wave Analysis, Trend Analysis, Technical Analysis.
S is looking for a breakout after painting a nice rounded bottom. We can expect a consolidation here for a handle (bull flag) but if the market picks up a small retracement is all we can get. Prepare for possible scenarios.
Wait for a retest on the ichimoku cloud. If it breaks above the red and goes above the green it should come down and retest and continue up. Back to new Highs.!! Great buy is now!!
My expectation is that the fib 0.618 level will first pass around 330, then make an ath attempt after a correction. I am following the levels I have indicated on the chart. not investment advice
The stock of Walt Disney Company looks interesting from the VSA point of view. The monthly chart shows that the price is now around the top of the horizontal channel formed after a year of down move (blue lines). On one side, there is professional buying in the background, which might resolve this sideways to the upside, but there is much more supply around market peaks from the other side, and that might lead to a down move. Deeper analyses of the price action over the last few months on the daily chart show massive supply. Moreover, the price went below the selling zone (red rectangle) and returned to its bottom on a low decreasing volume, showing an absence of professional interest to participate in an up move. So, to summarise it together: As of now, this stock is weak . With a big probability, the price may fall to the bottom of the monthly sideways channel first and if no buying suddenly appears while the price breaks the $79.24 level, it could reach the $20.0-$30.0 area then. If professionals buy around the channel bottom, the move-up will depend on the size of that buying, but will most probably push the price back to the monthly channel's top.
91000 strong support, if the needle comes below it, 86500 may be the turning point. If there is a candle closing below 91k, I think the double top formation worked and I plan to fall to 75k support. But my opinion is positive. Accordingly, 102k fib 0.68 level and to start rising, it should be passed with a 102k volume closing and closings should be seen above it. Close targets are 108-112-122k. Not investment advice
- Gold reversed from resistance zone - Likely to fall to support level 2860.00 Gold today reversed down the resistance zone between the key resistance level 2940.00 (which formed daily Doji earlier this month), the resistance trendline of the daily up channel from January and the upper daily Bollinger Band. The downward reversal from this resistance zone will most likely form the daily Japanese candlesticks reversal pattern Bearish Engulfing – if the price closes today near the current levels. Given that both daily Stochastic and RSI indicators are high in the overbought areas, Gold can be expected to fall to the next support level 2860.00.
- NZDUSD broke the resistance zone - Likely to rise to resistance level 0.5800 NZDUSD currency pair recently broke the resistance zone between the key resistance level 0.5700 (which stopped the earlier waves iv, 2 and ii), the resistance trendline of the daily down channel from November and the 38.2% Fibonacci correction of the downward impulse from December. The breakout of this resistance zone stopped the previous minor impulse wave iii of the higher order impulse wave 1 from last October. NZDUSD currency pair can be expected to rise to the next resistance level 0.5800 (former monthly low from November).
? #GOLD Sell 2923 - 2936 ? Stoploss 2962 Breakeven 2922.5 TakeProfit 1: 2921 TakeProfit 2: 2919 TakeProfit 3: 2917 TakeProfit 4: 2915 TakeProfit 5: 2913 TakeProfit 10: 2903 TakeProfit 20: 2883 TakeProfit 30: 2863 Trade at your own risk Protect your capital The Wizard ?♂️ Monday 02/10/2025 09:15 PM EST Friday 02/14/2025 05:30 AM EST
Price reached again the long term support trendline (blu) and is now ready to move to the purple resistance at 200$ Good entry point for a mid range trade