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EURUSDHello everyone and welcome to the weekly TOP-DOWN analysis. The week was not the most active in terms of position accumulation, but at the same time, it was quite informative. 1D - The daily timeframe continues to be in a short context. The first problematic zone was completely covered, but we did not receive the expected reaction and continued the long movement, overlapping the FVG. The main problematic zone is the FVG formed on April 10 during the news. I believe that after partially overlapping it, we will continue the short movement towards the lower targets.
Short
by yes_pls_max
Microsoft (MSFT): A Potential Plunge After a Decade's RiseOn the Microsoft three-day chart NASDAQ:MSFT , we've observed that the initial cycle of Wave (5) & I peaked at $430, hitting the 61.8% extension level, and has since declined to $402. We believe that $430 will now act as a strong resistance level. We anticipate a significant correction for Microsoft, potentially dropping to between $220 and $100. This forecast is based on the end of the first bullish cycle, following a decade of substantial increases in Microsoft's stock price. Such a correction is seen as necessary for sustainable long-term growth The exact nature of the correction, whether it adopts a Flat or Zigzag pattern, remains to be determined. Flats are more common than Zigzags, hence they are considered more likely, but we are keeping an open mind as we monitor the chart's developments. We will hold off on positioning ourselves immediately, opting instead to watch how the situation unfolds on the broader chart before identifying potential smaller-scale entry points.
NASDAQ:MSFT
by freeguy_by_wmc
$QIWI proposes to be one of the good performersAs you can see, there is divergence on the downward MOEX:QIWI moving on the 1D graph with a high overselling. I'm expecting turning around and preparing of the baseline for the future leaps. Goal number 1 is 490, which can bring more than 100% during 1-1.5 years. Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view.
RUS:QIWILong
by furoreggs
$SQTUSDT - Swings for the patient brainDon't expect of keeping on the upstairs moving of such upward race for BYBIT:SQTUSDT , which we are watching for during last months. Waiting for correction until 0.026 approx before time to buy comes. Idea is to multiply input for 4 times in a month. Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view )
Long
by furoreggs
S&P 500 Daily Chart Analysis For Week of April 19, 2024Technical Analysis and Outlook: Upon completing the Outer Index Dip 5045, per the Daily Chart Analysis for the week of April 12, Spooz witnessed a decline in this week's trading session, leading to the Key Support level of 4950. The current market trends indicate that the index will experience an upward Dead-Cat rebound, targeting our Mean Resistance level of 5057. However, the downside risks cannot be ignored, and the index may continue its decline to reach the strategic Outer Index Dip at 4865, which is expected to act as a catalyst for reigniting its bullish trend.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of April 19, 2024Technical Analysis and Outlook: The Eurodollar has completed our Inner Currency Dip of 1.060. However, further selling pressure is reviling a decline to the next Inner Currency Dip of 1.054. Ultimately, the Eurodollar is expected to reach an Inner Currency Dip of 1.045. It is worth emphasizing, however, that an interim Dead-Cat rebound to the Mean Resistance level of 1.072 may be feasible before the Eurodollar resumes its downward trajectory.
by TradeSelecter