This is an update to my previous short term plot linked below.
I was originally looking for a 12345 impulse to take price up to the 3700 range.
But instead that leg up turned out to be an ABC or a truncated 5.
However, the last leg down does NOT look like an impulse, but more like correction.
Thus my theory of a possible ABCDE, and the trendlines line up nicely ...
Ok so here we are in buy zone of LTC.
I will now start accumulating in this green box.
What to do?
Well, we are now getting LTC very very cheap.
This is why you can start buying in now if you are comfortable with setting a stop loss at 0.
Yes, you heard right buying now means having the risk of losing everything you invest! (In the case that we go to ...
EURUSD setting up for last push DOWN
Share your thoughts and observation in comments session :)
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Gold has been one of my favourite markets to trade due to its structure, and precious ability to act as a safe haven when everything looks gloomy.
I am not painting gloom as yet, but will definitely capitalise on the next drop. Don't ...
The technical market analysis is quite time consuming, so I'm happy about thumbs up and sharing the added value that you get here in various analyzes of me. This is your payment to me!
The $ 9.5 billion third-largest cryptocurrency, with the weekly closing price below $ 101.70, has the next target of $ 78; $ 59 and $ 41 unlocked. But now divergences ...
It appears CL is working on a contracting diagonal. Our recent peak
measures as an AB x .618 = CD, and basis the next leg measuring the
same, this is confluent with the falling lower TL. I would view this as
a target area for a "5th touch" within the apparent falling wedge.
Crude Oil has seen a significant correction (~34%).
Price analysis is signalling a relief rally up to price support-turned-resistance, pivot resistance and ichi-cloud resistance.
Stop under low, target around $60
After November 14, sellers were able to break through the blue trend line, the price as in the BTC began to fall hesitantly. Did not keep the price level of $ 176, from whom I predicted a rebound in the previous idea. On November 22, sellers accelerated their downfall by breaking the trend line.
At the 4th timeframe it is seen that the price starts to slow down ...
Eurusd on the way to1490 (23-day station) waits for stable daily close at 1470,
(1395 - 1470 " 80 pips) is an upcoming wave, our suggestion is a Bearish correction in 1389-1404 region before any Bullish retracement.
DAX continues to make a new low and this week broke below 11/20 low (11009) suggesting that the move lower remains in progress. Near term Elliott Wave outlook calls for the decline to 11009.25 on 11/20 as blue wave (3). From there, rally to 11566.97 ended blue wave (4) as a zigzag Elliott Wave structure. Red wave A of (4) ended at 11403.72, red wave B of (4) ended ...
NATGAS is now probably at levels where it is just short of breaking the above resistance trendline !!
#NATGAS Buy above @ 4.540 on Hourly chart with sl @ hourly low of last candle or at 4.450 !
Add more longs above 4.670 on hourly for targets of 4.9 !!
In the previous idea, I wrote that the critical point for this coin is 3.2-3.5 $, and if buyers do not keep this price zone then you need to wait 1.5-1.7 $. However, there was no rebound from this price zone. There was no stop and no more. The price has fallen almost vertically. This coin simply stopped holding.
However, at an approach to the price range of ...