Wave Analysis
S&P 500 Short: Potential Ultimate Peak on 23rd May 2024Previous analysis on 20th March 2024 (linked) would have worked but with more downside than expected (~50 points).
Currently, we have a potential ultimate peak in S&P500 on 23rd May 2024.
Take note that this idea will be invalidated with a new high and that could mean much higher prices for S&P. However, as traders, we are concerned with risk-reward and not with being right.
Good Luck!
GBP/USD - Continuation TradeWe have a completed Up-Trend wave structure in the Cable.
Yesterday we saw a pullback below Structure 4 which is a reset structure.
The price has stalled at the DH3 which was a Buy point for the last rally that took place yesterday.
This is a high-probability setup.
BUY Point 1.2754
STOP Loss: 1.2744
PROFIT Target: 1.2816
USD/CHF Long, SUGAR/USD Short, EUR/AUD Short and GBP/AUD LongUSD/CHF Long
Minimum entry requirements:
• 1H impulse up above area of value.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/AUD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/AUD Long
Minimum entry requirements:
• 1H impulse up above area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/USD Long, SUGAR/USD Short and EUR/USD LongAUD/USD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of interest.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/USD Long
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
Daily market analysis tomorrow 28th MayDaily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade using price action and other chart techniques.
Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. We are doing this only to understand how to read derivative data and perform technical analysis. Strictly for educational purposes only.
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BRIEFING Week #21: Market Breadth & DominanceHere's your weekly update ! Brought to you each weekend with years of track-record history..
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USD/CAD Trend reset - Buy ContinuationMomentum preceeds prices!
The USDCAD has had a trend reset (Secondary Trend), which is key to the Up-trend continuation.
The structural point for trend reversal is 1.3656, we want to see a second breakdown below the structure without breaking below 1.3624. A trade back above 1.3656 will be the first buy, confirmation will be a trade above 1.3671.
In terms of Target, we will use the Fibonacci retracement from the low to the high of 3.
Target 1: 1.3780
Target 2: 1.3838
Initial Stop Loss: 1.3624
BTC is losing bullish momentum but again in a complex scenarioBTC is losing bullish momentum but again in a complex scenario
After BTC reached 72K which corresponds to a strong zone we can see the price moving down.
SO far BTC is showing a decrease in the bullish momentum thus raising the chances for another bearish wave as explained in the charts.
However today BTC seems to be more complex than before...
📺You may watch the video for further details📺
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
GOLD: Time to test 2300 ❓❓❓GOLD: Time to test 2300 ❓❓❓
After the price tested the top of the structure we saw a daily pinbar candle created near to the top.
It was very risky but that single candle gave the confirmation for a bearish wave.
📺You may watch the video for further details📺
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
GOLD XAUUSD NEXT WEEK May 27-31.Here is the market outlook on Gold (XAUUSD) for next week from 27th of May to 31st of May. It is the clear projection of what is mostly likely to happen on gold in the coming week.
ANALYSIS:
In monthly timeframe there is clear rejection formed from almost the same level of the previous monthly candlestick. This is the clear indicator of presence of sellers at this level. Still there are five days for monthly candlestick to close therefore there maybe more ejection until the end of the month.
In weekly timeframe there is a clear three wave swing to the upside as described in previous analysis. This week has managed to close with a formation that has engulfed the previous week analysis. In addition there is clear divergence formed in this timeframe. All these are indicators of a possible sell in the coming week.
In daily timeframe there is a Lear bearish momentum due to clear bearish trend created. There is a clear five wave move to the downside with fourth and fifth waves underway. Price trading below 2400 is a bearish side of gold in this timeframe.
In four hour timeframe there is a clear five wave move down. A sideway movement is expected on opening of the market. This will be in formation of the forth wave of the five wave move down.
PRIMARY PROJECTION:
Watch for sells when price move sideway nearly 2355 with targets at 2300.
SECONDARY PROJECTION:
Buy when price confirms at 2300 level with targets around 2375.
SOYBN/USD Short and SUGAR/USD ShortSOYBN/USD Short
Minimum entry requirements:
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
SUGAR/USD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
FOREX WEEKLY FORECAST By FOREX HIGHTWelcome to the latest edition of Forex Hight Weekly Forecast ! In this video, we provide an in-depth analysis of the forex market, focusing on the upcoming week's potential high points. Our expert team breaks down key currency pairs and economic indicators to help you navigate the forex market with confidence. Whether you're an experienced trader or just getting started, our insights and predictions are designed to give you a competitive edge. Make sure to like, comment, and flow for more weekly forecasts and trading tips!
**In this video, we cover:**
- Predictions for major currency pairs
- Detailed technical analysis
- Effective risk management strategies
**Disclaimer:**
The information provided in this video is for educational purposes only and should not be considered financial advice. Trading forex involves significant risk and may not be suitable for all investors. Always do your own research and consult with a licensed financial advisor before making any investment decisions.
BTC - Weekly Chart - Forecast VideoThere is some uncertainty on BTC, we could go either way here, however, I'd like to try shorts up here, as are in a premium market.
I would have like to have seen the recent highs broken and then back down lower.
I'm unable to add attachment links so can't show my cyclical analysis, if someone knows how please let me know and il add it.