11 june Nifty50 brekout and Breakdown leval Nifty 50 Index, here's a breakdown of the "Sell Levels" from a trading strategy point of view:
📉 Key Sell (Put Entry / PE) Zones:
25,140 – Below this level:
Tagged as "Below nigetive trade view"
This suggests initiating bearish positions (sell or buy PE) if price falls below this
25,040 – Opening Support / Resistance:
If price breaks below this with volume, it's a confirmed breakdown, suitable for short trades.
24,980 – above 10m hold CE by RISKY ZONE:
Below this, call options (CE) become risky. Could start unwinding.
24,980 – Below 10m hold PE By Zone:
Strong confirmation to hold PE positions.
24,908 – CE By Safe Zone:
A very strong bearish confirmation if price dips below this.
Oscillators
AMD Approaching Key Supply Zone – Rejection or Breakout?📌 Thesis:
AMD is approaching a critical 1D supply zone ($122–$130) with bearish RSI divergence, suggesting possible short-term exhaustion.
🔍 Technical Overview:
✅ Structure: Bullish recovery confirmed with Break of Structure (BoS).
📈 Price Action: Higher highs into known supply zone.
📉 RSI: Forming lower highs, showing classic bearish divergence — a common warning signal near key resistance.
🧭 MACD: Still positive, but momentum is slowing.
📊 Volume: Healthy, but not confirming a breakout (yet).
📌 Base Case (Bias):
Rejection from supply zone is likely, given weakening momentum. Watch for bearish reversal candles around $122–$130.
If rejection confirms:
🎯 First target: EMA cluster ($116).
🛑 Invalidation: Clean breakout above $130 with volume.
🔁 Alternate Scenario:
If AMD breaks and holds above $130, divergence is invalidated.
Next upside target: $140–$150 (previous resistance zone).
✅ Trade Plan:
🔹 Short setup: Bearish rejection + divergence confirmation at supply zone.
🔹 Long setup: Breakout + retest of supply zone turned support.
Conclusion:
This is a technical inflection point for AMD. Price action in the coming sessions will likely define the short-term direction. Trade the setup, not the prediction.
Has JD.com Bottomed?JD.com has languished for a couple of months, but some traders may think the Chinese e-commerce stock has bottomed.
The first pattern on today’s chart is the April low of $31.80. JD closed below the level once in May but quickly rebounded. That could be interpreted as a false breakdown.
Second, MACD made a higher low as prices made a lower low . Such “bullish divergence” can potentially signal reversals.
Third, the stock crossed above the 8- and 21-day exponential moving averages and is pulling both higher. That may suggest its short-term direction is now pointing upward.
Fourth, the rising 200-day simple moving average could reflect the presence of a longer-term uptrend.
Last, consider the February low around $38. JD stalled around the same area in April and May. With the stock more than 10 percent below that old resistance, could chart watchers see further space to the upside?
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BEARS TAKEOVER IN PSU BANK INDEX ??The PSU Index saw a strong rally after a falling wedge breakout but now faces resistance near 7250, with bearish RSI divergence hinting at weakening momentum. A pullback is likely, and price action at 6838 or 6572 will decide whether the uptrend resumes or a downtrend begins—impacting key PSU bank stocks like SBI, PNB, and BOB.
Key Pointers:
📉 Falling wedge breakout led to a strong bullish rally.
⛔ Resistance near 7250 is restricting upside.
⚠️ RSI bearish divergence suggests weakening momentum despite rising prices.
🔄 Two scenarios ahead:
Pullback + bullish signs → uptrend likely to resume.
Pullback + no bullish signs → possible start of a downtrend.
📊 Key pullback support levels:
6838 (major pullback)
6572 (major pullback)
📉 Impact: Stocks like SBI, PNB, and BOB may see short-term fluctuations in line with PSU Index movements.
REGN – Bullish Engulfing + RSI Divergence at Weekly DemandRegeneron (REGN) is showing strong technical signals of potential reversal from a key weekly demand zone, replicating a setup similar to March 2021.
🔹 Bullish Engulfing Candle forms directly at the demand zone after a multi-month downtrend.
🔹 Volume Spike confirms strong buyer interest.
🔹 RSI shows bullish divergence, breaking its internal structure and holding above 30.
🔹 MACD crossover is setting up, with histogram and signal lines echoing the same configuration from March 2021 — which led to a significant rally.
This is a textbook confluence setup:
Structure (demand zone)
Momentum (RSI divergence)
Confirmation (volume + engulfing)
Trigger alignment (MACD timing)
A decisive follow-through above recent highs could confirm the reversal and initiate a new bullish leg.
Carvana is setting up for a dropI believe CVNA is printing expanding triangle as wave 4 in larger 5.
If this count is correct, currently wave D of triangle is close to its end and soon, around $325-340, the trend should reverse and go down to complete the triangle with wave E which will erase >60% of market cap.
After this move the stock is expected to climb up again.
GBP/AUD: Bias Lower While Below 50DMATrading beneath the 50-day moving average and support at 2.0800, and with momentum signals shifting from neutral to bearish, directional risks for GBP/AUD appear to be tilting lower.
Those considering shorts could look to initiate positions beneath 2.0800, with a stop placed above it or the 50-day moving average for protection. Bids may emerge around 2.0675, but for the trade to stack up from a risk-reward perspective, support at 2.0500 screens as the more appealing target.
For those eyeing the setup, keep in mind that UK labour market data is about to drop, posing a potential volatility event. The preference would be to wait and see how the pair trades following the release rather than acting preemptively. A move back towards 2.0800 that stalls would improve the appeal of the trade.
Good luck!
DS
Why I Think Gold Will Continue Buying...Technical AnalysisHey Rich Friends,
Happy Monday! I think Gold will continue to buy today and maybe this week. This is only my technical analysis so make sure to check the news and cross-reference any indicators you have on your charts.
- The candles have crossed and closed above the previous high on H1 and H4 showing bullish momentum.
- After the break of the previous high, H1 was resistance has been retested as support confirming bullish momentum.
- The stochastic is facing up, the fast line (blue) is above the orange line (slow) and 1 or both lines have crossed above the 80% line. These are bullish confirmations for me.
Additional information:
- Wait for the current candle to close for more bullish confirmation.
- I would set buy stops/TPS to 3400. I will be using previous highs as TPs and previous lows as SL.
Only enter this trade if it make sense to you.
Peace and Profits,
Cha
Altcoins in Focus: Aptos, KAIA, and Ravencoin (RVN)Amid Bitcoin’s rapid growth and renewed interest in Ethereum, investors are increasingly turning their attention to altcoins—alternative cryptocurrencies showing strong potential for sharp gains. As of early June 2025, Aptos (APT), KAIA, and Ravencoin (RVN) stand out for their price surges and growing interest from major exchanges and analysts.
Aptos, a next-generation blockchain platform developed by former Meta (ex-Diem) engineers, has secured its place among the top 50 by market cap. In recent days, the token broke through a resistance level at $9.20, signaling a possible continuation of the uptrend. Its appeal lies in its scalability and its unique MoveVM architecture, which makes it attractive for developers in DeFi and NFT applications.
KAIA, a new token in the AI and metaverse ecosystem, gained over 15% this week following a Binance listing and integration with several major Web3 projects. Investors see KAIA as a potential “new Render,” focusing on neural computation and digital identity infrastructure.
Ravencoin (RVN), a long-time presence in the crypto space, is regaining popularity. With its focus on asset tokenization and copyright protection on the blockchain, RVN surged 14% after announcing partnerships with several independent music platforms.
The rise of these altcoins demonstrates that there is room in the crypto world not just for the giants, but also for innovative, purpose-driven projects capable of capturing market and user interest.
PEP – Bullish Divergence at Weekly DemandPepsiCo (PEP) has retraced into a key weekly demand zone, where price previously launched long bullish legs. At the same time, a bullish divergence is forming between price and RSI, suggesting selling momentum may be weakening.
Structure has clearly shifted bearish over the past two years, with multiple breaks of structure (BoS). However, the current setup shows strong confluence for a potential mean reversion or reversal swing.
Two key supply zones are mapped:
First target (5:1 R:R) at the $141 area — recent supply.
Second target (12:1 R:R) near $162 — major macro supply.
PLTR 479% Parabolic Rally Meets RSI Divergence at Critical ZonePalantir (PLTR) has completed a near-perfect parabolic advance, rising more than 479% over 378 days from its demand base in early 2024. The move has been relentless — supported by breakout volume and accelerating price structure.
However, we are now at a potential inflection point.
Price is stalling at the upper end of the parabolic curve, right near a prior rejection level. At the same time, the RSI has been forming multiple bearish divergences, signaling weakening momentum despite new highs.
This exact combination — parabolic rise + RSI divergence — has preceded sharp corrections in the past.
The previous drop from this region led to a -47% decline, which found support in the $70–75 zone — now marked as a 2D demand area. That zone could again act as a magnet if momentum fades.
If PLTR breaks above $135 with strong volume, the divergence could be invalidated, but for now, the chart suggests caution. This may be a topping structure or the start of a broad sideways range.
EUR/USD 4H – Potential Quasimodo + Bearish Divergence SetupCurrently monitoring EUR/USD for a potential sell setup based on several strong technical confluences:
⸻
🧠 Price Structure: Possible Quasimodo (QM) Pattern
• The chart is showing early signs of a Quasimodo pattern (QM) formation.
• Left Shoulder and Right Shoulder are developing, with a higher high (false break) between them.
• The recent Dominant Break above 1.14948 could be a liquidity grab — classic in QM setups.
• Price appears to be retesting the right shoulder area, signaling potential for a bearish reversal.
⸻
📉 AO Indicator: Bearish Divergence as Confirmation
• Clear bearish divergence between price action and the Awesome Oscillator (AO):
• Price made a higher high, but AO printed a lower high.
• This signals weakening bullish momentum — a powerful confluence for a potential drop.
⸻
⚠️ Confluences for Sell Setup:
1. ✅ Potential QM Pattern forming
2. ✅ Dominant Break followed by a potential right shoulder retest
3. ✅ Strong bearish divergence on AO
4. ✅ Price failing to break and close strongly above recent high (~1.1494)
⸻
📍 Sell Trade Plan (if confirms):
• Entry Zone: Around 1.14400–1.14600 (right shoulder zone)
• Stop Loss: Above previous high (~1.15000)
• Take-Profit Options:
• TP1: Previous structure support around 1.13600
• TP2: Deeper support zone ~1.13000–1.12700
• TP3 (Aggressive): Full QM target near 1.12100 (as marked on the chart)
⸻
⏳ Wait For:
• Bearish rejection or momentum candle on 4H or 1H
• AO to cross below 0 or accelerate red bars for extra confirmation
⸻
💡 Conclusion:
EUR/USD is showing signs of a bearish reversal with a textbook QM setup supported by AO divergence. If the right shoulder holds and bearish momentum kicks in, this could offer a high-probability short opportunity.
UCAD Bulls Look for 3rd Test After Sept. '24 Highs TouchOANDA:USDCAD Bulls were able to find support at the Sept. 2024 Highs after having traveled down a Falling Support for the past 2 months!
Now we see Bulls pushing price higher creating a Rising Support with 2 tests having been successful and currently coming down for a 3rd test!
Now Price has already broken a Previous Level of Structure which was a Past Resistance on June 4th. This level also lands right at the 34 EMA and based on the Bollinger Bands, this test will also be a Mean Reversion where Price after having traveled in one direction will revert back to the mean of the Bollinger Bands for Continuation, which in this case will be Bullish!
After the 2nd Test of the Rising Support, we can see a Massive amount of Volume enters.
Price also is trading Above the 50 on the RSI and is currently coming down to test that level.
I am looking for Price to test the 1.3683 area and if Price shows support for a 3rd Test, this will be a great opportunity for Long Positions!
Fundamentally, USD will be bombarded heavy news being CPI numbers with analysts forecasting a .2% Increase in Inflation! Also PPI, Unemployment Claims and Prelim UoM Consumer Sentiment & Inflation Expectations.
$SOL Tight Range. Big Move Loading? Full Multi-TF Breakdown📊 CRYPTOCAP:SOL Daily Chart
Price bounced from confluence support around $126 (0.236 fib + local structure), but remains below all key retracements from the $184 high.
– RSI hovering around 39 → oversold but no bullish divergence
– MACD still below signal line, weak momentum
– Structure remains inside a descending channel
BTC is testing $106K into weekly close.
If Bitcoin confirms a breakout, SOL could follow with a push above $160.3 (0.236 fib).
Reclaim of $160 → $184 next
Failure → $126 retest, with risk of break toward $118
Trend bias: bearish → neutral
Watching BTC for confirmation.
BTC Multi-Timeframe Analysis: Daily, Weekly & Monthly Structure📊 CRYPTOCAP:BTC Daily Chart
Price bounced cleanly off the 0.236 Fibonacci retracement at $104.6 and is now pressing into local resistance.
– Heikin Ashi candles turned green
– RSI is curling upward
– MACD remains weak, no confirmation yet
Key levels:
→ Break above $106.3 could open the way to $112K
→ Drop below $104.6 puts $100K back in play
📅 All eyes on tonight’s weekly close.
A candle close above $106K would confirm strength into next week.
BTC/USD – 5-Wave Structure Completed | Bearish Divergence + Stru🕒 Timeframe: 30min
📅 Date: June 8, 2025
💱 Pair: BTC/USD (BITSTAMP)
📊 Indicator: Awesome Oscillator (AO)
🧠 Technical Analysis Summary:
A classic 5-wave Elliott structure (1–2–3–4–5) has completed. Key observations:
Wave (5) slightly pushes above Wave (3), but momentum weakens.
Bearish divergence is spotted on the Awesome Oscillator (AO) between Wave (3) and Wave (5), signaling exhaustion.
Price is currently holding above a key structure support (SNR) at 105415.
🔻 Sell Setup:
🟥 SNR = Structure level at 105415.
🧨 If price breaks below 105415, I will enter a short (sell) position.
🧠 This level acts as a confluence zone:
End of wave 5
Loss of bullish momentum
Bearish AO divergence
Potential trend shift
📌 Trade Plan:
💥 Action:
➡️ Sell only if price breaks and closes below 105415.
🎯 Potential Targets:
104200 – local structure support
102800 – deeper correction zone (possible wave A)
🛡️ Invalidation:
➡️ If price closes back above recent high (~105800) with renewed AO strength, I’ll reconsider the short.
🧰 Tools Used:
Elliott Wave Theory (1–5 structure)
Awesome Oscillator – Divergence Confirmation
Market Structure (SNR as key support)
💬 Conclusion:
Wave 5 is done. Momentum has faded. All eyes on the structure level at 105415.
➡️ Break = Sell.
If it holds, no trade.
📌 Stay patient. Let the market come to you.
🔔 Like & follow if you enjoy clean Elliott Wave and momentum divergence setups.
Got your own wave count? Drop it below! 👇
#BTCUSD #Bitcoin #ElliottWave #BearishDivergence #AO #CryptoTrading #StructureBreak #PriceAction #Wave5Complete
BTC.D can it go up for ever?BTC.D: A Long-Term Weekly Analysis of Bitcoin Dominance
This post is about the overall long-term trend of BTC.D, not the day-to-day action. All analysis is based on the weekly timeframe.
Fundamental Catalysts for a Trend Change
A significant downturn in Bitcoin Dominance would likely be preceded by a combination of these factors:
US Rate Cuts: An increase in market liquidity from easier monetary policy could fuel a
broader crypto rally, benefiting altcoins.
Shift in Retail Interest: A rotation of attention towards altcoins, which can be tracked by
crypto-related content views. (Note: The rise of AI Search may alter how we track this
compared to traditional Google search metrics).
"Bitcoin is Expensive" Sentiment: As BTC's price becomes psychologically high for retail
investors, they often look for higher potential returns in lower-priced altcoins.
Technical Readout (Weekly Chart)
1. Price Action & 50 SMA
So far, I'm not seeing any signs of a trend change in the price action itself. A decisive break and hold below the 50-week SMA would be a strong indicator of a major trend change. However, other indications will likely appear before that happens.
2. MACD Indicator
Currently, even a bearish MACD crossover on this timeframe would not be enough to confidently signal a larger trend reversal. It could easily just be part of a short-term pullback or consolidation.
3. Diagonal Trendline On RSI
A failure to move above the yellow diagonal trendline could be an early sign of weakness. However, on its own, this is not a strong indicator and requires other signals for confirmation.
4. Stochastic RSI
There is nothing worth mentioning on the Stochastic RSI at this time; it is not providing a clear signal.
Disclaimer:
The information provided in this post is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. All investments involve risk, and the past performance of a security, market, or trading strategy does not guarantee future results. I am not a financial advisor. Please conduct your own thorough research and consult with a qualified financial professional before making any investment decisions. You are solely responsible for any investment decisions you make.
Gold Wave Analysis – 6 June 2025- Gold reversed from resistance area
- Likely to fall to support level 3250,00
Gold recently reversed down from the resistance area between the key resistance level 3400.00 (which has been reversing the price from April) and the upper daily Bollinger Band.
The downward reversal from this resistance area stopped the earlier intermediate impulse wave (5) from the end of May.
Given the overbought daily Stochastic, Gold can be expected to fall to the next support level 3250,00 (which stopped the previous intermediate ABC correction (4)).
Why I Think Gold Will Sell Today...Technical AnalysisHey Rich Friends,
Happy Tuesday! I wanted to share my Gold analysis and why I think it will sell. This is only a technical analysis so please check the news and cross-reference your own charts. Here is what I am looking at:
- There was a break of structure on H1 and previous support was retested as resistance.
- Bearish confluence on additional time frames: D, H4 and M15
- The stoch is facing down, both lines have crossed below 20, slow line (orange) is above the fast line (blue) which is a bearish confirmation for me.
Additional information:
- I would set sell stops to catch the momentum going down
- I will be setting sell stops and using previous highs as my SL and previous lows as my TPs.
- Focus on closing the gap from last week
Good luck if you decide to take this trade, let me know how it goes.
Peace and Profits,
Cha
Netflix (NFLX) RSI Bearish Divergence Setting Up Major Rever📈 Summary:
Netflix has rallied +44% in just 60 days, entering a steep, parabolic move. However, technical exhaustion signs are now flashing across multiple indicators — suggesting a potential near-term top may be forming.
🔍 Key Technical Observations:
1. Bearish RSI Divergence
The RSI is making lower highs (~73) while price makes higher highs → classic bearish divergence.
Similar divergences in December and February led to drops of –12% and –18% , respectively.
2. Parabolic Move + Rising Wedge
Price has broken out of an orderly channel and is now moving parabolically , a pattern typically unsustainable.
The current structure resembles a rising wedge , often a reversal formation .
3. Volume Weakness
Volume has been declining throughout the recent push , signaling weak demand behind the rally.
No climactic buying — this raises the risk of a sharp drop if momentum fades .
4. MACD Losing Momentum
MACD histogram has flipped slightly negative.
A potential bearish crossover is brewing.
🧭 Strategy Outlook
🚨 Aggressive traders could look for short opportunities below $1,240 , where support may break.
🧠 Options traders might consider a bear call spread once a daily close confirms the wedge breakdown.
📌 Key Levels
Support to watch: $1,240 (break = confirmation)
Next support zone: $1,190–1,155 (EMA cluster)
Critical RSI trigger: break below 65 confirms bearish divergence playing out
🧩 Final Thoughts
The RSI divergence, parabolic structure , and volume behavior all align for a potential pullback . While the trend is still technically intact, risk-reward favors preparing for a reversal , especially with prior divergences leading to significant downside.
EURUSD Wave Analysis – 6 June 2025
- EURUSD reversed from the resistance zone
- Likely to fall to support level 1.1350
EURUSD currency pair recently reversed down from the resistance zone located between the key resistance level 1.1475 (which has been reversing the price from the start of April) and the upper daily Bollinger Band.
The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star,
Given the overbought daily Stochastic, EURUSD currency pair can be expected to fall to the next support level 1.1350.