A comprehensive analysis of CRYPTOCAP:DYDX , presently valued at $2.36 as of the current writing, unveils a series of significant patterns and indicators. Most notably, an intricate Triple + Double bottom formation has materialized, complemented by a consistent series of ascending peaks and troughs in the Relative Strength Index (RSI). This steadfast progression...
AUDCHF on intraday perspective going some bullish outlook.
As the price is in symmetrical triangle and it is printing HHs in triangle.
It is looking like the price is ready to break through triangle.
if breakout happens and to be hold, the optimum target could be 0.5660.
The long-term chart remains so far unchanged. It may take a couple of months to mature. By and large, I expect the price to break through $10/MMBtu and never look back. It may be a once-in-a-lifetime trading opportunity lasting over a decade or so.
NatGas is nowhere close to expectations. Here it is purely my fault for not looking for alternatives hard enough. In hindsight, the situation was not that difficult to prepare for.
Initial wave (a) of the remaining 2023 uptrend seems complete (unless it is a diagonal). The price is likely to spend next month consolidating before rising in wave (c) of (y) of 5 of...
This week, natural gas performed nearly perfectly. The wave count remains unchanged. Although I am still unsure about the ultimate shape of wave b, the scenario allows me to open cautious shorts. Of course, this is not advice. I look forward to the structure shaping the bottom and entering long positions into the winter.
The chart is non-tradable (though I did enter some cheeky shorts). Natgas is tracing out something really intricate, as is its typical behaviour.
I suspect (and this is only specualation at this point) that the market is undergoing a compex [ w] [ x] [ y] correction as wave b where [ x] is a flat with an expanding diagonal in wave (C).
Then there has to be...
If I elaborate on my earlier scenario with unfinished correction, Natgas might perform a spectacular drop over the next few days before resuming the uptrend.
Before this, I expected a triangle, then a flat with an ending diagonal and now a classic expanded flat in wave b. Since wave a was a contracting diagonal, there is an 80% chance that wave c is a quick...
Natural gas appears to be nearing the end of its correction before continuing its ascent into the end of the summer/earluy autumn.
Since wave 3 is shorter than wave 1, wave 5 must be shorter than wave 3 because the third wave cannot be the shortest.
Wave 4 can be done as an expanded flat (notice the rule with variation with wave 2). Also, we can expect a...
Natural Gas has followed my previous outlook by posting what seems to be a simple zigzag with ending diagonal in its final stages. From here we can expect a new wave up. Alternatively this correction can be complicated into ABC flat or WXY double zigzag. But tradingwise there is no reason to expect such further complication at this moment. I also expect oil...
I believe the leading diagonal wave (a) has ended, and we are now in wave (b), which can take various forms (including the possibility that it has already ended). I suggested a few possible paths.
Once there is a pattern or a mature wave count in wave (b), I can make an assumption when exactly the next leg up will occur.
I'm keeping an eye out for a potential leading diagonal. For rigour, I should also include the possibility of expanded diagonal (pale red), which is thought to be unusual but extremely uncomfortable if realized, sowing doubt and despair.
This trend seems to be bullish as it is following HH and HL patterns and the last candle closed is green so the buyers are dominant over sellers. So this would be a bullish trend in the future according to my TA.
Nice weekend and profitable deals 💲
⬆️ Why is my gaze directed south:
✔️ PLTR is above strong support
✔️ PLTR broke the downward channel
✔️ PLTR is in the area of 2 Trend Based Fib-Time
✔️ PLTR has achieved the goal of the rising wedge
⛔ STOP and 🤑 Take Profit see in the chart
I would like to mention that all I...