We finally are in capitulation zone (SPOT buy area) . New lower low is in place as it was expected . There's still TIME for bears to push prices to the 72k - 73K area but we are due for a bounce within the next three 4hrs candles whatever the drop is that's gonna be the BOTTOM . If we bounce from the $75500 line then the bounce most likely will be short lived but if the drop is fast and near the 73K area then first target after the bounce will be the 79k area. Let's see how this plays out boys and girl so grab your chair and popcorns it's gonna be fun. We will be following the move as it develops. Let's make some money boys. Low leverage recommended . What's the name of the game DO NOT GET LIQUIDATED. Note: for SPOT just buy and sell when the Daily Cycle is completed in about 2 or 3 weeks or when is above the 85k area which ever comes sooner. imo
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 145.2/61.80% Chart time frame: D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress: C A) Keep rising over 61.80% resistance B) 61.80% resistance C) 61.80% support D) Hit the bottom E) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Bitcoin has reached a critical resistance level within its long-term ascending channel. A possible correction towards the $58,000 - $48,000 range could occur before the next upward impulse. The blue dashed trendline represents a key support level that, if broken, may lead to a deeper retracement. However, a bounce from this area could trigger a bullish continuation towards the upper channel resistance at $120,000 in the long run. Key levels to watch: ? Resistance: $78,359 ? Major support levels: $58,632 & $48,324 What are your thoughts? Will Bitcoin retrace before its next bullish move? ?
Different support and resistance https://www.tradingview.com/x/vw4ygVfn/
Lots of levels getting filled or near filled. Leads me to believe we may be close to a bounce. At least a short term bounce
? ? ? Market-Moving News ?: ??? Japan-U.S. Trade Discussions ?: Japanese Trade Minister Yoji Muto is visiting Washington from March 9–11 to engage in discussions with U.S. officials. The talks aim to strengthen economic ties and address trade concerns, including potential exemptions for Japanese exports from proposed U.S. tariffs. These negotiations could influence sectors such as automotive and steel, impacting market dynamics. ??? China's National People's Congress (NPC) Developments ?: The 2025 National People's Congress is underway in Beijing from March 5–11. Key economic targets and policy directions set during the NPC may affect global markets, including the U.S., especially in areas related to trade, technology, and foreign investment. ? Key Data Releases ?: ? Tuesday, March 11: ? JOLTS Job Openings (10:00 AM ET) ?:This report provides data on job openings, hires, and separations, offering a comprehensive view of the labor market's dynamics. Forecast: 7.71 million Previous: 7.6 million ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult with a professional financial advisor before making investment decisions.⚠️ ? #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
Bearish Pressure on Gold: USD Gains - A declining gold price trend is evident as the US dollar appreciates.
Sell Entry Zone: Between 2885 and 2890 Take Profit (TP) Levels: TP1: 2880 TP2: 2875 TP3: 2870 TP4: 2865 TP5: 2860 TP6: 2855 TP7: 2850 Trade Analysis: This signal suggests a potential downward move in Gold, expecting price rejection from the 2885–2890 zone. Multiple take profit levels allow traders to secure partial profits along the way. Traders should manage risk and SL levels Confirmation through price action or technical indicators (e.g., RSI, MACD, or moving averages) can strengthen the entry decision.
Hello, traders Gold is moving inside a clear ascending channel, with the upper boundary acting as long-term resistance and the lower boundary providing dynamic support. Price has been respecting this channel, with multiple touches on both the upper and lower boundaries, reinforcing its structure. Recently, the price formed a double top near the upper boundary, a classic reversal signal suggesting bullish exhaustion. If the price continues to hold below this level, it could lead to further downside. The next major support is around 2,780, which aligns with a previous support level and also falls within the golden pocket on the Fibonacci retracement, making it a significant area for a potential reaction. However, if the price reclaims the double-top region and pushes above recent highs, it would invalidate the bearish outlook and suggest another attempt to break the channel’s upper boundary. For now, the structure remains bearish, with 2,780 as the main downside target.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim