after a quick top down analysis on gold. we can see that the daily trend line has now broken to the up side. breaking and retesting on the 1hr time frame. fib and fib extension tools are showing the next stop is 2718. perfectly lined with 4hr and daily engulfing candles and strong resistance at 2725. could we see a reversal here at this key zone to retest the broken trend before continuing to an all new high? Or will this be the start of a big correction move down?
Daily chart nifty forming Head & Shoulders pattren
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The proper downtrend has been grindingly reversed, we can expect an upward trend here, all RSIs show ETH as oversold, nice confluence of support lines and the prior descending channel's higher boundary established as support
https://www.tradingview.com/x/6hW3DMoJ/ Nasdaq pullback to 19000
https://www.tradingview.com/x/PjQVbWtG/ SP500 pullback to 5500
? BTC Update: Between the Fibs ? BTC is currently trading at 94.5k, stuck between two Fibonacci levels: 0.886 Fib = 97,765 0.786 Fib = 88,477 This range is a critical decision zone for the market. Consolidation here suggests indecision, but here's what might happen: ➡️ Odds of Hitting 0.786 (88,477): If the selling pressure increases, the price could test the 0.786 level, which can act as a key support for the next season. ➡️ Reversal and Move Back to 1 Fib (Origin): A bounce from 0.786 could signal a strong bullish reversal, with the price potentially climbing back toward the 1 Fib (full retracement). This would require strong buying volume and confidence returning to the market. ? Key Zone to Watch: The 94.5k level is a battleground. A breakout above 0.886 (97,765) increases the odds of continuing the uptrend. A breakdown below 0.786 (88,477) might lead to further bearish momentum. If BTC doesn't touch the 0.786 Fib level, it signals that buyers stepped in early, showing strength and confidence in the uptrend. ? Skipping 0.786 suggests strong demand, reducing the need for deeper retracement. Higher Low Formation: The price might establish a higher low above 0.786, confirming the bullish structure. ? Stay sharp—confirmation above 0.886 Fib is crucial before we go anywhere further! P.S. Once a new high is made, the current setup will be automatically invalidated and the fib structure will reset! ?
Technical Analysis and Outlook: During the recent trading session, the S&P 500 demonstrated a robust rally, exceeding a notable support level at 5872. This upward movement, however, resulted in a significant decline of the index to a critical support level at 5870 and lower lows. The volatility associated with this upward trend has introduced instability by destabilizing the bullish trend by flagging a new downward target marked at Outer Index Dip 5645. However, it is crucial to acknowledge that encountering subsequent support levels of Mean Sup 5770 may trigger a substantial rally, potentially leading to the Mean Res at 5920, before plunging again to drop toward the targeted level of 5645.
https://www.tradingview.com/x/3FtqiVU6/ US30 pullback to 40k
Technical Analysis and Outlook: The Eurodollar has experienced a significant increase during this week's trading session, surpassing our initial target of Mean Resistance at 1.034. It then encountered strong resistance at a Mean Resistance of 1.043, leading to a notable pullback that brought it down to an Outer Currency Dip of 1.025 and lower. We are now looking at the next target at Outer Currency Dip 1.020, with additional extension levels at Outer Currency Dip 1.016 and 1.005, respectively. Reaching our first target, Outer Currency Dip 1.025, will likely trigger an interim rebound toward the designated level at Mean Resistance 1.030.