There are a handful of macroeconomic reasons for Singapore dollar to weaken against the Malaysian Ringgit, but I'll point out only the First EW counts here. As you can see, I've drawn the wave down in 5 waves and the wave up in 3 waves. That is the wave A and wave B respectively. And so I will be expecting a 5-wave wave C down. A 1-to-1 measurement will bring this currency pair below 3.0.
? GOLD – 6th week of the base cycle (15–20+ weeks), nearing the end of phase 1. Market turbulence usually weighs on gold, so the sharp correction on Thursday–Friday, which wasn’t supported by any extreme or pivot forecast, didn’t come as a surprise. That’s what stop-losses are for. ⚠️ The working range of the long position from the March 3 extreme forecast to the March 19 pivot forecast in GC futures exceeded USD12K per contract. The working range from the March 24 extreme forecast to the stop was USD6K per contract. Congrats to those who entered. Special thanks to Mercury retrograde, as the March 24 extreme forecast was its midpoint. The next extreme forecast is on April 7. The next pivot forecast is on April 14.
? The NASDAQ 100 is currently trading at 18,075.00, which represents a -22.6% decline from the all-time high of 22,425.75 . This marks a significant drop from its peak, entering into what could be classified as a bear market by traditional standards. ?The previous decline from the high of 16,800.00 in November 2021 saw a decline of 37.47% , eventually bottoming out at the 61.8% Fibonacci retracement level (10,514.25), from which it staged a significant recovery to reach the all-time high of 22,425.75. ?Current Demand Zones & Fibonacci Levels: These zones represent potential reversal areas where buyers could regain control. The Fibonacci retracement levels align well with historical price action, reinforcing their significance as support zones. DZ-1 (17,539.00-16,334.85): Approximately the 50% Fibonacci retracement of the recent bull rally DZ-2 (16,334.85-15,384.25): Approximately the 61.8% Fibonacci retracement - Historically a strong support level DZ-3 (15,384.25-14,557.00): Critical structural level with prior buyer interest DZ-4 (14,557.00-14,140.25): Deep support level - key psychological zone ? Recovery Potential To regain the all-time high of 22,425.7 5, the market would need to achieve the following percentage gains from each demand zone: From DZ-1 (Top: 17,539.00, Base: 16,334.85): ? +37.3% to all-time high From DZ-2 (Top: 16,334.85, Base: 15,384.25): ? +45.8% to all-time high From DZ-3 (Top: 15,384.25, Base: 14,557.00): ? +54.0% to all-time high From DZ-4 (Top: 14,557.00, Base: 14,140.25): ? +58.6% to all-time high The DZ-2 to DZ-3 range provides the most likely region for a significant reversal based on confluence between historical support levels and Fibonacci retracements. While DZ-4 aligns with the 37% historical decline. ? Key Takeaways The NASDAQ 100 s is in a significant correction phase, down -22.6% from its peak. Price is approaching critical Demand/support zones (DZ-1 to DZ-4), which may act as reversal points. A return to all-time highs would require substantial gains, particularly if the market reaches the deeper demand zones. Investors should closely monitor price action around the DZ-2 to DZ-3 range (15,384.25 - 14,557.00) for signs of a potential reversal. Additionally, staying updated on developments related to the new tariffs is essential, as they may heavily influence market dynamics in the coming months.
? S&P500 – 12th week of the base cycle (average 20 weeks), which started on the pivot forecast of January 13, currently in the 2nd phase. This bear is completing the prolonged 50-week cycle and the 4-year cycle. The delay in the cycles wasn’t an exception, as the maximum durations remained within statistical norms. Target levels are given in the post “Bear 2025 in Numbers”. Preliminary timing forecasts for the end of this base cycle were shared in the post from March 23. ☝️ I believe the presidential cycle played a role in the delay of the 4-year cycle, which was supposed to bottom in October 2024 or January 2025 based on timing. You can read more about this in my 2024 post “Market Crashes and Presidents”. Markets simply weren’t ready to fall under a Democratic president. ⚠️ Keep in mind that the end of the current base cycle will mark the beginning of a new 4-year cycle. The start of any cycle, even a bearish one, is always bullish, and the start of a new 4-year cycle could be very energetic. But for how long? Take a look at the crisis map 2024–2030. It shows both the January dip and the current bear. Interesting developments are likely in spring 2026 during the final stage of the 7-year crisis cycle. ⚠️ We are holding the short position opened on the extreme forecast of March 24 — the midpoint of Mercury retrograde. You can read about the benefits of Mercury retrograde at the link or through the index in the Telegram. The next extreme forecast is on April 7. The next pivot forecast is on April 14 — the end of the Venus retrograde period, which has been very active this year.
This chart shows a bearish price setup for GBP/USD on the 1-hour timeframe, with smart money concepts, key EMAs, and a clear projection of price movement. ? Technical Analysis Breakdown 1. Price Context Current Price: 1.28987 Trend: Price has broken market structure to the downside, suggesting a potential shift from bullish to bearish. Key Indicator Levels: EMA 30 (Red): 1.29948 – now acting as dynamic resistance. EMA 200 (Blue): 1.29760 – another strong resistance level just above. ? Key Zones Identified ? Fair Value Gap (FVG) – Supply Zone Location: Between ~1.29760 and 1.30172 Significance: This is a potential liquidity zone where institutions might offload positions. Plan: Price is expected to retrace up into this FVG before continuing lower. ? Target Zone – Demand Area Location: Around 1.27396 Labeled: “target point EA” Significance: This area is projected as the final bearish target, likely aligning with equal lows or liquidity zones. CHoCH (Change of Character) Visible at the structure break, confirming bearish intent and a shift in momentum. ? Projected Price Action (In Blue Arrows) A potential retracement to the FVG zone. Rejection from this zone. Continuation to the downside through intermediate pullbacks. Final target at 1.27396. ?️ Trade Idea Summary Sell Setup: Entry Zone: 1.29760–1.30172 (FVG) Target: 1.27396 Stop-Loss: Above 1.30172 (safely outside the FVG) ? Conclusion This setup aligns with smart money principles — a CHoCH followed by a retracement into an FVG, with downside continuation into a liquidity target zone. The EMAs support the bearish thesis, offering confluence for rejection.
Bitcoin dumping I to 70k and beyond For those stubborn holders ??? This is the last time bitcoin will accumulate around the 80 level
✅ Entry Zone: $3.00 – $3.30 ? Current Price: ~$3.30 ? Targets: • T1: $4.515 • T2: $6.038 • T3: $7.857 ? Stop Loss: $2.60 ? Technical Breakdown: Price action shows reversal signs after a sharp drop into a weekly support block. Structure suggests a potential double bottom with bullish engulfing confirmation forming. Clean breakout above $3.60 would validate continuation toward $4.5 and above. ? Strategic Note: A break and hold above the $3.80 resistance would likely accelerate momentum. Ideal for swing traders targeting medium-term gains.
Gold has reached a critical juncture as prices have sharply retreated to test the major uptrend line that's been in place since late January. Currently trading at $3,038.98, the precious metal has experienced a significant pullback from its recent all-time highs above $3,160. This trendline has supported gold's impressive rally for months, making this test particularly important for determining the near-term direction. If buyers step in at these levels, we could see a bounce and continuation of the broader uptrend; however, a decisive break below this trendline could trigger a more substantial correction, potentially targeting previous support zones around $2,950-$3,000. The sharp nature of the recent decline suggests increased selling pressure, making the next few trading sessions crucial for determining whether this is merely a dip in an ongoing bull market or the beginning of a deeper retracement. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
SPX Drop Likely to Reach Between 4832 and 4933 There are two likely targets for the current plunge that are good candidate for where strong demand will emerge. The first is the blue up-trend line drawn from the COVID lows. This line has 4 price touch points already which makes it a solid magnet for another touch point for this current pullback. That target today is 4933. The second price magnet is the purple horizontal line drawn from the January 2023 high. That previous key resistance level, 4832, was eventually overcome in early 2024 which should make it likely support for the 5 week pullback underway. The key takeaway from my point of view is that this recent sharp downdraft may just be typical back-filling action in a CONTINUED uptrend. If correct, SPX will find its footing somewhere in the yellow highlighted area intersected by the two lines and then resume its march upward to test the January 2025 highs. So while its true that last week's plunge was breathtaking and may have convinced many that the long-term bull market is over, if you consider the 4 dramatic weekly drops that took place during the initial market reaction to COVID, you can see that similar drops can just be temporary pullbacks in what will eventually be a successful test of the primary bullish trend.
SPY has more room to go lower the everlasting balloon has popped by trump's nonsensical shenanigans This is why we need new order in this world