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Starbucks Corporation: Elliott Wave Correction UnfoldingNASDAQ:SBUX Overview: Starbucks is in the midst of an Elliott Wave corrective structure, likely entering the C-wave of an ABC correction. The bearish momentum suggests that the correction isn't complete, presenting an opportunity to short as the structure completes. Elliott Wave Analysis: Wave A: The initial impulsive wave down broke key support levels, signaling the start of a correction. This wave exhibited strong bearish momentum. Wave B: The corrective upward retracement faced resistance near $93.12, forming a potential lower high and respecting the descending channel. With failure to break out above $94, this wave has likely concluded, paving the way for the final corrective wave. Wave C: Currently forming, this wave is expected to extend toward lower Fibonacci retracement levels, targeting $88.71, $84.29, and $79.88. The typical symmetry in Elliott Wave corrections suggests that Wave C may equal or exceed the length of Wave A. Key Trading Levels: Entry: $93.12 (near the end of Wave B). Stop Loss: $94.00 (just above Wave B resistance). Target 1: $88.71 (38.2% Fibonacci extension of Wave A). Target 2: $84.29 (61.8% extension and channel support). Target 3: $79.88 (full measured move of Wave C and strong support). Trading Strategy: Short Entry: Look for confirmation of rejection near $93.12. This aligns with the conclusion of Wave B and the start of Wave C. Risk Management: Place a tight stop-loss at $94, above the resistance line formed by Wave B. Profit-Taking: Scale out of positions as price approaches each Fibonacci target and key support zones. Additional Notes: The Elliott Wave correction is part of a broader descending wedge structure. A decisive breakdown could trigger a stronger bearish continuation. Confluence of technical factors (Fibonacci levels, trendline resistance, and Elliott Wave symmetry) supports the bearish scenario. Monitor volume and RSI for divergences to confirm the wave progression. Disclaimer: This analysis is for informational and educational purposes only and should not be considered as financial advice. Trading and investing involve significant risks, and you should consult with a qualified financial advisor or conduct your own research before making any investment decisions. The author is not responsible for any financial losses or decisions made based on this analysis. Always trade responsibly and within your own risk tolerance.
NASDAQ:SBUXShort
by Whisperwave
What will be the next trend of EUR/USD ?🔆The EUR/USD pair is being influenced by a number of economic and political factors, leading to significant volatility in recent times. 🔆 Technical Analysis: The EUR/USD pair is currently in an uptrend, with the price trading above both the 34 EMA and the 89 EMA, suggesting a bullish bias in the short term. The next resistance level is identified at 1.0530 as the 1.618 Fibonacci line intersects the resistance zone; if the price reaches this level, a corrective rally is expected. 🔆 Fundamental Analysis: A trade war between the US and Europe could push the euro to parity with the US dollar. New tariffs from the US could further weaken the eurozone economy, putting downward pressure on the euro. The US dollar is expected to maintain its strength against the euro as the US Federal Reserve (Fed) may cut interest rates more gradually than expected as President Trump's policies may increase inflation. 🔆 Conclusion: The trend of the EUR/USD pair in the coming period will depend on the developments of the above economic and political factors. Forecast Traders should closely monitor key support and resistance levels, along with macroeconomic information and monetary policies from both sides to make appropriate trading decisions. Thank you for reading my comment: "FM"
Short
by FM-ForexMastermind
SHORT AUDUSDI'm looking for further movement to the downside on AUDUSD, targeting a price level of 0.59784. Price has been bearish since October of last year. There is still a key level residing below 0.59815 that would be of interest to seek out if downside momentum continues. Volume has been decreasing as price started its retracement from 0.61311, price traded back into a fair value gap and proceeded to close below it. I'm currently in a short position, this is a swing trade. Patience is all is takes, let's see if price continues to trend bearish. Let me know your thoughts if it differs from my perspective.
Short
by CollectCap
1
TRUMP PRESIDENTIAL OATH GOLD SIGNAL ALERT!Hey All Traders: Tomorrow Monday market open and due to BANK holiday in US gold possible move sideways. for now Gold strong supply zone at 2713 to 2716 are valid for entry for short. target of MONDAY signal 2690 and my second target is 2685 after this point hit gold will buy and mark a new ATH. GOLD fall in this week because TRUMP sit on PM house and news is good for US currency so GOLD will fall and big drop coming in market.
OANDA:XAUUSDShort
by GOLD_TREND_GURU
5
Gold falls on inauguration day of TRUMP⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Last week's softer-than-expected US inflation data could support Gold prices by fueling speculation of more than one rate cut by the Federal Reserve (Fed). Traders are now looking ahead to President-elect Trump's inauguration on Monday for insights into the executive orders he plans to issue. "Uncertainty surrounding the policies President Trump will implement has been one of the factors supporting Gold," noted David Meger, Director of Metals Trading at High Ridge Futures. Moreover, ongoing geopolitical tensions in the Middle East and the Russia-Ukraine conflict continue to drive safe-haven demand for Gold. According to The Guardian, the Russian military captured two additional settlements in eastern Ukraine's Donetsk region on Saturday, marking the latest progress in its westward advance. ⭐️Personal comments NOVA: Gold short term down around 2700 area, sideways and waiting for new economic policies of the trump administration ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2678 - $2676 SL $2671 TP1: $2685 TP2: $2693 TP3: $2700 🔥SELL GOLD zone: $2716 - $2718 SL $2723 TP1: $2710 TP2: $2700 TP3: $2690 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
2
USOIL Short Setup: Key Zone to WatchUSOIL is testing a significant resistance zone around the 78.00 level, an area where price previously faced strong selling pressure. Current price action suggests potential exhaustion, with signs of rejection visible. If sellers take control, a pullback toward the 76.01 level, acting as the first key support, could be in play. Traders should look for bearish confirmation, such as reversal candlestick patterns or breakdowns below recent lows, to position for a potential short move.
TVC:USOILShort
by TrendDiva
USDIDR - Short Opportunity from resistance zonePEPPERSTONE:USDIDR is testing a significant resistance zone that has consistently reversed bullish trends into bearish moves. The recent bullish push into this area suggests potential selling opportunities. I personally anticipate a move toward 16,215.2. On the other hand, a break above this resistance could indicate a shift in sentiment. Traders should monitor this zone closely and wait for confirmation before entering short positions. If you have any thoughts on this setup or additional insights, drop them in the comments!
Short
by TrendDiva
1
How EUR/USD is affected by President Trump's high tariffs ?Comment: EUR/USD continues its downtrend. On the daily chart (D1), EUR/USD is in a long-term downtrend. Recently, the pair tried to correct higher but met strong resistance at 1.0340, after which it fell back. On the 4-hour timeframe (H4), the downtrend is also clear. The recent upward correction stopped at the resistance at 1.0335. The trading plan on H1 favors short positions Currently, the pair is consolidating at 1.0300. The market is waiting for the first policies of the new President D. Trump on Europe Trump's tariff policy often creates a volatile trading environment for the EUR/USD pair. If D. Trump imposes high tariffs on European goods, the USD may benefit in the short term if investors seek safety. However, in the long run, if trade tensions cause more damage to the US economy than to Europe, the USD could weaken, creating an opportunity for the EUR to rise. Thank you for reading my comment: "FM"
Short
by FM-ForexMastermind
Gold SIDEWAY and correction down next week✍️ NOVA hello everyone, Let's comment on gold price next week from 01/20/2025 - 01/24/2025 🔥 World situation: Gold prices dipped late in the North American session but are still on track to end the week with gains of over 0.40%, as markets anticipate the inauguration of US President-elect Donald Trump. Currently trading at $2,701, down 0.44%, the yellow metal remains a preferred choice for investors amid political uncertainty. Geopolitical tensions and US political developments continue to influence Gold’s performance. Despite steady mid-term US Treasury yields, Gold buyers were unable to drive prices higher for additional gains before the weekend. 🔥 Identify: Gold hits large-frame resistance 2724, weakens and corrects short-term decline. Market awaits new economic policies of President Trump 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2724, $2748 Support : $2662, $2633 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
1
Bitcoin's Next Move: Weekend Trade Opportunities! Bitcoin has enjoyed an impressive rally over the past four days, but as we approach the weekend, price action is encountering some resistance levels, presenting potential short opportunities. Resistance Zone and Short Setup: The resistance zone lies between $104,464 (Fib 0.786 and Weekly Level) and $106,176 (Fib 0.886 and Daily Level). This range offers a low-risk shorting opportunity with clearly defined targets. 1.) Short Entry #1: Weekly Level at $104,464 (Fib 0.786) Stop Loss: Above $107,000 Take Profit: Around $101,000 - $100,000 (Psychological Level) Risk-Reward (R:R): ~1:1 2.) Short Entry #2: Daily Level at $106,176 (Fib 0.886) Stop Loss: Above $107,000 Take Profit: Around $101,000 - $100,000 (Psychological Level) Risk-Reward (R:R): ~4:1 Support Zone and Long Setup: The support zone lies between $101,058 (Fib 0.618 of Current Wave) and $99,521 (Fib 0.382 of Entire Wave). Within this range, a laddered long position can be constructed for a high-probability trade setup. Long Entry: Between $101,058 and $99,521 Stop Loss: Below $98,500 Take Profit: Around $103,000 Risk-Reward (R:R): ~2:1 Confluences for Support Zone: Anchored VWAP: Projected support around $100K, reinforcing the psychological significance of this level. Psychological Level: 100K Fib Retracement: 0.618 + 0.382 Fib Speed Fan (0.5): The speed fan aligns with support near $100K, depending on timing. Value Area High (VAH): The VAH of the range strengthens the case for the support zone and long setup.
Short
by SiDec
HBAR’s Next Support and Resistance TargetsHBAR hit a key high at $0.3922 but faced rejection, suggesting the formation of a trading range or a potential ABC corrective structure. A developing head and shoulders pattern further signals possible bearish momentum in the short term. Key levels and trade setups: Short Setup: Entry: Around the 0.618 Fibonacci retracement of the current wave Stop Loss: Above the $0.3922 key high Take Profit: Targeting the Fib Retracement 0.382 at $0.34356 R:R: A favorable 5:1 if taken from the 0.618 retracement or 2:1 when entering after losing the dOpen Support Zone: Anchored VWAP, weekly level and Fibonacci speed fan 0.618, depending on timing, align near $0.34356–$0.33284. This confluence provides a robust area for potential price bounces. Long Setup: Entry: Within the support zone, contingent on bullish confirmation Stop Loss: Below the support zone
Short
by SiDec
LTC Trade Zones: Short or Long?LTC has been making some moves recently, with a solid rise getting close to a key high. But the current price action hints at an ABC corrective structure, so a pullback could be on the way. Short Setup: Entry: Between the 0.618 and 0.786 Fibonacci retracement of the current wave Stop Loss: $141.4 (the previous high) Target: $130.7 R:R: About 2:1 Long Setup: Entry: Around $130, with confirmation Stop Loss: $126.45 Targets: First at $134 Second at $147 (the key high) R:R: A nice 5:1 potential Why These Levels? The $130 support zone lines up with the 1:1 Trend-Based Fibonacci Extension ($130.29) It’s also near a previous swing high, adding more weight to it as a strong level Plan: If price moves into the retracement zone, a short trade targeting $130 makes sense If it hits the $130 support and shows strength, a long setup targeting $134 and $147 could be a great play
Short
by SiDec
$NVO more pain ahead! Headed down to $46-55 - NYSE:NVO was one of the hottest stocks of 2024 is now facing immense challenges by other healthcare companies in weight loss drug. - With weak results, it sets up for disappointment for 1-2 quarters. Quick turnaround in experiments isn't feasible and would need considerable time to show promising results. - It's better to put it on watchlist, attend earning call however it is likely that it might underperform FY 2025 or alteast first half of FY 2025.
NYSE:NVOShort
by bigbull037
7
atom sell midterm"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
Short
by Golden_candle
Correction Warning for Gold - Back Below 2700⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Initial Jobless Claims for the week ending January 10 increased to 217K, up from 201K the prior week and falling short of the 210K forecast. Recent inflation data and comments from Fed Governor Waller weighed on the US Dollar, as traders grew optimistic about an earlier rate cut. Waller suggested a rate reduction could be considered in the March meeting, noting that inflation is nearing the Fed's 2% target. Meanwhile, Chicago Fed President Austan Goolsbee expressed confidence in the labor market's stabilization during an interview with The Wall Street Journal. ⭐️Personal comments NOVA: Gold has completed its recovery to 2724, and the large sellers in this area will push the price back below 2700 before consolidating and rising again. This is consistent with the market awaiting the inauguration of President TRUMP. ⭐️SET UP GOLD PRICE: 🔥BUY GOLD zone: $2688 - $2686 SL $2681 TP1: $2695 TP2: $2702 TP3: $2710 🔥SELL GOLD zone: $2723 - $2725 SL $2728 Scalping TP1: $2718 TP2: $2713 TP3: $2705 🔥SELL GOLD zone: $2732 - $2734 SL $2739 TP1: $2725 TP2: $2710 TP3: $2700 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
1