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S&P 500 Technical Analysis Ascending Triangle vs Rising Wedge I've identified two potential patterns on the S&P 500 SP:SPX chart: Ascending Triangle (blue trendlines): Higher lows and flat highs, with breakout potential above the flat top or a breakdown below the higher lows. Indicated by blue arrows. Rising Wedge Developing (red trend lines and arrows): Higher highs and higher lows, with a potential bearish breakout below the lower trend line or a less common bullish breakout above the upper trend line. Red arrows highlight the touch points on the rising wedge pattern. Pattern Rules: For a valid pattern, the following rules apply: Ascending Triangle: At least two higher lows Flat highs Decreasing volume Breakout above the flat top or breakdown below the higher lows Rising Wedge: At least three touch points on each trend line (I will use as few as 2) Higher highs and higher lows Decreasing volume Breakout below the lower trend line or above the upper trend line (less common) Quick Review for Beginners: New to chart patterns? Here's a quick rundown: Higher lows: A series of lows that are higher than the previous ones. Flat highs: A series of highs that are roughly the same level. Decreasing volume: The trading volume decreases as the pattern forms. Breakout: When the price moves above or below the pattern's boundary. Trend lines: Lines drawn to connect the highs or lows of a pattern. Keep in mind that chart patterns are not a guarantee of future price movements, but rather a tool to help identify potential trends and trading opportunities.
SP:SPXLong
by Paul_Hodls
Understanding The Basics Of AI/Inference Engine ConstructionRecently, there has been a lot of discussion related to my SPY Cycle Patterns and how they work. In short, without disclosing proprietary code/quants, I built an inference engine based on Fibonacci, GANN, and Tesla theories. Part of this inference engine is to identify the highest probable outcome related to the patterns. This is not rocket-science. This is the same process your brain does when determining when and what to trade. The only difference is I'm doing a bunch of proprietary calculations/quants related to data and price theory in the background, then the inference engine determines the best, most likely outcome. Take a few minutes to watch this video and try to understand the difference between static and dynamic modeling. Again, my objective is to help as many traders as possible. My Plan Your Trade videos are my opinions based on my skills, knowledge, and proprietary modeling systems/tools. None of my tools are 100% accurate all the time - nothing is. But, I do believe the quality of information and instructional information I provide is invaluable to most traders. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
NASDAQ:QQQEducation
by BradMatheny
2
The Perfect Setup Unfolding: Don’t Miss This High-Prob TradeIWhat’s Changed and What to Look for Now? 1. Structure and Pattern Focus: Wedge and Correction Identified The yellow descending lines still highlight a wedge-shaped correction after the price made an upward impulsive move. Wedges often act as continuation patterns, meaning the trend (in this case, bullish) is likely to resume once the wedge is broken. Price has already broken out of the wedge and pulled back, hinting that the market might continue upward after this slight retracement. 🔍 What to Do: If you spot a wedge breakout like this, wait for a retest—which seems to be forming now—before entering the trade. This increases the chance of entering at a safer spot rather than chasing the move. 2. Identifying the "Potential Buy Zone" You have a Potential Buy Zone marked around the 2,636–2,647 range, which aligns with both: Key Fibonacci levels: 61.8% and 78.6% retracement levels. Demand area: The price previously bounced from this region, showing there’s buying interest. 📝 What to Do: Watch for price action signals within the buy zone, such as: Pin bars (candles with long lower wicks). Engulfing candles (strong green candles that close above the previous red ones). Mini flags or pullbacks to signal buyers stepping in. 3. Set Entry and Stop-Loss Levels Smartly If you enter within the buy zone, place your stop-loss below the 78.6% Fibonacci level (around 2,620). This ensures you’re protected if the trade goes against you. Target One: 2,675.051 Target Two: Around 2,700 These targets are based on previous highs and Fibonacci extensions (-27.2% and -51.8%). 🔍 Pro Tip: Always plan 2:1 or 3:1 risk-reward ratios. In this case, the stop-loss is relatively tight compared to the potential reward, making this a high-reward trade setup if price respects the buy zone. 4. Using "The Rule of Three" to Confirm the Setup Based on the Rule of Three, you should always have three confirmations before entering a trade​​. In this scenario, here’s how it applies: First confirmation: Price has entered the Fibonacci zone and buy zone (2,636–2,647). Second confirmation: A bullish reaction or candlestick signal forms (like a pin bar). Third confirmation: If price breaks above a mini-flag or consolidates slightly above this zone, it’s a strong sign to enter the trade. 5. What to Watch for as a Beginner If price touches the buy zone and starts to show signs of rejection (like a wick or small bullish candles), that’s your signal to consider entering. Be patient: If the price doesn’t give a clear signal, stay on the sidelines. Waiting for a proper entry reduces losses from impulsive trades. How to Back-Test This Setup: Look at past trades where the price pulled back into a similar buy zone with Fibonacci overlap. Record how often these setups worked and whether waiting for the confirmation signals improved your success rate. Summary for New Traders This chart is a great example of a continuation setup: Trend identification: The trend is still up, with a correction (wedge). Entry zone: The buy zone is based on Fibonacci and prior support. Wait for confirmation: Use candlestick patterns or break/retest setups. Targets and stop-loss: Define a stop below the buy zone, and target the next highs (2,675 and 2,700). This is an excellent opportunity to practice patience and discipline—wait for the right signals, and trade according to the plan. Use small positions if you're new, or try this setup in a demo account to build confidence!
OANDA:XAUUSD
by Adlercon333
Gold is flying. Macroscopic 3 Month zoom.The Gold party is still healty? 15 days are left for this 3M session to close and still has not found Its ATH high. lets see where this candle close. Taking a look at this giant timeframe trying to give some insightful notations. The big bullflag breakout has been impressive, since it broke the last all time high in Friday 07 August 20' at $2,075 price has not looked back. Giving outstanding returns from its last 3M higher low at $1,810 with a stairstep fashion during almost 12 months the top is not in sight and the uptrend is the best example of a strong one! How high can we go? Answer is very high! Twelve days are left for an entire year cicle favoring the bulls and It seems like the party has not finished. Gold started a 3 Month uptrend, It broke a 3M triple top at $2,075 shaped by the bullflag. Spawned as the last All Time High four years ago and staying in play for 45 months. The last time Gold started a 3M uptrend, It happened at Thursday 20 Jun '19 around $1,375. Counting the candles for this 3M timeframe, from the last swing higher low at $1,160 the result is 7 consecutive sessions favoring convincingly the bulls. That is 21 months or almost two years. How long this current Gold bull market will last? Answer is I dont know. I will be looking for clues and hints for temporary tops in lower timeframes.
OANDA:XAUUSDLong
by hectordsd
AU Bears "Head" Down to Target .6570Here I have AUD/USD on the Daily Chart! From Friday's High @ .67672 to its Low @ .66597, we can see we get the Confirmation of a strong reversal pattern with the Break of the Neckline of the Head & Shoulders! Now what I'd like to see off the same High and Low of Friday is Price give us a 38.2% Retracement of the Low & Pullback to test the Neckline for potential Sell Entries. ( .67008 - .6697 ) Swing High of Head to Neckline = 126.9 Pips Neckline - 126.9 = .6570 (Target) Fundamentals: AUD's undoing comes from a mix of a rise in Unemployment to 4.2% and Retail Sales ending August coming in @ 0% With the horrible run of jobs reports for the USD to start September, it managed to recover to end the week and give the idea that a 50 bps Rate Cut is less likely sitting at a 30% change and a 25 bps Rate Cut more likely at a 70% chance at the Sept 18th meeting. -RBA Interest Rate sits @ 4.35% -Fed Interest Rate sits @ 5.5% This upcoming week will be VERY news heavy for USD seeing as there is: -Core CPI, CPI m & y on Wednesday, Sept. 11th -Core PPI/ PPI m/m & Unemployment Claims on Thursday, Sept 12th!
Short
by Novi_Fibonacci
Master Gold’s Breakout Strategy: Key Levels Explained!this chart of Gold Spot (XAU/USD), we observe several key technical features that guide potential trade decisions: Forming Ascending Channel: The price is developing within an ascending channel, indicating a potential continuation pattern. This channel often signals further upward movement, but caution is needed, especially when the price is in a "weird" volatility zone or failing to make new lows. LQZ Grabbed: This marks a liquidity zone where a price sweep likely occurred, gathering liquidity from stop-loss orders. The market can potentially reverse after this grab, pushing the price higher. LTF Flags (1 and 2): These small consolidation patterns (flags) on the lower timeframe suggest continuation. The first and second flags could signify pauses in the broader trend, with the potential for either breakout or breakdown. Failed Push into Descending Hover: This indicates a failed bullish push, transitioning into a descending pattern (hovering near a key level). A failed breakout could signal upcoming bearish pressure. Price Path Projections: There are two scenarios represented by the green and yellow paths: Bullish Scenario (Green Path): If the price maintains the ascending channel and breaks out from the flag structure, we could see higher prices above the liquidity zone (LQZ), likely towards the 4-hour resistance level around 2532. Bearish Scenario (Yellow Path): If the price fails to hold, particularly breaking the ascending channel and descending, it could move lower toward the 1-hour LQZ around 2503. In summary, the price action around the flags and the liquidity zones (LQZ) will dictate the next major move. Waiting for confirmation of either the bullish breakout or bearish failure would align with a high-probability setup.
OANDA:XAUUSD
by Adlercon333