The Dow Jones Industrial Average is currently approaching a critical juncture, as it risks breaking below and staying under the neckline of a potential double top pattern. A double top formation is typically a bearish signal, indicating a potential trend reversal after the price tests a key resistance level twice, failing to break higher. The neckline, which forms the base of this pattern, is the level that traders will be watching closely to determine the strength of this bearish signal. If the Dow breaks below and stays under the neckline, it could trigger further downside momentum as liquidity is swept from the market. However, it's essential to note that this initial breakdown could just be a "liquidity sweep," a move designed to trigger stop-loss orders and shake out weaker hands. For the Dow to maintain its bullish potential, it must quickly recover and hold above the neckline after this sweep. If it can do so, the market may find stability and begin to look for higher prices again, as the double top formation would then be invalidated, and a more bullish outlook could emerge. In summary, while the Dow Jones is at a pivotal moment, the key to higher prices will be whether it can hold above the neckline after sweeping liquidity. A failure to do so could signal further downside, but a strong recovery above the neckline would leave the door open for a potential rally. For now the Dow jones swept the liquidity under the neckline. However, it needs a quick recovery to maintain and find support on the neckline again. The risk that it now faces is the resistance of the 50, 100 and 200-day MA. Staying above the neckline and reclaiming these MA could be a massive bullish signal on the Dow Jones. Thanks for your support. - Make sure to follow me so you don't miss out on the next analysis! - Drop a like and leave a comment! Lets chat in the comment section. See you there :)
Chart Overview The EUR/USD 1-hour chart presents a classic falling wedge pattern, which is a bullish reversal setup indicating that selling momentum is weakening and a breakout to the upside is imminent. This chart provides a structured trading plan, highlighting support and resistance levels, entry points, stop-loss placement, and a target price. Traders can use this setup to capitalize on the potential bullish move while effectively managing risk. Let’s break it down step by step. 1. Understanding the Falling Wedge Pattern A falling wedge is formed when price action moves within two downward-sloping trendlines that converge. It signals decreasing bearish pressure, as the price forms lower highs and lower lows within a narrowing range. The decreasing range indicates that sellers are losing control, and an upside breakout is likely. In this chart, we observe the following key characteristics of a falling wedge: ✅ Two converging downward trendlines that contain price movement. ✅ Lower highs and lower lows showing seller exhaustion. ✅ Decreasing volume as the price approaches the breakout zone. ✅ Support near 1.08000, which has held price several times before. A breakout above the wedge signals a shift from bearish to bullish sentiment, making this a strong trade setup. 2. Key Support & Resistance Levels ? Support Level (Demand Zone) The horizontal blue zone at 1.07898 – 1.08000 is a critical support level. This level has been tested multiple times, making it a strong demand zone where buyers step in. The falling wedge bottom aligns with this area, reinforcing its importance. If price stays above this zone, it confirms the potential for a bullish breakout. ? Resistance Level (Supply Zone) The resistance zone at 1.09300 - 1.09839 has acted as a barrier to upward movement. Price previously reversed from this zone, making it a logical take-profit area. If the breakout happens, this level will be tested again. A break above 1.09839 would signal further bullish momentum. 3. Trading Strategy – Step-by-Step Execution ? Entry Confirmation To enter this trade with confidence, traders should wait for a confirmed breakout above the wedge. A strong bullish candle breaking above the wedge’s upper trendline signals entry. Ideally, a pullback and retest of the breakout level would provide additional confirmation before entering long. ? Stop-Loss Placement Risk management is key, and stop-loss placement should be strategic to avoid unnecessary losses. A stop-loss is set just below 1.07898, slightly under the recent low. This placement ensures protection against false breakouts. ? Take-Profit Target The take-profit target is set at 1.09839, aligning with key resistance and the projected wedge breakout distance. This level has historically acted as resistance, making it an ideal zone to exit profits. Partial profit-taking can be considered near 1.09300, before the final target. ? Risk-to-Reward Ratio With a tight stop-loss and a higher profit target, this trade offers a favorable risk-reward ratio (RRR). A minimum RRR of 1:3 is recommended, meaning potential reward is three times the risk taken. 4. Expected Market Behavior & Possible Scenarios ? Scenario 1: Bullish Breakout Confirmation ? If price breaks and closes above the wedge, we expect a rally towards 1.09300 - 1.09839. Pullback to retest the breakout zone would further confirm bullish strength. Strong volume would validate the breakout, leading to a high-probability move. ? Scenario 2: Bearish Breakdown (Invalidation) ❌ If price breaks below 1.07898, the bullish setup is invalidated. A downside move could push the price lower, possibly towards 1.07500 or below. Traders should exit long positions if this scenario unfolds. 5. Additional Technical Indicators for Confirmation To strengthen this trade setup, traders can use: ✅ RSI (Relative Strength Index) – Look for RSI divergence or a move above 50, confirming bullish strength. ✅ MACD (Moving Average Convergence Divergence) – A bullish crossover on MACD would reinforce the breakout. ✅ Volume Analysis – A spike in volume at the breakout level adds confidence in the move. 6. Conclusion & Trading Plan This falling wedge setup suggests a high-probability bullish breakout if the price confirms above the resistance zone. ? Trading Plan Summary: ✅ Wait for a breakout above the wedge before entering. ✅ Confirm breakout with a retest or strong bullish candle. ✅ Set stop-loss below 1.07898 to limit downside risk. ✅ Take profit at 1.09839, securing profits at resistance. This strategy offers an excellent risk-to-reward ratio, making it a well-structured trade setup. Always manage risk and avoid premature entries without confirmation. ? TradingView Tags for Maximum Visibility #EURUSD #Forex #TechnicalAnalysis #FallingWedge #Breakout #PriceAction #ForexSignals #SupportResistance #TradingSetup #DayTrading #SwingTrading
the pair reacted to trendline which its polarity has changed multiple times and is a robust one we will enter short on the pair as depicted on the chart SL is above 76.4% fibo and target are on the key level below RR>2 lets see what the market will play out
GBPJPY has been stuck on a nasty range we finally saw price broke to the upside. if buyers still manage to stay in control in the next coming week, we may see price test a key level
In my 18th March 2025 idea on Hang Seng Index, I said that an ending diagonal has formed for HSI and to prepare to short (linked in this idea). I also reiterate that it will be a sharp move down because that's what proceeds from an ending diagonal. Hang Seng Index had falled almost 1400 points since then. So what now? I believe that it is still a short because technically, it has broken a trendline. If you still have short position, you can adjust your stop loss just above the trendline. But if you have no position and is waiting to enter, my recommendation is to scale in your shorts, but definitely short it if and when price moves up to the trendline because support should turn into resistance. Good luck!
A very strong reaction to the POC (red line), a strong volume cluster which has given the perfect reaction for a long trade. Trade entered at $0.417, stop loss has already been moved up (trailing stop loss in case this is a failed rally). I went long Eth (posted on my channel) along with IMX and Arkham. Arkham is a fundamentally sound project. If Ethereum can continue to show strength, I’d expect the strong alt coins to continue to outperform BTC. Not financial advice, just sharing my trades for educational purposes only.
Bei den hohen Energiepreisen kommt diese Nachricht unerwartet. Dennoch lassen Statistiken von Herstellern darauf schließen, dass stolze 80 Prozent aller Heizungen in Deutschland regelrechte Energieverschwender sind. Und das auf schockierende 30 Jahre Betriebsdauer. Der Beitrag Schockierende Auswertung: 80 Prozent aller Heizungen in Deutschland verschwenden Energie erschien zuerst auf inside digital.
✅In dieser Woche zeigte Gold ein Korrekturmuster auf hohem Niveau. Der Preis erreichte im asiatischen Handel ein Hoch von 3047 $ und geriet anschließend unter Druck. Der europäische Handel wies eine enge Schwankungsbreite auf. Im US-Handel brach der Preis aufgrund von Marktstimmungsstörungen schnell ein, und der tiefste Intraday-Test lag bei der ganzzahligen Marke von 3000 $. Trotz einer kurzfristigen technischen Korrektur erholte sich der Preis an der wichtigen psychologischen Unterstützungsmarke. Der Tageskurs blieb weiterhin in einer hochgradigen Oszillationsstruktur, und die Trendwende wurde noch nicht bestätigt. ✅Der Tageskurs konnte das vorherige Hoch an drei aufeinanderfolgenden Handelstagen nicht durchbrechen und bildete ein Flat-Top-Muster. Sollte er Anfang nächster Woche tatsächlich unter das Unterstützungsband von 3000–2999 $ fallen, bestätigt dies die embryonale Form des Kopf-Schulter-Tops, und das theoretische Messziel deutet auf den Bereich von 2950–2930 $ hin. ?Oberer Widerstand: 3030–3040 (stündlicher MA50 + vorherige Hochdruckzone) ?Bull-Bear-Wasserscheide: 3000-Punkte-Marke (psychologische Unterstützung + Fibonacci-38,2%-Retracement-Level) ?Untere Unterstützung: 2995–2980 (50%-Retracement-Level + täglicher Bollinger-Mittelkurs) ✅Handelsstrategie: Der Markt befindet sich aktuell in einer Nachrichtenflaute, und die technische Seite dominiert den Markt. Es wird empfohlen, beim Rebound-Hoch zu shorten und beim Pullback-Tief zu longen: ?Aggressive Strategie: Versuchen Sie im Asien-Europa-Handel mit einer kleinen Position im Rebound-Bereich von 3030–3035 Short-Positionen zu platzieren. Stop-Loss über 3043, erstes Ziel 3005, zweites Ziel 2990. ?Konservative Strategie: Fällt der Kurs effektiv unter 2995, shorten Sie bei 3000–2998, Stop-Loss bei 3010, Ziel 2980–2965. ?Bullen-Verteidigung: Sobald der Kurs den Bereich von 2978–2982 erreicht, können Sie eine Rebound-Long-Order platzieren. Stop-Loss unter 2970, Ziel 3000–3015. ?Handelsstrategien sind zeitkritisch. Wir stellen unseren Mitgliedern Echtzeit- und präzise Handelsstrategien basierend auf Marktveränderungen zur Verfügung. Bleiben Sie dran!
2222 is also one of the stocks that are showing no indication that it will come higher anytime sooner. We'd expect from the price to drop to 23.90 before reversing, if you're welling to buy I advice you not to. While waiting for other opportunities, my clients and I are holding on 3 other stocks I will post as soon as the market starts going higher. Follow for more!
The market already retraced back to the fair value gap which gives us more strength to sell