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GE Daily Chart: Corrective Pullback Towards Key Support LevelOverview: GE has experienced a significant bullish run since early April, forming a well-defined ascending channel. However, recent price action indicates a potential corrective pullback after failing to sustain above the upper boundary of this channel. The stock is currently trading below the lower trendline of its previous upward channel, suggesting a short-term weakening of momentum. Key Observations & Analysis: 1. Ascending Channel (April - June): From early April to early June, GE demonstrated a strong, consistent uptrend, respecting the boundaries of a well-defined ascending channel. This indicated strong bullish sentiment and controlled accumulation. 2. Recent Break Below Channel: In the past few days, the price has clearly broken down below the lower trendline of this ascending channel. This is a significant technical event, often signaling a potential deeper correction or a pause in the previous strong uptrend. 3. Current Price Action: GE is currently trading around $239.72, having pulled back from its recent highs near 255-to- 258. The red candlesticks confirm the ongoing selling pressure in the short term. Identified Support Levels: We have identified two crucial support zones where buyers might step in, based on previous price action and potential demand areas: • 1st Support Zone (230 - 238): This is the immediate and first line of defense for the bulls. This zone aligns with previous consolidation areas and could act as a strong demand zone if the selling pressure subsides. • Key Support Zone (215 - 220): Should the 230-238 support level fail to hold, the 215-220 zone represents a more significant "Key Support." This level appears to be a stronger historical demand area that could provide a more robust bounce opportunity. Potential Price Scenarios & Target: Based on the current pullback and identified support levels, two primary bullish rebound scenarios are outlined: • Scenario 1 (Shallow Pullback): The price finds strong support within the 230-238 range. From there, we could see a rebound, potentially retesting previous highs. • Scenario 2 (Deeper Pullback): If the 1st support fails, the price extends its correction to the 215-220 Key Support zone. A strong bounce from this level would then be anticipated. In both scenarios, the projected upside target for a rebound is the 250 - 258 Target zone. This target range aligns with the previous highs and the upper boundary of the now-broken ascending channel. Invalidation: A sustained close below the 210 level would be a significant bearish development, invalidating the immediate bullish rebound thesis and potentially opening the door for further downside. Conclusion: GE is currently undergoing a healthy corrective pullback after a strong rally. Traders should closely monitor the price action around the identified support zones (230−238) and (215−220) for potential bullish reversal signals. A successful bounce from either of these levels could see GE aiming for the 250−258 target. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
NYSE:GELong
by ManiMarkets
Accurately capture golden trading opportunitiesBased on the current trend, it is recommended to focus on low-long operations, but be wary of the market repeating the pattern of the previous few days of high-rush, wash-out and fall. From the perspective of key points, 3360 has been converted from a previous resistance level to a support level. At the same time, the hourly line forms an important support near 3358. If there is a stabilization signal at this position, it can be regarded as a good opportunity to go long. However, if the market falls below the 3356 line, it is not ruled out that the price will further fall to around 3345. This position is the key long-short watershed during the day. Once it is lost, the short-selling force may increase; in extreme cases, if there is a deep wash-out, the gold price may even pull back to 3325. For the upper resistance, pay attention to 3395-3405 first. If it can break strongly, it can further look to 3414. Based on the above analysis, the trading strategy is as follows: If gold falls back to the area near 3345-3355 and does not break, you can consider arranging long orders; When the price rises to the area near 3395-3405 and does not break, you can try to arrange short orders. When operating, be sure to strictly set stop losses and control risks. Today's market trend is completely in line with the predicted rhythm, with a clear shock structure and flexible response around key points. With precise layout based on two-way thinking, we can achieve a double kill of long and short positions and a steady harvest. If your current gold operation is not ideal, and we hope to help you avoid detours in your investment, please feel free to communicate with us!
OANDA:XAUUSDShort
by TP_Daniel5
Rough Rice Commodity Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Rough Rice Commodity Quote - Double Formation * (A+ Set Up)) - *Diagonal Shift | Completed Survey * (Intraday Downtrend)) - *A+ | Subdivision 1 - Triple Formation * (P1)) / (P2)) & (P3)) | Subdivision 2 * (TP1) | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) | Indexed To 100 - Position On A 1.5RR * Stop Loss At 90.00 USD * Entry At 89.00 USD * Take Profit At 86.00 USD * (Downtrend Argument)) & No Pattern Confirmation * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:RRShort
by TradePolitics
Gold price fluctuates again, layout in the evening📰 Impact of news: 1. Initial jobless claims data favors bulls 📈 Market analysis: The high of 3392 in the US market fell back for the first time to test the 3377 area to stop the decline and then tried again but failed to break through the 3400 integer mark. It can be seen that this position is very suppressed. The top and bottom conversion of 3377 has become the watershed for bulls to defend in the future market. 3400 is the short-term key pressure and the closing line has a long upper shadow K. If 3377 is lost, the price will fluctuate again. In the short term, focus on the 3390-3400 resistance on the upside and the 3377-3365 support on the downside. 🏅 Trading strategies: SELL 3385-3395 TP 3370-3360 BUY 3365-3360 TP 3390-3400 If you agree with this view, or have a better idea, please leave a message in the comment area. I look forward to hearing different voices. TVC:GOLD FXOPEN:XAUUSD FOREXCOM:XAUUSD FX:XAUUSD OANDA:XAUUSD
OANDA:XAUUSDLong
by AllenBoswell-2
USD/CAD Breaks Through Multi-year Trend Support USD/CAD broke through a key pivot zone last week at 1.3721/94- a region defined by the 38.2% retracement of the 2021 advance and the 61.8% retracement of the late-2023 advance. The subsequent decline is now extending more than 2.9% off the May highs with initial support within striking distance. Weekly momentum has now dropped to the lowest levels since 2021 and a break of the 2021 uptrend (2022 trendline) threatens further losses ahead. Initial weekly support rests at the 1.618% extension of the February decline / 78.6% retracement of the late-2023 advance near 1.3504/23. Note that basic channel support converges on this threshold over the next few weeks and further highlights the technical significance of this zone (area of interest for possible downside exhaustion / price inflection IF reached). Subsequent support rests with the 2024 low-week clow (LWC) at 1.3360 and the 2023 LWC at 1.3218. Weekly resistance is now eyed back at 1.3721 & 1.3795. Broader bearish invalidation is now lowered to the 52-week moving average / 2022 swing high near ~1.3961/78- a breach / close above the yearly channel would ultimately be needed to suggest a more significant low is in place. Bottom line : USD/CAD has broken below multi-year uptrend support and threatens further losses in the weeks ahead. From a trading standpoint, look to reduce portions of short-exposure / lower protective stops on stretch towards 1.3523 IF reached- rallies should be limited to 1.3795 IF price is heading lower on this break with a close sub-1.35 needed to fuel the next major leg of the decline. -MB
by FOREXcom
ADA | Liquidity Drain or UPSIDE POTENTIAL??ADA is lacking behind in terms of altcoins this season. We've not yet seen the new highs or parabolic increases that is due for a new BTC ATH. We're seeing higher highs, and higher lows in the macro which is a bullish sign - indicating the trend is still BULLISH From the macro, we do see a better picture.. at least THIs time around, the accumulation cycle isn't in such a tight range, and you could day trade / swing trade: _______________ BINANCE:ADAUSDT
Long
by Crypto-Check-
EUR/USD remains bullish 💡Message Strategy The EUR/USD exchange rate continued to rise in the European session, gradually approaching the previous high of around 1.1600. The US dollar continued to be under pressure due to the market's rising expectations for the Federal Reserve to cut interest rates this year and the increasing uncertainty surrounding the US foreign trade policy. US President Trump recently said that he would send letters to trading partners in the next one to two weeks to notify them of unilateral new tariff measures, which once again plunged the market into a state of worry. In addition, the US CPI annual rate in May was 2.4%, lower than the expected 2.5%, which strengthened the bet that the Federal Reserve will restart the interest rate cut cycle in September. At the same time, the relatively hawkish signal of "interest rates close to neutral levels" released by ECB President Lagarde, coupled with the market's rethinking of the role of the euro in the context of "de-dollarization", jointly supported the upward structure of the exchange rate. Currently, traders are paying close attention to the US PPI data and initial jobless claims to be released in the evening, which may have a traction on the short-term trend of the US dollar. 📊Technical aspects Judging from the chart, the current price of EUR/USD is near the upper track of the Bollinger Band (1.1548), and the Bollinger Band is in an expanding state. The width of the Bollinger Band has widened, reflecting the increase in volatility, suggesting that there may be a possibility of a large-volume breakthrough in the future. In terms of MACD indicator, the DIFF line continues to rise and forms a golden cross with the DEA line. Although the momentum of the bar chart is not strong, it has not turned negative, indicating that the bullish momentum is moderate; RSI is running around 64, close to the overbought area but no divergence is formed. The market momentum is bullish and the technical side is slightly bullish. Short-term support is at 1.1500 and 1.1440; if it effectively breaks through 1.1600, the upside space may reach 1.17. 💰 Strategy Package Long Position: 1.1450-1.1550
Long
by TheodoreSilas
6
Bitcoin The True king is getting Ready for 130K$It is finally one of those times which happen every few years for Bitcoin and Crypto market and i think personally it is time for a good pump here and for Alt coins. Major supports now are: A. 107000$(local support now and here) B. 102000$(previous daily rejections) C. 100000$(Major and strong daily support) After more range or without that soon 114K$ will break to the upside and next strong moves will start there because so many stop loss of sellers and new sellers there can bring good liquidity too. DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Long
by MMBTtrader
4
Novartis | NVS | Long at $99.00As one of the largest pharmaceutical companies in the world, Novartis NYSE:NVS is poised to grow well into 2027. It's trading at a 17x P/E, earnings are forecast to grow 7% per year, it has low debt, and has been raising its dividend over the past few years (3.8%). The price on the daily chart is nearing the historical simple moving average line and may be poised for another move up. However, entry into the lower $90's or even $80's is still not off the table and, in my view, a great opportunity. Thus, at $99.00, NYSE:NVS is in a personal buy zone. Target #1 = $110.00 Target #2 = $120.00
NYSE:NVSLong
by WorthlessViews
AMC Entertainment Holdings | AMC | Long at $3.66First, I'm not an " NYSE:AMC APE" and have zero interest in becoming one. Second, don't trade NYSE:AMC unless you are fully aware the investment could go to zero or the company may devalue your trade via share dilution or other means (i.e., don't simply do as I do or blindly follow anyone else's moves, for the matter). With that aside, I started a position/gambling play today in NYSE:AMC at $3.66. The reason is 80% technical analysis and 20% fundamentals. Technical Analysis: The blue line on the chart represents an average true range (ATR) from a historical simple moving average (SMA) that I use for trading. For simplicity, the historical SMA is not show on the chart - just the ATR. This blue ATR line has historically been a major line of resistance and support. When it breaks through and holds, the stock goes bull - but history may not repeat. The price recently broke the blue ATR line, fell below, and the broke out again today. This may be a sign that the downward trend (overall) is changing - perhaps furthering the accumulation phase in the $3s or a gradual rise from here. And with today's breakout, I grabbed shares at $3.66. Fundamentals Since 2020, NYSE:AMC has shown major gains in revenue and net income (loss reduction, that is). Revenu: $1.24 billion (2020); $2.53 billion (2021); $3.91 billion (2022); 4.81 billion (2023); $4.4 billion (2024, Q1-3 only). Net Income: -$4.5 billion (2020); -$1.27 billion (2021); -$973 million (2022); -$396 million (2023); -$399 million (2024, Q1-3 only). The company is not expected to become profitable until Q4 of 2026 , but the improvements are what one would like to see. Counter-arguments and statements the stock is junk are totally valid. But the chart is quite interesting as the company moves toward profitability (maybe...). Targets: $4.30 $6.00 Squeeze/mass hysteria: $18.00, $40.00, and ridiculousness: $85.00
NYSE:AMCLong
by WorthlessViews
6
Ironwood Pharmaceuticals | IRWD | Long at $0.61Ironwood Pharma NASDAQ:IRWD stock dropped ~89% in the past year due to disappointing Phase 3 Apraglutide trial results, FDA requiring an additional trial, weak Q1 2025 earnings (-$0.14 EPS vs. -$0.04 expected), high debt ($599.48M), and analyst downgrades. So why would I be interested in swing trading this company? The chart. The price has entered my "crash" simple moving average zone, which often results in a reversal - even if temporary. Also, Linzess (GI drug) revenue is steady, and I thoroughly believe that alone pushes the fair value near $0.95, if not higher. Thus, at $0.61, NASDAQ:IRWD is in a personal buy zone with the potential for additional declines before future rise. Target: $0.95 (+55.7%)
NASDAQ:IRWDLong
by WorthlessViews
Trendline Break Retests: The Setup Nobody Talks AboutHello, Traders! 😎 It’s one of crypto's most overlooked yet commonly recurring structures: the trendline break and retest. You’ve probably seen it without even realizing it. A clean trendline gets broken, price pulls away, and then, quietly, almost politely, comes back to “kiss” the line before taking off again. Or dropping. That’s the retest. And in the chaotic crypto world, where hype often drowns out structure, this simple behavior deserves more attention. 🔍 First, What Is a Trendline Really? A crypto trendline connects key highs or lows on a chart, not to predict the future, but to help visualize the mean price trendline: the market's directional bias. In rising markets, we draw support lines connecting higher lows. In falling markets, resistance lines link lower highs. Learning how to draw trendlines in crypto properly is a skill in itself. Use wicks or closes? Log scale or linear? Everyone has a method, but consistency is key. If you’re unsure, zoom out and let the chart speak first. But once that line is broken, something changes. 🧠 Why Breaks (Alone) Are Not Enough In theory, a break of the trendline means momentum has shifted. But in practice? Breaks happen all the time in crypto; many are fakeouts or short-lived. That’s where the trendline break and retest come in. It’s the market asking: “Are we done with this trend?” Retests often create the cleanest entries for trend continuation, not because they guarantee success, but because they offer structure. They provide a technical “moment of truth” when buyers or sellers show their true strength. And if the retest holds? The move that follows tends to be more confident and less noisy. 📐 Trendline Break & Retest: Mapping the Larger Structure Looking across the full BTC/USDT weekly chart, several major shifts can be framed through the lens of trendline crypto behavior, particularly the classic sequence of break → retest → continuation. 🔻 2021–2022: Macro Breakdown After the bull run to ~$69K in 2021, Bitcoin started forming a descending series of lower highs, which gave rise to a macro-level downward trendline — a key reference point for many traders at the time. 🔴 Upper Zone: Failed Retest Cluster The upper horizontal band (~$47K–$52K) highlights a zone where BTC repeatedly attempted to reclaim the broken structure. Each time the price rallied into this region, sellers stepped in, forming local highs and multiple failed retests (marked with red circles). This wasn’t just resistance — it was a battleground where buyers tried to flip the trend… and couldn’t. This behavior often signals a trendline break rejection, where the market tests the underside of prior structure, then resumes the existing trend. 🔴 Lower Zone: Breakdown and Retest That Held The lower zone (~$28K–$32K) was formerly a strong support area during mid-2021. Once it was broken in early 2022, the price returned to retest from below, failing to reclaim it, confirming it had turned into resistance. This is a textbook example of trendline retest turned supply, and after the failed reclaim, BTC slid further into the ~$16K range. ✂️ Late 2023: The Breakout In late 2023, BTC finally broke above the descending trendline, confirming a long-term shift in momentum. Importantly, this wasn’t just a clean breakout. The market returned shortly after to retest the broken trendline, around the $42K–46K range, forming a consolidation zone. 🟩 And Then Came the Retest from Above Let’s fast-forward to early 2024. After months of chop, Bitcoin finally breaks through that upper red zone (the same one that previously acted as resistance and rejection city). But here’s the part many miss: It didn’t just moon. It came back. Look closely at the green zone around ~$46K–$48K, the same area where BTC got rejected multiple times in 2021–2022. And now? Price pulls back, taps that level from above, and holds. That makes this zone so interesting: 👉 It’s a classic “retest from the other side”, where former resistance becomes support. The market is saying: “This level matters. Let’s make sure it holds before we go further.” It’s a quiet confirmation and a great example of how crypto trendlines and price memory shape behavior, even months or years later. 🪞 It’s Not Just About Lines — It’s About Psychology Why does this pattern repeat? Because breakouts are emotional. They create FOMO. Traders rush in. Then the market pauses, tests your conviction, and shakes out the impatient. Retests act like a filter. They flush out the noise — and confirm who’s really in control. That’s why drawing trendlines in crypto isn’t just about geometry. It’s about crowd behavior. When enough traders see the same line, and price respects it after the break, it becomes a self-fulfilling zone of interest. 🧭 A Word of Caution This isn’t a secret formula. Not every trendline crypto setup will play out cleanly. SOME BREAKS NEVER RETEST. SOME RETESTS FAKE YOU OUT. AND SOMETIMES, THE LINE YOU DREW ISN’T THE ONE THE MARKET IS ACTUALLY WATCHING. But if you learn to draw trendlines in crypto clearly, stay patient, and observe the trendline break retest behavior, you’ll begin to see this pattern appear again and again. Quietly. Consistently. It won’t make the headlines like “BTC Hits 100K,” but it might just tell the story behind that move. This is just one example. In reality, charts are full of these zones. Each one tells a part of the story. And honestly, why not listen?
Education
by WhiteBIT
BTC ENDED WITH ITS BULL RUN AND NOW IS THE STARTING LINE OF BEARMark my words down as BITCOIN started with its bear RUN!!! From the view, we can know that bitcoin is unable to break HH recently, and fall sharply align with Nasdaq100, which break through the bull trend from the 4hr view and also daily view. 4% SL and TP 27% pullback bear run is very beneficiary. When more and more big whale players come in to this game, you have to know who is the banker for now. Binance? Coinbase? Nope. The boss is CME.
Short
by DA_GinooBB
4
The surge in the euro was expected 💡Message Strategy Since the beginning of this trading week, a number of economic data released by the United States have been weak. Following the decline in the manufacturing PMI, the ISM service PMI for May released on Wednesday fell to 49.9, the first contraction in nearly a year. In addition, the ADP employment data was also far below expectations, with only 37,000 new jobs, far below the expected 115,000, which strengthened the market's concerns about the risk of a US recession, thereby dragging down the US dollar. At the same time, risk aversion and uncertainty in the United States have not improved significantly, and trade tensions, debt prospects and weak US bond yields have put pressure on the US dollar. Obviously, in the game between eurozone monetary policy and US economic data, the euro wins. 📊Technical aspects From the daily chart, the exchange rate has maintained a strong oscillation pattern since mid-April, and has generally been running between the middle and upper tracks of the Bollinger Bands. The upper track of the Bollinger Bands is currently at 1.1471, and the lower track is at 1.1118. The Bollinger Bands are slightly open, indicating a rebound in volatility. The MACD indicator shows that the double lines form a golden cross, and the bar chart turns from green to red, suggesting that the downward momentum is weakening; the RSI indicator remains near 57, slightly in the neutral to bullish area, and has not yet reached the overbought level. The overall technical pattern tends to fluctuate upward. If it breaks through the 1.1500 area, it will continue to rise. At present, the main idea is still to do more on the callback, and do not blindly chase the short. Long Position: 1.14450-1.14650
Long
by TheodoreSilas
1
Will gold definitely rise if the news is good? 📊Technical aspects 1. The daily line pattern continues to close. The previous three days relied on the lifeline to lift the space. Now the lifeline position is in the 3317 area, which is close to the early morning low point 3319 and becomes the support range The upper rail resistance position 3405 coincides with the previous high point 3403.5 area Comprehensive support 3317-3319, resistance 3403-3405 2. The four-hour surge of more than 50 US dollars has pulled the pattern upward, but the European session just fell sharply by 37 US dollars, and the market has been pulled back to the exit again. Pay attention to the lifeline position and the double line superposition at 3335-3330, which also coincides with the lower track of the small channel 3330-3325 area, and together become the nearest support area The upper track overlaps with the upper track of the small channel 3370 area Comprehensive support 3320-3330, resistance 3370-3380 Currently, under multiple favorable factors, gold has repeatedly failed to break the previous high (3403). From the technical pattern, it can be seen that the upper resistance line is still strong. On the contrary, the sharp drop just echoes the weakness of the bulls. Gold is still dominated by shorts. Finally, let me talk about the current international situation that is favorable to gold. If you simply trade based on news, I don’t think everyone will become a millionaire by reading the news. 💰 Strategy Package Short Position：3370-3385
TVC:GOLDShort
by TheodoreSilas
6/12 Gold Analysis and Trading SignalsGood morning, everyone! Gold rebounded after dipping to around $3320 yesterday, following a pullback from our previously defined sell zone (3358–3373). Early today, price broke above 3360, reaching a high of 3373, exactly within the resistance zone we expected. The initial rejection from this level aligns well with our plan. 📈 Technical Analysis: Watch closely whether 3373 can be broken with strong volume. If so, the next key resistance lies around 3385. However, if price reaches this level without first testing the 3352–3346 support, a rejection is likely. In such case, 3385 may serve as a temporary top and a potential short entry point. 🧭 Trend Structure: On the 4H timeframe, the bullish momentum remains intact. The last two candles suggest strong buying pressure. If today's fundamentals are supportive, a test of 3400 or higher is possible. On the 1D chart, the market is still in a technical correction phase. The bounce near 3300 was supported by the long-term trendline. However, if price drops back below 3340 and stays there, a trend reversal becomes more likely. Focus on the 3314–3296 support zone. If that breaks, a deeper drop is likely, possibly $100 or more, pushing price toward 3200–3190. The decline may unfold as a slow grind or sharp breakdown. 📊 Fundamental Watch: Today’s Initial Jobless Claims data could have greater-than-usual impact due to the recent CPI release. The Federal Reserve's Quarterly Financial Accounts Report is also due today and may affect broader market sentiment. 📌 Today’s Trading Recommendations: ✅ Sell Zone: 3385–3403 ✅ Buy Zone: 3331–3321 🔄 Intraday Scalping Levels: 3376 / 3358 / 3346 / 3334
FOREXCOM:XAUUSDLong
by China_MsWang