So same plan as mentioned, Nvidia has to do its retracement before being able to gain more for a new ath.
Combine RSI, MA Crossover, and MACD for a confidence score (e.g., 2 out of 3 indicators signaling the same direction increases reliability
NASDAQ:NVDA has always recovered strong after the earnings dip. I think the sell off has come to the end and the pump to $160 is ready
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Jacobs Engineering Group Inc Stock Quote - Double Formation * Trendline 1&2 | Wedge Structure | Completed Survey * ABC Flat Feature | Entry Set Up & Short Support | Subdivision 1 - Triple Formation * (Downtrend Argument)) At 166.00 USD | Subdivision 2 * 0.5 Retracement Area | 2nd Retracement | Subdivision 3 * Daily Time Frame | Trend Settings Condition - (Hypothesis On Entry Bias)) * (Downtrend Argument)) * Ongoing Entry & (Neutral Area)) Active Sessions On Relevant Range & Elemented Probabilities; European-Session(Upwards) - East Coast-Session(Downwards) - Asian-Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
Sellers drove the S&P 500 lower on the daily chart. The expectation is for lower prices on Friday. However, the key will be how we finish Friday’s price action. This will provide us with clues are sellers buying the take profits or has this market gotten cheap enough to find buyers approaching the market.
Targeting 5700-5730 in next week or two. This is still only about 5-7% correction from peak. Ideally we need a10% correction. Which means 5650 should be doable.
Gold can thrive on uncertainty, and for the past three years, Russia’s invasion of Ukraine has been a key driver. However, recent developments hopefully suggest a possible shift toward peace. While a complete resolution is uncertain, the beginning of peace talks, no matter how flawed they appear, could weaken gold’s safe-haven appeal. Gold benefits from lower interest rates, as it competes with yield-bearing assets like bonds. Earlier in the year, markets expected the Federal Reserve to cut rates aggressively. However, recent economic data and Trump’s economic policies mean inflation could be a greater concern than initially thought. This has led to doubts about how quickly the Fed will ease policy. If rate cuts are delayed or scaled back, gold’s upside could be limited. Gold and Bitcoin are seen as alternative stores of value. Bitcoin has recently fallen about 20% from its highs. This could suggest a broader shift in risk sentiment, potentially impacting gold if investors move back into the U.S. dollar or other assets. Markets initially expected Trump to push aggressive tariffs, which would have fueled inflation and boosted gold. However, so far, his rhetoric has been more meandering than expected, with only a 10% tariff on Chinese imports. If markets believe that Trump’s trade policies will be less disruptive than previously thought, gold loses a key bullish narrative.
- NZDUSD under bearish pressure - Likely to fall support level 0.5600 NZDUSD currency pair is under bearish pressure after the earlier breakout of the support trendline of the daily up channel from the start of February. The breakout of this up channel continues the active impulse wave 3, which started earlier from the key resistance level 0.5760 (former support from December), intersecting with the aforementioned up channel. NZDUSD currency pair can be expected to fall to the next support level 0.5600, a low of the previous minor correction b.
- AUDUSD falling inside wave b - Likely to fall support level 0.6200 AUDUSD currency pair continues to fall inside the b-wave which started earlier from the major resistance level 0.6400 (former strong support from April and August of 2024). The resistance level 0.6400 was strengthened by the upper daily Bollinger Band and by the 38.2% Fibonacci correction of the downward impulse from last October. Given the strongly bullish US dollar sentiment and strong daily downtrend, AUDUSD currency pair can be expected to fall to the next support level 0.6200, the target price for the completion of the active wave b.
Short term risks for long term gainzzz 3h,4h and daily charts indicate heavy oversold conditions which make this a good opppr for the contrarian play, to target $3 levels for a 30% upside. However we need to reclaim key levels of support first…. ? **Trade Direction:** Short (Bearish) ? **Entry:** ~$2.05 ? **Stop Loss:** $2.25 (above recent resistance) ? **Target 1:** $1.85 (previous demand zone) ? **Target 2:** $1.60 (key psychological level) ? **Probability & Justification:** - **Momentum:** Strong bearish momentum with lower highs and lower lows. - **Indicators:** Oversold conditions on stochastic RSI but no bullish divergence yet. - **Moving Averages:** Price below 50 & 200 EMA, confirming a downtrend. - **Volume Profile:** Increasing sell pressure suggests further downside. ⚠️ **Risk Considerations:** - Oversold bounce possible; manage risk accordingly. - Potential support at $1.85 – monitor reaction before holding further. ? **Bias:** Bearish unless price reclaims $2.25+ with volume.