Ethereum / ETHUSD Very high probability abc to 106. High probability wave to 168.
ABC is approaching our first resistance at 87.12 (horizontal pullback resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur to our first support at 81.08 (horizontal swing low support, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Facebook looks like a clean 5 waves down and clearly impulsive off that low. It makes sense to look for a large ABC to come off that. When we top this move which will likely coincide with the broader market top, we are looking for 3 waves down and another impulse up to finish the correction.
With reaching the .618 in what looks like an impulse, albeit somewhat weak, I am inclined to think its an A wave and we are making a larger flat pattern in the broader markets. Looking for an abc down to the .618 retrace and a good trade long on the potential C wave up. Order blocks fall in line well with the retracement zones.
Let's take a look at AmerisourceBergen Corporation. we see that we are currently meeting a lot of challenges. we have the two green line which serve as trend limit and backtest. The Red Line was also used in support as a support which now acts as resistance. further we have the 200 EMA which additionally serves as a dump. In my opinion, this is not very strong in...
I think that NZDUSD could come back to the 78,60 % rectracement (0.65410) of the A leg which originally started in Oct 18. It coul finish to build the B leg of the major ABC correction and would also be the c leg of the minor abc correction. The following move could then be a big push upwards to the 127,2 % Extension of the major A leg to 0.71176 or even higher to...
75+ Pips SELL remaining Good Luck! KEEP THE RADARS UP!!!
200+ Pips SELL remaining... Good Luck! KEEP THE RADARS UP!!!
If we are doing a big ABC correction, this analysis shows how it can go down. Gant fans used to help time with major events coming up that can shift sentiment. 2 Gant fans - 1 off ATH's to Dec pivot. another from Dec pivot to 2700 target. Fib targets shown to the left from the 2 big pulls and Fib level (50/100) shown to show our recent reaction off these levels....
150+ Pips SELL remaining Good Luck! KEEP THE RADARS UP!!!
My eyes are looking at the green box. For now, R4 from this and last period look like sexy places for price to go ; ) This is not financial advise. This is my plan. I plan for it to head to the sexy pivots... ...like if you think R4's are sexy...
After a significant impulsive move up in December BTC has been in a corrective phase since. Price is currently poised to head higher after completion of C-wave. Short-Medium Term Bullish on BTC. Stop below $3K. Trade With Care My Friends! :)
GBPJPY ANALYSIS. ABC Pattern : B Wave completed at 61.8fib of Wave A. Looking forward to wave C.
Second scenario where A wave is just to be formed. Target of 5th wave of A is around 0.618 fib of whole 1-5 structure formed sinced 14.1.2019 (7€). If so, target of C wave should be around 0.786 fib of whole structure.
First posible scenario with C wave extented to 1.618 fib of A-B. Posible target of C is around 0.5 fib of whole 1-5 structure which is forming since 14.1.2019 (7€)
-Going long here -Abc correction looking healthy -long term undervalued
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