The price of GOLD will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️
The USD/JPY is one of the sell pairs we have from the portfolio selection we did yesterday. The Major pull for us thinking of shorting this pair is the wave structure (3) Momentum Low; this price point has over 70% probability that at some time in the future, the price will come back there after a retracement. On Friday,15-minute timeframe, we saw a breakdown...
NZDJPY is at the final stages of the ending diagonal. The move we're about to see will be a MONSTER move. We are looking at a potential 1500pip move to the downside... atleast! We are currently in an ending diagonal, made up of 5 waves consisting of 3 subwaves each. We are in 5th wave now, subwave C and looking for a reversal very soon. Trade Idea: - Watch for...
#GOLD... Perfect move as expected. Now market have 2325 to 28 as immediate supporting area guys. Keep close that region and if market hold that area then again upside firether move expected. Keep in mind guys that that will be your cutt n reverse area on confirmation .. Good luck Trade wisely
#XAUUSD H1/H2 SMC Based Setup Currently, the price is in a strong bullish movement. I recommend staying with the trend, which is currently bullish. Therefore, we will focus on finding good buying opportunities. 1. **First Buying Area (2392-2400)**: This level has previously acted as a strong supply/selling zone, making it a potential resistance area this time....
📈EURUSD Anylisis 🔍Currently EURUSD Finds itself at a crossroads caught between two vitel daily structures. Looking ahead to next week's potential moves here are two scen to watch: 1) Bullish outlook if the market breaks the trend line and seals the deal with a solid close above a hefty resistance line forming a Substantial falling wedge on the dialy chart it...
Dear colleagues, I believe that the impulse of the senior wave “1” is not yet over. I assume that the correction is now in priority, so 2 variants of events are possible: 1) formation of lower wave “4” and “5” (39863.75), then correction with the aim to reach the area of 38566.67; 2) The correction will start soon without a new high, but in this case we will have...
We're currently witnessing intriguing dynamics in the CRVUSDT chart after the recent breakdown from a rising wedge pattern, bearish sentiment seems to be in play, but there are specific zones we should take note of. CRVUSDT exhibited a classic breakdown from the rising wedge pattern. The base of the rising wedge is now our immediate focus. As we approach this...
QQQ - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell QQQ Entry - 451.77 Stop - 460.12 Take - 437.86 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Take a look at our analysis for SPX. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 5,303.24. Considering the today's price action, probabilities will be high to see a movement to 5,089.73. P.S We determine oversold/overbought condition with RSI...
Description: - 1-2, 1-2 setup, 2nd wave (leading diagonal). After some research concluded that there are only 2 bullish scenario's, namely 1) straight into 3rd wave or 2) in B wave (ABC). For obvious reasons, a prolonged correction would be ideal. A deeper pullback for a wave C would bring the 1.618fib much higher.
Now that the AMC hype train has died down, I can start positioning on some lower risk trades. Been waiting to see this pop. As long as we dont gap up on open, I'll be taking some here at the 618 - tight stop. If stopped out, will look for rebuys near pivot high. Any break of that and Im out. Simple. Ez. Smooth 😎
Bitcoin finally revealed its direction and its bullish. On the chart we can see 2 parallel channels. The first one is currently breaking out and there is no doubt that the second parallel channel will break as well. Next resistance is exactly at the top of the first parallel channel, I am expecting a pullback from this strong dynamic line. From the Elliott Wave...
This is my view as per my study. RVNL is on Elliot Wave 3. its may be target 381.
BTC in an Inverse Head and Shoulder Pattern During the previous weeks, BTC went as low as 56.6K. The price found a strong support zone and reawakened again the bull's interest. Currently, BTC has completed an Inverse Head & Shoulders pattern showing temporary strength. 📺You may watch the video for further details📺 Thank you and Good Luck! ❤️PS: Please...
✅ Gold managed to create a New All-Time High(ATH) at the beginning of the week. 🏃♂️Currently, Gold is moving near the 🔴 Resistance zone($2,450-$2,426) 🔴. 🌊According to the Elliott wave theory , Gold has succeeded in completing main wave 5 by the Ending Expanding Diagonal . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks...
Dear all, We apologize for the slight delay in this announcement, but we're pleased to inform you that we are now accepting coin analysis requests for the month of May 2024. Submission Deadline: May 20th, 2024 To ensure efficiency and accuracy in our analysis, we kindly ask each member to submit only one request. Please adhere to the specified format when...