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US30 downtrend line and liquidity grab before continuing the bearish trend . Good LUck
Hi everyone! Analyzing the current price action, we observe that the asset is positioned near the lower end of the 0.382 Fibonacci retracement level. It has reached the top of a descending channel and is beginning to retrace from its local high, signaling potential bearish momentum. Additionally, Bitcoin currently exhibits a bearish outlook, with a CME gap below the $90k area , which could act as a magnet for further downside. Furthermore, Bitcoin is trading near a significant resistance level, rejected 3–4 times on the 1-hour chart around the $96–97k range. Since Bitcoin strongly influences altcoins, this bearish pressure could spill over into the broader market. As for ADAUSDT, we can see it forming a descending channel after hitting its local high, further reinforcing the bearish narrative. Proposed Targets: TP1: 0.9435 TP2: 0.9070 TP3: 0.8750 This setup is supported by technical analysis, Fibonacci retracement levels, and the overall market structure. As always, ensure proper risk management and confirm this setup with your own analysis before executing the trade.
TALO stock is expected to rise to the $15-$16 range on the monthly timeframe, where a breakout above the blue downtrend line could be confirmed. ⚠️ Disclaimer: This is not investment advice. Conduct your own research before trading.
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Hecla Mining Company Stock Quote - Double Formation * 7.00 USD | Area Of Value * (Neckline) At 6.50 USD | Subdivision 1 - Triple Formation * (Reversal Argument)) | Subdivision 2 * Numbered Retracement | Subdivision 3 * Daily Time Frame | Trend Settings Condition Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
SPY - Monthly reversal is now being negated as we moved back above the monthly 2-2d trigger at Prev Month Low. We are also now failed 2D coming back through previous week range. The daily went 2-2 rev, but closed failed 2u as we made higher highs, but closed red near mid range of the day. The question for tomorrow is do we continue pushing back through last weeks range to expand the BF created by the 3 from last week, or do we take the failed 2u - 2D reversal, reconfirm the Monthly reversal down as well as the weekly 3-2D. We have a 3-1 setup on the 4HR as well as an inside bar 60 which is what I will be watching going into open tomorrow assuming no gap up or down. Should be an exciting rest of the week as we look to see if bears can reclaim control on the W and M, or if Bulls are setting up for a recovery back to ATH. Levels to watch: Current 60 inside bar High and Low, Current 4HR bar high and low, Prev month low, 585.96 for upside which is the 2-2U rev target we did not get to today, but may compound 2Us tomorrow to get to if the bull scenario is playing out.
4th wave started, it could go down to 160. after that 5th could go up to 200.
Bitcoin is neutral on its 1D technical outlook (RSI = 51.151, MACD = -617.400, ADX = 24.376) as it hasn't escaped the right range it's been trading in since late December. The 1W MACD has converged but hasn't made the Cross yet and as long as it doesn't, based on the time cycles, this is most likely a short consolidation that has happened almost exactly during the same time both in January 2024 and 2023. When the 1W MACD made the Bearish Cross, we had the long consolidation phases. By next week we should see this consolidation break to the upside. Our target is the same with the early 2024 breakout, a +195% rise from the bottom (TP = 150,000).
Price has rejected the ascending trend line 3 times (September 2024, December 2024 and now January 2025). We could be seeing a triangle pattern in play when looking at the lower highs. Look for potential long signals if they meet your strategy rules.
The correction which began last October is currently in black wave B. My expectation is that the uptrend will continue in the next days. If there is a fake breakout above gray resistance, I believe we will have a good short opportunity.