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SPX500 Short Trade SetupIt isn't one of the best shaped and clear one, but what we have here might be an ending diagonal after an upward impulse for a decade. If this is the case, we should see a downward impulse as the wave A of a yearly corrective structure. So, we can assume that the next wave will be pretty big and fast. That's why I keep looking for short trade setups. If the last top is the end of 5, we should have a valid reversal pattern. I can place a pending order under the last low, but I want to move SL to BE when that low is broken. That's why I'm waiting for a small trade setup after the correction, which is between the yellow lines, to place a pending order. I'll set my SL over the all-time high. If the price starts falling without any trade setup, I'll place an order under the last low.
FX:SPX500Short
by WaveAnalysis
CHFJPY Short Trade SetupAfter the expanding flat, which ended at blue C, a reversal impulse and correction between the blue lines have come. After the last top, we got a lower degree impulse and a correction between the yellow lines, which seems like a complete one. Then another reversal impulse and correction between the purple lines. The issue is that correction because it seems odd. I think we have two options here. First, we may see a wave up until the yellow trendline for a nicer correction. In this case, I'll wait for a reversal pattern to place a pending order. Second, a correction and more downside. In this case, I'll set an order under the last low.
Short
by WaveAnalysis
XAGUSD Long Trade SetupI think a weekly running flat is in the making and the current upward movement is the C wave of the B. That's why my forecast is more upside to 32. That's why I'm looking for a long trade setup, and a complete correction over the yellow trendline will be a valid one. As you can see, I annotated two options. It seems the white one is more likely because I don't think we have a complete correction yet. But I'll take a long trade if it follows the blue lines, because a correction there will be a good indication for a new upward impulse.
OANDA:XAGUSDLong
by WaveAnalysis
XAGUSD Long Trade SetupIt seems like a running flat is in the making on the bigger picture, and the last low can be the end of the wave B inside the wave B of that structure. So my forecast is the wave C and what we have after the last low can be the reversal pattern. Now, I'm waiting for a correction after the potential reversal impulse and a small trade setup to place a pending order. It's possible to set an order to 23.75 with SL at 22.80, but it's a pretty wide stop. My target is 32.
OANDA:XAGUSDLong
by WaveAnalysis
GER30 Short Trade SetupThe blue ABC can be a complete correction, and if so, we may have a complete reversal structure as well as a trade setup. That's why I placed a pending order under the last low. If it makes a proper correction and a small trade setup, I'll update my entry price and lot size accordingly. Based on the bigger picture, the other scenario is a correction, which will be larger than the blue B, and more upside to make a new all-time high. But this is not a problem because the current structure will be to the downside. If it drops fast, my minimum target will be 15000, if it makes a correction for more upside, I'll hedge my trade.
FX:GER30Short
by WaveAnalysis
AAPL Long...Possible breakoutThis chart I quickly drew for myself a while back. Any more information or explanation please just leave comment. With the US Vaccination numbers compared to other countries I would definitlly trust the US companies the most while other countries still struggles with getting Covid undercontrol. We all saw what the market does when lockdowns are announced so for me right now as South African, all my holdings is within the US economy and exchanges. I think Apple is the perfect low risk value and growth stock for those looking to put their gains of last year in more stable holdings, big money such as ARK uses Apple and other FANG stocks as liquidy pools for their cash... Its stable and realisticly Apple has given almost alll investors to date great gains and with M1 as their start for apple silicon. People don't relize the margin gain Apple is making due to their in house silicon. The current ecosystem has already proven to be a sticky mess to get out, Apple silicon just closes the loop now from hardware to software. As far as I remember this is and was always Apples main goal, Software and hardware optimized for each other and Apple now finaly has that to their macs. What news am I waiting on? The new 14inch Macbook pro and the current 27 inch imac replacement. That will give this company a greate upside to its current share price. My 1 year target is around $155-$180 New all time high could come sooner and I won't exclude $200 a share. Thanks Everyone
NASDAQ:AAPLLong
by rudiroelofse