S&P Melt-Up, FOMC, Gold, Bitcoin - Key Levels and OutlooksHappy Saturday!!!
I just finished a live roundtable session so charts and analysis was fresh on the mind.
S&P just closed 9 consecutive days higher
S&P Futures 9 green candles
The melt-up has been slow and steady, but persistent
Markets are now "repaired" back to or above the US Liberation Day break levels
on April 2/April 3
I see some near-term resistance in the S&P with FOMC coming this week. There
are some reasonable gaps lower for some pullbacks, but the PAIN trade persists.
The "pain" trade now is higher highs because sentiment is so bearish.
The "pain" trade if we see all-time highs would be a bull trap.
FED is likely staying paused for May and June per the FED Watch Tool and the first rate
cut may start in July 2025. But I'm watching US Yields to see if they persist higher because
that may ruin the FED's plan and power and 40+ year correlations.
Eyes wide open and small risk. Short-term strategies are doing well in this environment.
I'll continue to grind.
Thanks for watching!!!
Community ideas
Gold Bullish Crab PatternThe potential surge in gold prices is being closely monitored, particularly as buyers exhibit a notable interest around the significant Fibonacci golden level at a price point of $3220.
This level serves as a crucial indicator for market participants, suggesting that a breakout could lead to substantial upward momentum.
Up for gold!Hi traders,
Last week gold consolidated and dropped. It looks like the b-wave of the correction was a Triangle and now it's in the last Wave c (blue).
For next week we wait for the finish of the correction (Zigzag) into the Weekly FVG and after that we could trade longs again.
Let's see what price does and react.
Trade idea: Wait for the correction to finish and a change in orderflow to bullish to trade longs again.
If you want to learn more about trading FVG's & liquidity sweeps with wave analysis, please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
EURUSD My Opinion! BUY!
My dear subscribers,
EURUSD looks like it will make a good move, and here are the details:
The market is trading on 1.1298 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1348
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
Gold 15m – Bearish Zigzag in Progress or a Larger Correction?This analysis presents a bearish short-term setup on XAUUSD (15m) based on a clean Zigzag structure:
Wave A: Impulsive decline
Wave B: Contracting triangle
Wave C: Currently unfolding, with potential targets at 3170–3090
A potential short entry is highlighted within the yellow zone, with invalidation clearly defined above 3248.
If price accelerates lower after confirmation, the trade offers a favorable R:R setup.
If momentum is weak or price breaks above resistance, this count will be invalidated.
Alternative Scenarios:
This may evolve into Wave 3 of a higher-degree Zigzag,
or Wave A of a larger Flat correction if downside persists beyond expectations.
Let me know your thoughts — would you take this short, or do you see something else unfolding?
Gold Rally Continues (Bullish)XAUUSD (GOLD) 4H chart breaking out from Wave (4) with a clean Elliott Wave structure
Targeting the 3,480+ zone for Wave (5) — Fibonacci + EMA confluence + breakout confirmation all lining up!
Entry zone was right near the 0.5–0.618 fib sweet spot 🟦
Now we ride the wave
Current trade idea: Long bias
🎯 Target: $3,480
🛑 Risk: Below $3,166
🔍 Strategy: Wave theory + EMA trend confirmation + structure break
Let me know if you're in this move too — and drop a 🔥 if you caught the setup!
USDZAR | 02.05.2025BUY 18.4400 | STOP 18.3300 | TAKE 18.5900 | Technically, the picture of the price movement disposes to a slight growth to the levels of previous resistances inside the medium-term descending channel. We also expect today data on the US labour market and the possible impact of indicators on the dollar. A slight growth is likely.
Hellena | Oil (4H): SHORT to support area of 55.204.Colleagues, I believe that the price will continue its downward movement. At the moment we are observing a combined correction. I expect the completion of wave “Y”. Even if it is already completed, the price is still waiting for a downward correction to the support area of 55.204. Therefore, I think that 55.204 is the 1st minimum target.
There are two possible ways to enter the position:
1) Market entry
2) Pending Limit orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Natural Gas: Watching for a Break Above 3.40 to Re-Enter LongOverall, I remain bullish on natural gas, as I mentioned yesterday, and even entered a position.
However, I didn’t hold through the entire move. There are definitely some issues with overtrading that I need to work on.
At the moment, I’m out of the market and considering a re-entry only if yesterday’s high at 3.39 is broken.
If the price moves above 3.40, I plan to re-enter the position, targeting the 3.60 level.
Travala Goes Bullish, The Wait Is Over —1,150% Profits PotentialHere it is, this is the same chart I shared back in early March this year. Notice the green line and the buy zone. It has been only two months and this zone was activated and the action is now moving back above it; this is ultra-bullish.
In the 8-March 2025 publication I mentioned that we should be ready to wait 6-8 months to see massive growth, and it is true; but, at the same time I was preparing you for the long-term. Bullish action will start now and very strong growth will happen within weeks or days.
If you are prepared to wait 8 months, you will be happy when your money start growing in a period of just 3-4 months. On the other hand, if you are prepared to wait 1 month, you will become anxious and furious and might even sell if the bullish action doesn't start after three months.
So I say, "think long-term."
Prepare to wait years but the truth is that the market will pay sooner, we just need to be patient and prepared.
» This is a strong chart setup and an easy trade; buy and hold.
Travala is ready to move now vs USDT (tether) as well as vs Bitcoin (BTC), it will be massive. You can now buy and hold and enjoy the profits as they come.
This is a friendly reminder.
Thanks a lot for your continued support.
(The targets can be seen on the chart —long-term, the final target will go higher than 1,150%.)
Namaste.
Key pressure point of gold price on Monday: 3275Key pressure point of gold price on Monday: 3275
1: Falling below 3275, overall bearish + shock range (3220-3260)
2: Gold price still has room to fall, technical aspect: 3220-3200-3170-3100
3: Gold price may enter a wide range of shocks, shock range: 3200-3360
Therefore, our strategy is:
1: When the gold price breaks through the 3200 mark, we go long on gold at the lowest price, and the stop loss is set near 3200
2: When the gold price falls below the 3275 mark, we go short on gold at the highest price, and the stop loss is set near 3280
3: Once the gold price stands firm at the 3275 mark and continues to break through the 3275 mark, you can consider chasing the rise, and the stop loss is set near 3260.
4: Once the gold price breaks through the 3200 mark of 3275 and continues to run below 3200, you can consider chasing the decline and set the stop loss near 3200.
Then, considering the 1.2 strategy comprehensively, it is the most reliable strategy at present.
Let's review the current fundamentals:
What has Trump been busy with in the past 24 hours?
1. Plan to cancel Harvard University's tax exemption status
2. Call for tax cuts
3. Canadian Prime Minister will go to the United States to meet with Trump next week
4. Announce the 2026 budget
5. Try to squeeze the revenue of pharmaceutical companies to pay for tax cuts
6. Put pressure on Mexico
7. Release an AI-synthesized "Pope Photo"
Conclusion: Brave people enjoy the world first
One more move down for EUHi traders,
Last week EU finished the correction and went lower just like I've said in my outlook.
Next week we could see another wave down into the Weekly/ Daily FVG. After that upside again!
Let's see what the market does and react.
Trade idea: Wait for price to come into the FVG's and give a rejection. After a a change in orderflow to bullish, a small impulse wave up and a correction down on a lower timeframe you can trade longs to the higher Weekly FVG.
If you want to learn more about trading with FVG's, liquidity sweeps and Wave analysis, then make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
Ampleforth Governance —2,000% Growth Potential & 4,000% TargetHere is another amazing example of a truly long-term consolidation market and a truly bottomed out Altcoin, with huge potential for growth. Ampleforth Governance (FORTHUSDT) produced the highest volume ever on the 7-April week. The long upper shadow on this candle shows that the bottom is in and that resistance has been removed; a new cycle of growth is about to start and the first step is in.
Listen (or, "look"), this is what is going to happen next: Long-term boomish growth.
Super fast accelerated out of the ordinary higher highs and up-strong. This is what will happen starting this same month.
What do I mean? This month FORTHUSDT will easily trade 200%, 300% or more higher, just as a start to continue growing long-term. This is the opportunity of a cycle, Bitcoin's 4-years cycle, to get in now and enjoy massive profits on the way up.
True trading requires buying when prices are low and waiting, just wait and the market grows. You can't go wrong at this point; think long-term.
Get your money into the market now, it is not too late and you will see how much growth will happen within months. It will be wild and lots of fun. The more the market grows, the better it will get.
This is not financial advice.
I am sharing my experience and personal understanding of the financial hieroglyphs that are technical charts.
The charts are saying up and you can use this knowing to become financially rich, the rest will follow.
Thanks a lot for your continued support.
Namaste.
EUR/USD) one side of breakout and move Read The ChaptianSMC Trading point update
technical analysis of the EUR/USD currency pair on the 1-hour timeframe, showing two ptential scenarios based on price behavior around a key supply zone.
1. Key Levels:
Resistance/Target Point (Upper): ~1.15729
Supply Zone (Current Price Area): ~1.14100–1.14500
Support Level/Target Point (Lower): ~1.12658
200 EMA: ~1.13581 acting as dynamic support
2. Current Price:
EURUSD is trading at 1.14167, just above the 200 EMA and at the bottom edge of the supply zone.
3. Scenarios Outlined:
Bullish Scenario:
If price breaks and holds above the supply zone, it may continue toward the upper resistance level at 1.15729.
This move would be supported by bullish momentum and potentially a breakout strategy.
Bearish Scenario:
If price rejects the supply zone and fails to break above convincingly, a reversal is expected.
The target for this bearish move is the support zone near 1.12658.
4. Indicators:
RSI (Relative Strength Index): Around 49, neutral zone but potentially recovering from oversold.
Suggests indecision, with momentum that could swing either way depending on price action at the supply zone.
Mr SMC Trading point
Trade Ideas:
Long Trade Setup (Breakout):
Entry: Break and retest above ~1.14500.
Target: ~1.15729.
Stop Loss: Below ~1.14100.
Short Trade Setup (Rejection):
Entry: Rejection candle formation around 1.14300–1.14500.
Target: ~1.12658.
Stop Loss: Above ~1.14700.
Overall Idea:
This is a dual-scenario setup, where the market structure at the current supply zone will determine direction. The chart encourages traders to wait for confirmation before committing to either a breakout or a reversal strategy.
Pales support boost 🚀 analysis follow)
BTC/USDT Quick Update – May 4 #2Rising Wedge Pattern Identified
– Price is currently trading within a rising wedge on the 4H chart, often considered a structure worth monitoring for potential volatility.
Price Near Local Resistance (~ GETTEX:97K )
– BTC is reacting around the GETTEX:97K zone, a level where price has previously stalled, suggesting possible decision-making by market participants.
RSI Around 47
– RSI has cooled from higher levels and is now neutral, indicating a balance between buyers and sellers at this stage.
Parabolic SAR Above Candles
– SAR dots are now positioned above price, typically signaling a slowdown in recent upward momentum.
ADX Reading Below 20
– A low ADX value suggests the current trend lacks strong directional strength, implying potential for sideways or corrective movement.
Volume Not Supporting Recent Move
– As price climbed, volume remained relatively low, which can indicate a lack of strong participation behind the move.
Key Levels to Watch
– Support: $95K (wedge base), GETTEX:92K (prior demand zone)
– Resistance: GETTEX:97K (local), $102K (major overhead zone)
What to Monitor
– A break above GETTEX:97K could lead to a retest of higher zones. A break below $95K might open up a move toward $92K. Watching for confirmation either way.
BTC Breakout: Symmetrical Triangle Formation Near Key Resistance Bitcoin highlights a symmetrical triangle pattern forming just below a descending trendline and key resistance zone around $96,000–$96,600. The price action is consolidating within narrowing support and resistance lines, suggesting a potential breakout. A bullish breakout above the red trendline and consolidation above $96,000 could lead to a strong upward move toward the resistance zone. Traders should watch for volume confirmation and breakout retest opportunities for optimal entry points.
US100 – Bullish Continuation Setting Up Inside the ChannelUS100 remains firmly bullish, showing consistent strength after breaking out from the prior consolidation range in mid-April. Price action has been moving cleanly within a well-defined ascending channel, supported by strong impulsive moves followed by shallow retracements. Each pullback so far has been relatively controlled, and buyers have been stepping in aggressively from clearly defined zones, which aligns with the current risk-on sentiment across tech-heavy indices.
Consolidation Structure
We’ve now had two solid retests of prior fair value gaps (FVGs), both of which acted as demand zones and helped fuel continuation. The first pullback dropped into a previously formed imbalance, consolidated briefly, and then launched a strong bullish leg. The second did the same, creating a layered structure of bullish continuation through efficient retracements. Each of these reactions confirms that price is respecting areas where institutional orders may have been left behind, which adds confluence to the trend’s strength.
Currently, price is working on forming a third FVG within the upper half of the channel. This is developing just below recent highs and has not yet been retested, which makes it a key area of interest. If the market pulls back into that imbalance with proper structure, it could offer the next high-probability opportunity to join the trend.
Bullish Scenario
If price retraces into this newly forming FVG and holds, especially with a wick or lower timeframe rejection candle inside the zone, it could mark the start of the next impulse. The overall trend remains intact as long as we stay within the channel and each FVG continues to serve as valid support. Given the strength of the previous bounces and the orderly nature of this structure, any retest into this new FVG would likely lead to another push into fresh highs and a move toward the upper boundary of the channel.
Bearish Scenario
On the flip side, if price fails to respect this new FVG and breaks below with momentum, especially if the channel support fails at the same time, it would be a sign that buyers are losing control. In that case, we’d want to see how price interacts with the last confirmed FVG below before making any bearish assumptions. A deeper pullback into that area could still provide another long opportunity if structure holds, but any sharp momentum break through both imbalances would put the bullish trend on pause and shift focus to downside levels.
Price Target and Expectations
Assuming the bullish structure continues to play out, the next projected move would be a clean rally toward the top of the channel. There’s enough space left between current levels and the upper trendline to justify an entry on the next pullback, provided it lands inside the newly created FVG. The setup is fairly straightforward, let price come back into the imbalance, confirm with lower timeframe strength, and ride the continuation leg.
Current Stance
There’s no need to chase price here. The best scenario is waiting for a patient retest of the fresh FVG forming now. If it pulls back cleanly, holds the zone, and gives confirmation, that would be the entry. Momentum, structure, and market context are all aligned for continuation, but the trade needs to be built off a level that shows actual commitment from buyers.
Conclusion
US100 is holding its bullish structure well, forming clean legs within an ascending channel, and repeatedly respecting fair value gaps as demand zones. With a new imbalance forming beneath the most recent high, the setup is shaping up for another continuation play if price rotates back and holds. It’s a wait-and-see moment for now, but if the FVG gets tagged and buyers show up, this could be the next leg higher in an already strong trend.
___________________________________
Thanks for your support!
If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀
Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! 📈