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Supportandresistancezones

PLTR: Watch out for these turning points! (D&W charts)PLTR broke through the resistance at $38 that we warned about in our last study, triggering another bullish continuation pattern. It has also broken through an important resistance on the weekly chart, which further reinforces the bullish bias. Now we have to update the main turning points to keep an eye on over the next few days. The link to our previous study is below this post, as usual. Daily Chart (Left): Higher Highs and Higher Lows: The price structure on the daily chart shows a consistent pattern of higher highs and higher lows, suggesting strong bullish momentum. This pattern indicates that buyers are stepping in at higher levels after each retracement, maintaining the trend. Support Levels: Immediate support is found around $38.30, which aligns with a previous minor resistance zone that was broken and turned into support. Below that, $36.05 remains a significant support level, as it is near tthe 21-day EMA, making this a double support area. PLTR needs to lose this key point in order to reverse the mid-term trend and trigger a sharper correction in the weekly chart. PLTR would need to lose the double support level seen on the daily chart is order to trigger a pullback. Gap at $31.04 (D) + 21-Week EMA: These two key points would act as targetts if a sharper correction materializes. The gap at $31.04 seen on the daily chart could work as a magnet, attracting the price to lower levels, while the 21-week EMA is another reliable support level on the weekly chart. Weekly Chart (Right): Ascending Channel: PLTR has been trading within an ascending channel since mid-2023, respecting both the upper and lower trendlines. The price broke the upper boundary of this channel, indicating a potential acceleration of the bullish momentum towards its next target. All-Time High Target: The all-time high for PLTR is around $45.00, and it is its next resistance level, meaning, it is our next target. Conclusion: PLTR’s bullish momentum is well-supported on both the daily and weekly charts. The price is maintaining a solid structure of higher highs and lows, with $36.05 acting as the nearest support and $41.00 as the immediate resistance. If the price manages to break through $41.00 convincingly, the all-time high at $45.00 could be tested. A sustained breakout above the ascending channel on the weekly chart would further confirm the continuation of the uptrend. Traders might consider waiting for a confirmed breakout above $41.00 or watching for a potential pullback to $36.05 as a safer entry point. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
P
by Nathan_The_Finance_Hydra
4
NVDA: The Next Inflection Point! (D&W charts)Since our last study on NVDA, the price has successfully held above its critical support points, and we now see a good recovery. The “Above the Stomach” pattern that we identified last month has been triggered, and NVDA is now looking for its next resistance levels. The link to our previous analysis is below this post, as usual. Daily Chart (Left): Higher Highs and Higher Lows: The price is forming a series of higher highs and higher lows, which is a classic bullish trend pattern. This suggests strong upward momentum, with buyers stepping in at each retracement. Resistance Level at $131.26: The next key resistance level is $131.26. This price point coincides with a previous peak and also aligns with a broader resistance zone observed on both timeframes (D and W charts). If the bullish momentum continues, the price could retest $131.26, and even if it materializes a pullback to the 21-day EMA wouldn't ruin the bullish sentiment. Weekly Chart (Right): Above the Stomach Pattern: The weekly chart shows a recent bullish reversal pattern known as "Above the Stomach." This pattern, which we deascribed in our previous analysis, suggests a potential shift from bearish to bullish sentiment. Pivot Point at $131.26: The $131.26 area has been highlighted as a pivot point on the weekly timeframe, representing a key decision zone. A successful breakout and close above this level would likely trigger a more significant rally. Ascending Channel: NVDA is trading within an ascending channel, maintaining its bullish trajectory. The lower boundary of the channel has acted as reliable support, suggesting that the long-term trend remains intact as long as the channel is respected. Conclusion: NVDA is showing strong bullish signs, supported by the formation of higher highs and lows on the daily chart and the validation of a bullish reversal pattern on the weekly chart. The main level to watch is $131.26, as a breakout above this point could accelerate the rally. For those seeking a longer-term perspective, maintaining the trend within the ascending channel is crucial. If $131.26 is broken, the next potential target could be the ATH.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
DBCORP: Positive Trend with Buy Opportunity on DipsNSE:DBCORP : Positive Trend with Buy Opportunity on Dips NSE:DBCORP is exhibiting a positive trend, but careful attention is needed around key levels due to possible trapped trader zones. A buy-on-dip strategy near support may provide an optimal entry point. Support Zone: 335 – This is a strong area to consider buying on dips, with the last stop-loss set at 325 for risk management. Resistance Levels: 375 / 396 – Resistance here could lead to temporary pullbacks. Watch for a breakout above 396 to confirm strong bullish continuation. Price Action: The stock's behavior suggests some trapped traders, so it's essential to monitor price action closely for false breakouts. A buy-on-dip strategy near the 335 support could offer good risk-reward opportunities if the trend holds. Disclaimer: I am not a SEBI-registered Research Analyst. This analysis is for educational purposes only. Please perform your own research or consult a financial advisor before taking any trading decisions.
NSE:DBCORPLong
by Fight_Bulls_vs_Bear
Sellers unable to push USDCHF below 0.84; possible upward move?The U.S. dollar to Swiss franc currency pair (USD/CHF) had been trading sideways above a key support level on the daily chart, marking the lowest price since 2015. In addition, a double bottom pattern has formed, signaling that sellers have been unable to continue pushing the price below 0.8400. On Friday, Oct. 4, the USDCHF broke out of its sideways pattern on the daily chart, indicating potential buying momentum. A possible upward movement could take the price to the 0.8800 level in a few days. Hot US jobs report, lower-than-expected unemployment favours the dollar From a macroeconomic standpoint, Friday’s US nonfarm payroll (NFP) data came in well above expectations (254,000 actual vs. 147,000 forecast), pointing to a robust labor market with potential incoming growth over the coming months, which tends to favor the USD. The NFP data also appears to have led markets to price out expectations of an outsized 50-basis-point interest rate by the Federal Reserve at its upcoming meeting — which could have led to more weakening in the US dollar. The dollar has also benefited from safe-haven flows amidst rising tensions in the Middle East, with the IDF starting ground operations in Lebanon and Iran unleashing a large-scale ballistic missile attack on Israel for the second time. Therefore, from a technical standpoint, we can observe the following: USD/CHF at its lowest level since 2015. Formation of a double bottom on the daily chart. Sideways movement above support. Friday's breakout indicating a potential uptick in buying activity. From a macroeconomic standpoint, the following factors are in play: NFP data surpassed expectations (254,000 actual vs. 147,000 forecast). Unemployment rate came in lower than expected (4.1% actual vs. 4.2% forecast). Together, these factors suggest that USD/CHF could appreciate, potentially reaching 0.8800 in the near term. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom
XAUUSD Will Bounce For Today!Hello Traders! House Of Profit Analysis CUrrent Price : 2646 Today is monday and we need to keep that in mind that today market will move in range of 2632 - 2365 and big range. As of my analysis gold is going give us a strong buy today when it reaches the level of 2640 - 2635 or if it does go below then 2632. there is a zone which i doesn't mark 2650 - 2653 if we buy from 2638 we have to monitor whar prices do at this 2650 level if it does breaks it easily then we could keep our buy going! liking or following would be appreciated!
OANDA:XAUUSDLong
by HouseofProfit
Sell AUD/USD Triangle BreakoutThe AUD/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.6870 Target Levels: 1st Support – 0.6835 2nd Support – 0.6804 Stop-Loss: To manage risk, place a stop-loss order above 0.6916. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
26
Very Important Update!Price action is currently trapped between two key value areas. Until we reclaim the VAL above, i'm expecting lower prices to come, and the point of control below (yellow line) is the next target. CRYPTOCAP:BTC #BTC Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
COINBASE:BTCUSD
by Navitility
BITCOIN looks to push UPBitcoin recently hit a support level which for the past 4 days has been rejecting and bouncing off from. The support level consisted of a Monthly Pivot Point and a Fibonacci Golden Pocket (ratios 0.618 and 0.65). Today the market is trading above a Daily Pivot Point. We now have our first Resistance Level which is the Fibonacci Golden Pocket at 63944.45 to 64144.18. ==== (When the first Daily candle gets to this level, should it break through and close above, BITCOIN will be heading more up, should it reject on this level, the market is either going to consolidate or retrace from there). Should the market break through the first resistance it will be clear to be heading towards Resistance Level 2 which is at 68120.58 to 68282.28. ==== (There again we need the first day candle to break through and close above that in order to know that we are still in the uptrend, should the first day candle reject of that area, we are looking at some consolidation or possibly a retracement from there). <<<<<<<<<< Now This Is IMPORTANT To Note >>>>>>>>>> Resistance Level 3, this is an area that needs to be watched carefully, simply because we have not only a golden pocket at around, 70500 to 70600 BUT we have a MAJOR all time Trend Fib 0.786 level just below that. Should the market push up in time through the first 2 resistance levels, once it gets to the 3rd we will more than likely see a push through these Resistance 3 Levels with a Hard Pullback Rejection as this is targeting the ALL TIME HIGH AREA. Along with a Fibonacci Golden Pocket, A Fibonacci Trend Retracement Level, that area also includes Monthly Pivot Point Resistance Levels R2 and R3, which all in all is adding a lot of weight to that area making it very strong.
CRYPTO:BTCUSDLong
by avziofficial
5
Sell CAD/JPY Resistance ZoneThe CAD/JPY pair on the H1 timeframe presents a potential selling opportunity @ Resistance Zone Key Points: Sell Entry: Consider entering a short position around the current price of 108.25. Target Levels: 1st Support – 106.65 2nd Support – 105.48 Stop-Loss: To manage risk, place a stop-loss order above 109.02. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
15
SPY: A Critical Inflection Point! (D&W charts)In our last analysis last week, we had already identified a critical support point around $565, which is once again acting as a support, as expected. However, in the light of new evidence, we have to update the central point of the idea, and draw up possible scenarios for us to work on next. The link to our prevous analysis on SPY is below this post, as usual. Daily Chart (Left): Previous Top at $574.71: This level represents the recent all-time high, which has become a point of resistance after the price failed to maintain above it. Current Support at $565.16: The price is testing the $565.16 support area, which was previously a resistance level. It is now, for the second time, a crucial level to hold for the continuation of the uptrend. This is the most important inflection point for the SPY. 21-day EMA Support: The price is hovering around the 21-day EMA, adding more significance to this support zone. A daily close below this line could indicate a deeper pullback. Weekly Chart (Right): Possible Evening Star Pattern: The recent weekly candles form a potential evening star pattern, which is typically a bearish reversal signal, especially after a strong uptrend. This pattern is characterized by a small-bodied candle (potential reversal sign) followed by a bearish candle. Key Support Areas: The first support to watch is $565.16, aligning with the daily timeframe, followed by a more significant support at $539.44 if the evening star pattern confirms. Trend Continuation: If the pattern fails to confirm, a weekly close back above $574.71 would invalidate the bearish scenario and signal strength in the current trend. Conclusion: The SPY chart is at a critical juncture. The daily chart shows support holding at $565.16, which is a critical support level and inflection point for the SPY, as a break below this line could trigger a sharper sell-off. The potential evening star pattern on the weekly chart adds bearish pressure, and we should closely monitor the $565.16 level for further clues. If the evening star confirms, the $539.44 support could come into play as a downside target. For bullish continuation, holding above $565.16 and reclaiming the $574.71 level are essential. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
AMEX:SPY
by Nathan_The_Finance_Hydra
1
EURAUD ready to go up? Double bottom pattern on D1EURAUD ready to go up? Double bottom pattern on D1 The euro to Australian dollar (EURAUD) currency pair is in a support region on the daily chart and could show a possible upward movement over the next few days. EURAUD has just formed a pattern known as a “double bottom” around the support region on the daily chart at the 1.6000 mark – a significant area that previously held the price on June 26, preventing it from continuing to fall. Another element that supports the idea of ​​an upward movement in the coming days is the fact that the price accumulated a low of -6.85% between Aug. 5 and Oct. 2. In fact, the RSI reading on Oct. 2 was 29.47, signaling a possible oversold scenario. Bullish engulfing pattern: EURAUD may see buying momentum Today’s price action is showing a clear bullish engulfing pattern, with the current candle trading above yesterday’s high. This formation suggests a potential surge in buying momentum, following a touch on the support level on the daily chart (D1), indicating a possible shift in market sentiment. Analyzing the EUR/AUD setup, several bullish signals are emerging: The pair is currently in a support region on the daily chart (D1), which generally favors upward momentum. A double bottom pattern has formed on D1, another bullish indicator. The RSI dropped below 30 yesterday, suggesting the selling pressure may be exhausted. An engulfing pattern has developed on D1, indicating potential buying momentum could be ignited. These factors together suggest a possible bullish reversal in the near term. EURAUD may rise to 1.6275 in near term From a technical point of view, EURAUD has a chance to rise to the 1.6275 region over the next few days, where it should find temporary resistance. If the price manages to break above 1.6275, it is possible that it will rise to 1.6620 throughout the month of November. Events to watch: US nonfarm payrolls, ECB rate decision, RBA minutes Traders should closely monitor the release of the US nonfarm payrolls data on Friday, as it has the potential to significantly impact market movements. Additionally, those planning to hold positions for a longer term should keep in mind the European Central Bank’s interest rate decision on Oct. 17, which could drastically alter the outlook for EUR/AUD. The release of the Reserve Bank of Australia’s policy meeting minutes on Oct. 7 may also impact the strength of the Australian dollar. Recent forecasts and analyst polls have indicated that the RBA intends to maintain a restrictive monetary policy and keep rates on hold until the end of 2024, with a possible rate cut coming at some point in Q1 2025, which could weaken the Aussie. Disclaimer: 76.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Long
by Marketscom
AUDUSD / AFTER BREAKOUT THE CHANNEL - 4HAUDUSD / 4H TIME FRAME HELLO TRADERS After the breakout channel , the price continues to rise, indicating the market is in an uptrend and buyers are dominating, putting upward pressure on the asset. The price level of 0.689 is identified as a key support level. As long as the price stays above this, the uptrend is likely to If the price remains above 0.689, the analysis expects it to move toward the supply zone between 0.697 and 0.701, where there might be resistance or selling pressure. If a 4-hour candle closes below the 0.689 support level, it signals a potential bearish move. In this case, the price may decline and head towards the demand zone between 0.683 and 0.680. My Target : supply zone between 0.697 and 0.701.
Long
by ArinaKarayi
EURUSD / TRADING UNDER DOWNWARD PRESSURE - 4HEURUSD / 4H TIME FRAME HELLO TRADERS The prices are currently trending lower, indicating a bearish market sentiment. The next move depends on whether the prices break below or hold certain levels. Zone between 1.112 and 1.110 , This is identified as a key demand zone, meaning buyers may step in here to prevent further decline. If prices hold in this zone, there’s potential for a reversal upward. If the price closes below this range based on a 4-hour candle , it suggests continued bearish momentum. If prices fall below the demand zone, the next target would be between 1.107 and 1.104. This area is likely seen as a FVG , where the price may stabilize or find new demand. Stabilizing above 1.112 indicates bullish strength and suggests potential upward movement ,The next resistance levels are 1.117 and, if broken, the price could further rise to 1.122. Supply Zone : 1.117 and 1.125. Demand Zone : 1.112 and 1.110. FVG : 1.107 and 1.104.
Short
by ArinaKarayi
Gold OutlookAs Gold was consolidating from two days and have not given any clear direction ⬇️⬆️ now it seems like it has completed its consolidation phase and we can a All time High for this week as we are awaiting for Unemployment claims which can be distributing for TVC:DXY and Gold can fly as the forecast says it has higher ratio than previous week also we will be waiting for Institute of Supply managments data which can power up USD as forecast so we will careful at the time of news tomorrow we will have an important news of NFP which will crucial to decide the direction of Gold for next week As well as i am concerned what i am seeing through my technical data is Gold has formed a inverse head and shoulder pattern which is a bullish reversal pattern and as i have mentioned in my Chart gold has completed it 2nd shoulder after which i expecte a Boom in price here is important thing to remember is we have an ATH resistance waiting up there price can return from there for tomorrow Confluence is price is bullish over Monthly to weekly to Daily to H4 to H1 Previously Price has formed its bearish move on H1 but now it has got back to its bullish trend and following bigger time frames Wish u luck
OANDA:XAUUSDLong
by Wakeel_Saab