BABA UP TO GO!BABA Daily Elliott Wave Count showing 1-2/1-2 formation, which should push significantly higher from this level. However, a touch of $82.64 would invalidate our current bullish scenario.
Wave Analysis
HMSTR Are the hamsters ready to start?⚡️This shape can act as a large double bottom with a flat top.Buy in installments as the price decreases, for example, in increments of 15%-30%
$DOGE has gone deepCRYPTOCAP:DOGE is experiencing a major correction and as a fairly large coin with a large following, it has brought a lot of stress with it.
For now the correction has gone well, slightly deeper than I initially thought. But when I look at the repeat of 2020/21, it matches just fine.
This would mean that we can expect a good run with CRYPTOCAP:DOGE and that there is still a lot of potential here.
It is currently well below its trend and we first have to see whether it can catch up more than the other currencies.
I have a lot of hope for CRYPTOCAP:DOGE and hope that it won't break my confidence and that we can make good progress. But for now we'll keep an eye on it and we have to get back into the trend.
Be kind to the world and each other!
Thyssen Krupp possible wave 4 in processIf the next low is higher than wave 1 or A, it means we have a probable wave 4 in process. Let's see if there is a reaccumulation.
Even if this hypothesis fails, the stock is still cheap.
The company is not making money, but why should we care about it? LOL. I like the stock.
Germany is in the edge of a possible recession, so the economic cycle is not helping here.
So, not many positive things, but that's why it's cheap now. If there wasn't any recession fears and the company would be making a lot of money, we wouldn't see these prices.
updateI'm sorry, wave counting is a very difficult task and technical analysis is generally associated with mistakes.
The detection of wave 4 was wrong. We were at the end of wave 2. We are forming wave 3. Moving to the yellow box.
We are at the beginning of wave 5. Movement up to 10 dollars is available.
$BTC recoveringMARKETSCOM:BITCOIN has recovered nicely. For now I think it is especially important that we really break the upcoming suply zone and retest it at the latest. In that case we are back in the trend and we have completely completed our correction.
For now it looks good, but I remain slightly skeptical. Especially with a possible government shutdown. Although I just read the latest news that this will not happen.
Hopefully this will bring some more certainty back to the market and that we will have a nice Christmas run in return.
For now the supply has to become a demand sin and we are back on the right side.
Be kind to the world and each other!
Gold (XAUUSD) Potential Rebound from Support - Buy SetupAnalysis:
Support Zone:
Price is currently testing the lower support trendline of the ascending channel (around 2,636 USD).
This level has acted as strong support previously, making it a potential rebound point.
Moving Averages (EMA 50 and EMA 200):
Price is below both the 50 EMA (orange) and the 200 EMA (green), suggesting a short-term bearish trend.
However, a bounce from support could push price back to test these levels as resistance.
RSI Indicator:
The 7-period RSI is at 29.52, indicating oversold conditions.
This suggests a possible reversal or price rebound in the near term.
Trade Setup:
Entry (Buy):
Enter near 2,636 - 2,640 USD if price shows a bullish reaction (e.g., bullish candle or reversal signal).
Take Profit Targets:
TP1: 2,665 USD (near 50 EMA).
TP2: 2,678 - 2,680 USD (near 200 EMA).
TP3: 2,733 USD (upper channel resistance).
Stop Loss:
Place a stop loss below the ascending channel support at 2,615 USD to limit risk.
📊 "Trade what you see, not what you think!"
Good luck, and manage your risk wisely! 🚀 OANDA:XAUUSD
ETH roadmap! ETH is in its re-accumulation phase in which it will go deeper one more time before heading towards 7.000$.
Patience is key! The time will come!
updateI'm sorry, wave counting is a very difficult task and technical analysis is generally associated with mistakes.
The detection of wave 4 was wrong. We were at the end of wave 2. We are forming wave 3. Moving to the yellow box.
Bitcoin: Double Zigzag and a Potential Bullish Breakout?Currently, I am marking Bitcoin’s movement as a correction in the form of a double Zigzag (WXY). However, Bitcoin often exhibits the ability to extend waves without altering the broader structure...and we can fall further down.
The bullish scenario will take precedence if the price breaks above Wave X at 102,740. That is, of course, unless the market transitions into a larger triangle pattern, which could extend the corrective phase for a while longer.
VELO While the market is currently experiencing a correction, I believe Velo will reach the 4 cent mark and potentially go even higher. However, my end goal for Velo, and generally for my entire portfolio, is to sell and rotate into existing assets if Velo hits above 15 cents while other assets remain stagnant.
I have a rule that I usually adhere to: my 100% is typically 80%, with the remaining 20% reserved for unexpected gains beyond my expectations.
Regarding the broader market cycle, I have concerns that this cycle might mirror 2017. Back then, BTC reached an all-time high (ATH) and shortly after, in December 2017, altcoins surged dramatically through January 2018.
I feel this way for two reasons:
BTC is at an ATH similar to 2017.
Trump has stated his objective to have a BTC reserve of 1 million. Do you think they will buy the majority of the 1 million at the current price, or will they tank the market, which is already at a peak in many sectors?
EUR /USD 4hr bearish wave FX:EURUSD 4-hour chart suggests that we are currently in a bearish wave pattern, which is expected to persist into early next week. The progression is as follows:
• The first wave has already started and is targeting the 1.04678 range (2nd wave).
• A deeper decline is anticipated for the 3rd wave, reaching around 1.03123.
• A corrective bounce may occur in the 4th wave, retracing to approximately 1.04168.
• The final bearish push, the 5th wave, is projected to reach around 1.02164.
This wave structure aligns with continued downside momentum, with corrective pullbacks likely along the way.
Setup in StellantisSTLAP in reversal zone.
If market is bullish on Monday, we could expect it to reach at least €14,80.
update I'm sorry, wave counting is a very difficult task and technical analysis is generally associated with mistakes.
The idea of wave 4 was wrong on my part. We had a big correction in wave 2. The good news is that in wave 3, the minimum target is 0.031.
I will update at the end of wave 1 of the big 3.
DAX // The last one of 2024Dear Traders,
This is the last one this year.
I want to have a break and detach from the charts for some time now.
This is the time of love, family&friends.
But this chart actually shows the market phases I define quite well!😀
Thanks for you support in the past couple of weeks, since I became actve here!
@TradingView asks us wishes recently... My wish for you is:
patience
discipline
balance
focus &
confidence
And vast amount of pips in the piggy bank!💰
Merry Christmas, Happy Holidays!🎄
Peter from The Market Flow 🏄🏼♂️
P.S. you may want to check out some of my ideas to get familiar with the terminology I use.
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present. 🏄🏼♂️
Your comments and support are appreciated! 👊🏼
Gold is going to start skyrocketing. Target 3080+After two months of adjustment. Gold is going to start skyrocketing. Target 3080+
Square (SQ) Setup is Ready for its Christmas Rally [LONG]Google the Inverse head and shoulder pattern. It seem's clearly visible in SQ. Additionally, there seems to be a cup and handle pattern.
This tea cup is looking primed for a Santa rally. The volume looks sound. Fundamentally, they are doing fine, the company has worked hard and made a notable name for themselves. The RSI is healthy just not oversold on the daily but in the shorter term looks oversold. I see no reason to not participate.
Gooooo NYSE:SQ
2060 last bottom? As you can see we seem in last words before go uptrend start when we hit and breakout Top2 and stay above it to hit all targets above inshallah!
XRP LONG TO ATHs! Ripple XRPUSD RLUSD XRP is Bullish to $4 at the very minimum. We successfully completed our retrace down to $1.95 to the dot. Expecting that to be our final support area and to start seeing consolidation, and upwards momentum. Media hype hasn't started yet, BTC is losing market dominance similar to 2017 2018. We are on the verge of another Diamond Hands bull run. Make sure to take some profits when emotions are hitting super dopamine levels of euphoria. The final pump happens fast and retraces even faster. The volatility will be insane.
Well keep tabs on this as the weeks go by. Good luck you beauties!
#APT 1D COMING SOON!The $8 area is an ideal zone for a buyback; consider my idea of a 40% decline from this point.
