SteveTan

SteveTan

XAUUSD possible forming a BIG base with deep footing (double three pattern) before rally. Price could reach 2180 +/- which is confluence a zone of : 1) Fibo extension 1.618 from wave W to Y (yellow circled) 2) Bullish Harmonic Pattern 3) 233 EMA (white) 4) Lower Support Trendline (blue) of wedge/ending diagonal pattern.

SteveTan

Topglov have broken major resistance with daily bar ( ONLY the higher time frame e.g daily, weekly chart where big player have holding / longer power ) closed above 1.25 with "Momentum" Breakout Bar (check chart detail).

SteveTan

XAUUSD probably reached wave (B)(Green) and price may surging up to 2500 +/- as "roller coaster" sentiment from uncertain rate cut by Sept by The FED.

SteveTan Updated 

XAUUSD possible forming a triangle pattern in wave B (Red). Lock your short position to risk free with price set to breakeven.. if you were short at 2428 +/- from last ideas and let the profit run

SteveTan

NVDA possible forming a leading diagonal pattern in wave (a)(Red). P/s. It seem like 99% stocks/index chart "showing" year 2025...

SteveTan

NVDA just announced a 10-for-1 stock split. So it will be more affordable at $100 +/- than $1000 and "this chart" will be "out of proportion". Support would be @ $900 or 90 +/- (after splitting) if there is a pullback.

SteveTan

XAGUSD probably facing long term resistance at 48.88 +/- and dropping 61.54% +/- before taking off to the moon..

SteveTan

MYEG strong support would be at 0.900 +/- if there was a triangle forming. Even EPF have "pull out" as 1 of major share holder BUT ChatGPT (copilot) still giving 1.33 for its intrinsic value.

SteveTan

XAUUSD probably completed wave (A)(green) leading diagonal pattern. Targeting now toward wave A (Red) which is confluence of zone of : 1) VWAP line ( Blue MA) 2) 1H 233 EMA (white) 3) Parallel Channel support (blue).

SteveTan

TSLA kangaroo still boxing/ hopping inside the ring (triangle) since end of 2021. Strong support if there was a pullback toward 186 +/-. Which is confluence zone of 1) POC of Volume Profile (red horizontal line) 2) 233 weekly EMA (white MA Line) 3) Pitchfork lower channel (blue).

SteveTan

XAUUSD is on its final leg of leading diagonal pattern in wave (A)(Green). Waiting for confirmation in next idea for confirmed stop lost level before shorting.

SteveTan

XAUUSD probably is forming an expanding flat pattern ABC (yellow circled) on wave IV ( blue) of an ending diagonal pattern in wave (c)(Red)

SteveTan

AAPL bigger picture on monthly chart, possible a more than 70% (-74.29&) drop on year 2025 toward 72.63 +/- which is multi confluence zone of 1) Monthly 233 EMA ( thick white MA line) 2)Upper Support of parallel channel ( blue line) 3) Yearly Support Zone.

SteveTan

AAPL still forming a triangle pattern. Probably a -14.90% drop by end of May ( so sell in May still working") or early June.

SteveTan

XAUUSD possible forming a tripe zig zag (W)(X)(Y)(X)(Z)( Green ) in wave B ( Yellow circled ) instead of expanding diagonal from previous ideas. The latest CPI data probably "price in" for Just 1 rate cut by Sept 2024 from FED.

SteveTan

Hartalega still trending up to cycle high 4 ( purple ) which is only due at end of year by average (near yellow vertical dotted line) . So how "hi" can it goes?!

SteveTan

XAUUSD's Wave A (yellow circled) is leading diagonal while wave B (Yellow circled ) is an expanding flat pattern (A)(B)(C)(green) So! The correction of gold not done yet!.

SteveTan Updated 

Gold probably is forming an expanding ending diagonal / wedge pattern now while waiting for US CPI on 15 / May/ 24.