USOIL: Key Levels and Bullish Prospects Amid Trade War ConcernsGood morning Traders,
Trust you are doing great.
Kindly go through my analysis of USOIL.
USOIL is currently experiencing market imbalance due to the nature of its opening range, following a gap-down decline last night in response to trade war concerns that have fueled recession fears. The price dropped from its weekly high of 72.22 to a key support zone at 69.00, which is near the week's low. As we anticipate the release of the ISM Services PMI at 3 PM GMT+1, I expect the demand zone to hold, driving the price higher—initially to fill the gap and subsequently toward the 71.35 region. Furthermore, this outlook is strengthened by the formation of a bullish Bat pattern on the M30 chart.
The key levels I will be monitoring for potential price action include the previous week's high at 70.10, the five-week high at 70.62, and the 71.35 region. These areas represent significant resistance levels that could be tested as price moves upward. A break below 68.80 will invalidate this outlook.
Cheers and Happy trading.
Wave Analysis
USDJPY Is Going Up! Buy!
Please, check our technical outlook for USDJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 146.824.
Considering the today's price action, probabilities will be high to see a movement to 149.538.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
EURJPY: Selling Pressure Likely in the 162.723-163.434 ZoneHello Traders,
I trust you're doing well. It’s been a while!
Since March 18th, the EUR has been in a corrective pullback, and I anticipate further downside movement to complete Wave 4 of the correction. However, this afternoon, we witnessed an unexpected surge in the EUR pairs, driven by the EU’s emergency plan to shield its economy from U.S. tariffs. Despite this rally, I believe it may be short-lived.
EURJPY has reached a significant resistance zone where sellers could potentially push prices lower. Another key resistance level within this zone, where I believe sellers', activities are great, is last week’s high at 163.353. A confirmed break below 162.723 would strengthen the bearish outlook, with potential downside targets at 161.914 , 161.114 , 160.750 , and 160.350 , respectively. However, a breakout above 163.444 would invalidate this bearish.
Cheers and happy trading.
USDJPY: Long Signal with Entry/SL/TP
USDJPY
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long USDJPY
Entry Point - 149.48
Stop Loss - 148.96
Take Profit - 150.43
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
UXLINK ANALYSIS (8H)From the point where we placed the green arrow on the chart, an expanding triangle began, and the pattern completed at the point where we placed the red arrow.
Now, the price seems to be in a correction, which appears to be either a Diametric or Symmetric pattern. Currently, it looks like we are in wave D of this structure.
We expect a drop from the red box. Demand 1 is a temporary rebuy zone, while Demand 2 is a suitable area for a set-and-forget approach with good gains.
Let's see what happens!
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
NASDAQ Trade Plan: From 4-Hour Trend to 15-Minute Execution!NAS100 Strategy: Using Fibonacci and Market Structure for Precision!
📊 In this NASDAQ (NAS100) trade idea, I focus on a top-down approach starting with the 4-hour chart. If the 4-hour trend is bullish, I look for higher highs and higher lows. If bearish, I focus on lower highs and lower lows. 🔄 My key strategy is identifying pullbacks into equilibrium—around the 50% Fibonacci retracement level—within any price swing. This is my point of interest.
Once price moves into this area, I shift to the 15-minute chart to refine my entry. 🔍 Here, I wait for a break of structure during the pullback, aligning with the overall trend direction. This approach allows for precise execution while staying in sync with the larger trend. 🚀
⚠️ This is not financial advice. Always trade responsibly and manage your risk.
EURCAD A Fall Expected! SELL!
My dear subscribers,
This is my opinion on the EURCAD next move:
The instrument tests an important psychological level 1.5572
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 - 1.5508
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
SPX: You Need To PrepareLast time I posted on SPX I said that I was sounding the Alarm
I'm going to reiterate that you need to prepare
No fear mongering, no fancy Elliott Wave Charts and no History Lessons in economics
Lets just ask ourselves some really simple questions:
If you lost your job today, how easy do you think it would be to find replacement employment that could maintain your current lifestyle?
How many months of emergency savings do you have?
What is your level of credit card/ debt in general and are you paying more than the minimum payment?
Do you want to own a home? How hopeful are you about your chances to own in the near future?
Are you saving for retirement? No really are you saving..be honest. If not, why?
How happy, hopeful, worried, sad are you? Be honest
And finally:
Do you believe everything will be ok financially for you 10/20 years from now? Be honest
Now ask yourself: What do I have to do so that I can move from believing/not believing to KNOWING that things will be ok?
Elliott Wave Forecast: EUR/USD Prepares for Next Bullish Leg!This EUR/USD 4H chart presents an Elliott Wave analysis, showing the market’s movement within a five-wave structure. The price has completed Wave 3 and is currently in a corrective Wave 4, finding support around Fibonacci retracement levels of 38.2%
• Wave 3: A sharp rally forming an extended third wave.
• Wave 4: An ABC correction is currently in progress and is expected to be completed around levels of 1.07456
If the market respects the proper Fibonacci levels, the target for wave 5 could be 1.09504 .
Gold and Elliott Wave Theory.Wave 2(Green) was a Zigzag and we should expect a Flat correction for a Wave 4. An A Wave forms shortly after Wave 3 was formed and a Wave B should follow. B's have 3 waves-- two impulses and one corrective-- and in this case Wave A was a simple Wave that was corrected by a Flat for B(Black). Our last impulse is a 5 Wave move and is marked in Black. We are currently on Wave 4 which will be a Flat because 2 was a zigzag. We are currently on the last phases of the B wave(Blue) that comes before a C(Blue) also a 4(Black) in this case. A retest at the 261.8% would spark a Wave 4.
NZDUSD: Bearish Continuation & Short Trade
NZDUSD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell NZDUSD
Entry Level - 0.5838
Sl - 0.5886
Tp - 0.5743
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
Dow Jones - Value Is The King Of 2025!Dow Jones ( TVC:DJI ) withstands all bearish struggles:
Click chart above to see the detailed analysis👆🏻
All major U.S. indices have been weakening lately but the Dow Jones is clearly the strongest of all. It seems like big institutions are shifting back to value stocks and therefore the Dow Jones remains very strong. Looking at technicals, this trend is rather likely to continue during 2025.
Levels to watch: $40.000, $50.000
Keep your long term vision,
Philip (BasicTrading)
BTC Mid-Term Outlook: Key Levels & Wave StructureAs long as March lows hold, there remains a technical possibility for one more wave up toward the 130K resistance zone. However, given the corrective three-wave structure of the recovery (rather than an impulsive five-wave move), I am now leaning toward the mid-term top being in place at January highs.
If price remains below last week’s high, my operative scenario favors one more leg down to the 64K–55K–51K macro support zone. If the downside scenario unfolds, it would still be technically valid for the entire corrective wave (2) to complete within the support zone mentioned, especially considering the underlying fundamental strength of the asset.
Should price break above last week’s high in the coming weeks, the odds shift in favor of a renewed uptrend, potentially reclaiming ATH and targeting 130K.
The super-macro structure that I'm following as an operative wave count, assumes multi-decades bullish cycle, with the next long-term expansion phase expected once price establishes a firm bottom in the discussed support zone:
Wishing you successful trading & investing decisions. Thank you for your attention!
PS: The wave structure of BTC, proposed in March 2024 idea, has fulfilled itself: