CHECK GBPJPY ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINEntry Zone: Around 188.846✅
Stop Loss: 189.200❌
Take Profit 1: 188.500✅
Take Profit 2: 188.000✅
Last Target: 187.900✅
TECHNICALLY ANALYSIS SATUP ✅
FALLOW RISK MANAGEMENT ✅
Harmonic Patterns
[_] ONENTRY### **GBP/JPY - ‘2FIB Strategy’ by ONENTRY**
**Timeframe:** 30 Minutes
**Session:** London & New York
### **Step 1: Identify the Overnight Range**
- Mark the **high** and **low** of the price range between **00:00 - 06:30 (+2GMT)**.
- Wait for a **clear breakout** with a candle *closing* above (for longs) or below (for shorts) this range.
### **Step 2: Apply Fibonacci Levels**
- After the breakout, use the **Fibonacci retracement tool**:
- **Anchor Point 1:** Start at the *close* of the breakout candle body.
- **Anchor Point 2:** Drag to the *start* of the impulse move - first candle body of the range.
- Key level for entry: **0.5 and** **0.35 retracement**.
### **Step 3: Trade Execution**
- **Entry:** Enter on a pullback to **0.5** and **0.35 Fib level** after the breakout.
- **Stop Loss :**
- *Long trades:* Below the **low of the breakout candle’s body**
- *Short trades:* Above the **high of the breakout candle’s body**.
- **Take Profit Targets:**
- **TP1:** 1.0 Fib
- **TP2:** 1.25 Fib extension.
- TP3: 1.6 FIB extension
- **TP4:** 2.3 Fib extension (runner position).
### **Step 4: Trade Management**
- Move SL to breakeven when price hits **TP1**.
- Close the running trade before midnight.
Always Test The Strategyevels**
- After the breakout, use the **Fibonacci retracement tool**:
- **Anchor Point 1:** Start at the *close* of the last impulse candle wick.
- **Anchor Point 2:** Drag to the *start* of the impulse move - first candle wick of the range.
- Key level for entry: **0.5 and** **0.35 retracement**.
### **Step 3: Trade Execution**
- **Entry:** Enter on a pullback to **0.5** and **0.35 Fib level** after the breakout.
- **Stop Loss :**
- *Long trades:* Below the **low of the breakout candle wick.**
- *Short trades:* Above the **high of the breakout candle wick.**
- **Take Profit Targets:**
- **TP1:** 1.0 Fib
- **TP2:** 1.25 Fib extension.
- TP3: 1.6 FIB extension
- **TP4:** 2.3 Fib extension (runner position).
### **Step 4: Trade Management**
- Move SL to breakeven when price hits **TP1**.
- Close the running trade before midnight.
Always Test The Strategy
How to grasp the ups and downs of market conditions?Judging from the 4-hour analysis, the lower support focuses on the 3310-3315 line, and the 3400-3410 line for short-term suppression. Be careful to pursue orders in sharply rising and falling markets, let alone heavy positions, and wait patiently for sufficient adjustments before entering the market.
Gold operation strategy:
Gold falls back to 3310-15 line, and covers long positions when it falls back to 3300 line, stop loss 3297, target 3400-3410 line, and continue to hold if it breaks;
XAUUSD – Bullish Reversal Brewing at Key Demand Zone?Gold just bounced cleanly off a strong demand zone around $3,314, right where previous buy-side liquidity was sitting. This level has acted as a strong support zone, and we now see bullish signs emerging!
Key Technical Levels:
Support Zone (Demand): $3,314 – $3,326 (held multiple times)
Resistance Targets:
$3,392 (intermediate level)
$3,463 (major supply zone)
Bullish Bias Reasons:
Price tapped into a demand zone with a rejection wick, hinting at possible accumulation.
Previous aggressive drop may have cleared liquidity, setting the stage for a reversal pump.
If bulls hold above $3,326, we could see a rally toward $3,392 and potentially $3,463.
Possible Trade Setup:
Long entries around $3,314–$3,326 with SL below the zone.
First target: $3,392
Second target: $3,463
Watch for confirmation:
Higher highs & bullish engulfing candles on lower timeframes could confirm entry.
Let’s talk: Do you see this as a reversal or just a dead-cat bounce?
#Gold #XAUUSD #PriceAction #SupportAndResistance #SupplyAndDemand #ReversalSetup #TradingView #LuxAlgo
VANAUSDT – Breakout Alert!Join our community and start your crypto journey today for:
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let' analyse VANAUSDT:
VANA is breaking out of a multi-month falling wedge pattern on the 12H chart
Price has held the support trendline well and is now showing strength at the apex of the wedge.
Targets:
• TP1: $6.92
• TP2: $9.15
• TP3: $9.19+
Stop-loss: $4.75 (below structure)
If momentum picks up, this could run hard
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
DOGEUSD Breaks Supply Zone – Is a Reversal Coming?Dogecoin just tapped into a high supply zone around 0.183 and showed strong rejection with a bearish candle. The zone has previously acted as strong resistance, and we’re already seeing signs of a potential reversal.
Key Levels to Watch:
Resistance Zone: 0.18000 – 0.18300 (supply zone)
Support Levels:
0.16913 – minor support (previous resistance)
0.15562 – major demand zone (price reacted heavily here before pumping)
What I'm Watching:
If price fails to break and hold above 0.183, we could see a short-term correction to 0.169 or even deeper into the 0.155 demand zone.
However, a clean breakout above the supply zone with a retest could signal continuation toward 0.19+.
Trade Ideas:
Short setup if price shows further rejection from supply zone with confirmation.
Long re-entry at 0.169 or 0.155 if price forms bullish reversal patterns.
Technical Confluence:
Price is overextended after a strong bullish move.
The rejection candle from the supply zone aligns with typical liquidity grab behavior.
Let me know in the comments: Are you shorting this resistance or waiting for a bullish breakout?
#Dogecoin #DOGEUSD #CryptoTrading #PriceAction #SupplyAndDemand #ReversalSignal #TradingStrategy
#CHZ/USDT#CHZ
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.03470.
We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 0.3570
First target: 0.03643
Second target: 0.03736
Third target: 0.03888
gmx extremely over sold (easy 400-500% gain)The descending broadening wedge chart pattern is a bullish reversal formation characterized by two sloping and diverging trend lines. This pattern emerges as the price fluctuates between the upper resistance and lower support trend lines, expanding the trading range during a downtrend.
A descending broadening wedge is bullish chart pattern (said to be a reversal pattern). It is formed by two diverging bullish lines.
A descending broadening wedge is confirmed/valid if it has good oscillation between the two upward lines . The upper line is the resistance line; the lower line is the support line.
Each of these lines must have been touched at least twice to validate the pattern.
NB: a line is said to be "valid" if the price line touches the support or resistance at least 3 times.
This implies that the descending broadening wedge pattern is considered valid if the price touches the support line at least 3 times and the resistance line twice (or the support line at least twice and the resistance line 3 times).
A descending broadening wedge does not mark the exhaustion of the selling current, but the buyers’ ambition to take control. The divergence of the two lines in the same direction (increase in price magnitude) informs us that the price continues to fall with movements that are increasingly low in magnitude. The sellers manage to make the price rebound on the resistance line but lose control after the formation of a new lowest point. The highest point reached during the first correction on the descending broadening wedge’s resistance line forms the resistance. A second wave of decline then occurs of more magnitude, signalling the sellers' loss of control after a new lowest point. A third wave forms afterwards but the sellers lose control again after the formation of new lowest points.
During the formation of a descending broadening wedge, volumes do not behave in any particular way but they increase strongly when the support line breaks.
This type of pattern appears on the troughs, it is a bullish reversal pattern.
The break in the resistance line definitively validates the pattern.
The price objective is determined by the highest point at which the descending broadening wedge was formed.
NB: often, the steeper the descending broadening wedge’s trend lines, the faster the price objective is reached.
Statistics of the descending broadening wedge after a bullish movement
In 80% of cases, the exit is bullish.
In 75% of cases, a descending broadening wedge is a reversal pattern.
In 60% of cases, a descending broadening wedge’s price objective is achieved when the resistance line is broken.
In 21% of cases, the price makes a pullback in support on the descending broadening wedge’s resistance line.
I also feel its important to add the staking on this is crazy, and comes from margin fees. app.gmx.io its about 80% at time of post.
#INJ/USDT#INJ
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel, which is support at 7.50.
We are experiencing a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend.
We are looking for stability above the 100 Moving Average.
Entry price: 7.71
First target: 7.92
Second target: 8.42
Third target: 8.90
Gold plummets and peaks in stages, price trend in the futureGold prices retreated from a record high of $3,500, attracting some selling for two consecutive days. U.S. President Donald Trump softened his rhetoric toward the chairman of the Federal Reserve and sent signals that trade tensions may be easing, weakening market demand for safe-haven assets.
The fluctuations will depend on technical points. When the market returns to the technical level, the next operation will be much more stable. At least there are high points above for reference. It is just a matter of timing. However, the crazy time is over, but the bull market is not over.
At present, the price has peaked at 3500 USD. The short-term market will enter a consolidation phase. The callback will focus on the 382 split support of 3292 and the 50 split support of 3228 in the 2956-3500 segment. The limit is that it will not fall too far from 3167. These positions are also waiting for the opportunity to rise again. Each squat adjustment is to further continue the bullish trend. The next stage of pull-up height should pay attention to 3746;
In the intraday, gold opened lower in the early trading, rebounded to the gap of 3385 US dollars and continued to break the bottom. In the short term, 3385 will form a new pressure point. For today's market, the high and high are the main rhythm. The morning low of 3315 is the watershed. If it falls below it during the day, the US market will inevitably retreat for the second time. The double bottom support is 3283, which is the point for long today.
#INJ/USDT#INJ
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel, which is support at 8.25.
We have a downtrend on the RSI indicator that is about to be broken and retested, which supports the upward trend.
We are looking for stability above the 100 Moving Average.
Entry price: 8.58
First target: 8.80
Second target: 9.03
Third target: 9.31
Doge H4 | Potential bullish bounceDoge (DOGE/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.1755 which is an overlap support.
Stop loss is at 0.1600 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement.
Take profit is at 0.2028 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
#APE/USDT#APE
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.4548.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 0.4875
First target: 0.4718
Second target: 0.4794
Third target: 0.4875
USD/CAD H1 | Rising into a multi-swing-high resistanceUSD/CAD is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.3849 which is a multi-swing-high resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 1.3915 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance.
Take profit is at 1.3735 which is a support level that aligns with the 161.8% Fibonacci extension.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Cable H1 | Approaching an overlap supportCable (GBP/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 1.3200 which is an overlap support.
Stop loss is at 1.3110 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement.
Take profit is at 1.3415 which is a multi-swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Ethereum H4 | Falling toward a pullback supportEthereum (ETH/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1,674.75 which is a pullback support that aligns close to the 38.2% Fibonacci retracement.
Stop loss is at 1,520.00 which is a level that lies underneath a multi-swing-low support and the 61.8% Fibonacci retracement.
Take profit is at 1,913.15 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
SELL EURUSDEURUSD displaying a bearish flag pattern. Price will fall to the support at 1,343 in the next trading sessions.
xauSupport and press the rocket to cheer me up
Observe the ten percent loss limit
Stay away from Bitcoins
Feel free to buy and sell and post your comments
#DYM/USDT#DYM
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.270.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 0.276
First target: 0.281
Second target: 0.288
Third target: 0.296
ETHUSD potential bearish bat patternOn the 4-hour chart, ETHUSD stabilized and rebounded. The current upper resistance is around 2022. Once it reaches that level, pay attention to the potential bearish bat pattern. At the same time, this position is in the previous supply area.
ETH Bullish Navarro 200 Harmonic Pattern + Key Levels / TargetsHarmonic Structure: Navarro 200
Ethereum's weekly chart showcases a fully formed Navarro 200 pattern, identified by:
• A deep B-to-D leg extension (~1.364) — beyond typical harmonic norms, validating the Navarro classification.
• Precise internal Fibonacci alignments:
- XA retracement to B = ~0.771
- BC extension to D = ~1.364
• Completion of point D in a historical demand area around $1500, indicating a potential reversal zone (PRZ).
This harmonic pattern suggests a bullish reversal scenario, contingent on price holding above the $1500 level.
Demand Zone: $1500–$1600
This green box zone represents a major accumulation range from early 2023:
• High volume support — confirmed by prior consolidations.
• On-chain data supports this as a major ETH acquisition zone (1.5M+ ETH bought).
• Current bounce from this area following a liquidity sweep reaffirms it as a strong demand base.
Failure to hold this zone could invalidate the bullish harmonic setup.
Target Zones (Based on Navarro 200 Mechanics)
• T1: $2100–$2200
- Historically significant support-turned-resistance.
- Converges with structural highs and prior breakdown area from mid-2024.
- First logical profit-taking or reaction point following a D-point reversal.
• Mid-Zone: ~$2800
Though not labeled as a target, this is a key supply region to monitor:
- Past consolidations and price rejection.
- Mid-range of the overall pattern.
- Also aligns with prior bullish support in 2024 that flipped to resistance.
• T2: $4000–$4100
- Strong weekly supply zone marked in red.
- Aligns with point C of the pattern.
- Also a psychological barrier near the previous all-time high area ($4,868).
- Likely to see heavy resistance if price rallies that far.
Risks to Watch
• Failure to hold the $1500–$1600 demand zone could send ETH into deeper retracement.
Gold operation strategy, how to grasp the ups and downs of the mAt the end of the Asian market, spot gold maintained a sharp decline in the day. The current gold price is around $3,305/ounce, and it plummeted during the day.
Gold prices fluctuated this week, hitting a record high of $3,500/ounce, and then encountered resistance and fell to the $3,300/ounce level. The main reason for the record high in gold prices was that the market was worried that the Federal Reserve would lose its independence after US President Trump verbally attacked Federal Reserve Chairman Powell.
US President Trump said on Tuesday evening local time that he had no intention of firing Federal Reserve Chairman Powell. Trump also said that tariffs on Chinese imports would be "substantially" reduced from the current 145%.
Quaid believes that the hope of easing Sino-US trade tensions has driven a positive shift in risk sentiment and a recovery in the US dollar. Investors used this as an excuse to take profits on their gold long positions.
Latest trading analysis:
The gold daily chart shows that the 14-day relative strength index (RSI) has fallen back from the overbought area to the bullish area. The latest decline in this leading indicator supports a new round of decline in gold prices. However, as long as gold prices can hold the $3,300/oz level, gold buyers still have hope.
If the gold correction deepens, gold prices may challenge the 21-day simple moving average (SMA) of $3,163/oz. Before that, the $3,200/oz mark may provide some support for buyers.
On the other hand, if the upward trend resumes, gold prices may re-break through $3,400/oz and then aim for the historical high of $3,500/oz.
Gold has been volatile recently. If traders are not doing well in gold operations at present, I hope Quaid's analysis can make your investment smooth. Welcome all traders to communicate.
S&P500 Long and painful but necessary bottom formation.The S&P500 index (SPX) has been trading within a 2-year Bullish Megaphone pattern and the recent 2-month correction completed its latest Bearish Leg, as it reached the Higher Lows trend-line.
The massive rebound that took place there on April 07 may have turned out to be a highly volatile one but as mentioned on the title, it might be long and painful, but a necessary process nonetheless. That's mainly because it is the strongest correction since 2022 and the longest Bearish Leg of the pattern.
The market remains highly volatile until it gets a clear signal, bearish below the current Support of the 1W MA200 (red trend-line) or bullish above the 1D MA50 (blue trend-line). Despite the rather short-term uncertainty, the similarities with the Megaphone's previous bottom are uncanny, both having formed their Low on 1D RSI Double Bottom patterns.
Given that this previous Low initiated a massive +50% 1 year Bullish Leg/ rally, we expect to see at least 7100 on this next one by mid-2026.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
