Price action and chart pattern trading > Elliott Wave downtrend channel with triple bottom breakout > Indicator: MACD triple bullish divergence > Entry @ breakout & pullback support EMA50 zone > Medium Target @ EMA200 - SMA200 zone 0.382 Fibonacci retracement +17% > Stoploss @ triple bottom position - 7% > Risk reward ratio: 2.5:1
My favorite model, especially they have to be counted at a much smaller level to get a nice textbook entry, I'm WuLog
EIGHTCAP:XAUUSD GOLD Short trade plan Aggressive entries NOW Conservative entires wait for Trendline Break and Retest. Disclaimer Charts are educational, not Investment Recommendation
ABC correction or even a 5 move ompuls down. The move isn't complete, hoping to sell USD to my target shown before reanalyzing to know if it's an ABC or a 5 move impulse move
Buy CRV at .70c . Then sell it for $10 EOY. After that send big mike a 10% tip because I learned ya.
Pair: CADJPY Timeframe: 1H Analysis: Round number level, trend line, volume profile, support and resistance ---------- Key Takeaway: Seen a break of trend and resistance ————— Level needed: Need to see price close by 104.965 ————— Trade: Short RISK:REWARD 1:11 SL: 28 TP: 317 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
SPY is in low volume state along with short covering and ready to breakout based on CPI and PPI data as well as follow up interest rate hike talk. Due to low volume bullish, still on the up trend line but other technical indicators have started to cool off like MACD, RSI,SCHOLASTIC, AO. In few days May touch 421 or breakdown from this level. Sell starts from...
Simple as that. I personally expect that we have reached or almost reached the correction B from the wave 4. Therefore I am expecting a upside move towards our target on daily. Still -> correction B is not yet validated, need to see an upside push for validation.
The cable is in a bearish trend and we can clearly notice the 5 impulsive waves, now the price is correcting and we expect the C corrective wave to be formed in these days. The elliot theory combines perfectly with a very strong MACD divergence. Pay attention at the news affecting the pound and the dollar this week.
Good morning traders, I have been a little busy recently, so haven't had chance to provide an update on my wyckoff accumulation idea. As you can see on my chart, we are well and truly in to the new bullish trend that follows a wyckoff accumulation pattern and from the looks of things there is a Leading diagonal pattern forming, made up from waves and the sub...
Price action and chart pattern trading > Anticipating a breakout of dragon ridge or descending triangle breakout downtrend DRAGON ABC wave pattern with current Intermediate C-wave in zigzag formation > Target @ possible making a minor 4-wave uptrend correction retracing 0.0382-0.5 previous 3-wave +50% - +70% > Stoploss @ the lowest position of the -25 - 30% to the...
Absolutely stunning… What about this looks unhealthy?
Price action and chart pattern trading setup: > Possible upcoming ending diagonal of intermediate 5-wave downtrend with inverse head & shoulders > Entry @ breakout neckline > Target @ approximately the height of the head 9 baht > Stoploss @ upcoming right shoulder minor 5-wave > Risk reward ratio: 2:1 with downside -6% Indicator: > RSI +50 cross MA and MACD...
Hi Traders, Investors and Speculators📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. The Elliott Wave theory is named after Ralph Nelson Elliott (28 July 1871 – 15 January 1948). He was an American accountant and also an author....
The impulse from a new high or new low is the most important price action when it comes to change in trend. It’s a clear move with no overlaps between waves 4 and 2, which confirms that the current recovery is strong. We see this going on gold. So more upside after a pullback is expected.
Wave 4 double correction about to complete, expecting wave 5 invalidation shown on chart
Update on previous prediction now expecting an extended wave 5 for the Flat wave 2
Expecting Wave 5 After the completion of Wave 4 count invalid if wave one is crossed