Technical Analysis: NVIDIA has completed a bullish Elliott Wave cycle, reaching a high of $153.13 (wave V). It is currently in a corrective phase, with a recent drop to $116.72. Key support levels to watch are $105.88 and $81.16, which could be attractive levels for a long-term entry. If the price drops to $81.16 (50% retracement), it could be a buying...
Pattern Identified: On the chart provided (originally a 5-minute chart), a descending triangle is observed between points (A), (B), (C), (D), and (E). If we group the movements on a 15-minute timeframe, the pattern would still be relevant, but with less noise and more consolidated candles. Point A: Initial high around 5567.3, marking the start of the...
The NASDAQ 100, on the 1-hour chart, has shown notable declines in recent weeks, as reflected in the provided image. From the recent high near 19,940.0 (labeled "E"), the index has undergone a significant correction, breaking key levels and approaching critical support zones. The price is currently testing the 18,717.8 level (138% Fibonacci according to the "tag...
Nasdaq 100: Correction Confirmed - What's Next? March 11, 2025 The Nasdaq 100 is down 7.1% in 2025, with a 4% loss on March 10, its worst day since 2022. From its December high, it is in correction (-10.4%), closing at 17,468.32. Causes: New tariffs on Mexico, Canada and China fuel inflation fears. Economic indicators suggest a possible recession (JPMorgan:...
Pattern Description: The chart shows a classic diamond pattern that has formed in the price of gold. This pattern is a reversal formation, where the price initially expands in a diamond shape and then contracts until a breakout occurs. Analysis of the Movement: Diamond Formation: The pattern started to form around mid-November 2024 with the upper vertex of...
NASDAQ (Left) Elliott Wave Pattern: A possible Elliott Wave pattern is seen with an impulse and correction structure. Wave X appears to be a resistance point where the price has bounced down. Key Zones: Resistance: 21,433.1 (point X) Support: 20,150.6 (point W) Zone of Interest: 19,912.6 (point Y) Analysis: The price has touched the resistance at 21,433.1 and has...
Pattern and Key Levels Diamond Pattern: The chart shows a possible diamond pattern which indicates a possible rise to marked levels to complete the movements of said pattern and then fall Fibonacci Levels: 2,585 : This level acts as support, 2,617 : Intermediate level that can act as both support and resistance. 2,696 : Key resistance level, possibly Trading...
Description: On the daily chart of Bitcoin (BTC/USD), we observe an interesting dynamic. After a recent spike around $97,983, the price has shown a significant pullback, finding support at the $96,422 area. This level has acted as a key support, where the price has bounced off, indicating a possible bullish reversal in the short term. Analysis: Resistance and...
Chart Summary: Key Resistance: $101,107.27 Important Support: $98,115.68 Current Range: Between $98,000 and $100,000 📈 Current Trend: BTC is attempting to break the resistance at $101,107.27 after a bounce from the support at $98,115.68. This move suggests a possible bullish momentum if it sustains above $100,000. 🛠️Potential Strategy: Buy: Consider entries in...
Current Trend: The chart shows a recent downtrend, with the gold price falling from levels near $2,630 to around $2,582. Key Support and Resistance Levels: Resistance 1: $2,608 - This level has acted as resistance, where the price has tried to break unsuccessfully on several occasions. Resistance 2: $2,622 - Another higher resistance level, which could be a target...
Current Trend: The chart shows a recent downtrend, with the Bitcoin price falling from levels near $98,332 to around $95,000. Key Support and Resistance Levels: Resistance 1: $98,332 - This level has acted as resistance, where the price has unsuccessfully attempted to break out on several occasions. Support 1: $97,729 - A support level where the price has bounced...
After the strong falls found a bottom at 1.10020, the price rebounded upwards to the levels of 1.10900 /// 1.1100. Now we would be in the presence of a wave 4 retracement that took the price to 1.10748. This wave could still look for the 1.10600 level on the downside. In these last mentioned levels I expect a wave 5 rebound that, if consolidated, could take the...
the strength of btc continues to surprise. a bullish structure is forming that aims directly at 83,000 // 85000.
After the mixed employment data, the Nasdaq fell to 18,000k. I have detected a possible *ABCDE* chart formation. the price would seek to drop further to complete the *E* of said formation at 17500 // 17400 If you lose this level, you would look for 16900 // 16700 without problems.
after the unexpected fall following the usa inflation data, an important upward rebound was presented. now i would expect a fall to 4900
After the price gave us a historical high at 18040, the price fell back to 17850 to close the session. What I hope now is that after rising to 17820 the price rebounds to 17930 / 17950, with the CPI data scheduled for today falling to 17720 and from there perhaps reaching a historical maximum of 18160. There 5 would be completed waves.
After the observed upward jump, a small increase to areas of 46000k would now be expected to continue its path until at least 50250.
After the magnificent results published by the Amazon company, the Nasdaq index went from 17240 to 17550 . From there it fell to 17390 to complete its journey in the Friday session to 17680 . We believe that after the decline to 17590 this asset will complete the upward journey to the historical dynamic resistance at 17890 / 17900