Price -25% correction, Failed breakdonw the previous ATH 64 resistance now support. Can be interesting seen the price above the 70 and holdign for a swing trade coming the market momentum
The chart provides an excellent application of the **Gann Square of 9**, highlighting critical price and time relationships. Let’s break down the analysis and key observations based on the setup. --- #### **Key Observations from the Chart** 1. **Central Pivot (198.942)**: - The pivot level at 198.942 acts as the starting reference point for price projections. - The Gann Square radiates angles (45°, 90°, 135°, etc.) to identify future support and resistance levels. 2. **Significant Angles**: - **45° (196.718)**: This was tested as a key resistance before the market shifted downward. - **90° (194.506)**: The price broke below this level, confirming it as a resistance. - **180° (190.121)**: Currently acting as support, the price is consolidating near this level. 3. **Downtrend Guidance**: - The price appears to respect the geometric lines, moving along the 45° and 90° downward angles, suggesting a structured downtrend. - Future price action will likely test the lower levels at 225° (187.947) and 270° (185.786). 4. **Time Cycles**: - Vertical lines in the chart indicate Gann time cycles, potentially predicting reversals or continuation. - The key date to watch seems to be **around January 20th** for a possible shift in momentum. --- #### **Potential Scenarios** 1. **Bearish Continuation**: - If the price breaks below the **180° support (190.121)**, it is likely to test the **225° (187.947)** and even the **270° (185.786)** levels. - This would confirm the ongoing downtrend. 2. **Bullish Reversal**: - A strong bounce from the **180° level** could see the price attempting to reclaim **194.506 (90°)**, followed by the **196.718 (45°)** resistance zone. 3. **Time Factor**: - Watch the upcoming vertical time markers for confirmation of turning points, especially near key angles. --- #### **Conclusion** The Gann Square of 9 provides a structured framework for understanding price action in GBP/JPY. With the **198.942 pivot** as the starting point, the tool successfully highlights key price levels and time cycles. For traders, the next steps should focus on: - Monitoring the **180° level (190.121)** for either a breakout or a bounce. - Keeping an eye on time markers for potential shifts in momentum. As always, combine the Gann tool with other indicators like trendlines or Fibonacci retracements to increase reliability. --- Extra : Gann Grid my way: https://www.tradingview.com/chart/GBPJPY/Ib74sfF2-Grid/ **Disclaimer**: This analysis is for informational purposes only and not financial advice. Always perform your own research before trading. Feel free to Comment and share Wish you good luck! ?
Analyst Projections: CoinPriceForecast: Predicts GME reaching $45 by the end of 2025, suggesting a potential increase from its current price. Longforecast.com: Estimates GME's price in June 2025 to range between $27.67 and $32.49, indicating modest growth. ExlaResources.com: Projects GME starting at approximately $25 in January 2025 and potentially reaching between $36 and $60 by year's end. Considerations: Market Sentiment: GME's stock has experienced volatility, often influenced by social media and retail investor activity. For instance, a recent tweet by Keith Gill, known as "Roaring Kitty," led to a notable surge in GME's stock price. Business Fundamentals: Analysts express concerns about GameStop's core business profitability. Wedbush analyst Michael Pachter notes the company lacks a viable strategy to leverage its cash reserves for new ventures, especially after unsuccessful attempts like the NFT business. Conclusion: While some forecasts suggest potential growth for GME by 2025, the company's future performance is uncertain due to market volatility and challenges in its core business operations. Investors should conduct thorough research and consider their risk tolerance before making investment decisions regarding GameStop.
The upside reversal is shifting into higher gear. The breakout of the trigger level of 21.60 is happening right now. If confirmed, this would be a string indication that price action is ready for the next phase of this current bullish cycle. We have fired off a new bullish campaign, targeting the big key-level resistance of $25.60
This is how I see the precious metals and oil bull market most likely playing out. I believe we are at the equivalent of where the vertical red dotted line is. Oil outperforms precious metals (Gold, Silver, Platinum and Palladium) until Q3 2027 to Q4 2028. - approximately. That will be wave 3 of 5 for Oil. At the end of wave 3 - Oil will likely be priced between $250-400. Oil then starts it’s wave 4 retracement. While Oil ends wave 3, Silver will likely be in the $35-50 range. Likely closer to $50 and also coming to the end of a consolidation after already reaching approx $50 several months earlier. Then while Oil does wave 4, Silver will have an explosive move above $50 to somewhere into the $125 - 200 range. This will coincide with the Oil/Silver ratio breaking down from approx 6-7. Red zone marking expensive Oil, Green zone marking cheap Oil. After Oil completes wave 4 it will then go on to make wave 5 and peak somewhere in the $400-600 range. Once Oil peaks, Silver will start it’s wave 5 move and peak in the $300-600 range. As for Platinum, it might peak at the same time as Oil like it did last time in 2008. Gold and Silver peaked 3 years later in 2011. So it might peak at the same time Silver and Gold do. I also expect Silver and Platinum to outperform Gold which is why I’m not including it here. The purple vertical dotted line marks roughly when I think the Oil to Silver ratio will peak and when Silver starts it’s explosive break above $50.
NASDAQ:CORZ A Possible Leading Diagonal As Wave A Correcting down in wave A looks well to taking shape in an expanding diagonal which Its fourth wave is still in progress.. then it will likely be followed by decline of its fifth wave in Minute degree. #CryptoStocks #CORZ #BTC #BTCMining #ElliottWave #WaveAnalysis #ChartPattern #TrendAnalysis #ElliottChart
DAX30 is now net long bias - the CAC40 is also long. It appears the European Index's are building
Let me explain first.. I am very positive with Bitcoin, and i do believe it will reach to 200k to 300k in 3 years span. But for now, as the chart showing BTCUSD tested the resistance, a very solid trendline, also 78.6% fibo retracement up from the previous drop, and the psychological level of 100k, I AM SHORTING BITCOIN NOW.. Target 1: 97000 Target 2: 95000 Target 3: 89000
Chart speaks for itself. 156 is a formidable support level. Unlikely to find support there again if it tests that level again. Good for a quick trade down to 154.400
CAD/JPY has broken the uptrend regression channel and is now net short. US$ is turning across a number of pairs, however volatility is due to arrive on the 20th with the start of Trump Presidency