Dear colleagues, I assume that wave 5 is still incomplete. I expect the price in the support area at 1.26159 Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Price correction wave 2 of 5 is completing. After the completion of this wave, I expect the start of a new upward wave.
Looking at .43c to be the bottom of W2 of the HTF W5. Should get there soon.
Last week I posted my long-term perspective of the SPX cash market from inception . This is the reverse of that. I am not an economist. I'm a pattern analyst and trader. Nonetheless, as a student of the economy, I find that rarely do fundamentals align with a technical forecast. I try to encourage my members to abstain from applying linear thinking to...
Just an idea .... this is a possible price action which could develope. It could also be like zig zag pattern, but whatever the shape is, should be appr. inside the bearish channel. We might also head out here and there but then get back in again... . No boday knows exactly how it will be, trading was always and will be a game of probabilities. Trade safe folks :)
Hi Traders, Investors and Speculators of Charts📈📉 One of the most important parts of trading is following the macro phase and planning your trades. The only way to do this, is to pre-identify the macro market cycle that's currently playing out, as well as determine key zones of support and resistance. You do this by drawing up trend lines on the chart, from a...
USDCAD broke 1.33862 structure and extend to the upside given a valid demand zone (DZ) mixed with 4H Bullish engulfed pattern(BEP), reacting on the demand zone(DZ) which indicates a possible bullish move to the upside and also considering 1.33862 as a flip zone. expecting a reach at 1.35028 and 1.35550 target
BINANCE:BTCUSDT Bitcoin after the formation of wave C, which passed 138% of wave A, we have to wait for an upward movement, and I have the range of 32000 to 33000 to start in my mind! After that, we will again experience a short downward correction and return to 29900, and after that, I am considering a small upward movement to the final range of 36000, and...
The decline has not ended yet, and it is assumed that we will go to the shaded area below, including a simple correction, and we will update the analysis at that time. Note: The analysis fails to close above the 103usdt area.
After the completion of wave c from B, wave c from X has started to decrease in price.
The USD edged slightly higher, and stocks hit new lows for the week yesterday after the release of FOMC minutes. These minutes revealed that officials expressed concerns about the pace of inflation and noted the possibility of additional rate hikes unless future data suggests otherwise. So cryptos are down as USD seem much more attractive with higher yields/lower...
It is possible that this decline is a compound decline and not a simple one, but if the numbering is correct, then it is expected that it will be minus a last downward wave, and the great decline will end, so let us see what will happen Note: the analysis fails if the price closes above the area 27 usdt
Mostly, the shape formed by the top is a composite correction, and currently we are in the upward correction phase, and it is about to end and start a final decline in the Z wave. Note: the analysis fails if the price closed above an area 0.8 usdt
Five waves of the rise of wave A were achieved, then three corrections of wave B, and then five waves of the rise of wave C. From my point of view, the corrective rise has ended
From the current general shape, this ascent is nothing but a test of the last broken bottom and closed its predecessors.. Therefore, it will complete a decline again after completing the re-test to the shaded area below. Note: the analysis fails if the price closes in the highest area 0.392
I think King BTC is about to slaughter some bears here.. Not FA but don't fade the channel yet IMO
Dear colleagues, the price is completing an impulsive wave 5 and is approaching the support area at 1.26159. I anticipate that the price will undergo a correction towards the 61.8% Fibonacci level at 1.27413. Manage your capital correctly and competently! Only enter trades based on reliable patterns!