Fibonacci
Bitcoin Could have a pullback into a break out to 27.9Bitcoin was rising yesterday despite DXY movement to the upside.that indicates we may see a rise in prise when dxy pulls back down. IF DXY keeps going up and hit specific levels we could see a capitulation candle to the downside instead of a upside for BTC.
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DAX Elliott Wave Analysis for Tuesday 26/09/2023The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside. This downside should be preceded by an upward move as we are close to finishing an ABC structure.
DAX Elliott Wave Analysis for Monday 25/09/2023The higher degree correction in the DAX can be finished as we took out the wave (W) low. However, the main expectation is that we see some further downside. This downside should be preceded by an upward move as we probably finished a WXY structure (in red) or we are close to finishing an ABC structure (in green).
Fibonacci Trading And Price ActionI set up a Fibonacci price cluster with resistance on the H4 time frame.
I hope at the price cluster above the price can change the current trend.
I also noticed a bearish divergence on the H4 timeframe of this currency pair between price and MACD histogram.
Let's wait and see how the price will move when the 4-hour price bar closes.
How I confirm a signal and enter a tradeQuick 2:00 clip of, LTF trade signal and entry for potential short-term reversal trade.
This is a more risky version of my trading strategy which doesn't put much emphasis on the HTF trends and structure. Do not take this trade - this is just an example that if signals lined up with HTF and there was confluence, this is how I would trade it.
Happy trading :)
DAX Elliott Wave Analysis for Thursday 21/09/2023The primary scenario (in green) is now calling for a triangle as a wave (X). We are still missing the E leg before we break down as a wave (Y). The secondary scenario (in red) assumes that wave (X) is in and that we can expect more downside as a wave (Y).
DAX Elliott Wave Analysis for Wednesday 20/09/2023The primary scenario (in green) is now calling for a triangle as a wave (X). We are still missing the E leg before we break down as a wave (Y). The secondary scenario (in red) assumes that wave (X) is in and that we can expect more downside as a wave (Y).