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Wave Analysis

KEY LEVELS ON SP500💡 Today we analyze the key levels of the S&P 500 for the coming weeks. This week, we do not expect significant pullbacks in the S&P 500, and the price could even rise without approaching the first level. However, we are prepared to make gradual purchases at the beginning of next week. Here are the levels to consider: 1. 5600 points: A likely zone, especially if the Democrats win, adjusting policy expectations. 2. 5280 points: Less likely, but useful to mark in case of an unexpected trend change. 3. 4800 points: A long-term zone in the event of a significant pullback. This analysis is not an investment recommendation. In conclusion, it is most likely that the market will not reach these levels if Trump wins, and everything points to that being the case. However, we have marked them just in case.
VANTAGE:SP500
by AnalisisDeBolsaDiario
CANNABIS BASKET * TC FIB WEEKLY ANALYSIS1. Long-Term Downward Channel : The price has been contained within a long-term descending channel, and it remains below the upper boundary of this primary channel. The fact that the price has stayed within this structure suggests that the broader downtrend may still be intact unless there is a strong breakout above this channel’s upper resistance line. 2. Support and Resistance Zones : The price is currently testing resistance near the $1,600 range. There are multiple Fibonacci levels, such as the 0.382 and 0.5 retracement levels, aligning closely within this range, suggesting a significant resistance zone. If it can decisively break above these levels, it could target higher resistance levels at around $2,571.11 (0.5 level) and $3,091.33 (0.618 level). 3. Short-Term Ascending Channel : Within the larger downtrend, a new ascending channel has emerged, indicating a bullish trend on a smaller time frame. This suggests that, in the short term, the price has shown strength, though it is approaching the upper boundary of this smaller channel as well. 4. Fibonacci Cluster Zones : Fibonacci retracement levels form clusters in certain areas, particularly between $1,500 and $1,800 and again around $2,500. These clusters tend to create zones of strong support or resistance and could influence the price movement in these regions. 5. RSI Bearish Divergence : The updated RSI (Relative Strength Index) shows a bearish divergence, indicating that, while the price has been rising, the momentum behind these moves is weakening. This could be an early warning signal that a correction or pullback may be approaching if it fails to clear its immediate resistance zones. 6. Potential Pullback Levels : Should the price fail to break higher, it may retrace to support levels such as $1,380, or even back toward the recent lows around $1,016.57 and below if bearish sentiment strengthens. Summary: The chart suggests that the cannabis index is at a pivotal point. It’s testing major resistance levels within both long-term and short-term trend structures, and the bearish RSI divergence suggests that momentum may be weakening. A breakout above the $1,800-$2,000 range with sustained volume could validate a bullish reversal. However, failure to break higher might lead to a correction towards lower support levels.
CShort
by Anakyn
GBPJPY - Already Over-Bought!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈GBPJPY has been bullish trading within the rising channel in blue. Currently, GBPJPY is approaching the upper bound of the channel. Moreover, the green zone is a strong supply and structure. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper blue trendline. 📚 As per my trading style: As #GBPJPY is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
14
NZD/USD Poised to Reach 0.6000NZD/USD Poised to Reach 0.6000 NZD/USD tested a strong resistance zone near 0.6060 and faced multiple rejections from that area. The price also closed three consecutive bearish candles, indicating increased bearish momentum. Given this pattern, we may see NZD/USD move down to 0.6000 in the coming days, considering its tendency to decline with low volume. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
1
Elliot Wave of FED Meeting for KASPAMy prediction based on time analysis on FEDs meeting 6-7 November : FED Meeting. i think they will cut rate around 50bps at this date. and it will be first parabolic move altcoin till the next fed meeting (16-17 Des). WAVE 1 17 Des-First Week of Jan : Correction of market because fed not cut rate or 25bps only at the first time WAVE 2 first week of Jan till the next fed meeting (28-29 Jan 2025) : Market recover as what has been lost. One month recovery. WAVE 3 making foundation between 28 Jan 2025- 28 Feb 2025 (2 weeks before FED Meeting 18-19 Mar 2025) : Second parabolic move of altcoin as FED start to cut rates 50 bps again! Note : I will cash out around this time. WAVE 3 18 Mar- 7 May 2025 : All market are RED! First big downturn of bitcoin and altcoin. All of it are crashes. Altcoin can crash around 75%, bitcoin can crashes around 50% from its peak WAVE 4 17 June-29 July 2025 : the last parabolic if any, at least minimum for kaspa coin only, get out ASAP if you make big money in here. WAVE 5 Target : First wave kaspa peak 0.5$, Second wave kaspa peak 1$, Third wave kaspa peak 1.4$
BITSTAMP:BTCUSD
by JImRaynor131
NZDJPY → Consolidation before breakout and distributionFX:NZDJPY is forming a pre-breakdown consolidation amid the weakening of the Japanese national currency. There is a chance to get out of the accumulation... The potential, if the bulls hold the victory and go outside the channel, is quite high. Above 92.00 there is a free way to 94.4 - 98.87, there is no resistance that can prevent the movement. BUT, for this to happen, the buyers need to be able to utilize their potential. On H4, a global range of 91.9 - 86.5 is forming. But, more remarkable is that a strong consolidation is forming near the upper boundary of the channel, hinting at a possible upside realization. Resistance levels: 91.975 Support levels: 90.788, 90.03 Technically, there is no pullback at all from the resistance at 91.97. Accumulation before distribution is forming. A break of 91.97, which may happen soon, may trigger a strong bullish momentum Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDJPY ;) Regards R. Linda!
Long
by RLinda
8
AXL/USDT Analysis: Potential Long-term Upside from $0.46 - $0.56The chart indicates a possible bullish setup for AXL/USDT on the daily timeframe. The price is currently testing the support zone between $0.46 and $0.56, suggesting a potential entry point for a longer-term upward move targeting $2.1. Detailed Analysis: Price Structure: AXL/USDT has been in a downtrend, followed by a consolidation phase near the support zone at $0.46 - $0.56. This range has acted as a strong support in the past, suggesting a potential base for a bullish reversal. The price action in this area shows the possibility of an accumulation phase, which could serve as the foundation for a long-term rally. Entry Price: The ideal entry zone is within $0.46 - $0.56, where the price is currently consolidating. This support range presents a lower-risk entry point, supported by potential bullish momentum building in the coming weeks. Target Price: The long-term target price is set at $2.1, which corresponds to the previous major resistance level and aligns with the projected potential for a breakout from the accumulation zone. Key Support & Resistance Levels: Support: $0.46 - $0.56 (current entry zone) Resistance: $0.93 (intermediate resistance), $1.52 (major resistance), and $2.1 (long-term target). Risk Management: Stop Loss: A stop-loss can be placed below $0.45 to limit downside risk, as a break below this level could invalidate the current bullish setup. Trade Plan Summary: Entry Zone: $0.46 - $0.56 Take Profit: $2.1 (long-term target), with potential intermediate resistance at $0.93 and $1.52. Stop Loss: Below $0.45 Conclusion: AXL/USDT is currently forming a potential bullish base at a strong support zone, suggesting a long-term buying opportunity. The analysis indicates a potential upside toward $2.1 if the support holds and the price breaks through the intermediate resistance levels.
by cashback-ventures
DXY D1 - Short Signal DXY D1 Some large market gaps seen across US30 and US100, XAUUSD also gapping to the downside, trading as low as $2725/oz. DXY still remains below our area of resistance and supply, which trades at around 104.500 price. 105.000 would usually be a good technical psychological trading zone, that being said, there isn't much else on that price that would act as any real method of confluence for the moment. Lets see what happens around this 104.500 price level, we have had a couple of days trading into that zone and a red engulfing candle close on that daily timeframe back on Thursday last week. Could we expect some dumps on DXY this week?
TVC:DXYShort
by Trade_Simple_FX
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COINBASE:BTCUSDShort
by Thief_Trader