Hey traders, here is a brief technical outlook of 4 peculiar instruments on my watch list. 1️⃣ EURJPY - Daily time frame 🇪🇺 🇯🇵 I see the signs of a bullish accumulation: the price has already set two equal highs and keeps setting higher lows. I believe that we will see a breakout attempt of a current horizontal resistance. Daily candle close above that will...
Ok, the grey case looks bleak now. However... It is remarkable how Elliott wave count can be twisted both ways. I closed longs but did not open shorts. Unbiased and neutral at the moment. Last move up looks like ABC and not WXY which you would expect for wave iv in contracting diagonal. Plus the shape of the diagonal is not pretty. Too wide in my view and wave...
Hello friends. The market recently announced that there has been a reversal from the Oversold condition into the Overbought condition. According to the SentimenTrader Backtest, this will provide us with an excellent signal to get long on the market. 62% of the time, this signal led to higher prices within 1 month, and it was 83% of the time within 2 months. We can...
dxy is in the process of seeing a significant breakout. this 105 level is basically a line in the sand for what can be. above 105, opens a door to 109,113,116,119. --- if you think things are bad in the market right now, you have seen nothing. 🛑
BTCUSDT getting small bull then a big dropping Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Seems like we are approaching a forever bottom in COIN which should be the tip of wave 2 I guess. Wave 1 is not visible on the chart as it was pre-IPO value buildup. If I am right this is a tremendous lifetime opportunity. Coinbase stock could be as good as or even better than crypto itself.
Oil is in correction for major wave 2. Currently need to complete 5 wave of red wave in order to complete C wave of sky blue
Hello friends. It's a good time to dust off the Bitcoin charts. The structure and choppy nature of price over the past 2 weeks suggests that we formed a corrective motion rather than an impulsive movement, possibly the A and B waves of an ABC, which would require a C wave before being complete. We had previously talked about the potential for a lower time frame...
Time and price target for wave 4! Important: This chart is not financial advice.
- On the daily chart / 12h, we can see a huge falling wedge - bullish reversal pattern. - Out profit target is top of the wedge or 0.618 FIB. - Also the price is now above the ABCDE descending triangle, which is a good sign of strength. - As per my Elliott Wave analysis - the impulse wave has been completed successfully! - If we take a look at the RSI...
goodemorgen, yesterdays trajectory, and the two i have displayed here are my top 3 projections. which one is at play, nobody knows - so it is important to prepare for anything the market may throw our way. -- the white path implies an impulsive 5 waves down, this would make any bull sweat - knowing that 5 waves down is merely the beginning of something. the...
Bitcoin most likely “found” its “bottom” as last idea. As its price downward price movement probably “stalled” at Fibonacci price 0.786 << measured from point 2 ( Circled Red) to point (B)( cyan/light blue)>>.. AND Fibonacci time 0.5 << projected from point a (green) to point 3 (Circled Red).>>.
- On the daily chart, we can spot a falling wedge and the price is currently above the wedge. - Due to my Elliott Wave analysis, the ABC correction should be completed and we are ready for a new bull market! - You can buy a breakout above the black double top resistance. - If we look at volume - we can see a huge bullish volume spike, which is definitely a...
gold analysis time frame 1D good luck for everyone .
I'm waiting for the price reach 50%-61.8% retracement as it is a common teritory for wave 2 to end
It is critical to analyze indices when choosing stocks ! SPN (Energy sector of S & P ) outperformed SPX since start of new year . While SPX is officially in bear market , SPN gained above 30 % so far and was above 60 % at it's latest major high !. SPX bounced back last week raising hopes for bulls however, I think it is just a bear market rally and worst may...
Before I get started, let state that this isn’t a short signal. This is more of a mid-term TA to show where the bottom is. This TA has to be one of the most realistic charts out there. We have some calling for 10k and we other people saying that we’ve bottomed out. We will meet in the middle and I’ll explain why. I drew out the Fibonacci Levels from Wave 1 up to...