We are still working on the wave (2) as an ABC structure. The wave B is unfolding as an ABC pattern. As we came close to the wave (2) area and based on the NASDAQ and S&P 500 analyses, the alternative scenario calls for the end of wave (2) as a WXYXZ structure. Price action in the lower time frame will further guide us in these two scenarios.
GBP/CHF Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will...
We reached the extreme boundary of the wave (4) area. The scenarios widely vary depending on whether this level holds or not. In the lower time frame, it looks like we are finishing an impulse. This impulse can be the start of wave (5) or it is part of a corrective move as a wave ((a)).
In the higher time frame, we are working on a wave ((2)) correction down. This wave ((2)) is unfolding as an ABC and we are currently working on the wave B. In the lower time frame, wave B can unfold as an ABC or WXY structure. We favor the WXY structure.
All in the video - 4400 is going to decide whether or not we continue the uptrend. For short term a little higher makes sense, but if this is a bear market rally, this is typical kind of movement. Sometimes they go a little higher, consolidate and pullback again. I cover everything in the video. Thank you for being patient and for your support.
BITSTAMP:BTCUSD needs to clear above 39000 for a big short and medium-term continuation higher and an invalidation of the downside long-term wave
Hi Everyone! Is it possible we have seen a long test of support "after" a Spring event in Phase C and currently going up to $0.3050 to $0.3135 before a pullback with our first Last Point of Support (LPS) of multiple LPS events before eventually closing above $0.43 cents with a Sign of Strength in Phase D? Yes, it's possible this is what we are doing now in MACRO...
This analysis is meant to make investors and traders aware that from Monday or Tuesday onwards there could be a significant retracement of the price. There is still time to go up (best case scenario), but the monthly time frame is starting to run out. From Monday/Tuesday onwards there will be 7 days to keep going up (16%) versus 37 days to go down (84%). ...
USD/JPY Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will...
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Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Through the application of the Wave analysis (Hurst, Gann, Swing trading etc) investors can be aware what to expect over the short and mid term. From 16.11 be aware that a retracement might happened. Intensity has to be monitored to understand the type of wave in development (Ti, T+2i or T+3i).
The price action has formed a triangle though i was expecting a bullish move in form of an impulse. Once the triangle is complete, we might have an up move. let's wait and watch.
head and shoulders patterns retest is done going to the bottom xrp
On this pair, we see that the market is on bullish swings on both the 1 hour and 4 hour charts. Price is currently testing the large 4-hour zone and looks like it is beginning to slow down on the bearish dive. Below the current zone is a refined 1-hour zone. From my experience in the market over the years, I have come to the conclusion that there is a strong...
USD/CHF Short • If price impulses down below our area of value, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan...
I´m looking at some forex pairs. And the ideas for coming weeks so it will be interesting
Oil looking very interesting here - if it's a B wave up, 120+ is likely. Cup and Handle or Head and Shoulders target both point to that price range. Could be a nice trade into spring....