Silver (XAGUSD) has hit a key turning point after dropping from its October 23, 2024 peak. This decline unfolded in three distinct swings, following a zigzag pattern known as an Elliott Wave structure. Starting from that high, the first drop (wave A) landed at 29.68, followed by a bounce (wave B) to 34.58. Then, the final slide (wave C) bottomed out at 28.328, as seen on the hourly chart. This marked the end of a larger correction phase, called wave (4). Silver found its footing in a critical support zone between 24.86 and 28.56—a range calculated using Fibonacci tools, stretching 100% to 161.8% of the drop from the October high. Now, silver is climbing again in what’s labeled wave (5). To confirm this upward trend, it needs to break past the prior peak of 34.86 from wave (3); otherwise, it might face another dip. Since bottoming out on April 7, 2025, at 28.328, silver rose to 30.81 (wave (i)), then eased back to 29.31 (wave (ii)). For now, as long as the 28.32 level holds firm, silver seems set to keep rising in the short term, offering hope for bullish traders.
https://www.tradingview.com/chart/3qR8D6j8/ ? TSLA 45m – Bull Flag Coiling for Breakout NASDAQ:TSLA TSLA ripped from $214 → $276 ? and is now forming a bull flag just under resistance at $276.87. ? Strong volume on the pole, cooling off during flag ? ? RSI ~74 — strong, but not overheated ? ? MACD crossover ? + momentum building ? ? Above all key EMAs (20/50/100/200) ? ? OBV trending up — smart money is loading ?? ⚠️ Breakout above $277 = launch toward $293–$300, with extended target of $310–$330 if trend continues. ❌ Invalidation below $263. ? Watching for a breakout + retest entry ? Let it cook. ?
With a pause in the trade war. I think alts to rip And spot on 90 days if this would to play out. Chart just for fun. Not Financial advice.
As shown in the chart, I've updated the wave counts. Find a place to sell and stop above C high.
April 10th we will be going into the 10th in about 15 minutes so we're looking at the market before the clock tells us that it's Thursday. there was tremendous volatility and great opportunities for trading as a buyer and a seller.... either one because high probability markets favor buyers as well as sellers. and since it's late at night you can take a look at some of these markets to see what you think there are at least 3 or 4 markets that are going to go higher in my opinion. some of them will make great range markets and if you have a good distance between where the buyers and sellers are and it's a range Market that too is a good opportunity for buyers and sellers,
? ? ? Market-Moving News ?: ??? U.S. Tariff Pause and Increased Tariffs on China: President Donald Trump announced a 90-day pause on tariffs for most trading partners but increased tariffs on Chinese imports to 125%. This move led to a surge in global stock markets, with the S&P 500 rising by 9.5% and the Dow Jones by 7.9%. ??? China's Retaliatory Tariffs: In response, China imposed additional tariffs of 84% on U.S. goods, escalating trade tensions and impacting global markets. ? Key Data Releases ? ? Thursday, April 10: ? Consumer Price Index (CPI) (8:30 AM ET): Forecast: 0.1% Previous: 0.2% Measures the average change over time in the prices paid by consumers for goods and services, indicating inflation trends. ? Initial Jobless Claims (8:30 AM ET): Forecast: 219,000 Previous: 225,000 Reports the number of individuals filing for unemployment benefits for the first time, reflecting labor market conditions. ?️ Fed Governor Michelle Bowman Testifies to Senate (10:00 AM ET): Provides insights into the Federal Reserve's perspective on economic conditions and monetary policy. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. ? #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
EURUSD will continue down today judging from this bearish flag formation. From now until the highly anticipated US consumer price index later today. I will be shorting at 1,10471 until1,087
We can see FX:GBPUSD retrace a tad further up to the Volume Imbalance that was created over the weekend of April 4th - 7th. After Price made its High @ 1.3207, it was immediately rejected back down below the Past Level of Support that is now showing signs of Resistance! - Following that Higher High not only resulted in a Lower Low but also sent the RSI under 50 into Bearish Territory! Now in the ICT Methodology of Volume Imbalances, Price is likely to Test or Fill the Imbalance, then once satisfied, has a high potential to turn the opposite direction. Now a Pullback to Fill the Imbalance would land Price right at the 38.2% Fibonacci Level @ 1.28984 where if Bulls are unable to push Price back above, would be an excellent Shorting Opportunity for Bears to overcome. - RSI is now below the 50 suggesting Bulls have lost steam and strengthens the potential for more downside to occur but that would call for a Break and Retest Scenario on the Rising Support. Fundamentally, the Federal Reserve will be releasing the CPI y/y and m/m results where analysts believe there to be a .3% decrease in inflation forecasting a 2.5% CPI for March from the previous 2.8% for February. Given this, the FOMC " do not plan to come to rescue Trump with rate cuts" and insist that all the Tariff pressure will actually be a reasoning for Inflation to Rise! So if CPI ends up printing Hotter than Expected (Higher), we could see a renewed strength in the USD.
After a sharp drop and rebound, gold is now testing the 50% Fibonacci level around 3122. The key resistance zone lies between 3163–3167, where a breakout could open the path to 3218 (0.786 Fibo). ? Resistance levels: • 3163 – 0.618 retracement • 3167 – previous swing high • 3218 – 0.786 level & target ? Main Scenario: Breakout above 3163 leads toward 3218 continuation. ? Alternative Scenario: Rejection at 3163 → retrace to 3082 or 3033 before next move. Momentum indicators are bullish but approaching overbought territory.
One of our friends asked for an update on Cardano, the 2025 All-Time High. I already did several charts with the ATH so I will recycle this one since the numbers stay the same. We can still use the same numbers today we extracted after June 2023, that is because we use the bear market bottom to project a new ATH. Anyway, the chart is easy. Cardano bottomed June 2023 and has been moving within an uptrend, higher highs and higher lows. The last bullish jump happened in late 2024 peaking in early December. Then the correction comes. The correction bottomed early February 2025 and this week we are seeing the establishment of a higher low. This higher low is a great place to buy and go LONG. Because the correction is over so the next move is up. No more lower prices. No more sideways, no more corrections but up. The correction lasted some 4 months and amounted to a drop of more than 60%. Some people without a clue are calling for lower but this is impossible. A correction is just that a correction, not a bear market. A bear market was 2022 and it requires lower and lower... Cardano has been going up since June 2023. We are entering the bull-run phase in late 2025. The contrary to a bear market we are actually seeing, we are in a bull market. The recent bearish action is a simple correction of the last bullish move. Obviously bullish because we have a higher low compared to August 2024, the last bottom. This is super basic but sometimes is good to go back to basics before a major run. The standard 2025 All-Time High target is $8.11. If the market does really good, it can go higher, much higher. If the market does poorly, growth will still be amazing. Doing poorly is not an option. Crypto is the new default method to exchange value. Soon, 1 billion people will be trading and using Crypto, growth will be something that cannot be explained. Bet on Crypto and you will win in the short-, mid- to long-term. Buy and hold Crypto and your financial future is secured, this is an easy bet. Bet on the future, bet on the Internet. Bet on technology. Bet on innovation. The market needs your support. Fiat currencies are going down after centuries of doing their work. Nothing against fiat and decaying banks, they played their role. We have nothing against landline and dial-up, but now we go wireless... Nothing against the mail but we use e-mail. Nothing against cash but we use virtual transactions and credit cards. Thanks a lot for your support. It is impossible to stop the evolution of the world. Humanity will continue to improve. A new form of money is not only necessity but a must. We welcome Crypto. We love to pay with our phones. With Crypto, you can transfer money fast and easy, without censorship, without government control. Abundance, peace, prosperity and freedom is the new norm. Namaste.