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Maruti : Make or Break?Technical view Box trading strategy in which you identify or stop consolidating for a couple of days and trading the direction of the breakout in this case Maruti Suzuki india limited is consolidating for past 3 days. What is the strategy why does this work? When a stock price moves sideways, it usually happens for two main reasons: either people are losing interest in the stock, or there's a lot of activity but the number of buyers and sellers is balanced. Now, imagine a group of traders who are watching this stock. They have set their stop-loss orders close to where they bought the stock. This means if the price moves too far against them, they'll automatically sell to limit their losses. When the stock finally breaks out of this sideways pattern, something interesting happens. New buyers or sellers jump in, excited about the movement. At the same time, those traders who were holding onto their positions start to sell because their stop-loss orders are triggered. This combination of new traders entering the market and existing traders exiting their positions creates a surge in momentum in the direction of the breakout. So, if the price breaks upward, it can rise quickly as both new buyers come in and former holders sell out, pushing the price even higher. Pro Tip Entry at 15m tf Strong Candle Close (Outside the Box) StopLoss is at Entry Candle high or Low (Not more than (0.8%) Targets :- 12,887.50 (Upside) 12,411.25 (Downside) Fundamental View Profit: Maruti Suzuki India Ltd reported a consolidated net profit of ₹3,727 crore for Q3 FY25, a 16% YOY increase. However, another source indicates a standalone net profit of ₹3,525 crore, up 13% YOY, but below market expectations of ₹3,624 crore. Revenue: The company reported revenue of ₹38,764 crore, a 16% YOY increase. Sales Volume: Total sales were 566,213 units, up 13% from last year3. Domestic sales were 466,993 units (up 8.7%), and exports were 99,220 units, a significant increase of 38.2%. EBITDA: Operating profit (EBITDA) increased by 14.4% YOY. Not an Investment Advise
NSE:MARUTI
by REUBEN_EUSTACE
#BILLYUSDT remains in a downtrend signal📉 SHORT BYBIT:BILLYUSDT.P from $0.0036300 🛡 Stop Loss: $0.0036860 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:BILLYUSDT.P continues its downward trend, testing the $0.0036300 level as a potential short entry point. ➡️ POC (Point of Control) at $0.0040257 indicates the highest liquidity zone, located significantly above the current price, confirming seller dominance. ➡️ The price failed to hold above $0.0038700, reinforcing the bearish scenario. ➡️ If the price breaks below $0.0036300, a further decline towards the target levels is likely. ⚡ Plan: ➡️ Enter short below $0.0036300, confirming further downside movement. ➡️ Risk management via Stop-Loss at $0.0036860, placed above the nearest resistance. ➡️ Primary downside targets: 🎯 TP Targets: 💎 TP1: $0.0034890 🔥 TP2: $0.0033642 🚀 BYBIT:BILLYUSDT.P remains in a downtrend — expecting further decline! 📢 BYBIT:BILLYUSDT.P is under strong selling pressure with no signs of buyer recovery. 📢 If $0.0036300 breaks with increasing volume, a move towards $0.0034890 – $0.0033642 becomes more likely. 📢 However, if the price rebounds above $0.0036860, the scenario may change.
BShort
by MoriartyTrading
GOLD DAILY CHART ANALYSIS MID/LONG TERM UPDATEGOLD Daily Chart Update Hello Everyone, Here’s the latest update on the GOLD daily chart we’ve been closely monitoring and trading. Below is a breakdown of recent movements and what’s next: Previous Chart Review * Key Resistance: We identified 2,790 as a critical resistance level and anticipated a potential reversal. * Buy Signal: Recommended waiting for EMA5 to cross and hold above the ENTRY LEVEL (2,744) as a signal for a bullish move toward TP1 (2,807). * Dynamic Support: Highlighted the FVG zone (2,720–2,740) as a key support area. Outcome: * EMA5 crossed above KEY LEVEL (2,744). * Resistance at 2,790 was broken. * TP1 (2,807) was successfully achieved, confirming the accuracy of our analysis. What’s Next for GOLD? * Candle Behavior: The daily candle didn’t close above TP1, suggesting a short-term reversal may occur. Key Levels: * Support: Strong support likely from the FVG zone and Gold Turn Levels (2,744 and 2,686). * Downside Risks: If EMA5 crosses and locks below 2,744, the target shifts toward 2,686. * Bullish Path: A bounce from support could retest TP1 (2,807) and further extend to TP2 (2,870.8) and TP3 (2,933.93). Recommendations Short-Term Trades: * Use smaller timeframes (1H, 4H) to capitalize on dips at the Gold Turn Levels for 30–40 pips per trade. * Focus on shorter positions in this range-bound market to avoid getting caught in volatility. Long-Term Bias: * We remain bullish and view pullbacks as opportunities to accumulate. * Buying dips from our marked levels enables us to manage swings safely, rather than chasing tops. Final Note: Trade confidently and safely. Our precise analysis ensures you’re equipped to navigate the market effectively. Stay tuned for daily updates and insights across all timeframes. Best regards, The Quantum Trading Mastery
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
GOLD 12H CHART ROUTE MAP ANALYSIS FOR THE WEEK Dear Traders, Here is our 12H chart analysis and target update: Previous Chart Review: Outcome: ✅ All targets and entry levels (marked with Golden Circles) were achieved as predicted. TP1 2745 - DONE TP2 2786 - DONE TP3 2826 - DONE Market Overview: * ENTRY LEVEL: 2814 * Target TP1 successfully hit already at 2858 * GOLD is trading at an ATH of 2858, oscillating between the weighted level with a gap above 2858 and a gap below the 2814 Entry Level. * FVG are offering strong support in this range. Resistance Levels: 2858, 2903, 2948 Key Support: 2618 Support Levels (blue GOLDTURN Levels are activated): 2813 (Critical Weighted Level) 2770 (Critical Weighted Level) 2710 (Critical Weighted Level) 2664 (Major Support Level) 2618 (Lower Major Demand Zone) EMA5 (Red Line): * Currently below TP1 (2858), indicating sustained bullish momentum. * EMA5’s behavior will be pivotal in determining the next price action trajectory. Recommendations * Focus on EMA5 Behavior for further confirmation Bearish Case: * If EMA5 holds below TP1 (2858) and resistance levels remain intact, bearish momentum may drive prices to retest GOLDTURN weighted levels. * Scenario 1: If EMA5 crosses and locks below Entry 2813, expect further bearish movement toward GOLDTURN 2770. * Scenario 2: If EMA5 crosses and locks below GOLDTURN 2770, anticipate another decline toward the major support at GOLDTURN 2710. * Scenario 2: If EMA5 crosses and locks below GOLDTURN 2710, anticipate another decline toward the major support at GOLDTURN 2664. * Scenario 2: If EMA5 crosses and locks below GOLDTURN 2664, anticipate another decline toward the major support at GOLDTURN 2618. Bullish Case: Scenario 1: If EMA5 crosses and locks above TP1 (2858), the next bullish target is 2903. Scenario 2: If EMA5 crosses and locks above TP2 (2903), the subsequent bullish target will be 2948. Short-Term: * Possible Reversal at the weighted GOLDTURN levels * Utilize 1H and 4H timeframes to capture pullbacks at GOLDTURN levels. * Target 30–40 pips per trade, focusing on shorter positions in this range-bound market. * Each Level allows 30 -40 pips bounce, buy at dip level for proper risk management Long-Term Outlook: * Maintain a bullish bias, viewing pullbacks as buying opportunities. * Buying dips from key levels ensures better risk management, avoiding the pitfalls of chasing tops. Final Thoughts: Trade with confidence and discipline. Our detailed and accurate analysis equips you to navigate market movements effectively. Stay tuned for daily updates and multi-timeframe insights to stay ahead in the game. Please support us by likes, comments, boosts and following our channel. Best regards, 📉💰 The Quantum Trading Mastery
FXOPEN:XAUUSDLong
by TheQUANTUMTraders
GOLD 1H TRADING ANALYSIS FOR THE DAY / ALL TIME HIGHDear Traders, Please seee our updated Analysis of the New Chart (5th February) Key Observations All orange circles represent previously achieved targets: Reflects accurate analysis and alignment with market conditions. In this chart TP1 (2817.55): Successfully hit. TP2 (2837.03): Successfully hit. TP3 (2856.51): Pending Resistance Levels: 2845.42 Support Levels: Key Support: 2812. GOLDTURN Levels: 2837 (critical weighted level). 2828 (critical weighted level). 2817 (next major support level). 2807 - 2812 (lower demand zone). EMA5 (Red Line): Currently above TP2 (2837), indicating ongoing bullish momentum. EMA5's position will be critical for determining future price action. Recommendations Focus on EMA5 Behavior: Bullish Case: * If EMA5 holds above TP2 (2837) and Goldturn 2837 provides support, bullish momentum will likely push the price higher to retest and achieve TP3 (2856.51). * If EMA5 cross and lock above 2856, it will determine further bullish target to 2869 Bearish Case: * If EMA5 cross and lock below 2837: Indicates bearish pressure, likely pushing the price towards Goldturn 2828. * If EMA5 crosses and locks below Goldturn 2828: Expect further decline to: Goldturn 2817 (strong demand zone and support). * If EMA5 crosses and locks below Goldturn 2817 : Expect further decline to: 2807 - 2812 (key structural support). Summary of Key Points Holding above indicates bullish momentum with potential retest of 2856.51. Breaking below leads to bearish targets at 2823, 2817, and 2807. We will continue to capitalize on buying dips using our identified support levels, aiming for gains of 30 to 40 pips per trade. Consistent with our previous strategy, each of our structured levels typically provides reliable bounces ranging from 20 to 40 pips, offering steady opportunities for short-term profits. Please show us support with likes, comments, and follow our channel. Don't forget to boost our post. The Quantum Trading Mastery
FXOPEN:XAUUSD
by TheQUANTUMTraders
BTC can still WIN After DeepSeek DumpTings are looking rough for BTC and ETH in the daily. Let's talk about ETH first. The previous time I posted on ETH, we took a look at a bullish pattern forming - the Inverse Head and Shoulders Pattern. VS the VERY different picture we see today after the weekly closed underneath support: Apart from chart patterns and bullish indicators - I was also confident that the price of ETH would increase, as we haven't seen a new ETH all time high, compared to the drastic ATH Bitcoin made. This, would be unusual. So the question remains - why did the pattern fail so miserably? There is no reason specifically as to WHY chart patterns fail - especially if they seem so strong. Some may argue its whale play, others may say it's a news event etc... But either way, the only real way to safeguard a trade from a failing pattern is to wait for confirmation . And the worst ting is - even then, it may still fail. However, this is by far a safer play than just relying on a pattern that's busy forming. Here's a short idea of what a confirmation would look like on some bullish patterns (blue): Now, to talk about BTC in the Logarithmic view. I mapped out the date-ranges, as well as how far the price fell logarithmically after each top. You'll see the word "clicks" on the chart. This simply indicates the amount of diagonal trendlines it has fallen. By using this pattern-dedicated approach, a commonality is found which may be useful in speculating a future price. Because if not for past history, how else would we speculate on the future? It's interesting to note that the past 3 ATH's (all time high's) are each lower than the previous if you compare it not to price but to the "click lines". Even the fourth high (the one coming next) will be on a lower click-line than the previous, and that estimate is already over 300k. This is a really helpful way to speculate a future high because usually on a regular-view chart, the zone above the ATH is uncharted territory. You could use a Fibonacci trend-based extension, but this is limited to the cycle that you're using for input points. Logarithmic chart + indicators factor in the entire history of the price. So could it be that this is just another dip in the road towards a new ETH ATH - and potentially even another BTC increase? ______________________ BINANCE:ETHUSDT BINANCE:BTCUSDT
INDEX:BTCUSD
by Crypto-Check-
3
The Rocket Booster Strategy In 3 Steps On CryptoWhen you are trading crypto you have to focus on the BTC pairs only and don't use margin. -- This is to protect you with risk management Am from typing on Google "What happened to FTX?" -- This company become very popular and the time Bitcoin crashed it was a crazy moment kind of similar to what we have today -- According to Google Search ai it says the company mismanaged customer funds. Also according to an article from the The Guardian, 27 March, 2024, Ftx collapsed within 10 days - Maybe this could be the time to set a sell-stop order on this crypto pair KUCOIN:FTTBTC - Now look at this chart you will notice the Rocket booster strategy in 3 steps: -The price is below the 50 EMA -The price is below the 200 EMA -The price is about to gap down So this is a position trade to help you catch this continuation chart pattern - That last step is important because it will help you with risk management which is very important - Rocket boost this content to learn more. - Disclaimer: Trading is risky please learn risk management and profit taking strategies. Also, feel free to use a simulation trading account before you trade with real money.
Short
by lubosi
BTC/USD technical fundamental analysis:Hello traders here's my New BTC/USD idea, what you think on it? share your thoughts in comment section This is a technical analysis chart for Bitcoin (BTC/USD) on the 1-hour timeframe, presenting a bearish trade setup. The chart incorporates key support and resistance levels, trend direction, and breakout confirmation to guide the trade idea. Trend Analysis The price is in a downtrend, confirmed by lower highs and lower lows over the past sessions. The breakdown below the previous support near $99,000 confirms bearish momentum. The bearish trend aligns with the broader market sentiment, as sellers dominate short-term price movements. Technical Analysis 1. Resistance Zone: Around $101,000, this zone as a key rejection area where the price failed to sustain a rally. Multiple rejections at this level reinforce the strength of resistance. 2. Breakout Confirmation: Price broke below the previous support at $99,000, turning it into resistance. A successful retest of this level (now resistance) signals a continuation of the bearish trend. 3. Target Level: The next support level at $95,000, serving as the downside target for the trade . This level aligns with historical demand zones where buyers previously entered. 4. Risk Management: Stop-loss placement above the resistance level near $101,000 ensures risk is limited if the bearish thesis fails. Fundamental Analysis Macroeconomic Factors: A potential tightening in liquidity or hawkish policies from central banks could pressure risk assets, including Bitcoin. Negative sentiment from regulatory news or low trading volume also contributes to bearish momentum. Market Correlation: Bitcoin's decline is consistent with broader market weakness in cryptocurrency, as risk-off sentiment dominates. Conclusion a short trade targeting $95,000 with strict risk management. It combines bearish price action, a clear downtrend, and fundamental headwinds to reinforce the potential for further downside. A confirmed breakdown and retest of resistance at $99,000 add confidence to the trade. Follow me for more updates and don't forget to share my idea with your friends and family
BITSTAMP:BTCUSDShort
by MrKevin_17
BTCUSD Daily Technical Analysis Hi, traders Here is my new Bitcoin/USD proposal. What do you think? Leave a comment with your ideas. This one-hour period technical analysis chart for Bitcoin (BTC/USD) shows a negative trading scenario. To help guide the trading idea, the chart includes important levels of support and resistance, trend direction, and breakout confirmation. Analysis of Trends Lower highs and lower lows over the previous sessions have indicated that the price is in a downward trend. Bearish momentum is confirmed by the breakdown below the prior support, which was at $99,000. Given that sellers control short-term price fluctuations, the bearish tendency is consistent with the mood of the market as a whole. Technical Evaluation 1. Resistance Zone: The price was unable to maintain a rally around $101,000, which is a crucial rejection zone. At this stage, several rejections strengthen the resistance. 2. Breakout Confirmation: The price became resistance after breaking below the prior support level at $99,000. A successful retest of this level, which is currently resistance, indicates that the bearish trend will continue. 3. objective Level: The trade's downside objective is the next support level, which is $95,000. This level corresponds to demand areas that buyers have already entered. 4. Risk management: If the bearish thesis is not successful, a stop-loss position above the resistance line close to $101,000 guarantees that risk is kept to a minimum. Basic Analysis Macroeconomic Factors: Risky assets like Bitcoin may be under pressure from a possible tightening of liquidity or hawkish central bank policies. Bearish momentum is also fueled by negative mood derived from regulatory news or poor trade volume. Market Correlation: Since risk-off sentiment is prevalent, Bitcoin's decline is in line with broader market weakness in cryptocurrencies. Finalize a short trade with a stringent risk management strategy aimed at $95,000. It reinforces the possibility of additional downside by combining bearish price activity, a definite decline, and fundamental headwinds. The trade gains conviction if there is a confirmed breach and retest of resistance at $99,000.
BITSTAMP:BTCUSDShort
by NexusTradesZone
The Future of Blockchain: A New Era of TokenizationGreetings, fellow enthusiasts! I believe we are on the brink of a transformative era for blockchain technology. Here's my vision for how the future will unfold: The New Era of Tokenization: We are entering a period where almost every financial asset will be tokenized. Imagine stocks, gold, silver, and various commodities all represented as digital tokens on the blockchain. This shift is already gaining momentum, with big banks and influential players like Larry Fink from BlackRock advocating for the tokenization of everything. The Impact on Digital Assets: As we move towards this future, traditional financial assets will transition into digital tokens. This will, in my opinion, lead to digital assets without real-world counterparts, such as MARKETSCOM:BITCOIN , becoming "virtually" (pun intended) useless. Why? Because the tangible value of assets like tokenized TVC:GOLD or stocks will overshadow the speculative nature of purely digital assets. The Role of Big Banks and Institutions: With the backing of major financial institutions, the adoption of tokenization will accelerate. This will bring about a more secure, transparent, and efficient financial system, bridging the gap between traditional and digital finance. The Future: This is probably the end of the road for MARKETSCOM:BITCOIN and existing cryptocurrencies as we know them. Say hello to a new era of Cryptography that will be as mainstream as it can get. In summary, the future of blockchain lies in the tokenization of real-world assets, driven by the support of big banks and key industry leaders. This new era will redefine the landscape of digital assets, making those without tangible counterparts less relevant or even completely irrelevant. I look forward to hearing your thoughts and engaging in a lively discussion! INDEX:BTCUSD NASDAQ:MSTR NASDAQ:COIN NASDAQ:MARA INDEX:ETHUSD CRYPTO:XRPUSD TVC:GOLD TVC:SILVER BINANCE:BTCUSDT COINBASE:BTCUSDT
INDEX:BTCUSDShort
by CassianDrake
Descending Channel on EUR/NZD @ D1A descending channel pattern formed on the daily chart of the EUR/NZD currency pair following a month-long uptrend. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss can be set to the low of the candle preceding the breakout candle. It's not shown on the chart. I will ignore bearish breakouts from this descending channel formation.
Long
by AndriyMoraru
What Is a High and Tight Flag Pattern, and How Can You Trade It?What Is a High and Tight Flag Pattern, and How Can You Trade It? The high and tight flag pattern is a formation in technical analysis, signalling a continuation of a strong bullish trend. Recognised by its sharp rise followed by brief consolidation, this formation is highly valued by traders. In this article, we delve into the specifics of the high and tight flag pattern, its characteristics, and how to trade it effectively. Understanding the High and Tight Flag Pattern You have heard of the flag pattern. The high and tight flag pattern is its version. The high and tight flag pattern is a powerful and rare chart formation used in technical analysis. It signals a potential continuation of a strong upward trend and is favoured by traders for its reliability in bullish markets. This formation is characterised by two main components: the flagpole and the flag. The flagpole is formed by a steep price increase, typically ranging from 50% to 100% over a short period, often spanning one to three weeks, though potentially more or less. This sharp rise indicates strong buying interest and momentum. Following the flagpole, the flag appears as a brief consolidation period where the price moves sideways or slightly downward. This phase also usually lasts one to three weeks and represents a pause in the upward trend as traders take profits and the market digests the sharp rise. The flag portion should retrace less than 20% of the flagpole's height to maintain the pattern's integrity. The high and tight flag is highly valued for its effectiveness. When the price breaks out above the upper boundary of the flag with increased volume, it often signals the resumption of the bullish trend. Traders view this breakout as an opportunity to enter or add to positions, anticipating further upward movement. Characteristics of the High and Tight Flag Pattern Here are the specific criteria that define the high and tight bull flag. - Steep Flagpole Formation: The formation begins with a sharp price increase. This rise is typically between 50% and 100%, which is commonly observed in stock and crypto* markets. For forex or commodities, traders can simply look for large, outsized moves that may result from significant news events. - Flag Formation: After the flagpole, the asset enters a consolidation phase. This is how the flag is formed. This part of the pattern appears as a brief sideways or slightly downward movement, indicating a pause as the market digests the rapid price increase. - Retracement Level: During the flag formation, the price generally retraces between 10% and 20% of the flagpole's height. This retracement doesn't need to be an absolute 10% to 20% decrease in price but rather a proportional pullback relative to the initial rise. - Timeframes: The high and tight flag can occur across all timeframes and assets. However, it is generally more accurate on medium-term timeframes, such as the 1-hour to 4-hour charts. This makes it particularly useful for swing traders who focus on these intervals. - Breakout Confirmation: For the pattern to be validated, the price should break out above the upper boundary of the flag with renewed momentum. This breakout often signals the continuation of the prior bullish trend. Why Does the High and Tight Flag Pattern Form? The high and tight flag pattern is based on a combination of strong buying interest and market consolidation. Initially, a significant catalyst, such as positive news or earnings, drives a sharp price increase, creating the flagpole. This rapid ascent attracts more buyers, amplifying the upward momentum. Following this surge, the market enters a brief consolidation phase where traders take profits and the price stabilises, forming the flag. This pause allows the market to absorb the gains without a significant pullback and accumulate more positions. The pattern forms as investors await further confirmation of the trend, often leading to a breakout above the flag. This breakout signifies renewed buying interest and the potential for continued upward movement. Trading the High and Tight Flag Pattern Now, let’s look at general trading rules applied to the pattern. To trade the high and tight flag chart pattern for yourself, head over to FXOpen. Step 1: Identifying the Initial Steep Flagpole Movement The first step in trading the high and tight flag involves spotting the initial sharp upward movement, ideally within a broader uptrend. This steep rise should be between 50% and 100% over a short period or a noticeable sharp move, indicating strong bullish momentum. Traders often draw a trendline from the low to the high of this movement to visualise the flagpole. Step 2: Watching for the Consolidation Phase Following the flagpole, the price typically starts consolidating. This phase can appear as a weak downtrend or a sideways range, usually accompanied by lower trading volume. Traders can draw trendlines to mark the upper and lower boundaries of this consolidation, forming the flag portion. Step 3: Waiting for a Breakout The next crucial step is to wait for a breakout above the upper boundary of the flag. This breakout can occur at the flagpole's high or above the upper trendline drawn during the consolidation phase. To confirm the breakout, traders often use technical indicators such as a moving average crossover or the Relative Strength Index (RSI) moving above 50, indicating bullish territory. A tightening and widening of Bollinger Bands can also indicate a breakout is underway. It’s also best to wait for a close outside of the upper boundary to prevent trading a false breakout. Step 4: Entering the Trade, Setting a Stop, and Taking Profits Once confirmation of the breakout is found, traders enter a trade as the price breaks out or at a retest of the trendline. Setting a stop-loss order below the low of the consolidation phase is a common risk management strategy. This helps to potentially limit losses if the formation fails to hold. Profits might be taken at a 1.5x extension of the flagpole, i.e. taking half of the flagpole’s size and adding it to the flagpole’s high. Advantages and Disadvantages of the High and Tight Flag Pattern The high and tight flag is a popular tool among traders for its reliability and clear signals, but it comes with both benefits and challenges. Advantages - High Reliability: When identified correctly, this pattern often indicates strong bullish continuation, providing clear entry points. - Strong Momentum: The pattern reflects significant buying interest, suggesting sustained price movement. - Easy Identification: The sharp rise followed by a brief consolidation makes it visually distinct and easier to spot. Disadvantages - Rarity: This pattern is relatively rare, limiting trading opportunities. - False Breakouts: Without proper confirmation, breakouts can fail, leading to potential losses. - Market Dependency: Best observed in stocks and cryptocurrencies*, it may be less effective in forex or commodities. - Risk of Over-Reliance: Solely relying on this pattern without additional analysis or indicators can increase trading risk. The Bottom Line The high and tight flag is a powerful tool for identifying strong bullish trends. By understanding its characteristics and applying effective trading strategies, traders can potentially enhance their market performance. To put these strategies into practice and take advantage of market opportunities, consider opening an FXOpen account. FXOpen offers a robust platform for trading and a wide range of assets to help you execute your trading plans with confidence. FAQs What Is a High and Tight Flag Pattern? A high and tight flag pattern is a chart formation in technical analysis that signals a continuation of a strong upward trend. It consists of a steep rise in price (the flagpole) followed by a short period of consolidation (the flag). It is typically seen in stocks and cryptocurrencies* and indicates strong buying momentum, though it can be applied to forex and commodities. How to Identify a High and Tight Flag? Identifying a high and tight flag involves looking for an initial sharp price increase of 50% to 100% over a short period, forming the flagpole. This is followed by a brief consolidation phase, where the price moves sideways or slightly downward, usually a retracement of 10% to 20%, creating the flag. Drawing trendlines along the high and low points of these phases helps visualise the pattern. What Is the Buy Point for a High and Tight Flag? According to the theory, the buy point for a high and tight flag occurs when the price breaks out above the upper boundary of the flag. Traders often look for confirmation of the breakout using indicators such as a moving average crossover or RSI moving into bullish territory. By entering a trade at this point, traders can potentially take advantage of the continued upward momentum. *At FXOpen UK, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules. They are not available for trading by Retail clients. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
Corrective Wave and Chart Pattern Analysis - RSI TFW DivergenceCorrective Wave Structure a ABC Analysis pattern in TFW timeframe Observations: A bullish divergence is evident in the momentum near the support zone indicating weakening bearish momentum, the end of wave C, and a potential reversal to the upside. Analysis: - Wave A: completed descending channel retraced 61.8% of previous uptrend with 5 wave diagonal pattern - wave A.1 the shortest and wave A.3 is the longest. - Wave B: retraced 61.8% of Wave A with an extended flat 3 wave abc pattern - wave B.c extended 261.8% of B.a - Wave C: A descending triangle /ending diagonal pattern is visible within Wave C current extending 61.8% of Wave A. Support: - The Green zone (liquidity support) around 4.50 THB is significant, acted as a strong support level multiple times in the past. - A breakdown below this zone could lead to further downside (red arrow scenario) while holding above it might trigger a reversal (green arrow scenario). Breakout: - Resistance levels marked by Wave B’s high 6.4+ THB and intermediate levels around 4.9+ THB are critical breakout moving average 20 week dynamic resistance zone. - An upward breakout past these levels would confirm the end of the corrective phase and the start of a new bullish impulse wave. Potential Scenarios: Bullish Case (Green Arrows): TP1: Price holds the liquidity support zone and breaks above 5.50 THB (near-term resistance). TP2: A successful retest of 6.50 THB Wave B zone could lead to a new bullish wave formation. RRR: 3:1 Bearish Case (Red Arrow): A break below the liquidity support zone 4.50 THB would confirm continued bearish pressure. Price could target lower levels, possibly extending toward 3.50 THB or beyond. Action: + Look for bullish confirmation with a breakout above descending triangle (ending diagonal) resistance 4.80 THB zone + Watch for volume surge volume profile indicator to validate the reversal trigger. + Monitor price action near the liquidity support zone 4.50 THB. + Accumulate only if the support holds and momentum confirms a bullish reversal. Always trade with affordable risk, respect your stop.
SET:NERLong
by dukeposh
$ARB Price Prediction 2025 and Chart Say ATH $2.4241 see more...BINANCE:ARBUSDT Price Prediction 2025 and Chart Say ATH $2.4241 of 2024 see more... Arbitrum (ARB) is currently trading at approximately 0.797796 USD, reflecting a 3.86% increase from the previous close. The technical indicators, including bullish MACD signals and increasing momentum, support the likelihood of breakouts. However, whether these tokens can sustain their momentum and break through their respective resistance levels will depend on continued buying interest and favorable market conditions. With altcoins showing renewed strength, the next few days will be critical for FET and ARB. If they succeed in breaking out, they could lead the charge for a broader altcoin rally. 🔥 Market Analytics Info ( AMEX:ARB ) Fully Diluted Market Cap: $7.97 M Volume 24 hour: $320.74 M Total Supply: 1.00 B C98 Circulating Supply: 10.00 B ARB Market Cap: $3.46 B All Time High: $2.397 All Time Low: $0.4316 Already have 90 Day Returns 42.28% Now 7 Day Returns 6.00% 🔥Chart Analysis ( AMEX:ARB ) 💫2024 ATH : $2.4241 🎆ENTRY POINT : $0.7988 🎇STOPLOSS ZONE : $0.4640 1ST TARGET $1.2469 2ND TARGET $1.7059 3RD TARGET $2.0645 ATH 4TH TARGET $2.4241 Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
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Price Action Trading: Key ConceptsPrice Action Trading: Key Concepts Price action is a popular trading method where traders analyse raw price movements on a chart, without relying on technical indicators. Traders identify patterns, trends, and key levels that help them understand market behaviour. This article explores what price action is, the key concepts, and how to get started with a price action strategy. What Is Price Action Trading? Price action is the movement of an asset’s price over time, and it’s one of the purest forms of market analysis. When using price action, indicators like moving averages or oscillators take a back seat, with traders focusing solely on the movement of the market itself. In studying how prices behave in real-time or historically, traders can spot trends, patterns, and potential turning points in the market. At its core, price action is about reading the market’s “story” through its movements. Traders look at how an asset has moved in the past—whether it’s rising, falling, or ranging—to understand what it might do next. This analysis often revolves around key levels, such as support (where prices tend to stop falling) and resistance (where they tend to stop rising). Because price action relies purely on market data, it offers a clear view of sentiment without the “noise” of external indicators. This makes it a go-to method for traders who prefer a straightforward approach. Price action also can be used in any market—whether it’s forex, stocks, or commodities—and across various timeframes too, from short-term day trading to long-term investing. Understanding this style isn’t automatic—it requires practice, observation, and an eye for patterns. However, once traders get the hang of it, price action can provide valuable insight into the market’s behaviour and help them analyse future trends. Key Price Action Concepts Now, let’s take a look at some core price action concepts. Support and Resistance Support and resistance levels are foundational in price action analysis. These are key levels that the market has historically struggled to move past. Support represents a level where the market tends to stop falling, acting like a “floor,” as buying pressure increases. Resistance is the opposite, serving as a “ceiling” where upward movements tend to halt, as selling pressure grows. Traders use support and resistance to identify potential levels where the market might reverse or pause. If a price breaks through one of these levels, it can signal a continuation of the trend, while a bounce off the level might indicate a reversal. Trends At its simplest, a trend shows the direction in which a given market is headed. In an uptrend, prices are making higher highs and higher lows, showing consistent bullish momentum. In a downtrend, the opposite is true: prices make lower lows and lower highs, indicating bearish sentiment. Swing highs and lows are critical when spotting trends. A swing high is a peak formed when the market moves up and then reverses down. A swing low is the opposite. Tracking these highs and lows allows traders to identify the current trend. Trendlines and Price Channels A trendline is a straight line that connects multiple swing highs or swing lows in a trending market. It visually represents the direction of the trend and helps traders spot potential areas where the market may find support or resistance. When two parallel trendlines are drawn—one connecting swing highs and the other swing lows—it forms a price channel. Channels help traders see the range in which the price is moving, and it’s common for prices to bounce between the upper and lower boundaries of the channel. Breakouts from them can signal a shift in trend direction. Candlestick Patterns Candlestick patterns are formed by the movement of price over a specific period and are widely used in price action trading. Some common candlestick price action trading patterns include: - Pin Bar/Hammer/Shooting Star: A candle with a long wick and small body, indicating a rejection of higher or lower prices. It can suggest a potential trend reversal. - Engulfing Pattern: A two-candle pattern where the second candle fully engulfs the previous one, signalling a shift in momentum. A bullish engulfing pattern suggests buyers are taking control, while a bearish engulfing pattern shows sellers are gaining strength. - Doji: A candle with little to no body, where the open and close prices are nearly identical. It suggests indecision in the market and can signal a potential reversal, depending on where it appears in a trend. Chart Patterns Price action chart patterns are shapes that form on a chart, which traders use to determine future price movements. They can indicate the continuation or reversal of a trend. Some common chart patterns include: - Head and Shoulders: A reversal pattern that signals a shift from an uptrend to a downtrend (or vice versa). It consists of three peaks, with the middle one being the highest (the "head") and the outer two being lower (the "shoulders"). - Double Top/Double Bottom: These reversal patterns form when the price tests a level twice and fails to break through, indicating a potential reversal. - Triangles: Symmetrical, ascending, or descending triangles indicate consolidation periods before a breakout. Breakouts A breakout occurs when an asset moves outside a defined support, resistance, or trendline level. Breakouts can signal that the market is gaining momentum in a particular direction. When prices break beyond a support or resistance level, it can suggest that traders are pushing prices in a given direction and that momentum is likely to continue. Traders often watch for breakouts from chart patterns like triangles or channels. Reversals A reversal happens when a market trend changes direction. In an uptrend, a reversal would occur when prices stop making higher highs and higher lows and start forming lower lows instead. Reversals are often marked by candlestick patterns or chart patterns like head and shoulders or double top/bottom. Retracements A retracement is a temporary reversal in the direction of a trend, where the asset moves against the prevailing trend but eventually continues in the same direction. Traders often use tools like Fibonacci retracement levels to identify potential areas where the market might retrace before resuming its original trend. Volume Volume measures how much of an asset is being traded over a certain period. In price action trading, volume is used to confirm the strength of market movements. For example, if the price breaks through a significant resistance level with high volume, it can indicate that the breakout is more likely to be sustained. On the other hand, breakouts on low volume might suggest the move lacks conviction and could reverse. Volatility Volatility refers to the degree of price movement in the market over time. Price action traders pay attention to volatility because it can influence how they interpret patterns and levels. In periods of high volatility, an asset may break through key levels quickly, while in low volatility periods, it might stay within a narrow range. How Traders Read Price Action Let’s now look at an overview of how the process typically unfolds: 1. Beginning with a Clean Chart Price action trading doesn’t rely on indicators, so the first step is to clear the chart of anything unnecessary. Traders focus on raw market data, meaning you’ll only initially need candlesticks or bars in a price action chart. 2. Identifying Market Structure Once the chart is clean, traders assess the market structure. This means figuring out whether the market is trending or ranging. In a trend, prices make consistent highs and lows, moving upwards or downwards. If the market is ranging, the price moves horizontally within a set range between support and resistance levels. 3. Looking for Patterns and Key Levels Next, traders focus on spotting recurring patterns and identifying key levels where the price has previously reacted. Patterns such as candlestick formations and chart setups (e.g., triangles or head and shoulders) give insight into what the market might do next. These patterns help traders anticipate reversals or breakouts based on past behaviour. Key levels like support and resistance guide where the price might stall or reverse. 4. Analysing Price Movements in Real-Time As the price moves, traders observe how it reacts to these key levels or patterns. Does it slow down near resistance, or does it break through with momentum? Does it pull back to support before continuing upward? These real-time reactions tell traders whether the market is maintaining its trend or if a reversal could be on the horizon. 5. Confirming with Volume and Volatility Traders often look at volume and volatility to further validate what’s happening on the chart. Higher volume can suggest stronger market moves, while volatility reveals how quickly the market is shifting. These extra layers of analysis provide confirmation of whether a breakout or reversal is likely to hold. Building a Price Action Trading Strategy Creating a price action trading strategy is about developing a personalised approach based on key patterns and setups that resonate with you. The steps mentioned above form the foundation of price action trading. However, traders usually build their own strategy over time, focusing on a handful of setups they find effective. Initially, traders choose a few concepts to work with and avoid getting overwhelmed by too much information. For example, you could look for pin bars that appear during retracements at support or resistance in line with a trend. Another approach might be identifying a breakout after a double top or bottom, especially if it’s backed by high volume. Alternatively, traders often use candlestick patterns to trade the upper and lower boundaries of a price channel. Setups like these can be backtested in trading platforms with FXOpen, using historical data to understand why and where certain setups work. It does take time to develop an eye for price action patterns, but it’s worth the effort to be able to identify opportunities well before lagging technical indicators do. Lastly, risk management is crucial when trading price action. Before you try out any setup, try to understand the best risk management practices for that pattern. For instance, traders might place a stop-loss just beyond a pin bar’s wick or slightly below the lows in a double bottom to limit potential losses if the market moves unexpectedly. The Bottom Line Price action offers traders a straightforward way to analyse market movements and make decisions based on real-time data, prioritising repeating patterns rather than indicators. To put price action trading into practice, consider opening an FXOpen account to access more than 700 live markets and our advanced low-cost, high-speed trading environment. FAQ What Is Price Action? The price action meaning refers to the movement of an asset's price over time. Traders analyse these movements, without relying on indicators, to identify trends, patterns, and potential turning points in the market. How to Read Price Action? Reading price action involves analysing market movements on a clean chart. Traders identify trends, key levels of support and resistance, and chart and candlestick patterns. What Is Price Action Trading? Price action trading is a strategy where traders make decisions based on the raw movements of an asset. Instead of using technical indicators, they focus on chart patterns, trends, and levels of support or resistance to analyse the market. What Is the M Pattern in Price Action? The M pattern, or double top, is a bearish reversal pattern that looks like the letter "M." It forms when the price tests a resistance level twice but fails to break through, signalling a potential move downwards. Do Price Patterns Work? Price patterns can work, but they are not foolproof. They are often used to identify potential market movements, but outcomes may vary depending on market conditions and other factors. Do Professional Traders Use Price Action? Yes, many professional traders use price action as a core part of their trading strategies. It provides a direct way to analyse market behaviour without relying on external indicators. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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