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Wave Analysis

2025-04-03 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. comment: 18200 is the next huge support and it’s likely that we get there tomorrow and there I would conclude my W3 thesis. Doing another red day into the weekend seems most reasonable because who the duck wants to hold on to longs in the current environment? current market cycle: strong bear - W3 ongoing - target is 18200ish and W5 should get us to 17500ish key levels: 18000 - 20100 bull case: Bulls can make money buying new lows on days like today but bears made sure to only print lower highs. For tomorrow bulls can’t expect something different to happen. Best they can hope for is to stay closer to 20000 but I highly doubt that. Invalidation is below 18100. bear case: Bears have the 2024-04 and 2024-08 lows in sight and could get there tomorrow. They are in full control if they continue to print lower lows and lower highs. Right now the 1h 20ema is holding like a champ but my drawn bear trend line will most likely have to be adjusted tomorrow before EU open. Every bear who sold the spike down yesterday is betting on a measured move down which is around 17600. Can we get there tomorrow? Very unlikely. This is most likely a spike & channel pattern that started Wednesday and given that tomorrow is the end of the week, I expect market to now go above 19000. short term: Bearish for 18400 or even 18200. Lower highs have to hold, so no prices above 19000 or market turns a tad more neutral at least on lower time frames. Bulls can only hope for long scalps on new lows and going sideways. medium-long term - Update from 2024-03-16: My most bearish target for 2025 was 17500ish, given in my year-end special. W3 underway, W5 should get us to my target. If we get there, no matter how dire, you just have to buy some very long term investments there. Odds that Nasdaq will stay below 20000 for the next 5 years are so abysmally low. trade of the day: Sell anywhere and hold or look which bigger 20ema holds and look for shorts near it. Today it was once again the 1h 20ema.
CME_MINI:MNQ1!Short
by priceactiontds
More downside for BK?My overall thesis is we are in the very early stages of a multi-year decline ultimately with the S&P 500 below 3500. I am estimating this symbol to be in wave position SuperCycle 2, Cycle A, Primary 1, Intermediate 5 and around the end of Minor wave 3. The overall target bottom for Intermediate wave 5 and simultaneously Primary wave 1 is below Intermediate wave 3's low of 79.2315 from 12 March 2025. A movement extension to target is 78.00738 (114.59%) or 77.3584 (123.607%) and is depicted by the far right levels and percentages. Intermediate wave 3 was 31 trading hours long. The application of Fibonacci percentages to 31 trading hours is displayed by the vertical lines. The green vertical line represents the start of wave 5. The solid yellow line is 31 bars (100% of wave 3's trading hours). 161% and 261% are the light blue dotted lines thereafter. The current target bottom is around midday on 10 April. If we are currently in Minor wave 3 of Intermediate wave 5, the target bottoms are 80.2234 (114.59%) or 79.5333 (138.197%) and depicted by the middle levels and percentages. The hourly chart is currently in the middle of signaling wave 3 which likely means we are looking to finish Minor wave 3 with today's close or within the first hour of trading tomorrow. As of the open tomorrow Minor wave 3 would only be 13 hours long which is shorter than wave 1. This likely means Minor wave 5 will be 13 hours or less whenever it begins. I will begin more specific calculations on Primary wave 2's top once we finished Primary wave 1 likely next week. The very preliminary estimate if Primary wave 1 ends around 11:30 on 10 April would have seen Primary wave 1 last 198 trading hours and drop nearly 13.00 points. Primary wave 2 could top around 85.38 around 7 May.
NYSE:BKShort
by StockSignaler
Dow Jones 32% Correction Bearish Bias UpdatedI have been proved wrong about being bullish lately. I took a couple L's and had to step back. Using the monthly chart, I have marked in blue lines every year's open. I can see a clear support area at the 2020 yearly open. This will take out the lows of both 2022 and 2023 low. I will be ignoring any bullish bars in anticipation of them getting eliminated. Yes, the long-term trend is indeed bullish, and this 32% correction will be a counter trend to the current bull trend. The 2020 open is EXACTLY 50% of the high/low Market declines in %: Bearish Setups to employ: Moral of the story? Don't pay attention to bullish bars as they will soon be wiped away.
CBOT_MINI:YM1!Short
by Dow_Jones_Maestro
1
Nasdaq-100 Wave Analysis – 3 April 2025 - Nasdaq-100 index broke support level 18820.00 - Likely to fall to support level 18295.00 Nasdaq-100 index recently broke the key support level 18820.00 (the previous monthly low from the end of March). The breakout of this support level 18820.00 accelerated the minor impulse wave 1 of the intermediate impulse wave (C) from February. Nasdaq-100 index can be expected to fall to the next support level 18295.00 (former monthly low from September) – the breakout of which can lead to further losses to 18000.00.
NASDAQ:NDXShort
by FxProGlobal
I think bitcoin will bounce here on the .618 On the macro we are inside an impulse wave and just touching the .618 fib level. Also, if the measure the cycles top to bottom, you will find the end of the cycle this time actually falls around October 2025. I still think 2025 will be an amazing year for bitcoin, but the sentiment right now is very low. I think now is the best time to buy. Even if stocks continue to fall, I think bitcoin will absorb the liquidity from the stock market, as has been seen before.
BITSTAMP:BTCUSDLong
by dukeofthemoon
Decentraland: Summer FlashbackWith the recent sell-off, Decentraland's MANA reached its lowest level since early August of last year. The selling pressure should now intensify further to push the price down to the anticipated new bear market low of the green corrective wave . From there, the next magenta five-wave upward sequence is expected to begin and finally break through both resistance levels at $0.59 and $0.85 during wave . However, according to our 33% probable alternative scenario, the price could reverse upward now and directly start the impulse wave alt. . In this case, the precursor wave alt. of the same color would conclude at the current price level.
BINANCE:MANAUSD
by MarketIntel
Flow State StrategyPrice behaves like a single organism that moves in cyclical, parabolic patterns: from Higher Highs (HH) to Higher Lows (HL) to Higher Highs again, and from Lower Highs (LH) to Lower Lows (LL) to Lower Highs. Each Higher Low creates new buy orders that are fulfilled, leading to the formation of a new High. Likewise, each Lower High creates resting sell orders that are executed, resulting in a new Low. Once you understand, monitor, and act upon this principle, along with your chosen strategy, you can truly flow with the market's movements rather than against them.
CBOT_MINI:MYM1!
by jamellramsay
EURUSD Wave Analysis – 3 April 2025- EURUSD broke key resistance level 1.0930 - Likely to rise to the resistance level 1.1200 EURUSD currency pair recently broke the key resistance level 1.0930 (which has been reversing the price from November – having stopped the previous waves 2 and (2), as can be seen below). The breakout of the resistance level 1.0930 continues the short-term correction 2 from the end of last month. Given the strongly bearish US dollar sentiment seen today, EURUSD currency pair can be expected to rise to the next significant resistance level 1.1200 (the former monthly high from August and September).
Long
by FxProGlobal
SOLUSDT | Elliott Wave Projection – Next big Move Incoming 50%+BINANCE:SOLUSDT The chart is probably currently developing a five-wave impulsive structure (1)-(2)-(3)-(4)-(5), suggesting a potential bullish movement towards the 174-175 USD resistance zone before a larger correction unfolds. 📈 Bullish Setup: - A corrective A-B-C structure seems complete, with a potential impulsive wave (1)-(5) forming. - Price is reacting at a strong demand zone, initiating Wave (1) upwards. - Possible target for Wave (5) lies near **174-175 USD**. 📉 Bearish Continuation Afterwards - After reaching the projected high, expect a sharp rejection and reversal. - The final bearish target lies within the "End of Bear" zone (~108-109 USD). --- ### 🔹 Key Levels to Watch: ✅ First Bullish Target: ~174-175 USD ⚠️ Critical Support Zone: 108-109 USD --- ### 📌 **Trading Plan:** 1️⃣ Long Opportunity: If price respects the current support, target Wave (3)-(5) completion near 174 USD. 2️⃣ Short Confirmation: If price rejects at resistance, a larger bearish wave is expected. 3️⃣ Final Bear Target: 108-109 USD zone for possible long-term support. 🚨 Risk Management: - Stop-loss below 111 USD for longs. - Wait for confirmation before shorting after rejection. 💬 What do you think? Will SOL hit 175 USD before the final drop? Comment below!
Long
by ElliotXSolana
Progressive (PGR): Auto Insurance Tailwinds Support RallyProgressive Corporation (PGR) is one of the largest auto insurers in the U.S., known for its direct-to-consumer approach and popular advertising campaigns. The company also offers home, renters, and commercial insurance, serving both individuals and businesses. With a focus on digital tools, competitive pricing, and data-driven underwriting, Progressive continues to grow its market share, especially among cost-conscious and tech-savvy customers looking for fast and flexible insurance solutions. The chart recently showed a confirmation bar with rising volume, pushing the stock into the momentum zone—where price breaks above the 0.236 Fibonacci level of the current trend. This move signals increased buying pressure and could suggest the start of a more sustained uptrend if momentum stays strong.
NYSE:PGRLong
by traderspro_charts