Short Term Elliott Wave view in S&P 500 Futures (ES) suggests that rally to new all time high on 12.16.2024 at 6163.75 ended wave ((3)). Pullback in wave ((4)) is proposed complete at 5808.4 as the 1 hour chart below shows. Internal subdivision of wave ((4)) unfolded in a double three structure. Down from wave ((3)), wave (W) ended at 5866 and wave (X) ended at 6107.5. Wave (Y) lower ended at 5809 which completed wave ((4)). The Index has turned higher in wave ((5)), but it still needs to break above wave ((3)) at 6163.75 to rule out a double correction. Up from wave ((4)), wave ((i)) ended at 5918.5 and wave ((ii)) pullback ended at 5842.50. Index nested higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 5898.75 and pullback in wave (ii) ended at 5848.75. Wave (iii) higher ended at 6017.50 and pullback in wave (iv) ended at 5961.75. Final leg wave (v) ended at 6078.25 which completed wave ((iii)). Dips in wave ((iv)) ended at 5994.5. Expect wave ((v)) to complete soon which should end wave 1 in higher degree. Afterwards, it should pullback in wave 2 to correct cycle from 1.13.2025 low in 3, 7, or 11 swing before it resumes higher.
BTC is following this green line up which I have used to draw into a channel I'm still very bullish on BTC and expect one massive more move up before the bears come in What do you guys think about 250K ? Daily timeframe
Hi Traders, Check out our 1H chart levels and trading analysis. As expected, our analysis has played out perfectly last 2 days. The EMA5 crossed and held above various levels, reaching our bullish target of 2745 and breaking through the resistance level as well. We highlighted that the next directional move would be confirmed once the EMA5 crossed and locked above weighted levels—and that’s exactly what happened. Currently, the price is moving between two weighed levels, with a gap above at 2751 and a gap below at 2738. We need to see the EMA5 cross and lock on either of these levels to confirm the next range. Until then, we can expect the levels to be tested side by side until one of the weighed levels breaks and locks, confirming the direction of the next move. Remember to focus on buying dips. Our updated levels and weighed zones will help track downward movements and capitalize on upward bounces. Continue to buy dips at our support levels, targeting 25–35 pips per trade. Each level structure typically provides bounces within this range, making it ideal for precise entry and exit opportunities. BULLISH TARGET 2765 EMA5 CROSS AND LOCK ABOVE 2724 WILL OPEN THE FOLLOWING BULLISH TARGET 2738 DONE EMA5 CROSS AND LOCK ABOVE 2738 WILL OPEN THE FOLLOWING BULLISH TARGET 2751 EMA5 CROSS AND LOCK ABOVE 2751 WILL OPEN THE FOLLOWING BULLISH TARGET 2765 EMA5 CROSS AND LOCK ABOVE 2765 WILL OPEN THE FOLLOWING BULLISH TARGET 2786 BEARISH TARGETS 2691 DONE EMA5 CROSS AND LOCK BELOW 2691 WILL OPEN THE FOLLOWING BEARISH TARGET 2673 EMA5 CROSS AND LOCK BELOW 2673 WILL OPEN THE FOLLOWING BEARISH TARGET 2663 - 2645 EMA5 CROSS AND LOCK BELOW 2645 WILL OPEN THE SWING RANGE SWING RANGE 2630 - 2615 as always, we’ll keep you updated throughout the week with regular insights on how we’re managing active ideas and setups. Thank you all for your continued support, including your likes, comments, and follows – we truly appreciate it! TheQuantumTraders
Gap up opening expected in nifty near 23150 level. After opening if it's give reversal from this level then expected downside upto 23000 and this can be extend for further 100-150+ points in case nifty starts trading below 22950 level. Any upside rally only expected if it is starts trading and sustain above 23200 level.
Bearish Divergence not playing out. When divergences don't play out, the moves should be strong...In the OPPOSITE direction.
Today will be flat opening expected in banknifty. After opening important level for index is 48500 level. If banknifty starts trading below 48450 then expected strong downside fall upto 48050 level. Any upside rally only expected if it's sustain above 48550 level. Upside 48950 level will act as a strong resistance for today's session.
So here is a faster time frame with a long term outlook on bitcoin. i think with a little news from the bullish crypto president we will run to 119,400-119,975 range... then briefly consolidate as retail starts to get in and then we start the bull run
Price has broken out of the channel down in yellow which the top of has been seen as resistance twice prior of now, it is now a support. Also a bull structure forming above the channel in the white dotted lines Breakout time / continuation time
https://www.tradingview.com/x/HXWwJCFr/ Looking for a break on the neck line of this inverted head and shoulders pattern. If the neckline is broken, I am targeting a move to 1.03400
AAPL WOW Nice Bounce off $220 AAPL WOW Nice Bounce off $220AAPL WOW Nice Bounce off $220AAPL WOW Nice Bounce off $220AAPL WOW Nice Bounce off $220AAPL WOW Nice Bounce off $220