Litecoin of Mr.Lee is almost done with it's own wave 2 retracement. Last zone of buying would be around the renko lines
between 30$ and 45$. It's possible that the bottom of Wave 2 is already in and the Vortex indicator is making a turn since
september 23rd. Bears are still in control and interest in volume is starting to increase...
XAUUSD has been consolidating and bouncing around in a falling wedge pattern aka bull flag since it made a 2019 high in the beginning of September. In this analysis we have 2 scenarios which could play out. First one, from a purely technical perspective, we have a cluster of Fibonacci levels right at the psychological $1450 level. Price could potential come down...
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This week analysis for major currency pairs , gold and crude(usoil) youtu.be for 21.10.19 for...
Correction time. Then down it goes.
Share your thoughts and observation in comments session :)
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It looks like the corrective wave (2) of the bullish minor degree has ended at 0.7434 with an open complex w,x,y minute pattern. The recent upside looks impulsive (awe could expect a more complex pattern with a flat likely to appear) and fresh highs could be expected once a valid breakout of minor 1 top is seen.
In the short-term, we could receive a deeper...
Flat may be completed, with the wave C as an ending diagonal. It touched FE 162% & rejected.
Need to wait until the current down move completes and price goes into a pullback, preferably to 62% back to enter a short trade
In the forecast for the pair, I proceed from the assumption that a triangle forms in the waves of "2" (look update from July, 21 in my telegram channel).
The internal structure of this triangle is not obvious and the specific place, where the market is now, is not obvious.
I put forward the assumption that this is the end of the wave (c). Which in turn is a...
Last week, my model dropped a 94% Short Bottom Probability at the current low of 7,912.66, targeting the zone of 8846/8912.00.This could be the end of the wave C).
I just forgot to publicly it at time, but it is still useful, so I do.
I'm looking for long trade setups here since the higher degree structure should be a regular flat and after that, we should have an up impulse. There is a divergence between green A and C waves in 4h and inside C wave we have a 5-wave structure with divergence at the end. Now, I'm waiting for a reversal pattern to place a pending order above the...
Price decisively moves to the north. Applying Schiff pitchfork, we see that price "sees" its basic levels, and is heading towards the median line. Median confluences with the fibo projection for the wave 3 of the unfolding impulse (200%
level or, if you apply FE - that will be 162%).
Price action is strong enough to make a reasonable assumption about the...