This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Waves C and D that you see on the chart are related to a large diametric pattern DYDX appears to be at the bottom of wave D and is making a reversal pivot By maintaining the green range, it can move towards the targets The least risky range for entering buy/long positions is the optimized range Closing an hourly candle below the invalidation level will violate...
We are very close to the change of the next month, it's time to once again weigh the prospects of the market. Due to the negative opening of the second half of the month, the market remains sluggish, but the target for the 3500 retest with an attempt to reach 4500 on the air remains relevant throughout the quarter due to its opening above 3500. New waves of growth...
🏃♂️ GBPUSD is moving in the 🔴 Resistance zone($1.256-$1.250) 🔴and near the Yearly Pivot Point and 200_EMA(Daily) . 💡According to the theory of Elliott waves , GBPUSD seems to have completed five impulse waves . And now we have to wait for correction waves . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect GBPUSD ...
Gold price (XAU/USD) remains depressed heading into the European session on Tuesday and is currently placed near the lower end of its daily range, just above the $2,320 level.
It seems to be at the end of the F wave. It is now in the B wave diametric. A long shadow resistance range has been created, which we marked with LSH. By maintaining the red range, it can drop towards the targets. The targets are marked on the chart Closing a daily candle above the invalidation level will violate the analysis. For risk management, please...
Developed in the 1930s by Ralph Nelson Elliott, Elliott Wave Theory proposes that markets unfold in a series of five-wave impulses followed by three-wave corrections. These "waves" represent the collective emotions of investors, shifting from optimism and bullishness (impulsive waves) to fear and bearishness (corrective waves). The Anatomy of a Wave: Impulse...
During the Asian session on Tuesday, spot gold fluctuated widely. The price of gold barely held the 2330 mark on Monday, helped by the weakening of the US dollar, but was still under pressure below the 21-day moving average of 2340. The market focus turned to the Federal Reserve policy meeting and the US non-farm payrolls to be released this week. data for clues...
Here is our detailed technical review for GOLD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2323.122. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2266.939 level. P.S We...
Based on the daily timeframe, GBP/USD appears to be exhibiting a bearish trend as indicated by a shift in market structure (ChoCh) and adherence to Elliott Wave theory with a completed 12345 pattern. The recent touch of the descending trendline coupled with the completion of the 4th wave suggests potential downward movement. With selling orders likely to be...
In the Asian market on Monday, gold opened lower and fell sharply, falling as low as 2320. The rebound in gold prices was blocked last Friday, closing at 2337, after data showed that U.S. prices rose in line with expectations. As the crisis in the Middle East avoided a major escalation, some geopolitical risk premiums fell back, and gold prices still fell more...
From where we placed the green arrow on the chart, it seems that the ONT symbol has formed a diametric. It is now in the last wave of this pattern (wave G). From the red range, it can be rejected downwards. We are looking for sell/short positions in the supply range. The targets are clear on the chart. Closing a 4-hour candle above the invalidation level will...
Dear Colleagues, I suppose that the wave "4" of the higher order is completing its movement. I expect a possible update of the minimum and reaching the area of 2281.89 or the beginning of the upward movement to the resistance area of 2358.71. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
After taking out previous low. Price will get back to the highs. for a 2 day bullish move. Price expected at 2361... Lets loo for a bullish move above 2324.50
Everywhere I look I'm seeing talk of a "new bull market" But I don't think this is a new bull market I think we are getting a visit from a distant relative: Ole' Cousin Bear Market Rally Why do I think this? Well, typical of "family", the members within share common attributes In the next post we will talk about what some of those common attributes are in detail
Gold last week was generally recovering from Monday's sharp decline. During the week, it once retreated downwards and broke through the 2300 integer mark to reach around 2291 and rebounded. Gold prices were supported above 2320 throughout the day on Friday, maintaining bullish shocks, rebounding and repairing, and accelerated higher before the US market in the...
Nvidia has been weak as of the last month, after a major run-up in the stock. Since we have no catalysts on the short term horizon, I am forecasting a fall back towards $700. However, in the short term we can get as high as $927 before falling back towards my target of $700. To get this sort move in the stock I will remove the purple alternative path of the...
If BTC moves like this, I will open a long and this would be the last possible long entry. If this positions ends at a loss, I will re-analyze BTC chart.