Support and Resistance
BANKNIFTYBanknifty levels are based on imbalances
1. gapup 55500 long
2. 55500-55300 trade breakout
3. gapdown 55300 short
NIFTYNifty levels are based on imbalances
1. gapup 25950 long
2. 24950-24800 trade breakout
3. gapdown 24800 short
USDCAD Wave Analysis – 23 May 2025
- USDCAD reversed from strong resistance area
- Likely to fall to support level 1.3755
USDCAD currency pair recently reversed down from the strong resistance area between the round resistance level 1.4000 intersecting with the upper daily Bollinger Band and the resistance trendline of the daily down channel from March.
The downward reversal from this resistance area started the C-wave of the active ABC correction (2).
USDCAD currency pair can be expected to fall to the next support level 1.3755 (the former low from the start of May and the target for the completion of the active ABC correction (2)).
GBPUSD Wave Analysis – 23 May 2025
- GBPUSD broke multi-month resistance level 1.3430
- Likely to rise to resistance level 1.3600
GBPUSD currency pair recently broke above the key multi-month resistance level 1.3430, which stopped the previous sharp daily uptrends in September and April.
The breakout of the resistance level 1.3430 should accelerate the active impulse wave 5 from the start of May.
Given the clear daily uptrend and strongly bearish US dollar sentiment seen today, GBPUSD currency pair can be expected to rise to the next resistance level 1.3600 (the target for the completion of the active impulse wave 5).
Neutral - GLD (Short-term) & Short (Long-term)A. Short-term: NEUTRAL
Daily chart pattern: Double top
RSI: Close to 50. Needs to cross 50 to turn bullish momentum
1. Double top confirmation
- Fib 0.382 rejects at $299.85
-> Enter PUT option for PT: ~$280.5
2. Failed double top
- Pass fib 0.382 at $299.85 to gap up
-> Enter CALL option for PT1: ~$303
PT2: ~306.5
B.Long-term: PUT
Overall long-term opinion: LEAP PUT for GLD with expiration date more than 1 year. PT: ~200
#SUIUSDT #1D (Bitget Futures) Rising wedge near breakdownSui got drained from Cetus LP and is about to print a spinning top candle on daily.
A retracement down towards 100EMA / descending trendline support seems likely.
⚡️⚡️ #SUI/USDT ⚡️⚡️
Exchanges: Bitget Futures
Signal Type: Regular (Short)
Leverage: Isolated (4.0X)
Amount: 4.8%
Current Price:
3.9642
Entry Zone:
3.9947 - 4.2035
Take-Profit Targets:
1) 3.5901
1) 3.2068
1) 2.8235
Stop Targets:
1) 4.5250
Published By: @Zblaba
CRYPTOCAP:SUI BITGET:SUIUSDT.P #1D #SuiNetwork #L2 sui.io
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +49.7% | +87.1% | +124.5%
Possible Loss= -41.6%
Estimated Gaintime= 1-2 months
Watch gold on the 4 hour time frameI charted gold on the 4 hour time frame. It's following a trendline upwards and just hit resistance. Watching to see which way it moves.
$QQQ to $538 then one more leg down?Despite the bearish move in QQQ today, I still think there's another move higher.
I think it's likely that we go and retest the ATHs at $538 (so another 5% or so up) and then we find resistance there and start one last move down to $318-$383.
Only after we see another leg down, do we see new highs. Marked off support levels to the downside.
Invalidation of the idea would be flipping $538 as support.
Trump triggers risk aversion, how to position gold?🗞News side:
1. Trump plans to impose a 50% tariff on the EU
2. Houthi armed forces strike Israel again
3. Pay attention to the impact of the US dollar trend on gold
📈Technical aspects:
Trump is "crazy?" He suggested to impose a 50% tariff on the EU directly from June 1, and threatened to impose a 25% tariff on iPhones not produced locally. This news caused the euro, European stocks, and iPhone stock prices to plummet. At present, the gold price is consolidating between 3350 and 3360. For the US market, it is necessary to prevent a wash, but the short-term increase has been too large. If there is a rapid adjustment, the amplitude will also be large. Therefore, the US market is stuck in the range operation. Pay attention to the support of 3335-3325 below. If it continues to rise, pay attention to the resistance range of 3375-3385.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
OANDA:XAUUSD FX:XAUUSD TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD
price action has been steadily climbing, indicating that bulls!GBP/USD Technical Analysi s – Bullish Momentum Building
The GBP/USD pair is currently showing signs of bullish strength, having recently rebounded from a 1-hour Bullish Fair Value Gap (FVG), which has acted as a strong support zone. This technical reaction suggests increased buying interest and provides a short-term bullish bias in the market.
Following the rejection from the FVG, price action has been steadily climbing, indicating that bulls are gaining control. Market structure on the 1-hour timeframe remains intact with higher highs and higher lows, further supporting the bullish narrative. Additionally, volume analysis and momentum indicators are beginning to align with the current upward move, suggesting that there may be room for continuation.
However, to confirm sustained bullish momentum, it is essential to monitor key resistance levels ahead. The next immediate resistance lies near , which has historically acted as a decision point for the market. A clean breakout and close above this level on increased volume would serve as strong confirmation for a further upside move, potentially targeting .
Conversely, traders should remain cautious of any signs of weakness or bearish divergence forming near resistance areas. Should the pair fail to break higher and instead reverse, a revisit of the bullish FVG could occur, potentially offering another entry opportunity for buyers.
In summary, the GBP/USD pair is displaying bullish intent in the short term, but confirmation from higher timeframes and key levels will be critical before committing to a directional bias. Maintain a balanced outlook and adapt to the evolving price action.
KOG - US30Quick update on this as it's looking like it's stretching out early buyers and has caught some at the top.
We've added the red boxes to this and we're keeping a close eye on that lower one around 41400-500 as long as 42000 holds us down. If we get it we get it, but it needs to go straight down before going up.
As always, trade safe.
KOG
Expedia May Be Traveling SouthExpedia started rallying last summer, but now some traders may think the travel stock is turning lower.
The first pattern on today’s chart is the drop between late February and early April. EXPE retraced about half that decline by early May before stalling. It also hit potential resistance at the March 28 weekly closing price of $168.10. Those points may confirm a new downtrend has begun.
Second, the recent bounce could be interpreted as a bearish flag.
Third, the 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA early last week. That could also be consistent with a new downtrend.
Short-term signals are potentially negative as well. MACD just turned lower and the 8-day exponential moving average (EMA) is nearing a potential cross below the 21-day EMA.
Finally, you have the behavior around earnings. Quarterly results propelled EXPE higher in August, November and February. The last set of numbers on May 8 triggered selling. Are fundamentals weakening?
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KDA - to the moon?Huge upside potential @ 4,600% to ATH (ignoring the "random" wick May 2021) vs -80% to ATH
Next leg down would be:
$0.24 (also the 786 fibbonachi)
Followed by the ATL @ $0.126
I think anything between current price - ATL is a good spot buy.
TP1 @ $28.00
TP2 @ $81.00
It would be interesting to see if the "random" wick is actually forecasting the end price for Kadena - it's worth a try 🤷♂️ ride price in the latter part of Q4 and see what happens.
2 x attempts to break out of downtrend.
Bullish div on weekly RSI
#GOLD Friday May 23, 2025Reasons for entering the trade:
1- Confluence of static resistance and the channel top
2- Bermuda Kumo
3- Divergence in MACD and RSI
Entry: 3370
TP: 3295
SL: 3395
$3350 would indicate short-term strengthGold Price Analysis – Technical Outlook
Gold is currently approaching a critical resistance level around 3350. If the price manages to break and close above this level on the 15-minute chart, it could signal the continuation of the bullish trend. A confirmed 15-minute candle close above 3350 would indicate short-term strength and increased buying pressure.
To strengthen this bullish bias, we are also watching for a Break of Structure (BOS) on the 1-hour timeframe. A BOS would suggest a shift in market structure, potentially transitioning from a consolidation or retracement phase into a new impulsive leg to the upside.
If both conditions – the 15M candle close above 3350 and a 1H BOS – are met, the next immediate target would be 3370. Depending on how the price action unfolds beyond that point, and supported by additional confirmations such as volume, momentum indicators, or price patterns, there could be further upside potential.
As always, ensure you apply risk management and conduct your own thorough analysis before making any trading decisions.
Disclaimer: This is not financial advice. Please do your own research (DYOR).
ETH — Bull Flag or Trap? Trade Plan with TargetsETH is setting the stage for its next major move — and the chart is packed with clues.
After completing Wave 3 at $2738.50, ETH has entered a corrective phase, forming what looks like a bullish flag. But beneath the surface, smart money levels are aligning: VWAP, Fibs, key levels, and liquidity traps are all converging around one high-probability zone.
This analysis breaks down both the long and short setups, backed by real confluence and clean R:R opportunities. Whether you’re planning to snipe the reversal near support or fade the rally at resistance, you’ll walk away with a clear trade plan and deeper insight into how price reacts at precision levels.
Let’s get into it.
🟢 Bullish Scenario: Long Setup with Deep Confluence
After a fakeout pump into the golden pocket of this minor downtrend (typical for a Sunday), ETH rejected cleanly at the upper resistance of the bull flag channel.
We're now watching for the swing low at $2406.63 to be swept, setting up a potential SFP (Swing Failure Pattern) at a highly confluent support zone:
🔍 Confluence at the $2390–$2360 Zone:
Anchored VWAP from the Wave 3 origin at $1752 is sitting at $2390
Trend-Based Fib Extension 1:1 of the correction lands at $2386.84
Liquidity pool just under the recent swing low
0.382 Fib retracement of the entire Wave 3 at $2361.66
0.618 Fib Speed Resistance Fan intersects this zone
Lower bull flag support line also aligns
This makes the $2390–$2362 zone a high-probability bounce area.
📌 Plan:
Laddered long entries between $2390–$2362, watching closely for a clean SFP or reversal signal.
Target 1: $3000 psychological level
Target 2: 0.618 Fib retracement at $3067.71 (potential Wave 5 top)
Stop-loss: Below previous yearly open (can be tightened after confirmation)
R:R: 1:5 or better after SL adjustment
🔴 Bearish Scenario: Short Setup at Key Rejection Zone
If ETH makes a move up to complete the 5th wave, we monitor $3067.71 — the 0.618 retracement of the entire corrective leg — as a key resistance.
If price rejects here with momentum loss or bearish structure:
📌 Plan:
Short on confirmed rejection of $3067.71
Stop-loss: Above $3211 (above 0.666 Fib)
Target: Previous high near $2700 or lower
R:R: 1:2 or better depending on entry and structure
🧠 Educational Insight: Why Confluence Increases Probability
Many traders chase setups based on single indicators. Real edge comes from stacking independent tools: VWAPs, Fibs, FVGs etc... When they align, the setup isn’t random — it’s high conviction.
This strategy gives you a framework to anticipate where price is likely to move and why, rather than reacting emotionally.
Patience and preparation will always outperform panic and reaction. Trade the plan — not the impulse.
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NEAR’s Pullback Zone Found — Is $4 Next?NEAR just pulled off a +50% rally from the 0.618 Fibonacci retracement at $2.224 — a strong show of force from the bulls. After that explosive move, price is now cooling off in a consolidation phase, preparing for the next leg higher.
🟢 Long Setup — Dip Before Lift?
The next high-probability long zone lies between:
$3.026 – $2.94
Possible but less likely of a deeper dip to $2.78 (0.5 Fib of the recent move)
Long entries can be laddered between $3.00 and $2.90 (even $2.80 if volatility kicks in).
Stop-Loss: Below the daily 21 EMA ($2.7344) and 21 SMA ($2.6739)
Target: $4.00
R:R: ~4:1 — clean and structured
This setup aligns with standard continuation behaviour after strong impulses — consolidation, retrace, and resume.
🔴 Short Setup (on Rejection at $4.00)
Entry: ~$4.00
Stop-Loss: Above $4.25
Target: Yearly open (~$3.65)
R:R: ~1.5:1 — not ideal, but valid on confirmation
🎯 Summary
NEAR is consolidating after a strong move — either ready to continue higher or retest deeper into Fib support
Long zone: $3.00–$2.90 (poss. $2.80)
Short zone: $4.00 (on rejection only)
Simple structure, clean risk, and nothing forced — exactly how it should be.
Sometimes, less is more. Let price show the next move. Stay ready. 📈
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ADA Correction Nearing Completion — Trade It Like a ProADA is respecting structure beautifully and currently consolidating after completing a 5-wave impulse move. The key question now is: where are the next high-probability trade setups?
Let’s break it down step by step.
Market Structure & Elliott Context
ADA has completed a full 5-wave bullish sequence, and—as expected—is now in a correction phase. This appears to be forming a classic ABC correction.
Using the Fibonacci retracement tool:
0.5 retracement of the entire move sits at → $0.7534
This aligns perfectly with the previous swing high at $0.746 — a level that has yet to be retested
The 1:1 trend-based Fib extension of a potential ABC correction puts Wave C at → $0.7492
Confluence Check:
This entire support zone (~$0.75) is stacked with technical alignment:
✅ Previous swing high: $0.746
✅ 0.5 Fib retracement: $0.7534
✅ 1:1 extension: $0.7492
✅ Daily 21 EMA: $0.7455
✅ Daily 21 SMA: $0.7347
✅ Point of Control (POC): ~$0.7318
✅ Anchored VWAP: Also sitting in this zone
✅ Pitchfork golden pocket: Aligns as dynamic support
All of these support indicators point to one thing: this ~$0.75 zone is a high-probability long entry area.
🟢 Long Setup
Entry zone: Ladder between $0.77 – $0.75
Average entry: ~$0.76
Stop-loss: Below $0.7318 (under POC)
Target: $0.9212 (0.618 retracement of the recent down wave)
R:R: ~5:1
Potential upside: +22%
🔴 Short Setup (on Rejection Only)
Entry: $0.9212 (0.618 Fib retracement of downtrend)
Stop-loss: Above 0.666 Fib → ~$0.958
Target: previous swing high or yearly open
R:R: ~1.4:1 (it can be adjusted tighter upon confirmation)
This short setup isn’t ideal in terms of R:R unless we see clear rejection. But with confirmation — like an SFP, bearish engulfing, or divergence — the stop can be tightened, making the risk-to-reward much more favourable.
📘 Educational Insight: Why Structure Beats Emotion
In trading, the strongest setups occur where multiple tools converge—Fib levels, EMAs, VWAP, volume zones, and past price action. When these align, it’s not about guessing—it’s about preparing.
The key is to wait for structure to come to you, not the other way around. Patience allows clarity. Clarity allows precision. And precision pays.
💡 Final Thoughts
The plan is clear. Levels are set. Now it’s just observation and discipline.
Good trades don’t chase attention — they present themselves to those who wait.
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Nvidia Stock 5-Day Consolidation Breakout - Uptrend or Pullback?Trade Duration: Intraday
Trade Type: Breakout
- Nvidia is currently consolidating tightly between $132 and $136, forming a narrow range that reflects a balance between buyers and sellers unwilling to relinquish control. This range-bound action signals indecision, but it won’t last indefinitely.
- Typically, the longer the consolidation, the more significant the subsequent move. As new participants enter the market, a breakout—whether upward or downward—can trigger a powerful surge.
- This move is often amplified by breakout buyers joining in and stop-loss orders of trapped traders being triggered, creating an ideal setup for an intraday breakout trade.
- I plan to initiate either a buy or sell position depending on the breakout direction, capitalizing on the momentum generated by this tight consolidation phase.
Upside Targets : 138$ and 141$
Downside Targets : 128$ and 126$
3330 is in stalemate 3335 is the key to long and short positions🗞News side:
1. PMI and initial jobless claims data
2. Geopolitical situation
3. Progress of the G7 meeting
📈Technical aspects:
Currently, the gold price is caught in a fierce battle between bulls and bears at the 3330 level. From a technical point of view, gold is still in the weekly level adjustment and no clear unilateral trend has emerged. Recently, there has been frequent changes in long and short positions, and the rise and fall of prices depends on the impact of news on the market. Even if gold experiences a correction at present, it is likely to be only a small range. Therefore, in the short term, attention should be paid to the resistance line of 3330-3335. If it breaks through, it is expected to look towards yesterday's high of 3345. If it encounters resistance and pressure at 3330-3335, it may retreat to 3310-3300 in the short term for correction. The upper strong pressure is still at 3350-3360, and the lower support of 3300-3290 is still strong. There is no good entry trading opportunity at present, so brothers should wait patiently.
If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices.
FOREXCOM:XAUUSD FXOPEN:XAUUSD TVC:GOLD FX:XAUUSD OANDA:XAUUSD
XRP Correction Complete? — Long Setup Aligned with Fib & OBXRP has completed a 5-wave impulse move. As expected, XRP is now in a corrective phase, pulling back after rejecting from a key resistance — and it’s doing so with technical precision.
The question now: where is the next high-probability long setup? Let’s break it down.
🧠 Market Structure & Key Zones
Using Fibonacci retracement from the base of the 5-wave impulse, we now have a potential golden pocket target aligned with major confluence.
🔽 Support Zone
🔹 0.618 Fib retracement: $2.2982
🔹 Daily Bullish Order Block: $2.2949
🔹 Daily 21 EMA: $2.329
🔹 Daily 21 SMA: $2.301
🔹 Liquidity pool
🔹 0.786 Fib Speed Fan (only if price drops between May 17–18)
This creates a high-confluence support cluster at ~$2.3 — a prime candidate for a long re-entry.
🟢 Long Trade Setup
Entry: Ladder between $2.32 and $2.28
Stop-loss: ~$2.21
Target: $2.7175 (0.618 Fib retracement of the corrective downtrend)
R:R: ~5:1
🔴 Short Setup (Conditional)
Trigger: Rejection at $2.7175
Entry: ~$2.7175
Stop-loss: Above $2.8033 (0.666 Fib) → set at ~$2.811
Take Profit: ~$2.56 or lower
R:R: ~2:1+ (dependent on entry confirmation and PA behaviour)
Shorts only valid if a clear rejection or SFP pattern emerges. If momentum is strong, this level may break — so wait for structure to confirm.
📘 Educational Insight: Why Confluence Matters
Too often, traders chase single-indicator signals. But real edge comes from confluence — when multiple tools (Fibs, MAs, Order Blocks, Liquidity, VWAPs, FVG, Speed Fans etc.) agree on the same zone. This alignment not only increases confidence in your entry, but also sharpens your risk management.
Think of it as building a case — the more aligned evidence you have, the stronger your trade thesis becomes.
📌 Summary
XRP is in a corrective phase after a 5-wave impulse
Clean rejection from weekly resistance → continuation of bearish trend
Long zone: ~$2.3
SL: ~$2.21 | TP: $2.7175 | R:R ~5:1
Optional short: $2.7175 rejection → SL $2.811 | TP $2.56
Precision isn’t about predicting — it’s about being ready when the chart speaks with clarity. Patience makes probability powerful.
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Gold's rise is blocked and there is still a lot of room below
💡Message Strategy
The price of gold rose first and then fell during the day. The market entered the stage of rebound and shock in the US market. At the same time, the fundamentals of the US House of Representatives narrowly passed the Trump tax cut bill, and the debt problem caused concerns. On May 22, 2025, the US House of Representatives passed Trump's tax cut and spending bill by a narrow margin of 215 votes to 214 votes. The bill will significantly increase US debt.
The bill will extend corporate and personal tax breaks passed in 2017, cancel many green energy incentives of the Biden administration, and tighten health and food program qualifications for low-income people. According to estimates by the Congressional Budget Office, the bill will increase US debt by about $3.8 trillion over the next decade. The US debt has now reached 124% of GDP.
📊Technical aspects
Through the daily hourly trend analysis, the upward momentum of gold has declined, reaching a maximum of around $3,350, and still cannot break through the upward resistance pressure.
Just as we said before, if gold cannot break through the upward pressure position, then there is a lot of room below, and the current idea is still to short at high levels. There have been two opportunities for high-level pullbacks. Next, it will be difficult for gold to break through the upward pressure of $3,320.
Then the operation idea is very easy. If it pulls back to around $3,320, then we can directly short at high levels
Trend: Correction trend
Support: around 3,250.00
Resistance: around 3,320.50
💰 Strategy Package
Short Position：3315-3320，3345-3350
