Candlestick Analysis

Sellers Jumpin In !!!So looking at P.A we can see that things are stating to change a bit i.e all that buying has finally slowed. Seller are slowly finding the footing in the rough market. With Monday's manipulation of previous weeks high on nas I'm thinking this week could be a classic sell week allowing for futher sell into more discounted prices. Now where you see my position entry is not necessarily where I will enter nor is this to be where my stops will be. Will be monitoring further for structural confirmation. Leave a msg if you would like later updates.

XMR at macro floor: bullish reversal toward $360 The Macro Picture 🗺️ XMR has just printed its third defense of the macro floor in five months — and the structural fingerprints underneath are not the same. February's $285 wick came with RSI parked at 25, the early-June $300 flush printed RSI 35, and the late-June reaction at $290 held with RSI in the 40s. Each successive test has reached comparable price territory but with progressively shallower momentum exhaustion — a textbook bullish divergence pattern that signals sellers are running out of fresh supply at the floor. The broadening formation that defined the May–June chop is now compressing into a base, and the path of least resistance is starting to favor mean reversion back into the upper half of the range. The Setup ⚙️ The Defense: The $285–$300 macro floor zone has now absorbed three separate liquidity hunts since January, with each test triggering a sharper recovery wick. This is the kind of triple-tag base where structural buyers reload after the over-leveraged side has been fully washed out. The Divergence: RSI carved a higher low on the late-June flush despite price retesting comparable territory — the cleanest bullish divergence print of the cycle. Momentum is no longer confirming the downside, and the moving average has flattened beneath the 50 mid-line, the kind of basing signature that precedes structural reversals rather than continuations. The Trigger: The $310 prior box floor sits as the immediate breakout shelf to clear. Bears are defending this level on every push, but trapping them above it would trigger buy stops layered into the $360 prior breakout shelf — the first meaningful overhead structural target. The Roadmap: Primary target sits at $360 — the prior breakout shelf where bears have defended every bounce since the May rejection and the natural mean-reversion destination from the macro floor zone. Invalidation: a sustained 1D close below $285 would invalidate this bullish thesis and confirm the macro floor is breaking, opening the trapdoor toward the $250s.

TON: local squeeze tightens at the pivot The Macro Picture 🗺️ The pivot retest flagged yesterday has not yet fired a directional move, but the structure between the failed recovery overhead and the $1.534 floor has continued to coil. The daily candles have compressed into a tightening band between roughly $1.55 and $1.65, momentum has flattened entirely with RSI pinned in the low-40s, and the moving average has rolled into price. This is the structural signature of a local squeeze building behind the next move. Neither bulls nor bears are willing to set the bid, but neither side is surrendering either, and the break out of this coil is now the path of least resistance for the next leg. The Setup ⚙️ The Compression: Two weeks of two-sided rotation have tightened into a four-candle coil at the lower edge of the prior range. Each push higher fails earlier than the last, and each test of the pivot prints a narrower range. The structure is winding rather than breaking, the kind of behaviour that precedes a directional move rather than a continuation drift. The Pivot: The $1.534 line still anchors the entire decision. As long as price holds above the pivot, the prior structural memory remains active and the sweep-then-bounce scenario stays the base case. A clean loss of $1.534 opens the macro floor at $1.20 with no intermediate support to absorb the move. The Reaction: RSI sits at the low-40s without curling either direction, and the volume profile has thinned visibly into the compression. This is the signature of pent-up energy rather than directional bias. The next session that prints a wide-range candle in either direction will likely be the trigger. The Roadmap: Primary scenario from the coil — a sweep wick into the $1.45–$1.50 pocket that holds the pivot opens a renewed attempt toward $1.80–$1.85, as indicated by the white projection. Invalidation: a sustained 1D close below $1.534 would invalidate this squeeze thesis and reopen the path toward the $1.20 macro floor as the next magnet.

APEUSD compression base: targeting $0.22 The Macro Picture 🗺️ ApeCoin has spent the past four weeks coiling in a tightening range between the $0.115 June floor test and the $0.145 compression ceiling, building a quiet base directly above the macro accumulation zone that defined the entire post-spike thesis. Surface-level the chart looks unchanged from the June 20 read, but momentum has been rotating beneath the price — the RSI moving average has lifted from the low-40s back through the 50 midline, and every approach to the floor has been absorbed with progressively less downside follow-through. This is the patient phase of the multi-leg structural reset, where time replaces motion and supply quietly bleeds out at each lower high. The Setup ⚙️ The Floor: The $0.115 June wick low remains the deepest test of the macro accumulation since the May spike, and every daily close above the $0.10 structural invalidation since then has compounded the conviction that the base is being held by sidelined demand rather than tested by trapped longs. The Compression: Four weeks of grind between $0.115 and $0.145 has carved a tight post-floor coil, with each candle closing inside the prior range while RSI rotates higher — the classic volatility compression that precedes a structural release rather than a continuation lower. The Trigger: A clean reclaim of the $0.16 Local High flips the post-spike ceiling into support and confirms the four-week compression has resolved upward, opening the path of least resistance into the macro shelf above. The Roadmap: Primary target sits at $0.22 — the roadmap points directly into structural resistance once $0.16 is reclaimed, with no defensive footing for bears across the corridor between the trigger and the target. Invalidation: a sustained daily close back below $0.10 would invalidate this bullish framework and signal the macro accumulation base has structurally failed, exposing the macro floor at $0.08.

AAVE: local squeeze with $87 destination The Macro Picture 🗺️ The June 15 continuation thesis remains intact — $58 invalidation untouched, $87 macro target untouched, but the impulsive expansion that lifted price from $58 to $78 has cooled into a tight nine-session range between the reclaimed $68 support and the $78 local ceiling. The lower edge is being defended on every dip, the upper edge is rejecting on every test — a textbook local squeeze inside the broader bullish structure. RSI hovers near the 50 midline, neither confirming nor denying either side. The compression is doing what compressions do: building energy for the resolution. The Setup ⚙️ The Range Play: The $68–$78 box has held for nine sessions with both edges respected — a tightening consolidation that defines the entire structural picture until one edge resolves. The Squeeze: Higher lows inside the range against an unchanged ceiling are the signature of buyers quietly absorbing supply at $78 — the kind of internal asymmetry that typically resolves in the direction of the underlying trend rather than against it. The Trigger: A daily close above $78 is the mechanical breakout signal — clearing the ceiling on a sustained close opens an unobstructed runway to the $87 flipped macro level with no intermediate resistance to slow the move. The Roadmap: Primary target sits at $87 — the structural draw that has defined this entire chart since February, where the first contact from below will decide whether the broken structure can be reclaimed. Invalidation: a sustained 1D close below $58 would invalidate the entire bullish thesis and reopen the path toward the $50 macro extension.

FCH tight price compression a precursor to a 150p breakout?The price has started to curl upwards since the start of May and a couple of things are grabbing my attention. The rising lows are the first signal worth noting, and 150p looks like the key resistance point standing in the way. Friday’s price action was particularly tight, with a small rejection wick to the downside on volume that matched the much wider ranging candle from the day before. That is the kind of anomaly that suggests price compression rather than weakness. Overall this is starting to feel like it is coiling for a move higher. 160p is the next level to watch, but for the reward to genuinely justify the risk here I would be looking towards 176p. Price target: 175p Potential reward: 18%

by Stockso_Simple

SOL – Bearish Double Top at 75, Eyes on 61 Breakdown SOL has carved out a clean double top and is now pressing directly into the neckline at 67.25, where the breakdown is set to begin. Why This Level Matters: The rally stalled twice at the 75 supply zone, leaving a clear double top in place. Price has already filled the weekend gap and is now sitting on the 67.25 neckline. Lose this level and the structure flips bearish. Gameplan / Primary Scenario: We sell the break of 67.25 and target the 61 demand zone below. A clean close beneath the neckline confirms the breakdown and opens the door for continuation lower toward 60.97. Until that break prints, we stay patient and let price tip its hand. If this added value, boost it forward. What are your thoughts? Swallow Academy

by SwallowAcademy

JUPUSDT: bullish extension toward $0.235 The Macro Picture 🗺️ The post-reclaim squeeze has resolved — and resolved exactly as the bullish branch mapped. Price broke through the $0.200 wall, cleared the $0.205 ceiling, and just tagged the $0.220 target on a clean four-session run. That is the second consecutive bullish target hit in this series, with the entire move tracing back to the macro floor sweep at $0.144 on June 10. The structure has finished its rebuild phase: $0.200 has flipped from the most-tested resistance on the chart into structural support, the prior stall floor at $0.190 is now well below price, and the next test sits at the lower edge of the May overhead supply zone. The Setup ⚙️ The Flipped Wall: $0.200 capped four months of attempts before finally breaking — and price has now spent multiple sessions trading well above it without a single dip back into the level. The wall has become the floor, and the post-spike compression range below it has been retired. The Reaction: RSI has lifted from the midline back into the upper 50s without printing overbought. Eight days of recovery, two targets hit, and the indicator still has room to extend — the kind of slow, structural momentum that tends to carry through to the next supply test rather than fade beforehand. The Continuation Path: The territory between $0.220 and $0.235 is unwalked since the immediate post-spike unwind in mid-May. Bulls have a clear runway through that pocket with no intermediate horizontal blocks — the next real test is the supply shelf at $0.235 itself. The Roadmap: Primary target sits at $0.235 — the lower edge of the May overhead supply zone, where the original distribution shelf demands to be retested. Invalidation: a sustained 1D close back below $0.200 would invalidate the continuation thesis, signal that the flipped wall has failed to hold as support, and reopen the deeper retest toward the $0.165 reclaimed floor.

BLUAIUSDT base breakout: targeting $0.01800 supply The Macro Picture 🗺️ BLUAI's higher-low base has resolved exactly as the structure promised. Five sessions of constructive build above $0.01250 culminated in a clean closing break of the $0.01500 trigger, with the prior level immediately flipping into support on the first retest. This is the structural payoff phase of the entire arc since the June 11 sweep: every prior leg was defined by trapped participants on one side or the other, but this leg is being built on validated demand, absorbed supply, and progressively higher closes. Price now sits inside the same supply zone that defined the May lower-high rejections — and the path of least resistance points directly into the $0.01800 post-breakout body high, the level where the June 6 trapped buyers still rest overhead. The Setup ⚙️ The Pivot: The $0.01250 higher-low pivot absorbed every test through the base-building phase without producing a single closing breach — that level has now been validated as the structural floor of this entire micro-trend, with sell stops parked beneath it left untouched. The Trigger: The $0.01500 trigger fired with a clean 1D close, and the immediate retest from above held without ceremony — this is the support flip behavior that distinguishes a genuine breakout from a false start, and it confirms the base as a launchpad rather than a ceiling. The Reclaim: As indicated by the white projection, the path between current price and the $0.01800 target runs directly through the $0.01700 broken macro ceiling — the same level that defined the May structural peak and capped the June 6 breakout attempt. A clean reclaim there clears the last meaningful overhead reference before the supply zone proper. The Roadmap: Primary target sits at $0.01800 — the post-breakout body high where the trapped buyers from the June 6 vertical thrust still rest, and the cleanest unfilled liquidity pocket between current price and the $0.02300 failed-breakout peak. Invalidation: a clean 1D close back below $0.01250 would invalidate this base-breakout thesis and re-arm the bearish path toward the $0.00900 demand pocket.

XAU/USD | Bulls Defend Key Demand Zone! Is $4300 The Next Target By analyzing the #Gold chart on the 4H timeframe, we can see that after our previous update, Gold once again respected the key demand area perfectly. After dipping toward the $4122 region, buyers stepped in aggressively and pushed price all the way up to $4221, delivering nearly a 1000-pip recovery. Currently, Gold is trading around the $4200 region and momentum has slowed noticeably. Price action has become relatively quiet and the market lacks strong directional conviction. Personally, I don't like overly calm markets because periods of low volatility can often lead to unexpected manipulation and false moves. For now, patience remains the best approach and it may be wise to wait and see if volatility returns over the next sessions. From a structural perspective, the nearest demand zones are located around $4170 – $4190, followed by a stronger support cluster between $4120 – $4145. On the upside, the closest supply zones are located around $4220 – $4250, followed by a stronger resistance area between $4280 – $4310. Despite the recent lack of momentum, my broader medium-term outlook remains bullish. In my view, Gold still has the potential to continue higher and challenge the $4300 region in the near future if buyers continue defending higher lows. This analysis will be updated as the market evolves. 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 , Arman Shaban

by ArmanShabanTrading

Short trade 🔴 6A1! AUD Futures — Sellside Continuation Into External Liquidity Pair: 6A1! Australian Dollar Futures Timeframe: 1H Direction: 🔴 Sellside Session: London AM Entry: 0.69265 Stop Loss: 0.69400 Target: 0.68555 R:R: 5.26 🧠 Idea AUD Futures has broken down from a broader internal range and is now delivering into lower sellside liquidity. Price failed to hold above the previous support shelf, broke beneath the equal-low region, and is now trading toward the lower bullish order block / external liquidity zone. The short idea is based on bearish continuation after structure failure. 🧭 Bias 🔴 Bearish while price remains below 0.69400 The sellside route remains valid as long as the price does not reclaim the failed support/breaker area. 🔍 Thesis 🔹 Price created a larger range after the April expansion. 🔹 The May high around 0.72540 marked the upper range extreme. 🔹 Since then, the price has formed lower highs and broken internal supports. 🔹 The breakdown below 0.69529 / 0.69400 confirms bearish pressure. 🔹 Price is now attacking external liquidity around 0.69045 / 0.68900. 🔹 The next major target is the lower bullish OB near 0.68555.

by davidjulien369

AAPL | June 24 | Liquidity & Confluence In today's review of Apple (AAPL), I walk through my top-down analysis process to identify key areas of interest and better understand the story price is telling. Starting from the higher timeframes, I establish market context and identify important levels that may influence future price movement. From there, I work down into the intraday structure to refine potential trade locations and evaluate how price is reacting around those areas. The focus of this review is using liquidity, confluence, and price action to build an objective trade thesis. Rather than relying on a single indicator or prediction, I combine multiple factors to determine where price may be seeking liquidity and where meaningful reactions are most likely to occur. Key topics covered: • Higher-timeframe market context • Key support and resistance levels • Liquidity zones and potential sweeps • Areas of confluence across multiple timeframes • Using price action to evaluate directional bias • Building a trade plan through structure and context clues The goal is not to predict where price will go next, but to build a framework for understanding market behavior and making more informed trading decisions. As always, the focus remains on confirmation over prediction.

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by davekclinton76

GBPCAD 4H CLOSE SELL ENTRY SIGNAL GBPCAD is currently trading at the major structure equal high and it fails to break above that high for the third time. In addition to that we have a 4H internal structure break which shows that sellers are gaining momentum ENTRY = 4HR candle close SL = 1.88022 TP = 1.81421

by ForexPotatoe

Nifty Analysis EOD – June 24, 2026 – Wednesday 🟢 Nifty Analysis EOD – June 24, 2026 – Wednesday 🔴 Calm Climb, Quiet Surprise: Bulls Reclaim Ground and Close Above 24K 🗞 Nifty Summary Nifty started flat and found initial support at the 23,790 zone. Within a few minutes, it tested the 23,890 resistance zone and gave an 85-point sharp retracement. From there, a sharp recovery followed — and then something quieter but equally impressive: a slow, steady upward move that took Nifty all the way to 24,075. What made today interesting was how it got there. 23,890, IBH, 23,970, 24,000 — all these levels broke one by one, calmly, almost without making noise. No wide candles, no momentum bursts. The 1-min candle ranges were small all day, yet the index just kept moving up. It also tested the Previous Day Open Price along the way. After tagging 24,075, Nifty spent nearly an hour consolidating around 24,045 in a tight 20–30 point range before ending the day at 24,013.15 on an intraday basis, with the final close at 24,021.65. Today’s price action was genuinely unexpected. Yesterday we saw a sharp fall with wide-range 1-min candles and clear momentum. Today had none of that — and yet, on a closing basis, bulls quietly recovered almost 70–75% of yesterday’s fall. Most of us, myself included, thought 23,970 ~ 24,000 wouldn’t be crossed today. The market didn’t prove us wrong by blasting through — it just closed above 24K, which said enough. Today’s range came in at exactly 300 points, placing it in the range expansion / trending day category. The daily candle structure reflects that quiet but real bullish effort. For the next session, bulls need to take on the 24,125 ~ 24,170 zone — that’s where bear defence is still active. After two back-to-back wide-range days, the upcoming session might lean range-bound within the two-day range of 24,125 ~ 23,790. Worth keeping in mind that tomorrow is also the last session before the long weekend. 🛡 5 Min Intraday Chart with Levels 📉 Daily Time Frame Chart with Intraday Levels 🕯 Daily Candle Breakdown Open: 23,795.80 High: 24,090.05 Low: 23,789.25 Close: 24,021.65 Change: +197.55 (+0.83%) 🏗️ Structure Breakdown Type: Bullish candle — quiet, steady grind with a long upper wick Range: ≈ 301 points — high volatility Body: ≈ 226 points — reflects sustained buyer presence across the session Upper Wick: ≈ 68 points — some supply visible near the day’s high, sellers pushed back at 24,075+ Lower Wick: ≈ 7 points — almost no selling at the open; buyers stepped in almost immediately 🛡 5 Min Intraday Chart ⚔️ Gladiator Strategy Update ATR: 266.07 IB Range: 115.10 → Medium Market Structure: Balanced Trade Highlights: 10:10 Long Trade: Target Hit (R:R 1:1.69) 11:19 Short Trade: SL Hit 12:09 Short Trade: SL Hit Trade Summary: The long trade in the morning read the move well and delivered. The two short trades after that didn’t work — the index just didn’t give the bears what they needed, and both stopped out. Days like this are a reminder that price action can look one way and move another. The system did its job; the results were mixed, and that’s fine. 🧱 Support & Resistance Levels Resistance Zones: 24,045 ~ 24,075 | 24,125 | 24,170 Support Zones: 23,900 | 23,855 | 23,790 | 23,650 ~ 23,620 🧠 Final Thoughts “The quietest moves often carry the most weight — the market doesn’t need to shout to make a point.” Today was one of those sessions where the price action looked weak on the surface but the result spoke differently. Small candles, low momentum — and yet Nifty closed above 24K and recovered most of yesterday’s fall. That gap between appearance and outcome is worth sitting with. For tomorrow, the 24,125 ~ 24,170 zone is the one to watch. If bulls can push into that zone with some follow-through, the picture changes. If the index stalls here and starts drifting back below 24,000, it might just be a two-day range situation playing out before the long weekend. Two SL hits today after a solid long — net day was okay, not great. Going into tomorrow’s pre-holiday session with a bit more patience, especially since range-bound conditions could mean a lot of whipsaw. Will let the levels speak first before committing. ✏️ Disclaimer This is my personal digital diary and represents my own analysis and point of view. It is not financial advice; please consult a professional advisor before making any trading decisions.

CRUDE OIL (WTI): Another BoS WTI Crude Oil violated another daily support, closing below 73.46 level. The next strong support is 70.5 With a high probability, it will be reached soon. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

by VasilyTrader

USDCAD AND GBPUSD IN PROFIT|Is EURJPY NEXT?|Forex Weekly Hey Traders; On Gbpusd we have seen a very sharp sell off since last week and we could expect that momentum to continue especially now that we have seen the retest of the key level on the daily timeframe And on Eurjpy we could be looking for a potential short today since we saw the 4hr break and close below 183.750

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Satoshi Frame | JST Consolidation Box ,Breakout or Fakeout?🔥 Welcome to SatoshiFrame — let's dive into today's JST analysis. ☕️ After the recent sell-off, JST on the 4H chart has formed a consolidation box. Price has successfully built a multi-timeframe trading range just below the top of this box. ✅ Bullish Scenario If buyers manage to break above the box ceiling at $0.08429, price can continue moving toward the next resistance levels. 🧑‍💻 A confirmed breakout above this 4H resistance could push price toward the daily resistance at $0.09047. The next level beyond that is the purple resistance at $0.09736. 📊 RSI at 57.77, showing steady bullish momentum. Bollinger Bands squeezing near the box ceiling — a breakout could be loading. Let the breakout confirm before entering. Patience wins. 🤝 Not financial advice. Trade safe.

by satoshiframee

Satoshi Frame | Bitcoin analysis day 5 🔥 Welcome to SatoshiFrame ,Let's dive into today's Bitcoin analysis. 👑 Two bearish waves are playing out on this chart and the difference between them tells an important story. ⚡️ Wave 1 came in slow and steady, lower selling volume, more candles, less urgency. Wave 2 (the current move) is a different beast entirely, fewer candles, accelerating momentum, and significantly higher selling volume. The bears are picking up speed. 🐻 Bearish Scenario: If sellers manage to break and close below $62,106 to $62,200, expect continuation toward the next support levels at $61,498 and $61,114. 🟢 Bullish Scenario: If buyers defend this zone and push back, the key level to reclaim is $63,930. A confirmed breakout above it opens the door to $65,604 and $66,118. 📊 RSI sitting at ~46, recovering from oversold territory. Watch this zone closely. The second wave is faster, heavier, and more aggressive. Let the market show its hand before committing. 🤝 Not financial advice. Trade safe. ⚠️ Risk management and capital management are essential in trading. Always trade based on your own strategy and risk tolerance. Every trading decision and its outcome are entirely your own responsibility.

by satoshiframee

ENOG is the sharp stopping volume wick a major turnaround sign?A fairly clean sign of stopping volume here. The price made a new low for the day but snapped back, leaving a clear rejection wick. Couple that with strong and rising volume and it starts to look like buyers are taking a renewed interest at this level. Worth noting the volume profile on the right hand side too, with volume actually increasing as the price has fallen, which is exactly the kind of anomaly worth paying attention to. Possible turnaround in play here. Let’s see how this one develops.

by Stockso_Simple

USD/JPY(20260624)Today's Analysis Market News: Deutsche Bank research analyst Michael Hsueh stated in a report that "the Fed's repricing, coupled with strong US macroeconomic data, is the main reason for the decline in gold prices." The bank has lowered its third-quarter gold price forecast to $4,300 per ounce, a reduction of more than one-fifth from its previous forecast, and adjusted its forecast for the last three months of the year to $4,800 per ounce. Similar adjustments were made by Goldman Sachs. Last week, the institution lowered its year-end gold price forecast by $500 to $4,900 per ounce, citing its assessment that the Fed will not cut interest rates this year. Technical Analysis: Today's Buy/Sell Threshold: 161.52 Support and Resistance Levels: 161.98 161.81 161.70 161.34 161.22 161.05 Trading Strategy: If the price breaks above 161.70, consider buying with a first target price of 161.81. If the price breaks below 161.52, consider selling with a first target price of 161.34.

Gold remains in bear territory: It could sink even lower!Judging from the current performance of gold prices, the downtrend has been confirmed. The 4100 level was once breached, and the intraday low touched around 4091. Although it rebounded to around 4130, it has not yet broken through the short-term resistance zone of 4140-4160. It is a rebound after breaking through key support, not a bottoming signal. Moreover, the short-term rebound is limited and unlikely to reverse the current downtrend, with the bears holding an overwhelming advantage. On the other hand, in addition to the easing of tensions between the US and Iran, the new Federal Reserve Chairman Warsh's tough stance against inflation has boosted expectations of interest rate hikes. In a market driven by interest rate hike expectations, there is no underlying logic for gold to rise. Therefore, at least until the PCE data is released, I still advocate shorting gold. As gold continues to decline, the current resistance zone has moved down to the 4140-4160 area. If gold fails to break through this area during the rebound, it is expected to continue its downward trend to the 4060-4040 area. Resistance: 4140-4160; 4180-4200 Support: 4100-4080; 4060-4040 Therefore, in the upcoming short-term trading, I will prioritize shorting gold after it rebounds to the 4140-4160 area.

by Raymond_Alpha_Trader

AUDNZD SELL SIGNAL AUDNZD is currently on an equal high on daily TF Entry Now SL=1.22633 TP= 1.19388

by ForexPotatoe

Speculative unwind puts Nikkei uptrend to the test Tuesday's sell-off was as brutal as it was necessary, flushing out speculative excess that had built up during the run to record highs. The focus now shifts to 68,782, the former record high from earlier this month. The level was tested once before and again on Tuesday, with the price briefly breaking below before snapping back into the close. Given the scale of the decline and the leverage embedded in many Asian equity markets, the risk of margin calls and distress selling in early trade cannot be ignored. How the price behaves around 68,782 may offer an important clue as to whether the correction has run its course or has further to go. RSI (14) continues to show bearish divergence, with momentum making lower highs as the price pushed to fresh records. MACD also appears close to crossing below its signal line, albeit while remaining in positive territory. Together, they provide a pair of cautionary signals for bulls. If the price were to break decisively below 68,782, traders could consider establishing shorts with a very tight stop above the level, targeting 67,000 initially, followed by 65,900 and potentially the uptrend from late March, which currently sits a little above 65,000. Conversely, if 68,782 continues to repel bearish probes, traders could consider establishing longs above the level with a very tight stop beneath, targeting a retest of the record high at 73,520. Of the two, the short side looks more attractive from a tactical perspective near-term given the magnitude of the recent advance and the warning signs from momentum. However, the broader bullish trend remains intact. The uptrend has not been broken and the key medium and longer-term moving averages continue to point higher with a positive slope. Good luck! DS