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BTC/USD – 5-Wave Structure Completed | Bearish Divergence + Stru🕒 Timeframe: 30min 📅 Date: June 8, 2025 💱 Pair: BTC/USD (BITSTAMP) 📊 Indicator: Awesome Oscillator (AO) 🧠 Technical Analysis Summary: A classic 5-wave Elliott structure (1–2–3–4–5) has completed. Key observations: Wave (5) slightly pushes above Wave (3), but momentum weakens. Bearish divergence is spotted on the Awesome Oscillator (AO) between Wave (3) and Wave (5), signaling exhaustion. Price is currently holding above a key structure support (SNR) at 105415. 🔻 Sell Setup: 🟥 SNR = Structure level at 105415. 🧨 If price breaks below 105415, I will enter a short (sell) position. 🧠 This level acts as a confluence zone: End of wave 5 Loss of bullish momentum Bearish AO divergence Potential trend shift 📌 Trade Plan: 💥 Action: ➡️ Sell only if price breaks and closes below 105415. 🎯 Potential Targets: 104200 – local structure support 102800 – deeper correction zone (possible wave A) 🛡️ Invalidation: ➡️ If price closes back above recent high (~105800) with renewed AO strength, I’ll reconsider the short. 🧰 Tools Used: Elliott Wave Theory (1–5 structure) Awesome Oscillator – Divergence Confirmation Market Structure (SNR as key support) 💬 Conclusion: Wave 5 is done. Momentum has faded. All eyes on the structure level at 105415. ➡️ Break = Sell. If it holds, no trade. 📌 Stay patient. Let the market come to you. 🔔 Like & follow if you enjoy clean Elliott Wave and momentum divergence setups. Got your own wave count? Drop it below! 👇 #BTCUSD #Bitcoin #ElliottWave #BearishDivergence #AO #CryptoTrading #StructureBreak #PriceAction #Wave5Complete
BITSTAMP:BTCUSDShort
by AwesomeOscDad
1
BTC.D can it go up for ever?BTC.D: A Long-Term Weekly Analysis of Bitcoin Dominance This post is about the overall long-term trend of BTC.D, not the day-to-day action. All analysis is based on the weekly timeframe. Fundamental Catalysts for a Trend Change A significant downturn in Bitcoin Dominance would likely be preceded by a combination of these factors: US Rate Cuts: An increase in market liquidity from easier monetary policy could fuel a broader crypto rally, benefiting altcoins. Shift in Retail Interest: A rotation of attention towards altcoins, which can be tracked by crypto-related content views. (Note: The rise of AI Search may alter how we track this compared to traditional Google search metrics). "Bitcoin is Expensive" Sentiment: As BTC's price becomes psychologically high for retail investors, they often look for higher potential returns in lower-priced altcoins. Technical Readout (Weekly Chart) 1. Price Action & 50 SMA So far, I'm not seeing any signs of a trend change in the price action itself. A decisive break and hold below the 50-week SMA would be a strong indicator of a major trend change. However, other indications will likely appear before that happens. 2. MACD Indicator Currently, even a bearish MACD crossover on this timeframe would not be enough to confidently signal a larger trend reversal. It could easily just be part of a short-term pullback or consolidation. 3. Diagonal Trendline On RSI A failure to move above the yellow diagonal trendline could be an early sign of weakness. However, on its own, this is not a strong indicator and requires other signals for confirmation. 4. Stochastic RSI There is nothing worth mentioning on the Stochastic RSI at this time; it is not providing a clear signal. Disclaimer: The information provided in this post is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. All investments involve risk, and the past performance of a security, market, or trading strategy does not guarantee future results. I am not a financial advisor. Please conduct your own thorough research and consult with a qualified financial professional before making any investment decisions. You are solely responsible for any investment decisions you make.
CRYPTOCAP:BTC.DLong
by JamesRennie
Why I Think Gold Will Sell Today...Technical AnalysisHey Rich Friends, Happy Tuesday! I wanted to share my Gold analysis and why I think it will sell. This is only a technical analysis so please check the news and cross-reference your own charts. Here is what I am looking at: - There was a break of structure on H1 and previous support was retested as resistance. - Bearish confluence on additional time frames: D, H4 and M15 - The stoch is facing down, both lines have crossed below 20, slow line (orange) is above the fast line (blue) which is a bearish confirmation for me. Additional information: - I would set sell stops to catch the momentum going down - I will be setting sell stops and using previous highs as my SL and previous lows as my TPs. - Focus on closing the gap from last week Good luck if you decide to take this trade, let me know how it goes. Peace and Profits, Cha
OANDA:XAUUSDShort
by MoneyMantraCha
Gold Wave Analysis – 6 June 2025- Gold reversed from resistance area - Likely to fall to support level 3250,00 Gold recently reversed down from the resistance area between the key resistance level 3400.00 (which has been reversing the price from April) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the earlier intermediate impulse wave (5) from the end of May. Given the overbought daily Stochastic, Gold can be expected to fall to the next support level 3250,00 (which stopped the previous intermediate ABC correction (4)).
FX_IDC:XAUUSDShort
by FxProGlobal
Netflix (NFLX) RSI Bearish Divergence Setting Up Major Rever📈 Summary: Netflix has rallied +44% in just 60 days, entering a steep, parabolic move. However, technical exhaustion signs are now flashing across multiple indicators — suggesting a potential near-term top may be forming. 🔍 Key Technical Observations: 1. Bearish RSI Divergence The RSI is making lower highs (~73) while price makes higher highs → classic bearish divergence. Similar divergences in December and February led to drops of –12% and –18% , respectively. 2. Parabolic Move + Rising Wedge Price has broken out of an orderly channel and is now moving parabolically , a pattern typically unsustainable. The current structure resembles a rising wedge , often a reversal formation . 3. Volume Weakness Volume has been declining throughout the recent push , signaling weak demand behind the rally. No climactic buying — this raises the risk of a sharp drop if momentum fades . 4. MACD Losing Momentum MACD histogram has flipped slightly negative. A potential bearish crossover is brewing. 🧭 Strategy Outlook 🚨 Aggressive traders could look for short opportunities below $1,240 , where support may break. 🧠 Options traders might consider a bear call spread once a daily close confirms the wedge breakdown. 📌 Key Levels Support to watch: $1,240 (break = confirmation) Next support zone: $1,190–1,155 (EMA cluster) Critical RSI trigger: break below 65 confirms bearish divergence playing out 🧩 Final Thoughts The RSI divergence, parabolic structure , and volume behavior all align for a potential pullback . While the trend is still technically intact, risk-reward favors preparing for a reversal , especially with prior divergences leading to significant downside.
NASDAQ:NFLXShort
by fredcast80
3
EURUSD Wave Analysis – 6 June 2025 - EURUSD reversed from the resistance zone - Likely to fall to support level 1.1350 EURUSD currency pair recently reversed down from the resistance zone located between the key resistance level 1.1475 (which has been reversing the price from the start of April) and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star, Given the overbought daily Stochastic, EURUSD currency pair can be expected to fall to the next support level 1.1350.
Short
by FxProGlobal
Elliott wave daily EURUSD update Elliott wave daily EURUSD update The price movement of the last few weeks requires a change and update of the wave count ______________________________________ upward movement from area 1.018/genuary 2025 to area 1.1580/april 2025 looks impulsive - minute wave ((i)). we are now in a corrective minute wave ((ii)) zigzag or flat or any double target area 1.1040/1.0800 area in the very short term level to monitor 1.1500 area over 1.1500 area a flat correction more likely ( to area 1.1570) note FX option expiries for 6 June 10am New York cut 1.1500 (EUR 3.19bn) 1.1400 (EUR 2.38bn) 1.1300 (EUR 1.28bn) FOREXLIVE
by francescoforex
CAMS – Rounding Bottom Breakout | Momentum PlayStructure: CAMS has completed a classic rounding bottom formation over the past three months, with the neckline placed around ₹4,200. Price action from the March 2025 lows (~₹3,100) has remained within a well-defined ascending channel, signaling steady accumulation and controlled institutional entry. On June 5, 2025, the stock gave a clean breakout above ₹4,200 with a strong bullish candle, closing at ₹4,248.30. Importantly, the move came with a volume of 877.56K, significantly higher than the 20-day average (576K), validating the breakout strength. Momentum indicators are supportive — RSI has now crossed 70, confirming entry into bullish momentum territory without showing divergence or exhaustion yet. Breakout Snapshot: Pattern: Rounding Bottom + Ascending Channel Breakout Level: ₹4,200 Entry: ₹4,248.30 (EOD Jun 5, 2025) Volume: 877.56K vs 20-SMA 576K RSI: 70.11 → strong bullish confirmation 🎯 Target: ₹5,120 📉 Stop-Loss: ₹4,000 (below breakout and channel support) 📈 Potential Upside: ~20% ⚖️ Risk-Reward: ~3.6x Why It Matters: CAMS has historically respected multi-month consolidations and offers clean post-breakout runs when supported by volume. This setup reflects a transition from accumulation to trend. The ascending structure indicates that smart money entered gradually — now validated with the breakout and volume spike. Not a call to chase — idea is based on price-volume confirmation after a long base formation. Ideal entries are either near breakout (done) or on retest toward ₹4,180–₹4,200. Track These: ₹4,400: Minor resistance ₹5,120: Measured move target ₹4,000: Invalidation zone RSI > 75: Overheat caution Disclaimer: This analysis is for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any security. Please consult your financial advisor before making any trading decisions.
NSE:CAMSLong
by eggubonda
Costco Wave Analysis – 5 June 2025 - Costco reversed from the resistance zone - Likely to fall to support level 985.00 Costco recently reversed down sharply from the resistance zone located between the key resistance 1080.00 (which stopped the previous impulse wave 5) and the upper weekly Bollinger Band. The downward reversal from this resistance zone stopped the earlier weekly impulse wave 5 from April. Given the strength of the nearby resistance zone and the bearish divergence on the weekly momentum indicator, Costco can be expected to fall to the next support level 985.00.
NASDAQ:COSTShort
by FxProGlobal
Target Sputters as Market Recovers Target has sputtered as the broader market recovers, and some traders may think the retailer has further downside risk. The first pattern on today’s chart is the steady decline between early February and early April. TGT tried to stabilize after the move but barely rebounded. It also failed to hold the rally on May 12 after Treasury Secretary Scott Bessent cut tariffs on China. That feeble price action may suggest sellers remain in control. Second, the stock spent about a month at its 50-day simple moving average (SMA) early this year before continuing lower. It’s now spent about three weeks at the same line without closing above it. Is the intermediate-term trend still bearish? Third, the move between April 8 and May 20 may be viewed as a potentially bearish flag that’s now broken to the downside. Next, the 8-day exponential moving average (EMA) recently crossed below the 21-day EMA. MACD has also turned negative. Those patterns may reflect a bearish short-term trend. Finally, TGT is an active underlier in the options market. (It averages more than 70,000 contracts per day, according to TradeStation data.) That could help traders take positions with calls and puts. Check out TradingView's The Leap competition sponsored by TradeStation. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. Options trading is not suitable for all investors. Your TradeStation Securities’ account application to trade options will be considered and approved or disapproved based on all relevant factors, including your trading experience. See www.TradeStation.com . Visit www.TradeStation.com for full details on the costs and fees associated with options. Margin trading involves risks, and it is important that you fully understand those risks before trading on margin. The Margin Disclosure Statement outlines many of those risks, including that you can lose more funds than you deposit in your margin account; your brokerage firm can force the sale of securities in your account; your brokerage firm can sell your securities without contacting you; and you are not entitled to an extension of time on a margin call. Review the Margin Disclosure Statement at www.TradeStation.com . TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:TGT
by TradeStation
XAUUSD (Gold) – Bearish Setup in Play | H1 Wave Count + AO Dive🟡 XAUUSD (Gold) – Bearish Setup in Play | H1 Wave Count + AO Divergence 🟡 🗓️ Date: June 5, 2025 📉 Timeframe: 1H 🔍 Elliott Wave Count: The current structure appears to have completed a classic 5-wave impulse. Wave (5) has just printed, and notably, Awesome Oscillator (AO) confirms a divergence: Wave 3 had a higher AO peak than Wave 5, signaling bearish momentum loss. This divergence is a strong reversal signal, often preceding a corrective move (ABC). 📊 Technical Confluence: Price is now entering a key Supply and Demand (SND) zone between 3401 – 3414, an area that previously caused a strong rejection. Multiple Fibonacci extensions also cluster near this level: 1.618 and 2.618 extensions align closely with current highs. These confluences further strengthen the sell bias. 📉 Trade Idea: 🎯 Bias: Bearish 📍 Entry Zone: Around 3401 – 3414 ❗ Confirmation: Look for bearish engulfing candle or breakdown from rising wedge 🎯 First Target: 3372 (Fib 0.618 retracement of wave 4–5) 🎯 Second Target: 3357 or deeper if larger correction unfolds ❌ Invalidation: Break and close above 3418 🧠 AO Divergence Reminder: Divergence between price and oscillator like AO (lower momentum on a higher high) often signals exhaustion of trend — perfect timing for contrarian plays at strong SND zones. 📌 Summary: Wave (5) completion with AO divergence near a significant SND zone (3414–3401) sets the stage for a high-probability short trade. Monitor lower timeframes for entry triggers.
FOREXCOM:XAUUSDShort
by AwesomeOscDad
Skeptic | SPX 500 Analysis: Long Triggers Ready to Rip!Hey, what’s good? It’s Skeptic! 😎 Last week, we scored a nice R/R on SPX 500, and now it’s looking ready for another big move, super close to our long trigger. Let’s check it out with a multi-timeframe breakdown to grab those long and short triggers! Daily Timeframe: The Big View The SPX was riding a strong bullish wave, then hit a deep correction. Here’s what’s up: It’s bounced back most of that drop and is nearing its ceiling at 6128.55. 🏔️ A break and hold above 6128.55 could kick the bullish trend into high gear, per Dow Theory. Watch the daily RSI—if it goes overbought, we might see a fast, big rally. 🚀 This is our long-term play, so let’s zoom in for the short-term action! 4-Hour Timeframe: Long & Short Triggers On the 4-hour chart, here’s the plan for our trades: Long Trigger: Break above 5990.67, with RSI above 66.57 to show the move’s got juice. Stop Loss: Your choice—put it below 5955.77, or check 1H or 15-minute charts for a tighter stop under the last low. 🎯 Short Trigger: A drop below 5856.93 lets you short, but it’s against the trend, so keep it low-risk. Take profits quick, use a small stop loss, and close when you hit a good R/R. ⚠️ Shorts are tricky here, so play it safe and don’t go all-in! RSI Trick & Your Input Love RSI? I’ve been using it forever, and I think most guides get it wrong. They say overbought RSI means sell, but for me, it’s a go sign for longs! Want a full RSI tutorial? Tell me in the comments, and I’ll hook you up! 📢 💬 Let’s Talk! If this got you hyped, hit that boost—it helps a ton! 😊 Got another pair or setup you want me to hit? Drop it in the comments. Thanks for chilling with me—keep trading smart! ✌️
SPREADEX:SPX
by SkepticWise
4
VIC hope you are watching it.--- ### 🇻🇳 Vin Group (VIC): An On-the-Ground Perspective from Vietnam 📈 After first visiting Vietnam in 2022, it became clear Vin Group is doing a lot of interesting things in Vietnam. To me, Vin Group seemed like an obvious thing to get exposure to a lot of the growth in Vietnam. * **Accessibility Note:** HOSE:VIC is not easily available outside Vietnam, other than within Vietnamese indexes. --- ### The NASDAQ:VFS Anomaly & Free Float Insights While in 2023, NASDAQ:VFS (VinFast) went to prices that defied all logic on US markets, US media most likely had no idea about $VIC. All you needed to do was see that HOSE:VIC held most of the NASDAQ:VFS shares (I thought it was 80%, but some suggestions indicate it might have been closer to 99%). * **Key Takeaway:** A lot of retail investors won't understand free float risks. Starting my investing journey in the crypto space, I am well versed in dealing with assets with low float. **(Image 1: VFS Marketcap)** ` ` *VFS Marketcap* **(Image 2: VIC Marketcap & The Disconnect)** ` ` *VIC Marketcap – Note: VIC is in VND, VFS in USD. At one point, HOSE:VIC (approx. $12B USD) held VFS shares valued vastly higher, highlighting a significant market disconnect.* > Needless to say, I wanted exposure to the things Vin Group was doing but chose to wait rather than join that insanity. --- ### An Expat's View: Seeing Vietnam's Transformation zmiany As of Q4 2023, I moved to Vietnam. Living here, I get to see what's going on. Though I am still a foreigner, I get a different perspective. > You see, when you look in the mirror every day, it's hard to see the changes. Then you see that family member you haven't seen in a while who still thinks you're 6, but you're actually 16. This is the case in Vietnam; many people came years ago and think it's the same or worse, or perhaps just watched a movie. --- ### Understanding Vietnam's Economic DNA: Đổi Mới and its People 🚀 To understand economics in Vietnam, you must first understand **Đổi Mới** – those changes are the start of economic success in Vietnam. * **Human Capital:** * First-generation university/college-educated individuals are very common. * First-generation English, Chinese, or Korean speakers are gaining more access to markets outside Vietnam. (Korean is significant for FDI and cultural influence like movies/TV). * **The Vietnamese Grit:** Many Vietnamese had very rough younger lives, and grit is a character trait they could win prizes for. It's seen in an extreme you don't find in other places. They just won't quit. * **International Relations:** International business requires friendliness, and they choose to be friendly with everyone. > Investing is about backing winners so that you can win with them. --- ### Navigating Vin Group's Diverse Portfolio: **1. Real Estate Market & HOSE:VIC :** The real estate market has struggled after the incident with Truong My Lan. A lot of stuff is empty and unsold. I have no clue when Vietnamese housing will top or bottom. While HOSE:VIC is largely made up of real estate, I believe that with lower mortgage rates now, they will sell properties they have and don't want, moving debt and assets off the balance sheet. **2. VinFast ( NASDAQ:VFS ) & Xanh SM 🚕:** * **Indonesian Expansion:** Watch for expansion into Indonesia – a massive, often underestimated market. (Unless it's someone who follows National GDP rankings globally and other macroeconomics.) * **Path to Profitability:** VinFast just needs to reach a point where it's no longer cash-flow negative. * **Long-Term Value:** The money will come from the Vision training they are doing. * **Xanh SM (Taxi Service):** * Now the largest taxi company in Vietnam. * Creates organic demand (buy pressure) for VinFast cars. * **A Better "Green" Product:** Unlike my experience in Canada where "green" options often felt forced and uncompetitive, Xanh SM is something you take because it's simply a *better product*. Smart, innovative people can make something "Green" AND better for the consumer. If you haven't tried it, just try it – it's better in every way (specifically the VinFast cars). * **Scooter Critique:** The VinFast scooter needs a very simple change. The handle to hold onto the scooter located on the back is really bad. If I had one request, it would be to change that handle; it's awful. Put a large man in the front and try it. **3. Vin Bus 🚌:** Wow, the bus is the same quality as the newest buses I have seen in Canada, with one huge change: They are *extremely clean*. I have never been on a dirty VinBus. **4. Vin Homes 🏡:** Truly amazing, with great amenities. Lots of people run or play sports in the early morning. Mall access, VinBus access. **5. Other Ventures:** * **VinSchool & VinMec:** I've heard a lot of great stuff, but I haven't used them personally. * **VinWonders Theme Park:** Also a lot of fun. * **Vin Group Hotels:** Can also be really great. --- ### My Investment Journey with HOSE:VIC charted **(Image 3: My Entry Point)** ` ` *So when did I actually get into Vin Group? In 2024.* **(Image 4: Weekly MACD Signal)** ` ` *To me, this weekly MACD made it really obvious downside momentum was done. It was a matter of time to buy it up.* * **Stop-Loss:** Having a stop-loss was also pretty obvious with the 2023 low. * **Sentiment:** Sentiment was also really low. * **Conviction:** Yet, I kept using the products of HOSE:VIC subsidiary companies, thinking the only way I see this company not doing better is if it goes bankrupt. The products are definitely amazing. * **Debt vs. Rates:** If you looked at the company balance sheets, debt was a risk, but Vietnam changed its rates, and eventually, most nations will change their rates. --- ### Price Targets & Risk Management for HOSE:VIC 📈📉 **(Image 5: Long-Term View & Current RSI)** ` ` * **Long-Term Target:** I think this Company could go well over **200k VND**. * **Short-Term Caution:** Price going straight up is risky. With 2024 buying, you could have a narrow stop-loss. In 2025, with this price movement, a simple weekly reversion to the mean would be very rough. * **Overbought RSI:** The RSI hit 97 – not a number that makes me think, "Wow, lots of room to grow immediately." > For me, I want to hold enough stock that I am okay if, before going to 200k VND, we first go back to 60k VND. --- **Disclaimer:** *The information provided in this post is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. All investments involve risk, and the past performance of a security, market, or trading strategy does not guarantee future results. I am not a financial advisor. Please conduct your own thorough research and consult with a qualified financial professional before making any investment decisions. You are solely responsible for any investment decisions you make.*
HOSE:VICLong
by JamesRennie
NZD/USD: Bullish signals build ahead of U.S. data gauntletNZD/USD is holding an established uptrend with bullish momentum building, supported by strengthening RSI and MACD signals. The pair is testing key resistance at .6050—a level that’s capped price repeatedly over the years. A break and close above would confirm a bullish setup, allowing for longs to be established above the level with a stop just beneath. Initial resistance comes in at .6110, with scope for a move towards .6200 if momentum continues. Good luck! DS
Long
by FOREXcom
APPLE LONG IDEAAPPLE has been going up for a while. From a weekly timeframe, price is coming from a valid demand zone in the discount level. This implies that the target is the swing high created by the last structure. However, price will not just move straight to the high. Thus, the continuation pattern for a buy opportunity. This is also supported by the bullish divergence signal from the awesome oscillator. On the daily timeframe, price has formed double bottom and it has broken out of a down trend line and Fibonacci level at 0.618. If the current daily bullish candle should close above the trend line, this will serve as a strong signal for going long. An aggressive trader or investor may enter a long position after the closure of the daily candle. While a conservative trader or investor may wait for price to drop to $200.19 at 0.618 Fibonacci level. First target is $212 while the final target is around $260, more than 27% growth from the entry. While the stop can be around $192.40. Confluences for the long idea: 1. Price is in discount level. 2. There's a bullish divergence signal from awesome oscillator. 3. There's a double bottom chart pattern on daily timeframe. 4. Price has broken out of down trend line and 0.618 Fibonacci level. 5. The market structure is bullish. Are you in need of a technical stock analyst, signal provider, or professional trainer for a one-on-one technical analysis training, you can book an appointment here: calendly.com Disclaimer: This is not a financial advice. The outcome maybe different from the projection. If you can't accept the risk, don't take the signal.
NASDAQ:AAPLLong
by KofTFx
3
S&P 500: Coiling Tight as Bulls Eye 6000 BreakIf at first you don’t succeed, try, try again. I suspect that’s what S&P 500 bulls are contemplating when it comes to clearing the psychologically important 6000 level in futures—although this time may meet with more success than when last tested in late May. Coiling within an ascending triangle pattern, and with bullish momentum starting to flick higher again, the ducks are starting to line up for a possible topside break. If the price can pierce 6000 and take out the May 29 high, consider establishing longs with a stop beneath 6000 for protection against reversal. Some resistance may be encountered at 6100, although the obvious target for bulls will be to take out the record high set in February. Should the price be unable to clear 6000 and break uptrend support running from the May 23 low, it would favour range trade down to support at 5740. Good luck! DS
CME_MINI:ES1!Long
by FOREXcom
NZDUSD Wave Analysis – 3 June 2025 - NZDUSD reversed from the resistance zone - Likely to fall to support level 0.5900 NZDUSD currency pair recently reversed down from the resistance zone between the resistance level 0.6030 (which has been reversing the price from November), the upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from September. The downward reversal from this resistance zone stopped the C-wave of the previous ABC correction (2). Given the strength of the resistance level of 0.6030 and the bearish divergence on the daily Stochastic, the NZDUSD currency pair can be expected to fall to the next support level of 0.5900.
Short
by FxProGlobal