Nasdaq (NDX) has been trading within a 4-month Channel Up and hit last Tuesday its 1D MA50 (blue trend-line) exactly on the Channel's bottom. Even though it marginally broke it, the 1D candle closed exactly on the 1D MA50, causing a strong bullish Friday reaction. As today opened equally green, we technically view this sequence as the start of the new Bullish Leg of the pattern, which may be confirmed today if the 1D RSI breaks above its MA (yellow trend-line), as both previous Bullish Legs did. Our Target is 22600, which represents a +9.00% rise, the minimum a Bullish Leg had within this Channel Up. ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ?????? ? ? ? ? ? ?
Symmetrical triangle formation near the top of the current movement suggests potential consolidation before a bullish breakout. The initial target is set at the psychological level of 1.29737 EUR (Fibonacci level 1), with the possibility of extending toward the Fibonacci 1.618 level at 1.46728 EUR if the breakout is strong enough. The use of the Tunnels and the Mega Trend All-in-1 indicators helps identify key rebound zones within the green tunnel and above the 20 EMA and 50 SMA. The chart aligns fully with a potential strong bullish trend, as indicated by the formation and order of the yellow, blue, and red tunnels. Additionally, the dotted green line (34 EMA) remains in an uptrend, providing an additional confirmation signal for a potential bullish breakout of significant magnitude
Good morning traders! Today's trade is on Oil, you can buy and set the same target and stop as mine. Follow for more!
We are really in the critical zone whether victory is ours or we have to return to the previous level where we are tired of it ($97.800) what ever it goes, nana kaori yaobi
The chart above is a photographic reference to the Xauusd idea posted .Analysis on the 1H chart.
I've provided all the details on my chart about this trade idea. Please let me know your thoughts.
The euro rises after the eurozone services purchasing managers' index was revised higher for December. The final PMI estimate was revised to 51.6 from a flash reading of 51.4 and is comfortably above November's 49.5. A level above 50 signals expansion in sector activity while a reading below that indicates contraction. The survey also showed services prices continued to rise at a quicker rate in December.
time to buy in short term...gold fall happened as we expected in last post...so i think a correction will happen here because a clear 5 wave structure happened here in gold at 15 min
Simple low risk supply and demand, order block and volume confirmation
This idea highlights a bearish continuation setup for XAU/USD after a rejection at the 2,637 resistance level. The price is respecting the short-term downtrend, forming lower highs and lower lows. A short position is taken with: Entry Point (EP): 2,637 Stop Loss (SL): 2,650 (above resistance zone) Take Profit (TP): 2,615 (key support level) The setup aligns with bearish momentum, and further downside is expected unless the price invalidates the trend by breaking above 2,650. Watch for bearish candlestick confirmations on smaller timeframes for added confidence." Let me know if you'd like any modifications or additional details!