As you see the chart above, I think MATIC is within wave 5 of an impulsive wave. Therefore it should form a correction (usually twice the wave 2 or wave 4). Also in RSI indicator, it's getting ready for a divergence and in the result a correction in the chart. So be ready!
Hello traders: EURCHF is at the bottom of its current continuation flag correction, and there is good probability we will get this upside move. We can see since mid February this year, price had a strong bullish impulse phase, pushing to price way up. Naturally after a strong impulse, price will need to form correction, and we get this larger flag correction...
As you see the chart above, I think AAVE is forming a W-X-Y-X-Z pattern which first four sub-waves of the pattern are completed. Last X wave pattern is a expanding triangle and Z sub-wave which is remained has been started. So Do Not Lag Behind! :)
Hello traders and investors! Today we will talk about very nice and clean Elliott Wave pattern on German DAX, where we can see a clear impulse in progress. We are tracking an impulsive five-wave cycle from 13300 lows nicely connected within channel range. And, after recent (A)-(B)-(C) corrective decline in wave 4, seems like DAX can be on the way even higher for...
As per the educational post posted recently, we have now a corrective break as price failed to break the key level. As a result, price created a complex correction. We are now looking for the correction to break and get in on the next big impulse! See linked chart for the education post regarding impulsive and corrective breaks. Goodluck and Trade Safe!
Bitcoin has been in a steady uptrend and providing us with clear impulse and correction. Naturally after an ascending correction, we expect a reversal (short term or long term depending on the market structure). As we have had an ascending correction, we are waiting for price to create a base where there's clear buying pressure. The ideal place to look for buys...
Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades enter this week. I will explain my approach on the entry, SL, TP and management. NZDJPY - running about +2% Full analysis/forecast: AUDCAD - running about +4% Full analysis/forecast: GBPCHF - running about +3.5% Full analysis/forecast: Any questions,...
Hello traders: Finally we are seeing the bearish price action that I am waiting for patiently in EURUSD. We can see price corrects itself up within the ascending channel structure, and broke the previous highs to form a double tops. Price broke the highs, and had a LTF reversal impulse down, broke out of the ascending channel correction. Then a quick...
Hello everyone: Looking at Litecoin for further buy opportunities. We can see price has already made several strong bullish impulses move to the upside, follow by continuation corrections. No difference here as price manages to breakout the latest HTF correction impulsively, and now it just completes another flag/channel like correction. Further upside is...
Hello everyone: Many have asked me about my outlook and analysis on the US indices currently, so let's take a quick look at them. My overall bias on the indices are bearish. There could be some lower time frames bearish price action to give us confirmation of the bigger sell setups. All of them are pretty much sitting at the top of the overall higher time frame...
Sell on false breakout and resistance Gann line! Expecting a Bullish Measured Move formation to the next Point of Control. USDJPY - SHORT ENTRY PRICE - 109.450 SL - 110.000 TP - 108.150 Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Hello traders: Watching closely on TESLA now for another bullish move to the upside. We can see price has already show us some strong bullish reversal with an inverse Head and Shoulder pattern. Price on the LTF had a bullish impulse up, break above previous highs, and is now forming continuation correction. As always wait for correction to complete and look...
Hello traders! Today we will talk about CADJPY currency pair which is moving nicely as expected within nice and clean Elliott Wave pattern. Well, after we noticed an A-B-C correction and strong bounce we have been warning about new rally that can send the price back to highs. Here we are, CADJPY is trading in a new impulsive five-wave cycle which looks to be...
Hello traders: Also on my watchlist is AUDUSD which has good bearish price action in the making. From the HTF rising wedge, price broke out follow by continuation correction. Then the latest price formed a deeper pullback, but a Head and Shoulder pattern was formed within the flag/channel correction. Good indication we can get another bearish run. Similar...
Hi traders: EURUSD is now forming an expanding structure that can lead into the next bearish impulse phase. We see price has already broken out of the HTF correction, and has strong LTF impulse breakout. The latest price action shows an expanding type of correction, and within in a LTF ascending channel, correcting the price up. I would be patient here and...
Hello traders: Today I breakdown GOLD's current price action, and I discuss the potential possibility on the mid to long term outlook. There could be different possible scenarios from the price, so its a good practice to have a solid trading plan and management. Mid term wise I prefer to see price makes one more move to the downside, breaking previous lows and...