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Adjustments for Better ReadingsMany traders rely on technical indicators to identify opportunities for profit—that's the whole point of this game. Whether it’s scalping, day trading, swing trading, or shorting the market, most trading decisions are based on indicator readings—be it a single indicator or a combination of several. But here’s the truth: not all traders truly understand what an indicator is. They don’t grasp its nature—let alone the fact that this nature can be adjusted. Those who don’t understand how or why an indicator works often find themselves in stressful and uncomfortable situations. It’s no coincidence that we often hear the common phrase: “Only 1% of all traders succeed, while 80% blow their accounts, and the remaining 19% barely break even.” Why? Because the elite traders understand something most don’t: Whether an indicator is leading or lagging, it can be customized to behave differently across different timeframes. These adjustments can be found in the settings section of every indicator. Let’s take the Relative Strength Index (RSI), which I’ve mentioned in previous ideas. Some of you may have noticed that my RSI plot looks different from yours. That’s because I don’t use the default 14-period RSI, which averages out the last 14 candles. RSI is naturally lagging by default—but that doesn’t mean it can’t be trusted. In fact, with the right adjustments, that lagging nature can become leading. Learn how to do this. Push yourself. Educate your mind. Master this, and you might just find yourself among the top 1%. Markets react to signals—signals that are often hidden in plain sight, created by the big players who always leave behind footprints. This is the trader’s true skill: seeing the whole picture. A good friend once told me: Be a detective. Now let’s go to the chart. We clearly see a bearish strength unfolding. Not only is the 9-period RSI plot trending below the yellow 28-period Weighted Moving Average (WMA), but we also observe a healthy continuation of the downtrend, confirmed by the WMA itself. Using a 9-period RSI gives faster signals, while the 28 WMA offers smoother confirmations. This combo is applied on the daily timeframe—but every timeframe has its own ideal settings. Now, when the RSI plot trends above the WMA, this can act as a potential reversal signal or even a confirmation of a trend change, depending on the broader market structure and volume context. It's not just about the crossover—it’s about what follows next. That’s where the detective work begins. What do we see today? Looking solely at the daily timeframe, the downtrend seems far from over. But to analyze it professionally, we must wait for the candle of Friday, June 6th, 2025 to close. Switching to the lower timeframes, we see something interesting—a sort of bullish dominance unfolding during this incomplete trading day. But the real question is: Is it actual dominance? Let’s break it down: We have a clearly formed Head & Shoulders pattern. The bearish Marubozu candle from June 5th made a new lower low (LL). But—it did not close below the key swing low at 100.718. Therefore, the Head & Shoulders pattern is not confirmed—it hasn’t broken and closed below that swing level. So what’s happening in the lower timeframes? In the 4-hour timeframe, we’re seeing a real-time crossover above the WMA (though the session isn’t closed yet). In the 1-hour timeframe, the crossover has already occurred. Now, such a crossover—where the RSI plot moves above the WMA—can often act as an early signal for a reversal, or at the very least, indicate a strong pullback. But don’t take it at face value—context is king. This is why we pair it with other signals like divergence, price action, and volume behavior for confirmation. Across the 4H, 3H, and 1H timeframes, we’re observing this bullish pullback, yet it’s accompanied by an RSI Hidden Bearish Divergence (see: Macro Noise vs Micro Truth: The Art of Hidden Divergences). Is this pullback a true reversal? According to Volume Spread Analysis (VSA) (read: VSA vs BTC: Into a Bearish Scenario or Not?), a new narrative is emerging—but not without contradiction. Price is climbing, yes. But bullish volume spikes are declining, supporting our RSI hidden divergence. This volume-price disagreement is a clue. What will reveal the truth? Today's closing candle. If price action (PA) creates a higher high (HH) but RSI creates a lower high (LH) → Bearish Divergence If RSI makes a HH but PA creates a LH → Hidden Bearish Divergence And for those of you who truly understand market structure: The 100.718 level was a buy opportunity to secure profits. If you caught that—congratulations. You’ve done your homework. Now, you can sit back, relaxed, and wait for the next signal. The market is a breathing organism. If you’re in sync with it—you’ll feel it. And for those who believe there’s more to learn—but are struggling to find answers—there’s no shame in asking questions. Till next time, take care—and trade wisely. P.S. RSI plot, WMA, candlestick patterns, and Volume Spread Analysis (VSA)—when combined and used properly—can become a powerful toolset. For those willing to go deeper, they’re more than enough.
by WhatComes21
2
Can EURUSD Take Out the Major High 1.12000?EURUSD Major Forex Pair Following Trump’s tariff policies announced on Friday, the price of the EURUSD forex pair broke the daily higher high structure and is now returning to retest that level. This morning, the price bounced off the 0.618 daily Fibonacci level, suggesting that it may move upward again, potentially reaching the major high around 1.12000 or hitting one of the Fibonacci extension levels. Price Action on the 4-Hour Chart I have shifted down to the 4-hour chart to analyze the price action in more detail. While it appears somewhat chaotic due to Friday's news and the aggressive bullish impulse, it’s encouraging that the price broke through the higher high structure and is now retesting it. At this point, I would like to see the price remain above the 0.618 daily Fibonacci level and stay within the upward trendline. Additionally, the price is forming a symmetric triangle. Once it breaks out of this pattern, I plan to enter a buy position with a risk-to-reward ratio of 1:2, targeting the supply area near the major high. I will provide an update as more price action develops later in the week, so stay tuned!
Long
by M-Floyd
XAUUSD - Gold need correction till golden zone of retracement!Hello Mates! As we all watching XAUUUSD making ATH from last Two weeks and every time breaking its Higher Highs but here we need a good correction in gold to continue its trend here i have shared my analysis for gold read chart carefully and description. As gold has made two parallel channels in bullish trend internal and external parallel channels and following respecting external channel for impulsive wave and internal channel for pull back/retest/ and correction. i have drawn those both channel and marked all levels of movement! Gold Next Move Gold needs to take a corrective move till internal channel's down trendline which is very good zone of support and buying zone. where market can react with high volume candle to make a new ATH. Key Points Support: 2791 Resistance: 2895 Fib Golden Zone: 2815-2827 OB and FVG Level:2771-2792 Gold will give good move till 2791 and this is my target for sell, and buying zone for gold if you like my analysis support me and like my ideas
OANDA:XAUUSDShort
by PIPsOptimizer
XCN is likely to pullback upwards of 40% in the short-term.XCN has been on an absolute tear as of late. Although price action has been incredibly bullish, it is very likely to pull back by upwards of 40% in the short term on the wave four count, reaching the bottom of the bullish wedge pattern before making a significant move to the upside. These bullish moves generally—but not always—comprise a five-wave count within these wedge patterns before making big upside moves, and XCN is currently at or near the top of wave three. As with anything in trading, this isn't guaranteed, but it is probably more likely than continuing up and breaking out on the wave three count. Therefore, there may be an opportunity for lower-priced entries in the coming days or weeks. Overall, I'm bullish on XCN, but this perspective is just something to consider. Good luck, and always use a stop-loss!
CRYPTO:XCNUSD
by MetaShackle
ARB/USDT Symmetrical Triangle Breakout with Pullback OpportunityThe chart depicts a Symmetrical Triangle pattern, indicating a phase of consolidation followed by a confirmed breakout to the upside. Currently, the price is undergoing a pullback, presenting a potential opportunity for entry within the retracement zone. Key Observations 1. The Symmetrical Triangle structure has already been breached, signaling the continuation of bullish momentum. 2. The price is retracing towards the $0.85–$0.84 zone, which aligns with key support and represents an attractive area for accumulation. 3. The projected target post-breakout is approximately $1.00, consistent with historical resistance levels and the triangle's measured move. Strategic Implications Focus on the pullback as a buying opportunity near $0.85–$0.84. Ensure the pullback holds within this range to confirm support and validate the bullish setup. Look for signs of reversal, such as bullish candlestick patterns or increased volume, to reinforce confidence in the trade. Set a stop-loss below $0.80 to mitigate downside risk, while aiming for the $1.00 target as the primary profit zone.
Long
by momentumwls
Will 90k Hold Bitcoin?Alright, so we couldn't quite tag 100k. Not surprising. 100k is huge psychological resistance and we can now see from on-chain data that long-term hodl'ers, which is defined as anyone who hodls BTC for 6+ months, have started to sell more rapidly as we approached that price point. So, we got our pullback as expected. Now, the question is how far down do we go? Will 90k hold us? Or will we go lower? Let's explore these questions a bit in this post using some basic technical analysis combined with our knowledge of past historical price action at the beginning of a bull run. First, let's review where some of these trendlines on my chart actually come from. That pink ascending trendline was made by connecting the wick top in April of '21 to the wick top in November of '21 and then extending it out infinitely to the right. In my last post, I stated that it would act as resistance. It did. But I also was unsure that it would hold us below for more than a few days. It didn't. There was enough hype in the market to break us to the upside. Now that same line should act as support. I would expect it to hold us up at least through Thanksgiving weekend here in the U.S. This may give altcoins enough time for one final pump. And as long as Bitcoin decides to remain above that line, altcoins should continue to shine. But, if Bitcoin's price decides to break below our trendline (I estimate that this will not occur until after this weekend), then altcoins will pull back more drastically as Bitcoin descends further. So, if Bitcoin breaks below 90k, where will it go? My guess will be that we drop to that second pink trendline below us somewhere around 75-76k. That trendline was drawn similarly to the way I drew the upper pink trendline. I drew a line from the wick high of November '21 to the wick of our most recent high of March this year. I then extended the line to the right. You can see from the chart that this was also a significant trendline because once the price broke above it, it sent, confirming the significance of the trendline. Now, the rationale for my timeline and potential drop increments includes the fact that markets tend to stay optimistic over the holidays here in the U.S., especially when we are in the beginning stages of another bull run. And that we are. Therefore, if we do drop further, I wouldn't expect this to occur until after Thanksgiving weekend. In bull runs, it is quite common to see 20%+ pullbacks while we move up. A drop to 76k would meet this historical pattern. Again, I don't have high conviction that we actually will drop to 76k, therefore, I am not shorting. But I am a bit softer on the longs at this point and have all my stops at appropriate placement. Subs, check the tracker for those details. My current stable holding is around 40%. Let's see how this all plays out. ✌️ Stew BTW, I haven't mentioned it in this post, but my year-end target is now 102-109k. And yes, even with any pullback, I still believe we'll get there. I'll write more about this in a future post.
INDEX:BTCUSD
by stewdamus
Bitcoin Inverse Head & Shoulders Target Hit!Good morning. I have talked about my inverse H&S from our daily chart quite often in past videos and post. Therefore, it is important that I also call your attention to the fact that, as of today, this inverse H&S target has been hit. Congrats to all of you who chose to hold from the break of our neckline. That would not have been an easy task. Now, with our market hot, we need to start to prepare for some pullback. I know this is contrary to what you may be hearing and it might be that popular opinion is correct this time, but usually it is not. The market, if given opportunity, will hurt as many as it can during any counter trend price movement and so it is good to prepare accordingly. Once the market slows down its buying, which might continue to 88k-92k (remember, my year end target has always been 88k-92k), we need to start looking for areas of pullback. There are two significant areas that price could look to retreat to. The first is that white ascending TL around 76k. That is actually the neckline to a larger cup and handle pattern which I will talk about in another post. I could see us coming back to give that neckline a proper retest, validating its legitimacy. The second area is lower and honestly less likely to be tested but on the weekly chart remains a possibility for us to wick down to and quickly lick. That is the 70k area, our last huge area of liquidity. For the cup and handle neckline to remain valid, this drop would have to be relatively quick. I would not see us remaining down in that area if we dropped there for more than a few days. Enjoy all those gainz guys! 2025 will be massive. I have somehow managed to nail the year end target for 2023. Now 2024 is making me look smart. And I can't wait to start showing you all what I see coming for 2025! It will melt faces! ✌️Stew
INDEX:BTCUSD
by stewdamus
Gold Goes ATH Again, How to Work Pullbacks in Overbought MarketsGold Talking Points The massive move in gold has continued to yet another fresh ATH this morning, even with the US Dollar continue its own bullish jump. Trying to chase an overbought market like gold can feel like trying to jump on a rocket that’s already left the Earth, but that doesn’t mean that traders have the singular choice of fading it or avoiding it. There’s the potential for pullbacks such as I’ve been following in these articles over the past few weeks. Gold continues its massive 2024 outing with yet another fresh all-time-high today. This might sound like Groundhog Day, but the yellow metal just continues to impress even with weekly and monthly charts in overbought territory. As I asked a few weeks ago, does that even matter? Well, by the looks of price it does not, at least not at this point. As for explanations behind the move it’s been the Fed and other global central banks pushing towards rate cuts this year that’s propelled the breakout. And even in light of strong US data that, normally, would cause the FOMC to talk up rate hike potential, a hawkish Fed seems nowhere near, and markets are still leaning heavily on the expectation for the bank to cut through next year. Making matters more interesting is the USD backdrop with which the recent trend has run. The USD was weak in Q3 and gold broke out in mid-August and continued to run. The USD has posed a stark turn-around so far in Q4 and still, gold has run higher. At this point there’s no evidence to suggest that the run is finished. But that still doesn’t mean that chasing and hoping is a smart way to work with the move. There’s essentially two ways of working with the long side of an overbought market. One can use breakout strategies, which can be a challenge in and of itself. This opens the possibility of buying highs or selling lows, which can be painful ordeals. It’s not an impossible way to move forward, but traders need to have rigid risk management protocol to institute these types of strategies. Or – traders can wait and try to be patient, using pullbacks on shorter time frames. This still doesn’t guarantee success but at the least, risk can be managed in a more efficient manner by using prevailing price structure and if-then statements. While the move in gold has continued to hasten, there have been pullback setups. There was a setup leading into CPI last week, and another shorter-term after the release of the data point but before the breakout was able to extend. And then this week, there was a test below 2650, buyers holding the line there with a shorter-term higher-low opened the door for another extension of the move. Yesterday saw bulls push all the way up to the prior ATH at 2685, again, leading to a shallow pullback to the first support listed in the article at 2670. And that has since run into yet another fresh higher-high. Gold Fresh Highs – What’s Next? Human psychology has a funny role in markets as it often seems like the crowd gets most bullish at highs or near resistance and most pessimistic at tests of support. But there’s also the inter-play with psychological levels, as the price of 2600.01 can feel much more expensive than just two cents above 2599.99. We saw that play out at the FOMC rate cut last month. Gold tested above 2600 after news of the cut made its way through markets, but that was brief and short-lived as a fast pullback soon developed. The pullback from that tested below a minor psychological level at 2550, with bulls soon returning to push price back above 2600. At this point, we’ve seen continued reticence inside of 2700 so it seems as though bulls are shying away from a test from that price so far. But, if we do see that trade, that could be an open door for buyers to take profits, which can open the door for the next pullback. In that scenario, the prior ATH at 2685 becomes a point of interest for higher-lows. If that doesn’t hold and profit taking sets in a bit more, 2675 or 2667 become of interest. And technically, we could even see a pullback drive back down to 2650 while keeping the door open for higher-highs and lows on the daily chart. --- written by James Stanley, Senior Strategist
WHSELFINVEST:GOLDLong
by WHSelfInvest
MercadoLibre (MELI): A Powerhouse in Latin America! MELI is solidifying its position as a dominant player in the e-commerce and fintech markets across Latin America. With Argentina’s economic surge and aggressive expansion in Brazil and Mexico, MELI is poised for significant growth. 📈 Key Highlights: Economic Recovery in Argentina driving e-commerce activity. Expansion into logistics and food delivery diversifying revenue streams. Growing adoption of Mercado Pago enhances its financial ecosystem. While I see strong fundamentals supporting a buy rating, a 5% drop could offer a better entry point. My fair price estimate is $2,709, based on a 5 year DCF analysis. Let's keep an eye on the support levels around $1,936 and $1,824. #MELI #MercadoLibre #Investing #StockMarket #Ecommerce #Fintech #LatinAmerica #GrowthStocks #InvestmentOpportunities #Stocktobuy #Pullback
NASDAQ:MELILong
by InvestOhTrader
LOOKING FOWARD FOR THIS M15 SETUP 1.Price already enter a very strong demand zone I think here sellers will find all the buyers they have been looking for (LOL) remember if you are selling 100 iPhones you will need 100 buyers it's that simple. 2. Price have wiped out lot of liquidity, so why will price keep going down to sweep that low in H4 I think there's no need for that therefore from this point we should see the start of a complex pullback to a supply zone in H4. 3. This figure you see here in M15 that will be my confirmation to start buying, Fibonacci is showing our M15 trading range (last high, last low) if this doesn't happen it means is going deeper into our H4 demand zone, that's why I always opt for confirmation in lower time frame before executing any orders. WILL KEEP YOU GUYS UPDATED!!
Long
by RentCash
3
"All-Time Highs" Finally! New Channel Unlocked ! what's next? Finally, we are at "All-Time Highs" and have unlocked a New Channel. What will happen next? Let’s just let the price follow its course. Last week, we correctly predicted the price movement by creating an "N3" and landing in the order block as support to gain upward momentum with the recent movements the price has made, we have unlocked a new upward channel in which we will be monitoring the price movement in the coming weeks (Yellow Channel). Here, we only need to focus on two things: 1. We can see that the last candle is an "Inside Candle." An inside bar can be bullish or bearish, depending on its context within price action. If it forms within a downtrend, it can be considered bearish, indicating a possible continuation. If it forms within an uptrend, it can be considered bullish, suggesting a possible continuation of the uptrend. (Look up this important candlestick pattern on Google.) In this case, the last two candles were bearish, so we might consider that the market could either drop or bounce again in our order block to continue the uptrend. This is the scenario I will be expecting if we have a bearish market on Monday. Now, if the price falls to the order block zone, notice how it will also respect the support of the yellow channel. This could mark the beginning of a bullish sequence. 2. Its Simple, the price stays within the yellow channel and follows an upward and orderly sequence. Thank you for supporting my analysis, and be very cautious when we are at all-time highs. The price can be highly unpredictable, so always make sure to mark your channels and consider institutional movements of supply and demand. Best regards.
AMEX:SPYLong
by RocketMike111
Broadcom - Just be careful...NASDAQ:AVGO is quite overextended and retesting resistance so you have to be careful. Broadcom is rallying. This is a pretty obvious fact, considering that Broadcom is up roughly +330% over the past 1.5 years. Eventually we will see a correction, the only question is when and where. Currently, Broadcom is retesting a resistance trendline which has been pushing price lower for over a decade. Maybe this is a good area to close partials and monitor price closely. Levels to watch: $1.840, $1.140 Keep your long term vision, Philip - BasicTrading
NASDAQ:AVGOShort
by basictradingtv
3
GE is GEAerospace a buy 5% below its ATH? - LONGGE is now priced at 5% below its recent ATH. The daily chart shows it to be on a VWAP breakout over two standard deviations above the mean anchored VWAP originating in 2 and a half years ago. Price has dipped and pulled back to the midline of the Bollinger Bands and buying volatility is fading as can be seen on the indicators. I see this as a safe point to add to my GE long positions of shares and call options. Having trimmed some of those positions 4 weeks ago, I will add the same amount back in along with 20% extra. When earnings are upcoming in August I will again look for a pivot high from which to trim again.
NYSE:GE
by AwesomeAvani
Pullback Trade in Global Health Ltd (MEDANTA)Stock Analysis Global Health Ltd (MEDANTA) is forming a double bottom pattern. This setup offers a very favorable risk to reward ratio. Trading Strategy Entry Point: Look for a breakout above the 1500 level. Target and Stop Loss: Levels are plotted on the chart for guidance. Stop Loss: Set your stop loss as indicated on the chart. Target: Follow the target level for potential gains. This pullback trade setup looks promising. Monitor the breakout and trade accordingly!
NSE:MEDANTALong
by We_Learn_Investing
LCID's vwap bounced after pullback LONGLCID trended up 40% from late June and then over 2-3 days completed a standard Fib 0.5 retracement before bouncing off a longterm anchored mean VWAP and reversing. The reversal is supported by the two time frame RSI indicator showing the lower TF RSI crossing above the higher TF RSI and both of them approaching the 50 level. The zero lag MACD shows the lines crossed under the histogram and are now approaching the horizontal zero line. The relative rigor indicator shows a line cross while the values were negative and now approach to the horizontal zero line in parallel. Overall I conclude that LCID is set up for a long entry.
NASDAQ:LCIDLong
by AwesomeAvani