#Bitcoin #Daily #ElliottWave #Scenario #Tommy - These are some of many scenarios that I am personally considering from the Elliott Wave Theory perspective. Numerous technical factors that are observed frequently especially in recent financial market such as widening patterns, stop hunting price action, parallel channels, and master patterns have been taken into...
#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...
I still have a belief that the GBP/USD is changing direction. Below the avarage price the currency have been making a range of movement. The sellers and buyers are not interested at the current avarage price. Therefore, there is a possibility that GBPUSD can reach a high of 1,35036 to 1,38328.
NAS100 went negative from the early hours of Friday. The market went down and it could be go even deeper on the negative to the end of Monday. NAS100 has a high volatility. It could go from negative to positive on Mid-day Monday. Anything is possible when it comes to INDICES.
Here are some of the supports/resistances and trading setups I am considering. EURUSD: EURJPY: USDCAD: EURGBP:
The pair is all set to breach the 70.00 level mark and would later reverse for a 500+ pip move to the upside. The probability of the trade is 80%. Trade less Trade Wisely. Good Luck
#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...
NAS100 analysis for the week of 12/19/2021. Bias is short. Monthly, weekly, daily are short. Zones are listed.
#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...
#CHFJPY #FOREX #4H - Here is CHFJPY 4H chart. I have drawn a short entry area with a green box. - It has been entered already and a decent amount of rejection was shown. It would have been better if I posted before position was entered. - Anyway I think these short trading setups drawn on the chart has fine RR Ratios.
#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 #4HR #Midterm #Elliottwave - It’s been a while everyone. Today I’ve brought up some of the possible scenarios for Bitcoin based on the Elliott wave Theory. EW traders can refer to my insights and perspectives on midterm trends and major supports/resistances. - Out of countless Elliott Wave counts, I’ve summarized those that are relatively more...
#BTCUSDT #Binance #4HR #Midterm #Elliottwave - It’s been a while everyone. Today I’ve brought up some of the possible scenarios for Bitcoin based on the Elliott wave Theory. EW traders can refer to my insights and perspectives on midterm trends and major supports/resistances. - Out of countless Elliott Wave counts, I’ve summarized those that are relatively more...
Price broke the downtrend line. I think now a good time for an entry point. With stop-loss. Only with stop-loss. And with the goal to accumulation zone to 0.47-0.51. I don't exclude that it could be a false breakdown. Be ready for all scenarios. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
#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...