Tesla is not the best investment in the near futureMy vision for the near future. If you look at this MACD chart over a 5-year period, you can see even better that Tesla will enter a long period of decline.
Trend Analysis
AUD NZD SHORT Oportunity Entry: Short at the current market price around 1.10396, as the pair is approaching the resistance zone.
Stop Loss: Place your stop above 1.11800 to limit risk in case the resistance fails.
Take Profit: Target 1.07653, which offers a solid risk-to-reward ratio. This aligns with previous price action and key support levels.
Why This Makes Sense:
Resistance Confirmation: The 1.11800 resistance has been tested multiple times, and price seems to be struggling to break through.
Overbought Conditions: The SMI indicator suggests potential exhaustion of the current upward momentum, adding weight to the reversal theory.
Target Support: The 1.07653 level represents a reasonable support target based on recent price swings and previous lows.
As always, ensure proper risk management, and monitor the market for any further confirmation before executing the trade.
Good luck with your trading, and remember to stay disciplined!
AUD/JPY down trend resume potential As you can see the pull back from previous down trend seems to be exhausted from bears pushing back hard. Wait for candle to break below the low of previous bullish candle and wait for rejection or pull back before entering shorts. Wait for the right timing to surf with the trend
GBPUSD is in the Selling DirectionHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Potential 3rd Wave Extension om China A50🕵️ Analysis on China A50 weekly chart:
📈 Dow Theory : After around 50% drop from its former peak, the index achieved its lowest low (LL) at 10,616.8. It then established two higher highs (2HH) and two higher lows (2HL), with the latest higher low being 12,599.1. From this perspective, the index has a high chance of continuing the uptred and reaching it's former high at 20,603.1.
🌊 Elliott Wave Analysis: During its downtrend, the index exhibited a clear W-X-Y formation, with each of the wave roughly equating 100% of each other. After its termination point, it rebounded with an impulse, followed by a zigzag correction. The correction removed around 80% of its former advance, then bounced back again and made a new high with strong driving force. Then, the price corrected below the peak of the first impulse, so it is assumed that the second impulse and correction waves are at one degree lower.
👉 Now, this environment sets for the event which Elliott wave analysts called a "third wave extension", meaning this rally could be exceptionally powerful, and thus could easily surpass the former peak itself. Using fibonacci extension on log scale, a potential price objective of 23,727.6 is projected.
#ChinaA50 #MarketAnalysis #TechnicalAnalysis #DowTheory #ElliottWave #Impulse #ThirdWaveExtension
long position targeting the liquidityLong position when the candle closes above the daily high targeting the liquidity on 93534.0 $
Second scenario when the price rejection on the FIBONACCI level @ 0.618% and the candle close above liquidity on 86224.0, long position targeting 90618.0, 91647.0,93534.0
NZDCADPrice broke out of strong resistance zone. Making that retest now because of news, if we get bullish confirmations then we look for the next resistance. Watch out for news tomorrow
Bitcoin - 200 EMA is holding Strong#BTC #Analysis
Description
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+ Bitcoin has successfully tested the 200 EMA line and rebounded effectively.
+ However, caution is still advised, as the price may revisit the EMA support line.
+ The strong performance of the EMA is a positive indicator, suggesting the bullish trend could persist after a few retests.
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GBPUSD LONG After liquidating an alltime low back in 2023 GBPUSD has been strongly bullish thought the whole years and before you is a bullish continuation analysis.
I'm expecting price to react from the unmitigated orderblocks for continuation. It's quite self explanatory with the path arrow. I'm expecting new highs this year
AVGO , 50,100,200 DMAAVGO stock with 3 key indicators , 50,100,200 DMA.
A "200 DMA" (200-day moving average) is a key technical indicator in stock market analysis, signifying a security's long-term trend by calculating the average closing price over the past 200 days; if a stock is trading above the 200 DMA, it generally indicates an uptrend, while below it suggests a downtrend, making it a valuable tool for identifying potential entry and exit points for long-term investments.
Solid InvestmentAM is positioned ahead of every other market opponent. The infastructure along with the company plan is rock solid. Im surprised the stock is not already above $20. Im sure we will soon see numbers like that, especially after next earnings 4/24. Its above Fib 24.2 and bouncing off and above it.
USD-CHF Will Go Down! Sell!
Hello,Traders!
USD-CHF is making a
Bullish rebound after a
Bearish breakout but the
Pair will soon hit a new
Horizontal resistance
Of 0.8955 from where
We will be expecting a
Further move down
Sell!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USD Index Drops Sharply – Watching for Reversal SignalsSo far, it has been a rough week for the USD, with the index dropping from the 107 zone to 104 and breaking below the key 106 support level.
However, the DXY is currently seated on strong support, and a relief rally could be imminent.
I’m closely watching for signs of a reversal for confirmation while keeping an eye for short trades on EUR/USD and GBP/USD.
Gold Price Analysis March 6Gold price today will trade in the range of 2928-2900. There will not be enough catalyst for gold to break through this range, at least wait until Nonfarm. When breaking the range of 2929 and 2895, it will confirm a new trend of Gold. The 2915 area until the end of the Asian session cannot be broken, it can push the price up to 2922 - 2928 or if broken, pay attention to the 2912 area for a BUY signal and resistance. Today around 2900 when breaking 2912-2915 and retesting those resistance areas.
Bearish until 98-100K Morning folks,
So, Old Donny euphoria was over on the next day, as we've suggested. ETH was even worse than BTC...
And we're skeptic on coming Crypto Summit tomorrow. What could happen in three days? A lot of speech and empty promises definitely will sound, but where the real deals? Recently. S. Lummis said that BTC Reserve issue is still under question and no guarantees that it will be formed. That's it... Nothing is prepared for BTC Reserve forming. Coming D. Trump talks could shake the market, but that will be only emotions.
Speaking practically, we suggest that until BTC stands under 98-100K area - context remains bearish. We see a few patterns, and this butterfly one of them. If you want to go short - this is the point that you have to think about. Based on the butterfly, the risk is not too big.
If even we will get "222" Sell - setup remains bearish, because upside AB=CD agrees with daily Fib resistance level. Only upside breakout of 98-99K will give BTC theoretical chances to start wobbling in 100-108K range.
Thus, for now we're not ready to speak about BTC buying. Albeit you want to make a bet on Summing euphoria tomorrow.
Ethereum - Wyckoff Events and PhasesThe dominance of Bitcoin is growing. When Bitcoin is growing - altcoins are growing less or without rising. Bitcoin falls - alts fall even more.
Paired with ETHBTC, we see a Wyckoff Distribution Schematic #2. We are currently in Phase D. The price is approaching a support zone. Most likely, there will be some descending trading near this zone. We will form LPST (a last point of supply) and SOW (a sign of weakness). Next, we are waiting for Phase E.
Best regards,
EXCAVO
EURUSD H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price is currently testing our sell entry at 1.0808 that aligns with the 61.8% Fibonacci retracement, which is a pullback resistance.
Our take profit will be at 1.0651, a pullback support that aligns with the 38.2% Fibonacci retracement.
The stop loss will be placed at 1.0933, which is a swing high resistance level.
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NVDA eyes on $113.56: Golden Genesis fib and critical supportWatching $113.56 Golden Genesis fib for critical support.
Reinforced by $111.63 Covid fib for a strong support zone.
Bulls must hold this zone at all costs or it could really ugly.
Previous Analysis that called the TOP
.
EURUSD Technical analysis.EURUSD Technical analysis h1 time frame next move possible. Not financial advise.
EU 20RR LETS SEE!EUROUSD
Amazing trade if this plays out though I do not plan to hold the whole trade on my challenge accounts I will do so on my trading view paper account just to see how this plays out. there is potential for 20RR on this trade.
this model is great for delivering big trades. I have seen 10+RR 15+RR delivered on setups like this. we will see how it plays out i expect this will take several days though.
EURUSD - potential pull back on support areaEURUSD - potential pull back on support area
Attend break of last leg rally for a new potential pull back
Use short size with stoploss and profit in machine we can have a last long spike before the short
HelenP. I Gold can rebound down from resistance zone Hi folks today I'm prepared for you Gold analytics. On this chart, we can observe how the price rebounded from the trend line and began rising along it. Shortly after, the price climbed towards the support level, which aligned with the support zone, broke through it, and then entered a consolidation phase. Within this range, the price retested the broken level before surging toward the resistance level, which coincided with the upper boundary of the consolidation. It even briefly moved into the resistance zone. However, the price then reversed, made a slight correction, and quickly pushed back into the resistance area. Gold traded within the resistance zone for some time before dropping to the support level, breaking below the trend line, and then rebounding. Soon after, it recovered to the trend line but recently reversed and started declining again. In my view, XAUUSD is likely to re-enter the resistance area before reversing and declining toward 2860 points within the consolidation. If you like my analytics you may support me with your like/comment ❤️
