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Wave Analysis

Gold retested as expected, what to do next? Gold rebounded from 3308 in the US market and fell to 3272. The recent market is good-looking but difficult to do. The long and short positions are repeatedly washed. The monthly line basically closed at the cross star. Under the fierce game between long and short positions, the performance was balanced. The short-term hourly line is only a single negative line that fell rapidly, and it does not have downward continuity. The high point of the US market rebound is around 3302. If you want to participate, you can go short when it reaches around 3302. As of press time, gold is accumulating strength around 3293. If you step back below, you can rely on the low point for defense. ⭐️ 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
OANDA:XAUUSDShort
by Labaron
1
The latest gold trend analysis strategy on June 2 Core influencing factors Dollar trend: The rebound of the US dollar index suppresses gold prices, but if the PCE data is lower than expected, the US dollar may fall back and provide support for gold. Fed policy expectations: The market's expectations of interest rate cuts this year (currently priced at about 2 times) may limit the downward space of gold prices, but we need to be wary of hawkish rhetoric disturbances. Risk aversion: Trade situation and geopolitical uncertainty may intermittently boost gold demand. Technical key positions: $3300-3310 is a strong resistance zone, and $3260-3250 is short-term support. Market outlook Bearish signal: The daily level failed to stand firm at the 3300 mark, and the 1-hour moving average turned downward, with short-term momentum biased to the bearish side. If the US dollar continues to rebound or the PCE data is stronger than expected, the gold price may fall to the 3260-3250 support range. Bullish signal: If PCE data is weak or risk aversion heats up, gold prices may test the 3300-3315 resistance zone again. Under the wide range of fluctuations at the monthly level, the buying support below 3260 may be strong. Operation strategy Short-term trading: Short-term opportunity: When the rebound to the 3305-3315 range is under pressure, short with a light position, stop loss above 3320, target 3280-3265. Long order opportunities: If it pulls back to the 3260-3250 area and stabilizes (such as the K-line shrinks or a hammer line appears), you can try long orders with a stop loss of 3240 and a target of 3280-3300. Mid-term layout: If it effectively falls below 3250 at the beginning of next week, it may open up the downward space to 3220-3200; on the contrary, if it stands firm at 3315, it will look up to 3340-3360. Risk warning: Market volatility may increase after Friday's PCE data, so be alert to rapid reversals. Avoid chasing ups and downs, and pay attention to changes in volume near key positions. Key points Resistance: 3305-3315 (strong if broken), 3340 (previous high) Support: 3280 (intraday), 3260-3250 (strong and weak boundary), 3220 (medium term) Summary: Gold is short-term technically bearish, but fundamental support is still there. It is recommended to treat it with a volatile mindset, focus on the breakthrough direction of the 3300-3260 range, and be cautious in holding positions before and after the data.
FOREXCOM:XAUUSDShort
by Golden_Line_FX
1
BTCUSD 4HThis chart presents a bearish setup for Bitcoin (BTC/USDT) on the 4-hour timeframe, shared by "Alpha_Gold_Trader." Here's the key breakdown: --- Chart Breakdown Current Price: Around $105,857 Resistance Zone (Register Point Level): ~$109,000 to ~$111,500 Support Zone (Breakout Level): ~$106,500 to ~$107,500 (pink box) Bias: Bearish (implied by breakdown and downward projection) Price Target: Around $95,000, labeled as "TARGET SUCCESSFUL" --- Technical Implication Price has broken below the support zone marked in pink. A retest of broken support is anticipated before continuation down (common in breakout setups). The setup suggests a short trade if price fails to reclaim the broken support and confirms rejection. --- Trading Strategy Outline Entry: Near $107,000 (on failed retest) Stop Loss: Above $108,500 (back in the previous range) Take Profit: ~$95,000 (target zone)
Short
by Alpha_Gold_Trader
1
AUDJPY Trading Opportunity! SELL! My dear subscribers, This is my opinion on the AUDJPY next move: The instrument tests an important psychological level 93.501 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 92.966 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
Make Up Your Mind Already, PSEi!Since 2020, the PSEi has been trading within a range between 5,700 and 7,600. I have been tracking the 5-year consolidation via various 3-wave corrective waves. If the count is correct, we should be close to a capitulation of sorts before the next big move. After what I count as the completion of both Wave b circle and Wave (i) of the larger Wave c circle, I think we are a couple of months away from the completion of Wave (ii) (refer to shaded square area). If this is indeed a Wave (ii), then what follows after its completion is a convincing decline that will likely pierce through the 5-year support level of 5,700. Such price action will signal the start of a mediium-term bear market for the Philippine market. Furthermore, chart pattern-wise, you can see in the Weekly Chart a possible Double Top forming by considering the 2022 and 2024 highs (7,500+) as the corresponding tops. Although it is less probable, the alternative move would be for the PSEi to break above the current consolidation (shaded square area). More price action is needed to determine whether this alternative move will signal the start of a more sustainable bullish move. Too early to say; hence, I believe this move to be the less probable scenario. Therefore, I continue to watch the PSEi; especially as it moves closer to the 5,700 area. The bearish scenario continues to be my personal bias since the current market consolidation (shaded square area) remains to be nearer to the low-end of the 5-year range.
PSE:PSEI
by CheeseBun_Please
1
SPX500 – Fibonacci Breakdown Hints Deeper Correction AheadThis 1H SPX500 setup highlights a potential bearish continuation pattern following a clear rejection from the 0.618–0.786 Fibonacci retracement zone. Here's a breakdown of the trade thesis: 🔍 Analysis Summary: Fibonacci Cluster Rejection: Price failed to reclaim 5,921.31 (key resistance) and sharply rejected from the 0.618–0.786 retracement zone. Bearish Market Structure: Lower highs formed near the .618 Fib, followed by a strong impulsive sell-off. Liquidity Zone Below: The price is targeting the previous demand block near 5,796.99, a major structural liquidity zone. Measured Targets (Fibonacci Extensions): TP1: 1.236 @ 5,844.09 TP2: 1.618 @ 5,796.99 TP3: 2.0 @ 5,749.35 📌 Trade Setup: Short Entry Zone: 5,915 – 5,921 (retest of resistance) Stop Loss: Above swing high at 5,932 Take Profits: TP1: 5,844 (partial close) TP2: 5,796.99 (main target) TP3: 5,749 (optional extension) 🧠 Macro Consideration: With Fed rate uncertainty and bond market fragility, equities may be vulnerable to deeper retracement as institutions de-risk. Volatility remains elevated heading into month-end—be flexible and risk-aware. 📊 Evidence Supporting the Hypothesis Resistance at 0.618 Fibonacci Level: The SPX has approached the 0.618 Fibonacci retracement level, a critical resistance point. A failure to break above this level could indicate a potential reversal or continuation of the downtrend. Historical Significance of 0.618 Level: Breaking below the 0.618 Fibonacci support level often signals a continuation of the downtrend, as it is a significant retracement level in technical analysis. Stalling at Key Fibonacci Target: The S&P 500's recent rally has stalled near a critical Fibonacci retracement level, raising questions about whether the market is entering a new uptrend or merely experiencing a bear-market bounce. 📉 Implications for Traders Bearish Continuation: The inability of the SPX to surpass the 0.618–0.786 retracement zone suggests that the recent rally might be a temporary correction within a broader downtrend. Potential Targets: If the bearish trend resumes, traders might look for support levels at the 1.236, 1.618, and 2.0 Fibonacci extension levels, aligning with the previously mentioned targets of 5,844.09, 5,796.99, and 5,749.35, respectively. Risk Management: Given the current market volatility and the significance of these Fibonacci levels, traders should employ strict risk management strategies, including setting stop-loss orders above recent swing highs and monitoring for confirmation signals before entering positions. In summary, the SPX's struggle to break through the 0.618–0.786 Fibonacci retracement levels, combined with historical patterns and recent technical analyses, supports the hypothesis of a potential bearish continuation. Traders should remain cautious and consider these technical indicators when making trading decisions. 📊 Wavervanir International LLC | Discretionary + Quant Hybrid Risk Management
FX:SPX500Short
by Wavervanir_International_LLC
4
Tracking a pattern that could signal the Top is In I am tracking a micro pattern with the new local high made in the ES last night and today's price action as a micro 5-down....we should get a slight retrace into the 5960 ish area. Maybe tomorrow...maybe in the overnight session tonight. If price can then breach todays micro low of 5884 in the ES futures...we need to then follow through with a breach of 5857 to give us our first indication, we may have struck a top. From there I am following 2 counts...Purple, or my primary count which is a minor C of Intermediate (A). Best to all, Chris
CBOE:SPXShort
by maikisch
2
As volatility remains elevated, keep an eye on Bitcoin 2025 Bitcoin prices remain stuck between $107,000 and $110,000 as traders look ahead to potential market-impacting announcements from the Bitcoin 2025 conference in Las Vegas. Heightened near-term volatility suggests caution, with historical precedent prompting defensive positioning. Traders brace for impact ahead of Bitcoin’s biggest annual gathering Bitcoin’s price action has been noticeably subdued, trading in a narrow range of $107,000 to $110,000 even as traditional stocks experienced a strong rally last Friday. Institutional demand for Bitcoin spot ETFs continues to provide fundamental support, according to the latest insights from QCP. However, the continued increase in front-end implied volatility suggests traders are positioning around potential headline risk from the upcoming Bitcoin 2025 conference in Las Vegas, which will be held from May 27 to 29. The conference will feature some notable names, including U.S. Vice President JD Vance, Michael Saylor, Donald Trump Jr., and Eric Trump. This high-profile gathering is similar to the Nashville Bitcoin Conference last July, when President Trump's keynote speech coincided with a spike in implied volatility to over 90 on the same day, followed by a nearly 30% two-day drop in Bitcoin prices. While a similar retracement is unlikely, current market positioning suggests a defensive bias. Open interest in perpetual contracts has declined and funding rates have normalized over the past 24 hours. Notably, some high-beta retail traders, such as James Wynn, have scaled back their exposure. The need for short-term downside protection remains a focus. In the short term, Bitcoin is expected to remain range-bound. Once the conference is over and key speeches are completed, front-end implied volatility is expected to contract as risk premiums fade.
BITSTAMP:BTCUSD
by FredericaCrichton
2
SPX - June ProjectionsMay showed price heading back up to the high. This is four months now from the previous top. Generally for a major top to exhibit itself, it might take only three months to test. Four months is also not uncommon so it is possible that today's close will be last positive monthly close in a while. I expect that the price will continue to rise, probably above the 6010 level of the last monthly closing high. If price surpasses the previous monthly close high, I will be watching for a turnaround, with prices eventually closing out June to the downside. To me, based on the 40-month moving average. I have noticed that usually waves 2 and 4 have strong support at the 40 month moving average, where more major corrections will see price go below it. As price just came down to that level and didn't break it, we are in or have finished a wave 4. I'm still looking for lower prices assuming that this wave 4 to be a Flat with more sideways action ahead. Currently short SP
SP:SPXShort
by AssetDesign
1
CLSK / 2hAs anticipated NASDAQ:CLSK continued to decline of 21%, since the May high >> 11.04 so far. It would be considered just as an initial development of correcting down in Minute degree wave ii (circled). Wave Analysis >> Exceeding and closing the day under the boundary line of the leading diagonal confirms that the correction in wave ii (circled) is quite well underway. It will take a few weeks ahead. The first retracement target >> 7.93 #CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
NASDAQ:CLSK
by ElliottChart
1
Tesla Stock Analysis: Anticipating a Dip Before a Surge to $366Currently, Tesla's stock is trading around $298, and I'm expecting a slight retrace downwards towards the $250 to $268 price range. From that area, I anticipate a rally upwards, targeting the $366 area. In summary: Current Price: Around $298. Expected Retrace: To the $250 - $268 range. Expected Rally: Towards $366. Please remember that this is just an analysis and a forecast, and the stock market is unpredictable. Always conduct your own thorough research before making any investment decisions.
NASDAQ:TSLA
by Ttrade-With-Logic
10
Bitcoin is correcting to support. Possible growth to 110.000Bitcoin failed to hold above 110000, but at the same time the price is forming a flat. The support has not been tested yet (the cascade of orders below the level has not been touched) and within the uptrend the area of 106700 plays an important role. Based on bitcoin is inside the flat you can consider trading between its boundaries. Scenario: Within the current movement, the price is likely to form a retest of the 106700 support with the aim of liquidation and accumulation inside the flat. False break of support may attract buyers and in this case bitcoin may test 110000 again.
Long
by AndeWave
5
XRP Approaching Key Support – Critical Level to HoldXRP is nearing a significant support zone, marked by the monthly level at $2.09. This level has considerable structural importance and has acted as a pivotal point in the past. Holding this area is essential for maintaining the broader bullish market structure, which remains intact despite the recent correction From a technical standpoint, the current move appears to be a corrective phase rather than a structural breakdown. A bullish retest of the $2.09 level is expected to attract demand, potentially serving as a launching point for a renewed upward move. Adding to the strength of this zone is the presence of the value area low, which provides further confluence and supports the argument for a strong demand zone. Should XRP successfully defend this level, attention will shift to the next major resistance at $2.40, which represents a key weekly support/resistance (SR) flip. This level has served as an inflection point in the past and now stands as the most immediate hurdle for bulls. A clean break and close above $2.40 would confirm the continuation of the bullish trend and likely bring the all-time high back into play as the next major upside target. In summary, XRP’s technical outlook remains bullish as long as it holds above the $2.09 monthly support. The confluence with the value area low enhances the probability of a bounce from this zone. A successful defense here and a push through the $2.40 weekly SR could trigger a renewed rally, targeting higher levels. This area marks a buy-the-dip opportunity for traders aligning with the macro trend, provided support holds firmly.
by The_Alchemist_Trader_
EURUSD My Opinion! BUY! My dear friends, Please, find my technical outlook for EURUSD below: The price is coiling around a solid key level - 1.1282 Bias - Bullish Technical Indicators: Pivot Points Lowanticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.1325 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
3