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Economic Cycles

Anticipate A Short Term Rally On The Dollar Before The Sell-OffPairs are developing as anticipated and still holding GBPJPY LONG after a near miss of my stop loss order. I'm anticipating a rally on the dollar heading into Wednesday's trading session as price has now broken out of the range but I do see the rally as a liquidity grab within the 1D Order Block before we sell off as part of a larger correction post the bullish NFP rally. With this in mind, my bias for Wednesday's trading sessions are as follows: 1. EURUSD - SHORT 2. AUDUSD - SHORT 3. GBPJPY - LONG 4. USDJPY - LONG Be conservative with your take profit levels as you'll potentially be trading an inducement before the primary distribution for the week.
Long
by The_Modern_Day_Trader
1
Tell me your opinion about xrpBe sure to tell me your opinion before reading🧐 Before anything, let's check the cycles. I'll start from hwc. As you can see, we are at the bottom of hwc. There is no special process, so we'll go to mdc. mdc, the trend is clearly downward, and we don't have a trend in lwc, we made a box on the floor of hwc Well, we have two scenarios, and I think the second one is more likely 👌 The first scenario ascending In lwc, there is a good support area at the bottom of hwc, and we are making an accumulation box, and it will be confirmed when we can break the 0.5216 support. We have to set a bigger stop loss, because our mdc is downward, our target range is also shown in the picture.😶‍🌫️ The second scenario I know is more likely fall As soon as it sees the mdc going down, we can place a smaller stop loss. The redistribution is confirmed by breaking the 0.5216 support. There is a possibility that we will break badly. We also set our target to the downward trend line🫡 ⚠️Do capital managemen⚠️
by parsa_xa
Elliott Wave View on GDX Favors Pullback Before RallShort Term Elliott Wave View in GDX suggests the zigzag correction should find support towards extreme areas before resume higher to finish the impulse sequence from 5-August, 2024 low. It is showing higher high sequence in daily from September-2022 low and expect short term rally to continue against August-2024 low. Since 5-August, 2024 low, it placed 1 at 39.97 high and 2 correction at 36.22 low as 0.618 Fibonacci retracement. Above 36.22 low, it placed ((i)) of 3 at 36.89 high, ((ii)) at 36.44 low, ((iii)) as extended wave at 40.98 high, ((iv)) at 39.02 low and finally ((v)) as 3 at 42.12 high. Below 3 high, it favors zigzag correction in 4 against 6-September, 2024 low before resume higher. Below 42.12 high, it favors pullback in ((c)) of 4 started from 40.79 high. It placed ((a)) of 4 at 39.35 low as 5 swing sequence, while placed ((b)) at 40.79 high. Within ((a)), it placed (i) at 41.22 low, (ii) at 41.95 high, (iii) at 39.96 low, (iv) at 40.75 high and (v) as ((a)) at 39.35 high. Below ((b)) high, it placed (i) at 39.12 low and (ii) at 40.19 high. Currently, it favors lower in (iii) and expect short term weakness towards 38.03 or lower levels to finish zigzag before resume higher in 5 as possible diagonal from August-2024 low.
AMEX:GDX
by Elliottwave-Forecast
Microsoft (MSFT): Decision Point – Will It Hold or Drop?Since our last analysis on Microsoft, not much has changed in terms of price action, as it rose to $469 before getting stuck again at $416. However, there is one major development – Microsoft has formed a new trend channel. We have marked this crucial channel in red and labeled it "Must hold for more upside," emphasizing its importance. A major decision is approaching for $MSFT. Either Microsoft holds this channel, leading to a surge higher, or it loses this level, which would confirm the bearish head and shoulder pattern. We've maintained a bearish outlook on Microsoft since January 2024, and recent developments seem to support our analysis. For now, we're patiently waiting and letting the market decide. If Microsoft loses the channel, we could find initial support for wave (A) around $316-306. However, a better buying opportunity for wave II may present itself closer to $220 – though reaching this level will take some time. 🫡
NASDAQ:MSFT
by freeguy_by_wmc
Short trade Sun 28th Sept 24 8.00 pm LND to NY Session PM Pair DE30EUR Entry 19464.5 (0.25%) Profit level 18936.1 (2.71%) Stop level 19512.6 RR 10.99 Trade entry reason: High vol RedK & Vol analysis indicators: High Volume RedK (Red Candlestick): The presence of a large red candlestick likely indicates strong selling pressure, which suggests bearish momentum in the market. Volume Analysis indicator: Increased trading volume in conjunction with the red candlestick supports the downward move, making it a solid setup for a sell-side trade. Target Support zone 18912.1 to 18935.5
OANDA:DE30EURShort
by davidjulien369
Pre-NFP Analysis - Technicals Align For A Bearish DollarAfter an aggressive appreciation of the dollar, we see the DXY trading within the 1D 1-sided FVG and now within the 1D range EPD. While I'm positioning myself for a sell off, I'd be wear of further appreciation as a result of NFP volatility before the real move takes shape over the course of the month. While I'm observing multiple scenario's on most pairs, my primary biases are as follows: EURUSD - SHORT GBPJPY - SHORT USDJPY - SHORT AUDUSD - SHORT (Wildcard)
Short
by The_Modern_Day_Trader
6j Yen Short SwingsI have been watching the Yen carefully since July. This upswing has provided a healthy reset but current price action represents the tide turning back to the short side which fundamentally supports Japans struggle to maintain currency value. The risk/reward makes sense to me and I'm actively watching for swing shorts with .006700 target. The daily chart is presenting a great entry point as old support now becomes resistance. I'll post the entry if/when it's made. Timeline is before November (US Elections)
CME:6J1!Short
by GrayTrader01
HO Time CycleThere’s a 518 day time cycle from the 2 previous major lows to today. There’s also a falling broadening wedge breakout, DMI cross (not shown), and escalating regional conflict in the Middle East. Iran has launched ballistic missiles at Israel. There is a major downtrend but it’s far enough overhead that there’s headroom for upside. The trend seems vulnerable to failure, all things considered. This analysis establishes a bullish daily bias. Intraday long setups may be necessary for a good entry.
NYMEX:HO1!Long
by Skipper86
PEPE forecast price🐸 1000PEPEUSDT.P Technical Analysis: We’re currently at a critical support level around 0.0088004 📉. If price stabilizes below this area, expect further drops to the 0.0076411 zone, marking a potential 13.04% decline 📉. However, there's a descending trendline ⤵️ pressing the price down. A break above this line would be a sign of reversal 🔄, targeting the first resistance at 0.0095467 💥. If the price holds above this point, it could trigger a bullish move towards higher resistances at 0.010237 (a 10.74% increase) and then to 0.0118714 (a 19.64% increase) 📈. Key strategy: Watch for volume spikes 📊 and wait for a clean breakout above the descending trendline for a potential buying opportunity 🚀. If support breaks, prepare for deeper pullbacks ⬇️. Stay sharp and manage your risks properly! 🛡️"
by ahmadarz
4 Year BTC Cycle - My Thoughts All forms of existence come in cycles. Everything cycles up and down. Everything is essentially a frequency. What do frequencies consist of; Top bands and low bands, or in other words, 'cycles'. Everything in the universe is composed of frequency, including bitcoin, and luckily we can calculate it through math; Through the fibonacci sequence. This is my prediction for this 2025 Bitcoin cycle. A potential top of ~175k (1.618 fib) or ~526k (2.36 fib) followed by a health retracement back down to its legacy trend line of ~75k. These targets are rough numbers, respectively. Let's see how it pans out.
INDEX:BTCUSDLong
by AverageNick
1