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Wave Analysis

#202504 - priceactiontds - weekly update - daxGood Evening and I hope you are well. comment: By full bear mode I don’t mean you just short 21394 and hope for the best. You wait for selling pressure first. Friday we got some decent selling pressure to the 1h 20ema which held since Tuesday. I expect another leg up first before we break below 21300. We have left behind 4 consecutive bull gaps and on Friday we saw the first one close immediately. This buying was as climactic and unsustainable as it get’s and having those this late in a trend is more often the end than the beginning of a new leg up. Can this go to 22000 before it goes to 20000 again? 10% if you ask me but that’s just a guess and as good as anyone’s. current market cycle: Bull trend (very climactic move last week, market needs to take a breather or will outright crumble again) key levels: 20500 - 21800 bull case: Bulls are in full control. This has not changed since the big breakout on Wednesday. They are still trading above the 1h and higher tf 20ema and until we break below, they remain in full control. Problem for the bulls is the climactic unsustainable nature of the move, very late in a trend. Everyone know’s it’s a suckers rally/short squeeze but that does never matter and they can just continue higher. We could easily test down to 20500 with a quick 1-3 day move, so bulls need to think about taking profits. Many will exit when market begins to stall because the up move was basically down above the 1h 20ema and once we break below, that premise is gone and I doubt many want to risk 500 points in hope to print 22000. Invalidation is below 20500. bear case: Bears know that the dax has not been this expensive for 25 years and want blood. The odds are decent that we go down at least 2000 points over the next weeks and bigger bears begin to scale into shorts at this high because the market broke above 2 bullish patterns and the odds of that happening this late in a trend are low. Bears finally closed a gap and now they need follow-through below the 1h 20ema. First target is to retest the high of the previous gap 21162 and see if bulls want to defend it. There is also the 4h 20ema around that price and those will be 2 big magnets early next week. My preferred path forward would be a very quick move down to 20500 to retest the breakout price and the bull trend line. There I expect buyers to come around big time. Invalidation is above 22200. short term: Neutral if we stay above the 1h ema. Once below, I want to see 21162 and then 21000. If we stay above, I will long scalp for 21500 and maybe 21600 and will look for shorts there. medium-long term from 2024-01-25: No more bullish talk. Full bear mode. current swing trade: Soon. chart update: Marked new targets for both sides.
XETR:DAX
by priceactiontds
US30/DJI morning analysisTechnical analysis for US30 (DJI). Two bearish counts, both have corrective expanded flat for wave ii or b. Price tagged .5 fib retracement from ATH to 5 August low, tagged median line target with reaction/profit taking seen last week. There could be more upside towards ATH to complete the ((c)), but with these bearish counts suggesting either a zigzag or impulse down from ATH, 45105.1 should hold as hard resistance, and both these counts would be invalid with new ATH. Risk/reward attractive for a short position, with ATH as stop.
PEPPERSTONE:US30Short
by discobiscuit
Gentlemen and Ladies, SMCI is on schedule - It was an impossibility that SMCI the absolute core of AI be left behind, especially when without it - everything overheats and with it, all woks flawlessly. You have to bet on excellence. Irrelevant if swindlers are infesting every market there is. From Jannet the CEO Obamanoind at Ernst Young to the low reference Hindenburg Report lead by an ambulance driver that studied English and it is not clear if the swindler graduated. Never bet against excellence and technical expertise. SMCI was a victim of bear raiders, now I hope these rodents be all sued and we get some money back for the financial damage. The technology and expertise is now even better, it takes these events to make companies even more resilient, and SMCI has proven its worth.
NASDAQ:SMCILong
by imcnf5c4ff
5
TOTAL 3 IDEAThe number of coins has increased significantly-there are now tens of millions of them, BUT only the first 2000 coins (TWO THOUSAND) coins have a cap of more than $ 1 million, i.e. they represent something. There are 14 thousand coins on CMC, the rest after 14 thousand are complete garbage. The remaining 12,000 coins, if taken after the main 2,000, account for only 12 billion caps out of $1 trillion in TOTAL 3 (a drop in the bucket). Accordingly, everything will flow mainly into the first 2 thousand coins, plus that there will be + or- a couple of hundred new ones. I expect a total salary of +-3 trillion at the peak. This is the flow of liquidity from Ether and BTC, plus unblocks and pumps. There is already a lot of money in the market. Of the 500 main coins, only 43 coins grew to March 22 or broke the high, of which 10 were new, such as PEPE BONK and others, i.e. almost nothing. Small caps will shoot at the very end IMHO
CRYPTOCAP:TOTAL3
by Koster5511
Reversal bullish for EUHi traders, Last week after EU closed above the Daily FVG on Monday, it gave the confirmation that the ending diagonal (wave 5) was finished and this pair reversed to bullish (wave 1). So next week we could see a correction down and after that another rise. Let's see what the market does and react. Trade idea: Wait for a small correction down, a change in orderflow to bullish on a lower timeframe and trade longs. If you want to see more from my analysis, please make sure to follow me, give a boost or respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. If you don't agree, that's fine but I don't need to know it. I do not provide signals. Don't be emotional, just trade! Eduwave
Long
by EduwaveTrading
TUMP UPDATE (1H)This analysis is an update of the analysis you see in the "Related publications" section The price has been rejected downward from the red box zone in the previous analysis. The trend remains unchanged and is bearish down to the lower zones. Only the time correction for waves D and E has extended. From the point marked on the chart, it seems the TRUMP correction has started. Wave D of this corrective pattern has also completed, and the price has entered wave E. The green zone is where this meme coin might react. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
2