Hello, The dollar index TVC:DXY started an uptrend from 100.600. After reaching the liquidity zone around 104.900, it faced a correction due to profit-taking by buyers. The correction extended down to the demand zone at 102.300. The index has bounced back from the demand zone and is trading at 104.000. The EMA is moving between the candlesticks, indicating a...
I usually publish daily charts but will now switch to 4 hour. There looks to be rsi divergence between the 4 hour, daily, and weekly timeframes (dotted line). Price has been rising on low decreasing buyer volume recently. Started a leg here and am looking for a 20% to 40% fib retracement of the previous macd low. Buyers seem to be staggering a bit at this...
4 Potential Divergences spotted at the current price level. Price may push towards the 90% fibonacci level. Strong resistance level located near that level.
4 Potential Divergences spotted at the current price level. Price may need to pullback towards the 90% and 100% fibonacci levels. Price may continue to move deeper than the 100% fibonacci level but we need to see further data if that level is breached.
Looks like we've spotted an impulsive wave to the downside recently. We "might" be in the corrective part of this wave so we would like to see a retest up to wave A. Looking for a fib retracement of up to 50% or more. Not advice.
Potential Wave 5 Retracement. Wave 5 looks to be close to being complete. Looking for a retracement or pullback anywhere between 15-50% of the fibonacci retracement. Not advice.
we like a short here intraday. not advice. we would like to see 38%-50% retracement of previous low. Potential 5 wave pattern spotted.
Potential ABC zig zag spotted. Looking for 20% min (fibonacci tool). Looking for entry on candle close if color stays same. Not advice.
We like a sell position here. Not advice. Could be a potential supply area dating back to October 2020 on the daily timeframe.
Looks like an "ABC" corrective or Zigzag pattern is forming. Double top near the 200 HMA. Lets see how this goes. Price action just completed a 5 wave motive impulse. Let's see what happens! We have safe targets set respective to Elliott wave rules. Do you agree?
Looks like we located a potential market anomaly on the daily timeframe (July 25th bullish candle/ bear volume candle). Price is in a range and could breakout to upside. We are currently in a consolidation/corrective wave state. We are on the 4th "ABC" pattern which could imply a stronger move to come down the road. Wanted to wait until we reached the c/a wave...
Looks like we located a potential market anomaly on the daily timeframe (bearish candle, bullish volume) . There seems to be an "ABC" wave setting up here. The anomaly was located on yesterday's daily candle close . Seeing how we just had a 1-5 wave structure, we may be ready for correction before price decides to retrace the highs. Looking for price to test the...
Looks like we located a potential market anomaly on the daily timeframe. Wave C has reached the 123% where the anomaly was spotted (bullish candle, bearish volume). If price reaches 161% before the bullish move, this trend might be impulsive instead of corrective. Looking for price to test the high of wave B between 38% to 61%. The RSI and MACD are both matching...
Trading Checklist Fundamental: Unites States - Recent GDP Report: -8.5 - Inflation Rate: +0.5 - Recent Interest Rate Change: +0.75 Europe - Recent GDP Report: +0.4 - Inflation Rate: +0.5 - Recent Interest Rate Change: +0.5 Technical: - RSI Divergence? Lower high on Stochastic. Equal high’s between waves 3 - b. - Wave B retraced the start of wave a 85%. Bullish...
Looks like we are in the middle of a C wave of the Elliott wave. I want to see if this current wave (if valid) can reach the 61% or the 100% of wave B's high. Price jumped bullish at the double bottom located where the circle are. We may be a tad bit late to this trade. However, there is low sell volume on the current candle as we are also oversold on the RSI...
Elliot Wave Spotted: Contracting Ending Diagonal 3-3-3-3-3 Trying something new here. Looks like we are in the "C" phase of our wave. Want to see price retrace 38.2% - 61.80% of the previous high ( 5 Phase). One can also argue that this could be a double bottom forming as well. On the Daily timeframe, we could be at the beginning of the 3 Phase. So i would...
After reading an article via Reuters, gross domestic product in the world's fifth-biggest economy increased by 1.1% in the third quarter, weaker than a preliminary estimate of growth of 1.3% as global supply chain problems weighed on manufacturers and building firms. Investors are braced for a further slowdown in the fourth quarter of 2021 and a weak start to 2022...
On the monthly we are coming out of a weekly buyzone. Looking for price to retrace the previous high. We are on the low side of the macd with it losing some momentum. It may take a while to reach its target. However, I need to focus on one chart that looked promising on the forex side of things. I don't need to trade everyday. I'm working on my discipline as a...