The NIKKEI is doing a wave (4) correction as a WXY. Currently, we are working on the Y leg as another wxy structure. We are in the areas from where we can reverse but the structure looks incomplete as two more swings are missing.
The downtrend's fifth wave was confirmed for the divergence. I am bullish now for short term, till we decide what will be the next step for BTC
So far, we have breached the 0.382 and almost tagged the 0.5 fib retracement. Given the fact we are about to start or have already started wave 3 of c, I would not be surprised one bit if we drop from here. There is also a very real chance this has just been the micro a wave of (2). On the 3min micro chart we are on neg div. Multiple other time frames, including...
EUR/JPY gave us a STRONG Bearish Break of the Descending Triangle its been in since Aug. 30th after having came back down into pattern after the False Break! This has initiated my Trade Action Plan! -SELL- { SL } 157.024 { Entry } 156.52 - 155.808 { TP } 153.5 *TRADING INVOLVES RISK! DO NOT TRADE WHAT YOU DO NOT UNDERSTAND OR HAVE NOT TESTED BEFORE! THIS IS...
Hello friends We see the formation of a 5 Elliot wave in the EURAUD currency pair Wave 4 is in the form of zigzag WXY The second scenario is the formation of an ascending corner triangle in the form of an ending triangle in wave C In both cases, with the completion of wave 5 or C, which are probably completed at the ceiling of the ascending channel The price...
Technical Analysis: - BTC is still doing a correction in wave ((2)) in black - H1 & H4 right side is turning down Technical Information: - Wait for the correction in order to buy in wave ((2)) when it's done
NAS100USD has made 3 attempts to break above the Falling Resistance and after that 3 attempt declined down further past our Low (Point A) initiating my Trade Action Plan! Price is well underneath my Dynamic Support and Resistance and I anticipate it to come down into contact with the 200 EMA! -SELL- { SL } 15176.7 { Entry } 14967.1 - 14897.3 { TP } ...
BINANCE:BTCUSD continues to form a global ascending price channel. After the retest of one of the important support levels, a new bullish potential appears On the chart I have marked the range 31400 - 25400. Earlier we saw a correction to the support area and a false breakout of the level, which gives the market a new potential. The indicated range plays a...
Netflix has been in a Downtrend since July 19th. After its failed attempt at a Higher High, price decided to break down below its Low (Point A) beginning my Bearish Sequence Setup and I believe it is on the move to Retrace to the Fib'd Range @ 412.27 - 398.52 to be rejected down to Sequence Target @ 315.6 - 283.05! As for indicators, Price Action has moved...
The primary expectation is that wave X has finished and that we are doing an ABC pattern down as wave Y. We see two equally valid scenarios. Firstly, we might have finished wave Y as an ABC. Secondly, wave (v) of wave ((c)) is still coming.
The primary expectation is that wave X has finished and that we are doing an ABC pattern down as wave Y. We see two equally valid scenarios. Firstly, we might have finished wave Y as an ABC. Secondly, so far we only finished wave ((a)) and waves ((b)) and ((c)) are still coming.
The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like we are working on the fifth wave of wave ((c)).
Looking for potential further upside into wave {iii} of 3. Invalidation level stands where the horizontal red line is. Looking forward to finding out of the move will develop. Feel free to ask questions and leave a comment. Trade safe!
Bitcoin continues to rally from the bottom of 24920 to 27137 and is heading towards 28650! This is going to happen; the bull market is absolutely awesome, and profits are huge! If you are following me, I have been bullish almost from the bottom of the last big dump while the majority is still shorting Bitcoin on futures, which can also be seen in the negative...
As expected we are seeing further downside as a wave ((v)). There are some signs in favor of a reversal which means that the corrective WXY structure down can be finished. However, at this moment, we are still bearish in every timeframe.
LIT has just rebounded off of the EMAs, accompanied by the stochastic resetting, providing a clear signal of a bottom formation and confirming the initiation of the next bullish wave. Keep a close eye on the .74 price level, as this is where the majority of trading volume is concentrated. Once we break this zone, my target is the 1.618 fibonacci level which almost...
NASDAQ:RIVN Daily printed shooting star on high volume after rejecting weekly supply zone. Also rejected high volume node. Massive volume gap below. Expecting a huge sell off as long as stays below 28 level targeting 16/15 support zone.
Current assumption is that Minute waves A and B are complete and the final Minute wave C should bring the market up early this week to complete Minor wave 4. The high for the week should occur prior the close on Tuesday. This analysis will point out the levels and locations to monitor for this event. An early peek of Intermediate wave 3’s final projection is also...