This could be a medium term consolidation as per my old idea (watch related). So trading the range is what we are expected to do.
Cardano has been in a corrective downtrend and is starting to look like the upside is ready. Watch for the breakout. I Will post in the updates what will invalidate the setup!
Go head, work it girl!!!!!! I'm still holding my buy and I'm cool with whatever, but do you see how and why these patterns form?? And keep in mind that running triangle can become a bigger one with one more little move down to break trend line. But I bet there's a lot of sells with there stop above the high it made..........
We could hypothesize that the correction to the previous propulsive wave has been realized with a corrective wave of the "flat" type, which seems to have expressed its end resting on the support at 210 $. Signal of probable beginning of the propulsive wave given by the value of the RSI dropped to 20.
Hello Traders! Glad to present Tengri's Traders prediction concerning Litecoin. Do not trade! Hard situation! Possible we see the formation of Ending Diagonal Triangle!? Subscribe to "Powerful Traders"! Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis, Volume Spread analysis, Market...
Strange how these 2 corrective structures are going. The one from 2k had a contracting flat for the B wave, and the one from 10k made an expanding flat for the B wave. Will this play out like last time?
Dogecoin appears to be currently on intermediate wave 4 (blue) and is about to start wave 5. Wave 4 is a flat correction, which is a 3-3-5 ABC correction. Soon, Doge should start pumping again and hit the short-term target of 11k. Doge could hit as high as 1750 in the long term. Since cycle wave 1 (pink) and wave 3 are about the same length, wave 5 should...
Looking to complete the B Wave of a Flat Pattern on the Weekly
Just some basic analysis. Lets see what happens!
There is a possible flat channel forming here on EURGBP. To be sure, watch the bottom of the channel for a valid bounce before placing any trades.
Right now, I am looking for a wave c of B to start to complete the ZZ! Let's see what happens!
Running Flat en USDCAD diario. Espero entrada en corto en el nuevo impulso cuando se forme otra bandera. Buscaré el primer Take profit en el bajo de la bandera, y el segundo profit en el -0,27 de Fibonacci. ----- Running Flat on USDCAD daily. I'm waiting for short entry into the new impulse when another flat is formed. I'll look for the first take profit in...
PA is creating a nice flat pattern for another sell towards the downside. USD/CHF formed a nice pin bar close this past Friday after the NFP results. so all chf pairs are looking to gain strength. Will watch this pair this week to see what Price Action (PA) gives us. Potential 300+PIP move right here so be on the look out!! FXT :)
We can see that the pair has formed a nice Double Top at a major level which is why I'm considering short positions for the near future. Looking at the bigger picture we could be in a Flat ABC correction, whichever the case maybe I'm looking towards the downside. A break of the upper trendline should provide even more confirmation, while at the same time we can...
Watch for the breakout! Overall structural view is in the related ideas!
Since my last update on June 23 - 2017, we saw wave 3 bottom at 12.53, which was just below the expected 12.67 target. Since this low wave 4 has been unfolding as a flat correction. I'm looking for wave 4 to complete in the 15.54 - 16.03 area for the next impulsive decline in wave 5 towards 9.98. Stay tuned for a top and new impulsive decline soon.
Let's see if we get some bullish momentum near the lows. Will post chart updates on this one
As we can see this pair is forming a Flat, which means it's a good opportunity to sell it after it breaks the 4th wave of the ending diagonal. The pair is already at the bottom, so please take your profit as soon as possible because we don't know when the biggest correction or the reversal may occur. P.S: This content is for educational purposes and discussion....