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Grand Super Cycle S&P 500 Analysis: Riding the Fifth of the FiftIn Elliott Wave Theory, we're navigating the vast ocean of market cycles, and currently, we find ourselves in uncharted waters: the fifth of the fifth of the Grand Super Cycle or Grand Millennium Wave. This level of analysis delves into macroeconomic cycles of epic proportions, spanning centuries, and it's raising questions, even some of a doomsday nature. 1. The Fifth of the Fifth: Unprecedented Territory We're accustomed to analyzing cycles within cycles, but reaching the fifth of the fifth at the Grand Super Cycle level is unprecedented. This raises profound questions about the nature of market behavior, suggesting we're witnessing historical shifts in global economics. 2. Where Does the Fifth End? The big question is where this fifth wave concludes. The sheer scale of this cycle prompts speculation about significant market events, perhaps even a structural shift in the global financial system. 3. "The Fifth Wave" Movie: Coincidence or Significance? The release of the movie "The Fifth Wave" in 2016 adds an intriguing layer to this analysis. While it's speculative, it's fascinating to ponder if there's a connection between cultural expressions and market cycles. Are there subtle signals in popular media about broader economic shifts? 4. Significance of the Next Correction To grasp the significance of our next correction, we need to understand the scale of the Grand Super Cycle. Consider that the Tech boom and bust, the 2008 real estate Great Recession, and even COVID-19 can be contained within smaller waves. For instance, the Tech boom and bust and 2008 recession could be viewed as an ABC correction in the wave 2 of the Grand Super Cycle, while COVID-19 might be seen as an expanded flat wave within the Millennium Super Cycle, itself a part of a larger wave three of a step up in the Grand Millennium Super Cycle. Conclusion: Analyzing the S&P 500 at the Grand Super Cycle level is like navigating through the cosmos of economic cycles. We're currently at a juncture never seen before, the fifth of the fifth, prompting profound questions about the future trajectory of global markets. While we can't predict with certainty where this wave will end, understanding its scale and significance can provide valuable insights into potential market movements and economic shifts on a grand scale. (Note: This analysis is speculative and based on Elliott Wave Theory. Investors should conduct thorough research and consult with financial professionals before making any investment decisions.)
SP:SPX
by candlestickninja
1
Bullish on MULN: Accelerating Automotive InnovationRecent Buy: $4.14 | .618 Retracement Short Term Target (5/3/24): $5.50 | Intermediate Target (Week Ahead): $6.80+ Stop Loss Trigger: $3.80 Mullen Automotive (NASDAQ: MULN) is gearing up for a bullish run, and here's why I'm optimistic: 1. Electric Vehicle (EV) Sector Growth: The electric vehicle industry is experiencing exponential growth, driven by increasing environmental concerns and technological advancements. Mullen Automotive, with its innovative EV designs, is well-positioned to capitalize on this trend. 2. Strategic Partnerships: Mullen has been forging strategic partnerships to bolster its position in the EV market. Collaborations with established players in the automotive and technology sectors provide Mullen with access to resources and expertise necessary for success. 3. Product Development: Mullen's focus on developing affordable EVs with cutting-edge features and performance sets it apart in the market. The company's commitment to innovation and sustainability is likely to attract a broad customer base. 4. Technical Analysis: After a recent retracement to the .618 Fibonacci level, MULN appears primed for a rebound. The stock has shown resilience at this level, indicating strong support. The MACD and RSI indicators are also signaling a potential uptrend. 5. Catalysts: Several catalysts could drive MULN's stock price higher: Product Launches: Mullen is expected to announce new vehicle models and features, generating excitement among investors and consumers. Earnings Report: Mullen's earnings report is scheduled for 5/17/24. Positive results could provide a significant boost to the stock price. Buy/Sell Targets and Stop Loss: Recent Buy: $4.14 Short Term Target (5/3/24): $5.50 Intermediate Target (Week Ahead): $6.80+ Stop Loss Trigger: $3.80 Earnings Strategy: Considering earnings on 5/17/24, and your plan to hedge against potential sell-offs, you may want to consider the following: Last Buy Decision: Base your last buy decision on the market situation closer to the earnings date. If there's a sell-off before earnings, use it as an opportunity to buy more, ensuring a hedged position. Hedging Strategy: Depending on where the VIX (CBOE Volatility Index) stands, you could employ options strategies such as purchasing protective puts or selling covered calls to hedge against potential downside risk. Managing Positions: If your position is not closed before earnings, closely monitor the market sentiment and your risk exposure. Adjust your hedging strategy accordingly to protect your investment. Conclusion: Mullen Automotive presents a compelling investment opportunity in the EV sector. With a robust product lineup, strategic partnerships, and upcoming earnings, MULN is poised for growth. By carefully managing your positions and employing hedging strategies, you can navigate market volatility and capitalize on MULN's potential. (Note: Always conduct your own research and consider your risk tolerance before investing. Options trading involves risks and may not be suitable for all investors.)
NASDAQ:BINILong
by candlestickninja
NZDUSD: Head and Shoulders Pattern CompletedThe NZDUSD pair has completed a head and shoulders pattern on the daily timeframe, with two bullish engulfing candlestick patterns appearing in the last shoulder, indicating strong momentum pushing the price higher. On the 4-hour timeframe, we can see that the price has broken out of the downtrend and failed to make any lower lows, supporting our view that the price has reversed from a downtrend to an uptrend. However, the price needs to break above the neckline and resistance level at 0.62680, which it failed to do last week. Also, the 200-period moving average on the 4-hour timeframe may act as resistance. Therefore, we expect the price to dip slightly to the area between 0.62243 and 0.61925 before waiting for a buy signal to push the price towards 0.63550. If the price does not bounce off the support area and breaks above the neckline, that would be a signal to buy towards 0.63550. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Long
by Candlestick_OB
EURUSD sideways amid conflicting forcesEURUSD is currently influenced by two forces: the head and shoulders pattern and the bearish engulfing candlestick from March 15th. However, it is also moving sideways due to market indecision in recent weeks. Looking at the 4-hour chart for future price analysis, the price appears to be moving between two levels, 1.0692 and 1.0535, as shown in the dark grey box on the chart. I expect the next price movement to bounce off the upper end of the sideways range at 1.06900, which is also a previous resistance level and the 61.80 Fibonacci level, before heading downwards towards the previous support level at 1.05350. If it breaks this support level, the head and shoulders pattern will be confirmed and we can expect further downward movement. If it fails to break the support level, it will move in another wave within the sideways range. If it doesn't bounce down from 1.06900, its first target will be at 1.07503, and then continue to rise. This is because the 4-hour chart shows a triple bottom pattern with slight divergence in momentum indicators. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
4
Gold Price Analysis for Next WeekThe weekly chart for XAUUSD has formed a bullish engulfing candlestick pattern, indicating that the overall trend for gold in the upcoming days, or at least for this week, is bullish. We can also see these signals on the daily chart. Thus, we have identified the general trend for gold. To determine and analyze its movement during this week, we move to lower time frames (from 8 hours to 1 hour), where we find that the price is moving in an upward channel. It has reached the upper edge of the channel, which is also located in a supply zone and resistance level. We expect the price to correct towards at least 1846 before resuming its upward movement. It may correct further towards the level of 1830, and this scenario is not unlikely, especially since major economic institutions and banks prefer to enter at the lowest possible price to achieve maximum benefit. The price may then rise again, targeting the level of 1865 or even 1870. It is strongly not recommended to trade against the trend unless with extreme caution. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
OANDA:XAUUSDLong
by Candlestick_OB
1
Long Entry for XAUUSDGold is struggling to break above 1795.000. You will see two candlesticks that I drew on that line. A & B: 30-MIN Timeframe, we want price to break and close above 1795.000 with a strong bullish candle. C: Go down to the 5-Min Timeframe, this is where we will look for entry. D: We want the 5min candlestick to close and look similar to the one I drew, The candlestick must retest 1795.00 with only the wick, and close above that level. When 5 min candle has closed we can then take our entry. 20 pips in profit, move SL to Break even. TP 1812.500
OANDA:XAUUSD
by AndreMalherbe
1
Hammer Time!!!Not many analysts on Trading View study candlestick patterns which is why I've started doing this. Hammer candlesticks are quite rare on the daily timeframe, but are almost always bullish for the following days when found at the bottom of a downtrend. As long as this doesn't change too much and we close like this in a couple of hours time, we should start scaling our FIAT back in as its likely we have seen the bottom of this healthy market correction.
BITSTAMP:BTCUSDLong
by Eyeofthestorm
6