If you haven`t sold SQ before the previous earnings: Then analyzing the options chain and the chart patterns of PSQ Block prior to the earnings report this week, I would consider purchasing the 72.50usd strike price Puts with an expiration date of 2024-6-21, for a premium of approximately $5.25. If these options prove to be profitable prior to the earnings...
After reaching the all-time high in mid-April, OANDA:XAUUSD , as normal, began to correct lower. As I correctly anticipated at that time, it dropped by 1,000 pips and fell below 2300. However, around the 2280 level, which I had previously highlighted, bulls entered the market and pushed the price up every time it dipped in that zone. Friday's NFP report...
If you haven`t bought TWLO before the previous earnings: Then analyzing the options chain and the chart patterns of TWLO Twilio prior to the earnings report this week, I would consider purchasing the 62.50usd strike price Puts with an expiration date of 2024-7-19, for a premium of approximately $5.15. If these options prove to be profitable prior to the earnings...
Our current analysis of USDCHF on the 2-hour chart presents a compelling case for a long position using Elliott Wave theory. We've observed a clear impulse pattern followed by a corrective phase, which appears to be nearing completion. Currently, the price action in USDCHF suggests that wave (4) is concluding around key Fibonacci retracement levels—specifically,...
In our latest review of the GBPJPY on the 3-hour chart, we've identified a compelling setup for a potential long position based on Elliott Wave theory. The chart displays a sequence that suggests we are nearing the end of wave (4), and are about to embark on wave (5), which is expected to be an impulse wave leading to new highs. After a significant pullback in...
In the latest developments on the EURUSD 15-minute chart, we observe an interesting setup for a short position using Elliott Wave analysis. The currency pair has completed an impulsive structure up to wave (3) and is currently forming wave (4), which seems to be a retracement phase. We can see wave (4) potentially stabilizing around key Fibonacci levels before...
Hello TradingView community, Today, we're analyzing the NASDAQ 100 (US100) on the 15-minute chart, where Elliott Wave theory indicates a high potential for an upcoming decline. Observing the recent price movements, the index has completed an impulse pattern up to wave (3) and is currently in the midst of wave (4), which is forming as a corrective phase. The...
Hello TradingView community, The XAUUSD pair on the 30-minute chart is presenting a compelling scenario for a potential short position according to Elliott Wave theory. Observing the recent price movements, it seems we have completed an impulse wave up to point (3) followed by what appears to be the start of a corrective phase. Currently, we are in wave (4),...
Hello TradingView community, In the AUDUSD pair, we have observed a fascinating development on the 15-minute chart using Elliott Wave analysis. The price action completed an impulse pattern through waves 1 to 5, followed by a corrective move that appears to be shaping up as an ABC correction. We're currently witnessing wave 'b' nearing its end at a Fibonacci...
Hello fellow traders, Today, I’m presenting a short trading opportunity for GBPUSD, analyzed through Elliott Wave theory on the 30-minute chart. The price action recently completed a five-wave impulse structure, followed by a clear corrective pattern, indicating potential further declines. We can observe that after the fifth wave peak, GBPUSD entered a...
Hello fellow traders, Looking at the S&P 500 on the 30-minute timeframe, I've identified an intriguing Elliott Wave pattern suggesting a potential decline. The recent price action has completed a full impulse cycle (waves 1 through 5), followed by a corrective wave (a) and a smaller rally for wave (b). Currently, we seem to be at the beginning of wave (c), which...
Hello TradingView community, Today, I'm looking at a compelling opportunity in the XAUUSD market, presented through the lens of Elliott Wave analysis. As observed on the 1-hour chart, the Gold price has recently completed what appears to be the fourth wave of a standard five-wave impulse pattern. From the low formed on April 22, we can see that the price has...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity AUDUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Looking at the NASDAQ 100 (US100) chart on the 1-hour time frame, I see a bullish trend encapsulated within a rising channel. We're currently observing what appears to be a slight pullback from the upper trendline of the channel, which is a common occurrence after testing resistance areas, indicated by the shaded circles. The dotted blue lines suggest the trader...
In this USDCAD 2-hour chart, I’m forecasting a bullish scenario based on Elliott Wave analysis. The chart presents a clear corrective pattern post a significant uptrend, labeled as waves (1) through (4), and suggests that we could be in the early stages of the final impulsive wave (5). The decline of wave (4) seems to have found support, and there's an indication...
In this USDJPY 30-minute chart analysis, I'm leaning towards a SHORT position based on the Elliott Wave Theory. Observing the price movements, it appears we've completed an impulsive five-wave sequence, with the final (5) wave exhibiting a dramatic peak. Following Elliott Wave principles, after a five-wave uptrend, a correction typically ensues, which consists of...
As I mentioned yesterday, following the substantial decline observed on the last day of April, OANDA:XAUUSD could potentially rise and test the resistance zone around 2315. Indeed, Gold rose even further to the 2330 zone before beginning to decline once more. In my view, the medium-term trend for Gold has shifted to bearish, and I anticipate a new decline...
In the weekly time after a three-wave correction in the range of the green supported box. Currently, it has a three-wave upward movement that has completed a complex combination correction in the form of wave 2 and is currently in wave 3 of 3, wave C or 3 big. Therefore, I expect it to touch the specified targets on the chart after the supply zone is broken...