Harmonic Patterns
FTM update#FTM can make another drop before its huge rising i think its better to be out of market for a while and let the market do whatever it wants after hitting the confirmation level we can buy as much as we can !
FTM long term update#FTM made a rising pattern in long term
wave 1 is made the wave 2 is like ABCDE which is completed now the market is heading to the 3rd wave this can make the market reach its last highs in past
there was a huge liq at the bottom of the chart which the market took it i think there is no reason for going down again !
Prepare For The Bearish BreakoutOur analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view the price will fall to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
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GOLD BERISH FOR 25000PIPS1. Understanding the Scale:
25000 Pips in Gold: A 25000-pip move in Gold means 250 units of price movement. Given that Gold typically moves in increments of 0.01 (1 pip), a 25000-pip move would imply a change of 250.00 in the price of Gold.
Example: If Gold is trading at $1900, a 25000-pip bearish move would target a price of $1650 (1900 - 250). This is an extremely large move, and it may take months or even years for Gold to make such a significant move unless there are extraordinary circumstances.
3000 Pips Stop Loss: A 3000-pip stop loss would be 30 units of price movement. For example, if Gold is trading at $1900, a stop loss at $2200 (1900 + 30) would be extremely wide, and you would need a very strong bearish outlook to justify it.
2. Technical Analysis for Long-Term Bearish Outlook:
Identify Strong Resistance Levels: The key for a long-term bearish prediction would be identifying major resistance levels that Gold is unable to break through. For instance, levels around $2000 or $2100 have been significant resistance in recent times.
Trend Confirmation: To justify a 25000-pip bearish target, there would need to be a significant breakdown in the market, such as:
Break of Key Support: A strong technical breakdown of key support levels (e.g., $1800, $1700) could signal the start of a long-term downtrend.
Bearish Trend Indicators: You would look for bearish patterns, such as lower highs and lower lows, to confirm the continuation of the downtrend. Moving averages (e.g., 200-day MA crossing below the 50-day MA) and RSI (under 50) would confirm a bearish trend.
3. Fundamental Analysis for a Long-Term Bearish Move:
U.S. Economic Data: A significant rise in U.S. interest rates or a strong U.S. Dollar could potentially push Gold lower. This could come from the Federal Reserve tightening policy in an effort to control inflation.
Deflationary Pressures or Market Risk Aversion: If global markets were to experience a deflationary crisis or risk sentiment dramatically changes (e.g., a global recession), investors might move away from Gold to other assets, driving the price down.
Commodity Market Conditions: Major changes in supply and demand dynamics for Gold (such as large-scale mining increases or lower demand for jewelry) could influence its price over the long term.
$trump has been the best and easiest crypto to trade in my 6yrsI traded stocks options futures crypto and to be real besides the blast down near 30, which I called out to wait for 40, mans was safe and ever since probably 40 trades that ran levXd for easy 50-400% on every try. My library makes life easy . Posts get removed for reasons others break with passion just bc of the power of my pro tier, proof in the puddin, ask me how to get to magic land or the traders candy shop. Can’t deny the power of origin in a first major work being so powerful it predicts the future, series coming soon
Nvidia - The Future Is Actually Known!Nvidia ( NASDAQ:NVDA ) is repeating price action:
Click chart above to see the detailed analysis👆🏻
Back in 2018 Nvidia has been retesting the upper channel resistance trendline again and again before we saw a trendline break and a massive drop. We are seeing the same behaviour today but so far, Nvidia still manages to consistently respect the trendline.
Levels to watch: $200, $120
Keep your long term vision,
Philip (BasicTrading)
USDCHF 100PIP MOVE TO THE HIGH Current Market Conditions & Entry Setup:
Identify Support Level: Look for a recent key support level or consolidation zone that could act as a strong base for price action. For example, if USDCHF is currently around 0.9300 and has recently bounced off a support at 0.9250, this could be a good level for an entry.
Bullish Trend: Confirm that the pair is in a short-term bullish trend, ideally confirmed by upward price action, higher highs, and higher lows.
Candlestick Patterns: Look for bullish candlestick patterns (e.g., bullish engulfing, hammer) around support zones that suggest a strong upward move is about to take place.
2. Technical Indicators:
RSI: If the RSI is around 50-60, this suggests that there is still room for an upward move without the pair being overbought.
Moving Averages: Ensure that the price is trading above short-term moving averages (e.g., 20-period or 50-period MA) to confirm bullish sentiment.
MACD: A bullish MACD crossover (when the MACD line crosses above the signal line) would add further confirmation for a bullish entry.
S&P500 smashed every Resistance on its way to 6350.The S&P500 index (SPX) hit and rebounded today on the 1D MA50 (blue trend-line), following last week's break-out. This is the confirmed start of the technical Bullish Leg of the 6-month Channel Up along with the 1D MACD Bullish Cross.
Having made a Higher Low on the 1D MA100 (green trend-line) last Monday (January 13), we are expecting the standard 1.786 Fibonacci extension as the next Higher High of the pattern. That gives us a 6350 Target.
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XRP will be going down.I expect a correction in the entire crypto market and more so in altcoins.
The meeting of the Federal Reserve System (FRS) in January 2025 will be held on January 28-29. I expect that the rate will not be changed. There will be no downgrade.
Chinese New Year is usually celebrated between January 21 and February 21, which means a reduction in the activity of market participants.
Analysts at Trading Economics predict that the M2 money supply in the US will total $21,550 billion by the end of 2025.
M2 money supply is the volume of money in the economy: cash, deposits in banks, time deposits and other financial instruments.
Causes of a decrease in the M2 money supply:
-Rising interest rates. When interest rates rise, people and companies borrow less money and this squeezes M2.
-Inflation. When it is high, people and companies spend money faster, which also squeezes M2.
All of this indicates that a bear market is coming for the U.S. and cryptocurrencies as well.
Translated with DeepL.com (free version)
Plan for 22nd January 2025Nifty future and banknifty future analysis and intraday plan in kannada.
Positional trading ideas included.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
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Sol broke out SOL/USDT (1h Chart) Analysis
Trend Breakout: SOL has broken a descending trendline resistance, signaling potential bullish momentum. This breakout is supported by strong buying pressure, as shown by the green candlestick.
Moving Averages: The EMA 9 (blue) and TEMA 50 (orange) are sloping upwards, indicating a short-term bullish trend.
MACD: The MACD line has crossed above the signal line and is moving toward the zero line, confirming bullish momentum.
DMI (Directional Movement Index): The +DI (blue) is above the -DI (orange), with the ADX above 20, signaling a strengthening bullish trend.
RSI: The RSI is at 63, showing bullish momentum without being overbought. There is still room for upward movement.
Stochastic RSI: The Stochastic RSI is near 88, suggesting overbought conditions. A pullback or consolidation may occur before further upside.
Volume Oscillator: Slightly negative, indicating that while the breakout is strong, follow-through volume confirmation is necessary.
Key Levels to Watch:
Resistance: $270–$275
Support: $248 (recent breakout level)
Bearish drop off pullback resistance?USO/USD is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 77.46
Why we like it:
There is a pullback resistance.
Stop loss: 78.83
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Take profit: 74.98
Why we like it:
There is a pullback support hat lines up with the 50% Fibonacci retracement.
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GOLD - BUY CALL Market is marking series of HH and HL , market has rejected from 4H support zone followed by Hammer candle. This support zone coincides with FIb level of 0.236. Market has formed Bullish Flag pattern which is also a strong sign of Bullish Pattern continuation. market is currently making a corrective move and its good time to buy.
place stop loss below HL.
Potential bullish rise?COPPER has reacted off the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 4.2584
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 4.1845
Why we like it:
There is a pullback support level that is slightly below the 50% Fibonacci retracement.
Take profit: 4.4151
Why we like it:
There is a pullback resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
SOL long entry level to watchIt seems SOL market is heavily manipulated. It is better to be in spot SOL now. However, if it reaches the green level, it may break out of the triangle and go upwards. Careful, price is heavily manipulated, it seems to the downward, by the exchanges unable to repay SOL to their customers. Hence likely they keep heavy shorts on SOL to buy spot back to repay to people. Once it does reach this level, the breakout can be huge