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Wave Analysis

USDJPY Wave Analysis – 23 April 2025 - USDJPY reversed from the support area - Likely to rise to the resistance level 144.65 USDJPY currency pair recently reversed up from the support area between the long-term support level 140.00 (former multi-month low from September) and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous sharp downward impulse wave 3 of the higher impulse wave (3) from February. Given the strength of the support level 140.00 and the strongly bearish yen sentiment seen today, USDJPY currency pair can be expected to rise toward the next resistance level 144.65 (former support from the start of April).
Long
by FxProGlobal
Crash? Here's the case for a crash. You may have noted I can, on occasion, be a bit of a bearish guy - but I don't actually use the word "Crash" all that much. Not all bear setups are crash setups. Even when they will be, a less dramatic bear move usually happens before a crash. The times when there's actual crash risk are low - but we have a confluence of them now. Let's run through some crash signals. 1 - Pending 1.61 break. In any self respecting crash (anyone you know by a number for sure) the crash clearly picks up on a 1.61 break. If we drop again, we threatening that break. www.tradingview.coem Examples: All the good ones, and other ones. Go look. You'll find over and over a downtrend transitions to a crash under the 1.61. The 1.61 either does not break- or we crash. We currently have a bounce off the 1.27, retest of the previous structure and possible new sell off coming - these are things that can precede a 1.61 break. Looking at local structure, this looks like a butterfly correction. Which is often found at or before the MIDDLE of a trend (crash). Or an ABC. Which would predict a drop stronger and bigger than the first (crash). Then you have things like the 200 SMA bounce, those can get sketchy if there's a new low. ...Crash. And we have the reason. Because although the technical norms I've explained here have been features in every notable crash ever, there was always a reason. Always something that would not be foreseeable with TA and would make the crash appear to be unpredictable. The things that just seem too weird to be true unless take time to look into them. Like Covid being a perfect 1.61 top. Which started similarly to what we have here. The Covid crash would start once the 1.27 broke- which is where we are now. Conditions for a crash now are actually realistic. Generally speaking a crash is something that it's only valid to speak of potentially in the future in the event of multiple markers hitting. Lots of things have to happen before we have real honest and true crash conditions. Unusual things. Like trending down consistently for a couple months. Having insanely aggressive bounces off support but not really getting anywhere. Containing a correction inside a 2 leg structure. ...Breaking a 1.61. See where I'm going with this? It might happen. If the low is not made, we enter into real crash territory on the next break.
SP:SPXShort
by holeyprofit
11
Nvidia - The Chart Just Told Us So!Nvidia ( NASDAQ:NVDA ) might just still head a little lower: Click chart above to see the detailed analysis👆🏻 After Nvidia perfectly retested the previous rising channel resistance just a couple of months ago, it was quite expected that we'll see a retracement. The overall trend however still remains bullish and if Nvidia drops a little more, the overall bullrun continuation rally might just follow. Levels to watch: $80 Keep your long term vision, Philip (BasicTrading)
NASDAQ:NVDALong
by basictradingtv
19
LISTA Looks Bullish (1D)It appears that wave C of a complex correction has completed. The price has reclaimed key levels and consolidated above them. Also, if you look closely at the chart, you can spot a bullish Quasimodo (QM) pattern forming. The price is expected to move from the green zones toward the red zones. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Long
by behdark
XAUUSD Gold Possible Move 23.04.2025Gold (XAUUSD) Technical Analysis – April 23, 2025 The market is currently showing bearish momentum following a retracement from the recent highs near the 3,500 mark. Price is now approaching key Fibonacci levels, presenting potential shorting opportunities for intraday and swing traders. Key Levels to Watch: 📉 Short Opportunity 1: Zone: 3400-3410 USD (Fibonacci 0.5 to 0.618) Analysis: This is a premium supply zone and a retracement area aligning with the Fibonacci golden pocket. If the price revisits this region and shows bearish confirmation (e.g., bearish engulfing, rejections, or lower timeframe structure break), it's a high-probability short entry zone. Signal: Look for price rejection patterns in this zone to initiate a short position. Stop-Loss: 3,430 Target: 3,292 initially, then lower if structure breaks 📉 Short Opportunity 2 (Breakout Trade): Zone: 3,292 – 3,300 USD (Major Support) Analysis: This is a major support zone. A clean break below and successful retest from underneath would signal continuation to the downside. Signal: Wait for a break and retest below 3,292 for confirmation before entering short. Stop-Loss: Above 3,300 on retest Target: 3,240 and potentially 3,215 – 3,220 zone Overall Bias: Bearish below 3,396. Price action confirms lower highs and lower lows. Structure supports selling rallies or breakdowns.
OANDA:XAUUSDShort
by QuinnReed_Charts
MUBARAK Roadmap (4H)The MUBARAK correction seems to have started from the point where I placed the red arrow on the chart. The pattern could be a symmetrical, diametric, or expanding triangle. A strong demand zone lies ahead of the price, where we can look for buy/long positions. Targets are marked on the chart. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark