Roses are red Violets are blue You should be taking profit I have but have you? There were so many different buying opportunities outlined on the chart here going back into late December and early January but it has run and we're starting to create a very large ending diagonal. It's best to take profit on any position that may be open on ROSEUSDT. I do not...
After a strong rally price formed a nice ending diagonal. This is a strong reversal pattern. We can see a nice pinbar also. I expect a retracement at least to 0.30 level Entry: 0.3977 (now) Stop Loss: 0.42 Take profit: 0.33 Lets see!! Best regards.
BTC just made a pullback to neckline of the major Head and Shoulders formation on macro. Now, the price action is abandoning the distributive structure with weak volume, due to a micro H&S. Points of interest We can see on this chart levels to be watch in a potential swing downward. BTC has been trading in a choppy structure, consolidating within a ending...
Markets are slow, they did not change much for the last sessions. Well, the only mover of the Asian session is AUD which found support at rallied after RBA hiked from 3.10% to 3.35% as expected. More important RBA mentioned that further hikes will be needed to bring down inflation, which is not a surprise after a latest jump in CPI figures. But despite the hawkish...
Cryptocurrency DAO Maker is trading bearish for the last year, but the wave structure looks like an A-B-C corrective decline that can be slowly coming to an end, ideally at the end of 2022 or beginning of 2023. From Elliott wave perspective we are already tracking a motive wave C, which should be completed by a five-wave cycle of the lower degree. In this case as...
Price action, based on Elliot Waves principles, is falling from peak after complete an Ending Diagonal from the last extended impulsive wave to a potential target at local demand in hourly timeframe in a possible 78,6% retrace as shown on AB=CD pattern, below volume POC and after reject Anchored VWAP from May '22 bottom. Consolidating in a parallel channel as...
Price action and chart pattern - descending triangle with a bullish divergence pattern in weekly timeframe is considered a strong reversal trading signal. Wave projection: A possible 5 wave of major A-wave correction coming forming an ending diagonal wave targeting 0.5 - 0.618 fibonanci extension of previous 3-wave downtrend. Entry: Descending triangle breakout /...
we had a previous analysis stating that we are currently in a triangle or triple combo correction, but after a review and suggesting different scenarios to the same chart we can also have a different reading, and honestly this is more accepted than the previous one, right now i'm not sure if wave 3 has ended and price is making wave 4 but patience is a vertue when...
Ending diagonal is coming ? It could to be. While that btc down. And bullrun 2024 ?
Previously we talked about Gold selling-off as we saw wave (C) form an Ending Diagonal Pattern which in this was a contracting diagonal. It seems like price continued to rise and that doesn't really invalidate the idea of an Ending Diagonal Pattern, but we have to see a short term buy before seeing the next drop on the XAUUSD chart. The pattern is still occurring...
just by the slope we can see we have a time consuming correction and by overlaps we can suppose we have a lot of diagonals, well this is my count if you have a better one call me
Still in Structure of wave 5 of 3 in Ending Diagonal structure expected to finalize @ 1836 - 1856 levels and could be extension 1860.
BTCUSD is trading at strong monthly support zone, but on a daily basis, it can still be pointing lower within the final 5th wave that can be forming an ending diagonal (wedge) pattern. We see it currently trading in subwave 4 correction, testing that June lows as a resistance from where we can see another and final decline for wave 5 of (5) with room towards...
CAPITALCOM:DXY DXY H4 Will the market complete a potential ending diagonal pattern before giving a bullish reaction during a CPI session tomorrow 13th December 2022? #Watching closely
Price action and chart pattern trading > A possible ending diagonal minor 5-wave with a bull flag pattern as well as RSI bullish divergence > An upcoming reversal supported by a strong harmonic pattern - bullish deep crab squeezed below EMA20D - Entry point zone > Target TP1 @ Upper bull flag resistance zone +30% and TP2 @ X2 of Bull Flag EMA200D zone +60% > Stop...
An ending diagonal is a special type of pattern that occurs at the end of the trend. Normally it causes a sharp reversal as it happened recently on USDCHF. The question is where we go from here? Well, we have five waves down on Swissy which means more downside is possible after a three waves up. And if that would be the case then Gold can rally further based on...
USDCHF is finalizing an Ending Diagonal. Call it Ascending Wedge , whatever... it's a Divergence. So, a big Bearish move should start. I like Elliott Wave!
EURJPY is back a the highs as expected, as we talked about in our past updates when recognizing a wave (B) retracement which belongs to a higher degree wave 5 of an ending diagonal. An ending diagonal is a special type of reversal pattern that occurs at the end of the trend. It has a wedge shape which suggests that despite higher prices bulls are not that strong...