S&P500 has made a corrective 3-wave move up as analyzed, the blue target has been reached. As long as we dont shoot over the blue target I am expecting the index to reverse to the downside again. So as for swingtraders there could be good risk riward ratio at current levels however, entries need to be timed in lower timeframes and be confirmed in price action, at...
Using our Elliott Wave Indicator Suite for the TradingView platform we have identified a potential Long Swing Trading opportunity for KR on the Daily timeframe. Wave 4 pull back has found support in our Amber pullback zone, which represent an 80% probability of our automated 5th wave target zone at $27.75 being hit. The Stochastic has crossed in the oversold...
EURCHF is having trouble making new October highs after hitting resistance at the daily chart’s 100 SMA! Does this mean that the euro’s partying days are over? A quick peek at EUR/CHF’s Stochastic flashing overbought signals for the pair. What’s more, there’s also a bearish divergence on the chart!
Hi traders, A harmonic bat pattern has formed on the USDJPY on the 4H timeframe. The terminal price bar has just been established, confirming all three ratios of the PRZ. This makes it a great opportunity to enter soon! The PRZ is comprised of 3 ratios: 1.414 alternate AB=CD, at 108.179 0.886 XA retracement, at 108.243 2.24 BC projection, at 108.278 The take...
NZDUSD is testing again a short term support that we have had for the past 3 days. We are waiting for the right attempt by sellers, so we place our sell stop entry order right below the level, waiting for a breakout.
Using our Elliott Wave Indicator Suite for the TradingView platform we have identified a potential Long Swing Trading opportunity for GNRC on the 1 Hr timeframe. This potential 5th wave long has to breakout today for the trade to be effective before the end of the week. Wave 4 pull back has found support in our Amber pullback zone, which represent an 80%...
GBPCAD Price currently in correction mode, if the correction ends at this level, then price will fall. Confluence: Bearish Flag BRN Note: Invalid if price break structure Entry Confirmation Wait for valid bearish CRS then entry Entry: Sell @ 1.6720, SL @ 1.6820 (100 pips), TP @ 1.6300 (420 pips)
Hello ! Here are my thoughts on the stock Organigram is at in its current market state. As you can see with the numerous weekly candle touches, this stock is at a critical zone. I believe a reversal would be most probable giving the RSI, MFI, and Stochastic RSI are all oversold and finding a nice bounce in this zone. Not investment advice, just my idea ! :) happy...
Looks like if it clears the resistance at the 28 levels as shown on the chart, it should continue heading higher to the next key level at around $32 level.
GBPUSD just had failed retest of dynamic weekly range, for a in depth description of this indicator it is published under scripts on my account. Basically this indicates that price should fall to at least the centerline, and possibly further. In addition to this signal the price is also testing a 3 month vwap standard deviation band, which indicates this is a...
Took a 5x position on LTC . Increasing volume, upticking histogram, bull macd cross, just cross the 4hr 20ma after a double bottom? I'll take it twice on Sunday. Going for a double top here before a btc pump which will then rekt it while we short it later. That's the plan, anyways...lol #LTC/Z19 Exchanges: Bitmex Signal Type: Regular (Long) Leverage: 5 Entry...
We have been in the Wyckoff distribution event phases for the last week. The current move to the downside is looking like a fake out to me (I hope) to make 1 more move to the upside as I am hoping for the UTAD move to be met which should finally see our big sell off to the downside which also fills ineffecient imbalance and also has the opportunity to close the...
EUR/USD looks to be going on track. Any deeper pullback in this pair is still a buy, this is valid as long as we dont make any new lows.