Forex Trade Planning: USD Dominance and Potential CorrectionToday's trade planning session highlighted the USD as the strongest currency on the daily Currency Strength Index (CSI), while the EUR emerged as the weakest.
General CSI Overview:
Buy pairs: USD, CHF, GBP, JPY, AUD
Sell pairs: CAD, NZD, EUR
In our H1 timeframe market analysis, we anticipate a deeper correction in existing trends. The wave structure for major pairs versus the USD has reached momentum high and momentum low 5. From this level, a correction of the trend is expected.
It is important to note that significant effort and time are required for a trend reversal. Nevertheless, there has been a notable decline, breaking key structures in USDJPY, which could indicate a more substantial downturn for the USD and potentially lead to a larger secondary trend.
Trade carefully and happy trading!
Wave Analysis
MOASS: WC: 26.59 Target: 1800-2400 MOASS: 47k-100KTLDR:
-Technical Analysis works
-Trading on hoping and holding will most likely cause you to lose a lot of money
-Reddit/Social Media and the whole "TA doesnt work on GME" is a problem for the GME community and most of the of people who think like that are not going to make near what they could if they actually understood TA
-Nothing special about the 28 level other than it coincides with the VWAP off the April runup
-MOASS has been ongoing since 2020 and never stopped
-WE CARE AND WANT YOU TO BE SUCCESSFUL
-THE GME STORY AND COMMUNITY IS SPECIAL
VRAUSDT - Price Action Update With Long Trade Idea...In this video, I explore how I believe Bitcoin’s corrective pattern has played a significant role in shaping the current pattern we’re seeing here.
It wasn’t straightforward to identify at first, but once I gained a clearer understanding of Bitcoin’s pattern, it helped me form some specific assumptions about how these moves might unfold going forward.
While not every crypto will skyrocket alongside Bitcoin, some may align with its movements at certain moments.
Current Pattern: Wave D Zig-Zag
Support\Stop Level: 0.002316
Target: 0.016129
This is not financial advice.
XRPUSD - Another Bear Market Rally According To This...This pattern closely resembles the XLM count and can also be seen as an alternative count for XLM.
Here, I'll explain the reasoning behind my belief that XRP is unlikely to surpass its all-time highs in this current move.
Any analysis predicting otherwise is likely driven by either optimism or Elliott Wave theories. As with all good things, significant progress requires patience.
This perspective should reassure you that there’s potentially more time to accumulate before the real surge happens.
Just because Bitcoin is on the rise doesn’t guarantee that every other crypto will follow suit. So far, XRP and XLM have clearly shown that they do not always align with Bitcoin's movements.
This is not financial advice.
XLMUSD - Ongoing Correction Before Lumens Move Lower...In this video, I revisit the XLM analysis to share my latest insights on its current pattern as we brace for a potential global market crash in the coming months.
I anticipate a sideways correction in XLM over the next few weeks, setting up for a deeper move lower as part of the larger Wave A zig-zag pattern.
No opportunities have been missed in this crypto, as it likely hasn't performed the way many expected.
Despite the recent surge in Bitcoin, some are becoming overly bullish too soon. According to AriasWave analysis, Bitcoin is nearing its final move before a significant downturn.
I'll be tracking these developments closely to pinpoint those moments as they unfold.
This is not financial advice.
XAO - AU10YR - Australian Stock Market - 10 YR Bond YieldsStarting with this video, I'll begin incorporating insights from AriasWave into each new release.
Here, I dive deep into what I believe to be the true pattern of the Australian Stock Market and discuss what might unfold next.
I also analyze 10-year bond yields, presenting a case for significantly higher rates—potentially reaching at least 16%. This isn't just about making bold predictions; I break down the reasoning behind these conclusions using detailed wave analysis.
Apple - A Correction Is Actually Inevitable!Apple ( NASDAQ:AAPL ) is preparing for a minor cycle correction:
Click chart above to see the detailed analysis👆🏻
After creating five consecutive bullish breaks and retests of the previous all time high, it seems like Apple is one of these stocks which is perfectly following technical analysis. Considering that and the current rising channel pattern, it is quite likely that we will now see a short term correction.
Levels to watch: $190, $240
Keep your long term vision,
Philip (BasicTrading)
IS TESLA ABOUT TO HAVE A MASSIVE RALLY? (November 13, 2024)An in-depth video featuring the Fibonacci retracement tool & the wavetrend indicator looking at the possibility of can Tesla rally 200% from our 306 level...
Surprisingly, we have lots of data over the past 12 years which shows that 66% of the time, this tends to be the case
Watch the video to figure out how this rally could play out!!!
USDJPY Heading for the 5th Wave Up!USDJPY Heading for the 5th Wave Up! Targets for Possible Reversals and Profit-Taking Zones
From July 11, 2024, USDJPY began a bearish movement that concluded on September 16, 2024, near 139.57.
The price is clearly showing the development of a 5-wave pattern, and it looks like the price is about to begin the bullish wave for the 5th wave up.
You may watch the video analysis for further details!
Thank you:)
Sui (SUI): Reached Major Resistance in Bullish Trend!Sui coin has a huge possibility of downward movement happening very soon where price is at an important resistance zone (yet already seeing some weakness points). CME is sitting nicely there waiting to be filled, so eyes all out here, traders!
More in-depth info is in the video—enjoy!
Swallow Team
NVDA short: Nearing peakFirstly, apologies for the audio. I am using a new setup and it seems like somehow the microphone suddenly goes lower volume.
In this video, I discussed about the wave structure that forms in NVDA for the last wave and it seems to me that it is going to be a weak sub-wave 5 because sub-wave 4 retraces to the top of sub-wave 1. My preferred target is $150.03, but my bias expects undershooting of the target.
Good luck!
Bitcoin 100 to 120kIts been awhile since my last video, but I couldn't help but post since its all time highs.
Just looking at this wave taken from the low in August, I am targeting 100-120k
Right now I think we are in a sub 3 wave and don't expect under 80k. It has been moving fast since November 4th and don't expect a long time holding in this sub wave 4 correction.
Possible a larger degree wave 3 ~94-100k that is a needed correction to break through 100k.
Want it to hold the 73-75k at this point. Will try to do an update on what I'm expecting for a correction after this move progresses further.
Let me know if you want to see other coins or have any questions. I'm trading ETH, ADA , DOGE atm
Netflix - This Is A 100% Probability Setup!Netflix ( NASDAQ:NFLX ) will continue its parabolic rally:
Click chart above to see the detailed analysis👆🏻
With this monthly candle, Netflix finally broke above the previous all time high and it about to continue the reversal triangle pattern cycle. We saw the same breakout back in 2013, when Netflix broke above the all time high and then started an even stronger rally of about +50%.
Levels to watch: $750, $1.000
Keep your long term vision,
Philip (BasicTrading)
Gold soybean oil Monday Friday I posted that the goal was likely to go lower because the market Gap lower and even though the market went higher from its low it couldn't close the gap and that tells me that the markets likely to go to new lows even though it might temporarily shows some buying Behavior. that's what it did and it went even a few $1000 lower since the close of Friday and it still might go lower since there's no evidence of buyers even though the market is at a support resistance line. I think the unrealized drawdown from the high is 20,000 or so dollars and that does not make this Market bearish and if it goes lower as I suspect it will go lower.the market is Trading with significant volatility and expansion and that means the market is going to have bigger moves when it moves higher and bigger moves when it moves lower compared to markets that have very little volatility and very small range. I did not address this in the video because the video was on the laborious side.... sorry about that. it satis support resistance line, it has not closed an important Gap lower.... so it could go higher or lower but I think it's probably going to go lower. and a good portion of that analysis is that gold has been so bullish for a significant. Of time..... I think the sellers are ultimately going to push this a little bit lower and this can be very profitable for the smart money because the market is going to take out some of the late buyers who like to trade all-time highs which is a very difficult way to make money because this pattern suggests that a lot of people who were break out buyers are in trouble with their long trades because they got in to late. now if you have a lot of money and you think the markets going to find buyers and make new highs... maybe you can hold out and maintain your long position but if you got into this Market on the Breakout move higher and you're down $25,000 per contract because you were just too late.... it just think how you're going to feel if it goes down another $25,000 before it starts turning and going higher
MOASS: WC: 24.88 Target: 1800-2400 MOASS: 47k-100KTLDR
-Margin Call
-VWAPS used to control risk
-VWAP Bands measure standard deviations from the VWAP
-Pushing thru the bands takes volume and momentum
-Fibs are targets
-Fib pairs act as support and resistance
-Smaller MOASS box and corresponding fib extensions show really good targets that traders can use to protect their investment
-Sentiment drives price and we don't care about fundamentals
Note: WC in title = weekly close.
EURUSD: Intraday Trend Reversal PatternFollowing the low established on Wednesday, 6th November 2024, we have observed a completed bullish wave structure. Subsequently, the price traded the low at 1.0682, forming a bearish completed wave pattern. Based on this price information, a bullish phase is anticipated in the next movement.
We are entering a buy position, anticipating increased buying momentum at 1.0682, which could propel the price past the nearest internal momentum high of 1.0727. If this trade materializes, 1.0824 will serve as our momentum high target.
Stop Loss: 1.0676
Happy Trading!
BRIEFING Week #45 : What a FireworkHere's your weekly update ! Brought to you each weekend with years of track-record history..
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Kindly,
Phil