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US CPI YoY comes in cooler than expected ! đ Actual: 2.3% Forecast: 2.4% Previous: 2.4% Inflation is easing â markets might love this.
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$NEAR â Falling Wedge on the 15-min Chart A falling wedge has formed on $NEARâs 15-minute timeframe â a classic bullish reversal setup. Price is squeezing into a tight range, suggesting momentum is building for a breakout. Key Takeaways: Pattern: Falling wedge (bullish) Support zone: ~$3.00 Breakout confirmation: Close above $3.15â$3.18 range Potential upside: Retest of $3.30+ if breakout holds This setup favors bulls if volume steps in. Keep it on your radar â breakout traders could find this a low-risk opportunity with solid risk-reward potential.
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$SUI â Elliott Wave Breakdown & Key Retracement Levels $SUI just completed a clean 5-wave impulsive rally, peaking around $4.20. This move suggests strong bullish momentum, but also signals that a corrective ABC wave could be underway. Hereâs the breakdown: Impulse wave (1 to 5) launched from sub-$3.00 and peaked at ~$4.20. Now entering a corrective phase, typically unfolding as an ABC structure in Elliott Wave Theory. Based on Fibonacci projections for wave (c), here are key levels to watch: 0.618 Fib: $3.6880 â a mild correction, often seen in strong uptrends. 1.0 Fib: $3.5005 â represents equal length from wave (a), a common ABC completion. 1.618 Fib: $3.1971 â deeper correction if sellers gain control. Weâre likely to see a short-term pullback. But if price reacts positively at any of these levels (especially $3.50â$3.20), it could set the stage for the next leg up. Watch these zones for confirmation before positioning. A bounce with volume = potential long. Breakdown below $3.20 = caution.
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$ACT Bearish Flag â Breakdown Watch! #ACT is forming a bearish flag on the 12Hr chart after a steep drop in early April. Hereâs what stands out âšïž Sharp impulsive move down, followed by a slanted consolidation zone Price is now approaching the top of the flag near $0.09 If it fails to break above, the pattern suggests a potential continuation move to the downside Key levels to monitor đ Resistance: $0.089â$0.093 Breakdown support: ~$0.072 Confirmation zone: If price breaks below flag support, it could revisit April lows near $0.045â$0.05 Pattern still developing, but caution is advised if youâre bullish here.
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$TOSHI â Wave 5 Peak In Sight đ #TOSHI has just completed a Elliott Wave 5 move on the 3H chart â and itâs flashing signs of a potential local top at 0.0009942. Hereâs the wave-by-wave breakdown: Wave (1) kicked off the trend Wave (2) retraced smoothly before a powerful impulse in Wave (3) Wave (4) formed a healthy base â tight consolidation Wave (5) extended to the 1.707 Fib projection â signaling exhaustion may be near Whatâs next? - Watch retracement levels: 0.382 Fib: 0.0008432 0.5 Fib: 0.0007966 0.618 Fib: 0.0007499 If support holds at those zones, bulls could regroup. If not, we might be heading into a deeper correction (Wave A of ABC). Stay alert â smart money watches these wave ends closely.
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