Divergence: Warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. For confirmation the completion of the full 5 Wave Impulse cycle, we look for the 5th Wave to show signs of divergence. This is our first indicator that we might begin to see the ABC correction starting to form. Price going higher,...
$BTC 👀 – 07/27/2022 #WaveRecount - 📸 🚨 📌 Let me first say, #ElliotWaveTheory wave counting is #subjective. When rules are invalidated by price action, you simply pick yourself up, brush yourself off, and you revise the wave count (recount) accordingly. 📌In this case, upon release of the #Feds decision to #hike the interest rates by another 0.75 #percentage...
I am expecting Bitcoin to continue it's downward pursuit, as we slowly but surely are making our way to the completion of the corrective wave c (of larger corrective wave B). In the near short-term, I am spotting some institutional points of interest such as #imbalance and #Liquidity. It also appears to be performing another potential ABC Flat Irregular/Expanded...
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This is my revised wave count to account for multi wave extensions nested. Bitcoin while completing an ABC Flat (Irregular / Expanded) correction, touched the Golden Zone, and then bounced up to complete Wave C of the Flat. Special Tip: Flats (Irregular / Expanded) are quite common, as they inevitably run stop losses on both sides, and further introduce new...
This week we're about to see the FED Interest Rate decision. This will most likely cause some moves and bring some trading opportunities. On EURUSD we could expect that to push price above 1,0278 and take it up to our sell zone. That's where we will look for possible short positions. The target will then be a breakout below 1,0000!
Wave A of ABC corrective wave is now forming in the shape of ABCDE Triangle and it will end around 21900, before it starts to raise back again to 23700 forming B wave, and then it will sink down with wave C to 21000
Hey Guys, The US100 just broke out of its consolidation pattern and currently retesting should bounce off or coil during this intense week of earnings and news. As shown, I expect the price to retest the downtrend resistance line in yellow but it's a strong trend line and has the 200-day ma that will push them down. We Have so many indicators showing we are going...
It was crazy week, to be honest, I was waiting corrections on 21 of July, but then we had fake growing. The optimistic way: 0.38 Fibo will be new support level The pesimistic way: 0.38 will be broken and will have cascade liquidation till 0.5 22147 will be new resistance level. How do you feel about
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Welcome back! Here's an analysis of this pair! **AUDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in...
The pullback on EURUSD continues and it's now moving towards 1,0360 where we may also see higher values than that. Tomorrow the ECB will announce the interest rate and this will be a suitable moment to see price at our expected levels. We will be selling this pair only after a confirmation!
Yesterday, we saw reaction at 1,0200 followed by rejection. It looks like this pullback will have enough strength to continue around 1,0360 which is the 61,8 Fibonacci level on the last move. Once we see the market trading around those levels, we will look for further sell positions. Don't forget about the ECB interest rate decision that comes out on Thursday....
Hello Crypto traders, Crypto market in general is still in downtrend, but we see MATIC moving at very deep strong support zone. This is actually key support level, from where we can expect bounce, recovery and potentially bullish reversal soon. Well, despite current intraday drop in the Crypto market, MATIC is one few coins who is acting quite strongly. From...
We're going to see interest rates by the ECB this week. This may lead to more volatility in EURUSD and a deeper correction. We're expecting to reach 38,2 of the last decline which is at 1.0204 level. Once the market reaches these levels we're be looking for reversal signals and new sell opportunities.
Yesterday, EURUSD created a new low and it reached 0,9950. Today, we can actually expect a test of that low and eventually a breakout. We will be looking for a possible move up to around 1,0120
A global recession is right around the corner fellas (any weekend now we will have a repeat of 2008, but worst), because this time around we all went out of our minds. We all signed up to the "earnings don't justify the valuation" gig, and now the big boys are cashing out. Same shit different year, different people murdered in the background, but the same ol...
Daily: Down trend, target price ~5.80 (5.90). The pair is in the channel after descending, no bullish signs from higher TF. H4: After fast descending from the 9.00 the price stopped at local support (~7.9). Usually after fast movement the price need some time for the rest, new traders will come in. Everyone see the levels, everyone is putting their stops and...