SPX500 DAX40 NASDAQ - more downward pressure Next support levels: DAX at 13,000 (FIB golden pocket) NASDAQ at 12,612 (FIB 50%) and 12,275 (FIB golden pocket) SPX at 4,028 (FIB 50%) and 3,938 (FIB golden pocket) Likely we meet these targets IMO dear Crypto Nation *not financial advice do your own research before investing
The total current evaluation for Ethereum is a massive bear. Yes, you are reading that right, it is a complete breakdown of a confirmed rising wedge on the daily and you know what that means? This means that the price will now go back to where it originally started. Please be mindful of longing anything right now as we do not have any confirmations on any...
SPX500 DAX40 NASDAQ - volume support after breakdown ??!! All three traditional indices had a breakout of their rising wedges to the downside Might be time for some recovery since prices meet volume profile support Also hidden bullish divergence still in play What do you think dear Crypto Nation *not financial advice do your own research before investing
COSTCO IS A GREAT STOCK, but the price action is showing a cool off after this strong run up almost 40% from the May lows! The current bull trend is in a Huge rising Wedge, and also the overall chart is showing a head and shoulders formation in the making in the near future. Look to load up on puts at these 2 marked areas!
AMAZON is coming out of a small rising wedge; we can see a retracement of the 20% push up, go fill the gap around the $123 area. Then there will probably be a bullish confirmation to continue the push up to fill the gap area around $164
Wouldn’t surprise me if price does a slow grind up this wedge for a bit. *not financial advice*
CAD/JPY is in a bullish trend, making HHs and HLs and forming a Rising Wedge . The price action is currently making a pullback into the rising support which has a confluence of slow MA dynamic support. The Bullish Bias is based on the following signals: Bullish trend (price making HHs and HLs) GMMA: fast MA above slow MA with separation Slow MA acting...
Gold has bounced successfully from the strong support level on the weekly chart. As per my Elliott Wave analysis, an ABC correction (FLAT) + Wave (4) have been completed, so we can start a brand new impulsive wave! On the weekly chart, we can spot a beautiful rectangle consolidation, which is a strong continuation pattern. The price is above the 200 moving...
The overall evaluation on the SP500 index has been in a monthly bearish trend that has always confirmed itself via a monthly resistance trendline rejection ever since the apex turning point of this index from January 2022. Please be cautious on your risk management as always. The projected lines of direction (white) are not random skittles, but was produced by my...
Rising Wedges are typically bearish, but I've indicated potential 1x, 1.5x, and 2x targets for exiting both bottom or top. Should we do the opposite of what's usually expected and exit from the top: -- Note that the 2x target for exiting top lines up just above the 200 day EMA. If we see a corrective rally, stopping at or a bit above the 200 day EMA is quite...
as i called before, we have officially broken below the bearish wedge. i, personally, expect the price to move below the old channel, but there is a small possibility for bulls to take tower at rest (though unlikely. could short now until it retest, close, then enter a long or a short of the break below, could wait for retest to enter a position, or could short...
SOL/USDT is making a rising wedge pattern on 1 day chart. There can be 2 scenarios: 1. If SOL breakout through the lower trend line below 40 then the targets are on next support areas marked on the chart (Green) 2. If SOL holds the area in the wedge then the targets are on next resistance areas marked on the chart (Red) Share your views in the comment...
I studied this market structure for several hours, and my conclusion is that there is no valid Elliott Wave bullish count. Simply, a valid Elliott Wave count does not exist. Is this a problem? From the Elliott Wave perspective, there are 2 possible options: 1) If we want to stay bullish, we have to accept the fact that a third impulsive wave can sometimes...
Bitcoin to $19200 ? Rising Wedge Breakdown Short Target 19200 Let me Know what you think
As of the rising wedge, there has been a breakout as expected, So going short rn will be osm!... ⚠️NOT A FINANCIAL ADVICE
Hi everyone, I mentioned last time that liquidity would be taken after showing 3 bars with rejection on a failed support. We are on a resistance that just turned out to be a support. Although, I think that we are going to fail it since we broke the trendline that used to form a rising wedge (a bearish pattern). So, we are going to reach the 6.5 level on DOTUSDT....
Looking selling entry in GOLD. rising wedge breakout and now retesting. manage your risk and reward.
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. In my previous BTC update, I told you that BTC is at resistance and if it breaks the resistance then we see $30 soon but BTC is unable to break the resistance and got rejected badly. Now, BTC is not looking good in the daily time frame. It breaks...