Hi Traders! Today we are looking at cryptocurrency Dash. We chose it deliberately because we see an interesting opportunity in it. We can read a clear bounce (impulse) on the chart, that came last month. Since then, Dash has been moving in the channel. Dynamics, growth and angle which we grew under are much steeper than the decline. In addition, this decline is...
There is a possible long swing in Gold as I am still expecting a 3-wave move up before the downside resumes. However since on the 4H time frame we look red I would still wait with a entry here until we have more confirmation in the price action 1H.
40+ Pips SELL remaining! Good Luck! KEEP THE RADARS UP!!!
Hey Roger Ver, looks like we going to ether 340, 420 or even 550 with this "second" bitcoin not to hurt ur feelings. I like BTC more anyway, but I think Bitcoin ABC is a very creative name. GJ.
Looking to get short on EURAUD. We have a potential ABC (zigzag) correction forming and my target will be new lows for the liquidity.
AUDUSD is currently finishing a corrective wave and getting ready for the next wave up. The sell zone on the chart would be a good place for a short term sell for 30-50 pips. Take profit (TP) 1 is also our buy minimum which is confluent with the fib cluster of 38.2% & -27%. TP 2 is our buy maximum which is confluent with the -61.8% & 50%. TP for the long is the...
The recent rally does not appear to be a wave 3 type thrust. Wave b triangle forming which means wave c down is still in the future, probably before end of the year.
EURUSD is currently finishing a wave 4 and getting ready for a wave 5. There are two entries; a buy miniumum at the -27% of the ABC of wave 4 and a buy maximum at the -61.8% if wave 4 corrects lower. Keep in mind that the ECB has their interest rate decision and press conference on Thursday Oct 24th at 7:45-8:30am EST. This will cause a lot of volatility in the...
XAUUSD has been consolidating and bouncing around in a falling wedge pattern aka bull flag since it made a 2019 high in the beginning of September. In this analysis we have 2 scenarios which could play out. First one, from a purely technical perspective, we have a cluster of Fibonacci levels right at the psychological $1450 level. Price could potential come down...
GBPUSD looks to have finished wave 3 of a larger Elliot wave cycle on the daily timeframe. After a wave 3 is a corrective pullback (wave 4) before a final wave 5. In this analysis we can see price made an impulse wave 1 then made a corrective pullback to the 61.8% to complete wave 2. Then another impulse wave up for wave 3 which has reached a critical resistance...
AUDUSD has bounced from a yearly low and is starting to show signs of a reversal pattern. Waves 1,3,5 are impulse waves which you can see broken down in the 5 wave (light blue). Waves 2 & 4 are corrective ABC waves (pink). The purple shows the completion of the first 5 waves which represents wave 1 (white) of a larger Elliot wave cycle. Wave 2 (white) would be the...
Im expecting AUD/JPY to make a 3-wave abc. We potentially could now start the C wave to the upside.
I am still missing one more leg up in the US Markets. The overall picture is bearish in my count however I am expecting that the recent downturn will be corrected in a 3 wave structure. We can see this structure a lot more clearly in the European Markets already, however in the US Markets not so much this might be due to the Trade Deal shenanigans we have...
A interesting setup with a good chance to risk ratio could play out in the USD/JPY. I expect this pair to be in a corrective channel making a 3-wave corrective structure to the upside. Once we reach the highlighted target area the pair should be observed more carefully. Please dont make an entry blindly there needs to be confirmation in the smaller timeframes as...
The US Markets could make a corrective 3-Wave move to the upside. If this scenario plays we should see a c-wave to the upside which has the 100-123.6% fib. ext. as target area. Chance vs. Risk would be about 2 or higher at the moment. Note that my overall picture on the US Markets is still more to come on the bearish side.
If bitcoin falls below 8000 we will quickly see this drop back down to 7700 I will be setting a sell order on the break of B wave on the 4 hour chart, trade will only be active if this price is broken. We can see the 4hour forming an inverted cup with handle, as mentioned wait for the break of B wave to enter and set target to 7700 We can see on the weekly...