Overall bias remains bullish. The 15-minute timeframe is confirming a triangle pattern—watching for a breakout continuation.
Based of my analysis on the pair I see it going lower, as I have confirmed with a few factors which I would state now.. First of all you can clearly observe a head and shoulder chart pattern in formation.. Second being a FVG zone was respected and price didn't close above the zone... Third being the creation of new lower highs and lower lows.. #FOREXPAID #PIPSPAYTHEBILLS #FXSTORM
Is this pattern repeating in the H1 time frame as it does in the daily time frame? If so, another rally may be awaiting gold. Based on this pattern, gold could move up to the 3658 range during this phase.
Technical analysis of gold: This week, the trend of gold has been ups and downs, opening at 3332. So far, the high is 3500 US dollars and the low is 3260 US dollars. It surged by 100 US dollars on Monday, and continued to rise to 3500 highs in early trading on Tuesday before falling back. It plunged nearly 240 US dollars on Tuesday and Wednesday. The volatility slowed down on Thursday, and the overall intraday fluctuations remained within 3367-3288. Today, the weekly line closed, and the weekly line will compete for the closing of the Yin-Yang cross K line. The short-term is more intense. Judging from the consolidation on Thursday, there is no further decline, which also leaves room and suspense for today's weekly closing. If the weekly line closes lower, it is expected to adjust further next week. Pay attention to the closing strength and weakness of the weekly K line this week.
With the recent strength in US equities, the long gold trade may be over. Gold broke below a key trendline and formed a distinct bearish head and shoulder pattern signifying possible downside pressure coming up today and into the next week. Definitely worth watching for futures traders. First target with a break lower would be around $3240 with a lot of downside from there. https://www.tradingview.com/x/yTOTgzhU/
? PEPE BREAKOUT WATCH – DAILY TIMEFRAME ANALYSIS ?? Pepe (PEPE/USDT) is painting a textbook inverse head and shoulders pattern on the 1D chart — a classic reversal signal after a prolonged downtrend. The neckline around the 0.00000890 level is being tested now, and a confirmed breakout could ignite a strong bullish move. The last major rejection zone (highlighted in orange) around 0.00001674–0.00001691 acted as a strong resistance during the previous distribution phase. If PEPE breaks above the green neckline zone with solid volume, we could see a swift move toward the measured target at 0.00001500–0.00001775, a potential 85%+ rally from current levels. Volume is showing early signs of recovery, hinting at growing interest. If this pattern plays out, momentum traders and breakout chasers might jump in, pushing prices even higher. ? ? Key Support: 0.00000750 ? Breakout Target Zone: 0.00001400 – 0.00001775 ? Invalidation: Break below 0.00000750 on daily close ? As always, manage risk wisely and use proper confirmations. Memecoins are volatile, but when the chart aligns with sentiment, things can move fast. ??
Is US stocks really crashing? Everyone is saying so..... Using wave analysis, it still lack the 5th wave, so do not be surprise if another new high come
KFINTECH Is looking good to buy around 1000 after reversal confirmation, so lets watch and observe and keep it on radar
I first joined this site under the "HoleyProfit" username in 2021 to give my warnings of potential bear markets. Obvious bear setups forming in the meme mania and I also though this would extend into the indices given a bit of time. I was a bit early on the indices but over the following months all the tops were made and the drops came to pass. Late 2022 I began to pivot back to bull when there was signs of bear trend failure and by early 2023 I was fully in the bull camp. At the time I started to talk about a blow off top move. One which was exactly similar in size and style as the 2021 rally but the angle of the rally for a bit sharper. This would have predicted a parabolic run to somewhere around 6000 - which has since come to pass. Read the original post below. https://www.tradingview.com/chart/SPX/6ReTdpNa-Unsustainable-Market-Trends/ If my thesis that we were heading into a giant D leg was correct, then that would mean we have a top made. And we'd enter into super ugly market conditions over the coming months.
? Technical Analysis BTC remains above $85 000 and holds the $91 500 level, so targets remain $98 000 and $108 000. ? Fundamental Analysis • US spot-ETFs drew $442 M on Apr 24. • Network hashrate hit a 1 ZH/s ATH, underscoring record security. • Major players are withdrawing Bitcoin from exchanges. • MicroStrategy added 11 k BTC. • DXY is at 3-year lows and yields are down. • Post-halving issuance may meet only 20 % of ETF demand. • Latin-American remittance use keeps expanding. ✨ Summary Surging ETF inflows, record hashrate, shrinking float and broader adoption reinforce the bullish breakout, favouring a move to 98-100 k while BTC stays above 91 500 USDT. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!