1. Trendlines and Market Structure The chart shows a descending trendline acting as resistance, which suggests a broader bearish trend. There is also an ascending trendline acting as support, forming a potential wedge pattern. The market structure appears to be forming lower highs and higher lows, indicating a possible breakout scenario. 2. Order...
US30, 1 Hour Analysis: Market Structure: The chart shows a clear bullish trend leading up to the current trading range. A Break of Structure (B.O.S) is identified, indicating a significant move upward. Key Levels: Asia High (Close): This level marks the highest point reached during the Asian trading ...
Nasdaq Currently training above Support Zone on a daily , Daily Candlestick (25/09/23) Closed high , So during the Sidney & Asian market could possibly consolidate , and except market to start making a bear move during the London session . Possible buy level between the 50% & 61.8% Fib level.
As you can see a double top formed on a 1h confirmed on 15m and 5m TF price did not come back to retest so we look for shorts TP @ support level
As you can see a double bottom formed on a 1h timeframe , pattern confirmed on a 4h as well. Wait price to break above Neckline for a confirmed buy
As you can see a double top formed on a 4H TF We have to wait and see if price resists or break above the A.O.I "Area Of Interest". Scenario 1 If price breaks above the "A.O.I" level the double top pattern is invalid and price could form a Triple top Scenario 2 If price resist the "A.O.I" level then we have to wait for price to reach the neckline...
Hello fellow traders Last week nasdaq closed bearish, as you can currently see candlestick indicates more Short position: Nasdaq COULD MOST PROBABLY REACH $11 200 the lowest Take in to consideration that the market is to unpredictable Mondays Use MM wisely
as you can see on the tri-angle line there 4 touches on the top and bottom Market might move to $12 400 today
As you can see a pennant pattern as form now we looking for possible long position @ $11912.13
As you can see market is bearish we look for sells today
Here we can see a double top forming @ around $110 . A possible short order after the neckline @ around $109 - $108.900. Enter @ 108.600 SL @ 109.00 Tp @ 107.600
A possible head and shoulders for us30 it could be a Short Buy but watchout for the trend change , NFP week so market is unpredictable
As you can se a Symmetrical Triangle pattern on a 4H 1H & 30M , which display a bearish move with a possible retest @ 39234.44 Entry point @ : 38761.07 TP 1 @ 35984.42 Possible TP 2 @ 33691.23 Onces in profit Set BE
As you can see the pattern it forms. the pattern is shown on a 5M , 15M, 30M, 1H & 4H timeframe, which confirms a long entry. but a retest will occur keep that in mind
Resistance @ 1802 XAUUSD May drop by $12 - $25 Sell position @ 1802 or below As long as Resistance is @1802 the risk of the break below 1781.00 is high But if resistance is broken (1802) Look for further upside @ 1808-1817