? 1. Elliott Wave Structure The chart illustrates a classic 5-wave Elliott Wave cycle: Wave (1): Initial impulsive move up. Wave (2): Corrective pullback. Wave (3): Strongest bullish wave – already completed. Wave (4): Currently in progress – a corrective phase. Wave (5): Forecasted to peak around June 30, 2025 with a major upward move. ? 2. Fibonacci Levels Target zones for Wave (5) using Fibonacci extensions: 0.5 → $118,613 0.618 → $128,403 0.786 → $142,283 Support zones below (retracement): 0.618 → $76,286 0.786 → $67,781 ☁️ 3. Ichimoku Cloud Price is above the Ichimoku cloud, indicating a bullish medium-term trend. Historical bounces from the cloud base are highlighted (circled) – suggesting strong dynamic support. ? 4. RSI (Relative Strength Index) Current RSI: ~51 – neutral zone, neither overbought nor oversold. Past bullish divergence noted, which supported the big Wave (3) rally. ? 5. MACD (Moving Average Convergence Divergence) MACD is in a correction phase. Still above zero line, meaning no strong bearish momentum yet. ?️ 6. Forecast Timeline Projected top for Wave (5): June 30, 2025 This could be an optimal take-profit window based on Elliott Wave theory. ? Summary Current Price: ~$86,777 Forecast Target Range: $118k – $142k by mid-2025 Conditions to watch: RSI trending back upward. MACD avoiding bearish crossover. Price staying above the Ichimoku cloud. Strong Support Zone if it drops: $76k – FWB:67K
Consolidation at support indicates that Price may go up again ! AUDUSD is a the higher low of the support .
USDJPY is facing the resistance in the uptrend channel has reached higher high of the channel and will cool down today.
DAX moved up but sold down strongly while US indices held up. Is it really so bearish? IMO, as long as Friday's low hold, could see another move higher. Looking for a move higher from here.
Yesterday, International crude oil markets traded with a volatile , with WTI crude futures briefly touching an intraday high of $69.30/bbl. The oil price rebound was underpinned by multiple factors: Firstly, force majeure disruptions to Libyan crude exports at key ports heightened concerns over short-term supply tightness. Secondly, OPEC+ announced compensatory output cuts by seven member states to offset prior overproduction, coupled with US sanctions on Iran that escalated its export costs, further boosting market sentiment. Short-Term Trading Strategy: Given the interplay of bullish and bearish factors, a range-bound approach is advised. Fade rallies with modest short positions near $69.50-70.00, and buy on dips with light longs once prices stabilize in the $68.00-68.30 range. Oil trading strategy： sell @ 69.5-70.0 sl 70.5 tp 68.0-68.5 The market is fluid and fast-moving，if you need daily accurate trading signals, you can visit my profile for free strategy updates every day.
? XAU/USD (Gold) - 15M Analysis & Key Levels ? Current Price: 3,018.375 ? Demand Zone (Support): 3,011 - 3,012 ? Supply Zone (Resistance): 3,034 - 3,046 ? Possible Scenarios: 1️⃣ Bullish Case: Price may retest the 3,011 - 3,012 support zone before moving higher towards 3,020.79, with the ultimate target around 3,034 - 3,046. 2️⃣ Bearish Case: If price fails to hold above 3,011, a deeper correction towards 2998 - 3005 could be possible. ? Trading Plan: ✅ Look for bullish confirmations at 3,011 - 3,012 for a long entry. ✅ A breakout above 3,020.79 could confirm further upside. ✅ Watch for rejection at 3,034 - 3,046 as a potential reversal zone. #FXFOREVER #FXF #XAU/USD #GOLD #PRICEACTION
Price gave us a bullish channel on the 1H timeframe and has rejected on our resistance trendline thus gives a clear indication of where price might trend to from here.
The LuxAlgo Sequencer is a indicator that is able to highlight sequences of prices based on their relative position to past prices. The red counts reaching to no 9 with a small red arrow pointing down is marked with a line which is the Bearish Preparation Phase . It indicates chances of the prices reversal . It is possible that the price could still have moved up yet in this chart it did not . The long shadow that recorded the peak had also provided some clue of prices reversing. The Bearish Lead-Up line is the line where the bears come in control and the prices are expected to decline . In the same sequence we observe that the green counts have the reading of number 9 with green arrow pointing up . It may be a early indication of dollar gaining some strength. One needs to note that the counts are probablilistic. The GANN square of 9 provide a strong support line at 85.60 and a moderate resistance at 87.10 . The small green candle is the day in progress and so the closing price will provide the estimate of the direction in which the pair moves next.
? AUD/USD (1H) Analysis & Key Levels ? Current Price: 0.62900 ? Demand Zone (Support): 0.6250 - 0.6275 ? Resistance Levels: 0.63060 (Breakout level) 0.63628 (Major resistance/target) ? Possible Scenarios: 1️⃣ Bullish Case: If price breaks and retests 0.63060, it could push towards 0.63628 as the next resistance. 2️⃣ Bearish Case: If price fails to break above 0.63060, it may retrace back to the demand zone (0.6250 - 0.6275) for another attempt. ? Trading Plan: ✅ Look for bullish confirmations at 0.63060 for a long position. ✅ Watch for rejection at resistance for potential pullbacks. ✅ A strong rejection at 0.63628 could signal a reversal. #FxFOREVER #FXF #AUDUSD #Priceaction
French VC firm Daphni is announcing the first closing of its new fund, Daphni Blue. The firm has raised €200 million (around $215 million at current exchange rates). It expects to raise as much as €250 million ($270 million) by the end of the year. Some of Daphni’s most remarkable past investments include Back Market, […]