HelenP. I After correction to support level, Gold start to growHi folks today I'm prepared for you Gold analytics. An examination of the chart highlights a well-established long-term uptrend, with the bullish structure being clearly defined by a major ascending trend line that has consistently provided dynamic support. Currently, the price is undergoing a healthy correction after being rejected from the major resistance zone around 3430. This pullback is now guiding the price towards a critical confluence of support, where the aforementioned ascending trend line intersects with a strong horizontal support zone at 3305 - 3285. My analysis for a long position is based on the high probability of a bullish reaction from this key area. I believe that as the price enters this support confluence, it will be met with strong buying pressure, as it represents a logical point for buyers to defend the trend. A confirmed bounce from this zone, demonstrated by a rejection of lower prices, would be the main condition to validate the continuation of the uptrend. Therefore, the primary goal for the subsequent rally is set at the 3430 resistance level, as a retest of the recent high is the most logical objective following a successful defense of the trend. If you like my analytics you may support me with your like/comment ❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Trend Analysis
NASDAQ at Key Turning Point 🔍Technical Context
After testing the 23,600–23,800 supply zone, price printed a strong bearish rejection with a weekly engulfing candle.
The RSI broke decisively below the midline, signaling a clear loss of momentum.
Price is now trading back within the weekly demand zone between 22,800 and 22,950.
If a pullback toward 23,200 occurs, it could offer a fresh short opportunity, with downside targets around 22,600.
🪙 COT Report – July 29
Non-Commercials (speculators):
Long: +8,581
Short: +4,355
Commercials (hedging):
Long: +4,955
Short: +8,556
The market remains net long, but commercials are increasingly hedging with shorts.
The current imbalance — 88.6% long vs 11.3% short — suggests excessive bullish positioning, raising the risk of a correction.
🗓️ Seasonality – August
August is historically strong for the NASDAQ:
+222 pts (10Y)
+400 pts (5Y)
+912 pts (2Y)
While the trend is clearly bullish seasonally, caution is warranted:
Tops are often formed during the first half of August, followed by more pronounced corrections in September.
📉 Operational Summary
Primary scenario:
Wait for a retest of the 23,200–23,250 area
Look for rejection signals → enter short
Target 1: 22,800
Target 2: 22,600
Alternatively:
If 22,800 breaks on a strong weekly close, deeper downside scenarios may unfold.
BTCUSDT – Key Support Holding! Next Targets if 115,827 BreaksBitcoin is currently holding above a crucial support zone around 115,220. After a recent drop to the 114,979 area, buyers stepped in strongly, preventing further downside.
📊 If price stabilizes above 115,220 and successfully breaks through the resistance at 115,827, I expect bullish continuation towards the following targets:
🎯 Target 1: 117,900
🎯 Target 2: 119,076
These zones acted as strong resistances previously, and breaking through them could open the path to further upside.
⚠️ However, if BTC closes below 114,500, we may see a bearish breakdown with potential downside towards 108,000 – 106,000 range.
📌 Personally, I hope Bitcoin holds this support as it’s a key level to maintain bullish momentum.
Let’s see how the market reacts in the next few candles! BINANCE:BTCUSDT
BTCUSD long setup: Targeting the next bull move.Hello IGT FOLLOWERS
Here is my BTCUSD overview, Bitcoin is showing bullish momentum after holding strong support near $112,000. A breakout above the $115000 resistance suggests buyers are regaining control. RSI is turning upward, and volume is increasing on green candles signaling demand. As long as price holds above $113,000, bulls may push toward the $117,500 target.
Key points :
Entry point : 113500
1st Target : 115000
2nd Target : 117500
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NIFTY50.....Miss a final sell-off! Part IIHello Traders,
the NIFTY50 is on track with my forecast! It declined over the course of the week to a level of 24565 points - a loss of almost 271 points, (nearly 1.09%).
The question is, if N50 is declining lower in the coming week. The question is, to what degree will it decline ?
Chart analysis:
Today, I'd like to show you another idea of the count. Here, at the level of 25669, a wave (v), green, has been established, and the following correction is a wave (iv), pink, to the level I have mark with the sky blue rectangle. This rectangle ranges from 24473 to 23934.90. If we reach these levels, wave (iv), whether of wave ((iv)) or wave (iv), should end!
In either case, there is more downside potential and has more room to go, and is not finished yet.
The first sign, that something went wrong would be at the point, when the high @ 23368, wave (i), green, were to be touched! This is because it is not permitted for a wave (iv) to touch the high of any degree of wave (i).
The indicators, too, have much room to decline for the rest of the week.
So, it will be exiting to watch how the market will makes its decision.
Have a great weekend.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
Gaussian and the LMACD deep dive!As you can see LMACD is showing signs of exhaustion. Histogram has been compressing or decreasing in momentum while the price has been climbing up. This divergence wont last for too long and a change in the trend seem very likely. BTC might be entering in the bear market pretty soon and you might start seeing the histogram turning red and increasing in bearish momentum before changing the trend once we approach to the core of the Gaussian or even bellow this time. Breaking bellow the core would mean range bellow 40k as bear market bottom.
EUR/USD Elliott Wave Count Signals Downside TargetsThe EUR/USD chart is displaying a completed 5-wave Elliott impulse structure, suggesting the potential start of a larger corrective move to the downside. Wave 5 appears to have finished after a classic ending diagonal pattern, with price now breaking below the wave 4 support trendline — a strong confirmation of trend exhaustion.
Currently, price is retracing upward towards the 0.5–0.618 Fibonacci retracement zone of the last impulsive leg, around 1.15912–1.16383, which may serve as the final rejection zone for bears to re-enter. This area aligns perfectly with prior support-turned-resistance and is considered the potential reversal pocket.
If price holds below the 1.17869 invalidation level, the structure supports the beginning of an ABC correction or a larger bearish impulse.
Target 1 (T1): 1.14800
Target 2 (T2): 1.13915
Stop Loss (SL): 1.17869
This scenario remains valid as long as the price does not break above 1.17869. A clean break and close above this level would invalidate the bearish setup and suggest a possible wave extension.
HBAR Momentum Hbar has gained some momentum lately. This is the ideal rally setup.
It has also yet to see real price discovery past .5
Large trade already opened.
DYOR, I believe this coin has a ton of potential.
Hederas' Council consists of entities like Google, IBM, Boeing Through VentureX, Standard bank.. Just to name a few.
But you all don't care about that.
Bitcoin projection for the rest of the year. Bullish.We are in a retracement phase , i think btc will retrace deep enough to convince people that bull run is over . Once that happens it will flip to the upside and leave everyone shocked.
A retrace towards 108k-104k is possible.
Once they get tapped btc will start a new run towards a new all time high where everything will get to an end and a new besr market will start. Until then lets enjoy the rest of the year.
JTO/USDT at the Edge of Pressure – Breakout or Breakdown Ahead?🧠 Detailed Technical Analysis (2D Timeframe):
JTO/USDT is currently consolidating at a critical support zone within a well-defined Descending Triangle pattern that has been forming for over 6 months.
Key observations:
Price has been making lower highs, forming a downward-sloping resistance trendline.
Meanwhile, strong buying interest has held up the support zone between $1.69 and $1.87, suggesting accumulation.
This creates a classic Descending Triangle, often leading to a sharp breakout or breakdown.
---
📌 Key Levels:
Level Description
$1.69–$1.87 Major Demand Zone / Key Support
Descending Trendline Dynamic Resistance (from Lower Highs)
$2.29 First Resistance (Breakout Trigger)
$2.71 Key Mid-Term Resistance
$3.22 – $3.97 Major Upside Targets
$1.50 & $1.30 Breakdown Targets
---
📈 Bullish Scenario (Breakout):
If the price holds the support and successfully breaks the descending trendline, we could see a strong bullish reversal:
Confirmation breakout may lead to a rally toward $2.29 → $2.71 → $3.22 → up to $3.97.
Breakout strength increases if accompanied by volume surge.
Bullish Catalysts:
Positive project fundamentals.
Volume squeeze near triangle apex.
RSI/MACD divergence (if present).
---
📉 Bearish Scenario (Breakdown):
If price closes below the $1.69 zone with conviction:
Descending triangle confirms as a bearish continuation.
Target downside to $1.50 and potentially $1.30.
Could signal distribution phase by larger players.
Bearish Confirmation: Strong 2D candle close below $1.69 with high volume.
---
🧩 Pattern Breakdown – Descending Triangle:
The pattern represents price compression between lower highs and a horizontal support.
Statistically, 70% of descending triangles resolve to the downside.
However, in oversold conditions or with bullish catalysts, it may lead to a powerful short squeeze breakout.
---
🧭 Summary & Strategy Insight:
JTO/USDT is nearing a decision point. At the edge of the triangle’s apex, volatility is likely to spike — with a strong move in either direction.
💡Possible Strategy:
Conservative entry: Wait for breakout confirmation above the trendline with volume.
Aggressive entry: Speculative buy near $1.70 with tight stop loss.
Avoid heavy positions until the breakout or breakdown confirms.
---
🧲 Suggested Post Title:
> "JTO/USDT at a Crossroads – Descending Triangle Set for Explosive Move?"
A breakout is imminent. Will you be ready?
#JTOUSDT #CryptoBreakout #DescendingTriangle #AltcoinSetup #TechnicalAnalysis #CryptoStrategy #ChartPatterns
USD/CAD Rises to 2-Month HighUSD/CAD Rises to 2-Month High
Today, the USD/CAD exchange rate briefly exceeded the 1.3870 mark – the highest level seen this summer. In less than ten days, the US dollar has strengthened by over 2% against the Canadian dollar.
Why Is USD/CAD Rising?
Given that both the Federal Reserve and the Bank of Canada left interest rates unchanged on Wednesday (as expected), the primary driver behind the pair’s recent rally appears to be US President Donald Trump's decision to impose tariffs on several countries – including Canada:
→ Despite efforts by Prime Minister of Canada Mark Carney to reach an agreement with Trump, no deal was achieved;
→ Canadian goods exported to the US will now be subject to a 35% tariff;
→ The tariffs take effect from 1 August;
→ Goods compliant with the United States-Mexico-Canada Agreement (USMCA) are exempt.
Media analysts note that the tariffs are likely to increase pressure on the Canadian economy, as approximately 75% of the country's exports are destined for the United States.
USD/CAD Technical Analysis
At the end of July, the price formed a steep ascending channel (A-B), with bullish momentum confirmed by a decisive breakout above the 1.3790 resistance level, as illustrated by the arrow:
→ the pullback before the breakout was relatively shallow;
→ the bullish breakout was marked by a long bullish candlestick with a close near the session high;
→ following the breakout, the price confidently consolidated above 1.3790.
Provided that the fundamental backdrop does not undergo a major shift, bulls might attempt to maintain control in the market. However, the likelihood of a correction is also increasing, as the RSI indicator has entered extreme overbought territory.
Should USD/CAD show signs of a correction after its steep ascent, support might be found at:
→ line C, drawn parallel to the A-B channel at a distance of its width;
→ the previously mentioned 1.3790 level, which now acts as a support following the breakout.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Warning: SPX500 May Have Peaked—Here’s What the Charts SayThe S&P 500 (SPX500) may have reached its peak. In this video, I reveal the technical evidence pointing to a potential reversal—including monthly bearish divergence, daily and weekly reversal candles, and confirmation from key indicators.
This isn’t just noise—these signals align across timeframes, suggesting a shift in momentum that could lead to significant downside. I’ll walk you through the charts, explain the implications for traders and investors, and highlight critical support levels to watch.
Thank you for watching and have a great trading week. Cheers!!
DOTUSDTThe first higher high after a downtrend indicates a potential trend reversal to the upside. It shows that buyers are starting to regain control, signaling the possibility of a new bullish trend.
Trendline Break: A break above a significant trendline further confirms the shift in sentiment from bearish to bullish. The trendline break signifies that selling pressure has weakened, and the market is poised for further upward movement.
GBPJPY Will Move Higher! Long!
Take a look at our analysis for GBPJPY.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 195.702.
Considering the today's price action, probabilities will be high to see a movement to 197.050.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EUR_USD POTENTIAL SHORT|
✅EUR_USD has been growing recently
And the pair seems locally overbought
So as the pair is approaching
A horizontal resistance of 1.1632
Price decline is to be expected
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
S&P500 corrective pullback key support at 6200Key Support and Resistance Levels
Resistance Level 1: 6316
Resistance Level 2: 6374
Resistance Level 3: 6430
Support Level 1: 6200
Support Level 2: 6112
Support Level 3: 6073
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
USD/CAD Breaks Triangle: Bullish Target in SightHello guys!
USD/CAD has broken out of a clear triangle formation, signaling strong bullish momentum. The breakout above the top line of the triangle, supported by earlier bullish divergence, confirms that buyers are now in control.
Triangle breakout confirmed
Strong bullish impulse post-breakout
Retest of the broken trendline expected
Target: 1.38791
A clean retest of the breakout level could provide another entry opportunity before price reaches the target zone highlighted in blue.