minuette wave (i) is over (nine waves sequences third wave extension) corrective wave (ii) should follow in three waves FIB: 63.38 – 64.78 ALT: minuette wave (i) is not over – iv of wave (i) unfolding in an expanding flat wxy FIB: 67,78 critical price area previus daily close 69.38 PP 69.60 DW FIB: 63.38 – 64.78 - 67,78 static S/R : 68.17 - 67.42
long term wave 5 of intermediete (C) - target critical static resistence 77.11 if wave (i) of ((iii)) is over then wave (ii) of (iii) should follow in corrective mode - three wave - probably zigzag - target 64.58 critical area PP: 68.20 critical support - wave iv: 67.41 FIBRET wave (ii) : 64.58
wave wave ((2)) is over – wave (1) of ((3)) of iii is running. test area 1.2217: flat fib projection wave 4 - fib ret. 0.382 wave 3 ALT: wave ((2)) still running in flat wave – (a)(b)(c) fib exten area 1.2160 critical price area previus daily close 1.2227 PP 1.2210 FIB: 1.2217 - 1.2160 static S/R 1.2245 – 1.2238 - 1.2210 – 1.2187 volatility D 1.2182-1.2283
prevailing scenario wave (ii) maybe over in abc subminuette correction monitor prices evolution in an impulsive mode ALT: continuation of wave (ii) either in a simple or complex correction critical price area previus daily close 1.2077 PP/FIB 1.2080 PP / 1.2131-1.2153 (fib 0.618 – 0,786) static S/R 1.2106 key – 1.2153 critical volatility D 1.2058-1.2156
wave (C) ended - wave (i) ledaing triangle wave (ii) flat - target area 1783/1789
I think short term we will see a little retracement Wave II. This will be a good time to take a little profit and buy back in once we see it bounce back moving into Wave III. I love using STOCHS RSI to see these waves. The shorter waves are pointing downwards while long term wave is only beginning to move upwards. To is confirmation for my trading analysis we are...
First, I have to say that we passed Running Flat correction , even we passed Main Wave 1 . Now, we are on Main Wave 2 ( Zig zag corrective & AB=CD Harmonic Pattern ), probably end of micro wave b of Main wave 2. I can see another Bearish Gartley on wave 2, and maybe this is end of micro wave b of Main wave 2 (You can open SHORT position if you see sign...
Morning Traders, Locally, bitcoin seems to be in the process of completing wave 2 of 3 before the next leg up to $13.16k. Bitcoin regained and sucessfully retested major weekly support above $10.2k. I suspect fireworks if we can just get a HTF close above $11655 (monthly resistance) and print a HH above $12k. Looking for B of a larger corrective cycle to...
CSCO seems to be in 2nd, ready for 1st of 3rd wave of 5 LONG
1. We focus on price action, levels and probabilities. News, drama, and other non order flow related information carries little weight in our decision making process. I have been explaining that the probability of this overall location favors bullish reversals which is why we did not exit our swing trade long in the face of bearish order flow (see 7275 to 5464...
Elliott wave analysis shows we are currently in wave 2 which can retrace 100%. I originally noticed this on the S&P and posted about it, then realized the same thing is already happening on GOLD. Here is the post for S&P. I just feel obligated to warn everybody.
Bitcoin has established a higher low off the 6800 level which we interpret as a sign of strength, especially within the context of the 7275 broader support level. As long as the 7K level holds, price is likely to break higher and into the low 9ks at minimum. Timing is less about "predicting" and more about about letting the market prove itself by demonstrating...
"october is crash month" "we're in a recession" "head for the hills" "load up on puts" - put call ratio above 1.2!! In the midst of all this cacophony, sp500 is sporting a classic ABC pattern which points to more upside in the months ahead and possibly all the way into the 2020 election. Dow 40,000 ?? by nov 2020 ?? Hard to believe but that's what Elliott wave...
Thought I'd take a look at the "17" hour period & after decoding, here is what I see happening with BTC over the next month prior to blast off for Wave3 Not financial advice (or political) lol
And allow the alts to pump while you (BTC) tiptoe down to where you're headed/0.618 Just to blast off to your next destination and leaving alts behind as peeps sell-off to jump on for a temp ride (or so they think) then, as ppl jump back into their alts as BTC takes a short break only to blast higher unexpectedly, smashing through top of the channel causing FOMO...
GIS Im loving this set up in General Mills, look for it to move mostly sideways/down the remainder of the year and start of 2020. I will start accumulating around the 48 area if this hold true, because it appears to most likely be Wave 2 (aka Right shoulder of Inverted H&S) and at the very least ride back up to the decision point. In my opinion, this is at least...