VIRTUAL TA Masterclass — Elliott Wave Meets Gartley HarmonicVIRTUAL has been on fire! Printing a clean 5-wave Elliott impulse with a +431% run in just 33 days. But after every strong trend comes a healthy correction, and that’s where we likely are now. Trading below key resistance and showing signs of exhaustion. The question: Where is the next high probability trade setup?
Let’s break down what the chart is telling us.
🧠 Structure Overview
Wave 5 peaked at $2.2169
Wave A dropped -25%
Wave B bounced +30%
Currently: VIRTUAL's trading under the $2 psychological level and weekly open ($2.0358) → signs of momentum cooling
A corrective Wave C is likely underway, and all signs point toward a very specific zone.
⚠️ Liquidity Dynamics
The longer VIRTUAL grinds sideways near $2.00 without showing real momentum, the more vulnerable late long positions become:
Retail traders are buying resistance
SLs are likely clustered just below Wave A’s low
This creates a liquidity pocket waiting to be swept — perfect fuel for Wave C
🔍 The $1.58–$1.47 Support Cluster: 14 Layers of Confluence
This zone isn’t guesswork — it’s loaded with technical overlap:
1️⃣ 1:1 Trend-Based Fib Extension of Wave A → $1.573
2️⃣ Monthly Open → $1.5354
3️⃣ 0.382 Fib Retracement of the entire rally → $1.5295
4️⃣ Bullish Fair Value Gap → $1.57–$1.53
5️⃣ Anchored VWAP from ATH → ~$1.46
6️⃣ Anchored VWAP from Wave 3 → ~$1.46
7️⃣ 0.618 Fib Speed Fan Support (~end of May timing)
8️⃣ 4H 233 SMA → ~$1.52
9️⃣ 4H 200 EMA → ~$1.52
🔟 Daily 200 SMA → $1.5251
1️⃣1️⃣ Weekly 21 SMA → $1.462 (reinforces the VWAP zone)
1️⃣2️⃣ Declining Daily Volume → momentum weakening
1️⃣3️⃣ Liquidity Pool below Wave A → likely to be swept
1️⃣4️⃣ $2 = Golden Pocket Resistance + Psychological Barrier
🔴 Short Trade Setup (Active as Long as SFP Holds)
For those favouring downside continuation toward the Wave C target, a short setup is in play:
Entry: Weekly open retest around $2.0358
Stop-loss: Above SFP high at $2.143
Target: 1:1 Trend-Based Fib Extension of Wave A → $1.573 or the Swing Low of Wave A at $1.647
R:R ≈ 1:4 — a solid, well-structured short opportunity
As long as price remains below the SFP and the $2.00 golden pocket resistance, bears maintain control.
🟢 Long Trade Setup
Entry: Ladder between $1.58–$1.47
Avg. Entry: ~$1.53
SL: Below $1.40
TP1: $1.88 (local resistance) → R:R ≈ 1:2.5
TP2: $3.33 (0.618 Fib of entire bear market) → R:R ≈ 1:12
👉 Bonus TP for Harmonic Setup: 0.618 Fib of CD leg
✨ Bonus Confluence: Potential bullish Gartley Harmonic in Play
VIRTUAL is also forming a valid Gartley harmonic pattern — one of the most reliable reversal setups in classical trading theory.
🔸 XA: B retraced to 0.602 → ✅ (criterion: ~0.618)
🔸 AB: C retraced 0.87 → ✅ (valid range: 0.382–0.886)
🔸 CD: Projected to complete at 0.786 of XA → ~$1.474
• CD is a 1.356 expansion of BC
• AB ≈ CD symmetry is valid
• TP = 0.618 retracement of CD leg
This adds even more weight to the $1.47–$1.53 buy zone.
📘 Educational Takeaway
The best setups don’t rely on one method — they align multiple disciplines. Here, we have Elliott Waves, Fibonacci retracements, anchored VWAPs, volume structure, moving averages, time symmetry, and now a harmonic pattern — all pointing to the same opportunity. Most traders never wait for alignment. That’s why most lose.
💬 Final Words
✍️ Smart trading isn’t about always being in a trade — it’s about being in the right one at the right time.
While others FOMO at $2, you wait for the right opportunity to come to you — where structure, liquidity, and probability all shake hands.
The patient are rewarded. Always.
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Shortsetup
$GOOGL the pattern is there, target $152, short setup.NASDAQ:GOOGL You tell me. This looks so ready to go back below $150. My target is $152. I am entering puts right now with a strike price of $150 for 6/20 starting at $1.33 entry. I will add some on a push towards $167-$168. I will give up if it pushes through or holds at $170. This just looks to good TECHNICALLY in my opinion. I will keep you updated. I am willing to watch this position go down 65% where I will consider selling; looking at price and time to expiration. We are not out of the weeds yet when it comes to political rhetoric regarding tariffs even though this name shouldn't be affected by such because it is software, nothing physical but when the idea of tariffs are spewed the market as a whole reacts in negatively.
WSL.
SUI — Breakout or Breakdown? Long & Short SetupsSUI has been trapped in a trading range for the past 6 days, consolidating between key levels and building up liquidity for the next big move. When price goes quiet like this after an impulsive structure, it’s not time to trade—it’s time to observe, analyse, and prepare.
So, where’s the next high-probability setup?
Let’s break it down:
🔹 Elliott Wave Context
From my previous SUI analysis, I identified a completed 5-wave impulse structure. After such a move, a corrective ABC pattern is typically next.
SUI has been respecting technical levels with surprising accuracy throughout this cycle—especially Fibonacci levels and key horizontal zones.
📉 ABC Correction in Progress?
Wave A appears to be completed, and Wave B was rejected at the yearly level in perfect confluence with the golden pocket (0.618–0.666) retracement of Wave A. This strongly suggests that Wave C is now unfolding.
Using the 1:1 trend-based Fib extension, the projected Wave C target lands at:
➡️ $3.6413
Let’s dig deeper—does this level hold up under further scrutiny?
🔍 Multi-Layered Confluence at $3.56–$3.64
Here’s what aligns at this potential support zone:
1:1 Fib extension (Wave A = Wave C) → $3.6413
0.55 Fib retracement (from $3.1132 to $4.2967) → ~$3.64
Volume Profile POC from prior range → ~$3.59
0.618 Fib retracement → $3.5653
Weekly level → $3.5594
21-Day EMA → $3.5537
21-Day SMA → $3.6319
0.75 Fib Speed Fan (if hit on May 16) → aligns with zone
This stack of levels gives us a tightly packed, high-conviction support area between:
📍 $3.56 – $3.646
___________________________________
🟢 Long Setup Idea:
Entry Zone: Ladder entries between $3.56 and $3.75
Stop-Loss: $3.4546 (beneath confluence zone)
Take-Profit Target: $4.588 (0.786 Fib retracement + -0.236 Fib extension)
R:R: ~5:1
🚫 Invalidation: If SUI reclaims the yearly level at $4.1152 before revisiting this support, the setup is invalidated.
🔴 Short Setup Idea:
If SUI pushes into the 0.786 Fib retracement at $4.588 and shows clear rejection (e.g., SFP, bearish engulfing, high-volume reversal), a short can be considered.
Entry: On rejection at $4.588
Stop-Loss: ~$4.714
Targets:
TP1: $4.325 (recent highs)
TP2: $4.1152 (yearly level)
🧠 Final Thoughts:
This is where trading becomes a game of patience. I’ve mapped both long and short setups based on structure, confluence, and price behaviour. Now it’s about waiting for price to come to your levels.
⏰ Alarms set.
📈 Let the chart do the work.
More updates to come as the range resolves. Stay sharp!
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APPLY CAUTION EURGBP SHORT FORECAST Q2 W21 D22 Y25EURGBP SHORT FORECAST Q2 W21 D22 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block
✅15' order block
✅Intraday bearish breaks of structure
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
SOL Trade Blueprint: Waiting for the High-Conviction EntryAfter printing a SFP at the key high of $180.52 followed by a sharp -8% rejection, SOL made a second attempt to breach the major resistance zone between $180–$185 — but once again, bulls fell short. Since then, price has been in a corrective phase. So the big question is: where’s the next high-probability trade setup? Let’s zoom out and break it down.
📏 Zooming Out: Structure, FVG & Fib Confluence
Back on May 8th, SOL broke through the April 25th swing high at $157 with strong momentum, leaving behind an untested Fair Value Gap (FVG) — a key displacement area that’s yet to be filled. When we draw the Fibonacci retracement from the low of that move to the current high, the 0.618 retracement lands precisely at $157.34 — right on the old breakout high. That’s a beautiful confluence.
Timing-wise, if SOL pulls back to that level between May 21–22, the 0.75 Fib speed fan also kicks in — adding dynamic trendline support to the static Fib level.
📉 What About the $164 Golden Pocket?
There's a golden pocket forming around $164 from a recent mini-impulse, and while it may look tempting, context matters. This pocket isn't supported by enough confluence — no major structure, volume shelf, or EMA alignment. For a quick scalp? Yes. But for a high-conviction swing? It's not ideal.
Remember, in trading we're not here to chase every candle — we're here to wait for the setups that stack the most reasons to say yes.
📍 The Zone to Watch: $157
Now let’s talk about that $157 zone — and why it’s standing out as the highest-probability long setup:
0.618 Fib retracement of the major impulse
Retest of the breakout swing high
Untested Fair Value Gap (FVG)
233 EMA + 233 SMA on the 4H timeframe lining up as dynamic support
1.5 outer pitchfork support line crossing through
1:1 trend-based Fib extension confluence
Prior area of interest
This is what we call a “stacked setup.” The more layers of confluence, the more conviction we have in the trade. Add to that the potential for a liquidity sweep (SFP) just below the current low at $159.44 — and it becomes a zone worth watching closely.
🎯 Long Setup:
Entry: $157–$159.44 (watch for SFP confirmation)
Stop-Loss: Below $154
Target: $200
R:R: Approx. 1:12 — a setup worth being patient for
🧠 Educational Note: Why Confluence Is King
High-probability trades don’t come from guessing. They come from stacking confluence: structure, Fibonacci, moving averages, time-based levels, pitchforks, VWAPs, volume profiles — the more that lines up, the less you need to hope and the more you can trust your edge. Think like a sniper, not a machine gun.
The market rewards patience and precision — not noise and FOMO.
🔻 Short Setup (Alternative Play)
While we’re primarily bullish, there’s a valid short opportunity at the psychological $200 mark — but only if price shows clear rejection and confirmation (e.g. SFP, bearish engulfing, high volume reversal).
Entry: $200 rejection
Stop-Loss: Above $205
Target: $185–$180
R:R: Approx. 1:3+
🔥 Final Words: Trade With Purpose
This is what trading is about — not chasing green candles, but waiting for structure, clarity, and alignment. Whether you’re trading long or short, focus on high-conviction setups backed by logic and levels, not emotion.
Don’t trade for action. Trade for precision. The market will always reward the patient ones who are willing to wait for that clean entry, stacked with reasons to act.
Trust the process, stay disciplined, and let the charts do the talking. 💪📈
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Rising wedge on SPY - Melt up? or Next leg down? Immediate Bias (Tomorrow):
Scenario 1 – Bullish Continuation (Low Probability unless there's a macro catalyst):
Breaks above ~$596–$598 cleanly
Retests that zone as support (watch 595.50 intraday)
Then targets:
600 psychological
604–608 upper resistance channel
Possible end-of-month blow-off top: 612–618
Scenario 2 – Pullback / Rejection (More Probable Setup):
Rejected at ~596–597 zone (which aligns with upper wedge resistance)
Breakdown below $590 intraday
Then targets:
587.80 EMA cluster (20/50)
If lost → 576.44 next EMA + demand level
Followed by major support at 565.87 / 563.43
🔥 Week Ahead Trade Plan (May 20–24)
✅ Bullish Possibility:
If NVDA earnings, FOMC minutes, or macro data surprise to the upside
Watch for breakout above the red wedge and hold above 600
Target range: 604 → 612 max upside
🚨 Bearish Scenario:
Wedge breakdown below ~$590
Momentum cracks down to:
587
576 (watch for bounce)
If panic selling → 565–563 (larger time frame buying zone)
Volume divergence and overbought EMAs support a potential cool-off.
📅 Monthly Projection (End of May):
If wedge breaks down → consolidation range between 563 – 587
If wedge breaks out → blow-off rally up to 612–620, but likely to fade quickly
Fed commentary and NVDA earnings on May 22 will be major catalysts
📌 Key Levels
Type Price Notes
Resistance (R3) 612–618 Final upside blow-off zone (channel top)
Resistance (R2) 604 Overhead channel line
Resistance (R1) 595–598 Wedge top + major resistance
Support (S1) 587 EMA cluster + strong local demand
Support (S2) 576 Clean structure + prior breakout
Support (S3) 565–563 Confluence of long-term EMAs + trendline
🎯 Trade Setups
📉 Bearish (Favored if no breakout tomorrow):
Short 595–597 with stop above 600
Targets: 587 → 576
Optional: Add below wedge break (~590)
📈 Bullish (Confirmation-based):
Break + retest of 597–600
Target: 604, then scale out at 612
Avoid front-running long unless you see volume + price close outside wedge
BTCUSD 30M | OB Rejection + FVG Target | Liquidity BelowSmart Money Concept Breakdown | May 18, 2025
This BTC setup is screaming institutional manipulation — and we’re ready to ride the wave. The most recent candle shows another clean rejection from the 30M Order Block, giving high confidence in bearish continuation.
🔍 Key Breakdown:
Entry Confluence:
Bearish OB between 103,569–103,634 tapped with a perfect wick
Candle rejected CRT High (high-probability manipulation zone)
Rejection confirmed with a bearish engulfing candle structure
Target Mapping:
Sell Side Liquidity: 102,643.59
Fair Value Gap: 102,200 zone
Weak Low: 101,420.70 (likely final draw on liquidity)
RR Setup:
Entry: 103,570 zone
SL: Just above CRT High at 103,811
TP1: SSL pool
TP2: FVG
TP3: Weak Low
Risk-Reward Range: From 1:2.5 to 1:5+ 💰
🧠 Institutional Logic:
The rally into the OB was likely a buy-side liquidity grab, faking retail breakout traders before dropping. If price breaks below 102,643 with momentum, expect a sweep of the FVG and weak low.
🎯 Bonus Watch:
If price returns to the OB but fails to break CRT High again = solid re-entry confirmation 📉🧠
Supply Zone Rejection & BOS Confirm Downtrend ContinuationAfter a clean shift in structure marked by a CHoCH and subsequent BOS, price retraced into a clear supply zone—offering a high-probability short setup. Here's how the setup unfolded:
🧠 Trade Rationale
Break of Structure (BOS): Price broke below a key higher low, confirming a bearish structure.
Change of Character (CHoCH): Signaled the end of bullish momentum earlier in the sequence.
Supply Zone: Price retraced into a well-defined supply area (aligned with imbalance and prior support turned resistance).
Entry: Short taken as price tapped into the supply and failed to make a new high—further confirmed by a lower timeframe CHoCH.
Target: Aiming for the next BOS level below, aligning with clean equal lows/liquidity draw.
🔍 Key Concepts Highlighted
Structure-based trading with CHoCH and BOS labeling.
Supply zone entries based on price action confirmation.
Risk-to-reward driven decision-making (tight SL above supply, TP near next demand).
💬 What do you think? Do you wait for confirmation within supply, or enter at touch?
Let’s discuss—drop your thoughts and feedback!
Gold price hidden 3200, waiting for opportunity to increase✍️ NOVA hello everyone, Let's comment on gold price next week from 05/19/2025 - 05/23/2025
🔥 World situation:
Gold prices dropped over 1.5% on Friday, poised to close the week with a steep loss of more than 4%, as improved risk sentiment drove investors away from safe-haven assets and toward equities and other riskier investments. At the time of writing, XAU/USD is trading around $3,187, retreating from a daily peak of $3,252.
The precious metal started the week on the back foot following reports of a significant de-escalation in the US-China trade conflict, including a mutual agreement to reduce tariffs by 115%, which triggered a sharp selloff in bullion. Despite fluctuating between $3,120 and $3,265 throughout the week, gold struggled to sustain bullish momentum, with fading buyer interest becoming increasingly evident amid stronger risk appetite and encouraging US economic data.
🔥 Identify:
Gold price is still in the accumulation phase waiting for a price decrease around 3200. Will be greatly affected by tariff news and Russia - Ukraine peace negotiations
🔥 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: $3265, $3357
Support: $3160, $3112
🔥 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
Bitcoin Might Be Forming a Local Top – Watch the Trendline!!After completing a clear 5-wave impulsive move, Bitcoin appears to be losing bullish momentum. The price is testing the main ascending trendline, and a breakdown could lead to a deeper correction.
The wave count suggests that the 5th wave may already be completed, potentially marking a local top. The key support zone to watch is around $97,740 – a clean break below this level could trigger further downside pressure.
📉 Structure: 5-wave impulsive move
🟦 Support zone: ~$97,740
🔵 Trendline: Currently under test
📌 Bias: Bearish below trendline
📅 Forecast Date: May 18, 2025
⏳ Timeframe: 4H
This is not financial advice. Always manage your risk.
SHORT - GOLD (XAU/USD): Decending Triangle on GOLD Good Morning, Traders.
As always, please note that this is not financial advice — always do your own research (DYOR).
This morning, we are observing the development of a descending triangle pattern on the 15-minute timeframe, forming at a critical support level. This technical formation is often indicative of bearish momentum.
Should the price action decisively break below this key support, it would signal a potential shorting opportunity. Such a breakdown could trigger accelerated selling pressure, offering the possibility of favourable risk-to-reward setups for short positions.
Traders are advised to closely monitor price behavior around the support line, watch for increased volume on the break, and ensure proper risk management before entering any positions.
Stay vigilant and trade smart.
SPELL/USDT Analysis – Possible Strong Correction
This asset is completing the formation of a reversal structure.
Above the current price levels, there are strong volume-based sell zones. If a reaction occurs from these zones, a sharp decline may follow, with the potential to reach the current low at $0.00051.
Sell Zones:
$0.00068–$0.000706,
$0.000724–$0.00074.
This publication is not financial advice
Gold price downtrend with PPI news⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) extended their decline for a second consecutive session on Thursday, marking the third drop in the past four days and slipping to a more than one-month low below the $3,150 mark during Asian trading hours. The sustained downward pressure is largely driven by renewed optimism following signs of a meaningful de-escalation in the US-China trade dispute — a development that has dampened demand for traditional safe-haven assets like gold.
The announcement of a 90-day trade truce between the world’s two largest economies has also helped ease recession fears in the U.S., prompting investors to scale back expectations for aggressive monetary policy easing by the Federal Reserve. This shift has supported a continued rise in U.S. Treasury yields, further weighing on demand for the non-interest-bearing yellow metal.
⭐️Personal comments NOVA:
Downtrend, bears continue to put downward pressure on the market, heading towards the 3100 price zone
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3198- 3200 SL 3205
TP1: $3190
TP2: $3180
TP3: $3170
🔥BUY GOLD zone: $3101 - $3099 SL $3094
TP1: $3110
TP2: $3120
TP3: $3130
⭐️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
AUD/CAD Short🔻 AUD/CAD Short Setup (High-Probability Rejection Play)
🔹 Entry Zone:
0.8990 – 0.9060
Ideal entry: 0.9020 (mid-zone if price stalls or forms a wick)
🔺 Stop Loss:
0.9120 (above all 2023–2024 highs and structure traps)
This SL protects you from a true breakout
🎯 Targets:
TP1: 0.8800 (prior swing lows / first clean zone)
TP2: 0.8650 (mid-range support with confluence)
TP3 (extended): 0.8500 (range bottom — aggressive but clean if momentum kicks in)
MOODENG Up 1561% — Is a 50% Crash Next?MOODENG has gone full parabolic — launching from $0.0206 to $0.34 in just 36 days. That’s a staggering +1561% gain. But after a move this vertical, it’s time to ask the real question: can it sustain this pace… or is a correction looming?
Let’s break it down.
Technical Snapshot
MOODENG just tapped a major resistance zone — the 0.786 Fibonacci retracement (log scale) of the entire bear trend from $0.70 down to $0.0206. That drawdown was a brutal -97% over 143 days, defining the last macro bear cycle. The current rally has now retraced almost 80% of that decline.
And now? It’s knocking on exhaustion’s door.
RSI Screaming Hot
The RSI on the daily chart is currently at 96 — a level rarely sustained for long. Historically, these readings lead to sharp corrections as early bulls take profit and late buyers get trapped.
Key Structure:
The key swing high at $0.31982 was just taken out, possibly as a liquidity grab.
Price is now hovering at this level — hovering… or topping?
Potential Retracement Zone
If MOODENG enters a standard corrective phase, the $0.15411 level stands out. — it lines up as a logical 50–61.8% retracement zone from the recent parabolic leg. A return to that level would mean a -50%+ crash from current highs.
Short Trade Idea (On Confirmation Only)
Entry: Break below $0.32 and retest it as resistance
Stop-Loss: Above $0.34 (structure invalidation)
Target: $0.15411 (0.618 Fib retracement)
R:R: 7:1+
This setup requires patience. Don’t front-run it — let price lose $0.32 with conviction and treat a clean retest as your trigger.
📘 Bonus Insight:
Whenever you see extreme RSI paired with major Fib levels (like 0.786), you’re likely looking at the exhaustion phase of a move — especially when paired with psychological price levels and historical resistance. That’s where smart money exits… and emotional money enters.
🧠 Educational Note: Why You Should Be Cautious with Parabolic Moves
These kinds of explosive rallies are exciting, but they’re often unsustainable. When price goes vertical and indicators like RSI hit extreme levels, smart money starts exiting — and emotional money starts chasing.
Parabolic moves often end with sharp, sudden crashes. Chasing these tops may feel tempting, but more often than not, it leads to losses. The real edge comes from waiting — for structure, confirmation, and setups with defined risk. Don’t trade hype. Trade the chart.
Summary
MOODENG up +1561% in just over a month
Tapped the 0.786 Fib of its entire macro downtrend
Daily RSI at 96 → overheated
Break & retest of $0.32 = ideal short setup
Targeting a possible -50% correction to $0.15411
Keep your emotions out of it — parabolic runs like this are exciting, but it’s discipline that gets you paid. Let price confirm. Then strike. 📉🔥
XAU/USD continues sideways above 3200 zone⭐️GOLDEN INFORMATION:
U.S. President Donald Trump stated on Monday that he does not anticipate reinstating the 145% tariffs on Chinese imports following the current 90-day suspension. In a Fox News interview on Wednesday, he emphasized the "excellent" relationship with China, which fueled trade optimism and weighed on safe-haven demand for Gold during the Asian session.
Meanwhile, on the geopolitical front, Russia and Ukraine are preparing for their first high-level, in-person negotiations since 2022, scheduled to take place in Istanbul this week. The talks come amid mounting international pressure for Moscow to accept a proposed 30-day ceasefire. Representing the U.S., Secretary of State Marco Rubio, along with special envoys Steve Witkoff and Keith Kellogg, are expected to participate in the discussions.
⭐️Personal comments NOVA:
Accumulation price zone, gold price sideways around 3200 - 3270, balance between buyers and sellers
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone : 3282- 3284 SL 3289
TP1: $3270
TP2: $3260
TP3: $3250
🔥BUY GOLD zone: $3167 - $3165 SL $3160
TP1: $3178
TP2: $3189
TP3: $3200
⭐️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
DJI – Ready for the Final ActAfter the breakdown below the last support on March 11th, the price pulled back and formed P2.
A frightening drop followed, reaching P3, then a sharp V-shaped recovery up to point (4)—just a few points shy of the Center Line.
If P2 doesn’t get taken out, things could turn ugly again. Because in that case, my new target lies below the white Lower Median Line Parallel, at P5.
Nothing is certain—never has been. But these days, *everything* feels off balance.
The moves are insane. Governments trading ahead of the news, making hundreds of millions at the expense of ordinary people. It’s like reality has left the building.
Tiny positions. Tight stops. Very high risk-reward ratios. And absolutely zero FOMO.
That’s how these markets must be traded.
Anything else, and we’re bound to get wrecked.
\#backfromcontemplation