Wave Analysis
BCH Breaks Structure – Wave C Target in Sight?BCHUSDT Update:
After weeks of slow movement, BCH is finally breaking above the key resistance zone—a level that has acted as a strong barrier multiple times in the past.
This breakout is significant because it aligns with multiple technical confirmations. The support trendline has held firmly, a higher low has been established, and the price has pushed upward from a well-defined area of confluence.
If this breakout sustains, there is a strong possibility of continuation toward the upper resistance zone, completing the projected wave structure. It’s important to monitor this closely, as a successful retest and follow-through could confirm the beginning of the next bullish phase.
Thank you for your precious time.
DFSM UNORTHODOX LONG TRADE (FOR ADVANCED TRADERS ONLY)15-06-2025DFSM Unorthodox Long Trade 15-06-2025 (FOR ADVANCED TRADERS ONLY)
Rationale: DFSM has recently shown a change of character from downtrend to uptrend and is currently in a spike phase. Given the momentum, an unorthodox buy call for advanced traders seems profitable.
🚨 TECHNICAL BUY CALL – DFSM🚨
Buying Strategy
- *Buy at Current Price*: Rs. 5.05
- *Additional Buying*: Buy on close of every day candle until it reaches Rs. 3.8 or crosses Rs. 5.6
- *TP 1*: Rs. 6.00
- *TP 2*: Rs. 6.4
*Stop Loss*: Below the lowest buying level
This unorthodox call is suited for advanced traders comfortable with accumulating positions based on daily candle closes and managing risk accordingly.
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
BUXL LONG TRADE/INVESTMENT CALL (SECOND STRIKE) 15-06-2025BUXL – Buy Call on 1W Time Frame (Second Strike) 15-06-2025
Past Price Action:
Since its listing on PSX in February 2013, BUXL has maintained a steady long-term uptrend. After a correction, the stock surged in June 2021, reaching Rs. 485. Following another pullback, it entered a weekly accumulation phase from December 2022.
BUXL Recent Price Action:
BUXL broke out of this consolidation with strong volume momentum, signaling renewed bullish potential. A bull flag formation was observed, with a peak at Rs. 216 before retracement.
✅ Our earlier call’s first target of Rs. 184 has been successfully achieved.
🚨 TECHNICAL BUY CALL – BUXL🚨
- Buy 1: Rs. 185 (CP)
- Buy 2: Around Rs. 150
- Buy 3: Rs. 124
- TP 1: Rs. 240
- TP 2: Rs. 284
- Long-term TP 1: Rs. 361
- Long-term TP 2: Rs. 427
- Long-term TP 3: Rs. 484 (previous all-time high)
- Extended Target: Rs. 584 (calculated through Fibonacci ratio extension)
- Stop Loss: Below Rs. 80
- Risk-Reward Ratio: 7.6
Caution: Please buy on levels in 3 parts. Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
EUR/USD Elliott Wave Outlook – Expanded Flat Playing Out?EUR/USD appears to be unfolding a classic expanded flat correction for wave (4):
Wave A formed as a 3-wave zigzag
Wave B retraced beyond the start of A — a key trait of expanded flats
Now looking for a 5-wave C-leg decline toward the 1.1122 – 1.1002 area
Aligned with 1.0–1.618 extensions of A
RSI + MACD divergence adds bearish confirmation at the B top
Potential bullish reversal zone into late June / early July
As long as price holds below the B high (~1.1650), the bearish path in wave C remains in play.
📍 Target zone: 1.1122–1.1002
📈 Bias: Bearish short-term, bullish long-term (wave 5 up next)
Projected Price Path (White Lines)showing technical analysis and a projected price path. Here’s a breakdown of what’s visible:
🔍 Chart Overview
Pair: EUR/USD
Timeframe: 4H (4-hour)
Current Price: ~1.15881
Date/Time: Around June 13, 2025, 3:47 AM (UTC+3)
🟩 Highlighted Zones
Upper Supply Zone (resistance area):
Around 1.15150 – 1.15300
Price previously reacted and broke above this zone.
Lower Demand Zone (support area):
Between 1.13600 – 1.13900
Price bounced from this level in the past.
Intermediate Zone (recent consolidation):
Around 1.14300 – 1.14500
Possibly an area of minor structure or reaccumulation.
📈 Price Action
Price made a strong bullish move, breaking through previous resistance zones.
Bearish pin bar (rejection wick) at the top suggests potential reversal or pullback.
🔮 Projected Price Path (White Lines)
The drawn projection suggests:
Short-term pullback, possibly to retest the 1.15300–1.15150 area.
A minor lower high forms.
Deeper drop expected toward the demand zone at 1.13800 or lower.
🧠 Analysis Implication
This is likely a swing trader’s roadmap, anticipating a reversal after an overextended move.
The analysis could be based on liquidity sweep above highs and return to structure.
NIFTY50.....Don't loose your panic!Hello Traders,
the NIFTY50 is trading within a range of 25116 to 24462 point range. This range began on May 15th and is ongoing 'til this week!
I have labelled this move as a wave 4!
Chart analysis:
If so to come, the next move should reach targets of roughly, 25574.90! Here, a wave 5 could end, or this was all of wave 1 of 5!
If the move is a wave 1 of 5, the targets are much higher for the coming 2-3 weeks ahead!
When it was all of wave 5 the next move would be a correction to the levels of 0.5 to 0.618 of the Fibo-retracements!
In any case, the advance is not over yet, and should last for a considerable amount of time!
If the index will exceed the former ATH @ 26277 points, here the risk is ascending for an end of an impulse!
But, step by step!
Due to the conflict between Israel and Iran, I recommend to step aside and wait for calm down the dispute in the coming days! Hopefully!
This conflict has the potential to set the region on fire!
In case of an escalation of this conflict, the risk would be really hard to forecast, but I guess the potential for a formidable crash is given!
Protect your tradingaccounts with suitable products to prevent the situation from escalating (sell calls, for example)!
I don't want to hear about anyone losing their entire trading account!
Have a great week.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
Two downward-sloping channels (drawn with parallel white lines) Chart Details
Pair: GBP/USD
Timeframe: 1H (1 Hour)
Platform: TradingView
Price at capture: ~1.36020
Indicators: EMA 50 is mentioned, though not visibly prominent.
📉
Technical Analysis
Descending Channels: Two downward-sloping channels (drawn with parallel white lines) show past bearish movements.
Breakout: The price has broken out upwards from the latest descending channel, indicating a bullish impulse.
Supply Zone (Red Box):
Ranges between 1.36104 and 1.36233.
Likely a resistance/sell zone, where price is expected to reverse.
Demand Zone (Green Box):
Starts below the supply zone and represents a potential target zone for shorts.
Trade setup suggests entering a short position after a potential wick or touch into the red zone.
Projected Path (White Line):
Shows an anticipated bearish move after tapping into the red zone.
Suggests a short trade targeting the 1.34322 region (lower green box), potentially a support zone.
✅
Conclusion
The trader is expecting:
A short opportunity after a potential rejection from the 1.3610–1.3623 resistance area.
A move downward toward the 1.3432 level.
Chart Pattern: Ascending Channel / Rising WedgeChart Analysis Breakdown
:
Price Channel (Ascending):
A rising wedge or ascending channel is drawn, showing higher highs and higher lows.
The upper and lower white trendlines are converging slightly, suggesting a potential breakout or breakdown soon.
Key Support and Resistance Zones:
Orange Resistance Zone (Top Left): Marked as a supply zone where price previously reversed (around 3,420–3,430).
Orange Support Zone (Bottom Center): Around 3,320–3,330, possibly acting as demand or a retest area.
Price Levels (Right Scale):
Current price is around 3,386.36.
Several price markers are noted (green for potential bullish targets, red for bearish zones).
Projections/Scenarios (White Arrows):
Bullish Scenario: Price breaks above the upper channel line and targets levels like 3,423 or 3,440.
Bearish Scenario: Price fails at resistance, retraces back to the support zone, possibly to 3,360 or lower (near 3,320 zone).
EMA 50 (Blue Line):
An EMA (Exponential Moving Average) is lightly visible and used for trend confirmation. Price is currently above it, indicating bullish bias.
Other Chart Elements:
Time shown is UTC+3.
The local weather is 30°C and hazy.
Timestamp: June 13, 2025, at 1:35 AM.
📈 Interpretation:
The chart suggests a watch for breakout scenario in XAUUSD:
If price sustains above the rising channel, it could rally further.
If it breaks below, look for a retest of the 3,320–3,330 zone.
GASUSDT UPDATE
Pattern: Falling Wedge Breakout
Current Price: \$2.962
Target Price: \$3.70
Target % Gain: 20.27%
Technical Analysis: GAS has broken out of a falling wedge on the 4H chart, signaling bullish momentum. Price is retesting the breakout zone with a potential push towards \$3.70. Volume support and structure indicate continuation.
Time Frame: 4H
Risk Management Tip: Always use proper risk management.
Support (Demand Zone): Around $90,000 — the projected downside .✅ Current Market Structure:
We’re seeing lower highs and lower lows, which typically signals a downtrend.
The price recently fell from a resistance zone (marked in green) near $110,000.
Currently, we’re bouncing upward (forming a small correction) before a potential further drop.
✅ Key Levels:
Resistance (Supply Zone): Around $108,000–$111,000 — strong selling pressure here.
Support (Demand Zone): Around $90,000 — the projected downside target.
The price might break down toward that $90,000 range after a small upward correction.
✅ Expected Scenario:
The price may rebound toward $106,000 or even up toward $108,000 (forming a lower high), then reverse and continue its descent toward $100,000, and ultimately toward $90,000.
This forms a zig-zag down — a classical downtrend structure with lower tops and lower bottoms.
✨ If you’d like, I can:
Provide entry, stop-loss, and take-profit for a short trade.
Perform a more granular technical analysis with indicators (RSI, MACD, or Fibonacci).
Elliott Wave Analysis – XAUUSD June 16, 2025
🌀 Elliott Wave Structure
On the H1 timeframe, price is forming a 5-wave structure (1) (2) (3) (4) (5) in green, with the market currently in wave 4.
Last Friday, after breaking above the 3444 high, price failed to continue toward 3482 and instead reversed lower. This behavior suggests that wave 4 is developing as a Flat correction in black abc structure.
👉 Based on this outlook, wave c is expected to complete around 3314, marking the end of wave 4 in green. From there, a bullish impulse is anticipated to complete wave 5.
🔎 Momentum Overview
D1 timeframe: Momentum is rising → indicating the dominant trend for early this week is likely bullish.
H4 timeframe: Momentum is declining → supporting the scenario that wave c of wave 4 may still have one more leg down.
H1 timeframe: Momentum is about to turn downward → suggesting a potential drop during the Asian session on Monday.
🚨 However, ongoing geopolitical tensions in the Middle East could trigger unexpected price spikes, especially during the Asian session.
📈 Trade Plan
Buy Zone: 3415 – 3412
Stop Loss: 3405
Take Profit 1: 3444
Take Profit 2: 3482
#SQT/USDT#SQT
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We are seeing a bounce from the lower boundary of the descending channel. This support is at 0.001278.
We have a downtrend on the RSI indicator that is about to break and retest, which supports the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 0.0001298
First target: 0.0013189
Second target: 0.001352
Third target: 0.001390
#SOL/USDT#SOL
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move by breaking it upward.
We have a support area at the lower limit of the channel at 148, acting as strong support from which the price can rebound.
Entry price: 153
First target: 156
Second target: 159
Third target: 162
#HOT/USDT#HOT
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.
We are experiencing a rebound from the lower boundary of the descending channel. This support is at 000873.
We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend.
We are in a trend of consolidation above the 100 moving average.
Entry price: 0.000888
First target: 0.000910
Second target: 0.000933
Third target: 0.000958
US500 Will Fall! Short!
Here is our detailed technical review for US500.
Time Frame: 10h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 5,979.56.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 5,838.14 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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AUDJPY Will Go Lower From Resistance! Sell!
Take a look at our analysis for AUDJPY.
Time Frame: 30m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 93.507.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 93.232 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
#HOT/USDT#HOT
The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support area at the lower boundary of the channel at 0.000945, acting as strong support from which the price can rebound.
Entry price: 0.000948
First target: 0.000984
Second target: 0.000998
Third target: 0.001020
US30 BULLISH BIAS RIGHT NOW| LONG
US30 SIGNAL
Trade Direction: short
Entry Level: 42,200.7
Target Level: 42,556.5
Stop Loss: 41,963.5
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 6h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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