i was thinking this is fundamentally good stock but chart pattern leaving not much hope for some months to come , a pullback may come but eventually it will retrace till 350 + before a reversal can come .
Price action and chart pattern trading setup > Elliott Wave projection - downtrend final correction position with an expanding diagonal pattern. > Inverted head & shoulders reversal pattern in TFD with bullish engulfing candlestick > Indicator: RSI strong bullish signal cross above MA and MACD golden cross signal line > Entry @ Neckline breakout > Stoploss @ right...
Previous post: Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading...
Respecting the EW path: Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid...
The reasonable price range for shopping is indicated in the chart. This is the C-wave end price range of y.
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
Wave 5 of C is being completed. X or B-wave or 4 correction will begin soon.
I am new to this, but I really enjoy it and would love any feedback. This is not financial advice. This analysis is based on the Elliott Wave Theory. I think you will see one more major move up before watching it fall to the ground like a dead cat. This is based on the 5-3 theory and considering that this is a psychological play more than a fundamental play it...
As my previous post regarding wave theory analysis of SPX, it seems that impulse wave defined by B (White Secondary Cycle) has seemingly reached its peak. My analysis is inferring a "Double ZigZag" corrective pattern following the end of our primary cycle represented by Yellow path. Double ZigZags typically retrace anywhere from 0.50 to 0.79 Fib levels in...
Looks like we're still completing our C wave, as our RSI indicates no divergence just yet, which is typical between wave 3 and 5. Once that fifth wave completes, we gon' see new bitcoin highs like we've never seen before.
Price action and chart pattern trading setup > Downtrend target in range with an ending diagonal pattern of wave C correction > Entry @ Elliott Wave channel breakout > Target @ SMA200 for medium term trade > Stoploss @ Target Wave 5 with downside -10% > RRR: 2:1 Indicator: > MACD bullish divergence continuously Always trade with affordable risk and respect your stoploss
Key levels: 0.6520 Price is forming a corrective descending channel for 13 months. Currently, the price is facing resistance at the upper band of the parallel channel. As per Elliott wave projection, NZDCHF is forming corrective structures (W), (X) & (Y) . Price has completed the intermediate wave (x) and started falling for the final wave (Y). Traders can...
relief will come only from 26-28 levels . these levels will provide exits to people who are stuck . from 26-28 levels a pull back of 25-30% may come . from these levels pull back or reversal may come .probabilities are high for pull back rather than reversal.
btc in 30m timeframe finished a flat wave 5 completion and formed a bearish divergence it also formed the leg c of a bullish harmonic pattern
UK OIL has been showing will retest the supply zone around 114 to 116 and dump to continue its down trend and finish the wave 5 of elliot
Price action and chart pattern trading > Elliott Wave downtrend channel breakout testing SMA50 key resistance > High possibility breakout key resistance and retest SMA50 > Entry @ SMA50 retest - Target SMA200 + 30-35% > Stoploss @ SMA20 -10 - 15% downside RRR: 2:1 Indicator: > BBD continued uptrend positive banker fundflow above baseline > KDJ stochastic strong...
#META has found support on its long term 38.2% Fib level ($158.50). Stochastic has also reseted on the monthly timeframe. Thus, #META was never so oversold as it is today. Could we turn the page and move higher from here in a new impulsive structure? We remain flexible and keep an open mind on the idea!
Short Term Oil Crash is Unfolding... As per my counting, we just finished 1,2,3,4,5 and are on the way to finishing C wave of ABC. Only for educational purposes!