Technical analysis Ethereum is very bullish, the price went above the trading range, which is a strong sign of strength. We want to wait for a retest of the trading range, do not FOMO in. Make sure your entry price is good! We can see that the ABC correction has been completed and we have already started a new impulse wave. This is my quick update on ETH. Let...
There is nice diagonal down, which implies second part of down movement. But for now it is unclear if the correction is over.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line Break of Structure and Retracement CHOCH and Divergence in RSI Completed " 12345 " Impulsive Waves and " AB " Corrective Wave
I have been really looking at AMD lately because it has been on a tear for years now. In 2018 it was trading for under $10 and closed over $172 dollars on Friday! Thats a 1620% return on your investment in 7 years...talk about insane! Last time I posted on AMD I made an hourly chart and I believe I was off by one degree. The main chart you see above is the daily...
After the drop and downgrade from JP Morgan from 112 to 100. Oracle completed its (4) wave. Possible completing a subwave 1 (blue color), price looks losing steam, so maybe it is time for a healthy pullback to wave 2 (yellow box) and continue for the best wave 3 rally and get the target at the golden ratio. Of course, news could invalidate this count, but in the...
For those SPX Bears who have noticed the percent(%) of stock above the 50-day has been dropping from the beginning of 2024 and wondering … Why hasn’t the SPX been dropping as it typically does when this happens ?,....Unless SPX drops suddenly , here's the 2024 plan: First: If you have noticed this your way to smart and shouldn't be trading stocks (try landing...
Hi traders, Last week Bitcoin finished the correction and went up again. I still think this is a bigger correction so I expect another move down, maybe with US CPI next Tuesday. At the moment there are no signs that this pair wants to go down so I wait for the downmove (correction or impulse) before I take any trade. Let's see what the market does and...
Analysis of Bitcoin on the Weekly Timeframe Overview: BTC is expected to reach $40K after completing the 5 impulse wave After reaching $40K, BTC is expected to experience a correction wave down to 25K The future price action of BTC is uncertain, as it may either continue as an uptrend or fall below 25K to follow the WXY pattern Note: These...
Overview: The chart is expecting that we are still in the Double Three Combo WXY Wave from the monthly analyses The current movement is expected to extend the double three combo to make it a triple three combo wave WXYXZ. Expectations: If the price falls to around 1.046, then we will have two scenarios: If the price rebounds from this point, then we...
Overview: This chart is showing signs of a potential large bullish wave we analyze now the Wave Three 'III' ( the green one) from the big 5 impulse wave. Expectations: Wave 1 has already been completed, and we are currently in Wave 2 When the price goes down below the entry point, a deeper Wave 2 is expected to occur and end around 1.073 If the price...
Overview: This chart is showing signs of a potential large bullish wave we analyze now the Wave Three 'III' ( the green one) from the big 5 impulse wave. Expectations: Wave 1 is not yet finished Once the price rises above the entry point, Wave 1 is expected to continue rising and end around 1.12298 After Wave 1 is complete, Wave 2 will start and is...
We are looking at wave (3) in the higher time frame. Wave 1 of wave (3) could be finished or we had a relatively short wave (3). This is unclear for now. We reached the limits of the bearish scenario, we need to see downside from the current level.
In the higher time frame, it looks like we started a new upward cycle from the October low. This means the wave ((2)) low is in after an expanded flat. The alternative scenario assumes a wave (2) low of a lower degree. This results in two possibilities: we are now working on a wave ((3)) or we are close to finishing a wave ((1)).
Hi traders, Last week XAUUSD finished the triangle and went lower. So next week we could see this pair drop (maybe one small leg up before) to continue the last black wave C to complete the bigger (black) ABC correction down. Let's see what price does and react. Trade idea: trade sells after a change in orderflow to bearish. Note: Next week I'm not able...
Hi traders, Last week SPX500USD went up a little more just like I said. For next week this pair could still go up a little more but I think we could see a bigger correction down soon. Trade idea: trade buys after the finish of the small correction down on a lower timeframe and a shift in orderflow to bullish. Note: Next week I'm not able to make an...
Hi traders, Last week EU dropped some more and made a correction up. For next week I think this pair could go down more to finish the grey Y-leg. Trade idea: Trade sells after a change in orderflow to bearish on a lower timeframe. Note: Next week I'm not able to make an outlook, so expect it again after two weeks. If you want to learn more about trading...
Hello Traders, SMCI has made new ATH @ $745.17 on Friday! For whom which trade this stock, a great reward ratio! But what to expect ahead? Well, the highs are not supported by increading volume. That means, most traders are invested in this stock. For me, a "danger" situation. But, what do I know? Anyway! A pause of the bull market, should lead to a longer time of...
Hello Traders, The NIFTY50 has dropped back to the top line of the yellow rectangle! This could be a "test" of the breakout level at 21754. Friday's candle was bullish. So the odds are that the coming week could be seen in positive territory! In detail: The blue rising trend line of the longer-term channel needs to be broken for more bullish potential! A trade...