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Wave Analysis

GOLD in monthly chart Nothing has changed in my view about gold chart and I am expecting more corrective sub-waves for its wave 4 we are in. The only concern is about wave iv and (iv) that mentioned with green arrow that can make an extension. The main point is that we are in a wave 4 correction that can prolong more than you expect. Another point that should be considered is that wave 5 is extended and it is supposed to rise roughly up to 3236 and then start to make a deep correct but THE SCENARIO for gold is BULLISH for a while.
COMEX:GC1!Long
by AMA_FX
QQQ Strong Resistance - Won't Break Through on the First TryIn this analysis of QQQ, we observe a potential bearish correction in progress after completing an impulsive move to the downside. The setup aligns with Elliott Wave Theory, highlighting a corrective ABC structure forming. Key Levels: Short Zone: 533.01 - 535.54 Stop-Loss: 536.45 (above key Fibonacci extension at 1.618) Target 1: 524.27 (Fibonacci retracement support) Target 2: 516.16 (extension and structural support) Strategy: Short Entry: Within the short zone (533.01 - 535.54). Stop-Loss: Set at 536.45 to manage risk. Take Profit: Gradual exits at Target 1 (524.27) and Target 2 (516.16). Context: QQQ is showing signs of bearish momentum after a corrective wave. Fibonacci extensions and Elliott Wave structure suggest a continuation to the downside. 💡 Reminder: Always manage your risk and confirm signals with your strategy before entering trades. #QQQ #TechnicalAnalysis #TradingSetup #ElliottWave #Fibonacci
NASDAQ:QQQShort
by MrStockWhale
Diamond PatternPattern and Key Levels Diamond Pattern: The chart shows a possible diamond pattern which indicates a possible rise to marked levels to complete the movements of said pattern and then fall Fibonacci Levels: 2,585 : This level acts as support, 2,617 : Intermediate level that can act as both support and resistance. 2,696 : Key resistance level, possibly Trading Strategy Entry Level: Around 2,585 or 2,617 (current levels) Stop Loss: Place a stop loss just below 2,585 to limit losses in case of a breakout to the downside. Profit Target : Aim for resistance at 2,696 - 2700 Summary The analysis suggests that the gold market is in a consolidation phase, with key support and resistance levels based on Fibonacci and Anchored VWAP. Trading strategies should consider entries at support and resistance levels, with proper risk management using clear stop losses and profit targets. The breakout of the triangle, accompanied by an increase in volume, can provide additional opportunities for
OANDA:XAUUSDLong
by JAG_Trader
GME: Skeptical of zealous predictions that fail to materializePatience is the virtue most valuable to me in the world of trading. To me, patience means not only plan the trade, trade the plan, but more deeply, NO REGRETS. If I miss out, SO WHAT? It was not my pitch, and in the markets, THERE ARE ALWAYS OTHER OPPORTUNITIES, on a daily, if not hourly basis. I have watched more "MOASS" predictions fail over the past few years than any of their respective authors would like to admit. Trader after trader steps up and says, ITS GONNA EXPLODE at this price, at this time, when this happens, or if that does not...but 99.9% of these predictions are nothing but filler and sensationalism. What I wonder...where is the sauce? Where is the technical tip off that indicates a high probability that the DESIRED or HALLUCINATED price action should take place? The answer is typically, it simply does not exist at the time of the publications. For context and as to my business here, earlier this year, February/March, upon completion of my mentorship, I decided to make price predictions of GME my sort of Thesis, if you will, to see whether what I had learned about Elliot Wave, Fibonacci, and MACD strength indications had been a waste of time. Early March 2024, upon review of the EW pattern, I called for sustained downward pressure into early May. At the very end of April, about 8 weeks later, while doing my routine weekly charting, I noticed I had run out of wave magnitude. I checked my count and price levels against MACD, and lo and behold, we appeared to have struck a bottom. I made another post stating that we had arrived a little early but that the initial downside corrective had completed. Within 2-3 weeks, GME traded at $80/share. All I had done was apply what I had learned over the preceding year and exercise patience with price. What I am posting to say here is, I SEE NO INDICATION THAT PRICE SHOULD EXPLODE UPWARD, AND SEE PLENTY OF REASON TO SAY THAT WE NEED MORE SIGNIFICANT DIVERGENCE ON THE BOTTOM END TO EVEN BEGIN TO ANTICIPATE ANY SUCH EXPLOSION. I will add, that all I believe the last run amounted to was part of a corrective, and do not believe it represents the beginning of anything, rather, perhaps, the very middle of this saga. The tools I mentioned above are the basic trading tools and concepts I have used to make this statement. BUT primarily, of all the tools which I mentioned or which may be depicted in my chart, PATIENCE is the tool I value mostly. If you know what you are doing, and practice with the tools you profess to use to make a living, when it comes to bottoms (or tops for that matter) you will know them when you see them. PATIENCE is necessary in all applications of the tools I describe and ultimately, the most important tool any trader can possess. In that vein, the old saying goes, Discretion is the better part of valor (not courage, or stupidity, to run out on no man's land, pots a clanging with tent sticks falling out of your back pack, acting like you'll win the war in a moment). Best, Cuz
NYSE:GME
by CuzDelux
3
BTC/USDT2 years have passed since the detailed analysis of the bottom of Bitcoin. This is my last analysis of Bitcoin until the price ceiling is reached. In these two years, I tried to make a profit by including my analysis point of view. I personally do not expect Bitcoin to fall and expect I have a one-year bullish move from Bitcoin. The hold is much harder than I thought. In these two years, my hold has affected my psyche. Try not to follow the analysis of others who talk about the fall, because there is no information about They do not have the nature of Bitcoin. I hope that Bitcoin will move according to my analysis like the last two years. This year I will celebrate the 150,000 dollar Bitcoin celebration. Remember that God is with those who are patient. I wish you health, peace and profit. Good luck.
Long
by BERYLLIUM_
3
Solana - It Just Looks Super Bullish Now!Solana ( CRYPTO:SOLUSD ) is creating a break and retest: Click chart above to see the detailed analysis👆🏻 With the last monthly candle of more than +40%, Solana broke all resistance towards the upside and finally created a new all time high. Now we are seeing the perfect retest of the previous resistance which is now turned support and another strong move higher is absolutely possible. Levels to watch: $200, $400 Keep your long term vision, Philip (BasicTrading)
CRYPTO:SOLUSDLong
by basictradingtv
Nasdaq - It All Comes Down To This Month!Nasdaq ( TVC:NDQ ) is at a crucial breakout level: Click chart above to see the detailed analysis👆🏻 The Nasdaq rallied an incredible +25% over the past couple of months and is now actually also breaking a major resistance trendline towards the upside. This could still turn into a false breakout but if it doesn't, we will most likely see a flourishing stock market year of 2025 Levels to watch: $21.000, $28.000 Keep your long term vision, Philip (BasicTrading)
TVC:NDQLong
by basictradingtv
17
Technical Analysis of Synthetix Network Token (SNX/USD): Key LevThis analysis examines the price movement of Synthetix Network Token (SNX) on the weekly timeframe. The structure of the waves and key trendlines have been identified to help traders determine entry and exit points. Key Highlights of the Analysis: Strong Support Zone ($1.75–$1.429): The price has recently reacted to a critical support zone between $1.75–$1.429, showing a strong rebound. This zone is significant due to the completion of the fifth wave and its alignment with historical support levels, making it a crucial entry point for buyers. Descending Trendline: The price remains under the influence of a long-term descending trendline that has capped further upside movement. Breaking above this trendline and holding above $2.5 could signal the beginning of a new bullish trend. Key Resistance Level ($5.884): The major resistance lies at $5.884, aligning with the peak of previous waves. Reaching this level could serve as a medium-term target for buyers if the price successfully breaks the descending trendline. Stochastic Oscillator: The stochastic oscillator is moving toward the overbought region, suggesting a potential short-term correction. However, further upward movement is possible, especially if the price consolidates above $2.5. Potential Scenarios: Bullish Scenario: Breaking the descending trendline and surpassing the $2.5 resistance could push the price toward $5.884. This scenario is ideal for medium- to long-term traders. Bearish Scenario: If the price declines and retests the support zone at $1.75–$1.429, this area could provide another buying opportunity. Breaking below this support zone could lead to further declines. Conclusion: With the technical structure and key levels outlined, Synthetix Network Token is at a critical juncture. Traders should closely monitor the price’s reaction to the descending trendline and the support zone.
COINBASE:SNXUSDLong
by Mohammad_Mirdehghan