EURUSD is massively overbought on its 1D technical outlook (RSI = 73.384, MACD = 0.012, ADX = 38.553) but on the short term we have a Channel Up pattern that's good until broken. The 1H MA50-MA100 Zone is in firm support of this structure and every time a bearish wave like the current one bottoms inside this pattern, the price rallies by +1.15%. So as long as the 1H MA100 holds, buy (TP = 1.09800). If the 1H MA100 fails and breaks, sell and aim for the 1H MA200 (TP = 1.07500> ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
With a 1 day RSI of 31 and a reverse head and shoulder forming, this market technically wants to go higher. The question is what will "you know who" say tomorrow? I'm calling a dead cat bounce, that gives us an opportunity to buy some April puts.
The first is the Dot-Com Bubble that happened in Early 2000. This was the end of Wave 1(Black) and a retest was on the horizon. The market corrected with a zigzag marked in Red late in March 2000. What followed was a sharp drop Wave A(Red), B correction, and a 5 Wave move to complete Wave C of the zigzag. The 5 Wave move to Red Wave C is supported by Math as it retests at exactly at the 423% of the Fibonacci and 161.8% of Red Wave A on a Monthly time frame. The second Stock Market Crash is the Financial Crisis of 2008 which by the way is the largest Stock Market Crash in the last 80 yrs. Historically, it is only second to the Great Depression of 1929. Can it be explained in terms of Elliott Wave? Yes. It was part of Wave 5 after Green Wave C ended. In fact, from Blue Wave 4/C there is a clear 5 wave move with a zigzag as its first correction and a flat as its second. The Financial Crisis is Wave 5 after the mentioned second flat but is called a Stock Market Crash!! All this is avoidable.
ECONOMICS:USIRYY 2.8% YoY (February/2025) source: U.S. Bureau of Labor Statistics https://www.tradingview.com/x/4eDanbnO/ - The annual inflation rate in the US eased to 2.8% in February below 3% in January and market expectations of 2.9%. On a monthly basis, the CPI rose by 0.2%, slowing from 0.5% rise in January and below market expectations of 0.3%. Core CPI also rose 0.2% on the month and was at 3.1% on a 12-month basis, both below consensus.
Do you think this pattern will be how our week ends?! Comment ? or ?
lol. I am trying new things again. It's so tough when you see your positive results getting mixed due to too much action going on. 0334SGT 13032025 2R TP Under trading is better than overtrading. Also, only trade when you are already full of natural dopamine such as when you went out to work and feels good due to the good work you done. You are already filled, you do not need to hope to gain quick doses of dopamine via being right in trading, while dreaming of kicking your bosses or partners ass. 0339SGT 13032025 Entered based on the 15 MInutes Time Frame, I eyeball the SL. Don't be stingy but don't be too generous either. 0342SGT 13032025
Bitcoin remains bearish on its 1D technical outlook (RSI = 40.004, MACD = -3484.800, ADX = 36.461) but today we see the first recovery attempt. The technical reasoning behind it is that the market is testing its 1W MA50 and in due time it will price the new HL of the Bull Cycle and form the bottom that will hold for the rest of the year until the cycle's very top. This is no different than the last two Cycles, the 1W RSI is even rebounding on its S1 level. Based on that pattern we are looking at a potential Cycle peak between 150k - 200k. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
The date of the upward return of the market is between April 19 and April 16. Meanwhile, the end of Bitcoin's support zone is $7,3900. Of course, the daily candlestick sees a shadow up to the $72,000 support zone.
At the moment, the BTCUSDT trading pair is experiencing a distribution moment. Taking into account the liquidity collected at the top, I open a position in SHORT from the POI and FGV m15 I indicated with the target: 80,607.65$ 79,058.00$ 76,606.00$ Risk for stop order -1%
Levels to watch on ES futures Quick Look. keep a eye out for more action on these areas