D1 : After having broke in an intraday basis the Kijun-Sen and reached a low of 44151, BTC recovered nicely, to close @ 46315, above KS. Global picture remains heavy. Indeed, despite the rebound seen recently, BTC is still below Mid Bollinger Band which remains a very good "barometer" indicator as you can see in the past. Therefore, I...
Hello traders! Today we will talk about 10Y US Notes (treasury bonds) and its correlation with gold. Well, as you may already know, treasury bonds and gold are in tight positive correlation and gold is currently down mainly because of 10Y US Notes. However, a decline looks corrective as we see 10Y US Notes trading in an A-B-C decline, while gold is in a more...
Hello traders! EURUSD was down in January, but it is a very rare case to find a peak at the beginning of the year, especially after recent three-wave A-B-C corrective decline only. Well, with current strong bounce back above channel resistance line, it seems like it's confirming bullish trend and we believe that EURUSD may retest the 1.2350 highs in coming...
From impulses to corrections, I believe AUDJPY is currently completing its 12345 Elliot wave movement (most likely on its 5th impulse move) then we possibly see an ABC correction wave before another impulse Just My Idea please kindly share your thought on this with this comment below
Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We Have an overextended "W" Formation and we expect a retracement at least to the 0.382 FIB level which is in confluence with the potential Target 1 . Weekly : We also have an "W" formation as well and the neckline is exactly in confluence with the 0.5...
Good day Traders !! On this pair we can clearly see that we had a very strong impulse that we would like followed by a correction at least to the 0.5 Fib level. The price almost hit our 0.382 FIB level and we believe that the correction is not quite done. We are sitting on the 4H just above a support and we would like to see the market turn to a bearish...
Good Day Traders !! On this pair we have a very strong impulse to the upside made during the past week as we expected, now the market started a nice correction to the 0.382 Fib level. for such a strong impulse we expect the market to retrace at least to the 0.5 Fib level which aligns perfectly with a strong support area and demand. We will be monitoring price...
NIFTY ENERGY: 10% upside potential. When it reaches 15600-700 Look for Swing buy in top 5 companies: RELIANCE IOC BPCL HINDPETRO ONGC DISCLAIMER: TRADE AT YOUR OWN RISK. KINDLY TAKE DECISIONS INDEPENDENTLY AND DO NOT CONSIDER THIS ANALYSIS A RECOMMENDATION. Thanks, Cheers to short term Investments! Best luck - 'Siddharth Sehgal' #srs #srsenrique #NIFTYENERGY...
EUR/CAD is in the last corrective wave before the continuation of the trend. We are expecting the market to provide to us a last impulsion to the upside. From a COT perspective the smart money added more long than short on EUR which aligns perfectly with our vision and give us more probability for a successful trade. I hope you enjoyed this analysis , Like and...
DAILY CHART (LONG TERM BULL ANALYSIS) It was only a few days ago that BTC hit that $42k “top”. In this analysis I will present the bull case in this scenario. Bitcoins price has been consolidating as shown by the converging trend lines. The trend lines converge right around the end of January. This consolidation is building pressure and bringing us to a very...
Hello traders and investors! Today we will talk about single stock FaceBook in which we see quite clear Elliott Wave pattern. If you are familiar with Elliott Waves, then you know that after every five waves, a three-wave a-b-c pullback follows. Well, as you can see FB made nice and clean five waves up from March lows and currently seems like it's trading in...
Target - green box Invalidation level - red line
After months of closely observation of these big corrective moves on Gold, we can assume that we are almost in the ending of the complex structure. Looking at the whole structure in its internal movements, its looks like a giant ABCDE (3-3-3-3-3 corrective waves structure) in wich we are in the last one (the "E"). This chart will be use as monitoring the last...
I think that we are in a corrective ABC structure inside a wave (C) in the daily chart. According with this count we may are inside a bigger wave 4 before another big dip for the wave 5, or the previous impulsive movement may already be over also. So if this count is correct we may have 3 different potential targets for the completition of this (C): 1) 1.374xx...
Chart of Astra-Zeneca, they are #developing the #COVID #Vaccine with #Oxford. Although they have had some issues with the vaccine, the chart tells something is coming... I am Projecting high quality example, by covering the most likely Predictiv and Effective way of #ChartReading Egde behind any upcoming movements. Is this sounds something #realistic ? Although...
If you're not the first to fomo, you're probably too late. - A grueling lesson learned over the years. Though Bitcoin is at a new high, there is even more chance of a correction! Fractal from the 2017 rally shows after BTCUSD made a new high 15% above the previous, price action was followed by a correction to the 0.382 fibonacci level. Supporting this, median...
Hello all, It's pretty clear that we have a zig zag correction playing out here. Waves 'a' and 'b' have already been put in. This leaves us with the final wave 'c'. There is a strong possibility that it is already complete and the low has already been put in (please see linked idea below from Nov 22). A breakout to the upside will take price to the 1910-1920...