AMEX:SPY May 16, 2024 15 Minutes. AMEX:SPY opened gap up. Since long was confirmed as the rectangle was broken out the previous day, i waited for a good close of bar. I bought around 527. I had earlier marked the extension for the range 515 to 522.66 to 519.74. This gave a 1.618 target as 532. For the day, since I always believed gaps are strong if not...
GOLD TRADING SCENARIO ON MAY 16, 2024: Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2283, then Buy Gold immediately. TP hopes to reach 2398, which is further than 2413, but there is a condition that requires at 6:00 p.m. Gold closes above 2388, and vice versa. Gold closes below 2388, then exit Buy and move. Sell direction to 2363. Sell...
Short Term Elliott Wave in SPX suggests that the Index ended wave (4) pullback at 4953.98. From there, it rallies higher in wave (5) as a nesting impulse Elliott Wave structure. Up from wave (4), wave ((i)) ended at 5121.45 and dips in wave ((ii)) ended at 5013.45. The Index is nesting higher within wave ((iii)). Up from wave ((ii)), wave (i) ended at 5200.23 and...
1D Bullish price action and strong uptrend trend line and Fibonacci level 0.618 is crossing on the one line. As you can see, USDOIL appears to be bullish, so it's better to seek long-term trading opportunities. The analysis is provided for educational purposes only. Be aware of the potential risk of loss before making your own trading decision.
Hello All, Please find attached a detailed video on timeline change for wipro, and I am attempting to identify when the next bull run will start.
Gold technical analysis Daily resistance 2361-2400, support below 2327-19 Four-hour resistance is 2345-65, support below is 2327-19 Gold operation advice: Yesterday, gold technology faced a unilateral decline. The Asian and European markets rebounded slightly and were under pressure. The 2364 mark continued to fluctuate downwards and weakened, and then further...
I think the NYSE Composite Index is very helpful in terms of showing where I think the major equity markets are, in terms of a five-wave cycle. I have wave ((1)) ending in October 2007, wave ((2)) ending in March 2009 (Great Financial Crisis), wave ((3)) ending in January 2022 and wave ((4)) ending in October 2022. I expected wave ((4)) to go deeper and get...
Global shares rose while the dollar retreated on Wednesday, after a hot reading of U.S. wholesale inflation set a nervous tone for trading before a consumer price report that could prove decisive about when the Federal Reserve cuts interest rates. The frenzy in so-called meme stocks entered a third day, with shares in AMC and GameStop soaring by more than 25% at...
Looking forward for this structure. Focus for bearish movement. Trade with your risk
I've been eyeing this time zone for a while now. So far we've established a bullish trend line, and we are nearing critical support. My strategy is to short at 50x leverage, allowing our position up to 2% error before liquidation. Always trading small I will use about 3% of my account size as margin Collateral. As trade moves into profit I like to adjust my...
I see XAUUSD currently in wave 5 of (3) of ((3)) of v. I am looking for this move to approach 2600 before a pullback towards 2400. I think the time between the years 1976-1980 is a good reference for where I think we are in XAUUSD's current wave v. Wave v's in XAUUSD tend to be rather extended. Orange ellipses are wave 1's and green ellipses are wave 3's. Big...
As price has poked above 5333.50, the bear scenario has officially been invalidated. I have four different impulse waves from the low of 4963.50 (green ellipses). I see no way to create a diagonal from the price action in the orange ellipse. How these impulse waves will fit together is yet to be determined, but it is likely that ES1! will grind upward for the...
Based on past cycle history, the SHSZ300 (Chinese S&P 500 more or less) tracks the US markets bull runs, though starting with a large delay. We're fed a lot of bad news about China, but the fact is, they're making some economic power moves, and positioning themselves for the AI Industrial Revolution. The Chinese markets are bottoming out, and it's a good time...
Three scenarios here. It is either we are done with wave 2-yellow and this is the last low we will be seeing in a long time since we will be going to $0.40 All Time High or this last swing low wave W-orange is just the beginning of a double combo WXY meaning we will get 20% pump to wave X-orange and then create a lower low for wave Y-orange which will become...
I've heard other pundits that the rise off the lows, the 1,2, 1, 2 was all a wave 1 and the most recent significant pullback was a wave 4. While possible, with the bullish momentum of late, seemingly we're in a wave 3 with some bullishness left in the tank. People indicate market over-valuation but due to the narrowness of market breadth, it seems perhaps only...
This is an old movie, every crypto is pumping but Ripple coin is still at the same price of years ago. I can honestly say that it's pretty frustrating (XRP is a part of my bags, but hopefully a little part) and i think it's worse for who has a big bag of XRP. It's a clear manipulation, some big players are keeping the price low for a reason. Probably we will see a...
💎 In the daily and weekly time, it is moving in an ascending channel, and currently the current wave of the 3rd ascending wave has started from the bottom of the channel. 💎 Scenario 1: Currently, it is placed in an important resistance, which according to the shaded area in the confirmation of its correction process, we can wait for the candle to confirm that this...
Previous analysis worked out perfectly. We are in deep profits and i placed the stops at break even. But now, what's next for BTC? Probably it will not stop now, i think it will keep pumping at least till the $71.000 area where we can maybe have a retrace till $63-65.000. But it's still too early for that. For now, let's enjoy the ride