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EURUSD: Attempting to change the trendHello dear friends, Ben here! Currently, EURUSD is attempting to capture recovery due to the dollar's adjustment. The price is forming a reaction from the resistance channel consolidation before breaking out and growing further. Accordingly, after breaking through the trend channel resistance level, the price has moved into a consolidation phase around the range of 1.053 to 1.021. Within this, the price is testing the resistance level of 1.038. From this, we can argue that the market is still working to change its trend and become stronger against the dollar's adjustment. Resistance levels: 1.038, 1.053 Support levels: 1.033, 1.021 Emphasizing the resistance level of 1.038, with confirmation of consolidation above this level, there will be nothing stopping EURUSD from further growth. Best regards, Bentradegold!
Long
by Bentradegold
Weekly Market Outlook: February 18 – 21, 2025🔮 🌍 Market-Moving News: 🇺🇸📈 U.S. Tariffs Implementation: President Donald Trump has signed executive orders imposing a 25% tariff on imports from Canada and Mexico, and a 10% tariff on imports from China. These tariffs are set to take effect on Tuesday, February 18, 2025. 🇷🇺🇺🇸 Diplomatic Talks: Senior U.S. and Russian officials are scheduled to meet in Riyadh, Saudi Arabia, on February 18 to discuss the ongoing conflict in Ukraine and explore potential resolutions. 🇩🇪🗳️ German Snap Election: Germany is set to hold a snap election this week, with the far-right Alternative for Germany (AfD) expected to perform well, potentially influencing European markets. 📊 Key Data Releases: Tuesday, Feb 18: 🇺🇸🏭 NY Empire State Manufacturing Index (8:30 AM ET): Measures manufacturing activity in New York State. 🇺🇸🗣️ U.S. President Trump Speech (3:00 PM ET): Insights into potential policy directions and economic outlook. Wednesday, Feb 19: 🇺🇸🏠 Housing Starts (8:30 AM ET): Data on new residential construction projects. 🇺🇸📄 FOMC Meeting Minutes (2:00 PM ET): Detailed insights into the Federal Reserve's policy discussions from the January meeting. Thursday, Feb 20: 🇺🇸📉 Initial Jobless Claims (8:30 AM ET): Weekly data on unemployment claims. 🇺🇸🏭 Philadelphia Fed Manufacturing Index (8:30 AM ET): Indicator of manufacturing sector health in the Philadelphia region. Friday, Feb 21: 🇺🇸🏭 S&P Global Flash Manufacturing PMI (9:45 AM ET): Preliminary data on manufacturing sector performance. 🇺🇸🏠 Existing Home Sales (10:00 AM ET): Reports on the number of previously owned homes sold. 📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
AMEX:SPYShort
by PogChan
TradeCityPro | JUPUSDT Is Solana the best dex?👋 Welcome to TradeCityPro Channel! Let's go together and analyze one of the best dexes of these days, Solana, which handles a high number of transactions and has relatively good performance, because I myself would like it to be one of the coins in my basket! 🌐 Overview Bitcoin Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together. This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames. 📊 Weekly Timeframe We don't have many candles on the weekly time frame, and the reason is that this coin is new and its dex space, but being in this range box is also quite acceptable for this coin. In the weekly box we are in, there is some sellers' pressure due to the higher selling volume, but since we are in the range box, it doesn't make much difference to us and we can take a position from whichever side it comes out. To buy again now, after the box ceiling and 1.2535 break, even if you participated in its private sale, it makes sense to cash out some of your tokens and exit, but your main exit point after the break is 0.6951 and you can cash out! 📈 Daily Timeframe On the daily time frame, we are still in the box range, but we were rejected earlier than the resistance of 1.2681 and are forming lower ceilings and are on the important support of 0.7903 What happened is that after we did not reach our main trigger spot, which was 1.2681, the events of the Trump and his wife's token launch occurred, which both increased the trading volume on these two tokens in this dex and caused fluctuations on this token that these fluctuations can be ignored! We are on the important support of 0.7903 and this support will essentially be a trigger before the main support trigger and its precursor, and we can open short positions by breaking this level. For buying, the sellers' power is currently very high and we need a change in momentum, which we will update this analysis whenever it happens! 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Short
by tradecitypro
5
#LAYERUSDT remains weak — expecting further downside!This is a quick trade designed for a fast entry and exit with profit. 📉 SHORT #LAYERUSDT from $0.6780 🛡 Stop Loss: $0.6840 ⏱ 15M Timeframe ✅ Overview: ➡️ #LAYERUSDT remains in a downtrend, trading near $0.6780, which could act as a short entry point. ➡️ POC (Point of Control) at $0.7316 confirms a high liquidity zone above the current price, indicating strong selling pressure. ➡️ The price failed to hold above the previous consolidation zone and continues downward. ➡️ If the price breaks below $0.6780, a further decline is expected, targeting lower support levels. ⚡ Plan: ➡️ Enter short upon breaking $0.6780, confirming the downward trend. ➡️ Risk management via Stop-Loss at $0.6840, protecting against a false breakout. 🎯 TP Targets: 💎 TP1: $0.6690 🚀 #LAYERUSDT remains weak—expecting further downside! 📢 #LAYERUSDT is under strong selling pressure. If the price breaks $0.6780, increased momentum may push it toward $0.6690. However, if it reclaims $0.6840, a short-term rebound could occur.
Short
by MoriartyTrading
UK100 (FTSE)-Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: 8380.25 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: A trough is formed in daily chart at 8006.10 on 12/20/2024, so more gains to resistance(s) 8833.83, 9000.00, 9100.00 and more heights is expected. Take Profits: 8664.21 8765.00 8833.83 9000.00 9100.00 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
ICMARKETS:UK100Long
by ForecastCity
28
SUSDT Key Resistance Broken – Bullish Momentum SUSDT has recently broken through a key resistance level, signaling a shift in market sentiment and the potential for a strong upward movement. Breaking past major resistance is a crucial technical event that often leads to a new phase of price action, and for sUSDT, this breakout has been accompanied by good volume, confirming the strength of the move. With strong investor interest and an expected gain of 25% to 30%+, traders are now watching closely to see how the price behaves as it continues to test new highs. The breakout above resistance sets the stage for further bullish movement, potentially attracting more buyers into the market. The breakout from the main resistance level is a key indicator that the sellers' control has been broken, and buyers are now in charge. As the price holds above this key level, it’s likely that more traders will enter, pushing the price higher. The good volume supporting the breakout further validates that this move has solid momentum, and the chances of a sustained rally are increasing. If sUSDT continues its upward trajectory, it could reach the projected gain range of 25% to 30%+, with new resistance levels providing the next potential targets. Investors are taking increasing interest in sUSDT as the price breaks above important technical levels. This shift in market sentiment is not only supported by the price action but also by the growing participation from investors who see potential for further gains. The volume confirms that this is not a false breakout, and as more traders recognize the bullish setup, the price could continue to rise steadily. With solid technical backing and a growing interest in the project, sUSDT is positioning itself as a strong candidate for higher returns in the near term. Traders should monitor key support levels to ensure that the breakout holds. If sUSDT can maintain its position above the broken resistance level, it could continue to gain momentum, offering a potential 25% to 30%+ return. As always, staying updated on broader market conditions and volume trends will help confirm the strength of the breakout. Given the current setup, sUSDT presents an exciting opportunity for traders looking to capitalize on a potential upward trend in the near future.
Long
by Alpha-GoldFX
Chart Patterns That Keep Showing Up (Are Traders Predictable?)In the grand theater of financial markets, traders often fancy themselves as rational actors, making decisions based on cold, hard data. Yet, time and again, their collective behavior etches familiar patterns onto price charts, as if choreographed by an unseen hand (the Invisible Hand?) All across the world economy , markets trade in patterns. The trick is to spot those patterns before they unfold. These recurring formations, known as chart patterns, are a testament to the predictability of human psychology in trading. Let's rediscover some of these enduring patterns, exploring why they persist and how you can leverage them. 🚿 The Head and Shoulders: More Than a Shampoo Brand Imagine a market trend as a partygoer who's had one too many. Initially, they're lively (the left shoulder), then they reach peak status of euphoria (the head), but eventually, they slump with one last “let’s go party people” (the right shoulder). This sequence forms the Head and Shoulders pattern, signaling a trend reversal from bullish to bearish. Traders spot this pattern by identifying three peaks: a central, higher peak flanked by two lower, similar-sized peaks on each side. The neckline, drawn by connecting the lows between these peaks, becomes the critical support level. A break below this line suggests the party's over, and it's time to exit or short the trading instrument. Conversely, the Inverse Head and Shoulders indicates a reversal from bearish to bullish, resembling a person doing a headstand—a strong sign the market's ready to flip. Ready to hunt down the charts for some Head and Shoulders? Try out the Head and Shoulders drawing tool . ⛰️ Double Tops and Bottoms: Déjà Vu in Trading Ever experience déjà vu? The market does too, in the form of Double Tops and Bottoms. A Double Top resembles the letter "M," where the price hits a high, retreats, and then tests that high again before declining. It's the market's way of saying, "I've been here before, and I'm not going higher." The Double Bottom, shaped like a "W," occurs when the price drops to a low, rebounds, and then retests that low before rising. It's akin to the market finding a sturdy trampoline at support levels, ready to bounce back. These patterns reflect traders' reluctance to push prices beyond established highs or lows, leading to reversals. ⚠️ Triangles: The Market's Waiting Game When traders are indecisive, prices often consolidate, forming Triangle patterns. These come in three flavors: Ascending Triangle : Characterized by a flat upper resistance line and a rising lower support line. Buyers are gaining strength, repeatedly pushing prices up to a resistance level. A breakout above this resistance suggests bullish momentum. Descending Triangle : Features a flat lower support line and a descending upper resistance line. Sellers are in control, and a break below support signals bearish continuation. Symmetrical Triangle : Both support and resistance lines converge, indicating a standoff between buyers and sellers. The eventual breakout can go either way, and traders watch closely for directional cues. Triangles epitomize the market's pause before a storm, as participants gather conviction for the next move. Feel like looking for some triangles on charts? Jump straight to our easy-to-use Triangle Pattern drawing tool . 🏁 Flags and Pennants: The Market Takes a Breather After a strong price movement, the market often needs a breather, leading to Flags and Pennants. These are short-term continuation patterns that indicate a brief consolidation before the trend resumes. Flag : Resembles a parallelogram sloping against the prevailing trend. It's like the market catching its breath before sprinting again. Pennant : Looks like a small symmetrical triangle that forms after a sharp move. Think of it as the market pitching a tent before continuing its journey. Recognizing these patterns helps traders position themselves for the next leg of the trend. 🧠 The Psychology Behind Pattern Persistence Why do these patterns keep appearing? The answer lies in human psychology. Traders, despite access to vast information, are influenced by emotions like fear and greed. This collective sentiment manifests in predictable ways, creating patterns on charts. For instance, the Head and Shoulders pattern emerges because traders, after pushing prices to a peak, become cautious. Early sellers take profits, causing a dip. A second rally (the head) attracts more participants, but if it fails to sustain, confidence wanes, leading to a sell-off. The final attempt (right shoulder) lacks conviction, and once support breaks, the downtrend ensues. Understanding the emotional drivers behind these patterns allows traders to anticipate moves and strategize accordingly. 🎯 Using Patterns to Your Advantage While recognizing patterns is valuable, it's crucial to approach them with a discerning eye: Confirmation is Key : Don't act on a pattern until it's confirmed. For example, in a Head and Shoulders, wait for a break below the neckline before taking a position. Volume Matters : Volume often validates a pattern. A genuine breakout is usually accompanied by increased trading volume, indicating strong participation. Contextual Awareness : Consider the broader market context. Patterns can yield false signals in volatile or news-driven environments. Risk Management : Always set stop-loss orders to protect against unexpected moves. Patterns suggest probabilities, not certainties. 🧬 The Evolution of Patterns in Modern Markets In today's algorithm-driven trading landscape, one might wonder if traditional chart patterns still hold relevance. Interestingly, even sophisticated trading algorithms (those used by hedge funds and investment managers) are programmed based on historical patterns and human behavior, perpetuating the cycle. Moreover, as long as markets are driven by human participants, emotions will influence decisions, and patterns will emerge. The tools may evolve, but the underlying psychology remains constant. 🤗 Conclusion: Embrace the Predictability In the volatile world of trading, chart patterns serve as a bridge between market psychology and price action. They offer insights into collective behavior, providing traders with a framework to anticipate movements. By studying these recurring formations, traders can align their strategies with market sentiment, turning the predictability of human nature into a trading edge. What’s your go-to technical analysis pattern? Are you and H&S trader or maybe you prefer to trade double tops? Share your approach in the comments!
Education
by TradingView
18
#ADAUSDT remains strong—expecting further upside!📈 LONG BYBIT:ADAUSDT.P from $0.8106 🛡 Stop Loss: $0.8066 ⏱ 15M Timeframe ✅ Overview: ➡️ BYBIT:ADAUSDT.P is trading in an accumulation zone, breaking the local resistance at $0.8106, which could act as a long entry point. ➡️ POC (Point of Control) at $0.7971 confirms strong buyer interest below the current levels. ➡️ The price maintains an upward structure, and a breakout above $0.8106 could lead to further upside. ➡️ Rising volumes confirm bullish activity and potential growth. ⚡ Plan: ➡️ Enter long above $0.8106, confirming the breakout. ➡️ Risk management via Stop-Loss at $0.8066 to protect against false breakouts. 🎯 TP Targets: 💎 TP1: $0.8138 🔥 TP2: $0.8195 ⚡ TP3: $0.8266 🚀 BYBIT:ADAUSDT.P remains strong—expecting further upside! 📢 BYBIT:ADAUSDT.P is showing a solid bullish impulse. A breakout above $0.8106 could lead to a test of $0.8138 – $0.8266. 📢 However, if the price drops below $0.8066, it may signal a return to the consolidation zone.
Long
by MoriartyTrading
Silver is still flirting with its key short-term resistance areaLooking at the current technical right now, we can see that MARKETSCOM:SILVER bulls are trying to find strong grounds to lift themselves and travel back to the current all-time high. However, certain boxes have to be ticked first, before we can get a bit more comfortable with further action to the upside. TVC:SILVER 74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
MARKETSCOM:SILVER
by Marketscom
USDCHF: The battle of 0.9000 - Sell or wait?Hello everyone, Ben here! USDCHF previously broke its uptrend as the fundamental landscape shifted, and the dollar entered a correction phase. Clearly, sellers are in control, as illustrated on the chart. Fundamentally, the situation is becoming more complex due to the tariff war initiated by Trump, with European countries responding in kind. Economic risks are rising. Additionally, with rumors of rate cuts from Trump and Powell, the dollar has entered a correction phase, which has had a positive impact on the forex market. From a technical perspective, the 0.9000 level plays a crucial role, as it represents a strong zone. If sellers manage to keep the price below this level, within the selling zone, it will confirm further downside movement. I also cannot rule out the possibility of a retest of the previous breakout range before a deeper decline. Emphasizing the 0.9000 level! Best regards, Bentradegold!
Short
by Bentradegold
NSE GLAND: A Critical Resistance Zone That Could Shift the TrendTimeframe: Daily In NSE GLAND, the price has respected the channel in three distinct moves, indicating a potential 3-wave correction setup. Currently, it is trading below the 50 and 100 EMA, with ATR at 55.96 and ADX at 42.07 . After reaching a high of 2220, the price declined and formed a corrective structure. Wave (A) completed at 1585.7 , followed by wave (B) at 1964 . Presently, wave 4 of wave (C) is in formation. The 1545-1585 zone serves as a strong resistance, where a decisive breakout could shift the trend. However, the price still needs to reach 1328 to complete a 100% extension of wave A, making wave C = wave A at 1328 . A strong throw-under could enhance the probability of revisiting levels near wave (B). We will update further information soon.
NSE:GLAND
by forextidings
NSE IOC – Approaching a Key Demand ZoneTimeframe: Daily After reaching a high of 196.8, the price has declined by over 39% in 13 weeks. It is currently trading below the 50/100 EMA band, with ATR at 3.68 and ADX at 26.02 . According to the Elliott Wave projection, the peak of 196.80 can be identified as a wave ((3)). The security is currently undergoing the formation of a corrective wave (4). Wave (B) formed at 185.97 , while wave 4 of wave (C) was completed at 145.10 . NSE IOC is now setting up for the final wave 5 of wave (C). Two key Fibonacci relationships help estimate the end of the correction: 1.618 Fibonacci extension of wave (A) at 106.54 (for wave C) 0.618 Fibonacci extension of wave 1 at 115.52 (for wave 5) The price is expected to settle between 115 and 105 , which serves as a key demand zone for buyers. If the price breaks out and sustains above 129.75, traders can target the following levels: 139 – 156 – 172+. we will update further information soon.
NSE:IOC
by forextidings
GBPUSD Dusting 350+ PIPS in Choppy Waters - Breakout is Brewing?Technical / Chart Analysis: Double Top Formation: The chart clearly exhibits a potential double top pattern around the 1.30564 resistance level. This is a bearish reversal pattern that suggests a potential trend change from bullish to bearish. Breakdown of Uptrend: The preceding price action shows an uptrend, which has now been halted by the double top. Key Support Level: The most crucial level to watch is the support around 1.28642. A confirmed break below this level would validate the double top pattern and signal a potential strong move downwards. Monthly Performance: January saw a +180 pip move, followed by February with a +230 pip gain. This demonstrates the potential for significant profits in GBPUSD through swing trading. Swing Analysis: February's +230 pip move consisted of 3 upward swings and 2 downward swings, highlighting the importance of capturing both upward and downward momentum in this pair due to the Choppy Price Action. Conclusion: FX:GBPUSD is at a critical juncture. The potential double top formation suggests a bearish bias, but confirmation is needed. Traders should closely monitor the key support level at 1.28642 for a potential breakdown and look for LONG Trades on breaking key levels to the Upside What are your thoughts on GBPUSD's potential for swing trading? Do you see a breakdown or a bounce? Share your analysis and comments below!
Long
by blamezak_trades
#HBARUSDT remains under seller pressure—expecting further declin📉 SHORT BYBIT:HBARUSDT.P from $0.21913 🛡 Stop Loss: $0.22070 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:HBARUSDT.P continues trading in a downtrend, staying below the key level of $0.21913, which could act as a short entry point. ➡️ POC (Point of Control) is positioned above the current price, indicating strong liquidity and selling pressure. ➡️ The price failed to hold above $0.22070, reinforcing the bearish scenario. ➡️ If local lows are broken, further downside movement is expected. ⚡ Plan: ➡️ Enter short below $0.21913, confirming the bearish momentum. ➡️ Risk management via Stop-Loss at $0.22070, placed above the nearest resistance. 🎯 TP Targets: 💎 TP1: $0.21792 🔥 TP2: $0.21594 🚀 BYBIT:HBARUSDT.P remains under seller pressure—expecting further decline! 📢 BYBIT:HBARUSDT.P is showing weakness in the market. If the price breaks below $0.21913, increased selling momentum may lead to $0.21792 – $0.21594. However, if the price rebounds above $0.22070, a short-term recovery could occur.
Short
by MoriartyTrading
2
#APEUSDT – Bullish Momentum DevelopingBYBIT:APEUSDT.P is trading near the local support zone around $0.7333, showing signs of potential upside movement. If the price holds above this level, a breakout towards higher resistance levels is likely. Should the bullish momentum continue, the price may reach $0.7478. Volume remains moderate, but buyers appear to be accumulating positions. If the support at $0.7333 holds, an upward move toward the nearest resistance zones can be expected. 📊 LONG BYBIT:APEUSDT.P from $0.7333 🛡 Stop Loss: $0.7284 ⏱ 1H Timeframe ✅ Overview: ➡️ BYBIT:APEUSDT.P is holding the $0.7333 support zone, which could act as a base for further upside. ➡️ A breakout above this area may lead to a stronger bullish move toward key resistance levels. ➡️ The major resistance level is at $0.7478, where profit-taking may occur. ⚡ Plan: ➡️ Enter long from $0.7333 upon confirmation of demand. ➡️ Stop-Loss at $0.7284 to minimize risks in case of a breakdown. 🎯 TP Targets: 💎 TP1: $0.7390 🔥 TP2: $0.7444 ⚡ TP3: $0.7478 📢 If the price holds above $0.7333, buying pressure may increase, leading to $0.7478. 📢 However, a breakdown below $0.7284 would invalidate the bullish scenario. 🚀 BYBIT:APEUSDT.P has bullish potential – expecting a move!
Long
by MoriartyTrading
Overall Market Structure XAUUSD1. Overall Market Structure The market is currently in a strong bullish trend, forming higher highs and higher lows. A retracement is occurring around the $2900 - $2927 zone, which could be a Liquidity Grab before the next move. 2. Key Support & Resistance Levels Resistance Zones: $2927 - $2942 (Key Fibonacci 0.236 - 0.0 level), which has already triggered a reaction from sellers. Support Zones: $2870 - $2890 (Fibonacci 0.786) – A critical area where buyers may step in. $2779 (Support from the previous week) – If a deeper correction occurs, this could act as a liquidity area for long positions. 3. Liquidity & Key RTM Zones Liquidity was grabbed above $2942, indicating potential sell-side orders. A retracement towards $2890 - $2902 (important FLIP zone) could determine the next direction. Smart Money might manipulate price around these levels to trap retail traders before a strong move. 4. Possible Scenarios for Next Week Bullish Scenario: If price holds above $2890 - $2902, we could see a push towards $2942 - $2960. A breakout above $2942 could extend the bullish rally to $3000 and beyond. Bearish (Deeper Retracement) Scenario: If $2890 support fails, the price could drop to $2779 - $2760, where buyers might step in. 5. Conclusion & Trading Strategy 📌 If $2890 - $2902 holds as support, expect further upside momentum. 📌 If this support breaks, a deeper retracement to $2779 - $2760 is possible. 📌 Watch for liquidity grabs and confirmation signals before entering a trade. ❗ Recommendation: Monitor price reaction at $2890 before making trading decisions. If buyers defend this level, long positions could be favorable.
SAXO:XAUUSDShort
by hesamdrgym
Godfrey Phillips India – Major Breakout in Progress! 📌 Technical Breakdown & Swing/Positional Trade Idea Godfrey Phillips India is currently breaking out of a 150-day broadening pattern, signalling strong bullish intent with increasing volume participation. Let’s break it down: Key Levels & Market Structure: Monthly Resistance Breakout (Yellow Line): The price has convincingly broken above a key monthly closing resistance, marking a shift in trend. Supply-to-Demand Zone Flip: A critical supply zone (marked in red) was breached and is now acting as an important demand area, where buyers are likely to step in for re-entries at better prices. Broadening Structure: The stock has followed a classic expanding range (marked by white trendlines), showing volatility compression and breakout strength. Weekly Counter-Trendline (CT): A hidden WTF resistance line (yellow) from the weekly timeframe was also taken out, adding further confluence to the move. Cup & Handle Breakout (Cyan Zone): A recent cup & handle breakout with strong volume clusters confirms bullish momentum. Trading at 50-Day High: The stock is now at a new short-term high, indicating sustained strength in price action. Glossary (For Better Understanding): Broadening Pattern: A technical formation where price swings increase in magnitude, forming an expanding structure. Supply-Demand Flip: A price zone that initially acted as a supply (resistance) but later turned into a demand (support) after a breakout. Counter-Trendline (CT): A hidden trendline that acts as a resistance within a prevailing trend, often creating liquidity traps. WTF Hidden Resistance: A key level that isn't easily visible but plays a crucial role in price reactions. Cup & Handle Breakout: A bullish continuation pattern indicating accumulation before a breakout. Volume Clusters: Areas where heavy trading activity occurs, often signaling accumulation or distribution zones. 🚀 Conclusion: With multiple bullish confluences, volume backing, and a clean breakout, this trade setup presents a high-probability swing & positional opportunity. However, risk management remains key! Let me know your thoughts in the comments! Are you tracking this setup?
NSE:GODFRYPHLPLong
by Averoy_Apoorv_Analysis