Get started

Chart Patterns

24.12.30 GOLD WEEKLY OUTLOOKHello traders, This week is the New Year's week, defined as "the last quiet week," as the Non-Farm Payroll data release has been moved to the second Friday of January, so there won't be any significant data releases affecting the market this week. It's worth noting that after Yellen's speech, market attention has gradually shifted to the U.S. Treasury's debt ceiling issue. Yellen mentioned: "The Treasury expects to reach the new debt ceiling between January 14 and January 23, at which point the Treasury will need to begin taking extraordinary measures." The TGA (Treasury General Account) is the U.S. Treasury's main operating account at the Federal Reserve, used to manage government revenues and expenditures, including tax revenues, debt issuance proceeds, and federal government payments (such as Social Security and Medicare). TGA account management has significant implications for monetary policy as it directly affects market liquidity levels. Impact of TGA balance changes: Balance increase: Withdraws liquidity from the market Balance decrease: Releases liquidity to the market Yellen's speech implications and potential impacts can be understood as follows: 1. Yellen's speech suggests that liquidity in the first quarter of 2025 will become very "complicated." She is also leaving an "empty TGA account" for the incoming Treasury Secretary Bessette. 2. Current TGA Account Status According to the bill passed by Congress in June 2023, the debt ceiling has been suspended until early 2025. Starting January 2, the U.S. government will not be allowed to take on new debt. Currently, the TGA account balance is approximately $735 billion, close to the policy minimum requirement of $700-800 billion. This means the market realizes there is no "balance" left to flow out of the TGA account. 3. U.S. Government Temporary Spending Bill Recently, both parties in Congress reached a $340 billion temporary spending bill. Yellen indicated that funds from this temporary spending bill will be used to continue government operations. Note that this bill expires on March 24. 4. The U.S. individual tax filing season starts from mid-April to mid-June, when self-employed individuals, freelancers, and those with investment income need to pay taxes. This means TGA account liquidity replenishment won't occur until mid-April at the earliest. Yellen's operation is actually a rather clever "political legacy": - Reaching debt ceiling in mid-January - Temporary spending bill expires March 24 - Tax filing season starts mid-April This timing creates a "liquidity vacuum period" coinciding with the critical early period of the Trump administration. Therefore, 1. On the surface, it appears as normal fiscal operations 2. In reality, it presents a thorny "opening challenge" for Trump's new government. This arrangement can be seen as a form of "institutionalized political contest," using legal fiscal operations to pressure the next administration. Potential Impact of Tight Liquidity on Gold Commodities 1. Increased Safe-Haven Demand - Tight liquidity may trigger market volatility - Political uncertainty increases (new government and debt ceiling issues) - Investors may increase gold allocation demands 2. Dollar Trends - Tight liquidity may lead to rising USD liquidity premium - But if Fed forced to take countermeasures, could weaken dollar - Dollar weakness typically supports gold prices Therefore, the fundamentals for commodity price increases are appearing again in the opening season of 2025. Last Friday's internal reminder: During U.S. trading hours last Friday, gold experienced a pullback. However, during Monday's Asian early session opening, gold reversed and showed an upward trend, currently still operating within resistance zone 1's pressure area. The short-term bullish plan for gold remains unchanged, just requiring patience in waiting for new entry opportunities. Targets remain: TP1: 2672 fibo 618 retracement level TP2: 2696 fibo 786 retracement level TP3: 2710 fibo 886 retracement level GOOD LUCK! LESS IS MORE!
OANDA:XAUUSDLong
by FUNTRADER-Vera
BUY NOWThis chart depicts an inverse head-and-shoulders pattern, a bullish reversal signal, alongside a rising channel. Here’s a breakdown of the potential strategy based on the chart: Key Observations: 1. Inverse Head and Shoulders: Left Shoulder: Initial peak followed by a decline. Head: Deeper low at "TOP 2." Right Shoulder: Higher low compared to the head, signaling potential reversal. 2. Rising Channel: Price is currently trending upward within a parallel channel. 3. Entry Zone: Around $2,620.27 (highlighted area near the breakout of the neckline). 4. Targets: First target: $2,658.13 (as marked). Second target: Potential continuation above the rising channel if momentum holds. 5. Stop Loss: Below $2,600.30 to mitigate downside risk in case of pattern failure. Trading Idea: Buy Entry: On a successful breakout above the neckline ($2,620.27) or upon retesting the lower end of the channel. Take Profit: Scale out near $2,658.13 or higher. Risk Management: Use a tight stop loss below the rising channel or neckline. Would you like further refinements or detailed analysis on this?
FOREXCOM:XAUUSDLong
by SOPHIA_06
New Setup: MEISlim pickings coming out of last week's on quality momentum stocks -- however going thru my stock scanner I managed to find a setup. MEI : I have a swing trade setup signal. I'm looking to enter long if the stock can manage to CLOSE above the last candle high(BUY). If triggered, I will then place a stop-loss below (SL) and a price target above it(TP-50%,move SL to breakeven), then using the close below the 10SMA as my trailing stop loss. **Note: The above setups will remain valid until the stock CLOSES BELOW my set stop-loss level(SL). Coming Soon! Youtube.
NYSE:MEI
by StockHunter88
Bitcoin at Critical Support: Will It Hold or Breakdown?We’re currently looking at Bitcoin on the weekly chart with 6 days remaining before this candle closes. It’s sitting at a key support level of $93,416.91, and Bitcoin needs to maintain this support for the bullish momentum to continue. If this critical support level breaks, we could see a bearish crossover, with the 9 EMA crossing below the 4 SMA. This could trigger a sharp decline and potentially lead to a panic sell. The next key support is at $87,328.39, which we’ll need to hold. We’ll revisit this analysis when the next move unfolds. If you found this helpful, please hit the like button.
INDEX:BTCUSD
by CryptocurrencyWatchGroup
IRCTC - Potential Bullish ReversalIRCTC - Potential Bullish Reversal with Elliott Wave Setup Key Levels and Zones : Current Price: ₹777.25 (-₹3.15, -0.40%) Support and Buying Zones: Wave C Completion Zone: ₹762.00 - ₹788.00 Extended Retracement Zone (Liquidity): Below ₹762.00 Target Zone: ₹978 - ₹1,008 Stop Loss: ₹728.80 Chart Analysis : Wave Patterns: The daily chart illustrates an Elliott Wave correction pattern with the following structure: Wave A: Initial decline signaling a bearish move. Wave B: Temporary corrective upward move. Wave C: Indicates a potential bullish reversal in the zone ₹762.00 - ₹788.00. Change of Character (CHoCH): ₹815.75 acts as a key level for a potential sentiment shift if broken. Support and Resistance Levels: Support: Green zone (₹762.00 - ₹788.00). Resistance: Descending trendline and target zone (₹978 - ₹1,008). Trade Plan : Entry Point: Long positions can be initiated within the Wave C completion zone (₹762.00 - ₹788.00). Targets: Primary Target Zone: ₹978 - ₹1,008. Stop Loss: ₹728.80 to mitigate downside risk. Conclusion : IRCTC’s daily chart reveals critical support and resistance levels, presenting traders with a structured trading opportunity based on Elliott Wave theory. By closely monitoring the Wave C completion zone and CHoCH level, traders can position themselves for potential bullish momentum with a favorable risk-reward ratio. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your analysis or consult a financial advisor before making investment decisions. #IRCTC #TradingPlan #ElliottWave #TechnicalAnalysis #StockMarket
NSE:IRCTCLong
by LiveTradingBox
HAVELLS : Connecting for recoveryHavells India Ltd. (HAVELL’S) - Bullish Reversal Zones & Targets Key Levels and Zones : Current Price: ₹1,649.90 (-₹26.50, -1.58%) Support and Buying Zones: Extended Retracement Zone: ₹1,574.50 - ₹1,632.95 Golden Retracement Zone: ₹1,629.30 - ₹1,683.35 Target Zones: First Target Zone: ₹1,821 - ₹1,839 Second Target Zone: ₹1,994.00 Stop Loss: ₹1,594.55 Chart Analysis : Wave Patterns: The chart showcases an ABC correction pattern suggesting a potential bullish move. Wave A: Initial decline marking the first corrective phase. Wave B: Temporary upward movement. Wave C: Anticipated upward rally within the target zones. Volume Activity: High trading volume at 548.91K indicates significant market interest. Trade Plan : Entry Point: Long positions can be considered within the extended retracement zone (₹1,574.50 - ₹1,632.95) or the golden retracement zone (₹1,629.30 - ₹1,683.35). Targets: First Target Zone: ₹1,821 - ₹1,839. Second Target Zone: ₹1,994.00 for extended gains. Stop Loss: Place a stop loss at ₹1,594.55 to manage downside risk. Conclusion : The daily chart of Havells India Ltd. identifies critical support and resistance levels, creating a robust framework for strategic trading. Traders can capitalize on potential bullish reversals for profitable opportunities while maintaining a favorable risk-reward ratio. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your research or consult with a financial advisor before investing. #HavellsIndia #TradingPlan #ABCPattern #TechnicalAnalysis #StockMarket
NSE:HAVELLSLong
by LiveTradingBox
JSWENERGY : at ease support zoneJSW Energy Ltd. (JSWENERGY) Key Levels and Zones : Current Price: ₹625.80 (-₹10.70, -1.68%) Support and Buying Zones: Extended Retracement Zone: ₹596.60 - ₹619.60 Wave C (Primary) Completion Zone: ₹594 - ₹610 Liquidity Sweep Zone: ₹553 - ₹565 Targets: First Swing Target: ₹747.00 Second Target Zone: ₹825 - ₹851 Stop Loss: ₹540.00 (on failure of Wave C and extended retracement zone) Chart Analysis : Wave Patterns: The daily chart shows Elliott Wave patterns (Waves A, B, and C). Wave C Completion Zone: ₹594 to ₹610 suggests a potential bullish reversal. Change of Character (ChOCH): A shift in market sentiment is observed, indicating a likely trend change. Future Price Projections : Bullish Scenario: If Wave C completes successfully, the price may rally towards the first swing target at ₹747.00 and the second target zone between ₹825 and ₹851. Bearish Scenario: Failure to hold the Wave C support zone could result in a drop to the stop-loss level around ₹540.00. Conclusion : The daily chart of JSW Energy highlights critical support and resistance levels. Traders can monitor these zones for strategic entry and exit opportunities, ensuring a favorable risk-reward ratio. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your analysis or consult a financial advisor before making investment decisions. #JSWEnergy #TradingPlan #ElliottWave #TechnicalAnalysis #StockMarket
NSE:JSWENERGYLong
by LiveTradingBox
$BA Analysis and Prediction for Boeing CompanyChart Overview: Instrument: Boeing Company (BA) Timeframe: Daily Chart Indicators and Features: Dark Pool Levels: Key levels at 183.30, 180.79, and 169.48. Trendlines: Red trendlines indicate resistance and support zones. Green trendline shows the long-term ascending support. Moving Averages: Likely 8 EMA, 21 EMA, and 50 EMA to confirm trend direction. Volume: Not visible but implied for confirmation at breakouts or reversals. Key Observations: Current Price Action: BA is trading near a dark pool resistance level at $183.30, which has shown historical relevance for reversals or slowdowns. The price has been in a consistent uptrend, supported by the ascending green trendline and staying above key moving averages. Resistance Levels: $183.30: Immediate dark pool resistance and psychological barrier. $186-$188: Potential extension target based on upward momentum, aligning with the upper red trendline. Support Levels: $180.79: Nearest dark pool support level. $176.87: Key support level aligned with the red trendline, acting as a potential bounce zone. $169.48: Strong support and dark pool level, marking the base of the current uptrend. Trendlines and Momentum: The red ascending channel suggests BA is nearing the top of its short-term range. The green ascending trendline reinforces the long-term bullish trend. Trading Scenarios: Scenario 1: Bullish Continuation: If the price breaks and sustains above $183.30, it could trigger further upside momentum. Entry: Go long above $183.30, confirmed with a strong candle close and volume. Profit Targets: Target 1: $186 (upper resistance). Target 2: $188 (potential upper boundary of the red trendline). Stop Loss: Place below $180.79, the nearest support and dark pool level. Scenario 2: Pullback to Support: If the price fails to break above $183.30, it may retrace to lower support levels. Entry: Go long at $176.87, where the price aligns with support from the red trendline. Profit Targets: Target 1: $180.79 (dark pool resistance turned support). Target 2: $183.30 (current resistance level). Stop Loss: Place below $176.00, just under the trendline support. Scenario 3: Bearish Breakdown: If the price breaks below $176.87, it could trigger a deeper correction. Entry: Go short below $176.00 with confirmation. Profit Targets: Target 1: $169.48 (strong dark pool support level). Target 2: $165 (potential psychological level and historical support). Stop Loss: Place above $180.00, invalidating the bearish move. Risk Management: Use a 1:3 risk-to-reward ratio to optimize trade profitability. Adjust position size based on individual risk tolerance. Volume Consideration: Watch for a volume spike at key levels ($183.30 for breakout or $176.87 for pullback). Increased volume validates institutional activity and provides confirmation for the move. Summary: BA is currently in a strong uptrend, testing significant resistance at $183.30. A breakout above this level could lead to further bullish momentum, while a failure may result in a pullback to key supports at $180.79 or $176.87. Traders should monitor volume and price action closely for confirmation at these levels.
NYSE:BALong
by thedarkpooltrader
Amazing breakout on Weekly Timeframe - GREAVESCOTCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. Checkout an amazing breakout happened in the stock in Weekly timeframe. Breakouts happening in longer timeframe is way more powerful than the breakouts seen in Daily timeframe. You can blindly invest once the weekly candle closes above the breakout line and stay invested forever. Also these stocks breakouts are lifelong predictions, it means technically these breakouts happen giving more returns in the longer runs. Hence, even when the scrip makes a loss of 10% / 20% / 30% / 50%, the stock will regain and turn around. Once they again enter the same breakout level, they will flyyyyyyyyyyyy like a ROCKET if held in the portfolio in the longer run. Time makes money, GREEDY & EGO will not make money. Also, magically these breakouts tend to prove that the companies turn around and fundamentally becoming strong. Also the magic happens when more diversification is done in various sectors under various scripts with equal money invested in each N500 scripts. The real deal is when to purchase and where to purchase the stock. That is where Breakout study comes into play. LET'S PUMP IN SOME MONEY AND REVOLUTIONIZE THE NATION'S ECONOMY!
NSE:GREAVESCOTLong
by Yoyohoneysingh93
USDT Dominance Chart Analysis. The chart shows a symmetrical triangle formation, indicating a potential breakout scenario. A break to the downside could lead to a significant decrease in USDT dominance, as the chart’s measured move suggests. A breakdown from current levels could result in a drop to 18.77%, aiming to move towards 3.50% dominance. Breakdown Scenario: If the dominance breaks below 4.30%, expect a drop towards 3.50%. This could be in line with a bullish scenario for the altcoin, as a decrease in USDT dominance often signals capital inflows into crypto assets. A move above 4.40% would invalidate the bearish setup and could signal further consolidation or an upside breakout. A drop in USDT dominance often correlates with altcoin rallies, as traders allocate capital to riskier assets. Wait for a confirmed breakout or breakdown with adequate volume before entering any position. Disclaimer: Chart patterns provide probabilities, not guarantees. Do additional research and ensure proper risk management before taking action. Let me know if you’d like further assistance or adjustments! DYOR. NFA
CRYPTOCAP:USDT.D
by CryptoSanders9563