$RXRX - Believe we are at the start of Wave 5I've been trying to wrap my head around the movement with the $9.50 spike recently from an Elliot Wave Theory and fibs perspective. The closest I've gotten to making it all make sense is that we just had a crazy wave 4 correction and this low of $7.24 works out fib wise with wave 1. We also have 4 divergences in our favor.
Let's see how this theory holds!
Pitchforks
NAS100 afternoon updateTechnical analysis of NAS100.
Update on proposed ending diagonal. Price doesn't seem likely to tag either of the median (red) lines of pitchforks drawn, a bearish sign implying price will return to 20309.1 and eventually to 18297.4.
Count is valid with price below 22100.4. If count is correct, would expect impulsive price action back towards 5 August low.
ADAUSDT Long Setup Setting / Futures TradeBINANCE:ADAUSDT
COINBASE:ADAUSD
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
1.1726
1.2265
🔴SL:
1.0301
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Dow Jones Transportation Average Index morning technical analysiTechnical analysis of DJT (Dow Jones Transportation Average Index).
Watching this ticker as a leading indicator of a market downturn.
As SPX and NDX have made new ATHs this week, DJT is down 3.65%.
Blow-off top happened in November 2021.
It is hard to see price action since September 2022 as impulsive. Perhaps it will turn out impulsive after everything is all said and done; this count assumes it will not.
Bears looking for this to play out as a regular flat, with the C wave as a violent sell-off below 10k. Implies some black swan event, but such an event is not necessary.
IHS breakout 2nd attemptI dont know if it can be considered as a IHS. It seems to me. Price broke out once, retested the line and breaking out again.
TP1 at 0.618 around 17-18c
Expecting some consolidation at the c-fork line than pump towrds TP2.
TP2 around 27 cents
Invalidation at 0.114 with a 4h candle close.
ETH re-long from action lineThe slope of up-sloping action-reaction set has changed. We are retrying to enter long after previously being washed, now the slope has more confirmations. RR is 1:3.25, but entry limit order should be continuously moving up while time goes by and up-slopping line is taking price higher
ETHUSD long of Action line while price is swinging upHere is a nice slope for long entries found on ETHUSD. For current Action-Reaction set we have median line waiting for nice "wash and rinse" off last 2 points of up-stepping buyers. These last 2 bounces is a nice bait to attract small buyers and collect their stops after that.