Gold- In range with bearish implicationsYesterday, after initially breaking below the 2325 support level, gold reversed and rose to test the 2350 resistance zone for the third time.
Bears capped gains in this zone, and now the price has started to roll back down. As long as this zone acts as a ceiling, there is a high chance of a drop below 2300.
Confirmation of this comes with a clear break below 2325, at which point, as I mentioned yesterday, 2285 becomes the target.
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Hellena | EUR/USD (4H): Long to resistance area 1.08877.Dear Colleagues, I have redrawn the waves and I believe that the upward movement will still take place, but later than I expected earlier.
I believe that the price is completing the corrective wave “2”. I assume that the price may push from the area of 50% Fibonacci Level 1.07481. Then I expect an upward movement to the nearest high of 1.08877, which is an area of strong resistance.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Long to resistance area of 84.42.Wave “4” traveled a greater distance than I had anticipated. At the moment I expect a small update of the 78.80 low and the beginning of the upward movement with the aim to reach the resistance area of 84.42.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Lingrid | EURAUD short OPPORTUNITY in CHOPPY marketThe price perfectly fulfilled my previous idea. It hit the ratrget. FX:EURAUD market is currently stuck in a range, oscillating between a resistance zone and a support levels within a downward channel. After a recent impulsive bearish move, the price has pulled back to the resistance zone. As the market approaches equal highs and an upward trendline, I'm anticipating a potential reversal from this resistance level. The consolidation zone suggests that the market is most likely to move sideways, until clear trend presents itself by breaking out of it. My goal is the support level at 1.63050
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | EURUSD consolidation Before NEW EXTENSION After the recent news release, FX:EURUSD has rebounded from the support level, taking out liquidity below the previous week's low. It's now headed towards the next resistance zone. The market has moved into a range zone, where it has been consolidating for the past two weeks. However, given the strong bullish trend on the 4H timeframe, I expect a pullback towards the support level, where the price has bounced off several times in the past. Following this pullback, I expect an upward move towards the strong resistance. My goal is the resistance zone at 1.09300
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Lingrid | SHIBUSDT long from the SUPPORT zoneThe price perfectly fulfilled my previous idea. The market went up and hit the target level. BINANCE:SHIBUSDT has been trading within a range zone, before breaking out to the upside and subsequently pulling back. This price action has formed a triangle pattern, with the price now testing the boundary of the shape. As the price approaches the support levels, it's consolidating around the swap zone. I believe the market is likely to shift upward if it successfully rejects the swap level and breaks above it. Meanwhile, I expect the price to continue its upward momentum from the ascending trendline, which has been guiding the movement. My target is resistance at 0.00002800
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PORTALUSDT(PORTAL) Daily tf Range Updated till 03-06-24PORTALUSDT(PORTAL) Daily timeframe range. another fairly new price action here. cause of that its gold mine of trading setups. if you can use range levels right its free profits. not much of holdup till 1.4189 all it needs retail interest. local support at 0.7491.
Lingrid | GBPAUD double TOP at RESISTANCE zone. Short FX:GBPAUD recently broke out of a range, only to fall back into the resistance zone and bounce off it. This double top pattern suggests that the bulls' attempt to push the price higher was unsuccessful. With the overall market showing a bearish trend on the daily timeframe, marked by lower lows and lower closes, I believe the price is likely to continue its downward momentum. Currently, the pair is trading just below the psychological level of 1.92000, which I expect to serve as a strong resistance. I expect a rebound from this level, followed by a bearish move as the bears take control. My target is the support level 1.90910
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Gold could drop under 2300In my written and video comments from last week, I mentioned that I expected gold to drop in a new downward leg and indicated the 2350-2360 range as the sell zone.
Indeed, after touching this zone twice, the price dropped and closed the week near the 2325 support level.
This week's opening saw a drop below this support, and at the time of writing, gold is trading at 2318.
I anticipate further downside movement and a drop below the important 2300 level.
My target is the 2285 support zone.
Hellena | SPX500 (4H): Short to 38.2% Fibo lvl 5205.Dear colleagues, I think that the price has either already completed or is about to complete the impulsive movement in wave “1”, so I expect the beginning of correction at least to the area of 38.2% Fibonacci level 5205. It is quite possible that the price will update the high and reach the area of 5375 before starting the correction.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Lingrid | GOLD Weekly MARKET OUTLOOKLast week was a tough period for gold, marked by a sharp reversal where the bull's momentum suddenly gave way to a bearish surge. The bull takes the stairs, the bear jumps out the window as they say. The sudden correction was not a surprise, but rather a necessary step in the market's attempt to rebalance itself. The price had been forming a divergence for some time, and when it finally broke above the resistance level at 2450, the pullback was triggered. The ensuing free fall took out multiple support levels, including the upward channel that had held sway for over two months. This break is a clear indication that the correction is likely to be deeper than initially anticipated. Interestingly, we've seen a similar scenario play out before - in May 2023, the market experienced a similar correction, only to recover and form a bearish divergence in the subsequent months.
Reviewing the monthly timeframe from last year, we notice a pattern of two candles with long tails, followed by a decline. Fast-forward to the current month, April has already formed a candle with a long tail, and May is following suit. This recurring pattern suggests a probability of further market decline. On the 4H timeframe, we're seeing a bearish momentum unfold. Based on this overview, I think the market might fall to the psychological level of 2300. If it breaks below this level, the next support zone would be at 2350 - 2380.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
PIXELUSDT(PIXELS) Daily tf Range Updated till 02-06-24PIXELUSDT(PIXELS) Daily timeframe range. fairly new price action here. cause of that we got loads of chances of trading setups and nice opportunities. trying to clear out 0.4936 if it can it will open its way till 0.6285. retail interest yet to come if it does its easy profits.
Lingrid | ARBUSDT ready to TAKE OFF ?After a strong bullish impulse movement, the BINANCE:ARBUSDT has been stuck in a prolonged consolidation phase. Currently, the market is trading within this consolidation zone, having broken above the crucial level of 1.1000. As the price approaches the support level, it's likely to bounce off and resume its upward momentum. The market has been in an accumulation phase since April, with a minor pullback expected to support the level before the price extends its upward trajectory, targeting higher resistance levels. My goal is the resistance at 1.3300
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Alikze => IOTX | Pullback to broken supply areaIn the previous post, it was mentioned about the movement of the currency in the weekly time. In this post, it is moving in a medium-term ascending channel in daily time. After the high strength failure of the supply area, pullback to the broken structure is currently being completed. Therefore, it is expected that this pool will be completed in the green box area, and in the first phase, it will be supplied to the next area, and after its failure, it will be able to grow to the next area. If the behavior and structure of the post changes, it will be updated.
🟩Sup: 0.04880
⛳️Tp 1:0.07940 ~ 0.08550
⛳️ Tp2 : 0.14045 ~ 0.15067
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Lingrid | BTCUSDT long term TARGETBINANCE:BTCUSDT made a significant surge on May 20th, and since then, the price has been oscillating within a narrow range zone. As we can observe, the price action is gradually narrowing down, indicating a potential breakout. On the weekly timeframe, an inside bar formation is developing, which suggests that the price may be building up energy for a move. Additionally, on the 1H chart, we see a double bottom formation, which could be a sign of a potential reversal. If the market respects the support level, it's likely that the resistance zone will be tested. The market is also forming higher lows and lower highs, which is characteristic of a triangle pattern. Bitcoin market has a history of reacting positively to this pattern. Given this setup, I expect the current sideways move to continue until we see a clear trend direction emerge. My long term goal is resistance at 80000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | PEPEUSDT pullback and NEW Trend CONTINUATIONBINANCE:PEPEUSDT has been on a remarkable bullish run, consistently posting higher highs and forming a strong upward momentum. The recent market action saw a new all-time high, followed by a retracement. As the market pulls back, it's likely that it's forming a complex pullback towards the support level. Notably, the price has been making higher closes with brief pauses, suggesting a pause in the uptrend. I anticipate the market to retrace down to around -30% from the resistance zone before potentially resuming its upward trajectory. If the market retests the recent higher low and forms a double bottom, it would be a strong indication that the asset is primed for a new all-time high. My goal is resistance zone at 0.00002000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Lingrid | EURUSD trend SHIFTThe price perfectly fulfilled my last idea. It literally tanked hit the target zone. FX:EURUSD is currently retracing towards the resistance zone after its recent breakout from the range zone. On the 1H timeframe, the market has been correcting its downward trend, indicating a potential pause in the bearish momentum. With high-impact news today, I expect the market to continue moving sideways, then potentially move downwards after retesting the range zone. If the EURUSD fails to breach the resistance zone around 1.08100-1.08200, we can anticipate a rebound from this level. My goal is the support level of around 1.07480
Traders, if yTraders, if you liked this idea or if you have your own opinion about it, write in the comments.
Lingrid | ETHUSDT in CONSOLIDATION phaseThe price perfectly fulfilled my previous idea. It hit the target level. BINANCE:ETHUSDT has broken out of its range zone and is now extending its upward momentum. As the market approaches the critical resistance level at $4000, it's trading slightly below this key area. A closer look at the price action reveals a double top formation, which could potentially lead to a pullback. If the price makes a fake breakout at support zone around 3550 - 3500, I believe it could set up for further upside movement. This is because the price has demonstrated strong bullish momentum, as evident from the series of higher lows and swing highs. Furthermore, the weekly timeframe shows a significant bullish candle, indicating market dominance and a strong upward trend. My goal is the resistance zone at 4000.
Traders, if yTraders, if you liked this idea or if you have your own opinion about it, write in the comments.
Lingrid | GBPUSD psychological RESISTANCE zone. Short FX:GBPUSD has reached a crucial psychological resistance zone, only to fall back from it. We've seen an impulsive movement from this level, where it's also encountered a significant resistance area. A long-tailed bar followed by a large bearish candle suggests a potential exhaustion of the upward momentum on the daily timeframe. As the market pulls back towards this resistance, I am waiting for potential fake breakout. If the trendline is breached, we may be looking at a classic head and shoulders pattern, which is a classic reversal signal. In this scenario, I expect the price to fake out above the resistance level and then roll back towards the support level and the channel border. My goal is the support level at 1.26050
Traders, if yTraders, if you liked this idea or if you have your own opinion about it, write in the comments.
Hellena | DJI (4H): Short to the support area 37616.32.Dear colleagues, having reviewed the waves I assume that now the price is in a big correction and I expect that the price will continue downward movement to the support area 37616.32 (completion of the wave “C”). Before that a small correction to the resistance area 38978.81 is possible.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Lingrid | EURUSD double TEST of the RESISTANCE. Possible SHORT The bulls' inability to break through the resistance zone resulted in a long-tailed bar on the daily chart, indicating a significant failure to push through the barrier. Despite making two attempts to breach the resistance level and move higher, FX:EURUSD instead rebounded from the zone, taking liquidity above the previous week's high. This reversal suggests that the market may be due for a downward correction. Notably, a double top pattern has formed, accompanied by a divergence in momentum indicators, which further reinforces my expectation that the price will make a strong impulsive move downward. I expect the market to break through the upward channel, triggering a potential downward trend. My goal is the support around at 1.07865
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻