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Trend Lines

I've already started shorting gold,and you?Bros, as I mentioned in my last article, gold rose to around 2660 as expected, but did not effectively break through, and the overall situation is still in the range of fluctuations. So in terms of trading, as I said in my last article, although from a structural point of view, it is conducive to supporting the rise of gold. But I did not chase the rise of gold directly. On the contrary, according to my trading strategy, I took 2660-2670 as the resistance area and shorted gold at 2660.33 as the transaction price. On the other hand, gold is in the range of fluctuations, so if gold wants to continue to rise, it must increase the liquidity of long positions, so gold needs to fall back to attract more long funds, so gold still has the need to fall back. Bros, have you also shorted gold?If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin
Alibaba - This Is Really Just The Beginning!Alibaba ( NYSE:BABA ) is starting to create a bullish reversal: Click chart above to see the detailed analysis👆🏻 After perfectly rejecting a major resistance level just three months ago, Alibaba now retested the previous trendline breakout area and bulls are immediately stepping in. If we actually see a break above the neckline of this bottom formation, we could even see new all time highs. Levels to watch: $80, $115 Keep your long term vision, Philip (BasicTrading)
NYSE:BABALong
by basictradingtv
1
Is the Dow Theory Still in Play?First of all what is Dow Theory? According to Dow Theory, it's all about Higher Highs (HH) and Higher Lows (HL) or Lower Highs (LH) & Lower Lows (LL). These the building blocks of an uptrend or downtrend respectively: (You can further google it) Together, a series of HHs and HLs suggests that the market's upward momentum is intact. Now Let’s take a look at the weekly chart: Previously, The market was locked in a downtrend, consistently making Lower Lows and Lower Highs. But the pattern broke when the price could not broke the previous low (LL) of 14.42 (closing basis) and formed a new high at 19.45 (Breached Previous HL). Since then, the sequence of HHs and HLs started, with the latest Higher Low at 24.36. As long as the price respects this pattern, the uptrend remains intact. However, there are challenges ahead. Athough, the EMA 89 (Fib) is offering support on the weekly chart, but a significant trendline resistance is there on both the weekly and monthly timeframes (marked in red) which is lower there on the graph from the previous HH. Breaking this resistance and the previous Higher High (HH) will be a little bit crucial, but a retest of the trendline may occur if the breakout is successful. Note: I’m also a learner and open to suggestions. If you spot any errors or gaps in my analysis, feel free to share your thoughts. Thanks!
PSX:GWLC
by PSX_Learner
PROYECCIÓN 09/12/2024On Sunday night, the price had a strong and clean reaction at my 0.618 Fibonacci level, which initiated a bullish structure. This was followed by a pullback to the 0.5 Fibonacci level. Based on this, I identified two key levels in the morning for potential trades, which I marked in red: the high and low of the last one-hour candle. A few minutes later, the price broke above the upper level, prompting me to enter a buy position with a risk-to-reward target of approximately 1:3. The trade ended up being a winner within minutes. I’m a trader with around 8 months of experience, and I’ve decided to start sharing my trades to expand my knowledge and receive constructive feedback. Over time, I aim to improve both the format and the professionalism of my posts.
Long
by GuillermoJA
1
Full Truck Alliance | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Full Truck Alliance - Double Formation * WXY Ranging Template | Subdivision 1 * 10.40 USD | 0)) Retracement Number - Triple Formation * Flag Structure | Subdivision 2 * Retracement Number 0.5)) At 11.40 USD * 345 Template | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:YMMLong
by TradePolitics
GoPro | GPRO | Long at $1.35NASDAQ:GPRO is a strong brand name, but with a dying userbase / lack of growth. The company has no major turnaround planned, but the chart is interesting. The stock seems to be currently consolidating as the historical simple moving average (white line) is working its way down toward the price - which often leads to a jump. Another candidate for the Santa Claus rally? Or, will the "value" lead to an acquisition? Nothing is guaranteed, but something may be brewing. While not a long-term "buy and hold" candidate for me (personally, unless the business changes or growth seems relevant), it looks very intriguing from a technical analysis perspective. Thus, at $1.35, NASDAQ:GPRO is in a personal buy zone. Target #1: $1.70 Target #2: $2.00 Target #3: $2.50 Target #4: $2.88 (if some good news emerges...)
NASDAQ:GPROLong
by WorthlessViews
Short Signal on EDUUSDT / Making profit even in Bleeding MarketBINANCE:EDUUSDT 📈Which side you pick? Bull or Bear Low-risk status: 3x-4x Leverage Mid-risk status: 5x-8x Leverage (For beginners, I suggest low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone ⚡️TP: 0.6725 0.6375 0.5955 🔴SL: 0.7923 🧐The Alternate scenario: If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Short
by CrazyS
2
Beyond | BYND | Long at $6.00Beyond NYSE:BYON . The bad: Highly speculative play. Currently unprofitable and not forecast to become profitable over the next 3 years. Has less than 1 year of cash runway. The good: Insider buying below $10 (especially in the $6-$7 range) is outweighing insider selling. The last dip below $7 saw the Officer and Director grab over $1.5 million worth of shares. Chart setup is nice, although a move to the high $4 area is not out of the question. The gap above the current price is a great target area as the price seems to be consolidating. Float=45M, short interest=17%. Could get squeezed, or ... The company's blockchain assets, tZERO and Medici, are significantly more valuable than the retail ops based on current market values. Recent layoffs may help with future profitability. Acquisition candidate. Santa rally? At $6.00, NYSE:BYON is in a personal buy zone as a purely speculative play. Target #1: $7.50 Target #2: $8.50 Target #3: $9.30
NYSE:BYONLong
by WorthlessViews
4H Bullish Channel $XDCThe NASDAQ:XDC token is currently trading within a bullish channel on the 4-hour timeframe, signaling a period of consistent upward momentum. This pattern is characterized by higher highs and higher lows, suggesting strong market support and growing investor confidence. Key resistance is observed near the upper boundary of the channel, acting as a potential target zone for bullish traders. Meanwhile, the lower boundary provides dynamic support, offering potential entry points for those looking to capitalize on pullbacks within the trend. Volume analysis also indicates an increase during upward movements, further validating the bullish sentiment. Traders should monitor the channel’s boundaries closely for potential breakout scenarios, as a breach could signal a stronger trend continuation or reversal. The NASDAQ:XDC token remains one to watch as it navigates this optimistic trajectory in the 4H chart.
Long
by tuliomello
2
CRUDE OIL (WTI): Support & Resistance Analysis Here is my latest structure analysis and important supports and resistances on WTI Oil on a daily. Horizontal Structures Support 1: 65.2 - 66.9 area Resistance 1: 67.7 - 62.2 area Resistance 2: 69.9 - 70.5 area Resistance 3: 71.2 - 71.5 area Resistance 4: 72.2 - 72.9 area Vertical Structures Vertical Resistance 1: Falling trend line Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
FX:USOILShort
by VasilyTrader
2
First short gold, then go long gold!Bros, this week's new trading journey begins from now! Gold rebounded again under the support of safe-haven buying, and now it has reached around 2658. To be honest, gold is currently in a relatively obvious upward arrangement, and there is still room for gold to continue to rise. However, overall, gold has not yet escaped the scope of shocks, so it is not good to directly chase gold near 2658, and the current strength of gold's rise is not firm. Gold needs to fall back to increase the liquidity of gold bulls, so we might as well consider trying to short gold with 2660-2670 as resistance, and wait for gold to fall back to the appropriate area before participating in long gold! Bros, let's try to short gold first, and then wait patiently for gold to fall back before re-participating in long gold!If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDShort
by Trader_Marvin