According to fractal theory and elliott laws We are in third micro wave of C And the market can move according to the rules BUT ALL OF YOU MY FRIEND DONT FORGET STOP LOSS
Dear Friends, LINK/BTC completed an ABC Correction after making a test in his All Time High, after Reversal in his Long Term Suport, and now is testing one importante Resistance Level, if it Breaks there will be a long opportunity
Simple ABC correction on H4. Uptrend will continue soon.
Looks like they're making (A) Wave of correction And they maked first and second Wave of (A) We at least expect that Third wave of (A) get to the box We think the market downturn is still going from here. It may increase slightly, but the trend is still down
Looks like EWZ is about to make a strong move. Lots of bullish momentum could push the price through. Not expecting a new impulse leg up Break below 20ema and psar invalidates idea
The correction seeing on USDJPY could let prices fall a tad lower, providing a better structure for minor A. This should be followed by a "three" correction, where minor B is going to offer some buying opportunities in the short-term before sliding lower towards the golden Fibonacci retracement level of 106.67. Better remain patient for minor B to...
The previous chart I shared on this instrument was the abc set-up that works pretty good most of the time. That being said, there is no kind of guarantee that price will move as mentioned. Always use equity stop losses that are realistic and ultimately at previous high or lows. Then manage the risk properly, use trailing stops or do soft profit taking at previous...
As i shared in the previous chart on EU, I like to look for a retracement and follow up with the projections. If I see price find support below 38% im expecting a reversal of the impulse. If price finds support above 38% im expecting a continuation. To confirm a continuation of the impulse , I like to see resistance at 11% projections, which happened to be the...
The 3 point fibonacci set-up failed and happened to find support at 88.6% AB which is the completion of a harmonic bat pattern. Here is the 3 point extension set-up: Potential profit targets for harmonic bat patterns: 38% 62% 100% 127-162% Thank you for reading the analysis and dont forget to like the chart. God bless
Here we see EURGBP in a descending channel with the sellers in full control, forming lower highs and lower lows adding selling pressure to the market. Now we are trading in a small expanding descending channel, suggesting that the sellers are stepping out and potentially booking their profits. This gives room for a bullish scenario, and im speculating that the...
Welcome to a weekly outlook on USDJPY. Here we are going to come up with a clear picture using my personal experience with technical analysis. I have spend countless of hours looking at charts, trying to come up with a reason for price movements. For a long time I thought, if you had the ability to forecast the markets, it would automatically turn you into a...
Filled at 109.400 as projected. Trade well done. Break of trendline attracts buyers into the market but fibonacci cluster at 109.642 suggests that the heavy resistance will push prices further down.
I have anticipated the rise of New Zealand dollar versus US dollar using a weekly chart which I will share in the related ideas below. Due to the extreme rejection around 76% of ab leg, I am now expecting the resistance to kick in and drive a pullback towards 38% extension of abc, which is very close to the broken resistance and should now act as...
Here we see a chart very similar to the one I shared with GBPJPY Price failed to retrace above 50% of the AB leg, which signals a continuation of the trend. Momentum is already diverging with price We could potentially be looking at a ab=cd, but that is very optimistic More realistic profit targets would be: 1.348 (38% extension) 1.359 (61%...
38-50% rectracement of AB leg signals a continuation of the AB leg. Divergence spotted Symmetry suggests a rally towards 151. Other potential targets 38% extension: 147.5 62% extension: 148.8 SL below C at 145.4 Thank you for the support, make sure you leave a like and state your comments in the section below God bless and thanks for reading
Afters Monday´s sell off it the red area (50-76.4% retracement) is on my focus. At the moment we have seen a first shy pull to the upside. This move has not yet a 3-wave structure therefore we could correct a little bit but then see a deeper pull into the red area in form of a C-wave. After a clear 3-wave corrective move up ABC into the red area the index would...
Hi, today we are going to talk about AmerisourceBergen and its current landscape. The opioid crisis has been plaguing the U.S at the most for nearly two years now. With scary numbers like the record of 47,600* overdose deaths caused by opioids in 2017 but the number seems to start slowdown since 2018 were the war against opioids gained some traction. In the...
Like analyzed before there could be ABC play in the DAX manifesting itself over the next couple of sessions. The call was still early however now we see the first confirming price action, in focus is now the horizontal trigger level, should it be broken the setup can become active.