SPX500 weekly circle indexSPX500 weekly circle index SPX500 weekly circle index
03.13.2025 / NASDAQ:ADBE #ADBE Fundamentals. Positive earnings report, but forecasts are slightly lower than expected. Technical analysis. Daily chart: Downtrend. Yearly minimum is ahead. Premarket: Gap Down on increased volume. Trading session: The pullback after the initial impulse from the opening was stopped at 393.80. The next few attempts to return and hold above 393.80 were also unsuccessful. At the same time, the price formed a tightening to the level from below. We are considering a short trade to continue the downward movement. Trading scenario: Pullback along the trend (false tightening) to level 393.80 Entry: 391.17 when the structure of the tightening to the level is broken Stop: 394.81 we hide it above the candlestick of the last pullback Exit: We observe a pullback-free movement without a clear trend structure after entering the trade. It is optimal to fix such movements in parts upon reaching certain Risk/Rewards targets (1/3, 1/4, etc.) with subsequent stop tightening. Risk Rewards: 1/3 P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information .
Bitcoin (BTC/USDT) is currently trading near $81,000, showing strong bullish momentum within an ascending channel. The price recently rebounded from a key support zone, maintaining the structure of this long-term uptrend. ? Key Observations: ? BTC is approaching the upper boundary of the channel, historically a resistance zone. ? A breakout above $102,000 could open the doors to $117,500 and beyond. ? If rejected, a pullback toward $71,500 - $66,500 may provide new buying opportunities. ? Volume and market sentiment remain crucial for confirming the next move. ⚡ Will Bitcoin push past resistance, or are we due for a healthy correction? Share your thoughts in the comments!
BTC on the Daily for the thesis: general idea is a continuation of the overall bearish trend, but in context of the monthly & weekly TF, where we have an FVA residing at the FWB:73K level, meaning that could be our low before a potential reversal to a new ATH, in line with Monthly market structure. If we dont come lower from here, expect higher prices, but, my money is on 73-75K levels being tapped before any reversal higher.
A rounding top on the tape. Soon it’s time to wreck late bears and get everyone excited for America’s greatness. Then the grim reaper will rear his head as the reduction of fiscal spending makes a reality check ?
Mara is continuing the move down to find a bottom. Notice in the past when Mara has found a bottom on the 5- day time frame and how price crosses the 5- day SMA/EMA, during the bottoming phase. I have identified an ABC based on my Elliot wave analysis and I’m definitely not and Elliot wave expert but that count makes sense. The C wave will finish as a 5 wave down and I have identified two likely targets. However, Elliot wave is just for forecasting and decisions must be made on the price action. I the past and in similar situation, MARA candle stick formations tend to provide early clues of a bottom formation. The orange dash line is approximately $10.78 and there could be a bounce there. It also lines up with the downward sloping channel. However; crypto miners tend to always goes to extremes and that is why the target are identified and align with fib retracement and projections. Once all indicators align a trend change will commence but now is not a good time to be buying for a longer -term positions The link is the one month chart, which shows indicators are moving down, with the indicator below the volume has crossed the 50 line https://www.tradingview.com/x/aH3HCDKO/
Another ATH as expected. Gold is on its way to 3000, which is a major resistance. But it won't just drop so easily. I will expect some consolation around 3k level. For today's setup, I am looking to buy from 2955-2958, which is previous resistance turned to support. 1st target is 3000 2nd target 3032
Elliotticians, don't crucify me... I'm no expert in EW theory! But I believe we are seeing a super high level double or triple three pattern emerging in NAB Long term it appears that NAB was in a trending pattern till 2009 Currently we are in a long term corrective phase, which consists of large Flat corrections and zigzags or triangles Overall we just completed a large Flat 3-3-5 wave pattern and likely to see a fall into an ABC correction (zigzag) to start a new corrective phase or possibly create a large long term triangle What this suggests is that this is in a large ranging pattern... so trading in and selling out at long term resistances would be the smart play until such time as the longer term structure becomes clear and builds a completed base to start a trending move outside of this structure Ranging markets chew up time to create the base for the next long term trend and in this case we are likely to see the range continue until we see some completed structure Some beginners sometimes do not understand ranging markets as they are harder to understand than trends... but if you get the overall grasp of them you can differentiate the difference between a real buying opportunity that have completed ranging structures within it and a short term buying opportunity and position yourself accordingly I've posted a few on the ASX over the years and each time the moves out of these tend to be strong and persistent
https://www.tradingview.com/x/DFvIKuJ8/ US02Y could be repeating a pattern from August 2024. Hidden bearish divergence (continuation of lower highs) and rejection of RSI from level 40. Following the rejection, the yields went lower. US02Y going lower is bullish for risk assets. https://www.tradingview.com/x/E4dSkcjK/ In addition, US02Y could be on the verge of a fifth Elliott wave to the downside. The second wave overshot a little the textbook 0.618 fib level. The fourth wave retraced a little less than the textbook 0.386 fib level. Given the RSI analysis above, the fifth wave could be starting now leading US02Y lower. This would be bullish for risk assets such as stocks and crypto.
Wow, I was initially frustrated to miss the AAVE move after it broke out of the falling wedge from ATH's in 2021, accumulated sideways into an ascending triangle for over 2 years, and then broke out into its current uptrend. But now I get to buy 160, be long, strong, sit and smoke the bong. Being both right and sitting tight are difficult to do. Can you?