Price action and chart pattern trading > Ending diagonal pattern with possible upcoming wave channel triangle breakout > Possible upcoming Inverted Head & Shoulders > Indicator: RSI / MACD bullish divergence indicating ending diagonal final wave 5 downtrend > Entry @ triangle breakout > Target @ Previous 1-wave + 75% upside > Stoploss @ 3-wave Head position -25%...
After confirming the break of the resistance level136.60, the price forms Elliott waves in a perfect way, the correction waves ABC are almost finished, and the bullish trend is still dominant in the market, which confirms the idea of buying. LIKE AND SUBSCRIBE FOR MORE DAILY SIGNALS
19.2k-17.5k for max pain capitulation on this downtrend. good buy zone for spot long-term portfolio ~16k-23.5k taking into account feasible scenarios of could go. Though,16k-17k will put BTC literally down to the wire of max pain, and maybe create a generational bottom. w/ institutions being more public in their interest w/ BTC I suspect more ranging for a long...
Follow the expected wave scenario for GBPUSD movements 4 hours After breaking 2175 Continuation of the negative outlook after the formation of the new bottom LL and a return to test 2110 with negative momentum RSI <50 With the awaited bearish reversal, the chances of the decline increase to complete the fifth descending wave, by surpassing the bottom of 1.1933
USDJPY has seen an impressive rally from the lows in late May. But there are cracks in the armor: we see strong momentum divergences in both the MACD and the RSI. We also have a nearly complete 5 wave sequence (the wave count inside the circles), with a triangle as wave ((4)). This is very telling from an Elliott Wave point of view. Why? The triangle pattern...
Price action and chart pattern trading setup > Bullish flag pattern - possible final uptrend wave to complete ABC correction of intermediate 4-wave. > Entry @ bullish flag breakout > Target @ SMA50 zone / 1.0 extension of A-wave + 15 - 20% upside > Stoploss @ flag lower support - 5 - 6% downside > RRR: 3:1 Always trade with affordable risk and respect your stoploss
It is completing wave 4 of the middle level and soon the price will decrease in the direction of the main trend.
Weekly update with my long-term scenario... It looks short-term bearish, but it is the best scenario for long-term bulls according to Elliott waves! It has a gap fill in the low 20s, and then a wave (c) super cycle will start. As you see on the side there is a gap of volume below 35 and then a huge amount of volume from 10s-20s, I am not saying we will go there,...
Based on my analysis on a higher timeframe, the monthly timeframe to be precise. Overall, we are in an expanding correction and price as being respecting since market went into a correction phase. Last week, we saw price drop of about 5.04% and we probably had a rough week because was NFP week. Right now, we are in the last fifth wave of micro wave C ending the...
Price action and chart pattern trading > Impulse uptrend with bullish flag corrective pattern - possible uptrend completing major 4-wave > Target @SMA50 zone +10-12% upside > Stoploss @ bullish flag low support - 4-5% downside > RRR: 1.5-2:1 Always trade with affordable risk and respect your stoploss
Price action and chart pattern trading > Inverted head & shoulders upcoming breakout for uptrend 4-wave, estimated retracement 0.382 retracement zone of previous 3-wave and is exactly equal to the Inverted H&S Target > Key resistance at downtrend upper channel resistance > Indicator: RSI bullish above 60 and MA line > Entry @ H&S breakout > Stoploss @ right...
Hi everyone Today, according to the xau/btc chart, I decided to share this idea. I saw another sign from the ETH/BTC chart about the positive trend of Bitcoin, which I will also share in the comments section.
I think the count isn't complete and am going in for a sale to complete the circle
Price Action & Chart Pattern Trading > Estimated Target MINOR ELLIOTT WAVE 5TH based on Fibonacci 1.0 of wave 1 and 1.618 retracement of wave 4 vs the earlier powerful THREE DRIVE HARMONIC PATTERN of MAIN ELLIOTT WAVE 4TH correction > Reversal pattern INVERTED HEAD & SHOULDERS in day timeframe. Trade with affordable risk 3:1 Always respect your stoploss Good Luck
Every action there is equal and opposite reaction, 3 rd law of NEWTON. In elliott wave theory, for every 5 wave decline there is a 3 wave recovery. up to 62% enjoy the trend change ,and make use of it .
Hey guys, Hope all is well. Bitcoin is still trying to find a support, but I think that whenever the price and time of two pullbacks are similar then we should pay a closer attention to it, because most likely the sentiment is also very similar compared to the previous cycle. However, confirmation that we are back in uptrend would be above 33k. Also, lets not...
As per my previous HEW count of ETH, here I bring you my updated count of the Bitcoin structure since inception. I think we're seeing the very first cycle correction since birth, but given confluences between ETH's structure and Bitcoin's, I believe it won't be able to crack the 2020 covid low. After the correction is over, which frankly could take years, the sky...