Bitcoin - Are We Heading for A Deeper Correction?Bitcoin has been on a Bull Run for past few months due to Trump and anticipation of Crypto-friendly policies however it seems the impulse waves have came to an end and we are in correction zone. If the support zones don't hold, this can lead to substantial downfall which could take price below $50k.
Best option is to trade with small lots and near strong support/resistance levels.
If you are a sport trader, you can set limit orders for accumulations.
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Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
Wave Analysis
KEEP TRADING SIMPLE - XRPGood Morning,
We did it - we formed a new support below. Currently a great trend upward on the daily but still unconfirmed. If today we get another bullish day - which we will this should confirm a great opportunity for a swing trade.
I will be looking at entering a trade once I se a retest of the support on the HOURLY chart.
Thanks
CHF/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
CHF-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 169.279 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the CHF/JPY pair.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Nightly $SPY / $SPX Scenarios for April 4, 2025🔮 🔮
🌍 Market-Moving News 🌍:
🇺🇸📊 March Employment Report Release: The Bureau of Labor Statistics will release the March employment report, with forecasts predicting an addition of 140,000 nonfarm payrolls and an unemployment rate holding steady at 4.1%. This data will provide insights into the labor market's health and potential implications for Federal Reserve policy.
🇺🇸💬 Federal Reserve Chairman Powell's Address: Federal Reserve Chairman Jerome Powell is scheduled to speak at 11:25 AM ET. Investors will be closely monitoring his remarks for any indications regarding future monetary policy, especially in light of recent market volatility.
🇺🇸📈 Market Reaction to 'Liberation Day' Tariffs: Following President Donald Trump's announcement of new tariffs, dubbed "Liberation Day" tariffs, the markets experienced significant declines. The S&P 500 dropped 4.8%, and the Nasdaq Composite fell 6%, marking the worst trading day since 2020. Investors are bracing for continued volatility as the market digests the potential economic impacts of these tariffs.
📊 Key Data Releases 📊
📅 Friday, April 4:
👷♂️ Nonfarm Payrolls (8:30 AM ET):
Forecast: +140,000
Previous: +151,000
Indicates the number of jobs added or lost in the economy, excluding the farming sector.
📈 Unemployment Rate (8:30 AM ET):
Forecast: 4.1%
Previous: 4.1%
Represents the percentage of the total workforce that is unemployed and actively seeking employment.
💵 Average Hourly Earnings (8:30 AM ET):
Forecast: +0.3%
Previous: +0.3%
Measures the month-over-month change in wages, providing insight into consumer income trends.
⚠️ 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
RCL Eiffel Tower CAUTION!RCL is in a very capital-heavy industry that is very economically sensitive.
Normally I would say from erections some corrections. However this has the Eiffel Tower structure in place for a full-on reversal. That remains to be seen. For now, we look for at least a correction and go from there.
Caution is in order if you are long.
DKNG Update | Second Fractal | Extended TargetsPrice action looks very similar to the '23 Q3 play where we saw a double bottom move taking off from $26 - $49 which is also the ABC move that carried the 3rd impulse wave of the original fractal.
We're still in correction wave 4 and are about to start wave 5 shortly from now to July.
It's possible we could see price action higher than $74 based on the new fractal overlay and with the help of the fib extension.
EUR-GBP Risky Short From Resistance! Sell!
Hello,Traders!
EUR-GBP keeps growing
Sharply after the Trump's
Tariff announcement wrecked
Havoc on the markets
But a strong resistance is
Ahead around 0.8446
From where we will be
Expecting a local
Bearish correction
Sell!
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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.
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?
EURUSD I Weekly CLS I KL - Order Block , Model 1Hey Traders!!
Feel free to share your thoughts, charts, and questions in the comments below—I'm about fostering constructive, positive discussions!
🧩 What is CLS?
CLS represents the "smart money" across all markets. It brings together the capital from the largest investment and central banks, boasting a daily volume of over 6.5 trillion.
✅By understanding how CLS operates—its specific modes and timings—you gain a powerful edge with more precise entries and well-defined targets.
🛡️Follow me and take a closer look at Models 1 and 2.
These models are key to unlocking the market's potential and can guide you toward smarter trading decisions.
📍Remember, no strategy offers a 100%-win rate—trading is a journey of constant learning and improvement. While our approaches often yield strong profits, occasional setbacks are part of the process. Embrace every experience as an opportunity to refine your skills and grow.
Wishing you continued success on your trading journey. May this educational post inspire you to become an even better trader!
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
David Perk ⚔
GBP/AUD Prepares for a major correction? The current technical situation of the GBP/AUD peaks the eye of the bears on the weekly chart
From a technical perspective we have 2 factors that that provide interest to the sellers
- a full Elliot wave sequence is in the process of completion with the 5th wave at terminal status, even tough this might move higher, but...
-i believe this is potential tipping point , considering the price action hasn't visited this area since march 2020 (and considering the amount of rejection it faced back then, there is a chance this might happen again
If the correction plays out we could possibly see some down moves all the way to psychological level of 2.000
Even if your not a weekly trader, keeping this information in mind might help with future trades on the pair on the down side , just remember to take risks into consideration
- Always make your own analysis before taking a financial decision
- Risk/Reward ratio is your friend
This is not financial advice !
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
KEEP TRADING SIMPLE - WLDGood Morning,
Hope all is well. Looking into WLD this morning, currently like the rest of the crypto market WLD is trying to locate a support. Currently WLD is trending in a downward direction however volume is starting to consolidate for its next move.
I will keep you posted for when to start entering some crypto trades.
Thanks
GBPUSD - near to his very expensive region, what's next??#GBPUSD... market just trade in range just below is most expensive region and that is market swing region as well.
keep close that region and only only buy above that region.
means don't holds your shorts above that region.
upside we have long leg if market clear that region.
good luck
trade wisely
CAD/JPY SHORT FROM RESISTANCE
CAD/JPY SIGNAL
Trade Direction: short
Entry Level: 104.075
Target Level: 101.220
Stop Loss: 105.968
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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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.