Buying zone on EURUSD
Yesterday we determined the buying zone on EURUSD and it remains unchanged.
We will watch if the price reaches the zone and pullback from it.
The announcement of Interest rate for USD is on Wednesday.
It is possible that before this there will be no great movements and one should not enter into trades without grounds!
It is important...
With several markets showing signs of corrective activity this week ahead of the Fed (gold, EUR/USD, S&P). I want to take a stab at answering that thorny question of how far a market is likely to correct. I am going to use the EUR/USD daily chart for my analysis. First thing I do is note where any trend lines are and ask are they vulnerable? If they are, I then...
Hi everyone. I am posting after a long time.
For over a week, BTC has not given a clear direction to go long or short.
But six hours ago there was a chart pattern that started showing up to me moving, which is a corrective wave consisting of a running flat of 3-3-5.
From a running flat perspective, we will continue to maintain an upside view until the price...
Significant loss of upside momentum on the daily RSI suggests that the gold market is vulnerable to a correction short term, you may wish to tighten up those stops.
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory...
Here's an overlay of $MCD in yellow from 1980 to 2005 lined up to the 75% drop in $MCD on the "Dollar Menu" price wars, store closings and YOY% sales decline for $MCD back in 2002. It was a disaster. Well, $TSLA has the same 75% drop to the current low. Maybe they mimic, maybe they don't. Just interesting!
Here's the $MCD chart and the part that I copied and...
Price failed to break the $210 resistance and is going back down. It shouldn't take too long to fall, and maybe in a few weeks from now is going to try to break the $210 again, but not now.
As earlier we were assuming bank to be in 4th wave of correction it is invalidated on Friday trading session. The counts are changed now. The labelling has been done so as to understood by a layman. We have breached 38% level and have sustained below it which seems to be opening a risk towards 36500. Please read the chart carefully. Watch complete explanation on...
Bitcoin made sharp reversal and strong recovery last week, which we see it as a five-wave bullish impulse from Elliott wave perspective.
With recent sharp decline into wave (a), followed by current recovery in wave (b), there's a chance for another wave (c) drop to complete a higher degree wave "iv" correction. Ideal support comes around 20.000 level that can...
Hello traders:
Last 1-2 weeks ago my overall view on the lower time frame for GOLD was to wait for bullish price action to have a potential buy in short term.
Price however didn't form the continuation price action on the lower time frame for me to consider any entries.
Instead, structure/pattern can evolve, and in this case, instead of a bullish...
H4 - Bearish trend pattern.
Currently it looks like a correction is happening.
Until the two key resistance zones hold my short term view remains bearish here.
There have been no good opportunities over the last two days, but every drop has been fallowed by a sharp rise.
It’s more likely that we will see a continuation of the upward movement towards 1.0990.
There’s a lot of news today and we expect big fluctuations .
Upon heading towards 1,0865 we will watch for a pullback and buying opportunity.
Welcome back! Let me know your thoughts in the comments!
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The news yesterday caused a lot of volatility and we saw some misleading moves.
The main buying idea remains, but we will look for an entry on a decline to 1.0824.
We are in a sideways movement this week and will likely continue until the interest rate announcement on February 1st.
H4 - Bullish trend pattern.
Price reached a key resistance zone.
Bearish divergence.
Basically my short term view is bearish and my mid term view is bullish here.
Last week provided good buying opportunities for GBPUSD.
This one starts with a new high and it's time to close all buy trades.
We will keep an eye out for new opportunities in the coming days.
If the movement does not have strength to higher values, it is very likely that we will see a decline to 1.2100.
However, in order to trade this move we will need...
H4 - Lower lows.
Currently it looks like a correction is happening.
Bearish hidden divergence.
H1 - Bearish trend pattern.
Currently it looks like a correction is happening.
Bearish divergence.
Until the two strong resistance zone holds my short term view remains bearish here.
A valid breakout below the most recent uptrend line would be the validation for...
Possible Double Zigzag (WXY) pattern playing out on S&P500, which started from the ATH in January and is still on going.
In my previous analysis from 2020 (linked below), I proposed that the ENTIRE history of the S&P500 so far is simply part of a 5 wave bull Impulse, which is still on going. Within this bull Impulse, we are currently in Wave 3, which itself is...
With that huge drop yesterday we should expect a correction but when? Its clear to see all the imbalance on that drop.
I've explained the process for my trades and what I look at - these are always areas I monitor and don't trade from them blindly.
Although I hit my target yesterday holding on to the trade would have returned great profit - something I need to...
