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Elliott Wave

Bitcoin - out of law? (HUGE CRASH soon)Bitcoin and crypto are relatively new technologies that have been brought to planet Earth by alien races. As you know, Bitcoin is a virtual (digital) technology, the same as the metaverse from Zuckerberg (that no one is playing and everyone hates). That means you can't touch it (you can still touch the US dollar with your hand). Imagine that the government will soon make a law that only 1 wallet per person is allowed and you must register your wallet with your ID (or driver's license). All your transactions will be monitored, everyone will see what you spend your money for, and in case your digital score is low, you can get banned from buying certain things. A digital score is also a non-existent rating (virtual), similar to Bitcoin. Why did BlackRock (which owns all major companies) create its own Bitcoin ETFs? Because BlackRock hates bitcoin? No, clearly because they love Bitcoin—it's the best tool to control masses. So will Bitcoin be out of law? Yes, they will put Bitcoin out of law to scare the masses, but after that they will offer a solution (trap) - They will make a Bitcoin fork, and you must use the new Bitcoin fork while old Bitcoin will be delisted from all exchanges, potentially put out of law for criminal activities, human trafficking, drugs, and terrorism. What is the situation in the EU currently in the crypto space? All exchanges must have KYC, for all crypto deposits, you must fill out a form and say where the funds are from and who the owner is + what the source of the funds is. You must do a face verification with a camera (start of the total digital control). The only solution to this is to stop using it, because it's trash anyway. All altcoins are down 90% from the all-time high, and there is no hope for recovery. If you are an investor into altcoins - you must say I am telling the truth! So crypto is becoming very annoying for humans. All humans on Earth are starting to dislike crypto, and that's very negative for the ecosystem. A lot of humans on Earth are focusing on deleting their social media accounts, removing their digital identities, disconnecting from AI, and starting to use paper cash money. Government and banks failed people during the previous pandemic, now we see the same with social network platforms. They have all your data and use it to form your DIGITAL TWIN. What is a DIGITAL TWIN? It's a virtual copy of you. If you sit on a chair, your twin sits as well. If you eat, your twin eats as well. If you talk, your digital twin talks as well. This is how they can know what you are doing all the time. A digital twin is a dynamic virtual copy of your body. This digital twin is fed by your actions (using social networks or big corporation apps). That's also one of the reasons why the biggest social network on Earth is currently losing customers and no new members are joining the network. So do you still like crypto? Or will you be one of the first clever people to find out the truth? Let me know in the comment section. Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! I am very transparent with my trades. Thank you, and I wish you successful trades!
BITSTAMP:BTCUSDShort
by Xanrox
52
Bitcoin Is Losing Support _ And Macro Pressure Is BuildingBitcoin ( BINANCE:BTCUSDT ) started to decline right after the U.S. markets opened, surprising many traders. A large number of traders expected Bitcoin to attack the 200_SMA(Daily) once again, but that scenario did not happen. At the moment, Bitcoin is attempting to break the support zone($79,750-$79,480) and the lower line of the descending channel. From an Elliott Wave perspective, it seems we should expect more corrective downward waves, especially considering the bearish momentum seen in recent hours. Additionally, the DXY index ( TVC:DXY ) is still showing bullish momentum, and due to Bitcoin’s strong correlation with the S&P 500 index ( FX:SPX500 ) in recent months, any weakness in the S&P 500 could also pressure Bitcoin further. At the same time, the U.S. 10-Year Government Bond Yield( TVC:US10 ) still appears bullish, and all of these factors together could support further downside for Bitcoin. I expect Bitcoin to continue its bearish movement, break the support zone($79,750-$79,480), and, after filling the CME gap($78,545-$78,220), decline at least toward the Potential Reversal Zone (PRZ) . Target: Potential Reversal Zone (PRZ) Stop Loss(SL): $80,900(Worst) Cumulative Long Liquidation Leverage: $83,580-$82,540 CME gap: $84,560-$83,215 What’s your view on Bitcoin? Can Bitcoin move back above $80,000, or should we expect a deeper correction? Note: We should also continue monitoring geopolitical developments closely. Any escalation in tensions or unexpected news events could lead to further downside pressure on Bitcoin. 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌Bitcoin Analysis (BTCUSDT), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
BINANCE:BTCUSDTShort
by pejman_zwin
13
Bitcoin Turns Back Up _ But the Real Test Is AheadAs I expected in the previous idea , Bitcoin ( BINANCE:BTCUSDT ) started dropping and hit all its targets—full target down. But now the question is this: in recent hours, Bitcoin has started rising again with solid momentum. One of the reasons for this increase—just like previous weeks—is Bitcoin being influenced by the S&P 500 ( FOREXCOM:SPX500 ), which had significant gains during those hours. At the moment, Bitcoin seems to have broken the resistance lines and the resistance zone($80,800-$80,380). It looks like we should expect a pullback into these areas. From an Elliott Wave theory perspective, given Bitcoin’s recent bullish momentum, we could anticipate a 5-wave impulsive structure in the coming hours. I expect that after completing its pullback to the resistances, Bitcoin will start rising and could reach at least $81,690, attacking the 200_SMA(Daily). We’ll need to see if it can break that dynamic resistance or not. First Target: $81,690 Second Target: Cumulative Short Liquidation Leverage($82,800-$82,000) Stop Loss(SL): $79,991(Worst) Cumulative Long Liquidation Leverage: $79,000-$78,000 CME gap: $84,560-$83,215 CME gap: $78,545-$78,220 What’s your view on Bitcoin? Can it continue its recent bullish run, or should we be ready for a market surprise? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌Bitcoin Analysis (BTCUSDT), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
BINANCE:BTCUSDTLong
by pejman_zwin
20
BITCOIN - Bullish trend. The hunt for liquidity ahead of a rallyBINANCE:BTCUSDT.P is trading within the range of 79,500–82,800. The trend is bullish; the price continues to maintain this momentum and test the 200-day moving average, a breakout of which could strengthen the trend—though this will require patience... May began with a strong institutional inflow: in the first 10 days of May, spot ETFs attracted over $1.25 billion, marking the sixth consecutive week of net capital inflows. The movement was spurred by progress on the CLARITY Act—the main legislative initiative to regulate digital assets in the U.S. Bitcoin maintains a bullish trend. A long squeeze of the key support zone at 79,500 is bringing the price back into a range where a local bullish structure is being confirmed. Locally, Bitcoin is attempting to close the imbalance zone and test the liquidity zone before rising. Resistance levels: 82,000, 82,460, 82,830 Support levels: 80,220, 79,960, 79,500 A retest of support, a liquidity capture, and the bulls holding the price above 80K could become the next technical driver for growth Best Regards, R. Linda!
BINANCE:BTCUSDT.PLong
by RLinda
9
Gold Back at Heavy Support — Will It Hold This Time?Gold ( OANDA:XAUUSD ), as I expected in the previous idea , began its decline and reached all of its targets (full target down). Currently, Gold is once again moving within a heavy support zone($4,551-$4,234) and is near another support zone($4,513-$4,475). From an Elliott Wave perspective, we can anticipate gold continuing its downward waves. Since the DXY index ( TVC:DXY ) is on an uptrend and the U.S. 10-Year Government Bond Yield ( TVC:US10 ) is also continuing its bullish movement, these rising factors could contribute to further gold price declines. I expect gold to decline at least down to $4,486 by the close of the financial markets, and if the support zone($4,513-$4,475) breaks, we could see further declines toward $4,416. First Target: $4,486 Second Target: $4,416 Stop Loss(SL): $4,625(Worst) Points may shift as the market evolves. What’s your view on gold? Can gold remain above $4,000 or should we anticipate further declines in the coming weeks? If you’d like a broader view of gold on a higher time frame, I recommend checking out the idea below: 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 Gold Analyze (XAUUSD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:XAUUSDShort
by pejman_zwin
4
S&P 500’s Rally Is Showing Its First Real CrackThe S&P 500 index ( FX:SPX500 ) had a very strong bullish run over the past two weeks, gaining more than +5%. This move appears to have happened within an ascending channel. Currently, the S&P 500 is in the process of breaking a key ascending channel and is moving near a resistance zone($7,464-$$7,435). From an Elliott Wave perspective, it looks like the S&P 500 has completed a five-wave impulsive move, and we should expect further correction after the ascending channel’s lower line is broken. Additionally, since indices like the Dollar Index ( TVC:DXY ) have a direct impact on the S&P 500 , and the U.S. 10-Year Government Bond Yield ( TVC:US10 )is also rising, these factors could suggest that the S&P 500 may continue its downward move. I expect the S&P 500 to have a bearish trend in the coming hours, dropping at least to $7,399. If the support zone($7,409-$$7,382) breaks, we could anticipate further decline toward $7,354. First Target: $7,399 Second Target: $7,354 Stop Loss(SL): $7,487 What’s your view on the S&P 500? Can it resume its bullish trend, or should we expect a deeper correction? Note: If tensions escalate in the Middle East in the coming days, we could see further declines in the S&P 500, similar to what happened yesterday. However, from a technical perspective, the index does appear to need a price correction. 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 S&P 500 Index Analyze (SPX500USD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:SPX500USDShort
by pejman_zwin
3
GOLD - Consolidation before a strong moveICMARKETS:XAUUSD is in a bullish consolidation phase, trading within the 4,650–4,750 range. The market is awaiting the outcome of the meeting between Trump and Xi Jinping, as well as the release of the latest economic data. The lack of progress in U.S.-Iran negotiations and rising inflation expectations have increased bets on a Fed rate hike this year. Inflation confirms the impact of the trade war: CPI (3.8% y/y). The data reinforces hawkish expectations. However, Kevin Warsh’s confirmation as Fed chair offers a glimmer of hope. The market is anticipating a rate cut... Gold is stuck at the lower end of its weekly range, awaiting a catalyst. Key variables include the outcome of the Trump-Xi summit, U.S. retail sales data, and the geopolitical backdrop regarding the conflict in the Middle East. Technically, gold is consolidating after breaking through global downward resistance. Essentially, the current consolidation is a step toward a strong move... Resistance levels: 4700, 4720, 4764 Support levels: 4669, 4646 Before rising, the market may test the support cluster located at the bottom of the range—4669, 4646 (a long squeeze would provide an opportunity for growth). However, if the bulls keep the price above 4700, this could become another technical driver for growth Best Regards, R. Linda!
ICMARKETS:XAUUSDLong
by RLinda
27
MicroSoft about to go hard?MSFT has a bullish setup developing as price pulls back correctively from the move off the 356 pivot. The push from 356 was a swift move up that left fair value gaps behind, and broke structure through the prior potential wave 4 area around 413. Since then, price has been pulling back in a corrective manner, but the low is not confirmed yet. Key levels I am watching: • 356 = larger invalidation / origin pivot • 384 = suspicious break for this bullish setup • 398 to 400 = early catalyst area • 433 = main upside break / reaction profit level • .50 to .618 retrace = preferred algo zone / golden zone The preferred area for me is still the .50 to .618 retrace. That is where I would like to see price come into that zone. That said, 398 to 400 could act as an earlier catalyst area if buyers step in before the full algo zone is reached. From an Elliott Wave perspective, I am viewing this as a possible C/3 setup coming off the 356 pivot. I do not care too much which label wins yet because both versions point toward the same general expectation. If the bullish setup is valid, MSFT should eventually challenge and break 433. The conservative trade idea is reaction only. I am not looking to force the low while smaller degree structure is still making lower highs and lower lows. If price reacts from 398 to 400 first, I would rather watch for a cleaner second entry instead of chasing the first bounce. No pitchfork or base channel yet. The pullback pivot is not clean enough for me to anchor the geometry. Bulls want to see the pullback stay corrective, ideally into the .50 to .618 retrace. A push back through 433 would support the idea that the 356 pivot started something impulsive. A break of 384 starts to make this setup suspicious. A break of 356 invalidates the larger bullish idea and the structure would need to be rebuilt. Trade safe. Trade clarity.
NASDAQ:MSFTLong
by CryptoKnee
Treasury Yields Break Higher as Markets Reprice Inflation RiskAs you know, we are seeing very strong price action on US yields, with both the 2 year and 10 year yields breaking sharply to the upside. This is basically a bullish continuation after the higher CPI and PPI figures in the US, and with yields extending to new swing highs, the dollar is moving higher as well. Of course, this is one of the reasons why stocks could also see some pullback. It does not necessarily mean that a new bear market is starting, but it may not be a bad idea to stay patient and be prepared for some pullbacks, especially if we consider that US yields may still have plenty of room to the upside if this breakout is ocnfrimed at this levels with a weekly close price. Watch closely what happens around 4.62 on the 10 year yield, which could be the next important target area. That is basically the same swing zone from last April when Trump announced the tariff changes. When it comes to stocks, one thing they can keep them up, is good news from the Middle East or from US-China meetings. But I woudl still rather aim for A-B-C pullback first on SPX, rather than chasing market here. GH
CME_MINI:ES1!
by ew-forecast
ETH | DailyCRYPTOCAP:ETH — Quantum Model Projection Transition Phase Nearing Final Stage | Correction📉 Underway Aligning with the broader medium-to-long-term bullish outlook for BTC , Ethereum’s transition phase, projected since February 6, now appears to be approaching its final stage. The corrective Intermediate Wave (2) would likely complete through an additional 11.88% decline within Minor Wave C. The support Q-Structure λₛ projects an HPQ Target ➤ $2066.66 at the key confluence zone, aligned with the projected May 23 timeline. 🔖 Outlook is derived from insights within the Quantum Models framework. Within this methodology, Q-targets are high-probability projections generated by the convergence of equivalence lines. These Quantum Structures also function as structural anchors, shaping the model’s internal geometry and guiding the evolution of alternative paths as price action unfolds. #Crypto #Ethereum #DigitalAsset #QuantumModels
KRAKEN:ETHUSDLong
by ElliottChart
BLACKSTONE Still Holding Strong on Higher TimeframeBlackstone on the monthly chart still looks like it is moving through a large corrective phase after topping near $200 . Price has been making lower highs and continues trading below the descending resistance trendline, which shows long-term momentum is still cooling off. The current structure appears to be a broader wave 4 correction rather than a complete trend reversal. The major support zone between $84 and $71 remains important, as buyers could step back in from that area if the correction continues deeper. As long as the price stays above the broader support region, the long-term bullish structure remains intact. A successful recovery from the correction zone could restart the next higher impulsive move. If momentum returns, the next upside targets come in around $100 , $140 , and eventually $185+ over the longer term. We will update further information soon. @BrightRally_Research
NYSE:BX
by BrightRally_Research
US500 Hello guys , nice to meet you . My first post so..i am breaking the ice ! I am watching closely the US500 moove up , as i think we approach on last candles of internal wave 5 of the 3rd larger wave. I am expecting to top at 7600 as it is 0.618 fibo of this last move up , ussualy expected value for 5 waves . Looking for a short from there , for now keeping my long. Also the rsi is overbought. If you also feel , would be helpfull to hear your opinion as we can have a better navigation on this market . Best of luck !
PEPPERSTONE:US500FShort
by sensotrade
3
DOGEUSDT - A retest of resistance during a bullish trend BINANCE:DOGEUSDT tested the 0.10600 support level as part of a medium-term correction and resumed its upward trend. The market is testing an intermediate trigger ahead of a potential rally. Meanwhile, Bitcoin is gaining strength and supporting the local altcoin bull market. The flagship cryptocurrency has maintained an uptrend since late March. DOGE is forming its third retest of the 0.1128 resistance level. Consolidation above 0.112 offers a chance for a breakout attempt. A close above the range’s resistance could trigger a move toward 0.1165 Resistance levels: 0.1128, 0.1165 Support levels: 0.112, 0.11125 A breakout above resistance could trigger continued growth. Locally, the market is influenced by bullish sentiment. Globally, we previously discussed the medium-term structure of the altcoin; after months of consolidation, DOGE may transition into a bullish trend Best regards, R. Linda!
BINANCE:DOGEUSDT.PLong
by RLinda
10
USDCAD: Corrective Recovery Into Key Resistance ZoneUSDCAD has recently moved decisively to the downside, with the drop from the 1.3960 highs unfolding in a notably sharp and impulsive manner. This type of price action often signals strong underlying bearish pressure, increasing the probability that the market will eventually attempt a break below the 2026 lows. However, before any such continuation lower can develop, the pair is currently showing signs of a corrective recovery. This rebound is best interpreted either as wave E within a higher-degree triangle formation or alternatively as a wave two retracement within a broader bearish impulse structure. In both interpretations, the ongoing move higher is expected to unfold in a three-wave A-B-C corrective structure. This suggests that while further upside is still possible, the rally should remain corrective in nature rather than impulsive. Within this framework, a temporary setback in wave B would be normal before a final push in wave C completes the correction. From a technical perspective, the key resistance zone is located between 1.3850 and 1.3900. This area is expected to act as a significant barrier where bullish momentum may start to fade. Once a complete A-B-C corrective structure is confirmed, attention should shift back to the downside. The ideal region to look for renewed bearish positioning lies between 1.3760 and 1.3870, where resistance confluence aligns with prior structure and potential wave completion. Overall, while short-term recovery is in play, the broader bias remains bearish as long as price action fails to establish a sustained break above the 1.3900 region.
by ew-forecast
Gold Just Broke Support lines _ Now Watch the PullbackGold ( OANDA:XAUUSD ) is currently moving between a resistance zone($4,723-$4,695) and a support zone($4,669-$4,645), but just a few hours ago, with decent momentum, it successfully broke the support lines. From an Elliott Wave theory perspective, it seems gold has completed a Zigzag correction(ABC/5-3-5), and we can expect downward waves for gold in the next few hours. I expect that after pulling back to the broken support lines, gold could break the support zone($4,669-$4,645) and drop at least to $4,626. If the downward momentum is strong, we could expect even lower targets. First Target: $4,626 Second Target: $4,593 Stop Loss(SL): $4,782(Worst) Points may shift as the market evolves. What’s your view on gold? Do you think it can break the support zone($4,669-$4,645) or not? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 Gold Analyze (XAUUSD), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
OANDA:XAUUSDShort
by pejman_zwin
11
GBPUSD at Risk of Reversal — Watch This CloselyBefore diving into the GBPUSD ( FX:GBPUSD ) analysis, we should note recent Middle East news: it appears Iran has attacked U.S. ships in the Strait of Hormuz. Historically, heightened tensions like this drive the DXY index ( TVC:DXY ) higher, which puts significant pressure on USD pairs. One such pair is GBPUSD, so let’s look at the technical analysis. From an Elliott Wave perspective, it seems GBPUSD has completed its five-wave upward impulse, and we might now anticipate a corrective downward move. Also, we can see a negative Regular Divergence(RD-) between two consecutive peaks. I expect GBPUSD to have a bearish move—especially with the U.S. market open—and to drop at least toward $1.3420. Target: $1.3420 Stop Loss(SL): $1.3660 What’s your opinion on GBPUSD? Do you think it will break lower, or might it find support? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 British Pound / U.S Dollar Analysis (GBPUSD), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
Short
by pejman_zwin
1
BTC 12H: Two Paths. Either Would Be A Gift.Current price: 81,431. OI climbing. Funding: -0.0018. Read that last line again. Price is pushing the top of a clean ascending channel on the 12H and the market is net short. That combination does not resolve quietly. It resolves with pain for whoever is on the wrong side of it. Two scenarios from here. Both are gifts. The gift arrives at different addresses. Blue path. Price consolidates between 82K and 84K, chops the undisciplined out, then breaks directly toward the 87 to 88K upper channel target. No meaningful pullback. The gift here is for those already positioned and holding with structure. The reward for not reacting to the noise. Red path. Price sweeps the current highs, fades back into the 72 to 73K range, tags the channel midpoint and the OB cluster sitting below the May consolidation. Funding resets. Shorts add into the sweep and feel vindicated for about 48 hours. Then the structure completes what it started. The gift here is the reload. The OTE handed to you in real time while everyone explains why BTC is going to 60K. Both paths lead to the same destination. The question is which version of the move you are built to hold. The yellow line at 66,700 is the only level that changes the analysis. A confirmed 12H close below it and the channel structure is no longer valid. That is not the thesis. That is the exit condition. Invalidation: 12H close below 66,700.
BYBIT:BTCUSDT.P
by TheChartWhisperr
Could we see another push higher for JNJWhile many believe there is a convincing top on JNJ at the 251 zone, which would indicate a much more meaningful correction below the 200 zone, evidence suggests that the 251 zone is more likely to be a lower degree, and that support in the 208 - 215 zone should hold. That said, from that support, Elliott Wave guidelines would suggest we look for another five-wave structure to the upside, in what would be a larger degree extended wave five. I base this on the following evidence: -Elliott wave guidelines suggest there should be bearish divergence between wave 3 and 5, and we should look for that divergence on a fractile basis to support the count. Keep in mind that the higher the timeframe of divergence, the more confirmation provided. That said, there is a lack of bearish weekly divergence between the December 15th 2025, weekly high at 215, and the March 2nd 2026, weekly high at 251, which would suggest that the 251 high is more likely not a wave 5 top, and instead a wave 3 top. Therefore, we would be looking for a pullback and one more high to the upside to create that weekly divergence. - While volume is one of the most simple indicators, it is often overlooked, which is a huge mistake. Volume is provided in real time and is not based on lagging information, like so many other indicators. It must be noted that approximately 90% of market volume is created by informed institutional activity. That said, when we look at the weekly volume coming down from the 251 high, it does not indicate a more meaningful correction. In fact, it is declining in a manner that would suggest declining interest in lower prices, which is a clue that the nearest support is more likely to hold. The nearest weekly support is in the 209 area. Therefore, I would look for the market to pivot in that zone of support. - Lastly, Elliott Wave guidelines also suggest that wave four pullbacks typically target the previous lower degree's wave four target zone, which the target of 209 is in. This further supports the case for a pullback to 209, where JNJ may pivot and head toward a new all-time high. If JNJ holds support and we see a push for one more all-time high to complete the higher degree impulse structure, where should we look to forecast the new all-time high? To answer that, we must look at the larger degree structure, and the lower next degree wave five structure we are likely currently in, which would suggest the 300% extension around 272 as a likely forecasted target for the top.
NYSE:JNJLong
by BlueLineTradingLLC
Is Bitcoin going to drop?Hi traders, Last week Bitcoin slowly started to drop. Now it came into the bullish Daily FVG. If price closes below this, we could see a huge drop. Let's see what the market does and react. Trade idea: Wait for a clear move down, a small correction up and a change in orderflow to bearish to trade shorts. This shared post is only my point of view on what could be the next move in this pair based on my technical analysis. But I react and trade on what I see in the chart, not what I've predicted or expect. Manage your emotions, trade your edge! Eduwave
BINANCE:BTCUSDTShort
by EduwaveTrading
Gold is going downHi traders, Last week gold broke through the bullish Daily FVG and made a new bearish Daily FVG as I've mentioned in my previous outlook. It looks like price has finished a big Triangle (red wave B) or (orange) X-wave and price is now dropping for (red) wave C. So next week we could see another move down to finish the (red) ABC-pattern. If it breaks the red dotted line above, the wavecount is invalid. Let's see what price does and react. Trade idea: Wait for a correction up and a change in orderflow to bearish (break of the low) on a lower timeframe to trade shorts. This shared post is only my point of view on what could be the next move in this pair based on my technical analysis. But I react and trade on what I see in the chart, not what I've predicted or expect. Manage your emotions, trade your edge! Eduwave
OANDA:XAUUSDShort
by EduwaveTrading
Correction down for S&P500Hi traders, Last week SPX500USD followed exactly the path from my previous outlook. Now it closed below the bullish Daily FVG. So next week it could make a correction down into the bullish Weekly FVG. I've updated the wavecount because I don't think we could see a huge drop. Let's see what the market does and react. Trade idea: Wait for a correction down. And after an impulse wave up, a smaller correction down and a change in orderflow to bullish on a lower timeframe, you could trade longs. This shared post is only my point of view on what could be the next move in this pair based on my technical analysis. But I react and trade on what I see in the chart, not what I've predicted or expect. Manage your emotions, trade your edge! Eduwave
OANDA:SPX500USDShort
by EduwaveTrading