Since US500 has strong close last weekend above 18dma i am looking at target of 3070 and 3130 ( Elliot wave 5 target) stop loss need to kept at 2920 and i will be long due to technical signal
Well, I do.
The technical analysis has many methods that could be followed to make money. Sometimes emotionally you attract to one method than others and here is the problem. I tried several times to use Elliot waves solely even if traditional classical analysis such as chart patterns are very clear. This triangle of them.
I believe the wave 5 will be complete around 78 fibonacci level
reasons : 1 was extended and 3 cant be the shorter, so 5 should be shorter or equal than 3
if 5 reach 100 fibo level then 3 will be the shorter impulse which is wrong, thats why i believe 5 is almost done.
also price is forming divergence and the momment looks slow
then price should start the...
Hi everybody!
This is going to be my first post here! hope you guys, help me improve my TA knowledge telling me if this charting makes sense to you or not, and why?
To be honest, I am stalking XTZ for a while now (for some personal interest and hope in the future of this coin. Based on overlapped Fibonacci levels and the information we get from price action...
Hello all, here it is I provide you the chart work of bitcoin for lower time frame, I want to cover the short term bias and the new EW count that could be more valid than my previous count.
If you've seen my previous analysis about bitcoin's expanding wave diagonal, you will now that in the C wave, we can see some other structure beside the expanding wave, the...
Triangles provide great opportunities when it comes to solid trade setups. Such a setup presented itself in the IOTA market. There are ways to properly trade these setups with correct risk reward levels and without increased stress levels.
I have just recorded a 10 min video on how to do it , so pls check the YT link below the chart for advanced explanations.
Hi Traders,
As an elliotician ( I call myself like that, because I like using elliot wave technique to predicting market ) , I really like to just wait and see to one of my favourite pair , this GBPJPY !
As you know, I always post my tutorial about GBPJPY ( mostly 4H timeframe ) and you can see, the price get push up to try reach the wave B.
No matter seller...
Hello fellas, welcome back to the Sunday night update about bitcoin. Today is the January 5th, 2020 and this is going to be an awesome update for bitcoin for mid term use of trading set up. Here we go.
I have to admit that my previous perspective which said that the B wave has already confirmed could be invalidated when the price breaks the green region around...
GBPJPY Dec 30, 2019
As you can see, on 1H timeframe, after I re-calculating wave, price ever formed TRUNCATION movement ( and that happened in wave v )
** I suggest you to read a book ELLIOT WAVE PRINCIPLE by Robert Prechter & AJ Frost, so you know what that TRUNCATION
In conclusion:
After TRUNCATION, the price will be raised to wave B, after then many will fall...
Based on Elliot Wave patterns, Fibonacci numbers, extensions occur in fib values. My last chart was a weekly chart I think, cause this one shows possible dauily retractions comming up at .38 or .5 most likely.
Sorry guys, I know there is a video function available and it would be much easier if I could use it but too bad, my laptop is not able to do it for now. But I promise to get it fixed asap.
Some followers have been asking me how do I do my analysis and read the charts. So I decide to do this as simple as I could , literally putting the thoughts in my head to...
Feeling sorry for people who falls in love with one particular asset or stock and then disregarding everything.
Human stupidity has no bounds . People pay attention to people like Tone Vays who has been wrong and misses all the big gains in crypto and calling everything a scam. Not knowing that even Bitcoin is SUBJECT to MANIPULATION and is subject to the whales...
There is a good reason firms hire people to trade a single asset class (oil, cocoa, us bonds...).
And at the other end of the spectrum: Fresh retail traders start following a signal newsletter, they don't care about learning how markets work, they could not care less about history, fundamentals, etc. They follow some dumb service that pumps out signals on 50 FX...
I just realized something when counting Elliot wave from old gold movement weekly time frame
there is no 0.618 retracement!!!
so IMO if I believe gold inside supper bullish trend right now, gold would never reach 1370 area again for a while
Hello fellas, Do you remember when I said that is a probability for EOS to touch the previous support that is now become a resistance as a possible action for phase 2 break out strategy? Yes, I believe that scenario is going to happen before a major drop and still I am expecting a rejection at retested region for phase 2 confirmation.
But, as a day trader that is...
