First of all, pay attention to the timeframe; it’s a daily timeframe, and this analysis is time-consuming. The subwaves of this index are numerous, even in higher timeframes, which results in multiple technical analysis scenarios. However, we always identify the most probable scenario. Given the lack of a drop in Bitcoin dominance over the past weeks, despite losing the trendline, it can be inferred that the wave structure of this index is likely not yet complete. From the bottom, we believe there is a double combination pattern, with both combinations appearing to be diametrics. It seems that the primary peak of Bitcoin dominance will be within this red zone. The waves have been marked on the chart. Overall, it appears that this index intends to hunt a specific area before dropping. Let’s see what happens. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
On December 10, 2024, we had a look at the weekly chart of NYSE:BA Boeing and it was a very good opportunity to get into this stock. Since then, we made over 20% in under one month. https://www.tradingview.com/chart/BA/ArEB7BXr-Boeing-Seller-Exhaustion-sets-in/ After consolidating for nearly three weeks, we may have another chance to get in for the next leg up to $200. The only thing to worry about are the earnings on January 28. Those could have a huge impact on the stock price, but chances are the impact will be positive. Since 2024 was a very challenging year for Boeing with lower net orders booked compared to Airbus the comparisons are much easier to beat than it is for Airbus. Boeing experienced a decline in various metrics last year. The company recorded 569 gross orders, representing a 61% decrease compared to the previous year. Cancellations increased by 50 units, mainly due to the anticipated cancellation of 135 jets ordered by Jet Airways. Net orders fell by 71% to 377 orders, and the net order value also decreased by 71% to $33 billion. This reduction in orders is attributed to the uncertainty surrounding Boeing's production schedule, which makes it less attractive for airplane orders. Deliveries fell by 34% to 348, and the delivery value decreased by 35% to $26.1 billion due to the grounding of the Boeing 737 MAX 9 and a subsequent strike. If we assume no further crashes or problems with Boeing aircrafts the numbers are easier to beat, and we come from a very low base. In addition, most analysts are quite conservative right now. Looking at the technical setup we just bounced from the 0.382 fib from the current upward movement. Below the fib we have another support at around $160 as well as a resistance at $200 with an open gap. Assuming no surprises during the earnings we’re up for another leg up to $200 (15% ROI). Target Zones $198-200 Support Zones $165 $160
OANDA:EURCAD is currently testing a significant resistance zone. This area has seen strong selling pressure, leading to notable bearish moves. The recent bullish push into this resistance zone suggests a potential for sellers to regain control. A bearish confirmation, such as rejection candles, bearish engulfing patterns, or long upper wicks, would increase the probability of a downward move. If this scenario unfolds, the price could head toward the 1.49017 level. Traders should remain cautious and wait for clear signs of selling pressure before considering short positions. Proper risk management is essential, given the possibility of a break above the resistance zone.
Gold prices have experienced a relatively obvious oscillation in recent times, and the current price is around $2,730. Gold prices formed two important lows in November and December (about $2,619 and $2,656). These two lows form a standard double bottom pattern, indicating that the price may reverse from the downtrend and enter an upward channel. This pattern is often regarded as a strong bullish signal. 2. **Confirmation of the rising channel** Then, the price oscillated upward along an upward trend line (green channel line), repeatedly gaining support at the lower edge of the channel and encountering resistance at the upper edge of the channel. The current price is close to the upper edge of the channel (about $2,730), indicating that bulls are still in a dominant position. The integrity of the channel strengthens the upward trend of the market. 3. **Key resistance and support levels** The price recently broke through the key resistance level of $2,724 and further tested new highs. If the price continues to rise, the next target may be at $2,750 or even higher. If the price pulls back, it may test the support strength of $2,724 below. If it fails, it will further pull back to around $2,700. 4. **Short-term trend analysis** The arc shape marked by the red curve shows that the price fluctuates several times and gradually rises, indicating that the bullish force in the market is relatively strong. As can be seen from the right side of the current chart, the price is breaking upward and may continue to rise in the short term, but it is necessary to be wary of overbought pressure after touching the upper edge of the channel. 5. **Risk warning** Although the overall trend is bullish, if the price cannot stabilize above $2,724, it is necessary to be wary of the risk of a pullback. In addition, the pressure zone on the upper edge of the channel is worth paying attention to, and a failed breakthrough may trigger a short-term correction. Overall, the current technical performance of gold is optimistic. If it can stabilize above $2,724 in the short term, it may rise further. However, investors need to pay close attention to the performance of key support and resistance, and make decisions based on fundamental factors (such as Fed policy and geopolitical risks).
Price had a big push to the upside as you can in the illustration with the path tool creating a strong bullish leg. Then price had a retracement the which engineered a push to the up side that merely could break the previous high. Which i now see it a liquidity grab. Price has from a bearish entry model for me so we are going for shorts now.
Analysis of Gold (XAU/USD) on 8H, 4H, 1H, and 30M Charts 1. Price Action Analysis • 8H Chart: The bullish candlesticks clearly show strong upward momentum. The last candle broke above the previous consolidation zone, confirming a bullish continuation. Price action is forming higher highs and higher lows. • 4H Chart: A clean bullish breakout occurred, with rejection wicks forming at lower levels, showing buyer dominance. The price is approaching a potential resistance zone near $2,740. • 1H Chart: Multiple bullish candles suggest consistent buying pressure, but smaller wicks at the top indicate slight hesitation, hinting at possible short-term pullback or consolidation. • 30M Chart: Strong upward movement with shorter pullbacks. However, the upward momentum is slowing slightly, indicating the potential for a brief correction before continuation. 2. Range-Bound Analysis • Price has broken out of a prior consolidation range, confirming a new upward trend. Current range is between $2,710 (support) and $2,740 (minor resistance). 3. Technical Indicators • Volume: Noticeable increase in volume on the breakout candles, confirming strong buyer interest. • Momentum: RSI likely approaching overbought conditions (not displayed), but the trend remains intact. • Moving Averages: Short-term MA (likely 10-20 period) aligns with price action, supporting bullish momentum. 4. Support and Resistance • Immediate Support: $2,710 - $2,715. • Immediate Resistance: $2,740. • Key Breakout Zone: If $2,740 is breached, next target is $2,760-$2,770. 5. Trend Analysis • The trend across all timeframes remains bullish, driven by strong price action and volume. However, minor retracements might occur due to short-term profit-taking. 6. Wave and Harmonic Analysis • Wave Analysis: Price is in an impulsive wave up, likely Wave 3 if Elliott Wave theory applies. • Harmonic Patterns: None evident on the current chart but further price movement above $2,740 could signal a possible ABCD continuation. 7. Market Volatility and London Session Outlook • Expect increased volatility as the London session overlaps with other major sessions. A minor retracement to $2,715-$2,720 is possible before a continuation toward $2,740 or higher. Trading Plan Primary Setup: Buy Stop for Breakout Continuation • Entry Price: $2,743 (above key $2,740 resistance). • Take Profit (TP): $2,760 (next resistance zone). • Stop Loss (SL): $2,722 (just below immediate support at $2,725). • Risk-Reward Ratio: ~1:2 (good balance for breakout trades). • Confidence Level: 80% (trend and momentum align strongly). Why? • Entering above $2,740 ensures you’re riding confirmed bullish momentum while staying clear of fakeouts. • The SL below $2,722 protects against a deeper pullback. Secondary Setup: Buy Limit for Pullback Entry • Entry Price: $2,718 (near retracement zone). • Take Profit (TP): $2,740 (retest of resistance). • Stop Loss (SL): $2,705 (below retracement low). • Risk-Reward Ratio: ~1:1.5 (good for a tighter entry). • Confidence Level: 70% (depends on retracement depth). Why? • Buying at $2,718 catches a healthy pullback within the bullish trend. • $2,705 is far enough to protect against volatility without overexposure. Final Thoughts • If price breaks $2,740, the bullish continuation setup will dominate. • If price retraces to $2,715-$2,720, take advantage of the pullback for a lower-risk entry. Stay disciplined and wait for confirmation on price action at these levels. This ensures risk is managed tightly.
SELL 1.66400 | STOP 1.67000 | TAKE 1.65800 | Correction moving at resistance range.
The chart is making series of HH and HL hence in bullish trend. There is no divergence on RSI.
Falling wedge and fibonacci extension targets. * What i share here is not an investment advice. Please do your own research before investing in any digital asset. * Never take my personal opinions as investment advice, you may lose all your money.
Price Has met an equal high. I am looking for price to pullback so I can re enter the bullish continuation. I don't see any major signs of reversal. The federal reserves are still looking to cut rates on the dollar. This will not attract investors at the moment. They will resort to other investments and will turn to Gold to keep their investments safe. If You look on the larger time frames, we have been sitting on a 4-month range.