Ok this looks oversold. In fact, Oversold on multiple timeframe So here’s a technical analysis with potential price targets and trade direction: Current Market Conditions & Observations 1. Trend Direction: Bearish • The stock is in a clear downtrend, breaking multiple levels of support. • Break of Structure (BOS) labels indicate lower lows forming consistently. • A recent breakdown below support at ~$94.23 suggests further downside pressure. 2. Support & Resistance Zones: • Current support: ~$85.50 (testing support level) • Next major support: ~$80.00 (potential downside target) • Major resistance: $94.00 (previous support turned resistance) • Further resistance zones: $100 - $105 (if a reversal happens) 3. Indicators: • Stochastic RSI: Oversold territory (possible short-term relief bounce) • Volume: Elevated selling pressure, confirming the downward move. • Liquidity zones & Order Blocks: Price has entered a demand zone near $85. Trade Outlook & Price Targets • Short-Term Bearish Bias: The breakdown suggests continued downward momentum. If $85.50 breaks, next downside target is $80.00. • Possible Relief Rally: A short-term bounce could occur if buyers defend $85.50, but upside is capped at $94.00 unless strong momentum builds. • Long-Term Reversal: Would require a break back above $100-$105 to shift into a bullish structure. Trade Strategy Ideas 1. Bearish Scenario (Short Trade) • Entry: Rejection near $90-$94 zone. • Target 1: $85.50 (current support). • Target 2: $80.00 (major demand zone). • Stop-loss: Above $96.00 (invalidate bearish setup). 2. Bullish Scenario (Reversal Play) • Entry: If price holds $85.50 with strong volume. • Target 1: $94.00 (resistance). • Target 2: $100 (trend change confirmation). • Stop-loss: Below $83.00 (breaks structure). Final Outlook • Bias: Bearish unless $85.50 holds. • Short-term: Expect further downside pressure. • Medium-term: A break below $85.50 could lead to $80.00. • Long-term: Needs a reclaim above $100 to flip bullish.
EURUSD ( FX:EURUSD ) came to the above of the 100_SMA(4-hour) once again and managed to break the Resistance zone($1.039-$1.033) and Resistance lines , and today we saw EURUSD made a pullback to this zone. It is also possible that EURUSD will form an ascending channel , so we have to wait for the second hit to the Upper line and confirm its major point . I expect the EURUSD to trend higher after coming above the 100_SMA(4-hour) and attacking the next Resistance zone($1.0537-$1.04500) and Resistance lines . The First Target: $1.04651 The Second Target: $1.04981 Note: If EURUSD touches $1.0347, we can expect more dumps. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button ?? & Share it with your friends; thanks, and Trade safe.
PEPPERSTONE:COPPER has reached a significant resistance level, marked by prior price rejections and strong selling pressure. This area has historically acted as strong supply, suggesting the potential for a bearish reversal if sellers regain control. If the price confirms a rejection within this supply zone, I anticipate a move downward toward the 4.5230 level. This setup suggests the possibility of a retracement after the recent upward movement. Traders should look for bearish confirmation signals, such as bearish engulfing candles or strong rejection wicks, before entering short positions.
From a technical perspective, the current upper 2924-2930 range has become a resistance zone for further increases in gold prices. The stability of the market bottom shape and the overall stronger trend in late trading indicate that gold prices are expected to break through this resistance in the future and set a new intraday high. At the same time, the 2912-2907 area below provides solid support for gold prices and provides a strong guarantee for the continuation of the bullish trend. Therefore, in the late trading operation, we recommend that investors mainly go long on callbacks. Late trading operation strategy 1: It is recommended to go long in the 2918-2913 area, stop loss at 2907, and the target is 2930-2940.
Notice here after the drop, the market goes sideways. After going sideways we do not get another "drop," what we have is a bottom pattern. After the a bottom we get a reversal. A reversal signals the start of a new trend. A new trend is an uptrend and an uptrend means higher prices. Higher prices means that there is money to be made. Money to be made means that we have to take action. The action we take is simply to buy and hold. This sequence of events will lead to a positive scenario where we start with a certain amount of Crypto and end up with more. Low risk vs a high potential for reward. The risk is low because the pair is trading at bottom prices. Once we hit bottom, there isn't much lower to go. Potential for reward is high because we are approaching a bull-market. From bottom to top growth can reach off-the chart. Other worldly growth. The targets on the chart show potential up to 17,000%. We have 3900%, 10,300% followed by ~17,000%. Thank you for reading. Your support is appreciated. Namaste.
I see the GBPCAD market as follows: the first sfp short from the price of 1.785 and the next one is at the price of 1.795. If I look long, the first interesting level for me is around the support of 1.7695-1.7672. The next one comes out below this support and if the market breaks through it, I think we will go lower.
There is a key level on the hourly chart, I labeled it Hope, if price can reverse from that level we can continue the uptrend. Hope is also on the bottom of a Fair Value Gap. If price falls below 0.30 we are bearish. Let's hope for a bullish reversal candle and a bullish MACD(Chris Moody) soon.
Pinning after exhaustion of sales. ?I enter at the market price. ?The trade be closed manually or with a limit order by: 116775 I'll let you know when I record it manually. ‼️Risk per trade: 1% of the allocated funds for spot trading. Thank you!
Pinning after exhaustion of sales. ?I enter at the market price. ?The trade be closed manually or with a limit order by: 0.1973 I'll let you know when I record it manually. ‼️Risk per trade: 1% of the allocated funds for spot trading. Thank you!
Candles tapping ATH atm which is a sign of imminent rebound and fly , times running out and we have to lit the fire soon , anywhere between around 10 trillion to couple more would be a precious load off zone , tbh holding right above ATH with the nasty alts situation feels weird for me too but let’s hope mid range caps start getting back soon .