Zomato analysisthis is a 5 wave correction, so it should touch the support line, i have drawn a channel too which is supporting from past waves too.
Z
Correctivestructure
PLTR: Big corrective structure?Clearly I was wrong with my previous PLTR view. Still would like to catch the impulse. Thinking LEAPS near $5 and diamond hand it? Let me know what you're thinking!
If you've been following for a while, sorry about the lack of posting. Life got very busy!
P
AUDUSD Double Bottom Completed 80+ PipsWelcome back! Let me know your thoughts in the comments!
**AUDUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
Short
EURUSD CPI Report Breakout-What's Next!Welcome back! Let me know your thoughts in the comments!
**EURUSD - Listen to video!
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GBPNZD It will correct upward 100+ PipsWelcome back! Let me know your thoughts in the comments!
**GBPNZD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Long
TESLA Is Back To Bullish ModeHello traders and investors, today we will talk about Tesla, in which we see pretty nice and clean bullish development from Elliott wave perspective.
As you can see, after we spotted 5th wave back in November 2021, Tesla made bigger, a higher degree A-B-C zig-zag corrective decline from the highs. Corrections usually retrace back to the former wave 4 and Tesla stopped exactly at the projected support, where we also see equal wavelength A=C. This is actually a textbook Elliott wave pattern.
Well, with recent bounce and recovery away from projected support, seems like bulls are back in the game and we can easily expect more gains, just keep in mind that bulls can be confirmed only if breaks above channel resistance line and 1155 region.
Happy trading!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long
EURCAD I NEXT MOVE! Let's GO! :) Welcome back! Let me know your thoughts in the comments!
**EURCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Long
Best entry points to long SolI am expecting this week or the next one will be a corrective week, so some good opportunities to long your favorite crypto are coming.
Sol found resistance again at $47. The rejection on this level was expected as there are many limit shorts.
The 1st important level to start accumulating slowly Sol is located around $38.50; a very important level.
The next one is near $32.00.
What will happen if we break $38.50, I will reveal it in my next TA.
Long
JPY INDEX BREAKDOWNThe market has completed the impulse wave (12345 waves) at 809.00 price level. A correction wave comes next which carries 3 waves (ABC waves). From now, we will expect price to continue upward in a corrective manner up onto 885.00 price level probably respecting 61.8% fibs level before we can see some reversals to continue it overall bearish trending market. As price reaches 885.00 level, we will like to see some rejections and reversals to tell us that price will make a turn. Let's see how the market plays out in the future time to come
STAY BLESSED...
FLUX project , a potential blockchain for futureHi all.
we have a long term analysis on FLUX in 1W chart.
as you see on my chart after compelete a full cycle of 1-2-3-4-5 and ABC waves
we have a potential to start a new impulsive wave.
of course this correction may be extend and lasts more.
i draw cycle lines (Blue vertical lines) and we see ABC correction lasts 2 cycles and now is in the end of cycle.
this means correction last 2 time more than impulsive wave and have a potential to reverse.
for the end of ABC correction we have a lot of reason and levels like:
1-we are in the range of recent impulsive wave 4
2-we see a strong support level there(i show it with a purple rectangle)
3-recent impulsive wave fibonachi retracement 50% level
4-wave A projection 200% fibo level
5-POC(point of control) is here.
so i think this altcoin have a lot of technical potential for amazing growth.
if we see this blockchain website,we found it good protocol with amazing roadmap.
runonflux.io
what we need is a liitle good news for inflation this week...
have good investing and dont forget to manage your risks.
!!!NOTE!!!
MY POSTS ARE NOT TRADING AND INVESTING ADVISE
SO TRADE ON YOUR OWN STRATEGY AND CONSIDER MARKET RISKS.
Long
PTON:Due for some bullish relief!Peloton
Short Term - We look to Buy at 8.66 (stop at 7.14)
We are trading at oversold extremes. Due to an Ending Wedge formation, we continue to treat extended losses with caution. Dip buying offers good risk/reward. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 12.95 and 15.00
Resistance: 13.00 / 15.00 / 20.00
Support: 8.50 / 5.00 / 2.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
ETH target levels for this heavy sell-offhi friends.
so finally we lose 1700 and 1300 supports :(
bad news for ETH.and bad fundamental news for it too
where MERGE upgrade overdued.
no problem we see an ending wave C and we are compliting it.
but remember these levels are good for buy but we should pay attention to
macroeconomic news and happens.
if inflation in USA and EUROPE dont go down wave C will be extend by time...
but we consider inflation record a high and start to go down.
after that we have a strong support that is overlaping 4 fibo levels for W(e) from wave C
this overlap area including:
1)38.2% retracement from past impulsive W(1).
2)200% retracement of W(B) between W(A) and W(C) that show in (a b c in circle)
3)261.8% retracement of W(b) from W(C) or W( a b c d e)
4)161.8% trend based fibo from W(a) projection from end of W(b) that shows W(e) levels.
this support level is in price around 980 $ and if we lose it too we can go lower to around
620$ support.we have fibo overlap levels here.
these levels are 361.8% & 200% and 50% from past impulsive wave.
best strategy to buy in these levels and conditions is to buy 3 step or 4 step
if we see signs of end correction we can buy a step.
i think these levels are so amazing levels to buy step by step.
be careful of your capital
(NOTE!!!
this post is not trade or invest advise.
its just my own opinion.
please invest in your own strategy and dont forget to set stop loss.)
thank you for support.
Short
Starbucks: Caffeine boost for price actionStarbucks
Shortterm - We look to Buy at 76.22 (stop at 71.07)
The trend of higher lows is located at 70.80. This is positive for sentiment and the uptrend has potential to return. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look to buy dips.
Although the anticipated move is corrective, it does offer a good risk reward ratio for the short term.
Our profit targets will be 91.83 and 95.00
Resistance: 92.00 / 110.00 / 126.50
Support: 71.00 / 60.00 / 41.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
Commodity relief?Another corrective move for a commodity. Look for a retest of that blue zone with an R of 3. Buy stop@ 5.674
Long
How to catch a falling knife?!!!We are oversold on the indices and will be looking for a bounce...dnt know if its just temporary relief or the bottom....I dnt care actually I will just carve up my piece of the meat:)... buy stop at 6475. . . . .(already pocketed gains from the short see attachment)
Long
Rotation play!!The short played out well but now but now going to play the rotation back up...mean reversion!! We should get a 2.8 R if it plays all the way to 33000. Entry is buy stop @ 30253.
Long
Luna/Usdt pair Luna technically working with Elliot waves pattern complete and now corrective wave in process and according to this scenario C wave will reached to 5.4. Let's See
Long
EURUSD Analysis - Will Correct UpwardWelcome back! Here's an analysis of this pair!
**EURUSD - 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 future.
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Brian & Kenya Horton, BK Forex Academy
Long
The Characteristics of Corrective StructuresHi fellow traders, I would like to share with you all the characteristics of the most important structures when it comes to trading waves. When reading all the rules and guidelines of the Elliott Wave Principle it might be a little overwhelming and complicated for most traders. At least to me it was when I just started learning. For that reason I've tried to put it more in perspective by drawing all the patterns and making it more visual for everyone to understand. The notes are all included on the chart and I hope it helps you during your trading sessions.
If there are any questions please feel free to comment,
~ OGwavetrader
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Education
A corrective week Hi everyone ,,, tihs is how i see the EURUSD this weekend ...
We were in an uptrend ,, last week i predicted a bearish move to demand area that broke the structure ...
But the move was not complete ,,, which is better ...
Right now the price is going down in a corrective nature ,, for me i see a falling wedge ...
Everything explained on the chart along with a simple forecast for the possible scenarioes ...
If you like the idea give it a thumbs up 👍🏻 and follow for more ...
Trade safely 🤍
DENT/USDT Downside TargetPrice still in correction movement so the downside movement should be temporary and we need price reversal confirmation in first support.
As long as there's no price reversal confirmation in first support, no need to entry
USDJPY: King Dollar back?!USDJPY
Intraday - We look to Buy at 127.62 (stop at 127.11)
Broken out of the triangle formation to the upside. A mild correction has been posted from yesterdays high, this is seen as a retest of the breakout level. Daily signals for sentiment are at overbought extremes. Neckline support is 127.60. Dip buying offers good risk/reward.
Our profit targets will be 128.85 and 129.00
Resistance: 128.85 / 131.30 / 135.00
Support: 127.60 / 126.60 / 124.10
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long