Possible formation for Wave1/4 or Wave X in #DDD. If the corrective wave is finished, a (v) wave in formating. If the corrective wave is still under development, the corrective structure looks like WXYXZ.
The EURUSD structure is quite difficult in many respects. Prior waves on the monthly and weekly could pass for both corrective and some misleadingly as motive waves. We have correctly distinguished the different aves structures. Particularly the last arm is projected by a number of analysts as motive when it actually fails the test for motive wave. The first three...
The larger structure indicates that he last arm is not impulsive but Corrective. The possible wave development and termination are indicated. The waves indicated fail for reason: the 3 segments are uncannily equal in price and time taken to complete. On the other hand IF one were to count each of the segments as possible waves 1, 2 and 3and 4, tghen the last...
Hi guys; Obviously , Bitcoin is moving on ascending channel so we are waiting for breakout & retest.After retest we can enter to long position till T.P1 & T.P2.If the price couldn't manage to break out this descending channel,this analysis should be ignored. Please put your comment and like . If you would like my vision , analysis please follow me thanks guys.
Last posts were great, I was able to predict TRZ and PRZ on BTC/USD chart. On this analyze, I tried to show you complex waves & next TRZ and PRZ. Still, we are on corrective wave (Running Flat, micro wave 3 of main wave C), so please do not open Long position for Long term. Good luck.
Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
Just a follow up to my last post. It has broken out of the diagonal like structure. Technically if it is the end of the bigger correction, then we should see a run to the high. Look's like a good one to me. How's it look to you?
H1 : Recent price action triggered a corrective recovery towards a high so far of 56450, making on H1 closing a doji pattern = indecision and uncertainty Last candle did not managed to close above the 38.2% Fib ret @ 56097. Cluster H1 support is between 55500 (MBB) and 55250(KS); a failure to hold above this area would again trigger another wave of selling...
Hello traders! Get ready for huge gains. KAVA is ready to go for the 10$ Target. it is in a corrective position and it will break up soon. It can go up to 18$ Don't forget to hit the like button and follow to stay connected.
OANDA:GBPJPY This one is sitting around a very strong resistance and a bullish trendline has been formed with more than 3 touches. Moreover, on this one, price is into corrective waves , adding more confirmation into a short position. Waiting for our trigger to sell this one. GET READY SHOOTERS ! Trade Safe ! If you like the idea, support us with a...
- TRXUSD is retesting structure support - Structure is pushing up - Market formed a harmonic pattern - Price was building in a symmetrical triangle - Confluence of the counter-trendline support and local support area - Overall trend is bullish - Sentiment - Neutral - ( Candlestick ) ?? - Plan is to go Long on a rejection of support zone - Take the trade when...
This one looks good. It's looking like we're going to break out of the channel instead of making a new low. I've started my position already. I'm a little down on it but today was great. Got me back to not feeling so bad. lol If it stays in the channel I'd like to buy some more. Long term hold for me. I feel like this one has more fundamental strengths going for...
Figured I'd keep the trend of 3D printing stocks going. This is one I bought after the "crash" and just sold for a loss. After seeing it not reverse I felt I should re evaluate my analysis and see where I went wrong. I thought the correction was over at the 11.91 low. bought on a setup on the 1hr which initial looked good, but then became a flat to continue down....
Overlay From high 03 October 2018. Just a thought, not trading advice. NQ getting hammered... GLTA!
QQQ 5 waves down - the fib extensions measure out cleanly. Because it appears there have been 5 waves down this implies it is the A wave of an ABC correction. Now will watch for the B wave up dead cat bounce, before the c wave finishes it and could bring it lower. There is another more bearish possible count here but wont post that just yet. If this ABC is the...
TSLA very clear 5 waves down and measurement levels are clean. 5 waves down is corrective and has 2 possible outcomes, this being the less bearish of the 2 and i lean towards this more conservative count for now. It looks like tsla has put in an A wave of an ABC correction, and its very possible the A wave down is done. Looking for a B wave bounce to start...
Don't follow this one much, but I've heard some good things about the company. I'll have to look into them more. The chart looks good. We have a pretty ugly ending diag. If examined closely it fits the internal wave structure of the aforementioned pattern. We also have some pretty good looking divergence on the 1hr. Some good looking humps ;) What do you all...
Hello traders and investors! Today we will talk about Zoom, its price action from a technical point of view and wave structure from Elliott Wave perspective. Zoom made a massive rise in 2020 as it was and it's still very useful app for video communications. However, nothing goes in straight lines, so we see it as a completed wave 3 and since October 2020, we can...