Ewpanalysis — Trading Ideas on TradingView

ETH/USD: Triangle or Double Three in Wave B of a Zigzag?1. We are still in a sideways range. 2. This is a continuation of the previous idea, but the wave B of zigzag is not yet completed. 3. As I said earlier, another pattern may develop in wave B. 4. I am inclined towards a triangle or a double three. 5. However, Ethereum has not yet shown its strength globally, so there is every chance that it will fall even lower, which is why I presented this idea as the main one.

ETH/USD: A global bearish zigzag on Ethereum 1. The main idea is a global zigzag {a}-{b}-{c} to the downside. 2. Wave {a} can be counted as a double zigzag WXY, but I don’t want to do that. 3. However, I still want to break this move down into a leading diagonal triangle (LDT), which is what I’m showing on the chart. 4. Locally, there is no clear strength, and the price action looks corrective. 5. So it’s crucial to know whether wave {b} is complete, as this move may develop into a more complex correction. 6. If wave {b} is complete, we may already be seeing the development of wave (iii) of {c} on the local scale. 7. The downside move could extend for a minimum of two more months toward the lower channel boundary. 8. If wave {b} becomes more complex, we may still see its full development into another corrective pattern, followed by the advance of wave {c}. 9. The basic targets of the decline are the 0.618 and 1 Fibonacci levels. For now, I don’t want to include the 1.618 Fibonacci level on the chart. 10. There’s a strong chance that in the future the price could reach the range between $2,033 and $1,141.

S&P 500 (SPX) - May 6th Week Ahead (Bullish Harami!)S&P 500 (SPX) - May 6th Week Ahead Bullish Forecast This week, we've observed a bullish signal with a weekly harami candlestick pattern, indicating potential upward momentum. Here's the forecast for the week ahead: Short-term Outlook (May 6th Week): We anticipate the S&P 500 to continue its bullish momentum, aiming for new highs. The weekly harami bullish close suggests a reversal of previous downward sentiment, setting the stage for upward movement. Our short-term target is 5665 for the S&P 500. VIX Analysis: The VIX, currently around $12, may test lower levels this week, possibly dipping below $12. However, we may see temporary bounces around the $12 mark, possibly occurring a few more times before sustained downward movement. In the short term, expect fluctuations in the VIX, with potential tests around $12. Intermediate to Long-term Outlook (Most Likely Q4): Looking ahead to the intermediate to long term, particularly in Q4, we forecast further decline in VIX values. We anticipate sub-$12 levels, possibly down to $11.50 or lower, with multiple daily closes supporting this trend. Upon reaching these levels, we'll position ourselves for ultra-long UVIX/UVXY trades, employing laddered expirations ranging from one week to multiple weeks/months. We'll maintain directly held positions in anticipation of increased volatility, capitalizing on the VIX's movement. Summary: Short-term bullish sentiment prevails, with a target of 5665 for the S&P 500. VIX may test lower levels, potentially dipping below $12, with short-term fluctuations and possible bounces around this mark. In the intermediate to long term, expect a decline in VIX values towards sub-$12 levels, where we'll position ourselves for ultra-long trades.

Is The Dow about to crash!!!! This rally is a massive Bull trap!The DJI has completed 5 waves down in a leading diagonal from its all time high to complete Wave A, and is now retracing in wave B which will subdivide in 3 waves, before it completes 5 more waves down for Wave C.