Palo Alto has faced increasing upward pressure and has been noticeably pushed higher. Thus, the stock is ogling our alternative scenario, which envisions a direct breakout above the resistance level at $207.24. In this 30% likely scenario, we would attribute the last low to the beige wave alt.IV and prepare for a new high of the blue wave alt.(I). Primarily, however, we classify the recent gains as a countermovement and locate the stock already in the bearish blue wave (II), which should settle its low within the blue Target Zone between $104.74 and $55.73; prior to that, the price must fall below the support at $130.04. After the wave (II) low, a new (wave (III)) uptrend should begin and eventually lead to new all-time highs above $207.24.
KRE recovering nicely from the tariff tantrums. But up against a major resistance zone $54.23-54.79 Want a Break-n-Retest or dip to lower fib at $51.39
Today, Nifty marked an intraday high of 24,570 during the morning session and did not retest or offer any significant retracement thereafter. The index has breached the white support trendline, indicating the potential for further downside towards 24,250 and 24,000 levels. With the market closed on May 1st, Nifty may remain range-bound with a negative bias in the coming session.
Looking like it’s consolidating. Looking for another leg up if we get momentum. Entry is my green ray. We have robotaxi info from last ER, I think it’s ready to move again. Not FA! But let me know what you think!
? The US Dollar Index ( AMEX:USD / TVC:DXY / $USINDEX) has officially broken beneath the multi-year support zone from 2020, right as Trump prepares to declare "Mission Accomplished". From Inauguration to Liberation Day, and now the final stage: Meltdown. ? Key Events Marked: ? Inauguration ? Trade War ? Liberation Day ? Mission Accomplished ? Meltdown incoming? ? The breakdown aligns with a sharp spike in Nasdaq down volume (see chart). This isn't just a currency move — it's a market-wide stress signal. Watch closely: TVC:DXY below 99 = structural weakness. Risk-on assets may melt up temporarily, but volatility could snap back fast. Global currency pairs ( FX:EURUSD , FX:USDJPY , FX:GBPUSD ) are all on alert.
Silver Price Forecast Update (April 29, 2025): Eyeing Fresh Sell Opportunities Near $34.20 Following our earlier forecast on April 22, 2025 — where we highlighted a retest and potential reversal at the $33.60 level, which was successfully fulfilled — we now turn our attention to the next critical price region. As price action unfolds, I will be closely monitoring the $34.20 area for potential short (sell) setups, contingent on price behavior and broader market confirmation. ? Technical Outlook Resistance Zone at $34.00–$34.20: This area has previously acted as a strong resistance zone, marking a significant swing high from March 2024. A confluence of Fibonacci extensions (specifically the 127.2% extension from the January–March leg) also aligns here. Bearish Divergence on RSI (4H and Daily): As silver approaches $34.20, momentum indicators are beginning to show early signs of bearish divergence, suggesting that upside strength may be waning. Rising Channel Breakdown in Sight: Price remains within an ascending channel since mid-March, but a test and failure near $34.20 could trigger a breakdown, targeting support at $32.60 and potentially $31.80 in extension. ? Fundamental Drivers to Watch Fed Policy Outlook: Recent Fed commentary continues to lean hawkish, with inflation data remaining sticky. The possibility of delayed rate cuts is strengthening the U.S. dollar and raising real yields — both traditionally bearish factors for silver. Geopolitical Uncertainty & Safe Haven Flows: On the flip side, ongoing geopolitical tensions in Eastern Europe and the Middle East are contributing to periodic safe haven bids for precious metals. However, these flows have largely benefited gold more than silver in recent sessions. Industrial Demand Concerns: Slowing global manufacturing PMI readings — especially from China and Germany — are raising concerns about silver’s industrial demand side. This could weigh on the metal in the coming weeks if macroeconomic softness persists. ? Trade Plan I will be closely watching for bearish confirmation patterns near the $34.00–$34.20 resistance zone, such as: Rejection wicks on the 4H/daily timeframe Bearish engulfing or pin bar formations Breakdown below local support levels near $33.50 If confirmed, I will consider initiating short positions, with targets around: First Target: $32.60 Second Target: $31.80 Stop-Loss: Above $34.50 (structure-based) ? Conclusion: While silver continues to enjoy broad bullish momentum, technical resistance at $34.20 could serve as a turning point. Combined with shifting macroeconomic narratives, this level offers a high-reward zone to look for potential reversal and short opportunities, provided the right confirmation signals develop. Stay tuned — I’ll provide further updates as price action evolves.
Bullish Reversal NZDCHF 1H Looking for Candlestick Patterns to improve Entries
No real resistance for ETH till Golden pocket. Monthly close around corner.
EAT earnings report was apparently pretty bad. Fell through several supports but trying to hold. Watch critical and proven zone at $134.06-134.77
We got a new CME Gap in the 1H Chart. Currently its the second open CME Gap. The other one is still at 20.000$