$SPY: 50%-61.8% Retrace Seems Likely Before Continuation HigherThe SPY seems likely to pull back to the levels of $420 to $400 before it can later decide whether it wants to continue the overall Bullish Trend to all-time highs. In the meantime, we are dealing with Double Bearish Divergence on the MACD, Overbought Conditions on the RSI, and a Bearish Engulfing Candle on the 4 Hour all while trading at the 1.13 Retrace of the local range it just broke out of.
Correction
EURUSD before CPIThe first important news of the week coming up today.
We continue to look at the H1 trend reversal and buying opportunities.
On confirmation after the news and a good ratio, we will look for an entry with an initial target of 1.0940.
It is still possible to see stop hunting below the previous low of 1.0730.
Watch Solana rejection movements Big drop just happened we should see a nice big correction… I could be wrong if we meet less than 20$ then bear will dominate but I can see bulls will dominate from $12-13$ area up to 40$ maybe more if not then 30$.
As the big green canoe from 5min -30min showed green candle break out ; the bulls should be able to exit out of bear divergence.
The highest I can see is 80-85$ is a possibility so the bears can dominate more and meet the bottom.
Watch any reversals and rejection it can happen anytime.
Trade safe y’all.
Solana bottom: 5$
New solana bullrun: 5$ -500$ ( or 1000$).
EURUSD trend reversalYesterday EURUSD broke the previous highs of 1.0740 and 1.0780.
Thus confirming a trend reversal as we now have higher lows and higher highs.
This means we are starting to look at buys with a target of 1.0940 and 1.1080.
Entry grounds will be available after correction.
Lots of big news coming up next week!
Beware Of Tesla Tidal Wave Tesla has been rising high and is about to go even higher Friday 6/9 after GM announces use of Tesla charging stations. Beware this tidal wave will crash eventually but it will be a more subtle correction. We should expect Tesla to drop 2-10% in a single or multi day correction next week. After this correction Tesla should remain stable and continue its steady growth pattern. For short term traders Friday would be a good day to cash out for those who are only riding the wave and not in it for the long run. As a real estate investor who raises funds in the stock market with Tesla being 1 of 10 stocks in my Real Estate portfolio, I plan to increase my Tesla position Wednesday next week. With a currently very small position that is up 20%, I am looking to 5x my position Wednesday. So when you hear me talk about selling the position, that is strictly for those looking for a quick guaranteed profit. As a bullish Tesla investor I look forward to future explosive growth. This is strictly an opinion excerpt written by Anthony Ruggiero ( Myantman101)
NZDUSD Short Term Buy IdeaH4 - Price is bouncing higher from a key support zone.
Bullish divergence.
Higher highs.
H1 - Currently it looks like a correction is happening.
Until the key support zone holds my short term view remains bullish here and a valid breakout above the downtrend line would be the validation for this bullish view.
CHZ Bearish channel and diamondThe truth is that the global situation is wearing out and in addition to this, the fomo of the World Cup is over. I think that for my part I expect a bearish movement in this Token and thus respect the bearish channel that it has and also this possible diamond that is at the top of the channel, I would think that it is a good risk-reward to take advantage of.
New sales on EURUSDYesterday, EURUSD rose back up to the resistance zone and bounced back.
This allows us to look at new sales opportunities today.
The target remains a test of the 1.0640 bottom.
A scenario breaks down on a breakout of the previous high.
With a better ratio right now is the GBPUSD selling opportunity.
EURUSD risk reductionYesterday we looked at EURUSD selling opportunity that is currently developing.
At these levels, we are not looking for new entries, but de-risking already active sales.
Risk is lowered by moving the stop to entry levels or by partially closing.
Expectations remain for EURUSD to head for a test of 1.0640 as we watch for an end of the move.
Next week there is a large number of important news that will cause great fluctuations.
Nasdaq Futures Major Buy Zone on a correction$NQ_F Nasdaq Futures Weekly chart going back a decade.
The Nasdaq Futures have reached the upside objective for the cycle (earlier than expected).
If there is a correction from these levels (no sign of that yet, and no need to guess), I intend to look for buying opportunities at the Gray Zone if offered in June - September, for a move back up the range.
BTCUSD : 40 pips shortHere is a quick idea for the GBPUSD pair. Next down move which will pass the 1.23800 level. It's about a 40+ pips SHORT move.
The Price movement should also break through that 1.23800 level without a real resistance.
For clarity, I've removed most of my indicators.
Let's watch since time will tell.
EUR-USD Local Bullish Bias! Buy!
Hello,Traders!
EUR-USD was making a
Bearish correction after
The breakout of the falling
Resistance which is a
Support now and we are
Already seeing a bullish
Rebound from the level so
I think that we will see
A further move up
Buy!
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BITCOIN Strong Support Ahead! Buy!
Hello,Traders!
BITCOIN is falling down
And the coin has lost
Almost 18% from the
Recent highs but a strong
Horizontal support of 24.4k$
Is nearby from where I think
That we will see a
Bullish correction
Buy!
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Rising from the Ashes: GALA V2 Ignites a Spectacular GALA Run GALA V2: Igniting a Thrilling Bull Market Breakout, Surging
GALA, the blockchain and gaming juggernaut, defies expectations with an explosive breakout synced with the highly anticipated bull market. The migration to GALA V2 and a jaw-dropping burn of 21 billion shares set the stage for an electrifying ascent.
Within an ascending parallel channel, GALA captures the attention of investors with an unwavering climb. Riding the bullish wave, GALA holds its position, delivering mind-boggling returns exceeding 5 times the initial investment.
This breakout, perfectly aligned with the bull market, shakes the cryptocurrency world. GALA emerges as an unrivaled force, reshaping success in blockchain and gaming. Partnerships flourish, users multiply, and investors rush to join this meteoric rise.
Hold on tight as GALA skyrockets, defying expectations and setting new benchmarks. The fusion of GALA's breakout and the bull market is an adrenaline-fueled spectacle, where dreams turn to reality and investors witness unprecedented returns. Get ready to be part of this thrilling journey!
Elliott Wave View: DAX Pullback in ProgressShort term Elliott Wave View in DAX shows that the Index ended wave (3) at 16333.28. It is now pulling back in wave (4). Internal subdivision of the pullback is unfolding as a zigzag Elliott Wave structure. Down from wave (3), wave ((i)) ended at 16179.14 and rally in wave ((ii)) ended at 16224.32. Index then resumes lower in wave ((iii)) towards 15802.86 and rally in wave ((iv)) ended at 15872.60. Final leg wave ((v)) ended at 15726.5 which completed wave A.
Index then did a corrective wave B rally which unfolded as another zigzag in lesser degree. Up from wave A, wave ((a)) ended at 15860.37 and pullback in wave ((b)) ended at 15726.74. Index then rallied higher in wave ((c)) towards 16079.73. This completed wave B. Index then resumes lower in wave C with internal subdivision as 5 waves. Down from wave B, wave ((i)) ended at 15925.22 and wave ((ii)) rally ended at 16058.43. Expect Index to extend lower within wave ((iii)), then rally in wave ((iv)) followed by another leg lower in wave ((v)). This should complete wave C and (4). Potential target lower is 100% – 161.8% Fibonacci extension of wave A which comes at 15103.6 – 15476.8. Near term, as far as pivot at 16333.28 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
The dollar remains strongEURUSD made a lower high yesterday and we now see a test of 1.0700 again.
We continue to watch for a breakout and exhaustion of the move.
While we wait for clear opportunities in the major pairs we are trading EURAUD where we are seeing a pullback from the support zone.
(We shared about this movement in yesterday's email.)
If the EURUSD continues to hold at these levels and the decline remains smaller than that of the AUDUSD, this will help the rise in the EURAUD.
CHFJPY I Potential return to the previous structureWelcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
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