It all starts with the basics, SUPPORT. My theory is, in order to find a bottom in this bear market, we must reach an area of support that has never been tested before. I'm using the high timeframe of 12M on SPX for example. How I determine a pivot low (or support) is a 3-candle pattern. The middle candle being lower than the one before and after it is the pivot...
NZDCAD compared to nzdchf pair (linked below) and is correlated with slower move at the moment. This currency pair need some more proves before any trade entrace. It has potential upside and downise move. If upside move will continue higher, then our target should be at 0.90744 resistance level. If price will continue higher then momentum and volume from bullish...
In trading it is important to be patient because you can easily makes bad things. Wise versa, this trade has already began to start. In our first 4 hour candle, price broke down through very important resistance (previous* - elite traders knows). Because price is keep falling down, it will be much smarter and wait for H4 CLOSING. If closing will be strong, we...
Hello everyone We are looking this trade on 4H idea for proving decision daily trend idea. If sellers might break first support level, then we are going to follow reverse of this trend. If sellers got denied, then we have to watch closely at neutral spot. Neutral spot means possible shape of daily range. In this case, watch buyers behaviour and assess buyers...
A 1 min video just to show the difference (or similarity) between the MNQ and MES using the same exact day/time, timeframe, and indicators.
Afternoon traders! A lot of messages recently reagding the buy and sell strategy we use and how it works so i thought ill make a quick video for you all explaining how it works, what it does and how you can use it! hopefully this answers alot of your questions but dont hesistate to drop me a message if not. :) What is our strategy? Our strategy is a trend...
Many investors and traders are still optimistic about bitcoin. But how positive are they while price have been stuck in consolidation from first of May till now. It is hard to be patient and I'm really sorry for many Hodlers, who are 100% sure that Bitcoin will continue bullish trend without any retracement. I honestly believe Bitcoin will continue bullish, once...
EURNZD broke thorouh longterm channel on Daily timeframe. After this breaking method was not clear from retracement structure. It is hard to answer IF we got clear retracement to continue daily trend idea, so we are expecting for anouther breaking idea from Lower Low or sellers will test recent Lower Low and continue range movement by new retracement from daily...
Buyers advantages: strong volume break out from channel first trend sign new strong support level new higher high Follow us for more and get fast updates when there is need for any kind of confirmation you need. Thank you for listening Check video explanation here Elitefxacademy
USDCAD looks as potentian pair for buy on 4h timeframe. From yesterday we can see how strong momentum was reached from dollar side. To decide where this will continue, we have to reache few resistance levels, so we can decide where to go next. Price is caught is range from daily perioud. This is very interesting for all elite traders. You can practice, learn and...
US OIL is headed to sign up for new higher low swing. Strong bearish momentum might follow targets if price can break below first support at 12.12 . If price can break this level, we can expect first target to 9.74 support level. If 9.74 support level, will not be supportive as it should be from bullish side, then we can follow second target to 7.40 support...
Usdcad is at the moment in bearsih flow, but first we have to fait proving break at 1.40312 support level. If price will prove maintaince below this support level, we can see strong potential bearish move to 1.38757 support level. (average spot support). If price will deny for sell and climb up above 1.40000 new resistance level, then buyers has to maintain above...
Bitcoin is on the way to retest buyers low or even crash forward Bitcoin slowly and lazy contunue its up move to sellers top resistance. Top resistance from sellers might crashed bitcoin hard to see how strong are buyers support levels. We can assume this bearish power after bulls tried many times to break through higher high, but from buyers was just...
We are at very important zone where we will see if buyers are strong enough to continue next touch to bullish channeling or they will stopped and sellers will finnaly smashed them again and continue to following targets. Follow description in video and targets in next analysis. Elitefxacaedmy
SP500 is at very good testing level, where we can see how decision will end. From the whole chart, buyers failed highs. Buyers are out of fuel, and probably stocks will go down, and test lower spots. This flow is very tipical once it comes to crash. At SP500 buyers actually did very good bounce, but they can't grow confidantly after seeing strong crash on your...
Ripple rejected important high, and sellers start increasing momnetum. At the moment bulls try to defense support zone, but if there will not be any power, ripple will follow price action to lower supports. One fact is that whole crypto market is collerated. If 'the Giant'' Bitcoin crash lower as we explained in previous analysis, then ripple will follow dumps
AUDCAD is good looking and strong buy from momentum perspective. This currency pair is showing performance on 4 hour timeframe. Pair did a good rebounce from previous week and price is not even close to resistance that has to retrace from it. In analysis is explained only expcted flow by each target. Video will be published on youtube for the same analysis...
Buyers did a very Strong bounce from recent Lower Low. This might stop sellers from selling position at our first market resistance. If buyers will not show enough powerfull momentum, then our second resistance for sell is out, and target for buyers is expected to third resistance level. Our prediction for SP500 is that price has to break first resistance...