It is clear that the Russian Stock Exchange is heading to work on historical corrective waves after it ended five strong upward waves, and it is currently in the last, third leg of the correction, and it is expected to decline strongly to end wave C, including the beginning of a new five-motive bullish wave
Based on my study on Gann + Fibonacci + Elliott Wave, here's i present you the 2 months forecast for GOLD Calculating swing height is much more harder since it was actually controlled by monetary policy rather than just a natural phenomena, what we can actually count is just the time So we know when it will go up or down I don't guarantee a perfect timing nor...
Price action and chart pattern trading: > The weekly price currently trading below EMA200 W with a possible 4-wave correction rising wedge pattern, approaching target EMA200D > Entry @ rising wedge breakdown > Target @ 0.618 extension rising wedge target +20%+ > Stop @ EMA200D -10% downside > Risk reward ratio 2:1 Always trade with affordable risk and respect...
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hours, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. However, in the 1 hour, the upward structure looks incomplete and after the successful trade of yesterday, we...
Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. We see two areas where to go long. Traders can choose a shallow retracement (wave 4) or a deeper retracement (wave 2).
In the higher timeframe we are probably doing a pullback. Also the lower timeframe looks bearish. For today, we see an opportunity to long (against the main direction). A safer option is to wait for the pullback and then go short (with the main direction).
We discuss three scenarios that could play out today. We see an opportunity for a long trade but traders should be careful as a pullback is expected in the higher timeframe. This means every high can be your last high.
NASDAQ100 comes down from 161.8% Fib, so can be higher degree wave 4, either deep in price or sideways in time. In either case, it can take a bit more to complete correction based on Fibs and time compared to wave 2. First support is here 14800-15k, then its 14400-14600,
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hour, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. However, in the 1 hour, the upward structure looks incomplete and there might be an opportunity for a long trade.
Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. We see two areas where to go long. Traders can choose for a shallow retracement (wave 4) or a deeper retracement (wave 2).
I see sell opportunity to short Gold. This is shorting on subwaves V/3, to be specific form iv/V to v/V. This trade must use SL as this is at the zone of the end of wave 3. Trade safe.
The FTSE is moving again. We see a potential long trade for today (against the higher timeframe direction).
Trading day preparation. Although pullback is expected in the higher timeframe, we might see some more upside in the lower timeframe. We discuss several scenarios that could play out. For today, depending on what the market gives us, we see an entry for a long trade.
BTCUSDT just made a peak accomplishing the wave B, likely starting a impulse wave inner the next wave C downward. On Chaikin Money Flow we can see a hidden bearish divergence on this daily chart. Overbought condition on ESCGO_LB suggesting that a bearish leg is coming to close the week. I'm expecting a drop to the 20k demand zone region to finish this minor A-B-C...
As we said in our latest analysis about FX:AUDUSD pair (see chart below), our resistance area has worked properly, and pair has triggered a bearish leg. Having said that, drop has been fast and this confirmed the resistance validity. From a technical point of view, we are now looking for a continuation or reversal pattern on intraday chart. In the next sessions,...
Although the NASDAQ looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. In the 4 hour, we see 5 waves up and wave 5 is ending with divergence compared to wave 3. If the divergence is not erased, we would expect a pullback. Traders should be long from yesterday (see yesterday's video) and protect their trade.
Although the DOW looks bullish in the higher timeframe, we expect a pullback in the lower timeframe. As presented yesterday, traders should be long now and protect their trade. In the case of a complete structure, a deeper retracement is possible.
completed an abc with so much liquidity on the B wave.