Hello TradingView Family / Fellow Traders,
📦 Post-halving , BTC has been hovering within a big range between $60,000 support and $70,000 resistance.
📈 For the bulls to take full control again , and test the $82,000 and upper bound of the red channel, a break above the $72,000 resistance is needed.
📉 In parallel, if the $60,000 support is broken downward, we...
On 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...
Hello,Traders!
NZD-CAD went down but
Will soon hit a rising support
Line so a bullish rebound is
To be expected
Buy!
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Gold broke out of that range, giving a bullish indication after creating a lower high. We can look for buys above 2398 area with the recent highs in sight (2417) and overall high target of 2426.
ARKK started its rally in November 2023 and reached $54.52 in December 2023. Since this date, according to Elliot Wave Analysis, it may be making an ABC correction. ARKK, which made the A wave by falling to $ 44.63, then rallied to $52.06 with the B corrective wave.
As long as ARKK stays below $52.06, ARKK may be making wave C. At the end of this movement, it may...
Price hit the first target of 2390 and pushed to give indication that it wants to continue higher. It’s busy correcting now and if 2362 area holds, we can see a continuation to the upside.
Buys valid above 2390
Let's talk about the elephant in the crypto village square: Bitcoin. Now that we're looking at a correction, it makes sense to talk about where that may end and - for those of you that successfully took some profits - when and where you may want to re-deploy those funds.
I am of the view that Fibonaci levels - particularly old ones - are extremely helpful for...
Hello,Traders!
GOLD is trading in a super
Strong uptrend and now
We are seeing a long overdue
Correction but as the price
Is approaching a local
Horizontal support of 2320$
A local bullish rebound
Is to be expected
Buy!
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Today I'm breaking down one of my favorite assets to trade and that's TVC:GOLD or to some XAU/USD. I don't like to fight the bull, but this setup shows a nice trendline bounce for a continuation or we can see a nice correction move coming for $GOLD. Our algo usually gives decent signals and we look to the charts for our entry.
Trade safe my friends.
The Kiwi with ticker NZDUSD woke up last year with a strong reversal on daily chart after a completed larger, higher degree (A)-(B)-(C) correction in B/II, which can be signal for completed deep correction, especially after higher highs and higher swing lows formation up from November 2023 lows.
In fact, there was also some nice accelerating price action through...
For Microsoft, we've recently observed an uptick and, for visualisation, activated the 100% level on the two-day chart as a maximum target. A closer look on the two-hour chart suggests that we might be in the final wave, Wave 5. Since developing Waves ((iii)) and ((iv)), we've formed four more waves and are now approaching a new all-time high. We consider a...
Fundamentals & Sentiment
EUR:
Contrary to the direction of this trade idea, the Eurozone economy has been doing quite well for the last few months. However, is it time for a technical correction? Risk reversals suggest that.
NZD: Kiwi has been supported by good Building Permits from New Zealand and strong readings from Australia at the beginning of the...
PEPPERSTONE:XAUUSD
Following the principles of #ElliotWaves, when waves 1 and 3 form without any extension, then wave 5 tends to make approximately the same magnitude in the same amount of duration.
Wave 1 - Magnitude - ~ $76+ in ~ 2 D and 17 hrs
Wave 5 - Magnitude also made ~ $76+ (Short of 60 cents) in ~ 2D 11 hrs as of this post.
In this scenario, when...
Light Crude Oil Futures (CL): NYMEX:CL1!
As mentioned in our morning briefing, oil is currently extremely interesting, partly due to increasing tensions in the Middle East and the destruction of oil reserves there as well as in Russia. Consequently, oil prices have surged significantly. We are currently at a level of $85, but we still consider it quite likely...
The monthly candle has created a new price structure above the previous ath drawn in 2021. These structures are very important and are calculated on the closures, in this case monthly, even if one had also made one on the weekly towards the beginning of the month of March, was not as homogeneous as this one drawn the day before yesterday, because it was not...
The March Candle closes with approximately +16%, creating a price structure above the previous historical high drawn in 2021. A very strong signal regarding the long term, this favors the bulls in trying to snatch convenient prices until the short period will allow it by correcting on the most important supports. The last price structure that could act as support...
Overview
META is approaching a possible landslide that may take the share price to around $455. An influx of insider liquidation paired with healthy market skepticism supports the possible correction.
Fundamentals
Overall the company appears healthy according to their 2023 Annual Report. The only filings that I found concerning was the abundance of 144s that...
