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Economic Cycles

Elliott Wave Analysis: Dow Futures (YM) Resumes Bullish TrendShort Term Elliott Wave View in E-Mini Dow Jones Futures (YM) suggests the trend should continue higher within the sequence started from April-2024 low as the part of daily sequence. It favors upside in wave 5 of (5) since 18-April, 2024 low, while dips remain above 40053 low. Since April-2024 low of (4), it placed 1 at 40213 high, 2 at 38111 low as dip pullback and 3 at 41672 high. It ended 4 as clear 3 swing zigzag pullback at 40053 low and favors upside in 5, which confirms above 41672 high to avoid any double correction, if breaks below 40053 low. Within 4 correction, it placed ((a)) at 40466 low, ((b)) at 40795 high and ((c)) at 40053 low, which missed the equal leg areas in 4 before resume higher. Above 4 low, it placed ((i)) of 5 at 41051 high and favors corrective pullback in ((ii)), which should remain above 40053 low to extend higher in ((iii)). Within ((i)), it placed (i) at 40685 high, (ii) at 40158 low, (iii) at 41029 high, (iv) at 40863 low and finally (v) at 41051 high as ((i)). It placed (a) of ((ii)) at 40606 low and favors bounce in (b) before turning lower in (c) to finish ((ii)). As long as it stays above 40053 low, it should resume higher in 5 and can extend towards 42052 – 42671 area to finish the impulse started from April-2024 low before correcting lower. Alternatively, if it breaks below 40053 low, it can do double correction towards 39432 or lower levels before it should turn higher.
CBOT_MINI:YM1!
by Elliottwave-Forecast
ADA/USD Main trendThe main trend (to understand where the price is and what is the general trend). Logarithm. Timeframe 1 month. Price in a secondary downtrend is approaching a mirror support level (marked in yellow, former resistance). Against the dollar on the monthly timeframe, there is now a large bowl with a handle, which I have displayed on this chart. Pump/dump news. Cardano's developers have activated the Vasil hard fork on the testnet. The Vasil hard fork was successfully completed on the Cardano testnet. Vasil will enable faster block generation and increase the scalability of decentralized applications (DApps) powered by Cardano. Vasil is expected to launch on the mainnet in about a month. In other words, if the market allows, then in about 1 month a local pumping (trend reversal) is planned, if the market is sluggish, then Vasil will be canceled for some far-fetched reasons or the event will not be widely advertised. Remember when the US congressional elections. The same parameters on the line graph. Secondary trend. Downlink zone. Timeframe 3 days. ADA/USD Secondary trend. Local trading situation Timeframe 1 days. ADA/USD Local trading situation
by SpartaBTC
17
LONG BTC📊Analysis by AhmadArz: 🔍Entry: 60.252 🛑Stop Loss: 57.722 🎯Take Profit: 62.500 - 65.000 - 68.450 - 71.777 - 76.500 Maintaining the $58,000 Support Level 🔴: This level acts as strong support. If the price cannot break this level and remains above it, the bullish trend is likely to continue. Price Targets in the Bullish Trend 📈: $62,497.20 Level: The first significant resistance level that the price may reach. If the price can break this level, the probability of continuing the bullish trend increases. $65,008.07 Level: The second resistance level above $62,497.20. This level can be considered the next price target. Colored Resistance Zones 📊: The gray zone between $62,497.20 and $76,514.94 acts as a significant resistance area. If the price can break through this zone, it may reach higher resistance levels such as $71,773.98 and $76,514.94. Candlestick Patterns and Trading Volume 📊: Examining candlestick patterns near the $58,000 support level can provide indications of trend reversal and a return to the bullish trend. Additionally, trading volume can be an indicator of the validity of these moves. Trading Strategy: Traders can enter long positions by maintaining the $58,000 level and observing signs of a price rebound. Using a stop-loss below the $58,000 level is recommended to reduce risk. Upon reaching resistance levels like $62,497.20 and $65,008.07, traders can take partial profits or use risk management methods such as trailing stops. 📈 Conclusion: As long as the $58,000 level is maintained, the bullish trend remains intact. Traders can leverage this trend by focusing on the identified resistance levels and employing risk management tools to maximize their gains. 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
Long
by ahmadarz