Uptrend
"Inverse Head and Shoulders" Pattern: Is a Rally on the Horizon?In the latest technical analysis, a bullish "Inverse Head and Shoulders" pattern has appeared. The price started at $6.8, dropping to $5 to form the left shoulder. It then rebounded to $6 before falling to a low of $4.4, marking the head. From there, the price surged back to $5.9, creating the right shoulder.
This pattern is often a strong indicator of a potential bullish reversal, signaling a possible upward move. Traders are now eagerly watching for a breakout above resistance levels, which could confirm the continuation of the uptrend. Will this be the beginning of a new rally?
The next price movement could set the stage for the market's short-term bullish momentum.
Gold is flying. Macroscopic 3 Month zoom.The Gold party is still healty? 15 days are left for this 3M session to close and still has not found Its ATH high. lets see where this candle close.
Taking a look at this giant timeframe trying to give some insightful notations.
The big bullflag breakout has been impressive, since it broke the last all time high in Friday 07 August 20' at $2,075 price has not looked back.
Giving outstanding returns from its last 3M higher low at $1,810 with a stairstep fashion during almost 12 months the top is not in sight and the uptrend is the best example of a strong one! How high can we go?
Answer is very high!
Twelve days are left for an entire year cicle favoring the bulls and It seems like the party has not finished.
Gold started a 3 Month uptrend, It broke a 3M triple top at $2,075 shaped by the bullflag. Spawned as the last All Time High four years ago and staying in play for 45 months.
The last time Gold started a 3M uptrend, It happened at Thursday 20 Jun '19 around $1,375. Counting the candles for this 3M timeframe, from the last swing higher low at $1,160 the result is 7 consecutive sessions favoring convincingly the bulls. That is 21 months or almost two years.
How long this current Gold bull market will last?
Answer is I dont know.
I will be looking for clues and hints for temporary tops in lower timeframes.
#BTC: IS THE DOWNTREND ENDS HERE??Hey everyone!
Appreciate a like and follow if this analysis helps!
Welcome to this BTC update. BTC is trading inside a broadening wedge pattern in the daily time frame and currently hovering near the lower trendline of the wedge.
Every time the price tested the lower trendline, it formed a new lower low but, the first time, it made a Lower high, hinting at a possible shift in momentum. This could signal the end of the downtrend and the beginning of a new uptrend.
A potential bullish outcome includes a new all-time high by the end of the year.
Invalidation: Daily close below the previous lower low.
What are your thoughts on BTC's current price action? Share your analysis in the comments!
AUDNZD potential increase following the channelAUDNZD has recently pulled back to a support area following a strong bullish impulse. Despite the price breaking and closing below the previous range, a bullish divergence is beginning to appear as it approaches the support level. This price action suggests a complex pullback, hinting that the bearish momentum may be losing steam. The market might consolidate around this area before potentially bouncing off the support, as it hovers near a key psychological level. The expectation is for a move toward the resistance zone around 1.1000
EURUSD LONG TRENDHello, good day of your trading...
In the 4-hour period, the trend is completely upward and we expect a correction and then the price will rise again.🚀
I drew the last area that can give us a deep price correction in red, and if it is lost, the price will continue to grow until the liquidity of 1.12768.🔥
good luck friends❤
BUY BTC, and BUY HARD!After breaking the resistance , don't think twice! #btc
✅✅⬆️⬆️ I will Just buy it! ⬆️⬆️✅✅
and the stop-loss will be the red trigger line.
In the case of failure to break it, the price might drop. so the sell trigger is the red line.
❌The charts reveal a volatile landscape. Recent price action has left many investors feeling like they’re caught in a bull trap.
BTC has been consolidating since March, and sooner or later, it will transition into a distribution phase.📈
Pay attention to the red line—the sell trigger. If BTC fails to break resistance, a price drop could follow📉.
🔺On higher time frames, the RSI (Relative Strength Index) suggests an upcoming movement out of the oversold zone, potentially favoring the bullish scenario.
This analysis does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Asek Mining to target 75 then 94 - long termWeekly chart, the stock EGX:ASCM is trying to beat the resistance line R1 in the long pennant pattern.
Technical indicators MACD and RSI are positively signalling a formation of an uptrend.
Stabilizing above 45 for 2 weeks, the price should target 75 extendable to 94, a s a long term target.
Note the stop loss and profit protection levels - Raise as the price goes up!
El Arabia Engineering (EEII,EGX): uptrend to 1.8 then 2 and 2.5Weekly chart, the stock EGX:EEII is supposed to continue trading in the rising channel and test the resistance line at around 1.80
Trading for 2 weeks above 1.80, the target will be 2.50 - 2.55 passing through a resistance zone at 2.00 - 2.10
Technical indicators MACD and RSI are supporting this positive view.
Note: Stop loss below 1.24, and to be raised along with the rising price.
XAUUSD potential further push towards the 2550XAUUSD surged to a fresh all-time high on Friday, pushing past previous resistance levels. The price hit 2,508 and closed with a strong bullish candle, indicating the ongoing upward trend. This robust momentum suggests that further gains are likely in the coming week.
On the two-week chart, there’s a decisive break and close above the July high, hinting at an extension toward the 2,550 resistance zone, especially since the inside bar formation has been triggered. On the daily timeframe, the market also broke and closed above a triangle pattern, a textbook signal for trend continuation. The price action seems to be developing an AB = CD pattern, with the D point projected around the 2,550 level
NAHO (Naeem, Egypt) is seen on a long-term uptrendWeekly chart,
The stock (in USD) has a long term uptrend opportunity - targeting 0.200 and 0.220, provided that the price stabilizes above 0.165 for 2 weeks.
MACD indicator is supporting this positive view.
Note: For the next week, consider the stop loss (SL) level below 0.148 for 2 weeks. Then, raise the SL level as the price goes up.
Note: Heikin Ashi chart is used to give a better trend indicator.