1️⃣ Fibonacci Targets for Wave C Completion Wave C in an ABC correction typically extends to key Fibonacci levels derived from Wave A: 1.000 Fib Extension (~$2.851) → Most common Wave C completion target. 1.236 Fib Extension (~$4.049) → Stronger bearish momentum may push towards this level. 1.382 Fib Extension (~$5.031) → Overextended correction possibility. 1.618 Fib Extension (~$6.144) → Rare but possible deep Wave C completion. ? Interpretation: These levels represent potential Wave C termination zones where price might find support before transitioning into a new wave structure. 2️⃣ Fibonacci Retracement Levels for Wave C Support Zones If the downward correction deepens, these retracement levels act as critical support: 0.618 Fib Retracement (~$0.614) – First deep corrective support, price may attempt a bounce here. 1.236 Fib Retracement (~$0.723) – Key structure validation level, break below signals further downside. 1.382 Fib Retracement (~$0.579) – Final support zone before significant breakdown risk. ? Interpretation: A rebound from these levels would support Wave C completion, whereas failure to hold them could indicate prolonged bearish pressure. 3️⃣ Elliott Wave Structure & Wave C Confirmation Bullish Reversal Conditions For Wave C to complete and initiate a reversal, the following must happen: Price must break above the 1.000 Fib Extension ($2.851) to signal bullish intent. Volume confirmation: A significant increase in buying volume at key support levels. MACD bullish crossover on mid to high timeframes (1D/4H). Bearish Risk Factors Failure to hold $0.614 → Signals continued bearish control. MACD remains bearish → No confirmation of trend reversal. No breakout above $2.851 → Suggests deeper downside risk. ? Key Reversal Confirmation: ✅ Break above $2.851 → End of Wave C, potential trend shift. ❌ Close below $0.579 → Signals extended correction or potential new bearish trend. 4️⃣ Why Wave 5 is Unlikely A potential Wave 5 scenario would require: A break above $4.880 (prior resistance) to confirm a new bullish impulse. Strong volume and momentum continuation beyond $5.551, $8.43, and $15.347. ? Low Probability Factors for Wave 5: Lack of impulsive wave structure beyond Wave C extension. Price structure still following corrective ABC movement. No clear wave formation beyond the corrective phase. ? Conclusion: Wave 5 is not highly likely unless a breakout above $4.880 occurs, triggering further impulse movement. 5️⃣ Conclusion & Trade Considerations ✅ Primary Scenario (Wave C Completion) Wave C Targets: $2.851, $4.049, $5.031, $6.144. Support Zones: $0.614, $0.723, $0.579. Reversal Confirmation: Break above $2.851 needed to validate end of correction. ❌ Low Probability Scenario (Wave 5) Invalid unless $4.880 breaks with volume. Target zones for Wave 5: $5.551, $8.43, $15.347. Failure to break key levels = no wave 5. ? Trade Strategy Considerations: Look for long entries near Wave C completion zones ($2.851 - $0.614). Monitor volume & RSI for bullish divergence before confirming trades. Avoid premature entries until clear reversal signs emerge.
Sui / SUIUSD is reversing this week into green territory and if the 1week candle closes in gains, it will be a strong bullish signal as it would have rebounded just over the 1week MA50. The pattern is a Channel Up for this Cycle, pushing the price slowly but steadily upwards. Like the April 8th 2024 pull back, this week's correction almost touched the 0.5 Fibonacci retracement level, posting a symmetric 1week RSI pattern. As long as the 1week MA50 continues to hold, we expect the new bullish wave of the Channel Up to start. Since the December 30th high was on the 1.5 Fib extension, we believe the next one, which will most likely be the Cycle's Top, will also be on that level. Buy and target 12.000. Follow us, like the idea and leave a comment below!!
2/4/25 :: VROCKSTAR :: NASDAQ:MTCH Enticing but swipe left - nearly 8% fcf and awesome mgns get my attention, nevermind what looks like depressed YoY expectations this year - realistically, i'd not short the thing... don't like the debt, don't use the product (thank god), but i get it, this is what ppl do these days and it's a super useful service - does brandon's economy keep people from buying premium subscriptions, picking less dates? again, perhaps an interest barometer for the economy here. i'm not going to flip coin after doing that on googl and snap (longs) into print (and avoiding AMD - but i'll be watching from the sidelines and wish you the best - the speech will be the key!) ONE THING i did just do quickly which might be interesting for you is to see this chart of "snapchat" vs "tinder" on google trends over a long time horizon. interestingly the growth of snap's search interest started when tinder's started to decline. could it be that the youngsters are now meeting on snap - and snap is becoming more a dating platform?? perhaps just a weird data that means nothing. but worth a look! reminds me of when shein and temu were taking a lot of share in retail going back a few years... and tik tok was eating insta for some time. i noticed similar trends in google search data: here it is: https://trends.google.com/trends/explore?date=all&q=snapchat,tinder&hl=en am i just stir crazy ahead of uber? V
This is my idea,, and analysis about STMX. There so no confirmation to inter until now , but we need to see divergence + also RSI above 45 with strong movement up , if the price go down this is will be good to buy from the bottom, don’t Rush to buy , wait from confirmation from other indicators that your using always . Keep your eye on it , there is no signal to buy now , but soon will be. This is my first analysis here i hope you like it and good luck. I will update it later if i saw some interesting people and followers.
I read the energy in stocks and the market with my dowsing. Short and sweet, last week I asked what might make a lot of money & to pay attention to & from a short list of stocks, I got AMD and the "crash" option. I still have negative energy in it as of now & get to sell rallies. It may be down 16-20% over the next couple/few days. Or, I could be completely wrong, of course. We will see.
? NZD/USD – "Kiwi Surge: Elliott Wave Roadmap" ? Hello traders! Today, we’re diving deep into the Elliott Wave structure of NZD/USD (Kiwi). If you're trading AUD/USD, you'll notice how both pairs move similarly against the US Dollar. Currently, NZD/USD has completed a major corrective phase, and we're at a potential turning point where an impulsive bullish wave could take shape. Let's break it down! ? Elliott Wave Breakdown: ✅ Macro Perspective: 1️⃣ The long-term structure suggests a corrective ABC pattern has completed, with Wave C reaching exhaustion. 2️⃣ A potential bullish impulse could now begin, with early confirmation levels. 3️⃣ The key trendline resistance must break to validate the bullish scenario. ? Bullish Scenarios: ? Scenario 1 – Aggressive Bullish Idea: ✔️ A five-wave impulse should form from the current lows. ✔️ Breaking 0.5726 – 0.6039 confirms an early trend reversal. ✔️ First target: 0.6150 – 0.6540 (Wave C Projection). ✔️ A clear impulse structure in lower timeframes will add confirmation. ? Scenario 2 – Conservative Bullish Idea: ✔️ If a corrective pullback occurs, it must hold above 0.5511 (Wave C low) to stay valid. ✔️ A three-wave correction (ABC) before five impulsive waves. ✔️ Breakout level: 0.6039, signaling a sustained uptrend. ? Bearish Invalidations: ❌ If price breaks below 0.5511, the corrective structure could extend further. ❌ Failure to break trendline resistance = continued range-bound movement. ? Final Thought: ? NZD/USD is at a critical inflection point. If the current wave count is correct, we could see a major rally similar to previous Elliott Wave patterns. Watch for confirmation signals—especially a strong five-wave structure on lower timeframes! ? What’s Your Bias? ? Will NZD/USD follow through with the bullish scenario or remain corrective? Comment below! ✅ Like & Share for more in-depth Elliott Wave insights! ??
2/4/25 :: VROCKSTAR :: NYSE:SNAP r/r +ve, this one's always volatile - every EPS season i like to see a week or two of pitches and then it's clear what the "theme is". it's a game i like to play - while so many names have yet to report, anything that's pure software, somewhat consumer exposed and not a total loser (as in... it's a decent cap, still has engagement, generates cash etc. etc.) has tended to do pretty well - admittedly i've always rated zuck more as a leader, but evan's still at the helm and now cheaper inference could be the unlock to these margins and/or offer something interesting for mgmt to chat about - while it's not "pure" FCF (some SBC to be aware), 5% isn't bad for a name that's growing DD+ and is highly volatile. it's also a reasonably scarce internet property as it's sticky messaging vs. feed-only. i do think they have still to define the ultimate mission, which keeps me watching, always... for seemingly years (since 2017 i've followed this Q by Q) - anyway - this is bound to be up or down at least 10% in this tape, maybe more. calls offer better risk/reward given tape likes software per above, ad trends +ve should be a spray and pray benefit to most stonks (partially why i'm nibbling googl as well into results - go read that) - a loss here will be a paper cut, but i think the setup at 6/10 is good enough for a small punt (5 bps into print for weeklies) whatchu think anon? am i getting a lil too cray cray ahead of uber results tmr AM which is my bigger fish? V
OANDA:XAUUSD Is currently in a bearish flag channel after reaching a record high with investors flocking to safe haven assets amidst fiscal issues. A rising wedge pattern has formed within this channel. This pattern is a bearish pattern signifying a reversal. This bearish confirmation (rising wedge) within a bearish flag is confirmation of a potential move to the downside. *This is not financial advice and should not be regarded as such. This is merely the idea of the author.
GBPJPY is trading inside a Triangle pattern with the price starting a rebound yesterday on its bottom. A crossing over the MA200 (4h) confirms the bullish extension. The previous bullish wave surpassed the 0.786 Fibonacci to price a High at the top. Trading Plan: 1. Buy on the current market price. Targets: 1. 196.900 (0.786 Fib). Tips: 1. The RSI (4h) is on the exact same levels as December 4th. That was also at the start of the previous bullish wave. Please like, follow and comment!!
Please refer to the video that I just published to better understand this idea. But, my idea is, GBPUSD at the moment hasn't really given a clear directional bias. We were previously following the bearish internal structure (4hrs and 1HR) but Yesterday we gapped tapping into a daily (4H and 1HR) demand zone. Then immediately shooting and causing an internal trend change as illustrated on the chart. The reason why I support selling the GBPUSD at the moment (I actually think is the strongest outcome) is based on the simple fact that we expect a pullback after every break of structure. We have three zones to consider that may initiate the pullback as illustrated above. As such, we keep our eyes open, but even as we sell, at the moment I wouldn't be too ambitious with the sell targets.