Contains IO script
Tata Motors - Weekly EW (Updated Counts)- Analysis - Long Set-upSo, the last pullback was 4th down and we got 5th down today.
680 is 61.8% retracement of Wave 3 and a great entry point for a long trade.
At least A is done and we should play for a B up. Possible 15-20% upside.
Buy now, add around 682. SL 675.
Analysis Of Gold (XAUUSD)💡 Key Economic Updates for the Week:
Nonfarm Payrolls (Friday):
Expected to indicate solid job growth.
Likely to influence USD strength.
Impact on Gold: May react inversely to USD performance based on labor market data.
ISM Services PMI (Thursday):
Provides insights into economic activity and inflation trends.
Federal Reserve Watch:
Traders will monitor speeches from Fed officials for hints on future rate decisions.
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📊 1. Trend Analysis:
• Higher Timeframe (4H Chart):
o The price is trading within an ascending channel (marked by red trendlines),
indicating a bullish structure overall.
o However, the recent rejection from the upper boundary of the channel and
subsequent pullback suggests a potential retracement phase.
• Lower Timeframe (1H and 15M Charts):
o The price has entered a significant demand zone (highlighted in light blue)
after breaking below a minor consolidation range.
o Fibonacci retracement levels are being used to determine possible
Take Profit (TP) levels during the pullback.
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2. Key Levels Identified:
• Resistance Levels (Supply Zones):
o $2,788–$2,790 (Red Zone):
A strong supply area where price has rejected multiple times.
This zone aligns with liquidity above recent highs.
• Immediate Resistance:
o $2,796 (Liquidity Zone):
A potential target if price attempts to retest liquidity near this level.
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• 📊 Support Levels (Demand Zones):
o $2,764 (Fib TP1):
This is the first target level from Fibonacci retracement analysis.
o $2,751.5 (Fib TP2):
A deeper retracement target, aligning with a significant
point of interest (POI) on the chart.
o Channel Support (~$2,750):
The lower boundary of the ascending channel, acting as dynamic support.
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⚠️ Possible Scenarios:
1. Bullish Scenario:
o If price holds above $2,764 (Fib TP1), expect a reversal toward
$2,788–$2,790 (supply zone) or even the liquidity zone at $2,796.
2. Bearish Scenario:
o If price breaks below $2,764, further downside toward $2,751.5 (Fib TP2) or
the ascending channel support near $2,750 is likely.
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4. Key Takeaways:
• Short-Term Levels:
o Support: $2,764, $2,751.5, and $2,750.
o Resistance: $2,788, $2,790, and $2,796.
• Mid-Term Levels:
o Focus on how the price reacts at $2,764 and the ascending channel's
lower boundary for clearer direction.
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👉 Always follow TP/SL to protect your capital and maximize profits!
Stay tuned for updates once the confirmations are in place!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
📢Best Regards , Silver Wolf Traders Community
Disclaimer: This is for educational purposes only.
Always trade responsibly and manage your risk effectively
BTC W and D1 are still in a downward correction phase (82k)BTC W and D1 are still in a downward correction phase before starting a new W cycle.
Bitcoin is experiencing short-term upward movements on D1 and H4, followed by a gradual move toward the $77,000–$82,000 range within the next 1–2 weeks. This correction is essential for shifting from USDT to accumulating BTC and Altcoins.
If you believe Bitcoin will continue its upward move directly from the $97,000 mark, it might indicate a strategic misunderstanding.
Current Strategy:
1. Wait for the next correction phase:
Allow BTC to consolidate, and then start buying again as it begins its new W cycle. (Projected entry: around 4–5 weeks from now).
2. Focus on Altcoins with strong upward structures on W and M:
Buy Altcoins that are in strong uptrends, capitalize on short-term gains during this phase, and exit after the W correction completes to accumulate again.
3. Short-term trades on H4 and D1:
Target quick rotations in Altcoins to maximize fast, short-term profits while waiting for broader market alignment.
Adapting these strategies will help align with the market’s current behavior and ensure optimal returns.
Prepare to BUY Spot BELUSDT (High-Risk, High-Reward Setup)🚀 Prepare to BUY Spot BELUSDT (High-Risk, High-Reward Setup)
🌟 BELUSDT presents a speculative opportunity for short-term gains – Proper risk management is key! 🌟
🌍 Market Overview:
Risk Level: ⚠️ Level 5-6 (High-risk asset, requires proper capital management).
Short-term trading strategy with a targeted exit plan to maximize returns while minimizing downside exposure.
📊 Trade Plan:
📌 Entry Point:
$0.7, or as low as possible for optimal positioning.
🎯 Target:
$1.7 - $2.5 – Aiming for potential x2 - x3 returns in this short-term cycle.
⏳ Hold Time:
2 months, capitalizing on the expected momentum shift.
🔥 BELUSDT is a high-risk, high-reward play – Manage risk wisely and seize the opportunity!
EUR/USD continues follow sell Big trend shortThe fact that the USD continues to be strong creates significant pressure for currency pairs that go with the USD. With a long-term downtrend, the recovery of xxx.usd is just a stepping stone for the next sharp decline. I continue to follow the downtrend of EUR/USD
$US10YR - Potential Double Head & Shoulders Pattern Forming FPMARKETS:US10YR - Potential double head and shoulders pattern on the Daily Chart. This could align with Trump's lower rates initiative. We are seeing some weakness coming into employment data, seems like CPI and PPI are showing progress on inflation. The smaller Head & Shoulders pattern has a measured move to around 4.23% right at the 200 SMA (yellow) and the larger Head & Shoulders pattern measured move is 3.70%. This could take several months to play out since this is a daily chart. All eyes on this Friday's PCE and Non-farm payroll first week of February. I think we will have favorable PCE numbers YoY in February and March which could help the fed take their eyes off inflation and focus on jobs numbers, allowing them to cut. The market is pricing in 1.5 cuts this year. I think we will see 3-4 cuts.
Gold holds steady as investors eye Fed decisionGold prices were little changed on Wednesday as market participants awaited the U.S. interest rate verdict, while the spotlight was also on President Donald Trump's trade policies amid fresh tariff threats.
💡Key Market Influences:
Asian Bank Holiday (Lunar New Year): Liquidity will be significantly lower today, which may lead to a tighter price range in the Asian .
FOMC Data Release Tonight: The market will closely watch the statements from Fed Chairman Powell, as they could have a major impact on USD (DXY) and set the long-term direction for gold.
📊 Key Observations:
1. Support & Resistance Levels:
o Immediate Resistance:
$2,771–2,772 (Marked OB Zone): This is a supply zone or order block (OB) identified on the 1-hour chart, acting as a critical resistance level.
All-Time High Zone: The price is approaching a significant
resistance area near the $2,790 level, the all-time high.
o Support Levels:
$2,737 Level (Marked POI Level): This is an important demand zone
(Point of Interest or POI) where buying pressure previously occurred.
$2,710 Zone: Another significant support level where price saw a reversal,
reinforced by the proximity of the 200 EMA.
2. Order Block on 1-Hour (OB on 1H):
The $2,771–2,772 area is identified as a bearish order block. If the price fails to break
above this level, it could signal a rejection and potential downside movement.
o Demand Zone Near $2,737:
A key bullish order block where price bounced upward after
a CHoCH (Change of Character) confirmed bullish momentum.
3. Trend Analysis:
o Bullish Channel Formation:
Price is trading in an ascending channel, indicating a bullish trend.
Price is currently in the middle of the channel, suggesting more room for upside if
it can break the resistance zone.
o Higher Lows Formation:
Clear signs of higher lows confirm the bullish structure on this timeframe.
4. Exponential Moving Average (EMA): 200 EMA:
Positioned around $2,737, providing dynamic support.
The price bounced off this level, indicating strong bullish sentiment
as long as it stays above the EMA.
5. Change of Character (CHoCH):
o Bullish CHoCH:
The breakout above the previous structure low near $2,737
signals a shift from bearish to bullish momentum.
6. Volume Insights:
o Noticeable spikes in volume near the $2,737 support level,
suggesting increased buyer activity in this area.
Trading Insights:
1. Bullish Scenario:
o A clear breakout above $2,771–2,772 OB could lead to a continuation
toward the $2,790 all-time high.
o Maintain long positions as long as price stays above the 200 EMA
and the $2,737 support zone.
2. Bearish Scenario:
o Rejection at $2,771–2,772 may lead to a retracement toward
the $2,737 support level or the $2,710 zone.
o Watch for a break below $2,737, which could invalidate the bullish trend.
Key Levels to Watch:
• Resistance: $2,771–2,772 and $2,790
• Support: $2,737 and $2,710
• Critical EMA Level: 200 EMA at $2,737
⚠️ Next Steps:
• Monitor price action closely around the $2,771–2,772
OB zone for signs of a breakout or rejection.
• Use the ascending channel boundaries to plan entry and exit points.
• Keep an eye on volume spikes for confirmation of trend strength.
👉 Always follow TP/SL to protect your capital and maximize profits!
Stay tuned for updates once the confirmations are in place!
Please support me with your likes and comments to motivate me to share more
analysis with you and share your opinion about the possible trend of this chart
with me !
📢 Best Regards , Silver Wolf Traders Community
Disclaimer: This is for educational purposes only. Always trade responsibly and
manage your risk effectively
What Next In EURUSD
Key Levels:
1. Resistance Levels:
o The red supply zone above (around 1.04500) represents a key resistance area.
Price has rejected this level in the past, showing that sellers are active there.
o Another small resistance zone is identified near 1.04390 from previous candles.
2. Support Levels:
o The light blue demand zone below (1.04126) acts as a significant support area.
Buyers stepped in here previously, causing a rally.
o A second support level is near 1.04100, aligning with
the current price's point of interest (POI).
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Market Behavior:
1. Range-Bound Price Action:
o The note on the chart mentions that the price was in a range yesterday. This is evident as
price oscillates between the resistance zone (1.04500) and
the demand/support zone (1.04126).
o Breakout confirmation (upward or downward) is crucial for clarity on the next trend.
2. Current Price:
o The price is currently testing the demand zone (POI Level). If it holds, we may see a
bounce back toward resistance at 1.04500.
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💡 Technical Indicators:
1. Exponential Moving Average (EMA):
o The price is hovering near the blue EMA line, which is likely a 50-period EMA. This suggests
a mixed market sentiment where buyers and sellers are evenly matched.
o A strong price reaction above or below the EMA can indicate the next potential trend.
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📊 Supply and Demand Zones:
1. Supply Zone:
o The red supply zone at the top indicates strong selling pressure. Price will need strong
momentum to break through it.
2. Demand Zone:
o The light blue demand zone has seen active buyers before. It's a critical level for bulls to
maintain to avoid further downside.
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📊 Trading Plan:
1. For Buyers:
o Wait for a bullish reaction from the demand zone (1.04126) and a possible breakout above
the range (1.04500) to target higher levels.
o A bounce off the EMA would also signal bullish momentum.
2. For Sellers:
o Look for a rejection at the resistance zone (1.04500) or a confirmed break below the
demand zone at 1.04126 for shorting opportunities.
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⚠️Recommendation:
• Wait for Breakout:
o Avoid trading in the current range until a breakout occurs, as it is unclear if the price will
move higher or lower.
o Monitor for volume and candlestick patterns at key levels (rejections or breakouts).
This chart currently exhibits consolidation, requiring a patient approach for clarity on the
next directional move.
👉 Always follow TP/SL to protect your capital and maximize profits!
Stay tuned for updates once the confirmations are in place!
Please support me with your likes and comments to motivate me to share more
analysis with you and share your opinion about the possible trend of this chart
with me !
📢Best Regards , Silver Wolf Traders Community
Disclaimer: This is for educational purposes only.
Always trade responsibly and manage your risk effectively