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Your Elliott Wave analysis suggests that NIFTY is currently completing a complex 4th wave correction, which often involves sideways or volatile moves before the impulsive 5th wave begins. Since Wave 4 tends to be unpredictable, it's crucial to monitor key support and resistance levels to confirm the upcoming 5th wave rally. Key Observations & Expectations: Wave 4 Complexity & Volatility: Wave 4 corrections are often zigzags, flats, or triangles—leading to choppy price action. Expect sharp up and down swings before NIFTY resumes its uptrend. Wave 5 Impulse Move: Once consolidation ends, Wave 5 should break above Wave 3’s high. Expect higher highs, supported by strong momentum and volume. Confirmation Levels: Support: Recent lows from the correction (possible retests). Resistance: Previous high (Wave 3 top). A breakout with high volume would confirm Wave 5 initiation. Trading Strategy: Avoid aggressive positions in Wave 4 due to its choppy nature. Look for a breakout above key resistance before entering long positions. Use tight stop losses if trading within the range. Key Takeaways: ✅ Current Phase: Wave 4 correction (complex and volatile). ✅ Next Move: Once consolidation ends, Wave 5 will be an impulsive move upward. ✅ Key Levels to Watch: Support: Recent lows from the correction phase. Resistance: Previous high (Wave 3 top). Conclusion: NIFTY is currently in a volatile phase but preparing for a strong upside move in Wave 5, which is typically the most impulsive leg. A breakout above key resistance will confirm the uptrend, and traders should position accordingly. ? Disclaimer: This analysis is purely for technical knowledge purposes only. Before making any trading decisions, consult your financial advisor.
?Fundamental Analysis European leaders are drafting a peace plan to present to Washington, raising hopes for a resolution to the conflict. This optimism has pushed the Euro (EUR) to rise sharply, putting pressure on the US Dollar (USD) and pulling gold prices back up. In addition, the USD continued to weaken as China's manufacturing PMI data beat expectations, indicating an improvement in the global economy. The cryptocurrency market also recorded a strong recovery after former President Donald Trump directed the establishment of a Strategic Reserve of cryptocurrencies, including Bitcoin, Ethereum, XRP, Solana and Cardano. This further increased pressure on the USD, helping gold regain momentum after two days of downward correction last week. ?Technical Analysis Gold prices are recovering towards resistance at 2890. Last week's old bottom support at 2836 is also important at the moment. These two zones are considered as two notable price zones, closing above these two zones is confirmation of strong trend continuation. 2782 is considered as Gold's weekly support zone. 2916 acts as the only barrier before Gold moves to the next ATH. Note the important price zones for BUY and SELL signals
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BTC has formed a double top formation. high chances it will correct till $ 90,500
1- Divergence 2- Followed by Convergence 3- Bullish trending structure 3-This suggests a typical scenario of Pullback followed by a move to the upside.
RULES: -If price break Point 2, 4, 6, or 8 cancel the setup -Price needs to break Point 1, 3, 5, or 7 to confirm the setup When price reach the 100FE(BLUE BOX) it normally does a pullback/retest or reversal The market can Truncate(fall short)
Technical Analysis (TA) for SPY * Trend Overview: SPY recently bounced off a key support level near 582-585, forming a potential reversal zone. * Volume & Price Action: * A strong recovery candle has formed, indicating increased buying activity. * 600.05 is the next major resistance level to watch. * If the price clears 597.5, it could gain momentum toward 610-615. * Indicators: * MACD is crossing bullish, suggesting potential momentum continuation. * Stochastic RSI is approaching overbought, signaling potential resistance. * Support & Resistance Levels: * Key Support: 585, followed by 582.44. * Resistance Zones: 600.05, then 611-615. Options Flow & GEX Analysis for SPY https://www.tradingview.com/x/e6LnDo9R/ * Gamma Exposure (GEX) Insights: * Major Call Resistance: 610-615 (where dealers may start hedging negatively). * Put Support Wall: 585-580, the strongest downside cushion. * If price holds 590+, dealers may shift their hedging and push SPY higher. * IV & Sentiment: * IV Rank: 34.5 (moderate implied volatility). * Put Positioning: 103.3%, suggesting heavy hedging on the downside. Trade Considerations * Bullish Scenario: If SPY stays above 597.5, it could test 600-605, with 615 as a stretch target. * Bearish Scenario: If it breaks below 590, it may retest the support at 585-580. * Options Traders: Watch for GEX shifts; clearing 600 could trigger dealer hedging toward 610-615. Final Thoughts & Suggestion: * Short-term traders should watch how SPY reacts at 597.5-600 for confirmation. * Options traders can look for breakout confirmation above 600 before considering bullish positions. * Risk management is key—tight stops are necessary if price rejects resistance. ? This analysis is for educational purposes only. Always conduct your own due diligence before making trading decisions. ?
BTCUSD BUY ENTRY 92350 1ST TP 93500 2ND TP 94250 3RD TP 95000 4TH TP HOLD FOR BIG MOVE SL 91800 Btcusd take some retracement and tap on 4H and 1H IRL.. AND made SmT with ETHUSD WE take take after turtle soup then CISD
Busted out last time trying to short. Pinpoint spotting on $43,496.52 mentioned on Friday. Handle to watch here. $44,134/180. Stops by default automatically sits at $44,500 Until we get some closures that can confirm to tighten things up… Rejections will send this thing straight into $43k which was the initial goal with lower end potentials of $42,500s. LFG ?