Harmonic Patterns
7 April Nifty50 important level trading zone #Nifty50
99% working trading plan
👆Gap up open 22920 above & 10m hold after positive trade target 23020, 23130
👆Gap up open 22920 below 10 m not break upside after nigetive trade target 22860, 22823, 22709
👆Gap down open 22862 above 15m hold after positive trade target 22918, 23018
👆Gap down open 22862 below 10 m not break upside after nigetive trade target 22818, 22709
⚡big gapdown open 22709 above hold 1st positive trade view
⚡big Gapup opening 23020 below nigetive trade view
Tep . Market new base hi carefully
📌For education purpose I'm not responsible your trade More education following me
Continuously Making HH HL on Bigger TF.Continuously Making HH HL on Bigger TF.
It has crossed an Important Resistance around
24.90 - 25 & now it has 2 Important Support Levels;
S1 around 24.30 - 25(this seems a Stronger one)
S2 around 22
Should not Break 18 as of now.
It still has the potential to touch 30 - 31.
ONLY BULLISH short term wave count QQQPanic is now clear the question is todays drop a wave C in a zig zag or is it wave 3 of 3 Not sure I am taking long positions at 420 area if we break 416 then wave stucture should drop to 398/+or - 3.1for wave 3 of 3 to end . The 1987 decline took 55 days that drop was a full 38.2 % drop oct 19th that date would be april 15
XAUUSD-GOLD can still break upward ? read captionGold (XAU/USD) has just soared to a new all-time high, reflecting heightened investor demand for safe-haven assets amid economic uncertainties. The surge comes as global markets react to inflation concerns, geopolitical tensions, and shifting monetary policies, further strengthening gold’s position as a premier store of value. With central banks increasing their reserves and investors seeking stability, the precious metal continues to shine, marking a historic moment in the financial markets.
#CFX/USDT#CFX
The price is moving within a descending channel on the 1-hour frame and is expected to continue lower.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the decline with a break below.
We have a support area at the upper limit of the channel at 0.0815.
Entry price: 0.0815
First target: 0.0788
Second target: 0.0763
Third target: 0.0740
XAUUSD SELL NOWBased on current technical and economic indicators, it appears that gold is poised for a significant retracement. Here’s a detailed analysis:
Gold Retracement
Overbought Conditions: Gold prices, as measured by XAU/USD, have reached resistance levels and are exhibiting overbought RSI readings. This suggests that a correction is likely in the short term.
Interest Rate Expectations: With rising real yields and the expectation of monetary tightening, gold—which is typically sensitive to higher opportunity costs—may lose its appeal.
Technical Patterns: Chart patterns such as a double top or head-and-shoulders formation on gold's price chart indicate a potential bearish reversal.
Flow of Money to Risk Assets
Asset Reallocation: As investors seek higher yields, we’re likely to see capital flowing out of safe-haven assets like gold into riskier assets such as equities and cryptocurrencies.
Equity Market Momentum: Equity indices are showing robust performance with upward-trending moving averages. Historical data suggests that when gold retreats, equities tend to benefit from the reallocation of funds, with projections indicating a minimum upward trend until the end of June.
Crypto Surge: Cryptocurrencies, known for their volatility, have been on an upward trajectory, and the anticipated inflow of capital could further drive their prices higher. The crypto market is already exhibiting bullish momentum, supported by increased institutional interest and favorable technical signals.
Outlook Through September/October
Gold: Expect a continued downward pressure on gold prices through September and October as the shift in market sentiment persists.
Equities: Equities are likely to remain buoyant at least until the end of June, driven by improved risk appetite and capital inflows.
Cryptocurrencies: The inflow of risk capital is projected to boost cryptocurrencies further, reinforcing their position as a leading volatile asset class.
In summary, current technical setups combined with macroeconomic trends suggest that the money flow is shifting from gold into equities and cryptocurrencies, setting the stage for a robust equity performance at least through June and a continued rally in the crypto space, while gold faces a strong retracement.
S&P 500 - Elliott Wave Bearish BreakdownThis S&P 500 E-mini Futures (ES) daily chart highlights a potential bearish Elliott Wave structure following rejection from a key resistance zone.
- The market encountered strong resistance near the 5,600 level, leading to a sharp decline.
- A five-wave impulsive bearish structure appears to be forming, with Waves (1) and (2) already completed.
- If this pattern continues, Waves (3), (4), and (5) could drive prices lower, targeting key support levels in the coming weeks.
Traders should watch for confirmation of Wave (3) acceleration, as it is typically the strongest wave in an impulse. A break below recent lows could confirm further downside, while a strong bounce from lower levels may indicate a correction or trend reversal.
Risk management remains crucial, as volatility can increase during corrective and impulsive waves. Keep an eye on macroeconomic factors and technical confluences for additional confirmation.
This is a good spot to start buying the market.We’ve reached the lower boundary—whether this marks the start of a prolonged sell-off or a rebound point doesn’t matter right now. In the next couple of weeks, we’ll trade higher before the true extent of the damage becomes clear. This is a good spot to start buying the market.
XAUUSDHello Traders!
What are your thoughts on GOLD?
Gold has broken its ascending trendline and failed to hold above the 3100 level.
We now expect a pullback to the broken trendline, which may act as resistance.
After the pullback, we anticipate a decline toward the specified support level.
Will gold continue its decline or regain bullish momentum? Share your thoughts below!
Don’t forget to like and share your thoughts in the comments! ❤️
EURUSD - Bullish Reversal Setup After Fair Value Gap MitigationMarket Overview:
EURUSD has experienced a strong bullish impulse, breaking through a key resistance level and forming a temporary top. Following this surge, price has started a corrective pullback within a descending channel, a structure often seen before a continuation in the dominant trend. The market appears to be in the process of mitigating a Fair Value Gap (FVG), which could provide an optimal area for bullish continuation.
Technical Insights:
- A significant support level was broken earlier, which later turned into a demand zone after the price surged. This confirms a shift in market structure towards bullish conditions.
- The ongoing correction is forming a descending channel, a classical bullish flag or wedge pattern, suggesting that once the corrective phase is over, buyers might step in to push the price higher.
- The FVG region below the current price aligns with key Fibonacci retracement levels, reinforcing the likelihood of a reaction from this zone. If price reaches this area and forms bullish confirmation patterns such as a bullish engulfing candle or a shift in order flow, it could signal the end of the correction and the beginning of another upward move.
Potential Scenario:
If price continues to decline and fills the FVG, traders should monitor for a reaction in this zone. A strong rejection from this level could lead to a bullish reversal, targeting previous highs and resuming the overall uptrend. The presence of a well-defined descending channel adds confluence to the bullish setup, as a breakout from this structure would further validate the expected upside movement.
Risk Considerations:
Traders should be cautious of any unexpected macroeconomic developments, such as central bank policy changes or geopolitical events, that could impact market sentiment. Additionally, waiting for confirmation in the FVG area is crucial to avoid premature entries and unnecessary exposure to risk.
Conclusion:
EURUSD is currently in a corrective phase after a strong bullish move, with price approaching a high-probability reversal zone. If the market responds positively to the FVG mitigation, there is a strong potential for a bullish continuation. Traders should remain patient and wait for confluence before making any trading decisions.
Silver looking like a good buy on technicals, $34 targetI am putting on a small silver position, it really likes to bounce off the up sloping resistance line that is in orange, also indicated by the orange circles where it previously bounced. Good luck and please do your own research. Not financial advice.
AAPL - support & resistant areas for today April 4 2025The key support and resistance levels for AAPL today are above.
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Understanding key levels in trading can provide valuable insights into potential market movements. These levels often indicate where prices might reverse or consolidate, serving as important signals for traders considering long (buy) or short (sell) positions.
Calculated using complex mathematical models, these levels are tailored for today's trading session and may evolve as market conditions change.
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Need any other charts daily, Or how to trade this? Comment on this.
AMZN Bulls Crab After a period of seller dominance, indicated by the exhaustion of previous pricing strategies and the "crab" reaching its limit, the market dynamic has shifted.
The impetus now lies with the buyers, as their own strategic maneuvering and pricing pressure ("crab") begins to exert influence on the negotiation process and overall market direction.
This transition suggests a potential re-evaluation of asset value and a possible consolidation of buyer power.
OPPORTUNITY FOR SELL EURNZDWe have identified the following indicators for the SELL opportunity:
• Low volume, suggesting a potential reversal from the current direction.
• Reflection from the top of the parallel channel.
• Return/re-test to the 3M high and 1M high.
We have defined 3 target points (TPs):
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
*** Please pay attention to the scenarios from 2015 and 2020, when there were extreme peaks. However, these peaks were temporary, and it’s a matter of good money management, only.
4.4 Key points of gold shock4.4 Key points of gold shock
The current market is at the end of the convergence triangle, and 3100 is the watershed between long and short.
Use the "breakthrough-retracement" strategy to increase your entry winning rate.
Prioritize protecting the principal, set a take-profit order at key positions such as 3120/3080, and lock in some profits.
3115 → short entry, stop loss 3125, target 3080.
3080 → long entry, stop loss 3070, target 3120.
Strict discipline and dynamic adjustment can balance the risk-return ratio.
Has gold peaked and turned bearish? Trend analysisGold will focus on the impact of non-agricultural data. At that time, there will be large short-term fluctuations. In the 4H cycle, the weak shock will remain below the middle track. The upper pressure will remain at 3118 and 3135. The short-term weakness will also be accompanied by repeated detours. Therefore, the rebound will be mainly shorted, and the lower support will remain at 3080 and 3055.
Recommendation: Short gold near 3135, stop loss at 3143, target 3120, 3110!