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Fibonacci

GOLD → Borders are shrinking. Consolidation continues...FX:XAUUSD is adjusting amid controversial CPI data and confirming the local bearish market structure. The PPI is ahead, and gold is consolidating, with its boundaries continuing to narrow... Gold is recovering slightly but remains under pressure amid rising bond yields and a stronger US dollar. Higher inflation in the US reduces the chances of a quick Fed rate cut. Traders are cautious ahead of the PPI data release. If producer inflation exceeds forecasts, the dollar may rise again, putting further pressure on gold Technically, we see consolidation in a symmetrical triangle pattern. Trading within the consolidation has a negative side - low volatility and unpredictable movements. The purpose of such movements is accumulation. However, decisions can be made based on relatively strong levels. In the current situation, we are seeing a rebound from 0.5 Fibonacci (I do not rule out a retest of the 0.7 zone before correction). The price may head towards the liquidity zone of 3322 before rising to the upper boundary of the consolidation and the zone of interest of 3350-3360. Resistance levels: 3345, 3353, 3369 Support levels: 3322, 3312, 3287 The problem is that the price is in a consolidation phase. That is, technically, it is standing still and moving between local levels. You can trade relative to the indicated levels. Focus on PPI data. At the moment, gold is in the middle of a triangle and is likely to continue trading within the boundaries of a narrowing channel due to uncertainty... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
38
GOLD → The triangle is contracting. Retest of support...FX:XAUUSD tested a local high of 3375 but quickly returned to consolidation. The reason is manipulation by the US administration related to Powell, inflation, and interest rates... Demand for gold has risen sharply amid global risks: Trump's aggressive tariff plans, strong inflation, and uncertainty about the Fed's actions have increased interest in defensive assets. Despite the temporary strengthening of the dollar, gold remains a popular hedging instrument. Technical analysis also points to a bullish outlook. However, growth potential is limited until the Fed clarifies its interest rate policy Technically, on the D1 chart, it is clear that the price is consolidating, with the range continuing to narrow. Due to the bullish factors listed above, we can expect growth to continue. However, it is difficult to say where and when the growth will begin due to the uncertainty factor. All attention is on the support at 3320-3312, the triangle support, as well as the consolidation support at 3287. Resistance levels: 3365, 3375 Support levels: 3320, 3312, 3287 Since the opening of the session, the price has spent part of its daily range, so there may not be enough potential for the decline to continue. A false breakdown of support and consolidation of the price above the key zone may attract buyers, which will trigger growth towards resistance. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
11
XRP → ATH retest. Reversal or continued growth?BINANCE:XRPUSDT.P is rallying and ready to test the resistance zone - ATH. Against this backdrop, Bitcoin is consolidating after a bull run. The liquidity pool may hold back growth. Fundamentally, there is excitement across the entire cryptocurrency market. Altcoins are rallying after Bitcoin hit a new high and entered consolidation. The BTC.D index is declining, which generally provides a good opportunity for altcoins to grow. However, the index is approaching technical support, which may affect market sentiment overall... As for XRP, there is a fairly strong liquidity pool ahead — the ATH resistance zone. The price is in a distribution phase after a change in character and a breakout of the downtrend resistance in the 2.33 zone. The momentum may exhaust its potential to break through the 3.35-3.34 zone, and growth may be halted for correction or reversal (in correlation with Bitcoin's dominance in the market). Resistance levels: 3.35-3.40 Support levels: 3.0, 2.64 A breakout of resistance without the possibility of further growth, a return of the price below the level (i.e., inside the global flat) will confirm the fact of a false breakout of resistance, which may trigger a correction or even a reversal. Best regards, R. Linda!
Long
by RLinda
6
GBP/USD Plunges to Make-or-Break SupportSterling is poised to mark a third consecutive weekly decline after turning from resistance at multi-year highs. The decline takes price into critical support at the yearly trendline- this is a make-or-break level for the bulls. GBP/USD is testing confluent support today at 1.3372/90- a region defined by the 2024 high-week close (HWC) and the 23.6% retracement of the yearly range. Looking for a reaction off this mark with a weekly close below the April HWC / median-line at 1.3270 ultimately needed to suggest a more significant high is in place / invalidate the yearly uptrend. Subsequent support rests with the 2023 HWC / 38.2% retracement at 1.3091-1.3143 and the 52-week moving average, currently near ~1.2980. Weekly resistance now eyed at the yearly high-week reversal close at 1.3648 with a breach / close above the 2022 high at 1.3749 still needed to mark resumption of the broader Sterling up trend. Subsequent resistance objectives eyed at the 61.8% extension of the 2022 advance at 1.4003 and the 2021 HWC at 1.4158. Bottom line: Sterling is attempting to break below the yearly uptrend and the focus is on the weekly close with respect to 1.3372/90- risk for price inflection here. From a trading standpoint, a good zone to reduce portions of short-exposure / lower protective stops- rallies should be limited to 1.3648 IF price is heading lower on this stretch with a close below 1.3270 needed to suggest a reversal is underway. -MB
by FOREXcom
9
PEPE Faces Key Resistances – Is a -8% Pullback Coming?The PEPE memecoin ( BINANCE:PEPEUSDT ) is currently near the Resistance zone($0.00001392-$0.00001330) and Important Resistance lines . This is the third time that PEPE has attacked the Important Resistance lines . In terms of Elliott wave theory , it seems that PEPE is completing the microwave 5 of the main wave 3 , so that the main wave 3 is of the extended type . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks. I expect a -8% drop for PEPE in the coming hours. First Target: $0.00001251 Second Target: $0.00001212 Note: Stop Loss(SL)= $0.00001400 Please respect each other's ideas and express them politely if you agree or disagree. PEPE Analyze (PEPEUSDT), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
11
Cardano ADA price analysis🪙 Five months ago, we published a medium-term trade for CRYPTOCAP:ADA , and the price still remains in the buying zone. With the current growth, the price of OKX:ADAUSDT remains in consolidation, and when the correction begins, it would be very good if it stayed above $0.60. 😈 If you still have faith in the prospects of the #Cardano project, you can continue to hold or even buy #ADA during the correction. Well, theoretically possible targets for the #ADAusd price are: TP1 - $1.75 TP2 - $2.90 TP3 - $6.40 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
Short - AMDTime period for this play : week to months Analysis : Elliot wave 12345 ABC. Expect hitting .618 and bounce back up to go higher. Pattern if wave B completed : Head & Shoulder Price Target: Wave ABC ETA Timeline for correction. Please refer to the chart. Upcoming events: Tariff active on 8/1/25 - Friday Earning on 8/5/25 - Tuesday Top is not in yet, so 2 Possible top-in levels: Top 1 - $163.45 : Retesting to hit 163.45, rejected, and break $158 Top 2 - $173.94 : Breaking 163.45 and reject at 173.94 => Overall, It begins trading side way and show some weakness now. The correction may not pull back to .618, which is the best level. Other scenarios: - 0.5 fib, where it test wave 3 - 0.328 fib, strong bullish level if it doesn't break & go to the upside faster
NASDAQ:AMDShort
by Contradnging
3
SPX LONG📘 Daily Trade Journal – Thursday, July 17 1. Trade Overview - Asset:-SPX - Direction:** Long - Entry Time:** After 10:00 p.m. (Vietnam Time) - Timeframes Used:** 1H, 30m - Bias Origin:** Bullish market structure continuation with recent change of character --- 2. Trade Idea (Before Entry) I came to the charts shortly after 10:00 p.m. PopCat had just wicked into the 0.618 Fibonacci level. I considered it a chase, so I passed on it—didn’t get the retracement I wanted. ETH and Solana were not retracing into the OTE zones either. Pengu appeared more bearish—potentially forming a daily lower high, indicating slowing upside momentum. I ruled that one out too. I ended up selecting **SPX**, trading it for the first time. Despite that, I stayed focused on structure and levels: 1H timeframe had a bullish **external break of structure. 30m timeframe showed a temporary bearish retracement, but then a bullish change of character followed. This change of character swept the previous day’s high, which was a concern since that level was also my target, and it had already been touched—possibly by London. Despite this, I decided to take the trade based on: * Anchored Fibonacci from today's early session low to the current high * Overall structure still being bullish * Expecting a possible sweep of today’s **intraday high** and maybe even another test above **yesterday’s high** --- ### 3. **Entry Details** * **Entry Price:** \ * **Risk Taken:** \ * **Stop Loss Placement:** Below the retracement swing low / point of invalidation * **Confluences Used:** * ✅ Fibonacci retracement * ✅ Change of Character * ❌ No AVWAP, trendlines, or order blocks used --- ### 4. **Exit Details** *(To be completed when the trade closes)* * **Exit Time:** \ * **Exit Price:** \ * **Reason for Exit:** \ --- ### 5. **Outcome** *(To be completed when the trade closes)* * **P\&L:** \ * **Partial or Full Exit:** \ * **Session of Exit:** \ --- ### 6. **Self-Assessment** * ✅ **What went right?** * Didn’t force a trade on assets that didn’t return to key levels. * Stayed open to switching assets when familiar names didn’t provide ideal setups. * Executed a setup based on structure, not emotional attachment. * ❌ **What could be improved?** * SPX target had already been swept—may need to reevaluate entering **after** key liquidity has already been taken. * More clarity needed when trading unfamiliar assets for the first time (like SPX). * 📋 **Did I follow my trading plan?** * Yes. I stayed within my timeframe, followed structure, used Fibonacci, respected the process. * 📈 **Would I take this trade again, exactly the same way?** * Yes, with caution. Would want stronger confirmation if the target liquidity has already been touched. Otherwise, setup fits criteria. * 🔎 **How would I rate this trade out of 10?** * \ --- 🧠 Notes for Improvement Today, I didn’t fixate on one asset, which may be a strength. Need to define a clearer protocol for **target levels that have already been swept**—whether to stand aside or expect continuation. Emotionally balanced today. No FOMO trades. If this one plays out, great. If not, it’s still within plan. --- 💤 Closing Note This is Day 3 of live journaling and publishing. One clean setup executed. No overtrading. I’ll let the market decide the outcome and stick to my commitment: one session, one plan, one trade idea. Back tomorrow—same window.
Long
by miiroj
3
EURUSD: The Logic of Institutional Capital UnveiledThe trend is your friend... until it isn't. While EURUSD remains in a clear global uptrend, the short-term picture is far more deceptive. Before you jump into a long position, it's crucial to understand the bearish order flow that has taken control on the 4H chart. This idea isn't about fighting the trend, but about having the patience to join it at the right, high-probability moment. Let's dive in. The most liquid forex asset, EURUSD , continues its global uptrend as long as the price does not close decisively below the daily structure's BOS level at 1.14458. On its ascent, the pair met resistance from a monthly supply zone , from which it began a daily structure correction. This correction was paused by a demand zone and the 61.8% Fib level. While this might seem like a sufficient support point to consider long positions, let's look at the context on the 4H structure to see why I believe the correction will go deeper. The 4H structure shows a clear bearish order flow that began from the aforementioned monthly supply zone. We see this order flow manifest as the price consecutively rejects from order blocks #1 and #2 ( they have fulfilled their role and should no longer be considered — any manipulation zone becomes deactivated after its first mitigation ). It would have seemed logical for the price to then reject from OB #3 , where I was personally expecting a counter-trend short trade upon its mitigation, especially after the 4H structure had broken down (BOS 4H). However, the price doesn't always behave as we expect ; it dropped to the demand zone, leaving behind a 4H FVG. This left OB #3 still technically valid. But the sharp squeeze on July 16th reached the 4H FVG, rebalancing it and thus invalidating OB #3 as a Point of Interest (POI) for large capital. This is because the price was already delivered close to it, and with a high probability, the "Whale" closed its losing hedged long positions there, having no reason to return the price. The sharp upward squeeze on July 16th also served to sweep liquidity from the high marked with an 'x'. These two factors — the FVG mitigation and the liquidity sweep — confirmed the continuation of the bearish order flow and indicated that the price is likely to continue its corrective move towards the next support levels. Let's examine them in more detail. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Two Potential Long Scenarios SCENARIO 1: Entry from the Daily Order Block The first level for a potential reversal is the 78.6% Fibonacci retracement level from the daily structure, in conjunction with a daily order block . ► Setup Condition: Price must reach this level, mitigate the order block, and hold above the 78.6% Fib level. An entry will require LTF confirmation (a BOS or the beginning of LTF order flow). ► Invalidation: A break of the 78.6% level with the price closing below it. Note: I consider the scenario of breaking this level quite probable due to the weakness of this daily order block — it did not sweep any liquidity when it was formed. Thus, it may itself act as liquidity, activating the second long scenario. SCENARIO 2: Entry after a Deeper Liquidity Sweep This scenario becomes valid if the first one fails. ► Setup Condition: A liquidity sweep below the daily structure's break level (BOS D) , which simultaneously corresponds to reaching the 50% Fib level from the weekly structure . This confluence strongly reinforces the setup if this level (at 1.14480) holds. Since this is a weekly level, it must not be broken by the bodies of daily candles closing below it. ► Invalidation: A daily candle close below this level. In that case, we can confidently assume that the uptrend is changing and start looking for short positions. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The principles and conditions for forming the manipulation zones I show in this trade idea are detailed in my educational publication, which was chosen by TradingView for the "Editor's Picks" category and received a huge amount of positive feedback from this wonderful, advanced TV community. To better understand the logic I've used here and the general principles of price movement in most markets from the perspective of institutional capital, I highly recommend checking out this guide if you haven't already. 👇 P.S. This is not a prediction of the exact price direction. It is a description of high-probability setups that become valid only if specific conditions are met when the price reaches the marked POI. If the conditions are not met, the setups are invalid. No setup has a 100% success rate, so if you decide to use this trade idea, always use a stop-loss and proper risk management. Trade smart. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ If you found this analysis helpful, support it with a Boost! 🚀 Have a question or your own view on this idea? Share it in the comments. 💬 ► Follow me on TradingView to get real-time updates on THIS idea (entry, targets & live trade management) and not to miss my next detailed breakdown. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Long
by TheWhaleSM
4
Bitcoin: New All-Time High — What’s Next?Bitcoin had an incredible run, breaking the old all-time high ($111,980) with strong bullish momentum and setting a fresh ATH at $123,218 (Binance). We just witnessed the first major corrective move of ~6% and a decent bounce so far — but the big question is: What’s next? Will Bitcoin break higher over the summer or form a trading range here? Let’s dive into the technicals. 🧩 Higher Timeframe Structure May–June Range: BTC was stuck between $110K–$100K, forming an ABC corrective pattern. Using trend-based Fib extension (TBFE) from A–B–C: ✅ C wave completed at $98,922 (1.0 TBFE) ✅ Upside target hit at $122,137 (-1 TBFE) Full Bull Market TBFE: ➡️ 1.0 → $107,301 → previously rejected ➡️ 1.272 → $123,158 → recent rejection zone Pitchfork (log scale): ➡️ Tapped the upper resistance edge before rejecting. Previous Bear Market Fib Extension: ➡️ 2.0 extension at $122,524 hit. 2018–2022 Cycle TBFE: ➡️ 1.618 at $122,011 tapped. Macro Fibonacci Channel: ➡️ Connecting 2018 low ($3,782), 2021 ATH ($69K), 2022 low ($15,476) → 1.618–1.666 resistance band: $121K–$123.5K. ✅ Conclusion: Multiple fib confluences mark the $122K–$123K zone as critical resistance. Daily Timeframe ➡️ FVG / Imbalance: Big daily Fair Value Gap between the prior ATH and $115,222 swing low. BTC broke the prior ATH (pATH) without retest → a pullback to this zone is likely. Lower Timeframe / Short-Term Outlook We likely saw a completed 5-wave impulse up → now correcting. The -6% move was probably wave A, current bounce = wave B, next leg = wave C. ➡ Wave B short zone: $120K–$121K ➡ Wave C target (1.0 TBFE projection): ~$113,326 ➡ Confluence at mid-FVG + nPOC Trade Setups 🔴 Short Setup: Entry: $120,300–$121,000 Stop: Above current ATH (~$123,300) Target: $113,500 R:R ≈ 1:2.3 🟢 Long Setup: Entry: Between Prior ATH and $113,000 Stop: Below anchored VWAP (~$110,500) Target: Higher, depending on bounce confirmation. 🧠 Educational Insight: Why Fibs Matter at Market Extremes When markets push into new all-time highs, most classic support/resistance levels disappear — there’s simply no historical price action to lean on. That’s where Fibonacci extensions, channels, and projections become powerful tools. Here’s why: ➡ Fibonacci extensions (like the 1.272, 1.618, 2.0) help estimate where trend exhaustion or profit-taking zones may appear. They are based on the psychology of crowd behavior, as traders anchor expectations to proportional moves from previous swings. ➡ Trend-Based Fib Extensions (TBFE) project potential reversal or continuation zones using not just price levels, but also the symmetry of prior wave moves. ➡ Fibonacci channels align trend angles across multiple market cycles, giving macro context — like how the 2018 low, 2021 ATH, and 2022 low project the current 1.618–1.666 resistance zone. In short: When you don’t have left-hand price history, you lean on right-hand geometry. That’s why the $122K–123K zone wasn’t just random — it’s a convergence of multiple fib levels, cycle projections, and technical structures across timeframes. ⚡ Final Thoughts Bitcoin faces major resistance around $122K–$123K backed by multiple fib and structural levels. A retest of the prior ATH zone (~$112K–$113K) looks probable before the next big directional move. Watch lower timeframe structure for signs of completion in this corrective phase. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
4
NZDCHF → Pre-breakdown consolidation on a downtrendFX:NZDCHF is forming a pre-breakout consolidation amid a downtrend. Focus on support at 0.4759. Global and local trends are down... On July 10-11, the currency pair attempted to break out of the trend. In the chart, it looks like a resistance breakout, but technically it was a short squeeze aimed at accumulating liquidity before the fall. We can see that the price quickly returned back and the market is testing the low from which the trap formation began. The risk zone for the market is 0.4759 - 0.475. In simple terms, this is a bull trap against the backdrop of a downtrend. The NZD has passed through the risk zone. At this time, the currency pair is forming a pre-breakout consolidation relative to the support level of 0.4759 with the aim of continuing its decline. Support levels: 0.4759, 0.4753 Resistance levels: 0.477, 0.4782 A breakout of the 0.4759 level and consolidation in the sell zone could trigger a continuation of the decline within the main and local trends. Best regards, R. Linda!
Short
by RLinda
2
EURUSD Elliott Wave: Top in PlaceExecutive Summary Wave 1 rally from January 2025 to July 2025 appears complete Decline to 1.1170 and possibly 1.08 in wave 2. The support shelf near 1.1170 may contain the decline. We now have enough evidence in place to consider a medium-term (or longer) top in place for EURUSD. The weekly chart above shows a rally from the January 2025 low that reached the upper parallel at the July high. This rally appears to be complete and a sideways to lower consolidation is likely underway. On January 24, we forecasted a rally with a second target of 1.18. EURUSD reached the target topping at 1.1830. Now, it’s time to flip the scrip as a correction is likely underway to correct that strong rally. The 6-month rally in EURUSD appears to have ended this month and a correction is likely underway to 1.1170 and possibly lower levels. The top of EURUSD on July 1 is labeled as wave 1. The decline underway appears incomplete and would be wave 2. Within the wave 1, wave ((v)) measures equal to wave ((i)) at 1.1832, just a couple of pips within the actual high. Additionally, there is RSI divergence within the wave ((v)) and wave ((iii)) highs. This is a common pattern within a fifth wave of an Elliott wave impulse pattern. The next trend (lower) will likely carry to below 1.1170. Near this level is the 38% Fibonacci retracement level of the 6-month rally. Additionally, there is a support shelf of broken resistance and congestion appearing between 1.1033 - 1.1275. At the lower end of that price zone is a broken trend line dating back to 2023. Therefore, this price zone will offer up a strong level of support that may launch the next rally or at least a small bounce. BOTTOM LINE The Elliott wave impulse pattern from January to July 2025 appears over. A downward correction appears to have begun and may visit 1.1170 and possibly lower levels. As the downward trend takes hold, we’ll review its structure to determine where we are at within the larger wave sequence.
Short
by JWagnerFXTrader
Sterling Rebounds But Faces Heavy Resistance Ahead GBP/USD Outlook – Sterling Rebounds But Faces Heavy Resistance Ahead 🌐 Macro Insight – UK Labour Data Mixed, Trump Headlines Stir Market The British Pound (GBP) regained some lost ground against the U.S. Dollar after the UK labour market data revealed mixed signals: Wage growth cooled as expected, suggesting a potential easing in inflationary pressures. UK ILO Unemployment ticked up to 4.7%, raising concerns about labour market fragility. Meanwhile, in the U.S., President Trump denied reports about firing Fed Chair Powell, briefly easing tensions and stabilizing USD demand. With both currencies facing mixed narratives, GBP/USD is set for a pivotal move, and traders should stay alert to key liquidity zones and order blocks. 🔍 Technical Setup – MMF + Smart Money Framework On the H2 chart, GBP/USD has reacted from the OBS BUY ZONE at 1.3376, bouncing with a bullish structure and forming a potential continuation pattern. Price is now expected to target key zones above, where significant order blocks and Fibonacci confluence reside. ⚙️ Key Resistance Zones: 1.3578 – 0.5 Fibonacci Retracement + OBS 1.3627 – 0.618 Fibonacci + Supply Zone 1.3697 – CP Continuation Pattern + H2 Order Block These areas represent institutional interest for potential sell setups. ✅ Trade Plan for GBP/USD 🟢 BUY ZONE: 1.3376 – 1.3398 SL: 1.3360 TP: 1.3450 → 1.3485 → 1.3530 → 1.3578 → 1.3627 Look for bullish structure confirmation before entering. Target the next liquidity highs and imbalance zones. 🔴 SELL ZONE: 1.3627 – 1.3697 SL: 1.3735 TP: 1.3580 → 1.3530 → 1.3480 Watch for rejection and bearish divergence at supply areas to time potential swing shorts. 🧠 Strategy Notes This setup combines MMF zones with institutional volume and price action concepts. The pair is currently reacting to a deep discount zone and may climb toward premium levels where selling pressure awaits. Be cautious during New York session volatility, especially with potential U.S. policy headlines and upcoming global inflation data. 🗨 What’s Next? Are bulls ready to reclaim control or will resistance zones cap this recovery? Drop your ideas below and don’t forget to follow for more institutional-grade insights powered by MMF methodology.
Long
by MMFlowTrading
2
Germany 40 – Preparing For A Short Term Range BreakoutTariff worries, including new comments from President Trump stating that he is likely to impose fresh import charges on pharmaceuticals, have continued to dominate the thinking of Germany 40 traders this week. This has lead to some choppy price action for the index, which after opening on Monday at 24140, has bounced between a Tuesday high of 24293 and a Wednesday low of 23923, before settling back into the middle of that range. Throw into the mix, the start of Q2 earnings season for European corporates and an upcoming ECB interest rate decision in a week's time and you can see how price action could become increasingly volatile moving forward into the end of July. Earnings season has so far got off to a slow start in Europe and Germany 40 traders may have to wait until SAP, the company carrying the highest market capitalisation ($352 billion) and index weighting (14.5%), reports its results next Tuesday (after the close) for further insight into where prices may move next. In terms of the ECB rate decision next Thursday (July 24th), market expectations may currently be indicating that another rate cut is unlikely, although it could be a close call. Traders seem to be focusing on recent commentary from policymakers which suggests the balance of power for the time being has shifted to the more hawkish committee members, who have stated that with inflation sitting on the central bank's target of 2% there is no need to cut rates further. Choosing instead to wait for more clarity on the outcome of trade negotiations with the US, which could decide whether a trade war between the world's first and third biggest economies may be something they need to navigate. Technical Update: Assessing Current Pirce Action Having posted a new all-time high at 24639 on July 9th the Germany 40 index has entered a corrective period in price. However, while much will depend on future market sentiment and price trends, traders may well be asking, whether current price declines can develop into a more extended phase of weakness, or if the downside move could be limited as buyers return once again. Time will tell, but in the meantime, technical analysis may help pinpoint potential support and resistance levels which can aid traders in establishing the next possible trends and directional risks. Potential Support Levels: Having recently posted a new all-time high at 24639, it might be argued this is still a positive price trend, especially as the Bollinger mid-average is currently rising. The mid-average stands at 23954, so may mark the first support focus for traders over coming sessions. However, if closing breaks of this 23954 level materialise, it might lead towards a further phase of price weakness towards 23013, the June 19th session low, even 22406, which is the 38.2% Fibonacci retracement of April to July 2025 price strength. Potential Resistance Levels: If the 23954 mid-average successfully holds the current price setback, it could prompt further attempts to extend recent strength. The first resistance might then stand at 24282, which is equal to half of the latest weakness, with successful closing breaks above this level possibly opening scope back to the 24639 all-time high and maybe further, if this in turn gives way. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:GER40
by Pepperstone
$PENGU Taking a Breather? CSECY:PENGU Taking a Breather? Wave 4 May Be Brewing After a strong move, CSECY:PENGU looks like it might be pausing for breath. The recent action suggests we may have just wrapped up a small-degree Wave 3, with price now struggling to clear a key resistance level from earlier in the structure. That hesitation could mark the early stages of a Wave 4 correction...Conservatively. Here’s the zone I’m watching for a potential W4 pullback: - .236 to 50% retracement of Wave 3, measured from the Wave 2 low - Most Likely Target (MLT) sits right around the .382 fib - Keep an eye on time symmetry—Wave 4 may offset the time duration of Wave 2 - Price could react off the base channel as a support guide If this is a W4, it could give us a clean continuation setup into Wave 5—provided it holds structure and doesn’t overlap the Wave 1 territory. Stalking the pullback as it plays out, and am ready to react if we see support step in at the expected fib levels or the base channel. Trade Safe! Trade Clarity!
Long
by CryptoKnee
XRP Hits $3.10 — Rising Wedge or Ready to Fly?XRP has been on a strong run over the past 24 days, rallying from $1.90 → $3.10 — a +62% price increase. But after hitting key resistance, is XRP about to correct, or will it break out further? Let’s dive into the technicals. 🧩 Market Structure Rising Wedge Pattern: The current market structure resembles a rising wedge, with XRP likely completing wave 5. Rejection Zone Hit: Price tapped the nPOC at $3.10 and rejected — providing a clean short opportunity. 📉 Key Support Levels & Confluences Taking the full 24-day bullish move: 0.382 Fib Retracement: $2.6326 — aligns with liquidity pool below the $2.6596 swing low. 226-day Trading Range VAH: ~$2.62 (red dashed line) — adds confluence. Daily Level: $2.60 — further support. Anchored VWAP from $1.90 Low: ~$2.54 (rising over time). ✅ Conclusion: The $2.66–$2.60 zone is a critical support area and offers a solid long opportunity. Trade Setups 🔴 Short Setup (After Breakdown Confirmation): Wait for a sell-off & breakdown of the wedge. Ideal entry: retest of the lower wedge edge, ideal short entry would be between 0.618–0.786 fib retracement. 🟢 Long Setup: Entry Zone: $2.66–$2.60 SL: below VWAP line Target: Fib 0.618 as TP 🧠 Educational Insight: Rising Wedges Explained A rising wedge is a bearish pattern, often signalling weakening momentum as price climbs within narrowing highs and lows. Key points: ➡️ Volume typically declines as the wedge matures. ➡️ Breakdown below the lower wedge edge often triggers stronger sell-offs. ➡️ Retests of the broken wedge support turn into ideal short entries. Pro tip: Combine wedge patterns with fib retracement zones and VWAP levels for higher-confidence setups. Watch for wedge breakdown confirmation before shorting. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
Bitcoin Dominance BTC.D analysisCurrently, the maximum of BTC.D was 65.38% and the absolute maximum is very close, and then the capital will start flowing into altcoins. We will have to keep a close eye on where the capital will go: only to highly liquid altcoins, or to a certain industry, or to a narrative, as it was before: “defi”, “memecoin”, and so on... Do you have any ideas where the capital can go? Write in the comments! ❗️ Also, it is worth noting that such a popular term as "alt-season" lasts less and less, and you have to wait longer and longer for it! It seems that this time the "alt-season" has every chance to last until the end of 2025, and then... it will be seen. Perhaps the market will gain capital and new powerful players who will set a new vector and new rules by 2028.... But first... we have to live to see it!) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
CRYPTOCAP:BTC.D
by P_S_trade
6