S&P 500 Index→Simple Analysis SP:SPX The S&P500 index (SPX) has had an excellent run since the time (August 28, see chart below) we introduced the following piece of analysis on the similarities between the 2015 - 2017 fractal and today's 2022 - 2024:
If it continues to replicate the past pattern into the 2018 fractal as well, then we may experience the last correction of the Bull Cycle around March 2025 towards the 1W MA50 (blue trend-line) as it happened in February - March 2018 and then the final rally to a new All Time High (ATH) towards the end of the year (October - December 2025).
What this pattern shows, and what we've presented to you as a possible scenario on previous analyses, is for a new Bear Cycle to begin in 2026, four years after the Inflation Crisis of 2022, that will once more test the 1W MA200 (orange trend-line), which is the market's long-term Support.
As a side-note to investors, it is important to understand that corrections are cyclical and crises systemic. Long-term, multi-year patterns like this, help us understand with a certain degree of efficiency, when to enter and when to exit. Timing is at times (especially on such long-term horizons), more important than pricing.
Trend Lines
USOIL BULL Triangle The oil chart is showcasing a large triangle pattern within a smaller triangle, and the breakout of the smaller triangle to the upside strongly suggests that the larger triangle will also be broken. This breakout signals the potential to target significantly higher levels.
Additionally, the bottom has been tested approximately four times, with the last test clearing out all liquidity. Now, the chart appears to be gearing up for a major upward move after a prolonged accumulation phase.
As for my perspective, I’m betting on oil’s rise rather than its decline, even though the current triangle formation is typically a bearish (descending) triangle.
The second entry opportunity will present itself after the larger triangle is broken and confirmed through a retest.
Note: I don't care about the count if it right or not don't comment on that please
BTCUSDT 100K resistance zone and ATH can dump the priceAs we can see price now is near 100K$ resistance zone and ATH resistance and we can expect short-term fall now to the targets like 90K$ or more dump even like the prices mentioned on the chart.
long-term BTC is still bullish and after range for couple of weeks and correction and short-term fall we can expect breakout of ATH and targets like 120K$.
DISCLAIMER: ((trade based on your own decision))
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SHIBUSDT major daily support ahead Soon i am looking for at least +70% pump for SHIBUSDT and it may happen now after breaking red zone resistance or after more correction to the major daily support zone and pump from there.
DISCLAIMER: ((trade based on your own decision))
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AUDUSD InsightHello, subscribers!
Great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- November CPI: Expected to rise 0.2% MoM, with the core CPI forecasted to increase 0.3% MoM. - The market remains cautious about the potential for results exceeding expectations.
Reserve Bank of Australia (RBA): Although the RBA kept rates unchanged, Governor Michele Bullock stated during a press conference that the board has gained "some confidence" in the decline of inflation.
- Upcoming Events: Following the U.S. November CPI release, the Bank of Canada (BoC) is scheduled to announce its interest rate decision. The BoC is expected to lower rates by 50bps at this meeting.
Key Economic Indicators
- December 11: U.S. November CPI, Bank of Canada interest rate decision
- December 12: European Central Bank (ECB) interest rate decision, U.S. November PPI
- December 13: U.K. October GDP
AUD/USD Chart Analysis
The upward trendline supporting AUD/USD’s bullish movement appears to be on the verge of breaking. While a rebound is still possible, the likelihood of a decline has significantly increased.
- Bearish Scenario: If the price breaks below 0.63500, a further drop toward 0.62000 could be expected.
- Bullish Scenario: If the pair rebounds from its current level, we could target 0.69000 as the potential high.
If the market moves contrary to these expectations, I’ll quickly adjust the strategy accordingly.
XAUUSD Speculative BuySAXO:XAUUSD moves higher from Asian to Europe session and seems continue to catch 2670. As middle east tension continue spark, investor and trader likely hunt the safe haven assets especially GOLD. Another fundamental reason is FED Cut Rate cycle probability which now on 80% 0.25bps cut this month.
On the technical analysis side, GOLD now testing the sideways resistance. We may see 2658 - 2666 as resistance area and if it's broke up the price would come to 2670-2677 as we see MA200 on H4 and trendline resist on D1 chart.
Anyone agree with this idea? Please leave your comment! Thankyou
XAGCAD - Silver on the move, massive gains in 2024Silver has performed really well. Just in 2024 alone, it has gained appx. 45%
It appears silver is making a short burst towards the next resistance line - going for the breakout attempt.
I am in around the $20-$24 range. If it falls near or below the support line I will make some more buys.
I am not a professional by any stretch but I see silver heading to $100 CAD / Oz.
I only keep a small emergency fund in silver. For an emergency fund it's outperforming any of my other trades.
Gov't: Keep the printers running :yum:
Not financial advice, only what I am doing.
EURGBP Wave Analysis 10 December 2024
- EURGBP under bearish pressure
- Likely to fall to support level 0.8200
EURGBP currency pair under bearish pressure after breaking the support zone between the key support level 0.8265 (which stopped previous waves iii, (i) and i) and the support trendline of the Descending Triangle from November.
The breakout of this support zone accelerated the active impulse waves 3 and v – which belong to the impulse wave (3) from January.
Given the clear daily downtrend, EURGBP currency pair can be expected to fall toward the next support level 0.8200, the target for the completion of the active impulse wave 3.
Gold- Towards target after confirmation?In yesterday's post, I highlighted the high probability of an upward breakout above the 2655–2660 resistance zone. As anticipated, XAU/USD successfully broke through this key level, confirming its importance.
Following the breakout, the price reached a high near 2675 before undergoing a normal correction. This pullback was healthy for the trend, as it retested and confirmed the previously broken resistance zone (2655–2660) as new support. This successful retest reinforces the strength of the bullish momentum.
Looking ahead, my outlook remains optimistic. I anticipate a new leg higher, with the price likely targeting the 2685 resistance zone. I will maintain my bullish stance as long as the 2660 area holds firm as support. My preferred strategy is to "buy the dips," taking advantage of pullbacks within the broader uptrend.
CMPX reversalAttending a investor conference Monday the 18th along with a ton of other biotech companies may be what cmpx needs for a kick in the rear to get this larger down trend to pop, doubtful but can atlest retest with this right shoulder in the coming weeks or days. Invalidated of course if we break lower than the head price.
Big pullback coming for DOGE? Or break towards the ATH!Getting a broad pullback in the market today, taking #DOGE close to a tag of the DEMA 20 but still within a rising channel. DOGE pumped 4 times in the 2021 bull phase. Twice it reached a daily RSI over 90. The first time it corrected 53% and consolidated for 2 months. The second time is corrected 65% and consolidated for 2 weeks before peaking for the cycle 1 week later. 3 weeks ago, the daily RSI peaked over 90. Will #DOGEUSDT experience a major correction this time, or is this time different? A break of the rising channel and drop below the $0.40 horizontal support may be a sign that a deeper correction is in store. A correction may be bought quickly in the bullish market. Continuing to rise within the channel may result in a break to new highs and the next pump towards the ATH.
Please let me know in the comments what other signs may give us a clue what DOGE's next move will be from this rising channel! I'd love to hear others' thoughts!
RENDER analysis...hello friends
This currency, which is from the Solana ecosystem, experienced a correction of about 70% after the pump and was able to continue its growth again with the formation of a bottom.
Now, due to the good growth it has had, it is expected that it will be able to break the ceiling and reach the specified goals.
We have specified the purchase points for you.
Capital management must be followed.
Be successful and profitable.
EURUSD / M15 / SHORTEURUSD May Fall from the Bearish Order Block
Bearish Order Block: 1.05683 and 1.05632
EURUSD is currently following a downtrend, and a potential bearish order block has been identified between 1.05683 and 1.05632 on the M15 timeframe. If the price retraces to this order block, it presents an opportunity for a short position. With strong bearish momentum in place, there is a high probability that the price will respect this zone and continue downward, aligning with the overall market structure.
I've outlined two take profit targets for this trade setup, offering clear risk management and reward opportunities. Let’s monitor how the price reacts to the order block and unfolds further.
EURUSD / M15 / SHORT
LOT :- 0.2
Entry Price :- 1.05630
Take Profit :- 1.05222
Stop Loss :- 1.05752