Trade Idea: BUY Signal 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 7.5 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any...
BINANCE:KNCUSDT breaks the resistance of the figure and forms the primary impulse. The resistance 0.726 is retested. The price moves to the realization phase. What to expect next? KNCUSDT is forming a bullish setup. The prolonged downtrend may break and change to a bullish trend. The price is retesting 0.726 in the phase of realizing the accumulated...
This will be at the forefront of my mind when it comes to the NASDAQ. You will notice there are 2 arrows on my chart. One labeled Bear count, the other Bull Count. These are just stating I have 2 diff counts going on this chart as I am attempting to track a bullish and bearish scenario. For this decline, I will mainly track as a bullish correction until we breach...
Gold breaks through the 1963 resistance, but as it turns out this maneuver is false. The descending price channel is contributing to the price action, while at the same time price is retesting the support area and retracing back to that area to test the breakout attempt. TA on the high timeframe: 1) Price is approaching range support. NFP related news may...
We tested the green and bounced impulsively. Hoping its not a C of some potential flat. Retrace to long with a stop loss. Expecting higher highs to come. For the moment , things are going according to plan. If no plan, then STOP LOSS!
Recent price action gives me a slightly bullish bias. I'll consider long trades with a sustained break above 0.22 resistance. My primary count considers we are in wave Y of a 3-wave correction, which could take us to new recent highs. As always, I trade price action, not a possible wave, so I'll be waiting for confirmation.
I think Bitcoin is still in a bearish trend in its monthly trend and needs to complete its 5th Elliott Wave to continue its upward trend. Bitcoin needs more demand to continue climbing, which is clearly seen in the $12,000 range. #Bitcoin
Hello Traders, NIFTY50 has achieved my first target-range @ 16430. Today's low was @16423! A close above the 0.618 Fibo @ 19532 could be a good hint, that it was all for shorthand! If not, one open target could be @ 19371. At this level, waves c=a! More bearish potential exist! As I wrote before. Another open area could be around 19300, while a break of this level...
Waiting for a explosive move around the 0.5 or 0.618 levels. The explosion should be to around the 40k level (it would have been lower in percentage but because the last move didn't hit the level it should have based on Elliott Wave BTC is gonna have to catch up)
USDJPY is strengthening, making a false breakdown of local trend resistance. A correction towards the key support area is being formed, a rebound is likely to follow TA on the high timeframe: 1) False break of 142.25 may form a rebound to 140.7 2) The price is updating the local maximum, we should not expect a strong fall, as the market has a key target of...
FX:EURUSD is forming a false breakdown of the support line. The price is still trying to hold within the bullish trend The false break of the trend support led to an increase in liquidity, after which a reaction is formed in the market, which brings the price back into the channel and confirms the false breakdown. The false breakout may be followed by a...
We might have finished an upward structure in the lower timeframe that aligns with the end of an upward structure in the higher timeframe. We are waiting for a clear ABC pullback in order to go long.
In the 1 hour, it looks like the DOW finished an impulse to the upside. We are expecting more downside to finish a corrective move. We go long after a clear ABC pullback.
The short-term Elliott wave view in GBPJPY suggests that the pullback to 176.26 low ended larger degree wave (4). While the pullback unfolded as a zigzag structure where wave A ended at 179.45 low. Wave B bounce ended at 182.52 high and wave C managed to reach the 177.65- 174.63 100%-161.8% Fibonacci extension area of A-B. From there, the pair started the next leg...
AMEX:SPY August 2, 2023 15 Minutes. Took support at 200 averages around 455.5 levels. If we take yesterday fall from 457.84 to 455.49 it retraced to 61.8 levels around 45.9 levels. On the larger fall as drawn previously 459.44 to 451.55 it was around 5 levels. For the rise 451.55 to 458.17 AMEX:SPY hovering around .382 levels. And taking multiple support at...
I wanted to throw everyone a bone tonight and let you know about another very potentially lucrative trading opportunity. I will not go into it very much as I believe the chart basically says it all. The box I have highlighted is the MINIMUM I am expecting this security to reach. If this thing acts at all like Rivian did, then the price is going to soar. Don't feel...
NZDJPY WAVE AND TREND ANALYSIS It seems that this currency pair will fall to the desired range, it is not a precondition for trading, it must be done with personal analysis.
I wanted to zoom out the chart tonight to give everyone a bigger picture look for better clarification. We spend so much of our time down in the nidi gritty trying to figure out the micro's, we sometimes neglect the macros. In the main chart above, I have made an entirely new chart with a bull scenario in mind. It suggests we are now coming to the end of this...