APT's broken out and retesting the support around 11.9 That is confirmed by good signals: - Ultra High Volume - RSI divergence positive and above 50 - Breakout Resistance When it's completed the correction wave around 11.9, we can join it for short-term. It might be hit $18 Wait and see
Dear Investors The ongoing consolidation is frustrating and unfortunately Ethereum gives me reason to be worried about the next days. The red Fibonacci extension zone between the 1.236 (1828$) and 1.386 (1884$) extension resembles a tough resistance and for more than 15 days we didn’t manage to push above these levels. This failure results in our projected...
High risk, high RR, half position Expecting one more wave to the upside to complete the wedge. Entry 0.6238 SL 0.6185 TP1 0.6291 TP2 0.6354 TP3 0.6424
Hadn't published this trade I entered yesterday, but it is still valid. ➕Entry at 37.64 🛑SL 36.09 💚TP1 39.20 💚TP2 40.74
Dear investors As we approach another week, the frustration grows that bitcoin and ethereum are still struggling to reach higher. I switched the chart from the 1D to a 12H timeframe, so the individual spikes and movements can be seen better. Additionally, I activated the 1.618 extension in bitcoin which highlights another resistance at 28’720$. For more than...
The post with the short term analysis for NG has gotten quite cluttered. So today I start a knew thread with more of a long term analysis. Unfortunately commodities most often don't adhere to the five wave pattern of the impulsive movement. Commodities rather form connected big three wave moves. So I like the idea that we are in wave C of a bigger wave Y down....
It appears Minor wave 3 (yellow number 3) may have concluded. I called the top around 4112 and it hit 4110.75 near the close on Friday. We shall see how Monday opens but a new low should be in the making over the next two days. Next up is Minor wave 4. The historical data has been very consistent with a 47-49% reversals for wave 4s in wave 1s in wave Cs. I...
DAILY CHART Combination wave 4 completed? What do you think?
Hello friends. We will go long on Dogecoin if the price can fall a little more to our entry at $0.069. The idea is entirely based on wave theory and in particular the leading diagonal pattern from wave theory. We have observed that after this pattern, the price tends to pull back to exactly the 0.618 retracement level and then move extremely fast and hard in the...
My take on crude oil monthly wave structure. Working on the idea of classic motive pattern to the upside to complete wave I of (V). What do you think?
(High risk, half position) Entry 0.2750 SL 0.2639 TP1 0.2861 TP2 0.2972 TP3 0.3259
If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Broke above .50 and testing the other side. Holding here would be ideal and a break below would have me looking a bit more into this. There is a 3 wav move up at the...
Prices should continue higher to the 4390-4560 range. Upon finishing minor wave 2, prices should make new lows during minor wave 3.
If severe USD deflation begins soon, Bitcoin could return to the phase 1 price level of the 2017 Hyperwave at $1,000. The recent wave pattern looks like a non-failure reversal (aka extended B wave). If this pattern is to complete, it will break through 20K, bounce to retest 20K and continue on to lower lows.
Hi traders, EURUSD finished the bigger (black) correction down. I think next week we could see the next impulsive wave down to at least the extreme 4H demand. Trade idea: Wait for a correction up on a lower timeframe and trade sells after a Change in Orderflow to bearish again. Let's see what the price action does next week and react. If you want to learn...
High risk (half position or less) Limit Entry at 0.06259 SL 0.06196 TP1 0.06323 TP2 0.06406 TP3 0.06488
Hello Traders, as I wrote in my latter analysis, NIFTY50 took the "last" chance to reverse the trend! After three red candles, building a bottom at or around 16910-16920, trend reverse and popped up with bullish volume above my cited, important range @ 16207. The week's close was at 17359! From an Elliott wave perspective, we have two alternates. First is, this...