The market is currently in a complex correction which carries or bears three wave structure (WXY waves). As we see, wave X is about to be completed on only if the red line gets broken below. The last wave which is the wave Y is set to carry three sub waves with the 5-3-5 formation of its sub waves. COMPLEX CORRECTION - WXY WAVE W - 5 WAVES WAVE X - 3 WAVES OR...
so far the price action is being contained inside the parallel channel, it needs to stay there otherwise it will need a recount. for me the asset is still in the process of correction and it's possible that we are still missing a wave X and Wave Y. only if it breaks the channel to the upside will I say it's bullish we can probably see a bigger rally up.
Based upon the daily time frame I see multiple levels of confluence forming, the measured move projected from the inverted cup and handle suggest a move back to 0.68 cent. Stay tuned
I've had the opportunity to closely observe the crude oil market's impressive run after its historic dip into negative territory in 2020. To better understand the market's behavior, I've outlined a Fibonacci pull from the low in November 2020 to the high in March 2022. In this idea, I'll discuss the importance of support and resistance levels, as well as Fibonacci...
I have published this idea to give you a general view of how to look at GBPUSD in the meantime .. Please do consider that this is an estimation of how price might move, given the current conditions and market outlook and that may change and it's not stable.. A confirmation must occur before determining every leg of the moves shown on chart, and...
The market has gotten rejected off top resistant at 405 and is back at support. This is not a area to trade now! Best to wait and see for the market direction. We could still bounce and go up to 430. or Dump down to 380s.
Hello All! Expect some crazy volatility this week due to all the economic data thats coming out. Currently i'm only playing scalps on movements that i see. I do expect the market to go down further going into the next coming months but it will take some time- so dont over trade and end up blowing your account.
Projection for the las trading fday of teh week, friday january 13th. I expect a bullish morning session and then a reversal on the afternoon.
Thgis is an Update to the Original Idea. The targets remain the same i just had a short term bearish flip last week but now that we've reached the short term bearish target i think we will continue onto the Bullish Path of the main idea. We have a major square-up near 20k that's yet to be filled and we have a 3 line strike on the 4HR at the VAL Bearish Target. If...
Bottom reached possibly on the weekly chart. May see a retest of $6.40 in the next few days. Futures look promising for chainlink if all goes well we should see $12.80-$13 by late September or Mid October. no technicals here just pattern observations. Good luck and happy trading!
We've come a long way from the top of the previous projection (marked in light orange) and are now 78% of the way complete. From the looks of things we are setting up to make another push to the downside in relation to the projected price action; especially as the DeFi sector within crypto continues to underperform the rest of the market.
Alongside some Bullish outlooks for some of ETH's competing coins like XRP and LTC and TRX I also do believe that the ETH value of these coins will significantly rise in the coming months the cause of this rise in these coin's ETH pairs would imply that either: The USD Value of those coins go up significantly, ETH comes down significantly, or a combination of the...
#EURUSD - Currently the MARKET SENTIMENT for EUR is slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. As of today, due to MARKET RISK being ON, all MARKETS including STOCKS and COMMODITIES are going up a bit. If more rate hikes happen, it will definitely affect the US dollar in a big way to strengthen it. -...
**WHERE DO WE START** At this point it is nearly unarguable that the move up form the Covid lows looks impulsive, meaning we are in some sort of a new bull cycle. In the past, since US10Y's inception back in the late 1970s the path it followed had a downwards trajectory that made new lows after each bull cycle was done. The US10Y would then correct those lows...
I'm watching very carefully and pretty much have nothing to say at this point other than to not fight the FED. GL😂
GOOGLE ACCUMULATION AREA, long-term Possible correction of GOOGLE and accumulation
Unedited, unpolished - my chart how I look at it. Decipher it, ask questions - whatever you want.
Unedited, unpolished - my chart how I look at it. Decipher it, ask questions - whatever you want. Disregard the Stochastic trade data window - The indicator is only used as a visual forecast on the chart screen