With proper price action formation, I want to see the X low broken for a buy entry.
The SPX appears to be transitioning out of Wave 4 and initiating Wave 5 of the current Elliott Wave cycle. This breakout from Wave 4 suggests the final leg of the broader impulsive structure is underway, typically characterized by renewed momentum and trader interest. At this stage, we can expect a pullback or bounce near the previous Wave 3 low, which often acts as a key support level during the early stages of Wave 5 development. Should this level hold, price action is likely to resume downward, completing Wave 5 within the projected target zone. Downside targets for Wave 5 completion are currently in the 4,700 to 4,600 range, aligning with a typical Fibonacci extension (0.618–1.0 of Wave 1 through Wave 3) and previous structure zones that may offer confluence.
Following Price structural patterns, we want to see X taken out to confirm a buy entry model.
“Most people hunt the kill. But the ones who build the terrain? They eat forever.” Purpose: Capitalize on clean trend support and structure with a low-cost entry that allows you to harvest premium before the breakout, and optionally tighten the structure to a butterfly when the breakout becomes likely. Base Strategy: Short Put Ratio Spread Example: +1 31P / -2 30P (AAAU) Entry credit: ~$1.44 Structure: 27 DTE, high POP (>99%) Reason: Price near support, low probability of hitting short strike Theta-driven profit engine with low directional pressure Conversion Strategy: Butterfly Overlay Trigger: Price begins to drift toward the short strike, or flag tightens near inflection Move: Buy 1 lower put (e.g., 29P) to convert ratio into butterfly Structure: +1 31P / -2 30P / +1 29P Result: Caps downside risk and tightens profit zone Exit: Max profit if price pins near short strike at expiry Psychology of the Setup: "Start with the house's money, then shape the bet." You’re not chasing the move — you’re pre-positioned. Use the casino’s chips (credit from wide ratio) to build structure that pays on drift, stall, or controlled breakout. Ideal Conditions: Price near clean structural support Flag forming above key moving average (e.g., 200D) IV elevated but not extreme No bid or low open interest on short leg = market not pricing breakdown Exit Scenarios: Full hold: Price stays above both strikes → keep full credit Mid-cycle flatten: Price begins drifting → convert to butterfly Spike or fail: Close early for partial gain, roll if needed Repeatability Score: ✅✅✅✅☆ This setup is ideal for weekly/monthly cycles, ETF swings, and earnings coil plays where clean structure exists.
Decided to just ignore all the noise and go back to the basics for this one. We got a classic ugly diamond bottom, a ton of volatility after a large price move followed by reduced volatility, some symmetry but there are bits that pop out of the pattern on both sides. Diamonds don't have to look perfect for them to be legit, this one is certainly no beauty and I was hesitating to call it one, but I think it is close enough. Measured moved for each side is 570 (up to the liberation day announcement) if there is a positive breakout, and 470 down to the next level of support if there is a negative breakout. Volume is declining from when we entered the diamond shape, which typically points to a bullish breakout. If we get positive tariff news this could definitely happen. Ultimately watch for a break of 520 for a bearish move and a break of 536 for a bullish move.
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (BNBUSDT 1D chart) https://www.tradingview.com/x/W8oDsqq3/ The HA-Low indicator on the 1D chart and the HA-High indicator on the 1W and 1M charts are formed in the 582.20-595.0 zone. Therefore, whether there is support near this zone is an important key point. The zone marked with a circle corresponds to the support and resistance zone. - In order to continue the uptrend, the price must be maintained above the M-Signal indicator on the 1W chart. Therefore, we need to check if the price is maintained above the Fibonacci ratio of 0.786 (617.42). - If it falls below 583.54 and shows resistance, 1st: 551.61-554.60 2nd: 522.02 3rd: 496.02 We need to check if it is supported near the 1st-3rd above. - However, in order to continue the mid- to long-term uptrend, the price must be maintained above the M-Signal indicator on the 1M chart. Therefore, it is especially important to check if there is support near 551.61-554.60 when falling. - The fact that the HA-Low indicator was created means that it rose from the low point range. The fact that the HA-High indicator was created means that it fell from the high point range. Since the HA-High indicator of the 1W and 1M charts is formed near the HA-Low indicator of the 1D chart, the 582.20-595.0 section corresponds to the high point section in the medium to long term. Therefore, if it rises, it can be interpreted that it has risen to the high point section in the medium to long term. A full-fledged upward trend, that is, a stepwise upward trend, is possible when the price is maintained above the HA-High indicator. - Since the HA-Low indicator of the 1D chart is formed, if it shows support near the HA-Low indicator, it is a short-term buying period. Therefore, even if it rises above 582.20-595.0, it is expected that it will be advantageous to conduct a transaction with a short and quick response. However, if it falls below the HA-Low indicator and maintains the price, there is a possibility that a stepwise downward trend will begin, so caution is required when trading. - To check if we have escaped this unstable situation, when the StochRSI indicator shows an upward trend below 50, it should show support near the HA-Low indicator. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - Here is an explanation of the big picture. I used TradingView's INDEX chart to check the entire range of BTC. I rewrote the previous chart to update it while touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10). (Previous BTCUSD 12M chart) https://www.tradingview.com/x/WBuhqVrT/ Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the upward trend is expected to continue until 2025. - (Current BTCUSD 12M chart) https://www.tradingview.com/x/z7KccUWy/ Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15). It is expected that it will not fall again below the Fibonacci ratio of 0.618 (44234.54). (BTCUSDT 12M chart) https://www.tradingview.com/x/qnPyNIaV/ Based on the BTCUSDT chart, I think it is around 42283.58. - I will explain it again with the BTCUSD chart. The Fibonacci ratio ranges marked in the green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges. In other words, it seems likely that they will act as volume profile ranges. Therefore, in order to break through these ranges upward, I think the point to watch is whether they can receive support and rise near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28). Therefore, the maximum rising range in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) range. In order to do that, we need to see if it is supported and rises near 2.618 (134018.28). https://www.tradingview.com/x/QXrexgiP/ If it falls after the bull market in 2025, we don't know how far it will fall, but based on the previous decline, we expect it to fall by about -60% to -70%. Therefore, if it starts to fall near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54). I will explain more details when the bear market starts. ------------------------------------------------------
Currently, the market is approaching the previous high (84994), favoring a “false breakout” pattern. 84200 although reasonable support, but the volatility is limited should be segmented take profit, such as to 84550 when the first flat 50%, the remaining single capital preservation tracking.
Textbook weekly bullish divergence formed on ondo Buying around 0.80 selling 1$ 2$ long term target 5$
BINANCE:LTCUSDT : Hey Traders, In today's session, we're keeping a close eye on LTC/USDT as it approaches the $77 area, a key support-turned-resistance zone. Litecoin recently broke below its previous uptrend, indicating a potential shift in momentum. It is now in a corrective phase, with price retracing back toward the broken trendline and horizontal resistance around $77. This level could act as a strong rejection zone, offering a potential selling opportunity if bearish confirmation shows up.
bullish_engulfing = close < open and close > open and close > open bearish_engulfing = close > open and close < open and close < open