The oscillators are gearing up to bulls, and indicators are doing the same. The only thing that could change that course in direction is a few uncertainties in MACD, stochastic, and the bottom of the Bollinger and Keltner being around the low 130-135 area could test new highs for the longer term.
The recent movement in the OANDA:XAUUSD market indicates a period of consolidation after the initial upward momentum and the following pullback suggests that the market may not yet be ready to continue rising. It is important to note that the market is still trading within the range of the previous monthly candle. If you look at the last few months of the previous years you will notice that the market has usually been in sideways movement. This may be what is happening in the current market. https://www.tradingview.com/x/CMnPnJjt/ On the weekly timeframe, the market has formed a long-tailed bar, which resembles a fakey bar reversal pattern. This indicates that the price made a false breakout above the two previous weekly highs. Such a pattern suggests the possibility of the price moving below last month’s low towards the support level around 2530. On the daily timeframe, the price action is showing lower highs and higher lows, thus creating a triangle pattern. This pattern is typically viewed as a trend continuation pattern. However, due to the fakey pattern on the weekly, there is a likelihood that the price may move lower. Overall, I anticipate that the price to fall if the market breaks below the weekly low at 2,627. Additionally, with next week packed with high impact news expected to increase volatility, it is crucial for us to remain vigilant. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
Weekly CLS from HTF FVG, Model 2 from OB. you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. https://www.tradingview.com/x/aVeVgSeN/ CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. https://www.tradingview.com/x/C4QY64nH/ Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
ALT can easily get to TP-1 which is 7. Below are the reasons that TON can rise up from here. Bullish divergence at the bottom Double bottom pattern Broken the neckline Good luck and stay blessed!
hI, Solana is in a bullish flag formation? or in a descending channel? My opinion is that there a big chances this pattern formation is descending channel. 1. The volume is descending as the price test the LH that is also the 3rd retest of the resistance line at 234$ 2. We see that resent head & shoulders is break at pivot line and the price fall again form this pivot. 3.As a channel need a strong support like older support lines. Entry 1 at 221$ Entry 2 at 231$ Stop at 238.6$ Target 1 211$ (new high support) Target 2 195$ (old high support) Target 3 179$ ( latest pattern support )
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#DOT is on the verge of breaking out above the bullish pennant on the 8H chart. In case of a breakout, the targets are: ? $9.826 ? $10.545 ? $11.263 ? $12.286 ? $13.589
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Northern Dynasty Minerals, Ltd. - Double Formation * 0.370 USD | Survey On Trend Line | Subdivision 1 * 0.225 USD | Support On A Bias Perspective - Triple Formation * 012345 | Waves Configuration Valid * Retracement | (1) Uptrend Bias & Entry At 0.410 USD | Subdivision 2 * Retracement | 1)) 0.590 USD Daily Time Set Up | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
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#FIL is moving inside a symmetrical triangle and has bounced off the MA100 on the 6H chart. In case of a breakout above the MA50 and the pattern, the targets are: ? $7.201 ? $7.714 ? $8.226 ? $8.957 ? $9.887 ? $11.069