You can take the risk and buy KR MOTORS stock tomorrow, pay attention to the tough resistance level we have at 754, set your TP and SL and pay attention to the resistance line.
Here's a trade for tomorrow for you Korean traders on the DONGWHA PHARM stock, buy it and set your TP and SL, pay atttention for the resistance level at 10350.
#BTCUSDT #Daily #ElliottWave #Tommy - Hello dear traders from all over the world! It’s Tommy. It’s been quite a while since I uploaded any contents on EN server. Due to countless issues in Crypto industry as well as the macroeconomic status concerning us about inflation and recession at the same time, BTC recently broke previous low around 17k making a new...
#Forex #EURGBP #Daily #Midterm - Here’s EURGBP 1D chart. A lot of FX pairs have shown some high difficulty with frequent moves that are quite unpredictable. - As can be observed from the chart, there are a lot of noises, stop huntings, bull/bear traps, whipsaws, and long candle tails. - Consequently, such strategies with wider risk/reward ranges on higher...
- Expecting USDJPY to get rejected by top of the parallel channel and make a HH. - Regarding recent patterns that have appeared in many commodities such as crypto, stocks, futures and FX, being aware of a possible bull trap or a whipsaw is important. - Entering short at the top of the red channel or after re-entering blue trend line might be some good trading setups.
#Netflix #NFLX #NASDAQ #Daily - Here’s NFLX Daily chart. It recently has shown a huge drop about 73% from the historical high at $700. - During the fall, it made a consolidation zone (HVP: High Volume Peak) around $330~$400 surrounded by big gaps. - Currently NFLX reached 0.705 retracement level of the impulsive wave which also happens to be the bottom of the...
#Twitter #Stocks #NYSE #Daily - Twitter, known to be world’s biggest social network platform recently had a good issue that Elon Musk has acquired about 9.2% stake. - If you look at the chart, about 70% bullish rally has appeared with a huge gap. - The black long-term upward parallel channel has been re-entered from the bottom and thus this bottom will be...
#EURUSD #FX #4H #Tommy - Here’s EURUSD 4hr chart and I have made an assumption that the bearish wave starting from around 1.23470 is an impulsive wave cycle in Elliott wave perspective. - It’s currently testing bottom of the orange ascending triangle with top located around 1.11240 and this very wave structure also can be expressed with an orange upward parallel...
#EURGBP #4HR #FXCM - FX likes parallel channels very much these days. I am waiting EUR/GBP to break the top of blue falling wedge which I find it very steep. - The area that caused a sharp bounce today is the confluence zone where yellow channel and bottom of the wedge overlap. - If we see another swing low, I am expecting to enter long position at the support...
#BTCUSD #Bitstamp #Weekly #Log #EW - Hello traders from all over the world! It’s been a while since we’ve looked deep into the possible scenarios of Bitcoin in long-term EW perspective. The uploaded images are BTC weekly log scaled chart. Personally, I believe that spotting market trend and price actions utilizing Elliott wave theory is not that significant. So...
#EURGBP #Daily #Europound #FOREX #Tommy - The market has been quite tough for many commodities recently due to the effects of the global economy. - The FX market is not exceptional and it has never been this brutal. Nevertheless, who should we blame as a trader? It’s not the whales or other stakeholders in the market. It should be ourselves since trading is a...
#BTCUSDT #Binance #Daily #Midterm - What a sharp drop! Bitcoin was rejected thoroughly at 52K zone which is around bottom of the major orderblock formed around early May 2021. - I have addressed this very resistance gathering technical factors such as numerous upward trendlines, top of the parallel channels, and projection/expansion/retracement levels of the wave...
#ZN1! #10YearTNote #Weekly #CBOT - I took a deep look into the 10-year Treasury Note, futures commodity. The chart above is weekly. - In Elliott Wave Theory perspective, an assumption has been made that the bullish wave starting from the swing low at 117’13’5 to the swing high at 140’20’0 as am impulsive 5-3-5-3-5 zig zag wave structure. - With that said, I am...
#BTCUSDT #Binance #Daily #Tommy - Assuming that the high formed at 42K on Jan 9th of 2021 is the blue impulsive wave 3, these are some of the Elliott wave countings that I am personally in consideration. - The counting at the upper left is one of my primary scenarios that Bitcoin is going through. I denoted the upward impulsive wave at 29K~66K as an ending...
#CADUSD #Futures #6CM2021 #1HR - Here is CADUSD futures 1hr chart. Currently, yellow upward trendline is supporting and a short-term bottom has been formed at 0.82370. I am more bearish when this bottom fails supporting. - When that happens before 5/20 19:00, I am looking at 0.82200~0.82280 as a short-term support. If you wish to enter long here, make sure to...
#BTCUSDT #Binance #4HR #Tommy - Here is BTC 4hr that showed a sharp V shaped bounce around 30K with that long candle tail at bottom and this tells us that the bulls rejected bears very hard thus pushing the price up. - The new low at 30K is where the log-scaled trendline passes. Reason why we need to watch both the linear and log chart. - For now, the most...
#BTCUSDT #Binance #4hr #Tommy - Here is Bitcoin 4hr chart. A consolidation zone where price tends to move sideways, is currently being constructed in the range of 46K~51K. Here are some of major points to be updated. - A strong bottom has been consolidated around 46K which could be speculated from the point that it made about 4 meaningful lows recently. This...
#BTCUSDT #4HR #Binance #Tommy - Elon Musk is abusing the finance market. Tesla’s recent announcement that they will no longer adopt Crypto technology for their payment system, has shocked the market. - Technically, a rounded head pattern that signals the trend reversal had been formed before a big correction. Some of the similar patterns that could be interpreted...