LOTCHEM PROBABLY IN WAVE ' X ' OR ' Y ' OF A CORRECTIONAs per our preferred wave count LOTCHEM is in wave Y which should take prices further down toward the 13 level and if bearish trend stays strong then even 9.50 is on the cards, however prices need to break below 15.53 level first.
Alternately prices can still be in X wave and will take prices further up towards 25.40 - 27.40 range and if the bullish trend stays strong 31 level is also at hand, however prices will have to break above 20.20 level first.
As the overall momentum of the PSX is bearish and our preferred wave count is bearish, We will activate short sell trade once price close below the red trendline on the daily chart.
Incase prices never close below the red trendline and starts rising, We will enter long position at 20.20 targeting 25.40 range. I will share stop loss for the trade setup once our trade gets actived
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.
Wave Analysis
Bitcoin: Weekly Bullish Continuation🟠 The weekly divergence between the March 2024 and January 2025 peaks has driven the recent 3-month decline.
🔴 BTC is expected to make a weekly move higher, creating another divergence in the way.
🔵 BTC held above the 2024 peak range 73K without overlap, while the Stock RSI has completed a full reset, reinforcing the bullish momentum.
🟢 Outlook: Over the next 6 months, Bitcoin CRYPTO:BTCUSD is expected to rally into new ATH, with a potential target around 127K by October 2025.
GOLD → Trend reversal, downward distribution, and new targetsFX:XAUUSD breaks through 3270 and enters a distribution phase amid a rising dollar. We are most likely at the beginning of a trend reversal...
On Thursday, gold remains under pressure, trading at a two-week low, as the market reacts to Trump's statements about potential trade agreements with a number of countries, including China. Optimism surrounding the negotiations is boosting risk appetite, reducing interest in gold as a safe-haven asset. Even weak US GDP and inflation data failed to halt the rise in gold prices, as traders' attention is focused on the trade agenda and upcoming labour market statistics.
Gold is changing its trend due to the rise of the dollar and a shift in the fundamental background. A breakout of the local low could reinforce the decline. The first target is 3190. There is a possibility of a retest of the previously broken consolidation support at 3268 before the decline continues.
Resistance levels: 3245, 3270
Support levels: 3190, 3186, 3167
A breakout of the local low of 3221 could trigger a further decline. The first stop could be around 3190. From this level, a small correction or consolidation may follow before the decline continues.
I do not rule out the possibility of a retest of 3245-3270 before the decline continues.
Best regards, R. Linda!
US500 - Long-Term Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈US500 has been overall bullish trading within the rising channel marked in blue.
Moreover, it is retesting its previous all-time high at $4,800 and round number $5,000.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of previous ATH and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #US500 approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Gold 3213 and 3272 are space switching points
📌 Gold information
The US non-farm payrolls report released this Friday (May 3) will become a market vane. If the employment data deteriorates significantly (such as the sharp drop in private employment growth shown by ADP), it may strengthen the expectation of interest rate cuts and promote the rebound of gold; on the contrary, if the data is stable, the US dollar may further suppress the price of gold.
The intraday decline in gold prices seems to be partly driven by technical selling pressure, after gold prices decisively fell below the key support level of $3,265-3,260. However, due to the unexpected contraction of US GDP and the intensification of signs of slowing inflation, the market's expectations for further interest rate cuts by the Federal Reserve (Fed) have increased, and the US dollar (USD) has found it difficult to maintain any significant rebound.
📊Comment Analysis
Gold price rose strongly by $544 in April. It entered the mode of space sweeping and adjustment from the confirmation of 3500. The next move is to sweep the range of the large range, starting at at least $40, and the range is $100, sweeping back and forth
💰Strategy Package
🔥Sell gold area: 3270-3272 SL 3277
TP1: $3260
TP2: $3250
TP3: $3240
🔥Buy gold area: $3178 - $3176 SL $3171
TP1: $3185
TP2: $3200
TP3: $3210
⭐️ Note: Labaron hopes that traders can properly manage their funds
- Choose the number of lots that matches your funds
- Profit is 4-7% of the fund account
- Stop loss is 1-3% of the fund account
Navigating the Next Trend MoveOverall Trend:
The price shows a clear uptrend, as indicated by the ascending channel (sloping yellow lines). The price has been respecting this channel, with higher lows and higher highs.
Support and Resistance:
Support: The 19,734.2 level (marked on the chart) has acted as a key support. The price bounced from this level after a correction.
Resistance: The 19,849.6 level (also marked) appears to be a resistance zone, as the price has shown difficulty breaking above it on a sustained basis.
Projection: The price is approaching potential resistance at 20,072.9, which could be a target if the uptrend continues.
Indicators:
200-period EMA (blue line): The price is above the 200-period EMA, confirming the uptrend on this timeframe. The EMA is around 19,889.4, acting as dynamic support.
Patterns and Structure:
The price has broken out after consolidating near the 200 EMA and the support at 19,734.2, suggesting that buyers are in control.
Possible Scenarios:
Bullish Scenario: If the price breaks the resistance at 19,849.6 with increasing volume, it could head toward the target at 20,072.9. This would confirm the continuation of the uptrend within the channel.
Bearish Scenario: If the price fails to break above the resistance at 19,849.6 and confirms the pin bar with a downward movement, it could correct toward the support at 19,734.2 or even the 200 EMA at 19,889.4.
Trader Recommendation:
Long Entry (Buy): Wait for a breakout and close above 19,849.6 with confirmation (e.g., a strong bullish candle or increased volume). The target would be 20,072.9, with a stop loss below 19,734.2.
Short Entry (Sell): If a rejection at 19,849.6 is confirmed (e.g., with a bearish candle following the Pin Bar), consider a sell entry with a target at 19,734.2 or the 200 EMA, placing a stop loss above 19,849.6.
Conclusion:
The US 100 is in an uptrend, but the resistance at 19,849.6 and the Pin Bar suggest caution. Traders should wait for confirmation before entering positions, either to take advantage of the bullish continuation or a possible correction. Managing risk is key, especially on a 15-minute time frame, where volatility can be high.
GBP/USD Technical Analysis: Uptrend with Key Support at 1.3131 Based on Elliott Wave analysis, GBP/USD is currently in an upward trend 📊.
The critical support is at 1.3131 🛡️ — as long as the price holds above this level, the path remains open toward 1.3777 and 1.4151 🎯.
This zone is crucial for maintaining the bullish structure, so keep a close eye on it! 👀
Possible reversal of this bullish wave...(LOG)Orange circles highlight repeated price rejection and the formed doji that suggests a slowdown in a bullish wave and potential reversal. The confluence of the descending trendline and horizontal supply/resistance zone creates a high-probability reversal or breakout from this triangle.
If the price rejects again from the current supply zone and triangle, short setup toward the Fibonacci retracements or demand zones (18300 and below).
If the price breaks above the descending trendline, bullish continuation will likely target 20,000+ (Swing H).
Trend remains down.
Entry 19300
TP 18300 below
Target 14k.
FARTCOIN → Moving into the realisation phase. A rally?BINANCE:FARTCOINUSDT.P has entered the buying zone, or the realization phase, after breaking through the resistance of the ascending triangle. The altcoin is within an upward trend.
Bitcoin continues to consolidate ahead of a possible rise. FARTCOIN has entered the buy zone at this time. The realization of Bitcoin could trigger continued growth in altcoins
FARTCOIN is entering the realization phase after consolidating within an uptrend and an ascending triangle. The coin looks quite positive overall, but a retest of 1.2100 may form before growth.
Resistance levels: 1.2933
Support levels: 1.0719, 1.0632
There is significant resistance ahead on D1, and a small correction to the nearest liquidity zone at 1.2097 may form. However, consolidation against 1.2933 is expected before a breakout and continued growth.
Best regards, R. Linda!
ZIGZAG wave-c has startedContinuing the previous gold analysis
It seems that wave-(b) is turning into a normal zigzag and wave-c has started from the zigzag. Wave-c of this zigzag could end in the range of $3200-3216 or $3104-3118.
After the zigzag ends, we will have another upward movement in gold.
Cardano: Low Ahead!According to our primary scenario, Cardano's ADA coin should imminently pull back toward the support at $0.31 to finally complete the blue wave (ii). With this low in place, we see the altcoin breaking out above the resistance at $1.32. If the price manages to rise above this mark without forming a new low first (33% likely), we will have to assume that wave alt.(ii) in blue is already complete.
Elliot Wave B then C on 4hrTo confirm a low is in and Wave B’s final leg is starting:
✅ 15M CHoCH – Price must break previous lower high (LL > HL shift).
✅ Bullish volume surge on breakout.
✅ Higher low retest (entry zone).
✅ RSI breaks above 50.
This would line up with a reversal inside your 4H Demand/Reaction Block, adding confluence from both timeframes.
XAUUSD- Signal to go down - 24/04/2025- With any macro economy problem, Gold & BTC are always the key asset to to shelter cash flow.
- From Gold H1 chart, It showed strong selling pressure recently. A short plan is reasonable with Gold. Of course, any plan can be wrong, but as a trader & value investor, we have to have the plans to deal with it and prepare to buy more good stocks, assets
- Explain the chart as - NCI system:
1. Strong momentum comes to down key level of H1
2. Big money comes in, Key level has not broken yet. But high probability Gold will go down.
3. Zone & Trend are shown on chart. Please refer on it for more detail
This analyzation is my personal view as a trader - investor, it's not a recommended deal.
GOLD - at his final support, holds or not??#GOLD. market just reached at his final supporting area of the week and month that is around 3265-70 with a pervious week low of 3259
keep close the region because if market break that region then we can see a further drop towards downside next supporting areas.
good luck
trade wisely
Hellena | GOLD (4H): SHORT to 38.2%-50% Fibo lvl 3228.Colleagues, last week we got a stoploss, but I still believe that we should expect a correction in wave “2”. We will try to catch this movement this week.
I believe that the price will correct to the area of Fibonacci 38.2% - 50% levels (3228.41).
Perhaps the price will slightly renew the maximum of wave “1”, reaching the level of 3438. In this case I recommend to work with pending limit sell orders.
And some data:
The prevalence of bulls according to CME reports additionally increased by 13%.
The 23% increase in market volume, meanwhile, indicates a likely strong momentum pattern during the trading week.
Despite the 13% increase in buyers, selling patterns towards the balance level of the week (3200.00) are recommended for the current trading week.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | SPX500 (4H): LONG to resistance area of 5682.Colleagues, I think that the deep downward movement is over and at the moment I expect an upward movement in a five-wave impulse. At the moment I expect a correction in wave “2” to the area of 5100, after which I expect the development of wave “3” at least to the resistance area of 5682.
There are two possible ways to enter the position:
1) Market entry
2) Pending Limit Orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
XAU/USD 01 May 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Analysis and bias remains the same as analysis dated 23 April 2025
Price has now printed a bearish CHoCH according to my analysis yesterday.
Price is now trading within an established internal range.
Intraday Expectation:
Price to trade down to either discount of internal 50% EQ, or H4 demand zone before targeting weak internal high priced at 3,500.200.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed as per my analysis dated 24 April 2025 by targeting weak internal low and printing a bearish iBOS.
Price has subsequently printed a bullish CHoCH to indicate, but not confirm bullish pullback phase initiation.
Internal structure is now established, however, I will continue to monitor price regarding depth of pullback.
Intraday Expectation:
Price to trade up to either premium of internal 50% EQ, or M15 supply zone before targeting weak internal low priced at 3,221.320
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
Trump's tariff announcement will most likely cause considerably increased volatility and whipsaws.
M15 Chart:
Reliance Reliance Cmp 1394
this is daily chart of reliance...
looking at the chart,
this are my wave counts on reliance....
we are in wave c of wave B....
I am expecting reversal from current levels or from the marked levels...
we can soon see wave C moving down and retesting new low as 1st tgts ....
Just a View!!!
Vedang ! :)
Discliamer: Chart is for study purpose only!!!