First off, today's pattern is in a COUNTER TREND mode. Think of that as the pattern being INVERTED to the current price trend. Next, the Bottom/Rally Start pattern is usually a base/bottom type of pattern that prompts a fairly strong bullish/rally phase in price. This time, because it is inverted (in Counter-trend mode) and is forming within the broad consolidation phase of the current EPP pattern, I believe this Bottom/Rally Start pattern will really be a Top/Selloff start type of pattern. Where price will find resistance in early trading, form a rollover top, and start to move back downward towards the 500-505 level on the SPY. I don't believe this downward price move will attempt to break below 480-485 today. I believe today's move will be a moderate pullback in the trend. Although any BIG news could disrupt the current support near $480, so be aware that any big news event could crush the markets (again) and send the SPY trying to retest the $480 support level. Gold and Silver appear to be basing - perfect. I'm watching for Metals to really start to reflect the FEAR in the markets and rally above $3200 (Gold)/$39 (Silver). BTCUSD appears trapped in the breakdown stage of the current EPP Consolidation phase and the new CRADLE pattern. No matter how I try to identify if I'm wrong with BTCUSD, I keep seeing the breakdown as the more dominant trend. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
Here are the key levels marked by using low volume nodes for potential key levels where we may see price react.
US500 Drops 22% in 7 Weeks-What's Next? On February 20, 2025, the US500 index reached a record high of 6147, a level it had never touched before. Many expected Trump to support the stock market further, but instead, his tariffs and ongoing market disruptions led to the opposite outcome. In just 1.5 months, the US500 dropped by nearly 22%, hitting a strong support zone near 4810. Buyers stepped in at this level, helping the index recover 8%. From a technical perspective, the US500 appears poised for a bullish wave from this zone. However, its future direction heavily depends on Trump’s tariffs and his economic plans for the United States. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
https://www.tradingview.com/x/mOKtX7zx/ Market overview and macro outlook Rise in the equities market mainly due to the possibility of a 90 days postponement of the tariffs 1. What can kill this optimism: A single Trump administration comment otherwise. 2. We've risen by close to 8% from the lows. 3. Until the postponement is confirmed, i don't think there's much upside, thus, the risk is to the upside, and we should be looking for downside trades now Upcoming news 1. FOMC meeting on Wed - probably to the downside as it should be comments on keeping rates high to combat the tariffs uncertainty 2. US CPI/Unemployment on Thu - TBD - If high CPI - good for equities as it raises probability of interest rates cut - If high unemployment - good for equities as it raises probability of interest rates cut 3. US Core PPI on Fri - TBD - If high PPI - good for equities as it raises probability of interest rates cut Thus, I have a bearish view of the market and look to take Short positions here. Technical View At a higher time frame, I want to see price hit 5500 for a short position then. In the short term of today and tomorrow, I want to see prices hit 5267 for me to take a Short position - there's a Supply zone there from the M5 TF. SL: 5300 (Above supply zone and a major psychological point) TP: 5130 (Slightly above the lows of the previous trading zone before the breakout) Execution 1. Limit order - SL: 5300 (Above supply zone and a major psychological point) - TP: 5130 (Slightly above the lows of the previous trading zone before the breakout) - TF: Close limit order before CPI or PPI reports. If no entry by then Results of ideas thus far: Number of trades: 2 WR: 0% Profit: -1.1R Notes: This is currently for personal practice to write out trade ideas. Feedback is welcome, and please don't mind if none of this makes sense.
This chart represents a EUR/USD 30-minute timeframe analysis. It's structured within a descending channel, suggesting a bearish trend. Here's a breakdown of the setup and possible trading insights: Technical Analysis: 1. Resistance Level: 1.11000 This level is the upper boundary of the descending channel. Price has repeatedly tested this trendline but failed to break above, indicating strong selling pressure. 2. Channel Pattern: The market is forming lower highs and lower lows, reinforcing the downward trend. Price is moving within the boundaries of the descending channel, respecting both support and resistance levels. 3. First Target Point: 1.08500 Marked as a potential take-profit area if the price continues downward from the resistance. Could act as a temporary support, offering a bounce or a brief consolidation. 4. Second Target Point: 1.07500 Deeper target within the channel, closer to the lower boundary. If the price breaks the 1.08500 level decisively, this is the next likely destination. 5. Projection Path: The chart illustrates a possible false breakout above resistance, followed by a sharp drop—common in bearish setups. This might trap buyers before reversing to the downside. Trading Insight: Entry Option: Watch for bearish price action near the 1.11000 resistance or a confirmed break below a key support level. Risk Management: A stop-loss above 1.11000 is ideal to manage risk in case of a breakout
Looks like we've bottomed (I think) and we're about to start another parabolic leg to new highs that will last most the year....don't bet against the frog.
H1 - Bearish trend pattern in the form of lower highs, lower lows structure. Strong bearish momentum Lower lows on the moving averages of the MACD indicator. Expecting retraces and further continuation lower until the two Fibonacci resistance zones hold. If you enjoy this idea, don’t forget to LIKE ?, FOLLOW ✅, SHARE ?, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! ? -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
https://www.tradingview.com/x/rsh46Tvo/ XAUUSD has a current Trade set up. It has Created prior Support and now retested as Resistance. You can now scale down to the 5 minute to look for entry model. Entry model needs Supply push , With FVG / BOS/ and OB to enter. Look at comments for the model.
OANDA:NZDUSD from start of February sentiment is bullish. In week before we are have strong events like RBA, TRUMP SPEAK, NONFARM.., we all are expect NZD and AUD domination but at end in zone we are see changes and strong fall. After all of this now from here expecting new bullish starting. SUP zone: 0.55200 RES zone: 0.57400, 0.58200
Hello folks, How are you today, lets see the downside momentum on GOLD, expecting the price could go to weekly demand, after the daily demand retracement today. I'm expecting downside. This is only my view, I will refined the entry once we reach at 2600-2630 zone. This is only my highest view base on weekly Timeframe. This is not a financial advice either. Follow for more swing trades. Do you like this idea? give a comment or boost it for more. I only share swing trades. Goodluck. pewwpeww