Gold Analysis==>>Falling Soon!!!🎄First of all, I want to wish everyone a Merry Christmas , I wish you all the best moments .
As I expected , Gold ( OANDA:XAUUSD ) reached the upper area of the Resistance zone($2,642-$2,620) .
Gold is moving in the Resistance zone($2,642-$2,620) , near the 50_EMA(Daily) . (It has also succeeded in breaking the Uptrend line ).
According to the theory of Elliott waves , it seems that Gold has successfully completed the Double Three Correction(WXY) in the Ascending Channel .
Also, Regular Divergence(RD-) between Consecutive Peaks .
I expect Gold to attack the lower line of the ascending channel AFTER breaking the Support line .
⚠️Note: If Gold breaks the 50_EMA(Daily) and Resistance zone($2,642-$2,620), we should expect Gold to rise further.⚠️
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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Wave Analysis
How To Trade EUR/USD This Week In a Simpel WayThe euro was trading around 1.0409 within the downtrend channel forming since early December, above the 21 SMA, and below the 2/8 Murray.
The euro is in a downtrend channel. if it consolidates below 1.0409 in the next few days, it is likely to reach the 0/8 Murray located at 1.0253.
On the other hand, in case of sharp break above the downtrend channel and consolidation above 1.0420, we could expect a trend reversal to occur and the euro could reach 1.0498 and even the 200 EMA around 1.0535.
The key thing to keep in mind is that the euro has good support around 1.0376. We could expect a technical bounce above this area to take EUR/USD towards 3/8 of Murray located at 1/0620. On the contrary, below this key level, we could expect the euro to fall to 1.0253.
BANKNIFTY : Trading levels and plan for 30-Dec-2024Trading Plan for Bank Nifty - 30-Dec-2024
Intro: Review of Previous Plan (27-Dec-2024)
In the last trading plan, we emphasized the importance of the No Trade Zone (51,259–51,343) , Opening Resistance (51,569) , and Opening Support at 51,096 . The market respected the highlighted zones, consolidating within the Yellow sideways trend for most of the session. A late-session attempt to test the Resistance for sideways at 51,958 faced rejection, aligning with our bearish expectations.
Key Color Codes in the Plan:
Yellow Trend: Sideways
Green Trend: Bullish
Red Trend: Bearish
Trading Plan for 30-Dec-2024:
Scenario 1: Gap-Up Opening (200+ points above 51,550)
If Bank Nifty opens above 51,550 , the market could enter a bullish trajectory targeting the Resistance for sideways at 51,958–52,070 .
Wait for a retest of the Opening Resistance zone (51,569) .
If the zone holds and the price shows a bullish breakout with volume, initiate a long trade targeting 52,070 .
Place a stop-loss below 51,450 to manage risk.
If resistance is not broken, observe rejection patterns like bearish engulfing candles, and consider a short trade with a target of 51,343 .
Scenario 2: Flat Opening (51,250–51,350)
A flat opening signals consolidation around the No Trade Zone (51,259–51,343) .
Avoid aggressive trades within this zone. Wait for a decisive breakout or breakdown.
A breakout above 51,343 signals bullish momentum towards 51,569 . Look for confirmation via candle closing above the breakout level before entering long positions .
Conversely, a breakdown below 51,259 could lead to a test of the Opening Support at 51,096 . Initiate a short position if the breakdown holds, with a stop-loss above 51,350 .
Scenario 3: Gap-Down Opening (200+ points below 51,050)
A gap-down below 51,050 may indicate strong bearish sentiment, testing the Opening Buyers Zone at 50,664 .
Observe for reversal patterns (e.g., bullish engulfing or hammer candles) at 50,664 . If confirmed, initiate a long trade targeting 51,096 .
If the support breaks, prepare for extended bearish moves towards 50,400 . Enter short trades on confirmation with a stop-loss above 50,750 .
Risk Management Tips for Options Trading:
Use spreads (e.g., bull call spreads or bear put spreads) to cap losses in high volatility conditions.
Avoid trading out-of-the-money options as they decay rapidly, especially during sideways trends.
Trade with no more than 2% of your total capital per position.
Monitor the market for IV changes, especially during gap openings, to adjust your option strategy.
Summary and Conclusion:
The plan is designed to capture potential breakouts and breakdowns while maintaining discipline in No Trade Zones.
Focus on the identified key levels to avoid overtrading.
Stick to defined stop-loss levels and maintain a favorable risk-reward ratio in all trades.
Disclaimer:
I am not a SEBI-registered analyst. All views are for educational purposes only. Traders are advised to do their analysis or consult with a financial advisor before making trading decisions.
Channel Retest with Fibonacci Precision | Perfect Sell Setup Here's a clean sell setup based on a channel retest and precise Fibonacci levels:
Sell Entry 1: 50% Fibonacci Level = 2625
Sell Entry 2: 61.8% Fibonacci Level = 2628
Stop Loss: 2634 (just above key resistance)
Take Profit 1: 2618
Take Profit 2: 2612
This setup perfectly aligns with technical confluences. Follow me for more precise entries and setups that make trading straightforward!
BTC on mid of 5th legAccording to Elliott waves, we are now in the middle of wave 5.
In the middle of each arm of the 3 rising waves, we see a partial correction, which is indicated by a circle.
Now we are in the middle of arm 5 and going through a corrective micro wave.
After passing this stage, it is logical to continue the path towards a higher target, i.e. the 140K range.
Thanks for reading.
LTCUSD - Price Likely To Fall Under $10...AriasWave enables me to make informed assumptions about future price movements, which is precisely why I developed it.
In contrast, relying on Elliott Wave is more likely to cost you money.
In this video, I explain why I believe this crypto could soon be available at a bargain price, offering a potential buying opportunity.
This isn’t financial advice—it’s simply what I would consider doing if prices dropped this low. If you’re convinced it’s heading straight to the moon, I suggest studying the waves to reassess once reality proves otherwise.
KSE100 Index PSX -Analysis based on Elliott Wave & Benner Cycle PSX is in a bull run which is proving to be quite phenomenal.
Now the big question is where is the market top and when will it be?
Elliott Wave Theory and Samuel Banner's Century Cycle chart are the ones which I'm going to use here.
As per Benner's cycle the current bull run began in Jan 2024 and its top should be in December 2026. However, since we know that the bull run actually began in Sep 2023, therefore, by adjusting this time frame we arrive to the top by Sep 2026. (See the picture on the chart).
Referring Elliott Wave Theory - we know that it has two sets of Waves ie "IMPULSE" (1,3 & 5 along with retracement waves 2 & 4) and "CORRECTIVE" (A,B,C).
Accordingly, for me the price is in wave 3 and its completion will be around 133,000 and then it may retrace to Fib 38% (PKR 93,000 appx). Then the last wave will begin which may complete around Rs 192,000. This value has been arrived using Fib Ext Tool. So per this analysis 192,000 is the area where we should expect the TOP by end Sep 2026. Then market will go down following Corrective Wave A-B-C till end 2032.
(Note year mentioned on the Benner Cycle chart are the end of the year i.e. 31 Dec )
XAUUSD:30/12 Today's Market Analysis and StrategyTechnical analysis of spot gold
Daily resistance 2660, support below 2580
Four-hour resistance 2627, support below 2600
Gold operation suggestions: Gold was under pressure at the 2639 mark last Friday, and it fell back and fluctuated downward. The US market continued to fall to the 2611 mark, stabilized, rebounded, and closed in a volatile manner. The overall gold price continued the recent wide range of long and short fluctuations.
From the 4-hour analysis, we focus on the 2627 pressure on gold today. If the rebound touches below this level, it can be sold. Below, we focus on the 2610 first-line support, and focus on the 2600 first-line support nearby. In terms of operation, shorting on rebound is the main method, shorting below the 2627 long-short watershed, and long above it. Be cautious at all other positions and wait patiently for key points to enter the market
SELL:2627near
SELL:2620near
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
AUD-USD Risky Long! Buy!
Hello,Traders!
AUD-USD is trading in a
A strong downtrend but
The pair will soon hit a
Horizontal support level
Of 0.6166 so despite
Our bearish bias we will
Be expecting a local
Bullish rebound
Buy!
Comment and subscribe to help us grow!
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US30 1HIn the previous analysis , I expected a correction to begin about 150 points lower. If the 43,470 level is maintained, the market direction remains bearish, and the target has been updated with a slight correction.
A break below the 43,470 level, even by just one point, would invalidate the analysis, and the market direction would turn bullish.
Let’s wait to see if buyers show their strength and then make our judgment.
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S&P 500 - Elliott Wave 12/27/24My prior post noted an SPX area that could terminate the rally that began on 12/20/24. Subsequently the SPX rallied just above the target zone illustrated in the prior post. The rally termination point came just below the point were Sub Minuette wavr "a" equals sub minuette wave "c".
The sharp decline on 12/27/24 appears to be the beginning of at least a multi-month decline.
SUI Is The Best Asset Of 2024, But It's Almost DoneHello, Skyrexians!
Recently we looked at the assets with the high potential, which are still in the accumulation phase. Today we will take a look at the coin BINANCE:SUIUSDT which has already brought a lot of profit to its holders. While other alts are scamming every day, this coins performs great and now we can see a lot of optimism around this crypto. Is it time to sell SUI or rally will continue and this coins is the next Ethereum?
Let's take a look at the weekly time frame. Elliott waves theory tells us that listing pump was just a wave 1. After that we have seen the consolidation in a wide range. Price was able to maintain at pretty high level and continue pumping. We can count this wave as a wave 2 in a shape of flat correction ABC. After that price started the impulsive wave 3. This wave has the maximum target at 2.61 Fibonacci extension at $6. Correction can start in any moment now, so this token is dangerous.
After corrective wave 4 which can reach approximately $3, we expect the final wave 5 which has the targets above $8. There we have to wait for the red dot on the Bullish/Bearish Reversal Bar Indicator , after that reversal is expected in the new bear market. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
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Elliott Wave Analysis on MNQ: Anticipating Wave 3Hello, TradingView community! As I am exploring the Elliott Wave Theory with the Micro E-mini Nasdaq-100 Index Futures (MNQ), I've observed the potential start of a new impulse wave sequence after completing an ABC correction on Friday morning and starting new impulse wave 1 with corrective wave 2 in the afternoon. Based on this, I expect we may be entering the longest wave 3, aiming for a target of 22,800, supported by the 161.8% Fibonacci extension.
This target for wave 3 I chose for its typical strength and reach. The 12/18 liquidity level is critical here; a breakthrough could indicate strong buy-side support, confirming the bullish trend. I used Fibonacci levels to manage potential pullbacks and determine profitable exits 1 and 2. Additionally, monitoring market structure shifts helps validate the continuation of the upward trend.
I am eager to hear your thoughts or corrections on this analysis, as I am still grinding my skills in applying Elliott Wave principles effectively.