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Economic Cycles

Buyback Watch for Swing TradingEarnings are over so buybacks are back in the mix. The market is likely to continue to be volatile and choppy until all the ETF investors who want to sell have done so. Then, the uptrend is likely to resume because there are not enough barometers warning of a recession AND we just had one 3 years ago. Buybacks tend to drive price up, so they are a good swing and momentum trading strategy. Notice how neatly the support from previous highs halted the run down. Reversal points at strong support levels are one area to watch for buyback patterns.
NASDAQ:AAPL
by MarthaStokesCMT-TechniTrader
1
KLCI.Who/what made Malaysia's economic will boom again? 8/8/24KLCI / FBMKLCI index will hit reach ATH toward 2200 by 2026? What and who "make it" happen? Robberly it's the A.I, Chips sector. And what Make Malaysia as a "hub" of A.I Data Centre? Compare to STI (Singapore) and SET (Thailand) Chart. FBMKLCI chart almost identical! = It probably meant not because who was PM of Malaysia during 80s "making" Malaysia's GDP grow higher! It's "Cycle Trend/ circumstances?!!". AND. The "Cycle Trend/ Circumstances" was "created" by its millions of citizens! as "weather!" not just because 1 person! P/s. AND Most politicians are "good opportunist" they know how to "grab" the "cycle/Trend"!.
FTSEMYX:FBMKLCILong
by SteveTan
Elliott Wave Intraday Analysis on Silver (XAGUSD) Looking to BuyShort Term Elliott Wave View in Silver (XAGUSD) suggests that pullback to 28.58 low ended a wave (A). The metal turned higher again in wave (B) ended at 31.75 high. The market resuming lower from wave (B) high breaking below 28.58 low to rule a larger correction. It means, Silver is developing a wave (C) of ((4)) as a zig zag Elliott Wave structure. Down from wave (B), wave ((i)) ended at 28.65 and wave ((ii)) ended at 29.45. Wave ((iii)) lower ended at 27.40, and pullback in wave ((iv)) ended at 28.19. Wave ((v)) ended at 27.29 which completed wave 1. Pullback in wave 2 ended at 29.22 high and the metal resumed lower in wave 3. Down from wave 2, wave ((i)) ended at 27.93 and wave ((ii)) ended at 28.67. Wave ((iii)) lower ended at 26.49, and pullback in wave ((iv)) built a triangle structure ended at 27.16. Currently, silver is trading in wave ((v)) of 3. We are calling for one more low to end the cycle. The ideal place to end this wave comes in 26.32 – 26.06 area, where buyers should appear to start wave 4 pullback. Near term, as far as pivot at 29.22 high stays intact, expect pullback as wave 4 to fail in 3, 7 or 11 swing for further downside in wave 5 of (C).
FX_IDC:XAGUSD
by Elliottwave-Forecast
Potential Short position BTCI've been tracking Bitcoin's recent movements, and I believe we're seeing a classic Wyckoff distribution pattern play out. Key Levels and Phases Phase A (Buying Climax - BC): We saw a significant buying climax, where the price reached a peak in the upper $70,000s. An Automatic Reaction (AR) followed, pulling back to around the mid $60,000s. Phase B: During this phase, the price oscillated between the mid $60,000s and the upper $70,000s, forming a series of Secondary Tests (ST) and minor Signs of Weakness (SOW). Notice the increased volatility and volume spikes, typical in this phase. Phase C: We might be in Phase C, where a potential Last Point of Supply (LPSY) is forming. The recent rally failed to break the resistance in the low $70,000s, indicating potential weakness. Diminishing Volume: The recent rally to the low $70,000s saw diminishing volume, hinting at a lack of buying interest. Bearish Signals Major SOW? The price broke below the minor SOW level (mid $50,000s) and bounced back, possibly confirming a major SOW. RSI Divergence: The RSI is showing bearish divergence with multiple bear signals since March. Trading Strategy Short Position: If the price fails to break above the low $70,000s again and shows bearish signs, consider entering a short position. Target the previous support levels around the mid $60,000s and mid $50,000s. Stop Loss: Place your stop loss just above the low $70,000s to manage risk. Remember, always do your own research and trade responsibly. Happy trading!
COINBASE:BTCUSDShort
by ADSV11
1
Long trade Observation - Price on Sat 3rd Aug 24 The price failed to break higher than 61778.3, indicating a lack of buying interest. Reviewing the Fear and Greed Index for Bitcoin on Saturday, 3rd August, also highlighted a moderate level of fear, suggesting cautious sentiment among investors. Since then, Bitcoin's resilience has subsided with a downturn that has been disruptive to the asset class. I observed that the price shifted to the downside by 25.10%, falling to the mapped-out demand zone of 49035.7 to 48670.5. Reason for Buyside trade.? Observing that the price had reached a prime zone, a buyside trade was placed aiming for the target level TP2 with a profit of £60,500.0 (12.41%).
Long
by davidjulien369
QQQ Completed a Cycle Expecting to Resume the RallyShort Term Elliott Wave in QQQ suggests that the ETF has completed a bearish sequence from 7.11.2024 high. The decline made a zig zag Elliott Wave structure. Down from 7.11.2024 high, wave (A) ended at 455.63 low. Rally in wave (B) ended at 475.61 with internal subdivision as a expanded flat structure. Up from wave (A), wave A ended at 467.94 and wave B ended at 452.31. Wave C higher ended at 475.61 which completed wave (B) in higher degree. Then, QQQ turned lower in wave (C) with internal subdivision as an impulse structure. Down from wave (B), wave 1 ended at 444.47 and wave 2 ended at 450.49. Wave 3 lower ended at 426.59 and wave 4 ended at 436.17. Final leg wave 5 ended at 420.00 which completed wave (C) and ((4)) in higher degree. The current rally is in progress expecting to continue higher as wave ((5)). Near term, we are calling a leading diagonal as wave 1 of (1) of ((5)). This wave 1 ended at 447.07 high. Now, we are expecting to correct the cycle as wave 2 before resuming to the update in wave 3. The view is valid as price action stays above 420.00 low.
NASDAQ:QQQ
by Elliottwave-Forecast
1
THE GREATEST LONG // BTCUSD (August 2024)Fiat is flowing fluidly into TOTAL after the after-math of this weekend's price action 2740 was the key level in which the dive to sub-2k level on Ethereum happened BTC/ETH dominance will stagger as alt-coins receive liquidity It's a little late for alt-coin summer, but at least we have alt-coin autumn now It is beyond contrarian to open a long position when everyone else is shaking in fear, but it's now or never if you want to catch the ride up to 100k BTC. You heard it here first. Best in all, dysonring2050
KRAKEN:BTCUSDLong
by dysonring2050
Oil (CL) Should Continue Lower to Build an Impulsive StructureShort Term Elliott Wave View in Oil (CL) suggests that cycle from 4.12.2024 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 4.12.2024 high, wave (1) ended at 72.48 and rally in wave (2) ended at 84.55. The commodity has turned lower in wave (3) with internal subdivision as another impulse in lesser degree. Down from wave (2), wave (i) ended at 83.07 and rally in wave (ii) ended at 83.45. Oil then extended lower in wave (iii) towards 81.25 and wave (iv) ended at 82.16. Final leg wave (v) ended at 80.81 which completed wave ((i)) in higher degree. Wave ((ii)) unfolded in an expanded flat structure where wave (a) ended at 83.74. Wave (b) lower ended at 80.22, and rally in wave (c) ended at 83.82 which completed wave ((ii)). Oil has turned lower in wave ((iii)) ended at 76.40 low. The market built an expanded flat correction as wave ((iv)) finishing at 78.60 high and turned lower again. CL broke below wave ((iii)) to end wave ((v)) of 1 at 74.59 low and also we ended wave 1 of (3). Up from wave 1, the market bounce in a zig zag correction ending wave 2 at 78.88 high and starting wave 3 of (3) to the downside. After 5 swings lower, wave ((i)) of 3 completed at 71.67 low and currently we are calling 3 swings higher to end wave ((ii)) pullback before resuming lower. Therefore, we expect further downside to complete wave ((iii)) of 3. Near term, as far as pivot at 78.88 high stays intact, expect rallies to fail in 3, 7, or 11 swing for further downside.
NYMEX:CL1!
by Elliottwave-Forecast
Long trade Sun 5th Aug 24 Buyside Trade NY Session PM 9:00 pm (NY Time) Entry: 53215.0 Profit Level: 60830.2 (14.31%) Stop Level: 51904.5 (2.46%) RR: 5.81 15-minute TF Entry Reason: Bitcoin Price Update: Bitcoin price is £42,760.49, down 9.96% in the last 24 hours, and the live market cap is £843,907,709,117.72. It has a circulating supply of 19,735,690 BTC coins with a max supply of 21,000,000 BTC and a £48B 24-hour trading volume. Observed a pivotal shift in market trend and change in direction to the upside. Indicators: RSI (Relative Strength Index): Regular bearish divergence at 49.40 (overbought) Volume Analysis: Red & yellow cluster signal
Long
by davidjulien369
XAUUSD Gold to 4KTimeline is 6 months - 2 years The crash has already started. At some point everyone will start to sell thier treasury bonds, yields will go up proportionally to inflation until the dollar loses it's status as the global currency and dramatic measures are used to stop inflation resulting in stagflation and yield recovery. Else hyper inflation and the dollar is replaced entirely. I see the momentum indicators shifting in various markets. Below is a brief summary of each, relevant indicators/markets. see charts. US1YRBILLS WTI CRUDE SILVERUSD BONKCOIN TSLA
OANDA:XAUUSDLong
by Mikhiavelli
3