Analytics

#XAGUSD #SILVER 1HR CHART Price has broken below the lower trendline of the channel and has now retraced back to the lower trendline boundary, where it is currently trading. If price re-enters the channel, expect a bounce toward the midline, which should act as intermediate resistance. Conversely, if price fails to reclaim the lower trendline and trades below it, further decline is likely.

#CRUDEOIL 1HR CHART Price has broken above the upper trendline-which was the major resistance of the channel. The previous resistance now acts as support. From this point, due to the breakout above the upper trendline, the measured target has come into play. As we can see, the price touched the upper trendline and bounced higher, confirming the support. However, if volume starts to decline as the price rises, the move may reverse before hitting the measured target. Furthermore, if the price closes back inside the channel, it indicates a "bull trap" or false breakout. This occurs when institutional sellers use the liquidity provided by breakout buyers to exit large positions.

#US30 #DOWJONES 4HR CHART After a breakout above the channel, the upper trendline, which previously acted as resistance, has now turned into support. The next move depends on this support level: If the price holds above the upper trendline, the breakout is likely to sustain, and further upside can be expected. If the price fails to hold and falls back inside the channel, it may indicate a fake breakout, with the price potentially declining toward the midline of the channel.

#USTECH100 1HR CHART After a breakout above the channel, the upper trendline, which previously acted as resistance, has now turned into support. The next move depends on this support level: If the price holds above the upper trendline, the breakout is likely to sustain, and further upside can be expected. If the price fails to hold and falls back inside the channel, it may indicate a fake breakout, with the price potentially declining toward the midline of the channel.

#Nifty50 1HR CHART The price has been trading within a descending channel pattern. As I mentioned in my previous post, the lower trendline of the channel is acting as a major support level--and it has held perfectly. As soon as price touched the lower trendline, it bounced higher and is now moving toward the midline of the channel. The downtrendline is also continuing to cap the price, keeping it within the overall downtrend. The next intermediate upside resistance levels are therefore the downtrendline and the midline of the channel. Everything depends on how price reacts at these levels. If the price successfully clears both the midline of the channel and the downtrendline, the next movement would be toward the upper trendline of the channel. If price is rejected from these resistance levels, it is likely to head back toward the lower trendline. #Nifty #NIftyfifty #sensex #sharemarket #stockmarket #investing

#Nikkei225 #JP225 4HR CHART After hitting the upper trendline, which was acting as a resistance level (as mentioned in my last post), the price got rejected from there and fell all the way down to the midline of the channel. Now, the midline of the channel will act as an intermediate support. If this level gets broken, the price can potentially drop all the way to the lower trendline. However, if the price holds at the midline support, it may bounce back toward the upper trendline again.

#GOLD #XAUUSD 1HR CHART As mentioned in my previous post, the upper trendline continues to act as resistance. The price was rejected from it and has now fallen back to the midline of the channel. The price has also broken below the rising trendline and retested it from below. The midline is now acting as an intermediate support. If the price breaks below the midline, it is likely to head toward the lower trendline. If it holds above the midline, it may retest the upper trendline.