Render looks intresting!I think we are at the end of correction wave and next impulsive wave is on the way. Divergence is obvious.
R:R at least 5.
Wave Analysis
DOGE New Update (3D)This analysis is an update of the analysis you see in the "Related publications" section
It seems to be forming a large diametric pattern. Currently, wave F is completing.
Wave F is a bearish wave.
Upon reaching the green zone, we expect the price to bounce upward.
A weekly candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Cheaper Gold in Coming weeks.Bear took control after weeks of bullish rally, short the pull back until it goes below 2750.
US30 Will Go Up! Buy!
Take a look at our analysis for US30.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 43,381.39.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 43,680.64 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Reversal ZoneThe reversal zone has been identified based on volume and Fibonacci levels, and the likelihood of a reversal in these areas is high. Please note that trading in this zone requires the use of appropriate tools to obtain confirmations. This is solely an analysis and not a financial or trading recommendation. The responsibility for any risks taken lies with the readers. Wishing you success.
Reversal zoneThe reversal zone has been identified based on volume and Fibonacci levels, and the likelihood of a reversal in these areas is high. Please note that trading in this zone requires the use of appropriate tools to obtain confirmations. This is solely an analysis and not a financial or trading recommendation. The responsibility for any risks taken lies with the readers. Wishing you success.
EUR/USD steadies near 1.0400 ahead of German inflation dataEUR/USD is treading water near 1.0400 in European trading on Friday. The pair is undermined by the increased haven demand for the US Dollar amid tariff and geopolitical concerns. Upbeat German Retail Sales and Import Prices data fail to impress the Euro. German and US inflation data awaited.
GOLD Will Move Higher! Long!
Please, check our technical outlook for GOLD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2,863.303.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,902.672 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURCAD Is Bullish! Buy!
Here is our detailed technical review for EURCAD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.501.
The above observations make me that the market will inevitably achieve 1.509 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPJPY Is Very Bearish! Sell!
Take a look at our analysis for GBPJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 189.489.
Taking into consideration the structure & trend analysis, I believe that the market will reach 188.370 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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34% profit on DOT#DOT has a positive pattern but it needs a confirmation first after crossing the confirmation line the price can rise to the supply zone first be sure of the cross then make the position
GOLD - placed a reasonable low? What's next??#GOLD.. market just placed a very reasonable day low.
And if market hold that low then again rise expected.
Say sharp guys.. don't be lazy here.
Good luck
Trade wisely
EURUSD: Target Revised. Expecting ending diagonal in wave C).DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
My personal analysis of the DOT cryptocurrency from an Elliott WIn my opinion, the DOT cryptocurrency is completing wave D in the form of a triangle to complete the larger E wave. For this purpose, after completing wave D, we will have a small one that looks like a triangle completing a E wave, and after that we can see the width of the DOT grow.
BTCUSDT.. again at resistance ? What's next??#BTCUSDT.. that was a perfect move and market dropped as we discussed in our last idea regarding #BTCUSD, that was 12k pips ride
Now market again near to his current resistance region that is around 80500 to 81400
Keep close that region and if market tholds then again drop expected.
Good luck
Trade wisely
EURAUD Bullish Breakout!
HI,Traders !
EUR-AUD was trading
Beneath the falling resistance
Line but now we are seeing a
Bullish breakout so we are
Now locally bullish biased
And we will be expecting a
Further bullish move up !
Comment and subscribe to help us grow !
BTCUSDT, Bearish Scenarios for upcoming days ...Hello Traders, Hope you're great.
for Upcoming days, I anticipate 2 Bearish scenarios :
In First Scenario, I expect price does an upward correction to the nearest broken support level that became to an important supply zone around 91-93K and after that starts to drop.
in Second scenario, I expect price does a further upward correction and goes to the supply zone around 95-97K and after that start a major downward movement.
Targets are 85K, 82K and my final target is 77K.
Don't forget to use proper risk management.
And finally tell me what do you think about BTCUSDT, UP or DOWN ? comment your opinion below this post.
GOLD, Will the correction continue or not ??Hello Traders, Hope you are doing great.
As you can see below this post, We expected a correction in GOLD yesterday because it was forming a Rising Wedge Reversal pattern. The price corrected about 500 pips and then it began to retrace to 61.8 Fibo level. But what happens now? will the correction continue or not ?
The answer of this question is a Hesitant Yes, it will probably continue its downward correction, but PCE data that comes Friday can change everything, so Don't forget to use proper risk management. and Remember that these kind of corrections are temporary and gold price will probably see higher price this year
and finally tell me What are your thoughts about GOLD ? UP or DOWN ? comment your opinion below this post.
Very optimistic scenarioPossible Scenarios
Bullish (Optimistic):
If the price respects the ascending channel and rebounds from point 6, BTC could enter a new growth cycle, surpassing its all-time high.
Possible targets: 120,000 – 150,000 – 200,000 USDT.
Bearish (Pessimistic):
A loss of channel support (below 60,000 USDT) could lead to a significant correction, pulling the price back toward 50,000 – 40,000 USDT.
Conclusion:
The chart indicates a long-term optimistic outlook, but confirmation of the uptrend depends on maintaining channel support.
Recommended Strategy:
Monitor the reaction at channel support.
Confirmation above 100,000 USDT for a valid bullish scenario.
Risk management for potential corrections.
MKR, Ready for a short opportunity !!!Hello Traders, Hope you are doing great.
After a good upward movement that happened in last weeks, now it seems that bulls are going to lose their control and we'll probably see a downward correction after the price reaches to the specified supply zone, we also have regular divergences on 4H and Daily timeframes.
So for upcoming days I expect a slowly upward movement at first and after that Bears step in and cause a downward correction happen. Targets have determined by Blue dashed lines.
And finally Tell me What are your thoughts about MKR ? UP or DOWN ? comment your opinion below this post.
BITCOIN Strong Bearish Breakout!
HI,Traders !
BITCOIN is trading in a
Downtrend and
Broke the key horizontal
Level of 92425.6 and the
Breakout is confirmed
Which reinforces our
Bearish bias and makes
Us expect a further
Bearish continuation !
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Bitcoin based on Elliott wavesHello, I expect the market to make a move in the form of wave D and then have a downward correction in the form of wave E, and then we can wait for the main market move.
USDJPY POSSIBLE BUY?The market is currently testing the current Weekly and Daily area. Based on Daily and 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal.
We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
