Elliott Wave & TD D-Wave The perfect combination.
There was an Bull trend in wave C and a Bear trend in wave 3. as a result, wave 3 In a downtrend TDDWAVE, according to the counting order of "TDDWAVE", there can still be a downtrend as wave 3 normally moves like crazy, so it continues the downtrend. Expect it to go down to the level of 1 – 0.995...
The overview of BINANCE:BTCUSDT now, when tools are put together, the 37k-39k area seems to be pretty strong support. If so, we are hopeful that the price will move up to the first target, which is expected to be around 63k-72k, while in the short term, there is a chance to be around 47k-49k. Let's wait and see what happens next.
TD sequential bearish countdown is completed, But, on the other hand, we are witnessing the completion of a new bearish setup. This may indicate that the downtrend will not finish soon. On the other hand, the Stoke RSI has a bearish crossover in the overbought area.
Something brewing on the horizon here. A wave or an end of a strange looking X.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and...
Eurusd hit liquidity block and 1.13 is likely to be reversal level for this move. Most likely it will crawl up to cover the newly formed inefficiency before the bearish trend will contoniue to years S1 pivot / TD projection.
Price might well end this year at Quarterly Camarilla L5 (S5) - I havent plotted thatbut it is inside of liquidity block.
Watch even round...
As TD continues if it bounces off the green line I will assume a short play if it continues passed the green line I will go long.
I am bear biased on the market. Its more likely that it will continue higher 55% and 45% it will go lower. Stocks usually go up :P
This is a journal entry. Not trading advice.
Very simple. TD sequential 9 indicates downtrend exhaustion.
BTC could still break bellow this level which would bring it to previous support, this would prove wrong the theory that bitcoin is repeating its price movement when it was between 9k and 10k. Watch for the 11150 level if you hold altcoins.
don't focus so much on the short term. relax! ;)
Last week closed on a perfected TD 9 (close higher than the previous week) and this week is closing with the start of a downward TD sequence. Not only that but there is bearish engulfing candle that covers last week's candle. Furthermore there is a weekly bearish divergence and price is about to cross the midterm trendline that held price since mid March.
Akbank, one of the largest banks in Turkey have devalued -86.18% in last 10 years against United States Dollar .
Even though most of the Turkish Banks are listed cheaper than a bottled of water, why foreign-investors still keep liquidating their positions?
There have been many political, economic and geopolitical changes since 2010 in Turkey. Whilst...
As you see, current bullish move was already predictable from October 2019 using TD (DeMark) breakout projection no. 2.
Now, price is facing very strong support - May central pivot range (CPR), May Camarilla S3 reversal level, yearly classic S2 pivot, yearly Fibonacci S3 pivot (did not plot the last 2 to have it more clear - but they are there) all at same point,...
I love the fact Tom DeMark gives strict and precise rules on how to determine his indicators and patterns. I have applied his rules for TD D-Waves (his own variation of Elliot Waves) to the actual BTC USD price action.
To origin D-Wave 1 you need to have a 21 low bars close (a close less than all twenty prior closes), then the D-Wave is confirmed when you have a...
GBPUSD 1h chart:
- recharged into the former support area
- completed a bearish cypher
- completed TD Setup (has not perfected yet though)
- neared 61,8% fib level from top to bottom move
- the correction topped above the higher BB with the 20 MA flat
Expecting the pair to challenge previous lows, pursuing the downtrend. This scenario should be invalided about 80...