Is BTC performing a bigger ABC corrective wave down to the 0.786 and wick to the 1.0 as in previous markets? You can see on the charts that the previous retracements were to the 0.786. On the weekly it looks like BTC may have hit the ATH and completed the 5th wave of the cycle and is potentially in the "CORRECTIVE PHASE C" with a target of $14,979. BTC is...
BTC has a few scenarios, this is my 2nd chart for analysis. 1. Bull Flag 2. Broadening Wedge 3. Diamond Top 4. Head and Shoulders 5. ABC Corrective Elliot Wave I think BTC is going for the higher low at $49,500 then into the corrective wave down to $38,000. I am bearish short/medium term, bullish long term. This is NFA and for educational purposes only....
Eurusd is expected to buy after the completion of the abc flat correction
A simple Elliott wave corrective structure(A,B,C) having a target of A=C= 4613 is about to achieve this week. Several times I expected (without confirmation) s&p500 to fall in AUGUST BULL waves will end after forming an ending Diagonal which is nearing to complete. My previous counts(bearish) are criticised ,BUT NO ONE expected this recovery wave had such an...
This post just iterates the fundamentals chart formations, support and resistance and Fibonacci retracements. When it comes to rising wedges the wedge often fully performs after a retest of the previous wedge support. As rising wedges are bearish in nature they often do not require a rejection to perform, but any rejection does set up a potential ABC correction...
Average True Range Analysis Price action on SPY has been getting tighter and tighter as it comes deeper into this rising wedge structure. This is most clearly viewed on the Average True Range. I have taken the standard 14 period look back and times it by 7 to get the weekly look back and we can see clear divergence. A falling true range means that there is a...
So a simple look at BTC on the larger picture, with the ABC correction to the bottom
It is in correction after completed ending diagonal and break down below the up trending channel. So it is expected to form ABC correction with invalidation level below 7823. If the current bounce of B wave will be sideways choppy, then there is a possibility of next C wave will go down further.
So im playing with these areas for the 5 count down for wave C, which could get us down to the predicted areas previously posted. Still looking at us creating head and shoulders pattern at top but coming down after that and get a bump up for wave 4 to create an even bigger head and shoulders pattern which then brings us down to our targeted areas
Elliott wave correction rule(ZIGZAG) says that , ''C'' wave will move either 1.382 or 1.618 times of wave''A'' Any upmove will be POSSIBLE only if NIFTY crosses 16709 (1.382*A). Tempting to short the NIFTY will be dangerous since it has the potential to go 17720(1.618*A). Then what is our trading idea? Lets wait for bears action ,until 16107 breached no positional shorts.
EURUSD broke above a falling wedge as it climbed for 4 consecutive days before facing resistance on the last trading day. The bullish reversal came about from the bottom of a bigger range as well as a key demand zone at 1.1760 area. With a strong breakout and reversal from a key level like this, this could already be the beginning of a new short-term bullish...
Past has shown that "exchange" coins did great. BNB KuCoin KCS Leo (not soo much) and of course Klever. It's a dark horse. I see big potential, especially for short giant bursts in a price increase. Let's see what the future brings.
16000 target is not achieved, hence truncated 5th wave will lead a sharp sell of due to heavy long positions. So 16k is a nightmare for indian NIFTY. Possible targets given in the chart , I' ve used only one indicator(CAMERILLA PIVOTS) monthly target 15200 yearly 12200 enjoy bears, sell on peaks
Today, we want to visit the weekly timeframe instead of the daily timeframe. For the past few weeks, both the highs and the lows are trading lower and the recent symmetrical triangle has been breached and rendered invalid. From here, we can clearly see that the current bearish trend that started from 1.2250 is (1)not showing any signs of reversal yet and (2) in...
This is an ABC correction and C point jump @ Brent oil. Target price is the local high, 77,8 USD/barrel.
It completed ABC zigzag pattern at last swing high. The drop was wave A and forming ABC bearish pattrn. B wave as abc bounce is under progress and can go up to 153- 156 before reverse down as wave C.
Turns out the second scenario was correct: A (possibly) simple ABC corrective structure And it looks nicer for taking trades than scenario #1 3 nice trading setups, the first one happened early and the opportunity was also gone so fast that I couldn't share the idea, (I took the short term trade from the line to the current position) But these 2 nice setups (as...