Wave Analysis
Inauguration Day! Beware of cowboy swings. Trade responsibly Inauguration Day brings a mix of excitement and uncertainty to the markets, so if you're trading today, be extra cautious. Expect some wild price swings—those "cowboy swings"—as investors react to the political shifts and news. It's easy to get swept up in the action, but remember, it's always best to keep your cool.
While the day might bring opportunities, it also has its risks. Make sure you're staying level-headed, sticking to your strategy, and trading responsibly. And, as always, if things feel too chaotic, there's no shame in sitting this one out. Safe trading!
Uptrend or Reversal? Unpacking a Case for NAS100! The NAS100 has been trending bullish recently, but when we zoom out to a higher timeframe, there’s a case to be made for a potential bearish opportunity. In the video, we explore the trend, price action, and market structure, analyzing how it’s approaching a key resistance level. We also discuss a possible trade setup if the conditions align. This is not financial advice.
GBP/JPY Short, NZD/JPY Long, USD/CAD Short and CHF/JPY ShortGBP/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/JPY Long
Minimum entry requirements:
• 1H impulse up above area of interest.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Short
Minimum entry requirements:
• If tight 15 min continuation forms, 5 min risk entry within it, or reduced risk entry on the break of it.
CHF/JPY Short
Minimum entry requirements:
• Corrective tap into area of value 1.
• 4H risk entry.
Minimum entry requirements:
• Tap into area of value 2.
• 1H impulse down below area of value 2.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Market Update | Rug PullThis video is a update of how the overall market is looking and a concept on how I see price action
Top coins covered:
GALA
BTC
AVAX
ALU
XRP
FET
I'm basically looking to see one more pump based on fractal patterns if markets are looking to Rug. I'm also looking at RUS2000 in comparison to SPX to detect any bearish signs ahead.
Weekly Forex Trade Planning SessionAnalysed Pairs: CAD/JPY, GBP/USD, USD/JPY, USD/CAD, EUR/CAD
Market Overview:
USD & JPY: Bullish
CAD: Mixed
EUR & GBP: Weak
Price Analysis:
CAD/JPY:
Trend: Downtrend
Current Position: At Momentum Low
Outlook: Expecting a bullish pullback in the next phase.
GBP/USD:
Trend: Downtrend
Current Position: Trading at Momentum Low 5
Outlook: Potential for bearish continuation. Watch for a bullish reversal above 1.2186. A break below 1.2160 could signal further downside.
USD/CAD:
Trend: Strong Uptrend
Current Position: After a trend reset breaking the momentum high
Outlook: Avoid buying at the high; wait for a pullback to go long. Alternatively, look for short opportunities if the price breaks below the reset point.
USD/JPY:
Trend: Correction in Downtrend
Current Position: Observing Wave Structure 3
Outlook: Potential for a bullish secondary trend. Using Fibonacci levels, the price has paused at the 61.8% T2 target. If the high of Wave 3 isn't broken, the downtrend may resume.
EUR/CAD:
Trend: Trend-changing pattern after last pullback
Outlook: Look to sell on a break below 1.4860, with targets at 1.4825 and 1.4810.
Happy Trading!
BRIEFING Week #3 : Peak Stupidity ?Here's your weekly update ! Brought to you each weekend with years of track-record history..
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Kindly,
Phil
BITCOIN - MEGA BUBBLE ALERT - The Top Is Very Close Now...Bitcoin and many other markets seem to be approaching the end of a significant cycle, signaling the conclusion of what may be the largest bubble in modern history.
In this video, I share my latest analysis using the AriasWave methodology to explain why I believe this trend, which began in 2008, is finally nearing its completion.
While it’s speculative, I estimate that we could be approaching the final peak by March. The increasingly weaker and more complex structure of this move suggests to me that it’s a fragile impulsive wave, indicating an impending reversal.
Just a quick reminder: AriasWave is not the same as Elliott Wave. I developed AriasWave over an 8-year period with the goal of achieving a more accurate understanding of wave analysis, leveraging modern technology to refine the process.
If you would like to learn more, visit the website.
BTC Bitcoin HTF Bullish Structure & Potential Trade Setup👀 👉 A detailed analysis of Bitcoin (BTC) on the weekly and daily charts highlights a bullish market structure. Further upside potential is anticipated, provided a retracement occurs as outlined in the video. In this session, we examine the trend, price action, market structure, and a possible trade opportunity. ⚠️ This video is for educational purposes only and is not intended as financial advice.
GBPUSD HTF Bearish Structure & Possible Trade Opportunity 👀 👉 Analyzing the GBPUSD weekly chart reveals a bearish market structure, with a clear lower high and lower low signaling a downtrend. I expect further downside potential following a pullback. In this video, we explore the trend, price action, market structure, and a possible trade setup. ⚠️ This video is for educational purposes only and should not be considered financial advice.
Tesla - A Bright Future For Elon!Tesla ( NASDAQ:TSLA ) is creating a textbook break and retest:
Click chart above to see the detailed analysis👆🏻
Over the past couple of months we saw a rally of more than +100% on Tesla, perfectly following the bullish triangle breakout. Therefore it is quite anticipated that we will see a rejection at the previous all time high and a retest of the next support, creating a bullish break and retest.
Levels to watch: $400, $300
Keep your long term vision,
Philip (BasicTrading)
BTC (Bitcoin) - Moving to 128k or 143k?Throughout most of 2024, we saw a series of lower highs and lower lows , signaling a downtrend that began after the market peaked in March 2024. This pattern reflected a period of declining confidence and cautious trading. Now, as we enter late 2024 through today, a similar pattern has emerged!
To build confidence in further upside, we need to see a break in structure —essentially, a shift where the market establishes higher highs and higher lows . This would signal a potential trend reversal and indicate that buyers are beginning to take control. It’s important to note, though, that even with a break in structure, this is not a guarantee of sustained upside but rather a signal that conditions are improving.
The Wave 4 Context and Fibonacci Levels
From an Elliott Wave perspective, I believe we are currently in Wave 4 of an impulsive move. So far, the market has found support near the 23.6% Fibonacci retracement level, a level often associated with shallow pullbacks in bullish trends. This support suggests underlying bullish tendencies remain intact.
However, a pullback to the 38.2% retracement level would be a more ideal setup for establishing a stronger base. If this deeper retracement materializes, it could provide a healthier springboard for the next move higher.
Key Price Levels to Watch
If we have indeed bottomed, the next potential move could target $143,000, representing an ambitious upside projection. However, a more conservative and likely target lies at $128,000, which corresponds to the -23.6% Fibonacci extension level. This level would align with a measured and steady continuation of the bullish trend.
Mastering XAUUSD Gold Trading: A Trading Plan For Success!🌟 In this video, I share my detailed trading plan and emphasize why a well-structured strategy is 🔑 to success. Learn how to trade Gold 🪙 using a trend continuation approach while leveraging TradingView's powerful tools and features to gain a real edge in the markets. 🖥️✨
Here’s what we’ll cover:
📊 Trend Analysis: A top-down review of market direction to identify opportunities.
📈 Market Structure & Price Action: Key insights into how price moves and behaves.
🎯 Trade Planning: Using higher timeframe support and resistance levels to set stop loss and target points.
🛠️ TradingView Features: Practical tools to refine your analysis and boost efficiency.
This video is an in-depth guide to trading effectively with a proven strategy, enhanced by TradingView's unique capabilities. 🚀 Please remember, this is not financial advice. 📜
EUR/USD Long, GBP/USD Short and NZD/CAD ShortEUR/USD Long
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
GBP/USD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/CAD Short
Minimum entry requirements:
• If 2 touch 1H continuation forms, 15 min risk entry within it.