S&P 500 Short Update 2: Shifting wave degreeHi all,
As I explained in this video, the previous idea was invalidated because of an issue with "degree" of wave that a fellow watcher of my idea rightly pointed out in the comments section. I did the change on this video and explain the mistake I made in the previous idea.
In this video, I also talked about the last wave, how it can still be the peak but on the bigger picture, it is still too small compared to wave 1 and 3.
I then recommend 3 "safer" entry points:
1. One reversion trade at the top of the trendline.
2. One breakdown from the diagonal trendline.
3. One breakdown from the 4th wave support price.
Which entry point(s) you choose depends on your personal preference and opportunity. The stop will be above where you identify as the peak at your point of entry.
Good luck!
Wave Analysis
DXY Support Ahead! Buy!
Hello,Traders!
DXY keeps going down
But the strong horizontal
Support is ahead around 98.000
So after the price hit the level
We will be expecting a
Local rebound and a move up
Buy!
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GOLD → Strengthening and return to range. Focus on 3340FX:XAUUSD is forming a fairly strong support zone (a cascade within an upward line). The price is returning to the range, with bulls storming 3330-3340.
Markets are awaiting US inflation data (CPI), which may affect expectations for a Fed rate cut in September (chances are about 52%). Optimism following progress in US-China trade talks is supporting sentiment, but uncertainty remains due to a court ruling allowing Trump to maintain tariffs. This is holding back the dollar and helping gold. CPI forecast: 0.2% growth, core inflation 0.3%. Lower inflation, on the other hand, will support expectations of lower rates and strengthen demand for gold as a safe-haven asset.
Technically, gold is stuck between the boundaries of a symmetrical triangle. Overall, this situation is reflected in all markets. Consolidation is forming and the price could break out in either direction...
Support levels: 3301, 3330, 3340
Resistance levels: 3349, 3361, 3375
Focus on the boundaries of the previous range - 3330 - 3340. If the bulls, after the assault, manage to hold their ground above this zone, the market may take the initiative due to support and continue its growth towards areas of interest.
Best regards, R. Linda!
SOONUSDT → The coin that gets killed...BINANCE:SOONUSDT.P is under pressure. The coin looks extremely weak against the backdrop of a bullish market, with key support ahead, separating traders from the panic zone and a sharp decline
This coin is being killed. The price is gradually consolidating and compressing before support - the trigger is 0.2332. Against the backdrop of the overall decline that the market has experienced after a slight impulse from 0.2332, shocks are forming with the aim of capturing liquidity (red check marks). This generally indicates that large players are gathering a bearish position. A breakout of the risk zone will trigger panic and distribution.
Against the backdrop of growth in Bitcoin and the top 10 cryptocurrencies (bull market), the SOON coin is gradually declining and contracting towards key support, which could be broken accompanied by strong sell-offs.
Resistance levels: 0.2478, 0.25777
Support levels: 0.2332
If the coin continues to contract towards the 0.2332 support and form a pre-breakdown consolidation, there will be little chance of survival. In the short and medium term, I expect prices to fall.
Best regards, R. Linda!
AUDUSD → Correction after a false breakout before growthFX:XAUUSD continues to rise amid uncertainty surrounding the dollar, which continues to consolidate. The currency pair is preparing to test resistance at 0.6537
The dollar is stuck in place due to market uncertainty. At the same time, the Australian dollar is strengthening and is ready to test the liquidity zone
Within the current trend, the currency pair is heading towards resistance and the liquidity zone. We opened far away, and as we move towards the target, the potential for further growth may end. A false breakout of 0.6537 could trigger a correction
Resistance levels: 0.6537
Support levels: 0.6509, 0.6479
A sharp move towards resistance without the possibility of further growth could cause a false breakout of 0.6537. Price consolidation below this level could trigger a correction before growth.
Best regards, R. Linda!
WULF / 2hAccording to the NASDAQ:WULF 's prior analysis, the retracement up in wave (b) of an ongoing flat correction as wave b(circled) was over at 4.65.
Now, a further decline by 21% of an impulsive wave (c) lies ahead.
The anticipated targets >> 3.45 >> 3.20
#CryptoStocks #WULF #BTCMining #Bitcoin #BTC
Gold Intraday Trading Plan 6/12/2025Gold indeed rejected from 3350 yesterday and technically formed pattern for bearish path. However, due to fundamentals, it quickly reversed and broke 3350 resistance. This is how uncertain the market is. But it did follow my weekly view. Therefore, I am switching back to bullish view on gold for the rest of the week.
I will look for buying opportunity when it retest 3350. Target for today will be 3400.
$MGC (Gold) Pos-Market Update - June 11, 2025Huge moves happening on gold, price is now in a level in which it could invalidate our ABC scenario. At this moment, I'm not changing my bias. I would like to see a break above that 3397.5 level before that happens.
- Key levels: 3397.5, 3387.6, 3372.8, 3366.7, 3339.7
AUDCHFAUDCHF
This is my ORB strategy,
Been testing it out for a while and I like to think I do it different to others
All I’m waiting for is for price to come back to retest this area
And target lows of last week.
I still think I have more work to do with this but progressing really well.
Let me know what you think
RIOT / 2hNASDAQ:RIOT
The leading diagonal in Intermediate degree wave (1) should have been done. And its correction in the same-degree wave (2) may have begun its way down.
Trend Analysis >> The Intermediate degree trend is turning down. And it might be a relatively deep retracement that takes a few weeks to develop.
The retracement targets >> 8.20 >> 7.67
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
GBPUSD - ShortWe are looking for short positions on this trade as we are still trading within the downtrend.
We could see the market break a bit to the downside if the markets break the 1.20500 area and start to head towards the 1.19000 area and possibly the 1.18500 area.
Note: please do your own analysis before entering the position.
If you are looking to enter the market, drop down to a lower TF and wait for your confirmations to be met before entering, using the correct risk management.
Risk:Reward - 1:10
Trading For All | All For Trading
Kevin Capital
CLSK / 2hNASDAQ:CLSK
The retrace up in wave (x) of the correcting down in wave ii(circled) should be over, and the following decline of its same degree wave (y) may have started its way down. So, the short-term bearish case remains intact.
The Retracement Targets >> 7.93 >> 7.84
#CryptoStocks #CLSK #BTCMining #Bitcoin #BTC
Mantra (OM) Coin – Key Fibonacci Levels & Cycle InsightCurrent Technical Levels (Support Zones):
0.2525 – Strong Resistance
0.2237 – Minor Resistance / Potential Flip Zone
0.1813 – Key Support
0.1669 – Deep Pullback Level
0.1518 – Final Guard Support
0.0991 – Extreme Support (High-Risk Reversal Zone)
Cycle Timing:
Next Key Date: After 14-day cycle completion
Watch for price reaction and reversal structure near major levels.
Historical patterns suggest market tends to shift direction after the second level is broken.
Technical Outlook:
Fibonacci levels are drawn on the higher time frame to capture broader structure.
Lower time frame candles may show early breakouts, but true confirmation often occurs only after second-level violation.
Patience and timing are critical — wait for price rejection or confirmation near major zones.
Enter the Trade After Trendline Breakout
GBP-NZD Resistance Ahead! Sell!
Hello,Traders!
GBP-NZD keeps growing
But the pair will soon hit
A horizontal resistance
Level above at 2.2540
So after the retest we
Will be expecting a
Local bearish pullback
Sell!
Comment and subscribe to help us grow!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
2025-06-11 - priceactiontds - daily update - daxGood Evening and I hope you are well.
comment: Much more reasons to buy below 23900 than to sell. I do think bulls showed strength today by printing 24193 and this could become a lower low, major trend reversal. Long stops have to be 23750 but there is decent chance could get there as well. I still think they will fail at the gap again and market will close the week closer to 24000 than to 23800. Anything above 24200 tomorrow would be a huge bull surprise and could lead to 24500 again.
current market cycle: broad bull channel
key levels: 23700 - 24500
bull case: Bulls need to keep this a higher low if they want 24500 again. Bulls see the 4 legs down and with today’s huge bull spike, they are likely confident that buying down here is great value. R:R is on their side since the upside is 700 points but they maybe have to risk 200. They reason that what bears wants to sell down here at huge prior support, the bull trend line and the open gap to 23750. Don’t be too early and wait for strong momentum to join.
Invalidation is below 23700.
bear case: Bears outdid themselves for 3 days now, compared to the price action the weeks before. But what now? Big support below us and who wants to sell this? If they see a strong 15m or 1h bar tomorrow, they just have to give up. If they don’t it likely means opex forces institutions to keep the market below 23900 because options need to expire worthless. I would never sell down here. If it goes to 23500, so be it.
Invalidation is above 24550.
short term: Neutral but waiting only for bulls to come around. I think 24200 is much more likely than 23500.
medium-long term from 2025-05-25: My rough guess from early May was down over the summer and up into year end. POTUS certainly helped with the 50% tariffs. I need to see market reaction next week and if there is no 180° reversal until Friday, they will become reality the week after and dax should do 20-30% down over the next months. Markets were not positioned for any risk what so ever. Now we got the atomic trade bomb.
trade of the day: Buying the strong 1hm bull bar 2 hours before EU opened or selling the news spike up to 24193. Both were easy to spot and went for many points without testing above the signal bar.