worked again yesterday; • As long as the index remains under this purple line, the SPX won’t do any meaningful bullish reversal pattern; • What’s more, there’s no clear bullish reversal structure in the daily chart yet. Yes, there’s a bottom at 3,909, which is higher than the previous one at 3,808, but without a higher high, the trend will remain bearish; • Therefore, it is very important to watch how the index is going to react now that it just hit its major resistance in the daily chart, and if it’ll break its pivot point in the 1h chart; • This is a defining moment for the SPX, and I’ll keep you updated on this, as usual. Remember to follow me to keep in touch with my daily analysis!
SP:SPX
by Nathan_The_Finance_Hydra
📉Bearish Reversal Patterns & Showcase📉What are Reversal Patterns? In trading, candlestick patterns are used to analyze the behavior of the market and identify potential opportunities to enter or exit a trade. Reversal patterns and continuation patterns are two types of candlestick patterns that traders look for. Reversal patterns are characterized by a change in the direction of the trend. These patterns indicate that the market is likely to reverse its direction and move in the opposite direction. In contrast, continuation patterns signal that the trend is likely to continue in the same direction after a temporary pause or consolidation. Reversal patterns usually take longer to form than continuation patterns because it's easier for the market to continue moving in the same direction than to change course. For example, if sellers are pushing the market lower, it takes more effort for buyers to turn the market around and initiate an uptrend. A reversal pattern may occur after a period of strong selling or buying pressure, as traders become exhausted or the market reaches a key support or resistance level. Once this happens, traders who missed the initial move may see an opportunity to enter a new trade in the opposite direction of the previous trend. However, for a reversal pattern to be considered valid, there must have been a previous trend in place. A sideways market cannot be classified as a reversal because it doesn't reflect a change in trend direction. Traders typically look for confirmation of a reversal pattern, such as a breakout from a trendline or a significant price movement in the opposite direction of the previous trend. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
2
NVDA: Incredibly Bullish!• NVDA is very bullish, and it seems it wants to hit its next resistance at $289; • As seen in the weekly chart, there’s no top sign nor weakness signs indicating that it could correct from here; • What’s more, NVDA triggered an IH&S chart pattern in January, and it did an upwards breakout from the Descending Channel (purple lines) it was trapped inside; • Could NVDA correct from here? Yes, and a pullback to its 21 ema would be acceptable, as the last time we hit it was a couple of months ago. However, in order for a pullback to materialize, we must see a reversal pattern in the daily chart: • In the daily chart we see nothing but a series of higher highs/lows, above the 21 ema – An incredibly strong bull trend; • We would need to see a clear bearish structure, like a lower high/low, a top/reversal chart pattern like a Double Top, H&S, etc. So far, there isn’t any meaningful bearish sign; • In this scenario, NVDA could trigger a sharper correction, and maybe even fill the gap at $210 (which is very close to the 21 ema in the weekly chart, by the way); • However, even if NVDA does a correction of this magnitude, it wouldn’t ruin the bull trend seen in the weekly chart, only in the daily chart; • I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis!
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
6
Symmetrical Triangle on USD/CAD @ D1Following a long-term uptrend wave, the USD/CAD currency pair consolidated into a symmetrical triangle pattern on the D1 timeframe. It can now be used as a continuation breakout setup. My potential entry will be placed at the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the triangle's base width above the upper border. I will set my stop-loss to the triangle's lower angle (1.35990). I will ignore bearish breakouts from this trend continuation pattern.
Long
by AndriyMoraru
📊 Diverse Chart ApproachesHere is a diverse chart approach for trading that includes some tips: 📍 Use multiple timeframes: Analyzing charts at different timeframes (e.g., daily, weekly, monthly) can provide a broader perspective on market trends and potential trading opportunities. 📍 Combine chart types: Using different types of charts, such as line, bar, and candlestick charts, can provide different insights into price action and help identify support and resistance levels. 📍 Apply indicators: Technical indicators, such as moving averages and oscillators, can be applied to charts to identify potential entry and exit points, as well as confirm price trends. 📍 Incorporate chart patterns: Chart patterns, such as triangles, flags, and head and shoulders, can be used to identify potential price breakouts and reversals. 📍 Use trendlines: Drawing trendlines on charts can help identify potential areas of support and resistance, as well as indicate trend direction. 📍 Keep it simple: While it's important to use a diverse range of charting techniques, it's also important not to overload charts with too much information. Keeping charts clean and easy to read can help avoid confusion and lead to more effective trading decisions. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
3
MSFT - Falling Trend [MIDTERM]- MSFT has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. - MSFT has broken up through resistance at 257. - This predicts a further rise. - Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock. - MSFT is overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut loss, TF: Time Frame, RST: Resistance, LT TP: Long term target price
NASDAQ:MSFTLong
by wavepoint99
Jumping on a Bullish Opportunity, Analysis to Possible BuyHello Traders! When looking at the EURUSD chart, we can see that there is a demand zone inside a beautiful long candle wick on the 4-hour timeframe. This demand zone is lining up with a strong trend line support level near 1.05500, which makes it a possible buy opportunity. To enter this setup, we can wait for a confirmation on a lower timeframe, such as the 1-hour or 30-minute chart. We can also set a limit order at the demand zone level to enter the trade automatically. It's important to always have a risk management plan in place before entering any trade. This can include setting a stop loss at a reasonable level and taking profits at a predetermined target. Overall, it looks like there could be a possible buy opportunity on EURUSD, but as always, it's important to do your own analysis and make informed decisions. Happy trading! Don't forget to boost and comment if you found this analysis helpful. Jumping on a Bullish Opportunity, Analysis Points to Possible Buy Entry
by TheTradersAvenue
2