Price action and chart pattern trading setup TFD - Elliott wave analysis > A possible 4-wave correction descending triangle with subwave B breakout expected to retraced 0.618 - 0.786 of subwave A scenario. > Entry @ breakout triangle after downtrend subwave c completely retraced > Target @ 5-wave upper resistance zone 1.618 wave 4 extension and 2.618 wave 1...
Bitcoin going up with a V shape recovery what I think it may be a 5th sub wave of a 3rd wave from a C or 3 bigger degree (watch related idea). Nice impulse here with 5th wave being extended wave after an equality between 1 and 3. The correction may end into the 0.5 fib retracement area where we have the 4th wave and than probably will start a 3rd wave up. I will...
This is 4-Hour Timeframe, in my perspective wave 4 done with triangle, usually wave 5 in commodities are extended. Trade safe everyone!
Probably Bitcoin will continue to the upside to end a C or 3 wave formed by an impulse with 1st wave being extended. Usually this kind of impulses end into 0.618 - 0.786 fib extension of wave 1 (32300 - 33900 zone). Also in the 0.618 fib extension zone we have an important resistance made by a previous rejection level. If the price will hit 1.618 fib extension of...
Apex level as confluence of the Expansion WXY with the Triangle Pattern gonna be my sell zone. If price break 12750, consider to stop selling, might up to 135xx.
By looking the price action, in my perspective, Gold is on New Motive (Bullish Confirmation). Invalidation level at the chart. Trade safe, everyone!
There's still a chance Gold forming Flat Correction (Wave 4), expect retracement at 88.6 level to go Short. Disclaimer ON.
We are now in wave B of CORRECTION Idea: - Watch for completion of Wave B - Once complete, watch for C wave to make an impulse down (it can be an ending diagonal )
I will remain at the same count on Bitcoin as I posted previous week. See my related idea. Bitcoin still has the chance to correct deeper at 24000 (0.5 fib retracement) with an expended flat for wave 2 but if price break above 29000 on 4H TF than we may say that wave 2 finished at 0.236 fib retracement of this leading diagonal impulse and it started to go for a...
Wave analysis with price action & chart pattern bullish outlook - a potential ending diagonal breakout setup > The weekly price with triangle pattern and candlestick squeezed between EMA 200 week zone and potentially breakout near the apex zone. > Now with multiple false breakdown, possible pinbar long entry setup pattern. > Target Zone: 0.618 - 0.786 Fibonanci...
Ever since the 1.1033 high from early February, it seems like the Euro is trading in a complex W-X-Y correction. The 1.0930 level reached last week is the critical point we are looking at. As long as we continue to trade below it, odds favor another run lower which should break below 1.0516, targeting at first 1.0460, the 38.2% retracement of the rally from...
The current uptrend wave is potentially a leading diagonal with a valid inverted head & shoulders reversal pattern breakout - now with a DOJI candlestick this week, the price could retrace to the neckline level 25k, watchout for a false breakout then most likely to breakdown - SHORT ENTRY to the neckline level and EMA200 week -20+% downside (A valid inverted H&S...
Here's an update for Nasdaq Composite Index, got 2 alternative move, how about you guys? Let me know in the comment section, Thanks. Trade safe, everyone!
At this moment I have an ABC scenario that may also be an impulse with wave 3 instead of C. Wave A or 1 finished at 2.618 fib extension wave 1 (of wave A or 1) vs wave 2 (of wave B or 2), wave B or 2 that may be an extended flat pattern finished at 0.5 fib retracement of wave A or 1. Now probably we have finished also wave 1 from wave C or 3 ( a leading diagonal...
Looking for an 12 12 for avax. Enter long above green line. Invalidation below red line WXY correction for second wave 2. Good luck! Any questions? fell free to ask!!
Last 4 - 5 months I tracked #Bitcoin to see when it will hit the bottom like many of you and I was expecting capitulation before we see a strong move up from BTC. Did Crypto find bottom, Alts and BTC? I'm not 100% sure but altcoins made nice 50%+ move some even bigger move from bottom. If you are not already long on some of these movers or if you catch some of...
The price action suggests that we have possibility to see the nest, the 'basis' of a powerful jump. 1-2 1-2, 3 of a 3 of a 3 in progress!
Cute little nest in progress (1-2 1-2). That's how the price reacting to the bankrun?