Fibonacci
GBP/USD - Sell Trade IdeaAfternoon Traders
After Analysing this pair in this weeks outlook we are approaching an early week trade Idea
I wont be breaking this down in this post as I will link the post I did the break down to this.
We are looking to break the Internal Protected Low before retesting some sort of Premium supply before selling off taking out the Daily Low
Good Luck to anyone who follows
NQ Daily Mark Up 2/10/25NQ is be very bullish since opening last night. One could only assume it will continue up. I am expecting just that. It may settle for a min in consolidation before rallying back up but we will get some points!
As always I have marked up both ways! Please be mindful of your contract sizes and risk . Stick to your trading plan! Good luck .
SL is around $600
Claasic Zigzag on DocuSign. DOCUIt is always fun to see the easy picks unfold. The textbook type. Not only are they easy to spot, if you actually read trader literature, they make further position management much, much easier. Adaptive indicators, momentum are in agreement with the Elliott Wave take on this picture.
OTHERS data points to biggest ALT-Season Good Day Investors and traders,
This the OTHERS on the weekly and I have taken some measured moves in what could be expected in time and price.
The OTHERS chart in my opinion is the last form of the higher risk curve which generally happens at the very end of cycles The others does not include the top ten crypto, so it a very good form of risk on.
I have been looking at the OTHERS chart fairly often of recent times because this is the time for it to really outshine Bitcoin and lead the market with fairly explosive gains.
I have marked a couple of possible time lines that could occur and both seem to be lining up in sort of way or another. From what I can see, others has one big wave remaining, and it’s the one you don’t want to miss
The Indicators
Fibonacci retracement
I have placed a potential take profit zone from the 1.272 to the 1.618 levels and anywhere in between. I have added an up trending channel that OTHERS would have to hold to stay somewhat relevant or then could be susceptible to adjustment.
2.RSI
I have measured the first breakout of the RSI from the 2015-17 and 2019-21 bull runs along with this one so far. The one more relevant to us is 2015-17 as this is the cycle we are more closely following. There seems to be a recurring trend of 90 plus bars before a top to OTHERS. One more thing that really stands out to me in the RSI this the first time it has shown a very strong bearish divergence. normally it seems to maintain or gain strength. right to the very end. time will reveal the real issue here.
3. ISO
The average sentiment oscillator to also show very consistent data for us. I have two measurements. The one points to late July and the the other late October. To me this could be the potential ALT-season time frame from July as it fizzles in the October time frame.
My suggestion to you is follow what you have been taught so far, do not get greedy, take profits when they are there and trust your game plan and stick to it. ALT- SEASON can you a lot of money, or lose you a lot of money. By design, its there to take any profits you have may have, or catch any late coming stragglers. Don’t get caught up in the hoopla.
Once again, I ask you for you input, I really want to hear from you.
Check my bio for more links and information
Kind regards,
WeAreSat0shi
A Harmonic on Richtech Robotics? RRThis is another scenario in an otherwise bullish picture, technically speaking. Early days if the D in the XABCD is really forming, so like with most things time will tell. Fibonacci cluster levels show some static trading targets. In practice we never use static targeting in our trading.
Dow Jones (March 2025) - Leading The Stock Index PackAs of recently, YM have been seen stepping outside of the usual correlation ES and NQ would have as YM is presenting me with lower prices for the week than Nasdaq and ES indicating that further downside movement is possible this week.
Just like the rest of the market, there is a lot of indecision based on the tariffs Donald Trump is waiting to implement and we are seeing the splitting image of human psychology for YM. Investors and traders are currently unsure.
One Up on LYFT. LYFTIt appears that we might be leaving a tight trading range on the background of increasing peaks on VZO, RSX and BB %PCT. Tight trading ranges can be parts of B Waves if you follow Elliott. If that is the case, then we have more room to grow to the upside from that perspective as well. VWAP forms support as well.
ZB1! - Immaculate Draw on Buystops! What’s Next?This weeks breakdown covers the similarities bonds and yields have and as mentioned in my most recent analysis with Yields, I was loooking for a draw down to discounted prices.
With that bias in mind, Bonds would be more likely to trade higher as they both highly correlated.
$SPY February 10, 2025AMEX:SPY February 10, 2025
15 Minutes
For the rise 595.99 to 608.13 AMEX:SPY retraced 61.8%. So, 601-602 is a good level to go long with SL 598.
Since the retracement was 61.8% double top is possible around 607-608 levels.
So looks good R:R ratio.
Foe the fall 6018.13 to 600.65 need to cross 605.5 for uptrend.
Hence 601-602 buy will have a target 604-605 levels.
But AMEX:SPY at the moment is below moving averages with 200 and 50 being around 603 to 604 levels which i expect to be resisted.
Hence no trade today.
Launch on Serve Robotics. SERVWe are really liking the amalgamation of factors in this picture. Just have a look at that bullish candle just smashing through the MIDAS curve in green. US and vWAP offer resistance in tandem. Bollinger Band %PCT crossed to bullish and the other two oscillators below also threw of signs in tandem. High probability situation here if you are going long.
GOLD → The northbound train continues to make its way to 3KFX:XAUUSD continues its aggressive rally. The reasons for growth are the same as before - high economic risks. The price is getting closer and closer to the cherished goal of $3000.
Gold exceeded $2,850 at the beginning of the week in the U.S., but its growth is limited by the strengthening of the dollar due to increased trade risks.Trump announced new 25% tariffs on imports of steel and aluminum.
Gold is further supported by rising PBOC reserves and expectations of stimulus from China. However, the dollar may continue to strengthen ahead of US inflation data, limiting gold gains. Expectations of a dovish Fed and trade risks will help contain gold's decline.
Technically, the next two levels are important for us: the psychological level of 2900 and the key support of 2882.
Resistance levels: 2900 (not confirmed)
Support levels: 2882, 2870, 2855
The bulls can consolidate above 2900 without a pullback and continue the rally, but the most likely scenario is a false break of 2900, correction to 2882 to accumulate liquidity before continuing the rally northward
Regards R. Linda!
EURNZD Elliotwaves update: Wave 5 ended with a diagonal The week has started by price pushing lower to complete wave 5 with an ending diagonal. Currently price have made first impulsive wave to the upside. If this count is correct I anticipate a correction for wave 2 before pushing higher. Remember this is counter trend. #Elliotwavesglobal
Lululemon is Getting Sour. LULUThis is not a perfect harmonic, far from it. The AB bounce is quite high, although mostly in wick, and BCD is only 0.786 of XAB fibtime wise. Nonetheless, vWAP cross happened with the bearish engulfing and Ehlers UltraSmoother is resistant with down going gradient. Stoch/RSI and VZO flipped a while back and %PCT has been progressively dropping and will no doubt flip soon with that bearish candle.
GBN/NZD Elliot waves update: Is wave B forming a triangle?GBP/NZD has completed a leading diagonal for Wave A, signaling a potential corrective structure. Wave B appears to be unfolding as a triangle, suggesting a continuation pattern before Wave C develops. Traders should watch for confirmation of the triangle breakout for the next move. Stay prepared for potential trading opportunities #elliotwavesglobal
Expanding Triangle on NuScale Power. SMRIndeed. 0.618 rally correction is followed now by a tenuous recovery. May it be E wave of triangle and technical indicators seem to brOadly support this notion. Bullish crosses in tandem on the VZO and Ehlers Stoch RSI, although the latter is a bit flat. Cross of the top end of the MIDAS envelope with positive gradient on both the US and vWAP lines. Time will tell.
Total Crypto Market Capitalization prediction for 2025 v.2.0☀️ A ray of hope from us and what is drawn on the chart of total capitalization in the crypto market.
But first, re-read the post from 31/12/24 👇
Pay special attention to paragraph 5️⃣
📊 And now let's move on to the same chart - 1.5 months later, in a zoomed-in version.
The minimum was recorded at $2.81 trillion with an estimate/forecast of $2.85t
So, based on the fractal we proposed and built earlier, it turns out:
1️⃣ A “trial” wave of growth is coming soon
2️⃣ Then a short consolidation
3️⃣ In mid-March - the beginning of the alt-season. (Earlier we wrote that it would be a “miracle” if, despite the pessimistic forecasts that the Fed rate will not be reduced in the near future, it will be reduced on March 19)
P.S:
❓ so, do you believe in what the charts are showing?) Do you believe in growth?
⁉️ If so, which “cluster” of altos will set the growth trend, in your opinion?