ABC is approaching support at 78.41 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 86.84 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is approaching support at 3.09% where a corresponding bounce could occur.
Dear Friends! I will do this very brief cause we are in a very interesting situation - We might already have reached the bottom without most people haven't even realized it. Most would have expected a huge bounce, before a real reversal would take place. But we have mixed signals, and some of them might indicate, that we already have reached our low for...
KEY TAKE AWAY'S: - DOW JONES (DJI) 1. If we drop -16 % from our HIGH, we will go into a Bear Market (red dotted line) 2. 80 % of the time we will also drop to -24 % according to historical data 3. 73 % of the time, if we go into a Bear Market, we will also go into a recession. 4. AND an average bear market last 1.5 years with a -34 % percent decline in...
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...
50+ Pips SELL remaining Good Luck! KEEP THE RADARS UP!!!
AN came off the 1.618 extension of what counts out like a wave 3 of a 5 wave move (which is typical). The 27% extension of "A" lines right up with the low that I am looking for it to break to go for the long term buy. Hoping for a wave 4 correction, and if so, then looking to short if corrective to break that low, then to buy later. Fingers crossed. Three...
Daily Chart Movement - Just my thoughts.
Dear Friends! If you are are curious about them, I will give you the 2 most likely scenarios at this very moment: Let's first zoom even more out, so you have an idea where we are: As you can see we are about to make the Z-structure, which is part of a triple three combination correction. When we are done with this 11 Wave Correction Structure (WXYXZ), we can...
AMZN just completed an ABC corrective wave at a 9 and 13 combo and yearly pivot. The weekly chart also posted a 9 exhaustion signal as well. This is either a bounce to a lower high, probably at 200 day, or a spike up for new ATH Stay safe traders!
First time publishing, but based on my strategy I see this going long and im gonna catch the buy as low as it can get , so I place my fibs and put a buy limit to the 50 and let it shoot from there. Reason for this long is because it broke trend line and will watch the retest for it
Dear Friends!! Did you call your wife yet, and told her that D4 made you rich? - Anyway, you can still do it! So we went up as expected, but I have corrected the waves a bit. Just a reminder - we are still following my predictions from many days ago. As you can see we have finally reached our 5th wave on the bigger B Wave - It's time to a smaller...
If you consider UCAD to have made a leading diagonal (I do) then it just came of exactly the 27% extension of an expanded flat correction. In that case, we do not need to break the high and it can go all the way down to break the trend line from right here. The price action channel going up is very corrective and needs to at least correct itself at some point, but...
As our last gold analysis was canceled but price moved accordingly and is still within great R:R, we have decided to re-engage this metal - Price has set itself a beautiful expanding channel pattern with an accompanying ABCDE corrective sequence. As price currently sets on (E) , we should see price slump down further - The bear scenario is currently...
100+ Pips SELL remaining Good Luck! KEEP THE RADARS UP!!!
I pointed out on my weekly outlook that Gchf looked like it was making a buy setup. It did, but when you look at that wick on the first wave, we may be getting a "B" or "X" wave here, maybe some kind of flat.
Dear Friends! D4rkEnergY knows that it is tough times for all of us - We have lost 25 B USD in the Global Market Cap within 1 week - that is 1/6. We are down at 117 B USD - Just a reminder - we peaked at 800 B USD 11 months ago. On top of that, the traditional markets (US Key Indexes) are struggling (Japan, China and Europe even more). Even though we have real...
BCH broke all time lows and is now in price discovery, Some things look super bullish right now Bcash is not one of them.