AUDCAD in bullish trend showing bearish Diversions, Entry with sell stop
Unfortunately so far it looks like BTC is forming a bullish consolidation range (bull flag/pennant) on month timeframe. I don't like that scenario as it leads to very choppy and bloody spring and summer, all the way till quarter 4 when BTC finally breakout. But I still have full confidence in my cycles chart. Forth quarter will be epically bullish . https://www.tradingview.com/x/cPESCWrj/
This chart shows how Solana (SOL) follows market cycles, long periods of low prices (accumulation) before big price spikes (breakouts). - We’re in a similar phase to 2021, just before SOL’s last huge rally. - $500 and $750 are key resistance levels—breaking them could send SOL much higher. - Alt & Meme Season matters—when memes pump, demand for SOL rises. - Bitcoin’s bull run is key, when BTC moves up again, SOL will likely follow fast. - Price could rise quickly past $1,000 once key levels break.
Market Overview: The AUD/CAD pair is currently forming a rising wedge pattern, a bearish signal indicating a potential breakdown. The price is consolidating within support and resistance levels, showing signs of weakening momentum. Key Technical Observations: ? Rising Wedge Pattern: The price is making higher highs (HH) and higher lows (HL), but the structure is narrowing, indicating a potential breakdown. ? Neckline Support: The key level to watch is 0.8990—a break below this support will confirm the bearish move. ? Breakout Confirmation: A break below the neckline will trigger a strong downside move, confirming the wedge breakdown. Trade Setup: ? Sell Stop Entry: 0.8990 (Below neckline support) ? Stop Loss: 0.9036 (Above resistance) ? Take Profit 1: 0.8944 ? Take Profit 2: 0.8898 Trading Plan: ✅ If the price breaks below the neckline at 0.8990, a sell stop order will be triggered. ✅ A stop loss is placed above the recent resistance at 0.9036 to minimize risk. ✅ If the price reaches TP-1 (0.8944), consider securing partial profits and adjusting the stop loss. ✅ A further decline towards TP-2 (0.8898) is expected if momentum continues. ? Conclusion: A breakdown from this wedge structure could lead to a strong bearish move. Traders should wait for confirmation below 0.8990 before entering the trade. ? Stay disciplined & trade with a strategy! ?
Gold's bullish momentum is encountering strong resistance at the 2938–2943 zone, signaling a potential short-term trend break. A failure to hold within the rising channel could trigger a pullback towards the short-term target at 2927, with deeper mid-term targets at 2918 and 2909. RSI is showing weakening momentum—will bears take control? Watch for confirmation!
Short-term Elliott Wave outlook for Gold (XAUUSD) suggests that, The 5th Long Wave has been Completed: This marks the end of an impulsive uptrend. Gold is now transitioning into a corrective phase. Current Move: 5th to A Wave in ABC Correction Wave A is unfolding, which is expected to be a 5-wave impulsive decline. Target: $2900, which would complete Wave A. Expect a sharp downside move towards this level. Volatile Zone Ahead: Wave A to B transition is indecisive but impulsive, meaning both buyers and sellers will be active. A to B could retrace part of A, creating whipsaws before a final C wave drop. Key Price Levels to Watch: Immediate Resistance: Near recent highs (~$2,940 - $2,960). Support for A Wave Completion: Around $2,900. If A-B reversal starts: Expect a bounce towards $2,920-$2,930 before a potential final C leg lower. Strategy & Considerations: Short-term traders: May look for selling opportunities on retracements if momentum aligns. Volatility Expected: Since A-to-B is indecisive but impulsive, wide price swings are likely. Confirmation Needed: A break below $2,900 with volume would confirm deeper downside potential. Conclusion on Gold (XAUUSD) Short-Term Elliott Wave Analysis - Gold has completed its 5th long wave and is now in a corrective ABC phase. Currently, it is forming Wave A, which is expected to be a sharp 5-wave impulsive decline, likely targeting $2,900. This phase is typically volatile, with indecisive but strong price swings as the market transitions from Wave A to B. If Gold reaches $2,900, expect a temporary bounce (Wave B) before the final C wave determines the next major direction. Traders should monitor key support at $2,900 and watch for potential retracement towards $2,920-$2,930 before further downside continuation.
Hi traders, MarKet is bullish 4h and here at an excellent order block with significant bears exhaustion. Had it been the market is promising, I would've invested all I have here. Trade with minimal risk. Good luck. Not for financial purposes please.
According to the created pattern and the right time for settlement, we can have a good drop ENTRY:96200_105244 SL:115145 TP:57103
SOL - after 45% drop time for some rise best place for long is at 164 area wit a target 1st VWAp dev
Big timeframe is bearish, so I was looking for shorts. On my entry, the SL was above the FVG that was formed by the reaction to the IFVG, and my take profit was at the first sell-side liquidity.