I have been watching this setup unfold and am really looking forward to the overall short trade that is coming here. I expect the corrective structure that we are currently in to complete with wave 3 to the upside and will then be looking for a reversal on lower time frames to enter this short. I am trading the wave 3 leg to the upside as well. Take note of the 3...
After the strong breakdown last month, I have been waiting for an opportunity to get in on the bearish momentum. These are 2 scenarios that I believe have a high probability of playing out. As I've said before, just because I have a strong bearish bias it doesn't necessarily mean I'm going to go put on a position straight away. What I need to see at either of...
This look very promising. We already broke the previous top. If you put it on a daily you will see that we already reversed after the breakout and we are consolidating for a very big short. Do not miss on this one
I have really worked the TLT Daily chart and would like to share with you my thoughts exactly. Enjoy!
I always wondered why anyone would invest in Moodys. Well, looking at its trend lines, its consistent ranges, stability and growth with the prevailing market sentiment, it seems like an almost no-brainer as to why you'd start and hold a position in it. While it's hard to want or even give a PT for the stock, it has weathered this year well and should return to...
Just like SPX and DJI, NDAQ is highly overbought. It is closely supported by MA 20 and MA 50. Funny enough, its long term support is pretty much the same as its MA 50.However, it it goes below the support levels it will tank like no other. You do not have to be a top trader or market analyst to see this. I do not know when the crash will take place but I am sure...
In few weeks, there is no such big fuds incoming. So before the fresh new bull trend, one last fall incoming according to elliot waves theory in bigger picture. I drew few strong trend lines that was going efficiently since july of 2017 and january of 2018. Plus 1 pitchfork tool. Target 1: 7500 Target 2: 6200 Target 3: 5400 It can take around 5-14 days. Stop...
Price has moved into area I marked out as a potential shorting zone. Ive waiting a week for this I think we have it today.
Xrp potential to short Bad Prospect to Invest but this is just my idea , we do not know what can change it
It is the 7th retest of the 148,65 level. Looking for a big shortwith great R:R ratio.
Some who follow me knows that I've been searching for a top for quite while. I've been taking some stoplosses due to a bad timing. Anyway that never meant that I was bullish ^^ Even though I remind you that the big short top is not nearly here ! I still think that we're reaching a mid term peak here and we'll shortly look forward to support areas. We've managed...
If the HS will be complete, and then wee will see a retest under the trendline we may see a BIGHSORT on EU.
I believe that this currency will hit my target 1.2000 sometime this week or either next week. This pair has been trending for quite sometime after it made a higher low in the in the 1.3000 price range highlighted with a purple box. My fibonnaci retracement levels were also drawn on the chart for added confirmation. The C retracement corrects right onto the down...
NASDAQ got some good run, but we seem to approach to crucial 1500 points, which was the pick of the dotcom bubble. Keeping an look on that one.
Price started trending UP since May 11 Now NU has been in corrective pattern since June 14 at big figure 7300 and weekly Trend line creating resistance Price Rallied and failed to break mid figure .73500. My entry was june 14 high .73200 Correlating audnzd bullishness indicating a weaker nzd as well as a strong dollar over the next few months Entry...
Following on from the NASDAQ spectacular last friday session, we can confirm that we probably reached the end of the current bullish wave that started upon Trump's election. The time for consolidation may have come and when it comes to that point in Elliott, things can get pretty complicated ! Anticipating a corrective structure is almost impossible. BUT there's...
Just as american indices the Elliott count suggests that the "big short" is coming a bit later ! Anyway there's no point buying the current prices either.. Buyers must get out here and wait for better prices to come back in for the last ( III ) wave before we get to reach the final supercycle count.. Which will mean that we will finally be able to get that...