danmalikiTHEBBI

A price channel is a signal where prices move between two parallel lines on the trading chart. A price channel can be ascending or descending, depending on the direction of the trend. It is ascending within an upward trend and descending within a downward one.
This signal is similar to a trend line as it shows the price movement direction. The price channel also helps traders identify the range where the price moves up and down. When the price breaks out of this channel, it might significantly change the market direction.
How price channels work

The lines of ascending and descending channels represent the highest and lowest points the price repeatedly hits. Essentially, they are the same as support and resistance levels but with an incline.
The more times the price touches these lines, and the longer these lines extend, the more traders will notice and trust this price channel.
Price channels represent a period of relative calmness in the market, often forming after a phase of sharp price movements. It is easier to trade within them, given the increased clarity about the direction of future movements.
However, price channels usually end with a sharp breakout in the opposite direction of the previous trend.
Identifying price channels

To correctly identify a price channel, you must connect at least two points on each side of a trading chart, creating two parallel lines.
Start by finding two points on each side of a chart. These points are usually located where a price has reversed or changed direction.Draw two parallel lines connecting these points to form your price channel.
After you’ve managed to identify the price channel, there are three possible scenarios of the price behaviour.
If the price bounces off the channel's boundaries, it will likely move away from the edge towards the opposite boundary.If the price breaks through the channel in the same direction as the channel's trend, there's a chance it might return to the same price channel.A price breakout in the opposite direction indicates the end of this price channel and serves as a signal to enter a trade in the direction of the breakout.
Trading examples
Price channel rebound
Open a Sell order after the price rebounds from the upper border of an ascending or a descending channel.Open a Buy order if the price rebounds from the lower border of an ascending or a descending channel.Place Stop Loss at a level equal to half the channel's initial height to limit potential losses.Calculate your position size, ensuring the Stop Loss is no more than 5% of your total deposit.Set the Take Profit at a level twice bigger than Stop Loss.
Price channel breakout

Open a Sell order once the price drops below the ascending channel's lower border. This action is based on the expectation that the ascending channel is broken.Open a Buy order once the price rises above the descending channel’s upper border. This action is based on the expectation that the descending channel is broken.Place Stop Loss at a level equal to half the channel's initial height to limit potential losses.Calculate your position size, ensuring the Stop Loss is no more than 5% of your total deposit.Place Take Profit at a level that exceeds Stop Loss three times. This allows you to profit more if the trend continues moving downwards in an ascending channel or upwards in a descending channel.
Leveraged trading involves risk. This content is not investment advice. Trade responsibly.$EUR

The Double Top pattern is a widely recognised chart pattern for identifying trend reversals. The Double Bottom pattern is the bearish version of it and is used for the same purposes.
Additionally, the Triple Top and Triple Bottom patterns enhance this concept by providing stronger reversal signals, showing the price attempting and failing to break through a level three times before finally reversing its direction.
These patterns are a good base for comprehensive and sustainable trading strategies.
How Double Top and Double Bottom work

These patterns are grounded in market psychology and supply-demand dynamics. A Double or Triple Top indicates that the price tried to break through a certain level twice or three times but failed, suggesting the lack of buying pressure to push the trend further up. This lack of buying pressure leads to a trend reversal as sellers take control.
Conversely, a Double or Triple Bottom shows that the price couldn't break a lower level twice or three times, indicating insufficient selling pressure to continue the downtrend. So, an uptrend may start.
Identifying Double Top and Double Bottom

Look for the Double Top pattern at the peak of a bullish trend. The pattern looks like two almost equal-sized peaks forming an M-shaped figure. The pattern has a middle line called the Neckline, and when the price breaks out from this level, it starts falling.
Search for the Double Bottom pattern at the bottom of a bearish trend. The pattern resembles two almost equal-sized troughs forming a W-shaped figure. The pattern has a middle line called the Neckline, and when the price breaks out from this level, it starts rising.
The same rules apply to Triple Top and Triple Bottom. The difference is only in the amount of peaks–three up and three down.
Trading examples
Double or Triple Top
If you spot a Double/Triple Top, wait for the price to drop below the Neckline—this may indicate a Sellsignal.Place your Sell order close to the Neckline and anticipate a pullback after the breakout, as prices typically return to the Neckline.
Set your Stop Loss above the maximum level of the Right Top.Ensure your Stop Loss is less than 5% of your total deposit to calculate how much you should invest in this position.Your minimum profit target should equal the distance from the Top to the Neckline. Set Take Profit at this level.Double or Triple BottomIf you identify a Double/Triple Bottom, wait for the price to rise above the Neckline for a possible Buy signal.Place your Buy order close to the Neckline, expecting a pullback to this level after the breakout, as prices typically return to the Neckline.Set your Stop Loss below the minimum level of the Right Bottom.Ensure your Stop Loss is less than 5% of your total deposit to calculate how much you should invest in this position.The potential minimal profit is the distance from the Bottom to the Neckline. Set Take Profit at this level.Leveraged trading involves risk. This content is not investment advice. Trade responsibly. $XAU #PCEMarketWatch

intraday look for 5055.
Our preference
Short positions below 5135 with targets at 5055 & 5015 in extension.
5,185.000 Resistance ...
5,155.000 Resistance ••
5,135.000 Resistance •
5,088.000 Last
5,135.000 Pivot
5,055.000 Support •
5,015.000 Support ••
4,980.000 Support ...

Comment
A break below 5055 would trigger a drop towards 5015.
Alternative scenario
Above 5135 look for further upside with 5155 & 5185 as targets.

Current trend

INTRADAY

SHORT TERM📈

previously →📉

MEDIUM TERM◽️
#IranianPresident'sSonSaysNewSupremeLeaderSafe #BinanceTGEUP #TrumpSaysIranWarWillEndVerySoon #TrumpSaysIranWarWillEndVerySoon #Web4theNextBigThing?

A Hammer (also called a Pin Bar) is a type of candlestick pattern with a long tail (shadow) and a short body.
Hammer strongly signals a trend or impulse reversal. You can create powerful reversal strategies using this pattern.
How Hammer works
The Hammer signals that a reversal in price direction is more likely than a breakout.
This pattern typically consists of three parts:
The long shadow indicates the price moved significantly (either up or down) but then returned near its starting point. This happens when traders push the price in one direction, but opposing orders create enough pressure to reverse it.The short shadow is called the 'Nose'. It shows where the price briefly moved but didn't stay.The small body of the candlestick indicates there wasn't much price change by the end of the period.
The sharp price movement followed by a return is a sign of rejection of that price level. The Hammer pattern is especially meaningful at support or resistance levels, where price often gets rejected.
How to identify the Hammer pattern
A bullish Hammer has a long lower shadow.A bearish Hammer has a long upper shadow.The shadow should be at least three-quarters of the candlestick's length.The body is small or absent, showing that the opening and closing prices are nearly the same.
How to use the Hammer while trading
You can use the Hammer in these strategies:
When located on support or resistance, it signals a trend reversal.When located on a trend line, Hammer suggests continuation or the end of a pullback.When located on a Fibonacci level, it signals that the price will rebound from it.
Make sure to follow this rule in all cases:
A free space, without other candlesticks or candlestick shadows to the left of a Hammer, turns it into an extremum. Do not use Hammer as a part of your strategy inside a flat market.
Trading examples
Bullish Hammer
Open a chart and define the current support level. Ensure the price touches this level at least twicebefore you call it a support level.Wait for the next touch and check for a bullish Hammer candlestick pattern.Open a Buy order when the bullish Hammer candlestick finishes forming.Place your stop loss below the lower Hammer shadow.Ensure your stop loss is no more than 5% of your total deposit.Set your take profit at a level at least three times higher than stop loss.
Bearish Hammer

Open a chart and define the current resistance level. Ensure the price touches this level at least twicebefore you call it a resistance.Wait for the next touch and check for a bearish Hammer candlestick pattern.Open a Sell order when the bullish Hammer candlestick finishes forming.Place your stop loss above the upper Hammer shadow.Ensure the stop loss is no more than 5% of your total deposit.Set your take profit at a level at least three times higher than stop loss.
Leveraged trading involves risk. This content is not investment advice. Trade responsibly.
#danmalikiTHEBBI #hammer #BinanceTGEUP

General outlook
BTCUSD has been trading in a sideways market within the last day.
Now, the support level is located at 60,000.00.
Resistance levels are now located at 72,960.00 and 87,300.00.
Analysts recommend opening a Sell order with a stop loss above the previous high.
The upcoming news will not influence your orders within the mentioned period.
We will publish our next post on support and resistance levels at 4:00 a.m. UTC tomorrow. Come back to discover more trading insights.
analysis explanation of support and resistance levels
Share your thoughts in the comments section if it's available for you.

$BTC

Hello, fellow traders, DanmalikiThebbi here.
Today I’m keeping my promise from yesterday and sharing a personal story — one that still stings but taught me more than any winning trade ever could. If you got badly burned in the recent gold or silver mega-moves, this might help you see things a bit clearer.

I’ve been trading for over 20 years now. You know I always preach strict discipline, responsibility, and waiting only for high-probability, well-defined setups📊 Yet even I managed to blow up roughly half my trading account back in 2013 on one single name: Tesla.
Tesla was the absolute hottest “in-play” stock that year. When something becomes the market’s obsession — hedge funds piling in, institutions rotating hard, endless headlines — liquidity explodes, moves get bigger, and setups are cleaner than ever ✅ I already had several solid years of experience, so I wasn’t some rookie chasing hype. But the psychology hit me hard.
Tesla kept ripping higher 📈 📈 , way beyond any reasonable fundamental valuation. So I started shorting it — using my tested, normally profitable setups. The math should have been on my side long-term… except the market didn’t care. I lost trade after trade. Instead of walking away, I doubled down — increased size, told myself “this statistical outlier will end soon,” convinced I just had to stay disciplined until the reversion came. I needed to prove I was right. 💡 Classic ego trap.
The losses piled up until I didn’t just lose money — I lost confidence in my own edge, in the setups that had fed me for years. That was the real damage.
What I should have done was simple: walk away. When the market keeps punishing the same side repeatedly, no matter how “right” your analysis looks on paper, it’s screaming that you’re in the wrong place at the wrong time.
The hardest but most important lesson I took from that drawdown: Even when you’re disciplined, even when you follow your rules, if something doesn’t work over and over — ❌ stop. Protect what’s left. One of my favorite trading tenets sums it up perfectly: “Live to play another day.”
If this resonates after the recent metals madness, take it to heart. Sometimes the best trade is no trade at all.
Stay disciplined — and stay humble.
And don't forget to follow for more!
Sincerely yours, danmalikiTHEBBI.

Three White Soldiers and Three Black Crows

The Three White Soldiers or Three Black Crows candlestick pattern indicates a trend reversal. It consists of three consecutive long-bodied candlesticks moving in the same direction, typically following an opposite trend.
The pattern is called the Three White Soldiers if the three candlesticks are bullish. If the candlesticks are bearish, the pattern is known as the Three Black Crows. Essentially, they are the same pattern but in opposite directions.

How Three White Soldiers and Three Black Crows work
This pattern often appears when an existing trend seems to continue. However, the appearance of these three consecutive candlesticks in the opposite direction signals a probable change in trading behaviour and sentiment.
The pattern offers an opportunity to enter the market at the onset of a new trend, offering a potential benefit from its early formation phase.

Identifying Three White Soldiers and Three Black Crows
To identify the Three White Soldiers or Three Black Crows candlestick pattern, you must first note a strong preceding opposite trend.
For the Three White Soldiers, spot three consecutive long-bodied candlesticks, marking a bullish reversal after a downtrend.
For the Three Black Crows, find three consecutive long-bodied candlesticks, signalling a bearish reversal after an uptrend.
Trading examples
Three White Soldiers
Initiate a Buy order at the closing price of the third candlestick in the Three White Soldiers formation.Set a Stop Loss at the pattern's lowest point to limit potential losses.Ensure the Stop Loss is within 5% of your total deposit size when determining position volume.Position your Take Profit at a level that is 1.5 times greater than your Stop Loss, aiming for higher gains if the upward trend persists.
Three Black Crows

Initiate a Sell order at the closing price of the third candle in the Three Black Crows formation.Set a Stop Loss at the pattern's highest point to limit potential losses.Ensure the Stop Loss is within 5% of your total deposit size when determining position volume.Position your Take Profit at a level that is 1.5 times greater than your Stop Loss, aiming for higher gains if the downward trend continues.
Leveraged trading involves risk. This content is not investment advice. Trade responsibly.$EUR