Hang Seng Bull Butterfly and ABCD monthly timeframeOn the monthly time frame, the Hang Seng has reversed from recent bear 5-0 harmonic which reached its target D point and a Bull butterfly harmonic pattern is now active. Typical target levels are indicated with fib measurements of the CD leg of the butterfly, with target 4 at 1.168 extension--40k anyone?
Pivot Points
NQ1 1W Bear Deep Crab Harmonic with target levelsOn the weekly Nasdaq 1W chart a bear deep crab harmonic pattern active. If this plays out, very volatile price action will occur ove the coming months. Deep crap price targets are measured as fib extension from the BC leg of the XABCD pattern. Note the large bull Gartley that has driven price to current levels has alraedy reached target 3 at 1.272 fib extension of AD leg of the Gartley. On daily chart, there are two bear ABCD Ext patterns which should drive price to point C of the bear Deep Crab, before a sharp temporary retracement to recent high, before plunging below point C to the extension price target levels below.
This chart is not for intraday trading, but should be useful for swing trading at these key levels.
EURGBP Bullish Momentum: Key Resistance at 0.84083Hello,
OANDA:EURGBP has begun its bullish ascent! While the overall trend remains bearish, it’s now positioned well for additional upward movement. A key resistance level to watch is 0.84083. If the price breaks above and holds at this level, we can expect further gains!
TradeWithTheTrend3344
EURAUD: Sustained Upside Momentum AheadHello,
FX:EURAUD has experienced significant upward momentum since the last analysis, which was accurate. More upside is anticipated even after the recent movement. The first indicator to watch for further upward movement will be the 1D PP, which needs to serve as support.
TradeWithTheTrend3344
"BankNifty at a Crossroads: Key Levels to Watch Before TradeBankNifty Market Analysis
Overview:
The BankNifty index is currently at an average price level of 51,915. It sits in a consolidative zone, poised to make a directional move. With significant levels on both the upside and downside, we have clear targets if BankNifty breaks out in either direction.
Upward Direction Scenario:
If BankNifty sustains above 51,915 and momentum increases, we could see it aiming for the upward target of 53,700. This level would mark a strong upward move, suggesting bullish sentiment and potentially inviting further buying interest.
Key Levels to Watch: A breakout above intermediate resistance levels (52,500 - 53,000) would increase the likelihood of achieving this target. Monitoring volume and breakout strength is essential here.
Downward Direction Scenario:
If BankNifty fails to hold 51,915 and begins to decline, it may test the downward target of 49,700. This movement would likely reflect bearish sentiment in the market, leading to a sell-off if key support levels fail to hold.
Key Levels to Watch: A breach of immediate support zones around 50,500 - 50,000 would strengthen the downside move. Look for increasing volume as a confirmation signal.
Conclusion :
BankNifty is in a critical phase. With a clearly defined range, traders should watch for breakouts above 53,700 or breakdowns below 49,700 to determine further direction.
UK100 Bullish with Caution at Key Support LevelsHello,
CAPITALCOM:UK100 is currently heavily overbought, aligning with overall market trends, suggesting a bullish continuation. However, as a cautionary note, if the strong support levels at 8145.4265 and 8130.8235 do not hold, we could see a move towards the 1-year pivot point.
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AUS200: Bullish Trend Set to ResumeHello,
PEPPERSTONE:AUS200 is still testing the 1M pivot point. If it crosses and holds below, the entire 1M support structure will likely be tested. However, it appears that the bearish phase may be over, and the bullish trend is set to continue.
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FRA40 Support at 7377.45: Potential Retest AheadHello,
PEPPERSTONE:FRA40 has shown support at 7377.45, with a notable bounce from this level. However, there’s potential for a retest, and if this support level doesn’t hold, we could see a move toward retesting the 1-year pivot point. Monitoring the 1-month and 1-week support levels is crucial, as price reactions here will help indicate whether the trend may shift upward or downward.
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US30: Bullish Rebound in Sight?Hello,
BLACKBULL:US30 recently experienced a minor bearish phase, but it now appears poised for a potential bullish comeback, aligning well with its past reactions in this zone. However, if the price dips below the 1M pivot point, further downside is likely.
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Market is Holding above the Support , All Eyes on BuyingHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
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UsOIL Long Buy due to lower Support Hello Traders
In This Chart XTIUSD HOURLY Forex Forecast By FOREX PLANET
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Gold is in the bullish direction after correcting the supportHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
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$PEPEUSDT Set to Soar After Strong Retest!BINANCE:1000PEPEUSDT.P is demonstrating solid strength following a trend breakout and subsequent retracement. With positive momentum building, it looks poised for a significant move, likely following in the footsteps of DOGE. Traders should keep an eye on key levels as BINANCE:PEPEUSDT prepares for potential big upswings, similar to what we've seen with $DOGEUSDT.
As always, remember to use a stop loss and invest only a small portion of your capital to manage risk effectively.
$1000PEPEUSDT Currently trading at $0.0096
Buy level: Above $0.0093
Stop loss: Below $0.0077
TP1: $0.01
TP2: $0.012
TP3: $0.013
TP4: $0.017
Max Leverage 3x
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How to Find Key Levels on Gold XAUUSD Chart Easily
In this short article, you will learn how to find powerful levels on a gold chart.
I will explain to you what is a key level, how to apply it in trading. We will discuss key levels and different time frames, valid and invalid key levels. I will share with you a lot of useful trading tips.
First, let's start with a definition of a key level.
Key level is a single important historic price level on the chart,
from where a significant price movement initiated.
Usually, key levels are based on the edges of candlestick wicks.
Look at Gold chart on a 4H time frame.
I underlined a key level. You can see how strong was a bullish reaction to that. The price tested that level, bounced up and formed a long wick.
Key levels that are above current prices will be called resistances .
We will assume that sellers are placing their selling orders there.
Above is the example of a key resistance on Gold on an hourly time frame.
The price tested 2479 level, dropped rapidly and formed a long wick.
From a key resistance level, a bearish movement is expected.
Key levels that are below current prices will be called supports.
We will assume that buyers are placing their buying orders there.
That is the example of a key support level on Gold chart on a daily.
From a key support level a bullish movement is expected.
Key levels that are lying close to each other will compose support and resistance clusters.
Look at 2 key support levels on Gold on a 4H time frame.
These 2 levels are lying very close to each other and compose a support cluster.
3 key resistance above will compose a resistance cluster on Gold on a daily time frame, because these levels lye close to each other.
With time, the market tends to break key levels.
If the price violated a key support level and closes below that, it turns into a resistance level.
Look at a breakout of key support on an hourly time frame on Gold chart.
After a candle close below that, the broken key level turned into resistance.
If the price violates a key resistance level and closes above that, it turns into a support level.
Above is a recently broken horizontal resistance on Gold on a 4H time frame. After a breakout, that key level turned into support.
Key levels tend to lose their significance with time.
Key level that is broken by the buyers and the sellers or vice versa loses the status of a key level.
The underlined level was a significant resistance in the past.
However, the market stopped respecting this level and it lost its importance.
Remember that you can find key levels on any time frame.
But key levels are not equal in their significance.
Key levels that are spotted on higher time frame will be stronger than key levels that are spotted on lower time frames.
On the chart on the left, I underlined key support and resistance levels on a daily time frame on Gold.
While on the right, I market key support and resistance levels on a 4H time frame.
Daily structures will be considered to be more significant structures.
Hence, the market reaction to such structures tend to be stronger.
In comparison to support and resistance areas,
key levels provide the safest points to look for a trading opportunity from.
Once you spotted a confirmation after a test of a key level,
simply set your stop loss below a support or above a resistance.
You will have a very good reward to risk ratio.
Key levels play a crucial role in technical analysis of Gold.
No matter whether you are day trader, scalper, swing trader or investor, key levels is the first thing that you should always start your analysis from.
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XAUUSD - Areas with high potentialGold and silver still have room to grow, according to Max Layton, head of research at Commodity City. Leighton says the best bull markets for gold and silver usually occur when the US and European markets are weakening and China looks poised to grow.
Investors have flocked to gold this year as geopolitical factors, a changing economic landscape and persistent inflation concerns have fueled fears of volatility in other assets.
When there is too much euphoria, we must be careful of price correction!
GBPUSD Ready for a breakthroughHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts