We appear to be in an Elliott "Wave 5". Wave 5's in commodities tend to extend. Likely a pullback first then next/last leg? . Here is a Near-Term plot of possible retrace to $2307 ===========================================================================================
Hello Everyone, The USD/CAD is approaching a critical juncture, where the sustainability of resistance becomes pivotal. Failure to maintain resistance could pave the way for another upward surge. In terms of trends, there's a discernible gradual bullish retracement, indicating a potential long-term bearish outlook. In summary, should the daily resistance prove...
Hello Everyone, The NZD/USD pair appears ready for additional upward movement! However, it's important to note the significant 1M resistance at 0.601471. We'll be looking for this level to shift into a supportive role to sustain further momentum. Should this level fail to hold, we might anticipate a retest of the weekly support. TradeWithTheTrend3344
NVDA is going to consolidate for at least 3 more months before its next rally
Now that NASDAQ:META has closed above all EMAs on the daily, is it time for long calls? MACD is still negative but now over the SMA on the daily with healthy RSI trending within the ichimoku cloud. Looking for a retest at the Golden Fib Retracement level of 486.80. If we break through that $500 should be inevitable in the long call.
we might not get a good pullback Potential Trade Opportunity: Currency Pair: AUDUSD Position: long Risk to Reward Ratio: 3R Trade Parameters: BUY LIMIT: Entry Point: 0.66142 Stop Loss: 0.66088 Take Profit: 0.66333
Currency Pair: NZDUSD Position: long Risk to Reward Ratio: 3R Trade Parameters: BUY LIMIT: Entry Point: 0.60272 Stop Loss: 0.60231 Take Profit: 0.60402
In this analysis, we'll be focusing on the H2 timeframe for XAUUSD, with key levels at 2320.00 if it breaks below 2320.00, the sell target is identified at 2306, suggesting a bearish trend. Let's delve deeper into these levels and potential outcomes.
Hello Everyone, The anticipated upside move for AUD/USD has finally materialized. Currently, it appears poised for another upward movement towards the yearly pivot point (1Y PP), with the daily support structure showing resilience. TradeWithTheTrend3344
That support it's not easily to break up, and it is makes gold uptrend Don't forget to follow
Hello Everyone, The USD/CHF currency pair appears poised for further downward movement, with current conditions favoring continued bearish momentum. TradeWithTheTrend3344
On the 1-hourly chart, it looks like a regular shorting opportunity with Key Resistance Level retested at the almost perfect, but potential BOJ Intervention zone, so for traders of all kind to ''try their luck!!'' However, on the Grand Scale of things, and it is a Type2 Bearish Shark Pattern on the Daily Chart. After I'd include the buffer, I the market hit...
Hello Everyone, GBP/USD appears poised for additional bullish momentum. Sustained positioning above the 1-month Pivot Point (1M PP) is crucial, and thus far, we've observed the 1M PP effectively functioning as a support level. TradeWithTheTrend3344
Hello Everyone, The USD/JPY appears poised for additional downward movement, with the next significant level to watch being the weekly pivot point. While current indications suggest a bullish continuation, there's potential for a shift towards a bearish trend, setting the stage for another downward wave. TradeWithTheTrend3344
Hello Everyone, The EUR/USD pair has been consistently advancing in a bullish manner. It's currently pivotal for the price to maintain levels above the 1-month, 1-week, and 1-day pivot points. TradeWithTheTrend3344
As you can see Nifty is resting very timidly at the bottom of the channel after confirmation of H&S Break down. Most of the indices were thrashed like bowlers are thrashed in IPL matches this season. If Nifty has to recover it has to be done in next couple of sessions that is Friday or Monday. If the current support around 21900 is broken the next supports are...
CN50USD - 24h expiry The trend of higher lows is located at 11800. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 12800 will confirm the bullish momentum. The measured move target is 12900. We look to Buy at 12650 (stop at 12550) Our profit targets will be 12900 and 12950 Resistance: 12800 / 12850...
Technical Analysis of Stock SOUN Introduction: SOUN, founded by a computer scientist from the dot-com era, has garnered significant attention from investors, including heavyweights like NVDA and Kleiner Perkins. Notably, Kleiner Perkins' backing is a considerable endorsement. The company's innovations, such as AI-powered burger ordering at White Castle,...