POL PROBABLY IN WAVE 'A' OR '1'This is an update on our POL wave count shared earlier, we have modified the wave count looking at the formations and excluded the possibility of the current wave being a wave C.
If the wave count is correct then we are in 5 or Y of wave 1 or A.
With reference to my last idea of POL in which we got greedy and took a loss on 50% of our positions and are still holding 50% of the long positions for long term. Since are preferred wave count is still showing some downside which can reach 500-475 range and even further, It is not wise to just let our investment sit there and wait for the upward movement which can take months from now. Therefore we have decided to hedge our current position with a small portion of short sell in POL futures.
Will share the short sell trade setup tomorrow morning
Let see how this plays, Good Luck!
Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.
Community ideas
The SPX Sell Off at 5500Hi all,
It has been a while since we posted as we waited for a really good trade setup. The SPX is hovering at 5500 and we believe it is the right level to sell.
1) There is a shark pattern at this level
2) RSI is overbought on every time frame except H4 and D1
3) There are smaller patterns to sell
4) There is very strong structural resistance at 5510 to 5520
The first target will be 5306 which has a great risk to reward of 1:5.
We will wait for M15 divergence and a trend line break to enter.
POL: The Return of The Matic#POL recently bounced in what could be a bullish reversal, possibly marking the end of a 3-year corrective major wave (4).
If the $0.151 low holds (stop-loss), a massive bull run shall start for #MATIC.
Passing $0.768 confirms the bullish idea of targeting the ATH.
#Polygon
Bullish continuation?XAG/USD is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 33.02
Why we like it:
There is an overlap support level.
Stop loss: 32.21
Why we like it:
There is a pullback support level that is slightly below the 23.6% Fibonacci retracement.
Take profit: 34.51
Why we like it:
There is a pullback resistance level.
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EURJPY Massive Long! BUY!
My dear friends,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 161.30 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 161.68
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
BTC Dominance % : Key zone watch
BTC.D is still respecting its upward channel since mid-2022, currently testing the upper boundary ~64%.
🟡 Potential pullback on the table, targeting mid-range or lower channel support (~60%).
📌 This could hint at:
🔄 A short-term ALTcoin relief rally if dominance pulls back.
🛑 Or possible Bitcoin consolidation while alts catch up.
EMA 61.40% acting as dynamic mid-range support.
Stay sharp — dominance shifts often lead the broader crypto rotation.
Opening (IRA): TLT June 20th 79 Short Put... for a 1.61 credit.
Comments: High IVR. Starting to ladder out here, selling the 25 delta put ... .
Since I'm interested in acquiring more shares at 85 or below, I may let this run to expiry or approaching worthless (e.g., .05) ... . Can't believe it breaks 84.50 (which would be correspondent with a 5% yield on the 10-year T note), but you never know in this environment.
aave short to $158.3 areaJust hopped into a aave short. I think the market is quite high right now and is in need of a correction and it seems which I think will likely happen to night.
MUltiple times price tried to break higher but more supply kept coming in. HHs kept failing.
Also its probably more ideal to short in the nights as in the day everyone is quite bullish or uncertain and lots of news be coming out to interfere with price action
GBPUSD InsightHello to all our subscribers.
Please share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- President Trump continues to state that negotiations with China are going well, but the Chinese side has expressed that “the U.S. and China have neither consulted nor negotiated on tariff issues, let alone reached any agreement.”
- Peace talks between Russia and Ukraine are facing difficulties, and President Trump told reporters that he is strongly pressuring Russia to enter into peace negotiations with Ukraine.
- Federal Reserve Governor Christopher Waller said, “If the labor market begins to deteriorate significantly, we expect more rate cuts to occur sooner.”
Key Economic Events This Week
+ April 25: Australian stock market closed
GBPUSD Chart Analysis
The pair had been in an uptrend and recently reached resistance at the previous high of 1.34000 but failed to break through and is now declining. This downtrend is expected to continue in the short term toward the 1.31500 level, where a new directional move is likely to be determined.
LINKUSDT - Time to consider Alts more seriously?Is it time to reconsider Alt coins with some more sincerity? Notoriously up and down in the past, are top Alt coins set to experience some sustained gains over the coming years? Time will tell.
For now, our team has identified an opportunity within LINKUSDT, where momentum may very well be turning to a 'bullish' rating should price be able to hold current levels - Caution as always is warranted.
We do however see elevated risk of 'bearish' momentum coming into play below the $14.00 mark.
We're inspired to bring you the latest developments across worldwide markets, helping you look in the right place, at the right time.
Thank you for reading! Stay tuned for further updates, and we look forward to being of service along your trading & investing journey...
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Opening (IRA): SPY May 16th 385 Short Put... for a 4.04 credit.
Comments: High IVR, >21 IV. Sticking a little pickle in here, targeting the strike paying around 1% of the strike price in credit which is quite a bit out of the money at the 8 delta.
Metrics:
Buying Power Effect/Break Even: 380.96
Max Profit: 4.04
ROC at Max: 1.06%
50% Max: 2.02
ROC at 50% Max: .54%
QQQ FORECAST Q2 FY25: 13% RECOVERY APRIL FOOLSlike comment follow all the signals here are lit
comment your instrument below ill analyse it bonds crypto etf reits all dat paperwork
The recovery was swift exactly at our $16811 price level (great bargain) if you watched last call
now im calling bluff on this 90 day hype stop loss above entry targets set
there might be a bullish continuation by the mid point narrated by the path line
$17709 if confluence presents itself and necessary events present themselves im hopping out and longing these tariff games can go anyway in a heartbeat
S&P at 7474 in 2 years?Last couple of moves down have been 1300 points, followed by 2600 or 2x moves to the upside.
Covid was a little shallow but had the same sized upward move.
My hypothesis is that Tariffs and the uncertainty the current administration is creating will create something in-between the covid V shape spike/bounce and the Jan 22 - Oct 22 down turn followed by the Oct 22 - Dec 24 highs. That down move retraced about 50% after touching or establishing the trend, chopped around, went down to trendish area, chopped around, made a head and shoulder pattern of sorts, then started it's move back up. This time it's not exactly caused by a virus... and I think the trade uncertainty will take longer to untangle, not to mention the devaluation of the dollar, bonds potentially being weaponized by foreign actors, etc. etc.
[ TimeLine ] Gold 21-22 April 2025Hello everyone,
📅 Today is Monday, April 21, 2025
I will be using the High-Low price levels formed on the following dates as reference points for potential trade entries:
📌 April 21, 2025 (Monday)
📌 April 22, 2025 (Tuesday)
🧠 Trading Plan & Notes:
✅ Gold has broken its ATH multiple times over the past two weeks —volatility remains high
✅ The range formed on April 21 is approximately 3331 to 3430 — a massive 1000-pip zone
⚠️ Due to the large range, reversal entries or trades based on Fibonacci levels may be more appropriate
✅ I will personally trade both signals as part of my ongoing research and strategy
⚠️ If you're unsure or risk-averse , consider skipping April 21's signal
📋 Execution Plan:
🔹 Wait for the price range from the candles above to fully form ( marked with green lines )
🔹 Entry will be triggered upon breakout, with a 60-pip buffer
🔹 If the trade hits Stop Loss (SL), switch direction and double the position size on the next valid entry for potential recovery
📉📈 Chart Reference:
x/lgXVOC2u/
#GLMR/USDT#GLMR
The price is moving within a descending channel on the 1-hour frame and is expected to continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support area at the lower boundary of the channel at 0.0690.
Entry price: 0.0713
First target: 0.0730
Second target: 0.0750
Third target: 0.0774
#GLMR/USDT#GLMR
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards and retest it
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.0963
We have a downtrend on the RSI indicator that is about to break and retest, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.0977
First target 0.0990
Second target 0.1008
Third target 0.1030