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Wave Analysis

Gold Market Update – May 30 In my previous analysis dated May 29, I outlined the current market structure and shared expectations for a potential correction. Following recent price action, I have now updated our buy zone accordingly. As anticipated, I continue to expect a corrective move toward the 3,200–3,233 range. This zone aligns with the 0.50–0.618 Fibonacci retracement levels, making it a key area of interest. I will be closely monitoring price behavior within this range and looking for signs of rejection or bullish confirmation to initiate long positions. Further updates will follow as the setup develops.
OANDA:XAUUSD
by ThallsFX
DJIA — Setting Up for Breakout and New ImpulseThe Dow Jones Index is approaching a critical resistance zone. After a deep V-shaped recovery and clear bullish structure, price is preparing for a breakout. Chart shows a clean long entry with a stop below the recent consolidation. A break and hold above 45,000 could lead to a move toward 46,000, and if momentum holds — up to 49,300. Partial profit-taking levels: — Target 1: 45,225 — Target 2: 49,380 Fundamentally, US equity markets remain strong, and DJIA may play catch-up after lagging during the last correction.
OSE:DJIA1!Long
by InvestWorld_777
EURO/USD a projected bullish breakout.🧠 Chart Structure Overview Pair: EUR/USD Timeframe: 4-hour (4H) Platform: TradingView Indicators: SMART D S 250 6 2.6 (likely a custom or proprietary indicator) Date Range: March to early June Chart Type: Candlestick --- 🧾 Key Technical Elements 🔴 Support Zone Marked in Red: A clear demand zone between 1.07002 and 1.08499, showing historical buying interest. This is a high-probability reversal zone where price previously bounced, reinforcing the zone's strength. 🟢 Trendline Support A dynamic upward sloping trendline intersects near current price action, adding confluence to the potential bounce area. 🟨 FVG (Fair Value Gap) A yellow rectangle labeled "FVG" suggests an imbalance in price, where the market moved too quickly, leaving unfilled orders. Often, price retraces to these zones before continuing the trend — a key liquidity magnet for smart money traders. --- 📈 Projected Price Movement (Trade Idea) ✔️ Bullish Bias The chart suggests a bullish continuation setup, with price expected to: 1. Retest the ascending trendline and support zone. 2. Possibly dip into the FVG area. 3. Form a higher low. 4. Resume upward momentum targeting the green zone above. 🟩 Target Zone Marked in green, the target zone ranges from around 1.14700 to 1.16750. This is likely a take-profit zone, corresponding to prior structure highs or supply zones. 🟥 Stop-Loss Zone Located just below the support area, likely in the 1.09800 - 1.07000 range, providing a tight risk-to-reward ratio. --- ⚙️ Risk/Reward Setup The green and red rectangles represent a classic risk-reward trade box: Risk: Below the trendline and support. Reward: Above the current range high, with a projected bullish breakout. --- 🧠 Final Thoughts This chart reflects a smart money concept-based approach, combining: Market structure Liquidity zones (FVG) Support/resistance and trendlines Risk-reward planning It implies a well-defined long (buy) trade plan with technical confluences supporting bullish continuation — ideal for swing traders or intra-week position traders.
Long
by Johnson67
2025.05.30 BITCOIN LONGWe are the SeoVereign Trading Team. With sharp insight and precise analysis, we regularly share trading ideas on Bitcoin and other major assets—always guided by structure, sentiment, and momentum. 🔔 Follow us to never miss a market update. At present, the 1.902 Crab pattern has been clearly completed on the chart, and it is therefore a point where entering a long position can be considered. This pattern suggests a strong rebound potential within the PRZ (Potential Reversal Zone), and particularly, the fact that point D in the X-A-B-C-D structure precisely aligns with the 1.902 Fibonacci ratio increases its reliability. This serves as an important signal that indicates the possibility of buying pressure inflow in an oversold zone. Assuming the validity of this Crab pattern, three major take-profit targets can be established based on Fibonacci extension and Elliott Wave counting. First Target: 106611 This zone overlaps with the 38.2% Fibonacci retracement level of the previous downward wave, and if a short-term rebound occurs, it is likely to act as the first resistance. It is a price level where partial profit-taking can be considered for the sake of avoiding quick stop-outs and for risk management. Second Target: 107123 The second target corresponds to the average retracement level that the Crab pattern typically reaches. It also converges with the previous high, where relatively strong selling pressure may appear. Therefore, a strategy of taking profits on approximately 50–70% of the position is valid. Third Target: 107600 The final target can be seen as the maximum expected zone of an extended rebound from a structural standpoint. This area may coincide with a momentum zone formed upon breaking the previous high. However, as this is a zone where strong selling pressure can occur, close monitoring and the application of a trailing stop are recommended. In addition to technical analysis, it is important to confirm the validity of the entry by examining candlestick patterns and volume trends. Especially, the appearance of strong reversal candlesticks and rising volume at point D can further enhance the credibility of the buy signal.
Long
by SeoVereign
SNPS – Dangerous Correction Wave Nearing Completion?The wave structure marked in red often indicates a corrective move. While it appears impulsive at first glance, such formations typically end with a strong candle in the direction of the trend, followed by a full retracement. This rally is likely not a new bullish impulse but a complex correction within a broader downtrend. Volume remains relatively muted compared to previous sell-offs, reinforcing the corrective nature of the current wave. Due to the structure's unreliability and tendency to reverse sharply, this is a highly dangerous zone to enter a long. However, for experienced traders, a minimal long position with a trailing stop may be considered for a final push toward the resistance zone around $590. A failure to break that zone with volume will likely lead to a rapid decline back to previous lows around $400 or even $360.
NASDAQ:SNPS
by CakirInsights
Chart Pattern Analysis Of Bitcoin From K1 to K3, It is a three soldiers advancing pattern, It close below the uptrend line and the neck line of a potential double top pattern. It seems that a short-term bear run will fall to test 102K area. I will try to buy it there if the following candles couldn’t close below 0.618fib line. On the other hand, If K4 return back upon the neck line immediately, K3 will be a fake down and the following candles will keep climbing up to test 112K area. Short-106318/Stop-107318/Target-102188
COINBASE:BTCUSDShort
by nothingchangehere