USDJPY Short: Video WalkthroughHello, this is the video walkthrough on the USDJPY short idea that I posted 7 hours earlier. Price has since moved down so you would either scale in your short position, or do this on a smaller size based on your risk management. But definitely for this idea, the invalidation point, and thus the stop loss, will be if price moves above the wave Y high.
Good luck!
Fibonacci
Bitcoin Neutral to Bullish: Completion of 5-wave structureIn this video, I break down the wave structure of Bitcoin and go through in detail the wave counts and where there are breakdowns in the wave structures. I also go through the bitcoin peak price for the most recent wave using 2 Fibonacci extension levels.
My outlook is that Bitcoin is going to go much further as this completion is likely to be a sub-wave 1 of cycle wave 5 instead of being the cycle wave 5 itself. I support this notion by referencing to Etherum where there was a false breakdown.
USDJPY: Detail Technical Analysis and USDJPY CharacteristicsIn this long video, I go through USD/JPY short idea in 2 parts:
Part 1: Detailed Technical Analysis and Elliott Waves
1. Head and shoulders - daily
2. Completion of Elliott Waves
3. Breaking down of A-B-C
4. Measurement rules on profit targets.
Part 2: USDJPY as a product (characteristics)
1. It's a flight-to-safety product similar to Gold
2. thus also a short equity markets product.
2. It is a short dollar product.
Bitcoin long: Expects Wave 5 Extension, Target $112,608I provide an update to the Bitcoin Elliott Wave primary wave counts. Here's a few things to note:
1. Primary Wave 3 = Primary Wave 1. Wave 3 is actually slightly longer than wave 1 but for the purpose of ascertaining whether it extends, we take the position that it did not.
2. Expects Primary Wave 5 extension of at least 1.618x of Primary Wave 1, giving us a target of $112,608.
3. Stop below Primary Wave 4, around $92,750.
S&P500 Long then Short: Last Wave 5 of 5In this video, I updated the wave counts for S&P500 and expects a last wave 5 of 5 (thus the long). I uses 2 Fibonacci extensions to project the final target and chose the lower of the target as the TP.
Once the target is reached, then we look for a reversal signal before entering short. The target of the short will be the end of sub-wave 4 as illustrated.
Good luck!
10Y Bond Yield Long (Bond Short): Another recession signal?Take note that I do have a bias on when analyzing the bond yield. But the counts are valid nonetheless, except that another leg down is also valid (as briefly mentioned). Take this as a part 2 to the multi-assets analysis that I made on 11th April.