AUDJPY overview AUDJPY has broken the low created in December last year, which confirms that the most probable path is continuing the bearish corrective cycle WXY until reaching at least 81.455. This fact opens us the opportunity to look for shorting opportunities until we reach that level. We will not blindly enter to sell AUDJPY in any case. Only if we see...
From a technical point of view, the trend is bullish on 4H chart, so it could be interesting to look for a potential corrective structure that we could use to try to take a long position. At present $CVV has never paid a dividend and there is no new information about that. NASDAQ:CVV Strategy : Wait the corrective structure completed and Long on Wave 4 ...
99% Confidence It is now official that BTC has started its new bull market cycle after a confirmed weekly candle close above 25.5k. Major Wyckoff accumulation phase is over, now is the time to mark up the price. Elliot Wave analysis also confirmed that the whole move in the last quarter is a new cycle wave 1. And price has already made weekly candle close above...
TFD Wave Analysis / Projection - 5 wave ending diagonal pattern? Normally the opposite of previous wave if wave 1 was ABC uptrend, the correction could be 5 wave down > A potential 5 wave pattern correction downtrend bullish scenario with 5-3-5-3-5 pattern after finishing uptrend ABC wave pattern 5-3-5 > 1-wave - 5 wave downtrend correction retraced previous ABC...
Price action and chart pattern trading medium term setup > A possible sideway downtrend ending diagonal pattern with a falling flag channel 5 wave > Now, the price reached the T1 target at 1.618 fibo extension of 1-wave downtrend > The candlestick pattern is consolidating at the lower support level could be 3-wave and getting ready for 4-wave uptrend rebound >...
Wave Analysis combined with price action and chart pattern trading: > A potential minor 1-wave descending triangle breakout scenario with ABC falling wedge retraced 0.786 fibonacci level > After recent uptrend diamond breakout above SMA200, now assuming a possible upcoming bullish divergence FAKE BREAKDOWN minor 5-wave to complete the reversal pattern for...
Potential bullish crab harmonic pattern completion. We may be completing wave 2 of a very large sequence in the form of WXY correction. we shall see!
I Want to point out a few things about the last bitcoin's possible reversal point: 1- We had the highest volume on daily candle since 2023 with a bullish pin bar 2- The price rejection is from the previous cycle ATH around 19700$ which makes it an important level (Maybe the strongest support till 16000$) and also near the bottom of the ichimoku cloud Now, IF we...
Since I started posting on TradingView.com once per week, I have been warning my readers of softness into the 3800 -3720 area target box. Today, I have no reason to believe otherwise. Really, my only question is when, and then what happens next? I have a purple pathway down to the low 3000’s and as of now that remains an alternative. With the loss of positive...
As of 3/12/23 Waiting for Primary Wave 1 to fill in Subwave iv. Then… Draw a Fib retracement of entire Wave 1 Wait for Wave 2 to fill in Move retracement to Wave 2 high Map Wave 3s 5 Subwave structure to the following Per Elliot Wave Trader (EWT) Tutorial i - 38.6% ii -...
As you can see from the Monthly Chart, U.S. Case Shiller Home Price Index could experience an interesting price contraction in short-medium term, could this also be a clear sign of a potential economic contraction, recession? If this happens, we shouldn't be surprised, the Fed is doing everything to fight inflation in the United States... Trade with care! 👍...
BTCUSD Bitcoin is possible in wave 2 which is retracement against wave 1 since 21st November and can be completed near 20k. So this can be short candidate with invalidation level of 25271. Disclaimer I am not sebi registered analyst My studies are Educational purpose only I am not responsible for any kind of your profit or loss Please consult your Financial...
Hi everyone! From a technical point of view, the trend is bullish on daily and intraday charts, but at the same time, on the weekly chart, trend is still bearish. Having said that, at the moment, a reversal (bearish) pattern has formed, and as long as GBPUSD fails to trigger a new Top, a bearish consolidation is possible in short-medium term. This pattern will...
From a technical point of view, this count predicts a Top formed by an irregular B wave, and this swing should call an impulsive structure (i-ii-iii-iv-v), before a new rally. With that in mind, I have shown the main support (1.065 area) on the chart. The first resistance is wave A, if we manage to break it, this pattern could fail and confirmation will be given...
Clean uptrend structure :) wave 2 retraced 0.786 + ny session it will moon may be today or tomorrow cpi
USDJPY is ready for the new ride towards upside , wave 5 . another impluse going to begin :)
As you can see the main trend lines are on the chart. The Trading View's Elliot Wave projection suggests going around the next resistance IF the current correction is over and if not, the stop loss will be triggered based on the support's break. Since we are near a good support of the main up trend, there is a good risk to reward Ratio for going long. Green...