SteveTan

SteveTan

AAPL bigger picture on monthly chart, possible a more than 70% (-74.29&) drop on year 2025 toward 72.63 +/- which is multi confluence zone of 1) Monthly 233 EMA ( thick white MA line) 2)Upper Support of parallel channel ( blue line) 3) Yearly Support Zone.

SteveTan

AAPL still forming a triangle pattern. Probably a -14.90% drop by end of May ( so sell in May still working") or early June.

SteveTan

XAUUSD possible forming a tripe zig zag (W)(X)(Y)(X)(Z)( Green ) in wave B ( Yellow circled ) instead of expanding diagonal from previous ideas. The latest CPI data probably "price in" for Just 1 rate cut by Sept 2024 from FED.

SteveTan

Hartalega still trending up to cycle high 4 ( purple ) which is only due at end of year by average (near yellow vertical dotted line) . So how "hi" can it goes?!

SteveTan

XAUUSD's Wave A (yellow circled) is leading diagonal while wave B (Yellow circled ) is an expanding flat pattern (A)(B)(C)(green) So! The correction of gold not done yet!.

SteveTan Updated 

Gold probably is forming an expanding ending diagonal / wedge pattern now while waiting for US CPI on 15 / May/ 24.

SteveTan

Meta / Facebook share price currently at major resistance (upper parallel line). If there was "a crash". The "Margin of safety" probably at 218 +/- which is a confluence zone of 1) Monthly Order Block 2) Median Line of parallel channel,

SteveTan Updated 

XAUUSD's last roadmap toward 2390 +/-. before 2150 +/-. Price currently at the last leg wave (C)(green) of expanding flat (A)(B)(C) pattern in wave B (Yellow Circled). Price/Market Structure Probably tell us somethings "Big" gonna happen on this 15/May/24 US CPI data...

SteveTan

Gold, Short at 2380 +/- toward wave IV ( green ) of ending diagonal pattern in wave (c) (red) by 22 May 2024.

SteveTan

SPX500 Wave 4 ( Red Circled) is an expanding flat wave pattern, where wave (B)( blue) could reach 5530 +/- before losing 15.98% +/-

SteveTan

US10Y > 8% what happen for those house/ car mortgage? What happen to #gold when big player have "guaranteed" in bank deposits? What happen to "healthy" bank's "stock"?..

SteveTan Updated 

Hello Traders, It has been more than 5 months from my last posted ideas. How do you do? Let Enjoy Gold Roller Coaster Ride!

SteveTan

Gold need to "retrace" to 2050 +/- ( monthly order block PLUS ++ Bcos wave (c) Red have 3,3,3,.. wave structure . So it's an expanding ending diagonal wave structure!

SteveTan

Topglove just broke 233 EMA again, it has been ping-poing @ Daily @ 233 EMA (white MA line) for long enough to build "base/acculmatulation " in wave 2 (yellow) Time To fly!

SteveTan

SPX probably complete wave B ( Red Circled) of triangle on early January 2024 where it could dive 20% +/-.

SteveTan

SPX's chart/market is driven by Fundamentals ( FED) as most traders perceived. But I do agree with Robert Prechter and Alessio Rastani that market/ chart is driven by the "rotating cycle" of "supply/demand" rather than news/fundamentals even though I don't agree Robert Prechter with (Founder of Elliott Wave International) have been calling for major crash (which...

SteveTan

INARI's 1.50 +/- is confluence zone of 1) POC of volume Profile. 2) Demand Zone 3) Lower Support of Parallel line.

SteveTan

Pohkong Price still inside a big triangle while Gold already breaking ATH. But both still in "ranging market" in next 2,3years.