BIAS: Short Technical Aspect: Elliott Wave Theory - 5th Wave target is based on Fibonacci Cluster. Macros: If we see a dovish cut tonight from RBNZ, 1% to 0.75%, this should support the Technical Analysis. If RBNZ refuses to commit themselves from easing, we can potentially expect this move on a smaller timeframe.
BIAS: LONG 5TH WAVE POTENTIALLY LONG POSITION SUBJECT TO BREAK OF THIS FLAG PATTERN
BIAS: SHORT 5TH WAVE FLAG PATTERN THIS IS STRICTLY BASED ON THE BREAK OF THE FLAG PATTERN
BIAS: Short 1, Wedge Pattern 2, Currently its on the 4th wave of this impulsive wave and we are looking to catch the 5th and last impulsive I would ideally get into this trade after it breaks and closes below the pattern, ideally I would want to see a daily closure. Targets are based on Fibonacci Cluster
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Silver will complete 3rd wave , completing it's last 5th wave, then after correction there will be another impulse , probably, up to 17.5-19$
BIAS: SHORT WEDGE 5TH IMPULSIVE WAVE TARGET IS BASED ON FIBONACCI CLUSTERS (EXTENSION + EXPANSION) + MONTHLY SUPPORT
Yees, my friends! We did it - We went up as I predicted. This was an EXTREMELY important weekly close we had yesterday, and we managed to make that spike I told you about, and went to the upside. We are right now just below 12,000 USD, and Our Family have already made money on this trip. But dont worry, you can still make it.This is most likely just the...
Technically, US Oil has entered the 5th impulsive sub-wave Waiting for an entry on smaller timeframe such as H1/H4 - Will update accordingly
OK friends, please note that to get a cohesive view of this Elliot Wave analysis of GLD you would have to see my first post (Gold is going down soon- then up) on Mar. 13 as the scope of the wave count is tool large to represent in 1 chart. In that post I was of the view that GLD needs to dip to complete a 4th wave then head up and I was right, one week after...
Bitcoins 3rd wave is coming to an end very soon which means a drop is around the corner of at least 8%. Those long may want to liquidate their profits soon and re-enter at a lower price. There has already been an evening star formation on the 4H BTCUSD chart, that shows a reversal has already occured. My analysis shows that there is still 1 wave missing (the 5th...
Dear Friends! We are still following the path down my 5th Wave Ending Diagonal. Let me summarize: Ending Diagonals Happens When: - The price has declined extremely fast and too far during wave 1 to 4 due to panic - Bitcoin is now oversold - Investors has begun to accumulate or buy steadily - Descending wedge/diagonals points to an accumulation - Ending...
ETH is a very crucial point. That is the area between 110-108 USD. Why may you ask? By drawing an ABC we have 1. fibonacci which ends at 108 USD. Within the C wave we have 5 other waves. The 5th wave ends typically at .2 Fib or 2.272 fib. .2 fib in this case is 110 USD. So if we dont get a bounce between 110-108 area. ETH will go along and test 2.272 fib...
Hey tradomaniacs, repost of my recent Idea EUR/JPY - Let`s ride this wave to finish the impuls-phase! Make sure to buy above 130.000 (round Numbers = psychological resistance) Type: Swingtrade Buy: 130,091 Stop-Loss: 128,032 Taarget 1: 133.00 Target 2: 134.035 Peace and good trades Irasor Trading2ez Wanna see more? Don`t forget to follow me. Any...
Looks like the bulls are not done yet. This EW model projects a possible new high for Dow. Not saying it's going that far but it sure could. Any hint of a positive comment or encouraging word from FOMC this week about future rates will ignite another leg up on this breakout rally. They are buying the dips. Monday's grind off took index down to weekly support,...
Hey tradomaniacs, quick another update for OMX-30! Trend seems to continue in order to finish the last and 5th-Wave of the impuls-phase! Type: Swing-trade Buy-Limit: 1.632 (conservative) Buy-Stop: 1.650 (aggresive) Stop-Loss: 1.607 Target 1: 1.680 (Double-Top-Potential) Target 2: 1.721 (ATH) Trend-following-Strategy: Don`t use Take-Profits...
After a shallow brief wave 4 now in progress expect higher again for a week or ten days. Wave could carry Dow back to Jan high or perhaps a bit shy. Should get within 2 percent. By early to mid-September we could see Dow reach a new alltime high, although it has lagged Sand P and Nasdaq is a real bubble. Market was forming a smallish wave 4 when the Donald...