I WARN EVERYONEAltcoin Crash Started March 2024. The Road Down Is Open, Altcoins May Suffer and Fall Another 90%. Expect 2025 to Be Bearish. Harmonic patterns may see ETH dominance fall by 3-4%. Be careful.
My ideas are confirmed -
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Harmonic Patterns
Falling towards 61.8% Fibonacci support?The Bitcoin (BTC/USD) is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 85,389.36
1st Support: 83,252.81
1st Resistance: 92,478.49
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish rise?GBP/CAD is reacting off the pivot and could rise to the pullback resistance that lines up with the 78.6% Fibonacci projection.
Pivot: 1.8469
1st Support: 1.8316
1st Resistance: 1.8741
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal off pullback resistance?EUR/JPY is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support.
Pivot: 163.11
1st Support: 161.32
1st Resistance: 164.01
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BITCOIN ..... 3....2....1.... LIFT OFFBitcoin is about to Surge big time with a quick move to near $98,500. The set up seems clear and is unfolding nicely. Its likely to run into major resistance at $98,500 - $102,000. So it will get choppy up there and stall out for a while. Stay tuned to what comes next?????
USD/JPY Long PositionMarket makers ritual, induction using long leg consolidation before entering pending short positions. After positions are filled they will reverse market price to combat prior market imbalances then rising price to get better sell orders and continuation of price.
Potential bearish drop?EUR/AUD is reacting off the pivot and could drop to the pullback support.
Pivot: 1.79761
1st Support: 1.76901
1st Resistance: 1.80920
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EUR/USD SHORT POSITIONDuring a market turnover the market usually retest or fills left over market gaps or imbalances before continuation. This would be a perfect time for EUR Buyers to get washed out before market decides to continue to the upside. This also would close the losing positions of the market makers shorts against the retail Investors and they would get better buy order before continuation of Q2 books for EUR/USD positions.
Could the price bounce from here?EUR/NOK is falling towards the pivot which acts as an overlap support and could bounce tot he 1st resistance which is a pullback resistance.
Pivot: 11.81545
1st Support: 11.68330
1st Resistance: 12.15726
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
US30 | Massive Demand Zone Bounce – Is the Bull BackUS30 just tapped into a strong demand zone (38,166 – 38,287), and we’re now seeing bullish price reaction.
This zone has held up well despite recent heavy selling pressure.
Key Observations:
Demand zone reaction confirmed with strong bullish engulfing candle
Liquidity grab below the previous low – stop hunt?
Bullish momentum building as price reclaims 38,287 level
Next potential targets:
39,401 = minor resistance
40,549 = major supply zone (watch for reactions)
What to watch next:
Clean break & retest of 38,287 for confirmation
Possible early entries with tight risk below the zone
Strong upside potential if bullish momentum holds into the week
My Bias:
Bullish short-term. Looking for confirmations on retest.
SL below demand zone, targeting 39.4K and above.
What’s your take? Are you bullish or bearish on US30 right now? Drop your thoughts and charts in the comments!
#US30 #DowJones #SmartMoney #PriceAction #DemandZone #TradingSetup #BreakoutOrBounce #TradingView #LuxAlgo #SupplyAndDemand #TechnicalAnalysis
Bullish rebound?CAD/JPY is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 100.55
1st Support: 98.99
1st Resistance: 104.88
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish rise?AUD/CAD is reacting off the pivot and could rise to the 1st resistance.
Pivot: 0.88549
1st Support: 0.87948
1st Resistance: 0.89499
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
XAUUSD Rocketing Higher – Will Gold Hit $3500 Next?Gold (XAUUSD) continues its unstoppable climb, respecting a well-defined ascending trendline on the 4H chart. After a brief consolidation earlier in the month, price broke out strongly above the $3,200 zone and hasn’t looked back since.
Key Technical Levels:
Support Zones:
$3,223 – Current near-term support
$3,162 – Strong demand zone where previous breakout began
$2,981 – Last major higher low, key invalidation level for bulls
Resistance Levels:
$3,309 – Next short-term resistance
$3,434 (Current Price) – Testing new highs
$3,500 – Psychological level that could attract sellers or trigger FOMO buying
Trendline Structure:
Price is currently hugging a steep bullish trendline that’s been respected since April 8th. Every retest has led to a bounce, showing strong institutional interest.
Momentum Analysis:
Bullish candles are getting larger, indicating increasing momentum.
Very few red candles – buyers clearly in control.
No signs of RSI divergence or exhaustion yet.
What to Watch Next:
Pullback to $3,309 or $3,223 could offer a golden (pun intended) buy opportunity.
Break above $3,450 may trigger a breakout run toward $3,500 and possibly $3,600.
Break below trendline would be the first sign of weakness – caution if that happens.
Trading Idea:
Watch for a dip to $3,309 with bullish confirmation for long entries. SL below $3,223. TP near $3,500–$3,550.
What do YOU think?
Is this a rally to new all-time highs or are we nearing exhaustion? Drop your thoughts below and let’s chart this gold journey together.
Bullish bounce?USD/ZAR is reacting off the pivot and could bounce to the 1st resistance.
Pivot: 18.71637
1st Support: 18.44436
1st Resistance: 19.07855
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
SUI SOUTHERN GAS CO LTD SSGS has good potential to grow more because of current government in Pakistan try their best resolve the issue of circular debt SSGS is the one of beneficiary of circular debt.
1) Currently SSGS share price following Dow theory of uptrend.
2) Volume on daily time frame showing strong sentiment for future grow.
3) Completed 50% retracement of fib`s , Show strong reverse from golden number of fib.
4) Following AB:CD pattern on daily, weekly and monthly time frame, while completed (C) leg of AB:CD pattern and started to follow ( D) leg.
5) Also seen cup & handle pattern of daily, weekly time frame, currently following to complete handle of cup and handle pattern.
6) According to Elliot impulse theory completed 2nd leg and started 3rd leg which can expect more higher than past one.
Trade Plane
AB:CD Pattern Targets
Target (1) : 50.54
Target (2) : 72.00
Stop loss : 29.80
Cup & Handle Targets
Target: 89.45
Gold Potential Bullish Breakout (Potential HH formation)With with continued global tariff panic between USA and China, Gold price still seems to exhibit signs of overall Bullish momentum as the price action may form a prominent Higher High on the shorter timeframes with multiple confluences through key Fibonacci and Support levels which presents us with a potential long opportunity.
Trade Plan:
Entry : 3363
Stop Loss : 3278
TP 0.9 - 1 : 3439.5 - 3448
The resistance penetration did not succeed. The other resistanceThe resistance penetration did not succeed. The other resistance penetration will not succeed. The major resistance penetration on the RSI was successful.
Alibaba - This Chart Speaks In Money!Alibaba ( NYSE:BABA ) prepares for a significant pump:
Click chart above to see the detailed analysis👆🏻
Basically since Alibaba was listed on the NYSE, it always perfectly respected market structure. With the recent rejection away from the key neckline, Alibaba is now creating a bullish break and retest. After bullish confirmation, this forms a bottom and we might see new all time highs.
Levels to watch: $110, $140
Keep your long term vision,
Philip (BasicTrading)
S&P500 - The Correction Is Over Now!S&P500 ( TVC:SPX ) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
Over the past couple of days, we have been seeing a quite harsh stock market "crash" with an overall correction of about -20%. However, as we are speaking the S&P500 is already retesting a major confluence of support and if we see bullish confirmation, this drop might be over soon.
Levels to watch: $4.900
Keep your long term vision,
Philip (BasicTrading)
Bitcoin - All Time Highs Are Inevitable!Bitcoin ( CRYPTO:BTCUSD ) is still massively bullish:
Click chart above to see the detailed analysis👆🏻
Despite the correction of about -30% which we have been seeing lately, Bitcoin remains in a bullish market. Even if we see another drop of about -20%, this will still just turn into a textbook bullish break and retest and either way, new all time highs will follow on Bitcoin.
Levels to watch: $70.000, $400.000
Keep your long term vision,
Philip (BasicTrading)
SOFI Bell Curve StudyI am using the Sinusoid here - however there is a Bell Curve which is better. Just cannot find the indicator at present.
The synopsis is that most stocks and markets go through cycles (Bull and Bear) that are sometimes stretched sinusoids, called a Bell Wave Curve.
Whilst it is very difficult to predict these cycles, most become evident from market sentiment quite early. The problem is that we all have FOMO.
Most Senior Stock Market Analysts say do not sell, and this becomes evident when you are down a few 10% points, as the past shows that the market does recover.
Maybe a few smart (Elon) advisors will give Trump a CLUE that most Tariffs are calculated Wrong.
As the Markets are super choppy it is difficult to advise any future direction for now.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Potential bearish reversal?GER40 is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 21,545.11
Why we like it:
There is a pullback resistance level.
Stop loss: 22,174.31
Why we like it:
There is a pullback resistance level that lines up with the 138.2% Fibonacci extension.
Take profit: 20,327.32
Why we like it:
There is a pullback support level.
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