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Support and Resistance

GOLD → Shaking. Going into flat. What's next?FX:XAUUSD is moving from a local bullish trend to a flat state. Bulls are still protecting strong risk zones. What to expect from the metal next? Investors are returning to safe-haven assets due to uncertainty over Trump's tariffs and weak U.S. economic data. Gold pulled back from a record $2,956 on Tuesday on profit taking and due to a drop in Chinese imports. However, a weak U.S. consumer confidence index helped the price recover. Gold's rise is being held back by a strengthening dollar and bond yields, but trade war fears are supporting demand for the metal Resistance levels: 2921, 2929, 2942 Support levels: 2905, 2888 Thus, we are forming a flat (sideways range). There is a possibility for a decline, for example, to retest the support 2905 - 2888 before further growth. Or growth and breakdown of resistance. If the bulls can enter the 2921-2929 zone and keep the defense above this zone, the metal may return to growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
7
Learn How to Trade Cup and Handle Pattern on Forex & Gold If you are studying a price action, you should definitely know how to identify and trade Cup and Handle pattern formation. Being applied properly, it can generate big profits. In this educational article, I will teach you how to identify this pattern. We will discuss its psychology and I will share with you 2 trading strategies. 📏And let's start with the structure of the pattern. The pattern has 3 important elements: Cup - long-term correctional movement that tends to move steadily from a bearish trend to a bullish trend. Handle - short-term correctional movement with signs of bullish strength. Neckline - upper horizontal boundary of the pattern - a strong resistance that the price constantly respects. ⚠️Being formed, it warns you about a highly probable coming bullish movement. The trigger that confirms the initiation of a bullish wave is a breakout of the neckline of the pattern and a candle close above. Here is the example of a completed C&H with a confirmed neckline breakout, indicating a highly probably coming bullish movement. Depending on the preceding price action, Cup & Handle Pattern can either be a trend-following or reversal pattern. 📉If the pattern is formed after a bearish impulse. It is considered to be a reversal pattern. Here is the example of a reversal C&H that I spotted on EURUSD. 📈If the pattern is formed at the top of a bullish impulse , it is considered to be a trend following pattern. Here is the example of a trend following C&H that I spotted on GBPJPY. The thing is that while the price forms the C&H, buying volumes are accumulating. Even though, buyers are hesitant and reluctant initially, their confidence grows, and the accumulation leads to explosive neckline breakout. There are 2 strategies to trade this pattern. ✔️ Strategy 1. That approach is quite risky , but the reward can be quite substantial. You should monitor the price action when the price is creating a handle. Occasionally, the price starts trading in a falling channel: parallel or contracting one. Your trigger will be a bullish breakout of its resistance and a candle close above. Once the violation is confirmed, you can buy aggressively or set a buy limit order on a retest. Stop loss will lie below the lows of the channel. Target will be the closest key resistance. Here is the example of the handle being a falling channel. ✔️ Strategy 2. Wait for a breakout of a neckline of the pattern. Once a candle closes above that, it will confirm the violation. Buy the market aggressively or set a buy limit on a retest of a broken neckline then. Stop loss will lie below the lows of the handle. Target will be the closest key resistance. Here is the example of the trade based on a confirmed breakout of a neckline of C&P on NASDAQ Index. Applied properly, the strategies may reach up to 70% win rate. As always, the best pattern will be the one that forms on a key level. Try it, test it, and good luck in your trading journey. ❤️Please, support my work with like, thank you!❤️
FX:XAUUSDEducation
by VasilyTrader
1
S&P 500 Will Correct to Pivot 6010 and THEN!S&P 500 (SPX500) Analysis – February 26, 2025 The S&P 500 remains in a bearish structure, trading below the pivot zone (6010-6031), which previously acted as support but has now turned into a resistance level. The price is currently attempting a correction toward 6010, but unless it stabilizes above this level, the bearish trend is expected to resume. Technical Outlook: 🔻 Bearish Scenario: As long as SPX500 remains below 6010, downward momentum is likely to persist, targeting 5966 as the next support level. A 4H or 1H candle close below 5966 will further confirm a decline toward 5920 as the next bearish target. 🔹 Bullish Reversal: A sustained move above 6010 could indicate a shift in momentum, with potential upside targets at 6069 and 6102. 🔄 Correction Phase: The price is currently attempting to retest the pivot line (6010) from 5979 before confirming the next trend direction. ⚠️ Market Impact: The market remains highly volatile due to concerns over U.S. tariff policies, impacting investor sentiment. Growing geopolitical tensions and trade restrictions are adding pressure on equities, reinforcing the bearish outlook. Key Levels to Watch: 🔸 Resistance: 6010 | 6031 | 6069 🔹 Pivot Zone: 5979 🔻 Support: 5966 | 5920 | 5879 📉 Directional Bias: Bearish below 6010 – A confirmed breakdown below 5971 would strengthen downside momentum.
OANDA:SPX500USDLong
by SroshMayi
2
EURUSD → Pre-break consolidation against 1.053FX:EURUSD continues to form bullish hints for a possible continuation of growth. There is strong resistance ahead and the market is forming a pre-breakdown consolidation The dollar continues its correction amid economic data, the country's politics and hints from Trump and Powell of a possible rate cut soon. The euro is benefiting from the dollar's decline, but how long will it last, especially amid the tariff war between the U.S. and Europe? Technically, at the moment, the chart indicates a bullish outlook. Within the local uptrend, an ascending triangle is forming, which generally indicates bullish interest in the market. The focus is on the pattern base - resistance at 1.053. Support levels: 1.045, 1.040 Resistance levels: 1.053 If the dollar continues its downward course, the currency pair has all chances to grow. A retest of the trend support (false breakout) before the resistance breakout is possible. Breakout and consolidation of the price above 1.053 may provoke growth. Regards R. Linda!
Long
by RLinda
2
Is Ethereum Ready to Bounce from the Channel Low? The BINANCE:ETHUSDT BITSTAMP:ETHUSD chart shows Ethereum trading near the lower boundary of the ascending parallel channel, with the $2,200 level serving as a key support zone. This area is particularly significant as it aligns with previous resistance turned support, making it an attractive entry point for long-term buyers. Historically, ETH has respected this lower channel trendline, bouncing off it on multiple occasions. The current price action suggests that the pattern remains intact, reinforcing the possibility of another upward move from this region. If the price holds and momentum builds, projecting the width of the current consolidation channel gives an estimated upside target near the $6,300 level. This aligns with the channel’s upper boundary and represents a potential long-term target should the bullish scenario unfold. 👨🏻‍💻💭 What’s your plan? Will ETH hold $2,200 and climb toward $6,300, or is more consolidation ahead? Share your thoughts and let’s discuss potential strategies! __ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
Long
by 3Commas
1
USDT.D - The dominance of real moneyThe dominance of the dollar over cryptocurrencies is a real indicator of the growth status of ETH! The last wave of correction and decline is happening now! Pay attention to the accumulation zone before the Bitcoin price drops/inflates. Money is being transferred to BTC=>ETH=>ALT=>USDT=>BTC and so on in a circle, during the active participation phase of DOU, money is being transferred to ETH and beyond, so be vigilant In addition, I would like to draw your attention to the BTC.D indicator.
CRYPTOCAP:USDT.D
by SHARK1318
US30 Struggles Below Pivot as Tariff Risks LoomUS30 Analysis & Market Impact – February 26, 2025 📉 Bearish Momentum Continues Below Pivot Zone US30 remains in a bearish phase after failing to reclaim the pivot zone (43,763 - 44,404). The price is struggling to gain upward traction, indicating that the bearish trend remains dominant. 🔍 Technical Outlook: 🔻 Bearish Scenario: If US30 continues to stabilize below 43,763, the next target will be 43,212 as the first support level. A break and 4H candle close below 43,212 will further extend the downside toward 42,769 and 42,588. 🔹 Bullish Recovery: For buyers to regain control, US30 must close a 4H candle above 43,763, pushing the price back into the pivot range. A sustained move above 44,404 would shift momentum towards 44,756. 🌍 Market Sentiment & Trade Impact: Investor sentiment remains fragile following Trump’s tariff announcement on Mexico and Canada, which has increased downside pressure on US indices. Trade tensions are sparking concerns about rising costs for US businesses, leading to higher volatility and potential downside risks for US30, SPX500, and NAS100. Safe-haven assets like Gold (XAUUSD) could see increased demand if risk-off sentiment prevails. 📌 Key Levels to Watch: Resistance: 43900| 44200 | 44404 Pivot: 43763 Support: 43590| 43,212 | 42770 ⚠️ Directional Bias: Bearish as long as US30 remains below 43,763. A break below 43,212 would accelerate downside momentum. However, geopolitical factors and market reaction to tariffs could increase volatility.
OANDA:US30USDShort
by SroshMayi
NZDUSD at Key Support - Bullish Continuation SetupOANDA:NZDUSD has broken above a key resistance zone, which has now flipped to support, aligning with a potential bullish continuation. The recent retest of this level held successfully, indicating strong buyer interest and reinforcing the bullish outlook. After making a new high, price has now pulled back for another retest of this support zone, presenting a potential continuation setup. If buyers step in at this level, the price could resume its upward momentum toward 0.57610 as the next key target. A strong rejection from this zone would further confirm bullish strength. However, a deeper breakdown below the support area could indicate a shift in momentum. Monitoring price action for bullish confirmation will be key before entering long positions. What’s your outlook on this setup? Let me know your thoughts!
Long
by DanieIM
1
PALLADIUM at Key Support Level – Rebound Toward 956$?OANDA:XPDUSD has reached a significant support zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key demand zone, indicating the potential for a pullback if buyers regain control. The current market structure suggests that if the price confirms a rejection from this support zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 956.000 level, which represents a logical target within the current market structure. This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
OANDA:XPDUSDLong
by DanieIM
6
Trading Signals for BITCOIN buy above $89,421Bitcoin price hit low last seen since early February around $90,929. After this drop, we see a technical rebound. it will likely reach the 2.8 Murray area located at 93,750 in the next few hours and it could even reach 3/8 Murray around 96,875. On the 1H chart, we can see that Bitcoin has reached the bottom of the bearish trend channel forming since the end of January. If the BTC price consolidates above $91,000, we could expect that it will reach the $97,000 zone around 200 EMA in he next few days. On the contrary, if the Bitcoin price falls below the low of February 25 or below 1/8 of Murray, the outlook could be negative and e would be entering a bearish phase. Thus. the crypto could reach $85,080 in the short term. We could buy BTC/USD above $89,421 in the next few hours with targets at 93,750 and 96,875. A stop loss could be located below $88,206 since below this area, Bitcoin could accelerate its bearish movement.
COINBASE:BTCUSDLong
by CEO-PREMIUM-ANALYSIS
2
AUDJPY at Key Support Level – Potential Rebound to 95.900OANDA:AUDJPY has reached a significant demand zone, where past price action shows strong buying interest. This area has historically acted as a key support, increasing the likelihood of a bullish reaction if buyers re-enter the market. If the support holds, a bullish reversal could push the pair toward 95.900, a logical target based on previous price behavior and market structure. Confirmation signals to watch for include bullish engulfing candles, long lower wicks, or increased buying volume, which would strengthen the case for an upside move. However, if the price breaches this zone and sustains below it, the bullish outlook may be invalidated, increasing the likelihood of further downside. Monitoring candlestick patterns and volume at this critical level is crucial for identifying potential trade opportunities. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Long
by TrendDiva
5
Bitcoin at a Crucial Level: $89,000 or $69,000 Next The BITSTAMP:BTCUSD BINANCE:BTCUSDT chart is approaching a pivotal moment with the monthly candle nearing its close. If the price closes below the critical $89,000 level—the previous low that led to the all-time high (ATH)—it could trigger a drop toward the next major support at $69,000. This level holds significant importance, not only for its historical role as a key pivot but also as an optimal entry point for long-term positions. Historically, Bitcoin has shown a tendency to retrace back to the trendline, and the current structure suggests this pattern may repeat. A bounce from the $69,000 zone could present an attractive long-term buying opportunity. Traders may look for either an immediate reaction at this level or wait for confirmation by breaking the next swing high after the rebound. Despite the short-term risks, the monthly EMA ribbon remains bullish, with the price holding above it, reinforcing the long-term uptrend. If the bullish scenario plays out, the next significant target is projected at $128,000, derived from the Fibonacci extension of the previous bullish cycle. This level aligns with the long-term upward trajectory and could be the next destination if Bitcoin regains momentum. 👨🏻‍💻💭 What’s your game plan? Will BTC hold above $89,000 and target $128,000, or are we heading for a retest of $69,000 before the next leg up? Share your thoughts below and let’s discuss! __ The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
BITSTAMP:BTCUSD
by 3Commas
EURSEK at Major Support Level – Bullish Rebound ExpectedOANDA:EURSEK is approaching a key demand zone, which has historically acted as strong support. The recent sharp decline has brought the price back into this area, increasing the likelihood of a potential bullish reaction. If buyers step in and confirm support within this zone, we could see a rebound toward the 11.25000 level, aligning with a corrective move after the recent sell-off. However, failure to hold this support could signal further downside continuation. Traders should watch for bullish confirmation signals, such as rejection wicks, bullish engulfing patterns, or increased buying volume, before considering long positions.
Long
by DanieIM
3
QQQ Trendline Analysis – Key Support Levels & Breakout PotentialIn this analysis, I break down the QQQ trendlines, highlighting a key trendline that dates back to the end of 2022’s market downturn. This level has acted as a strong support zone, with price currently testing key levels around $511, with additional support near $500 and $485. 📊 Key Takeaways: ✔️ Current Trendline Support – Price is respecting major trend levels. ✔️ Potential Breakout Setup – The market is forming a flag pattern, signaling a possible upward continuation. ✔️ Critical Levels to Watch – If support holds, QQQ could bounce back toward all-time highs. ✔️ Risk Factors – @Nvidia earnings, @FederalReserve policy, tariffs, and geopolitical events could act as catalysts for a major move. 🔍 Main Focus: The key trendline break will be the deciding factor for the next big move. A break above resistance could signal a rally, while a failure may lead to further downside. What are your thoughts on this setup? Drop your analysis in the comments! 📢📉🚀 #QQQ #Nasdaq100 #StockMarket #TechnicalAnalysis #Trendlines #Trading #OptionsTrading #Breakout #SupportResistance #Fed #NvidiaEarnings Transcript for Hearing Impaired: “All right, so you see the current trend lines for QQQ. This one dates all the way back to, I think it was 2018. Lemme just switch the chart here so we can see the whole thing. Sorry, it was 2023. So basically the end of the down year of 2022. So that kind of marked the bottom and trend line break. If I hit it with another trend line here, you’ll see that right there, something like that. So that’s where we broke. That was the bottom there and up it went right until now. But we really, if you look, we’ve got support at these levels right in here. So we’ve really got some support. Lemme just switch the view here so it’s a little more clear. We’ve got some support right where it’s at. So if you look at this right here, something like that, you’ve got support here, so like five 11. And it’s also right on this trend line here. And I think we could see a balance here. So that’s a ghost feed here, just showing possibility, falling into this ascending wedge here and almost like a flag pattern. And could, yeah, it’s a flag, sorry, not an ascending wedge, and could bounce out of it here, bounce around and go out and run back up to all-time highs or whatever it’s going to do. If we drop more than I think we could see it come down to this level, which again, it’s pretty much right on trend line is going to be like 500 ish. And then this one down here is going to be something like 4 85 ish. And in all cases, it starts to get trapped out by these lines. So until something breaks, this is really the big one that I’ve got my eye on right now. Make that a little bit of a thicker line. So I think that until it breaks this, which I mean, we’re getting a nice little green bar here that’s coming back up to it. Who knows, maybe it drops a little more, comes back out. But I don’t know. We’ve got Nvidia earnings coming up, we’ve got a Fed coming up, we’ve got tariffs, we’ve got so many things, a Russia-Ukraine deal possibly on the table. So who knows what kind of catalyst or well, what kind of catalyst we’ll have one way or the other, right? So I would say, depending on what happens with those events over the next couple 24 hours for Nvidia and couple weeks probably for the rest of it, I think we’ll find ourselves somewhere in here. Then we’ll break trend and we’ll bounce and do something from there. And so really the main thing I’m looking for is the break of this trend line right here, which we’re going to break eventually because it’s such a sharp line. But then ultimately to give me the green light again, I’m looking for that trend line to be broken, which comes right off the top here.”
NASDAQ:QQQShort
by TradeSniper_com
1
USD/JPY Market Analysis – 1H Timeframe📉 USD/JPY Market Analysis – 1H Timeframe 📊 Current Price: 149.563 🔍 Market Structure: Bullish Bias 📌 Key Levels: 🟢 Demand Zones (Support): 148.715-149.603 📈 Entry Plan – Long Setup 🔹 Buy Zone: 148.715-149.603 (Fib 0.618 - 0.786) 🎯 Target: 150.727 ⚠️ Key Observations: • BOS confirms bullish momentum. • Fair Value Gaps (FVG) align with support zones. • Break below 148.715 may lead to a liquidity grab before reversal. #FXFOREVER #USDJPY #SmartMoney #SMC #Liquidity #OrderBlock #Forex #Trading
by FXFOREVER_87