Wave Analysis
Short-Term Opportunity in Dow Jones: Limited UpsideCurrently, I estimate that under the best-case scenario (black label), the Dow Jones is forming wave of wave B. This implies that the upside movement is likely to remain limited, with a potential retest of the 39,310–39,649 area.
Caution is advised for a possible reversal, especially if the Dow Jones fails to break above the 40,791 resistance level.
S&P500 Long then Short: Last Wave 5 of 5In this video, I updated the wave counts for S&P500 and expects a last wave 5 of 5 (thus the long). I uses 2 Fibonacci extensions to project the final target and chose the lower of the target as the TP.
Once the target is reached, then we look for a reversal signal before entering short. The target of the short will be the end of sub-wave 4 as illustrated.
Good luck!
CLSK / 4h#CleanSpark rising by 36% in three straight weeks and its wave structure (in a five-wave sequence) quite well would suggest that entire correction in Minor degree wave B could have ended at the early April low >> 6.46, which was very close to the anticipated Fib-target >> 6.27.
Technically, the trend of Minor degree should have turned upward.
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
XAUUSD - BUY 🔻 Big Drive Down – After tapping -$3,500
Price tapped $3,500, triggering major profit-taking across Dubai - London and New York
Dubai started the sell-off
London piled in — aggressive push
New York confirmed the move — final slam down to fill the gap below.
📈 Now Price appears to be Pushing Back Up as it should to fill this mornings massive gap above from NZ open.
Gap below is now fully filled — technical objective met.
Buyers stepping back in from key demand zone.
Market now targeting the gap above to rebalance.
🔥 Macro Context Remains Bullish
Inflation is far from under control — expect it to rise still.
Interest rates will likely go up, not down good for Gold bad for Stocks.
Gold remains the primary safe-haven — this was a flush, not a reversal imho.
📍 Holding long bias.
Look to Elliott Wave projections on the chart for next target potentials.
: )
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The SPX On Track To A New All-Time High In 2025 (6,958— Soon!)Do not let anybody distract you, do not allow yourself to be deceived. Know that the market is very resilient and this has been true for the longest time ever. The catastrophe that everybody is always expecting and is always due is never true. Ok, there was a correction, but that's it, from now on the market grows. That's just how it works.
Very, very strong bull markets, and the bear markets weak and short.
The S&P 500 Index (SPX) looks great right now and nothing can surpass the wisdom that comes from a chart. A chart cannot lie nor can mislead you in any way.
The charts have pure raw data, you can make your own interpretation of this data but there are no mistakes.
Here the chart shows a very strong higher low. The 0.5 Fib. retracement level was tested and it holds. Now, saying a "new All-Time High" might be speculation, but saying that prices will rise is simply how technical analysis works.
A low first pierced 0.5 and challenged 0.618 fib. The candle closed above and full green, the highest volume since 2010 and that is a clear signal that the correction reached its end.
The SPX is bullish now of course.
The next week we get a red week and this led to the present day, a higher low. A higher low is bullish and notice, the 0.618 level is no longer relevant. The correction that happened was really strong, there is absolutely no need for more.
So a strong correction developed and what comes next?
Prepare for a major rise, a new impulsive bullish wave.
The minimum target starts at 5,665. This is the resistance where the drop got started, this level needs to be tested based on TA. Depending on how this level is handled, we can extract how the market will continue to behave.
» I will make a prediction, the SPX will hit a new All-Time High in the coming months.
Thank you for reading.
Namaste.
Watch This Wedge! AUDNZD Primed for Upside PushThe AUDNZD pair forms a falling wedge pattern, a bullish reversal formation that typically occurs after a downtrend. The price action is being squeezed between a descending resistance line and a descending support line, creating a narrowing range. The market is now attempting to break out of the wedge, with the current price testing the resistance line. A breakout and close above this trendline would signal bullish strength and could lead to a reversal of the recent downtrend.
Targets:
TP1: 1.07605
TP2: 1.07922
Stop Loss: Below the recent low at 1.06542
NZD-USD Potential Long! Buy!
Hello,Traders!
NZD-USD is trading in an
Uptrend and the pair is making
A local bearish correction
Towards the horizontal support
Level of 0.5912 and after the
Retest we will be expecting
A bullish rebound
Buy!
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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.
Hershey 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
# Hershey Stock Quote
- Double Formation
* Start Of (Diagonal) At 93.00 USD | Completed Survey
* (Reversal Argument)) & Short Set Up Entry | Subdivision 1
- Triple Formation
* Wave Feature On Downtrend Bias | 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 182.00 USD
* Entry At 154.00 USD
* Take Profit At 113.00 USD
* (Downtrend Argument)) & Pattern Confirmation (Flag Structure)
* 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 | Sell
EUR/USD Maintains Bullish Structure 5th Wave Extension UnderwayThe overall trend of EUR/USD appears upward when observed from a higher time frame, indicating that the 4th wave has completed and the 5th wave is in formation. Within the main 5th wave, sub-waves are developing, and it seems we are currently in the sub-wave of the 5th sub-wave. Once this sub-wave completes, the main 5th wave is also expected to complete.
The invalidation level for this structure is at 1.10920 . If the upward move continues as expected, potential targets could be seen around 1.14683 and 1.15894
GOLD Bullish Bias! Buy!
Hello,Traders!
GOLD is trading in a strong
Uptrend and the price is
Making a local bearish correction
So after it retests the horizontal
Support level below around 3344$
We will be expecting a rebound
And a further bullish move up
Buy!
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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.
One Step Ahead of the MarketHey guys and girls,
Look at this chart, Do you see what I see? (we are heading into a bear market).
(RSI= 86, kiss of Death) a chart is worth a thousand words!
Technical Section (a top is in place- ABC bear market):
Wave 1 = $ 850
Wave 3 = $ 1650
Wave 3 > 1.618 x length of Wave 1----> Wave 5 (Max) = 2.618 x length of Wave 1 (Target = $ 3300)
Fundamental (Bearish):
Let's look at the reasons:
a- Trump's trade war is over; as a result, there is no strong overriding trend.
b- Federal Reserve holds interest rates steady
Conclusion:
The trend is losing momentum and a top is in place.
Target = $ 2700
Invalidation level = $ 4170
2025-04-22 - priceactiontds - daily update - daxGood Evening and I hope you are well.
comment: Bullish. I want to believe that the market can not go above 21700 but 5 consecutive daily bull bars say duck yo puts. Above 21700 no more resistance until 22000. If bulls fail, down we go to likely another higher low above 21250. Everything below 21200 is a big bear surprise.
current market cycle: trading range
key levels: 20000 - 22000
bull case: Bulls are heavily favored if they break above 21700. There is no more resistance then, since we would then be making higher highs and today we closed above the daily 20ema. 21480 must hold, otherwise this was a bull trap and we could continue to range between 21000 - 21700. Measured move up from today is exactly 20000.
Invalidation is below 21470.
bear case: Bears not doing enough and even bad news could not get follow-through selling going. Above 21700 last bears have to cover because we will likely go for 22000 again. If they somehow manage to get below 21470, this continues inside the current trading range 21000 - 21700. Bears can still argue that even the 5 consecutive daily bull bars happened but bulls are not advancing much and they can not close a daily bar above 21500. EU close was 21439. So very low probability that 21700 will hold and we go down again.
Invalidation is above 21700.
short term: Neutral. Want to lean bullish but I won’t buy into big previous resistance. Above 700 on good momentum I’m long for 22000. Shorts only below 21470.
medium-long term from 2024-03-16: Bear trend is ongoing but for now I still think 19500 and below is an amazing buy if you can hold for years. Things will have to turn really bad for this market to find acceptance below the bull trend line from the covid lows and right now this trade war is just front running. Markets were not priced for risk 3 weeks ago but this drop was too much too fast. My bearish targets for this year are met and with the current environment I will not call for lower prices than 19000. If the trade war turns real bad, yeah sure but for now it’s not.
current swing trade: None
trade of the day: Long the breakout above 21365. Clear breakout with immediate follow-through. 15m tf or higher was way better to trade than lower ones.