According to the Elliot Wave Theory there are 3 unbreakable rules. If one of these rules is violated, then the structure is not an impulse wave.
This rules are:
1. Wave 2 cannot retrace more than 100% of Wave 1. As you can see the first rule is respected.
2. Wave 3 can never be the shortest of waves 1, 3, and 5. Although Wave 3 cannot be the shortest wave, it is...
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While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5360 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The RSI support #1 at 48 is broken, so the probability of beginning of uptrend is...
A ton upside available on a longer-term USD/JPY play, but is the time ripe for an entry? Personally, I'd wait for a pull back to the lower 111 range or wait for continuation above 111.6 in the form of a buy stop order. Ideally, the pair would pull back to the 110.3 range (support area) and assuming the area holds, can provide a nice high probability setup to the upside.
EURUSD has been on a strong downtrend since roughly March of 2018. I believe we will still see about a 1.10% decline to the 1.1200 range in the months ahead. The next S1 Pivot Point is located in the 1.09 range. I don't think we will see it fall this far in 2019. I'm shorting EURUSD based on a long lasting trend. I've put exclamation marks next to the MACD and...
See the chart, the chart tell more then words.
Bitcoin has currently smashed the 21days ema on 3days chart, this has been acting as resistance tru the bear market and if we now can find support there now on the bigger timeframes we might take that as a confirm that the reversal is in, lets see how the chart plays out the next few weeks.
The 21days EMA on 3days...
So we have Monthly chart of Bitcoin right here.. It's based on Elliot waves (Left only Fib retracements to make chart look simple).
What I noticed in Bitcoin , it tends to retrace around 0.382-0.5 before resuming trend (which right now is BEARISH ).
Look closely at the fibs, left only 0.382-0.5 for you to see. I'm looking for around 5500 to finish correction...
This is a long term trade setup based on trendline.
Price is definitely trending down.
Wait for the price to hit 0.75635 zone first then look for bearish signal to go in the market.
Trade safe my bros and sis.
we spotted a bullish SHS in EURGBP
We´ll open two positions.
Second, if it drops further at:
Decide. Commit. Succeed.
"Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.”- Hello Worthy
I wish you success!
Please support the...
Here's my modest attempt to identify S&P 500 Supercycles.
The chart shows the S&P 500 (monthly bars) since 1872 on a log scale.
Maybe it is not as bad as they say, and we are currently "just" in the Supercycle Wave 2.
Before us would be the longest Wave 3. Hopefully that's true. I can dream, can't I? ;-)
Let us start with supports and resistance.
RED LINE - This is our resistance, currently sitting at 4499. We have a very low chance to test it since we keep forming lower highs.
BLUE LINE - Our first support, currently testing it. I personally will wait for closing of 4-hour candle to confirm the way it is going. There is a chance for a bounce (although a small...
EURUSD pulled back to 61.80% retracement level and is building support around here. There's was some 16% extension beyond the previous low and currently the parallel median line of this inside set is zoomed, which shows some underlying strength of this pair at this level. It makes sense to accumulate long positions with stops below the current low for longterm...
Gold has been around for hundred trillion years. Quarter dollars will be made of 100% gold in the future.
Expect gold to go up and down in completely random fashion and then crash to pre YEAR 1800 levels of .25 peices made of gold. by 2030
large holders of gold i recommend
sell physical storehouses of gold till peoples back are breaking carrying tons of cash...
Some people may really be wondering...can NEO make it?
This coin undeniably has one of the worst looking charts in crypto. It is well below its prior support and has been slumping down since the August 13th capitulation move by most altcoins. I bought some around $14.70 but sold around $19 to add more to a couple other coins that have better looking long term...