TSXV:HIVE showing a symmetrical triangle with a long term price target of $0.81. All elliot waves confirm to the rules and the 5th wave target has been reach ($0.58 - $0.59); I will be selling my position in the morning. Price correction is coming and after it will push to complete the target of the symmetrical triangle.
I used MACD Trend Strategy to confirm my...
A zigzag pattern was identified on the chart which signifies a corrective wave, impulse move is expected to follow immediately.
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a new oppurtunity to open another sell trade await behind the neckline of the emergig head and shoulder pattern as shown on the chart.
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-Silver is recognized by inverters as a risk-free asset and also has industrial use.
-I think silver will becoming more valuable faster than other precious metals.
-Gold is going to rise but Silver will outperform Gold.
Escorts is on verge to complete its impulse phase of elliot wave, if corrective wave unfolds from current levels we made see retrace ment of around 10-15-20% in counter from current levels,,
best range to go short is around 1140 to 1180 for safe traders
view gets negated above 1221 on closing basis of hourly candle,,
First of all we are in the 5th wave of FX:EURUSD , if we look at Fibonacci retracement of wave 1-2-3 we can see the price is very close to 161.8 % retracement.
also RSI shows us a big divergence.
we have to wait to see what will happen because fundamental analysis doesn't really support this idea....
share your opinion on this idea in the comments.
Hi all
I am still so bearish on amazon in short term but it long term I believe it can climb all the to the 4666$ level
my predication is based on Elliotwave, fibo ratios and reverse RSI method
Do NOT buy it now and wait for the pullback
I came up with this analysis based on the price action and supported by Elliott waves,
This is the upcoming scenario with a big probability,
Please share with me your thoughts,
Regards
We are getting close to an important resistant point:
1- it confirms with Fibo ratios
2- we have the downtrend invalidation level
3- it confirms with reverse RSI method
I think the market will reverse after getting close to the invalidation area
if the invalidation gets hit, I will change the analysis
For now I consider a bearish count
as you know,i have estimated sth but i have be in trobble.it is a new idea about BTC that i think.
May be not.but it is my idea and jut see about the elliot rules and adjust on it.
this is the last bearish model we can consider for now.
if It fails I will stay away from the market because RSI shows a divergence in daily chart and I dont like to buy a diverged market.
