EURUSD has been in a nice and strong recovery from 0.9730 from where we can count five waves up, up into wave 3 from where we have seen a nice reversal south as expected. We see this as a contrat-ternd reaction on the 4h chart. It's wave 4 that is now already in a subwave c so there can be some support coming in, in the next few sessions. The first one is at...
A fierce face-ripping rally characteristic of bear markets caught shorts out on Winter Solstice, but should not be mistaken for anything than another bear rally. We have had a number of these all year long. This is no different. The .382 fibo aligns with 50 MA at the higher structure neckline, an ominous triple coincidence. IMO this move is consistent with an...
I'll keep it simple wtih this one. BTC is a 4th corecttion wave, in theory 4th wave needs to touch 1st wave before going down. In this is idea you can see that 1st wave bottom is in a perfect place for fib 50. So if 4th wave reacheas 1st wave around 32k and gets rejected on further move up, we can easily expect btc to go down to around 10k. Good luck and...
Just a thought... so very beary, so many putholders, looks like the bottom about to fall out... just before a massive face-ripper?! Maybe not a great idea to buy anything, just sayin' shorting it here could be a bad disappointment too!?! Trade with care!
This dip in GBPUSD brought the fx pair down to the top of a 14-year broken resistance trendline in an anticipated wave ((iv)). Based on this move alone, it would be extremely bullish pointing to significantly higher pricing. It is possible the fourth wave is over and GBPUSD will accelerate higher in a 5th wave. 1.44 are minimum and immediate targets with much...
Hello all, Price achieved 1800 today and had an initial bounce of the horizontal support. It's possible that it can drop into the 1750 - 1760 zone. The corrective structure is still in formation. As mentioned in my previous idea, expecting to see a lower degree correctional structure forming over the next month to get a better idea of where the best possible...
The Umbrella of Fourth Wave is a Nasty Place to be but... there are ways to get around it. This video explains what to do when you find a market stuck within a t right range.
Hello everyone, Feel free to comment and subscribe if you like. Do keep in mind that this is not trading advice, and that you should always make up your own mind. That being said, XRPUSD appears to be forming a triangle as a fourth wave. We have several strong levels of support around $0,2056 and $0,20, and I would expect that last wave of this triangle to stop...
Pure WAG and sheer speculation. Absolutely NOT investing advice! This post is strictly for your amusement only; intended purely to entertain, so enjoy! NB: Near-term some sort of correction is due, index trading >2SD above 50DMA, RSI overbought near 80; absent a Fed Hike on 28/29 Jan, expect a modest pullback. The monster break of Feb 2018 is unlikely to repeat...
In Mid-Nov there is a critical inflection point at 27300 at support from consolidation zone and rising TL in this bullish impulse. At this writing, DJIA index rests just at or above long TL reaching back to Jan 2018 top. Equities have advanced for >5 weeks. A small, brief pullback seems likely. If it gives a price relaxation back to the breakout zone at 273,...
After a couple of modest down days we see that intraday QQQ did close the gap from 9/5/19 and bounced to fill today's gap down as well. Index is primed and loaded for final push to double top and possible new ATH. I bought Sep 190 calls and sold the Friday 13 192's to hedge. Looks like end of a Fourth Minor Wave, IMO; The EW is now evident and P/C ratio is up...
ADA has currently completed 5 subwaves of the third wave. The RSI is displaying bearish divergence, where the price goes higher, but the RSI does not. This could indicate that ADA is losing strength even though the price is increasing. This is further supported by the declining volume and rising wedge pattern, which show that the amount of buyers are decreasing....
The chart should speak for itself. We previously had a complex correction, so should be getting a zig-zag correction now. The A-wave appears to have finished, after which we'll head for the area of $76. Wave C should be reaching $80; this corresponds to a correction of nearly 78,6% retracement of the previous wave, over 100% extension of wave A, be near the...
We are in the middle of the 4th wave of the 3-3-3-3-3 descending triangle correction. Price will fluctuate between 68-73 for the next 3 days and then hopefully begin its continued journey upward