Bullish
Closed at 34.03 (21-05-2025)
Hidden Bullish Divergence on bigger tf.
Bullish Divergence on shorter tf.
Immediate resistance is around 34 - 34.10
Crossing & Sustaining this level may exposes
upside towards 47 - 48
However, mid way, 40-41 & 44-45 are important
resistances that should not be ignored.
On the flip side, 30 - 32 are important Support levels.
and 29.80 Must not Break on Monthly Basis.
Fibonnacci
XAU/USD 4H Chart Analysis – Wave 5 Setup in PlayHey traders! Just wanted to share this clean Elliott Wave setup I’m tracking on Gold (XAU/USD).
We’ve just completed what looks like a textbook Wave (4) correction, finding support right at the lower boundary of this long-term ascending channel. Price also respected the 38.2% Fibonacci retracement perfectly, lining up around the $3,090 level. That level is acting as a key demand zone right now.
🌀 According to the wave count:
Wave (3) topped out near $3,500
Wave (4) retraced sharply into the channel base
We are now potentially at the launch point for Wave (5) — the final impulse leg
💹 Wave (5) Projection:
Targeting the upper channel boundary, which aligns closely with $3,740–$3,750
This area also completes the measured move and matches key structural confluence
📈 Technical Confluence Supporting the Bullish Bias:
RSI bounced cleanly from oversold territory
Bullish EMA crossover (20/50) is happening right near the bounce zone
We’re also seeing a break of the corrective trend line, suggesting momentum is shifting back in favor of the bulls
📍 Key Levels to Watch:
$3,149: minor pullback area / possible retest
$3,283: Fib 23.6% resistance — needs to be cleared for confirmation
$3,500: Major resistance & previous high — breakout zone
$3,747: Wave 5 target
⚠️ Invalidation Zone:
If price breaks below $3,090, and especially $3,041, I’ll be reassessing the wave count. That would suggest a deeper Wave 4 or a breakdown in bullish structure.
📌 Conclusion:
I’m watching this setup closely. Gold looks poised for a strong upside leg if current levels hold. The structure is clean, momentum is turning, and we’ve got multiple confirmations in place. I’ll be scaling in with proper risk management and looking to ride this potential Wave 5 to new highs.
Drop your thoughts below — are you long on Gold? Let’s talk setups 👇
@WrightWayInvestments
@WrightWayInvestments
@WrightWayInvestments
EUR/USD Wave 5 Setup – The Calm Before the SurgeWe're tracking a potential Wave (5) extension on EUR/USD after a clean completion of Wave (4), which bounced right from the golden zone between the 0.382–0.5 fib levels.
🔍 Structure & Context:
Wave (4) bottomed at 1.1065, aligning with key fib confluence and RSI oversold bounce.
Price is now showing early signs of bullish momentum, currently trading just under 1.1200, above the 0.382 retracement.
If this count holds, we could be entering the early phase of a bullish impulse leg toward 1.1572 and possibly 1.1755 for Wave (5).
🧩 Technical Confluences:
✅ Fib retracement support (0.382–0.5) held strong
✅ Price reclaiming 20/50 EMAs; 200 EMA still overhead but flattening
✅ RSI recovering above 47, showing room for upside
✅ Minor resistance at 1.1272 → watch for breakout confirmation
🎯 Key Levels:
Entry Zone: 1.1150–1.1190
Wave 5 Target:
⚡ TP1: 1.1388 (0.618 ext)
⚡ TP2: 1.1572 (wave projection)
⚡ TP3: 1.1755 (extended target)
Invalidation: Break and close below 1.1045
📌 Plan: Looking for bullish continuation confirmation above 1.1225 with strong momentum. Tight risk with upside reward aligning beautifully with the wave structure 📈
💬 Let me know your thoughts on this count—bullish or premature?
📊 Drop a like if you're trading EUR/USD & follow for more wave-based setups!
@WrightWayInvestments
@WrightWayInvestments
@WrightWayInvestments
GBP/USD | Wave 5 Loading?Hey traders 👋,
We're setting up for what could be a textbook Wave (5) breakout on the 4H GBP/USD chart. After a clean corrective pullback to the golden zone (0.618–0.705), bulls are stepping back in. Here’s the technical story:
⚙️ Technical Breakdown:
✅ Elliott Wave Structure:
Wave (4) seems complete following a controlled retracement. If this count holds, Wave (5) should extend us toward 1.34400+ and possibly 1.36300, aligning with fib extensions and previous impulse behavior.
📏 Fib Retracement:
Wave (4) respected the 0.618–0.705 zone perfectly (1.32235–1.32047), a classic launchpad in bullish cycles. Buyers showed strong interest here—textbook bounce material.
📊 EMA Stack (20, 100, 200):
Price is holding above the 100 and 200 EMAs, with the 20 EMA curling upward. If we get a clean cross and hold, that’s further confirmation of bullish continuation.
📉 RSI:
Sitting around 53, giving us enough room to run without immediate overbought pressure. RSI holding above 50 typically aligns with bullish continuation patterns.
🚨 Levels to Watch:
🔑 Entry zone: 1.32200–1.32400 (golden pocket pullback)
🎯 Target zone: 1.34400 ➜ 1.36300 (Fib + Wave 5)
❌ Invalidation: Clean break below 1.31770
🧠 Final Thoughts:
Structure is clean. Momentum is building. Fundamentals aside, this chart is screaming setup potential.
📢 What’s your take on this setup?
Drop your thoughts 👇 and don’t forget to like if you’re bullish too 🟢
@WrightWayInvestments
@WrightWayInvestments
@WrightWayInvestments
S&P ES Long setup target 5963.50 / Calls SPY target 596Fibonacci technical analysis : S&P 500 E-mini Futures CME_MINI:ES1! has already found support at the Fib level 78.6% (5623.50) of my Down Fib. Last Daily candle (May 2) has closed above retracement Fib level 78.6%. My Down Fib guides me to look for CME_MINI:ES1! to eventually go up to hit first target at Fib level 127.2% (5963.50).
CME_MINI:ES1! – Target 1 at 127.2% (5963.50), Target 2 at 161.8% (6205.50) and Target 3 at 178.6 (6322.75)
Stop loss slightly below the 61.8% retracement Fib level (5506.25).
Option Traders : My AMEX:SPY chart Down Fib shows price to go up to Target 1 at 127.2% (595.82), Target 2 at 161.8% (620.50) and Target 3 at 178.6 (632.50)
Stop loss slightly below the 61.8% retracement Fib level (549).
Enjoy the trading process and take time to smell the roses🌹
EL | This is Ready for a Move Higher | LONGThe Estee Lauder Companies, Inc. engages in the manufacture of skin care, makeup, fragrance and hair care products. It sells products under Estee Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. Its channels consist of department stores, multi-brand retailers, upscale perfumeries and pharmacies, and prestige salons and spas. The company was founded by Estee Lauder and Joseph Lauder in 1946 and is headquartered in New York, NY.
EURNZD (BOS 1H + INDUCEMENT + OTE + SMT + ORDER FLOW) Hello traders!
As you can noticed, we have unmitigated BOS on 1H - which is also our Supply Zone, under zone price built liquidity and make even SMT(Fake BOS). In Supply zone expecting reversal.
Have a profitable day and don't forget to subscribe for updates!
Can $AMC come back to life again? NYSE:AMC is showing some good TA on the weekly and daily chart. We are visiting lows from the past, which reminds me of when I played NYSE:AMC and it visited the COVID lows.
On both the Weekly and Daily we have the MACD in GREEN, RSI crossing MA which the weekly is showing downtrend being broke.
Daily chart Is almost or is right on the 8 day crossing the 21 day EMA. Daily is also breaking the downtrend of ~$4.40 along with breaking the 100 day SMA. Holding VWAP form the low of $2.45 on 4/4/2025.
NYSE:AMC Price as of 5/15/2025: $2.81
Need to see continuation out of the downtrend with volume
Break the resistance level of $2.81 - $2.85, which has the 100 Day SMA around the $2.83 that needs to be cleared.
Then $2.90 - $3.00 and we'll follow the Fib Levels and mark support/resistance levels as we go.
This could get spicy so buckle up knuckleheads!
NYSE:AMC Daily
NYSE:AMC Weekly
AUD/USD 4H | Wave 2 Pullback in MotionAUD/USD is currently completing a corrective Wave (2) within a larger impulsive structure. After the peak of Wave (1) at 0.65145, price has been in a healthy retracement phase, now nearing key fib confluence zones.
🟣 EMA Confluence:
Price is reacting near the 100 & 200 EMA (0.6373–0.6394), which has acted as dynamic support throughout this structure.
We are currently holding above the 0.382 level, with the golden zone (0.618–0.705) sitting just below.
🔄 Bullish Continuation Scenario:
If the pair holds above 0.6285 and we see bullish confirmation candles, we may begin the next leg higher — Wave (3) — targeting 0.66250–0.66766 as initial projection zones.
📊 RSI:
The RSI is hovering just below the 50 level, showing temporary bearish pressure, but has room to recover if structure holds.
🧠 Plan:
📍 Watching 0.6285–0.6214 for final support
📍 Wave (3) target zone: 0.66500+
📍 Invalidation: Clean break and close below 0.6015
🔔 Wave (2) entries are where the patient traders shine. Eyes on structure, and let price do the heavy lifting.
@WrightWayInvestments
@WrightWayInvestments
@WrightWayInvestments
BTCUSD – Multi-TF Bearish SFP & Fib Retrace Before ATH Rebound
Bearish SFP printed on 4H / 8H / 12H / 1D at $103 345 – $104 985 after a parabolic ~$94 k → $104 k run and multiple rejections at $104 k–$106 k resistance.
Trump tariff-cut announcement sparked a sharp spike into resistance that was quickly sold off, confirming heavy supply at $104 k – $106 k.
Baseline plan: drop to 0.786 Fib ~$102 586, then 0.618 Fib ~$100 613, before a push toward the ATH ~$109 588.
Trade Setups
Short – SFP Breakdown
Trigger: 4H close below $103 345
Entry: ≈ $103 300 on retest
SL: $105 500 (above swing high)
TP1: 0.786 Fib ≈ $102 586 RR ≈ 0.7
TP2: 0.618 Fib ≈ $100 613 RR ≈ 2.6
Long – Fib Rebound
Trigger: Bullish reversal at 0.618 Fib / FVG cluster ≈ $100 613
SL: $99 300 (below FVG)
TP1: SFP top / range high ≈ $104 145 RR ≈ 2.7
TP2: ATH ≈ $109 588 RR ≈ 6.8
NZDJPY LONGHey everyone we looking for a long NZDJPY, we were having a uptrend for an quiet a while so this is what i see and why i will taking a buy
1) break and retest to daily support and reject few times
2) reject from a 50% Fib level
3) break our counter trend line on 4h which shows us buyer is taking over
4) shift from bearish to bullish market after break of structure on1h
5) reject Daily and 4h 50 EMA
6) engulfing bullish on 4h
Im aiming 1:2 risk to reward Ratio
Due to Geo Political changes in Europe grow expected. These types of rates are always difficult (but fun) to analyze, because there is no history. This one has gone from always low to sky high. But I can still do something with it. You see again, classically according to the Fibonacci model, that the rate has shot up from 400 to 1280, from the blue area straight through the green and yellow. The red area is the outperformance, but you don't know that because you don't know where the rate ends.
You can put a reserve Fibonacci chart against that and then you suddenly see the purple area appear up to 2700. If I subdivide that again, resistance arises on:
1884
2064
2180
2313
2459
2700
The group was promoted to the DAX, Germany's main stock market index, in March 2023. It is the largest German and fifth-largest European arms manufacturer, and produces a variety of armored fighting vehicles and armored personnel carriers, both wheeled and tracked.
GBPUSD Week 19 Swing Zone/LevelsHope y'all had a good weekend with your profits.
This week we go into a slight variation of our winning strategy and ask the question:
what if Retracement is not fixed at the Fib levels but dynamic?
And so whilst keeping the zone and primary values of 279/721, we mark 2 levels and the predicted price reaction around them.
As Always price action determines trades
Tata Motors - Short term target - 850 to 900Tata Motors has formed Shark pattern confirmation.
Based on Fib targets it will have resistance at 850 to 900.
In short term it will have potential to reach 900 with following targets,
700 / 750 / 780 / 820 / 860 & 900.
2 Weekly candle close above 900 will have further potential upside.