Community ideas
S&P500 Short: Update on wave counts, Completion of WXYThis is my 3rd attempt to call the correction peak for S&P500 or Nasdaq (I use them interchangeably). From the previous short idea using Nasdaq, I mentioned that the reason for the invalidation of the previous idea is due to the last wave 5 of C of Y to extend into a 5-wave structure.
Over here, the short position will be stopped out if a new high above wave Y is hit. I offered 2 conservative targets in this short idea and suggests that one can reduce position and shift stop loss when the first conservative target is reached. I also mention that if this WXY wave structure is the correct call, then the big picture is really that S&P500 will crash below 4800.
Good luck!
May 12th Trade Journal & Stock Market Analysis May 12th Trade Journal & Stock Market Analysis
EOD accountability report: +778.75
Sleep: 6 hour, Overall health: 👍
Just arrived to BKK, and adjusting to the new place.
day 5 of taking the morning pill stacks consistency and noticing the lions mane working pretty effectively with the new supplements.
trading has been very clear and easy.
Daily Trade recap based on VX Algo System
— Yesterday at 9:30 AM Market Structure flipped bearish on VX Algo X3
Yesterday at 1:00 PM Market Structure flipped bullish on VX Algo X3!
— Yesterday at 1:21 PM VXAlgo ES X1 Sell Signal
— Yesterday at 1:30 PMVXAlgo ES X7 Sell signal,
3:37 PM Market Structure flipped bearish on VX Algo X3!
— Yesterday at 3:50 PM VXAlgo ES X1 Buy signal (triple buy)
Next day plan--> Under 5875 = Bearish with X7 sell signal, Over 5900 = Clearly bullish breakout
Video Recaps -->https://www.tradingview.com/u/WallSt007/#published-charts
OptionsMastery: Sitting at resistance on BAC!🔉Sound on!🔉
📣Make sure to watch fullscreen!📣
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
USDJPY Short: Video WalkthroughHello, this is the video walkthrough on the USDJPY short idea that I posted 7 hours earlier. Price has since moved down so you would either scale in your short position, or do this on a smaller size based on your risk management. But definitely for this idea, the invalidation point, and thus the stop loss, will be if price moves above the wave Y high.
Good luck!
Is PEPE Ready for Its Next Leg Up? Key Support Levels to Watch! PEPE/USDT Analysis: Bullish Trend, Pullback, and Opportunity 🚀🐸
👋 Today, I’m taking a look at the PEPE/USDT chart. We’ve seen PEPE in a strong bullish trend lately, riding a strong momentum wave. Theres a shift at the moment when you look at the broader market—US dollar strength is still in play, and we’re seeing some pullbacks in Bitcoin and other major cryptos. 💵📉
PEPE is starting to pull back. This isn’t a bad thing—in fact, healthy pullbacks are what set up the next big moves. What I’m watching for is a retracement down into a key support zone. If price can hold there and we see a bullish break of structure, that’s my cue to look for a buy opportunity. 🛑➡️📈
The key here is patience. I want to see confirmation that buyers are stepping back in—i.e. strong bullish candles, a clear break of the recent lower high (BoS), or even a spike in volume. If we get that, I’ll be ready to ride the next leg up. Until then, I’m biding my time and letting the market come to me. 🕰️
Remember, no FOMO—let the setup come to you, and always manage your risk.🍀
Slept on Stock of The Market? 100% on $SMCI… or 500% on $SMCX? NASDAQ:SMCI remains one of the most slept on stocks in the market, yet it shows over 100% upside from current levels. Its leveraged ticker, NASDAQ:SMCX , offers up to 500% return potential. My buy zone for NASDAQ:SMCX is $25.52, targeting $36 and $149.
It’s also possibly about to break out of a year-long trend line. And despite almost the entire market moving higher — this one has yet to find its momentum, which I believe it will soon.
I have a high conviction, so I’ll be giving it a shot. Feel free to let me know how you guys feel!
As always, invest safe!
Oil Price Reversal? Why I’m Bullish on WTI Right Now! 🛢️ WTI crude oil is showing renewed bullish momentum. This move is backed by a shift in sentiment following the recent U.S.–China tariff truce and positive trade headlines. While OPEC+ supply increases and elevated inventories remain headwinds, surprise U.S. crude draws and strong jet fuel demand are tightening the market. I’m watching the current retrace. As always, keep risk tight—oil can turn fast! 🚀🛢️📈
$VARA **BRIDGE** Possible GO LIVE date!!! Live Order Flow LEVELSVARA Update!
-Show how to launch bookmap out of Linux.
-Go over levels!
-Odds and Ends!
Bridge will be on main net 2nd or 3rd week of June. This means that we are going to see a lot of movement of coins between now and then so don't be panicing when the circulating supply, staked, and others categories balance start moving.
-After Bridge is live Guardian, VStreet and Gaia will be next!
-Staking rate on NOVA Wallet 34.56% down from 36.87%
4.128 Billion down from 4.131 Billion Staked
2.973 Billion Circulating Supply this up from 2.872 Billion 3 days ago
S&P500 Chasing a Retrace - Waiting for Equilibrium After Rally🗓️ Yesterday, I mentioned watching the S&P 500 for a retrace to find a potential long entry. But with the US-China tariff agreement announced, the market rallied hard 🚀—a clear positive for stocks. We didn’t get much of a pullback, and right now, I see the S&P 500 as overextended. I’m not looking to jump in at these premium levels. Instead, I’m waiting for a Fibonacci retrace back down into equilibrium on the current swing for a better opportunity. 👀
My plan: I’ll watch for a bearish break of structure to signal a retrace, then monitor price action as we approach support. If support holds and we get a bullish break of structure, that’s when I’ll look to get involved. 🔄
Just sharing my idea here—this isn’t financial advice! 📢
BTC Crossroads: Will Tariff News Trigger a Counter-Trend Move?Given the recent easing of US-China tariff tensions, Bitcoin may consolidate or experience a slight pullback as capital rotates into equities. The resulting strength in the US dollar could further contribute to a Bitcoin retracement. I'm watching for a potential counter-trend setup, specifically a short entry on a break of market structure. However, this scenario is contingent on the price action unfolding as described in the video; otherwise, the idea will be invalidated.
Not financial advice.
Tesla - The Next 7 Days Decide Everything!Tesla ( NASDAQ:TSLA ) is sitting at a crucial structure:
Click chart above to see the detailed analysis👆🏻
Despite the -60% correction which we have been seeing over the past couple of months, Tesla still continuously validates its overall uptrend. That's exactly the reason for my strong bullish thesis and the assumption, that after we see bullish confirmation, Tesla will reject the current support area.
Levels to watch: $250, $400
Keep your long term vision,
Philip (BasicTrading)
How to Set Up Multi-Timeframe Analysis (MTF) in TradingViewThis tutorial video explains what a time frame is, why traders use multiple time frames for their analysis, and how to set them up in TradingView for futures and other products.
Disclaimer:
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please trade only with risk capital. We are not responsible for any third-party links, comments, or content shared on TradingView. Any opinions, links, or messages posted by users on TradingView do not represent our views or recommendations. Please exercise your own judgment and due diligence when engaging with any external content or user commentary.
OptionsMastery: Break and Retest on GE.🔉Sound on!🔉
📣Make sure to watch fullscreen!📣
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!