Sitting in a protracted downtrend and wedged up against downtrend resistance, a breakout in our Dow Jones contract may soon be on the cards as the price nears the key 45000 level. While the price action and momentum indicators suggest risks are skewed to the downside, in this unique market environment, a bullish breakout hardly…
On the EGLD/USDT (1D timeframe) chart, we can clearly see a strong downtrend structure dominating for the past few months. Price continues to form lower highs and lower lows, indicating persistent selling pressure. Currently, price is testing a key area: a strong demand zone (3.95 ā 3.65) highlighted by the yellow box. This zone has…
Gold is currently showing a strong bearish structure after breaking multiple key levels. Price initially formed a range, followed by a clear breakout to the downside, confirming seller dominance.Now we can see price consolidating below resistance, with potential for a retest of the supply zone (4500 ā 4600 area) before continuing downward.š Key Levels:Resistance Zone:…
On one side, you have strong positioning in AI infrastructureāservers, GPU systems, and data center buildout. On the other, when you start looking at debt levels and coverage, the balance sheet tells a more nuanced story. This feels less like a clean trend and more like a second-cycle assetāwhere momentum is still present, but the…
The chart for Solana / USDT (1D) shows a clear Bear Flag structure following a strong downward move. Price is currently moving inside an upward-sloping channel, which is typically a corrective phaseāthis is a key characteristic of a Bear Flag pattern. — š Structure & Pattern Overview š„ Bear Flag (Bearish Continuation Pattern) Flagpole: A…
BTCUSDT is showing signs of distribution rather than accumulation, as recent price action reflects instability beneath the surface. Despite short-term rebounds, the market structure suggests that upward moves are being used to offload positions rather than build new buying momentum. On the chart, price is hovering near a rising support trendline, but the reactions around…
Coeur Mining, Inc. (CDE) and Ero Copper Corp. (ERO) are currently operating within a highly favorable macroeconomic landscape, characterized by sustained strength in gold prices. This robust pricing environment is being driven by a convergence of powerful forces, including persistent safe-haven demand amid global uncertainty, continued gold purchases by central banks seeking to diversify reserves,…
Taiwan Semiconductor Manufacturing (TSM) has been trading within a 20-year Channel Up since January 2006. The first Higher Low of that pattern has been the 2008 bottom of the U.S. Housing Crisis and the most recent the October 2022 bottom of Inflation Crisis. Last month the price hit its Top (Higher Highs trend-line) resulting in…
0Grab this chartGrab this chart The intersection of the 400āweek exponential moving average and the 200āweek EMA in the Gold/SPX ratio has historically coincided with periods of pronounced underperformance of the S&P 500 relative to gold. Notably, such longāhorizon ādeath crossesā have aligned with the onset of major economic downturns and recessionary regimes. Historical precedents…
If Nifty opens in the range of 23,100ā23,200, there are two possible scenarios: 1) The market may open and move upward immediately with strong momentum. In that case, a short-selling opportunity could arise near the 23,400ā23,450 zone, with a tight stop loss. 2) If the market opens without momentum, it may retrace toward the 22,900ā23,000…
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