Get started

Correction

Crude Oil (CL1!): Waiting for the perfect entry after declineWe have continued to see crude oil prices fall lower and lower since we first analyzed it five months ago. The recent price decline is largely attributed to a worsening demand outlook. According to Commerzbank, the post-pandemic normalisation of demand growth in China has sharply deteriorated. Between April and July, oil demand was even lower than the previous year, and data released last weekend offers little hope for improvement in Chinese crude oil processing for August. Additionally, the International Energy Agency (IEA) has revised its forecast for global oil demand down to 900,000 barrels per day, with China accounting for just 20% of that growth. What was once a driver of demand is now seen as a drag on the market. The IEA projects that oil demand in China will rise by 260,000 barrels per day by 2025. With the continued struggles of global oil demand on one side and Middle East tensions on the other, it makes sense to set a limit order on crude oil as we closely watch how well NYMEX:CL1! respects the key levels on the chart. We're still targeting the $63.23-$57 range for a potential buy-in as we continue to monitor the market for an ideal entry point.
NYMEX:CL1!Long
by freeguy_by_wmc
4
Apple (AAPL): After the Gap Close, What’s Next?In our last analysis, we perfectly predicted the top for Apple at $233, and since then, the stock has been declining due to multiple factors. Apple dropped nearly 3%, driven by concerns over weaker-than-expected demand for the latest iPhone model during its first weekend, according to a securities analyst at TF International in Hong Kong. China’s performance continues to drag on Apple’s financials this year, particularly in the first quarter when sales dropped by 24%. Full-year sales from China are expected to reach $60 billion, down from $72.6 billion in 2023, which accounted for a significant portion of Apple’s $383.3 billion overall revenue. For now, we maintain a bearish outlook for Apple after the stock completed a gap close and was rejected at the 88.6% Fibonacci level. However, we are still eyeing an entry point and getting closer to it. We’re now placing a limit order to catch a potential dip. Our primary target is a possible double bottom around $196. While the price could dip even lower, we are playing this with a wider stop-loss and may use a DCA (Dollar-Cost Averaging) approach, as multiple entry points could emerge. Let’s see how the next few days or weeks unfold!
NASDAQ:AAPLLong
by freeguy_by_wmc
2
Bullish Stocks, But Watch Pullbacks and Gaps On SP500The stock market has been very bullish over the last two weeks, with strong gains this week following China's policy actions to support their economy. This has had a positive impact on stocks globally, and it’s no surprise to see the S&P 500 trading higher. Looking at the December futures contract, from an Elliott Wave perspective, we can clearly see a five-wave movement up from the September 9th low. While this bullish momentum continues, it’s important to be cautious as we may be nearing potential resistance in this fifth wave, around the 5,820 to 5,880 area. I think that pullbacks could occur in the next few days, especially if USD stays up with yields. If we do see a correction, the key levels to watch would be the previous swing supports, with the first at 5,754 followed by 5,674. These levels also correspond to regions of open gaps on the cash market, and typically when such gaps are filled, the market can resume its primary trend, which is up. So, if an ABC drop occurs into one of these gaps, it could present an opportunity to rejoin the uptrend in the stock market.
CBOE:SPX
by ew-forecast
Airbnb (ABNB): Holding the line, but for how long?!After charting Airbnb one month ago, we’ve seen another slight dip, and one of our members rightly pointed out that Airbnb has reacted well to the $113.60 price level. This level has acted as support for the fourth time now, and it seems like it could hold. However, t here’s a big BUT —we’re not placing an entry just yet. Trying to catch the exact bottom of Wave 1 can be risky and extremely difficult. Instead, we are more focused on waiting for a possible short opportunity if Airbnb rises again. Airbnb continues to struggle, and we don't want to catch this falling knife too early, risking unnecessary losses. We’ll keep monitoring the situation closely, and if we gain more confidence that this is indeed the end of Wave 1, we’ll let you know. 🫡
NASDAQ:ABNBLong
by freeguy_by_wmc
2
Amazon (AMZN): Swing Trade & Chart Analysis UpdateTwo months ago, we anticipated a pullback to wave (2), and after a brief pump, we saw an immediate sell-off. The fascinating part? Amazon dropped 25% and reversed almost perfectly on the long-held trendline, which hasn’t been adjusted. It's incredible how simple technicals can sometimes work so well. We've now pushed back into the $183-190 range. This could be a relief pump, likely short-lived. While we aren’t ruling out a rise above the current wave (1), we’re leaning toward a flat correction, as wave A was fast. If correct, we should turn soon and continue downward with a 5-wave structure into the 50-78.6% Fibonacci retracement target area. No limit orders yet, but we're setting alerts to better time our entry. 🔥
NASDAQ:AMZNShort
by freeguy_by_wmc
3
Rate Cut Incoming. Buckle Up"What the Yield Curve and Fed Moves Mean for Your Next Trade." Historically, when the Federal Reserve lowers the federal funds rate while the yield spread is negative (also known as an inverted yield curve), it has often been an indicator of an impending market correction or recession. Let’s break this down: Historically, the bond market is a key indicator. Typically, long-term bonds offer higher yields than short-term bonds; This a healthy sign. When that flips and short-term yields surpass long-term ones, we get what’s called an inverted yield curve. This inversion signals that investors are getting nervous about the near-term economy. When the Fed then steps in to lower rates, they’re trying to stimulate growth, but it often comes too late. Looking back at past events: The dot-com crash of 2000: The yield curve inverted, the Fed cut rates, and a 35% market correction followed. The 2008 financial crisis: Again, the yield curve inverted, rates were cut, and the market saw a major downturn exceeding 50%. Going back even further, the same pattern held in the 1970s and 1980s. The big questions are: Why does this combination signal trouble? Will this pattern repeat itself again? While history tends to repeat itself, the data shows that when the Fed cuts rates with a negative yield spread, market corrections often follow. The inverted curve suggests tighter credit conditions, reduced lending, and lack of confidence, all piling on top of one another creating a recipe for disaster. Stepping back even further, we see that investor sentiment and the bond market tend to lead the way. Credit tightens, and companies cut back on spending. Another a perfect recipe for an economic slowdown and market drop. It's a familiar cycle. So lets buckle up.
TVC:DJIShort
by oh92
1
JPN225 Correction Persists Ahead of the BoJThe Japanese index managed to swiftly rebound from the plunge caused by the central bank’s second rate hike and hawkish messaging at the end of July, as the market rout created some apprehension around the policy shift. Furthermore, the monetary setting remains accommodative and interests rates are still near-zero, while the stock market’s appeal goes beyond monetary policy and weak Yen. JPN225 comes from a strong week, fueled largely by the upbeat messaging from Nvidia CEO Jensen Huang that spilled over to Japanese chip makers. Advantest and Tokyo Electron, two of Nikkei’s largest constituents, jumped more than 7%. As a result the index tries to regain the EMA200 that would allow it to exit its correction and challenge the August highs (39,204). However, the index is cautious this week, as tech optimism wanes and markets await the BoJ’s decision, preceded by inflation update. Policymakers are unlikely to raise rates again, but communication around the path ahead will be crucial. Official have pointed to further tightening ahead and another hike this year is reasonable, as inflation is well above 2%, wages have increased and Q2 GDP posted strong growth. Furthermore, the monetary policy shift and the Yen’s rebound have led to outflows from foreigners over the past seven months. JPN225 stays in correction and below the EMA200 the risk of bear market persists, although sustained below that threshold has a higher degree of difficulty. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”) (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:JPN225
by FXCM
HelenP. I Gold can make correction movement, after impulse upHi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price rebounded up from support 2, which coincided with the support zone and little growth, but soon turned around and dropped lower this level, breaking it and reaching the trend line. Then the price started to move up inside the upward channel, where it soon broke support 2 again and rose to the resistance line of the channel, after which corrected to the support zone. Next, Gold continued to move up inside the upward channel and later it reached support 1, which coincided with the support zone. Then price some time traded near this level and a little later it corrected the trend line, which support line of the channel also, after which turned around and backed up to support 1. Soon, Gold broke this level and continued to move up inside the channel, so, now I expect that XAUUSD will rise to almost the resistance line of the channel and then drop to the 2525 support level, making a correction movement after a strong impulse up. That's why the support level is my goal. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
4
EURUSD Correction after hitting a ResistanceEURUSD has formed a tweezer candle pattern on the weekly chart, indicating a potential reversal. This pattern suggests that the recent move may have been a false breakout above 1.1200. Since June, the pair has seen a strong bullish run, and it now seems poised for a correction. We could see a complex pullback, potentially forming an ABC pattern, as the price has broken and closed below a key upward trendline that has held for the past two months. The market may test levels below the psychological mark of 1.1000. The target is the support level at 1.09800
Short
by RTED_Investing
#GBPCAD possible head and shoulder formationAs you can see in the chart, we might be observing a potential Head and Shoulders pattern forming on the 1H timeframe in GBPCAD. Given the bearish market structure on the 4H timeframe, this 1H bullish move could be viewed as a corrective rally within the larger downtrend. Additionally, there is a bearish divergence between the left shoulder and the head, further strengthening the bearish confluence. To enter a sell position, I recommend waiting for the price to drop below the 1H EMA (blue line) and then look for a bearish setup to confirm the trade.
Short
by mohemati
JPN225 Drops Back to Correction TerritoryThe benchmark Japanese index experienced a steep decline after the central bank stepped up is tightening efforts at the start of the month, but was able to cover the losses as investors calmed down. However, the BoJ is likely to raise rates again and along with the Yen’s rebound, JPN225 could face sustained headwinds. The index loses ground this week and falls back to contraction territory, as Nvidia’s slump amidst broader tech fears, spills over to Japan. Key Japanese chip manufacturing equipment companies and major Nikkei constituents like Tokyo Electron and Advantest suffered heavy losses. JPN225 is now exposed to the 38.2% Fibonacci of its recent rebound, which bring back the risk of a near market. On the other hand the RSI points to oversold conditions, while the stock market’s strength goes beyond monetary policy and weak Yen. Above the 38.2% Fibonacci, JPN225 can push for higher highs (39,204), although sustained advance has a higher degree of difficulty under current conditions. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”) (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:JPN225Short
by FXCM
1
Gold Demand Surges in Asia as Local Currencies Weaken the gold market is expected to maintain a soft upward trend. This projection is supported by several factors, including technical indicators showing positive momentum that isn't yet in the overbought zone, suggesting that the path of least resistance is upward. In the short term, the price of gold is likely to stay around the $2,500 level, with possible resistance at $2,480 and support near $2,430. If there is a significant pullback, it could be viewed as a buying opportunity, especially if prices dip towards these support levels. However, a break below $2,400 could indicate a deeper correction​ Overall, the gold market is showing a bullish bias, with the possibility of prices continuing to rise throughout the month, influenced by ongoing geopolitical tensions and economic uncertainties​
OANDA:XAUUSDShort
by BELLATRIXFX
If NVDA falls, How far will it Retrace?? - NVDAHere I have NVDA on the 4 Hr Chart! Price on NVDA is showing exhaustion in the $126.83 - $133.75 Range, just shy of the Previous Highs in June & July. This Range is based off the Beginning of what seems to be an Elliot Correction Wave from the Lower Low @ $90.69 followed by our High (Point A) @ $108.8 then our Higher Low (Violation of Structure - Point B) @ $97.53. Confirmation of Wave comes once Price Broke Point A to Push Higher to Point C where it stalls now! Now, using the Fibonacci Retracement Tool, we can see that if $130 stands to be our new Higher High, price should be looking to make a Higher Low by Retracing to the Fib Entry Zone between $119.19 - $113.77! -Once Price confirms the Correction Wave, we see the RSI cross Above 50 -Price is now trading Above 200 EMA *AREA OF CAUTION* -Price created quite a Price Gap between $110 - $112 so we could possibly see price make a another 38.2% retracement to Fill The Gap before moving Higher!! Earnings & Revenue Due Wednesday Aug. 28th.
NASDAQ:NVDALong
by Novi_Fibonacci
4
Apple (AAPL): Swing Entry on the HorizonLast time, we narrowly missed the entry on Apple by just a few dollars, and after that miss, the stock no longer presented a compelling opportunity, so we decided to wait. However, after observing from the sidelines for a few months, it seems that another chance to secure a profitable swing entry might be approaching. To increase our confidence in this potential opportunity and secure a better entry point, we need to closely monitor further movements from this tech giant. The current price action strongly suggests that a flat pattern might be forming following the recent drop. If this flat pattern does materialize, it could manifest as either a regular flat or an expanded flat, and this will be crucial in determining our entry target zone. At this stage, the area between $200 and $180 seems the most probable and attractive for a potential entry. Given the broader market trends and Apple’s recent performance, this zone could offer a favorable risk-reward ratio. We’ll be watching for any developments that confirm this pattern and provide a clearer signal for entry. Stay tuned for further updates as we refine our strategy and prepare for a possible move on Apple.
NASDAQ:AAPLLong
by freeguy_by_wmc
NVIDIA (NVDA): Wave 1 Nearly Complete – New Entry Opportunity?After a break, we’re taking another look at NVIDIA, which is now around $100 — which sounds like a much more attractive level compared to $1100. But it isn't, as in the meantime we witnessed a stock split. We still see more upside for NVIDIA as we believe we are in Wave (5) of the current cycle, if our count is correct. Zooming in, the past surge doesn't need much commentary as it was mostly upward movement without significant corrections. Now, it looks like we’re getting into the intra-wave structure. We expect Wave 1 to finish after one last leg up to complete the five-wave cycle for Wave 1. Afterward, we could look for entry points at the end of Wave 2. If this scenario plays out with the bearish divergence on the RSI, we will update you on how we plan to position ourselves.
NASDAQ:NVDALong
by freeguy_by_wmc
BTCUSD | CORRECTION HAS NOT FINISHED YETInstead of having simple ABC correction in 4th wave, Bitcoin is moving to complex one - WXY, We have a Zig-Zag to 50% correction level for 3rd wave. Probable future scenarios: - one more Zig-Zag up to ~65k or even slightly more, and after it final Zig-Zag down to previous levels: ~52k-50k; - final Zig-Zag from current levels down to the same levels ~52k-49k or slightly deeper to previous wave support levels ~45k-42k. After that, Bitcoin will go to final 5th wave of bull cycle. Hold your cash ready for one more deep dive.
by Lucique_
XRPUSDT potentially good moment to reenter on the correctionXRPUSD has recently seen an upward impulse move but is now pulling back after encountering resistance. The price has retraced roughly one-third of the previous bullish advance, indicating some selling pressure, yet the overall trend remains intact within an ascending channel. A complex pullback has formed near the resistance zone. The breakout and close above the critical 0.500 level signal growing momentum in the market. This could suggest a potential accumulation phase, as buyers might be waiting for a more attractive entry point. The psychological level of 0.500 is expected to offer strong support. If this level holds, it could provide an opportunity for buyers to re-enter the market, potentially triggering another upward leg. The outlook remains cautiously optimistic, as long as the price stays above this crucial support. The target is the resistance zone around 0.6160
COINBASE:XRPUSDLong
by RTED_Investing