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Elliott Wave

One More Close and SPY Will be Running!!!Typically I share the signals of my King Trading Momentum Strategy, which combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes and even a little thing called Beta! But this time it is all about technical analysis. On SPY I originally thought we truncated wave 5 but now that we closed above the all-time high just one more close higher to confirm and this one is off to the races. Today it even retested breakout, held and bounced hard higher into close (super bullish). Impulsive waves are important to me with my momentum strategy, as instead of chasing missed opportunities I simply take the next signal on the hourly, as the strategy is optimized for over 100 beloved equities (if enabled in options)! There is always another trade when SPY goes impulsive! Currently signals have fired on TNA, SPXL, SOXL, TQQQ & UDOW (3x leveraged ETFs) just to name a few. If that doesn't make you feel bullish then I'm not sure what will!
AMEX:SPYLong
by KingTrading999
Wave 4 Triangle or Running Flat? Key Levels to Watch!As seen in the chart, I'm tracking a potential Wave 4 triangle forming in gold. The price action has respected the A-B-C-D-E structure so far, suggesting that consolidation might be nearing completion before a breakout into Wave 5. However, if the price breaks above Wave D's high prematurely, this would invalidate the triangle and suggest that Wave 4 already ended as a running flat, meaning we may already be in the early stages of Wave 5. Key Levels to Watch: 🔹 Resistance: – The triangle scenario is invalid if the price breaks above this level without completing Wave E. 🔹 Support Zone: – Holding above this would strengthen the case for a triangle breakout. 🔹 Invalidation: A strong impulse below the support zone could indicate a deeper correction instead of Wave 5 beginning. If the triangle holds, we could see one more touch of support before Wave 5 extends higher. Otherwise, the market may already be heading up in a more aggressive move. Which scenario do you think will play out? Drop your thoughts below!
OANDA:XAUUSDLong
by ElliottWaveFxMajors
EURUSD Hits Resistances—Reversal Incoming?As I expected in the previous post , the EURUSD( FX:EURUSD ) touched my Targets and is creating the second top of the ascending channel. The EURUSD is in the Resistance zone($1.0537-$1.04500) , Potential Reversal Zone(PRZ) , Resistance lines , and Time Reversal Zone(TRZ) near the Monthly Resistance(1) and the upper line of the ascending channel. In terms of Elliott wave theory , EURUSD seems to be completing microwave 5 of the main wave C of the Zigzag Correction(ABC/5-3-5) . I expect the EURUSD to start falling soon, and it is likely to form a Head and Shoulders Pattern to continue the decline. Note: If EURUSD touches $1.055, we can expect more pumps. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
9
BITCOIN → Consolidation. Shake-out before growth to 110KBINANCE:BTCUSD is consolidating both locally and globally. The market lacks drivers, but at the same time, big players continue to keep the coin from falling further Bitcoin is in consolidation or in a localized correction due to Trump putting cryptocurrencies on the back burner. No supportive executive orders have been issued, except that there is a little noise around the federal reserve, but only from the states and that is in question what assets will fill this fund, confiscated or still politicians will start buying BTC. As for the global economy regarding bitcoin, a lull has been forming lately. Except for SOL and DOGE, for which the SEC has already started accepting applications to launch ETFs. Technically, I'm keeping an eye on local consolidation: 94800 - 98400. A breakout of resistance could give hope to the market and in that case bitcoin could strengthen to 102 - 107K Resistance levels: 98.4, 100.2, 102.7 Support levels: 94.8, 91.3 But, based on the general technical situation, there is a huge pool of liquidity in the 91-90K zone and before further growth the price may test this zone and form a false breakdown before the market returns to active buying. Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
34
EURUSD Wave Analysis – 18 February 2025 - EURUSD reversed from the resistance zone - Likely to fall to support level 1.0400 EURUSD currency pair recently reversed down from the resistance zone located between the resistance level 1.0500 (which has been reversing the price from December), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from November. The price will form the daily Japanese candlesticks reversal pattern Evening Star Doji if the pair closes today near the current levels (strong sell signal for EURUSD). Given the clear daily downtrend, EURUSD currency pair can be expected to fall to the next support level 1.0400.
Short
by FxProGlobal
XAUUSD H1: What is happening to GOLD?Technical analysis: The price line is still showing a continued uptrend, important levels are broken and ready for a new ETH GOLD peak! 2 important price zones in the current uptrend are 2934, 2942. Gold investors all see that gold has a strong upward trend, reaching 2940 USD/oz from October 2023 to present, surpassing the resistance of 2000 USD, showing a strong upward trend. However, if we consider the movements, gold has increased 4 times per week and there is a high possibility that there will be an adjustment in this sensitive area. If we consider the cycle, gold in the monthly frame is still in the same upward phase as the quarterly frame, but currently we see that gold has increased for 27 months, corresponding to enough time for a monthly increase phase. Fundamental Analysis Gold prices were flat in the first session of the week as investors awaited further details on US President Donald Trump's tariff plans, which could escalate global trade tensions. Senior Trump administration officials will begin peace talks with Russia and Ukraine in Saudi Arabia in the coming days, which is news that many investors are interested in. Gold has been seen as a safe haven asset during the recent period when geopolitical tensions have escalated.
OANDA:XAUUSDLong
by xauusd_rr
1
SPX Long Trade Setup Analysis (3H Timeframe - Vantage)🔹 Current Setup: - 🦈 The Bullish Shark Pattern has completed at D (5912.17), indicating a potential reversal zone. - 📉 Price is currently bouncing off the 1.001 Fibonacci extension level. - 📍 Key Resistance Levels (Take Profit Targets): - 🎯 TP1: Fibonacci 27.2% extension (~6201.66) - 🎯 TP2: Fibonacci 61.8% extension (~6286.52) - 📍 Key Support Levels: - ❗ Critical Stop Zone: 5889.73 (inside the previously broken channel) - 🔻 Deeper Bearish Target: 5782.41 (161.8% Fibonacci extension) 📈 Bullish Scenario (Long Setup) - 🟢 Entry: Above 5945 (current market price) - 🎯 Take Profit 1: 6201 (27.2% Fibonacci extension) - 🎯 Take Profit 2: 6286 (61.8% Fibonacci extension) - 🔴 Stop Loss: Below 5890 (to avoid whipsaws) ✅ Justification: - 🔹 Price has bounced from a strong Fibonacci support level - 🔹 Harmonic pattern suggests a potential bullish reversal - 🔹 TP targets align with Fibonacci extension levels and previous structure resistance 📉 Bearish Scenario (Short Setup) - ❌ Invalidation Level: Below 5880 - 🔻 Downside Targets: - 5820: First support area - 5782: 161.8% Fibonacci extension ✅ Justification: - ❗ If the price breaks below 5890, the harmonic pattern fails, signaling more downside - ❗ 5782 aligns with channel equilibrium, meaning a further drop could happen ⚡ Key Takeaways - 🔹 Bullish bias above 5912, bearish below 5890 - 🔹 A break above 6000 will confirm the uptrend - 🔹 A break below 5880 could lead to 5782 or lower
VANTAGE:SP500Long
by Who-Is-Caerus
PYTHUSDT: A Massive Move Incoming? Watch This Level Closely! Yello, Paradisers! Is PYTHUSDT about to break out, or is a deeper drop still on the table? Let’s break it down. 💎PYTHUSDT has formed a well-structured descending channel with a corrective wave pattern and bullish divergence, signaling a strong probability of an upcoming bullish move. However, confirmation is key. 💎If PYTHUSDT breaks out and closes candle above the resistance zone, this will validate the descending channel and could trigger a bullish move. 💎In case of panic selling or a deeper retracement, we may see a temporary bounce, but the real focus should be on the resistance zone and a confirmed breakout for a high-probability setup. 💎On the flip side, if PYTHUSDT breaks down and closes candle below the key support level, the bullish setup will be invalidated, and waiting for better price action would be the smarter approach. 🎖 The key here is patience and precision—don’t jump in blindly. Watch for confirmation, trade with discipline, and always wait for the best setups. The market rewards those who stay ahead of the herd! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
2
Emerging Markets Are Breaking Higher; Be Aware Of Lower USDollarEmerging markets, represented by the EEM chart, have been trending lower since October 2024 in what appears to be a complex W-X-Y corrective pattern. Meanwhile, the US Dollar Index (DXY) experienced a strong rally, driven by Trump’s victory in the US elections. However, the rally formed a wedge pattern, which suggests that its upside momentum may be coming to an end. Why is the correlation between EEM and DXY important? If the Trump administration pushes oil prices lower, inflation expectations could also decline. This would likely lead to lower interest rates, which in turn could weigh on the USD. In such a scenario, capital may flow out of the US and into emerging markets. Now that EEM is recovering and breaking above a key channel resistance, it signals that bullish momentum is returning. If this trend continues on EEM to 2024 highs, then DXY could decline to the 105–103 range—or possibly even as low as 100.
AMEX:EEM
by ew-forecast
PECCA will create 5th WAVE The current price is 1.43 with a gain of 0.04 (+2.88%). The stock is currently trading at 1.43, up from an earlier value of 1.42. Key technical indicators visible include: Volume (Vol 20): 4.94M shares with 2.89M average Multiple moving averages: SMA 50 (1.44), SMA 20 (1.45), SMA 10 (1.42), and SMA 200 (1.34) Supertrend indicators with values 1.92 and 1.39 The chart shows several buy and sell signals marked throughout the price history, with the most recent being a "Sell" signal near the current price level. There's a notable pattern of price movement between support and resistance levels, with diagonal trendlines drawn on the chart. The lower panels display volume data, cash flow metrics, and net income figures with specific Malaysian Ringgit (MYR) values noted at different time periods (Sep '23, Dec '23, Mar '24, Jun '24, Sep '24). The price appears to have recently declined from a peak around 1.55, but remains above the longer-term SMA 200 support level of 1.34.
MYX:PECCALong
by pengamalgelombang
Formation of SPRING on FBMKLCI Fledgling IndexThe current price is 18,837.49, down 27.47 points (-0.14%). The chart displays several moving averages (SMA 50, 20, and 10) and appears to be in a downtrend, with price currently at a support level around 18,900. Multiple buy and sell signals are marked on the chart, with the most recent activity showing selling pressure. The price has formed lower highs and lower lows since reaching a peak around 19,700. The bottom panel shows volume indicators and some financial metrics including "Cash from operating activities - FQ" and "Net income (cash flow) - FQ". The chart includes various technical indicators and appears to be from a trading platform with drawing tools visible at the top.
FTSEMYX:FBMFLGLong
by pengamalgelombang