Last week on one of my member live videos I pointed out to the attendees that European markets were currently at, or very close to their All-Time highs...whereas in the US, we've entered the technical definition of a stock market correction...(down 10%). If you're so inclined to Google an economic calendar, it also appears the economic metrics like CPI, unemployment, etc... appear much better as well. There's an old adage in the markets.... "When the US sneezes, the global economy catches a cold" . However, at this very moment in time, the only thing that appears sick is the US. Maybe that changes with time. I suspect that will be the case...but in any event, one thing that is clear is that our stock market indices are signaling that whatever economic sickness is to be contracted, it will have originated here...in the United States. That is certainly a new phenomenon. For the past couple years I have been warning my members (and followers here on Trading View) of a long-term top in the stock markets. Week after week in my trading room, I have commented that I believe I have all constituent waves accounted for, to the best of my ability, to say with a high degree of confidence that a super-cycle wave (III) has topped . https://www.tradingview.com/chart/SPX/EInN6Kjk-SPX-Long-Term-Chart/ What we have lacked is the price action to confirm that statement. This morning, I cannot tell you we have confirmation. That confirming probability only comes when price declines below the area of the wave 4 of one lesser degree. That area is outlined in the SPX daily chart entitled the "Must Hold Region". We are not there yet, nor do I think price makes a bee-line there in one shot. Therefore, I am NOT in panic mode this morning because I do believe we need a retrace higher and only that retracement's structure will inform us the higher probability of future price subdivisions....(higher or lower). Panic is the necessary trader behavior needed to decline in such fashion as I believe a super cycle wave (IV) will start out. However personally, I do not think it's today. Futures are red this morning and closer to the recent lows than last week...the headlines surrounding the stock market appear very negative...but as of this morning, the MACD indicator on intraday charts is saying this type of sentiment is getting slightly weaker and NOT making new lows. Therefore, I continue to maintain the price and technical indications tell me a minor B is either currently underway, or will be confirmed in the short term. Until those parameters get flipped, I'll reserve my panic (so to speak) for the c of (c) of intermediate (A) into the must hold region later this year... where it will probably be justified at that time. Best to all, Chris
Price offers a sell opportunity as we see a significant drop in price. The daily timeframe remains bearish. A sell opportunity is envisaged from the current market price. Target profit is at 102.918
Based on the analysis of the NZDUSD H4 chart and the provided trade idea, here's a structured breakdown: ### Trade Setup Overview: - *Pattern Identified*: Head and Shoulders (H&S) reversal pattern confirmed by a neckline break at 0.56800. - *Trend Confirmation*: Price consolidating below the EMA-200, reinforcing bearish momentum. - *Entry Point*: Sell at 0.56800. - *Take Profit (TP)*: 0.55890 (91 pips target). - *Key Levels*: - *Neckline*: 0.56800 (serves as resistance post-break). - *Projected H&S Target*: If the head is at 0.5750 and neckline at 0.5680, the minimum target is 0.5610 (70 pips). The TP at 0.55890 may account for extended bearish momentum or historical support. ### Risk Management Considerations: - *Stop Loss (SL)*: Ideally placed above the neckline or right shoulder. For example, 0.57200 (40 pips risk) offers a 1:2.3 risk-reward ratio. - *False Breakdown Risk*: Monitor for a close back above the neckline, which would invalidate the pattern. ### Additional Factors: - *Market Context*: Check for upcoming economic events (e.g., NZ/US economic data, Fed/RBNZ policy) that could impact volatility. - *Confluence Indicators*: Bearish alignment with RSI < 50 or MACD below the signal line would strengthen the setup. ### Conclusion: The trade leverages a confirmed H&S breakdown and EMA-200 resistance. While the TP exceeds the traditional H&S measurement, it may target a stronger support zone. Traders should manage risk with a tight stop and watch for price action confirmation. *Execution Plan*: ? Sell at 0.56800 ? TP: 0.55890 ? SL: 0.57200 (adjust based on volatility tolerance). Monitor price reaction near 0.5610 (initial H&S target) for potential partial profit-taking or trail stops.
GOLD SHORT SETUP: TARGETING $3,100 FROM OVERBOUGHT CONDITIONS Looking at the current Gold chart, we're seeing potential exhaustion signs near all-time highs. While the trend remains strongly bullish (all moving averages pointing up), several indicators suggest we may be due for a pullback to the $3,100 level. Key Observations Overbought RSI (77.09): The RSI is showing overbought conditions without divergence yet, but at levels where previous corrections have occurred. Extreme Stochastic (97.99): Nearly maxed out at 98, suggesting limited upside momentum remains. Williams %R near zero (-2.44): Showing extreme buying pressure that historically doesn't sustain. CCI above 140: At 146.61, well into overbought territory. Moving Average Spacing: While all MAs signal "Buy," the distance between recent EMAs (10, 20) and price indicates stretched conditions. Risk Management This is a counter-trend trade against strong bullish momentum, so position sizing should be conservative. The R2 pivot at $3,045 and the 10-day SMA at $3,046 should act as initial support levels and could provide clues about whether the pullback thesis is playing out.
In this update we review the recent price action in the emini SP500 futures and identify high probability action areas and price targets fort he trading week ahead!
I might be wrong and this might never happen, but it might come true From a technical perspective!!! Remmember https://www.tradingview.com/chart/BTCUSDT/7KmC89kl-BTCUSDT-Why-BITCOIN-Remains-Bullish-and-Its-Next-Potential-Move/ Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.? _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and ?Follow?! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Buying Bitcoin in the $72K-$74K range with an initial target of $130K-$150K. After that, we need to assess whether the market will undergo a deeper correction to $47K to form a reverse contracting triangle with targets above $500K, or if there will be no further drop and another structure will emerge for the continuation of the uptrend. The key takeaway here is that while Bitcoin generally moves in tandem with the S&P and Nasdaq indices, there’s a crucial difference: If you observe closely, the angle and intensity of the declines in these indices are significantly steeper than the angle of their upward movements. This suggests that a major correction and recession in the stock market have begun, expected to last at least 300 days (with approximately 200 days remaining). However, in Bitcoin, the recent pullback has been at a shallower angle compared to the previous upward movement. This indicates that the D wave of the uptrend is not yet complete. As a result, we should anticipate another leg up, with minimum targets at the previous all-time high and a more standard target of $130K-$150K. After reaching those levels, a more significant decline could follow. For now, keep an eye on the $72K-$74K range as a key potential entry point, as the bullish scenario remains likely.
Last weeks high: $88,775.01 Last weeks low: $81,579.54 Midpoint: $85,177.27 As Q1 2025 draws to a close, last week we saw a mirror image of the March 17th week with a swing fail pattern of the weekly high and a gradual sell=off throughout the week. The reluctance for buyers to step into the market under the $91,000 resistance is telling me that the bulls are just not confident in current market conditions to bid into resistance. This may be because of the Geo-political factors, ongoing war, tariffs etc. Uncertainty does worry investors and so it's a valid reason. From a TA standpoint however is a bigger worry in my opinion. Bitcoin failed to flip the 4H 200 EMA after the 8th time of trying since mid February and that is the biggest concern for me. As long as this moving average caps and reversal pattern then the trend is still bearish and should be treated as such. $73,000 is still the target for a downward move IMO, a further -10% move from current prices. For the bulls a SFP of the weekly low could set up another bounce to weekly highs that have remained in approximately the $88,000 zone for two straight weeks. Major resistance around those levels and of course the dreaded 4H 200 EMA must be flipped too. Currently this is a tall order given how price action has been of late, sentiment is poor and altcoins are completely decimated in most cases. So I can't see the majority wanting to buy in until these criteria are met and we're trading back above $91,000. This is still a traders environment, not a Hodler/investor.
Chart Overview: The monthly chart of the PSEi Index (Philippines Stock Exchange Index) presents a crucial technical setup, reflecting long-term historical price action, key support/resistance levels, and potential future movements. Key Observations: Current Price & Trend: The index is currently trading at 6,180.72, experiencing a sharp decline of -5.33%. Price is below a key resistance level of 6,695.81, indicating a bearish phase. Major Support Levels: 4,039.15: A significant long-term support level. 439.53: An extreme historical low (unlikely to be revisited). Major Resistance Levels: 9,078.37: A key breakout level for a bullish reversal. 13,285.55: A major resistance from previous highs. 20,069.49: Long-term upside target in case of a bullish breakout. Potential Scenarios: Bullish Case: If the price reclaims 9,078.37, a rally towards 13,285.55 and eventually 20,069.49 could unfold. A breakout above 13,285.55 would signal a strong bull market. Bearish Case: If the index loses support at 6,180.72, it could decline towards 4,039.15. Further downside could expose the market to a deep correction. Technical Indicators & Sentiment: The market is currently consolidating near historical support. If buyers step in, a strong upward reversal is possible. Failure to hold current levels may result in further downside. Conclusion: The PSEi Index is at a critical juncture. A breakout above 9,078.37 could trigger a strong uptrend, while a breakdown below 6,180.72 increases the probability of testing lower support levels. Traders should watch for volume confirmation and price action near key levels before making decisions.
the pair is making HH and HL consecutively and now trying to make another HH toward upper level RR=2 we are suggesting this long position let see market reaction