Price was previously moving inside a well-defined ascending channel, respecting both upper and lower boundaries. A clear rejection occurred near the upper channel resistance (weak swing high area), followed by a sharp impulsive drop ā indicating potential distribution and shift in momentum.Currently, price is attempting a corrective pullback toward the mid/upper channel region, but the…
I don’t know what this space cadet program is but I love to chart price action. ** T.A explained **Basics:Ranges = two or more consecutive color candles.There are two types of ranges – accumulation and distribution.A single candle is a range on a lower timeframe. We only look at the first and last candle in…
XAUT Whoās watching the tokenized gold market-cap quietly coil while spot gold keeps printing headlines about new highs and fresh inflows into ādigital goldā? Today the market is still digesting the recent rush into safeāhaven assets, and according to industry sources, tokenized gold products are getting more attention from both crypto and metals traders. On…
Hi traders, Last week Bitcoin made a correction up into the bearish Daily FVG.From there it rejected to the downside. This could be an ending diagonal forming. So now we could see more downside to break the previous swing low and finish the (orange) C-wave. Let’s see what the market does and react. Trade idea:…
Hi traders, Last week gold finished the correction after it came into the bearish Daily FVG.From there it rejected to the downside (still bearish trend). So next week we could see another move down to finish the (red) ABC-pattern. If price closes above the bearish Daily FVG, the trend turned to bullish again. Let’s see…
Hi traders, Last week SPX500USD started another upmove, it closed above the bearish Daily FVG and above the new (green) bullish Daily FVG. So we could see more upside if price stays above the bullish Daily FVG. Let’s see what the market does and react. Trade idea: Wait for a correction down. After a change…
For the past 2 weeks, BankNifty has formed some sort of doji candle on weekly charts, and this week is no different. This indicates high volatility and indecision in BankNifty. I do trend analysis, and currently, the BankNifty chart is indicating that bulls can expect some relief in BankNifty in the upcoming week. But things…
Hi traders, Last week EU broke the bearish Daily FVG but couldn’t stay above it.Now it has made another bearish Daily FVG so the main direction is bearish. It looks like price is making a Triangle pattern (wave 4/B). So next week we could see more downside to finish a bearish impulse wave. Let’s see…
Gold (XAUUSD) on the 4H timeframe is currently trading inside a structured recovery after a strong downtrend. š **Market Structure:**ā¢ Price has formed higher lows indicating bullish strengthā¢ Moving inside a rising channelā¢ TBS + BGST structure supporting upside momentum — š **Key Levels to Watch:** š“ **Immediate Resistance:**ā¢ 4730 (critical breakout level) š **Upside…
Macro Focus Next Week ā No NFP, But Inflation Takes Center Stage Gold has come under strong pressure on the daily timeframe, following a sharp rejection from a key resistance zone. At the same time, cross-asset reactions suggest macro forces are currently influencing price behavior more than traditional safe-haven flows. š Macro Narrative Several macro…
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