If the Volume support breaks @ $4940 it has a big gap to fall down through.
Possible triple three combo WXYXZ (expanded flat, triangle and zigzag) and adam and eve pattern.
This is a possible fractal for Y in Elliott Wave - Triple Combo
For real traders.... You have some price levels to get some buys in profit. Hopefully, this weekend I will get some time to cascade some stock indexes next to commodities using time, trend, and retrace fibs.
There is some NZD and AUD news drivers this week. Forgive the messy chart. But NZD/CHF measures and counts out to be doing a large 7 swing structure going down. I posted the 4 hr yesterday I believe (I will post another close up look). We got a small correction up that seemed to be correcting itself down running into my 50% weekly pitchfork line, and a w-x-y...
Considering the way that NU went down in this pattern (corrective), I am on the lookout for a buy setup from this spot. Especially because it went down in similar fashion on the larger scale and did not break the low. If dollar retraces, NU may be a VERY nice buy. It is even possible it goes up much further, but we need a buy setup... It never truly confirmed a...
Star Combo Pharma has just started trading last week. It has a good run up to above $2. I believe this is Wave 1 of Elliot. The price has dropped a bit at writing and if I am not wrong, corrective wave 2 will probably hit between 0.5 to 0.618 in the next few days. If i were to trade, i would look for entry below $1.30 between 0.5 to 0.618 fibonacci. At writing,...
EU has made a basic W-X-Y structure that measures out fib wise all the way through. This pattern can extend down to the 1.618 extension, but I don't think it will. When I adjust my pitchfork fib lines to best fit support and resistance price is holding. I could see a wick down to that support level at the 1.382 if there is a news spike, but it looks like on the...
I will most likely be looking to trade NU this week.... It is at the 200 MA crossing with the mid bollinger band (20 MA) on the weekly, at the 78% retrace and a 50% fib pitchfork line... So strong level. I would have to post some different time frames. I pointed out the bull trap at the top and mentioned the possibility of it breaking the low for the 7 swing. I...
They wouldn't let me post anymore last night, I hope someone watched my video and got a perfect entry on UJ buy. This is a long term buy. Very long term. I am stop in profit with some other small swings stops not in profit and will continue trading UJ until I get one to ride for the long haul. It did a classic 7 swing and came off the 618/382 fib (seperate time...
GJ is basically doing the same exact 7 swing pattern you see here in the larger picture. As of right now it has extended enough within this smaller pattern and is on the way down. Personally I like to see them spike up into that zone and I have an alarm set at green line. So, it can come down from here but I need better confirmation being GJ personally speaking. I...
As of now, oversold on weekly and daily. Has a large zone it can extend into, but as of right now is looking like a classic modern day 7 swing pattern, which if completed, would bring it right to the .618 retrace of major low to major high... If you see this playing out, which looks like it will trade accordingly. These are the types of "supply and demand" trades...
Earlier sell signals on daily and weekly time frames has not triggered the expected sell signals. This should not surprise much as we have been aware of the monthly sell setup that now is coming to completion. In my earlier analysis I expected a short term sell off following the weekly sell signal but always emphasized that the monthly set up had to complete...
Bar 2 and 3 are inside Bar 4 Fakey Signal Pin Bar on Daily I think on opening a Sell Limit at 50% of the pin bar or a Sell Stop (Safe but the risk will be twice the reward) What do you think ?
We appear to be forming a continued bullish corrective structure! This is based upon my current understanding of EW Principle. Thanks for checking it out! Show me some love, and what you were thinking ;)
Update from my understanding of Wave Principle! Looks like a combo corrective structure that went from a flat to a zig-zag! Waiting for a good place to jump in long! Will keep it updated! Trade responsibly! ;0
Hi traders, correlation with NU. This appears to be making a continued correction. Thumbs up if you agree and comment with feedback! I look forward to talking to you!