We have just completed a full on ABC. Wave C have just finished its 5th wave, of the 1:1 fibonacci of A-B, which indicates that we should see a upward movement.
Also the 4H RSI is telling us that we have a bullish divergence which confirms the Elliott wave count.
A movement up to 3900 is reasonable, as it is the top resistance of the falling wedge.
Good day Traders
Our $3470/$3500 support has been holding strong. Although we keep getting rejected by the $3550/$3600 resistance, we now have bullish divergence on the 2H MFI so still expecting a move to the upside. Our 1D SMA50 is going to be strong resistance yet again, this time around $3670 but we first need to get above $3600. The way I see, we have 4 ...
Since we already had a ABC downtrending. We got our corrective wave up hitting near the 0.618-0.65 extension. (350-355)
I expected that we would encounter some sort of resistance there as corrective waves usually end there.
By doing a simple RSI 4H analysis, we can see that we have a bearish resistance at the top of the RSI, which suggest we should expect a ...
Continuing from my previous chart. Fibonacci downswing retrace is always 61.8%
All vertical lines are the CME Bitcoin Futures expiry dates
Each orange vertical line, shows a CME date that was preceded by a bounce
Following those dates (orange), there is a short retest of the recent high
The price then drops all the way back down to test the start of that ...
(0) We should expect for one more test of the 0.236 Fibonacci level at 1.3321 to enter short
(1) Our expected bearish trend to break the channel could represent the fifth Elliot wave
(2) In the 4th wave, we can see there is a decrement in the volume traded that let us know that the demand is not strong enough.
(3) The price might keep going downward looking to hit ...
With Nasdaq and the Dow officially in a downtrend, and have a lot of further down to go, i believe tech stocks are going to have the biggest impact on it.
Right now AMD is doing a flat ABC, where it's going to test 24 USD again.
I would place a short at 23,8 USD with a stoploss at 24,5 USD.
As the title says i expect it to drop to 6 USD. With could ...
Where is Nifty Header for 2019? According to Elliot wave theory, Nifty has almost completed its wave and it is already feeling the heat. Fibonacci and Gann are showing respective resistance and support levels. We will be starting a wave cycle soon. Time to buckle up?
Please trade at your own risk. This is not a trading advice.
Good day Traders
The H&S is still playing out from my previous post with a stunted 38.2 fib retracement to print the right shoulder, although I still expect another wave up to complete it. The downward sloping flag from my previous post seems to have turned into a right-angled broadening wedge as we found support at the same level as 13 Jan. Yesterday's drop ...
I've placed a short from 4080-4110 to test if we have a ABC. I dont believe that the retracement we had was a proper ABC. So i think 3400 Area is very likely for our C.
RSI is showing us that we have a bearish divergence on the 4H. MACD is also curving down on the 4H. So this support the bearish outcome.
If it breaks above 4140. This theory would be ...
Bitcoin course has just made a rebound on the MA 200 long-term trend.
This had not happened since 2015 (January to October) as my graph shows in logarithmic.
What at the time had signed the end of the bear market in 2014!
This trend reversal signal adds to those of my previous ideas.
To summarize all my ideas, there is a convergence of the following ...
Been keeping a close eye on this one , i see this as a final 5th wave down . Even though pot stocks are overvalued. This one being brand new to the market not long ago m i feel this needs to have at least one good run before getting smashed back down. Lets see what it does
Targets Posted ...
On my last analysis we gotten a long opportunity around 3580. I am holding this long until 3830, where we should be seeing a 4th wave down for the retracement.
Then it is to be expected that we would see a 5th wave up targetting 3990.
Since we are developing som sort of wedge there is going to be alot of resistance around the 4k area.
TXN shows a cross-over on MACD at Fibonacci Retracement 0.500 and on 1 hr. chart likely having a short dip below $97 entry area. Recently increased their dividend nicely over last 5 years as well.
Been watching them invest in R&D and they have chips in growing markets for 5G, automotive, communication and industrial.
In the last 12 months, TXN has returned ...
BTCUSD seems to be in a pullback phase of its second setup bull leg. The first bullish impulse leg got retraced around 85%, same retracement level applied to the current bullish leg lands us around $3200. Judging from the previous behaviour of this pair, if its historical dynamics are repeated, the ultimate demand area can be expected around $3500-$4500. If the ...