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Neowaveforecast

S&P 500 resistance levels#SPX Upon observing the 6-month cash data of the S&P index, it becomes clear that this index has reached significant resistance levels. However, it is still too early to proclaim the beginning of a major correction in this index. That said, it can be anticipated that a potential price correction might extend to the range of 4800 to 4500. When comparing the wave count of this index with the Warren Buffett Indicator, both reveal a common message: the S&P is currently situated in sensitive zones. There are two critical price ranges for this index that could lead to significant price reversals: the first range is between 6085 and 6240, and the second range is between 7900 and 8000.
SP:SPXShort
by NEoWave-Chart
BITCOIN NEOWAVE ANALYSISBitcoin appears to be forming an ABC correction pattern, with wave B completing precisely at the 1.38 Fibonacci extension of wave A. Since waves A and B have taken roughly equal time to form, wave C is expected to be longer and more drawn-out. It seems likely that wave C could extend until around 2028, though an earlier completion by 2025 remains possible. Wave C targets two key levels, each with its own probability: The higher-probability target is the 0.618 Fibonacci retracement of wave B, around $33,000. Alternatively, wave C could match the length of wave A, pointing to around $28,000. Both scenarios indicate a significant correction before Bitcoin resumes its upward trend. It's important to note that the price could potentially break the ATH one more time before reversing downward. This scenario might resemble the pattern observed at the end of wave G, where a final upward surge preceded a significant decline.
INDEX:BTCUSD
by thekidtrader11
INJUSDT NEOWAVE ANALYSISWave A is the fastest and strongest wave on the chart, indicating that the long-term trend is up, and any downward wave is counter-trend. The pattern is a flat correction, confirmed complete in April 2024 with the drop from $52 to $18. Currently, we appear to be in an X wave. The X wave can be labeled as small or large based on its retracement of the entire pattern. Since it is not yet complete, I cannot provide further details based on the monthly chart. However, the price is likely to fully retrace the $13 low, and it should head lower.
by thekidtrader11
2
ETHUSD 6 MONTHLYSince its inception, ETH has moved up in a 5-wave pattern, which is now being followed by an ABC correction. Wave A occurred during the last bear market. Currently, we are in wave B, and the market is showing a lot of strength. Wave B should retrace the 5th wave completely and move higher. A move higher than wave 5 will indicate a strong B wave. Depending on where wave B finishes, it will determine whether wave C retraces wave A or not. If the B wave falls between 101-123.6% of wave A, there is still a relatively good chance that wave C will completely retrace wave B. If the B wave exceeds 123.6% of wave A, there is little chance that wave C will retrace all of wave B. If it does, it will still be an irregular pattern. When the B wave exceeds 138.2% of wave A, there is no chance that wave C will retrace all of wave B. I personally can see ETH reaching around $7,000 to $9,000 very soon This is all I can say based on the 6-monthly chart.
INDEX:ETHUSD
by thekidtrader11
USDJPY NEOWAVE ANALYSIS (DAILY) Experimental analysis with the intention to follow back later on as I am still learning This pair really excites me. I do not know why, but it has stuck with me, so I thought I’d give this a try even though it should be considered low probability due to me going deep down to the daily. As you can see, once wave F got over, we did get a very good 5-wave rally to complete wave A. Although i have no idea yet what wave A is a part of. After the biggest daily drop since wave 2, we got some downwards movement which indicated that the rally up is over. Now using logic and good reasoning when I think about this, it’s not possible for the downside movement to end so quickly after almost 2 months of upwards movement. Hence, I will take it to believe that the correction is still ongoing and the rally we are seeing right now is a strong B wave rally of a possible flat. I do not know where wave B will end, although since I do consider it to be strong, I will expect it to completely retrace wave A. Once we know where wave B finishes, then only I could understand whether the C wave will completely retrace the B wave. Any prior sell off before retracing wave A would mean that we're looking at a triangle correction
by thekidtrader11