Get started

Short-long-short

NEARing the bottomRecently, I made an analysis on NEAR where it was trading within an ascending channel. It traded inside it for a short amount of time but eventually broke out of that channel and has been trading within the descending channel shown above. I expect that NEAR will continue to trade inside this channel for the short-term but is approaching a short-term support zone at ~5.17. If it holds, NEAR can push toward the upper bound of the descending channel. If the support does not hold, NEAR can continue trading downward in the channel until its next major support zone at ~4.57. As always, this is not financial advice and all information is for educational purposes only. Please feel free to leave any thoughts and comments below.
by kush23456
Theory 3 of 3 for SPX--MOST LIKELYI have narrowed the likely future paths down to 3 theories. THEORY THREE: Current position is Primary wave 4 of Cycle A of Supercycle 2. Theory 3 is on a faster path while the wave structure is similar to Theory 2. The preliminary bear market bottom would be in somewhere between Election Day 2024 and March 2025. The path for the next month would see the market move up for a few more weeks as it attempts to finish Primary wave 4 (SKY BLUE). It appears Intermediate wave A (PINK) has concluded and it is even possible the low 2 days later was the end of Intermediate wave B down. It remains possible for further downswing this week to complete Intermediate wave B but it likely will not pass below the June low at 3636.87. Wave B CAN go below this level but it would bounce above it quickly. Early models have Primary wave 4 lasting around 28 days, we are 9 days into it so far. IMPORTANT MOVES: There are no duration restrictions on future movement at this time. A break above 3945 before a drop below 3636 would continue to keep this theory in play. PROS: This model appears to be riding election cycles. After Primary wave 4 ends, the market will swoon down again for a few more months with the bottom occurring around October/November this year. The 6-12 months afterward would move up before the final leg down takes the market to around 2400. The correction at the beginning of the millennium saw the overall decline last for about 9 years (March 2000 – March 2009). This was a larger macro event then our current correction. A 2-4 year correction makes more sense for this micro wave set we are likely in. CONS: Negatives are not glaring with this model at this time.
SP:SPX
by StockSignaler
XAUUSD, 4h, Short-Term & Mid-Term analysisNow gold it's indecision, Short-Term (Bullish) if gold could break support 1466 there is possibility could test the next support in 1453 if bull in power than the market would be tested to strong resistance at 1478 Mid-term (Bearish) 1478 it's a very good position to taking short my short target it's 1440 or possible to reach fibonacci target 1417 This could happen if trade war US-China phase one, it's done Comment below if you have other opinion Like it if you Like it
FX_IDC:XAUUSD
by MichaelTawas
USDCAD current short-term ideasHi guys this isn't one of my usual pairs but I have found 2 potential short-term set ups on the USDCAD. These involve: Sell @ 132.75 area Buy @ 131.95 area I use the same format for all my trades, with a single 50 pip stop-loss and 3 take profits at +30, +50 and +100 pips unless I see a potential for a bigger final take profit. This is not a signal; just my analysis. Bare in mind they are both medium-risk trades, however I do think the sell is a nicer set-up.
by luc_nicfx