Sui is completing a five-wave movement. It is currently completing wave 4 and it is very essential that it does not lose ~$2.2-$2.0. If it does not lose this level it has the potential to pump to about ~$7. Otherwise it will correct to at least ~$1.6.
So I am cash in my trading accounts with exception of my SPY price action trading which works in any condition . The market Nasdaq futures market has closed under the monthly 20 period ema , I have tested the Dow jones on this logic to 1897 for over 100 years of results and when the market makes closes below I go to cash and wait for a H2 monthly close to get back in . I personally think that this is a very easy way to trade as there is very little user interference its very black and white and if you traded this way on Dow jones from 1987 to now it would have even outperformed buy and hold from 1897 to 2015 (and maybe we will be outperforming soon again too with what the market seems to be threatening ). The 2X Nasdaq , QLD which from 2023s buy signal to end of last months cash signal yielded 78% return. ( that's what my strat uses instead of QQQ for these signals , note however that TQQQ has too much decay to work well imo) It's not hard to make money this way , but there is lots of inaction and us humans don't do so well with that . In any case we have a cash signal and now the game is to wait .... possibly quite a while . Also the Dow , SPY , QQQ and MES , have not quite yet printed sell cash signals so you could argue that they should do this before going to cash but they are all below their sell signals and the market is flashing pretty notable warning signals , So I am cash . I do plan on continuing my price action trades when I have time it can work in all markets but that is a tiny account in comparison to my monthly signals capital . I mostly do it for fun and experience building and often don't have the time . Take care and good luck out there .
hi traders, Let's have a look at AMD stock on the 1D time frame. AMD is very undervalued now. It's also very oversold. The stock market has been dumping hard but it may be a time to see a relief rally. It's very likely that the bullish divergence and an oversold RSI on 1D time frame may lead to the bounce within the next few days / weeks. I can't see it going much lower without giving us a solid bounce here. 2 targets are shown on the chart.
USDJPY has bounced off the 145.250 support zone, respecting the lower boundary of a symmetrical triangle on the H4 timeframe. Price is now pushing upward, potentially aiming for the upper boundary near 148.500. ? Technical Outlook: Structure: Triangle formation Support tested: 145.250 – clean bounce observed Bias: Bullish within the triangle toward resistance at 148.500 ? Trade Idea: Long Entry: 145.90–146.10 Stop Loss: Below 145.00 (under support + triangle base) Take Profit: 148.50 Risk/Reward: ~1:2.5 ⚠️ Wait for confirmation such as a bullish engulfing candle, breakout retest, or further oscillator confirmation before entry. #USDJPY #forextrading #priceaction #trianglepattern #forexsetup #H4chart #forexideas #technicalanalysis #swingtrading #rsi #cci #jpy #yen #forexsignals #supportresistance
As the title implies I do think that what we will look back and call "MOASS" has begun..from a technical and market mechanics standpoint... Technicals: 22 Level Ive been consistent for weeks now in saying that 22 is essentially the floor.. and price has been absolutely respecting that general level Temporary dips below dont invalidate as in my general view of TA it takes SUSTAINED lower movement (i.e. lower highs and lows) to truly invalidate a key structural level https://www.tradingview.com/x/0ALHdb6q/ Elliott Wave Count From an Elliott Wave count perspective, price holding the general 22 level is a very good thing as that shows price is respecting the 05/24/24 and 08/05/24 lows which I am counting as the completion of important lower degree Wave 2's that I am tracking as part of the main macro count https://www.tradingview.com/x/Txoj43n2/ SPX Synergy and Deviation I ranted for weeks about the importance of Synergy between SPX and GME...WHEN IT MATTERS I consistently said that there is no such thing as permanent negative/positive BETA..and that POSITIVE Beta is needed and will help FUEL the MOASS ENGINE..and eventually price would deviate and that GME WOULD BOTTOM FIRST...and thats EXACTLY what we have seen as of now. https://www.tradingview.com/x/oxe363a3/ SPX should be imminently close to bottoming as well and the subsequent runup we see over the next couple of months is what will provide major FEUL from a sentiment perspective to our MOASS ROCKET https://www.tradingview.com/x/Hbjh3kRA/ MARKET MECHANICS Convertible Bond Holders NEED price above 29.85 to realize profit The shorts they put on that brought price down are to HEDGE their position (aka stay Delta Neutral) until that happens They will ultimately close some or all of those shorts as price nears 29.85..but do be aware they will add shorts back on along the way as price retraces to hedge against any significant moves lower which will greatly increase VOLATILITY..and thats where the Arb Traders come in The Arbitrage traders have been feasting on market volatility in the meantime..and they will continue to feast on any significant volatility swings Margin Calls and Shorts Covering Margin pressure is INTENSE right now across the market and Hedge Funds are feeling the pain BIG TIME...that means Legacy Shorts are too I said a few weeks ago that the market in general was starting to see Shorts bail on positions and you can expect that to intensify as GME rises https://www.dailymail.co.uk/news/article-14574029/hedge-funds-margin-calls-donald-trump-tariffs.html https://www.reddit.com/r/GME/comments/1j9txci/shorts_are_covering_as_we_speak/ https://www.bloomberg.com/news/articles/2025-04-02/short-covering-is-lying-beneath-the-recent-stock-market-rebounds Settlement Cycle Indicator Tweaked the "blue lines" and modified it so that each settlement cycle has its own distinct color Remember all of the lines are PROJECTIONS which means they are drawn BEFORE price even gets there With that in mind notice how well they correspond with major changes in the price structure Its not a crystal ball per se' but its pretty darn good as far as Im concerned (notice how it NAILED the April runup from last year- wish I had it back then smh) https://www.tradingview.com/x/QUTwNoKQ/ As a reminder my final VIDEO updates will be on: 04/19 05/03 05/17 06/07 GOOD TRADING TO YOU ALL!!!
Hello Traders, BTC is currently forming a symmetrical triangle on the 6-hour timeframe. Although the price is dipping, it remains within the triangle pattern. If it holds the support, a rebound is likely soon. BTC needs to maintain support to confirm a potential rebound. However, a breakdown below $79K could be concerning. We’ll wait for some time—possibly until the weekly close—for better confirmation. Trade safely.
Important levels to monitor for support on SP:SPX we are now at monthly trend-line support from bottom of 2022 to bottom of 2023. Next support will be top of January 2022 which is 4791 and trendline from Covid 2020 lows and 2022 lows. If it breaks next 4589-4500. We may first go up and test 20 month moving average around 5260.
I've been long the GBP AUD for a while and its been working well. I will basically strip all TA right down now and say just buy a break above or a break below (weakness). Get a good stop somewhere out of the way, minimise your risk and hope for the best. The range may widen in the short term but ultimately the outlook now for the GBP AUD is very much up. Go long and prosper!!
On the NASDAQ:TSLA 1W chart, the price is currently pulling back below the 78.6 Fibonacci retracement level after a significant move up, and the zone between 224 and 182 presents an attractive area for potential long entries. The Ichimoku cloud (10, 20, 40, 10) shows bearish momentum, but a change in market structure on the daily chart such as a break above a previous swing high would strengthen the bullish case. The Trend Strength Index (20, 10) is in overbought territory, signaling caution, but if the price fails to reverse soon, it could continue falling toward the 146 to 109 range, a historically strong support zone where price has rebounded multiple times. This area would become a key long term investment opportunity if reached. Disclaimer: This content is for educational and informational purposes only. It does not represent financial advice or a recommendation to buy or sell any financial instrument. Trading involves risk, and you should only trade with money you can afford to lose.
**"In my opinion, over four years (2024–2028), Bitcoin will see prices of $78K, $250K, and $100K, then rise again toward its peak. If it strongly breaks the $220K–$230K zone, it could reach $600K. Otherwise, patterns may fail, triggering institutional selling, and Bitcoin could enter a ranging trend between $100K and $250K."**