Adobe - The Triangle Breakout Is Coming!Adobe ( NASDAQ:ADBE ) still remains in a bullish market:
Click chart above to see the detailed analysis👆🏻
For more than four years, Adobe has actually been moving sideways, still digesting the crazy bullrun which we saw over the past decade. Looking at the symmetrical triangle pattern though, this is just a bullish consolidation, which will most likely end with another bullish breakout.
Levels to watch: $440, $560
Keep your long term vision,
Philip (BasicTrading)
Wave Analysis
AUD/JPY Short and GBP/AUD ShortAUD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/AUD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
Gold - Starting A Major -25% Correction!Gold ( TVC:GOLD ) is starting to reject resistance:
Click chart above to see the detailed analysis👆🏻
After rallying an incredible +35% during 2024, Gold is now (finally) starting to show some expected weakness at a major resistance trendline. Following this quite significant overextension, it is quite likely that we will see at least a short term bearish correction now.
Levels to watch: $2.700, $2.000
Keep your long term vision,
Philip (BasicTrading)
US30 Falls to 42200 and is now in buyers ZoneUS30 Falls yesterday causing much of the traders to lose their bullish trades. The market faked like it wanted to go bullish but slid over 250 points. Price is currently closer to support 42300 and is likely to continue to consolidate between here and 92900. This is a zone to take small intraday trades to make up for any losses sustained with yesterday's slide.
For bullish confirmation look for a retest above 42900.
Be careful by paying attention to look for higher highs and higher lows.
Be safe out there. Good trading.
MOASS: WC: 29.82 Target: 1800-2400 MOASS: 47k-100KTLDR:
Santa Baby!
Price is going to rally starting next week
Wave 5 of a larger degree wave 1 will complete by year end/1st week in Jan
Retracement will be last chance to get price at these levels
Price is fractal and is rhyming in structure
Happy Holidays!
Nat Gas Thursday 19 Dec Even though Script opened with a 3% gap on the upside, the day was quite rewarding. Movements weren't that quick so trading manually wasn't that difficult. Buying on dips and selling on rallies was the name of the game today.
It started creeping on the downside for some time but that turned out to be a temporary fall. The Market gave abundant opportunities to cover the losses.
Whoever trades moving average crossover might have lost money due to the choppiness in the market. The day rewarded someone who doesn't act on FOMO. And punished those who can't handle big but temporary drawdowns.
That is it for today. Hope whatever vehicle you trade has paid you handsomely. See you all tomorrow!
Xrp - Another +100% Pump Is Starting!Xrp ( CRYPTO:XRPUSD ) is sill just getting started:
Click chart above to see the detailed analysis👆🏻
Xrp is so far perfectly following the repetition of cycles after we saw a beautiful breakout candle of November with an insane move of +280%. Looking at previous behaviour, it is now actually very likely that Xrp breaks the previous all time high and continues its strong rally.
Levels to watch: $3.0, $5.0
Keep your long term vision,
Philip (BasicTrading)
Nasdaq - It All Comes Down To This Month!Nasdaq ( TVC:NDQ ) is at a crucial breakout level:
Click chart above to see the detailed analysis👆🏻
The Nasdaq rallied an incredible +25% over the past couple of months and is now actually also breaking a major resistance trendline towards the upside. This could still turn into a false breakout but if it doesn't, we will most likely see a flourishing stock market year of 2025
Levels to watch: $21.000, $28.000
Keep your long term vision,
Philip (BasicTrading)
Why I think the SPX500 upside is now capped to 6285 maxIn this video, I have covered century long Elliott Wave counts briefly to present a case on why we are close to completing the upside and soon will be rolling over to the downside. Only one leg on the upside seem pending and that should not extend beyond 6285.
Watch the video for details.
P.S. - There is some disturbance in audio during start so please bear with me.
CAD/CHF (Trade Recap) and EUR/AUD ShortEUR/AUD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
SOL/USD: Will Solana Blast to $400 or Dive to $70?Hey Mindbloome Family, let’s talk about Solana—it’s at an important spot right now. Here’s how I see it playing out:
If Solana gets to $202, it could really take off and head for $400 or more.
If it dips to $155–$160, there’s still a chance it bounces back from there.
But if $155 doesn’t hold, we might see a deeper drop to $65–$70.
Wellness Tip: Remember, it’s not just about trading—taking a short break or stepping outside for some fresh air can help you stay sharp and focused.
If you’ve got questions or want to chat more about this setup or trading in general, check out my profile or send me a DM. I’m here to help and share what I’ve learned.
Kris/Mindbloome Exchange
Trade What You See
S&P500 - The Next 14 Days Will Decide Everything!S&P500 ( TVC:SPX ) is about to break all resistance:
Click chart above to see the detailed analysis👆🏻
Over the past couple of weeks, the S&P500 has been repeating the major breakout rally of 2021. Back then the S&P500 actually broke above the channel resistance and immediately rallied more than +15%. If we see the confirmed breakout, we will likely see the same thing happening again.
Levels to watch: $6.000, $7.000
Keep your long term vision,
Philip (BasicTrading)
BTC | ETH | ALTSEASONBitcoin is trading just underneath yet another ATH, and I'm watching the ETH chart in anticipation for a new ETH All Time High - there is just no way that BTC makes such a marvelous high and Eth stays behind.
The beauty of this, furthermore, is that during and especially AFTER a new ETH ATH, we can expect to see more rallies across the alt market, especially on the coins that have been lagging behind. This however, will also signal the beginning of the end of the bullish cycle.
This post specifically delves into more detail on TOTAL3, BTC.D and the Bitcoin chart. You can to watch it for key indications as to when the bullish cycle is turning bearish:
_______________________________
CRYPTOCAP:BTC.D BINANCE:ETHUSDT BINANCE:BTCUSDT
CAD/CHF (Trade Recap), AUD/JPY Short, NZD/JPY Short and EUR/JPYAUD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/JPY Short
Minimum entry requirements:
• If tight 15 min continuation forms, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/JPY Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Micron (MU) is Heating Up! Breakout at $114.52 and Soar UP Key Levels to Watch:
Breakout Level: $114.52
Retracement Target: $122
Major Resistance Levels:
First Target: $140
Final Target: $170
What to Expect:
If MU can break and close above $114.52, we could see a retracement to $122, creating a solid base for the next leg up. Once it clears $140, the path to $170 becomes much clearer. This level will be critical for the bulls, and if it’s breached, MU could be in for an exciting run!
Kris/ Mindbloome Exchange
Trade What You See
MOASS: WC: 27.99 Target: 1800-2400 MOASS: 47k-100KTLDR:
BOOM!!!
Volume Point of Control (VPOC) is critical to watch as well
VPOC tracks the major waves in the wave cycle and will sit between major waves
VPOC and where it sits in relation to price, like VWAP, helps us track the progression of waves
Next move will take us to the 35-40 region
Price will then retrace back to the 28 region which is where we will see an EXPLOSION IN PRICE
That move back to 28 will be your last time, maybe ever, to get GME at anything near these levels
The next move after the retracement to 28 takes us to 70
After 70 comes CHEERS EVERYBODY!!!
xauusd on bearish range#XAUUSD on double retracment, price based on H4 past candle have corrected on same direction which turns out bearish, firstly we expect 2644 then breakout below the D1 low will drop below. Sell stop at 2657, take profit 2644-2630, stop loss 2665. Gold bullish is not strong for today.