#xauusd #elliottwave long buy setup wave 5 1Nov24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Chart Patterns
EURUSD with two probabilities for 11/1/2024This is my idea Nbr 23 after 20 ✅️
EURUSD with a high probability to make the decision for 11/1/2024 ✅️ :
🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss.
🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
Coinbase Double Lower High: Bitcoin, The DXY & EthereumCoinbase's highest volume came in July 2023. In Elliot Wave terms, this would mark the end of the third wave. The move from October 2023 through March 2024 would be the fifth and last wave of a bullish impulse. In this wave, trading volume is lower compared to the previous one.
Good afternoon my fellow trader, Coinbase and Bitcoin move together with some slight variations. If Bitcoin is bullish, Coinbase is bullish. If Coinbase is bullish, Bitcoin is bullish. If Bitcoin turns bearish, Coinbase turns bearish. If Coinbase (COIN) is showing bearish signals and the potential to move lower, it means that Bitcoin is in the same situation.
March 2024 marks the peak of the bullish impulse that started after the late December 2022 low, and in July 2024 we get the first and main lower high. Notice how in October, this month, we get a second and much lower lower high compared to July. The bearish bias and potential is confirmed based on these simple signals.'
Coinbase (COIN) is set to continue lower as long as it trades below the 22-Jul-2024 peak price. A new drop would mean a lower low based on the lower high. Bitcoin, Ethereum and some other of the Crypto-giants are in the same situation. The DXY is utra-bullish and this is bearish for Bitcoin and Coinbase.
Namaste.
Bullish opportunity - Swing trade Double bottom breakout with good volumes. The stock just broken a 20-day high with trading volumes significantly above the 20-day moving average, indicating strong momentum with high market interest.
Powerpool (CVP) Breakdown | 1,135% Back To BaselineGood morning my fellow traders,
Here we can see a major breakdown on the Powerpool (CVPUSDT) chart, when such an unnatural move happens the market tends to seek balance. In this case, this would create a recovery sending prices up to a minimum of 0.400, which is the baseline level. This is the middle range of the long-term consolidation structure that developed between mid-2022 and late 2024.
This recovery is already apparent as we are seeing the highest buy volume ever in a single week, in the first week of September and then again the second highest buying in a week in the current session.
A move higher would only be a natural reaction from the market as a retest of resistance. If we consider a bull-market and bullish sentiment, this baseline resistance level can be broken and even higher becomes possible.
We are potentially looking at bottom prices as this pair/chart already went through a major crash. Sellers were active for five weeks straight and it is the turn for the bulls to join the market and play. This is an easy call. Buy and hold.
Namaste.
GOLD_109 2024.10.31 16:14:04 Trading Signal BUYFrankPro Signal for GOLD_109
Type: Screen
Signal: BUY
TP: 2799.91
SL: 2718.36
Entry Price: 2741.66
Analysis for GOLD
Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Down LT=Up
ST=Up LT=Up
ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, I will provide separate short-term and long-term forecasts for the price of XAUUSD (Gold).
**Short-term Forecast (next few days to a week)**
* The double-top formation at $2,790 may limit further gains for gold, indicating a potential pullback.
* Technical indicators such as RSI, MACD, and ADX suggest a buy signal, but the STOCHRSI and Williams %R indicate overbought conditions, which may lead to a correction.
* Upcoming election uncertainty and geopolitical factors could influence gold prices in the near term, potentially causing volatility.
* Support levels at $2,718.33 and $2,716.94 may be tested if the price pulls back.
**Expected Price Movement:** Down ( potential pullback to test support levels)
**Long-term Forecast (next few weeks to months)**
* Despite potential short-term pullbacks, the overall market sentiment remains bullish, with traders expecting gold to continue its upward trend.
* A stronger EUR/USD is bullish for gold, and the metal's rebound in response to market sentiments suggests a positive long-term outlook.
* The potential impact of a new BRICS currency on gold prices is still being discussed, but it may not have a significant effect on the price in the long term.
**Expected Price Movement:** Up ( continuation of the long-term upward trend)
Please note that these forecasts are based on the provided analysis and are subject to change as new information becomes available.
Result: ST=Down LT=Up
Analysis Method(1)
Based on the analysis of the provided data, here is my assessment of the expected price movement of XAUUSD (Gold vs. US Dollar) for October 31, 2024:
**Short-term Analysis (next 10 days)**
* The technical analysis suggests a bullish sentiment, with the price above both the 50-day and 200-day simple moving averages.
* The 14-day RSI is at 61.21, indicating neutral conditions but with a general bullish outlook.
* The forecast predicts a potential rise in price to around $2,737.47 in the next 10 days.
* Positive drivers, such as a stronger EUR/USD and the overall inflation rate in the United States, support the bullish sentiment.
**Expected Price Movement (Short-term): UP**
**Long-term Analysis**
* The overall trend and sentiment suggest a bullish outlook for gold, with traders remaining bullish despite various influencing factors.
* The resilience of gold prices in the face of election uncertainty and economic data releases indicates a strong underlying demand.
* However, potential increases in U.S. interest rates and a weak U.S. consumer discretionary sector could impact gold prices negatively in the long term.
**Expected Price Movement (Long-term): UP, but with potential volatility and pullbacks**
In summary, based on the analysis, I expect the price of XAUUSD to go up in the short term, with a potential rise to around $2,737.47 in the next 10 days. In the long term, I also expect the price to go up, but with potential volatility and pullbacks due to various market drivers and influencing factors.
Result: ST=Up LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the expected price movement for XAU/USD (gold) in both the short-term and long-term:
**Short-term (next few days to a week):**
* Expected price movement: Down
* Reasoning: The technical indicators suggest a strong buy signal, but the Stochastic RSI and Williams %R indicate that the market is overbought. This suggests that a bearish price correction is likely in the short-term to test the support levels near $2,715.82, $2,716.94, and $2,718.33.
* Potential price target: $2,715-$2,720
**Long-term (next few weeks to months):**
* Expected price movement: Up
* Reasoning: Despite the expected short-term correction, the overall sentiment is bullish, and the technical indicators (RSI, Stochastic Oscillator, and MACD) suggest a strong buy signal. Additionally, a stronger EUR/USD is seen as bullish for gold, which could support a long-term uptrend.
* Potential price target: $2,850-$2,900
Please note that these predictions are based on the provided analysis and are subject to change as new data becomes available. It's always important to monitor market conditions and adjust trading strategies accordingly.
Result: ST=Down LT=Up
GOLD To The Moon Very Soon , Don`t Miss It To Make 500 Pips !We Have a daily broke for daily res , so i think the price will test this broken res and then go up at least 500 pips , it will be very risky entry but let`s see what will happen
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURUSD short ideaI think we have found HTF resistance, I like the shift and i would like to see it drop lower into sell-side at 1.08438
Scenario GBPCADInteresting formation, maybe it's a double top, I'll wait for the breakthrough of the trend line and then try a short position
TSLA.NASDAQ ---Longterm view For everyone that missed the opportunity to jump in the TSLA ship after the breakout at 223-224 , looks like the retracement might give another chance. If TSLA drops to the range of 234.75- 229.11 then a BUY would be very tempting. With the elections less than a week away and weekend in between and due to the fact the Elon Musk has chosen sides, this trade might be too risky for some appetites, so if the opportunity comes a more conservative position size is advisable.
DJI is not my friend next monthLooks like DJI might close with a "shooting star" candle. It's been a nice run and RSI needs to cool down. If this plays out we might be looking at another red month next month (40,800 target).
Yahoo profit Booked and i also posted for you # bitcoin Hello Trader's
Comment down your profit done
And i also posted for you before Selling started
Do don't forget to like or follow
This is only for learning purpose
British pound movementBritish pound movement
Is it time for a .10 c drop?
Long term trend resistance with $1.20 floor support
CHFJPY SELL SETUP !!“Most traders take a good system and destroy it by trying to make it into a perfect system.” - Robert Prechter
NEIROETH, about to explode again soon, may retest 10x again.A new meme coin has emerged and caught the market’s attention with rapid price growth. It’s called Neiro Ethereum and is based on the OG doge meme coin.
After launching, it has risen to a staggering $193 million market cap.
But BTC and overall market selling pressure has dominated everything - and memes took the swipe too -- with so much volatility.
From peaking at a parabolic high of 0.20, NEIRO retraced heavily to an outrageously bargain zone at minus 10x levels to 0.020 zone.
Now, based on the latest daily data metrics. There is an apparent heavy accumulation at the current price range and a strong reversal to the upside is expected from here on.
At a lighter mcap now, the bargain opportunity is too tempting to be missed.
Spotted at 0.0250
Target: Back to previous peak at 0.20
TAYOR.
$SNDL: A MASSIVE 1600% OPPORTUNITY FOR THIS CANNIBIS MICROCAP!NASDAQ:SNDL A MASSIVE 1600% OPPORTUNITY FOR THIS CANNIBIS MICROCAP STOCK! 🌿🤯
Are cannabis stocks back?!
3 Reasons Why in this Video: 📹
1⃣ My "High Five Trade Setup" strategy
2⃣ Catalyst: Decriminalization of MJ in Germany back in April and acquisition of NOVA.
3⃣ Symmetrical Triangle Breakout
Video analysis 2/5 dropping today. Stay tuned!🔔
Like ♥️ Follow 🤳 Share 🔂
Are cannabis stocks back?! Let me know in the comments below.
Not financial advice.
OTC:CRLBF OTC:TCNNF NASDAQ:TLRY TSX:ACB OTC:CURLF OTC:GTBIF AMEX:IWM NASDAQ:QQQ #TradingSignals #TradingTips #options #optiontrading #StockMarket #stocks #CannabisLegalisierung
This is my setup !Those of you who are following me will know my logic!
At the cost of being repetitive
1. Gold indicators need to cool down. No asset moves in a linear fashion (except the Zimbabwean Dollar)
2. Trump is a bit ahead in the presidential race and we all know republicans are known for their inflationary policies
3. Stellar ADP jobs numbers and today's unemployment claims reaffirmed that there is no 'hard landing' in the US economy
4. Easing Geopolitical tensions in the middle east
5. India's gold festival season shopping as ebbing out
6. Non commercial Institutions will go long at a lower level so more sellers will come into play.
What are your views? Please share? Let us not trade in isolation.
Thank you for reading!!
Gold Market Update: Hovering at Record High of $2780/ounceGold is hovering at a record high of $2780 per ounce and is projected to seek stronger demand, testing the $2750 level. Meanwhile, with the DXY market plunging to complete its bullish wedge, gold may continue its upward momentum as it builds a new support base around $2750. follow for more insights , comment , and boost idea thanks
rising wedggetarget achieving soon On this october 16 th the price is near 2630,then its high and without any reason its going to break all time high
Then after its tests 2791 near 2800
now the market showing insignificance so it may bounce back to minumum that level of 2630
XAU/USD Sliding: Tech Levels To NoteGold is pulling down as risk off sentiment creeps into markets.
Whether this will be sustained will be down to a continued short side bias.
Nonetheless, key levels can be noted. Would not consider anything long until lower and even so with a very light size.
Re-shorts reasonable back near high (new key level).
ERUAUD Long OpportunityCOT report is looking solid for EURO and weak for AUD. Looking for an opportunity to go long. The setup might not appear in a way, I think it might. However, if the setup is not how I prefer, I have to practice the most difficult trading skills - patience and letting it go. Hoping for a good setup.
$SPY tough spot right now, but there's still a glimmer of hope!On the daily chart, there are three bearish signals without even considering indicators:
1. Price is below the EMAs.
2. With a gap down.
3. From a coil spring.
On the weekly chart, the trend remains intact. However, if we drop below the fast EMA, a significant test will be the slow EMA.
The key level to watch is the low of the daily channel line at $554, which aligns with the weekly slow EMA at approximately $551. For me, that represents the definitive line in the sand for SPY.
VIX for a blowout Another VIX post which have been received well in the past.
SPX is due for a huge correction and I think this will begin today, alongside all other major indices.
We see a Cup & Handle formation in the making and I believe that this is soon to be confirmed.
It is also resting on a historical trend line as well as various other resistance related metrics.
Target is very conservative with a lot of room to go past the highs in August. Re asses as this moves.
