😛😀🙌

Globally, the asset remains in an uptrend, while locally, the price is consolidating within a small sideways range. At the same time, the index is trading near record levels and is currently testing the key 30785 resistance level.

#TradeIdea

🔼 If the price manages to break and hold above 30785, the upside move could continue with a new all-time high;
🎯 Target: 31185.

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🎯 161.8% Fibonacci Should Be Your Target!

🔄 Market recovery ahead? The Fibonacci 161.8% level can be a key target for traders looking to take advantage of the recovery phase.

📊 What makes 161.8% important?
This level is critical during market retracements, often acting as a strong resistance or support zone. When the market recovers after a dip, prices often gravitate toward this level before deciding whether to continue or reverse the trend.

💡 Why focus on 161.8%?
🟢Precision: The 161.8% level is a key Fibonacci point where trends will likely face resistance.
🟢Risk Management: It helps set clearer exit points, minimizing risk and maximizing gains.
🟢Strategic Target: The 161.8% level is crucial in both market recoveries and trend reversals, offering traders a clear target for potential price action.

❓ How can you use it?
In trend reversals, draw the Fibonacci levels from the recent high to the low. Once the price breaks the 100.0% Fibonacci level, you can enter a trade with a take profit target at 161.8%, as this level often marks a strong extension point.

#education

💿 Save this advice and share with friends to master Fibonacci levels!

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🔤🔤🔤🔤

💵 The US Dollar has reached a 17-month high against the euro. The global bond selloff is pushing yields higher and increasing demand for US assets, while concerns over France’s fiscal position are adding pressure on the euro.

📈 Capital is shifting toward US government bonds. The move comes amid a broader global bond rout, with investors seeking relatively safer assets as inflation and fiscal concerns weigh on markets.

⚠️ Geopolitical tensions are also back in focus. The US is preparing to deploy a third aircraft carrier strike group and additional troops to the Middle East, while Trump is reportedly considering renewed strikes on Iran after the midterm elections.

🇺🇸 US Manufacturing PMI rose to 55.9 in September from 53.9 previously, pointing to stronger manufacturing activity.

₿ Citi raised its 12-month Bitcoin target to $113,000 from $82,000. The bank cited stronger crypto activity, a supportive macro backdrop and renewed ETF inflows as key factors behind the revision.

#MarketNews

📆 CALENDAR FOR TODAY - 02.10.2026

🇪🇺 EUR — Core CPI Flash Estimate y/y — 12:00 GMT+3
🇪🇺 EUR — CPI Flash Estimate y/y — 12:00 GMT+3
🇺🇸 USD — Average Hourly Earnings m/m — 15:30 GMT+3
🇺🇸 USD — Non-Farm Employment Change — 15:30 GMT+3
🇺🇸 USD — Unemployment Rate — 15:30 GMT+3

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😛🙃🤗😜

After the decline, the asset moved into a local sideways range. The price is now near the upper boundary of the range at the 61.52 resistance level. The market remains relatively inactive as participants are waiting for the NFP release.

#TradeIdea

🔼 If the price holds above the 61.52 resistance level, further upside toward 62.64 could be expected;

🔽 However, if the price fails to hold above this level, it could decline toward the lower boundary of the range at the 60.14 support level.

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⚡️US NFP RELEASE⚡️

🇺🇸 Average Hourly Earnings m/m:
Actual — 0.1%
Expected — 0.3%
Previous — 0.3%

🇺🇸 NFP m/m:
Actual — 29K
Expected — 89K
Previous — 162K

🇺🇸 Unemployment Rate:
Actual — 4.2%
Expected — 4.1%
Previous — 4.1%

ℹ️🔽3️⃣0️⃣

The asset is in a downtrend, however, after the release of the US labor market data, the price reacted with an upward move. The price is now testing the descending trendline and approaching the key resistance level at 51630.

#TradeIdea

🔼 If the price breaks and holds above the descending trendline resistance and 51630, the local structure could shift to an uptrend. In this case, further upside could be expected;
🎯 TP1: 52035;
🎯 TP2: 52350.

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🔤🔤🔤🔤

🏦 Global investors poured nearly $11 billion into US government bonds last week, four times more than the previous week, according to BofA/EPFR. The selloff in Treasuries paused as high yields attracted fresh demand.

🛢 Oil is showing little reaction to the G7’s new interventions, as markets may be pricing in the risk of renewed US military action against Iran.

🇯🇵 Japan’s services PMI fell to 51.3 in September from 52.5 previously, while the Composite PMI declined to 52.3 from 53.5, pointing to a slowdown in private-sector activity.

🛢 OPEC+ agreed to keep November oil production targets unchanged. The group will maintain September production levels in November, with the next meeting scheduled for November 1.

#MarketNews

📆 CALENDAR FOR TODAY - 05.10.2026

🇺🇸 USD — ISM Services PMI — 17:00 GMT+3

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😛😂🤗😜

The asset held the 1.3183 support level and is now showing a slight upside move. The price is testing the local high and the 1.3238 resistance level. If the price holds above and updates this local high, the structure will shift to bullish.

#TradeIdea

🔼 If the price holds above the 1.3238 level, the upside move will continue.
🎯 TP1: 1.3270;
🎯 TP2: 1.3290.

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😛🤠🤗😜

The asset has stopped making new local lows, which could indicate weakening selling pressure. The price is currently testing the 0.6969 resistance level. A Bullish Engulfing candlestick pattern has also formed on the chart, which could signal strengthening buying pressure.

#TradeIdea

🔼 If the price holds above 0.6969, the local structure could shift to bullish, after which further upside could be expected;
🎯 Target: 0.7010.

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❗️❗️❗️❗️

Gold is in a downtrend. The asset is unable to make new local highs, indicating weakness among buyers. The price is currently moving toward the 4130 support level.

#TradeIdea

🔽 If the price holds below the 4130 support level, the decline will continue;
🎯 TP1: 4115;
🎯 TP2: 4095.

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🔥 The Triple Top pattern 🔥

📊 The Triple Top pattern is a technical chart pattern that signals a potential trend reversal from bullish to bearish. It occurs when an asset's price reaches a resistance level three times, forming three consecutive peaks at nearly the same level.

📈 Fibonacci retracement is a powerful tool that helps identify potential support and resistance levels based on the Fibonacci sequence, a mathematical pattern in nature and financial markets.

📝Here's how you can use this powerful combination:

1️⃣ Identify an uptrend on the chart and notice a Triple Top pattern's formation;
2️⃣ Use Fibonacci retracement to draw retracement levels from the highest point;
3️⃣ Wait for the third peak to be confirmed after the price crosses 0.78 Fibo level;
4️⃣ Enter the market when the price breaks below the neckline of the Triple Top pattern and retests it;
5️⃣ Close your position when the price reaches the 1.61 Fibo level.

Smash ❤️ if you use patterns in your trading!

#Education

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🔤🔤🔤🔤

📈 US big tech stocks are outperforming the rest of the S&P 500 by the widest margin in history. The rally in AI and mega cap technology stocks continues to drive the index higher despite growing pressure in the bond market.

⚠️ Ray Dalio warns that the US could face a debt crisis within three years. He points to rising borrowing costs and weaker demand for US Treasuries from major foreign holders as key risks.

🇺🇸 The selloff in US Treasuries continues during the Asian session. The 30 year Treasury yield reached 5.70%, its highest level in 24 years, as investors remain concerned about inflation, debt and rising government borrowing costs.

🛢 The US continues to draw down its Strategic Petroleum Reserve at a record pace. SPR inventories fell to 283 million barrels, the lowest level since 1982, according to US Energy Department data.

#MarketNews

📆 CALENDAR FOR TODAY - 06.10.2026

🇨🇦 CAD — Ivey PMI — 17:00 GMT+3

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😛😀🙌

The index has reached our previously expected target. The price has now made a new all time high and is testing the 31185 resistance level. The structure remains bullish, and if the price holds above this level, further upside could be expected.

#TradeIdea

🔼 If the price holds above the 31185 resistance level, the upside move could continue;
🎯 Target: 31805.

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😛☺️🤗😜

The asset is in a downtrend. However, after testing the 1.1182 support level, the price is showing a local upside move and is now approaching the local high and the 1.1261 resistance level.

#TradeIdea

🔼 If the price breaks above the 1.1261 resistance level, a corrective upside move could be expected;
🎯 TP1: 1.1315;
🎯 TP2: 1.1364.

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😛😄🙌

The asset is moving sideways, with the price moving from one boundary of the range to the other between the 7820 resistance level and the 7600 support level. A bullish inverse head and shoulders pattern has formed within this range. The price is currently near the 7820 resistance level.

#TradeIdea

🔼 If the price manages to hold above the 7820 resistance level, further upside could be expected;
🎯 Target: 7980.

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📈 Trend lines in trading!

Start with trend lines if you want to understand the market's direction quickly.

🔍 What is a trend line?

A straight line on a chart connecting price points shows the trend's current direction.

🌱 How are they formed?

The price moves in waves, higher highs and higher lows in an uptrend, or lower highs and lower lows in a downtrend. Connecting these points gives you a visual “path” of the market.

⚙️ How do they work:

⬆️ Uptrend line (draw below the lows) → acts as support.
⬇️ Downtrend line (draw above the highs) → acts as resistance.
⚡️ The price often bounces off these lines or breaks through them.

❓ How to draw them:

🟠 By wicks → captures extreme highs/lows.
🟠 By candle bodies → cleaner look, less noise.
🟠 Both methods are correct — choose the one that suits your style.

💡 How to trade with them:

🟠 Rebounds: trade in the direction of the trend when the price touches the line and reacts.
🟠 Breakouts: when the price breaks through the line with momentum, it may signal a reversal or change in trend.
🟠 Coincidence: trend lines are stronger when they coincide with other signals (support/resistance, indicators).

✍️ Pro tip: the more touches a trend line has without a breakout, the more traders trust it.

Hit ❤️ if you use trendlines in your trading strategy!

#Education

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🔤🔤🔤🔤

📈 Since 1946, US stocks have risen over the following 12 months after every US midterm election. The average gain was 14.4%, while the largest reached 34%, according to BofA data.

🥇 Bitcoin has also posted strong gains in the 12 months following US midterm elections. BTC rose 24.5%, 44.9% and 92.3% after the 2014, 2018 and 2022 elections, respectively, according to CryptoQuant.

🍫 Global central banks continued buying gold in August. Net purchases reached 39 tons, up from 23 tons in July, according to the World Gold Council.

🥇 Q3 2026 was the first positive quarter for spot crypto ETFs in a year. Demand for digital assets through exchange traded funds is showing signs of recovery.

🛢 The first signs of a potential $150 oil scenario in 2027 are emerging. Prolonged supply disruptions and shrinking global inventories are increasing the risks of another major price surge.

#MarketNews

📆 CALENDAR FOR TODAY - 07.10.2026

🇺🇸 USD — FOMC Meeting Minutes — 21:00 GMT+3

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❗️❗️❗️❗️

Globally, the asset remains in a downtrend. Locally, the price is moving within a sideways range, moving from one boundary to the other. The price is now approaching the lower boundary of the range and the 4120 support level.

#TradeIdea

🔽 If the price manages to hold below the 4120 support level, the decline is likely to continue;
🎯 Target: 4095.

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😛🙃🤗😜

Globally, the asset is in a downtrend. Locally, the price is moving within a sideways range. The price is currently testing the lower boundary of the range and the 60.00 support level.

#TradeIdea

🔽 If the price holds below the 60.00 support level, the decline will continue;
🎯 TP1: 59.50;
🎯 TP2: 58.75.

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