Fibonacci
HIMS Corrective Wave PullbackLooks like HIMS started its corrective wave pull back. The MACD is about to cross the signal to finish wave B, it most likely will close the gap above. Then I expect it to pull back to around the .5 & .618 fib around $40-45 range where I also there is confluence with the AVWAP from the April 7 pivot around $45. I plan to add in this range before the next leg up.
Bitcoin (BTC/USD) – 1D Outlook🚀 New All-Time High
BTC just printed a fresh ATH, breaking above the previous 109-110K resistance. Price discovery is now fully active support/resistance levels are harder to define clearly in this zone.
📏 Fibonacci Extension Zone
Using the Fibonacci extension of the previous major leg, we get a first realistic target around 130K, slightly front-running the 1.618 level a common zone for major profit-taking.
📌 Things to Monitor
While momentum remains strong, macro risks still hover :
Global recession fears
Geopolitical tensions
CPI / FOMC surprises
Any of those could trigger a risk-off environment, stalling the BTC rally or triggering a sharper correction.
🎯 What’s next?
As long as the trend holds above 103-105K (former structure highs), bulls remain firmly in control. A move to 130K isn’t out of reach but stay reactive to macro shocks that could cool down the rally.
GOLD – Technical Update (1H)
After a strong bullish leg, gold is currently in a natural correction phase.
We're now sitting right on the 50% Fibonacci retracement of the previous move. If the bullish momentum remains intact, this level could act as a solid re-entry point and fuel the next upward push.
However, a deeper retracement into the OTE zone (around 3260–3250) remains possible if the market needs to gather more liquidity before continuing higher.
🔍 Key levels to monitor :
3280-3275 → mid-retracement (current zone)
3260-3250 → deeper OTE support if momentum fades
3340-3360 → target zone if buyers take back control
This is a healthy consolidation in a bullish context. Let's see how price reacts in the next few hours 👀
UNH watch $288-297: Double Golden zone a serious Long Term Buy?UNH keeps getting bad news but may have bottomed.
Wave may have tested Double Golden fibs successfully.
Looking for some consolidation then launch of recovery.
$287.91-296.92 (Gold) is the key zone of interest.
$382.05-384.18 (Red) is the first long term target.
$251.94-255.83 (Green) is the MUST_HOLD bottom.
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Previous Analysis that caught the top EXACTLY
Follow and Boost to encourage more such PRECISE charts.
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BTC is high! Any Weakness?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Bitcoin Breaks to All-Time Highs — What’s Next for Price Structure?
Bitcoin has officially pushed into new all-time highs, and while the move wasn’t entirely unexpected, it still packs a punch. We discussed this possibility in recent videos, though I wasn’t fully convinced at the time. That’s the nature of trading—uncertainty is the cost of admission, and conviction builds as structure confirms.
As always, I was watching the price action closely. BTC started providing the clues needed to lean into the more bullish interpretation. The levels held. The flips were clean. Momentum lined up.
That said, I did take some speculative shorts at lower degrees—not to fight the trend, but to respect possible overextensions within the count. For those following the Elliott Wave roadmap, these intraday reactions were worth probing, but nothing confirmed a larger reversal yet.
The key now is structure.
We’re currently navigating uncharted territory, and in these zones, understanding wave context and market behavior around prior resistance becomes even more critical. There’s no overhead supply—only psychology, fib projections and profit-taking to watch for.
Here’s what I’m focused on:
Clear labeling of the motive sequence—is this the end of a Wave 3 or just a smaller subdivision?
Volume behavior and momentum divergence—looking for any signals that we’re near exhaustion.
Pullback zones—marking areas where Wave 4 or consolidation might emerge, if it’s due.
This is a time to stay sharp, not euphoric.
Trade safe, trade smart, trade clarity.
XAUUSD: Is corrective wave 4 competed?XAUUSD have been in uptrend for sometimes now with small pauses on the way. Given the current wave count we are clearly on corrective wave 4. The question is, is the correction completed or should we expect a further push to the downside? One of the possibilities is that the precious metal is making a complex correction WXY and currently we are bullish to complete wave X before resuming the decline for 4th wave completion.
Is GBPUSD ready for a pullback?With the current wave count the structures show a possibility that impulsive wave 1 is completed. If we are correct we should expect price to drop correctively for wave 2. To take advantage of the decline a trader should find other confluences that support the idea. Trade responsibly.
AA eyes on $27.71: Top of Serious Support Zone for bulls to holdAA has been struggling for a while now.
Current wave up is retracing to a support.
Look for bounce here to continue uptrend.
$ 27.71 is a minor Covid fib at top of zone
$ 27.12 a Golden Genesis fib at zone bottom.
$ 29.44 is a semi-major Covid fib resistance.
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Will BIST100 beat inflation?BIST100, which has been trending horizontally and falling for a long time, I think it can rise from here and the final rise phase will come. It is too early to say this before the new ATH comes, but I think the 10.9k region is the decision point. When it stays above it, after a move to the 11.8 region, the price should be watched carefully and be cautious. It will look like second BTC 69k ath. So in these times, I think it would be more logical to proceed with a shorter hit and run.
Crude Oil – Geopolitical Risks and Stockpiles Impacting PricesThe recent reduction in global trade tensions has helped Crude Oil (WTI) prices recover from lows of 55.64 seen on May 5th, to trade comfortably above 60 for the last 2 weeks. Traders have readjusted their thinking and positioning to account for a slightly more stable background for the global economy, and its potential influence on upcoming demand for Oil.
However, despite this, tests of the recent highs at 65.33, seen on April 23rd, have been few and far between, although yesterday saw a spike in Crude Oil prices up to a 1 month high of 64.60 on a CNN report that suggested that Israel has drawn up plans to attack Iran's nuclear facilities. While prices have since moved lower again, the market reaction to this news does highlight the sensitivity of traders to any potential escalation in geopolitical risks in the region.
It is also important to remember that traders are still awaiting updates on progress from US/Iran talks to curb Iran's nuclear activities. President Trump only a week ago said a deal was getting close, while Iran's top negotiator has seen shed some doubt over whether that's the case. Either way, updates on both of these crucial events may well influence Crude Oil prices moving forward.
Adding to yesterday's volatile moves was a weekly report providing an update on the size of US Oil inventories which always grabs the attention of traders. Yesterday's release quickly dashed any hopes of a fresh move to test higher levels as it outlined an increase in stockpiles to 10 month highs and a fall in gasoline demand, which saw prices fall back lower (61.71 low) into the recent trading range.
This extra volatility within the recent trading range sets up a potentially tense finish to the week for Crude Oil prices, so its often useful to check out the technical landscape for further insight.
Technical Update: Evidence Points to a Sideways Range
Since the sharp acceleration lower into the 55.20 April 9th 2025 low, Crude Oil has seen a consolidation emerge, with the mid-April recovery finding resistance at 65.15, which is equal to the 38.2% Fibonacci retracement of January 15th to April 9th 2025 weakness (see chart below).
This activity looks to have established both upper and lower extremes of a sideways range in price, especially as the latest price movement has been held within these levels, which are 65.15 to the upside and 55.20 to the downside.
Within technical analysis, this highlights something of a ‘battle’ between buyers and sellers, where price weakness is supported by buyers at or just above the 55.20 low, while price strength runs into resistance, as sellers continue to be found near the 38.2% retracement level at 65.15.
Adding Bollinger Bands To Support Trading Decisions
Now look at the chart below, where we include Bollinger bands alongside price action. This also appears to support an argument that a sideways trading range is forming.
The mid-average is currently flat with both the upper and lower Bollinger bands parallel to it, outlining that balanced price volatility is evident for now. This suggests the sideways range may well continue with the upper band, currently at 64.77 and the lower band, currently at 57.36.
We could argue that with the proximity of both the 65.15 Fibonacci retracement resistance to the upside, and the 55.20 April 9th low to the downside, upper extremes of the current range are 64.77/65.15, and lower levels of the current range are between 55.20/57.36.
What Could This Mean for Crude Oil?
For now at least, from a technical perspective the risks appear for the price of Crude Oil to remain within the confines of the current 55.20/57.36 up to 64.77/65.15 trading range, as there is no evidence emerging of an imminent breakout yet.
A closing breakout from the current range is required to suggest potential for a more extended phase of price movement,.
Of course, while any closing break is not a guarantee of a sustained move in the direction of the eventual break, any closes above 65.12/15 might see traders anticipate a further recovery in price towards 68.13, which is equal to the 50% Fibonacci retracement, even 71.17, the higher 61.8% level.
To the downside, closes below the 55.20/57.30 lower daily Bollinger band and April 9th price low, might now be needed to skew possibilities towards a more extended phase of weakness.
Such activity might then suggest potential for further downside, towards 51.38, which was a price low established in January 2021.
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Has the S&P 500 rally ended?The US stock indices saw a noticeable drop in recent trading sessions, as markets wait for President Donald Trump’s new tax plan and its implications for US debt.
The S&P 500 had surged more than 23% since April, but the rally seems to have ended from a technical point of view, reflecting rising concerns about the US economy.
A bearish divergence appeared while prices were making higher highs, the RSI (Relative Strength Index) was making lower highs. This is a negative signal, and it played out clearly, pushing the index down to a new low. This suggests that bearish momentum is still strong.
What’s the possible next move?
Any current rise in the market may just be a temporary correction in a larger downtrend. A key resistance level for the S&P 500 is 5,937.55, which is 78% of the recent move based on Fibonacci retracement. The price could react negatively there, either with a small pullback or by continuing the downward trend toward 5,850.23.
However, if the price rises above 5,971.53 and closes above it on the daily chart, the negative outlook would be invalidated, and it could signal the beginning of a new upward trend.
PLTR eyes on $133.37: Golden Genesis fib that could mark a TOP PLTR with a ferocious recovery from tariff tantrums.
Bounce into All Time High has hit a Golden Genesis fib.
It is in tight confluence with a Golden Covid for strength.
$133.27 is the exact Golden Genesis fib.
$129.74 is a Golden Covid fib reinforcing.
$121.86 is the first strong support below.
Previous alert given at sister Golden Below:
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NZDJPY Wave Analysis – 22 May 2025- NZDJPY reversed from resistance zone
- Likely to fall to support level 84.00
NZDJPY currency pair recently reversed down from the resistance zone between the resistance level 87.30 (which has been reversing the price from February, as can be seen below), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from November.
The downward reversal from the resistance zone stopped the previous intermediate ABC correction (A).
Given the overriding daily downtrend, NZDJPY currency pair can be expected to fall to the next support level 84.00 (low of the previous minor correction B).
NEAR Protocol price analysisIt's really hard for CRYPTOCAP:NEAR to grow now....
If we look at the wave analysis, we can assume that the OKX:NEARUSDT price could drop to $2.30-2.50 once again.
And from there, with renewed vigor, it will start upwards to break out of the protracted falling channel above $4.50
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SUI — Breakout or Breakdown? Long & Short SetupsSUI has been trapped in a trading range for the past 6 days, consolidating between key levels and building up liquidity for the next big move. When price goes quiet like this after an impulsive structure, it’s not time to trade—it’s time to observe, analyse, and prepare.
So, where’s the next high-probability setup?
Let’s break it down:
🔹 Elliott Wave Context
From my previous SUI analysis, I identified a completed 5-wave impulse structure. After such a move, a corrective ABC pattern is typically next.
SUI has been respecting technical levels with surprising accuracy throughout this cycle—especially Fibonacci levels and key horizontal zones.
📉 ABC Correction in Progress?
Wave A appears to be completed, and Wave B was rejected at the yearly level in perfect confluence with the golden pocket (0.618–0.666) retracement of Wave A. This strongly suggests that Wave C is now unfolding.
Using the 1:1 trend-based Fib extension, the projected Wave C target lands at:
➡️ $3.6413
Let’s dig deeper—does this level hold up under further scrutiny?
🔍 Multi-Layered Confluence at $3.56–$3.64
Here’s what aligns at this potential support zone:
1:1 Fib extension (Wave A = Wave C) → $3.6413
0.55 Fib retracement (from $3.1132 to $4.2967) → ~$3.64
Volume Profile POC from prior range → ~$3.59
0.618 Fib retracement → $3.5653
Weekly level → $3.5594
21-Day EMA → $3.5537
21-Day SMA → $3.6319
0.75 Fib Speed Fan (if hit on May 16) → aligns with zone
This stack of levels gives us a tightly packed, high-conviction support area between:
📍 $3.56 – $3.646
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🟢 Long Setup Idea:
Entry Zone: Ladder entries between $3.56 and $3.75
Stop-Loss: $3.4546 (beneath confluence zone)
Take-Profit Target: $4.588 (0.786 Fib retracement + -0.236 Fib extension)
R:R: ~5:1
🚫 Invalidation: If SUI reclaims the yearly level at $4.1152 before revisiting this support, the setup is invalidated.
🔴 Short Setup Idea:
If SUI pushes into the 0.786 Fib retracement at $4.588 and shows clear rejection (e.g., SFP, bearish engulfing, high-volume reversal), a short can be considered.
Entry: On rejection at $4.588
Stop-Loss: ~$4.714
Targets:
TP1: $4.325 (recent highs)
TP2: $4.1152 (yearly level)
🧠 Final Thoughts:
This is where trading becomes a game of patience. I’ve mapped both long and short setups based on structure, confluence, and price behaviour. Now it’s about waiting for price to come to your levels.
⏰ Alarms set.
📈 Let the chart do the work.
More updates to come as the range resolves. Stay sharp!
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Las Vegas Sands May Show Signs of PeakingLas Vegas Sands bounced sharply in recent weeks, but some traders may think its longer-term downtrend will resume.
The first pattern on today’s chart is the decline from mid-December through early April. The casino stock retraced half that move before stalling. It also seems to be hitting resistance at a weekly close from March 21.
Second, the 50-day simple moving average (SMA) is under the 100-day SMA. Both are declining. That may be consistent with a longer-term downtrend.
Third, the stock has fallen back below its 8-day exponential moving average. That may suggest its short-term trend is no longer bullish.
Finally, stochastics are dipping from an overbought condition.
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$SPY May 22, 2025AMEX:SPY May 22, 2025
15 Minutes.
Last week I expected the retracement towards 580 levels as numbers were far away from moving averages. But AMEX:SPY kept moving towards595 and suddenly broke yesterday towards 582 levels.
I expect it to settle down around 579 - 581 levels then a pull back is on cards as now we have the reverse on the cards with the 200 being away again.
On left side we have a big gap around 570 - 577 levels which I feel will be sorted out before a consolidation.
The weakness below 590 has keto 582 levels.
At the moment if 578 is broken i see support around 573 574 levels.