NASDAQ:AAPL could be in a fractal pattern here. The previous two moves down saw a deep retrace to 0.886 before reversing lower. Both moves broke through the established trend lines as fake outs before reversing back to the downside. This current move up looks very similar in structure to those prior two. However, that still leaves about HKEX:7 -8 of upside...
Hey everyone, I wanted to give you all a technical update on the S&P 500 (SPX) as it's been moving sideways for a few weeks now, and it seems like it's not done yet. With a lot of options expiring today, we might see some volatility soon, but let's consider what the majority is currently thinking. According to the American Association of Individual Investors...
Wave projection with price action and chart pattern analysis Ape price recently breakout MA20 and squeezed under MA200 - MA20 about to golden cross MA200 If breakout MA200 successfully, a possible ABC pattern uptrend about to into an explosive leading diagonal wave 5 targeting 1 - 1.618 extension of wave 3 When a deep consolidation in wave 4 happening almost at...
Price action and chart pattern trading > Wave projection - Leading diagonal pattern with a possible 5-wave uptrend > Entry @ pullback and breakout downtrend line wave 2 and wave 4 near lower support of uptrend wave channel. > Target @ previous primary wave 3 | 0.786 - 1.0 zone +30% upside > Stoploss @ upcoming wave 3 and upcoming wave 5 zone -10% downside > Risk...
In the world of technical analysis, patterns play a crucial role in forecasting the future movements of a financial instrument. One such pattern is the leading diagonal, which can signify the start of a more extensive zig zag formation. In this article, I will delve into the recent price movements of the S&P 500 Index (SPX) and how a leading diagonal pattern has...
As the trading week comes to a close, market participants have witnessed a slow yet steady rise in SPX futures. I'm going to dive into the advantages of trading futures, analyze the recent price action in ES futures and the SPX index, and discuss the leading diagonal pattern that played out in the market. I will also provide insights into what to expect for the...
The financial markets are a complex ecosystem where a multitude of factors influence the movement of securities. One of the key aspects of understanding market dynamics is recognizing patterns and monitoring key levels that can indicate possible future trends. In this article, I will discuss the leading diagonal pattern, its importance in technical analysis, and...
At this moment I have an ABC scenario that may also be an impulse with wave 3 instead of C. Wave A or 1 finished at 2.618 fib extension wave 1 (of wave A or 1) vs wave 2 (of wave B or 2), wave B or 2 that may be an extended flat pattern finished at 0.5 fib retracement of wave A or 1. Now probably we have finished also wave 1 from wave C or 3 ( a leading diagonal...
This is an Update to my previous SPY idea - same target/time to target, just more simplified. After the last 2 weeks there is a lot of bearish sentiment but its really just finding support at wave 4 of a leading diagonal. The initial target is 408 in the next week or 2, and then goal target is 425-432 by late March-Early April. The symmetry in the waves...
Price action and chart pattern trading > An overall global leading diagonal pattern with a possible A -wave uptrend with minor triangle 4-wave > Target minor 5-wave of local A wave at 0.5 - 0.618 retracement global 4 wave +8-10% > Stoploss @ lower triangle support - 3 - 4% > RRR: 2.5:1 Always trade with affordable risk and respect your stoploss, nothing is 100%!
USDJPY is finally ready to bounce to the up-side. The Elliott Wave Diagonal (Wedge) is certainly saying that. XAUUSD is diverging, EURUSD found a top and the DXY looks ready to bounce. My Technicals on USDJPY: * Elliott Wave Reversal * Leading Diagonal in Primary A (red) * Bullish Divergence * Harmonic Pattern: Bullish Shark * Demand Zone * Fibonacci Extension...
NZDUSD is about to make a Reversal, with a Bearish Wave expected. I am expecting an Impulse Wave in Minor C (orng). My Kiwi Technicals: * Elliott Wave Reversal * Leading Diagonal in Minor C (orng), of Intermediate (W) (orng) * Upcoming Bearish Divergence * 61.8% Fibonacci Retracement * 127.2% Fibonacci Extension * Harmonic Pattern: Bearish Shark * Supply...
Previously we talked about Gold selling-off as we saw wave (C) form an Ending Diagonal Pattern which in this was a contracting diagonal. It seems like price continued to rise and that doesn't really invalidate the idea of an Ending Diagonal Pattern, but we have to see a short term buy before seeing the next drop on the XAUUSD chart. The pattern is still occurring...
Hey Guys ! Hope you all doing well, I really was busy in last 1 month and could not upload my views on the stocks. Today seen the chart of LTIM (Larson and Toubro Infotech: Mindtree). It had finished its 5 wave rally near 7588.80 on Jan 04.2022. Being in correction for the entire 2022, now it seems, it has completed its correction near 3733.30 on May 26.2022 (more...
Markets are slow as most of traders will stay aside today after Thanksgiving yesterday in the US. So we think there will be no real changes in the price action and that market will stay in risk-on mode, at least from a technical perspective. The only thing that can shake the markets a bit going into a next week are potential new COVID restrictions in China after...
As Alibaba previous long term impulsive move was a “leading diagonal” pattern. So there is high “possibility” that its stock price “might hold” above 57.20..
Hello, according to this wave count i think ADA will explode very soon. We can see an ending diagonal finished and a potential wave 1 developing. I found this structure LEADING DIAGONAL - ENDING DIAGONAL on other pairs (see TRXUSDT related idea) Our strategy can be: - Buy here and start to accumulate ADA every new low. - Our invalidation point is 0.4025 Happy...
This is not a trade. According to this count a can see a clear leading diagonal. Last week price broke last low (June 17) and is developing a strong impulse (wave 3) Next targets could be 3132 and 2399 This means BTC will make new lows very soon. If this idea is helpful please like, follow and share. Best Regards.