The primary expectation is that wave ((c)) of wave 2 is finished. We are in the areas from where we can expect a reversal. If the reversal is not coming and we take out the low, the secondary scenario with an additional impulse down as wave ((v)) comes into play.
Thought's on the #DXY AR. Automatic rally seems complete!! looking for a correction wave 1,2,3,4,5. back down to create the spring phase... #XRP #BTC #ETH #GOLD #silversqueeze
The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y.
In the higher timeframe, it looks like we have completed a WXY correction. If the low holds, the wave (2) correction can be finished. If the upward move fails, several bearish scenarios can be considered.
XRPUSDT POSSIBLE BEARISH SCENARIO if price close below the up trendline and while RSI still below the 50 level then XRPUSDT will have a high probability to dip lower than 0.41 Invalid level on chart Good LUck
Hello ladies and gentlemen :) I couldn't make a prediction yesterday for Tradingview, but even though I could predict the move, I missed the reaction area by only 3 pips and couldn't get my short trade. I think the last breakout started the main correction of the WXY move with a nice example of an impulse move. I expect it to move to the orange zone below, as I...
Hello friends In the US oil price chart, we see a completed 5-wave pattern Currently, with the breaking of the upward trend line and pullback to it, a zigzag correction is being completing and we expect the price of oil to drop to $76. Good luck.
Bearish count, looking for impulse wave to complete in 23000-24000 range.
I have one completed impulse wave (green ellipse), with bullish and bearish interpretations of price action in the blue ellipse. Two impulse waves down from today's high of 4430.50 (red ellipses). If price breaks above 4417.50 with impulsive action, then I think that a long-term bottom at 4235.50 is most likely complete. If high of today holds as resistance, and...
Hello friends We see a completed 5-wave pattern in the EURCAD currency pair After a complete 5th wave, a corrective zigzag pattern or... is formed If the drawn downtrend line is broken, we expect the price to fall to around 1.3752 Good luck
Not financial advice All charts are made on current market conditions Please like follow and comment
BINANCE:IOTXUSDT is proving strong amid a weak market and the fall of the flagship cryptocurrency. A dense pre-breakout formation is forming on the chart, which can give a great move if a number of conditions are met BINANCE:BTCUSD is declining, the market failed to strengthen above 28000 and the price is falling to 26000. On the background of the 5-day...
My preferred view of SPX right now! Although we're showing signs of resistance currently, my expectation would be us continuing slightly higher into this heavy cluster of resistance around $4450. I don't see us easily surpassing this level. I still find the $4000 area likely, as I'm watching for a second bearish wave before we see any real bullish continuation...
Bearish pattern i've been considering! My resistance appears to be holding strong- provided we don't take these highs again, i'm expecting a slow bleed to take liquidity below April the highs/// below $4000 in the coming months. I have another idea for SPX, leading us past $4700 by the end of the year- i'm certain one of these scenarios will play out soon...
USD/CAD may be giving us a Bullish Sequence breaking out of the Consolidation or sideways movement its been in since Oct. 3rd, outlined by the Bollinger Bands. Price Breaking and Closing above 1.36237 will confirm the sequence which will activate the Sequence Target range @ 1.36876 - 1.36667! -Fundamentally, USD had CPI and Unemployment Claims this morning with...
The persistent uptrend from September took wave 5 all the way up to 0.2200 in an ending diagonal. Correction could be finishing wave C in the 0.1100 zone, which is a confluence of: - 61.8% pullback - major resistance/support level from August / early September - just above 161% extension from waves A-B. I´ll be watching how price reacts from this level to decide...
GOLD continues its upward path. The price breaks through 1877 and consolidates above the level, which gives the market new upside potential to 1900 TA on the high timeframe: 1) The dollar index is in a falling phase, which gives gold upside potential 2) Gold failed to reach an important target and thus will continue its rise TA on low timeframe: 1) Breakout of...
We're in a bearish impulse pattern. Waves 1 and 4 not overlapping. The wave 4 touched the 38,2 Fibonacci retracement level.