MSFT morning analysisTechnical analysis of MSFT.
Probably the cleanest EW count of any individual stock.
Elliott Wave
NVDA morning analyssiTechnical analysis for NVDA.
I usually save EW for indices, but I think it helps with NVDA given its size and volume.
This count has completed five waves, with ((3)) being 3.618x ((1)) and ((5)) being 1.618x ((1)), similar to NAS100.
GOLD → Are the buyers back? What's going on?FX:XAUUSD is getting stronger after a false breakdown of support. The fundamental background also contributes to it. The focus is on resistance 2589 and 2618, which divide the market into two zones.
The attention of the markets is shifting to the escalation of the conflict in Ukraine. Biden (or those above him) decided to escalate an already tense situation with his authorization of long-range missiles before leaving office. (A rather bizarre maneuver that generally characterizes Democrats as advocates of war, not peace). Gold has been reacting accordingly since the opening session. China is trying to strengthen its economy, and the dollar's consolidation after the rally gives gold fans a chance.
Technically gold is in the range of 2604 - 2546. Since the opening of the session, the price has been rallying quite strongly, which increases the chances of resistance to stop this rise
Resistance levels: 2589, 2604, 2618
Support levels: 2559, 2546, 2531
The situation is complicated due to the mixed fundamental background. False breakdown of 2589 and consolidation below this zone will strengthen the sales. But, there is a probability of retest of 2618 (liquidity zone). Similarly, a false breakout will trigger selling.
But if the fundamental situation will strengthen in the direction of gold, the market will have a chance to change the local trend from 2618
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
NZDUSD → Consolidation before the continuation of the fallFX:NZDUSD amid bearish rally is not going to pull back, forming consolidation in front of 0.5894 with the purpose of continuing the fall...
Last week the price tested the key support at 0.585, closing below the level, hinting that the market is ready to go further.
The strong rise in the dollar is extremely negative for the forex market. The excitement has not subsided yet and most likely the current movements may get a continuation.
Since we have a downtrend, we should prioritize selling from strong resistance zones or supports. Focus on the key range.
Resistance levels: 0.5864, 0.588, 0.5912
Support levels: 0.584
Accordingly, I do not exclude the fact that the market may test the resistance in the format of a false breakdown and further fall. But, since we are close to the support now and the price is forming a pre-breakdown accumulation, we should consider a breakdown of the support in the first place
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDUSD ;)
Regards R. Linda!
GOLD--> Buyers stop believing in gold. Are the bears coming?OANDA:XAUUSD rose, but remained below $2,600 early on Monday, snapping a six-day losing streak. Geopolitical risks favored the safe-haven metal amid reduced demand for the US Dollar.
However, expectations of a less aggressive Fed rate cut and rising US Treasury yields are likely to limit further gains for XAU.
Attention is now focused on the upcoming speech by Chicago Fed President Austan Goolsbee, as there are no major economic releases due on Monday. Geopolitical developments will also be closely watched to see if they have any significant impact on the safe-haven asset.
Technically, Gold is forming a smooth and calm move towards new highs after a false breakout near $2,575. Notably, an uptrend is emerging on the H1 timeframe.
A pullback to the imbalance zone or local resistance level may form before the news as traders try to recover losses. However, I predict that after this correction, the price will likely continue its downtrend.
Bitcoin's Super-cycle PredectionBitcoin is finalizing a motive wave (3) to mark the run's top.
A main corrective wave (4) shall start right after (3) and it shall last till Aug/ Sep of 2025 (a mini bear market).
A last motive wave (5) would happen after (4) that would probably last for another year
to end the 4 years super-cycle that started from Nov 2022.
Nasdaq: QQQ Final Swing? Shorting $540+ NASDAQ:QQQ
Hey Everyone,
Hope your week is going great!
As the year winds down, I just want to say—congrats to all of us for making it through. 🥳 We did it!
I’ve been working on a trade idea that I’m excited to share with you. Here’s the plan:
Trade Plan: Short QQQ Mid Term
Swing Trade - Multi day trade
I’m anticipating a strong rally over the next few weeks to close out November if strong enough. After that, I’m watching for QQQ to break below the $540 level.
Short Term Trade Long QQQ
I will be first Looking for a re-entry at current price levels to go long this will allow me to play both sides of the trade targeting short entry zone of $540+ where price starts losing momentum. Then I will follow the main trade idea to do a round trip by shorting this move.
Will provide an update for more specifics.
Let’s finish the year strong—have a good one!
Thanks,
Clemard
Gold --> Break out of channel and test low. Next target?OANDA:XAUUSD is in a strong downtrend after leaving the parallel channel. The price is preparing to update the local low. But! There are positive nuances from the news....
According to CME's FedWatch tool, traders are forecasting an 82% chance of the Fed cutting interest rates in December, up from around 58% before the data.
However, investors believe that the new presidency could cause the Fed to pause its easing cycle if inflation spikes after the expected new round of tariffs, which could have an overall negative impact on XAU.
Technically, gold is giving hints of a possible reversal by reacting to key support at 2550. In addition, H1 is starting to show a local down channel. Ahead of the key figures (PPI) and US weekly jobless claims, prices may still test these support areas, but then the market may reverse and find resistance, after which we can expect prices to start to decline gradually until the end of the market-wide euphoria....
Bitcoin Short-Term PerspectiveIt seems Bitcoin is developing as a Diamond diametric pattern (i-wave of a symmetrical) and it can go to 150000$ until July 2025
Bitcoin Long-Term PerspectiveIt seems Bitcoin is developing as a symetrical pattern and it can go to 150000$ until July 2025
Nikkei 225: Wave 3 crash is comingI explain in this video my choice on breaking down the waves into sub-waves and suggests the alternative which will always give us a wave 3 down. For 2nd alternate count, where our main and 1st secondary count is wrong, I suggest that the current correction might drags out before wave 3 resumes.
Russell 2000 Short: It's not over yet.We have completed wave 3 and today we are selling wave 4. But it's not over. I believe that wave 4 is going to be shallow and what this means is that price will move up in pre-market, and cash will open up and mark wave 4. Then prices will start coming down for wave 5.
Alibaba: Beware of potential moveAlibaba is at a price point and wave structure where it could be either a potential strong reversal or a crash.
If i have to call a side, I am more bias short because I think global equities are ripe for (short) harvesting. The stop loss that I put in this idea shows that I am cautious about being wrong, but as you can see, it is not at any obvious resistance, showing my short bias.
SPX, evening analysisBig picture SPX analysis.
This certainly looks terrifying... implies move back to 2009 low.
Should be fun!
is this the top?dx1!, dxy, us dolla - is nearing a top.
do with this information what you will, but thought i'd let you know just in case you were wondering.
---
it is possible this fifth wave sees an expansion,
and if it does, the situation in the global markets can substantially worsen.
>let's not go there unless we need to.
✌
nasdaq to 20k?!good evening,
---
consider this post somewhat fictional for now, created more for entertainment purposes, but i want you to know that there are some serious data points which i'm going to bring up to build the case that the stock market has found a long term bottom.
---
~our monthly indicator is finally oversold for the first time since 2009 market low and is on the verge of crossing bullish.
~nasdaq is backtesting the monthly ichimoku cloud.
~0.382 cycle wave 4 target hit through a very complex correction .
~the monthly rsi has confirmed a hidden bear.
~the us dollar found a top and is headed down to about 80 bucks over this next year.
~us10y, topped out.
~fed might run out of money if they continue to press the markets.
~fear is at all time high.
~retail short positions are at all time high.
~and i'm buying everything.
---
the cycle w5 target on nasdaq sits at $20,000 and we could be in the early stages of beginning that ascension.
---
ps. take my words with a total grain of salt, as i could be very much dreaming here.
ps2. in my last big nasdaq post, i called the top, but was early by a few months. it also went a bit higher, so if i adjust the target with the current data, we have reached the 4th wave target successfully.
✌
Bitcoin Analysis ==>>Second AttackAs I expected from the ✅ previous post ✅, Bitcoin ( BINANCE:BTCUSDT ) started correcting , and failed in the first attack on the Important Resistance lines .
Bitcoin seems to be preparing itself for the next Attack on the Important Resistance lines .
It seems that Bitcoin was able to break the upper line of the descending channel and Resistance zone($89,980-$89,000) .
According to Elliott's wave theory , Bitcoin seems to complete Zigzag Correction . One of the most likely scenarios for microwave 5 of the main wave 5 could be the Expanding Ending Diagonal .
I expect Bitcoin to attack the Important Resistance lines and Potential Reversal Zone(PRZ) for the 2️⃣Second time2️⃣ .
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
🔔Be sure to follow the updated ideas.🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Correction for BitcoinHi traders,
I've changed the wavecount of Bitcoin because it turned out to be a leading diagonal.
Last week Bitcoin went up some more and after that it started a (corrective) downmove.
I think we could see a Triangle pattern or another move down possibly in the Daily FVG and after that another impulsive upmove.
Let's see what the market does and react.
Trade idea: Wait for the corrective downmove to finish before you take a long.
If you want to learn more about trading ICT concepts with wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
Correction up for goldHi traders,
Last week's price action of XAUUSD did exactly what I've said in my outlook. It continued to drop lower the whole week.
Now we could see a (small) correction up to the higher Daily FVG and 38.2 fib. retracement.
Let's see what price does and react.
Trade idea: Don't trade. Or wait for a (small) correction down on a lower timeframe to trade (short term) longs.
If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
Bigger correction for SPX500USDHi traders,
Last week my analysis of SPX500USD was right again.
After the finish of wave 5, we saw the start of the bigger correction down.
So for next week we could see more downside for this pair after a (small) correction up into the Daily FVG lower.
Trade idea: Wait for a correction up on a lower timeframe and trade (short term) shorts.
If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide trade signals.
Don't be emotional, just trade!
Eduwave
Solana - 15 min Elliott Wave AnalysisGreetings, here an 15min Chart update for you :)
I adjusted the Wave 2 support as Wave 1 stretched a bit higher.
Wave 2 Support sits now between the 0.382 FIB at 230.78 USD and the 0.786 FIB at 218.57 USD now. Noteworthy is that the upper trendline of the triangle is around the same level as the 0.786 FIB of the projected Wave 2.
We can count an ABC move down marked as yellow which could finish the correction but we assume that this is only the red Wave A of the bigger red ABC.
We now want to see a corrective move up in red Wave B.
Thanks for reading.
NO FINANCIAL ADVICE.
MATIC/USDTMATIC is behaving similarly to DOT, and a similar structure can be considered as the main scenario for this coin as well. This is not financial advice.
Bitcoin - 10 secrets and myths no one knows about BTC!Bitcoin is in the final stage of its bullish cycle! Buying at the current price will most likely lead to a massive loss on your account in 2025/2026. You want to buy when there is blood on the street, not when everyone is FOMOing in. The moonboys are back, and historically, that's a big sell signal. This cycle should end between 90k and 120k. Then expect a massive crash back to 50k.
But let's take a look at 10 Bitcoin secrets and myths no one talks about. Before that, write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas.
Bitcoin and blockchain are brand new technologies invented by humans on Earth. That's false. This technology is very old and is already in use on thousands of different planets in our galaxy and in other galaxies. This technology was brought to Earth from the outside.
Bitcoin is decentralized and cannot be controlled. That's wrong. Bitcoin is controlled by the miners, and the FED and banks have full control over Bitcoin's development. You really thought that banks would ignore Bitcoin? In fact, they created it to replace the dollar and paper money (cash).
Bitcoin will bring freedom to humanity. That's indeed incorrect. Bitcoin is part of the total control plan to create 1 world digital currency. That means 1 wallet per person on your government ID, monitored 24/7 (Bitcoin's transactions are public); if you do something wrong, you can get blacklisted and unable to pay.
Everyone thinks that Bitcoin's maximum supply is permanently capped at 21 million coins. That's incorrect. This is the current setting of the Bitcoin program, and the supply can be very easily increased. Don't forget that Bitcoin is software, and every software can be modified. The practical supply of Bitcoin is infinite.
Bitcoin is the enemy to the banks and will cause destruction of the banking system. This is very incorrect. The banks are here to provide you financial services, such as loans or keeping your money save. They don't really care if they borrow you Bitcoin or Dollar, as long as they make money on the interest, fees, and taxes. They borrow you 10 bitcoins, but you have to pay back 20 bitcoins. That's a good business, right? In fact, the banks love Bitcoin.
It's getting long, so next 5 secrets tomorrow in this post in the next update. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
