LONG short-term to complete the complex correction; 1.4700-1.4860
SHORT medium-term, where intermediate wave (3) concludes its course; 1.39120-1.3425
SHORT medium/long-term, where primary wave 3 completes its course - only valid if the primary impulse is not an A,B,C correction; 1.3625-1.3150
SHORT longer-term, where primary 5 completes the cycle degree...
In today's #marketinsights video recording I analyse #GBPUSDand #USDCAD FX Majors!
GBPUSD records best day in months
- Johnson-Varadkar see "pathway to deal" by end of October
- Despite GDP and MAnufacturing data disappointed
USDCAD down on tradewr optimism
- Trump changed mind and now is open to a partial deal
- Willing to and will meet He on Friday to resume...
At the middle-term chart of 4-hour timeframe we can see that Bitcoin's price is in the middle of red Ichimoku cloud between two major Fibonacci retracement levels. What such situation tells us ?
The answer lies in a retrospective movement of the price. After a rapid and sharp rise to $14 000 level the trend has reversed and ABC correction waves started. The price...
Simple ideas into March 2020 based off the price action zones BTC has/is creating.
I can see a future to 15-18k zone...peak being a spike and probably a very heavy denial. There will be a lot of people trying to recover investment losses of 2018. We are hitting those numbers again. I see the people looking through the hope cycle and pushing numbers to the north...
BTE is setting up nicely for a buy off all time lows. From the weekly we've found major support areas between 2.01-2.20 price area. Trading within a descending wedge on the W1/D1. The double top on the D1 formed since Feb 8th has created a bullish cypher pattern and this is the area where we'd expect to buy the D. If you get a continuation this cypher pattern...
Find Winning Trades In Seconds >> efcindicator.com (Special Discount)
AURORA CANNABIS INC. (ACB): A Formed Cup & Handle Preceding New Impulses Waves? It seems so.
Find Winning Trades In Seconds >> efcindicator.com (Special Discount)
Amazon has passed an important and healthy minor correction that seems to be done. Next impulse waves can lead us to 2200.
So this is an idea on a potential inverse H&S Scenario, with right side of the head and right shoulder being part of an Impulse Wave.
Still really new to this TA and just trying to get ideas. Would be happy if the mistakes I am making are being pointed out.
I am still learning and try to read up as much as my time permits. So don't take this TA too seriously...
The larger degree uptrend has already completed wave 1 (impulse in lime green) and wave 2 (ABC correction in red). Soon, we will have wave 3 (the current impulse) complete, which might follow up with a correction (wave 4). If ETH successfully completes wave 3 and then wave 4, we might see a final impulse (wave 5) which will face strong resistance from the downtrend line.
Bitcoin is nearing a critical point. One of the key elements of this TA is to view the chart on a Logarithmic Scale not Linear. If you right click in the right hand scale and select log scale it will toggle the scale type. The yellow trend line(TL) is taken from a weekly chart. Price has remained faithful to this trend line but many traders still may be...
At the moment chfjpy is at the 5th impulse wave and it's on major support Pivot P monthly.
If there's a break of this trend resistance line (diagonal green) and the Pivot P weekly (resistance), enter this buy for a possible new high (beyond R1 weekly resistance).
Be aware of the resistance levels for your TP
FX:USDJPY
Bullish breakout version after 72 days of "consolidation" between Weekly Support W1 and Daily resistance D1
Basic Elliot impulse with 5 waves:
iMPULSE LEG:
Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains;
Can never exceed the start of wave 1);
wave 3 = 161% ext of wave 1 (can never be the...
