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Wave Analysis

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Long
by emawilliams
Know your targets on all timeframes - Gold Whether you are a long term investor or a day trader, it is important to know your targets i.e. your optimal exit levels. Looking at the monthly analysis the monthly target has been met. Zooming in you can see that we slightly overextended the target. That is because on the smaller timeframes (such as the 4hr timeframe) there were internal targets to be met. As of today, all timeframe almost all targets have been met, aside the target from the last 15 min cross of the macd. This doesn't mean that gold will fall like crazy immediately! We might in fact get some retest of the top after a 30 or 1hr correction first. As soon as we get some re test of the top failure, some double top, or an impulse to the downside followed by a correction, we'll be looking into shorting gold for the c wave down to the $2000 area.
FX_IDC:XAUUSD
by TradingClear
ALT SEASON ? Read thisAlt's Dominance last two halving Was in uptrend After halving it went to visit weekly support After Then it go to create New ATH (Alt Season) we now finished first two areas Alt's Should fly from that point or maybe 2 weeks after The Alt season occurs for 140-120 Day As previous cycles So you will have good time to buy i got some opinion for that cycle it's not gonna be sharp because most investors Are ETF's + Gov + Big compaines they will not leave BTC to go invest on some shit coin which can't afford their investments Chart is very good and got alot of info But need to study it more and more Be ready bad news will end all of that .. or elections maybe or black swan
CRYPTOCAP:OTHERS.D
by emadfarg201120
#Bitcoin Update – Wednesday, 30.10.2024As-salamu alaykum and Good Evening to All Brothers and Sisters! #Bitcoin has made a massive jump, just as predicted in my last analysis! We've successfully hit our first two Take Profit (TP) targets, marking a significant achievement. However, the price faced rejection at the upper side of our Yellow Area. This could mean that a retracement is on the horizon, although it’s not yet confirmed. I’ve outlined all the crucial support and resistance levels on the chart, which will guide us in understanding Bitcoin’s next potential move if the retracement is confirmed. What's Next? If a retracement is confirmed, we might see a slight price drop over the next few days. This drop could reach as far as levels marked by Arrows #4, #5, and #6, potentially retesting the previous all-time high. The Red Line at this level is particularly important. If the price does pull back to these levels, it will likely retest and consolidate support, setting the stage for a new all-time high run! Let’s keep a close eye on these key points, as they will be essential in preparing us for the next major move. #Alts (Altcoins) Altcoins are currently in a delicate position due to rising Bitcoin dominance, now above 60%, which is considerable. When Bitcoin pumps, a few altcoins may perform well, but during even a small Bitcoin pullback or retracement, many altcoins tend to lose value by double digits. This is why I’m holding off on updating my altcoin list for now. I recommend waiting on altcoin trades until we see some retracement in BTC.D (Bitcoin Dominance). Stay tuned for more updates, and as always, I wish you all a profitable week ahead. Let’s keep the energy up and make the most of these moves! Have a fantastic day!
Long
by MoonTradingForecast
1
Physical demand for gold is still strong?“Gold is basically ignoring a stronger dollar and rising Treasury yields,” Michael Armbruster, co-founder and managing partner at Altavest). He believes that indicates , primarily from central banks that are committed to dedollarization of their reserves.” Similarly, Oxley pointed to speculation that the continued strength in gold is a “wider paradigm shift driven by BRICs+ central banks beefing up gold reserves to reduce reliance on the U.S. dollar,” he said. BRICs refers to an intergovernmental organization that includes Brazil, Russia, India and China. But “perhaps the most convincing argument to ‘rationalize’” gold’s latest price moves is that they’re part of a “wider ‘Trump trade’ as markets adjust to a higher probability being assigned” to a U.S presidential election win for former President Donald Trump, said Oxley. “If you’re worried about fiscal profligacy, financial repression and attacks on independence, gold would be an attractive asset,” he said. However, ”When Russia and Ukraine negotiate peace, as well as Hamas and Israel, and China’s economy recovers, then there will downward pressure on gold prices,” said U.S. Money Reserve’s Moy.Needless to say, the idea of peace seems a bit far fetched at this time.
OANDA:XAUUSD
by Alecampos83
BTC to the $446 in five years! The biggest capital robbery ever!This is not just for crypto! All assets will lose their value. A theory suggesting an impending depression combined with the idea that Bitcoin and other cryptocurrencies might have been created as a "trap" to channel capital back to the state is intriguing and raises important questions. While this view is speculative, there are some interesting aspects to your analysis of economic cycles and the role of governments and central banks. 100-Year Economic Cycle Historians and economists recognize that long economic cycles, like the Kondratieff wave, involve alternating periods of economic booms and busts over roughly 40-60 years. While the exact duration and frequency vary, some analyses indicate that we are approaching a phase of debt deflation, or even a potential depression. The exponential growth of debt and the sustained low-interest-rate policies support this outlook. Crypto and the Role of Government Bitcoin and other cryptocurrencies were originally designed as decentralized, non-government-controlled currencies, independent of banks and states. While it is speculative to claim that governments were behind Bitcoin's creation, it is true that some governments are closely monitoring the crypto market, possibly to manage large capital flows and ensure tax compliance. However, Bitcoin and other cryptocurrencies do not guarantee protection against economic crashes. Governments could regulate these markets further, affecting their value and accessibility. Central Bank Digital Currencies (CBDCs), for instance, represent a way for governments to exert greater control over digital money flows, which contradicts Bitcoin's original intent. Fear and the Use of Assets Like Gold and Bitcoin Concerns around CBDCs, inflation, and geopolitical instability can drive people toward "store of value" assets like gold and Bitcoin. Your point about "fear-driven media" is interesting, as both media and governments can at times amplify fear, which increases demand for alternative assets. A Possible Future Depression Many analysts and economists highlight overheated markets and massive debt burdens as warning signs of a financial collapse. Economic cycle downturns are often marked by deflation, rising unemployment, and declining asset prices. The idea that the coming years could be challenging for the global economy is not without basis, particularly if debt burdens become unsustainable or if monetary policy tools are exhausted. Conclusion While the notion that governments might use crypto to "reclaim black money" or that crypto was even designed as a tool for wealth redistribution is difficult to substantiate, it is a theory commonly raised by crypto critics. What is clear, however, is that both governments and central banks are actively seeking ways to control capital flows and maximize tax revenue. All in all, it seems a challenging period lies ahead. We may witness the emergence of new forms of money, like CBDCs, and potentially significant shifts in the economic order.
BITSTAMP:BTCUSDShort
by EvertLenos
1
GOLD → Risks are rising and so is the price. News ahead! FX:XAUUSD updates ATH to 2790. This is probably not the limit, but the risks, like the price, are rising ahead of strong news and the US election race. Gold feels support for several reasons: stopping the rally in DXY (profit taking is possible), positive hints about the Chinese economy, escalating conflict in the Middle East. The dollar stops the rally and forms consolidation for the last few days, which is generally favorable for gold. The metal is updating the highs and in the current conditions trading is quite simple: we trade either a breakdown of resistance in order to continue the movement, or search for strong support zones, where we can trade price pullbacks. Today the Nonfarms from ADP, US GDP will be released. This is worth paying attention to. Weaker data can greatly increase volatility and provoke the continuation of metal growth. And vice versa. Resistance levels: 2789, 2800 Support levels: 2777, 2771, 2758 Gold is in a local correction. Emphasis on strong support zones with the purpose of rebound and continuation of growth. But, we need to watch the news, there may be shake-ups, but the general background for gold is expected to remain favorable. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
EURJPY → Buyer pressure is mounting. Pre-breakout consolidationFX:EURJPY is forming quite an interesting situation on the background of inaction of the Japanese Central Bank (weakening of JPY exchange rate) as well as strengthening of EUR. The currency pair has been in the realization phase for more than a week. Based on the general assumptions, we can assume that this is not the end and the growth may continue. An ascending triangle is being formed on H1 (pre-breakout consolidation) against the resistance at 166.065. Accordingly, this level is a trigger. Within the general technical and fundamental environment, we can conclude that the currency pair is preparing for the continuation of growth. If the bulls are able to overcome 166.06 and keep the defense above this zone, we should expect the continuation of the growth in the short and medium term. Resistance levels: 166.06, 166 Support levels: 165.68, 165.14, 164.95 The trend is bullish, buyers are actively defending the trend support. All market pressure is focused on the resistance. A break of the level may provoke a strong upward impulse Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURJPY ;) Regards R. Linda!
Long
by RLinda
4
Call the TransMedicsInteresting stock, the high growth that propelled it to a 600% plus gain is slowing down. Management claim it’s due to seasonal pressure, not sure if I can believe there’s a season for organ donors but now I know there is! We’ve since had a 50% haircut in the last month. It’s going to be a turbulent 2-3 months for this stock as they try to maintain growth whilst make use of their new aviation fleet. I’m not a fan of any company trying to use their own planes to deliver products or services, but organ donor is a unique business. From a technical standpoint we are sat at the weekly support and golden Fibonacci support ratio, along with a speed fan. If this is all lost we could tumble to $73 very quickly. It’s worth a trade here if you can keep a tight stop loss, if that fails, consider going long in the low 70s. Not financial advice of course, you do you.
NASDAQ:TMDXLong
by NoFOMO_
BANKNIFTY : Trading Levels and Plan for 31-10-2024 Intro: On the previous trading day, Bank Nifty experienced a range-bound movement with significant support and resistance levels being respected. For the upcoming session on 31-Oct-2024, we have identified key levels, with yellow marking the sideways trend, green indicating bullish movement, and red representing bearish tendencies. This plan includes strategies for each opening scenario. Trading Plan for 31-Oct-2024 Gap Up Opening (200+ points above) If Bank Nifty opens with a 200+ point gap up, it may quickly test the Last Resistance for Intraday near 52,160 . If the price can sustain above this level, a further move towards 52,633 is likely. However, if the index fails to hold above 52,160 , it may experience a retracement to the Opening Support/Resistance level at 51,707 . – Watch for signs of rejection at the 52,160 level, as this may prompt a reversal towards support levels. Flat Opening (within 50 points of the previous close) In the case of a flat opening, the immediate level to observe is 51,849 . Sustaining above this point could enable a bullish move towards 52,160 . Failure to maintain momentum above 51,849 may result in sideways movement around the Opening Support/Resistance at 51,707 or even lead to a test of the Best Buying Try Zone near 51,645 . – A move below 51,645 would likely signal weakness, potentially driving the index lower towards 51,526 . Gap Down Opening (200+ points below) A gap-down opening would bring Bank Nifty closer to the Best Buying Try Zone at 51,645 . A bounce from this area could lead the index back to 51,849 . However, if this level does not hold, watch for further decline towards the Buyers Support at Retracement at 51,008 . – Persistent weakness below 51,008 would indicate a bearish sentiment, with potential downside targets emerging. Risk Management Tips for Options Trading Define your risk tolerance and adjust your position size accordingly. Consider using protective strategies, such as stop-loss orders, especially around key resistance/support zones. Avoid over-leveraging, and monitor volatility closely to avoid sudden adverse moves. Summary and Conclusion Key levels for Bank Nifty on 31-Oct-2024 include 52,160 on the upside and 51,645 on the downside. Monitor these levels closely for directional cues. Employ disciplined risk management to navigate through the volatility, especially when trading options. Disclaimer: I am not a SEBI-registered analyst. This analysis is based on technical levels and reflects my personal view. Please perform your own analysis or consult a financial advisor before trading.
NSE:BANKNIFTYLong
by LiveTradingBox
NIFTY : Trading Levels and Plan for 31-Oct-2024 Intro: On the previous trading day, Nifty exhibited a mix of consolidation and upward momentum, with notable resistance zones tested near 24,594 . Key levels for 31-Oct-2024 have been identified, with trends marked as follows: yellow for sideways movement, green for bullish momentum, and red for bearish sentiment. This plan provides strategies for different opening scenarios. Trading Plan for 31-Oct-2024 Gap Up Opening (100+ points above) If Nifty opens 100+ points above the previous close, it may test the First Resistance/Consolidation Zone near 24,594 . If the index sustains above this level, we may see a push towards the Profit Booking Zone at 24,694 . However, if it struggles to hold above 24,594 , expect a retracement towards the Opening Support/Resistance level at 24,320 . – A reversal from the resistance levels could prompt a move back to the Support at Retracement at 24,163 . Flat Opening (within 50 points of the previous close) For a flat opening, the key level to watch is 24,349 . Sustaining above this point could lead to a breakout, targeting 24,594 and possibly extending towards the Profit Booking Zone at 24,694 . Conversely, if momentum fails above 24,349 , Nifty might move sideways around 24,320 or even test the lower support at 24,285 . – A downside break below 24,285 could increase bearish pressure, with potential support found at 24,163 . Gap Down Opening (100+ points below) In a gap-down scenario, initial support may be found near 24,285 . A rebound from this level could bring the price back toward 24,349 . If the index sustains above 24,349 , bullish momentum could retest the resistance at 24,594 . However, if 24,285 fails to hold, a decline towards Support at Retracement near 24,163 is likely. – Persistent weakness below 24,163 might drive further downside towards the Last Intraday Support at 24,040 . Risk Management Tips for Options Trading Manage your position sizes wisely, especially when volatility is high. Consider deploying trailing stops near major resistance/support levels to protect gains. Options spreads can limit risk exposure, which is particularly useful in a choppy market. Summary and Conclusion The primary focus for 31-Oct-2024 remains on the resistance at 24,594 and support at 24,163 . Traders should stay flexible with these levels and use disciplined stop-loss strategies to manage risks. Observing the price action after the opening will provide better insight into the day’s trend. Disclaimer: I am not a SEBI-registered analyst. This analysis is based on technical levels and reflects my personal view. Please perform your own analysis or consult a financial advisor before trading.
NSE:NIFTYLong
by LiveTradingBox
Gold (XAU/USD)Technical Analysis (4H TimeFrame)Trend The Chart Show a clear uptrend in Gold with a series of higher highs and higher lows Support Levels key support zone are marked on chart where the price previously found buying interest these levels help to identify where the price may bounce back if it pull back Resistance to Support Flip A fomer resistance level has been broken and is now acting as support which further strengthens the bullish sentiment Target the chart indcates a target level of 2800 suggesting that price to move upward to ward this level Gold price Trading around 2785 with a bullish outlook towards the market target
CAPITALCOM:GOLD
by fexpert095
1
IHSG / COMPOSITE 5 wave rally ? (ELIOT WAVE)First Opinion : IHSG maybe going to higher price to 8k to complete the 5 wave rally eliot wave (now on phase 4) the momentum indicator (stochastic) show the sign of bullish divergence. And if the price close higher on 31 oct 2024, there is a big chance IHSG making a bullish continue pattern (Penant). But we must wait for the validity confirmation on Swing Low on 31 october 2024 (closing price), and the pattern penant must break the trendline (top) for validity. Second Opinion : Or IHSG will continue down to key area strong support and rejection at 7350-7400 before rebound to continue the higher price. Still 5 wave rally (eliot wave) in play (because i think IHSG now on phase 4 eliot wave) DISCLAIMER ON
IDX:COMPOSITE
by Aris_Sunandar93
FTSE China A50 Index: Navigating a Potential Major Rebound!At Vital Direction, we’ve conducted an in-depth analysis of the FTSE China A50 Index, focusing on its long-term trend and potential turning points. Since its all-time high back in October 2007, the index has experienced a complex and extended correction, which we interpret as an ongoing ABC corrective pattern within Elliott Wave Theory. Analysis of the FTSE China A50’s Correction Pattern The correction that began after the October 2007 peak appears to have taken the form of an ABC sequence, with each phase representing a significant shift in the market’s trajectory. Wave A, marking the first leg of this downturn, concluded in October 2008, reaching a notable low. Since then, we believe the index has been within a prolonged wave B, which has exhibited its own internal complexities. This B wave consolidation appears to be a second-degree ABC formation. Within this structure, we identify wave B as part of a WXY pattern, where the X wave unfolds as an ABC formation, and the B wave forms a contracting triangle (ABCDE). This intricate correction phase seems to have concluded around January of 2024. Potential for a Major Rebound and Future Outlook Following the completion of wave B, our analysis suggests that the FTSE China A50 Index is poised for a significant rebound. We anticipate that the index could retest or even break above the 2007 peak, forming a double top or establishing new highs. This potential rally, however, may be temporary, as we foresee a final leg down, wave C, completing the ABC correction. This could bring the index back toward the 2008 wave A lows, around the $5,700 level. Stay tuned for further updates from Vital Direction as we continue to monitor and refine our projections for the FTSE China A50 Index. As always, we aim to provide clear, actionable insights grounded in rigorous technical analysis. For full details, check out the links below in our signature.
FX:CHN50
by VitalDirection