AUDUSD BULLISH RUNAUDUSD is expected to buy to complete the Deep crab pattern. With higher than expected CPI figures AUD is expected to bully the green-back which is struggling with low interest rate figures as a result of declining inflation figures nearing its 2024 inflation target of 2% and global trade wars.
expecting AUDUSD to hit around0.66000 psychological level
Wave Analysis
Nvidia (NVDA) Elliott Wave Analysis: Wave 5 Nearing Its EndThe short-term Elliott Wave analysis for NVIDIA (NVDA) indicates a bullish trend unfolding as an impulse structure since the low on April 21, 2025. From that low, the stock completed wave 1 at $111.92. The stock then followed by a corrective pullback in wave 2, which bottomed at $104.08. The subsequent rally in wave 3 displayed strong momentum, characterized by a nested impulse structure in a lesser degree. Within wave 3, the first sub-wave, wave ((i)), peaked at $115.40, with a brief dip in wave ((ii)) to $110.82. The powerful wave ((iii)) surged to $136.89, followed by a shallow pullback in wave ((iv)) to $132.65. The final leg, wave ((v)), concluded at $137.40, completing wave 3 on a higher degree.
The corrective wave 4 unfolded as a zigzag pattern. From the wave 3 peak, wave ((a)) declined to $130.59, wave ((b)) rebounded to $134.23, and wave ((c)) completed the pullback at $127.80, finalizing wave 4. NVIDIA has since resumed its upward trajectory in wave 5. As long as the pivot low at $104.08 holds, the stock is expected to extend higher in wave 5, completing the cycle from the April 21 low. Following this, a larger-degree three-wave pullback is anticipated, offering a potential pause in the bullish trend.
Nightly $SPY / $SPX Scenarios for May 28, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for May 28, 2025 🔮
🌍 Market-Moving News 🌍
🏭 Trump’s Tax Bill Threatens Clean-Energy Boom President Trump’s proposed budget aims to accelerate the expiry of key clean-energy tax credits, jeopardizing over $321 billion in investments and forcing manufacturers to pause expansion—risking a slowdown in solar and wind growth.
🛢️ Oil Flat as OPEC+ Output Hike Looms Brent and WTI held steady amid expectations that OPEC+ will announce a 411K bpd production increase for July at today’s ministerial meeting—balancing tighter U.S. supply and easing trade-tension pressures.
💻 Nvidia Earnings Eye Export-Curbs Impact Ahead of Q1 results, analysts warn U.S. chip-export restrictions to China could shave $5.5 billion from Nvidia’s ( NASDAQ:NVDA ) sales this quarter, testing AI-led growth optimism.
📈 Wall Street Climbs on Tariff Reprieve U.S. futures jumped after Trump delayed planned EU tariffs until July 9, lifting risk appetite across megacaps—Nvidia led gains with a 2.7% pre-market rise.
📊 Key Data Releases 📊
📅 Wednesday, May 28:
9:00 AM ET: Case-Shiller Home Price Index Measures month-over-month changes in home values across 20 major U.S. cities—a key gauge of housing-market trends.
10:00 AM ET: Consumer Confidence Index Tracks consumer sentiment on current business and labor-market conditions and expectations for the next six months.
2:00 PM ET: FOMC Minutes (May 6–7 Meeting) Detailed readout of policymakers’ economic outlook and voting rationale—critically watched for hints on future rate policy.
⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
SPY UpdatePrice made a top just shy of the 1.382 extension fib and then reversed. Now, it has risen back up right into the area one would expect for a mini b wave. MACD is also curling down hinting at a possible move lower coming. If that is the case, and we begin moving lower again breaching $573.25, then the likely hood of a top for B raises exponentially. Should that be the case, then price will be headed to the $468-$389 area next. This means that the market as a whole will be moving significantly lower in the coming weeks.
Dropping to $468, the highest normal termination point, would constitute a 20%+ drop from current levels. To fall to the lowest standard area is almost a 35% drop. This is suggesting that the market as a whole is on the cusp of losing up to a third of its value. What could cause such a thing? Idk and idc. The only thing that matters to me, is what will happen. Currently, the structure is telling us that a major haircut is in store for the markets.
Some of you will scoff at such a remark. I don't blame you either. The world's largest market losing a third of its value is hard to fathom. Thats over 15 trillion dollars of capital just gone. If you look back just a couple weeks ago though, the S&P lost 21.43% or 10.179 trillion dollars in just over a month. Still think it's impossible? And that was just on the thought of tariffs. They hadn't even been implemented yet, lol.
I say all of this to make you aware of what the charts are telling us. Believe me or not, it doesn't really matter. When it does happen though, just remember, you were warned...
0526 Mastering Divergence in Gold: Daily vs. 4H Chart TacticsHello traders,
Check this Latest COT Report first:
Gold:
Net long positions increased by 7,741 contracts, with a net long increase of 7%. The current total net long positions stand at 118,615, nearing the upper limit of the past year (the maximum being 254,841), with a relative position of 47%. This indicates that long funds are returning to the market, enhancing expectations for continued increases in gold prices; at the same time, short sellers are actively retreating, and those with short-term bearish views are exiting.
From a technical perspective, gold also shows a clear bullish trend. I believe the support level for gold is at 3200, and if it successfully breaks through the important resistance level of 3400, there is a possibility of testing the 3450-3500 range within this week.
On weekly chart, check this first.
Price action all above weekly EMAS
On this 4H chart, GOLD is running the fifth wave on this current swing. It could be rejected from the daily pressure line down to sideways price action above the red buying zone 3260-3277, WHERE BUYER VERY POSSIBLE WAITING THE OPPORTUNITY TO OPEN LONG TRADE ON GOLD AGAIN!
For mid-term buyers, fibo ext 1.27-1.414 zone is very possible.
GOOD LUCK!
LESS IS MORE!
eur/usd 15mThis chart displays a trade setup for the EUR/USD currency pair on the 15-minute timeframe. Here's a breakdown of the key components:
1. Entry Point
Price Level: 1.13392
Zone: Yellow zone just above current price
The entry zone is marked where a breakout or pullback entry might occur.
2. Target Point
Price Level: 1.13700
Zone: Green zone above current price
This is the anticipated take-profit zone if the price moves upward from the entry.
3. Register Point (Stop-Loss Area)
Zone: Red/Pink zone below current price
This zone represents the stop-loss area, suggesting where the trade would be invalidated.
4. Trade Idea
A potential long (buy) trade is proposed.
The chart suggests entering around 1.13392, targeting 1.13700, with a stop loss somewhere within the pink "register point" zone.
The risk-to-reward ratio appears favorable given the large upside relative to the downside.
Would you like help calculating exact risk-reward or setting up the trade in a specific platform (like MetaTrader, TradingView, or a broker)?
Bullish Pullback End of Month BuyAfter I thought we would see a sell continuation off of the March FOMC level of 42,155, price continued bullish.
I am using Thursday and Friday's opening price as support for a pullback. 41,912-41,968
I am expecting Wednesday and Thursday to be profit taking, pullback days in an upward trending bias.
This monthly candle is expecting to close near the highs.
The peak formation low formed confirmed higher prices.
Friday, May 30th 500-700 tick Buying Opportunity
Dow Jones Index Local Short! Sell!
Hello,Traders!
US30 index keeps going up
But the price will soon hit
A strong horizontal resistance
Level around 42,876 from where
We will be expecting a local
Pullback and a 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.
May 28, 2025 - XAUUSD GOLD Analysis and Potential OpportunitySummary:
Gold is currently ranging between 3288 and 3350, showing consolidation. Watch for breakouts on either side.
• Around 3323 is a good level to consider both long and short setups depending on price action.
• A break below 3288 signals rising bearish pressure, possibly targeting the 3266 zone.
• A break above 3350 suggests renewed bullish momentum, with potential to reach 3370.
Patience is key — wait for confirmation at critical levels, manage position sizing carefully.
Key Levels to Watch:
• 3350: Midpoint resistance
• 3345: Resistance
• 3337: Resistance
• 3323: Intraday key resistance
• 3315: Resistance
• 3305: Key support
• 3300: Psychological level
• 3288: Intraday key support
• 3280: Support
• 3265: Support
Short-Term (15m) Trading Strategy:
1. For Shorts:
• Enter SELL if price breaks below 3305
• Watch 3300, then 3296, 3288, 3280
2. For Longs:
• Enter BUY if price holds above 3315
• Watch 3323, then 3332, 3341, 3350
👉 If you found this useful or traded from these ideas, a like would be greatly appreciated. Thanks for your support!
Disclaimer: This is my personal opinion, not financial advice. Always use proper risk management.
EUR-AUD Short From Resistance! Sell!
Hello,Traders!
EUR-AUD made a retest
Of the key horizontal
Resistance level of 1.7640
From where we are already
Seeing a bearish pullback so
As we are locally bearish
Biased and we will be
Expecting a further
Bearish move down
Sell!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
AUDUSD Daily Squeeze – Breakout LoadingAUDUSD is pressing against descending trendline resistance, forming a bullish continuation wedge just above the 0.6420–0.6450 support zone (50% Fib level). Price has been consolidating tightly, suggesting a potential breakout setup is developing.
Key Levels:
Resistance: 0.6500 – 0.6547 (wedge top and 61.8% Fib)
Support: 0.6420 (local structure), 0.6300 (deeper demand zone)
Bullish Target: 0.6718 → 0.6900 → 0.6950
Invalidation: Daily close below 0.6410
Scenarios:
🔹 Bullish Breakout
Clean break above wedge resistance
Momentum push toward 0.6700–0.6900 zone
Confirmation = daily close above 0.6547 (Fib confluence)
🔹 Fakeout + Pullback
Temporary rejection leads to retest of 0.6420–0.6400
Holds support = high-probability long setup for second wave up
Outlook:
Bias: Bullish
AUDUSD is building bullish pressure after defending key support. Wedge structure favors breakout continuation, especially if global risk sentiment remains firm and USD softens.
GBPUSD Near Key Resistance – Watching for PullbackGBPUSD has surged to test the 1.3538 resistance, forming a strong impulsive rally supported by higher lows and tight bullish consolidation patterns. However, price is now pressing into a major horizontal resistance and rising trendline, setting up for either continuation or correction.
Key Levels:
Major Resistance: 1.35389 (previous high, potential double top)
Trendline Support: ~1.3440 (ascending structure)
Downside Target (if break occurs): 1.3140 (range floor)
Scenarios to Watch:
🔹 Bearish Scenario (Primary Watch)
Price reacts to 1.3538 and forms a rejection candle
Break of the ascending trendline may trigger a retracement
Downside target zones:
1.3440 (initial structure)
1.3140 (major support zone)
🔹 Bullish Breakout (Alternate Scenario)
Clean break and close above 1.3538
Would invalidate short-term correction and open path to new highs
Momentum continuation possible toward 1.3600–1.3700
Pattern Notes:
Bullish structure with minor flags and wedges in the uptrend
But rally is extended and hitting overbought territory near resistance
RSI divergence or reversal patterns around this level would strengthen short case
Conclusion:
📌 GBPUSD is at a major resistance. Watch for rejection or breakout.
📌 If it holds below 1.3538 and breaks trendline, short setup is favored.
📌 If it breaks out above 1.3538 with volume, stay out of shorts and wait for retest.
EURUSD Reaches Key Resistance – Reversal or BreakoutEURUSD has rallied back to the 1.1382 resistance level, a zone where price previously rejected multiple times. Current structure suggests price is approaching a decision point, where it may either:
Form a double top or head-and-shoulders reversal
Or break out toward 1.1573, the next major resistance
Key Levels:
Resistance: 1.13825 → Critical decision zone
Support: 1.11442 → First major downside target
Deep Support: 1.10846 → Recent low
Scenarios to Watch:
🔹 Bearish Case (Primary Setup)
Price fails to break above 1.1382
Reversal candlestick forms below resistance
Breakdown may target:
1.1144 (first support)
1.1084 (continuation target)
🔹 Bullish Case (Less Likely Unless Confirmed)
Break and close above 1.1382
Bullish continuation to 1.1573
Would signal shift in medium-term trend bias
Chart Pattern Notes:
Price has made multiple lower highs, but also held structure
A triple top or reversal setup is forming unless bulls break decisively
Bearish wedge and neckline structures from past price action support downside risk
Fundamental Watch:
USD volatility from Fed speakers, PMI data
Eurozone risk sentiment and ECB inflation comments
Correlation with DXY (which is near support)
Conclusion:
📌 Rejection at 1.1382 likely leads to downside toward 1.1144
📌 Break above 1.1382 invalidates bearish setup and targets 1.1573
Wait for confirmation candle or momentum before execution.
Woolworths Group Ltd Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Woolworths Group Ltd Stock Quote
- Double Formation
* (A+ Set Up)) - *14% Settings Condition | Completed Survey
* Wave Feature - *ABC Entry & Retest | Subdivision 1
- Triple Formation
* (Anchored VWAP)) - *Upper Band #1 | Subdivision 2
* (TP1) | Subdivision 3
* Daily Time Frame | Trend Settings Condition
- (Hypothesis On Entry Bias)) | Indexed To 100
- Position On A 1.5RR
* Stop Loss At 102.00 AUD
* Entry At 99.00 AUD
* Take Profit At 94.00 AUD
* (Ranging Argument)) & No Pattern Confirmation
* Ongoing Entry & (Neutral Area))
Active Sessions On Relevant Range & Elemented Probabilities;
European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
CLSK / 4hThere is no change in my NASDAQ:CLSK analysis, it's worked under the May high >>11.04 so far.
Wave Analysis >> The structure of the rising expanded diagonal in Minute degree wave i (circled) is quite well over, and its correction in the same degree wave ii (circled) has begun its way down.
Trend Analysis >> The Minute-degree trend has turned downward to (likely) a relatively deep retracement in wave ii (circled) over the coming few weeks.
The leading diagonal pattern in Minute degree would align with the Minor degree trend upward >> An impulsive wave C should be likely underway. (Just its waves i, ii & iii (circled) shown on the chart.)
Fib-retracement targets for the ongoing decline in wave ii (circled) >> 7.93 >> 7.24
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
WULF / 2hNASDAQ:WULF may have started the expected retracing down in Minute degree wave b (circled).
So, the Minute degree trend turned down. It would remain by a 26% further decline over the few coming weeks from the current levels.
The retracement target >> 2.94
#CryptoStocks #WULF #BTCMining #Bitcoin #BTC
GOLD Move Up Ahead! Buy!
Hello,Traders!
GOLD went down and
Retested a horizontal
Support level of 3283$
And we are already seeing
A local bullish rebound so
We are locally bullish
Biased and we will be
Expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
PEPE/USDT Potential UpsidesHey Traders, in today's trading session we are monitoring PEPE/USDT for a buying opportunity around 0.00001360 zone, PEPE/USDT is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.00001360 support and resistance area.
Trade safe, Joe.