This is not an analysis. it's purely for educational and learning purposes. Since, breaking the last support it's expected to reach next near support at 30K-25K area to finish correction pattern.
C finally reached the 0.382 and made an sfp on 4hr TF taking the A low and all the stops under it touching perfectly that daily level in brown (last untouched daily of the range, significant), on 1hr TF we had a bounce on the 0.705 (typical institutional bounce), confluence here and stochastic rsi bottomed on high TF, ideal condition for a bounce
In waiting, i gonna to drink a tea in the East America near of Horse. So, see you next year !
Contrary to my previous post(22/12) SPX surpassed 4656 and bulls again won the battle. Now its turn for them to raise the index to 4918 before the end of the year. It's very easy for them since lot of shorts drive this EOY rally. ENJOY BULLS
Swiss sneaker company On Holding went public in mid-September for $24. It peaked near $56 in mid-November following a strong quarterly result and has now pulled back. The first pattern on today’s chart is the 50-day simple moving average (SMA). ONON broke under that line in on December 13 as the retail sector crashed. But it’s chopped sideways since and...
This retracement has look and feel of a B wave, choppy and hesitant. Got a H&S in the 15 minute chart on 11/11. Expect another leg lower soon IMO. Should push down to test support at the old ATH IMO. RSI went oversold, bounced, fades. Likely to get a big bounce (arrow) after the C leg, retest ATH in December. 19 Nov OpeX likely to be pretty choppy IMO. Sold...
Looks like were heading in to our 5th leg of this elliott wave pattern
the support did not hold on Nitro, no fundaments have been changed. The chart formed a ABC bearish Formation, but hopefully we will bounce off our last support where i placed the C.
The last correction before the hypercycle ? This is a possible so Protect yourself not with condom of course.
Time has passed and hasn't felt , i look an ABC correction Wave. A and C buying Spots. Note: Daily Chart (For 10-15 days) My wishes and toughts Not financial advice.
On the right we have the larger ABC correction, with wave 2 of the next impulse retesting the B wave high. On the left we have the wave 2 ABC enlarged, with an even smaller ABC playing out within wave 2 of the smaller impulse, also retesting the B wave high. Seems like textbook fractals so far at least!
There looks to be a high possibility that bitcoin is currently in an ABC correction coming down from the current ATH. As shown, A ended at ~59.5k with a 5 wave correction down and now we are an ABC correction (shown in green) for a larger B correction up. I think from here bitcoin will fall back to the 61k region with a bounce to 64k to complete the B wave....
After every Bitcoin's rise, we saw how much Fantom could be potential of accumulation. New investors are coming to this market and Fantom has shown us its success in attracting new investors to its market. In the technical analysis part, I showed one strong PRZs according to Robert Miner's system combining a price action support. In my view, as a software engineer...
Hello traders, EURUSD seems not good to open sell this week anymore even though it still stay bearish on wkly chart. Correction is possible to help it back to 1.1640 Wait for entry confirming signal later to setup buying order. RISK LOWER THAN YOUR TOLERANCE: Suggested Risk <5% TARGET:1.1640-1.170 Your Real Entry Position Will Make Different RR for Your...
hi dear traders. For today we can watch GBPJPY, as it is about to complete a correction, which seems to be an ABC. price has reached to a strong PRZ and also time factors has been satisfied. we can speculate that this correction is at its end and wait for a conformation to go short. If price manages to hit its Trigger (few ticks lower than 153.663), we can enter...
Hi hope you are well. according to ElliotWave, we are at the ending phase of an ABC correction pattern, and the probability for going low in USDCHF is relative good if price activate our Trigger for short position. This can be low risk high reward situation. Its better to put this on your watchlist. I will answer to your questions, feel free to ask. have a good day.
GBPUSD completed the Elliott wave pattern and now completes an ABC pattern The stochastic index is in the weekly time period and the daily time period in the sales area strong support if not broken. price goes up in the futures
After Bitcoin's pump, LUNA had an ABC correction instead of raising after it's Elliot impulse waves (In a range). I Guess it's good time to go with LUNA. I enter to the long position with a stop-loss on 37.