Nifty analysis and trade plan for tomorrow Thursday 9th NovemberNifty analysis and trade plan for tomorrow, Thursday, 9th November
Fibonacci
EurUsd Trade idea for 08/Nov/2023This is a detailed multi-timefrrame analysis of eurusd where I talked about what I expect the price to do over the next few hours. It is educational and informative. I showed important levels of structures where the price was at and where I will expect the price to touch before I take a trade.
Possible bearish movement US30English
In my last idea published, I was waiting for a bearish reaction in the 50% fibo´s zone, but the price is going up. What do I see right now? We have a bearish structure on a daily timeframe and I hope to continue selling this index.
In adittion to that, all the retracement we saw, were "healthy" for the price and we don´t have any GAP or something like that which is good. In this retracement we´re having, I´ll be waiting for the price to go to the 79-89% fibo levels to see the reaction and waiting for a price action confirmation to start selling this index, let´s see how it goes in the next days.
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En mi última idea publicada, estaba esperando una reacción bajista en la zona del 50% del fibo, pero el precio siguió subiendo. ¿Qué veo ahora en el mercado? Tenemos una estructura bajista en una temporalidad diaria y espero seguir vendiendo este índice.
Adicional a eso, todos los retrocesos que vimos, fueron saludables para el precio y no tuvimos GAPs o algo parecido, lo cual es bueno. En el retroceso actual, Estaré espeando que el precio vaya hasta el 79-89% del Fibo y ver qué reacción tiene y a la espera de una confirmación de acción de precio para comenzar a vender este índice, vamos a ver cómo se mueve en los próximos días.
Possible GBPUSD movementsEnglish
First of all, I looked at the market structure, we have a very clear bearish structure since the 70´s and I looked at the last fractal to see the possible movements and debts the price may cover in his path.
I saw the last movements during (The LL and LH) that last bearish movement that the price didn´t get at least the 50% Fibo´s, it happened with the two bearish movements.
I took a look as well at the possible debts and I used the Fibo extension and noticed a debt in the level 1 (100), so we still have a zone to cover right down (A possible LL).
So, we have two possible movements and two debts that we need to pay attention, one in the 1.86648 price to look for bearish movement and another one waiting for the price to go down and get the debt in the 1 (100) zone of our Fibo extension in the price 0.95397.
Let´s see what the market does to "refresh" my analysis.
*THIS IT NOT INVEStMENT RECOMMENDATION OR SOMETHING LIKE THAT, THIS IS ONLY FOR ANALYSIS AND EDUCATION PURPOSE*
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Primero que todo, miramos la estructura de mercado, tenemos una estructura claramente bajista desde los 70s y me enfoqué en su último fractal bajista para identificar posibles movimientos y deudas del precio en su camino.
Vi los últimos movimientos (alto más bajo y bajos más bajos) en su último movimiento a la baja e identifiqué que el precio no cubrió en ninguno de sus retrocesos al menos el 50% del Fibo, por lo que tenemos vacios donde el precio tiene que subir en algún momento.
También vi lo que serían posibles deudas en la zona baja e identifiué una deuda en la zona del 1 (100), justo por debajo del último precio a la baja, por lo que tenemos un posible bajo más bajo que cubrir.
Por lo tanto, tenemos dos posibles movimientos y dos deudas a las que debemos prestarle atención, uno en el precio 1.86648 para buscar posibles ventas y otra esperando un nuevo movimiento a la baja hasta el precio 0.95397 buscando posibles compras.
Ya veremos qué hace el mercado para actualizar nuestro análisis.
*ESTO NO ES RECOMENDACIÓN DE INVERSIÓN NI NADA QUE SE LE PAREZCA, ESTO ES SOLO PARA ANÁLISIS Y EDUCACIÓN*
S&P500 Elliott Wave Analysis for Monday 06/11/2023 (+ Higher TF)We reached the extreme boundary of the wave (4) area. The scenarios widely vary depending on whether this level holds or not. We need more data to provide a good forecast.
Plutus PLU: FIBS and FundamentalsPlutus' Pluton token (PLU) looks ready to break out of a recent downtrend. Fib retracements seem to correspond with previous levels of support and resistance and hint at targets up towards the $40 mark. This seems feasible, though adoption coming from a release of their card in the US market could potentially see it far exceed this level.
Bitcoin Could Grab Low 33K Liquidity Over The WeekendBitcoin was showing sign of upside move on friday but now its fading away.still expecting to clear 33.4 at least which could happen over the weekend
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Fibonacci Trading And Price ActionSet up a Fibonacci price cluster with resistance and support.
I have confirmed a sensitive price zone where the price may reverse at this point because there are quite a few buy orders and quite a few people close their sell orders when they meet their expectations.
I took profit and have now moved my stop loss to my entry position to ensure I won and made a profit today.
I find trading setups simpler and cleaner on stocks than on forex commodities and index futures.
Fibonacci Trading And Price ActionSet up a fibonacci price cluster with resistance and support.
I set up on DXY not to trade on DXY but I use it to analyze transactions on products related to DXY. Related to the power greenback.
Bitcoin Weekly Overview,Is This The Top ?Bitcoin candlestick wise showing signs of top.Trend Line wise we could see way higher price for btc in the upcomin weeks.
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S&P500 Elliott Wave Analysis for Monday 30/10/2023 (+ Higher TF)We reached the extreme boundary of the wave (4) area. The scenarios widely vary depending on whether this level holds or not. We need more data to provide a good forecast.
NASDAQ Elliott Wave Analysis for Monday 30/10/2023 (+ Higher TF)We are still working on the wave (4) as a WXY structure. The wave Y is unfolding as an ABC pattern and it looks like we are finishing wave ((a)). Based on a major resistance level and the S&P 500, the alternative scenario calls for the end of wave (4) as a WXYXZ structure.
DOW Elliott Wave Analysis for Monday 30/10/2023 (+ Higher TF)In the higher time frame, we are working on a corrective move down. The primary scenario is now suggesting that this happens as an ABC. The five waves down from the high might also indicate a bearish flat scenario. In the lower time frame, the final wave ((v)) of wave 5 of wave A looks incomplete.
DAX Elliott Wave Analysis for Monday 30/10/2023 (+ Higher TF)In the higher time frame, we are working on a wave ((2)) correction down. The primary scenario is now suggesting that wave ((2)) is unfolding as an ABC. The five waves down from the ATH might also indicate a bearish expanded flat scenario. In the lower time frame, the final wave ((v)) of wave 5 of wave A looks incomplete.
NIKKEI Elliott Wave Analysis for Monday 30/10/2023 (+ Higher TF)In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The wave Z has started and can unfold as either a WXY or ABC structure.
S&P500 Elliott Wave Analysis for Friday 26/10/2023We got our confirmation that wave (4) in the higher time frame is not finished yet. We are probably working on the wave Y of a WXY correction. The wave Y is unfolding as an ABC pattern and it looks like we are finishing wave ((a)).
NASDAQ Elliott Wave Analysis for Friday 26/10/2023We got our confirmation that wave (4) in the higher time frame is not finished yet. We are probably working on the wave Y of a WXY correction. The wave Y is unfolding as an ABC pattern and it looks like we are finishing wave ((a)).
DOW Elliott Wave Analysis for Friday 27/10/2023We took out the 04/10 low and therefore it looks like we will have an ABC correction down instead of a WXY structure in the higher time frame. In the lower time frame, it looks like we are finishing wave (v) of wave 5.
XRD & GFAL 💎Don't Sleep on these ALTS!Hi Traders, Investors and Speculators of Charts📈📉
In today's analysis, I present to you 2 gems altcoins with great setups and great upside potential - XRD and GFAL .
Let's take a look at ideal buy zones and future upside potential in this quick video analysis.
Don't forget to check out this update on LINK:
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CRYPTO:GFALUSD MEXC:GFALUSDT BITFINEX:XRDUSD KUCOIN:XRDUSDT
DAX Elliott Wave Analysis for Friday 27/10/2023In the higher time frame, we have completed a WXY correction but as forecasted this was not yet the wave (2) low. The lower time frame was showing corrective price action indicating more wave (2) downside. Several bearish scenarios can be considered because we took out the 04/10/2023 low.
NIKKEI Elliott Wave Analysis for Friday 27/10/2023In the higher time frame, the primary expectation is that wave (4) is not finished yet. The price action we are seeing after the WXY structure still looks corrective which makes us call for a triple three or WXYXZ structure. In the lower time frame, we have two equally valid scenarios. The wave Z has started and can unfold as either a WXY or ABC structure.
Bitcoin Might Make Extreme Liquidity GrabBitcoin still has some good levels to the upside to take liquidity with over 1.5 Billion to the upside.we could also go lower to 32K for a new extreme or high around 35800.
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BTC - NEXT: Extremely Overbought, RSI hits 102Hi Traders, Investors and Speculators of Charts📈📉
I'm expecting some more volatility on Bitcoin as the RSI recently 102 which indicates and extremely over bought market. This is also confirmed by the technical indicator. Usually, after such extreme numbers are hit on the RSI, the price needs to "cool down" or retrace before continuing back upwards. This could mean lower price action for a few days ahead.
It's vital that we retrace back towards the $32k zone to CONFIRM this as new support, and not a fakeout. Two scenarios I have highlighted on the chart is either straight up to the 1.618 and then the support confirmation, or first support confirmation and then up to 1.618.
Either way, I'm bullish on BTC and I'll be looking to take a long from support at $32k.
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