Looking for possible longs from this POI. HTF Bias bullish, H1 MSS + RTO seen, let's hope to get the buys
The stock price has surged rapidly, nearly reaching the $30 mark, after a strong bullish shift emerged following the company’s latest earnings report. At first glance, the results were mixed: sales came in at $1.28 billion for Q4 2024, down from $1.8 billion in the same quarter of 2023. However, net income held strong at $131 million, compared to $63 million a year earlier. This disparity in results created volatility in the stock price. Adding to the bullish momentum was the announcement that GameStop plans to sell assets to create a strategic reserve in Bitcoin, which helped fuel the rally in recent hours. Breakout from Bearish Channel: The stock had been trading within a downward channel since early January, but recently broke out with a strong bullish move. The speed and strength of this breakout may lead to short-term selling corrections as the price stabilizes. RSI Indicator: The RSI line is now approaching the overbought zone around the 70 level. As price action continues at these levels, the market may be showing signs of imbalance due to excessive buying pressure, which could open the door to bearish corrections in the upcoming sessions. Key Levels to Watch: $31: A nearby resistance level, marking the highest price zone reached earlier this year. A sustained break above this level could trigger a strong short-term uptrend. $25: A support level aligned with the top of the previous bearish channel and the 61.8% Fibonacci retracement. This could act as a tentative area for a short-term pullback. $19: A distant support level, corresponding to the lows from September 2024. If selling pressure brings the price back to this level, it could reactivate the broader bearish channel seen in recent weeks. By Julian Pineda, CFA – Market Analyst
? Market Structure & Pattern: The chart shows a broadening wedge pattern followed by a rising wedge formation. Price has reached the upper boundary of the descending channel, where a potential sell-off could begin. ? Bearish Outlook: The sell signal is indicated near 2,811 EUR, suggesting a possible reversal. The target area is around 2,769 - 2,700 EUR, aligning with previous support zones. If the price breaks below the wedge structure, further downside momentum is expected. ? Trading Plan: Bears may look for short opportunities around resistance. A break below 2,794 EUR could confirm further downside. Bulls should monitor price action for any rejection near support zones for potential buying opportunities. ⚠️ Risk Management: A break above 2,815 EUR could invalidate the bearish setup. Stop-loss placement above resistance is advisable to minimize risk.
Does BTC Still Have the Potential to Reach 90000 After a Deep Pullback? I believe BTC retains its potential to surge toward 90000. During the recent pullback, BTC managed to hold the 85500 level without breaking its short-term structural support. With the bearish momentum seemingly exhausted, BTC is poised for a potential relief rally. In the short term, as long as BTC stabilizes above 85500, a rebound to the 86800-87000 range is well within reach. If BTC manages to break through this resistance zone with strong momentum, it will regain the technical positioning to challenge the 90000 level once again. Therefore, I see a strategic opportunity to increase long positions around 86000, anticipating further upside potential. The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings, smart people have chosen to join the channel at the bottom of the article!
President Trump will announce new tariffs on auto imports during a press conference in the Oval Office at 4 p.m. ET, according to White House press secretary Karoline Leavitt. The headlines have weighed heavily on EUR/USD, pushing the pair to multi-week lows (now below 1.0750). However, it is hard to find sources that indicate that the tariffs announced today will apply to autos coming from Europe. Regardless of today’s announcement, Trump has promoted next week’s April 2 as D-Day for imposing reciprocal tariffs on all countries that maintain import duties on U.S. goods. So, the market might just be getting ahead of itself for good reason.
JP Morgan is neutral both on its 1D and 1W technical outlooks (RSI = 54.173, MACD = 7.520, ADX = 32.502), suggesting that it remains inside the best buy zone for the long term. As a matter of fact, having rebounded exactly on its 1W MA50, this is the best buy opportunity since October 23rd 2023, which was the last time it hit the 1W MA50. As shown, the long term pattern is a Channel Up and every contact with the 1W MA50 has coincided with a 1W RSI test of the S1 Zone. There is no better buy entry than the current level and we can safely aim for yet another +57.76% run (TP = $350.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
As we can see NIFTY has been falling since last 2 days now as we expected exactly from our supply zone! We should stand by our analysis as unless and until it sustains itself above 24000 psychological level, every rise could be sold so plan your trades accordingly and keep watching.
OANDA:EURCHF trend based analysis, we can see bearish trend in last period, we are have rectangle channel, which is breaked, price is start moving more bearish, its make few revers on sup zone, few touches of sup zone. Now we can see strong bearish candle, from here now expecting this structure is confirmed and we can see now higher bearish fall. SUP zone: 0.95500 RES zone: 0.94350
Gold Prices—Ahead of Key PCE Report - Gold remains in a consolidation phase after last week’s sharp pullback, with traders weighing economic data. Fundamental View: - A strengthening U.S. dollar and rising Treasury yields have pressured prices, but recent dollar weakness—down 3.4% for the month—has helped stabilise gold near the $3,000 level. Safe-haven demand remains elevated amid economic uncertainty, particularly around U.S. tariff policies. Markets are closely watching the potential impact of new tariffs set to take effect on April 2, with a more aggressive stance likely pushing gold toward $3,100, while a softer approach may lead to a temporary dip below $3,000. - Last week, the Fed held rates steady and projected two cuts for the year, reinforcing gold’s appeal as a non-yielding asset. Traders are now turning to Friday’s PCE inflation report— the Fed’s preferred inflation gauge. A softer reading would likely fuel expectations of rate cuts, supporting gold, while a hotter-than-expected number could strengthen the dollar and pressure prices lower. Technical View: - Current price action suggests indecision, with gold trading at $3,027.49. Key support lies at $2,995 – $3,005, with a break below this range potentially triggering a move toward $2,930 – $2,940. The critical longer-term support remains at the 50-day moving average of $2,874.97. - On the upside, a sustained move above $3,057.59 would signal a continuation of the broader uptrend, with targets at $3,100 and $3,150. As long as gold holds above $2,968.92, the bullish structure remains intact, and any pullbacks are likely to be short-lived.
The Euro so far this week has shown signs of weakness against the dollar and considering the break of 4H structure, we might as well consider going short as we target the nearest support level in sight.