I am expecting the USD/JPY to finish a corrective WXY either around the 50% level (orange count) or latest around the 76.4% (gray count) from the last high.
Hi Friends, Dow Jones 30 approaching monthly and quarterly resistance zone @ 26700 -- 26775. Both medium and short term dow jones structure in corrective nature, So i looking for another wave down upto 24400 on coming months. ENTRY & EXIT LEVELS: SHORT @ 26700 || SL @ 27500 || TP @ 24400
I would like to share with you a comprehensive analysis of where we are at with bitcoin. An explanation of why there is so much confusion, why nothing seems positive and where we could possibly be headed. This is something I have shared with Purple Crypto Premium members. I have here for you 4 charts drilling down from 1D to the 4H chart. It is clear we are in a...
My last update I ended with " Lastly, note that I label the larger waves as i/a, 2/b etc, because we can never know before hand if a move -even if 5 waves- in either direction is the start of a new impulse (i,ii, etc) or part of a correction (a,b,c) where wave a and c are also 5 waves... So to prevent hubris, always label them as both initially until the market...
Hello Traders, We can clearly see Hidden Bearish Divergence forming on this pair and also wave count also suggest more downside is possible on short term. I am looking for final leg of medium term corrective structure downside. SIDE : SHORT Entry @ 1.00127 -- TP @ 0.9711 -- SL @ 1.01270
I am expecting a Long Swing opportunity in the EUR/USD pair as a "abcde" triangle pattern should find its end soon. After this I am expecting a corrective 3-Wave move to the upside which will form a bigger "Y". If you want to take a more conservative approach I suggest waiting for the break out "a" then for the pullback "b" and then trade the last move up "c".
I assume that the German Index is in consolidation phase (Wave 4), which plays out as a triangle (take a look at the big picture post). Looking at the sub-counts the DAX could go up again around the 11900-12000 area and then fall from there. If we are in a bigger triangle consolidation (abcde) I assume that the Index will come down in the 11000-10700 area...
corrective structure after a buy impulse on the USDJPY. In addition a repeating correct OANDA:USDJPY ive formation is occuring on the 15 min chart that is allowing for a great short term trade
The S&P500 (and all other major US indices) experienced some (nice?!) whipsaws last week: Neither the bulls nor bears won. Whatever the future may exactly hold, the recent price action is very confusing and still, believe it or not, range bound. I've seen more ways to Elliott wave count the price action over the last two weeks, which in the end IMHO means it is...
After a clear impulsive move an expected correction is in motion. waiting for the next impulsive wave
Hello traders, today we will talk about Bitcoin! Bitcoin is trading sideways since the end of June, which more and more looks like a corrective bullish triangle pattern in wave 4. One of the main reasons for this view is GBTC - Grayscale Bitcoin Investment Trust in which we also see a bullish triangle formation, so don't be surprised if BTC bounces again...
MATIC/USDT has turned up again in the last few hours (while I had the most beautiful, peaceful sleep after 3 days of international client meetings which entailed waking up in the wee hours to provide trade signals on my premium telegram channel - a 53% ROI in the last MATIC run). Based on the previous run which ended somewhat disappointingly (yes, I wasn't happy...
Right now is undoubtedly a time when Bitcoin enthusiasts & investors are glued to what the price is doing. I see all kinds of analysis, predictions (different from analysis), fund managers tweeting horrible looking technical analysis with a MACD and a few unconfirmed trend lines, drive by media reports from their “experts” and so on. To be honest, we are at a...
NASDAQ:NBIX broke out through acending triangle, and may now rally up to 120-130 level (Sep18 top), where both ascending triangle target would be reached and C wave would equal to 1.61 of A. There it should find strong resistance and potential double top. Stop loss: 79.0 Target: 125-130
NASDAQ:JKHY may experience more downside in short term. Stock looks relatively weak in 2019, and after reaching corrective waves retracement targets, may go much to ~110$. Entry: below 135.4 (or current level for more aggressive and less reliable trade) Stop: 144.38 Target: 110-120 (depending on how trade developes furhter)
Before any of you jump up and scream, "That's not how you identify a pattern!!", namely the Bullish Gartley (***which may or may not be in formation***) is just an imaginary depiction to support the case of Scenario 2. Scenario 1 - Bull Trap Scenario 2 - Continued Bullish Momentum Scenario 3 - Bear Trap Scenario 4 - Long Due Correction Scenario 5 - RIP? I don't...
USDZAR is currently forming a larger correction that I initially anticipated. This means that the correction that I had looked at before as being a 3 wave correction, was actually only wave 1 of the larger correction. Looking at the current setup, I expect price to break the low of wave one, market with the red line, before there is a reversal to the upside. I...
I believe we are forming an Elliot wave and will be looking for buys on USDCHF at around 0.9700. I will be placing an order and expecting a snipe trade straight into profit. If I was to be more conservative I would wait for a bullish candle on 4H. My analysis predicts we will have a corrective wave from 0.9700 to my highlighted zone between 0.5 and 0.618 fib...