NASDAQ Potential DownsidesHey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 19,400 zone, NASDAQ is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 19400 support and resistance area.
Trade safe, Joe.
Technical Analysis
Market Analysis: #BTCUSDT💰 On the BYBIT:BTCUSDT.P chart, a clear symmetrical triangle pattern has formed and already broken down, leading to a confirmed bearish impulse. Price has now returned below the POC level at $93,370.4 (Point of Control by volume), indicating weakness from buyers.
📊 Key Levels
🔴 POC BYBIT:BTCUSDT.P $93,370.4
— This is the highest volume area, now acting as strong resistance. As long as price remains below, short bias is favored.
🔵 Support BYBIT:BTCUSDT.P $91,905.5
— A short-term target if the bearish momentum continues.
🎯 Lower Target Zone
— Indicates the full depth of the breakdown move, aiming at the $90,800–$91,000 range.
📈 Volume
➡️ Volume increased during the breakdown, then dropped as price revisited the $93,000 zone — this signals a weak retest and seller control.
📍 Important Notes
➡️ Currently, BYBIT:BTCUSDT.P is trading between two key zones — the POC above and the $91,900 support below.
➡️ Failure to break and hold above $93,370 keeps the bearish scenario in play.
➡️ A move below $92,600 will confirm continuation of the downtrend.
📢 Strategy Recommendations:
🚨 SHORT Scenario BYBIT:BTCUSDT.P
Entry: on a retest of $93,000–$93,200 and rejection
Stop Loss: above POC ($93,450)
Targets: $92,100 → $91,900 → $90,800
🚨 Alternative LONG Scenario BYBIT:BTCUSDT.P (only if POC is broken):
Entry: after a solid breakout and hold above $93,400 with volume
Target: $94,200–$94,800
Stop Loss: below $93,000
🚨 Conclusion :
BYBIT:BTCUSDT.P has completed the triangle pattern and is now in a retest phase. So far, signs still point to bearish continuation, with final confirmation coming from a break below $92,600.
USDCHF: Very Bullish Price Action 🇺🇸🇨🇭
There is a high chance that USDCHF will go up from
the underlined blue support.
As a confirmation, I see a bullish breakout of a resistance line
of a bullish flag pattern on an hourly time frame.
Target - 0.83
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
OFSS Weekly | Bullish Harmonic Reversal & RSI Breakout | Short-T📈 Swing Trade Recommendation (Short-Term):
Buy Zone: ₹8,600–₹8,750 (on dips or on strength)
Target 1: ₹9,300 (initial resistance and round number)
Target 2: ₹10,200–₹10,500 (next harmonic resistance zone)
Stoploss: ₹8,050 (below recent swing low)
🔍 Technical Highlights:
Bullish Harmonic Structure forming with strong reversal from "C" to "D".
Volume breakout supports the current leg of momentum.
RSI bullish divergence and breakout confirms potential trend reversal.
For Education purpose only
BANARISUG Weekly | Bullish Breakout from Retracement | Short-Ter📈 Swing Trade Recommendation (Short-Term):
Buy Zone: ₹4,000–₹4,030 (on dips or closing above ₹4,100)
Target 1: ₹4,400 (Fibo 0.786 level)
Target 2: ₹4,750–₹4,800 (swing high near 1.0 Fibo)
Stoploss: ₹3,825 (below 0.5 Fibo support zone)
🔍 Technical Highlights:
Volume surge confirms strong buying interest (see blue arrow).
RSI breakout suggests new momentum leg forming.
0.618 Fib level reclaimed after long consolidation → bullish bias.
for educational purposes only
Gold – Watching Key Resistance for Intraday Sell Plays📌 Gold Surges $80 off Support – Watching Key Resistance for Intraday Sell Plays 📉📈
Gold (XAU/USD) bounced sharply today — surging over 80 points from the support zone near $3,260, swept during the late U.S. session. This strong rebound came as buyers stepped in aggressively after a 250+ point crash earlier in the week.
Now, the market is pulling back from the 0.382 Fibonacci retracement zone, showing early signs of sell-side reaction. If this momentum continues, Asian and London sessions could push price lower to fill liquidity in the untested FVG region near 3,288.
🔁 Intraday Structure & Key Zones
After sweeping both sides of the range (80 up / 40 down), gold is now consolidating between 3,328 – 3,320. With intraday volatility ranging from 80–100 points, today’s focus will be on high-probability reaction zones.
🔴 SELL Bias for Today
Primary Resistance: 3,376 – 3,378
→ This zone is expected to act as the first defense for sellers.
If broken, watch the final resistance at 3,410 — a key structural level.
→ A clean breakout above 3,410 may invalidate the sell setup and shift the bias back to BUY.
🔍 News to Watch
⚠️ Unemployment Claims (U.S.) will be released during the New York session.
→ Given current market sensitivity, expect volatility to spike around this release.
🧭 Today’s Trading Zones
🟢 BUY ZONE
Entry: 3,230 – 3,228
SL: 3,224
TP Targets: 3,234 → 3,238 → 3,242 → 3,246 → 3,250 → 3,254 → 3,260
🔻 SELL ZONE #1
Entry: 3,376 – 3,378
SL: 3,382
TP Targets: 3,372 → 3,368 → 3,364 → 3,360 → 3,355 → 3,350
🔻 SELL ZONE #2
Entry: 3,408 – 3,410
SL: 3,414
TP Targets: 3,402 → 3,398 → 3,394 → 3,390 → 3,386 → 3,382 → 3,375 → 3,370
🛡️ Risk Management Note
The market remains extremely volatile and headline-driven. Stick to your trading plan and always respect TP/SL levels to protect your capital — especially during high-impact news releases.
💬 Are you planning to sell into resistance or wait for a deeper pullback to buy? Share your setups and ideas below! 👇👇👇
JK CEMENT | Strong Volume Breakout | Short-Term Upside in Play📈 Short-Term Trade Plan:
Buy Zone: ₹5,240–₹5,255 (on retest of breakout zone)
Target 1: ₹5,310
Target 2: ₹5,360
Stoploss: ₹5,195 (below the breakout candle wick)
🔍 Technical Insights:
Strong volume surge on breakout above ₹5,220–₹5,230 resistance zone.
RSI comfortably above 60, suggesting sustained strength.
Box breakout pattern typically suggests upward continuation with momentum.
for educational purposes only
C98USDT — Descending Wedge & High R/R ZoneBased on the current structure, BINANCE:C98USDT is moving within a descending wedge , approaching zones that align with early investor positions.
🔍 What I’m seeing:
Potential drop into the range of a previous horizontal channel - marked on the chart.
We've already reached the Strategic Round level; below that is the Seed Round .
Assuming the project isn’t abandoned, it makes sense to expect investor defense in this zone.
From what I observe, there's likely accumulation happening from weak hands - at a discount .
🛡️ Approach:
As I’ve said before - you can’t treat coins like this in isolation .
They should be traded as part of a group of low-liquidity tokens , with proper risk management .
You can’t know in advance which one will “survive” without insider info from the team.
So the key is having a solid strategy and managing your portfolio and risk wisely .
📈 Targets:
Potential breakout targets from the wedge are marked on the chart.
If the market remains weak, I’ve noted a lower zone where consolidation might occur (sideways chop within a horizontal channel).
💭 Opinion:
The market is “paused” and waiting for a catalyst. You can’t rush it.
But zones like the current one on BINANCE:C98USDT seem attractive in terms of risk/reward .
The goal isn’t to guess - it’s to follow a pre-built strategy and stay focused .
📌 As always, this is not financial advice. Just my personal take and observations on the structure.
GBP/USD is Bullish: This Breakout Triggers the UptrendFenzoFx—GBP/USD fell from $1.3435, testing the 50-period simple moving average near $1.3276. The Stochastic Oscillator is nearing the 20 level, suggesting the US dollar is overbought in the short term.
Support lies at $1.3202. The outlook remains bullish while above this level, though a close above $1.3295 is needed to confirm upward momentum. A retest of $1.3435 could follow.
Bearish Scenario: A drop below $1.3202 would invalidate the bullish view, potentially extending the decline to $1.3144 or even $1.3030 under sustained selling pressure.
BlackRock's Bitcoin ETF Can Be Unfolding A Bullish ImpulseBlackRock's Bitcoin ETF with ticker IBIT made a massive rally in 2024, which can be wave 3 of an ongoing five-wave bullish impulse. Despite the recent decline at the beginning of 2025, it's still above 42 invalidation level, and as long as it's above that level, it can be wave 4 correction, so we may still see that 5th wave this year.
The Elliott Wave Principle is a form of technical analysis that identifies patterns in market movements. A bullish impulsive wave is one of the most important and common wave structures in an uptrend. It describes how prices typically move in the direction of the main trend. A bullish impulsive wave consists of five waves labeled 1, 2, 3, 4, 5.
Bitcoin Rallies on Stablecoin Optimism and Liquidity BoostMacro:
- The crypto market rebounded as sentiment improved following the US Treasury Secretary's proposal to ease stablecoin regulations, boosting trading volumes and risk appetite.
- On-chain data reflects growing activity. The average bitcoin trade size rose 15% MoM, overall volume jumped, and 78% of supply is now in profit.
- Liquidity support from the increasing M2 money supply in China and the US has further enhanced bitcoin's appeal.
Technical:
- BTCUSD surged to resistance near 94300, aligning with the 100% Fibo Extension, before forming a Doji candle that signals possible correction. The price remains above both EMAs, indicating a bullish shift.
- If the price breaks below 92000, it may leads to a pullback toward the 87000–90000 support zone, near the 23.6%-38.2% Fibo Retracement levels.
- A breakout above 94300 may open the door for a move toward the next resistance around 101400.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
#NIFTY Intraday Support and Resistance Levels - 24/04/2025Gap down opening expected in nifty. Expected opening near 24200 level. 24200-24300 levels are the consolidation zone for the today's session. Strong upside rally expected if nifty starts trading and sustain above 24300 level. Any downside only expected below 24200 level. Downside 24000 level will act as a strong support for today's session.
[INTRADAY] #BANKNIFTY PE & CE Levels(24/04/2025)Today will be slightly gap down opening expected in index. After opening 55050 level will act as a strong support for today's session. Expected reversal from this level. Upside above 55550 level there will be strong bullish rally expected upto 55950+ level in today's session. Any major downside only expected below 55000 level.
Boeing (BA, 1W) Falling Wedge + H-Projection TargetOn the weekly chart, Boeing has formed a classic falling wedge — a bullish reversal pattern that typically signals the end of a correction phase. After a sharp decline from $267.97 to $138, price action began to compress within a wedge, forming lower highs and higher lows on declining volume — a textbook setup for a breakout.
The structure remains active: a confirmed breakout above the upper wedge boundary, with a retest near $181.60 (0.618 Fibonacci retracement), would validate the pattern and trigger the next upward phase.
The projected move (H) equals the height of the previous impulse — $130.02. Adding this to the base of the wedge (~$138) yields a technical target of $268.00, aligning with the previous high and completing the structural recovery.
Technical summary:
– Multiple confirmations of wedge support
– Volume declining into the apex (bullish)
– Entry zone: breakout + retest at $181.60
– Mid-level resistance: $198.09 (0.5 Fibo)
– Final target: $267.97–$268.00 (H-projection complete)
Fundamentals:
Despite operational setbacks, Boeing remains structurally positioned for recovery as demand for commercial aircraft rebounds. Additional support could come from improving supply chains, increased defense contracts, and a more dovish outlook from the Federal Reserve heading into 2025.
A breakout above $181.60 and sustained momentum would confirm the falling wedge pattern and activate the H-measured move toward $268. This is a structurally and fundamentally supported mid-term recovery setup
EMCURE PHARMA | Approaching Key Resistance | Breakout or Triple ⚙️ Technical Setup Highlights:
Price is testing a resistance zone around ₹1100, which has been rejected twice before (as indicated by black arrows).
Volume has picked up on the recent move up — indicating buying interest.
RSI is turning up from near the 50 level, signaling positive momentum.
📈 Trade Plan:
🔹 If Price Breaks Above ₹1110-1120 with Volume:
Buy above ₹1120 (wait for a breakout candle with volume)
Target 1: ₹1180
Target 2: ₹1240
Stoploss: ₹1070 (just below the breakout level)
🔻 If Price Rejected at ₹1100-1120 Zone Again:
Sell near ₹1100-1110 (on bearish reversal candle confirmation)
Target: ₹1020
Stoploss: ₹1130
🎯 Ideal Strategy:
Wait for confirmation — either a clean breakout above ₹1120 or a rejection signal at resistance. Avoid trading within the zone.
for educational purposes only
ASTRAL LTD | At Key Trendline Resistance | Breakout or Rejection🟢 Buy Recommendation (Breakout Trade)
Entry: Buy only on breakout and daily close above ₹1,420–₹1,430 (above trendline resistance).
Target 1: ₹1,550
Target 2: ₹1,650
Stop Loss: ₹1,320 (below recent consolidation support)
📌 Rationale: If price breaks above the trendline on good volume and closes above ₹1,430, a trend reversal may begin.
🔴 Sell/Short Recommendation (Rejection Trade)
Entry: Sell if the price gets rejected from ₹1,400–₹1,420 and shows a red candle (confirmation).
Target 1: ₹1,280
Target 2: ₹1,180
Stop Loss: ₹1,445 (above the trendline)
📌 Rationale: If the price fails to break the trendline, it could resume the downtrend. RSI is overbought, and sellers might take over.
🔴 Sell/Short Recommendation (Rejection Trade)
Entry: Sell if the price gets rejected from ₹1,400–₹1,420 and shows a red candle (confirmation).
Target 1: ₹1,280
Target 2: ₹1,180
Stop Loss: ₹1,445 (above the trendline)
📌 Rationale: If the price fails to break the trendline, it could resume the downtrend. RSI is overbought, and sellers might take over.
for educational purposes only
Gold Drops $200 in Hours – Panic or Opportunity? 📌 Gold Plunges $200 – Volatility Surges Amid Fed Signals and Market Panic 🔥📉
📰 What Just Happened?
Yesterday, gold (XAU/USD) experienced one of its sharpest intraday drops in recent months, tumbling from the all-time high around $3,500 to as low as $3,318, losing nearly $200 in just a few hours.
This marked a significant correction following an extended bullish trend.
🔍 Key Drivers Behind the Crash
Fed-related commentary spurred aggressive profit-taking across the market.
The USD staged a technical rebound, exerting downward pressure on gold.
Rapid sentiment shifts triggered panic selling and liquidation flows.
🧭 What’s Next for Gold?
The $3,300–3,320 zone is now a crucial support — if this level holds, a technical recovery could unfold.
However, a break below $3,300 may expose gold to deeper downside targets near $3,250.
⚠️ Strategic Considerations
This is a high-volatility environment — flexibility and strict risk management are key.
Current sentiment is fragile. Unpredictable political headlines and mixed Fed signals are adding to the uncertainty.
In the latest development, Trump clarified he has no intention to fire the Fed Chair and hinted that China’s tariffs could be eased slightly — but not eliminated. These mixed messages continue to create sharp swings in price.
📊 Trade Plan
🔻 SELL ZONE #1:
Entry: 3,378 – 3,380
Stop Loss: 3,384
Take Profits: 3,374 → 3,370 → 3,366 → 3,362 → 3,358 → 3,350
🔻 SELL ZONE #2:
Entry: 3,408 – 3,410
Stop Loss: 3,414
Take Profits: 3,404 → 3,400 → 3,396 → 3,392 → 3,386 → 3,380
🟢 BUY ZONE:
Entry: 3,292 – 3,290
Stop Loss: 3,286
Take Profits: 3,296 → 3,300 → 3,304 → 3,308 → 3,312 → 3,316 → 3,320
The priority remains to sell into rallies near resistance while the downtrend unfolds. All trades should be protected with tight stop-losses, given the current unpredictability.
🧠 Key Takeaways
This is not a market for guessing — wait for price confirmation at key zones.
Focus on reaction zones, not forecasts.
Stay light, stay nimble, and manage risk carefully — news-driven volatility is at its peak.
💬 How are you positioning in this volatile gold market? Waiting for the bounce or selling the rallies? Let us know below! 👇👇👇
GBPJPY TRADE UPDATE: Is the Bull Run Still On? | Reading CandlesGBPJPY TRADE UPDATE: Is the Bull Run Still On? | Reading Candles
In our latest video, we’re revisiting the GBPJPY trade setup shared earlier this week. With an entry at 188.813, a protective stop loss at 186.814, and a target at 195.170, this swing trade was built on a solid confluence of structure, price action, and momentum bias.
So far, price has respected the entry zone and is making a slow but steady climb. In the video, we break down what’s happening now, how the market reacted to recent news events, and whether the move still has enough steam to reach our target.
We also touch on:
The importance of letting your trade breathe
How to manage open profits without micromanaging
Why patience is one of your most profitable skills
This isn’t just about GBPJPY—it’s about trading with a plan and letting the probabilities play out.
Have you ever exited a trade too early, only to watch it hit your original target later? Let’s talk about that in the comments.
📺 Watch the full update on and stay locked in.
Nightly $SPY / $SPX Scenarios for April 24, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for April 24, 2025 🔮
🌍 Market-Moving News 🌍
🇪🇺 European Banks Brace for Tariff Impact: European banks are facing a challenging outlook as U.S. tariff hikes raise recession fears. Analysts anticipate slower revenue growth and increased loan loss provisions, with institutions like BNP Paribas expected to report earnings reflecting these pressures.
✈️ Airline Industry Faces Booking Declines: European airlines report a 3% drop in planned summer trips, with leisure travel down 8% compared to 2024. Economic concerns and rising travel costs, particularly among Gen Z travelers, are contributing factors. Airlines like Ryanair and Air France-KLM are considering fare adjustments to maintain demand.
👗 Kering's Revenue Drops Amid Gucci Struggles: Luxury group Kering reported a 14% decline in Q1 revenue, with flagship brand Gucci experiencing a 25% drop. The company attributes the downturn to ongoing brand challenges and macroeconomic factors affecting consumer spending in key markets.
📊 Key Data Releases 📊
📅 Thursday, April 24:
📦 Durable Goods Orders (8:30 AM ET):
Forecast: +2.1%
Previous: +0.9%
Measures new orders for manufactured durable goods, indicating manufacturing sector health.
📈 Initial Jobless Claims (8:30 AM ET):
Forecast: 222,000
Previous: 215,000
Reflects the number of individuals filing for unemployment benefits for the first time, signaling labor market trends.
🏠 Existing Home Sales (10:00 AM ET):
Forecast: 4.14 million
Previous: 4.26 million
Indicates the annualized number of existing residential buildings sold, providing insight into housing market conditions.
⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
Thu 24th Apr 2025 XAU/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a XAU/USD Sell. Enjoy the day all. Cheers. Jim
Thu 24th Apr 2025 EUR/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/USD Sell. Enjoy the day all. Cheers. Jim