Oil has faced strong rejection from the 64.35–65.09 resistance zone and is currently in a clear downtrend. Price is now approaching a key support area between 59.80 and 58.97. If this zone holds, we could see a short-term bullish reversal towards 61.03 or even 62.90. However, a breakdown below 58.97 would signal further bearish momentum. Key Levels to Watch: Resistance: 61.03 / 62.90 / 64.35 Support: 59.80 / 58.97
This XAU/USD 1-hour chart shows a symmetrical triangle pattern forming, which typically signals a potential breakout as price compresses between converging trendlines Potential Scenarios: • Bullish Breakout: If the price breaks above the upper trendline (~3345–3350 area) with strong volume and RSI follow-through, the next targets could be: • Short-term: 3380–3400 • Medium-term: 3450 and possibly retest the recent high of 3500 • Bearish Breakdown: A break below the lower trendline (~3280–3270 area) with RSI dropping below 40 could lead to: • Short-term: 3240 • Medium-term: 3200 or even 3160
In this video, we will be looking into the potential price action DJI.
https://www.tradingview.com/x/9An94ZpF/ ✅DOW JONES is going up now But a strong resistance level is ahead at 40,947 Thus I am expecting a pullback And a move down towards the target of 40,314 SHORT? ✅Like and subscribe to never miss a new idea!✅ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
In this video, we will be looking into the potential price action TSLA.
Gold has formed a strong support zone between 3,309 and 3,322, where the price has shown multiple rejections. The price action and consolidation of the current candles indicate that the market is preparing for a breakout. If the price makes a sustained close above this zone, the next potential target could be 3,478.15. This zone can be seen as a classic demand area, from where buyers are re-entering the market. Possible Strategy for Trading: Buy Entry: After breakout confirmation around 3,330 Target: 3,478 Stop Loss: Below 3,305
Market Context NYSE:SNAP Current Price: $9.165 1-Month Move: +5.6% (from $8.68) 1-Year Move: -39.1% (from $15.05) Year High/Low: $9.96/$7.16 Technicals: RSI ~69.8 (near overbought) Above 20-day MA, below 50/200-day MAs (short-term pop in a longer downtrend) Options Data: IV Rank: 75th percentile (high premiums) Put/Call Ratio: 1.25 (bearish skew) Max Pain: $8.00 High OI: $9.00 puts, $10.00 calls Historical & Model Insights Historical Move: SNAP averages 13.5% post-earnings, with a slight bearish bias (6/12 quarters down). IV Crush: Expect 30–40% IV drop post-print, so time your exit carefully. Model Consensus (Grok, Claude, Gemini, DeepSeek): Moderately Bearish Why? Overextended rally, high IV, Max Pain at $8.00, and “sell the news” risk. Outlier: One model (Llama/Meta) sees bullish momentum from call activity, but it’s drowned out by bearish signals. Trade Setup Strategy: Single-leg, naked put (bearish, defined risk) Instrument: SNAP Direction: Put Strike: $8.50 (premium $0.52, fits $0.30–$0.60 target band) Expiry: 2025-05-02 (first weekly post-earnings) Entry Price: $0.52 Entry Timing: Pre-earnings close (2025-04-29) Profit Target: $0.78 (~50% gain) Stop Loss: $0.26 (50% loss) Confidence: 65% Expected Move: ±$1.24 (~13.5%) Key Risks: Positive earnings surprise (strong ad revenue or user growth). Severe IV crush killing put value. Broad market/tech rally lifting SNAP. Upbeat guidance sparking a squeeze.
the chart shows a technical analysis of Estithmar Holding (IGRD) on a weekly timeframe, using Elliott Wave theory and Gann/Fibonacci angles to predict potential price movements. Key Observations: Elliott Wave Pattern – ABC Correction: The chart suggests that the stock completed wave B at a recent high. A downward corrective wave C is anticipated, as shown by the red dotted line. Bearish Divergence: At the bottom, a momentum oscillator (likely RSI or a similar indicator) shows bearish divergence – price is rising, but momentum is falling. This is typically a warning signal that upside momentum is weakening. Downside Price Targets (based on Gann/Fibonacci angles): Possible support levels: 2.15 QAR 1.93 QAR 1.71 QAR 1.49 QAR Final target: ~1.06 QAR (as the lowest projected level) Warning Highlighted: The red text at the top: "IGRD – Estithmar Holding – See explanation below" This suggests a bearish outlook unless key resistance levels are broken with strong volume. Summary: Current trend: Overbought with signs of weakness. Outlook: Bearish correction likely. Action: Watch for confirmation of a downtrend or support at key Fibonacci/Gann levels.
Volume-based outlook using VSA methodology and key price levels ? Daily Timeframe (D1): The April 28 daily bar formed a bullish Wide spread bar on high volume. However, price is now approaching a key resistance zone at 3.4714, where sellers previously showed control. ? Hourly Timeframe (H1): On the M60 chart, we’re seeing the development of an ascending channel. Just like on the daily, there’s also a bullish wide-spread bar with high volume, signaling the presence of a strong buyer in the market. However, we haven’t seen a test of that buying effort yet — I'm marking 3.2556 as a likely test zone. If price breaks and consolidates above the daily level 3.3714 today, this would confirm buyer strength and open the way toward a breakout above the recent swing high at 3.4501. If the market closes below 3.3714 today, watch for price action near the 3.2556 test level: If buyers hold 3.2556 → potential targets: -3.3714 (retest) -3.4501 (swing high) If 3.2556 fails and price consolidates below → watch for a deeper move toward: -Lower boundary of the current range -Low of the bullish effort bar at 3.0785 Disclaimer: This content is for educational purposes only and does not constitute financial advice. #TechnicalAnalysis #DayTrading #VSA #NG #HenryHub #NaturalGas #FuturesTrading #VolumeSpreadAnalysis
In this video, we will be looking into the potential price action BTCUSD.