Micron Technology Moves Off Resistance. MUTight trading channel at hand here, technically signaling for a bullish take in this instance.
Fibonacci
Lam Research to the Upside. LRCXWe are (probably) bouncing off the resistance. That bullish engulfing, VZO cross, Stoch cross, BB%PCT divergent, candlestick cross on vWAP and US are evidence of the bullish stance on this one. Whatever your system is, be prepared to look at the market from multiple directions. I normally use a constellation of five, but usually more, factors to develop an opinion on trend, market structure, points of entry and exits.
Correction on Starbux. SBUXFive impulse is done. Divergent RSX hump present, now out of OBOS territory. MIDAS line is crossed, as is zero line on BB%PCT. VZO has been divergent for a while now, throwing off false signals. Now, there is a VZO signal as well, but in constellation with a multitude of other factors. Ehler's indicator doesn't make a lot of sense in this picture, however.
Plan GOLD 6/3/2025 Today the market has no outstanding news, and is waiting for NonFarm news tomorrow
so today is likely to be a sideways range in the area from 2900-2925
Hope you get good buy sell prices in this range
SELL: price range 2925-2930
SL: 2935
TP: 2900
BUY: price range 2890-2900
SL: 2895
TP: 2925
Reversal on Caterpillar. CATA very flat AB=CD, ABCDE retrace on impulse contained within. Now, in OBOS territory, but fairly convincing candle crossing vWAP/US duo. My guess is that was a triple drive contained within AB=CD structure. Another note, the ABBCDE forms an expanding triangle structure, and any triangle is more likely to break out on the flat side. The top side is more flat in this case. Given the deep retrace, I don't expect a spectacular breakout if it even happens.
Now is the best time to short gold prices!At present, the price of gold fluctuates in a narrow range around 2926. There is no major news to boost or suppress the price of gold in the short term. From the trend, it is obvious that the rebound of gold is not enough to support the continuation of the rebound and breakthrough of gold. Therefore, after consuming a certain amount of bullish power, the bears will regain control of the situation.
So in the short term, you can still try to short gold again. I have already shorted gold around 2920-2930. The target is 2918-2908 area. Wish us good luck! Brothers, have you followed me to short gold?
Want to get a continuous and stable real-time trading opportunity to recover losses? Join me at the bottom of the article information.
Higher Highs, Higher Lows on Adobe. ADBEAnd on top of that a few more technical signals acting in unison to suggest a bullish picture. Simultaneous or near simultaneous crosses on VZO, Stoch/RSI. There is a cross of zero line BB%PT. Last candle crossed vWAP and sits on both vWAP and VZO. Fibonacci clusters offer some static profit goals. In practice these are never used and I just throw them in there to keep track of how my ideas go in terms of reaching goals.
Bearish Reversal Incoming? Key Resistance Holds as Price StallsAfter analyzing multiple timeframes, we observe that the price has surged significantly and is now trading within a key resistance zone. The resistance remains strong, and the RSI across multiple timeframes is in the extreme overbought territory, showing bearish divergences. Additionally, despite the sharp rally, the price has not undergone any meaningful correction.
Considering these factors—strong resistance, the proximity to a weekly trendline, extreme overbought conditions, and bearish divergence—along with the presence of a hanging man candlestick at resistance, a correction is likely. Our correction targets are the 50% and 61.8% Fibonacci retracement levels.
Bullish for Amazon. AMZNSupposing end off Wave A of correction, quite a deep one retracing half the previous bullish impulse. RSX momentum is divergent, heading toward OBOS line, divergent Bollinger Band derivative indicator. A strong change in texture of candlesticks is noted.
Signals on both VZO with offset and Ehlers Stochastic RSI have already thrown off signals a few candles ago.
Fibonacci points picked to coalesce with data already available for possible constellations/clusters, i.e. 0.5 Fibonacci coincides with MIDAS curve.
Microsoft Bounce off Support. MSFTElliott picture is unclear, yet there are signs of undergoing pivot. There is a fairly massive engulfing bullish candle that crosses both vWAP and US lines. There is a cross on the VZO, Ehler's Stochastic that occurred simultaneously. BB %PCT looks to cross soon as well. The stop loss is pretty tight, good luck in your trading.
NQ Power Range Report with FIB Ext - 3/6/2025 SessionCME_MINI:NQH2025
- PR High: 20643.50
- PR Low: 20589.00
- NZ Spread: 122.0
Key scheduled economic events:
08:30 | Initial Jobless Claims
Maintaining previous 2 session range, daily inside print
- Still advertising rotation off 20200 inventory
- Auction hovering at previous session close
Session Open Stats (As of 12:25 AM 3/6)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47%
- Session Open ATR: 431.72
- Volume: 20K
- Open Int: 280K
- Trend Grade: Bull
- From BA ATH: -8.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
VSCO good risk reward hereCrazy rally and a crazier pullback, and we are here now.
Good value zone to go long, very good risk to reward, can be 4x but need lots of patience
BHARTI AIRTEL give Shorting Opportunityif BHARTI AIRTEL create today candle is Hanging Man so we have a create shoring trade. add in your watchlist.
Interest Rates from the ECB
Yesterday, EURUSD continued its bullish move and reached 1,0820.
This marks a 61.8% retracement of the downtrend since October 2024.
Today, the ECB is expected to cut interest rates, which could lead to significant market fluctuations.
Tomorrow is the first Friday of the month, meaning the U.S. jobs report will be released.
Given this, it’s important to reduce risk on all active trades and wait for solid confirmations before entering new positions.
$6000 by end of 2025 - Bullish trend on the way Hello all traders, I know this is not a professional analysis, but it's just my simple chart with Fib tool and trend line.
since year 2020 we are on the up trend til 2025, since then we never break through the main trend line, and I don't think we will see the price going under that main up trend line.
crypto curruncies since started and it is over the main up trend
I draw a divergence lines on the low points in the chart and RSI, this divergence indicate a bullish is coming, we can say it is just started.
by end of 2025, ETH will reach $6000
I hope you understand my humble english, and my humble analysis.
thanks for taking time reading :)
good luck all.
06-03 Nifty key levelsDear traders here are the key levels for nifty 06-03-25 (15m), most important support and resistance for intraday based on previous day movement and market trend.
Note: Intraday view only
DELL eyes on $96.33: Major fib to hold for a Higher-LowDELL is trying to paint a bottom after marketwide dip.
Nice bounce on strong zone and broke this Major fib.
Now retest the fib at $96.32 that bulls must hold now.
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DAL eyes on $57.06: Break and Retest to mark end of DownTrend? Airlines had a nice flight but are now coming in for a landing.
DAL trying to regain altitude but is held down by turbulence.
$ 56.69-57.06 is the exact zone of concern for bulls to break.
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QCOM eyes on $158.81: Key Resistance to break and resume UpTrendChips have been suffering under the uncertainty of Trump.
QCOM had some good news that might help it paint a bottom.
$ 158.29-158.81 is key resistance for bulls to flip into support.
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Support & Resistance in Trading – Key Concepts & StrategiesSupport & Resistance in Trading – Key Concepts & Strategies
📌 What are Support & Resistance Levels?
Support and resistance are fundamental concepts in **technical analysis** that help traders identify key price levels where an asset's price is likely to **reverse, consolidate, or break through.
- **Support Level:** A price point where demand is strong enough to prevent further decline. When the price reaches support, buyers tend to step in, causing a bounce.
- **Resistance Level:** A price point where selling pressure is strong enough to prevent further rise. When the price reaches resistance, sellers often push the price lower.
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**🔹 Why Are Support & Resistance Important?**
1️⃣ **Identifying Reversal Points:** These levels help traders anticipate where price might change direction.
2️⃣ **Entry & Exit Strategy:** Traders use them to plan buy/sell positions, stop-loss, and take-profit levels.
3️⃣ **Breakouts & Fakeouts:** If price breaks through a key level, it signals a strong trend; however, false breakouts (fakeouts) can also occur.
4️⃣ **Psychological Impact:** Many traders watch these levels, making them **self-fulfilling price zones**.
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**📊 How to Identify Support & Resistance?**
- **Historical Price Action:** Look for levels where price previously reversed multiple times.
- **Trendlines:** Draw diagonal trendlines connecting higher lows (for support) or lower highs (for resistance).
- **Moving Averages (e.g., EMA50, EMA200):** Act as dynamic support/resistance.
- **Fibonacci Levels:** Key retracement levels (38.2%, 50%, 61.8%) often act as support/resistance.
- **Volume Analysis:** High volume near certain price levels indicates strong buying/selling pressure.
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**🔹 Trading Strategies Using Support & Resistance**
**1️⃣ Range Trading Strategy**
✅ **Buy near support** and **sell near resistance** when the market is moving sideways.
✅ Stop-loss: Below support for buy trades, above resistance for sell trades.
✅ Best used in **range-bound markets** (no strong trend).
**2️⃣ Breakout Trading Strategy**
✅ Enter a trade when price **breaks through a strong support or resistance** level.
✅ Confirm the breakout with **high volume** to avoid fakeouts.
✅ Stop-loss: Below the breakout level (for buy) or above (for sell).
**3️⃣ Retest Trading Strategy (Break & Retest)**
✅ After a breakout, wait for price to **retest the previous support/resistance** before entering.
✅ Provides a better entry with lower risk.
✅ Stop-loss: Below the retested level (for buy) or above (for sell).
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**📌 Common Mistakes Traders Make**
❌ **Buying too close to resistance** or **selling too close to support** – wait for confirmation.
❌ **Ignoring fakeouts** – always check volume & price action before entering a breakout trade.
❌ **Not using stop-losses** – markets can be unpredictable, and risk management is key.
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**📈 Example in Real Market (Gold – XAU/USD Analysis)**
- **Support:** $2,900
- **Resistance:** $2,950
- **Scenario 1 (Bullish Breakout):** If price **breaks above $2,950**, it could rally to $3,000.
- **Scenario 2 (Bearish Rejection):** If price **fails to break $2,950 and drops below $2,900**, a pullback to $2,870 is possible.
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**🔹 Final Thoughts**
Mastering support & resistance is essential for **both beginners and advanced traders**. By combining these levels with other indicators (EMA, RSI, volume), you can improve your trade accuracy and risk management.
QQQ: Capacity of the PullbackThis chart presents a Fibonacci channel projection based on key swing points, including a Higher High, Higher Low, an All-Time High (ATH), and a current Lower Low.
The levels of Fibonacci channel that market should abide by for the nearest future, are defined by: HL & LL - sets direction (fib 0 line); applied to ATH (fib 1 line). The derived fib ratios help to anticipate future price movements acting as key resistance where the pullback (reaction to prior impulsive bearish wave) might reach in respect to its structural capacity. B&W dashed line indicates a potential inflection point where the price could either reverse or extend further into supply zones.
USDCHF H1We have a liquidity sweep and the price move up and create a strong demand zone near 50% fibo now if the price come back to the zone we take long
LR
TON/USDTToncoin (TON) is the native cryptocurrency of The Open Network (TON), a decentralized layer-1 blockchain initially developed by Telegram's team. Designed to support scalable and secure decentralized applications, TON utilizes a proof-of-stake consensus mechanism. Toncoin serves various purposes within the network, including transaction fee payments, network security through staking, and governance participation.
Technical Analysis: Toncoin is exhibiting a bearish trend, with prices moving downward. Currently, the price is consolidating within a small wedge pattern. A breakdown from this wedge could signal further declines. Additionally, there's an untested Volume Weighted Average Price (VWAP) in the highlighted green area, which may serve as a potential support level.
