There is possibility of temporary retracement to suggested Buy Zone 76.35 to 75.90 wait for retracement, until the price tests the zone, whether approaching, touching or entering the zone. then set buy orders based on price action, candlestick confirmation is needed long term opportunity with this clear data is not happening all the time...
Buy on retracement scenario price already at demand zone LONG TERM BUY goodluck!!!
Tesla is considered to be a volatile stock and it's showing just that when it gets the chance. Even so, it does tend to range and respect certain levels; rallying impressively but falling hard as well. The latest decline started near the area of the all-time highs around $380-$390, peak levels that were visited 4 times during the last 2 years. This time, the...
Lets get straight to the point, bitcoin is going down in the short term however so i'm here to prepare you for the best short you've had in your lifetime ! One of the first support lines of bitcoins big bull market surge is the 100 MA line which acted as support throughout the whole bull market, once bitcoin broke down below it you can clearly see it acted as...
After a previous entry ive entered USDZAR again The Fibo on the side which highlights the 30% level highlights when i should move my SL to BE being a swing trader i can hold trades for up to a month. so I've formulated a new strategy to move my SL to BE when a trade has moved 30% of the PIPs for TP
Midterm forecast: 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. Technical analysis: The RSI support #1 at 48 is broken, so the probability of beginning of uptrend is...
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...
Long Term Bearish Short Term Bullish Only Time Will Tell
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? ;-)
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.
see alot of candle rejection from resistance level and a double top BAC can potentially drop to 23.80 ish where support level is near and shoot back up on the up trend
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...
We came down to the major trendline (red) and I think we could see a big reversal like the last times! Target: 0.37 If we break the trendline it could be a nice short opportunity!
As we see the long wick from the week of Dec 31st, it shows strong support for a long on USDJPY. In addition, the momentum of USDJPY's long is rallying up.
The food company, with sales of $ 2.8 billion and 7,800 employees, has already passed the correction phase at $ 25.46 and completing the wave E of 4. The complete previous upward movement has been corrected by more than 61.8% and that is a good trend reversal range. Hain Celestial specializes in the production of organic and natural products and is currently in a...
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...