Volumespreadanalysis
Test Again?From the current general shape, this ascent is nothing but a test of the last broken bottom and closed its predecessors.. Therefore, it will complete a decline again after completing the re-test to the shaded area below.
Note: the analysis fails if the price closes in the highest area 0.392
TASIThe Saudi Stock Exchange has not gone up a real rise since the bottom of 2008, and throughout this period it is moving horizontally and faced a drainage area 4 times and could not break it, and it must return again to the demand area to collect and rise strongly and make a new peak equivalent to the rise that took place from the period 2000 to the period 2006
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
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egx30The Egyptian Stock Exchange has not risen since its summit in 2008. A real motive rise has returned.. only a corrective sideways rise, and it must drop strongly in the shaded area in order to end all weakness and gather itself to make a strong motive rise like what happened between 2002 to 2008
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
shorts again?Five historical downward waves were created from the highest peak to the lowest bottom, after which only three upward corrective waves were formed, not a motive, and correspond to wave 4 of Elliott’s law. It is now possible that five more waves will be made to re-test the historical bottom of the currency, including the termination of wave C
What about google stock?The stock descended in wave A, a strong decline, and the rebound was in wave B, and it is possible that wave C will complete a strong five-wave decline, thus completing a triple decline, and then preparing for the rise of a new impulse and making a larger historical peak.
Note.. The scenario fails if the price closes above the $152 area
Another strong drop is comingA historical decline was made in 2006 to 2009, from which the rise took place in three waves, not an impulsive rise, and there are many manifestations of weakness in the rise from the presence of a strong monthly negative divergence, in addition to the weakness of the rise at the historical peak. next big
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XAU/USD Long trade we have an uptrend!I am currently observing a bullish opportunity on the XAU/USD currency pair (gold against the US dollar). The price is around 1936, and I have noticed a positive movement both on the daily chart and the 4-hour chart (H4).
It's interesting to see how the price is behaving in a zone that used to act as resistance but is now acting as support. This support level corresponds approximately to the 0.5-0.6 Fibonacci level.
My trading strategy is long, with a profit target at 1980, which aligns with the previous highs reached. I have placed a stop loss at 1912, just slightly below the previous lows, to manage the risk.
I always remember that trading involves risks, and past analyses do not guarantee future results. I will make sure to manage the risk responsibly and use the appropriate tools to make informed decisions.
I wish myself and all the other participants of Forex48 Trading Academy a successful and profitable trading journey!
Pay attention to the correctionIt is clear that there are signs of severe weakness in the current ascent, and this leads us to decline once again to the shaded area, so that wave 4 of Elliott base forms, from which the market maker and buyers enter strongly to make a new historical peak for the shaded area above.. Then we will update the market. Good luck
Note: the analysis fails if the price closes above the 422 area
One last time downIt is clear that there are signs of severe weakness in the current ascent, and this leads us to decline once again to the shaded area, so that wave 4 of Elliott base forms, from which the market maker and buyers enter strongly to make a new historical peak for the shaded area above.. Then we will update the market. Good luck
Note: the analysis fails if the price closes above the 409 area
USD/JPY BULLISH SETUP WITH ENTRY POINTOn USD/JPY, we have a bullish setup across all operational timeframes. The market experienced a strong impulse around 139. Now, our objective will be to wait for a retracement to around 141.50, where we have a trendline support and a Fvg confluence zone. There are excellent possibilities for the price to bounce and resume its upward movement. Remember always to wait for operational confirmations. Personally, I look for opportunities on the M15 timeframe. Let me know what you think. Happy trading to all! - Nicola, CEO of Forex48 Trading Academy.
GME buy the dip LONGI see GME on the 15-minute chart as being setup for an opportunistic speculative dip buy.
Details and targets are on the chart. The plan is to get about 5% out of an anticipated
rebound off the near-term pivot low. My analysis is the GME will revert to the mean being
the high volume area of the volume profile which is 4% upside with the POC line before
that where trading will ever be buyer dominate for a continuation or seller dominate for
a bounce down. If any shorts bought in the downtrend they will either hold through the
recovery or buy to cover to minimize losses. If the latter, the early beginnings of a short
squeeze could be a foundation of a move higher.
EUR/JPY SHORT TRADE AFTER CPI NEWSOn EURJPY, we have a bearish setup with the price retracing to the 0.5 Fibonacci level at 156.25, where it formed a pin bar. Personally, I used this pin bar as a signal to enter a short position on this trade with a target of 155, which is the previous H4 low. Let me know what you think. Happy trading to everyone from Nicola, CEO of Forex48 Trading Academy.
GBPUSD LONG SETUP AFTER UK NEWSIn GBPUSD, we have a bearish setup with the price reaching the 1.3018 area, where we have a Forex48 block, which is a highly sensitive point for a price reversal and therefore an opportunity for a long entry. Additionally, we have an FVG (Fractal Vertical Gap) that, if confirmed on the M15+H1 timeframe, would provide an opportunity to enter long.
In the first case, the Forex48 block is already validated, but I will wait for an entry at the 50% Fibonacci level of the block in question. Furthermore, I will wait for the entry during tomorrow's London session after the news if there are further confirmations.
Greetings and happy trading to everyone from Nicola, CEO of Forex48 Trading Academy.
GBPUSD LONG SETUP IN H1 - BIG US NEWSOn GBP/USD, we have a bullish setup in the weekly timeframe, with a very weak dollar and a strong pound following the economic news. Currently, we can observe a small price correction heading towards the 1.30 zone, which is rich in potential reaction points. In fact, we have a demand zone with a value gap and a Forex48 Block. At that point, upon confirmation, I will look for a long entry. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
GBPCHF LONG SETUP H1 BEFORE GBP NEWSOn GBPCHF, we have a bearish setup with the price approaching the 1.1350 area where we have a breaker block, which represents a potential reversal zone for a long trade with a target at 1.1413, offering a 1:4 risk-reward ratio. Always remember to seek proper confirmations before entering a trade. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
Update INJUSDTThe Leading Daegonol model was created, and it works as wave 1 out of five upcoming downward motive waves, and it worked as a correction for wave two. It is expected to fall strongly in the third wave, and the last bottom will be in the shaded area below.
Note: the analysis fails if the price closes in the highest area 8.1 usdt
CVNA - Trending but volatileCVNA had broken out of its basing formation neckline (a region between $17- $20) on 8 Jun on huge volume. It hit a high of 28.52 on 16 June before pulling back to retest near the neckline @ 20, then rebounded again from there.
IT's trend is in earlys stage yet with immediate suport @ 20. However be mindful that lower priced stocks tend to have huge volatility (both up and down). Hence it is important to position size accordingly or chose to exit if it pulls back beyond a certain % and wait for entry again once there are signs that the short term correction is over.
Watch out for resistences on the way up around $42 and also around $53+. Also be careful around earning releases.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!